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Friday, February 26, 2021

Regional Outlook: Ozone Generation Market by Key Vendors, Challenges and Opportunities 2027

ozone generation market is projected to reach $1,624.6 million by 2026 growing at a cagr of 5.2% in the projected timeframe.

Ozone is produced by electricity passing through an air tube as in a lightning strike. Ozone generators are mostly used to deodorize air, purify water, and treat industrial waste. These generators are sold as air cleaners, which produce ozone gas used for the further purification processes.

The novel coronavirus is predicted to have a negative impact on the global ozone generation market. Most organizations have shut down due to the pandemic. Ozone generators are majorly used for purifying water. As people are focusing more on keeping themselves protected by taking precautionary measure due to the corona virus outbreak the demand for safe water has increased. This is predicted to drive the market at the time of the pandemic. When the unlock procedure starts the demand for ozone generators is predicted to increase, which will give rise to the global ozone generators market in the forecast period.

An ozone purifier is an air purifier that produces ozone. Ozone generators are used to purify and disinfect water from various germs and other contaminants. Ozone generators are excellent disinfectants and have oxidation qualities, which is why ozone is widely used in treating drinking water. Increasing demand for drinking water with the rise in the population is predicted to be the major driving factor for the global ozone generator market in the estimated period. Moreover, with the rise in urbanization, the demand for water is also expected to increase across the globe which is predicted to boost the global market in the estimated period.

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Lack of awareness among the population about ozone generators is predicted to be the biggest restraint for the market in the estimated period. There is a high demand of ozone generators in various end use industries but the lack of awareness and high installation cost of these generators is predicted to hinder the market growth in the forecast period.

Corona discharge sub-segment is predicted to have the highest market share in the estimated period. The corona discharge sub-segment is projected to reach $624.4 million by 2026, growing at a CAGR of 5.9% in the estimated time frame. Corona discharge is considered to be the most durable and reliable ozone generators. Moreover, the corona discharge rays generators have the highest frequency as compared to UV rays generators, which is predicted to drive the corona discharge sub-segment market in the estimated period.

Potable water treatment sub-segment is predicted to have the maximum growth rate in the estimated period. The Potable water treatment sub-segment is projected to reach $517.4 million by 2026, growing at a CAGR of 7.5% in the estimated time frame. Potable water treatment helps in removing contaminants such as soil sediments, rust and others, which ensures the safety of water for drinking and is predicted to drive the sub-segment market in the estimated period.

Asia-Pacific region market is predicted to have the highest growth rate in the forecast period. The Asia-Pacific region market is projected to reach $670.3 million by 2026, growing at a CAGR of 7.3% in the estimated time frame. Rise in the population with the rise in the urbanization and industrialization alongside the regulatory bodies taking various initiatives for treating wastewater across the region is predicted to drive the region market in the forecast period. In addition, rise in the disposable income among the middle-class population in countries, such as China and India, is predicted to drive the region market in the forecast period.

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Some of the significant ozone generation market players include Absolute Systems Inc., Chemtronics Co. Ltd, Custom Molded Products LLC, Dayton Water Systems, Ebara Technologies Inc., Esco International Limited, International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation and Suez Water Technologies & Solutions among others.

Porter’s Five Forces Analysis for Ozone Generation Market:

• Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be high.
The bargaining power of suppliers is very high.

• Bargaining Power of Consumers: In this market, the concentration of buyers is low.
The bargaining power of consumers is low.

• The threat of New Entrants: Huge initial investments are essential to start a new manufacturing unit of ozone generators.
The threat of new entrants is high.

• The threat of Substitutes: This market has less number of products and the availability of products is also less due to which switching costs for clients is low.
The threat of substitutes is low.

• Competitive Rivalry in the Market: The ozone generators have numerous small, medium and large, scale players. Many major players are following several strategies, and product differentiation among them. The competitive rivalry in the industry is high.

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Why Dynamics of Contract Development And Manufacturing Organization Market Is Changing Drastically? What If History Is Any Guide?

The outburst of Coronavirus pandemic is expected to create an optimistic impact on the global market for contract development and manufacturing organization. The contract manufacturing organization segment is projected to unlock lucrative opportunities for the growth of the market. The Asia Pacific region is anticipated to show substantial growth throughout the forecast period. The leading players of the market are implementing numerous business tactics to withstand their business during this disastrous situation.

The unexpected rise of COVID-19 disease has created a positive impact on the financial growth of numerous countries worldwide. A latest report by Research Dive divulges that the contract development and manufacturing organization market is projected to gather $315.7 billion by 2026, rising at a CAGR of 12.4% from 2019 to 2026. The report states that this market is expected to experience significant growth after the end of this pandemic. It offers a comprehensive analysis of the COVID-19 impact on the drivers & limitations, key segments, opportunities, and major players of the global industry.

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• Factors Driving the Market Growth amidst COVID-19 Crisis

Several organizations will be in an attempt to speed up their productivity to fulfill the growing demand, after the end of the covid-19 pandemic. Such bigger companies are therefore, expected to appoint contract development and manufacturing organizations to overcome the losses suffered in the course of the crisis. Furthermore, numerous government bodies are coming up with innovative plans to fuel the growth of contract development and manufacturing organizations; so that these organizations can support the other larger organizations to upsurge their productivity.

• Contract Manufacturing Organization Segment Anticipated to Unlock Lucrative Growth Opportunities

Based on service, the report categorizes the market into contract manufacturing organization and contract research organization. Among these, the contract manufacturing organization segment is expected to garner $224.1 billion by 2026, rising at a CAGR of 12.1% throughout the projected period. Contract development and manufacturing organizations are specifically beneficial in medical industries for manufacturing of medicines, trials of drugs, and commercial medications.

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• Regional Outlook of the Market

Based on region, the report assesses the market across Europe, North America, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific market is expected to progress with a CAGR of 13.2% throughout the projected period. This is chiefly due to the presence of many major companies and accessibility of reasonably priced labor force in this region.

• Major Market Players

Some of the foremost market players in contract development and manufacturing organization industry are Thermo Fisher Scientific Inc, FAMAR Health Care Services, The Lubrizol Corp, Siegfried Holding AG, Lonza Group Ltd, Aenova Holding GmbH, Recipharm AB, FAREVA SA, Catalent Inc, Almac Group Ltd, and others. These players are applying various business tactics such as mergers and acquisitions, regional expansions, collaborations & partnerships, and novel developments to survive during this nerve-wracking period.

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COVID-19 Impact: What Challenges Airway Management Devices Market May See In Next 5 Years?

The outburst of COVID-19 pandemic has impacted the global airway management devices market is a positive way. Top medical device companies are currently focusing on the development of advanced airway management devices to fulfill the growing demand.

The newest report on the global airway management devices market published by Research Dive divulges the effect of COVID-19 pandemic on the present and forthcoming growth of the market. This report is a useful document for stakeholders, investors, market players, and new players in search of comprehensive information on the current status of the market growth.

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• Key Highlights of the Report:

With the emergence of COVID-19 pandemic, there has been a significant rise in the growth rate of the global market for airway management devices. The report states that the global airway management devices market had generated a revenue of $1,230.8 million in 2018 and is projected to garner $2,350.7 million by rising at a growth rate of 8.6% by 2026. In the current year, the market size has reached nearly $1,450.5 million due to the growing usage of airway management devices in the cure of COVID-19 infected patients.

• Factors Driving the Market Growth during COVID-19 Pandemic:

As per the report, growing adoption of airway management devices to treat COVID-19 patients is propelling the growth of the global airway management devices market . Furthermore, it has been evaluated that numerous top medical device companies in this sector are working on the development of advanced versions of these devices, and therefore, fueling the growth of the global market.

• Response of Market Players to the COVID-19 Disaster:

Some of the foremost companies in this market are hugely investing in the development and production of innovative airway management devices to cope with the demand and requirements for medical devices in the course of this crisis. For example, Israeli Medtech Company has manufactured devices to lessen the complications confronted in mechanical ventilators which help in guarding respiratory systems, reduce the ventilation complication in tubbed patients, and decrease the contact of medical professionals to infections.

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Apart from Israeli Medtech, the other leading players functioning in this market are Intersurgical, VBM Medizintechnik, Teleflex, KARL STORZ, Ambu A/S, Smiths Medical, Flexicare, SunMed, Vyaire Medical, Medtronic, and others.

• Future Scope of the Market:

As per the report, the global airway management devices market is projected to observe augmented growth after the end of COVID-19 pandemic owing to the rising requirement for airway management devices in the treatment for respiratory ailments. Furthermore, technical developments in such devices are expected to boost the growth of the market in the forthcoming years. Market players active in this market are projected to bring in pioneering developments and unlock lucrative opportunities for the progress of the market in the near future.

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Corona Impact: Is Portable Oxygen Kit Market will Propel at a Defining Pace 2020

The sudden outburst of COVID-19 has positively impacted the growth of the global portable oxygen kit market. The rising demand for oxygen kits from several parts of the world is fueling the growth of the market. Government schemes are immensely promoting the production of portable oxygen kits and are expected to offer lucrative opportunities for market players during the pandemic.

The recent research report on the global portable oxygen kit market by Research Dive states the impact of COVID-19 pandemic on the current and future growth of the market. This report is an in-depth research formulated by analyzing major regional market conditions, key driving factors, and size & scope of the market.

• Highlights of the Report

The unexpected outbreak of COVID-19 disease has shown a positive impact on the global portable oxygen kit market.

According to the report, the global portable oxygen kit market had garnered a revenue of $1,372.6 million in 2018 and is expected to surpass $2,871.3 million by 2026, growing at a CAGR of 9.9% during the crisis period.

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The size of the market in the current scenario has reached $1,655.6 million due to the augmented use of high-grade portable oxygen kits in ambulances, hospitals, and home first-aid kits during this pandemic period.

• Factors Impacting the Market Growth during the Covid-19 Pandemic

The global market is expected to experience momentous growth during the coronavirus crisis owing to the rising requirement and demand for oxygen kits for treating patients all over the world. Furthermore, the usage of advanced technologies in the portable oxygen kits is likely to boost the market growth post-COVID pandemic.

• Current Market Transformation Due to Covid-19:

In the course of this pandemic, some of the key players in this market are offering portable oxygen kits at cheap prices for gaining customer’s trust and loyalty. For example, high-quality portable kits from renowned brands such as Devilbiss, Respironics (Philips), and Nidek are available at affordable prices ranging from $39.0 to $266.0 during this pandemic state. Such activities are anticipated to bring in rewarding opportunities for the market players after the end of the crisis period.

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Moreover, government bodies all over the world are supporting manufacturing companies for the production of oxygen kits. For instance, the Drug Controller General of India (DGCI) has legalized oxygen kit producers for the manufacturing of medical oxygen. Additionally, the UPPCB (Uttar Pradesh Pollution Control Board) has also relaxed the strict protocols for the manufactures of oxygen kits in the course of this pandemic period.

• Future Scope of the Market:

As per the report the global portable oxygen kit market is projected to undergo substantial growth post-coronavirus pandemic. New players and some of the major players including Nidek Medical Products, Inc., Teijin Aramid B.V, Invacare Corporation., Koninklijke Philips N.V., Inogen, Inc., DeVilbiss Healthcare LLC, Worthington Industries, O2 CONCEPTS, LLC., Inova Labs Inc., and Chart Industries, Inc. are expected to have lucrative opportunities for market growth in the upcoming years.

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Why Organ Care System Market Heart May Skyrocket: Study Revealed Which Players May Turn Game

The outburst of COVID-19 pandemic has left a positive impact on the global organ care system for heart market growth. Growing cases of congestive heart failure (CHF) during Coronavirus pandemic is fueling the growth of the global market.

The latest report on the global organ care system for heart market published by Research Dive confers the effects of Coronavirus disease on the current and forthcoming growth of the market. This report is an exhaustive research presented by analysts by studying all the important aspects including current market conditions, key drivers and restraints, opportunities, and size & scope of the global market.

• Key Statistics of the Market

The COVID-19 pandemic has shown a positive impact on the global market for organ care system for heart market. The report states that the global organ care system for heart market was valued at $10.97 million in 2018 and is anticipated to collect a revenue of $44.02 million by rising at a CAGR 19.4% by 2026. In the current condition, the market has gathered a revenue of $15.6 million because of the effect of COVID-19 disease on heart, causing an increase in the number of heart failures all across the globe.

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• Factors Thriving the Market Growth during Covid-19 Crisis

The global market for organ care system for heart is estimated to witness incredible growth due to growing cases of congestive heart failure (CHF), in the course of the covid-19 pandemic. Furthermore, a senior surgeon employed at Beth Israel Deaconess Medical Centre stated that deaths of COVID-19 patients are generally due to the failure of organs, which is supplementing the progress of the market throughout this crisis period. However, dearth of ventilators, absence of healthy organs, and inadequate medical staff has caused a significant decline in the number of heart transplant operations, thus hindering the growth of the global market.

• Current Condition of the Market Owing to Coronavirus Outbreak:

Some of the leading medical firms in this market are coming forward and helping patients by offering advanced organ care systems in the course of this pandemic period. Increase in R&D activities in North America for enhancing the storage time of organ care system for heart is unlocking beneficial opportunities for the growth of the market.

The fatal COVID-19 virus is predictable to have an adverse effect on heart, resulting in a cardiac arrest. As per a latest article, several healthcare professionals from China and Italy stated that COVID-19 patients are also suffering from cardiac problems along with breathing issues. Therefore, there is an augmented demand for organ care system for heart during this catastrophic condition.

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• Future Scope of the Market:

As per the report, the global organ care system for heart market is expected to experience incessant development post-coronavirus pandemic. Some of the foremost players including Organ Assists BV, Transplant Biomedical, TransMedics Inc., XVIVO Perfusion AB, Bridge to Life Ltd., Organ Recover Systems Inc., Paragonix Technologies Inc., Water Medical Systems LLC, Organ Transport Systems Inc., OrganOx Limited., and others are likely to invent and unveil innovative developments and bring in lucrative opportunities for the market growth in the upcoming years.

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Driving Innovation: Flexible AC Transmission Market - Future Growth, & Forecast to 2027

s per flexible ac transmission systems (facts) market analysis by research dive, the overall market forecast will be $1,229.6 million by 2027, at an 8.0% cagr, growing from $641.3 million in 2019.

• Flexible AC Transmission System Market, COVID-19 Effect:

The pandemic of the novel coronavirus is expected to impact the global flexible AC transmission system market growth in a negative direction. During the lockdown period, oil & gas industry has drastically declined across the globe, owing to dearth of workforces, resulting in decreased production capacity and demand for petroleum owing lockdown. Thereby, this factor has eventually impacted the global oil & gas industry and indirectly impacted the FACTS market growth in the pandemic time. Nevertheless, in recent times, UK government has announced new funds plan for energy sector to support during the pandemic. The government has released about $75 million to energy industry including oil & gas industry to help attract private investors into energy sector. This factor has had a positive impact on the global market growth in the crisis time.

• Flexible AC Transmission System Market, Dynamics:

Increasing electrification and innovation in the transmission networks especially in developing economies are significantly driving the flexible AC transmission systems market growth in the forecast time. This expected growth is majorly owing to increasing investments by several economies in modernizing and expanding power grids across the globe. For instance, in China, the government has invested about $66 billion in modernization of energy generation systems since 2003. In addition, increasing demand for FACTS devices from renewable electricity generation systems such as solar plants and wind power plants is expected to generate massive growth prospects in the global market throughout the forecast time. This expected growth is attributed to FACTS devices playing an important role in ensuring reliable and stable energy grid operation in the electricity generation plants. These factors are predicted to accelerate the market growth in the analysis period. However, huge financial investments are needed for the installation and maintenance of advanced flexible AC transmission systems, which is significantly hampering the growth of the market.

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• Flexible AC Transmission System Market, Segmentation Overview:

Combined series-shunt compensation type accounted for second highest flexible AC transmission market size; it valued about $222.7 million in 2019 and is expected to rise at a notable rate of 9.7% CAGR during the forecast time. This compensation is a combination of series and shunt types that has ability to inject voltages in series part and injecting currents in shunt part to provide improved voltage controllability. This aspect is estimated to impel the demand for combined series-shunt compensation type, which is predicted to drive the market growth in the forecast timeframe.

STATCOM controller sub-segment will witness a remarkable growth during the forecast time and is predicted to reach up to $219.1 million by 2027, at an 11.3% CAGR. Increasing demand for STATCOM controller from energy utility sector for incorporation into existing energy transmission systems to support energy networks that have a poor power factor and voltage regulation is estimated to impel the market growth in the upcoming decades.

Electric utility industry vertical sub-segment was the highest revenue contributor of the FACTS market in 2019 and is estimated to account for $269.9 million till the end of 2027. FACTS has an important role in enhancing control in green-field and existing transmission networks as well as it has the capability to improve efficiency of longer distance power transfer in the electric utility sector, which is estimated to accelerate the market growth in the review period.

Asia-Pacific market generated $95.3 million in 2019; it is expected to witness a noteworthy growth and is estimated to grow at a faster rate of 9.4% CAGR throughout the projected time. This expected growth is attributed to increasing adoption of flexible AC transmission systems in the end use industries especially railway sector to modernize the network infrastructure across the Asia-Pacific. In addition, government favorable activities to build advanced energy grid systems and increasing investments for renewable energy generation networks are projected to increase demand for FACTS devices, which is estimated to fuel the market growth in the review time.

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• Flexible AC Transmission System Market, Significant Market Players:

The major players in the global flexible AC transmission system market are Adani Group, cgglobal.com, Eaton, General Electric, Mitsubishi Electric Corporation, Siemens ABB, NR Electric Co., Ltd., Alstom, and HYOSUNG.

Porter’s Five Forces Analysis for Flexible AC Transmission Systems Market:

• Bargaining Power of Suppliers: This market includes high number of dealers and high expenditure required for installation are delivering high costs of the systems. The bargaining power of dealers is MODERATE.

• Bargaining Power of consumers: This market has huge number of buyers that produce high demand for FACTS systems. However, the cost of these systems is high. The negotiating power of the consumer is MODERATE.

• Threat of New Entrants: Heavy initial expenditure is needed for the installation and maintenance of FACTS. Also, increasing demand from end use industries is projected to generate notable growth. These factors are resulting MODERATE threat of new entrants into the industry.

• Threat of Substitutes: Flexible AC transmission system market contains less alternatives and delivering LOW risk of substitutes.

• Competitive Rivalry in the Market: This market consists of huge number of leading manufacturers. These manufacturers are focusing on product advancements by investing in R&D to gain competitive edge. This factor is resulting in HIGH competitive rivalry in the industry.

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Industry Dynamics: Cellular Glass Market Revenue, Growth Rates, and Industry Challenges in 2020-2027

the global cellular glass market forecast shall cross $724.8 million by 2027, growing at a cagr of 5.4%.

Cellular glass is a type of insulation composed of crushed glasses and a material like limestone or carbon. Cellular glass is used to produce insulation panels for various structures. These cellular glasses are very light weight and float in water. Cellular glass is moisture resistant, natural flame resistant, and is not affected by any chemicals and insects.

The novel coronavirus has impacted the cellular glass market in a positive manner in the estimated period. The cellular glass are mostly used in construction activities. With the rise in construction activities across the globe is predicted to drive the cellular glass market. As it has been noticed that most of the industries are closed and the operational flow within the organisaiton have stopped which have impacted the market negatively in 2020. As cellular glasses are used in the industrial and construction sites, once the unlock procedure begins the operational work for these industries will resume. As a result the demand for cellular glass will increase which will give rise to the global cellular glasss market in the estimated period.

Increase in the utilization of cellular glass in various construction and building applications is predicted to foster the demand of the global cellular glass in the estimated period. Cellular glass offers multiple benefits such as reduced risk of humidity for construction, being air and vapor tight, non-combustible, unaffected by rodents & ants and others, which may drive the global market in the estimated period. Moreover, with a rise in population, the construction activities have also increased, resulting in enhanced demand for cellular glass.

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The cost of cellular glass as compared to other insulation materials is very high, which is predicted to be the biggest restraint for the global cellular market in the estimated period. In addition, presence of alternative insulating material known as phenolic insulants that cost less than cellular glass is expected to hamper the market growth in the forecast period.

Foam glass gravels sub-segment is predicted to have the highest market growth in the estimated period. Foam glass gravels sub-segment is predicted to generate a revenue of $249.2 million by 2027 with a CAGR of 6.2% in the forecast period. The foam glass gravels are used in a wide range of applications as it is highly stable and a versatile product in building and infrastructure, which is predicted to boost the sub-segment market in the estimated period.

Open cell sub-segment is predicted to have maximum growth rate in the forecast period. Open cell sub-segment is predicted to generate a revenue of $277.6 million by 2027 with a CAGR of 5.8% in the forecast period. Open cell sub-segment is excellent for soundproofing where a single cellular glass can fill the area between any gaps in a construction. Moreover, the open cellular glass is affordable as compare to closed cellular foam, which is predicted to drive the sub-segment market in the estimated period.

Industrial sub-segment is predicted to have the highest market growth rate in the estimated period. Industrial sub-segment is predicted to generate a revenue of $239.1 million by 2027 with a CAGR of 6.2% in the forecast period. Increasing use of cellular glass in the industrial sector for various construction activities is predicted to boost the sub-segment market in the forecast period.

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Europe region market is predicted to generate a revenue of $75.5 million by 2027 with a CAGR of 5.8% in the forecast period. Presence of major test plans and various committees to ensure the quality production of cellular glass has increased with the use of material in on-shore and off-shore oil & gas industry owing to the explosion resistance and jet fire resistance. Asia-Pacific region market is predicted to generate a revenue of $404.3 million by 2027 with a CAGR of 5.6% in the forecast period. Using cellular glass for pavement insulation has reduced the occurrence of deterioration of road, asphalt concrete cracking, and pothole formation problems. Development of granular material known as foam glass aggregates (FGAs) that are manufactured using recycled glass has reduced the disposal problem of untreated glass materials. Due to these factors, the region market is predicted to grow in the estimated period.

The major key players in the global cellular glass market players are CNUD-EFCO Operations S.A., Owens Corning, Amity Insulation Group Inc., SZECO Insulation Technology Co. Ltd., Zhejiang Zhenshen Insulation Technology Corp., Ltd., Zhejiang Dehe Insulation Technology Co., Ltd., Benarx, Jahan Ayegh Pars Co., Pinosklo, Polydros Sociedad Anonima (S.A), and others.

Porter’s Five Forces Analysis for Cellular Glass Market:

• Bargaining Power of Suppliers: The switching barrier from one supplier to the other supplier is predicted to be high.
The bargaining power of suppliers is HIGH.

• Bargaining Power of Buyer: Due to the multiple benefits there are multiple choice for the buyers due to which the buyers have multiple option.
The bargaining power of the buyer is MEDIUM.

• Threat of New Entrants: Government regulatory policies coupled with higher cost associated with R&D offer low threat of entry from new competitors.
The threat of new entrants is LOW.

• Threat of Substitutes: The threat of the alternative product is low as there are less number of competitors in the market.
The threat of substitutes is LOW.

• Competitive Rivalry in the Market:. Market players are mainly following technological advancements, alternative business strategies such as strategic partnerships; this is also a key factor for high competitive rivalry in the global cellular glass market.
The competitive rivalry in the industry is HIGH.

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Qualitative Analysis: Display Panel Market - Future Growth, Verticals, Segmentation & Forecast to 2027

display panel market is predicted to grow by generating a revenue of $1,19,339.1 million by 2027 at a cagr of 10.5% in the forecast period.

Display panels are the surface panels on which information can be displayed. Display panels are based on electronic viewing technology and are used to enable people to see content on a wide range of entertainment systems like personal computers, consumer electronics, and smart phones. Display panels act as a mediator between a machine and human. It displays valuable information to the user with various medium.

The display panel market is predicted to have a positive response to the novel coronavirus outbreak. Due to the increase in the use of smart devices along with the adoption of work from home culture, the demand for laptops has increased drastically, impacting the global display panel market positively in the estimated period. Moreover, the price of the display panels is very high which is predicted to hamper the market growth in the estimated period. Advancement in technologies is predicted to create more investment opportunity during the pandemic.

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Increasing demand for display panels for various electronic devices is predicted to be the major driving factor for the display panel market in the forecast period. Display panels are mostly used in various devices such as television, smartphones, smart watches, infotainment systems in automobile and many more. The advancement in technology for flexible panels is predicted to be one of the major driving factors for the display panel market in the forecast period. Many manufacturers are focusing more on developing a variety of products to the consumers, which is predicted to create more investment opportunities in the market during the forecast period. For instance, Nubia’s launched a 4-inch flexible smartphone which can be adjusted on your wrist and can function as a phone as well as a watch at the same time.

Production cost of display panels is very high which is predicted to be the biggest restraint for the display panel market in the forecast period. Due to the increase in the production cost the average selling price of devices increases, which affects the profitability of the manufacturer and predicted to hinder the market growth in the forecast period.

OLED sub-segment is predicted to grow by generating a revenue of $ 90,079.4 million by 2027 at a CAGR of 13.9% in the forecast period. Rise in the demand of OLED screens for the manufacturing of various electronic devices is predicted to drive the sub-segment market in the forecast period. Moreover, the advanced technology in OLED is predicted to create more investment opportunity in the forecast period.

Foldable sub-segment is predicted to grow by generating a revenue of $ 3,820.8 million by 2027 at a CAGR of 17.1% in the forecast period. Foldable screens are mostly used in televisions and other end use industries for monitoring and inspecting operational work, which is predicted to drive the sub-segment in the forecast period. Moreover, foldable large size television is predicted to create more growth opportunity as enable the user to view television at any flexible direction.

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Tablets and mobile phones sub-segment is predicted to grow by generating a revenue of $74,817.5 million by 2027 at a CAGR of 9.9% in the forecast period. Rise in the demand of smartphones among users and rise in the usage of the smart devices is predicted to boost the sub-segment market in the estimated period. Technical advancement is predicted to create investment opportunity in the forecast period.

Asia-Pacific region market is predicted to grow by generating a revenue of $50,910.1 million by 2027 at a CAGR of 12.5% in the forecast period. Increase in R&D and increasing demand of various electronic item is predicted to be the major driving factor for the region market in the forecast period. The emergence of advanced technology with IoT solution has created a significant advantage to the overall market in the forecast period.

The major key players in the display panel market are LG Electronics., Hannstar display corporation, Chunghwa Picture Tubes, Ltd., BOE Technology Group Co., Ltd, Panasonic Corporation, SHARP CORPORATION, Japan Display Inc., Innolux Corporation, AU Optronics Corp., and SAMSUNG, among others.

Porter’s Five Forces Analysis for Display Panel Market:

• Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be high.
The bargaining power of suppliers is very High.

• Bargaining Power of Consumers: In this market, the concentration of buyers is high.
The bargaining power of consumers is High.

• The threat of New Entrants: Huge initial investments are essential to start a new manufacturing unit of display panels.
The threat of new entrants is High.

• The threat of Substitutes: This market has numerous alternatives of products. Moreover, availability of product is also high due to which switching costs for clients is high.
The threat of substitutes is High.

• Competitive Rivalry in the Market: Many major players are following several strategies, and product differentiation among them. The competitive rivalry in the industry is High.

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Thursday, February 25, 2021

Competitive Landscape: Connected Drug Delivery Devices Market Set For Rapid Growth & Trend, By 2027

According to a study of Research Dive, the global connected drug delivery devices market forecast shall cross $1,119.3 million by 2027, growing at a CAGR of 24.6%.

• Connected Drug Delivery Devices Market Analysis:

The connected drug delivery devices mainly deal with patient’s health issues like treatments, medications, and disease management protocols. The connected drug delivery devices are primarily equipped with a sensor that transfers the data to application/ servers via Bluetooth, Near Field Communication (NFC), or any other connectivity platforms.

• Impact Analysis of COVID-19 on Connected Drug Delivery Devices Market:

The global health emergency brought by the spread of coronavirus disease (COVID-19) has created a dramatic impact on the global marketplace. The crucial processes of industries such as logistics & supply-chain, manufacturing of the products, and other activities are disrupted due to communal transmission of the coronavirus. However, the pandemic of the disease may create a considerable impact on the global connected drug delivery devices industry. Leading players operating in the global connected drug delivery devices industry are following strategies such as strategic collaboration, product development, and business expansion, amid the COVID-19 apocalypse. For instance, in April 2020, Aptar Pharma, the largest player in drug delivery systems, announced the alliance with Sonmol, a significant Chinese digital respiratory therapeutics venture, to develop the digital platform for the treatment of chronic respiratory illnesses. The focus of this collaboration will be on to develop connected drug delivery devices for chronic obstructive pulmonary disease (COPD) and asthma suffering patients. These initiatives may offer enormous opportunities for the global connected drug delivery devices market, during the COVID-19 pandemic period.

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The extensive growth of the global connected drug delivery devices market is mainly driven by the rising cases of chronic disorders such as diabetes, asthma, and COPD (chronic obstructive pulmonary disease). For example, as per the study conducted by the World Health Organization (WHO), approximately 90% of COPD deaths occur in the low and middle-income nations. These factors are expected to increase the demand for connected drug delivery technologies, in the forecast period. Moreover, organizations operating in connected drug delivery devices market are launching new products to gain a prominent position in the global industry. For example, in November 2019, LOG pharma, has made an announcement to release IoT-based ‘ActiveGuard’ a smart device to address the issue of lack of patient adherence to prescribed medications. These factors may help the global connected drug delivery devices market to generate noteworthy revenue in the analysis period.

On the other hand, the higher costs associated with advanced connected drug delivery devices is one of the major restraining factors for the global market. Furthermore, lack of awareness among patients about the recent technologies and lower technology penetration in the emerging and low-income economies are anticipated to decrease the demand for connected drug delivery devices market, throughout the projected period.

Contrary to this, The significantly rising adoption of state-of-the-art technologies in the connected drug delivery devices is expected to generate noteworthy revenue, throughout the analysis period. The leading players involved in the connected drug delivery device market are implementing recent technologies to develop highly effective connected drug delivery devices. For instance, in October 2018, Phillips-Medisize, has announced that they have launched a ‘cloud-based data system’ particularly for the drug delivery device developers. Such technological upgradations in the connected drug delivery devices may lead to offer extensive market opportunities in the future.

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The inhalation devices shall generate a revenue of $467.1 million by the end of 2027, increasing at a CAGR of 25.2%, during the forecast period. Increasing strategic tie-ups amongst the ventures along with their heavy spendings in technology innovations are predicted to fuel the growth of the sub-segment, during the review period. Also, the growing patients of COPD and asthma are also bolstering the sub-segment growth. The injectable devices have a significant market share and shall generate a revenue of $652.2 million by 2027, rising at a CAGR of 24.2%, in the review period. Increasing the prevalence of cancer, diabetes may lead to driving the global market, in the analysis timeframe. Furthermore, many companies are coming forward with strategic product launching, to sustain in the global market. For instance, in June 2018, Noble, the pioneer in the development of a patient-centric advanced drug delivery system has announced that they have released AdhereIT, a connected device platform, which is developed to help improve patient experiences by offering real-time feedback for autoinjector training. These factors and advancements are anticipated to propel the growth of the sub-segment, during the analysis period.

The Bluetooth-based connected drug delivery devices market has a lucrative market share, and it will register a revenue of $733.0 million by 2027, rising at a CAGR of 24.8%, in the projected timeframe. The widespread availability of cost-effective connectivity access to smartphones is one of the major factors for the growth of the sub-segment, in the forecast period. Furthermore, the heavy spendings by established players coupled with ongoing research activities on the Bluetooth enabled drug delivery technologies is anticipated to propel the growth of the sub-segment, during the forecast timeframe. The NFC connected drug delivery devices market shall surpass $290.3 million by 2027, increasing at a healthy CAGR of 25.2%; this mainly owing to the extended battery life, excellent accuracy, and superior data transmission.

The connected drug delivery devices market for the Asia-Pacific region will cross $190.3 million by 2027, increasing at a CAGR of 26.3%. Established companies are emphasizing more on collaboration to develop highly advanced connected drug delivery devices. For example, in April 2020, Sonmol company has announced to collaborate with the Aptar group to focus on the connected drug delivery solutions for asthma and COPD (chronic obstructive pulmonary disease) illness. These key factors driving the connected drug delivery devices market in the Asia-Pacific region.

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North-America’s connected drug delivery devices market is projected to grow at a CAGR of 23.6% by generating revenue of $436.5 million by 2027. The presence of leading players such as BD., West Pharmaceutical Services, and Cohero Health, Inc. and their heavey investments in R&D and innovation may lead to flourish the connected drug delivery devices market in the region.

The major ventures in connected drug delivery devices market are AptarGroup Inc., Adherium, Proteus Digital Health, BD, F. Hoffmann-La Roche Ltd, propeller Health, Cohero Health, Inc., Ypsomed AG, Syncro Technology Corp., and West Pharmaceutical Services. To emphasize more on the competitive landscape analysis of established enterprises, the Porter’s five force model is explained in the report.

• Porter’s Five Forces Analysis for Connected drug delivery devices market:

– Bargaining Power of Suppliers: The number of suppliers operating in the global market for connected drug delivery devices is higher. Thus, the switching cost from one supplier to another supplier is projected to be less.
The bargaining power of suppliers is MODERATE.

– Bargaining Power of Buyer: The dependency of connected drug delivery technologies is rising at a constant speed. Therefore, the number of buyers of connected drug delivery devices is high.
Thus, the bargaining power of the buyer is MODERATE

– The Threat of New Entrants: The high cost of the connected drug delivery devices along with high price war in the key players may offer a less threat of new entrants.
Thus, the threat of new entrants is LOW.

– The Threat of Substitutes: There is no any substitute product available in the global market for the connected drug delivery devices.
Thus, the threat of substitutes is LOW

– Competitive Rivalry in the Market: Key players involved in the connected drug delivery devices market are mainly adopting technological innovations, product introduction, and strategic partnerships to grow in the global market.
Thus, the Competitive Rivalry in the Market is HIGH.

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Friday, February 26, 2021

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• Factors Driving the Market Growth amidst COVID-19 Crisis

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Thursday, February 25, 2021

• Connected Drug Delivery Devices Market Analysis:

• Impact Analysis of COVID-19 on Connected Drug Delivery Devices Market:

• Porter’s Five Forces Analysis for Connected drug delivery devices market: