Interventional Cardiology Devices Market to Reach Around USD 25.2 Billion by 2020

29 March 2019, The Global Interventional Cardiology Devices Market is anticipated to reach around USD 25.2 billion by 2020. High incidence of heart related disorders can directly impact product demand over the forecast period (2012 to 2020). Valvuloplasty, angioplasty, and coronary thrombectomy are procedures that need such devices. Key industry drivers are popularity of minimally invasive surgeries and unhealthy lifestyles that trigger the onset of cardiovascular anomalies. Also, rising cases of congenital heart diseases may positively impact the overall market in the years to come. The use of novel devices and new drug therapies in treating cardiovascular disorders has led to higher life expectancy and better quality of life of patients. According to the World Health Organization (WHO), number of deaths caused by cardiovascular disorders is expected to be nearly 23.3 million by 2030.

The worldwide Interventional Cardiology Devices Market is segmented on the basis of products and regions. On the basis of products, the divisions are balloon inflation devices, PTCA balloons, stents, PTCA guidewires, and interventional cardiology catheters. With a market share exceeding 70%, interventional cardiology catheters dominated the global industry in 2013. Application of novel technologies that lower the risks of post-operative complications and restenosis in angioplasty is a key factor that drives this segment. Different types of stents are bio-absorbable, drug eluting, and metal. Bare metal stents have helped in lowering the rates of restenosis by around 20 to 25 percent.

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However, owing to greater effectiveness, bio-absorbable & drug eluting stents are increasingly being used in place of bare metal stents. The bio-absorbable stents segment may register the highest growth rate in the forecast period. This is attributed to increasing awareness about the benefits of such stents, such as their ability to lower the possibility of restenosis. Catheters are a rapidly growing product segment because these are utilized extensively in minimally invasive medical procedures. Due to the high incidence of cardiovascular disorders, demand for angioplasty catheters may surge in the forthcoming years. This segment is propelled by technological advancements, widespread patient awareness, and prevalence of structural & congenital heart ailments.

Geographically, the global interventional cardiology devices market is categorized into Europe, North America, Asia Pacific, and Rest of the World. With shares surpassing 35%, North America dominated the overall industry in 2013. Widespread awareness in advanced economies and the presence of large pediatric & geriatric populations are key regional drivers. According to the American Heart Association, nearly 22% of the pediatric population belonging to the 6 to 17 years age group suffers from cardiovascular disorders. This owes to the prevalence of obesity in the region. Asia Pacific can expand at the highest CAGR over the forecast period because of popularity of minimally invasive procedures that ensure quick recoveries and cause minimal trauma to patients.

Key companies in the worldwide interventional cardiology devices industry are Boston Scientific, Abbott Laboratories, Terumo Medical Corporation, B. Braun Melsungen AG, and Cordis Corporation among others. In December 2016, Boston Scientific launched the SYNERGY stent. This product has been approved by the US FDA for use in the treatment of coronary artery disease. It is the first ever stent that offers synchronized polymer & drug absorption. It enables complete & rapid arterial healing and thus lowers the risks of complications pertaining to long term polymer exposure.

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Global Flame Arrestors Market Size Worth USD 412.8 Million by 2025

27 March 2019, The global Flame Arrestors Market size to reach USD 412.8 million by 2025. Rising importance of fire protection systems in multiple markets including paper and pulp, oil and gas, chemical processing, power generation, and mining is anticipated to drive market growth. Also, growing production of unconventional sources such as, shale gas and tight oil in North America as a result of extensive Exploration and Production (E&P) activities by companies such as Exxon Mobil, Shell, and Apache will add to demand growth in the coming years.

Flame arrestors fall within the purview of regulations by the U.S. Environmental Protection Agency (EPA) and European Commission advocating usage of the product to ensure fire safety. The use of flame arrestors and conservation vents on process vessels and storage tanks in U.S. is approved by Occupational Safety and Health Administration (OSHA 1910.106) and National Fire Protection Association (NFPA).

In-line flame arrestors are expected to expand at a CAGR of over 5.0% from 2017 to 2025. They are used in oil & gas industry to control flame propagation which can cause shock waves in gas if not controlled effectively. Flame can propagate farther down the pipe and can cause a transient and unstable condition. Arresters typically obstruct flame propagation in pipelines, where the deployment is expected to remain strong during the forecast period.

Demand from North America and Europe is expected to remain buoyant, while Asia Pacific is anticipated to make a significant contribution in terms of demand. In the forthcoming years, Asia Pacific is expected to expand at a CAGR of over 5.5%. Countries such as India and China are expected to be among the leading demand generators. Growth opportunity for in-line flame arrestors will be relatively strong compared to end of line arrestors.

Asia Pacific is expected to reach around USD 150.0 million by 2025. Implementation of Open Acreage Licensing Policy (OALP) and First Shale Gas Policy by the governments of India and China, respectively is projected to expand the scope of oil & gas sector at the domestic level. This favourable regulatory support towards oil and gas industry is projected to promote the usage of flame arrestor as a key tool of fire protection.

The global market is fragmented in nature due to the presence of multiple manufacturers. Over the years to come, manufacturers will focus on power generation and pharmaceuticals markets for growth. Asia Pacific is expected to witness rise in demand. As a result, manufacturers are expected to strengthen their presence in the region. Manufacturers are also anticipated to focus on new product launches. Some of the key players in the flame arresters market include PARKER HANNIFIN CORP, Pentair Plc, BS&B Safety Systems, L.L.C., PROTEGO - Braunschweiger Flammenfilter GmbH, Elmac Technologies Ltd. and Emerson.

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Hexa Research has segmented the flame arrestors market report based on product, application, end user and region:-

Segmentation by Product

    • In line

    • End of line

Segmentation by Application

    • Pipeline

    • Incinerator

    • Ventilation System

    • Storage Tank

    • Others

Segmentation by End User

    • Power generation

    • Oil & gas

    • Pharmaceuticals

    • Mining

    • Chemicals

    • Others

Segmentation by Region

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

    • Asia Pacific

        • China

        • India

    • Central & South America

    • Middle East & Africa

Key Players Analyzed:

    • PARKER HANNIFIN CORP

    • Pentair Plc.

    • BS&B Safety Systems, L.L.C.

    • PROTEGO - Braunschweiger Flammenfilter GmbH

    • Kingsley Engineering Services

    • Fluidyne Instruments Pvt Ltd.

    • ACME VALVES INDUSTRIES

    • Elmac Technologies Ltd

    • Groth Corporation

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Airway and Anesthesia Devices Market and Application Analysis

26 March 2019, The Global Airway and Anesthesia Devices Market are expected to witness substantial growth over the forecast period on account of the increasing air pollution and respiratory problems among people. The airway devices market is expected to grow considerably as the used in surgeries to pump oxygen and anesthetic gases in the patient’s body to keep him sedated and at the same time maintaining the rate of breathing. The anesthesia devices market is expected to grow substantially owing to increasing rate of surgeries with increasing rate of population. A huge geriatric population base is prone to health related problems such as cardiac disorders and respiratory diseases which act a major driver for the growth of the airway and anesthesia devices market.

According to WHO around 7% of people suffer from respiratory diseases and these diseases grow as the age increases. Growing geriatric population, rising pollution levels in highly developed countries, coupled with high demand for portable & better healthcare facilities is a vital determinant of industry growth. The frequency of respiratory illness that occurs in the form of COPD (Chronic Obstructive Pulmonary Diseases) and OSA (Obstructive Sleep Apnea) are expected to foster the market growth. 

Supportive government initiatives for healthcare are expected to drive the airway and anesthesia devices market. Easy availability of spare parts can help in keeping airway and anesthesia devices smooth & functional, which in turn can also be utilized for maintaining backups. Furthermore, growth in the market is anticipated owing to the technological development which provides improved processing. The focus is on technological development and innovation to manufacturing patient-friendly devices and ease of operation.

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The airway devices market is bifurcated on the basis of functioning into supraglottic airway devices, laryngeal mask airway, prose laryngeal mask airway, ports soft seal laryngeal mask, fast track intubating laryngeal mask airway, esophageal-tracheal combi tube, easy tune, laryngeal tube suction, peri laryngeal airway (cobra), laryngeal tube, slip streamlined pharynx airway liner and elisha. The anesthesia market is classified into two main products into anesthesia machines and anesthesia disposables. The generic anesthesia products include inhalation agents, induction agents, local anesthetics, neuromuscular blockers, analgesia; advanced anesthesia monitors which are further bifurcated into the depth of anesthesia, anesthesia gas monitors and standalone capnography monitors.

In North American market the airway and anesthesia market is expected to grow substantially owing to the increasing geriatric population and high standard of living. The increasing respiratory diseases are another factor leading to the market growth of the region. The market of the Latin American market is anticipated to grow over the forecast period owing to the government initiatives towards improved healthcare facilities of emerging economies such as Brazil and Chile. This is likely to drive the demand of the market. Europe is expected to grow substantially on account of increasing awareness among people and high per capita income in most of the parts of Europe.

Asia Pacific market is expected to grow over the period owing to the increasing population and rising consumer disposable incomes. In countries such as India and Japan governments have shown their interest and have taken initiatives to provide a better healthcare and medical facilities for the people. The market of the Middle East & Africa is expected to grow eventually as the standard of living in most of the countries is comparatively lower than that of the other developing economies. The demand for airway and anesthesia devices is anticipated to witness sluggish growth owing to the above reason. However, UAE and some other developed parts of the market are expected to witness considerable growth on account of high disposable income of consumers and growing respiratory diseases.

The major contributors to the market are GE Healthcare and Covidien, Draegerwerk AG, Fischer & Paykel, ResMed, Getinge Group, Teleflex Inc., Philips Healthcare, CareFusion Corp., Intersurgical Ltd., Smiths Medical Inc., Meditronic plc.

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Explore Why Medical Tourism Market is Blooming Worldwide

22 March 2019, The Medical Tourism Market is defined by patients travelling abroad to seek surgical or medical assistance for quality treatment available overseas. The market is at a growth stage and is expected to grow further over the forecast period buoyed by factors such as quality of healthcare offered at optimal cost, expert healthcare practitioners, and customized approach in providing end-to-end services including support in obtaining a medical visa to arranging patients’ stay. In addition, prevailing cost of medical services in patients’ home-country, availability of advanced healthcare treatment facility, and legal restrictions on a few medical practices such as fertility processes in home country are adding to the growth of medical tourism market. In addition, increase in campaign and marketing of medical facilities to endorse medical tourism and presence of international health insurance is expected to boost the market over the forecast period. Presence of cashless facility and wide number of hospital under insurance coverage are also expected to provide opportunities for market growth. Medical tourism and international accreditation continue to play a vital role in patient inflow into destination countries boosting medical tourism. The number of accredited facilities is rising year-on-year giving international exposure to hospitals, indirectly linking medical tourism successfully. 

Improving healthcare infrastructure, presence of favorable government policies, and presence of quality healthcare service at lower price is propelling the market in the Asia Pacific region. Among the various countries in Asia Pacific, India is increasingly becoming a medical tourism hub as the country offers cost advantage, has quality hospitals and skilled doctors, and favorable medical visa policies. For instance, India’s e-medical visa facility permits three medical visits to patients in the country. The country also offers medical visa for follow up treatment. Dental tourism and cosmetic surgeries are among the leading sectors for medical tourism in India. Major inflow of patients in India are from countries such as UAE, Middle East, Africa, Bangladesh, Sri Lanka, Afghanistan, Uzbekistan, Kuwait, and Mauritius. Besides India, Thailand secures prime spot in medical tourism market. Malaysia is another prominent destination amongst medically sophisticated infrastructure led nations. Economically affordable treatments lay the road for Malaysia to be one of the most forward-looking nations in medical tourism market.

Medical Tourism Market

Technology leverage to bring in innovation in healthcare has also added to the growth of the market. Technology usage including cloud computing and web 2.0 has spurred growth in the market. Cloud computing is largely being leveraged for keeping and sharing electronic medical records. Leveraging cloud computing, electronic medical record (EMR) can be made available universally to healthcare service providers. All healthcare tourism service providers and healthcare practitioners can access the same medical record on a real-time basis. Besides bringing efficiency in the process, EMR decreases extra diagnosis and medication errors and brings efficacy in healthcare systems. 

Some of the popular hospital chains active in the market include Apollo Hospitals, Asian Heart Institute and Research Centre, Fortis Healthcare, Aditya Birla Memorial Hospital, NTT Medical Center Tokyo, KPJ Healthcare Berhad, Seoul National University Hospital, Raffles Medical Group, Prince Court Medical Centre, Barbados Fertility Centre, Bangkok Hospital Medical Center, Min-Sheng General Hospital are the leading healthcare tourism provider.

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Compressed Air Treatment Equipment Market to Cross USD 11 billion by 2024

20 March 2019, The Global Compressed Air Treatment Equipment Market size is projected to grow at a healthy CAGR of 6.3 % during the forecast period (from 2016 to 2024). It may surpass USD 11 billion by 2024. Surging demand for compressed air treatment systems across various applications is projected to drive the market. Compressed air treatment systems are utilized by a number of companies globally. This in turn has increased the number of air treatment equipment installations worldwide. The need for such installations arises from the strict implementation of air quality standards in the target application areas. This could boost the global market in the forthcoming years.

A number of regulatory standards and mandates have been created to support the production & use of clean air. Industry trends suggest that this could contribute significantly to global demand. However, the uninterrupted supply of compressed air production facilities calls for regular maintenance. Equipments for compressed air treatment are generally quite expensive. Furthermore, their energy consumption is also very high. These are a few factors that may hinder the demand for compressed air treatment equipment in the years to come. However, technological advancements and the popularity of energy efficient equipment across numerous applications can create avenues for further growth.

Compressed Air Treatment Equipment 

The global Compressed Air Treatment Equipment Market is divided into applications, products, and regions. The product segment includes dryers, filters, aftercoolers, and others. Different kinds of dryers include deliquescent dryers, desiccant air dryers, refrigerated dryers, and membrane dryers. Moisture separators, particulate filter/pre-filter, adsorber filter/oil vapor removal, coalescing filter/oil removal, high-temperature afterfilters, and filtered centrifugal separator are the various kinds of filters that are commonly used in the industry.

Dryers are expected to dominate the product segment during the forecast period. They are an essential part of any air compressor equipment since they effectively remove moisture & water droplets present in the system. The adsorber filters segment may also witness significant growth from 2016 to 2024. This owes to the ability of these filters to easily siphon any gases or chemicals present in the compressed air.

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As per applications, the Compressed Air Treatment Equipment Market is segmented into process air, plant air, breathing air, and instrument air. The demand for process air is likely to remain strong throughout the forecast period. Its key end users are food & beverages and pharmaceutical industries that need dry, oil-free, and sterile air. Medical compressed air is applied extensively in the healthcare sector in areas, such as assisted respiration. Hence, demand from the breathing air application segment could propel the global Compressed Air Treatment Equipment Market in the near future.

Based on regions, the global industry was dominated by North America in 2013. The presence of a large number of manufacturing facilities in the region (especially the U.S.) can spur regional growth from 2016 to 2024. Asia Pacific is poised to be the second largest market, on account of rapid industrialization and focus on energy efficiency.

Prominent players in the Compressed Air Treatment Equipment Market are Parker Hannifin Manufacturing Ltd.; Donaldson Company Inc.; Gardner Denver Inc.; Atlas Copco Corp.; Van Air Inc.; and Kaeser Compressors. The development of cost-effective & technically advanced compressed air treatment systems is a key determinant of market success for these companies.

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Gold Nanoparticles Market Application and Regional Insights

19 March 2019, Global Gold Nanoparticles Market size is expected to reach 4.99 billion by 2020, witnessing gains at a CAGR of 24.7%. Positive outlook towards the increasing applications of nanotechnology in medical and dentistry such as drug delivery systems, nanomedicines, therapeutics is expected to drive industry demand. Global nanoparticle demand in biotechnology, drug development and drug delivery is expected to exceed USD 90 billion by 2020, growing at CAGR of 17.1% from 2014 to 2020.

With constant innovation and increasing demand for smaller, versatile and smarter devices the global electronics industry is expected to be one of the fastest growing gold nanoparticle markets. There has been a surge in demand for this technology, especially gold nanoparticle inks for storage devices, hard disks and microchips among others. These inks have also found applications in thin film transistors and photovoltaic, photo-sensors & detectors.

Stringent regulations for nanomaterials specifications and use, along with fluctuating gold prices are expected to be key challenges for industry participants over the next six years.

Key report insights suggest:

- Global gold nanoparticles market volume is expected to reach 12.7 tons by 2020, growing at a CAGR of 23.3% from 2014 to 2020.

- Medical applications are expected to continue dominating the industry, with demand estimated to reach USD 2.6 billion by 2020, growing at a CAGR of 25.2% over the forecast period.

- Electronic applications accounted for over 21% of global volume in 2013, with demand expected to exceed 3 tons by 2020, growing at over 25%.

- North America gold nanoparticles industry revenue is estimated to reach USD 4 billion by 2020, growing at a CAGR of 22%. Demand in Europe was estimated at USD 242.1 million in 2013.

- Asia Pacific is expected to be the fastest growing regional market, with revenue estimated to exceed 1.7 billion by 2020, growing at over 28%.

- BBI Solutions, NanoSphere, Nanostellar, Sigma Aldrich Corporation, Johnson Matthey, Metalor Technologies SA and Cytodiagnostics are some of the notable participants in this industry.

HexaResearch has segmented the gold nanoparticles market on the basis of application and region for this report:

Global Gold Nanoparticles Market, By Application (Volume, Tons, Revenue, USD Million, 2012 - 2020)

- Medical & dentistry

- Electronics

- Catalysis

- Others (Glass, Cosmetics & Photometry)

Global Gold Nanoparticles Market, By Region (Volume, Tons, Revenue, USD Million, 2012 - 2020)

- North America

- Europe

- Asia Pacific

- RoW

Medical Device Outsourcing Market is Likely to Witness Robust Growth by 2025

18 March 2019, The Global Medical Device Outsourcing Market is expected to witness robust growth in coming years owing to increasing in the number of companies manufacturing medical equipment. Companies are producing such devices at lower costs in order to gain competitive edge in the market. Outsourcing of such equipment to third party manufacturers helps in reducing operational and overhead expenses for original equipment manufacturers (OEMs). It also reduces production time and allows early availability of equipment in the market. Hence, most of the OEMs outsource such equipment to provide affordable healthcare equipment and maintain quality of healthcare services.

The market can be segregated on the basis of services, product, device type, application, and region. Based on product, the market can be categorized into electronics, raw materials, and finished goods. Major device types in the market include class 1, class 2, and class 3. Leading applications in the market might include Radiology, cardiovascular, orthopedic, and general medical devices. Finished device manufacturing, prototype development, assembly and packaging, and testing and regulatory support are the major services offered in the market.

Some of the leading companies operating in the medical device outsourcing market are Heraeus Holding, Creganna, Integer Holdings Corporation, Flextronics International Limited, and Sanmina Corporation.

Asia Pacific is a leading region in the market owing to availability of cheap infrastructure and labor in countries, such as India, China, and Japan. Rising cases of chronic disorders, such as cardiovascular disorders and cancer, is anticipated to propel demand for affordable medical equipment. In addition, improvement in technical knowledge and low overhead costs are expected to drive the regional market growth. Streamlining of manufacturing processes as per ISO standards by local manufacturers and service providers is also likely to gain traction among major companies, such as Boston Scientific and Johnson & Johnson.

North America is a prominent region in the market owing to presence of manufacturing companies offering high-quality and reliable medical devices. Growing need for advanced equipment to offer quality healthcare services is also likely to augment outsourcing activities in the region. Increasing number of mergers and acquisitions among OEMs and electronic manufacturing service providers can further boost the market growth. For instance, GE Healthcare, a leading manufacturing company of medical equipment and diagnostic products, recently acquired Novia Strategies, Inc., to order to expand its healthcare consulting business in United States. The company’s aim is to provide outcomes-based solutions, help healthcare organizations to meet demand for enhanced product quality, and reduce healthcare costs for patients. 

Adhesive Films Market is Set to Attain Nearly USD 17 Billion by 2024

15 March 2019, Adhesive films are materials coated with adhesives. They have the ability to join two surfaces. These are majorly used in automotive electronics, consumer electronics, handheld computing, construction, and aerospace electronics. The global adhesive films market is set to attain nearly USD 17 billion by 2024, at a CAGR over 6% during the forecast period (2016 - 2024).

The Adhesive Films Market had a demand of 3.1 million tons in 2015. Need for compact electronic devices and lightweight vehicles are primarily driving it. Boosting demand for consumer electronics in Asia Pacific and food & beverage packaging is said to drive the market. Additionally, expansion across automobile manufacturing coupled with demand for fuel-efficient vehicles also propels market revenues.

However, the market faces challenges in the form of product customization and high manufacturing costs. But, the production of bioadhesive films can provide it new growth avenues.

The Adhesive films market is split according to products, technologies, applications, end-users, and regions. Products are acrylic, polyurethane (PU), polyvinyl acetate (PVAc), polyvinyl butyral (PVB), epoxy, and others. ‘Others’ includes EVA (ethylene-vinyl acetate), SBC (styrenic block copolymers), polypropylene, polyesters, and silicone.

Acrylic films were the leading segment in 2014, with over 25% shares (with respect to demand) in 2014. They are projected to display significant growth over the forecast period. PVAc followed them, with 20% shares the same year. PVB films are prominently used in the automobile industry. They are used to bind vehicles with glass sheets.

Technologies in the adhesive films market comprise hot melt, light cured, pressure-sensitive, self cured, and chemical cured. Pressure-sensitive led in 2014. Its demand is anticipated to reach 4 kilotons (KT) by 2024. Hot melt films should generate nearly 146 KT of volumes by 2024.

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Applications encompass graphics, labels, tapes, tinting, glazing, protective films, and specialty films. Tapes reigned over the market (in terms of demand) in 2015. This was credited to massive usage of one-sided & double-sided tapes in electronics and automotive sectors. They would earn around USD 72 billion by 2024. Labels can experience a CAGR above 6% in the next eight years.

Automotives, consumer electronics, construction, packaging, aerospace, medical, footwear, and furniture constitute the end-users. Packaging would be the leading segment over the forecast period. It is used for product sealing & labeling. Consumer electronics may contribute to the global demand for adhesive films by creating components for lid sealing and other applications in packaging.

North America, Asia Pacific, Europe, and RoW (Rest of the World) are the regions within adhesive films market. Asia Pacific dominated in 2014 due to high demand from its end-user industries. Europe should witness modest growth during 2016 to 2024. Similarly, North America is likely to grow at a CAGR over 6% in the near future.

Some of the key players operating within the global market are BASF SE, 3M Company, Henkel Adhesive Technologies, and Avery Dennison Corporation. Mergers and alliances are their common strategy to stay competitive. For instance, BASF partnered with Avantium Technologies in 2016 to produce furandicarboxylic acid (FDCA). FDCA can be used as a base for producing adhesives in lubricants and personal care products.

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Wi-Fi Hotspot Market is Expected to Have a Wide Scope in Near Future

14 March 2019, The Global Wi-Fi Hotspot Market is expected to reach USD 4 billion over the forecast period and it is projected to grow at an approximate CAGR of over 16% over the forecast period of 2016 to 2024. Surging use of mobile phones, tablets, and smart devices are expected to remain a key driving factor for market growth over the forecast period.

Increasing adoption of Wi-Fi hotspot market is expected to have the wide scope of applications in end–use industries such as public places, hospital, retail and education sectors. Increasing mobile data usage is also expected to spur the market growth over the next eight years.

Increased speeds, increased capacities, and reduced latencies, increased mobility and increasing the quality of service are the key drivers expected to increase the demand over the forecast period. Development of advanced network infrastructure is expected to be a key driver for the growth of network operators.

The market has been classified on the basis of software such as Wi-Fi security software, centralized hotspot management, Wi-Fi hotspot billing software, and cloud-based hotspot management. Wi-Fi security software provides confidentiality, data integrity, access control, encryption, and authentication.

The market has been segmented on the basis of service such as installation service, consulting service and professional service. Expertise is guided to provide service to the end-user.

The Wi-Fi Hotspot Market has been segmented on the basis of end-use industries includes network operators and service providers, which provide the wireless network connections to the enterprises.

North America is expected to have significant growth over the forecast period owing to increasing demand for cloud-based management software. The U.S. is expected to be a dominating market over the forecast period owing to the development of innovative technologies offering advanced hardware and software for wireless networks.

Some of the major players in the market include Ericsson, Cisco System, Ruckus Wireless, NovAtel, Franklin Wireless Corp., Samsung Electronics Co., NetComm Wireless Ltd., Huawei Technologies Co. Ltd., ZTE Corp., and Sierra Wireless Inc.

The leading player Cisco has undergone acquisition with Think Smart Technologies to enhance the Cisco’s network infrastructure.  ThinkSmart technologies are expected to enhance the wireless network by providing location information and analytics to service provider and enterprise customer.

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What is the Current Market Size of Biotechnology Industry?

13 March 2019, The global Biotechnology Market is driven by high investments, favorable government support, and rapid proliferation of biotechnology firms worldwide. Based on the principles of biology, biotechnology utilizes biomolecular & cellular processes for developing products that lead to better health & quality of life. Molecular engineering, biomedical engineering, bioengineering, and biomanufacturing fall within the ambit of biotechnology. Growing popularity of therapeutics & diagnostics solutions is a key factor that fuels the Biotechnology Market. DNA sequencing, tissue engineering, and recombinant technology among others are examples of such solutions.

Paucity of conventional sources of energy (fossil fuels) and the ever increasing need for food may positively impact market demand during the forecast period (2016 to 2024). Rising cases of diseases, such as hepatitis B and cancer can also stimulate demand. A number of governments are increasingly focusing on biotechnology for enhanced economic progress.

Technologies, applications, and regions are the key parameters based on which the worldwide Biotechnology Market is segmented. The various technologies employed are cell based array, fermentation, DNA sequencing, tissue engineering & regeneration, chromatography, nanobiotechnology, PCR (polymerase chain reaction) technology, and others. Tissue engineering & regeneration dominated the overall industry in 2013, with revenues touching nearly USD 88 billion.

Tissue engineering has a broad spectrum of applications. It is used extensively in the repair & reconstruction of organs & cells whose functional capacities have decreased due to congenital anomalies, age, burns, and diabetic ulcers. Growing prevalence of degenerative disorders, such as Alzheimer’s and Parkinson’s favorably impacts demand for tissue regeneration. Due to a wide application scope in geology, biology, agriculture, and medical, DNA sequencing could expand robustly over the forecast period.

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On the basis of applications, the industry is categorized into bioindustrial, biopharmacy, bioagriculture, and bioservices. Biopharmaceuticals are sub divided into recombinant proteins, orphan drugs, advanced drugs, and monoclonal antibodies. The recombinant proteins segment is expected to dominate the global industry from 2016 to 2024. A host of vaccines being produced these days are made of biorecombinant proteins. Such a trend could drive the segment considerably. The bioservices industry may register a high rate of growth because of surging investments in clinical research by biotechnology & pharmaceutical companies. Other drivers of this industry are rising complexities of biotechnology processes, stringent regulatory norms, and cost cuts.

As per regions, the global biotechnology market is divided into Asia Pacific, North America, Europe, and Rest of the World. North America may continue dominating the overall industry in the coming decade. Regional drivers are high reimbursement rates of medical policies, quality healthcare infrastructure, and greater awareness among the masses. Asia Pacific may register the fastest growth among all regions because of factors, such as surging healthcare expenditure and increasing disposable incomes. Prominent companies in the global industry are Seattle Genetics, United Therapeutics, Vertex Pharmaceuticals, Novo Nordisk, and BioMarin Pharmaceutical.

Recently, scientists from the University of Bath, U.K. began a 5 year project to save vegetables, such as kale, broccoli, and cabbage, commonly known as ‘Brassica vegetables’. Unpredictable weather conditions in the U.K. have been harming the yearly harvests of brassica vegetables and oilseeds over the past couple of years. The BRAVO (Brassica, Rapeseed and Vegetable Optimization) project, financed by the BBSRC (Biotechnology and Biological Sciences Research Council) aims at promoting plant development and combating crop losses. The project follows the doctrines of Brassica genomics, genetics, modeling & phenotyping.

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Current Market Size of Energy Harvesting Market

12 March 2019, The Global Energy Harvesting Market size is poised to reach a significant value by 2025. The market is projected to gain momentum over the coming years as a result of rising need to reduce carbon footprints especially in the manufacturing sector. Growing inclination towards use of green and renewable energy systems is anticipated to drive the market. These systems can be used for running low power rating devices in various end-use markets including consumer electronics, building and home automation, automotive, and aerospace.

Stringent government regulations to reduce carbon footprints and on-going efforts to increase the usage of green energy are estimated to spur the growth of the market during the forecast period. Additionally, increased spending on home automation products and wearable devices is expected to stoke the growth of the market in the near future. For instance, in August 2017, the University of California developed a wearable device that harvests energy from human sweat. The device uses a biofuel cell, which reacts with lactic acid present in human sweat. On similar lines, in September 2017, Ulsan National Institute of Science and Technology (UNIST) developed a wearable device that can be installed on clothes. This device harvests energy from temperature difference between hot and cold sides of clothes.

Over the past few years, environmental agencies of Europe and North America have been encouraging public and private enterprises to leverage sustainable sources of energy to meet their requirements.

The commercial and residential sectors are the most promising application segments in the energy harvesting market. Increasing investments in the smart home sector and advancements in home automation are likely to promote the use of energy harvesting systems. For instance, in February 2017, Alta Devices developed a thin, lightweight, and flexible wearable solar cell. This solar cell harvests electrical energy from both indoor and outdoor light sources. Likewise, the National Center for Nanoscience and Technology developed a hybrid nanogenerator that can generate wind as well as solar power. This device is suitable for supplying power to smart cities as well as IoT devices.

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Triboelectric nanogenerators (TENGs) is an emerging technology in the healthcare sector. This technology harvests energy generated by repeated contact between two materials. Mr. Zhong Lin Wang, a material scientist and physicist, designed a small device for energy harvesting that can power medical devices, such as heart monitor. This technology is projected to open new avenues for market participants in the healthcare sector.

Increased spending on development of road and rail infrastructure is poised to provide growth opportunities to the market. Shifting consumer preference towards energy efficient products is anticipated to bode well for the market.

Asia Pacific is estimated to remain a lucrative destinations for market players on account of rising spending on energy conservation in countries such as Japan, China, and India. Furthermore, booming automotive, consumer goods, and construction sectors in these countries is likely to escalate the growth of the market in the near future.

Companies are taking collaborative measures to develop effective energy harvesting systems. For instance, in December 2016, Ilika announced a collaborative project with Sharp Laboratories and McLaren Applied Technologies. The objective of the project was to develop autonomous energy harvesting devices that can be used for a variety of applications in the automotive and healthcare sectors. Similarly, Fulham and EnOcean collaborated to launch Bluetooth mesh-enabled, wireless LED products. Fulham added self-powered wireless Easyfut switches from EnOcean to its new Bluetooth mesh lighting control ecosystem. This has enabled development of ready-to-use, maintenance free LED lighting application as Easyfit switches use the principle of energy harvesting.

Fujitsu Electronics Europe partnered with E-peas to expand its ultra-low-power linecard portfolio. Belgium’s E-peas developed solutions that support a wide range of power sources such as photovoltaic, vibration, thermal, or RF. Fujitsu’s AEM10940, AEM10941, and AEM30940 have a cold start capability at 380 mV input voltage and 11 μW of input power. In addition, the product is fitted with an ultra-low-power boost converter having an efficiency of up to 94.0% along with voltage references, circuitry, and LDO regulators.

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