Cleaning Robot Market Size Worth $6.2 Billion By 2025

The global cleaning robot market size is expected to reach USD 6.2 billion by 2025, registering a revenue-based CAGR of 14.6% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The rising penetration of technologies such as Artificial Intelligence (AI), and Virtual Reality (VR) is a major factor driving the market growth. In addition, the higher costs of mopping labors in emerging countries is boosting the demand for robotic vacuums. Proliferation of robotics technology for mopping purpose and technological advancements such as gesture controlled and voice based technology are likely to drive the market growth.

Vacuum robots have gained a wide reception in the past few years as consumers exhibit a constant demand for smart gadgets over traditional devices. Continuous improvement in software and hardware technology has enabled the industry to reveal enhanced robotic appliances for household mopping purposes. Pricing is another aspect for consumers to have a high preference for robotic vacuums since there are multiple variants available within reasonable price range. Also, the lack of manpower for household mopping purpose is driving the demand for robotic vacuums. Therefore, this trend is anticipated to boost the demand for automated and manual vacuums.

Recent innovations in the robotic cleaning technology such as voice command, Bluetooth tethering and VR features are driving the market. For instance, RX-V100 comes with a speech recognition AI engine that helps the end users to communicate with the device. It works in automatic mode and possesses a set of built-in messages. Bosch Roxxter is another example of AI enabled robotic vacuum that uses AI to draw collaborative maps of surroundings. Furthermore, the manufacturers are emphasizing on establishing partnerships with developers of virtual assistant systems for enhancing the performance of vacuum machines. For instance, ECOVACS has established a partnership with Amazon.com through which ECOVACS will make its Ecovacs DEEBOT N79S compatible with Amazon Alexa.

The Europe region is expected to grow significantly over the forecast period owing to the increasing adoption of robotic vacuums in various industries and sectors such as automotive, logistics and transportation, healthcare, and retail. The growing popularity of Robot as a Service (RaaS) through which companies such as Avidbots offer rental services for providing mopping solutions bodes well for the growth of the region. For instance, Avidbots offer rental services on hourly basis for commercial premises.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cleaning-robot-market

Further key findings from the report suggest:

The floor cleaning robots segment is expected to exhibit high CAGR over the forecast period owing to increasing adoption in mopping residential and commercial buildings
Growing labor charges for household mopping and consumer inclination towards automation in home appliances is expected to drive the growth of the in-house segment
The automatic charging segment is expected to grow significantly over the forecast period due to the increasing adoption of robotic vacuums for scheduled cleaning in residential applications
The adoption of Radio Frequency Identification (RFID) technology in autonomous vacuums has enhanced the performance of autonomous machines that bode well for the growth of self-drive robots
The commercial segment is anticipated to grow significantly over the forecast period owing to increasing adoption in commercial buildings such as shopping malls, movie theatres, and hotels
The key players operating in the market include Ecovacs Robotics, Inc.; ILIFE Robotics Technology; iRobot Corporation; LG Electronics; Maytronics; Milagrow Business and Knowledge Solutions (Pvt.) Limited; Neato Robotics, Inc.; Nilfisk Group; Pentair plc; and Samsung Electronics Co., Ltd.

Warehouse Robotics Market Worth $6.46 Billion By 2025

The global warehouse robotics market size is anticipated to reach USD 6.46 billion by 2025, expanding at a CAGR of 11% over the forecast period, according to a new report published by Grand View Research, Inc. The rapidly growing e-commerce industry and intensifying pressure on warehouses from the consumers about quick and proficient deliveries are expected to drive the growth.

The market for warehouse robotics has gained prominence in the past decade, owing to the increasing need to automate the distribution centers so as to attain efficacy, reduce operational costs and time, and ease the labor-intensive tasks. Robots assist in reducing the time of order-to-delivery stretch, consignment packaging errors, and the need for the reverse supply chain. Businesses are continually investing in automation systems for their facilities to address concerns, such as high turnover of people and labor shortage.

The flourishing start-ups in the Asia Pacific-particularly in India and China-primarily involved in the e-commerce sector, are generating more demand for warehouse robotics owing to the growing consumer trend of online shopping and dynamic funds provided by the venture capitalists. Companies are expected to be highly inclined toward deploying mobile robots, owing to their inherent ability to navigate in the facility by deciding an optimum route without human supervision by using sensors.

The demand for robotic systems in material handling is expected to widen their application base. The continuous innovations which help them to enhance logistics processes, have greatly assisted in countering the lack of productivity associated with aging workforce. Moreover, robotic technologies are evolving in competencies and turning out to be more affordable. Hence, the warehouse robotics market is anticipated to witness substantial growth over the forecast period.

However, factors the growth of the global warehouse robotics industry, which include the threat of job replacement and safety-related concerns may hinder the market growth in the forthcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/warehouse-robotics-market

Further key findings from the report suggest:

The mobile robots product segment is projected to expand at the fastest CAGR from 2019 to 2025, due to the growing deployment of Automated Guided Vehicles (AGVs) and autonomous mobile robots in the warehousing industry owing to their better capability of enhancing the facility throughput
The Warehouse Control Systems (WCS) and Warehouse Execution System (WES) software segments are anticipated to witness rapid growth over the forecast period to manage and control the flow of inventory on several automation systems in a real-time manner and manage most of the supply chain operations
Asia Pacific and Middle East and Africa are expected to witness a substantial CAGR in near future, owing to the focus of governments on digital revolution and next-generation technologies, hence, fast-paced progress by leveraging the skills offered by robotic systems
The warehouse operators require on-demand automation, real-time monitoring, and natural navigation of robots to ensure enhanced safety in their facilities

Electric Vehicle Supply Equipment Market Worth $104.3 Billion By 2025

The global electric vehicle supply equipment market size is expected to reach USD 104.3 billion by 2025, registering a CAGR of 33.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks. Growing demand for electric vehicle charging equipment is prompting manufacturers of charging equipment to innovate and launch new products. For instance, in 2017 Qualcomm Incorporated designed and built a wireless Dynamic Electric Vehicle Charger (DEVC) system capable of charging an electric vehicle (EV) dynamically at up to 20 kW at highway speeds (100 km/h).

Growing adoption of EVSE among logistics operators and FMCG manufacturers such as FedEx and Frito-Lay North America, Inc. is expected to drive demand over the forecast period. Frito-Lay North America, Inc. has installed charging stations at the Bronx, Albany, Rochester, Buffalo, and New Paltz. Moreover, various government agencies are providing funding to logistics companies for development of fleet charging stations. Besides this, increasing adoption of electric cars for shared electric mobility and development of autonomous electric cars is expected to drive the demand for EVSE for fleet charging.

Falling prices of lithium-ion batteries are expected to provide ample opportunities to electric vehicle manufacturers and in turn, drive the demand for EVSE. For instance, in March 2018, United Parcel Service (UPS) increased the number of electric vehicles in its fleet in London from 65 to 170 under the ‘Onsite Energy Storage Batteries’ initiative. The move is supported by a smart-grid charging technology developed under the ‘Smart Electric Urban Logistics (SEUL)’ project in partnership with Cross River Partnership and UK Power Networks. UPS envisages reducing its delivery costs and carbon emissions associated with its fleet of vehicles. These initiatives are expected to drive the demand for EVSE over the next few years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-supply-equipment-market

Further key findings from the report suggest:

The DC power segment is anticipated to register the fastest growth over the forecast period as a result of ongoing investments by governments in countries such as U.S., Germany, and France for the development of sustainable electric highways
The EV charging kiosk segment is expected to exhibit a high CAGR over the forecast period as a result of technological developments such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) for digital payments at EV charging stations
The super charging segment is expected grow significantly over the forecast period owing to rising emphasis of governments on setting up charging stations for e-buses
The destination charging application segment is expected to expand at a rapid pace over the coming years as a result of growing focus of automotive manufacturers for the development of electric vehicle charging stations at hotels, shopping malls, and resorts
Key players in market are AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC; Eaton Corporation; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; and Siemens.

Bake Stable Pastry Fillings Market Size Worth $1.2 Billion By 2025

The global bake stable pastry fillings market size is expected to reach USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Increasing application of bakery ingredients in sweets and confectioneries as a result of increasing consumption of bakery and confectionery food products is expected to boost the industry growth in the coming years.

Increasing preference for filled pastries owing to rising inclination towards fruit and vegetable flavors has provided a wide scope for bake stable pastry fillings in the market. The fillings are enduring and stable in nature and does not melt in the baking process. Therefore, it has major application in filled pastries owing to its heat emerging properties, which does not alter the shape and volume of the food product while baking.

Moreover, increasing interest of consumers, particularly Asian countries, in the consumption of sweets due to the influence of the western culture has propelled the demand for the bread and bakery industry. Furthermore, shifting lifestyle trends, along with majority of the consumers shifting to urban areas as a result of urbanization, have widened the scope for convenience food. In addition, growing population of working professional acts as a key factor driving the bakery market, which, in turn, is increasing the preference for bake stable pastry fillings.

Fruit fillings held the largest share of more than 50.0% in 2018. Increasing preference for fruits and vegetables on account of health benefitting properties has driven the bake stable pastry fillings market. In addition, rising emergence of innovative flavors including different combination of fruits and cream such as apple pie pastry, red velvet with strawberry, mango and cream pastry, and other such flavors has widened the scope for bake stable pastry fillings in bakery food products. For instance, in April 2019, PURATOS have introduced two new flavors of filling with their Topfil product line. The flavors included are Topfil Select Blackcurrant and Hibiscus and Topfil Select Strawberry, Cucumber, and Mint fruit fillings.

In terms of revenue, Europe held the largest share of 34.4% in 2018. Increasing inclination towards consumption of sweets and confectionery is driving the bakery and confectionery industry. In addition, emergence of vegetable flavors in sweet bakery launches has increased the importance of bakery production in the market. In Europe, 1% of sweet bakery launches featured vegetable flavors in 2017. Therefore, this region witnesses the highest consumption of bread and bakery products, which as a result drives the market for bake stable pastry fillings.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/bake-stable-pastry-fillings-market

Further key findings from the report suggest:

By type, the fruits segment dominated the global market with an overall revenue share of over 50.0% in 2018. Nuts are projected to expand at the fastest CAGR of 5.3% over the forecast period
Europe dominated the global market in 2018, accounting for 34.4% share of the overall revenue. This trend is projected to continue over the next few years
Some of the key players operating in the market are Spanx Inc.; Adidas AG; Triumph International Corporation; Leonisa SA; Wacoal America Inc.; Ann Chery; 2XU Pty Ltd.; and Under Armour Inc.

Chalcedony Earrings Market Worth $8.36 Billion By 2025

The global chalcedony earrings market size is anticipated to reach USD 8.36 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.5% during the forecast period. Rising popularity of natural jewelry and precious stones coupled with the affordability, variety, and availability of the product is anticipated to drive the growth. Rise in online shopping for greater convenience and prices is anticipated to drive the demand for chalcedony earrings.

Chalcedony gemstones are claimed to impart mental flexibility and verbal dexterity. It helps improve communication skills and thus stimulates the ability to learn new languages. In addition, it enhances light-heartedness and optimism. These stones also have natural anti-inflammatory properties and ability to heal effects of smoking on lungs, lowering temperature and blood pressure, clearing respiratory. Awareness regarding these advantages is anticipated to bode well for the product demand.

Aesthetic appeal of chalcedony owing to its bluish translucent color is one of the major factors driving the demand for gold and silver earrings made using chalcedony. . However, chalcedony stones easily express these colors without incorporating the expense of blue sapphire or diamonds. Hence, affordability is projected to continue being one of the major driving factors for the demand of chalcedony earring in the forthcoming years.

In terms of distribution channel, retail store segment led the chalcedony earrings market in 2018. Jewelry made of chalcedony stones is used for daily wear owing to its durability and contemporary designs. In addition, low investment cost for the store chains is expected to bode well for the segment growth. Rapid expansion of the jewelry industry coupled with willingness of the consumers to invest more in latest fashion trends is projected to bode well for the growth.

Asia Pacific is anticipated to expand at the fastest CAGR of 11.0% from 2019 to 2025. China contributes to about 30% of global jewelry demand. Increasing awareness regarding innovative gem stones introduced in the latest fashion trends is expected to positively impact the regional demand for chalcedony earrings. Countries like China and India lead exports in the region and have successfully established a stable trade market for chalcedony stones, which is expected to further propel the demand for chalcedony earrings.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/chalcedony-earrings-market

Further key findings from the report suggest:

Online distribution channel is expected to reach USD 2.46 billion by 2025, expanding at a CAGR of 11.1% from 2019 to 2025
Retail store was valued at USD 1.61 billion in 2018 and is expected to reach USD 3.13 billion by 2025
Asia Pacific is anticipated to expand at the fastest CAGR of 11.0% from 2019 to 2025
Top players operating in the chalcedony earrings market are Wanderlust Life; T&CO.; The Jewellery Channel Limited; GEMPORIA LTD; Stauer.com; Ana Silver Co.;Gopali Jewellers; and NOVICA United, Inc. Manufacturers focus on investing in product development and innovation in terms of designs, colors, and styles

Barley Flakes Market Size Worth $8.5 Billion By 2025

The global barley flakes market size is expected to reach USD 8.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% over the forecast period. Rising demand for the nutritious breakfast cereals among health conscious consumers, particularly youth population is expected to be a key driving factor for the barley flakes industry growth over the forecast period. Moreover, excellent nutritional properties, coupled with the ease of cooking associated with flakes, are projected to prompt the product consumption among the working class population over the next few years.

Organic flakes are expected to expand at the fastest CAGR of 4.6% from 2019 to 2025 in terms of volume. Governments of various developed as well as developing countries are taking initiatives to promote the organic crop through incentive and stringent government policies. According to a statistics (January 2019) provided by the European Commission, 12.6 million hectares of the land, which is equal to the 7% of the total agricultural land in Europe, was used for the certified organic farming in 2017.

In addition, manufacturers are launching new organic products in order to cater to needs of the health conscious customers. For instances, in January 2018, Rude Health, a U.K. based cereals and drinks manufacturer, launched organic breakfast cereal under the brand name ‘Naked Barley Porridge’. These government initiatives as well as new product launches are expected to expand the scope of organic product forms in the near future.

Over the past few years, the manufacturers have been launching new products in developing countries including China and India as a result of rising demand for nutritious on-the-go cereal meals among health conscious customers. For instance, in December 2018, Cosmic Nutracos Solutions Private Limitedlaunched a new product, Oats Multigrain in India under the brand name ‘Gaia’. The product contains a mix of barley flakes, oats, and rolled wheat, which is beneficial for weight management.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/barley-flakes-market

Further key findings from the report suggest:

Organic product forms are expected to expand at the fastest CAGR of 4.6% from 2019 to 2025 in terms of volume
Asia Pacific is projected to expand at the fastest CAGR of 5.2% from 2019 to 2025 in terms of revenue
Demand in Europe was pegged at 2.6 million tons in 2018
Key players in barley flakes market include Kellogg NA Co.; Nestlé, Quaker Oats Company; King Arthur Flour Company, Inc.; Honeyville, Inc.; Cereal Food Manufacturing Company; Vee Green Organic Life Care Private Limited; Vita Sana Foods Private Limited; and Bob’s Red Mill.

Organic Packaged Foods Market Size Worth $77.0 Billion By 2025

The global organic packaged foods market size is expected to reach USD 77.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.3% over the forecast period. Growing awareness pertaining to health and safety benefits associated with organic foods on account of supportive government policies for promoting the marketing and sales of these products in key markets including U.S, Germany, China, and India. Furthermore, changing lifestyle, increasing number of working class women, and changing taste preferences of generation Z are projected to remain key market trends. The busy modern work life consumes a substantial part of the day, which leaves less time for the household chores and thus, in turn, increases the dependency on packaged nutritional products.

Organizations have been eyeing this traction for organic packaged food as an opportunity to enhance the customer base. Many companies are expanding operations to incorporate these products in their portfolio. For instance, in May 2019, Nestle announced its foray into the organic food segment by launching the cereals under the brand umbrella of Ceregrow.

Similarly, in 2014, India based startup Jus’ Amazin launched new organic packaged foods. The company has been marketing with the unique selling proposition of catering to the needs of people with allergies and dietary restrictions. Jus’Amazin product portfolio comprises almond butter, peanut butter, cashew butter, and multi seed butter, which includes watermelon pumpkin, sunflower, and flax seed.

Organizations have been modifying their strategies to make place for organic products. For instance, in May, 2019, Japan-based company Oisix ra daichi Inc., acquired U.S. based company Purple Carrot. The acquisition shows the new approach that nutritional companies are adopting to thrive in the organic packaged products industry. With this acquisition, Oisix will be able to leverage their service and nutritional expertise to capitalize on the better-for-you trend that has spread across the world.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/organic-packaged-foods-market

Further key findings from the report suggest:

Bakery and confectionery products accounted for 39.3% share of global revenue in 2018 Snacks and nutrition bars are expected to expand at the fastest CAGR of 15.1% from 2019 to 2025
The offline distribution channel accounted for the largest share of more than 70.0% in 2018
North America held more than 50.0% share of the global revenue in 2018
Some of the key players operating in the global organic packaged foods market are THE WHITEWAVE; Hain Celestial; General Mills Inc.; Sresta Natural Bioproducts Pvt. Ltd.; and Riverford, Amy’s Kitchen.

U.S. Lubricants Market Worth $24.50 Billion By 2027

The U.S. lubricants market size is projected to reach USD 24.50 billion by 2027, expanding at a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for industrial lubricants in U.S. is anticipated to boost the market growth over the forecast period.

Rapid industrialization in the country led to higher consumption of oils in the industrial sector. Lubricants are widely used across various manufacturing industries, including metal forming, mining, paper & mill, construction, agriculture, food & beverages, energy, plastics, and others. Growth of the manufacturing industry has a direct impact on the demand for the lubricants. Increasing focus on the development of domestic manufacturing sector is likely to positively affect the demand for lubricants in the country. Other factors facilitating the lubricant consumption include focus on productive and cost-effective manufacturing techniques, increased mergers & acquisitions, and reshoring of factories.

Inflow of foreign investments in the marketspace, coupled with availability of several skilled labors with high adaptivity to technological interfacing, is driving the manufacturing sector in U.S. Rapid growth of the niche manufacturing sectors, like 3D printing, is also a key force behind constant demand for lubricants used in the printing machines. Moreover, as of 2017, in U.S., the major industrial machinery utilization was observed in the construction and agriculture industries, followed by the mining and food processing industries.

Furthermore, in terms of automotive industry movement, downsizing liter engine segment vehicles to reduce vehicle weight and enhance fuel efficiency is considered to be yet another key factor boosting the sales of passenger cars in U.S. With the rise in sales of automobiles in U.S., the projected consumption of lubricants in the manufacturing and maintenance of vehicles in the country is also expected to rise in the coming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-lubricants-market

Further key findings from the study suggest:

The automotive application segment held the largest share of 57.73% in U.S. in 2019 due to high demand for vehicle maintenance. Engine oils held the largest share in 2019 and transmission fluids are anticipated to witness the fastest growth over the forecast period
The aerospace sector is projected to expand at the fastest CAGR of 4.0% in terms of volume due to increased shipping demand for U.S. produced civil space systems, general aviation aircrafts, and commercial aircrafts
In the industrial application segment, industrial engine oil is projected to register the highest CAGR of 3.2% from 2020 to 2027 due to high demand for the product to enhance machinery life by reducing wear and tear of engine components
Key players in U.S. lubricants market such as Total S.A., ExxonMobil, British Petroleum, and Royal Dutch Shell have integrated operations across the value chain.

North America Wood Flooring Market Size Worth $5.2 Billion By 2027

The North America wood flooring market size is expected to reach USD 5.2 billion by 2027, according to a new report by Grand View Research Inc., expanding at a CAGR of 1.5% from 2020 to 2027. Rising expenditure on renovation and remodeling of old housing structures is anticipated to drive the market over the forecast period.

Increasing demand for aesthetically superior and durable floor covering solutions, and consumer trends in floor design have been critical in the growth of the market over the past few years. The expansion of office and workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to market growth.

The significant and continual growth of high-end residential housing structures, and the subsequent and growing preference of single-family housing structures are driving the demand for wood flooring in the North America region. Furthermore, the advent of engineered wood has significantly reduced the cost of wood flooring, thereby providing a major boost to product adoption.

The rising importance of e-commerce portals in an attempt to ensure the supply of finished goods to buyers due to benefits such as price discounts and timely delivery of products to buyers may promote the purchase of wood flooring through online retailers, such as WeShipFloors, Fantastic-floor, and Wood Floors Online.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/north-america-wood-flooring-market

Further key findings from the report suggest:

In Canada, the maple wood segment is expected to expand at a revenue-based CAGR of 1.1% over the forecast period on account of the growing demand for simple, understated flooring pattern and the domestic availability of maple wood logs
In 2019, the commercial application segment in the North America region was valued at USD 1,013.0 million owing to the wide-ranging adoption of wooden flooring in institutional buildings, offices, libraries, basketball courts, and auditoriums
In Mexico, the engineered wood segment is anticipated to reach USD 333.3 million by the year 2027 on account of growing demand for aesthetically pleasing and highly durable buildings and cost-effective decorative products within the country
In the U.S., the solid wood segment is expected to expand at a revenue-based CAGR of 1.1% over the forecast period owing to growing investment in the redevelopment and reconstruction of old residential and heritage buildings in the country
Manufacturers are continually engaged in expanding their product portfolio, accompanied by installation services and training programs, for installation workers and after-sales support to the clients.

Implantable Cardiac Rhythm Management Device Market Size Worth $20.39 Billion By 2026

The global implantable cardiac rhythm management device market size is expected to reach USD 20.39 billion by 2026 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Increasing geriatric population, cases of Cardiovascular Disease (CVDs), and demand for accurate and effective diagnostics of these diseases are the factors attributing to the growth of the market. Cardiac disorders are one of the major causes of mortality around the world, with a large percentage of the population suffering from some form of cardiac disorders in their lifetime.

Hectic schedules and busy lifestyle are major factors that cause hypertension among individuals. An estimated 85.7 million Americans (i.e., almost 34% of the population) suffered from high Blood Pressure (BP) and hypertension due to stressful lifestyle. Almost 23.4 million American adults were diagnosed with diabetes in 2017, while an estimated additional 7.6 million American adults are undiagnosed diabetics. Thus, prevalence of CVDs is increasing in younger generation as well. Globally, the prevalence of diabetes is expected to increase to 7.7% by 2030.

Various implantable devices, such as pacemakers, ICDs, and Cardiac Resynchronization Therapy (CRT), are being used for improved cardiac performance. Pacemakers are the mostly used devices for conduction disorders and sinus dysfunctions. CRT devices and ICDs are comparatively new and incorporate better technology than their older counterparts.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/implantable-cardiac-rhythm-management-device-market

Further key findings from the study suggest:

Hospitals is expected to be the largest end use segment of the global implantable cardiac rhythm management (CRM) device market over the forecast period.
The CRT product segment is anticipated to witness the fastest growth due to implementation of supportive legislative policies in developed countries and increased awareness about these products
North America led the global market with a market share of more than 45% in 2018 due to higher awareness levels, supportive government policies, favorable reimbursement schemes, and increased cases of CVDs
Asia Pacific is expected to exhibit the fastest growth at a CAGR of 5.6% from 2019 to 2026
Key companies in the market include St. Jude Medical/Abbott Laboratories; Medtronic PLC; Boston Scientific; Biotronik; Physio-Control, Inc.; Schiller AG; Koninklijke Philips N.V.; Zoll Medical Corporation