Geographic Information System Market Size Would Be $11.2 billion by 2025: Grand View Research, Inc.

The global geographic information system (GIS) market is anticipated to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc. The rising adoption of GIS in infrastructure development, urban planning, and smart cities coupled with increasing location-based services are some of the key drivers of the GIS market.

GIS is a computerized system that connects data with geography. Several decisions are taken using GIS, right from tracking a store location to predicting climate change and analyzing a crime pattern. GIS helps users to link the data with geographic location to gain spatial insights from the extracted data.

The growing integration of GIS with conventional technologies has enhanced the business intelligence of companies. Moreover, the integration of GIS with IoT devices provides accurate data to users using the geospatial data analysis. For instance, an IoT-enabled valve can be monitored from anywhere around the globe using geospatial data.

The demand for location-based services, such as real-time status and control of a valve, have been on a rising curve around the globe. The market for GIS is expected to grow over the forecast period owing to technological advancements and growing applications. Moreover, the growing awareness among private companies regarding benefits such as improved productivity and optimization of processes offered by GIS has resulted in the technology’s increased demand.

Organizations in the private sector use the geographic information system for applications such as mining, oil & gas, transportation & logistics, and defense equipment, among others. The rising application of geographic information systems in construction is anticipated to, in turn, boost the market demand over the forecast period.

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www.grandviewresearch.com/industry-analysis/geographic-information-systems-market

Further key findings from the report suggest:

• The growing adoption of GIS in surveying and mapping by several regions is anticipated to drive the market growth.
• The construction segment is expected to register a high CAGR of 11.2% over the projected period.
• The Asia Pacific regional market is expected to witness significant growth over the forecast period, owing to the large-scale penetration of GIS.
• Key players in the market include Autodesk Inc.,The Economic and Social Research Institute (ESRI), Hexagon AB, and Pitney Bowes Inc.

Grand View Research has segmented the GIS market based on components, usage, applications, devices, and regions:

Components Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software
• Services

Usage Outlook (Revenue, USD Million; 2014 - 2025)

• Surveying
• Mapping
• Navigation

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Transport and Logistics
• Agriculture
• Construction
• Mining and Geology
• Oil & Gas
• Aerospace and Defense
• Utilities
• Government

Device Outlook (Revenue, USD Million; 2014 - 2025)

• Desktop
• Mobile

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 and Africa

Access Full Press Release Of This Report: www.grandviewresearch.com/press-release/global-geographic-information-systems-gis-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Gas Turbine Service Market Is Poised To Reach $41.6 Billion By 2025 | CAGR 8.5%: Grand View Research, Inc.

The global Gas Turbine Service Market size is expected to reach USD 41.6 billion by 2025, according to a new report by Grand View Research, Inc. The global market is anticipated to register a CAGR of 8.5% during the forecast period. Availability of natural gas in large quantities coupled with its relatively lower prices, especially in North America, China, and Thailand, has led to an increase in power generation using gas turbines. 

The standby inspection (consist servicing of the relays cleaning, battery system, checking oil & water level and device calibration), running inspection, and combustion inspection (includes inspection of fuel nozzles and combustion liners) are the major maintenance and repair activities which are performed at different time interval, depending upon various factors such as operating hours, geographical condition, fuel, etc.

Growing focus on generating electricity through cleaner sources and discouragement of utilizing coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix. This, in turn, is expected to provide a favorable environment for the development of this market. One such strategy includes the recent orders passed by the current U.S. government to reverse the energy policies of the previous government and stop the war on coal, which is expected to boost the use of natural gas for energy production over the forecast period.

According to Diesel & Gas Turbine Worldwide, the total number of industrial gas turbines ordered in 2014 were 569 units, which increased to 581 in 2016. Of these, the total number of natural gas-fired industrial turbines, ranging from 30 MW to 120 MW, were 62 units in 2014 and reached 147 in 2016. Growth in industrial turbine installations across the globe is creating more opportunities for aftermarket services, which is building a favorable environment for the growth of gas turbine maintenance market.

Throughout their lifespan, the turbines undergo various inspections at different intervals. Combustor inspection (at 8,000-12,000 EOH), hot gas path inspection (at 24,000-50,000 EOH), and major inspection/overhaul (at 48,000-70,000 EOH) are some of the critical inspections that are essential for the reliable operation of gas turbines. Increasing utilization of gas turbines in resource extraction, processing applications, manufacturing facilities, and packaging plants is widening the product application scope, which is also projected to boost the aftermarket services for gas turbines. Increasing demand for the aftermarket services for gas turbine is projected to provide a substantial growth potential to the gas turbine service market.

Technological development in data collection methods is enabling players in this industry to form a constitutive model for materials. Test rig control helps in gathering and analyzing large volumes of data, thereby allowing players to create the most suitable maintenance plan and models for gas turbines.

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

Further key findings from the report suggest:

• The global gas turbine service market was valued at USD 23.9 billion in 2017. The market is projected to witness a CAGR of 8.5% during the forecast period
• The industry is highly consolidated in nature and is centered around five major players, which hold over 60% of the market
• Early defect detection through the use of software and the preventive maintenance results in substantial cost saving, which has increased the importance of service providers in gas turbine market
• Ease of maintenance and operation, higher efficiency, relatively lesser weight, and compatibility at offshore locations are some significant factors projected to drive the demand for <100 MW turbines
• The key players include GE Power, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), Kawasaki Heavy Industries, Ltd., and MAN Diesel & Turbo SE.

Grand View Research has segmented the global gas turbine service market on the basis of turbine type, turbine capacity, service type, service provider, end use, and region:

Gas Turbine Service Turbine Type Outlook (Revenue, USD Million, 2014 - 2025)

• Heavy Duty
• Industrial
• Aeroderivatives

Gas Turbine Service Turbine Capacity Outlook (Revenue, USD Million, 2014 - 2025)

• <100 MW
• 100 to 200 MW
• >200 MW

Gas Turbine Service Type Outlook (Revenue, USD Million, 2014 - 2025)

• Maintenance & Repair
• Overhaul
• Spare Parts Supply

Gas Turbine Service Provider Outlook (Revenue, USD Million, 2014 - 2025)

• OEM
• Non-OEM

Gas Turbine Service End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Power Generation
• Oil & Gas
• Other Industrial

Gas Turbine Service Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Malaysia
  • Vietnam
  • Bangladesh
  • Pakistan
  • Singapore
  • Thailand
• The Commonwealth of Independent States (CIS)
  • Azerbaijan
  • Kazakhstan
  • Russia
  • Turkey
  • Turkmenistan
  • Ukraine
  • Uzbekistan
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE
  • Oman
  • Iraq
  • Qatar
  • Lebanon
  • Algeria
  • Tunisia
  • Kuwait
  • Ghana
  • South Africa

Access Full Press Release Of This Report: www.grandviewresearch.com/press-release/global-gas-turbine-services-market

 About Grand View Research

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

For More Information: www.grandviewresearch.com

Food Robotics Market Total Size In Terms Of Revenue Would Be $3.35 Billion By 2025 | CAGR: 13.1%

According to a report by Grand View Research, Inc., global food robotics market is estimated to reach at USD 3.35 billion by 2025 growing at a CAGR of 13.1% over the forecast period (from 2018 to 2025). Growing requirement for high operational efficiency in production process, as a result of increasing need for packaged and processed foods, is anticipated to propel the demand for food robotics. Automated machines offer maximum work efficiency at reduced labor cost. Continuous technological developments in robotics coupled with introduction of advanced and innovative automation technologies can further stimulate the demand for robotic systems. In addition, stringent government regulations for food safety are also anticipated to contribute toward the market growth.

The food robotics market is segregated on the basis of product type, payload, application, and region. Based on product type, the market is classified into parallel, articulated, SCARA, cylindrical, and other. In 2016, articulated segment dominated the market and accounted for the highest market share. The SCARA, parallel, and cylindrical segments are expected to have a substantial growth during the forecast period. Based on payload, the market can be divided into medium, low, and heavy. Low and medium payload capacity segments are anticipated to grow rapidly during the forecast period. Low, medium, and heavy payload systems can have payload capacities of 0–10 kg, 10 kg–100 kg, and 100+ kg, respectively.

Browse In-depth Insights: www.grandviewresearch.com/industry-analysis/food-robotics-market

Based on application, the market is segregated into repackaging, packaging, palletizing, picking, processing, other. Packaging segment is expected to grow at phenomenal CAGR during the forecast period mainly due to rising demand for packaged food. Growing adoption of automated machines in food processing is also estimated to drive the processing and repackaging segments over the forecast period. Based on geographies, the market is divided into Europe, North America, Asia Pacific, and Rest of the World (ROW). In 2016, Europe dominated the global market and accounted for the largest share attributed to strict food safety regulations and increasing labor costs. Regulatory measures taken by the European governments towards food safety are also likely to impel the demand for automated systems in the region.

In Asia Pacific, the market is anticipated to witness a remarkable growth during the forecast period. High demand for packaged and processed food owing to increasing disposable income has fueled the adoption of food automation technologies in the region. In North America, the market is expected to grow substantially over the next few years. Strong presence of prominent manufacturers is expected to be the key factor driving the market growth in this region.

Some of the leading companies offering food robotics are Yaskawa Electric Corporation; ABB Group; Kawasaki Heavy Industries Ltd.; Fanuc Corporation; and Mitsubishi Electric Industries. Most of the companies invest in R&D to introduce advanced robotic solutions to meet rising consumer demands. For instance, Japanese electronics giant Sony and Carnegie Mellon University (CMU) have collaborated for a research study on use of robotics and Artificial Intelligence (AI) to optimize food preparation, cooking, and delivery. Research work is expected to be carried out at the CMU’s School of Computer Science in Pittsburg. The team includes experts from various fields such as Machine Learning (ML), AI, and robotics. The team will be developing robots that can handle irregular and fragile materials to perform small or even complex commercial and household tasks.

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

About Grand View Research

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

For More Information: www.grandviewresearch.com

Single Cell Analysis Market Is Predicted To Outshine $5.9 Billion By 2025 | CAGR 17.3%

The global Single Cell Analysis Market size is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.3% during the forecast period. High demand for early detection techniques and rapid technological advancements are creating a significant demand for single cell analysis. This technique is used in genomic, transcriptomic, proteomics, and epigenetic studies.

Single cell analytics helps assess cellular heterogeneity and aids in analysis of pathways and processes at a molecular level. It can be performed with samples as small as a single cell. Its current applications in diagnostics include genetic analysis, prenatal screening, cancer genomics, and neurological therapeutics.

Rising prevalence of chronic diseases is anticipated to drive demand for molecular assay services, subsequently leading to the growth of this sector. Single cell analysis plays an important role in risk management related to organ transplants, cancer, heart failure, renal diseases, and infectious disease testing by performing fast, accurate, and effective tests.

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www.grandviewresearch.com/industry-analysis/single-cell-analysis-market

Further key findings from the study suggest:

• In 2016, consumables accounted for the largest market share owing to rapid adoption of beads and microplates, repeat purchase of reagents, and demand for assay kits
• Automated instruments lead the instruments segment, owing to their advantages over manually operated variants
• Companies in this market are implementing strategies such as mergers and acquisitions to expand their product portfolio and to strengthen their position. The partnership between Illumina, Inc. and Bio-Rad Laboratories, Inc. is an example of strategies implemented by leading players
• Major players in this market include, but are not limited to, Thermo Fisher Scientific, Inc.; Illumina, Inc.; Qiagen N.V.; Bio-Rad Laboratories, Inc.; Merck Millipore GmbH; Beckman Coulter, Inc. (U.S.); and Becton, Dickinson and Company (U.S.).

Grand View Research has segmented the global single cell analysis market on the basis of product, application, and region:

Single Cell Analysis Product Type Outlook (Revenue, USD Million, 2014 - 2025)

• Consumables
  • Reagents
  • Assay Kits
  • Other Consumables
• Instruments
  • Manual Instruments
  • Microscopes
  • Haemocytometers
  • Automated Instruments
  • Flowcytometers
  • Next Generation Sequencing
  • PCR Systems
  • High-content Screening System
  • Cell Microarrays
  • Automated Cell Counters

Single Cell Analysis Application Type Outlook (Revenue, USD Million, 2014 - 2025)

• Cancer
• Immunology
• Neurology
• Stem Cell
• Non-invasive Prenatal Diagnosis
• In-vitro Fertilization

Single Cell Analysis Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Latin America
  • Mexico
  • Brazil
• Middle East & Africa
  • South Africa

Browse Press Release of this Report:  www.grandviewresearch.com/press-release/global-single-cell-analysis-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Lactoferrin Market Would Be $167.9 Million By 2025 | CAGR: 8.4%: Grand View Research, Inc.

The global lactoferrin market is expected to reach USD 167.9 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand for infant formula has been a major factor driving market growth. Utilization of lactoferrin has increased owing to the rising health concerns among consumers.

Lactoferrin is derived from the transferrin family and is a multifunctional protein. Transferrins are glycoproteins and are known to have the ability to control the free iron content in the human body, and bind them together. The transferrin family derivative is present in extensive quantities in various parts of the human body including, tears, nasal secretions, milk, and saliva.

The multifunctional protein helps to separate the free iron in the human body and also remove any content which promotes bacterial activity. The transferring family derivative helps to inhibit the bacterial growth by binding the lipopolysaccharides with bacterial walls and thus forming peroxides. Owing to this ability of the multifunctional protein, it is widely used in the healthcare sector for curing and preventing bacterial infections & diseases. The antibacterial function of lactoferrin is projected to show a high growth over the next eight years. The antibacterial function segment had a market share of 20.4% in 2016.

Infant formula application segment is expected to have a steady growth rate over the next eight years with an estimated CAGR of 8.1%. The multifunctional protein is the key component of human milk required for infants as they help in iron absorption and its transportation. Cow’s milk contains the multifunctional protein in minute quantities of 0.1 mg/mL, whereas infants require it in the quantities of 2-3 mg/mL. Commercially produced infant formula with lactoferrin content has high iron absorption, antibacterial, and antioxidation properties. This factor is projected to propel the infant formula segment growth over the next eight years.

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

Further key findings from the report suggest:

• The global lactoferrin demand was 255.0 tons in 2016 and is expected to grow at a CAGR of 8.1% from 2017 to 2025
• Iron absorption emerged as the largest function segment in 2016 and is estimated to be worth 151.9 tons by 2025
• Intestinal flora protection is anticipated to be the fastest growing function segment over the next eight years and is estimated to grow at a CAGR of 8.7%
• The global lactoferrin demand in food & beverages application was valued at USD 19.7 million in 2016 and is anticipated to witness steady growth over the next eight years
• Industry participants include Metagenics, Pharming Group N.V., Vitalus Nutrition Inc., Ingredia SA., MP Biomedicals, Glanbia Nutritionals, Farbest Brands, Fonterra Co-Operative Group Ltd., and ProHealth

Grand View Research has segmented the global lactoferrin market on the basis of function, application, and region:

Lactoferrin Function Outlook (Revenue, USD Million; Volume Tons, 2014 - 2025)

• Iron absorption
• Anti-inflammatory
• Intestinal flora protection
• Antibacterial
• Immune cell stimulation
• Antioxidant

Lactoferrin Application Outlook (Revenue, USD Million; Volume Tons, 2014 - 2025)

• Food & beverages
• Infant formula
• Sports & functional food
• Animal feed
• Pharmaceuticals
• Personal care products

Lactoferrin Regional Outlook (Revenue, USD Million; Volume Tons, 2014 - 2025)

• North America
  • US.
• Europe
  • UK
  • Germany
• Asia Pacific
  • China
  • Japan
• Central & South America
• Middle East & Africa

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

About Grand View Research

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

For More Information: www.grandviewresearch.com

Intelligent Transportation System Market Size Projected To Reach $66.5 Billion By 2024

The global intelligent transportation system (ITS) market is expected to reach USD 66.5 billion by 2024, according to a new report by Grand View Research, Inc. The usage of ITS to reduce road accidents and increase safety is a major driving force for the ITS market.

Demand for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication in order to enhance road safety is expected to gain momentum over the forecast period. The continuous progression and development have become a crucial need for betterment of road networks in the transportation systems. Enhancement in vehicle transport technology such as blind spot detection and electronic toll collection has continued to redefine the current opportunity and future prospects of sustainable traffic and transport management.

Additionally, congestion cost is a major issue for any nation in terms of fuel consumption and travel time. ITS and connected car technology is transforming mobility and safety on highways by avoiding crashes and reducing fatalities. As a result, there is a strong focus on deployment of advanced traffic systems and reducing the number of road accidents, which can be facilitated through ITS solutions.

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

Further key findings from the report suggest:

• The ATMS is expected to remain the largest segment owing to the rising need to access real-time information captured by cameras and sensors. This system allows transport agencies to enable safe traveling by identifying and responding rapidly to the emergencies with real-time decision support tools.
• Traffic management application is expected to grow at a CAGR of 12.1% from 2016 to 2024. Growing needs to minimize traffic congestion and pollution levels are boosting the need for traffic management solutions.
• The North America ITS industry is anticipated to reach USD 26.29 billion by 2024. Increased government focus on passenger safety and implementation of traffic management projects and initiatives are propelling the demand for intelligent transportation system.
• Asia Pacific is anticipated to be the fastest-growing region, growing at a CAGR of over 15.7% from 2016 to 2024. Increasing deployment of these systems propelled by the robust telecom and IT infrastructure has minimize transport-related issues in economy such as India.
• Key players in the intelligent transportation system market include Kapsch TrafficCom AG, Iteris Inc., Thales Group, TomTom NV, Garmin International Inc. and Q-Free ASA. Companies are focusing on providing fully integrated safety solutions to develop technologies in the transportation infrastructure space.

Grand View Research has segmented the intelligent transportation system market on the basis of type, application and region:

ITS Type Outlook (Revenue, USD Million, 2014 - 2024)

• ATIS
• ATMS
• ATPS
• APTS
• Cooperative vehicle system

ITS Application Outlook (Revenue, USD Million, 2014 - 2024)

• Traffic management
• Road safety and security
• Freight management
• Public transport
• Environment protection
• Automotive telematics
• Parking management
• Road user charging

ITS Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • UK.
• Asia Pacific
  • China’
  • India
  • Japan
• RoW

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-intelligent-transportation-systems-its-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Hemophilia Market Is Likely To Reach $15.2 Billion By 2024: Grand View Research, Inc.

The global hemophilia market valuation is anticipated to reach USD 15.2 billion by 2025, according to a report by Grand View Research, Inc. The market was valued at USD 9.86 billion in 2016 and expects to expand at around 5.6% CAGR from 2013 to 2024 (forecast period). According to a report by the World Federation of Hemophilia (WFH), only 30% to 40% individuals have undergone blood testing in 2013. Nearly 400,000 people were diagnosed with hemophilia in the same year. High probability of diagnostic procedures to discern blood-related disorders and appropriate measures for their treatment can drive market growth in near future.

Rising need for rapid diagnosis of hemophilia and government programs to assist in diagnosis are projected to augur the hemophilia market. Efforts by notable organizations such as the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), and Healthy Newborn Network (HNN) can further boost the market. An upsurge in the neonatal populace can positively drive the market development during the forecast period.

Browse In-depth Insights: www.grandviewresearch.com/industry-analysis/hemophilia-treatment-industry

Mandatory screening procedures for hemophilia in neonates can bode well for the market for hemophilia. In addition, introduction of co-pay assistance programs made with cooperation of industry players to alleviate financial costs of tests are other factors expected to influence the market in the forthcoming years. For instance, Grifols S.A., an European company, has announced the launch of “ALPHANATE Copay Program” and “AlphaNine SD Copay Card” for immediate enrolment of patients opting for prophylaxis treatment.

Availability of limited therapies and enormous pressure on regulatory agencies to offer treatment options for royal blood diseases can increase the R&D expenditure for these diseases. Performance and efficacy of existing treatments and initiatives to commercially adopt prophylaxis treatment can also bode well for the market during the forecast period.

The worldwide hemophilia market is segmented by type, treatment, therapy, and region. By type, the market is divided into hemophilia A, B, C, and others. The hemophilia B segment is expected to exhibit a 6% CAGR over the forecast period owing to incidence of hemophilia B and emphasis on development of pipeline drugs to treat the disease. The hemophilia A segment can experience limited growth in near future due to an array of drugs already present in the market in addition to its high prevalence around the world.

By treatment, the market is bifurcated into prophylaxis and on-demand. The on-demand segment is expected to dominate the market with more than 50% share by 2024. The prophylaxis segment, on the other hand, is touted to grow at a robust rate due to easy availability of financial assistance programs and high need for better bleeding control.

Based on therapy, the hemophilia market is fragmented into replacement, gene, and immune tolerance induction therapies. The replacement therapy segment can enjoy a remarkable growth rate during the forecast period due to the launch of extended half-life versions of the existing drugs.

Regions covered in the market report include North America, Latin America (LATAM), Middle East & Africa (MEA), Asia-Pacific (APAC), and Europe. The North America market is expected to dominate over the forecast period on account of high prevalence of diseases and early adoption of prophylaxis treatment. In the 2013 survey conducted by the WFH, around 63% U.S. patients had adopted for prophylaxis. This high rate of adoption can continue driving the regional market in the forthcoming years.

The LATAM and APAC markets are anticipated to exhibit significant CAGRs respectively over the forecast period due to awareness regarding hemophilic diseases and rise in their prevalence. Availability of technologically advanced products, rise in R&D, and demand for plasma and recombinant derived products are also expected to bolster market growth over the forecast period.

Prominent players in the hemophilia market include Baxalta, Bayer Healthcare, F. Hoffmann-La Roche AG, Pfizer Inc., and Shire PLC. Developing additional products coupled with expansion plans in Middle Eastern and West African countries are strategies being considered by these players to increase their market share. Mergers, collaborations, and acquisitions are some of the strategies being considered by players to sustain their market hold. For instance, Biogen has partnered with the National Hemophilia Foundation (NHF), American Thrombosis and Hemostasis Network (ATHN), and Puget Sound Blood Center (PSBC) to launch a nation-wide program for free genetic testing of individuals and families ailing from blood-borne maladies.

Access Full Press Release Of This Report: www.grandviewresearch.com/press-release/global-hemophilia-market

About Grand View Research

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

For More Information: www.grandviewresearch.com