Diabetes Treatment Market – Reported To Attain USD 115 Billion By 2018

Diabetes is a disease wherein blood glucose levels are above normal. Rising sugar levels in the human body leads to high appetite, weight loss, increased thirst and frequent urination and are the typical symptoms of diabetes. The diabetes treatment market is expected to collect around USD 115 billion by 2018. This is due to rising diabetic patients worldwide.

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The primary factors driving the diabetes treatment market are healthcare technological advancements, rising key companies for diabetic treatment devices and augmenting diabetic population. However, high costs involved in the diagnosis and treatment of diabetes and lack of reimbursement policies are likely to hamper demand for this market over the coming years.

The diabetes treatment market can be categorized into devices, drug therapy and geographies. The devices market can be fragmented into insulin delivery devices and glucose diagnostics and monitoring devices. Insulin delivery devices market can be divided further into insulin pens, syringes, pumps and injectors. The glucose diagnostics and monitoring devices market includes glucose test strips, CGM (continuous monitoring devices) and lancets.

The diabetes treatment market, on the basis of drug therapy, can be segregated into insulin, non insulin injectable drugs and oral anti-diabetes drugs (OADs). The insulin market includes long acting insulin, rapid acting insulin and intermediate acting insulin. OADs comprise biguandie, meglitinides, alpha-glucosidase, TZDs (thiazolidinedione) and sulphonylureas.

North America holds the largest share, especially United States which accounted for 38% of the global diabetes treatment market. Asia Pacific has shown significant expansion owing to rising population, technological advancements and governmental spendings on healthcare sectors. Europe and ROW (rest of the world) have shown steady growth due to governmental spendings on diabetic treatment devices.

Diabetes Treatment Market

Information Source: Grand View Research

Nanomaterials Market Growth – Divided Into Two, Applications And Geographies

Nanomaterials have a minimum of one dimension with respect to space. This dimension has a magnitude that ranges from 1 to 100 nanometers. Nanomaterials can be developed with different modulation dimensionalities. The chemical and physical characteristics of nanomaterials can vary considerably from the mass materials of similar composition.

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The distinctivity of structural features, dynamics, response, energetic and chemistry of nanostructures comprises the root of nanoscience. There are many apprehension regions in the nanomaterials market which are estimated to be discovered in the years to come. The worldwide nanomaterials market is fragmented on the basis of two categories. These include geographies and applications.

On the basis of geographies, the market is segmented into Asia Pacific, North America, Europe and rest of the world. North America is the biggest nanomaterials market in the world. Pharmaceuticals, electronics and electricals and chemical products are the primary application sectors in this region. Europe has occupied an imperative share in the worldwide market.

Asia Pacific is predicted to undergo stupendous expansion through the forecast phase. The applications sector of the nanomaterials market consists of electronics and electricals, chemical products, polymers and composites and pharmaceuticals. Chemical products occupy an important share in the nanomaterials market. Polymers and composites and pharmaceuticals are projected to rise as the most rapidly expanding sectors in the coming future.

The utilization of nanomaterials in electronics and electricals offers growth prospects to the nanomaterials market. Growth in instruments and procedures to manufacture nanomaterials propels further demand for the nanomaterials market. The unfamiliarity and absence of research regarding nanostructures are factors that prevent further market development.

Nanomaterials Market 

Information Source: Deep Research Report

Deep Brain Stimulators (DBS) Market Expected To Reach USD 1.59 billion By 2020

Deep brain stimulators (DBS) market is expected to register a significant growth rate over the forecast period owing to an upsurge in incidences of Parkinson’s and other neurological disorders such as Dystonia, OCD, essential tremor, Epilepsy and Alzheimer’s. Deep brain stimulation is based on the artificial stimulation provided by a pacemaker to the electrodes in the subthalamic region of the brain. It is instrumental in providing symptomatic relief to Parkinson’s patients on medications and with moderate disability. DBS provide QALY (quality adjusted life years) by improving motor symptoms and is helpful in pain management.

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Global deep brain stimulators market, by region, 2012 – 2020 (USD Million)

Global deep brain stimulators market, by region, 2012 – 2020 (USD Million)

Increasing R&D pertaining to DBS is leading to the introduction of technologically advanced product such as electric current fractionated IPG (implantable pulse generator). This feature enables variable electric current proportions between multi polar lead. Another product design allows selective current steering via direction oriented electrode contacts, effective in delivering stimulation in specific direction and specific tissue, thereby avoiding adjacent tissue stimulation and thus side effects due to the same. Closed loop adaptive stimulation technologies are being developed which would be helpful in providing “on demand” stimulation. Brain computer interfaces helps in tracking momentary symptoms fluctuations especially in Parkinson’s. Furthermore, a computer based feedback signal allows stimulation only when necessary, which is helpful in improving therapeutic efficacy while limiting side effects and preserving battery life. Technological advancements and increasing applicability of DBS in various psychiatric disorder treatments is expected to serve this market with growth platform over next six years.

DBS found the largest usage in North America thereby dominating the regional market with respect to revenue share in 2013. The dominance is due to presence of favorable reimbursement policies and sophisticated healthcare infrastructure. Europe follows North America to be the second largest market for DBS owing to increasing target disease prevalence. Increasing patient awareness levels, unmet needs coupled with rising disposable income levels in the emerging economies such as China and India is expected to provide lucrative growth platform to Asia Pacific territory over the forecast period.

The market is competitive in nature with key participants focusing on providing technologically advanced products and increasing market penetration. Key players of DBS market are Boston Scientific, Medtronic Plc, Aleva Neurotherapeutics SA and St. Jude Medical Inc.

Deep Brain Stimulators (DBS) Market

Information Source: Grand View Research

Aerial Imaging Market Worth USD 2.24 Billion by 2020

The aerial imaging market is expected to witness substantial growth over the forecast period, which can be attributed to the technological advancements in digital camera systems and the above ground aerial platforms. The technology proves effectively helpful in providing solutions with cost-effectiveness and high precision for volume calculations, planning, routing applications, or to update existing mapping. Latest developments in digital imaging and availability of images through the Internet have increased awareness pertaining to the techniques of aerial survey, serving a wide range of applications and end-users. The increased and inexpensive software support has radically widened the scope for aerial imaging market. Increased awareness and availability of high resolution aerial imagery from numerous suppliers is also expected to drive the aerial imaging market. In January 2015, the Federal Aviation Administration (FAA) allowed a real estate company, Tierra Antigua Realty, to use drones for aerial photography. The firm was given permission to fly a Phantom 2 Vision+ quadcopter for enhancing academic community awareness and augmenting real estate listing videos.

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aerial-imaging-marketAerial imaging has many applications such as disaster management, geospatial technology, defense & intelligence, natural resources management, and research & development activities. The defense sector has always been a prime consumer of aerial imaging and geospatial data. Moreover, natural resource management along with construction and mining development, are expected to emerge as promising applications for the aerial imaging industry. Other prospective end-use verticals of aerial imaging include commercial enterprises, civil engineering industry, government, military, agriculture & forestry, and energy sector applications such as drilling and in the logistics activities. Although there many factors favorably impacting market growth, operational and cost limitations along with security concerns may hinder the aerial imaging market growth.

The development of Personal Aerial Mapping System (PAMS) and Unmanned Aerial Vehicle (UAV) in the North American and European countries is expected to propel market growth in these regions. Additionally, increased defense and military investments in countries such as India, China from the Asia Pacific region may attract a significant market for the market players.

Prominent market players include Furgo EarthData, Inc., AeroMetric Inc., Google Inc., Digital Aerial Solutions, LLC, Kucera International Inc., Eagle View Technologies and Landiscor Aerial Information.

Aerial Imaging Market

Information Source: Grand View Research

Clinical Laboratory Tests Market Hits $148.82 Billion To 2020

The global clinical laboratory tests market is poised to grow at a significant rate in the coming six years owing to the growing requirement of medical therapeutic organizations to collect and process large volumes of patient samples and gather relevant information for accurate medical diagnosis. Almost all clinical opinion about patient related conditions and disease prognosis are based directly or indirectly on results, obtained from clinical laboratory tests such as glucose testing, electrolyte and other essential substance test panels. A demographic increase in the medically ill and geriatric population base combined with the rising incidence rates of chronic ailments is also expected to drive the demand for the clinical laboratory tests market throughout the forecast period.

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Global clinical laboratory tests market, by product, 2013 & 2020 (USD Billion)

Global clinical laboratory tests market, by product, 2013 & 2020 (USD Billion)

Presence of a wide range of clinical laboratory tests available at the disposal of medical practitioners and healthcare providers enable them to devise accurate and effective treatment approaches. Some commonly used clinical tests include complete blood count, BUN creatinine, HGB/HCT, HbA1c tests, metabolic, electrolytes, renal, liver and lipid panels. The most commonly used testing segments among these are HbA1c tests, metabolic and lipid panels followed by complete blood count. High prices associated with point of care lipid panel tests are expected to encourage patients to opt for clinical laboratories lipid panel tests. These tests form the fundamental basis of almost all routine medical analysis and therefore together accounted for over 60% of the revenue generated in the clinical laboratory tests market in 2013. Increasing demand for preventive medicine and growing patient awareness levels are expected to drive the demand for these tests during the forecast period.

North America held the largest share in terms of revenue in 2013 due to the presence of sophisticated healthcare infrastructure and availability of technological expertise required to simultaneously process large testing volumes in clinical laboratories such as ARUP (Associated Regional and University Pathologists) Laboratory of the University of Utah. Increasing government expenditure towards the development of clinical and medical facilities in the Asia Pacific region such as China and India is expected to grow at a significant CAGR during the forecast period.

Key participants in this market are Siemens Healthcare, Quest Diagnostics Incorporated, Charles River Laboratories, Bioscientia Healthcare, Clarient, Sonic Healthcare Ltd., Bio-Reference Laboratories, Qiagen, Abbott Laboratories, ARUP Laboratory and Genoptix Medical Laboratory.

Clinical Laboratory Tests Market

Information Source: Grand View Research


Finished Lubricants Market Growth – Fragmented Into Automotive And Industrial

The main role of finished lubricants is to decrease resistance between two moving surfaces. Of late, people across the globe have been getting increasingly aware of lubricants due to central ecological issues, like energy discounts and cutting ejections. As per investigations, 0.5 percent of the GDP can be simply set aside for varied energy purposes in the urbanized nations of west.

This can happen provided knowledge regarding resistance, lubrication and wear is utilized in lubrication procedures. Lubricants are fragmented on the basis of two categories. These are automotive lubricants and industrial lubricants. Industrial lubricants are fragmented into industrial lubricants and industrial oils. The finished lubricants market is expanding strongly. This owes to rising demand for finished lubricants from their consumer and application sectors.

These sectors include production, agriculture, mining, etc. Lubricants generated from recycled base oils in East Africa are growing fast. They are vital for machinery parts and ensure the latter work well. They help decrease resistance between their moving surfaces. Lubricants are often traded in as finished lubricants mixed locally afterwards. Lubricants that are manufactured from recycled base oil are low-priced as against products derived from virgin base oils.

Base oils are the primary ingredients of the finished lubricants market. They account for a big share in the same. The remainder in the finished lubricants market is accounted for, by chemical preservatives which are added to improve performance. Lubricants are put on retail in the markets through organizations that sell and promote fuels. The finished lubricants market of South Africa is one of the strongest in the world.

The finished lubricants market has played a significant role in meeting the aims of industrial and automotives sectors.

Information Source: Grand View Research

Hard Surface Flooring Market Growth – Based On Products, Markets And Regions

Hard surface flooring coverings are a kind of stiff and stable flooring materials. They have certain distinct properties which propel the hard surface flooring market. The market is expected to witness increased demand in the years lying ahead. This is due to recovery in residential completions, housing enhancements and repair expenses. The worldwide hard surface flooring market is profiting from economic downturn recovery and innovations in building construction investments.

The housing market propelled by the rebellion in the residential industry is one of the primary components driving demand for this market. The profits of the hard surface flooring market are also backed by increased inclination towards hard surface floorings over mats and floor coverings. Hard surface floorings last longer and are aesthetically more gratifying. These elements also drive the hard surface flooring market.

Non-housing market also aids further growth of this market. This is owing to growing utilization of hard surface floorings in business, institutional and office investments. The ‘least maintenance needs’ property of hard surface floorings also drives demand for the hard surface flooring market. Demand for this market is also propelled by its application sectors and consumer industries.

Decreased remodeling expenses for flooring projects and reduced construction activities are anticipated to slow down the hard surface flooring market from progressing smoothly. The growing utilization of hard surface floorings over conventional substances is projected to offer expansion opportunities to the hard surface flooring market. The worldwide market is segmented in to three categories. These include kinds of markets, kinds of products and various geographical regions.

Information Source: Grand View Research

Hematology Analyzers and Reagents Market Growth – Predicted to Grow At 5% CAGR

The hematology analyzers and reagents market is experiencing noteworthy growth. It is expected to grow at 5% CAGR over the forecast period. There is rising demand for hematology equipments owing to their utilization in various diagnostics laboratories.

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The pivotal factor driving the hematology analyzers and reagents market is technological advancements. Digital imagining systems are creating expansion opportunities for hematology laboratories. However, product recalls and high treatment costs are likely to hamper the market over the forecast period.

The hematology analyzers and reagents market is divided into products, consumers and geographies. The products market can be divided into consumables and instruments. Consumables can be fragmented into stains & controls and regents calibrators. Instruments can be segregated into slide strainers or makers and analyzers.

The hematology analyzers and reagents market can be segmented further into consumers, including stand alone hospitals, research institutions, clinical laboratories and commercial organizations. Among the four geographical regions, North America was the largest hematology analyzers and reagents market. Europe followed North America and was the second largest region.

Asia Pacific is the third largest hematology analyzers and reagents market. It is expected to grow exponentially in the coming years. Presently, it is rising at about 9% CAGR. Expansion in this region is mainly attributed to developing healthcare sectors, developments in infrastructure, rising patient population and government spendings on hematology products.

Rising demand for hematology analyzers and reagents from consumer and application sectors is anticipated to drive demand for the hematology analyzers and reagents market. Also, product developments with regard to this market are furthering the latter.

Hematology Analyzers and Reagents Market

Information Source: Grand View Research


E Pharmacies Market Growth – Reported To Attain Revenue Of USD 52 Billion By 2018

The e pharmacies market is reported to attain increased revenue worth about USD 52 billion by 2018. This owes to rise in cost effectiveness, accessibility to drugs and tech-savvy consumers. Advancements in drugs and therapeutics are creating space amidst demand and supply. This space is projected to increase demand for the e pharmacies market.

Augmented digital marketing and e-marketing is also predicted to drive the e pharmacies market over the coming years. However, unbranded or duplicate drugs and cyber crimes are likely to hinder the flow of this market. The e pharmacies market can be categorized into applications and geography.

On the basis of applications, it can be divided into supply chain management (SCM) market and IT software market. The IT software market can be subdivided into readymade, customized and modified software markets. The readymade software market is highly convenient for clients. So, they make the most out of this market.

The customized software market is the most expensive of the three. It is likely to gain repute in the years to come due to upward trends in the e pharmacies market. On the basis of geography, North America and Europe capture the largest shares in the worldwide e pharmacies market. This owes to the appealing presence of these two markets on the internet.

Also, the increasing online presence and internet usage in these regions are predicted to create future growth opportunities for the e pharmacies market. Rising consumer industries in Asia Pacific and growing innovations in the world are projected to push the e pharmacies market in the future. The emerging economies of China and India are also likely to create more demand for the market.

Information Source: Grand View Research

Physiotherapy Equipment Market Growth – Projected To Reach USD 20 Million By 2019

The physiotherapy equipment market is projected to reach around USD 20 million by 2019. Rising cardiovascular diseases, sports injuries, neurological disorders and pediatric illnesses are the driving factors for the growth of the physiotherapy equipment market. Physiotherapy equipments are highly advised to sportspersons, physically challenged and those suffering degenerative disorders.

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Rising demand for the physiotherapy equipment market owes to increasing neurological disorders and cardiovascular illnesses among baby boomers about to reach their retiring age. However, major constraints hampering this demand are less skilled people and high maintenance and equipment costs.

The physiotherapy equipment market can be categorized into applications, products, end users and geography. Applications are divided further into neurology, cardiovascular and pulmonary and musculoskeletal and pediatric.

On the basis of products, the market is fragmented into equipments and accessories. The equipments market is divided further into ultrasound, electric simulation, heat therapy, therapeutic exercises, hydrotherapy, cryotherapy and continuous passive motion.

End users of the physiotherapy equipment market include clinics, hospitals, healthcare, schools and rehabilitation centers. Among all these, hospitals were the major consumer of the physiotherapy equipment market in 2014. This was due to huge government finances and easy accessibility of hospitals to physiotherapy equipments.

North America dominated the physiotherapy equipment market in 2014. This was due to the rising population of baby boomers in the region. It was followed by Asia Pacific and Europe. Escalating concerns and government spendings with regard to physiotherapy treatment are anticipated to drive the physiotherapy equipment market in these two regions.

China and India are predicted to be the fastest growing physiotherapy equipment markets in Asia Pacific. The adoption of physiotherapy equipments in these regions owes to escalating aging population and government spendings on physiotherapy.

Physiotherapy Equipment Market

Information Source: Grand View Research