Buzz Pocket: April 2021

Friday, April 30, 2021

Competitive Scenario: Oxygen Cylinder and Concentrator Market Scope by Demand, Trends to Expand Significantly by 2027

According to a study, Oxygen Cylinder and Concentrator Market by Research Dive, the market is expected to reach $5,052.1 million by 2026, registering a CAGR of 8.7% from 2019-2026.

Growing utilization from different applications and increasing focus on consumption are some of the oxygen cylinder and concentrator market drivers.

The oxygen cylinder and concentrator market is primarily dominated by growing utilization from different applications, for instance, healthcare, pharmaceutical biotechnology and manufacturing industries. According to American Academy of Allergy, Asthma Immunology (AAAAI), about 320 million people worldwide are diagnosed with Asthma, of which about 255000 are suffering from the disease. However, it is estimated that by the end of 2026, the number of asthma patients would continue to grow by more than 102 million. This factors further enhance the market in healthcare and medical segment. Additionally, rising demands for adventure sports such as mountain climbing and scuba diving is additional factor for the market growth. Moreover, increasing air pollution, rising the oxygen cylinder usage in manufacturing and production industry will drive the growth of the market in the coming years. The oxygen cylinder and concentrator market size is restrained by the oxygen cylinder production rate, availability of oxygen cylinders and price of the concentrators.ADVERTISEMENT

The global oxygen cylinder and concentrator market is segmented into fixed and portable concentrator. The market is dominated by portable oxygen concentrators, and it is predicted to reach $2875.5 million by 2026 and at a growth rate of 8.4%, it is expected continue to dominate in the coming years, due to their mobility and easy handling. Fixed concentrator market is expected to grow at a CAGR of 9.1%, and projected to reach $2176.6 million by the end of 2026.

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Based on end-use, the global oxygen cylinder and concentrator market is dominated by healthcare industry and growing at 8.4% CAGR. The market for healthcare sector is accounted for $1231.3 million in 2018, it is expected to reach $2347.5 million during forecast timeframe, this is mainly owing to the rising demand from oxygen dependent patients. Over the forecast period, the manufacturing industry is projected to reach $1152.8 million by the end of 2026, and expected to increase the market, growing at a CAGR of 9.8%. Along with manufacturing industry, pharmaceutical biotechnology industry is witness to upsurge growth of the market over forecast period, at a CAGR of 8.9%.ADVERTISEMENT

Asia Pacific oxygen cylinder and concentrator market Forecast:

The oxygen cylinder and concentrator market for Asia Pacific has generated $724.2 million in 2018, at a CAGR of 9.3% and is projected to reach 1475.2 million by the end of 2026. India market is anticipated to experience vigorous growth in the coming years, due to the growing demands form pharmaceutical biotechnology and manufacture sectors in Asia Pacific.

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North America Oxygen Cylinder and concentrator market Growth:

North America region accounted to hold the majority of the market share and dominated the market in 2018, generating a revenue of 2200.8 million by 2026, at a CAGR of 8.4%. In 2018, U.S. produced 42% of regional oxygen cylinder and concentrator market share, due to the frequently occurrence of respiratory problems caused because of the sudden change in climatic conditions along increasing number of aged populace will drive the growth of the market.

Chart Industries (AirSep), Inogen Inc., NIDEK Medical Products Inc., DeVilbiss Healthcare (Drive DeVilbiss Healthcare), Invacare Corporation, Worthington Industries, Inova Labs Inc (ResMed), Koninklijke Philips N.V. (Philips Healthcare), Teijin Limited Company and O2 Concepts are some of the global oxygen cylinder and concentrator market players.

These companies are adopting new technologies and RD advancements to gain major share in overall market. Current improvements in market by Teijin Limited Company includes in new device launch Therapeutic oxygen concentrator: Hi-Sanso, in order to increase their share in overall oxygen cylinder and concentrator market.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Growth Outlook: Organ Care System for Lungs Market Expand their Businesses with New Investments

As per International Society of Heart and Lung Transplantation worldwide lung care operation is increasing year on year, it is estimated that 40000 cases are annually operated in centers which are limited in numbers. Lack of physical activity among the people is predicted to have a large number of share for the growth of the market. Along with the unhealthy habits like smoking and alcohol consumption, that is been adopted by a large number of population is expected to drive the market.

According to a survey, 77% of the donated lung gets spoiled in U.S. due to the unavailability of cold storage.ADVERTISEMENThttps://133ca517577f0d8666b3ae2233f7f08c.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Cold storage is considered as main constraints, the complications after post transplantation affect patient health if the storage is not appropriate. In addition, After the lung transplantation the lifespan of a patient becomes riskier as compared to other transplantation like liver or kidney. The unavailability of the lungs is one of the biggest restrains, as the donors are not easily available which adversely affect the organ care system market for lung.

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Trolley based and portable based are the two segment in the organ care system market for lung. Trolley based is the transplantation device which is been used widely and is available in maximum number of centers. Trolley based OCS market size for lung is anticipated to grow at a CAGR of 19.7% and generating a revenue of $3354.6 thousands by 2026. Portable based is efficient in terms of increasing organ efficiency, helps in healthier organ transplantation, portable and easy to carry within the time frame are the main factor for the growth of the portable based. It is expected to generate a revenue of $2254.4 thousands by 2026 at a CAGR of 18%.

Asia pacific Organ Care System Market share for Lung:

Asia pacific is considered to be one the biggest market for the Organ Care System Market for Lung, most of the Asian countries lack in presence of medical and its services. As it is considered that the OCS lung market size is expected to grow at 18% CAGR by generating $975.3 thousands in the forecast period.

North American Market Share in Organ Care System Market share for Lung:

In 2018, North America is the major market in OCS market for lung. It is projected to grow at a CAGR of 23.0%. by $2760.2 thousands by 2026. The market is projected to grow with the increase in the lung diseases and presence of increased elderly population. Similarly, the Europe is also considered the major market followed by North America, which holds the maximum OCS lung market share in 2018 by $398.5 thousands and is projected to increase at 15.0% CAGR by generating a revenue of $1219.1 thousands by 2026.ADVERTISEMENT

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The tubeless insulin pump market players are Transmedics, Xvivo Perfusion AB, Organ Assist B.V. and among others. The major key players are investing in their research and development to develop a new product with advanced technology can be considered to boost the overall OCS lung market. TransMedics have invested around $50 million and have supported the organ care system that is developed, which improves the organs function after the body have been removed.

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Emerging Trends: Organ Care System for Liver Market Revenue, Growth Rates, and Industry Challenges in 2027

According to a study, Organ Care System Market Share for Liver by Research Dive, will surpass $40.5 million by the end of 2026. Rising prevalence of liver disease patients, coupled with the decreased surgical complications in liver transplantation will upsurge the global market by the year 2026.

The organ care system (OCS) is medical device which maintain organ viability by providing an artificially regulated environment that stimulates near-normal physiological conditions. This cutting-edge technology allows institutions and physicians to maximize the potential of donor liver along with monitoring of liver throughout the entire process, assuring transplant teams can preserve organs in an optimal condition. growing burden of liver cirrhosis worldwide, reducing post-transplantation complications and shortening the length of hospital stay are expected to drive the market organ care system for liver. Moreover, livers have longer acceptable ischemic time, if compared with liver heart. However, alcohol relapse after liver transplantation(LT) and high degree of risk such factors can restrain the growth of OCS market for liver. In addition, ethical issues are also lag behind the technical advances. According to Brazilian Transplants Registry ABTO, globally, Brazil occupies in the top five positions for liver transplantation. Furthermore, key factors such as significant growth in the number of transplantation centers, consequent growth in the number of liver transplants expansion of living donor programs are expected to grow the Organ Care System Market share for Liver.ADVERTISEMENT

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On the basis of mode of handling, organ care system market for liver is bifurcated into Trolley based organ care system and portable based organ care system.

Trolley based organ care system for liver generated revenue of $12.0 million in 2018, and it is expected to reach upto $22.4 million by the 2026.

Portable OCS market for liver reached upto $9.1 million in 2018, and it is projected to reach upto $18.1 million by the end 2026.ease-of-handle and requirement of less space coupled with due to newest technological invention of cold storage in the portable organ care system expected to upsurge the organ care system market growth.ADVERTISEMENT

North Americas OCS Market size for Liver was $8.9 million by end of 2018 and is anticipated to rise at 10.0% CAGR during the analyzed period. Asia-Pacific organ care system market for liver market registered a growth rate of 7.2% during the forecast period. This market will surpass $6.0 million by 2026, growing from $3.5 million in 2018. China, India, and Taiwan are the key contributors to the growth of regional market.

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Some of the significant key players in the global organ care system market for liver areTransMedics Inc., Bridge to Life Ltd., Organ Assist B.V., Organ Recovery Systems Inc., Water Medical System LLC, Preservation Solution Inc., XVIVO Perfusion AB, Paragonix Technologies Inc., Preservation Solution Inc., Organ Transport System Inc., OrganOx Limited, such players are beginning with various strategies to strengthen their presence such as new product development, merger acquisitions etc. For instance, MyCartis XVIVO collaborated to develop a fast diagnostic test to check the quality of organs which are donated.

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Opportunities: Neonatal Ventilator Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2027

According to a study, Neonatal Ventilator Market by Research Dive, the global neonatal ventilator market size is expected to account for $ 474.0 Million by the end of 2026, registering 6.4% CAGR over the forecast period.

Growing chronic respiratory diseases in the preterm babies is owing to the rising adoption of neonatal ventilators globally.

The neonatal ventilator market drivers include the swift growth of technological developments in healthcare set-up, especially in the developing countries. Moreover, growing awareness about the treatments that are present for treating chronic respiratory diseases will further help the rapid adoption of neonatal ventilators, and these factors will further aid in the market development. Growing government support, rising disposable income, private funding and awareness level for the prevention with better treatment for respiratory diseases is anticipated to help in neonatal ventilator market growth in the coming years.ADVERTISEMENT

The high cost of neonatal ventilators is anticipated to hamper the acceptance rate globally. This restraint is observed in respect to non-invasive ventilator, which are highly effective in comparison to invasive ventilator. Moreover, the lack of healthcare infrastructure, skilled practitioners, and low budget for healthcare amenities in underdeveloped economies will hamper the smoother adoption of neonatal ventilators across the world.

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On the basis of product type, invasive neonatal ventilator market has registered significant growth during the forecast period and it is anticipated to reach $317.7 million by 2026, with a CAGR of 6.2%. This is mainly due to the increasing consumption of preterm intensive care units. The non-invasive ventilator market size is anticipated to reach $156.3 million by 2026, with 6.8% CAGR.

The mechanical ventilator has substantial growth and dominated the global market in 2018, owing to recent developments such as significant reduction in the mortality and morbidity rates. Along with mechanical ventilator, the high-frequency ventilator has a prominent growth in the coming future, and is anticipated to reach $140.9 million by 2026, at a growth rate of 7.2%.ADVERTISEMENT

Pressure mode neonatal ventilator market has a significant growth in the coming future and it is anticipated to reach $145.4 million by 2026, at a CAGR of 6.7%. The combined ventilation market is projected to grow over forecast period, and anticipated to reach $89.2 million by 2026, at a CAGR of 7.0%. In addition, one of the rapidly growing diseases among newborn babies is respiratory distress syndrome. Combined mode ventilation assists in order to reduce the risk of breathing problem and lung injury in preterm births.

The neonatal ventilator market for hospitals is projected to continue its dominance and will grow at 6.2% CAGR. This segment is anticipated to reach $322.2 million by 2026. Along with hospitals, the market for clinics will experience a robust growth during forecast period, and is projected to reach $61.3 million by 2026.

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Asia-Pacific neonatal ventilator market is anticipated to grow rapidly during the projected period, and is anticipated to reach $114.0 million by the end of 2026, at a growth rate of 7.0%. This is majorly due to the swift growth in the product consumption in clinical and hospital end-users. Rapid expansions in the new facilities, coupled with rising investments in this sector will further provide a boost to the market. The North America market dominated the global market in 2018. This region will witness market growth 6.8% and is anticipated to reach $236.9 million by 2026.

Top 10 Key Players in Neonatal Ventilator Market Includes:

1. Smith Medical
2. Medtronic Plc
3. Phillips Respironics
4. Breas Medical
5. CareFusion
6. Drager Medical
7. ResMed
8. Maquet
9. Hamilton Medical
10. GE Healthcare

These manufacturers are continuously increasing their efforts on RD activities, as it will help to increase their position in the global market. Recent developments in the neonatal ventilator market by Hamilton Medical include a product launch of Hamilton C6 Ventilator in December 2019. With this strategy, they are planning to improve their share in this market.

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In-Depth Analysis: Cancer Stem Cells Market by Key Vendors, Challenges and Opportunities 2027

According to a study, Cancer Stem Cells Market by Research Dive, the global market will surpass $1,722.7 million by 2026. Rising number of cancer patients, coupled with the latest advancements in cancer stem cells will upsurge the global market by the year 2026.

Rising tension of cancer all over the world is one of the significant factor which drives the growth of cancer stem cells market. According to the World Health Organization (WHO), one out of six deaths are occurs due to cancers such as breast cancer, lungs cancer and others. The causes for the growing cases of cancer patients include urban air pollution, sexually transmitted HPV infection, alcohol consumption, poor intake of fruit and vegetables. Moreover, late-stage presentation and inaccessible diagnosis are the common factor which increases risk of cancer. On the other hand, stem cell research has capability to manufacture different types of medicines for diseases along with finding drugs that can be used for treatment of cancer. However, issues such as expensive stem cell therapy treatments strict international rules and are hampering the global cancer stem cells market growth. Such therapy utilizes living cells to treat disease coupled with processes like collecting, altering, storing and applying to technology. Thus, the cost of stem cell therapy ranges between $5,000 to $8,000 per stem cell treatment also it can be around $25,000 or more than that.ADVERTISEMENT

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Researchers of Tel Aviv University introduced newly advanced biosensor which can target leukemic stem cells. They are more focusing on decreasing the rate of relapse in blood cancer by targeting most malignant leukemic stem cells. Such latest technological advancements anticipated to drive the growth of market. Stem cell research is the rapidly growing medical practice in Turkey. Therefore, this country is now recognized as rising star of Europe in stem cell. Turkish hospitality and friendliness is well deserved along with high quality, low cost stem cell treatment, modern laboratory equipment creating enormous opportunities for the investors of stem cells.

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Breast cancer market will surpass $295.0 million in the year 2026, and is anticipated to rise at 10.4% CAGR during the estimate period. The cancer stem cells market for bladder is anticipated to increase at 11.2% CAGR, and will surpass $275.8 million by 2026, rising from $117.9 million in 2018.

Global market for stem cell based cancer therapy was $440.3 million by end of 2018 and is anticipated to grow at 9.3% CAGR. This is majorly due to the rising advancements in stem cell therapy of Asia-Pacific and Europe region.

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Regional Investment Opportunities:

North America cancer stem cell market is generated revenue of $365.64 million by end of 2018 and is anticipated to rise at 10% CAGR during the analyzed period. Asia-Pacific market registered a growth rate of 11.2% during the forecast period. This market will surpass $367.68 million by 2026, growing from $157.26 million in 2018. China, India, and Japan are the key contributors to the growth of regional market.

Key players in cancer stem cells market and their strategies:

Some of the major players in the global cancer stem cells market areAdnaGen GmbH, Advanced Cell Diagnostics, Inc., AVIVA Biosciences Corporation, Celula, Inc., Epic Sciences, Inc., Fluxion Biosciences, Inc., Rarecells USA, Inc. and Silicon Biosystems, S.p.A.These players are initiating various steps in order strengthen their presence such as merger acquisitions, new product development etc. For instance, in January 2019, Fluxion Biosciences launched custom liquid biopsy NGS (Next Generation Sequencing) panel development. In liquid biopsy, NGS has been applied to sequencing of circulating tumor DNA. This technology has led to noteworthy reduction in the cost of sequencing coupled with improved accuracy.

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Challenges: Organ Care System for Heart Market by Key Driver, Challenges and Opportunities 2027

According to a study, Organ Care System Market for Heart by Research Dive, the market was accounted for $11.0 million in 2018, is anticipated to reach $37.2 million by the end of 2026, at a CAGR of 16.5%.

The global organ care system market for heart is majorly driven by increasing the number of patients suffering from cardiovascular diseases. The common problem for cardiovascular disease is due to heart failure. According to the World Health Organization (WHO), 17.9 million people around the world are suffering from cardiovascular diseases every year, and 37% of deaths are occurring. In such cases, heart transplantation is the only solution, which will be a major driving factor for this market. In addition to this, alcohol consumption and tobacco usage are increasing regularly among people, and they leads to heart strokes and heart attacks. This will also provide a significant boost to the organ care system heart market size during the projected period.ADVERTISEMENT

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Treatment cost for heart transplantation, coupled with the shortage of organ availability for conducting transplantation will hinder the organ care system market for heart. This is creating a huge wait time for the new receivers for heart transplantation, and this will also act as a significant restraint for this market to grow. Various governing bodies are taking initiatives in order to create awareness among the people about organ donation, for example, the National Organ Transplant Program in India and a nonprofit organization in the U.S. Donate Life America are significantly creating awareness among the people about the organ donation and their benefits.

The OCS market for heart is categorized into two types, based on mode of handling, trolley and portable type. Portable organ care systems segment is expected a robust growth in the coming years and projected to reach $4.7 million by 2026, growing at a rate of 18.0%, owing to its portability. Trolley organ care system is estimated to reach $6.3 million and at 15.3% CAGR.

Asia-Pacific organ care system market for heart will witness substantial growth during the forecast time period, and is projected to account for $4.6 million by 2026, at a CAGR of 12.0%. This is due to the growing initiatives from government in the developing countries of this region, such as the execution of organ transplantation and conducting organ donation awareness programs in Asia-Pacific countries. Moreover, OCS heart market in Europe is expected to account for $6.5 million, at a growth rate of 11.0% by the end of 2026. This is due to growing the market participants.ADVERTISEMENT

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North American Organ Care System Market:

North America dominated the global market of Organ Care System Market and registered for $5.2 million in 2018, is estimated to grow in the coming years, and projected to reach $22.2 million by 2026, at 22.0% CAGR. This is owing to the majority of the key participants in this region.

Advancements and Key Players in organ care system market for Hearth:

Paragonix Technologies Inc., and TransMedics Inc., are the major key players in the global organ care system market. The key participants are concentrating on advancements in new technology, upgradation of available technologies and introducing new products. In March 2019, Paragonix Technologies demonstrated Paragonix SherpaPak Cardiac Transport System at the International Society for Heart and Lung Transplantation (ISHLT), 2019 annual meeting. This is an organ storage system and organ can be stored up to 4 hrs.

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Advancement: Chromatography Systems Market by Top Key Players, Applications and Forecast to 2020-2027

The global Chromatography Systems Market has registered for $9739.4 million in 2018, according to a new report published by Research Dive. The market is anticipated to reach $16014.9 million by 2026 and at a CAGR of 6.6% over forecast period.

The global Market is mainly driven by the hospital research industry, due to wide range of usage in RD activities, separation of complex mixtures and cancer cells identification in human body. In food industry the chromatography technique is utilized for separation of organic compounds, vitamins, amino acids and contaminants in the food product, these will enhance the growth of the chromatography market. Increasing the usage of chromatography technique in forensic labs and research laboratories to identify if a dead person has consumed alcohol or drugs previous to death, in addition to identify if the person was poisoned. Additionally, the chromatography system has wide range of applications such as air quality monitoring. In chemical industry air monitoring is used to identify the purity of chemicals and examining the chemical compounds that will enhance the Chromatography Systems Market growth. The price of the device and availability of alternative techniques will restrict the growth of chromatic system market. Lack of skilled labor is the major factor hindering the chromatography systems market growth.ADVERTISEMENT

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Chromatography system in global market is classified on the basis of type and end-use. As per the type, the global chromatography is divided into gas chromatography, liquid chromatography and others. Gas Chromatography Systems Market is generated majority of the revenue in 2018 and it is expected to reach $7145.1 million and at a CAGR of 7.1%, over forecast timeframe. This is due to gas chromatography is widely used in petrochemical industry and research laboratories. Beside gas chromatography, the liquid chromatography market is estimated significant growth over forecast period, at a 7.5 %CAGR.

On the basis of end-use, hospital research industry is dominated the chromatography system in global market in 2018, is anticipated to produce $5983.1 million by 2026, and at a 7.0% CAGR, owing to extensively use as diagnostic tool in hospital research industry. Additionally, pharmaceutical segment will experience significant growth and projected to account for $5651.4 million by 2026, at a CAGR of 7.3%, owing to liquid chromatography is the essential technique in pharmaceutical industry for development and purification of medicine compounds and analysis of contaminants in drugs.ADVERTISEMENThttps://571acc7eac848bdceef7f9ad9f2cdfbd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Asia Pacific Chromatography Systems Market

Asia Pacific will experience significant growth and expected to reach $3283.9 million by 2026, and at a CAGR of 7.5%. This is owing to increase in the research and development activities in pharmaceutical and biomedical industry to produce new products. Along with Asia-Pacific, Europe Chromatography Systems Market is anticipated to experience vigorous growth and is projected to reach $5176.2 million by the end of 2026, at a CAGR of 7.1%. This is due to investments done by the chemical and pharmaceutical industries for merger acquisitions and geographically expansions. Chromatography is strong analytic technique in pharmaceutical industry.

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North America Chromatography Systems Market

The chromatography market for North America region held highest value, and accounted for $3521.5 million in 2018, and is expected to account for $5960.6 million, at a CAGR of 6.8% during forecast timeframe. This is due to rising the usage of chromatography technique in pharmaceutical biotechnology industry, government investments on forensic testing and biomedical application

Top 10 Key Players in Chromatography Systems Market includes-

1. Waters Corporation
2. JASCO Inc.
3. Novasep Holding
4. Agilent Technologies Inc.
5. Perkin Elmer Inc.
6. Quadrex Corporation
7. GE Healthcare
8. Bio-Rad Laboratories Inc.
9. Thermo Fisher Scientific
10. GL Sciences Inc.

These companies are adopting new strategies such as RD investments, new product launches and mergers and acquisitions to gain highest market share in the overall industry. The Agilent Technologies is launched new instrument Agilent 8860 GC system for Indian market in February 2019, which is the upgradation of routine GC analysis.

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Competitive Scenario: Solid State Transformer Market by Key Driver, Challenges and Opportunities 2027

Global solid state transformer market is predicted to experience a robust growth over the period of forecast, majorly owing to the rising adoption of smart transformers in renewable energy generation stations. By product, the power solid state segment is predicted to witness a lucrative growth in the global industry by 2027. Furthermore, the North America region is anticipated to subjugate the overall market in the estimated timeframe.

As per a Research Dive published report, the global solid state transformer (SST) market valued for $176.0 million in 2019 and is expected to surpass $1,246.4 million, exhibiting a CAGR of 26.0% in the forecast period from 2020 to 2027. The global market is segmented based on product, application, and region. The report offers comprehensive insights on drivers, challenges, restraints, opportunities, and key players of the market. Our analysts have stated that the rising adoption smart transformers in electric vehicles as well as in the renewable energy generation stations is the major factor predicted to propel the global SST market growth by 2027. Moreover, the rapidly growing electric industry is likely to create lucrative opportunities for the growth of global market. However, the high initial costs associated with solid state transformers is expected to hamper the global market growth in the near future.ADVERTISEMENT

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Impact of COVID-19 on the Industry

The outbreak of COVID-19 across the globe is predicted to impact the global SST market in a negative way. This is mainly due to complete lockdown in China and the non-availability of raw materials for the manufacturing of electrical equipment, as China is the major manufacturing hub around the world.

Power Segment to Witness Significant Growth

By product, the global SST market is segmented into distribution, traction, and power solid state transformers. Of these, the power segment accounted for $100.6 million and is expected to witness an exponential growth in the forecast period. This growth is majorly attributed to extensive utilization of power SSTs for multiple transformer applications such as voltage regulation, voltage transformation, distribution systems monitoring, and others.ADVERTISEMENT

Alternative Power Generation Segment to Hold Largest Market Share

By application, the global market is categorized into power grid, electric vehicle charging stations, alternative power generation, and traction locomotives. Of these, the alternative power generation segment is estimated to account for the majority of market share by the end of 2027, owing to the wide-ranging utilization of SST systems for alternative power generation to prevent air pollution.

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North America Region to Create Huge Growth Opportunities

On the basis of region, the global industry is divided into Asia Pacific, North America, LAMEA, and Europe. The North America market for solid state transformer is estimated to hold a subjugating position over the forecast period. This is mainly owing to the rapidly growing renewable energy generation capabilities to advance power grid systems.

Major Market Players

The key players operating in the global SST market include Schneider Electric, Siemens, GRIDBRIDGE, Mitsubishi Electric Corporation, General Electric, ABB, Varentec, Inc., Eaton, and MASCHINENFABRIK REINHAUSEN GMBH. Further, the report outlines and presents several aspects of these key players such as recent strategic moves developments, product portfolio, SWOT analysis, and financial performance.

Collaborations, partnerships, RD activities, and novel product launches are some of the growth strategies adopted by key industry players. For instance, in April 2018, a leading global technology company, ABB introduced ABB Ability Power Transformer in Germany, which is the first-ever integrated solution for digitally-enables power solid state transformers.

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Growth Outlook: Wearable Healthcare Devices Market - Future Growth, & Forecast to 2027

Global wearable healthcare devices market is going to experience a positive growth during the forecast period. Strap/clip/bracelet will be the most lucrative. Home healthcare segment will become the most profitable. North America will lead the market.

According to a recent report by Research Dive, the global wearable healthcare devices market is expected to garner a healthy revenue during the forecast period. This is a comprehensive report that delivers brief overview of the current scenario of the market. The report includes significant aspects of the market from growth factors, challenges, other market dynamics, and restraints to various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.ADVERTISEMENT

Popularity of smart devices, 5G technology and Artificial Intelligence is going to enhance the growth of the global wearable healthcare devices market. These wearable devices offer customized remote care facility for chronic patients. These devices are water-proof and can monitor the patients in real-time. These are the factors impacting the growth of the global wearable healthcare devices market.

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Technicality of these devices may hinder the growth of the global wearable healthcare devices market during the projected period.

Many types of wearable devices are being innovated to support chronic as well as elderly patients remotely. They include intelligent asthma management devices, insulin management devices, wearable pain relief devices, neuromonitoring devices, insulin observation etc. With these developments, the global wearable healthcare devices market are expected to bring many opportunities for the industry.

The report has divided the market into different segments based on product, site, outlook, and regional outlook.

Strap/clip/bracelet segment will become the most lucrative

The Clip/Strap/wristband segment is predicted to have the highest market share in the forecast period. These items have a Bluetooth and cloud connectivity. Moreover, items like smartwatches permit checking of a few parameters like physical movement, respiratory rate, and heart rate is predicted to drive the segment in the forecast period.ADVERTISEMENT

Home healthcare segment will be the most profitable

Home healthcare segment is predicted to grow enormously in the forecast period. Growing geriatric population, enhanced need to control growing healthcare costs is predicted to boost the application of home healthcare in the forecast period.

For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/request-toc-and-sample/279 North America will dominate

North America region market is predicted to have the highest growth rate in the forecast period. Due to the increased occurrence of cardiovascular issue, diabetes, and disease inside this locale. Also, the ascending graph of long-term diseases which need regular observation and the existence of modern healthcare facilities are further liable to drive the region market in the estimated period.

Key Players of the Market

The leading players of the global wearable healthcare devices market include LifeWatch, Covidien Plc, Vital Connect, Fitbit Inc., Jawbone, Philips Electronics, Everist Genomics. The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

Royal Philips, a global healthcare producer launched a new cardiac ultrasound solution named EPIQ CVx in August, 2018. Such initiatives in the industry are bound to create more opportunities in the market in the near future.

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Top Scenario: Medical Nonwoven Disposables Market Revenue, Growth Rates, and Industry Challenges in 2020-2027

The global medical nonwoven disposables market is predicted to observe a significant growth in forecast period due to the growing SSI and HAI infections across the globe. The North America region is expected to grow enormously by 2027.

As per a Research Dive report, the global nonwoven disposables market is expected to witness a considerable growth and is predicted to generate a significant revenue during the forecast period from 2020 to 2027. The North America medical nonwoven disposables market is projected to hold a dominant position throughout the forecast period, majorly attributed to huge geriatric population in the region that choose medical nonwoven disposables owing to its convenience and security.ADVERTISEMENT

Market Dynamics

The increasing occurrence of surgical site infections (SSIs) and the rising number of HAI patients across the globe are the significant factors predicted to fuel the growth of the global medical nonwoven disposables market in the forecast period. In addition, the growing awareness amongst patients related to the preventive steps needed to be taken from various forms of infections is another factor projected to bolster the market growth by 2027. Moreover, technological advancements and rapid innovations in medical nonwoven disposables are likely to create huge opportunities for the growth of the global market. Conversely, the easy availability of alternatives such as reusable gowns, drapes, surgical masks, trouser shields, and reusable undergarments is expected to hinder the market growth in the projected timeframe.

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Key Segment Takeaways of the Market:

The report segments the global medical nonwoven disposables market into Product, Application, End-users, and Region.

By product, the global market is bifurcated into surgical nonwoven products and incontinence hygiene products. Of these, the surgical nonwoven products segment is predicted to lead the market over the forecast period, as the materials used in surgical nonwoven products prevents surgical site infections.

By application, the overall market is categorized into online platforms, hospital pharmacies, and retail pharmacies. Of these, the hospital pharmacies segment is projected to lead the global market in terms of revenue share mainly because of the link of hospital pharmacies with nonwoven disposables distributors.ADVERTISEMENT

By end-users, the global market is classified into nursing homes, hospitals, clinics, consumer home healthcare, and ASCs. Among these, the ASCs segment is estimated to subjugate in terms of market share, owing to the rising demand for nonwoven medical disposable products for various surgical procedures.

Geographically, the overall industry is divided into Asia Pacific, North America, LAMEA, and Europe. The Asia Pacific region is expected to grow at the fastest rate by 2027, owing to the reduced incidence and growing awareness regarding HAI infections in the region.

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Prominent Market Players

The major players of the global medical nonwoven disposables market are Medtronic, Domtar, Kimberly Clark, Asahi Kasei Corp., MRK Healthcare, Mlnlycke Health Care, Unicharm Corp., Ontex Group, First Quality Enterprises Inc., and Cypress Medical Products LLC. Further, the report outlines several aspects of all these industry players such as SWOT analysis, recent strategic moves developments, financial performance, and product portfolio.

These players are emphasizing more on mergers, acquisitions, and advanced product developments to obtain a strong position in the global industry. For instance, in January 2019, MONIT Corporation created a cookie-sized sensor, Smart Diaper which is enabled with Bluetooth technology. Smart Diaper helps parents to keep a track of the bowel movements of the baby and helps in preventing from urinary tract infections and diaper rash.

Abouat Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: support@researchdive.com