Talent Management Software Market Is Estimated To Generate USD 24.03 Billion By 2025: Grand View Research, Inc.

The global Talent Management Software Market is expected to reach USD 24.03 billion by 2025 according to a new report by Grand View Research, Inc. The talent management software industry is anticipated to undergo a series of changes owing to various factors such as decreasing employment rate, changing work environment, the rise of freelancing and contract work, and a globalized workforce.

The most pertinent of the factors is the advent of new software and technologies, such as big data analytics, social media, and the Internet. Mobile platforms are also revolutionizing some important talent management stages, such as recruitment and learning & training, thus driving competition in the market.

Industry leaders have been providing the products in the market for quite some time now but trends such as transparency, customization, and employee engagement are expected to be at the forefront of the new and upcoming offerings to customers. The increasing use of analytics to map the performances and predict the future outcomes has also had a positive effect on the adaptation to the technology in demand.

Solution integration and the availability of middleware from vendors are also an important step forward for the industry standardization. As the industry strides toward larger adoption and rapid developments in terms of capabilities, many new trends such as Massively Open Online Courses (MOOCs) and social media adherence, for either pre-hire assessment or employee feedback management, are gaining traction in the market.


 Further key findings from the report suggest:
  • The human resource departments are responsible for decisions concerning talent management systems and are witnessing a shift toward integrated solutions
  • Organizations, they are in search of platforms to integrate the disconnected systems
  • As the industry is moving toward digital management and cloud-based applications, there is a looming threat of data breaches and hacking incidents
  • Key industry participants include IBM Corp., Oracle Corp., SAP SE, Peoplefluent Inc., CornerStone OnDemand Inc., Haufe Group, Lumesse AS, DelTek Inc., Saba Software Inc., and Halogen Software Inc., among others
  • The industry may also witness a rise in the number of small companies and start-ups that address the niche markets and provide customized solutions while being susceptible to acquisitions and mergers of smaller firms as well as the entry of technology giants to capitalize on the market opportunities
Grand View Research has segmented the talent management software market on the basis of solution, deployment, application, and region:

Talent management software solution outlook (Revenue, USD Million; 2014 - 2025)
  • Recruiting Management
  • Compensation Management
  • Employee Lifecycle Management
  • Learning and Training Management
  • Performance Management
Talent management software deployment outlook (Revenue, USD Million; 2014 - 2025)
  • On-Premise
  • Cloud
Talent management software application outlook (Revenue, USD Million; 2014 - 2025)
  • BFSI
  • Retail
  • IT & Telecom
  • Healthcare
  • Government
  • Education
  • Others
Talent management software regional outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa (MEA)
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.
For More Information: www.grandviewresearch.com
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Surgical Equipment Market Revenue Is Going To surpass USD 20.3 Billion By 2025: Grand View Research

The global Surgical Equipment/Instruments Market is anticipated to reach a value of USD 20.3 billion by 2025, according to a new report by Grand View Research, Inc. The rapidly escalating number of minimally invasive surgical procedures throughout the world is expected to support market growth.

Chronic diseases are one of the major leading causes of surgeries at a global level. Increasing prevalence of chronic diseases, such as neurological and cardiovascular disorders, is affecting the society to a great extent. As a result of which, the number of surgeries is increasing. This is mainly due to the fact that surgery is the primary treatment for people suffering from such disorders. In addition, minimally invasive surgeries are also trending as treatment for heart diseases.
Road and other accidents are also expected to drive the surgical instruments market over the forecast period. This is due to the fact that accidents might lead to severe injuries. As a result of which, wound closure surgeries are anticipated to rise, thereby, supporting the demand for surgical equipment.

Further key findings from the study suggest:
  • Surgical sutures and staplers dominated the surgical equipment market in 2015 due to its high cost and greater usage in wound closure treatments
  • Electrosurgical equipment are expected to show lucrative CAGR over the forecast period owing to increasing adoption of minimally invasive surgeries
  • Obstetrics and gynecology held the largest market share in 2015, owing to growing number of caesarean surgeries worldwide
  • Plastic Surgery Statistics Report data showcased 1.7 million cosmetic surgical procedures in 2015 and a 2% rise from the 2014 data. This infers a significant rise in plastic and reconstructive surgeries in the coming years
  • North America contributed toward the largest revenue in 2015 owing to well-established infrastructure and technologically advanced instruments for surgeries
  • Asia Pacific is projected to witness an attractive CAGR over the forecast period, primarily due to increasing prevalence of chronic cardiovascular diseases
  • Few key players for the market include B. Braun Melsungen Ag; Smith & Nephew plc; Zimmer Biomet Holdings, Inc.; Stryker Corporation; Alcon Laboratories, Inc.; Aspen Surgical Products, Inc.; Medtronic, Inc.; Ethicon, Inc.; and Becton, Dickinson and Company
Grand View Research has segmented the surgical equipment market on the basis of product, application and region:

Surgical Equipment Product Outlook (Revenue, USD Million; 2014 - 2025)
  • Surgical Sutures and Staplers
  • Handheld Surgical Devices
    • Forceps and Spatulas
    • Retractors
    • Dilators
    • Graspers
    • Auxiliary Equipment
    • Cutter Equipment
    • Others
  • Electrosurgical Devices
Surgical Equipment Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Neurosurgery
  • Plastic and Reconstructive Surgery
  • Wound Closure
  • Obstetrics and Gynecology
  • Cardiovascular
  • Orthopedic
  • Others
Surgical Equipment Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
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.
For More Information: www.grandviewresearch.com
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Medical Electronics Market Would Be Around Of $219 Billion By 2024: Grand View Research, Inc.

The global Medical Electronics Market is expected to reach USD 219.0 billion by 2024, according to a new report by Grand View Research. Technological advancements have boosted the applications of electronics in the fields of diagnostics, therapeutics, and wellness. Increasing geriatric population coupled with sedentary lifestyle contributes to chronic cardiovascular, gastrointestinal, and respiratory disorders.

Diagnostic applications of medical electronics are fueled due to growing awareness about healthcare amongst people. Population in developed countries opts for early diagnosis for effective treatment and cure. Increasing adoption of newer technology in diagnostics is expected to upsurge the market in future. 

Aging population creates need for critical care of long duration, thus increasing the demand for life-supporting devices, such as ventilators and dialysis devices. Growing number of accidents and permanent injuries also contribute to this upsurge. Improving healthcare facilities eases the procedures of reimbursements and related medical procedures even in developing countries.

Industry players are focused on the commercialization of new technologies and integrated systems. In August 2016, Siemens launched a new product, Sysmex CS-2500. It is a coagulation analyzer and has applications in diagnostics.  


 Further Key Findings from the Study Suggest:
  • Rising prevalence of chronic diseases, such as neurodegenerative and cardiac diseases, creates a need for continuous patient monitoring. Constant development of technologies such as real-time audio/video feed, wireless communications, and remote patient monitoring proves to be a boon for chronic patients, especially those who prefer to receive treatment at home. All these factors are expected to act as a catalyst for the market growth over the forecast period.
  • The largest application of medical electronics is in the field of diagnostics, especially imaging. Increasing importance of early disease diagnosis is promoting the growth of this segment. Magnetic resonance imaging is the most common method used, owing to the growing neurological and musculoskeletal disorders and the development of superconducting magnets.
  • Ultrasound is projected to be the fastest-growing segment of medical imaging, owing to its applications in point-of-care and musculoskeletal diseases. Growing birth rate also contributes to the usage of ultrasound. Rising awareness coupled with government recommendations about periodic screening for cancer also contributes to this growth.
  • Considering home healthcare medical electronics, device such as glucometer is used by diabetic patients owing to the ease of use of the device, and cost-effectiveness.
  • The emphasis on preventive measure and early diagnosis rather than on treatment is driving the industry players to invest in remote, wireless, and minimally invasive equipment. This is predicted to set the trend of telehealth, self-monitoring, and home healthcare. In February 2016, Medtronic launched its first remote monitoring pacemaker in Canada. The data collected and interpreted is transmitted securely to the physician to make efficient treatment decisions.
  • North America dominated the market owing to the presence of well-structured healthcare and reimbursement systems. High prevalence of chronic lifestyle diseases, growing awareness about the importance of early diagnosis, and acceptance of new technology contributed to the market growth in this region.
  • Asia pacific is expected to emerge as the fastest growing region during the forecast period. The huge patient pool in Asia Pacific proves to be an attractive opportunity for companies to market their products in this region. Improving healthcare systems, high incidence rate of diseases and accidents, and stabilizing economies aid the market growth.
  • Some key participants include EDDA technology, Inc., Philips healthcare, FUJIFILM Medical Systems, Hitachi High Technologies Corporation, Toshiba Medical Systems Corporation, McKesson Corporation, Vucomp, Hologic Inc., Siemens Healthcare and iCAD, Inc.
  • The current trend of investing in development of new technologies is expected to benefit patients as well as practitioners. For instance, in March 2016, Maxim Integrated launched its new heart rate monitor integrated with pulse oximeter. This device helps in continuous monitoring and efficient treatment of cardiovascular patients.

Grand View Research has segmented the medical electronics market by application: 

Medical Electronics Market Application Outlook (Market revenue in USD Million, 2013 - 2024)
  • Imaging
    • MRI Equipment
    • Computed Tomography (CT)
    • Nuclear imaging equipment
    • X-ray Devices
    • Ultrasound Systems
  • Therapeutics
    • Cardiac Rhythm Management (CRM)
    • Dialysis
    • Continuous Positive Airway Pressure (CPAP)
    • Neuromodulation
    • Others
  • Patient monitoring
  • Home Healthcare/Handheld products
Medical Electronics Market Regional Outlook (Market Revenue in USD Million, 2013 - 2024)
  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
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.
For More Information: www.grandviewresearch.com
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Concentrated Solar Power Market Is Poised To Reach Around $8.92 Billion By 2025: Grand View Research, Inc.

The global Concentrated Solar Power Market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth.


Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth.

Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the concentrated solar power market growth. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth.

Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.

Concentrated Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply deficit, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.

In terms of technology, the parabolic trough technology held over 75% of the global concentrated solar power market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the concentrated solar power market over the forecast period. Power tower technology was valued over USD 955.5 million by 2025. Enhanced heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth.


 Further key findings from the report suggest
  • The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth.
  • In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco concentrated solar power market is expected to exceed USD 852.2 million over the forecast period.
  • Spain concentrated solar power market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.
Read Our Blog: www.grandviewresearch.com/blogs/energy-and-power

Grand View Research has segmented the global CSP market on the basis of product and region:

Technology Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
  • Parabolic Trough
  • Linear Fresnel
  • Dish
  • Power Tower
Application Type Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
  • Utilities
  • Enhanced Oil Recovery
  • Desalination
  • Others
Regional Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
  • Europe
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Morocco
    • Algeria
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

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.

For More Information: https://www.grandviewresearch.com
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Biodefense Market Size Is Set To Reach USD 18.0 Billion By 2025: Grand View Research, Inc.

The global Biodefense Market was valued at USD 9.68 billion in 2015 and is expected to reach a value of USD 18.0 billion by 2025, according to a new report by Grand View Research, Inc. The market is majorly governed by the initiatives undertaken in the U.S. This country is the largest revenue contributor and is anticipated to maintain its leading position throughout the forecast period. Moreover, the funding received by manufacturers through government-led biodefense projects, such as the BioShield initiative, is expected to significantly contribute to vaccine development during the forecast period.


The growing initiatives undertaken by the private players, such as PharmAthene, Inc.; Emergent BioSolutions, Inc.; and Ichor Medical Systems, are anticipated to support market expansion. The technological advancements in the detection systems, such as environmental detection (to treat biological target in the environment) and CHIP-based detection, is further supporting the emergence of this vertical.

The case of Ebola outbreak in 2014, especially in the U.S., west African countries, and the west European countries is prompting regional government investments, which is expected to boost the R&D efforts in developing countermeasures against Ebola. The west European countries include Spain, Norway, Switzerland, the Netherlands, Italy, Norway, Germany, France, and the UK.
Some of the factors that are anticipated to propel sector growth during the forecast period are stated below: -
  • Based on the analysis of the World Food Program, approximately 750,000 people were anticipated to lose access to affordable food by the end of March 2015 due to the Ebola outbreak
  • In the 2013 sarin gas and chemical attack, over 1,400 people died and approximately 9,400 people were affected in Syria. During the period, December 2012 to 2015, there were several victims identified to be harmed by Sarin gas, mustard, chlorine, and other unconfirmed poisonous gases.

 Further Key Findings from the Study Suggest:
  • In 2015, anthrax was the largest application with a share of around 31.3%. The increasing government funding for the construction of technologically advanced centers and the advent of various technologies, such as gene chips, database management systems, and nanotechnology, is expected to spur demand.
  • Others segment, which includes agents that cause glanders, tularemia, Ebola, and many more, are anticipated to grow at a significant rate. The growing prevalence of viral hemorrhagic fevers causing varied illnesses and the development of interventional products against these conditions are expected to propel the demand.
  • In 2015, North America held the majority revenue share of over 89.9%. The government initiatives promoting the biodefense sector with funding is a major factor impelling growth in this space.
  • Asia Pacific is anticipated to be the fastest growing region. The presence of unmet demand for anti-cancer treatments, rapidly expanding pharmaceutical industry, and growing investment in countries, such as China, Japan, and India, for biodefense are expected to support the emergence of this market in the coming years.
  • Some of the key players are Xoma Corporation, PharmAthene, Emergent Biosolutions, Dynavax Technologies Inc., SIGA Technologies, Elusys Therapeutics, Ichor Medical Systems Inc., DynPort Vaccine Company LLC, Cleveland BioLabs, Inc., Bavarian Nordic, Achaogen, Nanotherapeutics, Inc., and Alnylam Pharmaceuticals.

Grand View Research has segmented the biodefense market by application and region: 

Global Product outlook (Revenue in USD Million, 2014 - 2025)
  • Anthrax
  • Smallpox
  • Botulism
  • Radiation/Nuclear Defense
  • Others
Regional outlook (Revenue in USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

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. 

For More Information: www.grandviewresearch.com
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Disposable Syringes Market Size Is Set To Reach USD 9.9 Billion By 2024: Grand View Research, Inc.

The global Disposable Syringes Market is expected to reach a value of USD 9.9 billion by 2024, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising initiatives by government and various NGOs to raise awareness about safe drug delivery to patients in order to avoid transmission of infections and avoid needle stick injuries to healthcare workers, especially in low-income countries.


Organizations such as WHO and UNAIDS are constantly working for this cause. Some of their programs include needle and syringe program and targeted information for drug abusers. The results of these initiatives are evident. For instance, in China, the incidence of HIV/AIDS amongst people who are drug abusers dropped from 2.5 to 0.6 cases per 100 person-years.

Major disposable syringe manufacturers are introducing new products, which is also further augmenting the market growth. In January 2016, Novo Nordisk launched Tresiba, a long-acting insulin degludec injection to treat diabetes. It was initially launched in U.S. and will further target the rest of the market.

Some of the key industry players are Braun Medical, Inc.; Fresenius Kabi AG; Baxter International, Inc.; Terumo Corporation; Novo Nordisk; Covidien; Retractable Technologies, Inc.; and Becton, Dickinson, and Company.

Further Key Findings from the Study Suggest:
  • Safety syringes dominated the product segment in 2015 as they provide long-term cost advantage in comparison to the traditional syringes and thus are preferred by healthcare professionals.
  • Therapeutic injections dominated the application segment in 2015 due to the extensive use of injectable drugs in treatment of high prevalence diseases such as HIV, Hepatitis B & C, and diabetes coupled with increasing rate of volunteer blood donations are few reasons for high demand of infusion devices across the globe.
  • Africa does not have established production systems, thus is considered a high potential market.
  • In 2015, North America dominated due to approval of injectable drugs. For instance, in July 2015, the U.S. FDA approved Praluent (alirocumab) which is the first injectable from PCSK9) inhibitors class.
  • The industry has witnessed few major acquisitions. In 2015, Covidien was acquired by Medtronic, Inc in USD 42.9 billion. Moreover, new product development is also on a rise in the industry.

Grand View Research has segmented the disposable syringes market by type, application and region:
Global Type Outlook (Market revenue in USD Million, 2013 - 2024)
  • Conventional syringesa
  • Safety syringes
    • Retractable safety syringes
    • Non-retractable safety syringes
Global Application Outlook (Market revenue in USD Million, 2013 - 2024)
  • Immunization injections
  • Therapeutic injections
Regional Outlook (Market Revenue in USD Million, 2013 - 2024)
  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
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.

For More Information: https://www.grandviewresearch.com
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Liquid Biopsy Market Revenue Would Be $5.96 Billion By 2030: Grand View Research, Inc.

The Global Liquid Biopsies Market is anticipated to reach 5,958.3 million by 2030, according to a new report by Grand View Research, Inc. As these less invasive biopsies are able to address a number of significant challenges associated with conventional biopsies such as, high level of invasiveness, incompleteness of cancer information that is acquired, associated post-biopsy serious medical complications, and subsequent cost inclusions. A growing need for more advanced, efficient and accurate method which provides a holistic view of the tumor and metastasis is the prime factor fueling rapid development of liquid biopsies.


The market has gained considerable traction in the past couple of years. A number of clinical research projects related to circulating tumor cells, and cell-free tumor DNA have been initiated in the latter half of the past decade. As a result, there are a number of ongoing clinical trials that are due to be completed between post 2017-18. It is expected that upon successful completion, commercialization of these assays and tests will provide the market a significant boost in potential addressable target revenue and fuel growth through to 2030.


 Further key findings from the report suggest:
  • In terms of applications, therapy selection of metastatic cancers is the key area of liquid biopsy usage as these provide significant insights into the unique genetic information encoded in CTCs and ctDNAs. Furthermore, with the addition of more research data reinforcing the usage of liquid biopsies over the coming years, it is expected that their application for molecular monitoring of diseases will also be a lucrative source of revenue through to 2030
  • Key biomarkers that any liquid biopsy targets include circulating tumor cells, circulating tumor DNA and exosomes that are macrovesicles containing tumor RNA, or tumor protein freely circulating in the patient’s bloodstream. Assays for ctDNA are expected to account for the largest share of revenue through to 2030 owing to the currently present assays and expected number of products that are to be commercialized over the coming decade.
  • Development of parallel multi-gene analysis using next generation sequencing technology is the underlying factor that has enabled oncologists to more efficiently sequence ctDNA and gain insights related to cancer metastasis and the related mechanism. This understanding provides a patient-centric systemic view of cancer and aids in its long term monitoring.
  • North America, specifically the U.S. accounts for the largest share of revenue for the development of liquid biopsy market. The region was observed to account for around 50% of the global potential in 2015 owing to the high number clinical development projects underway for the commercialization of CTC and ctDNA assays till 2020. Furthermore, throughout the forecast period, U.S. is expected to dominate revenue generation owing to the dynamic nature & being the region of prime activity, research and development with respect to liquid biopsy and next generation sequencing technology.
  • Although, post successful commercialization through to 2030, Asia Pacific is expected to be a lucrative region for development as it is expected to be characterized by the presence of a large patient population base, developing healthcare framework and growth in integration of more advanced healthcare practices.
  • The market is in its developing phase and is characterized by the presence of a number of relatively smaller entities involved in innovation and new product development. Companies such as Biocept, Adaptive Biotechnologies, NeoGenomics Laboratories, Guardant Health, Qiagen, Personal Genome Diagnostics, Cynvenio, RainDance Technologies, and Trovagene are operating in the space and have a number of commercialized assays in their portfolios for liquid biopsy. 
  • Furthermore, as this space has a high lucrative potential, and is considerably influenced by the developments in NGS technology, there are a number of major players that have ongoing investigational & observational clinical trials and are due to be completed by 2017 to 2019. Collectively, over 30 clinical trials are currently registered as active by companies including Illumina, Foundation Medicine, Natera Inc., Roche, Sequenom, LabCorp, Epic Sciences, and Pathway Genomics in the U.S. alone. Anticipated successful commercialization of these products is expected to fuel growth over the forecast period.

Grand View Research has segmented the liquid biopsy market on the basis of application, sample type, biomarker, technology, and region:

Global Liquid Biopsy Outlook, by Application (Revenue, USD Million, 2013 -
2030)
  • Therapy Selection for Metastatic Breast Cancer (MBS)
  • Therapy Selection for Other Metastatic Cancer
  • Molecular Health Monitoring
Global Liquid Biopsy, by Sample Type (Revenue, USD Million, 2013 - 2030)
  • Blood Sample based
  • Urine Sample based
  • Other Bio Fluids (Tissue fluids and Saliva) based
Global Liquid Biopsy Outlook, by Biomarker, (Revenue, USD Million, 2013 - 2030)
  • Circulating Tumor Cells (CTC)
  • Circulating Tumor DNA (ctDNA)
  • Exosomes
Global Liquid Biopsy Outlook, by Biomarker, (Revenue, USD Million, 2013 - 2030)
  • Multi - gene - parallel Analysis (NGS)
  • Single Gene Analysis (PCR Microarrays)
Global Liquid Biopsy Market, Regional Outlook (Revenue, USD Million, 2013 - 2030)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
  • MEA
    • South Africa
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.
For More Information: https://www.grandviewresearch.com
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Machine Vision Market Size Is Set To Reach Around $19.22 Billion By 2025 | CAGR: 8.5%: Grand View Research, Inc.

The global Machine Vision Market is expected to reach USD 19.22 billion by 2025, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to a greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control, owing to the increasing need for quality inspection and production. In addition, the growing automation in industrial segments is also facilitating the growth of the market worldwide at a considerable rate.

The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors, such as the growing inception of the technology and increasing need for quality products, are influencing the market growth. Furthermore, machine vision systems are gaining traction in the medical and healthcare applications at a considerable pace. The analysis of medical images and robotic applications for carrying various medical activities are the key roles of the technology in these sectors.
The Asia Pacific region contributed to the largest market share in 2015, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.

In addition, factors such as increasing focus on developments and expenditures in vision-related research activities along with the growing manufacturing base in the region are expected to spur the technology market growth in Asia Pacific, in turn boosting the overall market at a notable pace. The market is anticipated to exhibit the fastest growth of 10.4% over the forecast period.

The industry is facing challenges due to lack of awareness among users about the rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are the major difficulties being faced by manufacturers, which is also restraining the smoother growth of the industry.


Further key findings from the report suggest:
  • The global machine vision technology market was valued at USD 9.10 billion in 2016 and is projected to grow at a CAGR of 8.5% from 2017 to 2025.
  • The PC-based system segment accounted for the largest market size in 2016 and is estimated to generate USD 10.48 billion by 2025.
  • The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by positioning and guidance applications.
  • The European machine vision market is estimated to attain USD 4.47 billion by 2025.
  • The industry is expected to witness a substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan. The regional market is expected to grow at a CAGR of 10.4% from 2017 to 2025.
  • The prominent companies in the industry include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Cognex Corporation (U.S.), Keyence Corporation (Japan), National Instruments (U.S.), Omron Corporation (Japan), Machine Vision Technology (UK), and Microscan Systems (U.S.).
Grand View Research has segmented the global machine vision market based on offering, products, applications, and regions:
Machine Vision Offering Outlook (Revenue, USD Million; 2014 - 2025)
  • Hardware
  • Software
Machine Vision Product Outlook (Revenue, USD Million; 2014 - 2025)
  • PC Based
  • Smart Camera Based
Machine Vision Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Quality Assurance and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification
Machine Vision Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa 
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.
For More Information: www.grandviewresearch.com
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Patient Positioning Systems Market Size Is Set To Reach Around $1.4 Billion By 2025: Grand View Research, Inc.

The global Patient Positioning Systems Market is anticipated to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 4.7% CAGR during the forecast period. This market is expected to witness lucrative growth during through 2025 owing to rising awareness about and surging expenditure on diagnostic procedures. In addition, increasing prevalence of cancer and rising geriatric population are expected to assist in market growth.



According to the National Cancer Institute, in 2016, there were 1,685,210 new cases of cancer diagnosed in U.S. and 14.1 million cases globally. The most common types of cancer are breast cancer, prostate cancer, and colon and rectum cancer. This steady increase in disease prevalence acts as a driver for R&D investments in the industry. Increase in innovation has resulted in improved efficiency and accuracy of these systems in cancer therapy. These products keep patients immobile yet comfortable during radiotherapy. This is anticipated to supplement industry growth.

Rising expenditure on diagnostics procedures has been a strong force driving demand in the market. According to a research published by NCBI, majority oncologists and cardiologists in U.S. and Germany prescribe diagnostics tests and choose a treatment plan only after studying test results. Thus, demand for diagnostics tests is increasing globally. 


 Further key findings from the study suggest:
  • By product, the tables segment held a lucrative market share in 2016, owing to increasing prevalence of cancer and rising number of surgeries performed
  • In terms of application, the surgery segment is expected to account for the dominant market share on account of rising incidence of cancer, globally
  • By end use, the ambulatory segment is expected to register the highest growth over the forecast period owning to increase in precision of minimally invasive technologies
  • North America is projected to dominate the patient positioning systems market over the forecast period due to presence of a large number of diagnostic centers
  • Some of the key players in the patient positioning systems market are Medtronic; Hill-Rom Holdings, Inc.; Stryker Corporation; Medline Industries; Skytron, LLC; OPT SurgiSystems Srl; SchureMed; Smith & Nephew; STERIS plc; and Leoni.
Grand View Research has segmented the global patient positioning systems market on the basis of products, application, end use, and region:

Patient Positioning Systems Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Tables
  • Accessories
Patient Positioning Systems Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Surgery
  • Diagnostics
  • Other
Patient Positioning Systems End-use Outlook (Revenue, USD Million, 2014 - 2025)
  • Hospital
  • Ambulatory Centers
  • Other
Patient Positioning Systems Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK.
    • France
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa
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.
For More Information: www.grandviewresearch.com
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Wearable Technology Market Is Poised To Reah $196.5 Billion By 2022: Grand View Research, Inc.

The global wearable technology market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period.



Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price, quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market.

Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility. Advancement in semiconductor electronics is expected to favor more efficient and effective products, thereby fuel revenue growth over the next seven years.

Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear, which can allow enhanced data collection of customers’ feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand.


Further key findings from the study suggest:
  • The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike, Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.
  • Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial, and defense. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favor the infotainment segment over the next seven years. Government initiative to enhance their defense capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.
  • North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.
  • Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women.
Read Our Blog: www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the wearable technology market on the basis of product, application and region:
Wearable Technology Product Outlook (USD Billion, 2012 - 2022)
  • Wrist-wear
  • Eye-wear
  • Foot-wear
  • Neck-wear
  • Body-wear
  • Others
Wearable Technology Application Outlook (USD Billion, 2012 - 2022)
  • Fitness and sports
  • Healthcare
  • Infotainment
  • Defense
  • Enterprise and industrial
Wearable Technology Regional Outlook (USD Billion, 2012 - 2022)
  • North America
  • Europe
  • Asia Pacific
  • RoW
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.
For More Information: www.grandviewresearch.com
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Cloud Radio Access Network Market Size Is Set To Go Above Of $31.71 Billion By 2025

The global Cloud Radio Access Network Market is expected to reach USD 31.71 billion by 2025, according to a new report by Grand View Research, Inc. The networks ecosystem is on the verge of a transformation owing to growing demand data requirements for the Internet of Things (IoT) and the advent of 5G technologies which will lead to the requirement of new services and applications is anticipated to drive the growth of C-RAN architecture market over the forecast period. The market for the virtual/ cloud RAN architecture is expected to gain traction over the forecast period.



The Infrastructure segment holds the largest share of Cloud-RAN industry in 2016 and is expected to reach over USD 17.05 billion by 2025. The market for the LTE & 5G segment is expected to grow at the highest CAGR over the forecast period from 2017 to 2025. The evolution of 5G is projected to place challenges on present network infrastructure in the form of technologies and operation model.

The currently available mobile networks infrastructure is designed to meet the requirements for voice and traditional mobile broad band services. These infrastructures are not flexible enough to support 5G services owing to the multiple number standard upgrades and complex interfaces. Centralized-RAN is emerging as the critical network architecture for 5G, it has innovative elastic and scalable network architectures which can provide the required capabilities to the incorporation of 5G network.


Further key findings from the report suggest:
  • The global C-RAN market accounted for USD 4.72 billion in 2016 and is expected to grow at a CAGR of 23.9% from 2017 to 2025
  • Outdoor deployment segment emerged as the largest segment in 2016 and is estimated to generate revenue over USD 26.08 billion by 2025
  • The market for design and development service is anticipated to witness the highest growth of a CAGR of 23.1% over the forecast period
  • The Asia-Pacific market hold the largest share in the C-RAN market in 2016. The growing deployment of C-RAN by the mobile operators in China, Japan and South Korea to better meet heavy mobile data demand by improving existing 4G network coverage and to support the future 5G roll out in the region
  • Key players include Ericsson AB, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., Fujitsu Ltd and ZTE Corporation are accounting for the majority share of the overall market in 2016
Read Our Blog: www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the C-RAN market on the basis architecture, component, network deployment and region:
Architecture Outlook (Revenue, USD Million, 2014 - 2025)
  • Centralized
  • Virtualized /Cloud RAN
Component Outlook (Revenue, USD Million, 2014 - 2025)
  • Infrastructure
    • Remote Radio Units
    • Baseband Units
    • Fronthaul
  • Solution
  • Services
    • Consulting
    • Design and deployment
    • Maintenance and support
    • Others
Network Outlook (Revenue, USD Million, 2014 - 2025)
  • 3G
  • LTE & 5G
Deployment Outlook (Revenue, USD Million, 2014 - 2025)
  • Indoor
  • Outdoor
Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa 
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.
For More Information: www.grandviewresearch.com
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Data center UPS Market Is Anticipated To Grow At 7.3% CAGR from 2014 to 2020: Grand View Research, Inc.

The Global Data Center UPS Market is projected to exceed over USD 5.67 billion by 2020. This growth can be attributed to falling tolerance limits and interruptions in data transmissions. Besides, need to prevent loss of confidential data has subsequently augmented UPS installations in data centers? The market is expected to experience growth at CAGR of 7.3% on account of rising demand for CRM systems, ERP systems, file servers, data warehouses and cloud storage.


Product development through innovations exhibiting energy efficient and eco-friendly technologies have resulted in compensating for increasing power costs which are expected to propel growth over the forecast period. Portable UPS systems have gained widespread acceptance, particularly in small and medium businesses (SMBs), which is projected to drive the market. Increasing prominence of smart UPS systems owing to its capability of self-diagnosis and communication that considerably reduces troubleshooting time is anticipated to have a positive impact on the market. On a contrary, lack of product diversity among primary companies has hindered the product industry. Slowdown in semiconductor industry has subsequently affected the industry resulting in lack of inventory supply 

Access Full Research Report on Data Center UPS Market: www.grandviewresearch.com/industry-analysis/data-center-ups-market

Small data center UPS systems constituted over 50.0% of the total revenue in 2013, and its growth can be attributed to increasing demand from SMBs, who prefer structuring their databases. Large data center UPS systems are anticipated to witness sizeable growth owing to organizations which aim at upgrading their data management systems and equipment over the forecast period.
North America dominated the market in 2013 which was majorly contributed by healthcare, insurance and financial services. France, UK, and Germany are expected to contribute considerably to the European revenue. UPS installations and connections are projected to experience significant growth in the next seven years in Asia

The market comprises of several eminent brands having experienced engineers for maintenance and proven testing and engineering divisions. In an attempt to expand globally and enter new markets, prominent players emphasize on setting up sales and service teams to gain competitive advantage.

Availability of flexible options offered by manufacturers that are aimed at increasing capacity by modifying software is expected to provide a competitive base for all the players in the industry. Sellers are anticipated to reintroduce and renew partnerships with flywheel suppliers for providing customers with efficient standby power alternatives. Key industry participants include Schneider Electric, Belkin International, Eaton, Clary, Emerson, General Electric, Toshiba and Gamatronic Electronic Industries

Acquisitions, strategic alliances, and mergers are key strategies being adopted by the companies to expand into newer marketplaces and grow globally. Manufacturers have been continuously emphasizing on improving the efficiency of these systems. As an instance, Chinese telecom network provider, Huawei, launched a modular data center UPS, in October 2014, claiming 97.0% efficiency. Other companies include Schneider Electric SA, Clary Corp., General Electric, Gamatronic Electronic Industries, Belkin International Inc., and Toshiba Corp.

Grand View Research has segmented the global data center UPS market on the basis of product and region:

Data Center UPS Product Outlook (USD Million, 2012 - 2020)
  • Small Data Centers
  • Medium Data Centers
  • Large Data Centers
Data Center UPS Regional Outlook (USD Million, 2012 - 2020)
  • North America
  • Europe
  • Asia Pacific
  • ROW

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.
For More Information: www.grandviewresearch.com
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Medical Lifting Sling Market Is Predicted To Reach Around $1.1 Billion By 2024: Grand View Research, Inc.

The Medical Lifting Sling Market is expected to reach USD 1.1 billion by 2024, according to the new report by Grand View Research, Inc. Long term care is required in case of chronic disorders and surgical treatment. Medical lifting slings are essential elements in long term care and post operative recovery as they assist in patient transfer and other purposes. Increasing prevalence of chronic disorders and subsequent surgical interventions are boosting the usage of these products thus contributing toward substantial market growth.


Home healthcare has emerged as an important area where treatment cost is much lower compared to in traditional healthcare settings. In addition, long term care and post operative recovery can be efficiently achieved in these settings. Hence, in the developed as well as developing regions home healthcare services are growing swiftly resulting in the considerable growth of this vertical.


Further Key Findings From the Study Suggest:
  • Nylon-based medical lifting slings segment held a commanding share in 2015 and is anticipated to grow at a lucrative rate. This can be attributed to their durability and resistance to the infections.
  • Patient transfer is the primary application of these products, which held a dominating share in 2015. Universal slings, which have multiple utility, are also expected to gain a substantial share over the forecast period.
  • Reusable lifting slings were the most used products in 2015. However, with the rising incidence of infections and hygiene issues, disposable products are used to a greater extent and are expected to exhibit healthy growth over the forecast period.
  • Hospitals use these products to a large extent, as they purchase in bulk and they have a greater patient pool. This makes hospitals the largest end-user of medical lifting slings.
  • On the other hand, with the growing awareness and streamlined policies for home healthcare services, the usage of these services is surging. As a result, the growing home healthcare vertical is anticipated to increase the usage of medical lifting slings, thus affecting the market positively.
  • Europe dominated the global medical lifting slings vertical in 2015. Larger pool of geriatric patients, rising research funding in medical devices, and steadily increasing awareness amongst patients are the key growth governing factors for this region.
  • Asia Pacific is projected to witness remunerative growth in the coming eight years. Policy reforms, increasing disposable income, and economic developments are anticipated to foster the usage of advanced treatment options, and consequently engender a high demand for medical lifting slings.
  • Some of the key players in this vertical are Getinge Group (ArjoHuntleigh), Invacare Corporation, Hill-Rom, Joerns Healthcare LLC, Argo Medical, Inc., Prism Medical, DJO Global, V.Guldmann A/S, Spectra Care Group, and Drive Medical. Strategic initiatives undertaken by these market players include new product development, distribution enhancement, collaborations, mergers, and acquisitions.
Read Our Blog: www.grandviewresearch.com/blogs/healthcare

Grand View Research has segmented the medical lifting sling market on the basis of product, application, usage, end use, and region: 

Product Outlook (Revenue, USD Million, 2013 - 2024)
  • Nylon
  • Padded
  • Mesh
  • Canvas
  • Others
Application Outlook (Revenue, USD Million, 2013 - 2024)
  • Transfer
  • Universal
  • Hammock
  • Standing
  • Seating
  • Toilet
  • Bariatric
  • Others
Usage Outlook (Revenue, USD Million, 2013 - 2024)
  • Reusable
  • Disposable
End-use Outlook (Revenue, USD Million, 2013 - 2024)
  • Hospital
  • Home healthcare
  • Elderly Care
  • Other Healthcare Settings
Regional Outlook (Revenue, USD Million, 2013 - 2024)
  • North America
    • S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

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.

For More Information: https://www.grandviewresearch.com
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Global Thermoplastic Polyolefins Market Is Set To Grow Around $3.43 Billion By 2020: Grand View Research, Inc.

The global Thermoplastic Polyolefins (TPO) Market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing application scope in automotive and construction sectors of the emerging markets in Asia, especially China and India is expected to be a key growth factor for TPO. High capacity to demand ratio and raw material price fluctuations are expected to be key challenges for market participants.
Automotive industry is the largest TPO consumer, accounting for over 75% of total market in 2013. With further research conducted to explore its utility as feedstock and substitution, TPO market volume is expected to grow at a CAGR of 6.4% from 2014 to 2020. Robust growth is also expected for emerging applications such as packaging, construction and healthcare.
Further key findings from the study suggest:
  • The global market for TPO was 866.2 kilo tons in 2013 and is expected to reach 1334.7 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
  • Automotive was the most dominant application for TPO as the segment accounted for 75.48% of total market volume in 2013 and is estimated to grow at a CAGR of 6.6% till 2020. Other applications including packaging, construction and other niche segments accounted for a consolidated 24.52% of the market volume for the same year.
  • North America and Asia Pacific have been leading in the volume consumption of TPO with shares of 37% and 35% respectively and their CAGR from 2014-2020 being 6.2% and 7% respectively.
  • Key companies in the market include Arkema SA, Chemtura, Dow Chemical Company, ExxonMobil and SABIC.
Grand View Research has segmented the TPO market on the basis of type, application and region:
Global Thermoplastic Polyolefins Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
  • Automotive
  • Others (Construction, packaging, healthcare)
Thermoplastic Polyolefins Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
  • North America
  • Europe
  • Asia Pacific
  • ROW
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.

For More Information: https://www.grandviewresearch.com
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mHealth Apps Market Is Projected To Reach $236.0 Billion By 2026

The global  mHealth apps market  size is expected to reach USD 236.0 billion by 2026, according to a new report by Grand View Research, In...