Friday, 28 August 2015

Silicone Elastomers Market Growth To Reach $10.02 Billion By 2022:Grand View Research

The global silicone elastomers market is expected to reach USD 10.02 billion by 2022, according to a new report by Grand View Research, Inc. Superior quality over conventional elastomers make it imperative for industrial usage. Surge in demand for silicone elastomer in major end-use industries such as electrical & electronics, healthcare, automotive and construction is expected to drive the overall demand for the next seven years. 

High production costs may emerge as a major hindrance to the overall market development. These costs are attributed to raw material availability and processing. Massive infrastructure development taken by governments in the emerging economies such as China, India, Brazil, and Argentina are expected to create apple opportunities for the business players to gain market share and attain sustainability. 

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Further key findings from the report suggest:
  • Global silicone elastomer market was worth USD 6,507.31 million in 2014 and is expected to grow at an estimated CAGR of 5.8% from 2015 to 2022.
  • High temperature vulcanized (HTV) was the most dominant product and accounted for over 50% of the overall revenue generated from the product segment. Room temperature vulcanized (RTV) to witness fastest growth at a CAGR of 6.3% from 2015 to 2022. Liquid silicone rubber (LSR) is expected to gain market share by 0.13% for the forecast period.
  • Silicone elastomer used in construction accounted for over 40% of the overall application segment. Rapid urbanization and industrialization in emerging countries is expected to increase the overall demand. Electrical & electronics applications and healthcare industry is expected to increase grow at a CAGR of 5.7% and 6.4% over the next seven years.
  • Asia Pacific silicone elastomer market accounted for over 55% of the overall revenue in 2014. Support from various applications from emerging countries such as South East Asia, South Korea, China and India is expected to benefit the regional market. Central & South America is expected to grow at an estimated CAGR of 5.6% from 2015 to 2022. Increasing construction spending in Brazil, Argentina and Peru is expected to have positive impact on the market.
  • The industry has numerous market players and frequent price wars are witnessed. Frequent investment on M&As and expansion is witnessed to gain market share. Dow Corning announced the expansion of its Silastic fluorosilicone rubber product line. This expansion is presumed to benefit the automotive industry as this product increases temperature resistance and offers flexibility for next generation designs. The company also introduced its novel Liquid Silicone Rubber processing technology for medical devices, developed in collaboration with Silcotech. 

Grand View Research has segmented the silicone elastomers market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • High Temperature Vulcanize (HTV)
  • Room Temperature Vulcanize (RTV)
  • Liquid Silicone Rubber (LSR)

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Electrical & Electronics
  • Automotive & Transportation
  • Industrial Machinery
  • Consumer Goods
  • Construction
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • North America
  • U.S.
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Middle East & Africa
  • Central & South America
  • Brazil

Skincare Devices Market Is Expected To Reach USD 12,799.5 Million By 2020

The Global Skincare Devices Market is expected to reach USD 12,799.5 million by 2020, growing at an estimated CAGR of 10.0% from 2014 to 2020, according to a new study by Grand View Research, Inc. Increasing prevalence of skin disorders and skin cancer around the globe is expected to drive skincare device demand. The growing demand of minimal, non-invasive and aesthetic procedures such as skin rejuvenation, skin tightening and body contouring is also expected to be a key driver of this market. In addition, rise in the growth of medical tourism and ‘Medspas’ in emerging markets such as India is expected to provide growth opportunities to market participants. Presence of cost effective procedures coupled with an abundant presence of English speaking healthcare practitioners are some of factors driving the market in these regions.

Skincare treatment devices dominated the product market with a share of over 92.0% in 2013. Change in consumer lifestyles and their growing willingness to spend on treatments such as liposuction, lasabrasion and Microdermabrasion to make favored body and skin modifications is expected to boost segment demand during the forecast period.

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Further key findings from the study suggest:

  • Skin tightening & body contouring segment is expected to grow at the highest CAGR of 12.0% during the forecast period. Rising disposable income of consumers and increasing desire to stay physically fit and attractive is one of the major factors accounting for its lucrative growth.
  • The cellulite reduction market is also expected to grow at a significant pace during the forecast period. Growing global prevalence of obesity and the consequent rise in demand for cellulite (fat) reduction procedures is expected to drive segment growth during the forecast period.
  • North America was the largest regional market in 2013, accounting for over 44.5% of global revenue due to rise in demand for skincare solutions to enhance physical features as a result of the modern lifestyle and increase in baby boomer population.
  • Asia Pacific is expected to grow at the fastest CAGR of over 11.0% from 2014 to 2020. Improved health care facilities and an increasing preference for aesthetics related medical procedures coupled with growing disposable incomes will result in growth in demand for advanced skincare solutions in this region.
  • Key industry participants of this market include Solta Medical Inc., Syneron Medical Ltd., Cynosure Inc., Cuttera Inc., Lumenis Ltd., Alma Lasers Ltd., and PhotMedex.

For the purpose of this study, Grand View Research has segmented the skincare devices market on the basis of product, application and region:

    • Skincare Devices Product Outlook
            • Skincare Diagnostic Device
                    • Dermatoscopes
                    • Image Guidance Systems
                    • Biopsy Devices
            • Skincare Treatment Devices
                    • Lasabrasion Devices Market
                    • LED Therapy Devices 
                    • Liposuction Devices
                    • Microdermabrasion Devices
                    • Cryotherapy Devices
                    • Electrosurgical Devices
    • Skincare Devices Application Outlook
            • Disease Diagnosis & Treatment
            • Hair Removal Market
            • Skin Rejuvenation
            • Cellulite Reduction
            • Body Contouring And Skin Tightening
    • Skincare Market Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW

Thursday, 27 August 2015

Geosynthetics Market Growth To Reach $27.08 Billion By 2022

Global geosynthetics market is expected to reach USD 27.08 billion by 2022, according to a new study by Grand View Research, Inc. Construction industry growth in India, China and Middle East, on account of rising expenditure on infrastructure development is expected to be a crucial driving factor for geosynthetics market growth.

Increasing application of geotechnical products for controlling seepage problems in building and irrigation projects is expected to have a favourable impact. Growing shale gas production in U.S. and Canada on account of increasing expenditure on hydraulic fracturing at domestic level may drive industry growth in the near future.

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Geotextiles market were the largest product segment with demand estimated over 4,300.0 million square meters in 2014. They find application in erosion control and soil reinforcement on account of properties such as flexibility, permeability and enhanced thickness.

Further key findings from the study suggest:

Global geosynthetic market size was 6,124.0 million square meters in 2014 and is expected to reach above 9,000.0 million square meters by 2022, growing at a CAGR of 5.1% from 2015 to 2022.
Roads & pavements accounted for over 30% of global volume in 2014. Geogrids and geotextiles are incorporated for soil reinforcement and facilitating filtration during road construction.
Containment & waste water application is expected to witness the fastest growth in terms of volume, at a CAGR of 5.7% from 2015 to 2022. Rising importance of waste water treatment in mining and upstream oil & gas sectors is expected to increase geotechnical product use in the near future.

Asia Pacific geosynthetic market was valued over USD 6,100 million in 2014. The Government of India announced Make in India Campaign in September 2014 which is aimed at increasing manufacturing output through foreign direct investment at domestic level. This supportive plan is expected to increase expenditure in construction industry and thus likely to have a positive impact on the market.

Key geosynthetic manufacturers include Agru America Inc, TenCate, NAUE, Low & Bonar PLC, GSE, Asahi-Kasei and Officine Maccaferri. In February 2015, Propex launched erosion control solution under the brand name, Propex TeetoGreen technology, intended for the golf course industry. This technology is designed for providing solution to challenges pertaining to soil erosion faced by club managers, golf course owners, builders and superintendents.

Grand View Research has segmented the global geosynthetics market on the basis of product, application and region:

Global Geosynthetics Product Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2022)
  • Geotextiles
  • Geomembranes
  • Geogrids
  • Geonets
  • Others
Global Geosynthetics Application Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2022)
  • Road & Pavements
  • Railroads
  • Drainage Systems
  • Soil Reinforcement & Erosion
  • Containment & Waste Water
  • Others
Global Geosynthetics Regional Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2022)
  • North America
  • U.S.
  • Europe
  • Germany
  • Asia Pacific
  • China
  • Australia
  • Latin America
  • Brazil
  • MEA

Hadoop Market Size, Analysis, Application, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Increasing volume of unstructured data is expected to be a key factor driving the global hadoop market. The growing popularity of big data analytics is also expected fuel market growth over the forecast period. The technology allows organizations manage huge amount of unstructured data at a low-cost. In addition to the cost effectiveness, the ability to process data rapidly is also expected to favorably impact the market growth over the coming years. 


However, dearth of experienced and qualified professionals capable of handling hadoop architecture may pose a challenge to market growth. Increasing adoption across several application areas including healthcare, BFSI, media & entertainment, retail, government, telecommunication and life science is also expected to drive the hadoop market growth substantially. Further, several benefits offered by hadoop architecture over traditional solutions such as RDBMS helps manage structured as well as unstructured data effectively. The hadoop market is poised for growth owing to the need to target marketing offers and analyze consumer behavior based on consumer preferences. Additionally, the technology also helps maintain inventory & space and attract and retain consumers. 

The technology is still in its nascent stage, and there exists a considerable lack of awareness among small and medium sized organization resulting into low adoption rates, and may pose a challenge to market growth. The market mainly encompasses software, hardware and services. Software is expected to emerge as a high growth segment followed by hardware segment over the forecast period. Services segment may witness growth owing to the complexities associated with handling hadoop. 
Key market players include Horton Works, Cloudera Inc., Cisco Systems, Inc and IBM Corp. Mergers and acquisition remain to be key growth strategy. Emerging markets in Asia Pacific and Europe provide opportunities for market growth. 

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email:  sales@grandviewresearch.com
Visit Our Website: www.grandviewresearch.com

Wednesday, 26 August 2015

Smartphone Operating System Market Analysis Report To 2022

The smartphone operating system market is expected to maintain its existing impetus, along with emergence of new players coming up with several new offerings. Market players are foreseen to integrate additional plug-ins to support and use new virtual and augmented reality technologies in smartphones. Existing market players are anticipated to govern the market dynamics over the forecast period owing to projected drastic incessant research and development and soaring adoption of sophisticated devices equipped with operating systems offered by them.
Innovations, joint ventures, strategic harmony, and progressive alliances are some of the key strategies implemented by leading market players to achieve growth and capture market share. The advent of virtual reality and augmented reality technology has triggered the incorporation of holographic display projectors in smartphones, which is further anticipated to revolutionize the market over the next seven years. Key market vendors are foreseen to leverage the potential prospects that the consumer electronic market is anticipated to offer over the forecast period.
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http://www.grandviewresearch.com/industry-analysis/smartphone-operating-system-market
The market is estimated to gain prominence over the next few years owing to factors such as low-cost mobile data, high smartphone penetration, and development in connectivity and surging smartphone dependability. Additionally, the heaving necessity to stay updated and get allied is further expected to positively impact market growth. One of the major challenges for smartphone OS providers is the necessity of reduced power consumption and increased speed of operations to prolong their fortitude.
The market can be segregated on basis of holding corporations into iOS, Android OS, Blackberry OS, Symbian OS, and Windows OS. Several third party operating systems such as CyanogenMod are also present in the market, which provide sophisticated functionality as compared to the legacy operating systems but at the expense of voiding the warranty.
Asia Pacific is a conceivably inundated market for smartphone operating system penetration, which can be attributed to surging smartphone sales in the region. North America and Europe are expected to grow at a steady rate over the forecast period. Latin America and MEA are perceived to have immense growth potential.
Key market participants include Apple, Google, Microsoft, Blackberry, Huawei, and Mozilla. 

Tuesday, 25 August 2015

Activated Carbon Market Size $5.31 Billion By 2020 At Grand View Research

The global activated carbon market is expected to reach USD 5.31 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand from water purification and air filtration segment is expected to drive market growth over the next five years. Activated carbon is widely preferred in these end-use applications owing to excellent adsorption properties.

Rapid industrialization coupled with population expansion in emerging economies of Asia Pacific, Middle East and Latin America is anticipated to drive market growth. Stringent government regulations specifically in the U.S. and Europe, in order to remove mercury are projected to propel market demand.  Increasing application scope in end-use industries such as automotive, food & beverage and pharmaceutical is projected to fuel demand over the forecast period.

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Powdered activated carbon (PAC) form accounted for over 55% of the market volume in 2013. It finds wide application scope in water treatment application such as municipal treatment, process water treatment in beverage production and groundwater remediation. Granular activated carbon (GAC) form is anticipated to grow at a CAGR of 11% from 2014 to 2020 owing to increasing demand from gas purification application

Further key findings from the report suggest:
  • Global activated carbon demand was 1,379 kilo tons in 2013 and is expected to grow at a CAGR of 11.7% from 2014 to 2020.
  • Liquid phase was the largest application segment and accounted for 55% of the total market volume in 2013. Gas phase is anticipated to be the fastest growing application segment with a CAGR of 12.8% from 2014 to 2020.
  • Air purification emerged as the largest end-use segment and accounted for 36.5% of the total market volume in 2013. Asia Pacific emerged as the largest regional market and is expected to grow at a CAGR of 13.0% from 2014 to 2020.
  • Global activated carbon market is moderately consolidated with presence of large scale companies. Some of the major companies operating in the global industry include Kurary Corporation, Cabot Corp., Meadwestvaco Corp., Jacobi Carbons, Carbon Resources LLC, Seimens Water Technologies and Carbotech. Other players operating in the market include Haycarb PLC, ADA-ES Inc., Carbon Activated Corporation and Clarimex Group.

Friday, 21 August 2015

Fingerprint Access Control Systems Market Size $4.41 Billion By 2022

The global fingerprint access control systems market is expected to reach USD 4.41 billion by 2022, according to a new report by Grand View Research, Inc. Increasing security threats have generated the need for efficient identification techniques. Strict government laws and regulations have been made to ensure internal and external security. Growing opportunities from niche segments and technology developments are expected to augment industry growth.

Consumer electronics applications such as cellular phones, PDAs and portable computers, and laptops are expected to boost revenue growth over the forecast period. Personal identification is crucial in the e-commerce sector to avoid security breaches and frauds.

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Biometric fingerprint technology can be implemented in a stand-alone manner or could be incorporated with smart cards, digital signatures, or other technologies. For example, in October 2014, MasterCard and Zwipe collaboratively launched a payment card with integrated biometric sensor.

Further key findings from the study suggest:
  • Optical, capacitive, pressure, ultrasonic, and thermal technologies dominate the market. Optical fingerprint access control was valued at over USD 900 million in 2014; it is expected to grow at a CAGR of 7.5% over the forecast period. These sensors are expensive but robust with longer life and high image quality. They are increasingly used for commercial applications, including secure login and identification.
  • Weapon activation and theft protection are also some applications of optical scanners. Capacitive fingerprint access control market is expected to be witness high gains owing to low cost and compact size, and increasing use particularly in smartphones and tablets.
  • The commercial fingerprint biometrics control systems market accounted for significant revenue share in 2014, valued at over USD 850 million in the same year. Government sector includes public sector units, law & order enforcement agencies, and prominent government buildings and institutions.
  • Investment in biometrics-enabled time and attendance tools are expected to experience increased demand over the forecast period. Mandates for security enhancement in government and law enforcement agencies will continue to encourage spending on biometric technologies and adopt government projects such as employee and national ID cards.
  • Asia Pacific biometric fingerprint readers market is anticipated to remain attractive on account of increasing government initiatives and consumer electronics demand. Additionally, promising economies, growth in foreign investments, untapped private security industry, rising business formation activities and high crime rates, are expected to contribute to Latin America and Asia Pacific growth.
  • Key players in the fingerprint access control market include Anviz Global, Cogent (3M), Cross Match Technologies Inc., Daon, Entertech Systems, ViRDI, and Hitachi, IDtech360, ManageID, NEC Corporation of America, Lockheed Martin, MorphoTrust, SecuGen, Safran Group, Suprema, and ZKTeco.
  • Consumer electronics manufacturers have been incorporating biometric sensors into their products. Samsung Electronics struck a deal with Validity Sensors (acquired by Synaptics) for manufacturing sensors for the Samsung Galaxy S5. In 2012, Apple Inc. acquired AuthenTec, and soon released its fingerprint recognition feature called TouchID on the Apple iPhone 5S and above.

Grand View Research has segmented the fingerprint access control market on the basis of technology, application and region:

Technology Outlook (Revenue, USD Million, 2012 – 2022)
  • Optical
  • Capacitive
  • Pressure
  • Ultrasonic
  • Thermal

Application Outlook (Revenue, USD Million, 2012 – 2022)
  • Commercial
  • Consumer Electronics
  • Government
  • Military & Defense
  • Banking & Finance
  • Healthcare
  • Others

Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Electronic Adhesives Market Growth To Reach $7.80 Billion By 2022

The global electronic adhesive market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc. Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period.

Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants.

Electrically conductive adhesive emerged as the largest product segment and accounted for over 40% of total market volume in 2014. The segment is expected to gain share over next seven years on account of high demand across key end-use industries including automotive, building & construction and medical. UV curing adhesive market is expected to witness significant gains over the forecast period on account of their increasing penetration across medical industry.

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Further key findings from the report suggest:
  • Global electronic adhesive market demand was 1,103.3 kilo tons in 2014 and is expected to grow at a CAGR of 10.6% from 2015 to 2022.
  • Surface-mount devices were the leading application segment and accounted for over 40% of the total market volume in 2014. The segment is also expected to witness most significant growth in its market size owing to significant development in chip-bonding and replacement of conventional PCBs with these components in key applications such as mother boards, processors, and flash drives.
  • Asia Pacific was the largest regional market and accounted for over 50% of global demand in 2014. Large scale conformal coatings and surface mount devices manufacturing may be attributed to market size. This trend is expected to continue over the next seven years on account of rapid expansion of electronics industry in China, India, Taiwan and South Korea.
  • China and India emerged as major markets both in terms of production and consumption. Favorable government initiatives such as “Make in India” have created significant avenues for future investments in terms of FDI for enhancing production capabilities within the region.
  • Major companies with global electronic adhesives market share include Henkel AG & Co, Dow Chemicals and Hitachi Chemicals, HB Fuller, Kyocera Chemical Corp, 3M Company, Mitsui Chemicals LG Chemical Limited, and Indium Corporation.

Grand View Research has segmented the electronic adhesives market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Thermal conductive
  • Electrically conductive
  • UV curing
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Surface mount devices
  • Potting & encapsulation
  • Conformal coatings
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • North America
  • U.S.
  • Europe
  • Germany
  • Italy
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • Central & South America
  • Middle East & Africa

Wednesday, 19 August 2015

Power Transformer Market Growth To Reach $28.22 Billion By 2020

Report Summary:

The global power transformer market size is expected to reach USD 28.22 billion by 2020, according to a new report by Grand View Research, Inc. Emerging technological advancements along with rising electricity consumption are projected to elevate industry growth over the next five years. Huge investment in power plant infrastructure coupled with increasing demand for smart meters is projected to positively impact demand. Further, several government initiatives for modernizing the existing grids combined with installation of technologically advanced systems is anticipated to drive power transformer market growth.

Increasing awareness regarding low carbon emission due to service expansions in resource-based industries is anticipated to offer prominent growth opportunities for the industry. Advanced features offered by eco-friendly devices are projected to replace traditional transformers, which are not compatible with current technical and environmental requirements. However, pricing pressure on manufacturing companies coupled with fluctuating raw material prices are expected to hamper growth.

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The power transformer market can be classified on the basis of products into 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Increased usage of 100 MVA to 500 MVA products in transmission and distribution network for step-up and step-down application is expected to drive global demand. High capacity product demand in the Middle East and Asia Pacific is estimated to drive revenue.

Asia Pacific is expected to dominate the industry owing to factors such as economic, industrial and social development in the countries such as China and India. Asia Pacific power transformer market is anticipated to grow at a CAGR of over 6.0% from 2014 to 2020. Replacement of aging power infrastructure in North America and Europe is estimated to boost volume sales in these regions. Further, various initiatives undertaken by European nations in order to deploy green transformers are projected to positively impact demand.

Notable players in the industry include GE Co., Alstom SA, Crompton Greaves Ltd, Toshiba Corp., Siemens AG, ABB Ltd, Hyundai Heavy Industries Co. China XD Electric, TBA Co Ltd, and Mitsubishi Electric Co. Companies operating in the power transformer market have to comply with varied regulations related to performance, environment and efficiency.

Automotive Plastics Market Growth To Reach $53.49 Billion By 2022

Report Summary:

The global automotive plastics market is expected to reach USD 53.49 billion by 2022, according to a new report by Grand View Research. Increasing demand in power train and interior & exterior furnishing applications is expected to be a major driving factor for the global industry growth over the forecast period. Plastics are increasingly being adopted as metal & alloy substitutes in automotive parts, in order to reduce overall vehicular weight, increase component performance and chemical corrosion resistance. Regulations such as CAFE in the U.S. and EC legislations in Europe aim at improving fuel efficiency and are expected to positively impact automotive plastics industry growth.

Asia Pacific dominated the global industry and accounted for more than half of the global demand in 2014. Increasing automotive production in China, India and Japan along with growing aftermarket sales in Southeast Asia are expected to be major factors driving automotive plastics demand in APAC. Electrical components and interior & exterior furnishing applications collectively accounted for over 70% of the regional volume in 2014.

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Further key findings from the study suggest:
  • Global automotive plastics market was 8.69 million tons in 2014 and is expected to grow at an estimated CAGR of 9.5% from 2015 to 2022.
  • North America demand was estimated at 882.5 kilo tons with polypropylene and polyurethane collectively accounting for over 44% of the regional volume in 2014. Increasing automotive production in the U.S. and Mexico coupled with growing passenger car exports is expected to drive the region’s growth over the forecast period.
  • Polypropylene was the leading product segment and accounted for 25.6% of the global volume in 2014. PP foams are widely used in carpet backings, interior trims, gaskets and water shields. They function as noise and vibration dampeners and thermal insulators in automotive components
  • Electrical components were the largest application segment with revenue estimated at USD 772.7 million in 2014. Plastics are increasingly being consumed in electrical housings, sensors, lighting systems, switches & sockets and displays.
  • Glass headlight lenses are widely being replaced by polycarbonate lenses. Since, glass is highly weak under high impacts; OEMs are using polycarbonate as its substitute owing to its shatter resistance and heat resistance.
  • The global market is moderately concentrated in nature with top four companies accounting for just over 69% of the market share in 2014. Key industry participants include AkzoNobel, BASF, SABIC, Bayer MaterialScience, Quadrant AG, Lear Corp., Borealis AG, Teijin Ltd., Johnson Controls and Evonik Industries.

Grand View Research has segmented the global automotive plastics market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polycarbonate (PC)
  • Polymethyl Methacrylate (PMMA)
  • Polyamide (PA)
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Power Train
  • Electrical Components
  • Interior & Exterior Furnishings
  • Under the Hood
  • Chassis
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Catheters Market Size Is Expected To Reach $46.05 Billion By 2020

The global catheter market is expected to reach USD 46.05 billion by 2020, according to a new report by Grand View Research. Key factors driving the market growth include growing prevalence of obesity, diabetes and cardiovascular diseases and rising demand for minimally invasive procedures. Introduction of advanced catheters with improved efficacies and increasing number of minimally invasive procedures in emerging Asian markets such as China and India are expected to support the market growth.

Research improvements in clinical trials to inhibit the growth of bio-film development on urinary catheter and introduction of hydrophilic coatings for catheter based delivery systems is anticipated to upsurge the demand of novel catheters for various surgical procedures. Furthermore, growth in the global geriatric population, which is highly prone to infectious diseases, is also expected to attribute towards the industry growth.

Unhealthy lifestyle habits such as excessive smoking, alcohol consumption and medical conditions like diabetes that consequently widens the consumer base by facilitating the need for catheter in surgical procedures, is anticipated to significantly boost the usage rate.

Cardiovascular catheters is estimated to account for the largest share in 2013 over 39.0% owing to the introduction of technologically advanced devices and high acceptance of this catheter in cardiac interventional procedures such as angiography and angioplasty.

However, specialty segment is expected to witness significant gains with the CAGR over 12.0% during the forecast period due to the presence of advance product portfolio that meet the needs of wide spectrum of urological applications such as Foley catheter.

Europe is expected to account for nearly 40% of the global revenue generated in 2020 owing to the presence of favorable government initiatives and a sophisticated healthcare infrastructure.

Asia Pacific is expected to witness the highest growth at a CAGR of 14.3% over the forecast period owing to novel products development and improving healthcare infrastructure in the region during the forecast period.

Key players of the catheter market include Boston Scentific Corporation, Abbott Laboratories, Johnson & Johnson, C.R Bard, Convatech, Cure Medical, Stryker Corporation, and Covidien. Constant research activities conducted in R&D departments and introduction of novel products such as NC Euphora Noncomplaint Balloon Dilation and collaboration with the International Diabetes Federation by Medtronic Inc, account for some of key strategic initiatives implemented by the major players.

Fluorochemicals Market Analysis $31.21 Billion By 2024: Grand View Research

Report Summary:

The global fluorochemicals market size is expected to reach USD 31.21 billion by 2024, according to a new report by Grand View Research. Growing popularity of fluoropolymers in automotive and electronics sectors on account of exhibiting superior properties such as good electrical insulation and tensile strength is expected to have a positive impact on the industry.

Growing demand for aluminum in a host of end-use industries including aviation, automotive, electronics and healthcare is expected to drive demand. Furthermore, expansion of these industries is expected to accelerate growth. Presence of a stringent regulatory framework which includes critical protocols including the Montreal Protocol and Kyoto Protocol has led to the restricted production and use of numerous chemicals including HCFC and CFC.

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Fluorocarbons dominated the global market accounting for over 52% of volume share in 2013. Increasing application of refrigerants in HVAC systems is expected to drive fluorocarbons industry expansion in the near future. Lax regulatory framework in high potential markets of Asia Pacific, including China and India is expected to propel product demand over the forecast period.

Fluoropolymers market is expected to witness significant gains over the forecast period, with an estimated CAGR of over 10.2% from 2014 to 2024. Its increasing demand in automotive, construction and electronic applications is expected to augment growth. Increasing construction spending, particularly in emerging economies of Asia Pacific and Middle East is likely to drive industry growth.

Europe fluorochemicals market accounted for over 12% of global volume share in 2013. Increasing demand for fluoropolymers, inorganic and specialty fluorochemicals in a host of niche applications is expected to drive demand.

Positive automotive sector outlook in China, India and Indonesia is expected to remain favorable factor for growth. Regulatory allowance for investment in metal sector coupled with abundance of aluminum reserves in China and India is expected to increase the application of aluminum trifluoride and have a positive impact on demand in the near future.

DuPont, Solvay SA, Daikin, Honeywell, Arkema SA, Dongyue and Asahi Glass dominated the global fluorochemicals market share in 2013. This industry is moderately consolidated and possesses oligopolistic nature.

In April 2012, Daikin announced plans to launch a new fluorochemical product meant for use in touch panels and displays. In July 2015, Solvay announced that it will supply Halar ECTFE fluoropolymer to Amcor for manufacturing photovoltaic sheets. In June 2012, Arkema SA announced the expansion of its manufacturing facility located in Pierre-Benite. The expansion was aimed at increasing the production of fluoropolymers.

Fingerprint Access Control Systems Market Growth $4.41 Billion By 2022

Report Summary:

The global fingerprint access control systems market is expected to reach USD 4.41 billion by 2022, according to a new report by Grand View Research, Inc. Increasing security threats have generated the need for efficient identification techniques. Strict government laws and regulations have been made to ensure internal and external security. Growing opportunities from niche segments and technology developments are expected to augment industry growth.

Consumer electronics applications such as cellular phones, PDAs and portable computers, and laptops are expected to boost revenue growth over the forecast period. Personal identification is crucial in the e-commerce sector to avoid security breaches and frauds.

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Biometric fingerprint technology can be implemented in a stand-alone manner or could be incorporated with smart cards, digital signatures, or other technologies. For example, in October 2014, MasterCard and Zwipe collaboratively launched a payment card with integrated biometric sensor.

Further key findings from the study suggest:
  • Optical, capacitive, pressure, ultrasonic, and thermal technologies dominate the market. Optical fingerprint access control was valued at over USD 900 million in 2014; it is expected to grow at a CAGR of 7.5% over the forecast period. These sensors are expensive but robust with longer life and high image quality. They are increasingly used for commercial applications, including secure login and identification.
  • Weapon activation and theft protection are also some applications of optical scanners. Capacitive fingerprint access control market is expected to be witness high gains owing to low cost and compact size, and increasing use particularly in smartphones and tablets.
  • The commercial fingerprint biometrics control systems market accounted for significant revenue share in 2014, valued at over USD 850 million in the same year. Government sector includes public sector units, law & order enforcement agencies, and prominent government buildings and institutions.
  • Investment in biometrics-enabled time and attendance tools are expected to experience increased demand over the forecast period. Mandates for security enhancement in government and law enforcement agencies will continue to encourage spending on biometric technologies and adopt government projects such as employee and national ID cards.
  • Asia Pacific biometric fingerprint readers market is anticipated to remain attractive on account of increasing government initiatives and consumer electronics demand. Additionally, promising economies, growth in foreign investments, untapped private security industry, rising business formation activities and high crime rates, are expected to contribute to Latin America and Asia Pacific growth.
  • Key players in the fingerprint access control market include Anviz Global, Cogent (3M), Cross Match Technologies Inc., Daon, Entertech Systems, ViRDI, and Hitachi, IDtech360, ManageID, NEC Corporation of America, Lockheed Martin, MorphoTrust, SecuGen, Safran Group, Suprema, and ZKTeco.
  • Consumer electronics manufacturers have been incorporating biometric sensors into their products. Samsung Electronics struck a deal with Validity Sensors (acquired by Synaptics) for manufacturing sensors for the Samsung Galaxy S5. In 2012, Apple Inc. acquired AuthenTec, and soon released its fingerprint recognition feature called TouchID on the Apple iPhone 5S and above.

Grand View Research has segmented the fingerprint access control market on the basis of technology, application and region:

Technology Outlook (Revenue, USD Million, 2012 – 2022)
  • Optical
  • Capacitive
  • Pressure
  • Ultrasonic
  • Thermal

Application Outlook (Revenue, USD Million, 2012 – 2022)
  • Commercial
  • Consumer Electronics
  • Government
  • Military & Defense
  • Banking & Finance
  • Healthcare
  • Others

Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Friday, 14 August 2015

Global Nitrocellulose Market Growth Is Expected To Reach USD 884.8 Million By 2022, According To A New Report by Grand View Research, Inc.

Global nitrocellulose market is expected to reach USD 884.8 million by 2022, according to a new report by Grand View Research, Inc. Growth of paints and coatings industry on account of increasing construction spending, particularly in Asia Pacific, is expected to drive the global market. As nitrocellulose also finds application in leather coatings and furniture, trade development has also contributed towards market development. However, nitrocellulose has been facing a stiff competition in automotive coatings from its substitute products including acrylic enamel, acrylic lacquer and two-pack paint.

Printing inks was the leading application segment and accounted for over 26.7% of total nitrocellulose industry volume in 2014. Superior properties such as quick drying ability, good adhesion to the material and low reactivity to additives is expected to remain a key driving factor for this segment over the forecast period, with CAGR expected to be 6.2% from 2015 to 2022. Growing acceptance of flexographic printing across myriad end-use industries coupled with growing furniture and packaging industry is also likely to assist the global market growth.

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Further key findings from the study suggest:
  • Global nitrocellulose market size was 179.3 kilo tons in 2014 and is expected to grow at a CAGR of 5.7% from 2015 to 2022.
  • Asia Pacific was the leading regional market with demand share estimated at 51.6% in 2014. Growth of key end-use industries on account of increasing construction spending particularly in China, India and Indonesia is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth of 6.3% from 2015 to 2022.
  • Middle East & Africa is also expected to witness significant growth over the forecast period. Increasing construction activities in South Africa and Saudi Arabia is expected to drive the regional market. 
  • The industry is highly fragmented with large number of local manufacturers operating in an unorganized sector of the market. Dow Wolff and SNPC are the most prominent business players in the industry. Presence of large number of participants makes the industry highly competitive. Other companies operating in the global nitrocellulose market include Atomax Chemicals Co., Ltd., Nitro Quimica, Hengshui Orient Chemical Co., Ltd., Nobel NC, Synthesia, IVM Chemicals, Hagedorn, Tembec Inc., TNC Industrial Co., Ltd., Nitrochemie AG and EURENCO.

Grand View Research has segmented the nitrocellulose market on the basis of application and region:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Printing Inks
  • Automotive Paints
  • Wood Coatings
  • Leather Finishes
  • Nail Varnish
  • Others

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
email: sales@grandviewresearch.com

Therapeutic Respiratory Devices Market Analysis $19.2 Bn By 2022: Grand View Research

Global therapeutic respiratory devices market is expected to reach USD 19.2 billion by 2022, according to a new report by Grand View Research Inc. Increasing geriatric population contributing towards growing target disease prevalence levels is a key factor expected to attribute towards market growth.

Rising prevalence of disorders such as COPD and sleep apnea is expected to be a critical growth driver. Prevalence of these disorders is expected to constantly rise over the next six years owing to the growing prevalence of cardiovascular disorders, hypertension, obesity, and other lifestyle induced disorders.

Increasing need of emergency treatment for prolonged illnesses and protracted treatment associated with lung diseases in children as well as adults are expected to drive market growth over the next seven years. The introduction of technology innovations is expected to serve as future growth opportunities.

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Further key findings from the study suggest:
  • Positive airway pressure devices dominated the product segment in 2014, with market size valued at over 4.0 billion. Growing demand for portable PAP devices and high associated efficacy rates are some key factors expected to drive segment growth.
  • HEPA filtration was the largest technology segment, accounting for over 35.0% of the market share in 2014. High usage of these filters in therapeutic respiratory devices is a major factor contributing towards the segment’s market position.
  • Furthermore, technological advancements in these filters such as the availability of washable HEPA filters and incorporation of HEPA 4 technology is further likely to boost usage rates.
  • Regionally, North America dominated the therapeutic respiratory devices market owing to the presence of high diagnosis rates supported by the presence of sophisticated healthcare infrastructure. Increasing government funding, and the availability of well structured reimbursement framework will also contribute towards healthy market growth.
  • Asia Pacific is expected to witness significant gains, at over 12.0% during the forecast period, driven by the rising incidence of respiratory disorders in the region. Rising healthcare expenditure levels and the presence of high unmet medical need is also a vital growth driver.
  • Key players operating in the therapeutic respiratory devices market include Smiths Medical, GE Healthcare, CareFusion Corporation, Philips Healthcare and Covidien Plc.
  • The market is expected to remain highly competitive, which may see extensive R&D investments aimed at technology innovation, as a widely utilized business strategy.

Grand View Research has segmented the global therapeutic respiratory devices market on the basis of products, technology, filters and region:

Screenless Display Market Trends, Growth, and Forecast To Reach $5.59 Billion By 2020

The global screenless display market size is expected to reach USD 5.59 billion by 2020, according to a new report by Grand View Research, Inc. These devices came into progress during the year 2013 with the arrival of products such as virtual reality headsets, holographic videos, mobile phones for the elderly, retinal displays, bionic contact lenses, etc.

Proliferation of external monitors, reading devices and mobile phones with large screens serve as key enablers for the industry. As screenless display cost associated with procurement and deployment of the technology reduces, its application will witness exponential growth across industry verticals. Companies are investing in research and development to innovate products such as screenless computers, tablets, televisions and mobile phones.

Screenless displays offer an interactive projection technology developed to solve the issues related to device miniaturization of modern communication technologies. The lack of space in screen-based devices provides an opportunity for screenless display industry growth and development. High system cost may act as a growth restraint.

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Further key findings from the study suggest:
  • Visual image screenless display market is expected to dominate revenue over the forecast period, which can primarily be attributed to high demand for hologram technology. The limitation of conventional 3D displays is that the observer has no freedom of head movement or the freedom to increase information about the 3D objects being projected. Such limitations are overcome by holographic technology, which allow freedom of movement to the user.
  • Consumer electronics accounted for over 40% of the overall revenue in 2014, and is expected to remain the largest application segment over the next few years. Virtual reality and augmented reality are upcoming fields wherein the technology finds considerable application.
  • North America screenless display market is expected to remain the industry leader, primarily due to presence of key participants. Manufacturers are constantly developing and enhancing the technology to make it more sophisticated and to integrate it with consumer-grade devices. Google and Vuzix have aimed to increase adoption of smart wearable technology among consumers. Holographic video development is being carried out in MIT’s Media Lab.
  • Notable players involved in R&D include Avegant, Google, Kapsys, Displair, etc. Optical technology helps project images and data from computers or video players into the viewer's visual field. For instance, MicroVision’s HMDs allow Army tank commanders to view the surrounding area from topside while simultaneously viewing a translucent map that floats a couple of feet away. This industry is characterized by M&A activities and strategic alliances to boost technology development.

Grand View Research has segmented the global screenless display market on the basis of technology, application, and region:

Technology Outlook (Revenue, USD Million, 2013 – 2020)
  • Visual Image
  • Retinal Display
  • Synaptic Interface

Application Outlook (Revenue, USD Million, 2013 – 2020)
  • Augmented Reality
  • Virtual Reality
  • Consumer Electronics
  • Others

Regional Outlook (Revenue, USD Million, 2013 – 2020)
  • North America
  • Europe
  • Asia Pacific Reach $5.59 Billion By 2020

Wednesday, 12 August 2015

Aerial Work Platform Truck Market Growth $8.0 Billion By 2022 At Grand View Research

Report Summary:

The global aerial work platform (AWP) truck market is expected to reach USD 8.0 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government investment in construction sector paired with growing concerns regarding worker safety is expected to drive AWP truck industry growth over the coming years. Growing emphasis on infrastructure development along with rising private investment in real-estate may also spur product demand. In addition, increasing demand for material handling, especially in manufacturing units and factories, is anticipated to significantly fuel AWP truck market growth.

This equipment is primarily used to elevate workers and equipment throughout the manitenance or construction process. The developing telecommunication industry owing to rapidly increasing smartphone users, particularly in Asia, may escalate aerial work platform truck market demand. Industry growth can be attributed to strong economic growth, especially in countries such as India, China, Brazil, and some parts of Europe.

Technological advancements resulting in the development of electrically or hydraulically propelled elevating platforms in order to meet emission standards and cope with growing environmental issues are also anticipated to favorably impact growth. Rising demand application areas such as construction of wind, solar and other energy-generation installations may drive revenue over the coming years. 

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Further key findings from the study suggest:

Boom lifts market is poised for high growth over the next six years owing to increasing usage of these lifts for tricky architecture or smaller spaces with limited access. This can be further attributed to the several benefits offered by these lifts such as mobility, tight turning radius, standard oscillating axle, and compact design.
Construction applications accounted for over 30% of the overall AWP truck industry in 2014, and are expected to witness high growth over the forecast period. Growing infrastructure development and private investment in real-estate are expected to be key factors responsible for growth in this sector.
Telecommunication industry is expected to exhibit high growth, which can be attributed to increasing number of smartphone users particularly in Asia. Smartphone proliferation and the associated need for improved telecom infrastructure for better connectivity are expected to elevate demand in the telecommunication industry.
North America captured a sizable share of the aerial work platform truck market in 2014, which can be attributed to considerable technological advancements. In addition, increasing maintenance and repair activities coupled with growing concerns and norms regarding worker safety are further propelling product demand in this region.
Key industry players such as Tadano, Aichi, Terex and Haulotte focus on automating manufacturing process so as to improve product quality and reliability. Mergers & acquisitions also form a part of core business strategy. Industry participants also emphasize on mergers and collaborations as it helps in joint sales and marketing efforts and product development.
Grand View Research has segmented the global aerial work platform truck market on the basis of product, end-use and region:

Aerial Work Platform Truck Product Outlook (Revenue, USD Million, 2012 – 2022)
  • Boom Lifts
  • Scissor Lifts
  • Vertical Mast Lifts
  • Personnel Portable Lifts

Aerial Work Platform Truck End-Use Outlook (Revenue, USD Million, 2012 – 2022)
  • Construction
  • Telecommunication
  • Transport & Logistics
  • Government
  • Others

Aerial Work Platform Truck Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Fluoropolymer Market Share Is Expected To Reach USD 11.11 Billion By 2022

Global fluoropolymer market size is expected to reach USD 11.11 billion by 2022, according to a new report by Grand View Research, Inc. High tensile strength and excellent insulation properties have driven fluoropolymer penetration in electronics, automotive and construction applications. Positive outlook on these end-use industries is expected to be one of the primary growth factors over the forecast period.

Increasing government spending on infrastructure in China, India and the Middle East is expected to drive architectural coatings demand. Fluoropolymer coatings exhibit protection against corrosion & chemicals and high temperature tolerance, which makes them useful for architectural applications. In addition, these coatings are used in automobiles for protection against scratches and abrasions. DuPont (Chemours) manufactures and markets fluoropolymer coating under the brand name, Teflon.

In terms of application, industrial applications dominated the global market, accounting for over 30% of volume share in 2014. It is used in a wide range of applications including gears, sliding plates and bearings, which require low friction. Expansion of manufacturing industry in India, China, Mexico, Brazil and Russia is expected to drive demand for PTFE as an additional lubricant.

Further key findings from the study suggest:
  • Global fluoropolymer market demand was 720.8 kilo tons in 2014 and is expected to reach 1,600.4 kilo tons by 2022, growing at a CAGR of 10.3% from 2015 to 2022.
  • PVDF is expected to witness substantial gains at a CAGR of over 14% from 2015 to 2022. It acts as a ferroelectric material exhibiting piezoelectric and pyroelectric properties. In addition, flexibility, low weight & thermal conductivity and high resistance to chemical corrosion & heat have resulted in its use for manufacturing electric wires.
  • Growing demand for electric wires in appliances and equipment is expected to drive PVDF demand over the forecast period. In July 2014, Kureha Corporation commenced production of PVDF at its manufacturing unit, Changshu, China. The plant has an annual capacity of 5,000 tons.
  • North America market accounted for over 40% of global volume share in 2014. Large scale electronic and automobile manufacturing coupled with housing sector growth in the U.S. has resulted in high demand for the product. This trend is expected to continue over the forecast period. Moreover, expanding coating industry along with the introduction of new coating products and technologies is expected to stimulate industry growth.
  • Asia Pacific is expected to witness significant growth at a CAGR of 10.9% from 2015 to 2022 owing to demand for fluoropolymer in a wide range of applications including coatings and electronics. Technological advancement in the field of electronics, particularly in China, Taiwan and South Korea, has led to an increasing utilization of these materials in providing high thermal stability and superior tensile strength.
  • Chemours, Daikin, 3M, Solvay and Dongyue Group jointly accounted for over 70% of the global fluoropolymer market share in 2014. Strategic partnership between manufacturers and buyers, coupled with product innovation is expected to be a critical strategy for gaining competitive advantage.

For the purpose of this report, Grand View Research has segmented the global fluoropolymer market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • PTFE
  • PVDF
  • FEP
  • Fluoroelastomers
  • Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Automotive
  • Electrical & Electronics
  • Construction
  • Industrial
  • Others
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Medical Robotic Systems Market Report Is Expected To Reach USD 17.89 Billion By 2022

Global medical robotic systems market revenue is expected to reach USD 17.89 billion by 2022, according to a new report by Grand View Research, Inc. Key drivers of this market include the increasing demand for robotic surgeries, constant improvement in healthcare infrastructure in emerging economies, improving reimbursement policies and increasing awareness levels amongst healthcare establishments, and practitioners.

According to data published by the U.S. FDA in 2012, approximately 450,000 robotic assisted surgeries were performed. The increase in prevalence of cancer, neurological disorders, spinal disorders, and prostate disorders are expected to further propel the demand for minimally invasive surgeries and consequently boost market growth. 

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Further key findings from the study suggest:


  • The introduction of new generation robotic systems integrated with advanced data recorders, remote navigation systems, HD microscopic cameras, data analytic systems, motion sensors; 3D-Imaging and robotic controlled catheters are further expected to boost demand over the forecast period
  • Surgical robots was the largest product segment at over 60.0% in 2014, owing to the increasing number of robotic surgeries performed and increase in patient acceptance pertaining to assisted minimally invasive surgeries.
  • Non medical hospital robotic systems are identified as the fastest growing product segment. Key factors accounting for this rapid growth include growing interest in telemedicine robots and cart robots which improve the automation in the hospital sector and also improve the patient care.
  • On the basis of application, laparoscopy enabled systems accounted for the largest revenue share at 80.0% in 2014. Increase in geriatric population and rise in the prevalence of neurological disorders such as brain tumors, strokes, and spinal disorders are some factors expected to drive segment growth over the forecast period.
  • In 2014, North America was the largest regional market with revenue share valued at over 40% owing to, the presence of advanced healthcare infrastructure, increasing demand for robot assisted surgeries, better reimbursement policies and the increasing geriatric population.
  • Asia Pacific market is the most lucrative in terms of future growth. The presence of high unmet medical needs, growth in public and private healthcare investment, improving reimbursement framework, and the increasing healthcare expenditure levels.
  • The global industry share is majorly dominated by companies such as Intuitive Surgical Inc., Mazor Robotics and Hansen.
  • Other players like Accuray, S.R.L, Health robotics Varian, Reninshaw Plc. have developed products and applications catering to certain niche areas to establish market domination.


For the purpose of this report, Grand View Research has segmented the market on the basis of product, application and region:

Table of Content

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Medical Robotic Systems Industry Outlook
                   3.1 Market segmentation
                   3.2 Market size and growth prospects, 2012 - 2022
                   3.3 Medical robotic systems market dynamics
                      3.3.1 Market driver analysis
                           3.3.1.1 Increasing prevalence of diseases like cancer neurological disorders and cardiovascular diseases
                                   3.3.1.1.1 Neurological disorders
                                   3.3.1.1.2 Cancer
                                   3.3.1.1.3 Cardiovascular
                           3.3.1.2 Increasing global geriatric population
                           3.3.1.3 Increasing MIS surgeries
                                   3.3.1.3.1 Volume of minimally invasive surgeries, 2005-2014 (Thousand)
                           3.3.1.4 Increasing usage of medical robotics in the U.S.
                           3.3.1.5 Technological advancements for medical robotics
                           3.3.1.6 Introduction of cost effective medical robots
                      3.3.2 Market restraint analysis
                           3.3.2.1 Presence of stringent regulatory framework
                           3.3.2.2 Capital intensive market
                           3.3.2.3 Lack of reimbursement policy
                   3.4 Key Opportunities Prioritized: Product
                   3.5 Industry analysis – Porter’s
                   3.6 Medical robotic systems – PESTEL Analysis
                   3.7 Medical robotic systems company market share analysis
                   3.8 Recommendations

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Rising Mining and Construction Activities Boost Utility Trucks Demand

26 November 2020: Utility vehicles are motorized vehicles that carry out a particular task more effectively than a passenger vehicle. Utili...