Biosimulation Market Size Worth $3.77 Billion By 2024

The global biosimulation market size is expected to reach USD 3.77 billion by 2024, according to a new report by Grand View Research, Inc., registering a CAGR of 15.4% during the forecast period. Soaring need for advanced generation therapeutics owing to the growing prevalence of chronic diseases, such as cancer and diabetes, is stoking the growth of the biosimulation market.

Moreover, the rising geriatric population worldwide is playing an imperative role in the growth of the market. Aged people are highly susceptible to chronic diseases, which is augmenting the need for highly efficacious drugs. In addition, a growing number of drug resistance cases, high drug relapse rates, and limited availability drugs to treat diseases such as AIDS are leading to high clinical urgency for the adoption of biosimulation in applications such as drug development and drug discovery.

Surging demand for biosimulation software and services can also be attributed to their higher cost-efficiency. This cost efficiency is a result of ability to predict toxicity, adverse reactions, and efficacy of investigational drugs during early stages of product development, thus limiting the probability of drug relapse & adverse events at later stages.

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

Further key findings from the report suggest:

Software accounted for the largest share of the product segment in 2015 owing to growing adoption in personalized medicine resulting in improved patient outcomes
The services segment is expected to exhibit growth at a significant CAGR as a consequence of rising inclination of the big pharmaceutical companies to outsource their biosimulation process so as to reduce the overall cost
The drug discovery segment is predicted to witness a lucrative CAGR throughout the forecast period owing to the elimination of probable drug failures and prediction of unfavorable drug interactions
Drug development accounted for the largest share owing to growing usage of in silico software by major pharmaceutical & biotechnology companies for increased drug efficacy of their existing products by identification and evaluation of optimal synergistic combinations & dosage forms
In 2015, the pharmaceutical and biotechnology companies held a substantial share owing to growing efforts to develop better treatment options at a cheaper and faster rate through in silico biology models
Academic research institutes are anticipated to grow at consistent rate owing to the presence of various academic research groups involved in complex biological systems studies that use computer models, such as by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK)
In 2015, North America accounted for the majority share of the overall market as a result of increased usage of in silico models by regulatory authorities to ensure patient safety
Asia Pacific is predicted to spearhead the market as a consequence of increasing outsourcing research activities across this region
Key players are deploying collaborative strategies and expansion of product portfolio to capture a large share. For instance, in April 2016, Simulation Plus, Inc. introduced DDDPlus Version 5.0, an in-vitro dissolution experiment software that helps researchers in study of different drug dosage forms

Point of Care Testing Market Worth $24.1 Billion By 2027

The global point of care diagnostics market size is expected to reach USD 24.1 billion by 2027, expanding at a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Continuous advancement in the development of highly sensitive and specific miniaturized biosensors, based on microfluidic systems along with handheld devices, is anticipated to drive the market. These systems are capable of automation, integration, and multiplex detection, suitable for use in areas without well-trained professionals.

These tests have emerged as an indispensable part of modern healthcare, as it improves the quality, accuracy, availability, and affordability of patient care. The uptake of POC devices is rapidly progressing due to the incorporation of advanced technologies. For instance, in July 2019, HiberGene Diagnostics has outlined plans to develop a cost-effective POC testing system based on its licensed loop-mediated isothermal amplification technology.

The growing popularity of rapid testing in near-patient settings has positively impacted point of care testing market growth. The rise in investments to develop advanced rapid testing devices, such as single integrated user-friendly devices, fuels market progression. For instance, in February 2019, the Global Health Investment Fund (GHIF) granted USD 6 million to Atomo Diagnostics for the commercialization of its AtomoRapid diagnostic test platform.

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https://www.grandviewresearch.com/industry-analysis/point-of-care-poc-diagnostics-industry

Further key findings from the report suggest:

Glucose testing accounted for the largest revenue share owing to the high incidence rate of diabetes and the abundant usage of portable glucose meters
Cancer markers are expected to witness the fastest growth rate due to the extensive ongoing R&D activities related to cancer and growing demand for circulating tumor cells (CTC) – based cancer detection
POC tests offer several benefits as compared to conventional lab tests that lead to their high utilization rate in clinics, resulting in the largest revenue share of clinics
These benefits include reduced turnaround testing timeline, delivery of on-site results, minimal contact with clinical staff, and faster diagnosis
Continuous development of point of care devices, especially glucose meters, for home care settings, early detection, and prevention of diseases is expected to drive the home segment at the fastest growth rate
North America dominated the point of care testing market owing to the favorable government initiatives and programs related to lipid and blood sugar level testing that encourage the usage rate of point of care tests in this region
Key participants operating in this market include Danaher; Abbott Laboratories; bioMérieux SA; Trividia Health, Inc.; QIAGEN, F. Hoffmann-La Roche Ltd.; and Siemens
Companies are adopting several strategic developments related to the development of biosensors for point of care settings
For instance, in September 2019, BioMed X completed its collaboration with Roche Diagnostics for the development of nanomaterial-based biosensors for point of care testing

Bariatric Surgery Devices Market Size Worth $2.8 Billion By 2022

The global bariatric surgery devices market is expected to reach USD 2.8 billion by 2022, according to a new report by Grand View Research, Inc. The growing incidence rate of obesity has led to many government initiatives at regional as well as global level to increase awareness related to obesity and undertake various incidence curbing action plans. For instance, the South Wales government launched the NSW Healthy Eating and Active Living Strategy 2013-2018 for preventing obesity.

MODEL RELEASED. Slipped disc microendoscopy surgery. Surgeon performing an operation on a herniated (slipped) intervertebral disc using microendoscopic discectomy (MED) tools. A slipped disc is where an intervertebral disc between two of the vertebrae in

In addition, to strategic planning, the governments of developed nations are also funding universities to design strategic interventions to control rising obesity. For the year 2014, New Zealand invested USD 40 million for its Healthy Families NZ anti-obesity initiative. Moreover, industry players are also trying to tackle the rising problem of obesity by launching new products. In February 2017, a startup company, Allurion Technologies, located in Massachusetts, U.S. filed a regulatory filing to report the USD 19 million raised amount out of the target of USD 27 million. The funds were intended to use for the development of non-endoscopic gastric balloon, Ellipse. This device is in the form of a capsule which when swallowed, is inflated in the stomach and deflates after months and is passed out without the need for anesthesia for its removal. This device is anticipated to revolutionize the bariatric surgery devices market due to its ease of use over the forecast period

The demand for non-invasive surgeries is also increasing, as non-invasive surgeries save time, cost, and decrease hospital stay. Governments are also encouraging the use of more incisionless surgeries in order to decrease the cases of infection. For instance, in July 2015, the FDA approved a balloon device, where the balloon is directly swallowed using a sterile solution.

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

Further Key Findings From the Report Suggest:

Gastric bypass surgery dominated the market in 2014 due to its early adoption since 1960 and the fact that it is the combination of both restrictive and malabsorptive procedures.
The sleeve gastrectomy surgery is expected to witness a rapid rise in demand owing to, the procedure’s incision-less nature. The fact that the procedure does not involve re-routing the intestine is also likely to drive segment growth. With the FDA approval of the ReShape balloon, there has been a recent FDA filing for Ellipse device, which is swallowed and gets excreted naturally after four months.
North America was the largest regional market owing to the presence of market players introducing innovative technologies to improve patient care.
Favorable government initiatives are also expected to play pivotal roles in European market growth. For instance, the German Federal Ministry of Education and Research (BMBF) formed two funding research programs namely the Competence Network Obesity and Integrated Research and Treatment Center (IFB) Adiposity Diseases with budgets allocated at around USD 26 million for 2012-2015.
Asia Pacific followed North America in terms of obesity and overweight prevalence. This coupled with the presence of large untapped opportunities is expected to help the Asia Pacific bariatric surgery market register the fastest growth over the forecast period.
Some key players of this market include Covidien Plc, Intuitive Surgical Inc., TransEnterix Inc., Allergan Inc., USGI Medical Inc., Semiled Ltd., Cousin Biotech, GI Dynamics Inc., Johnson and Johnson, and Mediflex Surgical Product.

Intravascular Ultrasound Market Size Worth $474.3 Million By 2025

The global intravascular ultrasound (IVUS) market size is expected to reach USD 474.3 million by 2025 at a 6.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising investments in the medtech industry, increasing R&D activities, and surge in product launches are key factors driving the market.

Emerging economies have been offering new investment avenues to global market players. Developing healthcare infrastructure and increasing patient pool are driving demand for advanced medical devices in these countries.

Point of contact (POC) ultrasound is used for diagnostic procedures generally involving portable ultrasound devices. It is relatively cheaper and can be widely used in patient care. IVUS ultrasound is one such device, which is smaller and can be used to detect abnormalities in the vascular system.

Some of the key players in this market are Koninklijke Philips N.V.; GE Healthcare; Hitachi, Ltd., Fujifilm Medical Systems; Boston Scientific Corporation; Siemens Healthineers; and Canon Medical Systems Corporation.In June 2017, GE Healthcare and Heartflow announced a partnership for the diagnosis and treatment of coronary artery disease.

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https://www.grandviewresearch.com/industry-analysis/intravascular-ultrasound-ivus-devices-market

Further key findings from the report suggest:

The intravascular ultrasound market was valued at USD 298.9 million in 2017 and is expected to grow lucratively over the forecast period
By product, the accessories segment is anticipated to grow at the fastest rate over the forecast period. It is also the largest product segment
On the basis of end use, the diagnostic centers segment is anticipated to register the fastest growth over the forecast period, owing to increasing establishments of standalone diagnostic centers
Asia Pacific is expected to exhibit the highest CAGR of 7.7% over the forecast period owing to improved healthcare infrastructure, rising disposable income, and investments from global market players.

Food And Beverage Air Filtration Market Worth $1.75 Billion By 2024

The global food & beverage air filtration market is expected to reach USD 1.75 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of demand for the improved food quality has led manufacturers to upgrade the technology during the food production process, which is anticipated to increase the installation of air filters over the forecast period.

The air filters systems are used to remove various contaminants in the production stage. Few specialized filters, such as high-performance HEPA filters, help in removing germs and viruses, thereby producing sterile air. The food air filters minimize moisture and the resultant energy required for improving the efficiency of various processes, which is expected to drive the market growth extensively.

Filter manufacturers are also inspired to design efficient filter systems with the growing requirements and increasing stringent legislations emphasizing on hygiene in the food industry. Furthermore, improving the air quality in the production process along with reducing the levels of microorganisms have also become few of the major concerns for food manufacturers, which will boost the food and beverage air filters industry over the forecast period.

The stringent government regulations for food safety and growing health concerns have mandated the food producers to implement enhanced filtration methods. The increasing need to reduce energy consumption across several industrial applications is anticipated to elevate the demand for an effective food & beverage air filtration system. The growing concerns regarding the environmental health coupled with the reducing raw material resources and natural depositories are primarily expected to fuel growth over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/food-beverage-air-filtration-market

Further key findings from the report suggest:

The food & beverage market is expected to witness a steady growth over the forecast period owing to the increasing awareness regarding health concerns, which has encouraged food producers to improve the production process influencing the filtration industry.
The HEPA filters market is expected to grow at highest CAGR, owing to the wide application of these filters in air filtration and air purification applications for controlling the airborne particulate level in the dairy and food & ingredients industries.
The dairy industry is expected to witness a CAGR of over 6% over the forecast period. The increasing consumer interest in healthy eating has boosted the dairy product demand among the consumers. Furthermore, the introduction of yogurt drinks and yogurt has also helped in the expansion of health-focused food and drinks, leading to the improved manufacturing process and enhanced air filtration equipment market.
The North American food & beverage industry is expected to remain the major revenue generating regionover the forecast period. The continuous increasing awareness for nutritious and organic food with the growing health concerns have influenced growth.
The key players in the food & beverage market include Parker Domnick Hunter (U.S.), Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), and Camfil Group (Sweden).Companies are focusing on providing enhanced quality food products adhering to the government regulations for food safety.

One-off Chopsticks Market Size Worth $41.1 Billion By 2025

The global one-off chopsticks market size is expected to reach USD 41.1 billion by 2025, according to a new research conducted by Grand View Research, Inc. The growing need for disposable chopsticks, particularly made of aspen, is projected to spur the market growth over the forecast period. The fact that chopsticks form an integral part of tableware & kitchen utensils, particularly in the Asian countries, is expected to remain a key driver.

The one-off chopsticks market is anticipated to witness moderate growth over the forecast period, globally. This can be accredited to the use of aspen for producing chopsticks as compared to other materials such as bamboo, birch, and cottonwood, among others. Furthermore, manufacturers are gradually shifting their plants to North America and other regions, owing to the surging government regulations pertaining to deforestation and availability of aspen in these regions. However, the environmental impact and surging health concerns, due to the adoption of one-off chopsticks, are the key factors challenging the market growth.

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http://www.grandviewresearch.com/industry-analysis/one-off-chopsticks-market

Further key findings from the report suggest:

The bamboo chopsticks segment captured over 50% of the total revenue in 2015. However, aspen chopsticks are projected to witness high growth at a CAGR exceeding 11% from 2016 to 2025, owing to the surging espousal in Asian countries and better life span against their counterparts.
The Asia Pacific region dominated the market in 2015 with a market share of over 60%. However, North America is projected to emerge as the fastest growing market and is expected to witness a healthy CAGR of over 8%, primarily due to the rising aspen chopsticks manufacturing activities in the region.
The key purveyors in this industry comprise Pacific East Company, Ngoc Chau Enterprise Pte, Nanchang Sanyou Industrial Co., Ltd., Nine Zero Trade & Development Limited, Dom Agri Products, and Bamboo Forever Co., Ltd.

Power over Ethernet Market Size To Reach USD 3.77 Billion By 2025

The global power over ethernet market is expected to reach USD 3.77 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for cost-effective and fast communication owing to increasing internet users is expected to drive the market growth over the forecast period. The increasing adoption of VoIP among the various application industry has also contributed to the market demand.

The rising deployment of the Ethernet-based RFID readers and security cameras is also expected to boost market growth. Furthermore, the introduction of PoE Plus is further expected to contribute significantly toward the expansion of the application of technology in high power devices in the industry.

The increasing trend and demand of consumers for smart home automation and control for centrally managing the appliances and other electric systems have also contributed to the residential sector application growth, hence impacting the Power over the Ethernet market in a positive manner.

The ability of the PoE of increasing the control, monitoring capabilities with the reduced costs, and flexible network architectures across the various application segments have also contributed to the enhanced growth. Extensive adoption of the VoIP technology and rising demand for network security cameras are anticipated to drive the demand.

New launched applications and delivery systems enabling the users to switch to IP service from a POTS offering a versatile platform is expected to drive the demand and focus of the VoIP over the forecast period. Furthermore, the rising energy costs and increasing adoption of digital signage technology are also estimated to impel the PoE technology market demand.

Although, leveraging the technology benefits leads to higher capital expenditure on electrical and data infrastructure. further, an inadequate supply of power and a slow adoption rate of the technology can hamper the growth of the industry.

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http://www.grandviewresearch.com/industry-analysis/power-over-ethernet-poe-market

Further key findings from the report suggest:

The Power over Ethernet technology is gaining the attention within the market owing to the ability to combine the networking and electrical power into one cable
The powered devices is expected to dominate the market with a share of over 50% in 2015
Increasing implementation of IP cameras for security, webcams, VoIP phones are projected to lead the residential application growth
North America is envisioned to emerge as a predominant region in terms of revenue over the forecast period owing to the increasing demand for ICs and PoE controllers
The key industry players in the PoE market include Flexcomm Technology (China), Shenzhen Brothers Young Development Co. Ltd. (China), VISIX (U.S.), Maxim Integrated (U.S.)

Logistics Insurance Market Size Worth $61.55 Billion By 2025

The global logistics insurance market is anticipated to reach USD 61.55 billion by 2025, according to a new report by Grand View Research, Inc. The increasing foreign direct investment, establishment of free trade zones, and increasing globalization has resulted in the rapid growth of the transportation industry in the emerging countries. The logistics hubs and trade routes are gradually shifting toward the emerging market. Privatization of the transportation industry has further spurred the industry growth in China, Turkey, and India.

The adoption of digital technologies enables the company to tap new opportunities for additional premiums, better risk selection, increasing governance, and improved customer experience. Insurers across the globe are implementing newer technologies and adopting cloud- and mobile-based technologies to tap the growing demand in the emerging markets. Through various distribution channels, the insurance companies are modernizing the legacy applications.

The insurance companies are implementing mobility as a part of the business strategy, owing to the increasing usage of smartphones in both developed and emerging markets. Customers can easily request a policy quote, calculate premium, locate insurance agent, and store the policy data with the advent of the mobile apps.

The insurance industry comprises of structured and unstructured data. Big data analytics plays a vital role in the insurance industry that delivers significant Return on Investment (ROI) and cost savings. The rise in digital integration and digital customer relationship management is likely to spur the market demand over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/logistics-insurance-market

Further key findings from the report suggest:

The increasing adoption of cloud- and mobile-based technologies to improve the customer experience
The transportation industry is anticipated to witness a significant growth with a CAGR of over 3.5% over the projected period
The maritime industry is anticipated to dominate the market in terms of revenue
The Asia Pacific region is anticipated to dominate the market in terms of growth rate over the forecast period
The rising financial asset and real estate values in the region are enabling the companies to have a higher premium volume
The market posesa rising competition that enable insurers to invest more in technological advancement to enhance the customer experience
The key players in the logistics insurance market include Integrity Transportation Insurance (U.S.), Liberty Mutual Insurance (U.S.), Peoples Insurance Agency (U.S.)

Excipients Market Size Worth $6.9 Billion By 2025

The global excipients market size is expected to reach USD 6.9 billion by 2025, expanding at a CAGR of 6.02% from 2017 to 2025, according to a new report by Grand View Research, Inc. Globally increasing reach of generic medicines has been a major factor driving market growth. In addition, rising demand for newer excipients owing to the advantages of drug delivery and stability has led to the growth of the market.

Excipients are essential components for the improvement of overall pharmaceutical activity and performance, both of which directly impact the characteristics of pharmaceutical formulations. An excipient in the right proportion can improve the shelf life and bioavailability of a formulation. These can also be used in drug delivery mechanisms such as sustained release and rapid release drugs.

Polymers were the largest product category in 2016 and are expected to maintain a comparatively moderate growth rate over the forecast period. Microcrystalline cellulose was the leading polymer in this category, accounting for a share of over 26.0% in 2016.

Sugars are expected to observe the fastest growth over the coming years, exhibiting an estimated CAGR of 5.1% from 2017 to 2025. Sugars can play an instrumental role in increasing solubility, taste masking, dissolution, and drug delivery, which can drive its market.

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https://www.grandviewresearch.com/industry-analysis/excipients-market-analysis

Further key findings from the report suggest:

The global excipients demand exceeded 600,000 tons in 2016 and is expected to grow at a moderate rate from 2017 to 2025
Owing to high market demand, polymer excipients accounted for the largest revenue share in 2016 and the segment can be anticipated to dominate the market for the coming years as well
The global demand for sugars excipients was valued at over USD 1 billion in 2016 and is anticipated to witness significant growth over the coming years
The Europe polymers market was pegged at 74,000 tons in 2015 and is estimated to reach a total volume of over 100,000 tons by 2025
The market in Asia Pacific is projected to witness substantial growth over the course of the forecast period thanks to several development projects undertaken across major economies, especially in newer excipients markets. The regional market is expected to register a CAGR of 6.63% from 2017 to 2025
Key market participants include Eastman Chemical Corporation; P&G Chemicals; Avantor Performance Materials, LLC; Huntsman Corporation; BASF SE; Ashland Inc.; FMC Corporation; Roquette; Colorcon Inc.; Lubrizol Corporation; Valeant; JRS Pharma; Shin-Etsu Chemical Co., Ltd.; DFE Pharma; and Finar Limited.

Catheter Market Size Worth $77.7 Billion By 2026

The global catheter market size is expected to reach USD 77.7 billion by 2026 registering a CAGR of 9.7%, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic diseases and supportive insurance policies are some of the prime factors boosting the market growth. Presence of multi-national manufacturers and improving medical facilities, especially across developing regions, are also anticipated to propel the market growth over the forecast period.

As per the statistics published by the WHO, chronic diseases is anticipated to contribute to 73% of all deaths and 60% of the global burden of disease by 2020. The rise in geriatric population has also led to increase in number of hospitalizations and surgeries anticipating the market growth. Catheters have undergone technological advancements; for instance, miniaturized products and introduction of antimicrobial catheters to reduce associated infections. Wide usage of minimally invasive surgeries is expected to favor the market growth.

Rising awareness about catheters has in turn boosted their demand. In addition, increasing number of midscale catheter manufacturers gaining a higher market share is expected to promote the market growth. Furthermore, rise in funding by various government bodies and medical device manufacturers for R&D will boost the market growth. However, requirement of intensive capital for the development of advanced devices may obstruct market development.

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https://www.grandviewresearch.com/industry-analysis/catheters-market-analysis

Further key findings from the study suggest:

The cardiovascular product segment led the market in 2018 owing to increase in the number of patients suffering from chronic Cardiovascular Diseases (CVDs)
Specialty catheters is expected to be the fastest-growing product segment over the forecast period due to rising prevalence of target diseases and demand for minimally invasive procedures
Asia Pacific is anticipated to witness the fastest CAGR from 2019 to 2026 owing to rising cases of kidney and cardiovascular diseases, improving medical facilities, and supportive insurance policies
Some of the key companies in the global catheter market are Medtronic Plc.; Convatec Corp.; Smiths Medical, Inc.; Boston Scientific Corp.; and Coloplast A/S
The market is price-sensitive with many small-, medium-, and large-scale companies. Key companies focus on product bundling strategies
Strategic partnerships between the manufacturers and the healthcare establishments intensify the market competition