Thursday, 21 September 2017

Advanced Ophthalmic Lasers for Quick Eye Treatment

Ophthalmic laser treatments are used for numerous non-invasive eye surgeries. These lasers can fix eye problems such as myopia, glaucoma, and cataract among many others. High prevalence of eye diseases contributes to the advancements and demand for different types of lasers.


Pattern Scanning Technology

“Array LaserLink” is an innovative system developed by Lumenis. It provides a new pattern scanning abilities to photocoagulation lasers with a reduced treatment time. This versatile system is designed using multi-wavelength technology. It provides different wavelengths and treatment options. The Array comes with settings such as duration, number of spots, fundus lens selection, spot spacing and size. Additionally, it retains frequently used settings in its memory for user-friendly applications. It uses photopic balanced coating to remove color distortion.

Selective Laser Trabeculoplasty

“Selecta II” by the same company offers premium Selective Laser Trabeculoplasty (SLT) product. Its ergonomically designed laser head is easy to attached and detach. This unit can help medical professionals to simultaneously use the slit lamp as diagnostic equipment and an advanced laser delivery machine. It is compatible with a range of existing commercial converging-optics slit lamps. Additionally, the laser weighs in at nearly 25lbs allowing its easy transportation from one location to the other.

Market Summary

According to a new report by the Grand View Research, Inc.; the worldwide ophthalmic lasers market is projected to attain USD 1.6 billion by 2025. It is anticipated to register a significant CAGR during the forecast period (2014 to 2025). Increasing geriatric population facing eye problems such as cataract and other age related maculated degeneration (AMD) can propel market growth. Vision loss caused by glaucoma, diabetic retinopathy, and cataract can further support the expansion in the near future. 

Market Players

Topcon Corporation, Abbott Medical Optics, Inc., Carl Zeiss Meditec AG, and Ziemer Ophthalmic Systems AG, are some or the key market players. Most companies engage in strategic mergers & acquisitions, regional expansions, and novel product developments to sustain the stern competition.

In-depth research report on ophthalmic laser market:
http://www.grandviewresearch.com/industry-analysis/ophthalmic-lasers-market

Wednesday, 20 September 2017

Chatbot market is expected to reach USD 1.25 billion by 2025

The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.


A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

Further key findings from the report suggest:
  • Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.
  • The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.
  • The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.
  • Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

Grand View Research has segmented the chatbot market based on end users, applications/business models, types, product landscape, verticals, and regions:

End User Outlook (Revenue, USD Million; 2014 - 2025)
  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Application/Business Model Outlook (Revenue, USD Million; 2014 - 2025)
  • Bots for Service
  • Bots for Social Media
  • Bots for Payments/Order Processing
  • Bots for Marketing
  • Others

Type Outlook (Revenue, USD Million; 2014 - 2025)
  • Standalone
  • Web-based
  • Messenger-based/Third Party

Product Landscape Outlook (Revenue, USD Million; 2014 - 2025)
  • Artificial Intelligence
  • Marketing
  • Human Intelligence

Vertical Outlook (Revenue, USD Million; 2014 - 2025)
  • Healthcare
  • Retail
  • Banking, Financial Services, and Insurance (BFSI)

  • Media & Entertainment
  • Travel & Tourism
  • E-commerce
  • Others
For more information visit our website: www.grandviewresearch.com

Tuesday, 19 September 2017

Veterinary reference laboratories (VRL) market is expected to reach USD 5.13 billion by 2025

The global veterinary reference laboratories (VRL) market is expected to reach USD 5.13 billion by 2025, according to a new report by Grand View Research, Inc. Increase in incidence of zoonotic diseases is a key driving factor for market growth. Increase in adoption of integrated diagnostic systems coupled with information ecosystems for veterinary diagnostics is anticipated to fuel development.


Rise in demand for advanced diagnostic tests and growing awareness amongst consumers are some of the factors expected to boostdemandover the coming years. Moreover, companies are investing in R&D for the advancement of test kits for cost-effective diagnosis & monitoring of animal health, which is expected to boost growth. Some of the advancements in this market include efficient information management systems used in animal diagnostic applications, vaccine banks, and mobile apps for continuous monitoring. High focus toward innovation in veterinary health is anticipated to fuel the demand for reference labs. For instance, Innovative Medicines Initiative (IMI) is a public-private partnership that supports pharmaceutical innovations in Europe.

In addition, MediLabSecure, a laboratory network project was established, which aims to identify emerging viruses& pathogens in 19 countries in the Mediterranean regions and 57 labs were involved. Furthermore, increase in the number of government initiatives to promote veterinary diagnostics products is presumed to drive the overall growth. 

Further Key Findings From the Study Suggest:
  • The clinical chemistry analyzers segment held the dominant share of the market as of 2016 owing to growing demand for veterinary diagnostics products
  • Increase ininstances of contamination in pet foods that causesevere illnesses and deaths amongst animalsis expected to boost the demand for toxicology testing services
  • Production animals accounted for largest revenue share in 2016 owing to their highest consumption rate
  • The market was dominated by North America and is expected to retain its position throughout the forecast period
  • Presence of prominent industry players, advanced healthcare infrastructure, and high healthcare expenditure are some of the factors responsible for growth
  • Companies offering reference laboratories are focusing on the development of cost-effective diagnostic solutions for animal health
  • IDEXX Laboratories, Inc. held a dominant share owing to its presence across the globe and a wide product portfolio of advanced diagnostic tests
  • Strategies such as regional expansion, new product developments, merger & acquisitions, and research collaborations are anticipated to propel growth
  • For instance, inJanuary 2017, Mars, Inc. announced the agreement for acquiring VCA Inc. in a probe to capture higher share

Sunday, 17 September 2017

Agricultural Robots to Uplift Agro-economy

Agriculture robots, also called ‘agbots’ are used for agricultural purposes. It can enhance efficiency and reduce production cost. Innovations in robotics are set to revolutionize agriculture sector in the near future.


Need for ‘Agbot’

Farm employment is physical in nature, which increases the risk of accidents that are caused by exhaustion. Exposure to pesticides, heat, and poorly designed machinery are some of the risks involved in agriculture. These risks can be avoided with implementation of safe and reliable robots. They can also improve farm efficiency and crop yield.

Milking Machines

Voluntary Milking System (VMS) or Automatic Milking System (AMS) are used to extract milk from livestock. Such machinery can offer high efficiency and reduced human labor. These machines allow cows to stay free and graze during the milking process. This system cleans, dries and stimulates udders using water and compressed air and vacuum. Then, milk is extracted via a robotic attachment. These systems can also monitor health of the udders and can detect infections in mammary gland.

Robotic Weeding

Automated farm apparatus can be very useful in precise and rule oriented farming. Robotic weeding is a highly developed robotic system that is gaining popularity among modern day farmers. It can enable faster inspection of crop rows to identify weeds at a much faster pace than manual inspection. It applies machine learning in farming. However, it needs additional information regarding plants and weed for it to function.

Agricultural Drones

Recently, Agribotix LLC has developed its UAV or drone called ‘Agribotix Agrion’. This portable drone operates on remote controls used by human operator. It can be used in precision farming and crop management. These drones are equipped with near infrared camera (NIR), thermal, Normalized Difference Vegetation Index (NDVI), and multispectral sensors. These systems can improve direct visibility for crop monitoring. Agricultural drones can perform various other operations like soil and field analysis, crop spraying, and soil irrigation.

Market Overview

According to a report by Grand View Research, Inc.; the global agricultural robots market is predicted to gain nearly USD 8.82 billion by 2025. Government provisions for implementing advanced techniques and increasing usage of precision farming are some of the key market drivers. Milking robot products may dominate the overall market in terms of revenue during the forecast period (2014 to 2025).

Asia Pacific is anticipated to witness the fastest growth in the forthcoming years. Rapid technological advancements can positively impact sales of agricultural robots in the near future. Agribotix LLC (US); CLAAS (Germany), GEA Group (Germany); Harvest, INC. (US); and BouMatic Robotics B.V. are some of the key market participants.

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Thursday, 14 September 2017

Coiled Tubing - A Cost-effective Measure for Oil Extraction

The looming energy crisis and lack of drilling activities force the energy exploration & production companies to look for viable solutions to meet the mounting global demand. Coiled tubing is a technology used by these companies to extract oil from old wells.


Deep Dive into Coiled Tubing (CT)

Oil exploration and production (E&P) companies use coiled tubing to extract oil from the mature wells. It serves as a cost-effective technique compared to conventional drilling techniques. It also leaves reduced carbon footprint due to the requirement of small crews and minimal drilling equipment.

Vertical wells encompass custom coiled tubing drilling (CTD) units that extract oil and leave minimum carbon footprints. Pumping, circulation/deliquification, and logging & perforation are some other applications of CT. Introduction of DRAFT IRP 21 can further encourage drilling activities. 

Real Time Imaging

In March 2017, Halliburton, a US based oilfield services company introduced SPECTRUM FUSION coiled tubing services. It can provide real-time images of the wellbore in a single downtime trip. It can be used for diagnostic and intervention services for better safety of the well workers. 

Funding for Consolidation

Statoil Technology Invest (STI), a subsidiary of Statoil, encourages small and medium enterprises to enter the highly consolidated marketplace. It offers funding and undertakes a stake in the emerging companies in light of a success. A recent instance of this was Sekal, software used in monitoring and diagnosing wellbores during real-time operations. 

Market Overview

The worldwide coiled tubing market is estimated at USD 5 billion by 2025, according to Grand View Research, Inc. It is expected to exhibit a CAGR above 5% over the forecast period (2014 to 2025). High energy demand from power production, transportation, and other sectors is the key market driver. Declining oil & gas production from the existing oil wells is expected to augur significant demand during the forecast period.

Well intervention, drilling, and others are the major coil tubing services. Among these, well intervention accounted for over 66% market share on account of revenue in 2016. Offshore applications are estimated to garner huge revenue in the years to come. North America led the overall market on the basis of revenue in 2016. Notable players in the global market are Halliburton, Baker Hughes, Cudd Energy Services, and Schlumberger Ltd.

In-depth research report on coiled tubing market:

Monday, 11 September 2017

Industrial Internet of Things Trends Watch

Industrial Internet of Things (IIoT); also called as the Industrial Internet, is the usage of various IoT technologies for manufacturing. IIoT integrates big data and machine learning, sensor data, automation, and machine-to-machine (M2M) communication technologies. Following are some of the trends in IoT that can impact business and technology.


Digital Twins

Testing a new system on the floor and ensuring bug fixes before it is rolled out are essential for reduced downtime. Connected networks can mitigate this issue. One can now create digital twins or copies of products and test them meticulously before making them live. Digital copies make it is easier to spot any potential issues and fix them before they hit the floor.

Virtual Reality Training

Getting all the workers up to speed on updates and system upgrades is another common issue. However, rising popularity of Virtual Reality (VR) on the factory floor can ensure that all the employees are properly trained without risking downtime and production delays. Moreover, VR allows companies to put their employees through the wringer to ensure that appropriate actions will be followed in case of an emergency. Since it wouldn’t be feasible to do this in real life, VR technology allows companies to put their staff through worst-case situations just to test their crisis management skills.

Message Queuing Telemetry Transport (MQTT)

Connectivity is a major issue for many companies that have large networks of sites that need to communicate with each other on a regular basis. Fortunately, MQTT technology can aid such companies to increase their communication network. It does not require intricate coding or high bandwidth. Hence, enterprises can easily connect with sites at even remote locations. Mobile devices can contact a company’s central hub very easily as it is an M2M data sending protocol.

Market Insights

According to Grand View Research, Inc.; the global industrial internet of things market is expected to surpass USD 933 billion in 2025. High adoption on account of improved affordability and availability of sensors, processors, and other such technologies can drive market during the forecast period (2014 to 2025). International Business Machines Corporation (IBM); Siemens AG; and Cisco Systems are some of the prominent players operating in the worldwide market.

Thursday, 7 September 2017

Agar Agar Gum: A Natural Boon for Vegans

Growing number of vegans and vegetarians across the world has encouraged numerous alternatives for animal-based products in the food industry. Gelatine is a highly popular, animal-based key ingredient in desserts, confectionaries, and other such dairy products. It is considered non-vegetarian by many, because it is obtained from animals. This drives the demand for gelatine substitutes. Agar-agar gum is one of the commonly preferred alternatives. 


What is Agar Agar gum?

This natural hydrocolloid is extracted from red seaweed species like Gelidium, Gracilaria, and Pterocladia. These species belong to rhodophyceae class and they grow over the ocean rocks. They are also artificially harvested to meet the growing demand. Agar gum is available in strips, squares, and powder forms and is widely used in dairy products.

Agar Agar Flakes

Recently, Eden Foods introduced their Agar Agar Flakes. These vegetable flakes can be used in preserves, fruit aspics, pie fillings, and other foods products. It is one of the naturally prepared gelatine substitutes that is tasteless and odorless in nature. It is free of fat and contains low amount of sodium. Hence, it can be utilized as a healthy alternative for gelatine.

More than a Gelatine Substitute

Agar gum is basically used for its gelling properties that can be useful in food industry for thickening, binding, stabilizing, and texturizing. Agar gum consist of an outstanding heat resistance and stabilizing abilities. Agar agar gum can be used in many other applications such as pharmaceutical, microbiology, and biotechnology. Agar in its hydrated form can assist in digestion. It is also used in making emulsions and capsules in clinical lubricants. In radiology, agar acts as a suspending agent for Barium Sulphate. Agar is used for preparing dental casts in prosthetic dentistry. In biotechnology, it is used for plant tissue culture. 

Market Overview

According to a report by Grand View Research, Inc.; the global agar agar gum market is predicted to gain nearly USD 345.3 billion by 2025. Changing consumer preference for animal-free products and healthy diets can drive the market during the forecast period (2014 to 2025). Microbiological & molecular applications are expected witness rapid expansion in the forthcoming years. 

Asia Pacific is anticipated to expand at the highest CAGR of around 5.4% till 2025. Key companies operating in the market are Marine Science Co. Ltd.; Myeong Shin Agar; Indoalgas; Central Drug House (P) Ltd.; Able Sales Company, Inc.; and Orient Resources Company.

In-depth research report on agar agar gum market: