Tag: Philippines

Skin Resurfacing Market Size Worth $378.4 Million By 2027

The global skin resurfacing market size is expected to reach a value of USD 378.4 million by 2027, expanding at a CAGR of 7.2%, according to a new report by Grand View Research, Inc. High incidence of medical conditions such as acne in adolescents and a rapidly aging population is anticipated to drive the market.

High influence of social media and rise in usage of smartphones and photo editing applications is anticipated to fuel a desire for flawless and glowing face, thereby increasing the demand for the rejuvenation services. For instance, Facebook, YouTube, Instagram, and Pinterest are not only some of the most used social media platforms among cosmetic surgery patients, but also the most engaging platforms for information search regarding cosmetic procedures, before and after photographs, practice information, and beauty contests.

According to the article published by the NYP Holdings, Inc., nearly 28.0% of the females below 25 years of age, nearly 42.0% of the females between 25-34 years of age, and 54.0% of females between 35-44 years of age worry about aging. This rise in desire for eternal youthful appearance coupled with the rapidly aging population and unhealthy lifestyle is anticipated to fuel the need for corrective cosmetic treatments.

North America dominated the market and accounted for largest market share in 2019. This is attributed to rising disposable income and availability of technologically advanced medical devices in the region. In addition, presence of skilled professionals is also driving the market in the region. Asia Pacific is anticipated to witness highest CAGR over the forecast period. This is attributed to growth of medical tourism and availability of rejuvenation procedures at affordable costs in the region. In addition, increasing aging population and rising beauty consciousness is anticipated to drive the market in the region over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/skin-resurfacing-market

Further key findings from the report suggest:

  • Non-ablative lasers are anticipated to grow at a rapid pace over the forecast period due to the increasing demand for non- invasive procedures
  • Ablative held the largest market share in 2019 due to its application in a range of rejuvenating procedures
  • Laser skin resurfacing machines dominated the market in 2019. This can be attributed to the technological advancements in these machines
  • The wrinkles segment is anticipated to witness lucrative growth over the forecast period owing to rise in adoption of unhealthy lifestyle and sun exposure leading to premature aging
  • Others end-use segment, which mainly includes ambulatory surgical centers, beauty salons, and medical spas held significant market share in 2019
  • North America dominated the market in 2019 owing to the presence of skilled professionals and the availability of technologically advanced products
  • In Asia Pacific, the market is anticipated to witness a remunerative growth over the forecast period owing to the availability of cosmetic procedures at a relatively low cost.

Dental Biomaterials Market Size Worth $12.3 Billion By 2027

The global dental biomaterials market size is expected to reach USD 12.3 billion by 2027, expanding at a CAGR of 6.2%, according to a new report by Grand View Research, Inc. Rising prevalence of tooth disorder is one of the major factors contributing to market growth. Dental biomaterials include biocompatible synthetic materials and natural tissues to restore tooth decay, damage, and fractures problems. As the geriatric population worldwide affected by tooth decay is huge despite significant advances in tooth restoration and caries prevention, the rising incidence of tooth disorder continues to pose a considerable burden to healthcare. In such cases, biological materials play an important role in the restoration of the damaged tooth structure.

Also, increasing dental tourism and rising disposable income in developing countries are some of the major factors responsible for market growth during the assessment period. Further, due to the rising penetration of tooth implants, various companies are shifting their focus on research and development of dental biological materials. Also, the growing geriatric population and development in the field are some of the major factors contributing to the growth of the market.

North America dominated the market and accounted for about 36.0% of the market share in 2019. Growing government expenditure on oral health and increasing adoption of dental biological materials to produce implants is expected to be one of the major factors contributing to market growth in this region.

Whereas, Asia Pacific is anticipated to witness rapid growth during the forecast period due to improved regulatory framework, and an increase in the number of hospitals and clinics dealing in tooth disorders.This can be attributed to increased opportunities for players, especially in Japan, China, and India.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/dental-biomaterials-market

Further key findings from the report suggest:

  • The ceramic biomaterial segment dominated the market with revenue share of 36.0% in 2019 due to the rising penetration of tooth implants and the increasing use of ceramic biological material in dentistry
  • The composite biomaterials segment is anticipated to witness the highest CAGR of 6.7% over the forecast period due to recent technological development
  • North America dominated the market in 2019. Growing government expenditure on oral health is one of the major factors driving the market in the region
  • In Asia Pacific, the market is projected to witness the fastest growth during the forecast period owing to the increasing incidence of tooth disorder in the region.

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.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/neonatal-critical-care-equipment-market

Further key findings from the report 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.

Oral Syringes Market Size Worth $868.6 Million By 2027

The global oral syringes market size is expected to reach USD 868.6 million by 2027, expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. The ability to deliver an accurate amount of medication, increase in the pediatric and geriatric surgeries, and the easy usability of the oral syringes are expected to propel market growth over the forecast period. In addition, recent development in the design and increase in the demand are expected to contribute to market growth.

Medication errors in the pediatric population are also expected to drive the market. According to the article published in the U.S. Pharmacist in 2019, approximately 200,000 medication errors are reported to the U.S. poison control centers every year and about 30.0% of cases are related to children. Unlike most drugs for adults, children’s medications are often liquid and administration of liquid medication by cups and spoons leads to serious errors. To reduce the incidence of medication errors in children, most of the healthcare agencies are promoting the use of the dispensers worldwide. For instance, the Institute for Safe Use of Medications (ISMP) publishes periodical newsletters and educational programs to increase the awareness regarding the dispenser in Spain.

In addition, rise in the birth rate across the world, minimum regulation for the consumable devices, and easy usability of the dispenser are expected to drive the market over the forecast period. Furthermore, benefits such as high reliability and dose accuracy over cups or droppers are increasing demand for the dispensers in the industry. According to survey conducted by the National Center for Biotechnology Information, most of the children’s hospitals and residency hospitals use oral syringes in U.S.

North America accounted for the highest market share in 2019 owing to advanced healthcare system and growing prevalence of chronic diseases in the country. In addition, the presence of major players in the region contributed to market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/oral-syringes-market

Further key findings from the study suggest:

  • By type, the clear oral syringes segment held the largest market share in 2019 owing to the low price in the industry
  • Reusable oral syringes held the largest market share of 51.0% in 2019 owing to their affordability and ability to pre-sterilize
  • The hospital segment held the largest market share due to the increase in the number of hospitalization throughout the world
  • Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to a large number of pediatric population and increase in the awareness in the region.

Smart Fitness Devices Market Size Worth $29.4 Billion By 2025

The global smart fitness devices market is expected to reach USD 29.4 billion by 2025, according to a new report by Grand View Research, Inc. The smart fitness devices market has witnessed a rising demand among the growing urban population in a bid to enhance their fitness goals. Advantages such as accessing fitness activities data in remote and real-time operations have resulted in an increased penetration of the market. Additionally, there are tremendous opportunities for advancements in the smart fitness devices owing to the increasing usage of smartphones and enhanced internet accessibility, which, in turn, would fuel the growth of smart fitness market. The growing adoption of the smart fitness devices to keep track of sleep, steps, calories, heart rate, and other bodily stats is anticipated to revolutionize the market by 2025.

The smart fitness devices market has been segmented based on product into the smartwatch, wristband, smart clothing, smart shoes, bike computers, and others. Based on types, the market has been segmented into head-wear, torso-wear, hand-wear, leg-wear, and bike mount. The hand-wear segment is the biggest segment in terms of size and is expected to dominate the market over the forecast period. This growth may be attributed to the high demand of wristbands and smartwatches. The torso-wear segment is anticipated to experience a notable shift in its growth owing to the rising demand for smart clothing.

The growing awareness and popularity of smart fitness products are encouraging producers to invest in research & development for creating better products. Manufacturers are making massive investments to develop several new products in order to enhance user experience. Researchers are focusing on developing cost-effective and reliable products.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/smart-fitness-devices-market

Further key findings from the report suggest:

  • The growing demand for smart fitness devices market can be accredited to the increasing demand among individuals for keeping track of various body parameters such as heart rate, sleep, steps taken, calories burned, and others.
  • The growing penetration of Internet of Things (IoT) and enhanced internet accessibility, which helps to direct digital controls for improved Machine-to-Machine (M2M) communication, have encouraged users to adopt smart fitness devices.
  • The increase in adoption of wireless technology, sensor technology, miniaturized hardware, cloud services, and smartphone have enabled smart fitness market to emerge as a new promising consumer segment.
  • The North American region accounted for the largest market share in 2016, which may be attributed to its large consumer base.
  • Key industry participants include Apple Inc. (U.S.), Fitbit Inc. (U.S.), Garmin Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Xiaomi Inc. (China).

Fiber Optics Market Size Worth $9.1 Billion By 2025

The global fiber optics market size is expected to reach USD 9.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.6% over the forecast period. Rising government funding to develop secure infrastructures is anticipated to drive the adoption.

fiber optic

Rising terrorism is appealing government authorities and defense services of different countries to take initiatives and stringent steps to curb down such occurrences. This has led to the evolution and adoption of technologies such as body cams, wearables, and other responders that keep the security personnel connected, irrespective of user location and user fiber optics for communications. The concept of Internet of Everything (IoE) is attracting security sector owing to increasing awareness regarding effectiveness and efficiency of the technology that aids in curbing national issues, such as riots, massacres, killings, and other criminal offenses. Need for high-speed internet, which is capable of efficiently transmitting the data, is anticipated to grow with increasing demand for IoE.

Growth prospects for fiber optics technology in telecommunications sector appears to be promising due to its growing adoption in communication and data transmission services. Fiber optics enable high-speed data transfer services in both small and long-range communications. It also serves as a medium to cope with increasing bandwidth requirements associated with broadband services, network operators, and broadband connection providers. Rising implementation of fiber optic components in distribution cables, trunk cable forms, high density interconnect cables, and standard patch cords is expected to enhance the demand from telecom sector.

Furthermore, high initial acquisition and installation costs are hindering growth of the fiber optics market. An optical fiber system consists of a variety of components such as optical cables, transmitters, and receivers. Installation of the entire system is a labor-intensive process, especially installation of the network for underground and undersea connections is one of costliest and tedious procedures. Fiber optics, with their advancements, have overtaken the copper-cable transmission. However, installation process to deploy the optical networks, being an extremely high-cost part, is expected to hamper the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fiber-optics-market

Further key findings from the study suggest:

  • Governments of developed countries such as U.S., U.K, Germany, China, and Japan are heavily investing in security infrastructures at domestic levels. This is eventually necessitating funding for technologies, majorly across the fiber optics that would enhance the telecommunication sector infrastructure with better security measures. Therefore, the government funding in infrastructure is driving the market
  • Plastic optical fiber segment is projected to expand at a CAGR of 7.0% over the forecast period. POF differs from its single and multimode counterparts on the basis of the core materials used in POF cable construction. While single and multimode fiber optics have a glass core, POF cables have a polymer core. This offers a dynamic application portfolio, along with cost saving
  • Market participants are diversifying their product portfolio through their innovative offerings. In March 2018, Corning, Inc. launched a new product Corning TXF Optical Fiber that would enable high data-rate transmission over longer spans and extended reach for improved network flexibility and lower network cost
  • Corning Incorporated, Optical Cable Corporation (OCC), Sterlite Technologies Limited, OFS Fitel, LLC, Prysmian Group, AFL, Birla Furukawa Fiber Optics Limited, Finolex Cables Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC) among others are the key players in the fiber optics market.

Marketing Automation Market Size Worth $8.42 Billion By 2027

The global marketing automation market size is expected to reach USD 8.42 billion by 2027, expanding at a CAGR of 9.8% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Owing to the rising significance of automation solutions in marketing and sales to increase revenue and average deal size, target customers across multiple channels, and retain customers, the market will witness healthy growth. Moreover, the marketing automation solutions help automate repetitive, monotonous tasks such as emails, social media, and other website functions. Technological advancements, such as Artificial Intelligence (AI) and data science, the use of analytics in marketing and sales is also likely to boost the growth prospects of the market over the forecast period.

A recent survey suggests that there were around 3.9 billion email users and about 3.5 billion social media users in 2019. Email marketing is still one of the primary channels of marketing, wherein the scope of automation in the segment will remain highly effective. Generally, email marketing involves sending newsletters, solicit sales, request donations, advertisements, and request businesses via emails. Automation technology in email marketing has proved beneficial and helpful in generating quality leads, and successful implementation of marketing campaigns. The rise of social media and the rapid penetration of mobile and smart devices will foster the marketing solutions and its automation over the forecast period.

Growing demand for marketing automation solutions is likely to drive huge investments in the industry. Large technology companies are aggressively acquiring smaller tech startups and companies to gain an advantage and establish market dominance. Moreover, an industrial survey of usage of marketing automation solutions suggests that on average, 50% of companies are currently using marketing automation. More than half of B2B companies are planning to implement the automation technology for its marketing and sales purposes in the coming years. Thus, the rising demand for marketing automation among B2B companies, increasing internet penetration and subsequent digitalization of industries is likely to boost the market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/marketing-automation-software-market

Further key findings from the report suggest:

  • The reporting and analytics segment is likely to dominate the marketing automation market in the coming years. Increasing use of artificial intelligence and machine learning to engage with customers through various channels such as messaging, voice, and IoT devices are some of the key driving factors
  • Cloud deployment was the most preferred way of deploying the software in 2019, and the segment is predicted to maintain its dominance over the next eight years. Growth in cloud computing technology and its services such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) will foster the growth
  • The small and medium enterprises segment is anticipated to be the fastest growing segment over the forecast period. Innovation in marketing strategies, increase in productivity, and customer retention are some of the factors that are propelling SMEs to adopt marketing automation solutions
  • Discrete manufacturing is anticipated to emerge as the fastest growing segment by 2027. Integration of CRM with marketing service solutions to eliminate redundant tasks and to retain customers is likely to promote the applications of marketing automation among manufacturers
  • Asia Pacific is expected to experience the highest growth over the forecast period, attributed to the presence of emerging economies such as India and China, who possess large customer base. Moreover, increasing awareness about the marketing tools and services, growing penetration of internet, rise in number of social media platforms, and usage of smart devices is likely to promote the growth
  • Market comprises of some prominent players such as Adobe Inc.; Cognizant; Act-On Software, Inc.; HubSpot, Inc.; Oracle Corporation; Salesforce.com, Inc.; IBM Corporation; Keap; Marketo, Inc.; and Teradata Corporation; among others. Moreover, large vendors are observed acquiring other players to consolidate their market share and expand their existing portfolio

Printed And Chipless RFID Market Worth $15.3 Billion By 2022

The global printed and chipless RFID market is expected to reach USD 15.3 billion by 2022, according to a new study by Grand View Research, Inc. Development of affordable tags owing to simplified manufacturing technology and decreased manufacturing time have contributed significantly to chipless RFID market growth over the forecast period. Compatibility with existing infrastructure with equal efficiency as chip-based tags saves the additional cost of new system installation.

Suppliers have realized the need for efficient solutions in various applications such as smart cards, supply chain, pharmaceutical, and retail. The pharmaceutical industry is replacing chip-based tag with chipless tags due to high unit prices, which is expected to favorably impact the industry.

Chipless RFID provides various solutions including anti-counterfeiting and asset tracking to avoid theft in retail. Government initiatives for e-passports, increasing electronic transactions, dynamic conditions in the aviation industry, and increased revenue by customer delights are some of the drivers expected to favorably impact chipless RFID market growth.

High initial cost of system implementation is expected to pose a challenge to technology adoption. Implementation cost is anticipated to decrease over the next few years owing to technological advancement and increase in players offering solutions at competitive prices.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/chipless-rfid-radio-frequency-identification-market

Further key findings from the report suggest:

  • Growth in public transit industry is expected to drive printed and chipless RFID market demand in transportation applications. In these applications, use of contact and contactless smart cards increases the operational efficiency of the overall transportation system and saves travel time. Contact-based cards need to have a physical contact with the reader; however, they can be placed in close proximity of the reader to initiate the communication process.
  • In retail, the technology is used for stock tracking, supply chain management, check product availability, reverse logistics and reducing loss due to shrinkage. The segment contributed to over 25% of the global revenue in 2014.
  • Government departments in collaboration with other agencies have initiated research and development projects. Asia Pacific printed and chipless RFID market is expected to exhibit CAGR of over 30% from 2015 to 2022, primarily due to high growth prospects in regions such as China and India.
  • Zebra Technologies acquired Motorola Solutions Enterprise Business in October 2014. Through this acquisition, Zebra has gained Motorola’s mobile computing, bar coding, card printing, cloud-based devices, and RFID hardware businesses. The global industry comprises other notable players include Impinj Corporation, Alien Technology, Intermec, and TAGSYS.
  • Players in the industry practice high degree of innovation to offer unique solutions. Key competitive factors include the design, breadth, and quality of products and services, warranty coverage, product and service availability, product performance, brand recognition, company relationships with customers, and go-to-market channel partners and company reputation.

Intragastric Balloon Market Size Worth $90.5 Million By 2027

The global intragastric balloon market size is expected to reach USD 90.5 million by 2027, expanding at a CAGR of 12.1% over the forecast period, according to a new report by Grand View Research, Inc. Rise in obesity and increasing demand for minimally invasive procedures are the key factors driving the market.

Intragastric balloons are one of the most widely adopted endoscopic bariatric therapy devices in the clinical settings. This can be attributed to complications associated with surgical weight loss treatments and the low eligibility criteria for surgical options, thus leading to a rise in demand for effective minimally invasive weight-loss treatment options.

Safety concerns associated with intragastric balloons are anticipated to make the regulatory framework more stringent for pre-market and post-market scrutiny process of these devices. For instance, in 2019, Apollo Endosurgery Inc. revised the labeling of its Orbera intragastric balloon system to include contradiction clarifications, precautions related to anticholinergic and psychotropic medications, and updated U.S. adverse event tables after it received FDA safety letter.

Nonetheless, extensive research activities related to the development of innovative and novel systems and up-gradation of existing intragastric balloons to overcome the shortcomings of the traditional systems are anticipated to facilitate the intragastric balloon market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/intragastric-balloon-market

Further key findings from the study suggest:

  • According to the American Society for Metabolic and Bariatric Surgery (ASMBS) data, nearly 5,000 intragastric balloon implantations have been conducted since the U.S. FDA approval
  • The single balloon type segment held the largest share in the market in 2019. The triple type is expected to witness significant growth over the forecast period
  • By filling material, gas-filled systems are anticipated to witness lucrative growth over the forecast period
  • Based on end use, hospitals held a significant share in 2019. Ambulatory surgical centers are expected to witness considerable growth from 2020 – 2027
  • On the basis of administration, endoscopy held the dominant market share in 2019. Pill form is expected to witness lucrative growth over the forecast period
  • North America dominated the intragastric balloon market in 2019 due to the presence of a large obese population and high adoption of bariatric procedures. Asia Pacific is expected to witness remunerative growth over the forecast period
  • Some of the key companies operating in the market are Apollo Endosurgery, Inc.; Obalon Therapeutics, Inc; ReShape Medical, Inc; Allurion Technologies, Inc.; Spatz3; Helioscopie; Endalis; MEDSIL; and Lexel Medical
  • As of January 2019, Apollo Endosurgery, Inc. has discontinued the sales and distribution of its ReShape Balloon.

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.

Click the link below:
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.