Phototherapy Equipment Market – Global Industry Analysis from 2018-2026

Nov 06, 2019- Million Insights Market Research has published a new report titled ‘Phototherapy Equipment Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Phototherapy Equipment market report helps analyze trends and significant developments in the industry.

The global phototherapy equipment/device market value was worth USD 481.5 million in 2016 which is anticipated to increase at a CAGR of more than 5.8% over the forecast period. Growing incidence of skin diseases is significantly boosting the phototherapy equipment market. Some of the most prevalent skin diseases include eczema, psoriasis and acne related problems.

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Apart from chronic skin diseases, phototherapy equipment are also used for treating neonatal jaundice. Exposure of fluorescent lights on neonates helps in the treatment of this disease condition. According to WHO, almost 60% of the new born suffer from jaundice within first week of their birth. According to Scholars Journal of Applied Medical Sciences, almost 25-50% of infants and premature neonates suffer from jaundice. Thus, increasing number of neonates with jaundice is expected to support the demand for phototherapy products.

Furthermore, with technological advancements in the field of phototherapy, this market is witnessing a significant growth. For instance, Nice4000 CFL- standalone CFL phototherapy, manufacutured by Nice Neotech Medical Systems Pvt. Ltd. uses compact fluorescent tubes to deliver high intensity phototherapy for the treatment of neonatal jaundice. Several bulb configurations are also available Several bulb configurations are available for phototherapy and diagnosis.

Product Insights

Based on product, the market is segmented into conventional, fiberoptic, and LED equipment. In 2016, conventional equipment dominated the market owing to is high usage in the treatment of eczema, psoriasis and other skin diseases.

LED equipment is expected to witness an attractive growth over the forecast period due to the availability of cost-effective devices. These products are highly effective in treating neonatal jaundice. For instance, IREX10, manufactured by Ibis Medical is highly efficient in treating neonatal jaundice.

Application Insights

Based on application, the market is segmented into neonatal jaundice management and skin disease treatment. In 2016, skin disease treatment dominated the market due to increase in prevalence of skin disorders, like eczema and psoriasis.

Neonatal jaundice management is projected to show lucrative growth over the forecast period. This is due to the growing number of neonates suffering from hyperbilirubinemia. Moreover, launch of technologically advanced products for the treatment of the neonatal jaundice is also expected to heighten the market growth.

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Some of the key players of the market comprise Nice Neotech Medical Systems Pvt. Ltd.; GE Healthcare; Natus Medical Incorporated; Philips Lighting Holding B.V.; Solarc Systems Inc.; Atom Medical Corporation; Phoenix Medical Systems Pvt. Ltd.; and National Biological Corp.

In order to fulfil the unmet needs of the target population, the major companies are undertaking regional expansion, development of new products and mergers & acquisitions. For instance, in 2015, Brilliance Pro was launched by Phoenix Market Systems. It SmartTilt feature provides consistent intensity across a baby’s skin, suffering from jaundice regardless of the angle at which the light head is oriented.

Pain Management Devices Market - Top Manufacturers Report

Nov 06, 2019- Million Insights Market Research has published a new report titled ‘Pain Management Devices Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Pain Management Devices market report helps analyze trends and significant developments in the industry.

The pain management devices market was estimated to be USD 3.18 billion globally in 2014. This can be attributed to increasing geriatric population along with rising number of population suffering from diabetes. According to estimates published by International Diabetes Federation, the prevalence of diabetes is predicted to increase to 552.0 million by 2030 from 355.0 million in 2011 globally.

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The increasing incidence of diabetes makes a huge population base susceptible towards development of chronic pain which is expected to drive the growth. The market is primarily driven by aging population base which is more prone to develop various chronic disorders. These chronic disorders include diabetes, cancer and cardiovascular disorders accounting for over 87.0% of disease burden in geriatric population.

In addition, there has been an increasing prevalence of cancer accompanied with chronic pain and serves as a potential contributor towards high potential growth. The trauma is a result of compression of a nerve by tumor and other factors which can be subsided with the use of these devices. According to estimates, over 20.0 to 50.0% of patients suffer from acute pain during diagnosis and about 75.0% as the disease progresses.

The major applications include trauma, musculoskeletal disorders, migraine and facial, neuropathic and cancer, which can be accessed through neurostimulation products. A substantial share was held by neurostimulation devices owing to the efficient results achieved by stimulation of spinal cord. Additionally, these products also have various benefits such as stimulation of customized level based on the activities done by the individual in a day. These show their action by inducing cell necrosis by temperature thermal therapy.

Regional Insights

The market was dominated by North America with a revenue share of around 49.5% in 2014. The dominance can be as a consequence of supportive healthcare infrastructure which helps in increasing accessibility of pain management devices. Moreover, initiatives by government such as Affordable Care Act and Precision Medicine along with favorable reimbursement policies contribute to the regional growth. Also, increasing awareness level amongst individuals coupled with high healthcare expenditure is predicted to broaden the growth potential.

A lucrative growth is expected to be witnessed by Asia Pacific throughout the forecast period as a consequence of supportive governmental policies for improvement in healthcare infrastructure. Also, emerging economies such as China and India have high disposable incomes and is anticipated to drive the demand.

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Prominent players include Stryker Corporation, St. Jude Medical, Smiths Medical, Medtronic Plc, Pfizer, DJO Global LLC, Codman and Shurtleff, Boston Scientific Corporation, Baxter International Inc., Melsungen AG., and B Braun. Key strategies include acquisitions, mergers and alliances to provide a competitive edge.

For instance, Spinal Modulation Inc., developer of axium neurotransmitter system, which helps in targeting neural structure in spine, was acquired by St. Jude Medical in May 2015 which is predicted to strengthen product portfolio of the company.

Molecular Scissors/Genome Editing Market Profile | Top Key Players & Segmentation | Forecast To 2028

USA: November 6, 2019- Molecular Scissors/Genome Editing Market size was worth USD 2,585.5 million in 2016 which is anticipated to grow at a CAGR of more than 13.5% during the forecast period. Application of technology in the therapeutic genetic editing process of infected tissue and cells eliminates damage causing mutations, which is expected to enlarge the market size.

The existence of robust pipeline products is anticipated to influence progress in genomics sector over the projected period. Innovative products support the DNA targeting advances with simplicity of AAV packaging for distribution, specificity of the nuclease, and improved flexibility.

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The largest market share was accounted by gene therapy and stem cell therapy and is expected to maintain its dominance in the coming years. Application of innovative technology for the development of novel molecules that can eradicate infectious diseases and hematological malignancies are anticipated to promote the approval of this technology over the forecast period.

End-use Insights

The largest share was attributed by biotechnology organizations as an enormous amount of research is undergoing for development of innovative therapeutics by virtue of molecular scissors.

The fastest growth is accounted by government and academic research institutes in the coming years as the adoption rate is increasing for genome engineering technology. Moreover, improvement in genome engineering techniques is expected to quicken its application in research schemes by the government.

Service Insights

Key market players offer partial services and user-friendly sets to the stem cell scientists which assist them to perform the engineering process without compromising the required pluripotency conditions.

Companies, such as Sigma-Aldrich Corporation and Thermo Fisher offer customized products for cutting the cell lines at specific points, thereby boosting the growth contract based genome editing field.

Regional Insights

The market was dominated by North America owing to rising adoption of innovative and improved technologies in the U.S. Moreover, higher occurrence rate of monogenic disorders is also accountable for the estimated share.

For instance, cystic fibrosis befalls at an occurrence of 1 in 2,500 deliveries in the U.S thereby resulting in lung and other organ damage. Furthermore, recently 1,22,000 individuals necessitate organ transplant which is gradually growing and anticipated to boost growth in the coming years. Asia Pacific is anticipated to witness substantial progress over the forecast period due to rising research in personalized medicine in this sector.

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Market Segment

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

        • (CRISPR)/Cas9

        • TALENs/MegaTALs

        • ZFN

        • Others

Delivery Method Outlook (Revenue, USD Million; 2014 - 2025)

        • Ex-Vivo

        • In-Vivo

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

        • Cell Line Engineering/ Gene Therapy

        • Animal Genetic Engineering

        • Plant Genetic Engineering

        • Other Applications

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Digital Therapeutics Market: Granular View of The Market from Various End-Use Segments

Nov 06, 2019- Million Insights Market Research has published a new report titled ‘Digital Therapeutics Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Digital Therapeutics market report helps analyze trends and significant developments in the industry.

The global digital therapeutics market size was estimated at USD 1.7 billion in 2016. Digital therapeutics is a subset of digital health and is used to track health conditions and self-management of a medical condition. A significant change in the usage of digital technology has created cognizance among users and has allowed increasing adoption of these services. Moreover, there has been increased burden of the chronic diseases that requires effective treatment and management. There are a lot of services provided by digital therapeutics that aid in embracing healthy habits and allow efficient tracking and management of conditions. Digital therapeutics is thus estimated to grow at a fast rate owing to increasing adoption among patients and other end users.

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There has been a significant rise in internet usage among people which has been one of the significant drivers for the digital therapeutic market. Moreover, the treatment associated with the digital therapeutics is popular which is further adding to the growth of the digital therapeutic market. Chronic diseases are major problems and act as threats to the economy leading to high healthcare expenditure. For instance, according to the CDC, about 50 % of the adult population were suffering from the chronic diseases in 2012. As chronic diseases like diabetes, obesity and other respiratory problems are well managed with the help of the digital therapeutics they are being used on an increasing level.

Based on the application, the market is classified into diabetes, obesity, cardiovascular diseases, central nervous system disease, respiratory diseases, smoking cessation, and others. Diabetes accounts for the largest market share of the application segment followed by other applications. Diabetes causes heavy burden on patients as well economies on the health front as well as the economic front. For instance, 8.3 % of the U.S. population suffer from diabetes while 35% of them exhibit prediabetes symptoms. Also diabetes is expected to show the fastest growth in the application segment due to the high prevalence and incidence of the disease. Digital management is helpful in the management of the symptoms of diabetes such as polyuria, polydipsia, and polyphagia. A large number of medical practitioners are using mHealth and have estimated that diabetes would reach its highest market limit in the next 5 years.

End use insights

Based on end use, the digital therapeutics market is divided into the patients, employers, providers, payers, and others. Patients are the major consumers of the therapeutic healthcare programs and applications offered by digital therapeutics. The usage of these services has been attributed due to increasing cognizance and added benefits offered by digital therapeutics.

Hospitals accounted for the largest market share owing to increased usage of digital therapeutics services for patients admitted in these settings. The utilization of these services allows affordable and vital healthcare to patients.

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Some of the key companies in the market comprises of Livongo Health; Twine health, Inc.; Omada Health, Inc.; 2Morrow, Inc.; Propeller Health; WellDoc, Inc.; Canary Health, Inc.; Proteus Digital Health, Inc.; and Mango Health, Inc. Digital therapeutics is in its preliminary stages of development and is expected to increase its presence in the digital market with increasing adoption of apps and services offered by developers. Dominant players in the market are focused on development of user friendly and simple interfaces that allows customers to use these services on a larger level at ease.

However, growth probability is considered to be great in the market, which is contributed by growing adoption of therapeutic applications by leading healthcare providers to provide better treatment options to patients.

Current and Future Scenario of the Blood Gas And Electrolyte Analyzers Market

Nov 06, 2019- Million Insights Market Research has published a new report titled ‘Blood Gas And Electrolyte Analyzers Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Blood Gas And Electrolyte Analyzers market report helps analyze trends and significant developments in the industry.

The global Blood Gas and Electrolyte Analyzers Market is estimated to reach USD 653.5 million by 2022. An increase in demand for blood gas testing, growing incidence among the patients in emergency departments and critical care, increasing healthcare expenditure, increase in the change of focus towards point-of-care testing and introduction of new expertise are some of the most affecting drivers of this market.

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Portable analyzers and benchtop are key product categorization of the electrolyte and blood gas segment. Benchtop analyzers with a display (LCD) are larger, with a keypad to enter information and also contains a slot for placing in a sample tube or test strip, while portable analyzers are movable thus facilitating bedside examination. In 2016, the portable analyzers market held the major share at over 62%. Portable analyzers have many advantages which includes automation of tasks, portability and ease-of-use, decreased manual errors, self-assessing ability and low maintenance which are estimated to act as key drivers contributing to increase in the growth of the market share.

Application Insights

In 2016, combined analyzers conquered the overall market due to the occurrence of broad product portfolio with large test volumes. The combined analyzer market is anticipated to witness an increase in growth as a result of increasing need for analyzers which need less maintenance, further facilitating the test results for electrolyte and blood count from samples such as whole dialysate, urine, blood, serum, and plasma.

End-use Insights

The market is divided on the basis of end-use into central laboratories and point-of-care. The point-of-care division is identified to be the best growing segment in the coming years. The key contributing factor is the continuous technological improvements, thus attracting end-users to move focus towards point-of-care analysers.

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Key local players of this market include, Abbott, Siemens, Bayer, Roche, OPTI medical systems Inc., Samsung Medison, Medica, Nova Stat, Erba, Radiometer Medical, Alere Medical, Edan Instruments, Afford Medical, Dalko Diagnostics, Convergent Technologies and Accurex Biomedical Pvt. Ltd.

Introducing strategic collaborations, entering into acquisitions & mergers and increasing product portfolio are some key sustainability strategies implemented by these market players. For example, in September 2012, Maxmat S.A was acquired by Erba Mannheim, which is a French company in service of manufacturing medical laboratory devices. This helped the parent company, minimize product development period and provide the alteration in the requirements of the consumers.

RFID Blood Monitoring Systems Market Profile | Future Demand & Growth | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global RFID Blood Monitoring Systems Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

USA: November 5, 2019- RFID Blood Monitoring Systems Market size was estimated at USD 104 million in 2014. Rising demand for efficient management system regarding blood & related products and growing awareness pertaining to minimize transfusion errors in medical process are some of the key factors driving RFID blood monitoring systems market. Rapidly consolidating healthcare sector and increase in volume of blood & related products inventory is further boosting up the demand for this technology in healthcare industry.

Technological advancements in RFID systems will not only provide identification details but also provide location information on a real time basis, which will further boost demand among end-users for these devices. Increase in R&D activities for the development of new management solutions and rising concerns for patient safety is expected to propel the growth of RFID blood monitoring systems. Growing adoption of RFID technologies by the hospitals and blood banks particularly in blood freezers and refrigerators further surges demand for this technology.

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Some of the other factors driving the growth of the market are favorable regulatory policies for the approval of RFID technologies and rising trend of privatization of healthcare infrastructure that led to the introduction of modern technologies in the healthcare settings. In 2013, FDA approved iTrace which is a RFID-based tracking system that can be used in blood banks systems.

North America dominated the regional segment in 2014 followed by Europe owing to rising number of blood banks, sophisticated healthcare infrastructure, growing demand for operational efficiency and favorable government initiatives. Increasing number of funding for the research activities in RFID technologies attribute to its growth in the region. Asia pacific region is expected to be the fastest growing segment over the forecast period. The growth in the region is driven by the factors such as improved healthcare infrastructure and increased penetration of RFID blood monitoring system. Low cost of RFID components such as original equipment manufacturing (OEM) services provided by China offers huge potential of RFID technologies in Asia pacific market.

Competitive Insights

Few of the key participants of RFID blood monitoring systems market include, TAGSYS; Wave Mark, Inc.; LogTag Recorders Ltd.; Solstice Medical LLC; Innerspace; LogiTag Ltd.; Terson Solutions and Mobile Aspects; Inc.

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Market Segment

Product Outlook (Revenue, USD Million, 2012 - 2022)

        • Systems

        • Tags

End Use Outlook (Revenue, USD Million, 2012 - 2022)

        • Blood Banks

        • Hospital Blood Centers

Regional Outlook (Revenue, USD Million, 2012 - 2022)

        • North America

        • Europe

        • Asia Pacific

        • RoW

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Nanomedicine Market Profile | Demand, Cost and Profit | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Nanomedicine Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

USA: November 5, 2019- Nanomedicine Market size was worth USD 138.9 billion in 2016 which is anticipated to grow at a CAGR of more than 9.8% during the forecast period. Factors such as technological advancements along with significant applications in the prophylaxis of acute and chronic diseases, prevention intervention, and early disease diagnosis are accountable for progress of this industry. Miniaturization of bigger chemicals and structures at nanometric scale enables the modernization in drug administration thus leading to growth in nanotechnology market for healthcare industry.

Advancements in nanorobotics due to the escalation in funding from the government bodies are accountable to persuade potential to the nanomedicine market. Moreover, nanorobotics engineering projects which are targeting only the cancer cells without affecting the contiguous tissues is expected to promote progress through to 2025.

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Nanotechnology is a promising technology which delivers drugs at the site of action with an enhanced cellular penetration and reduced toxicity. The aforementioned fact, is supportive for the estimated share of therapeutics segment. Moreover, development of innovative delivery products by using various kinds of nanoparticles is anticipated to boost the market growth.

Application Insights

Based on application, the segment incorporates cardiology, infectious diseases, oncology, and other applications. In 2016, oncology segment dominated with approximately 47% revenue share.

Rise in the R&D and funding activities in this segment is attributive for the larger share of this segment. Moreover, continuous increase in the incidence of oncology diseases is attributive for the development of nanotechnology based products for cancer eradication.

Cardiology is expected to witness fastest growth as a result of higher demand in the projected period due to several opportunities such as implants for tissue regeneration, nanostructured stents, and therapeutic nano-vectors.

Nanomolecule Type Insights

The capability of nanoparticles to get linked with the chemical moieties in different forms such as scaffolds aids in performing different functions. Moreover, application of nanoparticles for active targeting by linking it to cell receptor’s ligands is expected to drive progress potentially nanotechnology.

Dendrimers and the inorganic nanoparticles are also anticipated to grow at a potential rate in the coming years as consequence of research carried out in these segments. Furthermore, rising inclination of physicians towards nanodevices for monitoring and prognosis is anticipated to boost demand in the coming years.

Regional Insights

The nanomedicine market was dominated by North America with over 42% of revenue share due to escalating partnerships between nanomedicine startups and enterprises. Moreover, assistance from government organizations along with higher R&D expenditure is accountable for the largest share of the province in this sector.

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Market Segment:

Product Outlook (Revenue, USD Billion; 2013 - 2025)

        • Therapeutics

        • Regenerative medicine

        • In-vitro diagnostics

        • In-vivo diagnostics

        • Vaccines

Application Outlook (Revenue, USD Billion; 2013 - 2025)

        • Clinical Oncology

        • Infectious diseases

        • Clinical Cardiology

        • Orthopedics

        • Others

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Extracorporeal Membrane Oxygenation (ECMO) Market Insights | Global Trends, Competitive Scenario | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Extracorporeal Membrane Oxygenation (ECMO) Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

USA: November 5, 2019- Extracorporeal Membrane Oxygenation (ECMO) Market size was valued at USD 246.5 million in 2016 and is expected to grow at CAGR of 4.3% over the forecast period. The major factors boosting growth are the rising incidences of Chronic Obstructive Pulmonary Disorder (COPD), and surging prevalence of cardiopulmonary diseases and respiratory failures.

According to data recorded by the American Lung Association (ALA), in 2013, COPD was recorded to be the third largest cause of death across the U.S. In addition, over 24.0 million individuals are estimated to remain undiagnosed in the U.S. and 11.0 million diagnosed for COPD.

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Also, the increasing adoption of unhealthy lifestyles, such as rise in the total tobacco consumption level among both, females and males and further development of lifestyle disorders are augmenting the incidence rate of COPD. ECMO machines are gaining popularity in the hospital and healthcare systems due to the rising trend of its application during cases of respiratory disorders.

The ECMO machines are used in cases of cardiac failure to facilitate auxiliary oxygen support system. These machines are frequently used in patients suffering from respiratory conditions and also in neonates and pediatric patients. The estimated growth of these machines can be attributed to the critical nature of the target population consisting of neonates and pediatric patients.

As per applications, the market is segmented into Extracorporeal Cardiopulmonary Resuscitation (ECPR), respiratory and cardiac. The segments are further segmented on the basis of who is using the set up into adult application, neonate and pediatric. The segment dominating the market in 2015 with about 40.0% of the industry share is respiratory based ECMO.

The increasing demand for the ECMO systems is majorly attributed to rising number of patients with chronic respiratory conditions like COPD, emphysema and chronic bronchitis combined with a trend of growing awareness about health disorders. As per the U.S. National Center for Health Statistics, more than 8.7 million individuals suffered from chronic bronchitis and 3.4 million individuals suffered from emphysema in the year 2014.

Some key players operating in the ECMO market include MAQUET Holding B. V. & Co. KG, Microport Scientific Corporation, Medos Medizintechnik AG, Sorin Group, Medtronic, Plc., Terumo Cardiovascular Systems Corporation, and Nipro Medical Corporation. The major strategic initiatives adopted by the companies in this vertical are technological advancements in the existing portfolio and new product development.

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Market Segment:

Modality Outlook (Revenue, USD Million, 2013 - 2024)

        • Veno-Arterial

        • Veno-Venous

        • Arterio-Venous

Application Outlook (Revenue, USD Million, 2013 - 2024)

        • Respiratory

            • Neonates

            • Pediatric

            • Adult

        • Cardiac

            • Neonates

            • Pediatric

            • Adult

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Big Data Market Overview | Size, Share &Future Trends | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Big Data Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

USA: November 5, 2019- Big Data Market is the term for large and complex data set that includes challenges like capturing, storing, sharing, transferring and analyzing data. The traditional data processing software is inadequate to deal with them. Increasing popularity of social media that produce large amount of data can act as driver for its growth. The market size was USD 25.67 billion in 2015 and it is forecasted that it will grow to USD 123.2 billion by 2025. Big data market includes software and services which can be further divided into big data analytics, data discovery and visualization. The growing demand for big data analysis includes increase in easy sharing, mobile devices, internet penetration, abundant information and resources. The market has shown tremendous growth in its adoption rate recently.

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This mainly includes storage devices, Network components and server that are used for data processing and storage. It is estimated that network component market will grow about CAGR 20% over a given period because of big data. Security becomes important when it comes to handling large data, so new network security paradigm and algorithm should be developed. At present due to cloud computing there is elevating demand for storage space and in coming nine years it is expected to witness more healthy growth.

Software Insights

Visualization or Graphical user interface (GUI) is important because user need to access data when required. This market will witness growth with CAGR more than 15% over given time period. The big data market is expected to present great opportunity for data vendor in next four to five years, so proper and effective visualization is needed.

Big data analytics is processing large data sets to discover correlations, market trends and hidden patterns which is handy in making business decisions. This segment is also expected to grow due to increase in awareness of analytics in large enterprises for making strategic decisions and to reduce risk of failure.

Big data technology has given opportunities to different sectors and business to store, process and manage data and convert it into useful information. In 2015 North America was major region in market which was having more than 30% of total revenue. Over a given time Apac is expected to grow at a fastest rate among various regions with CAGR exceeding 17% in given period. Use of data in public as well as private sector will be providing better opportunities for this market. Europe will also witness a significant growth due to use of big data in government and private sector.

Competitive Insights

Big data and IOT works together. Efforts are made to reduce hardware cost which includes network component and storage cost reduction. Organizations are investing in R&D to achieve integrated big data solution so as to increase its efficiency and capabilities. Gaining precise information has the highest priority in industry as it helps in understanding customer needs. Alpine Data Labs, Databricks, HPCC Systems are some organization that deals with Big data.

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Market Segment:

Big Data Hardware Outlook (Revenue, USD Million; 2014 - 2025)

        • Storage

        • Server

        • Network Equipment

Big Data Software Outlook (Revenue, USD Million; 2014 - 2025)

        • Analytics

        • Database

        • Visualization

        • Distribution Tools

        • Others

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Agricultural Films Market Future | Significant Trends & Status | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Agricultural Films Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

USA: November 5, 2019- Agricultural Films Market in 2015 was USD 7.27 billion. The growing population and the increasing demand of food with the rise in agricultural productivity is driving the market over the forecast period.

The factors which drive the market are requirement of high quality crop and declining arable land. These films are basically used for crop protection and increasing productivity. In order to fulfill the demand of population these agricultural films are in demand.

Application of agricultural films includes covering of a greenhouse, covering soil from shifting due to wind, film for water reservoirs, tunnel films and as a wrapper around fodder. Basic function it serves in agricultural are farming and crop production. The wide range of its specialized application led the commercialization of the product.

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Due to applications such as control on increased soil temperature, speeding up the germination and cultivation cycles, reduced water consumption and keeping fertilizers and nutrients closer to the plant mulching leads the segment and is accounted for more than 43% of total market space in 2015. Increasing demand of high-quality yield crops, health awareness and rising incomes is expected to move the industry. The global agricultural films used in mulching is expected to reach USD 5752.5 million by 2024.

Greenhouse is projected to witness the rapid usages with the CAGR of 5.6% over the forecast period. Agriculture based on greenhouse technology will be trending which will have positive effect on market in Asia, Middle East, and Western Europe. With uncertain climate change due to multiple factors like population and industrialization demand for horticulture and floriculture segment will see more growth of these products.

Stretch silage due to durability, protection against the damage caused by sunlight, notably UV light and cost effectiveness serves as air tight package that in return restricts the unwanted fermentation for all agricultural products.

Regional Insights

The Asia Pacific leads the market in this region led the global industry with iver 70% of the total demand. Usage of mulch is done by over 80% of the farmers. Government supported initiatives in R&D for this product is the major driver of this product in this region. China is to witness the fastest growth over forecast period.

Stringent environmental policies regarding manufacturing, usage and disposal of this product in Europe will cause stagnant growth in near future. However, focus is shifting towards biodegradable materials in this region. Demand will be average in Central & South America. Developing economy like Brazil, India and Argentina with advancement in technology and implementation to achieve desired yield will cause the product penetration.

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Market Segment:

Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

        • Low density polyethylene (LDPE)

        • Linear low density polyethylene (LLDPE)

        • High density polyethylene (HDPE)

        • Ethyl vinyl acetate/ ethyl butyl acrylate (EVA/EBA)

        • Reclaims

        • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

        • Green house

        • Mulching

        • Silage

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