Future Trends and Growth Analysis of Global Interactive Display Market by 2021

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The exponential rise in the internet penetration and the need for minimizing human involvement in manufacturing processes has necessitated the need for easy and reliable human-machine interaction. Interactive displays being user-friendly are increasingly finding applications in multiple verticals. Interactive displays accept user input with the help of a stylus or fingers instead of peripheral devices like a mouse. In addition to conventional touch screen devices, interactive walls, interactive kiosks, interactive monitors and interactive whiteboards are among few popular interactive display devices that have witnessed an increased adoption, especially in the developed economies like the U.S., U.K., and Canada. The main goal of such systems is to facilitate information presentation and enhance user experience. Some key parameters considered while purchasing an interactive display device include display intuitiveness, seamless interaction, ease in use of pen/stylus for interaction, and public & private privacy among others.

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The interactive display market can be categorized on the basis of product type, application, panel size, and geography. The product type category comprises of interactive walls, interactive kiosks, interactive monitors and interactive whiteboards among others. On the basis of end-use, the interactive display market is segmented into retail, education, advertising, healthcare, hospitality, travel and ticketing, industrial, military and defense, entertainment, corporate and government communication, and automation among others. Depending upon the end user interaction, interactive displays are available in different panel sizes including 17”-32”, 32”-65”, and 65” above. Geographically, the interactive display market is categorized as North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.

Growing demand for easy and flexible human-machine interaction across different end-use verticals is one of the major factors driving the interactive display market. In addition, advancements in fundamental technologies involved in human-machine interaction are further fueling market momentum. Several industries worldwide are moving towards automation of various business processes which makes the flexibility and accessibility offered by interactive systems appealing. The decreasing price of the interactive display devices coupled with the popularity of HD displays promotes the market. The market also face challenges in the form of installation and maintenance issues and privacy issues. However, in spite of these obstacles, the interactive display market also presents many opportunities for growth. The education sector offers a sound opportunity for growth, especially for interactive whiteboards which are expected to witness increased adoption in the latter half of the forecast period. Further, integration of interactive display systems with other systems such as voice recognition systems in the car, GPS systems, and audio integration in 3D advertising provide bright opportunities for future market growth.

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Some of the major players in the interactive display market include Samsung Display Co., LG Display Co., Ltd., Planar Systems Inc., GestureTek Inc., and NEC Display Solutions Ltd. among others. Key vendors in the interactive whiteboard market include BenQ Corp., Hitachi Ltd., Sharp Corp. and Seiko Epson Corp. In case of interactive walls, Koninklijke Philips N.V., NEC Display Solutions are some of the major players.

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Future Key Analysis and Industry Trends of Wiring Devices Market by 2021

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Wiring devices refers to any electrical devices that are used to provide and control connection points or joining points for low voltage lighting control systems, electrical sockets and wall switches. Wiring devices includes current carrying wiring devices and non-current carrying wiring devices. Current-carrying wiring devices market is highly variable depending on certain factors such as consumer purchasing power, growth in GDP, economic conditions and overall health of domestic construction and housing industry. Non-current carrying wiring devices contains boxes, plates, conduit and fitting, among others. The electrical conduits are used to protect the electrical wiring from weather conditions and mechanical injury.

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Wiring devices market can be segmented on the basis of products and geography. Based on the products the wiring devices market can be categorized into receptacles, light dimmer, lamp holders, metal contacts, electric switches, wire connectors and other current carrying devices. Switches are used for controlling inductive and resistive loads mostly in the electric discharge lamps. Increasing use of electronic switches in construction and residential industry is one of the factors which is driving the growth of wiring devices market across the globe.  The automated electronic switch owing to a number of features are widely being used in residential, construction and institutional occupancies. For instance, the fully automated lighting control system allows outdoor or indoor light to be operated remotely from any point within the system containing receiver and controller. The technological displacement in the field of wiring devices is expected to fuel the market growth. The company such as Schneider-electric is offering self-powered and wireless switches which allow instant installation and location flexibility. These switches are deprived of batteries which result in low maintenance and low running cost. These switches are self-powered and scavenging ambient energy powers the switches.

Construction activity, consumer spending and private spending are expected to increase over the forecast period owing to the rising number of households which in turn is expected to stimulate the market growth. The boost in industries such as tourism, hotel and real estate will furthermore trigger the demand of wiring devices market owing to the huge investment in current carrying wiring devices. Moreover, the increasing use of light dimmers are expected to fuel the market growth due to the energy efficient nature of the light dimmer. The light dimmer is increasingly used for limiting the brightness of the light. The dimmer light switch can be controlled with the help of knob which ultimately results in energy efficiency. Increasing regulations for use of tamper resistant receptacles in the developed economies are expected to fuel the market revenue. National Electrical Manufacturers Associations (NEMA) and U.S. General Service Administration (GSA) are focusing on the extensive use of straight-blade and locking-type receptacle and plug caps and temper-less receptacles for safe usage of wiring devices.

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Some of the key players in this marketplace include ABB Incorporated, Cooper Industries plc, Eaton Corporation, Hewlett-Packard (HP) Development Company L.P., Hubbell Inc., Legrand Group, Leviton Manufacturing Co Inc., OREL Mfg. (Pvt.) Ltd., Schneider Electric SA, and SMK Corporation, among others.

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Future of Wireless Sensor Networks for Environmental and Agricultural Monitoring Application Market by 2024

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Wireless sensor networks comprises number of sensors and they are interlinked with each other to perform similar function. Wireless Sensor Networks play an important role in Environmental and Agricultural Monitoring Application to monitor, inform, and offer granular control of agriculture and environment situations in real-time. The integration of sensors with wireless technology helps in monitoring environmental characteristics such as barometric pressure, atmospheric humidity, underground water level, wind direction, rainfall, and wind speed, allowing end-users located remotely to manage this information.

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Increasing population, industrialization and innovative agricultural activities drive the Wireless sensor networks market. These networks help to monitor the changing environmental conditions due above factors. It also helps to manage air, water and soil pollution by providing valuable insights through sensor network. The Integration of wireless sensor networks and combined with big data processing and cloud computing offers opportunity to achieve easy-human-system interaction. High cost of the wireless technology and uncertainty over reliability of wireless systems are the biggest challenges faced by this market.

The Wireless Sensor Network for Environmental and Agricultural Monitoring Application market is segmented on the basis of Type of Sensor, Wireless Technologies and Geography. The Wireless Sensor Network for Environmental and Agricultural Monitoring Application market is segmented on the basis of type of sensor such as physical sensors (humidity sensors, temperature sensors, pressure sensors, acoustic sensors, and so on), mechanical sensors (proximity sensors, position sensors, motion sensors, and so on), and chemical sensors (gas sensors, bio-sensors, and so on) The Wireless Sensor Network for Environmental and Agricultural Monitoring Application market is segmented on the basis of wireless technologies such as Wi-Fi, Wimax, Zigbee and Bluetooth. The Wireless Sensor Network for Environmental and Agricultural Monitoring Application market also segmented on the basis of geography including North America, Asia Pacific, Europe, and Rest of World (ROW).

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Some of the key players in the wireless sensor for environmental and agriculture monitoring application market include American Sensor Technologies, Inc., (U.S.), Avir Sensors, (U.S.), YSI Incorporated, (U.S.), Coastal Environmental Systems, Inc., (U.S.), E.S.I. Environmental Sensors Inc., (Canada),  STMicroelectronics (Switzerland), and Atmel Corporation, (U.S.).

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Defense Robotics Market : Global Industry Analysis and Opportunity Assessment by 2021

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Most of the countries utilize the defense robotic system or are in the process of acquiring or building the technology to incorporate into military programs. These robots are used in form of unmanned aerial vehicles (UAVs), unmanned group vehicles (UGVs) and unmanned underwater vehicles (UUVs). Unmanned group vehicles are robots that move on wheels or tracks and perform the function of sentry duties and examine the potential hostile location. Unmanned aerial vehicles are essentially remotely controlled or automated robots. The use of all these robotic system includes same purpose of replacing or supplementing human in battlefield situations. Deployment of autonomous or semi autonomous robotic system in the battle field helps in improving the military efficiency, operational performance and accuracy.

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Defense robotics has many advantages, the important one being performance similar to human being without danger of human casualties. Robots can endure damage done by bombs or other types of weapons that can destroy the human body. Another advantage includes various sizes of robots which enables them to fit into spaces that are not accessible for humans. Other advantages include transportation, drones and bomb disposal. The defense robotic system market across the globe is expected to show a substantial growth with a single digit increase in CAGR by the year 2019. The growth is due to the procurement of robotic vehicles for control, communication, simulation, training and other applications for military purposes.

The market for defense robotics system is driven by factors such as desire to reduce the casualties in the field of operation and reduce the military spending. Development in the field of computer programming, sensing technology and material science help to create more advanced tools. Some of the factors restraining the market growth include reduced spending on defense system due to weak economic conditions, and high cost required in manufacturing of robots. Technological availability is enabling diverse applications of robots besides improving the effectiveness and efficiency of the system. Applications such as border patrolling are creating an increasing demand for UAVs and UGVs in countries such as Israel, South Korea, China and United States.

The segmentation of defense robotics market can be done on the basis of product type, application and geography. On the basis of product type, the market for defense robotics can be segmented as unmanned group vehicles (UGVs), unmanned underwater vehicle (UUVs) and unmanned aerial vehicles (UAVs). On the basis of applications, the market can be segmented as simulation, control command and security, training and others. Global defense robotics market can also be segmented based on geographical markets as North America, Europe, Asia Pacific and Rest of the world. North America is the most technological advanced region in defense robotic system and Asia Pacific represents a strong opportunity due to the availability of technology in countries including China, Japan and India.

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Some of the players in the defense robotics market include iRobot Corp., Allen-Vanguard Corporation, Honeywell Aerospace, GeckoSystems Intl. Corp., Honda Motor Co. Ltd., Bluefin Robotic Corp., AB Electrolux, Deep Ocean Engineering Inc., ECA Hytec SA, McArtney Group, Fujitsu Ltd., Toyota Motor Corp., AeroVironment, Lockheed Martin and others.

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PMR Report – Global Multirotor Drones Market Will Continue to Generate Major Revenue by 2021

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Multirotor drones are primarily unmanned aerial vehicles (UAVs) which make use of multiple rotors for achieving flight and tactical maneuvering. Traditional drones with single or double rotors make use of variable pitch rotors to achieve flight stability and control. Due to the requirement of movable or adjustable rotors, traditional drones are complex in design and costly to manufacture. Multirotor drones make use of numerous fixed rotors and achieve flight control through variable relative speeds of different rotors. Thereby, multirotor drones offer simplicity in design and ease of use in various short physical range applications. Owing its compact size and ease of control, multirotor drones have witnessed immense popularity in commercial, government and personal applications. In addition to its ease of accessibility to remote places, these drones can serve various other functions by carrying various payloads. With an integrated camera, these drones can be used for image capturing and video recording at inaccessible, remote or hazardous places. Thereby, multirotor drones have found numerous applications including surveillance, traffic monitoring, and physical location monitoring. Furthermore, with the use of various sensors, multirotor drones have witnessed immense applications in the field of chemicals, nuclear and radioactive materials. Thereby, multirotor drones are widely adopted in various end-use industries including government and defense, chemicals, environmental research, infrastructure and construction, and media and entertainment.

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One of the major factors driving the growth of multirotor drones market is the increasing need for quick access to mission critical locations. Multirotor drones have offered a viable solution in applications where it is imperative to access and monitor a site or a situation. With the ease of use and simplicity in design, multirotor drones have gained immense popularity in such applications. Another factor driving the growth of this market is low product and maintenance costs. Due to the affordability factor, multirotor drones have witnessed tremendous acceptance across the world. Low initial investments and ease of deployment have made multirotor drones an integral part of various aerial shooting, surveillance, and monitoring systems. Despite its immense benefits, the growth of the multirotor drones market faces a few restraints due to stringent airspace regulation and other privacy issues. Furthermore, limited law enforcement budgets and lack of skilled personnel are further hindering the growth of this market.

Increasing opportunities in automatic tracking systems have made the multirotor drones market lucrative in recent years. Existing players in this market seek to incorporate various payloads including sensors, cameras and communication technologies in their multirotor drones to achieve increased adoption and enhanced scope of applications. Multirotor drone providers seek to address various innovative applications such as sports coverage, agriculture, environmental inspection, wildlife monitoring, infrastructure management and other personal amusement applications. Thereby, multirotor drones are set to witness increased demand from various commercial and military applications.

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Some of the key players in the multirotor drones market include AeroVironment, Inc., SZ DJI Technology Co., Ltd., Microdrones GmbH, Israel Aerospace Industries Ltd., 3D Robotics, Inc., Aibotix GmbH (a subsidiary of Hexagon AB), Draganfly Innovations, Inc., CYBERHAWK Innovations Ltd., and Aeryon Labs, Inc.

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High Voltage Cables and Accessories Market to Record an Impressive Growth Rate by 2021

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The high voltage cable systems consist of high voltage cables such as mass impregnated (MI), cross-linked polyethylene (XLPE), bare conductors and accessories such as cable joints and terminations. High voltage cables are shielded cables that are mainly used for power transmission at high voltage. They are made up of conductor, conductor shield, insulator, semi-conducting insulation shield, metallic insulation shield, and sheath.XLPE and MI are used generally for underground as well as underwater cable systems. High voltage and accessories are combined together in order to transport electricity at long distances. The cables and accessories undergo relevant type of tests according to national as well as international standards, such as duration tests in order to prove completely functional cables or for the detection of faulty ones.

High Voltage Cables and Accessories Market:

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The medium voltage cables generally operate in the range of 10 to 33 kV and those above 50 kV are the high voltage cables. Short high voltage cables are used in devices, while longer cables are used in buildings, as underground cables in industrial plants and for power distribution. Further, very long cables are used in applications such as submarine for underwater power transmission. High voltage cables are used in variety of applications such as in instruments, AC and DC power transmission and ignition systems. All these applications require highly insulated cable which must not deteriorate because of high voltage stress. The cables should prevent the contact of high voltage conductor with objects or persons, and must control the electric current leakage. Power transmission is considered as a critical area of investment in all key regions, worldwide. The power industry is in need for advanced transmission networks for power transmission in order to have good connections between the mainland stations and shores. Globally, it is expected that millions of circuit kilometers of new transmission lines are to be added in the near future. There are many advantages of using high voltage cables and accessories for power transmission which includes reduced line current for particular amount of power, better efficiency, and improved voltage regulation.

There are various factors which are considered as the major drivers for the growth of high voltage and accessories market. Most of the national transmission networks worldwide are old and have become less effective and efficient. Therefore, the growing demand for advanced technologies for reducing power cut and increasing efficiency of power transmission are boosting the need for high quality cables as well as accessories. Governments, private manufacturers & service providers, are significantly integrating their existing technologies with high voltage transmission systems in order to increase the capacity. Other factors include the growth of offshore wind farm activities, grid interconnections and high voltage transmission links which in turn are aiding the growth of high voltage cables and accessories market.

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The leading players of high voltage and accessories market include, Prysmian Group, ABB Ltd., Sumitomo Electric Industries, Ltd., NKT Cables, Nexans, General Cable Corporation, Brugg Kabel AG, Encore Wire Corporation, The Kerite Company, General Cable Corporation and Finolex Cables Ltd. (India).

Key geographies evaluated in this report are:

  • North America
    • U.S
    • Canada
  • Europe
    • France, Germany, Italy, Spain, and the UK
    • Eastern Europe
    • CIS
  • APAC
    • China
    • India
    • Japan
    • Australia
    • Others
  • Latin America
    • Argentina
    • Brazil
    • Others

Key features of this report

  • Drivers, restraints, and challenges shaping the High Voltage Cables and Accessories market dynamics
  • Latest innovations and key events in the industry
  • Analysis of business strategies of the top players
  • High Voltage Cables and Accessories market estimates and forecasts(2015 -2021)

Global Regenerative Therapies Market to Raise at a CAGR of 20.0% During the Forecast Period 2016 – 2022

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According to the latest market report published by Persistence Market Research, titled ‘Global Market Study on Regenerative Therapies: Asia Pacific & Japan to Witness Highest Growth by 2022’, the global regenerative therapies market is expected to expand at a CAGR of 20.0% during the forecast period 2016 – 2022.

The market is segmented based on tissue type, application type, end user type, and region. On the basis of tissue type, the overall market has been segmented into allografts, xenografts, and alloplasts. On the basis of application type, the market has been segmented into soft tissue repair, cardiovascular, dental, orthopedic, CNS disease treatment, and others, which include diabetes, autonomous diseases, ocular, and oncology. On the basis of end-user, the market has been segmented into hospitals, ambulatory surgical centers, and educational institutes. By tissue type, the allografts segment is expected to remain the largest segment, registering the highest CAGR of 22.8% in terms of value, over the forecast period. The long-term effectiveness of the treatment and higher its higher biocompatibility with the patient is expected to contribute to the rise in its popularity over the forecast period. The allografts tissue type segment is expected to reach a market value of US$ 11,633.2 Mn by the end of the forecast period. The allografts tissue is also expected to emerge as the most preferred tissue type for both patients and physicians, globally, over the forecast period. The second most popular tissue type choice is xenografts, which are basically prepared by using various animal tissues.

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On the basis of the application type, the market has been segmented into soft tissue repair, cardiovascular, dental, orthopedic, CNS disease treatment, and others (which includes diabetes, autonomous diseases, ocular, and oncology). Currently, a majority of the patients and surgeons globally prefer regenerative therapies for orthopedic, soft tissue repair, and cardiovascular problems.

On the basis of the end user segment type, the market has been segmented into hospitals, ambulatory surgical centers, and educational institutes. Currently, hospitals are the most preferred option for patients globally.

On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific & Japan, and the MEA regions.

Rising per capita healthcare expenditure and contribution to GDP, increasing funding & government support for the development of regenerative therapies, as well as surge in incidences of chronic diseases are major factors driving the growth of the global regenerative therapies market currently.

Other trends driving the market growth include industry maturation, advancements in technology, and increasing demand for long-term results and shorter-time therapeutic procedures by patients. However, the market is expected to observe regulatory re-establishment with an increase in regenerative procedures and standardization of therapies over the forecast period.

The absence of standard regulations and legislations is leading to the invasion of many local players in both the developed and emerging regions. Moreover, high gestation period and time-to-market due to lengthy clinical trials, a large number of product recall within a short span post-approval, and lack of financial-backing by smaller firms are among the major factors hampering the growth of regenerative therapies market currently.

This report assesses trends driving each market segment and offers analysis and insights about the potential of regenerative therapies in specific regions. North America market is estimated to dominate the overall regenerative therapies market, accounting for a maximum value share of the global market by the end of 2016. By 2022, North America and Europe markets are expected to account for over three-fourth revenue share of the global regenerative therapies market. In terms of value, North America is estimated to be the dominant market, expanding at a CAGR of 19.7% over the forecast period.

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Some key companies covered in this report include Acelity L.P. Inc., Mesoblast Ltd., Nuo Therapeutics, Inc. (Cytomedix), Astellas Pharma US, Inc., Organovo Holdings Inc., Orgenesis Inc., Sanofi, Athersys, Inc., Shire Pharmaceuticals Limited, and Cytori Therapeutics Inc. These companies are primarily focused on enhancing their product portfolio through R&D and on the introduction of innovative and cost-effective regenerative therapies in order to gain higher market share and to strengthen their respective position in the global regenerative therapies market.

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Global Hemoglobinopathy Market to Exceed Valued at US$ 788.2 Mn by the End of 2024

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In a new report titled “Hemoglobinopathy Market: Global Industry Analysis and Forecast, 2016–2024”, Persistence Market Research analyzes the performance of the global hemoglobinopathy market over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024). In terms of revenue, the global hemoglobinopathy market is projected to register a healthy CAGR of 8.3% over the forecast period owing to various factors, on which Persistence Market Research offers detailed insights.

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Most health insurance companies, including government programs in the U.S. and Europe provide insurance coverage for hemoglobinopathy therapy under the CPT code. This creates a favorable environment for the growth of the global hemoglobinopathy market. Various government initiatives are being carried out for detection and management of hemoglobinopathy in high disease prevalence regions across the globe, giving a fillip to the global hemoglobinopathy market. Advancements in diagnosis techniques have led to the development of new tests that have enabled clinicians to provide effective diagnosis and therapeutic assistance to patients. Rising awareness about these disorders coupled with various public and private initiatives is also fueling the growth of the global hemoglobinopathy market in the regions with a high prevalence of sickle cell anemia and thalassemia.

Lack of awareness regarding hemoglobinopathy disorders among the populace especially in underdeveloped countries is a major factor hampering growth of the global hemoglobinopathy market. The lack of a permanent cure for hemoglobinopathy disorder is also one of the restraints affecting the global hemoglobinopathy market. 

The global hemoglobinopathy market is segmented based on indication type, test type, end users, and region. Based on indication, the market is segmented into sickle cell disease, alpha thalassemia, and beta thalassemia. Beta thalassemia segment is expected to register a significant CAGR of 8.7% during the forecast period. Sickle cell disease segment is anticipated to grow with a CAGR of 8.3% over the forecast period.

The market has been segmented based on major types of diagnostic tests such as red blood cell (RBC) count test, genetic testing, hemoglobin by high performance liquid chromatography (HPLC) test, hemoglobin isoelectric (Hb IEF) focusing, hemoglobin electrophoresis (Hb ELP) test, and hemoglobin solubility test. The genetic testing segment is expected to expand at the highest CAGR of 9.2% over the forecast period due to increasing adoption of preventive measures such as genetic counseling and testing. Increasing popularity of prenatal and premarital genetic screening make these tests an attractive opportunity for market players.

Based on end users, the market has been segmented into hospitals, diagnostic laboratories, and clinics. The diagnostic laboratories segment is anticipated to account for the highest market share over the forecast period, registering a CAGR of 8.9% due to availability of dedicated equipment, reagents, and trained technicians required to perform rather complex diagnostic procedures like genetic testing, Hb HPLC, and isoelectric focusing.

The global hemoglobinopathy market has been segmented into five major regions: North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). North America and Europe are expected to dominate the global hemoglobinopathy market with maximum market share in 2016. North America and Europe collectively have been expected to account for more than 50% of the total global hemoglobinopathy market share in terms of value in 2016. Among emerging markets, Asia Pacific is estimated to exhibit the highest CAGR of 9.3% over the forecast period, due to an increase in the diagnosis rate.

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Some key players in the global hemoglobinopathy market identified in the report include Abbott Diagnostics, Bio-Rad Laboratories Inc., Danaher Corporation, Mindray Medical International Ltd., Nexcelom Bioscience LLC., Nihon Kohden Corporation, PerkinElmer Inc., Siemens Healthineers, and Sysmex Corporation. The individual strategies of these companies in terms of increasing focus on rare diseases, initiatives to increase disease awareness, and enhancing distribution base have been discussed. The report concludes with strategic recommendations for players already present in the market and new players planning to enter the global hemoglobinopathy market, which could help them in the long run.

Future of Global Critical Care Diagnostics Market : 2016 – 2024

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Critical care diagnostics is primarily associated with intensive care of patients dealing with life threatening conditions, which especially require sophisticated invasive monitoring devices alongside other monitoring and life support systems. The need for critical care diagnostics is growing due to growing demand for rapid diagnosis and treatment and especially the rising geriatric population globally. Currently, the U.S. is the key country contributing towards critical care diagnostics market, where the quality of life of the patients with painful symptoms that are difficult to manage have become manageable. In addition, the market for critical care diagnostics is expected to grow at a healthy rate in the next few years. Moreover, lack of skilled personnel and the higher cost of these diagnostic equipment can prove to be a restraining factor for the overall growth of this market especially in low to medium income countries of the world.

Some of the critical care diagnostic tests such as microbial and/or infectious disease tests, allow physicians to identify and isolate microorganisms/bacteria rapidly and accurately in a short time span of time. These tests further guide the concerned physicians to react immediately for proper treatment using the right antimicrobial treatment without any delay and terminate the use of preventable drugs. In addition custom chemicals and new technologies has to be incorporated to result high performance, fast response time, and cost-effective devices. There are different type of critical care diagnostics that are available world over such as flow cytometry, coagulation testing, routine and special chemistry, hematology, immunoproteins, microbial and infectious diseases, and others.

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Furthermore, microbial and/or infectious disease tests segment is expected to witness fastest growth rate in the near future. This is majorly attributed to the ability of these tests to diagnose a large number of patients rapidly and accurately with chronic infections. Certain medical procedures and conditions can increase the use of different critical care diagnostic tests in different parts of the world. Critical care diagnostics are expected to grow at a high rate owing to increase in geriatric population. Moreover, scientific improvements, and increase in number of patients worldwide will also support market growth.

The critical care diagnostics market can be segmented based on type of tests, end-users, and geography. Based on test type, the critical care diagnostics can be categorized into flow cytometry, immunoproteins, hematology, special chemistry, microbial and infectious diseases, coagulation testing, and others. Based on end users, the market can be segmented into surgery and/or operation units, emergency units, intensive-care unit (ICU) and others.

Globally, North America was observed to be the largest critical care diagnostics market due to extensive use of such tests alongside large number research and development activities in the region. Additionally, the U.S. and Canada have been successfully utilizing several critical care diagnostic tests, which as a result would boost the market growth. Moreover, presence of well-established healthcare organization, government initiatives in implementing critical care diagnostics and improving reimbursement scenario would further boost market growth. Moreover, Europe was witnessed to be the second largest market in the critical care diagnostics owing to enhanced healthcare processes and implementation of high healthcare concerns in the region.

Asia Pacific was observed to be the fastest growing regional market globally. The major factor that would drive the growth of the critical care diagnostics market in Asia Pacific include increasing number of patients, and rising use of telehealth and remote communications between diagnostics and laboratories in the region. China and India are the top emerging countries in the region and hence would increasingly contribute towards the market growth for critical care diagnostics. In Latin America, Mexico and Brazil are the countries that have significant potential for growth due to developing medical organization, and rising disposable incomes.

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Key players operating in the global critical care diagnostics market include Abbott Laboratories, Alere, Inc., Beckman Coulter, Inc., Becton Dickinson and Company, Bayer AG, F. Hoffmann-La Roche Ltd. and Siemens Healthineers among other significant players.

Wireless Ambulatory Telemetry Monitors Market is Expected to Gain Popularity Across the Globe

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Ambulatory telemetry is a type of heart monitoring. It uses lightweight, portable equipment to record heart’s electrical activity during daily activities. Monitoring can last for a few days to several weeks. The goal of ambulatory telemetry is to discover if symptoms such as dizziness, shortness of breath, chest pain, or fainting are caused by a heart rhythm problem. An electrocardiogram (ECG or EKG) is unable to reveal the source of symptoms and a longer test may be needed. The telemetry monitoring device market includes wireless patient worn monitors. Telemetry monitors have traditionally been used for monitoring one or two parameters. However, recent advancements have enabled these devices to monitor three or four parameters of the heart on an average. The patient worn monitors allow for continuous monitoring of ambulatory patients within the area of coverage. Signals from the patient worn device are transmitted to a central station where nurses can monitor patient’s vital signs. Wireless ambulatory telemetry is most commonly found in cardiac care areas, including stroke units, coronary care units, step and step down units.

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Over the forecast period, the global wireless ambulatory telemetry monitors market will continue to witness moderate growth driven by a prevalent interest to invest in patient-worn monitors across unmonitored, low-acuity hospital settings. Acute care areas where telemetry is seeing increased adoption include the recovery and general care floors, where continuous monitoring helps to reduce avoidable complications, as well as critical care settings, such as the cardiac care unit (CCU). On the other hand, new efforts to combat excess workload on hospital resources and alarm fatigue are expected to limit future growth of wireless ambulatory telemetry monitors through 2024. Wide expansion in the number of technologies that are used for patient ambulatory telemetry and wireless medical device instrument are booming in the healthcare industry globally which is anticipated to drive growth of the global wireless ambulatory telemetry monitors market growth during forecast period.

The global wireless ambulatory telemetry monitors market is segmented on the basis of application into Emergency department, ICU stepdown, Cardiac unit, Neuroscience unit and others. Hospitals have discovered that telemetry systems have broad applications, from the emergency department where incoming patients with suspected cardiac abnormalities can be monitored without necessarily tying up a monitored bed, to neuroscience units where ECG telemetry can be useful in caring for stroke patients.

Geographically, wireless ambulatory telemetry monitors market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The wireless ambulatory telemetry monitors market is currently dominated by North America region in terms of value and volume owing to the presence of a large number of global players in the region. Moreover, technological advancements in the wireless ambulatory telemetry monitors is also expected to boost growth during the forecast period. Similarly, Asia Pacific is expected to witness high growth in wireless ambulatory telemetry monitors market due to rising awareness among healthcare professionals about the need for wireless ambulatory telemetry monitors, & rising healthcare expenditures coupled with increasing focus of global players in the countries like India and China. The market will typically witness a higher growth rate in countries such as the Germany, Spain, U.K., Italy and France. The wireless ambulatory telemetry monitors market in the Germany is developed and well-established, and is comparatively easy to enter, making the wireless ambulatory telemetry monitors market in the country stronger than in any other European countries.

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Major players operating in the global wireless ambulatory telemetry monitors market include Philips Healthcare, GE Healthcare, Mindray Medical, Natus Medical, Welch Allyn, Omron Healthcare, Nihon Kohden, Spacelabs Healthcare, Nonin Medical, Boston Scientific to name a few.