The global Home Energy Management Systems (HEMS) Market is expected to exceed USD 2 billion by 2020, according to a new study by Grand View Research, Inc. Owing to increasing energy cost coupled with growing environmental concerns, energy management has emerged as a significant priority, which is expected to fuel the HEMS market. The need to conserve and optimize energy utilization is expected to serve as a key market driver. Increased connectivity and widespread adoption of smartphones is also expected to favorably impact the market growth. Energy management products demand has gained momentum over the last few years owing to use of variable pricing schemes offered by service providers. Favorable regulatory initiatives in the U.S. pertaining to energy conservation are expected to propel regional HEMS market growth.
High installation cost coupled with system complexity is expected to pose a challenge to market growth over the forecast period. Lack of consumer awareness regarding home energy management systems and the benefits they offer may also hinder the HEMS market. Technological proliferation along with decreased sensor and display costs, improved device-level information processing capability, and roll-out of smart utility meters provide avenues for market growth. Request a sample copy or view summary of this report@ http://www.grandviewresearch.com/industry-analysis/smart-home-energy-management Further key findings from the study suggest:
0 Comments
The global Compound Management Market size is expected to reach USD 885.9 million by the end of 2026, expanding at a CAGR of 16.7%, according to a new report by Grand View Research, Inc. Growing biopharmaceutical industry and bio banking sector is fueling the market growth. The growth of translational research and personalized medicine is driving the market.
Efficient compound management is tremendously important for the success of drug discovery, where traceability, reliability, speed, and throughput are fundamental. Maintaining samples at the precise temperature, under nitrogen or dry air to prevent fluctuations of stock concentrations, and in a dark environment in order to avoid photo degradation, can help ensure consistency and longevity of samples. Compounds of a high integrity lead to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples supports the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as support the trend to provide personalized medicines. Automated storage systems eliminate or reduce the risks and provide reliable and correct environmental conditions to protect samples from precipitation or degradation. A management system like Verso tracks sample data, including location and type, enables quick and easy finding of the sample. The fully automated systems improve the process of drug discovery by eliminating error-prone and time-consuming tasks. North America dominated the market in 2018 owing to strong base of biotechnology and pharmaceutical companies in the region. These companies are involved in drug discovery activities, which, in turn, led to the growth of the market in the region. The Asia Pacific market is anticipated to grow fast over the forecast period. This is attributed to ongoing studies in private-public collaborations, drug discovery, and government initiatives in the region. Request a free sample copy or view report summary: Compound Management Market Report Compound Management Market Report Highlights
The global In-Line Uv-Vis Spectroscopy Market size is expected to reach USD 420.55 million by 2026 and is projected to grow at a CAGR of 6.57%, according to a new report by Grand View Research, Inc. Notable technological advancements in the UV-Vis spectroscopic method have accelerated the in-line monitoring of compounds using UV-Vis-spectrometry across various fields, such as environmental monitoring, materials science, pharmaceutical research, and agriculture. The introduction of advanced solutions such as enhanced silicon and InGaAs detectors & Light-emitting Diode (LED) sources have supported the adoption of this UV-Vis Spectroscopy technique, thereby driving the market.
A considerable number of research activities are conducted to evaluate the performance of spectrometry using in-line measurements across various applications. For example, in January 2017, an article was published that demonstrated the implementation of in-line UV-Vis spectroscopy for monitoring & improving Cleaning-in-Place (CIP) of whey filtration plants. Furthermore, well-established global companies in the cosmetics, beverages, and food industry demand higher standards and lower tolerance limits from the manufacturers. The expanding specifications in product quality measurements are anticipated to accelerated innovations in the market during the forecast period. Request a free sample copy or view report summary: In-line UV-vis Spectroscopy Market Report In-line UV-vis Spectroscopy Market Report Highlights
The global Vaginal Rejuvenation Market size is expected to reach USD 11.8 billion by 2026, registering a CAGR of 12.5% over the forecast period, according to a new report published by Grand View Research, Inc. Growing popularity of vaginal rejuvenation surgery due to the factors such as rising availability of treatments and focus on research studies is expected to drive the growth. A rise in disposable income coupled with reduced social stigma is expected to further fuel the market.
In addition, rising adoption of non-invasive procedures, such as treatment with the help of laser and radiofrequency technologies is anticipated to propel the market for vaginal rejuvenation treatments. Launch of fractional carbon dioxide (CO2) laser has gained popularity with promising results. It has significantly improved the lives of Vulvovaginal Atrophy (VVA) patients. This can be attributed to its non-invasive nature with reduced recovery time and better results. However, social stigma associated with gynecological treatments and stringent regulations for laser and energy-based gynecological treatments may hamper the market growth. Food and Drug Administration (FDA) has not approved for the marketing of using these treatments or devices for the treatment of various vaginal symptoms related to sexual function, urinary incontinence, and menopause among others. This factor may further hinder the growth of the market in near future. A rise in vaginal symptoms and conditions in women coupled with growing medical tourism in emerging economies of Asia Pacific is expected to create growth opportunities for the market players to launch new and innovative products for vaginal health. In addition, growing R&D activities in the field of vaginal regulation along with adoption of various growth and expansion strategies are expected drive the market. Request a free sample copy or view report summary: Vaginal Rejuvenation Market Report Vaginal Rejuvenation Market Report Highlights
The global Near Infrared Imaging Market size is expected to reach USD 373.7 million by 2026, according to a new report by Grand View Research, Inc. expanding at a 4.1% CAGR during the forecast period. The growing use of near-infrared imaging due to advantages such as minimally invasiveness and high efficiency in diagnosing various conditions is anticipated to drive the near-infrared imaging market significantly during the forecast period.
Growing incidences of chronic disorders, especially among the geriatric population is fueling the near infrared imaging market. Alzheimer’s disease, dementia, arthritis, chronic kidney disease, and diabetes, are some of the commonly prevalent diseases that require near infrared imaging for better diagnosis and further decision making for effective treatment. Expanding applications of the NIR technique in early diagnosis of various neurological conditions is expected to play a significant role in overall market growth. As per National Research University’s Higher School of Economics, neurological disorders are one of the leading causes of disability and death today. They were reported as the leading cause group of Disability Adjusted Life Years, which comprised 16.8% global deaths. Frequent introduction of technologically advanced systems is expected to have a significant impact on market growth. NIR is preferred as a process monitoring tool, especially in the pharmaceutical industry. Expanding applications of NIR in commercial operations and research activities in biopharmaceutical companies, as well as academic institutes, are expected to fuel the demand for advanced NIR systems in upcoming years. Request a free sample copy or view report summary: Near Infrared Imaging Market Report Near Infrared Imaging Market Report Highlights
The global Smart Biopsy Device Market size is anticipated to reach USD 3.72 billion by 2026, registering a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for minimally invasive biopsy procedure coupled with technological advancements in smart biopsy device is anticipated to boost the growth.
Minimally Invasive Breast Biopsy Technique (MIBT) allows diagnosis of breast cancer without taking patient to surgery, preserves normal breast tissue, and decreases the number of operations required for cancer treatment. In addition, technological advancements in MIBT, such as needle-based biopsy guns to obtain cells, core needles biopsy to obtain sample tissue, specialized biopsy device that utilize vacuum and cutting device to remove sample tissues. Thus, minimally invasive procedures such as MIBT are recommended more as compared to conventional biopsy methods due to minimal risk factor. This is projected to drive the market for smart biopsy devices in near future. Siemens Healthineers mammography system enables healthcare providers to improve their biopsy workflow as it uses 3D HD biopsy to obtain effective biopsies at a lower dose. It also offers automated breast density measurement with titanium enhanced mammography exams. Such technological advancements have improved biopsy procedure workflow by reducing morbidity. They have also increased patient satisfaction which is expected to bode well for the growth of the market. Request a sample copy or view summary of this report @ https://www.grandviewresearch.com/industry-analysis/smart-biopsy-devices-market Further Key Findings from the Study Suggest:
The global Immunoprecipitation Market size is expected to reach USD 910.0 million by 2026, expanding at a CAGR of 5.3%, according to a new report by Grand View Research, Inc. Growth of the life science sector is expected to drive the market. Technological advancements in immunoprecipitation techniques is another factor contributing to high demand.
Immunoprecipitation helps precipitate target protein from a solution by binding an antibody to that protein. This technique allows isolation and concentration of a particular protein or protein complex out of a sample of numerous different proteins. Growth in the life science industry is rising mainly due to significant investments made in the R&D sector by key players. In 2016, Merck invested around USD 286.8 million in R&D, which supported their launch of over 2,000 products. Introduction of novel products in protein purification methods has led to rapid growth in the market. For instance, in 2016, Thermo Fisher Scientific introduced a new antibody testing and verification methodology by using Immunoprecipitation-Mass Spectrometry technique. This is developed in order to assist antibody manufacturers, researchers, and other customers in identifying a suitable antibody for protein analysis. Availability of varied kits and reagents, such as antibodies, beads, and buffers is expected to increase the adoption of this technique to a great extent. Request a free sample copy or view report summary: Immunoprecipitation Market Report Immunoprecipitation Market Report Highlights
The global Lateral Flow Assay Market size is expected to reach USD 7.1 billion by 2026, expanding at a CAGR of 4.0%, according to a new report by Grand View Research, Inc. Major drivers include increase in prevalence of infectious diseases, rise in government initiatives to curb infectious and chronic diseases, rise in demand for point of care testing, and strategic mergers and acquisitions.
Rise in mergers and acquisitions by market players is anticipated to fuel market growth during the forecast period. For instance, in May 2017, Quidel Corporation announced the acquisition of AdenoPlus and InflammaDry diagnostic businesses from RPS Diagnostics for about USD 14 million. InflammaDry and AdenoPlus are rapid lateral flow based POC products used for the detection of inflammatory and infectious diseases and other conditions related to the eye. Thus, increase in strategic mergers and acquisitions to develop and expand lateral flow assays are expected to boost growth during the forecast period. Increase in government initiatives by governments to curb HIV and other communicable diseases is anticipated to create significant demand for lateral flow assays. According to the U.S. Department of Health & Human Services, the U.S. government has formed the President's Emergency Plan for AIDS Relief (PEPFAR). This emergency plan works toward prevention, early detection, and response to new as well as existing risks related to AIDS and HIV. Additionally, the National Institutes of Health (NIH) has several programs aimed at increasing research related activities pertaining to HIV/AIDS treatment and management. NIH engages in research related to prevention, diagnosis, treatment, and precautionary measures to curb HIV infection. Thus, rise in such government initiatives is expected to positively impact market potential in the near future. Rise in the prevalence of infectious diseases is also expected to propel lateral flow assay market growth in the coming years. According to WHO, there were an estimated 219 million cases of malaria diagnosed across 87 countries in 2017. Also, in 2017, 10 million cases of TB were recorded and about 1.57 million TB related deaths were recorded. Number of TB cases was the greatest in Africa and South East Asia. Rise in strategic initiatives by new market entrants to develop lateral flow assays is anticipated to facilitate easy and effective disease diagnosis. For instance, in May 2019, Mologic Ltd., announced the completion of its next generation ultra-sensitive lateral flow based technology platform. In 2016, Mologic also received funding of $9.7 million from the Bill & Melinda Gates Foundation to create a Centre for Advanced Rapid Diagnostics platform that is aimed to deliver innovation in lateral flow technology. Ultra-sensitive technology plays an important role in the diagnoses of malaria. Therefore, increase in initiatives by new market entrants to develop lateral flow assays is expected to fuel market growth. Request a free sample copy or view report summary: Lateral Flow Assay Market Report Lateral Flow Assay Market Report Highlights
The global Internet Of Things In Retail Market size is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 21.5% CAGR during the forecast period. Increasing demand for improved flexibility, multiple distribution channels, better service, and enhanced experience are expected to provide impetus to industry growth over the forecast period. The growth can be also attributed to the merging of digital and in-store operations in retail stores.
Ongoing evolutions in retail such as omnichannel shopping and rapid smartphone adoption rate are enabling retailers to create a brick-and-mortar shopping experience. Smart retailers are engaging with the right technology and making stores more interactive. Smartphones and tablets enabled with Bluetooth Low Energy (BLE) are used for product promotions, thereby encouraging social sharing. Such evolutions have led to increased spending on connected technologies to monitor products, customer behavior, premises, and supply chain. Implementation and adoption of connected technologies solutions allow retailers to analyze and monitor existing processes to enhance them with incremental investments. However, with growing IoT permeation, retailers have not been able to exploit the capabilities of IoT. Furthermore, the emergence of Machine Learning and Artificial Intelligence (AI) technologies are changing the retail scenario as they provide better insights to optimize retail execution efficiently. Retailers can accurately anticipate customer behavior, predict demand, and personalize the customer experience. For instance, retailers are predicting demand to offer product endorsements based on data received from customers. Such transformation is expected to occur over the next few years by deploying machine learning in combination with IoT technologies. Retailers are striving to gain a competitive edge through the installation of smart shelves and RFID sensors, which aid in the detection of low inventory and track products throughout the respective supply chain. IoT adoption also helps retailers in revolutionizing delivery operations and the retail supply chains. Request a free sample copy or view report summary: Internet of Things in Retail Market Report IoT in Retail Market Report Highlights
The global Spinal Implants And Spinal Devices Market is expected to reach over USD 19.54 billion by 2024 according to a new report by Grand View Research, Inc.
The key drivers of the market include the rising number of spinal injuries, increasing trend in the adoption of sedentary lifestyles, postural defects stemming from bad posture habits at work and while driving, and a large number of people suffering from obesity. In addition to the above, the introduction of the image-based spinal navigation technology, the evolution of titanium biologics, and the ongoing research on the genetically modified bone morphogenetic proteins are also expected to positively reinforce the market growth. Moreover, the increase in the geriatric population base prone to spinal disorders due to the lack of proper diet and exercise and declining bone density are also expected to fuel the market expansion over the forecast period. The rising cost of spinal implants and procedural costs are a major concern across the globe and this factor is identified as a large strain on the emerging and low-income economies. Therefore, the introduction of novel bone growth stimulators and the increasing adoption of Minimally-Invasive Surgeries (MIS) surgeries that are relatively less-expensive are expected to propel the usage of spinal implants and devices over the forecast period. With favorable government initiatives being advanced and the increasing number of investments being made by various private organizations is providing the thrust to the R&D activities pertaining to new product development and new treatment methods. For instance, the American Academy of Orthopedic Surgeons and the North American Spine Foundation, both contribute towards the growth of the spinal implants and devices market through R&D funding activities and training programs for physicians globally. Request a sample copy or view summary of this report@ http://www.grandviewresearch.com/industry-analysis/spinal-implants-spinal-devices-market Further key findings from the study suggest:
|
Archives
October 2023
|