Multi-factor Authentication Market Size Worth $17.76 Billion By 2025

The global multi-factor authentication (MFA) market size is expected to reach USD 17.76 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 15.07% during the forecast period. Increasing implementation of BYOD and cloud-based services across enterprises, along with the growing security regulations and mandates, is benefiting market growth.

Multi-factor authentication is an emerging category of the identity access management that involves use of multiple methods of authentication to verify a user’s identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Compromised credentials are the main cause of data breaches. Multi-factor authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks.

Advancements in biometric technologies, hardware and software applications, and cloud-based authentication services are projected to provide extensive growth opportunities to the market. However, issues related to cost and complexity involved in implementing MFA solutions and the ever-changing security regulations and compliances are expected to restrain market growth.

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https://www.grandviewresearch.com/industry-analysis/multi-factor-authentication-market

Further key findings from the report suggest:

North America and Europe were the key revenue contributors in 2017. The key factors contributing to the growth of the regions are advanced infrastructure and accelerated adoption of smart devices
The two factor authentication model will continue to dominate the market until 2025, representing more than 75.0% of the overall revenue.
The three factor authentication model is anticipated to exhibit the highest CAGR of close to 17.0% over the forecast period
The BFSI sector will be the most prominent application segment during the forecast period, followed by retail and e-commerce.
The Asia Pacific market is estimated to post a CAGR of about 19.0% over the forecast period
Increasing investments in cloud technologies, BYOD, and mobility solutions are poised to provide a fillip to the multi-factor authentication market
The key market players include RSA Security, Symantec Corporation, CA Technologies, Gemalto, Safran, and Vasco Data Security International.

Robotic Nurse Assistant Market Size Worth $1,642.2 Million By 2026

The global robotic nurse assistant market size is expected to reach USD 1,642.2 million by 2026, according to a new report by Grand View Research, Inc. Rising geriatric population and decrease in the nurse-to-patient population are some of the factors contributing to the growth of robotic nurse assistant in the coming years. Rising research funding in healthcare robotics is expected to drive the demand for robotic nurse assistant over the forecast period.

Independence support robots dominated the product type segment with a market share of 42.7% in 2018. Growing geriatric population requiring continuous nursing assistance has increased the demand for independence support robots. On the other hand, daily care & transportation robots segment is expected to witness the fastest CAGR between 2019 to 2026. The ability to automate repetitive tasks with great accuracy is one of the major factors driving the growth of this segment.

Hospitals and clinics dominated the end-use segment in 2018, with a revenue of USD 182.4 million and are expected to remain the largest segment over the forecast period. Senior care facilities segment is anticipated to witness the fastest growth, with a CAGR from 2019 to 2026 owing to the rising need for intensive patient care to the elderly and disabled population.

North America dominated the robotic nurse assistant market with the revenue share of 40.5% in 2018, owing to higher economic capabilities of hospitals and clinics to invest in robotic nurses. This region is anticipated to witness lucrative growth due to its expanding geriatric population, which is directly responsible for the rising demand for robotic nurse assistants. The U.S. dominates the North America market with 87.8% revenue share in 2018. High healthcare expenditure and well-established healthcare infrastructure are some major factors driving the demand for robotic nurse assistant in this region between 2019 to 2026.

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https://www.grandviewresearch.com/industry-analysis/robotic-nurse-assistant-market

Further Key Findings From the Report Suggest:

North America accounted for the largest revenue share 2018, owing to factors such as large geriatric population and rising need to maintain the ratio of nurses to patient’s population
Independent support robots segment dominated the product segment in 2018 owing to rising funding for the development of nurse assisting robots
Hospitals and clinics segment dominated the market with a revenue of USD 182.4 million due to growing adoption of healthcare robots for supporting elderly population
Some of the key market players in this market are Hstar Technologies, Diligent Robotics, Toyota Motor Corporation, RIKEN-SRK, SoftBank Robotics, Panasonic, Fraunhofer IPA, Aethon and others.

Medical Cameras Market Size Worth $18.06 Billion By 2025

The global medical cameras market size is expected to reach a value of USD 18.06 billion by 2025, according to a new report by Grand View Research, Inc. Medical cameras have gained an indispensable position in modern medicine. Images and videos released from medical cameras are currently used across life science applications where visual study requires documentation. These cameras find an array of application majorly in microscopy, ophthalmology, pathology, endoscopy, lab automation, biomedical research, rheumatology, and other specialties.

Dermatologist Inspecting Patient Skin Moles with Dermatoscope and Camera

These products ensure accurate diagnosis thereby facilitating the doctors to make precise and appropriate interpretations. Performance benchmarks are increasing to ensure better healthcare delivery, owing to the increasing private funding and investments in healthcare facilities and infrastructure. Consistent technological advancements coupled with increased acceptance and application of products is expected to exhibit good market growth during the forecast period. However, medical images and videos are highly sensitive healthcare records and hence use of camera technologies and products are restrained.

The market on the basis of application is witnessing significant growth in the endoscopy segment, owing to wide range of use in examinations of the gastrointestinal tract, the respiratory tract and other procedures such as laparoscopy, arthroscopy, cystoscopy, obstetrics, bronchoscopy, laryngoscopy, mediastinoscopy and others. By technology, digital imaging (2D/3D) segment occupied the largest market share, owing to several advantages such as instant examination of the images, and can be recaptured if necessary and no film purchase or development costs are involved.

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http://www.grandviewresearch.com/industry-analysis/medical-cameras-market

Further Key Findings From the Study Suggest:

Endoscopy is the largest segment, owing to the rising demand for minimally invasive surgeries and the increasing prevalence of diseases such as arthritis, cancer and cardiovascular diseases
The Digital imaging (3D/2D) technology holds the largest market share in the year 2015 that use CMOS / 3CCD image sensors. However, CMOS digital imaging is expected to replace CCD technology due to certain advantages such as less power consumption and increased consolidation.
Dermatology is anticipated to exhibit highest growth rate owing to increase in chronic dermatological diseases and complications and the subsequent rise in the use of medical cameras to diagnose dermatological conditions.
Asia-Pacific region is anticipated to record fastest growth owing to the continuous advancements in imaging technology, and increase in R&D in efforts to improve healthcare infrastructure. .
Some of the major key players in the medical cameras market include Carestream Health, Inc., Canon, Inc., Olympus Corporation, and Stryker Corporation.

Legionella Testing Market Size To Reach USD 352.6 Million By 2025

The global legionella testing market is expected to reach USD 352.6 million by 2025, according to a new study by Grand View Research Inc. The increasing prevalence of Legionella-related disorders, along with requirements of rapid diagnostic procedures, is expected to drive the industry growth.

According to the CDC, the number of people suffering from Legionnaires’ disease was 4,548 in 2013. The incidence of pneumonia and related disorders is constantly rising due to the contaminated environment. The rising incidence of Legionellosis will drive market growth in the coming years, especially in the industrial sector.

The conventional bacterial testing is least preferred nowadays since it is labor-intensive and time-consuming. Against the difficulties faced due to the conventional microbial testing methods, rapid automated tests are gaining popularity in the industry.

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http://www.grandviewresearch.com/industry-analysis/legionella-testing-market

Further Key Findings From the Study Suggest:

Water testing has been identified as the largest testing type segment in terms of revenue, due to increased water testing activities in various industries as a preventive measure to control infections
Water testing has also been projected as the fastest-growing segment over the forecast period followed by IVD testing
Among the types of water testing applications, microbial culture held the majority of market share in 2015 in terms of revenue
On the other hand, PCR is expected to be the fastest-growing water testing type over the forecast period
Urine antigen tests were identified as the largest IVD testing segment, while PCR is projected to be the fastest-growing segment
Key market players in Legionella testing market include Beckman Coulter, Inc.; Bio-Rad Laboratories, Inc.; Alere, Inc.; Roche Diagnostics; Thermo Fischer Scientific, Inc.; and Becton, Dickinson and Company (BD)

Smart Air Purifier Market Worth $4.71 Billion By 2025

The global smart air purifier market size is expected to reach USD 4.71 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.2% during the forecast period. Rising efforts to eradicate airborne diseases and to maintain clean and healthy environment are anticipated to drive the growth. Rise in pollution levels across the world is a major factor driving the demand for anti-pollution products including smart air purifiers.

Smart air purifiers help monitor and control the air quality through a smartphone enabled app which also provide live reading of air quality data. The products also help track indoor air quality over a period of time enabling consumers to observe the time of the day with the best and worst air quality. Air purifiers are used to eliminate dust, dust mites, mold, pet dander, smoke particles, vehicle exhaust, cooking smoke, and gaseous pollutants among others in a specific area. Rising smoke and PM2.5 levels are anticipated to drive the demand for air filtration and purifier products.

According to the World Health Organization (WHO), indoor and outdoor air pollution together lead to around 7 million premature deaths every year. Indoor air pollution leads to around 3.8 million premature deaths every year. These figures highlight the importance for air purifiers as an aid to reduce the impact of indoor air pollution. Manufacturers are constantly striving to launch new and innovative products to meet the growing product demand.

High Efficiency Particulate Air (HEPA) filter technology held a market share of 85.4% owing to the effectiveness of the technology across residential as well as commercial segment. These filters are small, portable, and usually work for a single-room space. These air filters can eradicate 99.97% of pollution particles.

Commercial application segment is expected to witness highest growth at a CAGR of 12.3% from 2019 to 2025 owing to rising investments by the key players. According to study from Harvard, people working in well ventilated areas with minimal level of indoor pollutants have higher cognitive functioning compared to offices with typical pollutant levels. Improved air quality also results in increased productivity. Rising focus on reducing carbon footprint of commercial buildings is anticipated to play a major role in driving the growth of this segment.

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https://www.grandviewresearch.com/industry-analysis/smart-air-purifier-market

Further key findings from the report suggest:

In terms of regional revenue, Asia Pacific held the largest share of the smart air purifier market In 2018
HEPA filter segment is expected to expand at a CAGR of 12.3% due to rise in demand from the residential segment
Commercial application category held a market share of about 33.0% in terms of revenue in 2018
The market is highly competitive in nature with the presence of key players including Honeywell International Inc.; Koninklijke Philips N.V.; Sunbeam Products, Inc.; Xiaomi Corporation; Blueair; COWAYCO.,LTD.; Whirlpool; Americair Corporation; and Sharp Corporation

Ethylene Glycols Market Is Expected to Reach USD 33.36 Billion by 2020

The global market for ethylene glycol is expected to reach USD 33.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for polyethylene terephthalate (PET) for packaging applications, primarily in Asia Pacific and Latin America is expected to remain a key driving factor for the market. In addition, growth from the global textiles industry is also expected to support the ethylene glycol market development over the forecast period. Volatile prices and tight supply of raw materials, on account of frequent fluctuations in crude oil prices, are expected to inhibit the market growth over the next six years.

Monoethylene glycol (MEG) emerged as the leading product segment and accounted for 89.9% of total market volume in 2013. MEG in addition to being the largest product segment is also expected to be the fastest-growing ethylene glycol at an estimated CAGR of 4.8% from 2014 to 2020. MEG is mainly used for manufacturing PET and growth of the global beverages market is expected to drive the demand for MEG over the forecast period. Global market for di-ethylene glycol (DEG) is expected to reach USD 337.1 million by 2020.

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http://www.grandviewresearch.com/industry-analysis/ethylene-glycols-industry

Further key findings from the study suggest:

The global market volume for ethylene glycols was 16,511 kilo tons in 2013 and is expected to reach 22,815.4 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
PET emerged as the leading application market for ethylene glycols and accounted for 44.2% of total market volume in 2013. Growth of the beverages industry mainly in Asia Pacific and Latin America is expected to drive this market over the next six years. Polyester fibers are expected to be the fastest-growing market for ethylene glycols at an estimated CAGR of 5.1% from 2014 to 2020.
Asia Pacific dominated the global ethylene glycols market and accounted for 66.5% of total market volume in 2013. Asia Pacific along with being the largest market is also expected to be the fastest-growing market for ethylene glycols at an estimated CAGR of 4.9% from 2014 to 2020. This can be attributed to the growth of textile and automotive industries in the region. North America and European markets for ethylene glycols have reached their saturation point and are expected to grow at relatively lower growth rates over the forecast period.
The global market for ethylene glycol is fairly concentrated with the top four companies operating in the market including SABIC, Dow Chemical Company, Sinopec and Shell Chemical accounted for over 50% of the total market in 2013. Other companies operating in the market include Formosa Plastics Group, Honam Petrochemicals, and Ineos.

Pet Food Market Size Worth $113.08 Billion By 2025

The global pet food market size is expected to reach USD 113.08 billion by 2025, as per a new report by Grand View Research Inc. Packaged pet food provides standard nutritional value required in pet’s daily life. This is projected to drive market growth over the forecast period.

The demand for pet medicines, food, and accessories has been increasing with an increase in the adoption of cats and dogs. According to the American Pet Product Association, a cat or dog owner, on an average, spends between USD 200 and USD 300 dollar on pet food annually.

In 2018, Europe emerged as the largest market for pet food. The growth in this region can be accredited to strong presence of major industry participants along with high number of pet population. Increasing demand for premium pet foods is projected to drive the industry growth in the region.

Introduction to the new processing technologies along with the automated systems for the production of ingredients is anticipated to drive the growth of the market in the forthcoming years. Additionally, there is an upsurge in the adoption of drying technologies to preserve temperature sensitive ingredients.

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https://www.grandviewresearch.com/industry-analysis/pet-food-industry

Further key findings from the report suggest:

Rabies is another most severe disease that humans get from dogs and cats, which affects a lot of people and eventually reduces the trend afterward supported by improved medical treatments for human health diseases and preventive health disease medicines for pets
High cost of the product, particularly meat-based protein canned food, may restrict its preference among consumers, thereby restraining the segment growth over the forecast period
Manufacturers are constantly focusing on entering the premium food products segment and thereby improving their overall profit margin, which is leading the pet food market to foresee immense growth in the coming years
Many people suffer from different pet-related allergies and, therefore, do not prefer to keep pets and this factor is expected to hamper the growth of the pet food industry in the estimated time frame
According to the American Pet Product Association, a cat or dog owner, on an average, spends between USD 200 and USD 300 dollar on pet food annually, owing to massive attachment toward the pets

Scratch Resistant Glass Market Size Worth $8.17 Billion By 2025

The global scratch resistant glass market size is expected to reach USD 8.17 billion by 2025, according to a new report by Grand View Research, Inc. The growing sales for premium smartphones coupled with growing concerns regarding screen strength is expected to drive market growth.

The demand for scratch resistant glass is the highest LCD/LED manufacturing. The growing demand for sapphire glass and gorilla glass in display applications is expected to drive market growth over the forecast period. The introduction of new display devices with high resolution and increased screen size is boosting the application of scratch resistant glass as these products require glass equipped with anti-cracking properties.

North America accounted for the maximum market share owing to rise in startups involved in the manufacturing of sustainable lighting solutions and connected devices under the Internet of things (IoT) product category. The growing demand for OLED’s and wearables is expected to further augment the consumption of scratch resistant glass over the forecast period. Asia Pacific market is expected to grow rapidly over the forecast period owing to rising demand for budget smartphones.

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http://www.grandviewresearch.com/industry-analysis/scratch-resistant-glass-market

Further key findings from the report suggest:

Smartphone application segment is anticipated to grow at a CAGR of 10.8% from 2017 to 2025 owing to increasing demand for smartphones with high screen toughness.
Automotive application segment is projected to grow at a CAGR of 9.9% from 2017 to 2025 owing to research on in car infotainment and improving the passenger safety.
Asia Pacific scratch resistant glass market share is expected to reach over 30% in 2025 owing to rise in local demand backed by growing smartphone manufacturing activity in the region.
Middle East & Africa is projected to grow at a CAGR of 8.1% from 2017 to 2025 owing to growing demand for smartphones and LED lighting solutions.
The market players are engaged in research on developing technologies for the manufacturing of products at an affordable price as consumers still prefer screen protector films.

Bag On Valve Products Market Size Worth $9.55 Billion By 2025

The global bag on valve products market size is expected to reach USD 9.55 billion by 2025, registering a 6.8% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for personal care, household care pharmaceutical, and other products coupled with advanced packaging offered by the product is likely to benefit the industry growth.

Factors such as changing lifestyle, growing disposable incomes are likely to boost the demand for personal care products including deodorants, liquid soap & shampoo, hair gels & shaving, and cosmetics. In addition, the demand for advanced packaging solutions and minimum product wastage is projected to propel the market.

The bag on valve packaging offers superior benefits such as benefits such minimum product wastage, ease in usage and convenience in carrying. In addition, the bag on valve packaging technology helps in achieving a zero amount of product contamination, which is likely to stimulate the demand for the products leading to growth over the next seven years.

The introduction of fully recyclable bag on valve products augments their demand in various application segments including pharmaceuticals, food & beverage, automotive and industrial. Limited requirement of aerosol propellants in the aforementioned packaging is expected to fuel the substitution of conventional aerosols which in turn is expected to fuel growth.

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https://www.grandviewresearch.com/industry-analysis/bag-on-valve-products-market

Further key findings from the report suggest:

The bag on valve products in pharmaceutical sector accounted for a share of 37.9% in terms of revenue in 2018, owing to wide range of applications in products such as nasal spray, wound cleaners, among others
The food & beverage application segment is anticipated to grow at a CAGR of 7.6% from 2019 to 2025 and is projected to reach USD 2,295.9 million in 2025 owing to widespread adoption of the product drive by ease in dispensing
Asia-Pacific bag on valve products market is estimated to grow at a CAGR of 8.2% from 2019 to 2025 on account of rapid expansion of the manufacturing sector coupled with increased spending power of the consumers in the region
The technological advancements in North America coupled with the demand for convenient packaging solutions is anticipated to benefit the regional market growth which is expected to exhibit a CAGR of 7.2% over the forecast period
Market participants across the globe have increased their R&D spending in order to develop highly efficient products for various applications in a bid to facilitate product adoption by the consumer industries

U.S PMMA Film And Sheet Market Size Worth $1.11 Billion By 2025

The U.S. polymethyl methacrylate film & sheet market size is expected to reach USD 1.11 Billion by 2025, according to a new report by Grand View Research, Inc. The proliferation of high-speed internet has driven online retail and shopping trends, positively impacting the demand for LED displays and communication signage in physical retail stores, to compete with these virtual outlets.

What Is PMMA?

PMMA (poly (methyl methacrylate)), commonly known as acrylic, is a transparent thermoplastic that is generally used as a lightweight-shatter-resistant glass alternative. PMMA has various other names such as acrylic glass and plexiglass, and is sold under various brand names such as Plexiglas, Lucite, Perclax, Crylux, Acrylite and Perspex. The material is formed through the polymerization of methyl methacrylate (MMA) monomer. Besides being a glass-alternative, it can also be used as a casting resin, or in coatings and inks.

Innovations such as anti-algae coatings, non-yellowing sheets that offer high protection against UV and rain, and unusual design flexibility offered for construction applications have also contributed to industry growth in recent years. Among all the thermoplastics, this particular plastic possesses the highest surface hardness and is different from conventional plastics owing to its unique properties such as high transparency, UV resistance, high durability and recyclability.

Properties & Manufacturing

PMMA is completely recyclable as it can be broken down into its constituent parts by using the special thermal process. The product is heated to around 400 degrees Celsius to obtain the staring material methyl methacrylate (MMA). On distillation of the liquid MMA to over 99% purity we get the original material back which can be used again as a starting material. It is an economical alternative for polycarbonate, in matters of flexural strength, tensile strength, UV tolerance and transparency. Another advantage over polycarbonate is that PMMA does not contain bisphenol-A subunits, which are potentially harmful.

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https://www.grandviewresearch.com/industry-analysis/us-polymethyl-methacrylate-pmma-film-sheet-market

Further key findings from the report suggest

The automotive and advertising sectors have seen growth in the popularity of bio-based PMMA, on account of the low toxicity of PMMA and its high biodegradability.
There has been heavy spending in the construction sector in the United States, as there has been further improvement in the living standards owing to decreasing unemployment. This again has contributed to the demand growth for the product.
Another area where PMMA films and sheets have found heavy usage is defense and aerospace, and with the U.S. being a heavy spender in these areas, the product is expected to witness high demand.
PMMA sheets and films offer high design flexibility and scratch resistance, and this is again conducive to its growth in the region, with the U.S. being a leading vehicle manufacturing region.
The major market players include Evonik Industries, Arkema Group, Lucite International, Unigel Group, Plazit-Polygal Group, PolyOne Corporation, SABIC and Plaskolite.