Precipitated Silica Market Worth $3.34 Billion By 2025

The global precipitated silica market size is anticipated to reach USD 3.34 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 7.9% during the forecast period. Increasing utilization of the product in tires to enhance tire tread wear resistance and adhesion, is the major factor driving the growth. Substitution of carbon black with precipitated silica on account of its eco-friendly nature is anticipated to fuel the market.

Application of the product in agrochemicals is expected to witness a considerable growth on account of its extensive usage as free flow agent. Increasing use of precipitated silica owing to its absorption ability and improved chemical stability is expected to drive demand from the agrochemicals market.

Growing use in food industry on account of its superior absorption, high purity, and anti-caking property is expected to fuel demand for precipitated silica over the forecast period. Precipitated silica is used extensively in food applications including edible salt and powdered food products. It helps enhance product consistency through automated dosing of vegetable and fruit extracts, preservatives, and nutrients.

In agrochemicals, the product is used as an active ingredient carrier in pesticide manufacturing. It enables consistent and high loading of chemically active ingredients in various agrochemicals including fungicides, insecticides, and herbicides. In addition, the product is used as a process aid for urea and chemicals owing to its anti-cracking properties.

Increasing use of the product in toothpaste industry as a cleaning and thickening agent is expected to drive growth of the precipitated silica market over the forecast period. The product is used in oral care applications to provide effective cleaning and polishing performance. It is used in toothpaste formulations, primarily on account of its whitening and cleaning properties, to meet dentifrice requirements.

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https://www.grandviewresearch.com/industry-analysis/precipitated-silica-market

Further key findings from the report suggest:

Rubber application held the highest market share of 52.7% in terms of revenue 2018 owing to huge demand from tire manufacturers
In terms of volume, agrochemicals was the second largest application with a market share of 12.9% in 2018. Its growth is mainly driven by increasing demand for efficient agrochemical processing techniques
Asia Pacific led the precipitated silica market with a revenue share of 43.4% in 2018 owing to massive production of tires and increasing construction activity in the region
In terms of revenue, Central and South America is estimated to register a CAGR of 8.4% over the forecast period on account of economic recovery in the region
Evonik Industries, Solvay SA., and PPG Industries, are the key manufacturers in the market. Capacity extension owing to rising demand and price modification on account of volatility in raw material prices are the major strategies adopted by the top players.

RFID Smart Cabinets Market Worth $1.5 Billion By 2026

The global RFID (Radio-frequency Identification) smart cabinets market size is expected to reach USD 1.5 billion by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 11.6% over the forecast period. The rising need for proper inventory management in hospitals as well as pharmaceutical companies has led to increased demand for RFID smart cabinets and thereby market growth.

The advantages associated with RFID smart cabinets include data accuracy, real-time tracking, and lesser inventory waste & equipment losses. These factors decrease the operational costs of hospitals and pharmaceutical companies, and therefore, the hospitals have started to adopt RFID smart cabinets for tracking of various items across the globe.

The medical devices used for surgeries and other medical procedures are expensive therefore require proper maintenance and tracking of these high value hospital inventory. RFID smart cabinets have enabled hospitals to eliminate the costs by avoiding misplacement, theft of expensive medical devices, and tracking the expiration of high value drugs. By deploying RFID smart cabinets various companies have controlled the operating cost.

North America dominated the Radio-frequency Identification (RFID) smart cabinet market due to the local presence of market players, government initiatives, availability of innovative products, and advanced healthcare infrastructure. Increasing demand of RFID smart cabinets is expected to propel growth at the strong rate with a CAGR of 11.6% from 2019 to 2026.

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https://www.grandviewresearch.com/industry-analysis/rfid-industry

Further key findings from the report suggest:

The U.S. accounted for the largest share in North America due to local presence of market players and government support for the better infrastructure in healthcare. WaveMark Inc., Terso Solutions, Mobile Aspects, and Solstice Medical are some of the major players in the U.S.
The industry in Asia Pacific is projected to witness strongest growth during the forecast period owing to growing investment by several clinics and pharmaceutical companies, increasing healthcare expenditure, and rising awareness about RFID smart cabinet.
India is expected to witness the fastest growth rate in Asia Pacific due to implementation of supportive regulations, growing awareness, and increasing export due to compliance with global standards and cost effectiveness of devices
Economic development in Latin America and investment by pharmaceutical and medical devices companies are likely to propel the market growth. Furthermore, free trade agreements and proximity to North America helps to boost the market growth.
Some key major players include in RFID Smart Cabinets Market are WaveMark, Terso Solutions, Solstice Medical, Mobile Aspects, LogiTag, Tagsys, and GRIFOLS. The market is dominated by the regional players and they are competing on the basis of price and technology. Increasing adoption of RFID smart cabinets in hospitals along with the pharmaceutical and medical device manufacturers for inventory management is likely to drive the market in coming years.
In June 2018, Prodigy Health, a drug distributor company, announced their purchase & license contract for their Prodigy Connect Real RFID solution.
In June 2019, LogiTech reported that over 90% of hospitals in Israel deploy RFID technology for the management of medical supplies.

Neonatal Critical Care Equipment Market Worth $1.3 Billion By 2027

The global neonatal critical care equipment market size is expected to reach USD 1.3 billion in 2027, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. High number of preterm births, prevalence of neonatal jaundice, and innovative product launches are some of the factors responsible for market growth. The Neonatal Intensive Care Unit (NICU) provides treatment to premature infants and those having breathing problems, anemia, heart defects, and other problems requiring critical care.

The majority of admissions in the NICU comprise of the premature/preterm babies. To support their treatment, various organizations are providing financial assistance to healthcare providers. For instance, in October 2018, the Australian Government announced a provision of AUD 600,000 to the Miracle Babies Foundation to support the families of premature babies. The overall assessment of the market reveals that the number of cases of jaundice and respiratory problems in neonates is increasing and precautionary measures are being taken by government authorities. For instance, governments are increasing the number of NICU facilities in order to tackle health related problems in neonates.

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https://www.grandviewresearch.com/industry-analysis/neonatal-critical-care-equipment-market

Further Key Findings from the Study Suggest:

The Respiratory equipment segment dominated the market in terms of revenue share in 2019 due to the high prevalence of respiratory disorders among the newborn babies
North America dominated the market in terms of revenue share in 2019 due to high healthcare expenditure and measures adopted by organizations to improve healthcare for neonatal
BC Children’s Hospital, Vancouver, announced to launch Teck Acute Care Centre and claimed to have North America’s first NICU to provide care to mother and infant in the same room
On the other hand, Asia Pacific is likely to exhibit the fastest CAGR of 10.9% from 2020 to 2027 pertaining to a high birth rate in the region
The manufacturers of neonatal critical care equipment are undertaking research and development activities to provide innovative products, in order to cater to the increasing demand for NICUs globally
In January 2016, Maquet Medical Systems USA (Getinge Group) launched two ventilators for use in NICU, the Servo-U and Servo-n.

Intraoperative Neuromonitoring Market Worth $3.6 Billion By 2025

The global Intraoperative Neuromonitoring market size is expected to reach USD 3.6 billion by 2025, based on a new report by Grand View Research, Inc. The market is anticipated to witness significant growth in the forecast period, which can be attributed to the hospitals adopting intraoperative monitoring in a wide spectrum of surgeries.

Major surgeries pose a risk to the nervous system that necessitates neuromonitoring. This has resulted in the growing popularity of intraoperative neuromonitoring (IONM) amongst surgical teams, surgeons, and hospitals. It results in reduced cases of revision surgeries, postoperative complications, and permanent impairment.

Industry players are acquiring smaller companies to expand their product offerings and geographical presence. For instance, in June 2016, Biotronic NeuroNetwork, LLC, headquartered in Michigan, was acquired by NuVasive, Inc., in a transaction worth USD 98 million.

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http://www.grandviewresearch.com/industry-analysis/intraoperative-neuromonitoring-market

Further key findings from the study suggest:

Insourced IONM dominated the market in 2015, which is attributed to the rising number of surgeries and emphasis on patients during the procedures. IONM is utilized to minimize the neurological morbidity caused by operative manipulations. This offers detection of injuries during the operation and minimizes the risk of permanent nerve damage. Hospitals have adopted intraoperative monitoring and have trained technologists, who are supervised by neurologists and physiologists during the procedures.
Outsourced IONM is also gaining popularity and is expected to grow at a rapid rate over the forecast period Hospitals and healthcare centers choose to outsource their IONM needs due to benefits such as cost-efficiency and availability of focused service providers.
Geographically, North America dominated the industry in 2015 and is expected to maintain its position during the forecast period. It is accepted as a standard of care by the medical community in this region due to its benefits. New neurosurgeons and orthopedic surgeons are being trained to adopt this technique during procedures.
Asia Pacific is anticipated to observe the fastest growth over the coming years. The rising number of surgeries, developing economies, growing capacity of patients to bear expenses, and the presence of a large patient pool are few factors contributing to this growth.
Prominent players operating in the intraoperative neuromonitoring market include are Biotronic NeuroNetwork, LLC; Medtronic; Accurate Monitoring; NuVasive Inc.; Natus Medical Incorporated; SpecialtyCare; Sentient Medical Systems; and NeuroMonitoring Technologies, Inc.

Coin-operated Laundries Market Size Worth $30.1 Billion By 2027

The global coin-operated laundries market size is anticipated to reach USD 30.1 billion by 2027, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. The increasing economic stability of middle-class consumers in emerging markets is driving the demand for clothes, which has spurred demand for coin-operated laundries.

Additionally, increasing population and rising tourism activities are the key factors driving demand for coin-operated laundries in the hospitality sector. The increasing number of hotels, hospitals, restaurants, and other commercial setups has led to a rise in the demand for coin-operated laundries, which, in turn, is anticipated to boost the market in the commercial sector.

Clean laundry is essential for a healthy and hygienic lifestyle. Washing dirty daily use clothes and other laundry items require an adequate amount of clean water, detergents, and soaps, washing appliances, as well as a proper washing area. Instead of spending on expensive appliances and other related products, millennials and working-class populations are adopting the laundry machines, which offer convenience and flexibility and save time.

These advanced laundry machines are available round the clock, making laundry more convenient and easier for the young and working population. Consumers’ priority in laundry care is changing in developed as well as developing countries. Laundry care is necessary, however, it is time-consuming, owing to which consumers in the urban areas are shifting toward convenient and hygienic laundry services.

Hectic working schedules and time constrain for daily house chores are the key factors fueling demand for the laundry machines among working professionals. Moreover, an increasing number of working-class women in developing countries, such as India and China, is expected to contribute to market growth.

Increasing awareness about the importance of daily laundry care and personal hygiene is expected to favor market growth in the coming years. Moreover, an increase in the penetration of broadband internet smartphones has led to a significant increase in the popularity of coin-operated services, including laundry care. Additionally, the growth of tourism and hotel industries in the region is expected to boost the demand for the market over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/coin-operated-laundries-market

Further key findings from the report suggest:

The residential application segment dominated the market with a share of 80.3% in 2019.
North America dominated the market with a share of 45.3% in 2019.
Some of the major players operating in the market include Elis SA, Aramark, Cintas Corp., UniFirst Corp., Johnson Service Group, Franz Haniel & Cie. GmbH., Spotless Group Holdings Limited., Bel and Blanc, and Champion Cleaners.

Telecom API Market Size Worth $590 Billion By 2027

The global telecom API market size is expected to reach USD 590.0 billion by 2027 growing at a CAGR of 21.9%, according to a study conducted by Grand View Research, Inc. Increasing demand for mobile phones that include features, such as GPS services, digital wallets, and Near-Field Communication (NFC), is anticipated to drive the market over the forecast period. Application Programming Interface (API) enables developers to create applications that can leverage the capabilities of the aforementioned features and services.

Rising usage of Internet of Things (IoT) in the telecom sector is expected to upkeep the market growth over the forecast period. Telecom companies, such as AT&T, Inc., Orange S.A., and Verizon, are providing their IoT platforms to various sectors, such as retail, manufacturing, utilities, and transportation. For the IoT platform by Orange S.A. named Live Objects, connections are made centrally through APIs or a web-portal. Data management for the company’s IoT platform is done through a software that is capable of collecting and visualizing data through standard APIs.

Web Real-Time Communication (WebRTC) consists of numerous APIs and protocols that operate simultaneously to enable data sharing and peer-to-peer teleconferencing without the need for installing any additional plug-ins. Market is expected to experience significant growth owing to the increasing adoption of WebRTC by various organizations, such as Vodafone Group, Cisco Systems, Inc., and AT&T, Inc. However, stringent government regulations may act as an inhibitor to market growth.

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https://www.grandviewresearch.com/industry-analysis/telecom-api-market

Further key findings from the study suggest:

The messaging API type segment held the largest market share in 2019 and is projected to retain its leading position throughout the forecast period
The segment’s share is attributed to the increasing adoption of A2P messaging by organizations from various sectors to promote their products and services
The partner developer end-user segment is projected to expand at the fastest CAGR of more than 25% during the forecast period
This growth is credited to the increasing number of internet users, which has led to the adoption of Over-The-Top (OTT) media services among organizations
Asia Pacific is anticipated to be the fastest-growing regional market in the next seven years due to increasing number of smartphone users in developing countries of APAC
Major global companies in this market are AT&T, Inc.; Google LLC; Huawei Technologies Co., Ltd.; and LocationSmart
These companies have undertaken business strategies, such as collaborations and M&A, to expand their product portfolio and boost the market position

Cord Blood Banking Services Market Size Worth $82.3 Billion By 2025

The global cord blood banking services market is expected to reach over USD 82.3 billion by 2025, growing at an estimated CAGR of around 11.9% from 2017 to 2025, according to a new study by Grand View Research, Inc. Key drivers of the market include increasing application of stem cell therapies in disease treatment, and rising prevalence of life threatening genetic disorders.

Moreover, increasing spending capacity is fueling the demand for advanced healthcare facilities including disease prevention and treatment. As a result, parents are increasingly demanding CBB services to ensure safety of their child’s future. Furthermore, private players are practicing marketing activities which are creating awareness about the availability of the CBB services and their benefits.

In addition, governments worldwide are promoting public CBB to develop ethnically diverse cord blood repository which would increase the chances of finding suitable human leukocyte antigen (HLA) match for the patients. As a result, availability of the ethnically rich CB repository coupled with anticipated rise in the stem cell therapies and bone marrow transplants, is expected to spur the CBB services during the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cord-blood-banking-services-market

Further Key Findings From the Report Suggest:

Private bank segment accounted for the largest revenue share in 2016. High cost of collection, processing, and storage along with the maximum awareness created by marketing activities practiced by the players resulted in large revenue share of private banks across the globe.
Rising government support and no storage and collection costs are the major factors anticipated to drive the public banking sector during the forecast period from 2017 to 2025 with highest CAGR.
North America dominated the global market and was followed by Europe in 2016. Dominance of North America is owing to government support and high rate of stem cell therapy in the U.S. and Canada.
Moreover, high awareness and insurance coverage of cord blood banking and stem cell therapies is further boosting the growth of the market in North America
Densely populated emerging countries of Asia Pacific are anticipated to show significant growth during the forecast period from 2017 to 2025.
Factors such as increasing investment by global players, government support and rising healthcare expenditure are anticipated to boost the cord blood banking services market in Asia Pacific
Global CBB services sector is highly fragmented with presence of many private and public players. Few global players operate in various geographies through subsidiaries. While local players are operating independently in respective geographies.
Key players of this market include China Cord Blood Corporation, Cord Blood America, Inc., CBR Systems, Inc., Cordlife Group Limited, Cryo-Cell International, Inc., Cryo-Save AG, Lifeforce Cryobanks, National Cord Blood Program, ViaCord, Inc. and Virgin Health Bank

Pancreatic Cancer Treatment Market Size Worth $4.2 Billion By 2025

The global pancreatic cancer treatment market is expected to reach USD 4.2 billion in 2025, according to a new report by Grand View Research, Inc. Increasing tobacco consumption, smoking, obesity, and growing awareness pertaining to various treatment options available are propelling the market growth at a global level. The peak incidence of pancreatic cancer is seen in the age group of 65 to 75 years. Thus, growing geriatric population is also expected to drive the growth during the forecast period.

According to an article published in the National Center for Biotechnology Information in 2015, pancreatic cancer is one of the most dangerous malignancies and is the fourth most common cause of cancer deaths in the U.S. Furthermore, pancreatic cancer is expected to be the second common cause of death in the U.S., by 2030. These factors together would propel the market growth in the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/pancreatic-cancer-treatment-market

Further key findings from the study suggest:

The study suggests that exocrine cancer is by far the most common type of pancreatic cancer accounting for more than 95% of the overall pancreatic cancer types
Among the treatment types, targeted therapy occupied the largest share since it is considered as the most effective treatment option, which blocks the growth and spread of cancer cells without damaging healthy cells
North America dominated the segment with the largest revenue share in 2015 due to high adoption rate of advanced treatment options and highly developed healthcare infrastructure
Asia Pacific is anticipated to show a significant growth during the forecast period, mainly due to increasing government initiatives, growing awareness regarding the treatment options for pancreatic cancer, and the availability of highly sophisticated medical infrastructure for effective treatment
Some of the major companies operating in this market are, but are not limited to, Eli Lilly and Company; Celgene Corporation; F. Hoffmann-La Roche AG; Amgen, Inc.; Novartis AG; PharmaCyte Biotech, Inc.; Clovis Oncology; Teva Pharmaceutical Industries Ltd.; Merck & Co., Inc.; and Pfizer, Inc.

LNG Market Demand To Reach 560.19 Million Tons By 2027

The global liquefied natural gas market demand is expected to reach 560.19 million tons by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. Growing focus on expansion and development of gas pipeline infrastructure and rising demand for NG across downstream industries are the main propelling factors for the liquefied natural gas (LNG) market.

Decline in liquefied natural gas prices, along with implementation of supportable government regulations and guidelines, which are attracting tax schemes and FDIs, is also beneficial for the market growth. Collective prominence of adequate support for infrastructure in various countries is projected to augment product demand across the construction segment as the product is being used for building equipment.

However, inadequate infrastructure is augmenting demand for small-scale projects to source NG for key customers located in remote areas, precisely in the industrial manufacturing and power generating verticals. Rapid industrialization, urbanization, and projects supportive of gas and petrochemicals and power distribution are likely to provide a stimulus to the market growth.

Power generation accounted for the largest volume share in 2019 and is anticipated to witness significant growth from 2020 to 2027. Power generation plants are steadily shifting from other feedstock to liquefied natural gas in order to offer enhanced delivery and cost-competitiveness while getting support in the form of promising regulations that are encouraging the trends.

Asia Pacific remains the chief center of demand and altogether it accounted for over 50% of the global liquefied natural gas imports in 2018. 2019 was recorded as the year of low price and was driven by growing NG production, limited demand response, and the commissioning of new export infrastructure across the APAC market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/liquefied-natural-gas-lng-market

Further key findings from the report suggest:

Asia Pacific is projected to grow at a substantial rate throughout the forecast period. India is expected to witness the fastest growth in the Asia Pacific region
By application, the power generation segment dominated the industry, accounting for 47.1% share of the total volume in 2019
North America is likely to witness moderate growth during the projected period.

North America Long-term Care Software Market Worth $2.1 Billion By 2025

The North America long-term care software market size is anticipated to reach USD 2.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.4% over the forecast period. Aging baby boomers, growing incidence of chronic diseases, and government initiatives to include long-term care software in healthcare facilities are anticipated to drive the growth. With increasing demand for formal care, new technologies are being adopted to provide better and personalized care to the elderly, which is likely to further fuel the market during the forecast period.

The North America long-term care software market is likely to witness a high growth due to increasing geriatric population, awareness, and reforming healthcare infrastructure to provide affordable healthcare to senior citizens. According to the Health Trends Alberta projection, increasing geriatric population is expected to add USD 3.8 million to the health care costs of Canada by 2030.

Various strategic initiatives by market players are expected to boost the LTC software market growth. In August 2018, Mediware Information Systems acquired BlueStrata EHR to expand its long-term care software technology solutions. The acquisition is expected to support Mediware to meet healthcare needs of the aging population.

Moreover, various mergers and acquisitions are anticipated to fuel market growth. For instance, in October 2016, Netsmart acquired HealthMEDX to broaden its U.S. long-term care solutions for home care providers, nursing facilities, retirement communities, and assisted and independent living facilities.

Companies also focus on regional expansions through business collaborations. In April 2016, Good Shepherd Rehabilitation Network opted for Cerner Millennium clinical and financial management solutions to implement integrated Electronic Health Record (HER) system in 40 outpatient facilities in Eastern Pennsylvania, resulting in regional expansion for Cerner Corporation.

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https://www.grandviewresearch.com/industry-analysis/north-america-long-term-care-software-market

Further key findings from the report suggest:

EHR accounted for the largest market share in 2017 owing to to better medical care and accurate patient information provided by the software
Cloud-based solution is anticipated to be the fastest growing segment during the forecast period due to cost-effectiveness, less operational issue, low investment, and ease of implementation with advanced security
U.S. dominated the North America long-term care software market and is likely to witness significant growth over the next decade due to rising aging population demanding long-term care coupled with need to lower the healthcare costs
Some of the key market players are Allscripts Healthcare Solutions, Inc.; Epic Systems Corporation; Cerner; McKesson Corporation; Omnicare; Omnicell, Inc.; MatrixCare; Optimus EMR; Netsmart; and PointClickCare.