Global Military Radar Systems Market To Reach USD 14.46 Billion By 2024

Military Radar Systems Market

The global Military Radar Systems Market to reach USD 14.46 billion by 2024, driven by the rising need for improving safety and security on the borders and rising conflicts among neighboring nations. North America was the largest regional market commanding the highest revenue share in 2016 and is expected to maintain its dominance over the forecast period.

The region is home to many active vendors such as Raytheon Company and Northrop Grumman Corporation in the defense market at large. Rise in investment activities, especially in developing countries such as China and India to strengthen their armies is expected to boost the military radars systems market over the forecast period.

The ground-based radar platform dominated the market owing to its uses and applications in surveillance and weapon guidance. The segment is expected to continue to dominate the market over the forecast period as well. Airborne radars are widely used for guiding missiles and for tracing accurate and precise targets. Naval radars are expected to follow a similar growth trajectory with an expected increase in demand over the forecast period.

Growing safety and security concerns with the nations along with rising investments and defense budgets are expected to spur growth in military radar systems market. Technological advancements in the military radar systems industry are leading to the growth and development of lightweight military radars which is projected to add to the growth of the market over the forecast period.

The military radar systems market is estimated to witness growth in demand owing to the escalation in terrorist activities, border intrusions, and inter-country conflicts. Military radars are used for accurate and precise detection, surveillance, tracking, warning, and ground mapping of weapons and aircraft in the war zone.

While the market for military radar systems is expected to grow over the forecast period, it remains susceptible to the prevailing economic situations. The result of economic slowdown has affected military spending in many countries, hindering the growth opportunities for defense market at large.

European countries, such as Germany, UK, and Russia have observed cut down in defense expenditure owing to the financial crises and macroeconomic conditions. Furthermore, the development of space-based radars involves considerable expenditure on R&D activities, engineering, and production.

Hexa Research has segmented the global military radar systems market based on platform, application and region:

Segmentation by platform, 2014 – 2024 (USD Billion)
• Ground-Based
• Naval
• Airborne
• Space-based

Segmentation by application, 2014 – 2024 (USD Billion)
• Weapon guidance system
• Surveillance

Segmentation by region, 2014 – 2024 (USD Billion)
• North America
• U.S.
• Asia Pacific
• China
• India
• Europe
• France
• UK

Key players analyzed
• Lockheed Martin Corporation
• Boeing
• Northrop Grumman Corporation
• Raytheon Company
• Saab Sensis Corporation
• BAE System PLC
• Airbus Group
• General Dynamics Corporation
• Leonardo DRS
• Harris Corporation

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Europe Fuel Card Market To Reach USD 264.95 Billion By 2024

europe fuel card marketThe Europe Fuel Card Market is expected to reach USD 264.95 billion by 2024 owing to the rising demand for cashless transactions, and availability of add-on benefits. The evolution of technologies in the payment industry has made people more inclined towards smart payment options which ensures a track on their spending as well securely. This increased need for safe and reliable digital payment is expected to drive the fuel card industry in Europe over the next few years.

Fleet managers have been looking for viable real-time solutions to ensure appropriate tracked spending. The fuel cards not only provide with the discounts and rebate but it also comes with online reporting tools which provide fleet managers with in-depth data as to where their fuel card has been used, who used it and for what purpose. Managers also can limit the fuel card spending real time.

The loyalty program provides drivers with fuel points on their purchase. It also has different advantages such discounts on non-fuel items, offers, and gifts. Thus, is expected to boost the fuel card industry.

Fuel cards prevent theft; hence, they help fleet managers reduce unaccounted spending. A fuel card is accessed using the secured pin and driver is obliged to show his identity proof while using. Thus, it helps prevention of theft in employees and is expected to drive the fuel card industry in the near future.

The universal card has penetrated the European market and fleet managers are inclined to use it due to the various benefits it offers. Branded cards from the oil companies such as ESSO, BP, and Shell are widely used and hold second largest market share in the forecast period.

The light weight vehicle is the ones who are major users of fuel cards. However, the heavy vehicles segment is expected to grow over the forecast period owing to the increasing commercial transport.

The UK was the largest and is likely to be the fastest growing market with a CAGR of 20.7% over the forecast period. Germany will see a steady growth during the forecast period. Many big players are opting for merger and acquisition to expand their presence in the region. For instance, international players such WEX and FLEETCOR have entered into Europe by taking over ExxonMobil and Shell respectively.

Hexa Research has segmented the Europe Fuel Card market on the basis of type and conveyance on a regional and country level:

Segmentation by Type, 2014 – 2024 (USD Million)
• Universal card
• Branded/Proprietary card
• Merchant card/Bank card

Segmentation by Conveyance, 2014 – 2024 (USD Million)
• Light weight
• Heavy weight

Segmentation by Country, 2014 – 2024 (USD Million)
• Germany
• UK
• Italy
• France
• Spain

Key Players Analyzed
• FLEETCOR, LLC
• WEX
• DKV EURO SERVICE GmbH + Co. KG
• UK Fuels Limited
• W.A.G. Payment Solutions, a.s.
• BP PLC
• ExxonMobil Corporation.
• Shell
• Aral
• Total

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Hypodermic Needle Market Worth USD 4,238.9 Billion By 2024

hypodermic needle market

The global Hypodermic Needle Market to reach USD 4,238.9 billion by 2024. Implementation of stringent legislation to reduce needlestick injury and increasing awareness related to safety needles among the healthcare provider is expected to drive the hypodermic needle market over the forecast period. Furthermore, increasing awareness of the regular immunizations coupled with increasing preference for regular health check-ups will further escalate the demand for hypodermic needles over the forecast period.

Moreover, rising geriatric population, increasing prevalence of diabetes, improving healthcare hygienic sample withdrawal practices in emerging economies such India, China, and Brazil is projected to propel the demand for hypodermic needle over the forecast period. However, the high cost of automated safety needles and the introduction of needleless delivery mechanisms might restrain the market growth in the forecast period.

Worldwide, needlestick injuries are the primary concern for healthcare providers. In the U.S., every year, approximately, 8 to 10 lac needlestick injuries occur to healthcare workers, and about 1000 of them get contacted with infectious diseases, and 500 to 600 die each year due to these types of injuries. The cost of needlestick injury follow-up in the U.S. per incident is approximately USD 3,000, and around USD 3 billion is spent annually in the U.S. on needlestick injuries. Hence, the increasing occurrence of these type of injuries results in the development of improved and effective safety needles.

Safety engineered devices (SEDs) are categorized into passive and active devices. Passive needles are highly preferred over conventional needles owing to its advantages such as user-friendliness and others. Also, with the implementation of the regulations promoting the use of safety hypodermic needles will further enhance the acceptance of these needles over the forecast period. For instance, World Health Organization (WHO) encourages injection safety worldwide through the Safe Injection Global Network (SIGN).

Exposure to needlestick injuries may cause severe blood-borne diseases such as HIV and Hepatitis. Owing to the increasing occurrence of needlestick injuries, healthcare providers are shifting towards the use of safety hypodermic needles. Furthermore, manufacturers are focusing on developing needles and syringes safety-engineered mechanisms to avoid any injuries. For instance, BD has developed SafetyGlide, Vacutainer Eclipse blood collection needle, and VanishPoint blood collection safety needle. Hence, increasing focus on the development of advanced engineered mechanisms about the needles performance and efficiency will further drive the growth.

Hexa Research has segmented the global hypodermic needle market based on type, end-use and region:

Segmentation by product type, 2014 – 2024 (USD Million)
• Safety Needle
• Non-safety Needle

Segmentation by end-user, 2014 – 2024 (USD Million)
• Hospitals & Clinic
• Diagnostic Lab
• Homecare

Segmentation by region, 2014 – 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• Japan
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

Key players analyzed:
• Becton, Dickinson, and Company
• Medtronic
• Retractable Technologies
• Terumo Medical Corporation
• Smiths Medical

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Commercial Telematics Market To Reach USD 114.28 Billion By 2025

Commercial Telematics MarketThe global Commercial Telematics Market is expected to reach USD 114.28 billion by 2025 on account of to the rapid penetration of smart connectivity systems in passenger cars as well as commercial vehicles. Continuous software developments to link smartphones to the vehicle to improve drive quality, increase road safety, and monitor real-time positioning of automobiles to avoid congestions in case of any emergency situations are key parameters contributing to the growth of the market.

Features such as vehicle tracking, fleet management, satellite navigation, and wireless vehicle safety ensure improved ride quality. Such features are expected to fuel the market over the forecast period.

Solutions such as infotainment systems and services such as maintenance & training services are gaining momentum pertaining to rising awareness regarding driver and passenger safety. Furthermore, supporting government regulations regarding implementation of automotive telematics are expected to drive the market over the forecast period. For instance, in March 2016, the Japanese government joined hands with the U.S. and Europe for R&D on autonomous vehicles where commercial telematics have a wide scope.

Insurance telematics accounted for 10.2% of the overall market share in 2016. The segment is anticipated to experience high demand for commercial telematics over the forthcoming years attributed to the need to increase safety and reduce the loss from accidents.

Integration and deployment have important features such as safety-related data, location-based data, diagnostic data, communication features and interactivity features. These features help the commercial vehicles to keep a complete track of the vehicle and are very useful in various instances such as breaking down of the vehicle, track fuel efficiency and radio communication. The segment is likely to grow at a 24.4% CAGR over the forecast period.

North America and Europe together dominated the global market contributing to over 65% of the revenues generated in 2016. The rise in concern of security, driver safety, and the increase in the need for vehicle tracking are some of the key factors resulting in the technology establishing a strong foothold in the regions over the past few years.

PTC, Inc., TomTom Telematics, Zonar Systems, Inc., OCTO Telematics Ltd, Trimble Inc., Verizon Telematics, Inc., Mix Telematics International (PTY) Ltd, Koito Manufacturing, Omnitracs, LLC, Masternaut Limited, Inseego Corporation and Volkswagen Commercial Vehicles are some of the key players in the market.

Hexa Research has segmented the global commercial telematics market on the basis of solution, services, vehicle type, product, source and region:

Segmentation by Solution, 2014 – 2025 (USD Million)
• Fleet/Asset Management
• Navigation & Location Based Systems
• Infotainment Systems
• Insurance Telematics
• Safety and Security
• Remote Alarm and Incident Monitoring Solutions
• V2X
• Others

Segmentation by Service, 2014 – 2025 (USD Million)
• Integration & Deployment
• Consulting & Design
• Maintenance & Training Services

Segmentation by Vehicle Type, 2014 – 2025 (USD Million)
• Passenger Cars
• Commercial Vehicles

Segmentation by Product, 2014 – 2025 (USD Million)
• Hardware
• Software

Segmentation by Source, 2014 – 2025 (USD Million)
• Aftermarket
• OEM

Segmentation by Region, 2014 – 2025 (USD Million)
• North America
• U.S.
• Canada
• Europe
• France
• UK
• Germany
• Asia Pacific
• India
• South Korea
• Japan
• China
• Central & South America
• Brazil
• Mexico
• Middle East & Africa

Key Players Analyzed
• PTC, Inc.
• TomTom Telematics
• Zonar Systems, Inc.
• Octo Telematics Ltd.
• Trimble Inc.
• Verizon
• Mix Telematics
• AirIQ Inc.
• Omnitracs, LLC
• Masternaut Limited
• Inseego Corporation
• Volkswagen Commercial Vehicles

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Aerospace Plastics Market To Grow At CAGR Above 10% Till 2024

Aerospace Plastics Market

The global Aerospace Plastics Market stood nearly 57 kilotons in 2014. It is estimated to grow at over 10 percent CAGR from 2016 to 2024 (forecast period). Regulatory policies coupled with robust fiscal aid should be the key market propeller. The market will also be driven by usage in airplanes, alternatives for steel & aluminium, and expansion in the aviation industry.

The aviation industry is likely to observe high growth across Middle Eastern nations; like Qatar, U.A.E., and Saudi Arabia. Higher air traffic in defense & commercial sectors has contributed sales for the North American market. Strict policies on petro-based products can hamper feedstock (high-grade plastics, etc.) availability.

Moreover, adoption of carbon fibers in other applications may limit the availability of raw materials. Airplane manufacturers have begun employing a blend of thermoplastic & metal composites to lower fuel emissions and ensure passenger convenience. The aerospace plastics market is fragmented by applications, polymers, end-users, and geographies.

Applications comprise wings & rotor blades, airframe & fuselage, and cabin areas. Airframe & fuselage was the biggest segment in 2013. Demand for aerospace plastics in wings & rotor blades surpassed 7, 900 tons in 2014. ‘Plastics adoption’ in wings makes the latter quite resistant to metal fatigue. Demand for cabin area applications would grow at over 5 percent CAGR till 2024.

Polymers are polyether ketone ketone (PEKK), polyether ether ketone (PEEK), and polymethyl methacrylate (PMMA). PEKK was nearly USD 74.5 million in 2014. It has high ‘glass transition temperature’ & ‘mechanical load.’ PMMA generated around USD 168 million in 2014. It is used in flight decks & cockpits owing to its lightweight features.

Aerospace plastics do not rust and can function better than other materials. This characteristic bodes well for the aerospace plastics market and drives its incomes. End-users consist of military aircrafts, general aviation, and commercial & freighter aircrafts. Commercial & freighter was the biggest segment in 2013. Military aircrafts are likely to experience the fastest growth.

Geographical regions encompass Europe, Asia Pacific, North America, and rest of the world. Europe dominated the global market in 2013. This region and Asia Pacific may be lucrative in the near future.

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Synthetic Diamonds Market Size Worth USD 28.26 Billion By 2024

Synthetic Diamond MarketThe global Synthetic Diamond Market is estimated to be worth USD 28.26 billion by 2024 as a result of its increasing demand for cutting, polishing, and drilling. Increasing utilization of these functions for development of infrastructure coupled with the growing spending on the sector is likely to propel market growth over the projected period.

Expansion of the electronics and healthcare production base in countries including India and China is expected to provide new opportunities for the development of the market. Presence of manufacturing bases of companies including Samsung, Apple, Sony, Abbott, and GSK in Asia Pacific is expected to drive the demand for synthetic diamonds in various industrial applications.

North America synthetic diamond market was valued at USD 3.89 billion in 2016 and is expected to witness above-average growth in light of rebound of the manufacturing sector. However, the presence of a stringent regulatory framework for the mining sector is likely to deter growth. Nonetheless, usage of synthetic diamonds in the existing mining processes is expected to support the market.

Asia Pacific is likely to witness the fastest growth at a 9.1% CAGR over the projected period owing to the tremendous untapped potential of the manufacturing sector in the region. Increasing use of synthetic diamonds in various manufacturing processes owing to their relatively low cost and ease of availability.

Polished synthetic diamond market is anticipated to grow at a CAGR of 8.3% over the projected period on account of their relatively low demand in industrial application. However, the increasing use of these stone in jewelry coupled with the rising consumer awareness regarding fashionable accessories is expected to open new avenues for the growth of the market.

Electronics was the largest application segment and is expected to witness growth at a CAGR of 8.7% over the projected period. Increasing demand for consumer electronics including washing machines, refrigerators, HVAC, smartphone, and tablets is expected to drive the market for synthetic stones subsequently.

Centaurus Technologies Inc., Applied Diamond Inc., Element Six, New Diamond Technology, and ILJIN are some of the prominent players in the market. These companies are focusing on R&D to develop stones with a higher carat. For instance, using the HPHT process, New Diamond Technology (NDT) unveiled a 10.07 carat blue stone in September 2016.

Hexa Research has segmented the global synthetic diamonds market based on operating process, type, application and region:

Segmentation by process, 2014 – 2024 (USD Million)
• HPHT (High Process High Treatment)
• CVD (Chemical Vapor Deposition)

Segmentation by type, 2014 – 2024 (USD Million)
• Rough
• Polished

Segmentation by application, 2014 – 2024 (USD Million)
• Construction & Mining
• Electronics
• Jewelry
• Healthcare
• Others

Segmentation by region, 2014 – 2024 (USD Million)
• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• India
• China
• Rest of the World (RoW)

Key players analyzed
• Applied Diamond Inc
• Centaurus Technologies Inc.
• Crystallume
• Element Six
• ILJIN
• New Diamond Technology
• Pure Grown Diamonds LLC
• Scio Diamond Technology

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Anti-Reflective Coatings Market to Reach USD 6 billion by 2024

Anti-Reflective Coatings MarketVolumes in the global Anti-Reflective (AR) Coatings Market are estimated to be over 510 kilo tons by 2024. With a CAGR exceeding 6% from 2016 to 2024 (forecast period), the market would be valued about USD 6 billion in 2024. Demand for AR coatings is mainly pushed by higher preference for anti-glare & anti-reflection lenses/eyewear.

The consumption of such coatings in optical and electrical/electronic applications has created huge industry opportunities. These applications should trigger further demand in the near future. The advantages of AR coatings include back glare removal, improved transmittance, and lower reflectance. Their use delivers much better picture quality on devices;  like monitors, televisions, etc. Moreover, AR coatings can capture clearer and ‘close-to-real’ images from optical lenses.

Chief factors favoring the market are burgeoning worldwide population and the need for ‘vision correction.’ Boom in electronics & semiconductor industries coupled with expansion across flat panel displays is expected to positively impact market consumption.

Focus on renewable energy is projected to create new avenues for AR coatings. Owing to their anti-reflective properties, they could become integral to solar panels in the forthcoming years. However, consumers in the Anti-Reflective Coatings Market are not fully aware of the uses and benefits of these products. This inhibits market growth. Furthermore, soaring prices of key raw materials, like magnesium chloride may have an adverse effect.

The industry is split on the basis of end-users and geographies. Electronics, telecommunications, eye-wear, automotives, and solar constitute the end-users. Eye-wear dominated in 2015. The demand for ‘anti-reflective’ spectacles and lenses is proliferating due to superior optical experience offered by AR coatings. Consumers are willing to spend more on comfort and higher visibility, especially while driving at night.

Electronics was the second-largest segment in 2015. It is said to grow lucratively during the forecast period. AR coatings are mainly used in smartphone displays and flat glass panels. They are also incorporated in semiconductors. Solar would grow at the fastest rate till 2024. When used in solar panels, AR coatings transmit more light and curb its reflection.

Geographically, the Anti-Reflective Coatings Market is divided into North America, Asia Pacific, Europe, Latin America, and the MEA (The Middle East & Africa). North America has been leading since 2013. This can be attributed to abundant demand for flat panel displays, lenses, and eyeglasses in the U.S. and Canada. Europe should generate high demand for solar panel applications. Robust automotives industry in France, Germany, and the U.K. may spur Europe.

Asia Pacific is predicted to emerge as an important region by 2024. It is the manufacturing hub of many industries. Large-scale solar projects in India, China, and Bangladesh will contribute regional expansion.

Famous players in the worldwide anti-reflective (AR) coatings market comprise Honeywell International Inc., Carl Zeiss AG, Essilor International S.A., and Optical Coatings Japan. Royal DSM, JDS Uniphase Corporation, and Hoya Corporation are the other well-known vendors.

To stay competitive, majority of these participants emphasize on developing easy-to-clean products with scratch & fingerprint resistance and anti-static properties. Due to the challenging economic environment globally, small & medium manufacturers are finding it difficult to sustain their businesses. This fuels industry consolidation by way of mergers & acquisitions.

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Type 1 Diabetes (T1D) Market Size To Reach USD 25.52 Billion By 2024

Type 1 Diabetes (T1D) Market

The global Type 1 Diabetes Market is expected to reach USD 25.52 billion by 2024. A significant increase in the prevalence of type 1 diabetes coupled with Rigorous research & development activities to introduce novel formulations drives the T1D market growth.

Sedentary lifestyles, unhealthy diet habits coupled with rising obesity rates will further enhance the uptake of various types of insulin for the treatment of this disorder. Though this type of diabetes is rare still the number of cases is increasing by 3% every year according to the data enumerated by the International Diabetes Federation (IDF).

Insulin therapy is very much essential in the patients who have type 1 diabetes. Rising launch of the novel insulin formulations along with several adjunct therapies will positively impact the insulin acceptance. On the other hand, this chronic disorder poses a significant economic impact owing to the increasing cost of insulin coupled with other conditions such as cardiac disorders, kidney disease among others. This affects the respective countries and their national healthcare systems. For instance, the expenditure on diabetes management accounts for around 5% to 20% of the total healthcare spending.

Rapid-acting, long-acting and premix analogs are the three major types of insulin analogs administered to the patients. These insulin types when delivered duplicate the action of natural insulin and avoid the excess release of glucose in blood cells. The market penetration of long-acting insulin products is higher as compared to other two types, however, during the forecast period, the uptake and acceptance of rapid and premix analogs are anticipated to increase. The reason being the quick action and optimum performance of these two over long-acting insulin.

The insulin analogs market is consolidated in nature as three companies account for more than 50% of the total market share. The reason being extensive product offerings and continuous research and development activities. This market is witnessing an ongoing patent erosion affecting the market sustainability of companies. Also, high probability of launch of several biosimilars by new entrants, major players might face competition during the forecast period.

To enhance the overall sustainability, established players such as Novo Nordisk, Sanofi, and Eli Lilly are continuously investing in the development of the improved versions of insulin products. For instance, recent launches by Novo Nordisk (Xultophy, Tresiba) and Sanofi’s Toujeo (improved version of Lantus). These factors exhibit the promising growth for type 1 diabetes treatment market.

Hexa Research has segmented the global type 1 diabetes (T1D) market based on insulin analog, and region:

Segmentation by insulin analog, 2014 – 2024 (USD Million)
• Rapid acting
• Long acting
• Premix analogs

Segmentation by region, 2014 – 2024 (USD Million)
• North America
• U.S.
• Europe
• UK
• Asia Pacific
• China
• India
• Rest of the world

Key players analyzed
• ADOCIA
• Biocon
• Bioton
• Eli Lilly and Company
• Novo Nordisk
• Sanofi
• Wockhardt

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Hernia Repair Market Size Worth USD 6.60 Billion By 2024

Hernia Repair Market

The global Hernia Repair Market is expected to reach USD 6.60 billion by 2024. Rigorous research & development activities, growing number of obese patients and high susceptibility of geriatric patients to suffer from hernia are expected to drive the market over the forecast period. Increasing technological sophistication in repair devices and rigorous research and development of the drug-eluting mesh is projected to boost the demand for hernia repair devices and consumables.

Post-operative pain is growing concern post-repair with synthetic mesh. Though the cause of pain varies from patient to patient, a primary reason for pain is inflammation associated with the synthetic mesh. Other chronic illnesses related to the use of implanted mesh are abdominal pain, infection (sepsis), bowel obstruction and adhesion. In spite of increasing technological sophistication in mesh technology, synthetic materials remain the most widely used mesh products for hernia repair especially the polypropylene mesh due to their low cost and easy availability.

The biological mesh is gaining momentum in developed countries especially in the U.S. Biologic mesh development has overcome the problem associated the synthetic mesh including foreign body interaction, chronic inflammation, infection, and stiffness. Presence of favorable reimbursement policies coupled with the well-regulated healthcare insurance and increasing prevalence of an inguinal and ventral hernia in developed economies have rendered increased acceptance of this product.

The above mentioned factors collectively boost demand for overall hernia repair consumables and surgical devices market over the forecast period. Owing to shortcomings of synthetic mesh, manufacturers are working on developing cost-effective and technological advanced mesh. For instance, Ariste Medical is developing drug-eluting mesh. These repair products are anticipated to improve the patient outcomes specifically in vascular procedures including hernia and peripheral bypass hemodialysis processes.

Also, manufacturers are focusing on developing composite or hybrid mesh. The hybrid mesh is a result of the combination of best features of biologic and synthetic mesh. Mesh that combines a minute quantity of synthetic material such as polypropylene and biologic building blocks derived from animal tissue has the property to diminish the hazards of inflammatory reactions along with providing long-term durability. Medtronic and COOK Medical are investing in the development of cost-effective composite mesh. This product may overcome the disadvantages associated with the synthetic mesh such as inflammation, sepsis and abdominal adhesion. These factors render cost advantage over the biologic mesh, which in turn is expected to boost the hernia repair market.

Hexa Research has segmented the global hernia repair market based on product, procedure, and region:

Segmentation by product, 2014 – 2024 (USD Million)
• Consumables
• Synthetic Mesh
• Biologic Mesh
• Surgical Devices

Segmentation by procedure, 2014 – 2024 (USD Million)
• Tension Free
• Open Hernia Repair
• Laparoscopic

Segmentation by region, 2014 – 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Central & South America
• Brazil
• Middle East & Africa
• UAE

Key players analyzed:
• Ethicon, Inc.
• Medtronic
• C. R. Bard
• Atrium

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Global Digital Signage Market Analysis Till 2020

Digital Signage Market

Digital Signage MarketTraditional advertisement has taken a back seat to make way for novel technologies like interactive ads on mobile phones, websites, and digital billboards. Digital signage systems encompass digital devices that can display information or content.

The Digital Signage Market is predicted to reach revenues worth USD 20.1 billion by 2020, as per a report by Hexa Research. It was worth around USD 13.3 billion in 2013. The market will display 6.1% CAGR from 2014 to 2020. Factors like improved user experience, decreasing prices of display panels, and cost-effective promotion should positively impact the market.

The digital signage market is divided on the basis of technologies, applications, and geographies. Technologies like LCD, LED, and front projection are expected to propel the market. LCD had lion’s share in 2013, and accounted for more than 50% of the global revenues that year. LED will be adopted in the near future for saving energy.

The market finds applications in banking, healthcare, education, retail, and transportation. Companies utilize point-of-sales (POS), point of transit (POT), point of purchase, and infotainment to entice consumers. Retail had more than 40% share in 2013 and would dominate the digital signage market over the next six years.

The sector of healthcare has utilized digital signage to provide registration information on cell phones, tips on better health, and guidance to visitors. Geographies wise, North America captured more than 35% of the total demand in 2013. It will face increased demand from various sectors owing to advanced infrastructure and technology.

Asia Pacific has the highest potential on account of decreasing prices of LCDs and favorable regional conditions. The worldwide digital signage market includes major players in Nippon Telegraph and Telephone (NTT) Corporation, Microsoft Corporation, Cisco Systems Inc., and LG Electronics. It is expanding swiftly due to product developments and technological advancements by its players.

 

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.