Type 1 Diabetes (T1D) Market Size Worth USD 25.52 Billion by 2024

6 September 2018, The global Type 1 Diabetes Market is expected to reach USD 25.52 billion by 2024. A significant increase in the prevalence of type 1 diabetes coupled with Rigorous research & development activities to introduce novel formulations drives the T1D market growth.

Sedentary lifestyles, unhealthy diet habits coupled with rising obesity rates will further enhance the uptake of various types of insulin for the treatment of this disorder. Though this type of diabetes is rare still the number of cases is increasing by 3% every year according to the data enumerated by the International Diabetes Federation (IDF).

Insulin therapy is very much essential in the patients who have type 1 diabetes. Rising launch of the novel insulin formulations along with several adjunct therapies will positively impact the insulin acceptance. On the other hand, this chronic disorder poses a significant economic impact owing to the increasing cost of insulin coupled with other conditions such as cardiac disorders, kidney disease among others. This affects the respective countries and their national healthcare systems. For instance, the expenditure on diabetes management accounts for around 5% to 20% of the total healthcare spending.

Rapid-acting, long-acting and premix analogs are the three major types of insulin analogs administered to the patients. These insulin types when delivered duplicate the action of natural insulin and avoid the excess release of glucose in blood cells. The market penetration of long-acting insulin products is higher as compared to other two types, however, during the forecast period, the uptake and acceptance of rapid and premix analogs are anticipated to increase. The reason being the quick action and optimum performance of these two over long-acting insulin.

The insulin analogs market is consolidated in nature as three companies account for more than 50% of the total market share. The reason being extensive product offerings and continuous research and development activities. This market is witnessing an ongoing patent erosion affecting the market sustainability of companies. Also, high probability of launch of several biosimilars by new entrants, major players might face competition during the forecast period.

To enhance the overall sustainability, established players such as Novo Nordisk, Sanofi, and Eli Lilly are continuously investing in the development of the improved versions of insulin products. For instance, recent launches by Novo Nordisk (Xultophy, Tresiba) and Sanofi's Toujeo (improved version of Lantus). These factors exhibit the promising growth for type 1 diabetes treatment market.

Browse Details of Report @ https://www.hexaresearch.com/research-report/type-1-diabetes-t1d-market

Hexa Research has segmented the global type 1 diabetes (T1D) market based on insulin analog, and region:

Segmentation by insulin analog, 2014 - 2024 (USD Million)

• Rapid acting

• Long acting

• Premix analogs

Segmentation by region, 2014 - 2024 (USD Million)

• North America

    • U.S.

• Europe

    • UK

• Asia Pacific

    • China

    • India

• Rest of the world

Key players analyzed

• ADOCIA

• Biocon

• Bioton

• Eli Lilly and Company

• Novo Nordisk

• Sanofi

• Wockhardt

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/pharmaceuticals-industry

Storage Area Network Equipment Market is Projected to Witness Strong Growth by 2025

The global Storage Area Network Equipment Market is expected to witness robust growth over the coming decade. Rising need to minimize the complexities of organizational storage systems and increasing adoption of virtualization technology by many companies are key factors contributing toward market growth. Furthermore, growing adoption of fiber channel over Ethernet is boosting demand for storage area network (SAN) equipment.

The market has been witnessing increased application of SAN devices in the cloud computing domain. The various facilities of SAN switch and adapter devices are forcing cloud service providers to accept these devices to provide better and more reliable services to end users. With these switches and devices, organizations can control storage virtualization, improve utilization of storage resources, and simplify storage management.

Low upgradation cost of storage area network is another driver boosting the industry. A large amount of data is being created on a daily basis, which leads to need for additional data center infrastructure for management of said data. This upgrading of infrastructure includes incremental costs for storage subsystems, flash, servers, solid state drivers, and network-attached storage. SAN technology helps in minimizing these costs as the storage management in this system is independent of additional hardware storage and is based on low-cost software.

Key components for SAN equipment include host bus adapters (HBA), switches, and cabling. HBA is an integrated circuit device that provides I/O processing and physical connectivity between a server and storage device. Wiring is used to connect the HBA’s port to the corresponding switch. Cabling can be optical fiber cabling or copper wiring. Optical fiber cabling offers several benefits such as high performance, reliability, scalability, speed, and ability to work efficiently in long-distance connections.

Leading end-use sectors include manufacturing, energy and utility, public sector, transportation, banking and financial services, and telecommunication.

Browse Details of Report @ https://www.hexaresearch.com/research-report/storage-area-network-equipment-market

Regionally, the global storage area network equipment market encompasses Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe are prominent markets due to rising efforts toward reduction of operating expenses and simplification of IT management. Moreover, establishment of large businesses implementing SAN equipment is anticipated to increase demand in these regions.

Asia Pacific has been identified as a highly lucrative market. In emerging countries such as Japan, India, and China, rising per capita income, growing population base, and increasing data traffic are having a positive impact on market growth.

Leading service providers in the market include Cisco Systems Inc.; Emulex Corp.; Brocade Communication Systems Inc.; and QLogic Corp. Other prominent vendors include ATTO, Arista, Intel, Mellanox, Neterion, Myricom, BLADE, Chelsio, LSI, and Voltaire.

Most players are focusing on introduction of advanced solutions to improve their offerings and strengthening their position in the market. Other competitive strategies adopted by major players to increase their market share include partnerships, agreements, collaborations, and acquisitions. In March 2016, Emulex Corp. and Brocade Communication Systems Inc. launched a new product called LPe32002 FC Host Bus Adapter. This Gen 6 (16/32 Gb) fiber channel is designed to address the demanding reliability, performance, and management requirements of modern networked storage systems.

QLogic Corp recently launched the QLE2690 Series of enhanced Gen 5 FC adapters and the QLE2700 Series of Gen 6 FC adapters. These new adapters are designed for data centers that require elevation in fiber channel performance, reliability, power efficiency, and investment protection to cater to rising demands of private and virtualized cloud environments.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/communication-services-industry

Gallium Nitride Semiconductor Devices Market, 2025

The global Gallium Nitride (GaN) Semiconductor Devices Market size is expected to witness significant growth over the forecast period. Gallium nitride is a robust material that encompasses several chemical properties due to which it is suitable in the manufacturing of various semiconductor devices. The global GaN market has been facing rigid competition from Silicon Carbide (SiC) semiconductor devices sector, over the past few years. However, the popularity of the product is anticipated to grow at a fast pace on account of tremendous rise in its application markets.

Development of new technologies and increasing application scope of the product are the key drivers of this market. GaN-based devices have tremendous applications in hybrid and electric vehicles, while expensive industrial processes are one of the key challenges for this market. Another significant factor driving the GaN semiconductor devices market is the rise in the Radio Frequency (RF) semiconductor devices industry. The RF electronics industry has marginally different needs on characteristics of its components, semiconductor devices, and electronic devices associated with other segments of the global electronics sector.

The global Gallium Nitride semiconductor devices market is interconnected to the communications industry and involves usage of electronic devices to function at a wide range of communication frequencies, from standard frequencies to high ones, depending on the applications. Gallium nitride semiconductor material has great power characteristics, as well as high operating frequency. The product is widely used in the manufacturing of blue light-emitting diodes for Blu-ray disc players and blue laser diodes. The growth of this sector is expected to have a positive impact on the industry over the next seven years.

Among the several product applications, consumer electronics sector accounted for the largest market share over the past few years. This was attributed to wide usage of the product in LED-based display and LED-based lighting. The communication sector was the fastest-growing and second-largest application segment driven by the high product penetration in RF-based applications, including power electronics switching equipment.

Rising product demand from the industrial sector and solar power and wind energy industry is anticipated to fuel the growth of the global Gallium Nitride (GaN) semiconductor devices market over the forecast period. Rising application scope of the product in the aerospace and defense sectors, apart from Electric Vehicles (EVs), is also expected to offer numerous growth opportunities for the market development over the forecast period. These devices are much lighter, smaller, efficient, and tougher than silicon semiconductor devices.

They also work as perfect alternatives for their silicon comparable devices, which have hit the maturity stage. Several additional features offered by GaN-based devices include better stability in some radiation environments and low sensitivity to ionizing radiation. Gallium nitride devices also have a scope in high-end power appliances in the military, defense and aerospace sectors, solar cell arrays, and in satellites, which are expected to fuel Gallium Nitride semiconductor devices market growth over the next few years. The market also has enormous revenue potential in transportation and automotive sector, mainly in the Hybrid Electric Vehicles (HEV) and EV segments of the industry.

Browse Details of Report @ https://www.hexaresearch.com/research-report/gallium-nitride-gan-semiconductor-devices-market

Increasing demand for HB LEDs in numerous application segments including automotive, television, smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as lower power consumption and superior brightness for residential as well as commercial applications are expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for 56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period. Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years.

Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.

As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry