Medical Robotic Systems Market Worth USD 18 billion by 2020. The global Medical Robotic Systems Market is projected to reach nearly USD 18 billion by 2020.
In 2014, the industry stood at around USD 7.5 billion. Advancements in computerized surgical technologies, like telemedicine and bacteriobots for treating terminal cancers may fuel product demand over the forecast period (2012 to 2020). Heightened awareness, high population growth, improvements in healthcare infrastructure, and rising prevalence of lifestyle diseases are other industry drivers. Widespread penetration of IT is yet another factor that has spurred the demand for medical robots in the world of healthcare. Greater preference for minimally invasive surgeries over the conventional ones may further contribute to overall demand in the years to come.
Medical Robotic Systems Market Worth USD 18 billion by 2020. Home Healthcare Market to Project a CAGR of nearly 8% till 2020. The worldwide home healthcare market is projected to expand at a CAGR nearly 8% over the forecast period (2012 to 2020).
In 2015, the industry stood at nearly USD 245 billion. One of the key drivers of this market is the rapidly growing geriatric population worldwide. The elderly are most susceptible to medical disorders, such as COPD (chronic obstructive pulmonary disease), diabetes, and asthma among others. The onset of such ailments triggers the need for health checkups & monitoring on a regular basis. As a result, the demand for health delivery & health monitoring services starts increasing subsequently.
For Market Research Report on “Home Healthcare Market” Visit - The global industry is segmented as per products, services, and regions. High usage rates of devices for BP monitoring and for fertility & pregnancy tests also has a positive impact on product demand. Regional segments of the worldwide home healthcare market are Asia Pacific, Europe, North America, and Rest of the World. Hearing Aids Market to Expand at a CAGR of 4.4% till 2020. Due to a rapidly expanding geriatric population, the global hearing aids market may grow at a nearly 4.4% CAGR during the forecast period (2012 to 2020).
The industry stood at around USD 4.6 billion in 2015. Nerve deafness and congenital hearing problems are commonly occurring hearing defects among the elderly. High incidence of hearing problems and partial or full reimbursement for hearing aids are two key factors that drive this industry. Healthcare 3D Printing Market to Register 16% CAGR Globally till 2020. The global Healthcare 3D Printing Market can register a CAGR nearly 16% over the forecast period (2012 to 2020).
The industry is fueled by an expanding global population and rapidly evolving technology. With the aid of additive processes, 3D printers help create digital files with three dimensional views. 3D printing technology is based on the concept of “prototyping” that helps in the development of real usable parts & products. Disposable Medical Sensors Market to grow at 11% CAGR till 2020. The global disposable medical sensors market stood at around USD 3.9 million in 2013.
As per ongoing trends, the industry is poised to expand at a nearly 11% CAGR over the forecast period (2014 to 2020). Introduction of MEM sensor technology, cancer tracking sensors, and fiber optic technology is a vital factor that drives growth. MEM sensor technology is used to detect levels of triglycerides, glucose, and c-reactive proteins. Popularity of sensors in home diagnostics and in clinics could further augment product demand in the forthcoming years. Atrial Fibrillation Market Worth USD 16.2 Billion by 2020. The global atrial fibrillation market is projected to reach nearly USD 16.2 billion by 2020.
Growing geriatric population and rising cases of brain damage, atrial fibrillation, and strokes caused by blood clots are factors that propel the industry. People suffering from atrial fibrillation (AF) are given blood thinning & anti-clotting medicines. Based on the level of severity, this cardiovascular condition is of three types, namely, paroxysmal, persistent, and permanent. It is generally triggered by pulmonary embolus, hyperthyroidism, obesity, mitral stenosis, hypertension, and even pneumonia. People suffering from AF are five times more prone to strokes and blood clots as against those who are perfectly healthy. High incidence of heart diseases and heart failures spurs demand for minimally invasive & atrial fibrillation procedures.
Apheresis Equipment Market To Show Significant CAGR till 2020. The worldwide apheresis equipment market is anticipated to expand remarkably over the forecast period (2012 to 2020).
In 2015, the industry generated revenues worth USD 1.4 billion. The market is driven by favorable reimbursement frameworks & government initiatives. Global demand can rise considerably because of high incidence of conditions, such as blood cancer, sickle cell anemia, and hemophilia. RFID Smart Cabinets Market Worth USD 785 Million by 2020. The global RFID smart cabinets market is expected to grow at a nearly 12% CAGR during the forecast period (2012 to 2020).
The industry is poised to reach around USD 785 million by 2020. In healthcare, RFID (radio-frequency identification) is applied widely in equipment tracking and in record maintenance. Cost cutting measures adopted by healthcare institutions for effective inventory management drive demand for RFID smart cabinets. mHealth Market to Witness a CAGR of nearly 50% till 2020. The global mHealth market is poised to expand at a whopping CAGR nearly 50% over the forecast period (2012 to 2020). mHealth or mobile health involves the use of wireless devices and mobiles to offer healthcare services.
Despite considerable developments in the field of healthcare services, there are a number of issues that still persist pertaining to affordability and availability. Penetration of smartphones with 4G and 3G networks owing to urbanization & high income levels is expected to fuel the industry in the years to come. 3G & 4G LTE networks facilitate the prompt delivery of telemedicine services via speedy data transfers and video calls. Interventional Cardiology Devices Market worth $25.2 Billion by 2020.
The global interventional cardiology devices market is anticipated to reach around USD 25.2 billion by 2020.
High incidence of heart related disorders can directly impact product demand over the forecast period (2012 to 2020). Valvuloplasty, angioplasty, and coronary thrombectomy are procedures that need such devices. Key industry drivers are popularity of minimally invasive surgeries and unhealthy lifestyles that trigger the onset of cardiovascular anomalies. Also, rising cases of congenital heart diseases may positively impact the overall market in the years to come.
Excipients Market to Show Significant Growth Worldwide Till 2020. The global excipients market is propelled by surging demand for pharmaceutical products and growing geriatric population worldwide. In 2013, the industry stood at nearly USD 3.5 billion. Use of additives in generic formulations as well as in novel drugs is projected to fuel product demand over the forecast period (2012 to 2020). Excipients are inactive or inert substances that act as vehicles or mediums for APIs (active pharmaceutical ingredients). In the pharmaceutical industry, these are used as coating agents, binders, integrants, and flavoring agents in the production of tablets and capsules. High incidence of diseases and infections can positively impact the global excipients market in the years to come. Biopsy Devices Market Worth USD 2.4 Billion by 2020. The worldwide biopsy devices market is expected to grow at a nearly 6.5% CAGR over the forecast period (2012 to 2020). By 2020, the industry may report revenues worth almost USD 2.4 billion.
High prevalence of infectious diseases and serious illnesses like cancer and kidney diseases can propel demand in the years to come. The removal of body tissues to rule out the growth of abnormal cells is known as biopsy. Biopsies are conducted quite frequently these days because of high incidence of deadly diseases. Growing geriatric population is a prominent factor that may fuel the industry in the years to come. Bench-top Dental Autoclave Market Worth USD 64.3 Million by 2020. The global bench-top dental autoclave market is projected to reach nearly USD 64.3 million by 2020.
In 2015, the industry stood at around USD 43.1 million. Factors that drive the industry are high patient awareness about sterilization and growing prevalence of dental problems. Popularity of mobile & remote healthcare services could fuel the bench-top dental autoclave industry over the forecast market (2012 to 2020). Aerospace Plastic Flame Retardant Market Worth $29 Million By 2022. The global aerospace plastic flame retardant market is anticipated to reach USD 29 million by 2022. Increasing demand for plastics, because of lesser airframe weight as well as fuel savings is expected to drive market growth.
Rising air traffic and evolving security standards will also have a positive influence. The aviation industry is growing on account of new trade routes, escalating income levels, and changing lifestyles. This is fueling demand for plastic flame retardants. Aerosol Propellants Market worth USD 11 billion by 2024. The global aerosol propellants market size is projected to reach USD 11 billion by 2024. The development of high-quality propellant formulations with enhanced product dispensing capacities can drive this industry during the forecast period (2016-2024). In addition, widespread adoption of various aerosol-based personal care and household products could also positively influence the market.
Acetic Acid Market To Exhibit Healthy Growth, China To Retain Regional Dominance. According to a recent study conducted by Hexa Research, global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015 to 2022. Tumor Ablation Market To Grow At 11% CAGR From 2015 To 2022. The global tumor ablation market is likely to obtain USD 1.5 billion at a compound annual growth rate (CAGR) of over 11% during the forecast phase (2015-2022).
The major growth drivers influencing the market are the increasing occurrences of various types of cancers and the rising technical developments in the field of thermal ablation techniques. Asia Pacific is likely to experience high growth of Nitric Acid Market at CAGR of 2.8% from 2015 to 2022. According to the research study by Hexa research, Global Nitric Acid industry is estimated to see significant growth in the forecast period. North America contributed for over 40% of the global market for intelligent virtual assistant, likely to remain as the leading segment in the global market. North America Intelligent Virtual assistant functions artificial intelligence for providing automated assistance to user, it could also be in a form of 2D static character images or fully animated avatar. Digital humanlike avatar are customizable, many players in this industry offers services to change its appearance according to the user’s preference.
India And China OSS/BSS Market To Register Healthy Growth, Rising Proliferation of Telecommunications Key Driver Of Demand. Glucose Biosensors Market to Exceed USD 31 billion by 2024. Geosynthetic Clay Liner Market Worth $488 Million By 2022. Geosynthetic clay liner is a material similar to fabric. Electronic Health Records Market to Cross USD 30 billion by 2022. The growing trend of automation & digitalization in healthcare drives the global electronic health records market. Ammonium Sulfate Market Worth $30 Million By 2022. Volumes in the global ammonium sulfate market will grow at a CAGR of 2% from 2015 to 2022 (forecast period).
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