Swiftly rising Automotive Industry in North America is projected to drive the demand for the overall industry

The global service robotics market is projected to reach USD 15.69 Billion by 2020, at an expected CAGR of 23.7% from 2014 to 2020. The demand for the global service robotics is anticipated to surpass 18 million units by 2020. The major factor driving the industry is the rising occurrences of supported living and the demand to fight against increasing costs of labor in the developed countries.

The foremost advantage offered by service robotics includes assistance in carrying out those tasks which would otherwise have been tough and risky. Moreover, the ordinary routine tasks can be effortlessly dealt with having a high degree of accuracy with the help of these devices.

The global industry has witnessed a massive growth in the number of companies trying to enter the industry and gain share by evolving and refining their automation techniques. The components involved in the manufacturing these machines include microcontrollers, actuators, manipulators, sensors, and power supply.

 To request a sample copy or view summary of this report, click the link below:
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In 2013, personal robots had the highest share of the market regarding volume. However, the highest revenue generating segment included professional robots. These professional service robots accounted for over 70% of the global market in that year. Professional service robots are further segmented into field, medical, defense, and logistic robots. Out of these, in 2013, the defense professional service robots led the global industry concerning revenue generation and accounted for over 40% of the total revenue. This was due to their utilization of unmanned aerial vehicles.

North America emerged as the largest market in 2013, accounting for more than 35% of the overall volume share. The U.S. was the primary revenue generator of North America. This high growth in the region can be attributed to the quick rise in the development of production capacities as well as industrialization. Furthermore, the rapidly growing automotive industry in North America is also projected to drive the demand for the overall industry.

The global service robotics industry is highly branded as there is intense competition between the specialized service robot manufacturers and the industrial robot manufacturers. The major corporations operating in the market include Samsung Electronics, Toyota Motor Corporation, Hanool Robotics Corp, Honda Motors Co. Ltd. Other participants include GeckoSystems, Yujin Robot, iRobot Corporation, AB Electrolux, Fujitsu Frontech Limited, LG Electronics Inc., and Sony Corp. Over the next six years, companies including Amazon, Google, and Apple are also expected to enter into the global service robotics market.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the global service robotics market on the basis of application and region:

Service Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)

  • Professional Robots
  • Defense
  • Field
  • Medical
  • Logistics
  • Mobile Platforms
  • Underwater Systems
  • Construction & Demolition
  • Others
  • Personal Robots
  • Entertainment
  • Household

Service Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • ROW

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-service-robotics-industry

About Grand View Research

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

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

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Europe Bio-Polyamide Market is likely to grow at an estimated CAGR of 12.0% from 2015 to 2022

The Global Bio-Polyamide Market is expected to reach USD 220.6 million by 2022, according to a new study by Grand View Research, Inc. Growing demand for environmental friendly, sustainable products across various end-use industries such as automotive and consumer goods is expected to remain a key driving factor for global bio-polyamide market. In addition, positive outlook on Asian automotive industry is also expected to have a positive influence on the market growth. Favorable environmental regulations along with increasing focus on recyclable and green products particularly in the U.S. and Europe have also spurred demand growth. However, high cost of bio-polyamide compared to its synthetic counterpart is expected to remain a key challenge for market participants.
bio-polyamide-market.png
PA-6 was the leading product segment and accounted for 47.4% of total market volume in 2014. Growing demand for PA-6 particularly in automotive industry is expected to remain a key driving factor for this segment. Global demand for specialty bio-polyamides is expected to exceed 5 kilo tons by 2022.

 To request a sample copy or view summary of this report, click the link below:
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Further key findings from the study suggest:

  • Global bio-polyamide market demand was 21,411.4 tons in 2014 and is expected to reach 50,465.3 tons by 2022, growing at a CAGR of 11.3% from 2015 to 2022.
  • Engineering plastics was the most dominant application and accounted for 60.7% of total market volume in 2014. It is also expected to witness the highest growth rate of 11.5% from 2015 to 2022. Growing demand for light weight, high performance materials across aerospace and automotive industries is expected to remain a key driving factor for this segment over the forecast period.
  • Automotive emerged as the leading end-use industry and accounted for one-third of total consumption in 2014. Increasing adoption of recyclable material in the global automotive industry is expected to remain a key driving factor for this segment over the forecast period. Automotive is also expected to witness the highest growth of 12.1% from 2015 to 2022.
  • Europe emerged as the leading regional market and accounted for 34.8% of total market volume in 2014. Stringent environmental regulations regarding use of synthetic polyamide across textile and automotive industries coupled with growing demand for environment friendly products can attributed to the growth of regional market. North American bio-polyamide market is expected to exceed USD 50 million by 2022.
  • Key companies operating in the global bio-polyamide market include Arkema, BASF, E. I. DuPont De Nemours & Company, Evonik Industries AG, Huntsman Corporation and Lanxess AG. Other industry participants include Formosa Plastics Corporation, Honeywell International Inc. and DOMO Group.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-chemicals
For the purpose of this study, Grand View Research has segmented the global bio-polyamide market on the basis of product, end-use, application and region:

Global Bio-Polyamide Product Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)

  • PA-6
  • PA-66
  • Specialty Polyamides

Global Bio-Polyamide Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)

  • Fiber
  • Engineering Plastics

Global Bio-Polyamide End-Use Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)

  • Automotive
  • Textile
  • Film & Coating
  • Sports & Leisure
  • Industrial
  • Electrical & Electronics
  • Other

Global Bio-Polyamide Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)

  • North America
    • S.
  • Europe
    • Germany
    • France
    • K.
  • Asia Pacific
    • China
    • Japan
    • India
  • Middle East & Africa
  • Central & South America

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-bio-polyamide-market

About Grand View Research

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

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

Emerging Markets in North America to Gain a Stronger Hold on Neurodiagnostics Market

The global neurodiagnostics market was valued at 13.6 billion in 2015 and is expected to reach a value of USD 18.3 billion by 2024, according to a new report by Grand View Research, Inc. Key factors driving the market growth include increasing prevalence of neurological diseases due to demographic changes and growing awareness of their management. In addition, consistent technological modifications coupled with increased preference for novel diagnostic technologies will further fuel the market. The economic burden of neurological diseases is extremely high on society and governments with around 1 billion people suffering globally.
neurodiagnostics-market.png

Among all the neuro imaging techniques, computed tomography has the largest market share followed by Magnetic Resonance Imaging (MRI). Computed Tomography (CT) uses ionized radiations for the purpose of creating images, whereas MRI uses radio waves in a magnetic field. Neuroimaging techniques are used to detect brain injuries, developmental malformations in the brain area, vascular irregularities that may lead to stroke, epilepsy, etc.

Biomarkers are an important part of in vitro diagnostics for neurological disorders as their development is targeted at the early disease diagnosis with information about nervous system. Although biomarkers are not commercially available in the market, their use is confined to clinical research settings. For instance, ELISA tests for Tau protein are available in clinical studies of Alzheimer’s disease. In addition, neuroinformatics is a field that studies neuroscience and information technology. This integration allows the storage of neurological data in the form databases. The neuroinformatics market is expected to grow at second highest growth rate during the forecast period.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/neurodiagnostics-market

Further Key Findings From the Study Suggest:

  • Increased life expectancy has resulted in increased geriatric population across the globe. The prevalence of aging-related neurological diseases such as Alzheimer’s disease and Parkinson’s disease is on the rise. The diagnosis of these diseases includes neuroimaging, in vitro diagnosis, and neuroinformatics.
  • CT and MRI are the most commonly used imaging techniques across the globe, which are mainly used to detect brain abnormalities.
  • Neurological biomarkers are extremely promising as they provide a direction to the diagnostic studies. Although currently no commercial biomarker is available in the market, an extensive clinical research is happening to find out the perfect combinations of the biomarkers.
  • North America held the major market share of around 36% in the year 2015 and will retain its top position during the forecast period. On the other hand, Asia Pacific will exhibit highest CAGR of 4% over the forecast period.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Neurodiagnostics market by Technology, and region:

Technology Outlook (Market revenue in USD Million, 2013 – 2024)

  • Neuroimaging Technologies
    • Computed Tomography (CT)
    • Magnetic Resonance Imaging (MRI)
    • Nuclear Medicine Imaging (PET, SPECT)
    • Near Infrared Spectroscopic Imaging (NIRS)
    • Electroencephalography (EEG)
    • Magnetoencephalography (MEG)
    • Voxel-based Morphometry (VBM)
  • In Vitro Diagnostics
  • Neuroinformatics

Regional Outlook (Market Revenue in USD Million, 2013 – 2024)

  • North America
    • S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-neurodiagnostics-market

About Grand View Research

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

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

Owing to Upgrading in technology along with shift in demand from hardware networking solutions is expected to propel demand for Core Ethernet Devices

The global Router and Switch Market is expected to reach USD 41.03 billion by 2022, according to a new study by Grand View Research, Inc. High scale network infrastructure modernization across residential and commercial applications is anticipated to drive growth over the forecast period.
global-router-and-switch-market
Growing demand for high speed internet along with technological advancements such as big data solutions, SDN, and cloud computing are expected to positively impact demand for the router and switch market. Owing to upgrading in technology along with shift in demand from hardware networking solutions to software-based solutions is expected to propel demand for core Ethernet devices.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/global-router-and-switch-market

Shift towards Bring Your Own Device (BYOD) market is propelling companies to increase their allocation of IT budgets for enhancing network security. Owing to increased usage of mobile and other electronic devices at work, there is an increased need to strengthen the network security for effectively managing and supporting the devices combined with mitigating the threat of an outside attack. However, network failure and hardware inefficiencies with configuration of multiple platforms are expected to hamper the router and switch market.

Further key findings from the study suggest:

  • Internet exchange routers market accounted for over 40% of the overall consumption in 2014 and is expected to shrink over the next seven years. High adoption rates of carrier Ethernet services have been leading to growing competition among operators, which results in their need to differentiate their offering.
  • Multiservice edge router market is expected to grow at a CAGR of 3.4% from 2015 to 2022. It supports a variety of communication technologies, including frame relay, Integrated Services Digital Network (ISDN) and T1 circuits which is further expected to boost sales.
  • The overall service provider routing industry is expected to shrink over the forecast period. However, growing demand for core devices with technologies such as 100 GB Ethernet becomes affordable as well as service providers complete their evaluations of latest core routing platform. Trends in carrier Ethernet, IP TV and multiservice networking are expected to drive edge router demand to over USD 18 billion by 2022. Ethernet service delivery to enterprises is another prime key growth factor for these products.
  • The service provider edge router industry is expected to grow at a steady rate as several service providers continue to deploy these for LTE backhaul networks, however, other service providers cut down on investment into the fixed IP traffic networks.
  • The industry primarily includes services such as BRAS, Ethernet access, Ethernet aggregation, and internet data center. The internet data center segment was valued over USD 3 billion in 2014 and is expected to lose share over the forecast period.
  • Asia Pacific router and switch market is expected to witness significant growth over the forecast period. It accounted for over 25% of the industry share in 2014 and is estimated to exhibit high growth prospects over the next seven years. India router and switch market is expected to outpace the other regional segments, growing at a CAGR of over 6.5% from 2015 to 2022. This growth is attributable to the various initiatives and framing of tenders for government projects in the wireless infrastructure along with huge investments to build their backhaul for expansions and new network build-outs.
  • Notable manufacturers include Huawei, Juniper Networks, Cisco, ZTE Corporation and Alcatel-Lucent. Huawei is directing its R&D efforts by manufacturing quality equipment at lower prices along with strengthening its foothold in developed economies such as North America.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

Grand View Research has segmented the router and switch market on the basis of product, service and region:

Router and Switch Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Internet Exchange Router
  • Service Provider Core Router
  • Multiservice Edge Router
  • Ethernet Service Edge Router
  • ATM Switch

Router and Switch Service Outlook (Revenue, USD Million, 2012 – 2022)

  • BRAS
  • Ethernet Aggregation
  • Ethernet Access
  • Internet Data Center
  • Others

Router and Switch Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • MEA

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/router-switch-market

About Grand View Research

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

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

Growing Rapid Demand in North America & Europe is expected to remain high for Industrial Lubricant Market

The global industrial lubricant market is expected to reach USD 68.41 billion by 2024, according to a new report by Grand View Research, Inc. The growth of key end-use industries such as chemical manufacturing, food processing and electronics particularly in Asia Pacific is expected to drive industry growth. Increase in industrial output in emerging economies such as China, India, Russia, Brazil, and South Africa, predominantly in core manufacturing sectors, such as metal forming, foundry, consumer appliances, and plastics, along with the mining industry is expected to foster demand.

Initiatives such as continuously evolving emission standards, improving engine technology, and norms about mitigated carbon footprints are being adopted in emerging economies such as China and India. The paradigm shift towards environmental conservation is touted to be the key growth driving factors.

Chemical manufacturing was the largest application for industrial lubricants due to the high demand for non-reactive, sustainable and compatible processing fluids to handle various intermediaries and petrochemicals in a safe & efficient manner.

 To request a sample copy or view summary of this report, click the link below:
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Further key findings from the report suggest:

  • The global Industrial Lubricant Market demand was 15.01 million tons in 2015 and is expected to reach 19.47 million tons by 2024, growing at a CAGR of 3.0% from 2016 to 2024
  • Demand in North America & Europe is expected to remain high despite relative stagnancy in manufacturing growth. A revitalized manufacturing sector post recovery from the economic depression of 2009, is a major driving factor for lubricants consumption in these regions
  • India emerged as the fastest growing market in Asia Pacific and is expected to grow at a CAGR of 4.3% from 2016 to 2024. India offers rewarding opportunities to industry participants with the government implementing innovative schemes to bolster domestic manufacturing activities
  • Process oils primarily find use in the rubber, chemical and technical industries as a process aid or raw material. The segment accounted for over 32% of the global volume in 2015, growing at an estimated CAGR of 3.1% from 2016 to 2024
  • Key companies operating in the industry include Shell, Total S.A., ExxonMobil Corp., Chevron Corp., Valvoline International, Kluber Lubrication, Fuchs Group, The Lubrizol Corporation, Clariant, Castrol, and Petronas Lubricant International

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Industrial Lubricant Market on the basis product, application and region:

Global Industrial Lubricants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Process Oils
  • General Industrial Oils
  • Metalworking Fluids
  • Industrial Engine Oils
  • Others

Global Industrial Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Metalworking
    • Metal Forming
    • Metal Cutting
    • Metal Joining
    • Electronics
    • Industrial Heat Exchangers
  • Textiles
    • Textile Weaving
    • Non-Woven Textile
    • Textile Finishing
    • Composites
  • Energy
    • Transformer Oil
    • Pipelines
    • Liquefied Natural Gas
    • Ocean Energy
  • Chemical Manufacturing
    • Industrial Gases
    • Fertilizers
    • Polymers
    • Others
  • Food Processing
    • Beverages
    • Frozen Food
    • Canned Food
    • Processed Potatoes
    • Bakery
    • Cocoa Chocolate
  • Hydraulic
    • Compressors
    • Bearings
  • Other Industrial Applications

Global Industrial Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Southeast Asia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-industrial-lubricants-market

About Grand View Research

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

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

Growing Health Awareness is Key Factor behind tremendous market growth Up To 2024

The global bioactive ingredient market is expected to reach USD 51.71 billion by 2024, according to a new report by Grand View Research, Inc. Increasing disposable income coupled with growing health awareness among consumers is expected to aid the market growth. Their functional properties are capable of acting on the human metabolism physiology by providing potential health benefits.

The extraction of these bioactive compounds from original sources provides ample opportunities for adding value to food products and also improves the dietary patterns of the changed consumer’s lifestyle. They also help in preventing diseases related to heart, cancer, degenerative forms and Alzheimer’s.

Marine environment is a significant source for yielding bioactive components. Consumption of long-chain fatty acids by some fish species is strongly associated with protection from coronary heart diseases (CHD). Fish Origin Omega 3 PUFA oil are claimed to have a lot of health benefits related to a person’s diet.

Recently, it has been reported that there is an increasing demand for fish oils and fish oil fortified products across various regions. Marine organisms are potentially identified for calcium, antioxidants, anti-hypertensive proteins, selenium, and chitin. Their usage in functional food segment is regarded as the most important part and is expected to affect the overall market over the next eight years.

However, extraction of medicines derived from plants is affecting the environment by causing deforestation and is expected to affect the industry critically over the forecast period. Also, to meet the rising consumer’s interest for these products, manufacturers is putting a lot of pressure on the marine organisms.

Recent technological advances such as microencapsulation are adopted for protecting bioactive ingredients from unwanted reactions and oxidation. There is a rising demand among manufacturers to find suitable solutions that provide higher productivity and adequate quality of the final products.

 To request a sample copy or view summary of this report, click the link below:
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Further key findings from the report suggest:

  • Fibers were the leading product segment and accounted for over 25% of global revenue in 2015. The effectiveness of fibers and rising awareness regarding its benefits are the primarily attributed reasons for this scenario.
  • Functional food & beverage product segment is expected to witness the highest CAGR of 7.4% over the forecast period. The consumers owing to its potential health benefits prefer this segment.
  • Asia Pacific was the leading consumer and accounted for over 35% of total revenue in 2015. The region is also expected to witness the highest growth of 7.5% over the next eight years. Changing lifestyle coupled with rising health consciousness among people particularly in China and India is drive the regional growth.
  • Key industry participants include Mazza Innovation Ltd., Sabinsa Corporation, Ingredion Incorporated, BASF, Cargill Inc, Ajinomoto Co. Inc, Archer Daniel Midland Company and DuPont.

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

Global Bioactive Ingredients Product Outlook (Revenue, USD Billion, 2014 – 2024)

  • Fiber
  • Vitamins
  • Omega 3 PUFA
  • Plant extracts
  • Minerals
  • Carotenoids & antioxidants
  • Probiotics
  • Other types

Global Bioactive Ingredients Application Outlook (Revenue, USD Billion, 2014 – 2024)

  • Functional food & beverages
  • Dietary supplements
  • Clinical Nutrition
  • Personal care
  • Other products

Global Bioactive Ingredients Regional Outlook (Revenue, USD Billion, 2014- 2024)

  • North America
    • S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
  • Central & South America
  • Middle East & Africa

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-bioactive-ingredients-market

About Grand View Research

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

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

Diagnostics & Monitoring Device Segment is anticipated to grow at the fastest growth rate of 8.4% during the forecast period

Global cardiovascular devices market is anticipated to reach USD 121 billion by 2024, according to a new report by Grand View Research, Inc. increasing geriatric population, sedentary life style coupled with unhealthy dietary habits is spurring the prevalence of cardiovascular diseases. Constant rise in the patients suffering from cardiovascular diseases and is expected to drive market growth during the forecast period.
cardiovascular-devices-market.png
Governments are trying to limit hospital readmissions to reduce the prevalence of hospital acquired infections (HAIs) by imposing penalties on hospitals. As a result, adoption of home healthcare, remote patient monitoring, and long term care services is rapidly increasing. Thus, demand for cardiovascular devices is increasing from hospitals, patients based in home settings, and long term care centers.

In addition, favorable government policies such as reimbursement coverage are fueling adoption of these devices. Thus, increasing target patient population, rising acceptance of home healthcare, and favorable government policies are some of the major factors driving the growth of the global cardiovascular devices market.

On the other hand, high device cost and stringent regulatory approval procedure are some of the prime factors challenging the growth of the market. In addition, lack of skilled professionals to perform surgical procedures using advanced devices is impeding the adoption of new devices.

To Request a Sample Copy OR View Summary of Report: http://www.grandviewresearch.com/industry-analysis/cardiovascular-devices-market

Further key findings from the study suggest:

  • Availability of minimally invasive surgical devices coupled with high surgical cost is resulting in higher revenue share of surgical devices. As a result, surgical devices segment dominated the overall market in 2015.
  • Diagnostics and monitoring device segment is anticipated to grow at the fastest growth rate of 8.4% during the forecast period. Government initiatives to promote early diagnosis of the diseases, increasing adoption of home healthcare services and long term care centers is primarily affecting the growth of diagnostic and monitoring segment positively.
  • North America dominated with market share of 42.3% of the global market in 2015. Presence of large pool of target population, reimbursement coverage and high adoption rate for advanced treatments are some of the factors driving the growth of the cardiovascular devices market in North America.
  • Furthermore, favorable government policies and presence of well-defined regulatory framework are some of the factors augmenting the market growth in North America.
  • Asia Pacific is anticipated to register significant growth during the forecast period. Growth of the region would primarily attribute to anticipated rise in geriatric population prone to cardiac diseases and booming medical tourism in Asia Pacific.
  • Moreover, presence of rapidly developing countries such as India and China are expected to render positive growth to the Asia Pacific market. Government initiatives to improve healthcare infrastructure, increasing healthcare expenditure and increasing demand for advanced healthcare facilities are some of the factors anticipated to push the market in India and China towards swift growth.
  • Major players contributing to the global market include, Medtronic plc, Becton Dickinson and Company, Cardinal Health, Inc., Boston Scientific Corporation, B. Braun Melsungen AG and Abbott Laboratories, Inc., Cook Medical, Inc., Terumo Cardiovascular Systems Corporationand St. Jude Medical, Inc.
  • Competition among the key players would depend upon several factors included but not limited to manufacturing capacity, strong distribution network, pricing strategy and product innovation

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the cardiovascular devices market on the basis of product and region:

Cardiovascular Devices Market, by Product, 2013 – 2024 (USD Billion)

  • Diagnostic and monitoring devices
    • ECG
    • Holter monitors
    • Event monitors
    • Cardiovascular diagnostic catheters
    • Implantable loop recorders
    • Echocardiogram
    • PET scan
    • MRI
    • Cardiac CT
    • Myocardial Perfusion Scans
    • Doppler fetal monitor
    • Others
  • Surgical devices
    • Pacemakers
    • Stents
    • Catheters and accessories
    • Guidewires
    • Cannulae
    • Electrosurgical procedures
    • Valves
    • Occlusion devices
    • Others

Cardiovascular Devices, by Region, 2013 – 2024 (USD Billion)

  • North America
    • S. Cardiovascular Devices Market, by Product
    • Canada Cardiovascular Devices Market, by Product
  • Europe
    • Germany Cardiovascular Devices Market, by Product
    • K. Cardiovascular DevicesMarket, by Product
  • Asia Pacific
    • China Cardiovascular Devices Market, by Product
    • India Cardiovascular Devices Market, by Product
  • Latin America
    • Brazil Cardiovascular Devices Market, By Product
    • Mexico Cardiovascular Devices Market, By Product
  • MEA
    • South Africa Cardiovascular Devices Market, By Product

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-cardiovascular-devices-market

About Grand View Research

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

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