Friday, 29 June 2018

North America Concrete Floor Coatings Market Opportunities and Growth Forecast by 2020

Industry Insights
The North America Concrete Floor Coatings Market demand was held at 214.3 kilo tons in 2013. Concrete floor coatings provide excellent resistance against high temperature, wear and tear to indoor & outdoor areas in commercial and residential buildings. Recovery of the construction industry in the U.S. is likely to drive the concrete floor coatings market over the years ahead. Positive outlook towards construction industry in Mexico, as a consequence of rising expenditure by government to improve infrastructure is likely to have a positive impact on the market. The Mexican government allocated USD 297 Billion to develop domestic energy sector, which includes 124 projects to establish natural gas pipelines and power plants under the initiatives of “National Infrastructure Program 2014-2018”.


However, the increasing demand for soft coverings and resilient floorings in the region is likely to act as a restrain for the market. A stringent regulatory framework has been implemented regarding havocs emitted by the product that tend to have harmful effects on human health. The government of Canada and the U.S. EPA passed the standards for VOC emission for AIM regulations and Architectural Coatings respectively, which are likely to hamper the industry growth. However, regulatory inclination towards the promotion and growth of petroleum and chemical sectors in Mexico, is expected to offer new opportunities in during the projected period.


Product Insights
Epoxy, polyaspartic, and polyurethanes are the major product categories. Epoxy coatings segment accounted for the largest industry share and is likely to remain dominant in the future, owing to its low cost. These products have excellent properties such as resistance to chemical and heat, electric insulation and good adhesion. The above-mentioned attributes along with relatively low cost are likely to boost the consumption of epoxy coatings during the forecast period. However, ineffectiveness of these production exposure to UV is expected to adversely affect the industry growth. Polyaspartic coatings are projected to offer favorable growth prospects, owing to their properties such as better UV protection and good resistance to wear & tear and abrasion. Other product categories include polyuria and acrylic coatings. Development of bio based polyurethanes likely to open new avenues in the industry during the forecast period for polyurethane coatings in the upcoming six years.

Application Insights
Indoor applications accounted for more than 60% share of the total industry in 2013. Significant infrastructure activities coupled with the revival of the construction sector in the U.S. are likely to boost product consumption during the forecast period. Outdoor segment is likely to be the fastest in the North America region, over the years ahead.


Country Insights
U.S. held the largest demand for concrete floor coatings in2013. This trend is likely to continue during the forecast period. Significant infrastructure activities pertaining to the residential and commercial construction sectors in the U.S., is likely to increase the product consumption over the years ahead. Growth of core industrial sectors such as oil & gas, food and beverage, pharmaceutical, FMCG and automotive is likely to provide scope for noteworthy usage of the product.

Mexico is expected to be the fastest growing country in the region, owing to the increase in the consumer disposable income, population expansion and urban development. Furthermore, favorable policies of the government towards infrastructure development in the country and implementation of National Infrastructural Plan, is likely to encourage the usage of the product during the forecast period. Canada is likely to witness steady growth, due to increasing production output from unconventional sources including shale gas, along with the implementation of New Building Canada Plan from 2007 to 2017.

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Competitive Insights
BASF SE, Sika AG, General Polymers and Stonhardare the major industry players in North America. Other players in the region include DuPont, Bayer AG, Tennant Company, Pratt and Lambert Paints and PPG Industries, Inc. Tennant Company launched Eco-ITS bio-based urethane coatings comprising low VOC content and reduced odor in order to provide unstainable products in the region.

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Microspheres Market Raw Material Analysis and Market Trend Forecast Report to 2025

Industry Insights
The Global Microspheres Market was estimated at USD 3.2 billion in 2015 and is anticipated to grow at a CAGR of 10.4% from 2017 to 2025. The growth of market can be attributed to the rising demand for advanced drug delivery systems and drug transportation. In addition, increasing demand from paints and coatings segment on account of advantageous properties such as rising solid content rate and flow maintenance. Microspheres market is achieving great momentum owing to increasing demand from various application industries such as healthcare and construction. Superior properties and low price of microsphere are one of the key factor driving the market growth.


This rise in the penetration of microspheres in healthcare application is credited to growing drug delivery system demand due to its superior properties such as reduced toxicity, improved efficacy, and improved patient compliance. Economic growth, rise in the total spending, increasing healthcare awareness & needs, increasing population and healthcare sector improvements are the crucial drivers of the industry development. The market is also characterized by constant R&D activities in the polymer market. The constant efforts to make modifications in molecular properties of microspheres are encouraging industry players to invest in the R&D activities on micro and nano materials.


Type Insights
In terms of revenue, the major share was acquired by hollow spheres in 2015 and is projected to grow at a rate of 10.4% over the years ahead. Hollow microspheres have been dominating the global market in recent past on account of its abilities to save material costs as compared to other resins. Hollow microspheres are applied as sensitizers in building and construction, extracting and mining uses for water gel explosives and emulsions. This is anticipated to be a key driving factor in the growth of the market. Approximately 40% of the total revenue share was shared by solid type in 2015.

The superior features of solid microspheres such as decreasing water absorption, increasing abrasion and scratch resistance helped to increase its market share of coatings segment. The application and utility of solid type microspheres depends on their size and construction.

Material Insights
Fly ash, glass, metallic, polymer and ceramic are the key raw materials used for the manufacturing of microspheres. The coating applications which require attractive appearance utilizes ceramic microspheres. Their higher crush capability and high hardness are accountable for the improvement in durability in coatings. The features of glass segment such as its tight tolerances, and increasing demand from evolving industries including high-tech equipment & specialty, automotive, life sciences application, biomedical and microscopy have helped to witness healthy growth in the recent past. This will increase the demand of the product over next nine years.


Application Insights
Healthcare segment is expected to be the largest segment on account of the increasing funding in R&D in the drug delivery systems. The construction sector is projected to be the fastest growing industry as a result of the ability of microspheres to impart higher capabilities in construction composites. The development of the construction sector in the evolving economies such as China and India is anticipated to be a critical factor for the market growth. Robust growth in the overall healthcare industry in developing countries especially Asia Pacific, which consists of China, Thailand, India, Vietnam, Indonesia and Philippines will boost the product demand.

Increasing capital investment by key players will further boost the market penetration over the forecast period. These economies are also expected to experience a stable development in other application areas such as paint & coatings and cosmetics segment. Market participants such as AkzoNobel and 3M Company are funding and conducting innovative research in the area of microspheres to support coatings and healthcare and other end-use industries.

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Regional Insights
The major revenue share is captured by North America in global and is anticipated to contribute more than 45% in the near future. Increasing demand for affordable healthcare resources coupled with increasing construction industry mainly in Mexico and the U.S. is anticipated to fuel growth of market. Another major market for microspheres is Europe. It is expected to experience cumulative gains on account of increasing demand from construction segment. APAC is expected to experience the rapid growth rate on account of healthcare awareness, longer lifespan desires, increase in the purchasing power and the growing occurrence of long-lasting world diseases related with fluctuating lifestyles.

Competitive Insights
The major players in the market includes 3M, Sigmund Linder, AkzoNobel Expancel, Luminex Corp, Potters Industries LLC, Momentive Performance Materials Inc. and Chase Corp. The market participants are heading in the way of expansion owing to the robust growth in paints and coatings, automotive, construction composites and healthcare industries. In addition, most of the producers are trying to manage costs and hence backward as well as forward integration will be vital. As a result, integration through the value chain is predicted to be a critical factor in the industry.

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Europe Industrial Air Filtration Market Development Trends and Growth Analysis by 2020

Industry Insights
Formulation and implementation of occupational health and safety regulations would primarily drive the demand of Industrial Air Filtration equipment in Europe. The encouragement provided by the governments through favourable laws will create and drive the demand for equipment limiting emissions. The industrial emissions directive-The IPCC has set a goal of creating new avenues for the air filtration industry. The products delivering high performance along with reduction in consumption of energy will positively affect the market and drive the demand for the air filtration over the forecast period. Growing awareness about environment protection, changing demographics, rapid rate of modernization and urbanization will also create demand for the products. Any industrial air filtration industry feeds on high efficiency.


Along with high efficiency, the performance of media also plays an important part, forcing the producers to research and develop more effective solutions without making any alterations in other requirements of the system. Development of new raw materials such as fibers working in conjunction with non-woven technology offers newer chances for market growth over the next few years. Producers are largely focusing on research and development to make inventions in the field of nanotechnology. Shifting of number of heavy industries to the Eastern European regions from Europe has presented comprehensive opportunities to export their technology.


Complex mechanisms are implemented to make sure that the complex devices such as the filtration equipment work efficiently. Performance and quality of industrial air filtration system is continuously being improved by implementing several new technologies so that their production cost too is reduced. Reducing the biological contaminant in the media and reducing the pressure drop are the major areas of concern and are promptly attended as well.

Product Insights
The industrial air filtration system consists of mist collectors, dust collectors, cartridge filters, baghouse filters and high efficiency particulate air (HEPA). The HEPA filters provide higher efficiencies and are extensively used in hospitals, laboratories to control microbes and allergy causing micro-organisms. Microelectronics manufacturers make the use of ULPA filters. Low-efficiency filters like the pre-filters are employed in the HEPA and ULPA filters to improve the air quality by capturing particulates before they reach the final filtration stage.


Application Insights
Increase in demand across various industries such as metal, cement, pharmaceutical, power etc. is expected to drive the growth of industrial air filtration market. Nuclear industry acts as the major pivotal factor in the generation of power for domestic and defence purposes. Fuel processing installations & waste management, nuclear energy research facilities and power generation units make use of air filtration as their main component. Stringent Environmental norms also have additionally led to the growth of air filtration systems which are used to reduce radioactive pollution.

Need to achieve energy efficiency and implementation of stringent government regulations, have caused increased application of air filtration systems in several sectors. Variety of contaminants from the environment are removed by air filtration systems. Nature of the contaminant determines the effectiveness of a particular filtration system.

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Regional Insights
In 2013 Germany consumed a considerable share of the market. Growth of HEPA filters is expected in this region over the next few years. The UK and Italy are also expected to gain momentum in the forecast period. High demand across various applications can be considered as one of the reasons for this.

Competitive Insights
Donaldson, Camfil, Clarcor are major key players in the market due to whom the market is expected to remain highly competitive. Core business strategy of the companies involve innovations and new product developments. Low-cost offshore production and changes in sourcing strategies are the methods undertaken by companies to reshape their global manufacturing footprint. This is the reason due to which most of the firms are relocating their manufacturing in countries of Eastern Europe such as Poland, Slovakia and Czech Republic. The proximity of these locations to significant markets such as Austria and Germany benefit the firms tremendously.

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Bisphenol A (BPA) Market Industry Data and Opportunities Report to 2020

Industrial Insights
Bisphenol A (BPA) is an artificial compound which is derived from acrylonitrile, butadiene and styrene. It is mainly used in the production of polycarbonates and iepoxy resins. Additionally, it plays a vital role in the production of polyetherimide, unsaturated polyester resins, polyacrylates, polysulfone resins and flame retardants. The product has asolidified crystalline structure and colorless appearance. Furthermore, it is extremely soluble in organic solvents buthighly insoluble in water. The product is used in the manufacturing of plastics and epoxy resins. Plastics derived from BPA have superior attributes such as strength and durability at low temperatures, easy processing, and good chemical and heat resistance.


These attributes make the product suitable for manufacture different consumer products such as electronic equipment, sports equipment, water bottles, compact discs and digital video discs. BPA based epoxy resins are utilized in manufacturing of interior coatings of beverage cans, thermal paper and water pipes lining. However, key developed countries including the U.S. and France have banned the usage of bisphenol A especially in food contact materials, owing to the carcinogenicity of the product. This has led to the replacement of epoxy resins with PET films in a couple of the regional markets. BPA finds significant use in the manufacturing of polysulfones and polyether ketones, which act as antioxidants in plasticizers and inhibits polymerization in PVC pipes.


Strong use of polycarbonates for manufacturing plastics is one of the important driving factors of market demand. Consumption of polycarbonates has increased over the recent years, on account of increasing utilization of consumer goods, eyeglass lenses, foundry castings, dental sealants and dental & medical devices. Construction, electronics industries and automotive industries are expected to boost the product utilization over the next couple of years. The superior performance features of BPA derived epoxy resins include thermal stability, mechanical strength, good adhesion, moisture resistivity and corrosion protection. Growing R&D activities are likely to provide new opportunities in the global industry. The health hazards on account of continuous usage of BPA in food applications, is considered to be a restraining factor over the forecast period.

Application Insights
Polycarbonates is the most dominant segment in the application field of BPA, followed by epoxy resins with regards to their production and consumption, due to heavy demand from several end-user industries. A couple of the other applications of BPA consist of unsaturated polyester resins, polyetherimide, flame retardants, polysulfone resins and polyacrylate. The numerous end-user applications act as the key drivers for market growth. Some of the product applications in consumer goods include cell phones, computers, household appliances, flooring and bicycle helmets.


Regional Insights
Asia Pacific is one of the prominent manufacturers as well as consumers of the global BPA market. This is owing to the presence of significant production base that includes significant development of polymer processing sectors, and low costs of raw material, labor and operations. There is a steady growth in demand for BPA in countries such as India and China. Many of the well-established companies from the U.S. have transferred their manufacturing operations to Asia Pacific, due to the aforementioned factors. Europe and North America are other important regional consumers of the global market.

The governments of Canada and countries in the European Union have prohibited use of polycarbonate resins in manufacturing bottles for infants. Despite, no ban in the U.S. on baby bottles, supply of the same products has been terminated over the recent years, due to rising health concerns. Such kind of government regulations have acted as restraints for industry growth.

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Competitive Insights
The key players in the global BPA industry include Samyang Innochem and Teijin Ltd., SABER, Haverhill Chemicals LLC, Saudi Kayan Petrochemical Co, Sabic Innovative Plastics, PTT Phenol Co., Nan Ya Plastics Corp., Momentive Specialty Chemicals Inc., Mitsui Chemicals Inc., Mitsubishi Chemical Holding Corp., LG Chemical Co., Kumho P&B Chemicals, Dow Chemicals, Chang Chun Plastics Co. and Bayer Material Science.

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Bio-herbicides Market Raw Material Analysis and Market Trend Forecast to 2024

Industry Insights
The Global Bio-Herbicides Market was valued at USD 1.12 billion in 2015. Rising consumer awareness combined with strict government regulatory policies towards food & environment to develop organic farming in North America, Asia Pacific, and Europe is anticipated to drive the global bio-herbicides market over the forecast period. Herbicides based chemical are known to pollute water and soil. These chemicals enter the human body through food consumption and have several adverse impacts on human health. Bio herbicides are derived from microbes including bacteria, protozoa, and fungi. Herbicides are easy to handle compounds and do not pose any threat to farmers. Furthermore, crops being harvested using bio-herbicides are considered safe for consumption as well as for human health.


Hence, such health environmental benefits connected with an organic product when compared to its synthetic counterparts are anticipated to impact the bio-herbicides market positively over the next few years. Government tie-ups with local manufacturers have been aiming at enlightening farmers for growing the bio-herbicides consumption. The inclination of consumers towards nutritional and healthier food products is also projected to impact the overall product demand positively. Synthetic herbicides low prices are anticipated to be a significant restraint for its penetration in the international market. Moreover, herbicides based on chemical are known to show superior results owing to which farmers utilize them more than bio-herbicides.


Lack of knowledge, as well as awareness among the farmers, is expected to act as a restraint for the development of the industry shortly. The combination of bio-herbicides mixed with chemical based herbicides increases the impact of the bio based product on weed and also helps in improving the process efficiency. Such wits are likely to drive the industry growth prospect over the forecast period. The resistive nature observed by weeds over the period is expected to occur as the key challenge for the manufacturers. Mares tail weed has developed resistance to some of the compounds. Industry focuses on developing new materials for weed eradication due to the resistive nature of these unwanted plants.

Application Insights
Bio herbicides are used for a variety of vegetables and fruits cultivation which makes them the top application segment. Rising organic farming combined with the high demand for quality fruits and vegetables is anticipated to be the leading factor driving the product growth. Other application segment includes turf & ornamental grass; it’s been projected to experience the maximum growth rate shortly. Ornamental & Turf segment is estimated to grow at an estimated CAGR of 16% over the forecast period. Various application of bio-herbicides such as its use in maintaining the gardens, clearing unwanted weeds around the railway tracks is anticipated to drive the segment growth overall substantially.


Regional Insights
North America was the largest bio-herbicides market and accounted for around 30% of the global revenue in 2015. Positive attitude towards organic farming and safety concerns towards the environment are the key factors driving the regional growth. Initiatives taken by the local governing bodies to educate the consumers towards health and environmental impact are expected to play a vital role especially in countries like Canada and U.S.

Europe is the largest emerging market as of regional demand. Countries like Germany, UK, Spain, Italy, and France are using bio-herbicides for high-quality fruits cultivation. Asia Pacific is expected to experience the strongest growth over the forecast period. Rising awareness towards the adverse environmental impact among the farmers is anticipated to propel the regional growth in the countries including China, Indonesia, and India. Development of rural market is expected to drive the bio-herbicides demand in SAARC nations.

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Competitive Insights
Industries key players include Hindustan Biotech, Fits Chem Corporation, Bioherbicides Australia (BHA), Marrone Bio Inventions, Mycologic Inc., Engage Agro USA and Emery Oleochemicals. A capsule-based organic product named Di-Bak is developed by Bioherbicides Australia which is very widespread to cure the woody weeds. Their products are designed to precisely suit the geographical terrain like wetlands, grasslands, and coastal areas. Research and development activities to find potential micro-organisms are anticipated to rise by local manufacturers to develop competition level in the global environment.

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Thursday, 21 June 2018

Graphene Market Raw Material Analysis and Market Trend Forecast to 2025

Industry Insights
The Global Graphene Market was valued at USD 23.7 million in the year 2015 and is estimated to grow at a CAGR of 36.7% over the forecast period. Graphene is extracted from graphite ore and is approximately 100 times stronger than steel. The product can conduct heat and electricity efficiently. Growing electronics industry is expected to drive the market in the near future. Two major graphene-based products, oxide and nano-platelets are primarily used in electronic devices and goods. Its superior properties such as high electron mobility and permeability has resulted in making it one of the most important materials in the energy, composite and electronic sectors. In 2015, nano-platelets dominated the market trailed by oxide. These products are primarily used in touch screens in mobile phones and numerous other nanotechnology applications.


Application Insights
Electronics industry dominated the application segment in the year 2015. The product is broadly used in this industry owing to its high strength and conduction property. Graphene is also used in making laptop circuit boards and personal computers apart from touch screens for mobile phones and tablets. It can also be used as a semiconductor on account of its low thickness. The growing demand from Asia Pacific region is driving the electronics industry. Although, increasing markets for tablets, smart phones, HD TVs are further presumed to fuel the global electronics industry.


In terms of revenue, composite was estimated as the second largest application accounting for 36% in 2016. These composites have the ability to enhance the conductivity and strength of bulk materials. Composites have applications in numerous industries which consist of engineering materials, aerospace and medical implants. The product is also used widely in applications in sports including F1 racing and lawn tennis.

Product Insights
Nano platelets was the largest segment of all products and accounted for over 50% in the year 2015. Nano platelets are small stacks of graphene, with thickness varying from 1 to 15 nanometres. By adding small proportions of Nano platelets, polymers such as plastic or rubber can be made conductive. These platelets can be used as electrical and thermal conductors in numerous applications owing to the high barrier and mechanical properties including stiffness and surface hardness. The product is sold in powdered form or as a coating on a substrate. This coating can make the substrate conductive, which makes the product a vital material for manufacturing transparent conductive films. Moreover, the product can also be utilized in medical applications and disease detection.


Regional Insights
In terms of global market share, North America possessed the largest share of 33.6% in 2015. The region is anticipated to experience a growth in electronics and automobiles industries, which would in turn thrust the demand. Moreover, growing energy sector in the region is projected to provide the necessary momentum to the industry in the upcoming years. APAC is expected to be the fastest-growing region in the near future. The market in this region is projected to grow on account of growth in the electronics industries in developing countries such as India, China, South Korea and Japan.

The growth of the market is expected to be driven by the growing aerospace, defense and automobile industries in this region over the next eight years. The European region which accounted for over 28% of the market in the year 2015, is expected to be the second fastest growing region, with a CAGR of 36.9% over the forecast period.

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Competitive Insights
The graphene market is highly consolidated with the presence of a few number of producers fragmented throughout the world. Graphene SA, XG Sciences Inc., Thomas Swan & Co., are some of the key participants in this industry. The major players in this industry are Directa Plus, Graphene Laboratories Inc., Haydale Graphene Industries PLC., 2D Carbon Tech Inc., Xiamen Knano Graphene Technology Corp. Ltd., Nanoxplore Inc., Graphene Nanochem PLC. Haydale and Graphene Laboratories Inc. in April 2014 announced that the HDPI, a series of superior performance materials would be offered by ‘The Graphene Supermarket’, one of the leading producers in the U.S.

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Endoscopic Vessel Harvesting (EVH) System Market Industry Data and Opportunities Report to 2025

Industry Insights
The Global Endoscopic Vessel Harvesting Market size was estimated at USD 1.8 in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in demand for EVH. According to WHO, globally CVD is the leading cause of death. It was estimated that approximately 17.7 million people died from CVD’s in 2015 that represents 31% of all global deaths. In addition, there is a rising prevalence of the risk associated with CVD including obesity, diabetes mellitus, and high blood pressure, which is further expected to boost demand for these devices.


Technological advancements pertaining to cardiovascular medical devices is one of the pivotal factors anticipated to propel the growth of the EVH systems. Growing investments by the major players in this market pertaining to device upgradation and new product launch is also amongst few factors driving the demand. For instance, Maquet Cardiovascular LLC launched advanced VASOVIEW Technology for Endoscopic Vessel procedures in Cardiac Surgery. In addition, increasing R&D activities with surging number of new product launches is one of the factor that expected to impel the market growth over forecast period.


Growing preference for minimally invasive procedures and cost efficient surgeries is further boosts demand for EVH systems. Some of the advantages associated with these devices are minimum recovery time, reducing post-surgery infection risk, and leaves minimal surgery scars. For example, Sorin Group launched the Vascular EVH System in 2011, which reduces the patient’s pain, infection rates, recovery time, and scarring. Also, rising geriatric population and growing number of awareness programs related to cardiac health contribute to the demand for EVH system.

Product Insights
On the basis of product, the market is segmented as reusable and disposable endoscopic vessel harvesting systems. The reusable segment held the majority of the revenue share and was valued at USD 1,242.4 million in 2016. Some of the key factors such as high commercial availability and maximum adoption of these devices by the hospitals are some of the key factors that can be accounted for the major market share. In addition, growing demand for EVH in Coronary Artery Bypass Graft (CABG) surgeries especially in emerging economies is another factor rising the demand for EVH systems in the market. Few of the commercially available products are Venapax Vein Harvesting, Endoperfect systems, VirtuoSaph plus EVH systems, Endoperfect systems, and Cardiovision EVH systems.


Some of the major players in the market include Terumo Cardiovascular Group; Cardio Medical GmbH; Saphena Medical; Inc.; and Liva Nova plc. However, high cost associated with product maintenance along with rising incidence of infection is one of the factors that can hamper the growth of reusable systems in the coming years. Disposable systems tend to increase the market growth owing to its increasing adoption by the hospitals especially in the emerging economies. Awareness among the consumers related to disposable devices is also rising, which is further surging demand for such systems. Some of the products in this segment include VirtuoSaph EVH systems, ClearGlide, and Vasoview Homo Pro EVH systems. Few of the major players in the market include Terumo cardiovascular Group; Sorin Group; and Maquet Holding B.V & Co. KG.

Regional Insight
North America dominated the market with the maximum share 39.54% in 2016. Some of the key factors attributing to the market growth include increase in cardiac surgeries, high prevalence of heart diseases in the U.S., and availability of minimally invasive CABG surgeries. According to The University of Michigan, CABG is the most common type of cardiac surgery performed in the region. In addition, technological developments in endoscopic equipment, medical camera, and operating room equipment & supplies market is one of the factors that drive up the demand for such systems. Furthermore, favorable reimbursement policies and rising incidences of coronary artery disease among the U.S population boost up the demand of EVH system in the U.S.

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Asia pacific region is expected to be the fastest growing segment with a CAGR of 7.7% over the forecast period. Factors such as high prevalence of cardiovascular diseases, growing trend of medical tourism, increasing disposable income, and rising awareness campaigns propel the growth in the region. On September, 2016, WHO and United States Centers for Disease Control and Prevention (US CDC), launched 'Global Hearts' which is an initiative to prevent and control in countries like India, Thailand, Sri Lanka, Nepal and Philippines participating in the Asia Pacific region.

Competitive Insights
Some of the key participants of global EVH system market include, Olympus Corporation; Maquet Holding B.V. & Co. KG; Terumo Cardiovascular Systems Corporation; Saphena Medical, Inc.; Medical Instruments S.p.a; LivaNova plc.; Cardio Medical GmbH; Sorin Group, Inc. and Med Europe S.r.I.

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Clinical Laboratory Services Market Gross Margin Analysis and Opportunities Report to 2025

Industry Insights
Global Clinical Laboratory Services Market size was worth USD 186.1 billion in 2016 which is anticipated to grow at a CAGR of more than 6.3% over the forecast period. Clinical laboratories play a vital role in the healthcare industry as approximately 80% of clinician’s diagnoses are based on laboratory analysis. As the hospitalization period is getting smaller and communication period between clinicians and patients getting abridged, such amenities which collect, interpret, and provide specific information to clinicians are witnessing escalation in demand.


Several tests offered include routine blood and urine tests, sophisticated genetic examination, based on fluorescence in-situ hybridization and molecular expression testing to detect disease evolution and abnormalities. Growing prevalence rates of chronic conditions, enhancing patient awareness and growth of geriatric population are the prominent drivers for clinical lab services market. Introduction of specialized diagnosis amenities for different pathological conditions such as endocrinology, oncology, and gynecology provide assistance to the physician in the detection and prevention of acute and chronic conditions thereby driving adoption rate.


Test Type Insights
Clinical laboratory services are segmented on the basis of different tests such as medical microbiology & cytology, clinical chemistry, human and tumor genetics, and esoteric tests. With the intensification of infectious conditions consequent upsurge in technique volumes is anticipated thereby influencing industrial growth. In 2016, the market was dominated by clinical chemistry with a revenue share of approximately 45%. Increasing incidence of chronic conditions such as cardiovascular diseases, liver diseases, and blood disorders are attributive for the estimated share of the segment. In addition to this, rising demand for point of care testing (POCT) solutions for rapid testing is projected to promote the sector growth significantly.

Service Provider Insights
Depending on the use of these services this sector is segmented into different types of labs including clinic based, hospital-based, and stand-alone laboratories. Hospital-based segment dominated with respect to revenue generation owing to factors such as the manifestation of high test volumes and high patient volumes are accountable for the largest segment share. Stand-alone labs are anticipated to exhibit fastest YoY growth over the forecast years. Rising penetration of the stand-alone laboratories is anticipated to fuel the fastest growth in the segment in the coming years.


Application Insights
Drug discovery and drug development, toxicology testing, bioanalytical & lab chemistry, preclinical & clinical trial related services, and cell & gene therapy associated services are the application of these facilities. Increasing awareness pertaining to disease diagnosis and usage of these services for advancement of health sciences and associated fields is expected to boost progress in this sector through to 2025.

Regional Insights
North America accounted for the largest market revenue in such amenities in 2016 owing to the presence of advanced healthcare organization, promising reimbursement policies, and increasing incidence of chronic diseases. Asia Pacific is anticipated to witness the fastest CAGR over the projected period. Advancements of healthcare services to fulfil the unmet needs of the clinicians are the factors which are driving the growth of lab-based facilities in developing economies such as China and India.

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Competitive Insights
Major entities functioning in this market include Charles River Laboratories, Genzyme Corporation, Sonic Healthcare, Siemens Healthcare, Quest Diagnostics, Abbott Laboratories, Qiagen, Spectra Laboratories, ARUP Laboratories, and Genoptix Medical Laboratory. Participants are actively undertaking initiatives for development of products and systems which will offer accurate patient sample results and allow thousands of samples to be processed simultaneously. Furthermore, key market players strategically collaborated with big healthcare organizations in order to ensure sustainability and widen the patient base.

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Anti-Counterfeiting Packaging Industry Structure and Landscape Development by 2025

Industry insights:
The Global Anti-Counterfeiting Packaging Market was accounted over USD 80.14 Billion in 2015. Pharmaceutical companies across the globe adopted this packaging is anticipated to witness growth over the forecast period. Increasing the awareness of consumers about an injurious reaction of spurious goods is also likely to drive demand. Anti-counterfeiting Packaging is a process of allocating secured packaging to the product. There is increasing the supply of duplicate products which results in diluting the brand identity which is a high concern for the manufacturers this packaging can witness the demand over next 9 years.


The impact of unhealthy lifestyle results in the increase in health issues drives pharmaceutical manufacturers in U.S. witnessed a high demand over the forecast period. High cost involved in implementing the anti-counterfeiting packaging to restrain the growth of this market. Manufacturers over the world are taking efforts to cut short the losses induced while manufacturing of counterfeit products is likely to promote industry growth. Product authentication techniques in FMCG products are expected to register high growth. North America and Europe are taking efforts to defend the harm occurring because of spurious products.


Product insights:
Because of a low price of secure packaging usage of covert packaging in the food industry and clothing & apparels witnessed to grow. Covert anti-counterfeiting packaging techniques are projected to grow at a CAGR of over 8% from 2016 to 2025. Asia Pacific economies adopted covert techniques is projected to grow the demand. Anti-counterfeiting Packaging is used for preventing sensitive, vulnerable products and in security labels is projected to witness growth over the forecast period. The demand for tracing technologies and RFID track is projected to record a CAGR of over 10% from 2016 to 2025 because of tracking features and superior product security adopted by the technology. RFID makes use of electromagnetic fields to automatically spot out and track tags attached to products. The tags have electronically stored information.

Application Insights:
High concerns about harmful side effects of spurious drugs and brand image are protected using the use of anti-counterfeiting packaging in pharmaceutical products which will witness high growth over the forecast period. Machine readable codes and Barcodes for food & beverage products and product security are expected to grow over the forecast period.


Regional Insights:
Asia Pacific market is projected to drive rapidly because of increasing worries concerning the damages took place due to the manufacturing of forged products. The demand is expected to grow due to large a number of pharmaceutical manufacturer’s existence. CAGR projected is of 12% from 2016 to 2025. Manufacturers in China adopted the product security technology.

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Competitive Insights:
The key players in anti-counterfeiting packaging market are Avery Dennison, CCL Industries Inc., 3M Company, Zebra Technologies Corporation, SICPA Holding SA etc. Industry witnesses a number of acquisitions and mergers to increase the company’s revenues and emphasizes on R&D for advanced technology production. Companies differentiated products from the competitor’s products posess patent to reduce the risk of product poaching. Industry is subject to have a high rivalry over companies operating high-profit margins. Industry shows integration throughout the value chain from production and development of security products and technologies to distribution. Companies undertake joint ventures for the production of advanced technology solutions to grow over the forecast period.

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Animal Feed Enzymes Market Competitive Landscape and Manufacturers Analysis by 2025

Industry Insights
The Global Animal Feed Enzymes Market was estimated at USD 1.16 billion in 2015. Enzymes are particles, which are utilized as catalysts in various chemical and biochemical reactions. These products are used as processing additives in the manufacturing of animal foodstuffs. The products can endure high pelleting temperatures and varying acidic pH conditions. Moreover, these catalytic substances are also used to minimize the viscous nature of non-starch polysaccharides, which are naturally found in animal fodder, and helps in improving the digestion rate of animals. The feed enzymes demand is driven by their growing consumption in processing of pig and poultry fodder.


U.S. is one of the major consumers of feed ingredients such as emulsifiers, enzymes and vitamins. Existence of stringent food safety regulations on the usage of additives as well as strong livestock production are likely to boost the product consumption over the years ahead. Currently ongoing trend of clean label ingredients in the U.S. that permit the use of additives used in food processing is likely to upsurge the requirement of microbial and natural feed enzymes in the future. Companies such as Advanced Enzymes Technologies Ltd. are engaged in manufacturing and supplying an extensive product portfolio of carbohydrases and proteases under DigeGrain brand.


Robust development of the animal fodder industry and increasing breeding and livestock farming activities in India, China and Brazil is estimated to foster the market growth in the future. Substantial production activities of various livestock sectors including pigs, ruminant, aqua and poultry are likely to surge the requirement of dietary ingredients, which help in boosting the metabolism of livestock while keeping the nutritional and calorific content of the fodder unaltered.

Product Insights
Carbohydrates, proteases and phytases are the key product segments of the industry. These products are used abundantly, due to their vital properties such as improvement of gut health, reduction of fodder costs and increase in the fodder efficiency. In terms of revenue, phytases accounted for 83.6% of the global industry in 2015. High amount of phosphorus present in these products helps in the improvement of animal metabolism and reproduction. Additionally, they also increase the consistency of fodder, thus boosting the livestock production. Proteases category is expected to witness fastest growth and is likely to offer noteworthy opportunities in the global market. These products are highly efficient in facilitating the digestion rate of proteins and are extensively used in pigs and poultry feed processing.


Formulation Insights
Feed enzymes are available in liquid and dry commercial formulations in the global industry. Dry formulation accounted for a dominant share in the industry in 2015. Higher preference for dry formulations is given over the liquid-based additives, due to various factors that include good thermal stability, increased enzyme activity and ease of handling. Dry formulations are generally available in pellet and powdered grades in the industry. This category is expected to witness high penetration in poultry and ruminant applications during the forecast period.

Application Insights
Enzymes are used in livestock fodder for various livestock categories including pigs, poultry, ruminant, pets, equine and aqua. Poultry held the highest market share, constituting 43.9% of the total industry in 2015. Enzymes help to enhance the nutritional value of poultry foodstuffs, minimize the quantity of anti-nutritive elements and promote weight gain among livestock. The use of these products in the ruminant and pig feed sectors is likely to boost their consumption rate, as they improve animal health, amplify the utilization of nutrients, and digestibility.

Regional Insights
Europe was the largest consumer accounting for 32.2% share in 2015. Key countries in the region including Spain are likely to witness significant market growth in the coming years. At present, Spain and Germany are a few of the highest producers of livestock in the region. North America held the second-largest share, followed by Asia Pacific.Existence of a well-established end-user industry and a channelized distribution network, are the major supporting factors of the industry in North America. Eastern European countries, including Russia, are likely to witness a fast-paced growth on account of rising pork consumption and livestock production.

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Asia Pacific is likely to illustrate fastest growth, owing to the socio-economic factors such as increasing meat consumption in India, China and other Southeast Asian countries. Moreover, there is a rising awareness of livestock diseases, which has led to the implementation of harmless animal nutrition practices in these countries. This in turn is expected to drive the demand for various animal feed products in the region.

Competitive Insights
The key participants in the industry are Danisco A/S, Novozymes, BASF SE, ENMEX S.A. de C.V., Royal DSM N.V., Advanced Enzymes, Elanco, Adisseo, Beldem S.A., AB Vista and BioResource International. Companies are strengthening their presence by focusing on research & development, production capacity expansion, new product launches, acquisitions and joint ventures. For example, BASF SE introduced Natuphos E, a new enzyme in India to serve the growing product requirements from the livestock fodder market in the country.

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Animal Feed Additives Market Raw Material Analysis and Market Trend Forecast Report to 2025

Industry insights
The Global Animal Feed Additives Market demand was over 256 kilo tons in 2015. The key driver for increasing market penetration was due to rapid and fast consuming meat and other products processed from milk which is considered as one of the leading sources of protein and essential nutrients. Feed additives are the key components for the rapid improvement of metabolism in the livestock. These constituents act as a catalyst by providing advantages such as improving weight gain, prevention of diseases, digestion, vitamin intake as well as enhances the quality of meat.


Due to these specialty additional features to the finished product, the industry is estimated to witness tremendous growth for the addition of additives in the feed over the near future. Another major factor affecting the market growth include the outbreak of numerous diseases affecting livestock like swine flu, mouth infection, and bird flu has increased the importance for safety and quality of meat and meat products.


Product Insights
Amino acids such as methionine, lysine, thiamine and tryptophan have been slated as dominant product category and contributes to around 30% of total revenue generated in 2015. The main reasons for this are increasing meat consumption especially in Asia Pacific and Middle East which is expected to result for the significant increase in amino acids demand over the forecast period. Lysine is a key amino acid additive which is essential for growth of animals especially for swine and poultry. Antibiotics emerged as the second largest product segment which accounts for around 26% of the total volume in 2015. Major benefit from antibiotics is that it helps in healthy growth of livestock which is anticipated to be the key factor driving its demand globally.

Livestock Insight
A paradigm shift has been observed globally for feed additives owing to increasing awareness for its importance in feed among consumers. The poultry segment accounted for around 35% of the total feed additives demand in 2015. Cattle category accounted for approximately 29% of the total market value in 2015. Improving feed quality along with enhanced cattle metabolism owing to the addition of these specialty additives has resulted in better dairy products yields and meat quality.


Regional insight
Asia Pacific accounted for approximately 30% of the global animal feed additives market. Countries such as China, Indonesia, and India have been facing strong growth in their respective economy owing to increasing standard of living and population explosion have increased the demand for meat products. China is the leading consumer and manufacturer of meat globally. Increasing urbanization rate and disposable income leading to change in lifestyle are anticipated to be some major factors for the increasing consumption of meat in the country.

North America accounted for over 25% of total demand in 2015. North America is the fastest growing segment for meat production and consumption. Countries such as Mexico and the U.S. have collaborated to standardized quality of meat products, which is expected to fuel feed additives demand in the region.

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Competitive Insights
The feed additives industry is highly fragmented in nature. Some of the major industry participants include Novozymes, DSM, Danisco (DuPont), BASF, Evonik, Cargill, and Kemin. The wide range of customized product offerings and development of new applications for feed additives are expected to be some of the major trends in the industry.

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Acoustic Insulation Market Variables, Information, Emerging Trends, Analysis and Forecasts 2025

Industry Overview
The Global Acoustic Insulation Market size is expected to reach a value of USD 16.55 billion by 2025. Rising consumers’ awareness regarding health and noise pollution coupled with the improving standard of living are expected to be the primary factors responsible for the growth in the global acoustic insulation industry. Recent studies and development in science and technology have shown, the ill effects of high levels of noise on human health and work, the study also highlights the significance of sound barriers. Rising concerns regarding employee comfort levels have propelled the use of noise cancelling materials in corporate offices as well as commercial buildings. The increase in the standard of living of people is most likely to drive the acoustic insulation materials demand in the residential construction segment so as to attain a peaceful environment inside the home.


Government initiatives, as well as regulation for controlling noise pollution, is also a major factor driving the global market. EPA has come up with certain standards to monitor noise produced in transportation and also sound seclusion of the building environment. The countries which form the European Union also regulates the impact, airborne and utilization of noise levels. There are also certain regulations which are imposed to ensure seclusion from external sound. According to Italian law no. 447 of 2/10/95 both public and private entities will be suspended if found guilty for noise pollution. Many such laws and regulations are passed so as to control the sound produced from Planes, Ships, and automobiles.


Product Insights
Foamed plastics is used for the insulation as it provides excellent noise barrier in closed space and it can be injected easily in tiny pockets of ceiling and walls. In terms of the rate, it is high-cost material due to which it is expected to encounter a challenge in its industry growth. In terms of revenue formed plastic is projected to dominate the segment over the forecast period. Moreover, owing to the easy availability and installation of rock wool, it is popular in the acoustic insulation market. Rock wool provides acoustic and thermal padding as well as it is fire resistance. It is low a low-cost material which has relatively higher demand in the developing countries which eventually contributes to the overall growth. Rising demand from the transportation sector is also estimated to propel the material market.

End-Use Insights
Construction and building industry is expected to witness the highest penetration of product and is projected to dominate over the upcoming years. Furthermore, rising demand from the industry can lead to the substantial amount of product required to insulate the buildings. However, considering the economic slowdown in the Europe and U.S, construction and building segment has witnessed a significant impact which in turn has affected the product market. In the developed region the sector is expected to observe a challenge due to the moderate pace of new structures over the forecast period.


Changing consumer preferences for better NVH levels along with the huge competition between automobile industry has propelled the product demand from the transportation industry. In developing countries, the rapid growth of aviation, as well as automotive industries, is anticipated to boost the acoustic insulation material demand.

Regional Insights
In the year 2015, Asia Pacific accounted for over 40% of the global demand thus being the largest market for the product. Growing building and construction industry, as well as the booming automobile sector in Asia Pacific, is expected to trigger the regional growth over the forecasted period. Acoustic insulation material has also remarkably penetrated the European markets. The stringent regulations and strict government policies on noise control for industrial equipment, transportation, and building acoustic isolation have contributed for the product’s penetration in the region. One of the restraints in the region can be the slowdown in the construction activities over the forecast period.

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Competitive Insights
Saint-Gobain, Knauf Insulation, Rockwool International A/S, Johns Manville, Owens Corning, Armacell, Paroc, BASF SE, and others are some of the key players in the industry. Companies have adopted strategies such as expanding their product portfolio, increasing their geographical reach and continuous innovations for sustaining in the market. Some of the other approaches used are mergers and acquisitions to increase their market share and also the value chain integration.

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Wednesday, 13 June 2018

Teleradiology Market Size, Trends, Emerging Market Trends and Regional Outlook By 2024

The Global Teleradiology Market size was valued at USD 1,636.6 million in 2015 and is expected to reach over USD 8.24 billion by 2024, with a CAGR of over 19.0%. Teleradiology can be defined as the exercise of a radiologist which interprets (reading) medical descriptions about those who are not actually there in the place where the descriptions are generated. Portable imaging companies, hospitals, imperative care facilities and even few personal practices utilize teleradiology services. Teleradiology services can reduce the patient worries by making it achievable for radiologists to offer their services excepting the need to be in the same place. In past few years, teleradiology was barely use in emergency, owing to the internet; this exercise started spreading very fast.


Teleradiology makes it easy to remit images as it is to remit emails that have attachment. Computer programs are their which are devoted exclusively to the spread of radiological pictures. All these development end result in teleradiology service are turning into a noteworthy medical exercise and it carries on rising over the forecast period. Teleradiology services tend to link the breach between the unwarranted requirement and supply of diagnostic services and radiologists around the globe. Teleradiology services assist to transmit radiological images such as MRIs, CTS and MRI from one place to a different place for sharing the descriptive images among other physicians and radiologist.


By utilizing technologies such as, Internet, cloud storage ,wide area network, local area network (LAN), telephone lines, as well as voice recognition, image compression, and, advanced graphics processing, teleradiology allows physicians to help their patients from a distant place, in addition ion to which making ‘second opinions ‘becomes much easier Electronic descriptive image transmission in the digital set-up is done with the intention to consult or diagnose, and the expansion and innovation in the area of digital imaging technology is expected to fuel the growth of the global teleradiology market over the forecast period. Teleradiology generates the highest revenue and is the most mature segment of the industry in the telehealth technologies industry.

Advancement in the field of digital technology has transformed the teleradiology services into an effectual means to transfer significant data about patients. Furthermore, technological advancement is expected to propel the growth of the global teleradiology market over the forecasted period. Increasing usage of cellular phones, personal digital assistants, patient monitoring systems and other wireless devices like mobile health services are expected to fuel the growth of the global teleradiology market over the forecasted period. Lack of security for imaging data coupled with the high cost of technology is likely to negatively shape the global teleradiology market over the forecast period.


New developments in the field of global teleradiology such as radiology information systems (RIS)) and picture archiving and communication systems (PACS) is expected to open new opportunity for the market over the forecasted period. Obligation to subordinate the healthcare expenditure has made the healthcare services provider to contract out the analysis of radiology images to budding and low-cost countries. The simplicity of entry for the new entrant in the teleradiology services has resulted in an advanced competition in the market, with a greater number of teleradiology service providers. Aforementioned factor is also expected to drive the growth teleradiology market over the forecast period.

Increasing digitalization is also expected to help and improve the teleradiology market over the forecast period On The basis of various imaging modalities the global teleradiology market can be segregated into four major parts such as, magnetic resonance imaging (MRI), computed tomography (CT), nuclear imaging-ray and ultrasound. The X-ray section of global teleradiology market has dominated the larger part of teleradiology market in past few years. Moreover, ultrasound imaging is expected to witness more preference over Xray and MRI over the forecasted period owing to fact as the patient is exposed to lesser amount of radiation. CT scan imaging technology is also increasing owing to fact as it allows more ability to detect abnormalities in the pancreas, liver and others.

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Increasing number of healthcare institution radiologic understanding of CT scans is also increasing. High costs attached and Shortage of technical skill to MRI and nuclear imaging are some of, the parts that will nurture slowly over the forecast period. On the basis of region Global teleradiology market can be segregated into four parts that are Asia Pacific, North America, Europe and others. In past few years North America has led the global teleradiology market. The foremost factors accountable for the enlargement of the teleradiology market in North America are rise in expenditure of healthcare companies, rapid innovation in medical approaches and well equipped hospitals.

Asia Pacific is expected to see a faster growth rate over the forecast period owing to flourishing new companies in the Countries like India. Teleradiology services provider in India are capable of conquer the shortage of radiology services by providing imaging services to healthcare institution, when radiologists are not accessible in parts of North America such as US. Time zone benefit is one more main thing that has been contributing the growth of teleradiology in India and is expected to drive the growth over the forecast period. The key vendors in Teleradiology market are Teleradiology Solutions, Sectra AB, Cybernet Systems Corporation, Virtual Radiologic, American Telecare Inc, and StatRad.

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