Insulin Storage Devices Market Size Worth $1.3 Billion By 2027

The global insulin storage devices market size is expected to reach USD 1.3 billion by 2027, registering revenue based CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing incidence of diabetes and rising adoption of advanced insulin delivery devices are the key factors driving the market. Rising government initiatives and increasing awareness about insulin storage are also among the major factors contributing to the market growth.

A sedentary lifestyle and nutrition transition are some of the major factors leading to increasing cases of obesity, which significantly enhances the risk of diabetes. According to the WHO, in 2016, there were 650 million obese people in the world and this number is expected to rise significantly during the forecast period. Diabetes-related healthcare expenditure, both public and private, is also expected to grow rapidly. According to the International Diabetes Federation, healthcare expenditure due to diabetes is expected to reach 214 billion by 2045. With the increase in diabetes-related healthcare expenditure, the insulin storage devices market is expected to see frequent new product launches and advanced delivery devices thus, boosting the demand for advanced insulin storage solutions.

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https://www.grandviewresearch.com/industry-analysis/insulin-storage-devices-market

Further key findings from the report suggest:

North America accounted for the largest insulin storage devices market share in 2019 owing to favorable reimbursement policies, presence of key players, and frequent product launches
Asia Pacific is expected to see robust growth during the forecast period owing to the large diabetic population
By product, the battery-operated devices segment dominated the market owing to high cost of products and high adoption
The type 1 patients segment accounted for the largest revenue share/ volume share due to high demand, whereas the type 2 patients segment is expected to grow at the fastest rate due to rising awareness about diabetes preventive care
The leading players in the industries are DISIONCARE; ReadyCare, LLC; Tawa Outdoor; Medicool, Arkray, Inc.; Cooluli; Zhengzhou Defrigus Electric Device Co. Ltd.; Zhengzhou Olive Electronic Technology Co., Ltd.; and others.

Subdermal Contraceptive Implants Market Worth $969.2 Million By 2026

The global subdermal contraceptive implants market size is expected to reach USD 969.2 million by 2026, according to a new report by Grand View Research, Inc., registering a 3.2% CAGR over the forecast period. Introduction of several modern contraceptives in the market, growing awareness about various birth control methods, and high per capita income are some of the key factors driving the market for subdermal implants for birth control.

According to the Guttmacher Institute, in 2014, approximately 20 million women needed publicly funded contraceptive services. According to CDC, in 2017, nearly 46.9 million women in the U.S. were using at least one method of contraception. Subdermal implant is a long-term birth control option for women. Subdermal implants for contraception are in the form of polymer capsules or rods placed under the skin. The progestational hormone is released at a slow and stable rate, providing effective contraception for 1-5 years.

Publicly funded family planning services help women avoid or plan pregnancies. In 2012, the South Carolina Department of Health and Human Services (SCDHHS) revised the cost associated with Medicaid payment policy for immediate postpartum insertion of Long-Acting Reversible Contraception (LARC). Under this new reimbursement policy, providers are allowed to bill for the insertion procedure and the cost of an IUD or an implant, in addition to the Diagnosis Related Group (DRG) by using J-codes with a family planning modifier.

Implants are the most widely used contraceptive methods by women in sub-Saharan Africa owing to public-private partnerships between manufacturers, donors, governments, and international agencies, which helps lower commodity cost and increase product availability. Contraceptive usage has increased in South Africa, Malawi, and Rwanda. According to PLOS.org, in Malawi, the use of the Long-acting Reversible Contraception (LARC) method reached 10.21% in urban areas in 2016 and 9.66% in rural areas. In 2012, an initiative called Family Planning 2020 (FP2020) was launched to give 120 million women access to modern contraceptive methods by 2020.

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https://www.grandviewresearch.com/industry-analysis/subdermal-contraceptive-implants-market

Further key findings from the report suggest:

North America held the maximum share in the market for subdermal implants for contraception in 2018. This can be attributed to growing number of unwanted pregnancies, increased government initiatives in favor of contraception, and rising unmet needs
Strong economic growth in countries such as China, India, and Singapore, increasing awareness about contraceptives and STIs, and rising disposable income are expected to boost the Asia Pacific market in the coming years
Rapid population growth is a major concern in sub-Saharan African countries; the region’s population growth is projected to account for more than half of the global population growth by 2050. This could have a positive impact on the uptake of subdermal implants for birth control
Some of the key subdermal contraceptive implants market players are Shanghai Dahua Pharmaceutical Co., Ltd.; Merck & Co., Inc.; and Bayer AG. In February 2018, Shanghai Dahua Pharmaceutical Co., Ltd. and DKT International entered into an agreement to market Levoplant at a reduced price of USD 6.90 per unit in 69 countries.

3D Printed Surgical Models Market Size Worth $1.1 Billion By 2026

The global 3D printed surgical models market size is expected to reach USD 1.1 billion by 2026, expanding at a CAGR of 10.3%, according to a new report by Grand View Research, Inc. Improving diagnosis as well as the context of the patient’s pathology is driving the market. Increasing use of advanced healthcare technologies for better understanding of patients and minimization of risk during the actual surgical procedure is boosting the demand for 3D printed surgical models.

The introduction of synthetic modeling of human anatomy has made a significant leap forward. The 3D printed surgical models allow preadoption of surgical instruments by improving the 3D perception of the planned operation. The technology also enables surgeons to envision, practice, and then perform the actual surgery for saving time and increasing precision. These models can also be used to perform mock surgeries, thereby improving the prediction of the outcomes.

Advanced medical models are anatomically accurate, highly functional, and biomechanically realistic and are liberated from the cost and inconvenience to the animal as well as cadaver labs. They are perfect for simulating clinical procedures such as suturing, cutting, reaming, drilling, and even device placement. Some of the most advanced three-dimensional structures can even mimic bleeding, coming as close as possible to reality, which would enhance the efficiency and accuracy of surgical procedures.

The 3D printed anatomical models can help in numerous aspects, including educating young surgeons about tactile and three-dimensional inspection of the tissues. They are also used to help patients prepare for surgery.

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https://www.grandviewresearch.com/industry-analysis/3d-printed-surgical-models-market

Further Key Findings from the Report Suggest:

The orthopedic surgery segment accounted for highest revenue in 2018 as the 3D models can assist in pre-operative planning by defining the geometry of bone loss, tumor mass, and nearby vessels to determine the most appropriate osteotomy site along with most appropriate prosthesis
The neurosurgery segment is anticipated to witness the fastest CAGR of 11.3% over the forecast period. This is due to increase in the use of 3D models to describe complex anatomical structures to patients
North America held the largest share accounting for 35.3% of the global market share in 2018. This is attributed to the U.S. offering the most sophisticated healthcare infrastructure comprising multispecialty hospitals and clinics, thereby increasing the demand
Some of the players operating in the market are Stratasys, Ltd.; 3D Systems, Inc.; Lazarus 3D, LLC; Osteo3d; Axial3D; Onkos Surgical; Formlabs, Materialise NV; 3D LifePrints UK Ltd.; and WhiteClouds.

Veterinary Stereotactic Radiosurgery Systems Market Worth $4.4 Billion By 2026

The global veterinary stereotactic radiosurgery systems market size is anticipated to reach USD 4.4 billion by 2026, according to a new report published by Grand View Research, Inc. It is expected to expand a CAGR of 11.4% during the forecast period. Rising prevalence of cancer in pets coupled with rising pet ownership and pet owners’ willingness to spend on pet health is expected to drive the market.

According to the Animal Cancer Foundation in 2018, approximately 85% to 98% of primary bone tumors in dogs are osteosarcoma, which is similar to childhood and adolescent osteosarcoma in humans. This disease requires urgent and effective treatment like Stereotactic Radiosurgery (SRS). High prevalence of such diseases is anticipated to drive the growth of the market. Technological advancements in veterinary stereotactic radiosurgery systems coupled with their advantages of Stereotactic Radiotherapy (SRT) over conventional curative radiation therapy are anticipated to further propel the growth. The surgery increases canine survival rate in canines, is further fueling the market growth. For instance, the American College of Veterinary Radiology published a study titled, Safety and Feasibility of Stereotactic Radiotherapy Using Computed Portal Radiography for Canine Intracranial Tumors in 2017. The study concluded that dogs with neurological diseases treated with SRT had a median survival time of 361 days.

The players operating in the veterinary stereotactic radiosurgery system market are collaborating with veterinary professionals and hospitals, in an attempt to increase awareness pertaining to stereotactic radiosurgery system. For instance, in September 2017, SAGE veterinary specialty and emergency animal hospital in Campbell, partnered with PetCure Oncology. The hospital used Halcyon machine, engineered by Varian Medical Systems and also delivered the first SRT treatment to dogs.

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https://www.grandviewresearch.com/industry-analysis/veterinary-stereotactic-radiosurgery-system-market

Further key findings from the report suggest:

Particle Beam Radiation Therapy (PBRT) accounted for the largest market share in terms of revenue in 2018, owing to increasing adoption of the product in for neuroscience research in animals
North America held the dominant market share in 2018, due to the factors, such as favorable government policies, new product launches, and rising investment in pet cancer diagnostics
Latin America is anticipated to witness lucrative growth due to rising pet population, adoption of companion animals coupled with urgent need for effective cancer treatment for pets
Key companies operational in the veterinary stereotactic radiosurgery system market are PetCure Oncology, Elekta AB, Accuray, and Varian Medical Systems among others

Knee Braces Market Size Worth $2.1 Billion By 2026

The global knee braces market size is anticipated to reach USD 2.1 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a 4.3% CAGR during the forecast period. Rising prevalence of osteoarthritis and number of sports-related injuries are the key growth boosters for this market. The increasing burden of obesity is also anticipated to encourage youth to engage sports activities. Easy availability of braces through online stores is projected to further drive the product demand. This helps overcome the geographical barrier and facilitates easy product access.

Rising geriatric population plays a significant role in the market growth. According to the Department of Economic and Social Affairs Population Division, the global share of people aging 60 years and above has grown from 9.2% in 1990 to 11.7% in 2013, and this share is expected to rise to 21.1% by 2050. In 2017, the American Joint Replacement Registry released its Annual Report on the data related to knee arthroplasty that indicated a 101% rise in the procedures from the data collected for a period 2012 to 2016.The use of braces is mandatory after knee replacement surgeries to minimize the pain and to support the joints. Hence, these chronic diseases and associated surgeries create huge demand, thereby driving the growth of the overall market.

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https://www.grandviewresearch.com/industry-analysis/knee-braces-market

Further key findings from the report suggest:

Functional braces is the fastest growing segment of the knee braces market, owing to the rise in sports-related injuries and the wide acceptance of these braces
Arthritis led the application segment in 2018 and is expected to register a CAGR of 4.3% by 2026. The growth can be attributed to the rising prevalence of osteoarthritis and other joint-related diseases. Moreover, novel products such as unloader braces is anticipated to have wider application and acceptance thereby positively influence the market
E-commerce delivery channel segment is expected to showcase lucrative growth over the forecast period, due to huge product availability and rapid product delivery
North America held the largest revenue share in 2018, due to easy product availability online at a discounted rate. Asia Pacific is expected to emerge as the fastest growing regional market over the forecast period
Some of the major market players include Breg Inc.; Ossur; Otto Bock; Clofex Corporation; McDavid; Tyron; and Mava Sports

Veterinary Anti-infectives Market Size Worth $8.5 Billion By 2026

The global veterinary anti-infectives market size is anticipated to reach at USD 8.5 billion by 2026, registering a 6.4% CAGR during the forecast period, according to a new report published by Grand View Research, Inc. Rising prevalence of zoonotic diseases and bacterial infection, such as bovine TB, anthrax, and animal flu, is the key market driver. These diseases possess higher threat not only to animals but also to humans as they are food-borne, vector-borne, and communicable by direct and indirect contact. As per the Centers for Disease Control and Prevention (CDC) 2018, salmonella was the most common bacteria affecting the humans, especially the vets. The incidence and mortality rate might approach 100% during salmonella outbreaks. Antibiotics are used as an effective treatment for such outbreaks. This factor is anticipated to drive the market in near future.

Pharma giants are heavily investing in veterinary health R&D to not only address the growing disease burden but also to provide a better veterinary healthcare system. For instance, Zoetis increased their R&D fund from USD 382 million in 2017 to USD 432 million in 2018. Boehringer Ingelheim also invested around USD 41.90 million in 2018 for establishing new R&D facilities and for expanding their existing plants. The company also initiated 400 more clinical trials globally.

Groundbreaking technological advancements are rapidly transforming the veterinary anti-infectives market and are producing lucrative potentials for key participants. Some of the major market players are Merck & Co. Inc.; Zoetis; Boehringer Ingelheim; Ceva Santé Animale; Virbac; and others which account for a substantial market share, owing to their extensive product portfolio. Adoption of big data in livestock farming and wearable technologies to monitor pet health, are some of the notable strategic initiatives adopted by the market players.

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https://www.grandviewresearch.com/industry-analysis/veterinary-anti-infectives-market

Further key findings from the study suggest:

Livestock held the dominant market share in 2018, due to important socio-cultural and economic roles of livestock, such as income and employment source, food supply, livelihood, agricultural diversification and sustainable agriculture
Antibacterial segment held the largest market share in 2018, due to rising consumption of antibacterial drugs to curb the outbreaks of zoonotic diseases, globally
Oral route of administration is the most preferred method and the segment held the dominant market share in 2018, due to the ease and comfort of administration through this method
E-commerce segment is anticipated to witness rewarding CAGR over the forecast period due to convenience provided to pet and livestock owners reluctant to purchase medicines from retail or hospital pharmacies
Zoetis, Vetiquinol, Merck, Boehringer Ingelheim GmbH, and Ceva Santé Animale are some of the major market participants due to their extensive product offerings and regional presence
Companies are adopting different strategies, such as new product development, partnerships, mergers and acquisitions, strategic collaborations, and regional penetration to gain competitive advantage

Software Defined Networking Market Size Worth $70.4 Billion By 2024

The global software defined networking market size is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software-defined networking (SDN) has witnessed a surge in its popularity in recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.

SDN acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the SDN solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even the Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.

The CapEX and OpEX reduction afforded by the software-defined networks, coupled with the pay-as-you-grow model, is helping the demand growth. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing industry.

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http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis

Further key findings from the report suggest:

Software defined networking is anticipated to find Wide Area Networks (WAN) as the major use case in the coming years. Not only has SD-WAN been in the limelight of the SDN vendors for a long period now but the industry is also ripe for the adoption of the software-defined WAN for enterprises that are looking to replace the existing MPLS systems that had been de facto for most major organizations.
The software-defined networking market is dotted by some major players including VMware, Alcatel-Lucent (Nokia), International Business Machines, Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch Networks, and AT&T, among others. The emergence of new companies that cater to specific niche clients or provide capabilities targeting particular functionalities is also on the rise.
The new product development, industry players’ concentration on research and development activities, and developing cost-effective products for a differential industry are the major strategic plans adopted by the industry players. Also, there has been an increasing focus on the partnership and collaborations in the industry. For example, in March 2015, Brocade announced that it had completed the acquisition of the SteelApp business unit from Riverbed Technology. The SteelApp product line helped the Brocade data center deployments and enhanced the Vyatta Platform offering for the NFV and SDN solutions.

Legal Process Outsourcing Market Worth $35.9 Billion By 2025

The global legal process outsourcing market size is projected to reach USD 35.9 billion by 2025, expanding at a CAGR of 31.8% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growth can be chiefly attributed to the emergence of alternative legal service delivery models and virtual law firms.

Technological advancements and innovations in the legal industry are expected to offer new growth avenues in the sector, helping law firms inculcate a transparent relationship with clients. Law firms are deploying Natural Language Processing (NLP) and document automation capabilities to fall in line with the reinvention of the legal industry.

Artificial Intelligence (AI) is another factor that has taken the LPO industry to a new level. Software equipped with AI capabilities is garnering utmost importance among lawyers and firms to save their time. Document production and proofreading of documents are efficiently done with the help of automation software. Use of team collaboration software is further streamlining the execution of all documentation processes. All such technological developments have greatly aided lawyers by decreasing costs and increasing convenience.

Electronic discovery (e-discovery) services have grown in prominence, which can be attributed to amendments by the Federal Rules of Civil Procedure, making Electronically Stored Information (ESI) such as e-mails, e-calendars, and voicemails discoverable on handheld devices in litigation. The development of ESI will reduce the complexity and cost of e-discovery processes and is expected to simplify large-scale complex litigation processes.

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https://www.grandviewresearch.com/industry-analysis/legal-process-outsourcing-lpo-market

Further key findings from the report suggest:

On-shore outsourcing is expected to grow at a significant rate over the forecast period, owing to benefits such as enhanced data security and sophisticated service delivery models
The litigation support segment is expected to register a CAGR of more than 34.0% over the forecast period
Majority of the LPO providers are emphasizing on maintaining their locally-registered office in U.S. and setting up back offices in Asia Pacific in order to strengthen their foothold in the global market
Key players in the legal process outsourcing (LPO) market include Clairvolex; Clutch Group; Mindcrest Inc.; and Pangea3.

Smartwatches Market Size To Reach $19.62 Billion By 2020

The global smartwatches market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches.

The number of industry participants is expected to increase manifold over the next six years. In addition to startups, the expected entry of established companies is estimated to significantly fuel market growth. Ensuring usability and visual appeal is a critical factor for enabling product adoption on a global level. Furthermore, managing the tradeoff between battery life and performance is critical for profitability.

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http://www.grandviewresearch.com/industry-analysis/smartwatches-market

Further key findings from the study suggest:

Global smartwatch shipments were close to 2 million units in 2013, and are expected to reach 135.3 million units by 2020, at a CAGR of 53.5% from 2014 to 2020.
High-end smartwatches accounted for approximately 90% of the global market in 2013. This segment is expected to lose market share to the mid-end and low-end segments over the forecast period. This can be attributed to the expected trend of decreasing selling prices with a growing number of manufacturers. Majority of consumers have been reluctant to invest in premium priced products on account of unclear benefits and lack of a value proposition.
North America accounted for the highest market share of 35% in 2013; this is mainly due to higher purchasing power as well as increasing demand for fitness tracking equipment. Asia Pacific is expected to be the fastest growing regional market over the next six years. The regional market is expected to be driven by high smartphone proliferation and usage of Internet services.
Industry participants include Samsung Electronics (Galaxy Gear), Pebble, Sony Corporation, Google Inc. and Qualcomm Inc. among others. R&D activities to drive innovation have been the key growth strategy for these companies. Established companies are expected to benefit from growing smartwatches demand, and drive revenue generation over the forecast period.

CMOS Image Sensors Market Size Worth $10.17 Billion By 2020

The global CMOS image sensors market size was valued at USD 7.21 billion in 2013 and is likely to be worth USD 10.17 billion by 2020. Increasing demand for handheld equipment such as tablets and smartphones has initiated the development of smart sensing approaches with remote diagnostic and monitoring capability.

Global market was 1,601.8 million units in 2013 and is anticipated to reach 2,643.4 million units, growing at a CAGR of 7.5% by from 2014 to 2020. The industry has observed tremendous growth over the past few years owing to the growth of its application industries, particularly medical and automotive. In addition, technological innovations leading to the evolution of refined sensing technology are expected to drive growth.

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https://www.grandviewresearch.com/industry-analysis/cmos-image-sensors-market

Dexterity to manufacture smaller pixel devices and provide high resolution with cost effective approach is expected to be one of the primary factors driving growth. Rising demand for computation and communication equipment has led to a growing need to develop upgraded processes for better optical administration. The requirement for on-chip integration and focal plane processing are still on improvement phase.

Consumer electronics was the largest application accounting for over 50% of the total market revenue in 2013. These sensors are widely used in numerous consumer electronic devices including entertainment devices, home appliances, communication products, and information technology. The CMOS image sensors market for consumer electronics is likely to grow at a CAGR of 3.3% from 2014 to 2020.

With an increasing focus on research & development, sensing equipments have become smaller, cheaper, and more power-efficient, which serves as a gratifying opportunity for industry players. This is particularly beneficial to the healthcare industry as these products help in improving diagnostics and provide appropriate treatments that rely on this technology. Medical applications are anticipated to grow at a CAGR of 9.9% from 2014 to 2020.

Multimedia-enabled equipment provides more benefits with more data safety over the internet. The application of sensing devices for indoor navigation, health monitoring, and related niche segments is anticipated to offer prominent growth opportunity for prosperity of this market. These gadgets are predominantly used in the U.S., however, the market is anticipated to witness significant gains in emerging economies such as China, India, and Brazil.

North America CMOS image sensors market exceeded 30% of the total revenue share in 2013. Focus on technological advancement coupled with high adoption rate of new technologies and gadgets have resulted in established of a large market in the region. However, the market has reached its maturity phase and is anticipated to grow at a CAGR of 4.1% from 2014 to 2020.

Asia Pacific is expected to witness significant gains over the forecast period at a CAGR of 6.6% from 2014 to 2020. The market was valued at USD 2.37 billion in 2012. Availability of large number of semiconductor manufacturers in Asia Pacific, especially in Japan, China and Korea, is projected to bolster market growth in this region. Presence of cheap labor and establishment of production facilities by foreign organizations are anticipated to favorably affect industry growth in this region. Growing demand for latest gadgets owing to increase in disposable income of consumers is anticipated boost market growth to reach an estimated value of USD 3.95 billion by 2020.

Key players include OmniVision Technologies, Sony Corporation, Canon Inc., and Samsung Electronics. Sony Corporation and Samsung Electronics are projected to dominate the CMOS image sensors market in the near future. Companies are constantly engaging in research & development to introduce innovative products in the market.

Samsung Electronics Co. Ltd. has announced its new 8-megapixel R-W-B sensing device based on ISOCELL and NFC integrated circuit technology with advanced frequency performance.In March 2015, OmniVision Technologies Inc. launched the OV8865, a CMOS image sensor positioned on OmniBSI-2 pixel planning. It is utilized in high speed photography with low power consumption application. Samsung Electronics Co. Ltd. introduced a 280-megapixel APC-C image sensor, which employs advanced 65-nanometer and illuminated pixel technology to implement energy-efficiency and better picture aspect.