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Global High Performance Alloys Market is expected to reach USD 11.34 billion by 2024

Global High Performance Alloys Market is expected to reach USD 11.34 billion by 2024. High performance alloys is also termed as super alloy that are resistant to thermal creep deformation, excellent mechanical energy, resistance to oxidation or corrosion, and suitable floor stability. These alloys have chemical and superior physical properties as compared to standard alloys. Industries for enhanced operational performance such as power generation, oil and gas and many others mainly use high performance alloys. The high performance alloys market is estimated to grow at a significant CAGR of 4.7% over the future period as the scope and its applications are rising enormously across the globe. ​ High resistance to heat and corrosion, raising demand from end-use manufacturers in emerging countries, growing industrialization, and increasing technological enhancement are documented as major factors of high performance alloys industry that are estimated to enhance the growth in the years to come. High performance alloys industry is segmented based on type, product type, material type, application, and region. Cast alloy and wrought alloy are the major types that could be explored in high performance alloys in the forecast period. Super alloys, non-ferrous metal, refractory, platinum group, and other product types could be explored in high performance alloys in the forecast period. The non-ferrous sector estimated to lead the overall market with largest share. As, recycling capabilities and high consumption of non-ferrous scrap in industrial activities. In terms of volume, the high performance alloys market is estimated to grow at highest CAGR of 4.0% in the future period. Brass, nickel, lead, zinc, copper, aluminum, and tin are the non-ferrous alloys. The alloys of these metals have outstanding thermal stability, lighter in weight, resistant to corrosion, malleable, and gives eminent strength at high temperature. Material required for high performance alloys are magnesium, aluminum, titanium, and others that could be explored in the foremost period. Others segment includes molybdenum, nickel, and cobalt. The high performance alloys industry may be categorized based on applications like electrical & electronics, aerospace, oil & gas, industrial gas turbine, automotive, industrial, and others. Aerospace sector accounted for the largest market share. This may be because of high demand for materials that can resist high temperature and have a projecting strength-to-weight ratio. These alloys are used to manufacture aircraft components like rings and airframe parts, blades, engine cases, disc, and others. Globally, North America accounted for the largest market share of high performance alloys market and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand from aerospace & defense industry and rebuilding of the oil & gas industry. In addition, elevating fuel efficiency and reducing emissions and presence of component manufacturers and significant aircraft will positively affect in the overall market growth. The United States is a major consumer of high performance alloys in this region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, in terms of revenue, Asia Pacific is estimated to grow at fastest pace with the highest CAGR of 5.9% in the foremost period. The aspects that may be ascribed to the growth comprise expanding aerospace industry, raising production of automobiles, and increasing gross domestic product (GDP) of the developing countries. The developing countries like India and China are the major consumers of high performance alloys in this region. The key players of high performance alloys industry are SMPO-AVISMA Corporation, Ape ram SA, Timken Company, Alcoa Inc., Precision Castparts Corporation, Allegheny Technologies Incorporated, Out okumpu, Carpenter Technology, Hitachi Metals Ltd., and Haynes International Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. Browse full research report: https://www.millioninsights.com/industry-reports/high-performance-alloys-market Download free request sample: https://www.millioninsights.com/industry-reports/high-performance-alloys-market/request-sample

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Green building materials market applications : Framing, Insulation, Roofing, Interior Finishing, Exterior Siding

Global Green Building Materials market is anticipated to reach USD 364.6 billion by 2022. In Green Building Materials, the recycled products are mainly used as a material, which improve the quality of life and production environment. These materials helping conservation of non-renewable properties and decrease environmental influence related to processing, fabrication, installation, recycling of building materials, disposal, and transportation. To address several environmental challenges the green building materials are working in construction industry, comprising natural resource depletion, loss of biodiversity, atmospheric pollution, contamination of fresh water resources, and anomalous climate change. ​ In-Depth research report on Green Building Materials Market : https://www.millioninsights.com/industry-reports/green-building-materials-market In addition, the low maintenance and operational pressure and costs of environmental regulations relating to productions are the key factors that propel the green building materials industry worldwide. On the other hand, irregular application of energy guidelines and extremely price-sensitive customers may restrain the growth of market. The green building materials market is anticipated to grow at a significant CAGR of 11.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Green building materials industry may be explored by type, applications, and geography. The market may be explored by product as Structural, Interior, Exterior, and Others. Amongst the products, structural products segment accounted for 60%. This segment is anticipated to raise at a CAGR of 11.4% over the upcoming period. Green building materials market may be explored by application as Framing, Insulation, Roofing, Interior Finishing, Exterior Siding, and Others. The “Insulation” segment is projected to reach 85.9 billion by 2022. However, high stages of energy maintenance, and growing construction activities in the commercial and residential sector are anticipated to help in the development of this sector in the upcoming period.

Moreover, Roofing segment is the second foremost market; followed by framing segment in the years to come. Increasing acceptance of non-toxic recycled rubber roofing owing to its superior durability and weather-resistance is anticipated to propel the demand for roofing products in the forecast period. North America has been at the forefront with regards to green building materials industry and will continue to rule the roost in the years to come. The North America estimated to account for the major share of 35% of the global volume in 2016. The region is estimated to continue to be a foremost user over the forthcoming period. This inclination is anticipated to remain in the upcoming period due to the construction codes and promising policies regarding usage of products in the building manufacturing, coupled with growing transformation and innovation activities. Some of the key players that fuel the growth of the green building materials market include Interface, AMVIC Building Systems, Alumasc Group Plc, Binderholz GmbH, BASF SE, and Bauder Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. Download free request sample: https://www.millioninsights.com/industry-reports/enterprise-content-management-ecm-market/request-sample

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Enterprise content management (ECM) market size is expected to value USD 93.76 billion by 2025

The global enterprise content management (ECM) market size is expected to value USD 93.76 billion by 2025. The ECM market is subject to witness a substantial growth due to the ever growing demand to safeguard highly confidential information and allow high-level of operational efficiency. Moreover, numerous governmental schemes associated data security are further escalating the need for enterprise content management software, subsequently, driving growth of the market.Soaring volumes of data on web server are heightening the importance of enterprise content management software to carry out business processes such as storage, management of data sets, and sharing of information through videos and audio clips, and are responsible for fueling the market value. Growing preference toward cloud services is substantially influencing the market size on global-scale. Globally, the enterprise content management (ECM) market is predicted to grow at a CAGR of 15.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the enterprise content management market. Multiple software providers are offering automated data security services that allows easy management to encrypt crucial data such as financial reports to avoid illegal access. Though, growing concerns related to the higher initial cost and maintenance cost in vendors is hampering progress of the enterprise content management industry. Lack of internet penetration mainly in emerging economies is also major obstacle for market growth. Browse full research report: https://www.millioninsights.com/industry-reports/enterprise-content-management-ecm-market Enterprise content management (ECM) is responsible for reiterating the phrase of content management by supplementing specific a timeline at each level of enterprise content process that involves content creation, authorization and redistribution. Enterprise content management (ECM) consists of different techniques to import content for bringing latest set of items under the overall management processes and enable use of these of these items. The most important property of the enterprise content management (ECM) is that awareness about the kind of content is created and distributed along the way by keeping track of enterprises process at each level of operation. This completely sets it apart from conventional content management system. Enterprise content management (ECM) allows to streamline the complete document lifecycle with the help of advanced document management and automation of workflows. It is suitable for number of file systems that includes office suites, image files, e-mail, and CAD i.e. computer aided designs. It becomes essential for any enterprise that is utilizing large volumes of content to carry a well-defined enterprise content management (ECM) system in order to completely eliminate operational incapacities, minimize operational cost and stick to regulatory terms and conditions. Enterprise content management (ECM) systems are deliberately divided into five key components such as capture, manage, stock, reserve and distribute, to achieve enhanced performance level. Each component is responsible for the performing specific tasks as defined. The capture component is responsible for generating data by transforming simple on-paper information into a readable electronic format, while arranging obtained data into structured format. Also, manage component offers safe connection, modification and employing data set by means similar to data management, linked software, web-content management and records management. The ECM industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in adoption of latest technologies and presence of prominent market players. Asia-Pacific region is predicted to hold major market share in the enterprise content management (ECM) industry with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with number of government initiatives for data privacy and security. Additionally, Latin America has shown substantial growth opportunities due to soaring implementation of enterprise content management by small and medium-sized enterprises (SMEs).The prominent players in the enterprise content management (ECM) market are IBM Inc., HP Enterprise, M-Files Co., Microsoft Co., New gen Software Solutions, Open Text Co., Oracle Co., and Xerox Co. ​ Download free request sample: https://www.millioninsights.com/industry-reports/enterprise-content-management-ecm-market/request-sample

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Global 3D scanning market is anticipated to reach USD 8.04 billion by 2025

Industry Insights

The global 3D scanning market size was valued at USD 3.32 billion in 2015 and is anticipated to reach USD 8.04 billion by 2025. The 3D scanning market is anticipated to experience a robust growth on account of rising implementation in numerous end-applications including reverse engineering, quality control and rapid prototyping. In addition to offering quick results with better efficiency, the technology is easily affordable and economical. Other technological improvements and innovations with respect to 3D scanners such as handheld 3D scanners are also anticipated to serve the market.

Suppliers and manufacturers of hardware and developers of software solutions emphasize on operational ease and continuous enhancements in workflow. Subsequently, making technology easily accessible to professional users and thereby driving sales. The downside of this technology is the understanding and analysis of complex applications such as point cloud management, application to a CAD authoring which may hamper 3D scanning market growth. Therefore, ease-of-use of these workflow management techniques has become a priority for a client’s success with the product.

The 3D scanning market is price elastic and identified by technological advancements and extreme competition. Currently, high-priced scanners pose a challenge in the market; however, it is expected that in the coming years, the impact may decrease as suppliers concentrate on introducing low-budget devices and achieving economies of scale.

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Product Insights

On the basis of product type, the 3D scanning market can be classified as the optical scanners, lasers, and structured light. In 2013, laser scanners occupied the majority of market. Nevertheless, the structured light and optical product segments are projected to gain market share at the fastest pace from 2014 to 2020. 3D scanners are used for quality control checks, reverse engineering purposes and rapid prototyping. Additionally, to ensure precise specifications and accuracy, 3D scanning also provides speedy quality inspection.

Range Insights

3D scanners are categorised into short range, medium range, and long range scanners on the basis of range and distance. In 2013, short range scanners emerged as the industry leader and it is expected to continue a similar trend throughout the forecast period. Structured light and laser triangulation methods, that have a very less focal distance, are employed by these scanners. Medium range scanners are anticipated to capture market share over the forecast period.

Application Insights

Several industries confront challenges in terms of safety, cost and schedule which usually stem out of control due to inadequate and erroneous dimensional procedures. In the manufacturing and engineering sector, and 3D scanning plays a vital role as a part of quality assessment and control systems. They help in reducing risks, especially in fields where energy concentration is high, location access is expensive and fabrication methods and modular design techniques are deployed thereby driving market growth from 2014 to 2020.

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Introduction of portable scanners have spurred demand for the 3D scanning market thereby gaining popularity for architecture applications. These products are widely used in archaeology as they preserve and archive many architectural pieces from museums. Utilization of 3D scanning systems offer an environment of historic times by effectively setting up virtual museums by scanning for virtual museums online or on-site and representing art pieces for multimedia presentations. Techniques such as reverse engineering that are based on virtual restoration is also anticipated to accelerate product acceptance across the architecture sector. In addition, rising demand for media and entertainment is observed to boost 3D scanning market.

Upsurge in 3D content together with technological advancements have resulted in rapid product launches and high-quality images and video distribution. Smartphone cameras have witnessed significant progress in the past few years in addition to original equipment manufacturers (OEM) upgrading their products with 3D imaging capabilities.

Regional Insights

In 2013, North America constituted for a significant percentage of the overall market. Structured light scanners which are known for measuring 3D shapes of objects using cameras and projected light patterns are anticipated to experience a high growth in the regional market from 2014 to 2020. High demand for 3D scanners across various application segments together with rising acceptance for portable scanners in region including Latin America and Asia Pacific are expected to spur market demand over the forecast period.

Competitive Insights

Key market participants include Ametek (Creaform), 3D Digital Corp., FARO Technologies, Basis Software Inc (Surphaser), Topcon and Maptek. Firms in the market primarily cater to a broad range of applications across varied industries such as manufacturing, aerospace, research & education and consumer products. The industry is identified by a stiff competition with frequent mergers and acquisitions, in the software and hardware industry. The market is expected to provide new avenues to expand and grow by new product development of cost-effective 3D scanners over the forecast period.

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Automotive lighting market is anticipated to reach USD 34.65 billion by 2022

The global automotive lighting market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022. Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years. Increasing automotive production, rising concerns about vehicle safety, growing population and also government are driving the growth of the market. On addition to it, the increase in the purchasing power of the people is also creating opportunities for the market growth. Lighting is a vital component in automotive vehicles and plays a very important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions and automotive lights also increase the conspicuity (that is the clarity of observing things) of the vehicle. The lighting system comprises of signalling and lighting devices. The lighting devices are placed in different locations of the vehicle including front, rear, top and interiors.

Halogen being an easily available and cost efficient technology has been majorly adopted by the market and is therefore, being used in lighting technology in the automotive sector also LED and Xenon are prominent lighting technologies which are in prime use in the global automotive lighting market. LED is likely to witness the highest growth amongst the three technologies during the forecast period. LED is relatively costlier, hence, at present is majorly being used in the high-end vehicles. However, research is being done to lower their cost as a result of which it would create significant rise in demand of LED lights in the upcoming years. The automotive lighting market is segmented based on technology, vehicle types, lighting applications, product sale and geography.

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On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting and side lighting. The technology is segmented into LED, halogen and xenon. Based on vehicle type, the market is segmented into commercial vehicles and passenger vehicles. Based on product sale, the market is segmented in aftermarket product and OEM product. The geographical segmentation of automotive lighting include North America ( U.S. , Canada, Mexico) , Europe (Germany , UK , France , Italy) , Asia Pacific (China, India, Japan), RoW ( Brazil, Russia), Latin America and Middle East Africa. The global automotive lighting market is an excessively fragmented market with the presence of many regional and global local vendors. The global automotive lighting market is very dependent on automobile sales and the growth driven by the increase in automotive production. The market has seen constant innovations and development of new products, which in turn resulted in an excessive competitive environment for the manufacturers of the automotive lighting.

The key players of the global automotive lighting market include Ichikoh Industries Ltd., General Electric (GE), Koninklijke Philips N, Koito Manufacturing Co. Ltd, Magneti Marelli S.P.A, Valeo, Stanley Electric Co., Hella KGaA Hueck & Co., Ltd., Zizala Lichtsysteme GmbH, Osram GmbH, Hyundai Mobis, Royal Philips Electronics. The global automotive market is expected to grow at a CAGR 8% during the forecast period which can result to be profitable for the global automotive lighting market also. Ambient lighting is one application where lighting is strategically placed in the vehicle to create an experience and induce a psychologically pleasing effect. Headlamps, DRL, auxillary lights, off road lights, compact lights, dome lights, instrument display lights, fog lights and taillights are the popular segments in the global automotive lighting market attracting automotive designers with their unique and stylish looks. In the upcoming years the use of LED lighting is expected to cover of the total market soon in the upcoming years. Broadly automotive lighting market is segmented as Interior lighting and exterior lighting during the year 2015, the exterior lighting segment had dominated the global automotive lighting market, with a very high market share. Exterior lighting plays a very important role in ensuring safety and with more manufacturers focusing on the safety aspect demand for exterior lighting is expected to rise in the next seven years.

The growth in the Asia Pacific region is driven by India and China, which are the largest markets for automotive production in the Asia Pacific region. The Asia Pacific region is a hub for automotive components due to improved infrastructure, preferences and changing lifestyles, government initiatives, and overall reduction in vehicle production costs. There is a high growth in the number of vehicles in the BRIC nations which further creates large opportunity for the growth of automotive lighting market during the forecast period. Purchasing power is increasing which in turn is increasing the demand for advanced and sophisticated technologies which include advance front light system (AFS) and daylight running lights system (DRL). Automotive lighting indicates vehicle's presence, position, size, driver’s intentions regarding direction, and direction to travel and speed of the vehicle that is travelling. The demand for aesthetic lighting is also increasing which in turn would support the demand of lights in commercial and private cars.

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Operating room equipment market - At CAGR of 7.2%

The global operating room equipment market size was valued at USD 26.24 billion in 2016 and is expected to reach USD 48.50 billion by 2025, at CAGR of 7.2%. Growing demand for improved medical facilities coupled with transition from conventional to state-of-the-art operation theaters is anticipated to escalate the operating room equipment market over the forecast period. Technological transformations, infrastructural development and high investments in the medical devices by hospital and healthcare centers are expected to spur the medical equipment demand over the forecast period. Development of hybrid operating rooms has prompted the installation of multi-purpose equipment, enabling automated results coupled with high operational efficiency, providing ample space for the introduction of high end equipment.

High occurrence of medical disorders among geriatric population along with the prevalence life threatening diseases is anticipated to fuel advanced operating equipment demand. Availability of advanced surgical tools and high prevalence of chronic disorders or diseases is also anticipated to escalate product demand over the forecast period. Key challenge faced by the industry includes the high cost associated, which is expected to hamper introduction of these devices in hospitals. Lack of knowledge and skilled manpower required to handle complex devices is also expected to hinder market growth over the forecast period.  Rise in number of high-end operating rooms accompanying advanced equipment along with increasing number of ASC (Ambulatory Surgical Center) is anticipated to substantially drive the level of innovation among manufacturers instigating them to provide latest technologies.

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Advanced and efficient operating tables, surgical booms, operating room integration systems, operating room lights, surgical headlights, surgical light sources and surgical imaging display forms an integral part of the new age hybrid theaters. Further, anesthesia equipment, electrosurgical generators, defibrillators, respiratory ventilators, endoscopy equipment, vital sign monitors, pneumatic tourniquet, infusion pumps, surgery microscopes, medical stainless steel, patient warmers, suction pumps, hospital stretchers, medical warmers, hospital stretchers, autoclaves & sterilizers, sequential compression devices and vaporizers & accessories contributes essential functionalities to an operating theater.

Integration of non-surgical and surgical equipment in the hybrid operating rooms including patient monitoring, diagnostics and radiology among others coupled with imaging techniques such as MRI scanners, CT scanners and C- arm provides better ease and flexibility to the specialist to perform the task. Installation of hybrid operation rooms largely reduces the hustle of transferring a patient from the operation theater to the scanning center. This greatly automates the work efficiencies and results in better patient care, thereby adding to the business value.

Operating rooms presently require high-definition fixed imaging and video equipment, enabling information from all over the hospital at the surgeon’s fingertip, and are expected to drive the industry demand over the forecast period. The industry is witnessing a growing trend towards installation of larger imaging systems. Operating rooms today are an economic engine for any medical facility, and accounts for more than 60% of the revenue. Further, hospitals often face an increasing drive for patient oriented effectiveness. Hospitals need to focus on creating value for the patient with the installation of state-of-the-art equipment with a combination of optimally trained medical expert. In addition, optimizing the operation environment helps enhance surgeon performance, and is thereby expected to drive the operating equipment market over the forecast period.

Europe and North America are expected to emerge as the largest markets due to existence of well-established medical sector with the presence of technologically advanced medical systems. The regions are expected to witness significant growth due to the upgradation of technology with advanced automated systems and rise in number of hospitals. Evolving medical industry in the Asia Pacific region including India, Thailand, Malaysia and South Korea due to rise in population encourages the medical sector to install high-end medical facilities and technologies at low costs.

Major players in the market include Steris Corporation, Hill-Rom Holding Inc., GE Healthcare, Phillips Healthcare, Stryker Corporation, Mizuho OSI, Getinge Group, Dragerwerk, Medtronic Inc, Eschmann Equipment, Karl Storz GmBH & Co. KG, Skytron, NDS Surgical Imaging, Berchtold Corporation, Trumpf GmBH + Co. KG, Creative Heath Tech Pvt. Ltd., Siemens Healthcare.

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Global RFID in healthcare market is expected to reach over USD 3.89 billion over the next seven years

Industry Insights

Global RFID in healthcare market was valued at USD 646.7 million in 2014 and is expected to reach over USD 3.89 billion over the next seven years. Key influences attributing to this rapid growth include growing occurrences of theft and loss of different medical devices which result in high losses to the pharmacies and hospitals. Healthcare services use radio frequency identification (RFID) and real-time location systems (RTLS) to track, identify, monitor patients, locate, visitors, assets, equipment and staff. Know that, how of these technologies aid in improving safety, enhancing the quality of care, reducing financial waste, and fostering patient satisfaction.

The healthcare market is majorly driven by the cheap availability of highly efficient systems and tags. Improper storage systems and careless handling in pharmaceutical stores have led to rising number of stock outs and expiration of medicines. This, in turn, may impact in loss of revenue and reputation which is anticipated to encourage better usage in the foreseeable future.

Furthermore, one of the high impact rendering drivers for the growth of this market is the development and rising usage of Kanban systems in order to achieve lean inventory. RFID Kanban systems allow organizations to lessen their inventory value by 15-35% according to a study shown by Stanley Healthcare. In addition, with inventory reduction by 50%, the inventory replenishment expenses can be condensed down to a total expenditure of just 5% of overall. Furthermore, these changes are anticipated to cut down on the storage space by 22%. As a result, storage costs are reduced substantially subsequently decreasing energy costs as well.

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Implementation of advanced Kanban systems in existing hospital inventory management and timely placement of orders to the supplier directly for requisite medical devices and medication is expected to encourage hospitals and pharmacies to incorporate these systems. RFID systems find widespread applications in the healthcare sector and have an increasing penetration in areas including infection control, injection safety, tracking prescription drugs and radiology. These systems are anticipated to improve market capitalization in coming seven years. For instance, Sanraku Hospital collaborated with BayNexusin an attempt to manage their medical equipment efficiently. Which also, to reduce time taken to inspect medical conditions, Wake Forest Baptist Medical Center integrated RFID tags on the closures of x-ray vests.

Product Insights

On the basis of product type, RFID systems and tags are segmented into two main products. In 2014, RFID systems contributed to over 55% of the overall market share. Key factors contributing to this large share includes high penetration of these devices in the market owing to better awareness levels regarding the advantages of RFID devices such as their ability to embed into existing hospital ERP software systems and reduction in overall operational costs. Systems are further categorized as pharmaceutical tracking, asset tracking, blood monitoring and patient tracking.

In 2014, the pharmaceutical segment constituted for the largest share and is projected to emerge as the dominant market leader in the next seven years. RFID tags cost approximately 4-6 cents which turn to be cost effective and may render as a high impact driver for market growth in the next seven years. Additionally, tags market is also sub divided on the basis of their end-use in varies departments including pharmaceutical tracking tags, asset tracking tags, blood monitoring tags and patient tracking tags.

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Regional Insights

Asia-Pacific, North America, Latin America, MEA and Europe are key regional markets. In 2014, North America was the dominant market player which captured over 50% of the overall share. Key factors accrediting to its large share include the existence of developed healthcare infrastructure together with high awareness levels about the advantages of these systems.

Further, in November 2013, U.S. president entered into a contract with The Drug Quality and Security Act (DQSA) that outlines essential steps to form an interoperable and electronic system that could trace and ascertain prescription drugs while they are distributed in the United States. The usage of RFID tags and systems in the U.S. is expected to rise owing to the emergence of aforementioned steps over the forecast period.

However, Asia Pacific is projected to grow at a rapid over the forecast period. New multinational hospital chains, continuously improving healthcare infrastructure and favourable government initiatives in the region will considerably propel growth in Asia Pacific market.

Market Share Insights

Key performers functioning in the industry include Terson Solutions, Log Tag, Solstice Medical LLC, Mobile Aspects Inc, Logi Tag, Wave Mark, Hurst Green Plastics Ltd., Pepperl+Fuchs, Tagsys RFID Group, Metra Tec GmbH, Wurth Group, Bollhoff Group, Stanley Innerspace, Brooks Automation, Grifols and Datelka.

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Teleradiology Market size is expected to reach USD 8.2 billion by 2024

The global Teleradiology Market size is expected to reach USD 8.2 billion by 2024, with a CAGR of over 19.1%. Teleradiology can be defined as the exercise of a radiologist which interprets (reading) medical descriptions about those who are not actually there in the place where the descriptions are generated. Portable imaging companies, hospitals, imperative care facilities and even few personal practices utilize teleradiology services. Teleradiology services can reduce the patient worries by making it achievable for radiologists to offer their services excepting the need to be in the same place. In past few years, teleradiology was barely use in emergency, owing to the internet; this exercise started spreading very fast. Teleradiology makes it easy to remit images as it is to remit emails that have attachment.

Computer programs are their which are devoted exclusively to the spread of radiological pictures. All these development end result in teleradiology service are turning into a noteworthy medical exercise and it carries on rising over the forecast period. Teleradiology services tend to link the breach between the unwarranted requirement and supply of diagnostic services and radiologists around the globe. Teleradiology services assist to transmit radiological images such as MRIs, CTS and MRI from one place to a different place for sharing the descriptive images among other physicians and radiologist. By utilizing technologies such as, Internet, cloud storage ,wide area network, local area network (LAN), telephone lines, as well as voice recognition, image compression, and, advanced graphics processing, teleradiology allows physicians to help their patients from a distant place, in addition ion to which making ‘second opinions ‘becomes much easier Electronic descriptive image transmission in the digital set-up is done with the intention to consult or diagnose, and the expansion and innovation in the area of digital imaging technology is expected to fuel the growth of the global teleradiology market over the forecast period.

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Teleradiology generates the highest revenue and is the most mature segment of the industry in the telehealth technologies industry. Advancement in the field of digital technology has transformed the teleradiology services into an effectual means to transfer significant data about patients. Furthermore, technological advancement is expected to propel the growth of the global teleradiology market over the forecasted period. Increasing usage of cellular phones, personal digital assistants, patient monitoring systems and other wireless devices like mobile health services are expected to fuel the growth of the global teleradiology market over the forecasted period. Lack of security for imaging data coupled with the high cost of technology is likely to negatively shape the global teleradiology market over the forecast period. New developments in the field of global teleradiology such as radiology information systems (RIS)) and picture archiving and communication systems (PACS) is expected to open new opportunity for the market over the forecasted period.

Obligation to subordinate the healthcare expenditure has made the healthcare services provider to contract out the analysis of radiology images to budding and low-cost countries. The simplicity of entry for the new entrant in the teleradiology services has resulted in an advanced competition in the market, with a greater number of teleradiology service providers. Aforementioned factor is also expected to drive the growth telerdiology market over the forecast period. Increasing digitalization is also expected to help and improve the teleradiology market over the forecast period.

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On The basis of various imaging modalities the global teleradiology market can be segregated into four major parts such as, magnetic resonance imaging (MRI), computed tomography (CT), nuclear imaging-ray and ultrasound. The X-ray section of global teleradiology market has dominated the larger part of teleradiology market in past few years. Moreover ultrasound imaging is expected to witness more preference over Xray and MRI over the forecasted period owing to fact as the patient is exposed to lesser amount of radiation. CT scan imaging technology is also increasing owing to fact as it allows more ability to detect abnormalities in the pancreas, liver and others. Increasing number of healthcare institution radiologic understanding of CT scans is also increasing. High costs attached and Shortage of technical skill to MRI and nuclear imaging are some of, the parts that will nurture slowly over the forecast period.

On the basis of region Global teleradiology market can be segregated into four parts that are .Asia Pacific, North America, Europe and others. In past few years North America has led the global teleradiology market. The foremost factors accountable for the enlargement of the teleradiology market in North America are rise in expenditure of healthcare companies, rapid innovation in medical approaches and well equipped hospitals. Asia Pacific is expected to see a faster growth rate over the forecast period owing to flourishing new companies in the Countries like India. Teleradiology services provider in India are capable of conquer the shortage of radiology services by providing imaging services to healthcare institution, when radiologists are not accessible in parts of North America such as US.

Time zone benefit is one more main thing that has been contributing the growth of teleradiology in India and is expected to drive the growth over the forecast period. The key vendors in Teleradiology market are Teleradiology Solutions, Sectra AB, Cybernet Systems Corporation, Virtual Radiologic, American Telecare Inc, and StatRad.

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Diabetic Retinopathy Market size is likely to reach USD 10.08 billion by 2025

The global Diabetic Retinopathy Market size is likely to reach USD 10.08 billion by 2025. Diabetes is a chronic disorder related with defects in the secretion of insulin from the hyperglycemia or pancreas associated to insulin resistance which eventually leads to long term multi-organ problems of kidneys, eye, blood vessels, nerves and heart.

Factors, such as increasing aged population, up-gradation of healthcare infrastructure, rising demand for initial detection systems, technological advancements, uncontrolled glucose levels and ignorance towards treatment, and increasing research activities towards developing advanced products are likely to drive the diabetic retinopathy industry in the forthcoming period.

On the other hand, lack of skilled professionals, presence of low-income groups, high cost associated with the treatment and poor availability to healthcare services are anticipated to hinder diabetic retinopathy market growth in future. However, prolonged undiagnosed diabetes is likely to create lucrative opportunities for the market. Diabetic retinopathy industry is anticipated to expand at a CAGR of 6.3% in the upcoming period as the scope, product types and its applications are increasing across the globe.

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Diabetic retinopathy market is segmented by type, treatment type, indications, end user and geography. The market is segmented by type as Proliferative Diabetic Retinopathy and Non-proliferative diabetic retinopathy. The “Non-proliferative diabetic retinopathy” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market includes presence of huge number of patients (less than 10 years of diabetic history) and increased occurrence of diabetes.

Based on treatment type, the diabetic retinopathy industry is segmented by Vitrectomy, Steroid Implants, Anti VEGF Drug and Laser Surgeries. The “Anti VEGF Drug” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come. The key factors that is could be attributed to the growth of market include mild to moderate cases of non-proliferative DR treatment, and better treatment and high applicability and faster recovery of these drugs in treatment of initial diagnosis.

The diabetic retinopathy market is segmented based on the end user as Ambulatory Surgical Centers, Hospitals and Ophthalmic Clinics. Based on indications, the market of diabetic retinopathy is segmented as Proliferative Diabetic Retinopathy (PDR) and Non-Proliferative Diabetic Retinopathy (NPDR) (Severe, Moderate and Mild).

North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as a large number of aged populations, increase in occurrence of diabetic retinopathy patients in the region, increasing healthcare infrastructure and rising health awareness among population. In addition, North America is followed by Asia-Pacific region owing to changing lifestyle of people in the region, surge in diabetic population, increase in funding and support provided by the government.

Key players operating in the diabetic retinopathy industry include Alimera Science, Abbott Laboratories, Allergan plc, Bayer AG, Ampio Pharmaceuticals., Novartis International AG, F. Hoffmann-La Roche, Pfizer, Valeant Pharmaceutical, Regeneron Pharmaceuticals Inc., KOWA Company, Ltd., Boehringer Ingelheim GmbH, ThromboGenics NV., and BCN Peptides S.A. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Growing number of automobiles, light weight as well as heavy duty vehicles in emerging markets

The global automotive catalytic converter market size was valued at USD 111.00 billion in 2014 and is projected to reach USD 272.95 billion by 2024. The growth can be attributed to strict government and institutional norms applied for emission control, rapidly growing automobile industry, evident environmental impact caused by automobile emissions and advancements in the product technology. Catalytic converters a component used in automobiles to convert harmful emissions comprising carbon monoxide, nitrogen oxide, and hydrocarbons into less harmful gases such as carbon dioxide, nitrogen or water. Generally, the product consisting of a core made up of a ceramic honeycomb structure coated with the catalyst metal is installed in the emission mechanism of the vehicle.

Stringent regulations imposed in several North American and European countries mandating the use of converters in all vehicles are expected to elevate their demand. Growing number of automobiles, light weight as well as heavy duty vehicles in emerging markets such as China and India are expected to play an important role in shaping the market dynamics in these regions. Innovation & development of technology in the segment is fast paced, effectively catering to the requirements.

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Increased hybrid & electric vehicles’ demand is expected to challenge the automotive catalytic converter market over the forecast period, as these vehicles do not use an inbuilt converter on account of the absence of any form of emission. The discovery of bio fuels which has consequently reduced emission problems is expected to hamper the growth rate over the next few years.  Raw materials used for production primarily comprise metal catalysts which are usually costly and undergo frequent price fluctuations consequently introducing uncertainty in achieving demand consistency, optimal operations and profitability.

Automakers also face the challenge of reducing the negative effect of these components on the automobiles’ fuel efficiency. Some catalyst converters lead to unwanted chemical reactions producing by-products such as sulfur oxides that prove to be environmentally harmful, thus challenging product quality. Mining techniques used in the extraction of raw materials such as palladium, platinum, rhodium result in a considerable amount of environmental pollution. Regulations for emissions limits as well as jurisdictions are not uniform across different countries as a result of which design of catalytic converters and production processes cannot be standardized.

Manufacturers are constantly bringing about innovations in the design of these converters for improving the efficiency and applications in new automobile segments as well as across a wide array of engines. There are a lot of scope in eco-friendly technologies of production, catalyst conversion reactions and emissions control. Companies are innovating in the direction of four-way catalytic converters with enhanced performance, quality and compatibility with advanced engines.

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The product can be segmented by product, material and technology. On the basis of product, these converters can be segregated into three-way catalysts (TWR), selective catalytic reduction (SC), diesel oxidation catalyst (DOC), lean Nox catalyst(LNC) and lean NOx trap (LNT). Two and three-way oxidation and diesel oxidation catalysts are expected to capture a sizeable market share on account of their inherent reduced emission feature.

Based on material, the market can be sub-divided into palladium, platinum, rhodium and others. Platinum components are predominantly used but owing to the price rise in this type palladium and rhodium catalysts are expected to gradually capture the market share. Converters can use two techniques for conversion of harmful emissions, namely coil on plug ignition and simultaneous ignition.

Developed markets such as the U.S., Canada, Germany, France and UK are at a maturity stage. However, prominent automotive companies as well as Original Equipment Manufacturers (OEMs) are located in these countries. Collaborations between these companies and converter manufacturers are expected to maintain a steady demand for the components and technology development in the sector.

Emerging economies China, India, South Korea and Japan are anticipated to grow at a high rate. This can be attributed to growing number of manufacturing facilities in Asia on account of low production costs, availability of skilled labor, and increasing capabilities of the units and rise in demand.

Key players in catalytic converters are Tenneco Inc., Faurecia SA, Benteler International AG, BASF Catalysts, MagnettiMarelliSPA, Calsonic Kansei Corporation, Clean Diesel Technologies and Katcon. Other vendors include Sango, Yutaka, Bosal International. Companies are enhancing their offerings in a bid to meeting global emission standards across different countries, thereby maintaining their competitiveness. Strategy focus is oriented towards acquiring expertise in global regulations compliance, cost effective solutions and optimal vehicle performance.

In order to deal with the fluctuating prices of raw materials, manufacturers are using inventory management strategies, entering into partnerships by backward integration with raw material suppliers. As the industry is at different stages of growth in different regional markets, companies are adopting strategies accordingly. New product development is their focus in mature markets, whereas high volume market penetration is their aim in emerging regions.

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X-Ray photoelectron spectroscopy market is likely to cross USD 712.4 million by 2022

The global X-Ray photoelectron spectroscopy market is likely to cross USD 712.4 million owing to rise in demand for medical research, minimal medication error and technological progress. The market is driven by factors such as rise in government initiatives to create awareness pertaining to contamination level in drugs & formulations coupled with R&D analysis is expected propel the market growth. Rise in government regulations and certifications emphasizing drug safety for various raw materials and formulation are expected to contribute to the X-Ray photoelectron spectroscopy industry in the forthcoming period. However, significant costs of set up for new market entrants are likely to create hindrances in the market growth in the forecast period up to 2025.

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X-Ray photoelectron spectroscopy also termed as electron spectroscopy for chemical investigation is widely used to investigate chemical proportion of surfaces. The proliferated use of XPS in investigative laboratories across the globe acts as a problem solving capability of the technique. The capacity to discover the initial atomic layers to assign chemical states to the discovered atoms renders X-Ray photoelectron spectroscopy to be an optimal addition to any analytical theory.

X-Ray photoelectron spectroscopy market is segmented by use, application, and geography. Use segment dominates the market scenario owing to rise in diverse applicability such as element detection, density estimation, contamination detection and empirical formulation. Element detection accounts for significant market share during the forecast period owing to efficiency and accuracy offered. Contamination detection accounts for second position in the market share due to certain use of XPS for organic as well as inorganic contaminants. Rise in demand for systems & technologies to offer accurate results is additionally likely to contribute to the market growth in the forecast period.

Geographical segmentation for X-Ray photoelectron spectroscopy industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America X-Ray photoelectron spectroscopy market is expected to dominate the global market scenario owing to rise in application for XPS for medical research, existing technological evolution.

Favorable reimbursement is another factor adding to the X-Ray photoelectron spectroscopy market growth in the forecast period. Asia-Pacific’s X-Ray photoelectron spectroscopy industry is likely to contribute to the market growth due to wide presence of manufacturers and availability of favorable market conditions. The key players in the X-Ray photoelectron spectroscopy market include Thermo Fisher Scientific, Kratos Analytical, Evan Analytical Group (EAG), Intertek, V G Scienta, Yokogawa, Kett and Mitsubishi Electric.

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Global fiberglass pipe market is expected with a CAGR of 5.6%

The global fiberglass pipe market was estimated at USD 3.83 billion in 2016 and is expected to reach USD 6.19 billion by 2025, with a CAGR of 5.6%. Fiberglass pipe is used for potable water use ranging in size from 1inch through 144 inches in diameter. The pressure classes range for such fiberglass from 50 psi through 250 psi. The design defines different stiffness categories and also about the exterior loading applied to the pipe. Benefits in using such pipes include light weight, corrosion resistance, low installation cost, sophistication and hydraulic smoothness. Disadvantages pertaining to use of fiberglass pipes include vulnerability to mechanical damage, low modulus of electricity, and lack of standard jointing system.

A method of manufacturing a pipe is called as filament winding. Glass-fiber saturated with resin is wound around a mandrel under controlled environments. Thus, inside diameter of the pipe is fixed by mandrel diameter and thickness of the wall is governed by pressure and stiffness class as specified. Another method of manufacturing is centrifugal casting. The fiberglass and resin reinforcement are applied to the mold and is rotated and heated.

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Outer diameter of the pipe is determined by the mold and inside diameter diverges dependent on the wall thickness. Therefore, various methods are used by several manufacturers to join pipe sections and fittings. Overall, considering the advantages and production techniques coupled with driving factors the global fiberglass market is anticipated to grow at a higher CAGR during the forecast period.

The key driving factors responsible for the growth of fiberglass pipes market includes rise in demand for fiberglass pipes in sewage owing to light weight, dimensional stability, resistance to corrosion, sophistication in installation and water management applications and better mechanical properties resulting into an enhanced product life with lower maintenance costs. However, high costs pertaining to material acts as a major restraint to market growth.

On the basis of type, the global fiberglass pipes market is segmented into GRP and GRE. On the basis of fiber, the global fiberglass pipes market is segmented into E-Glass and T-Glass. On the basis of application, the global fiberglass pipes market is segmented into oil & gas, chemicals, irrigation and sewage. Chemical segment dominates the global market in the fiberglass pipes market during the forecast period.

On the basis of geographic segmentation, the global fiberglass pipes market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC regions dominate the global fiberglass pipes market due to the presence of large chemical industry and government and heavy spending by government on waste and water management. Indian, Chinese and Indonesian market are anticipated to grow at a higher CAGR during the forecast period. North America is estimated to grow at a higher CAGR during the forecast period, followed by Europe and Middle-East regions. The key players in the global fiberglass pipes market include Arkema, Mitsubishi Plastics Inc, Formosa Plastics Corporation, SGL Group, Huntsman Corporation, PPG industries, and Taishan Fiberglass Inc.

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Categories of insulated packaging products- Bags, pouches, boxes, wraps, and containers

The global insulated packaging market size was valued at USD 11.85 billion in 2016 and is expected to be valued at USD 18.3 billion by 2025. The Insulated Packaging provides shield from destruction to manufactured products, foodstuffs and drinks, pharmacological products, and tools in the course of transport and storing. The international insulated packaging market is inclined by area wise tendencies, like as increasing suburbanization, growing of the populace, an escalation in intercontinental transaction deeds, and industrial development. The numerous categories of insulated packaging products comprise bags, pouches, boxes, wraps, and containers. The insulated packaging market is witnessed to be seasoned in industrialized markets, like Europe.

The international insulated packaging market has developed exponentially in the past hardly any years and this tendency is likely to carry on. Growing per head earnings of people in emerging nations, and features, like as growing end-use presentation, driven by the increasing middle-class populace, growth in expenditure capacity of persons, combined with increasing employees, mark insulated packaging a remarkable market of the international packaging industry. This market is motivated by a growing rivalry, forceful estimation, escalating customer expenditure, growing worry for exhibition of product and security, and numerous progresses in the pharmacological division. The Asia Pacific area is projected to turn into the rapidly developing market for insulated packaging.

The insulated packaging market in the Asia-Pacific area is expected to propagate at the utmost CAGR from 2014 to 2025, by means of capacity and price together. The increasing middle-class populace of this area, with greater salaries, and an increasing call for the fast-moving customer goods (FMCGs) segment for wrapped products and the parental packing industry, are motivating the development of the insulated packaging market. Additional issue is the compactly inhabited regions of this area that necessitate thermally insulated packaging way out.

The market for insulated packaging is motivated by the progress in the packaging business beside with inventive packaging. High per head earnings has permitted the end-users to expend further on insulated packaging, which enables thermal insulation. Furthermost prominently, the shifting mentality of end-users has initiated the use of insulated packaging in their everyday life. The international insulated packaging market is striking by means of a strong rivalry owing to the existence of a great number of large and minor companies.

The division of the international Insulated Packaging market on the base of Type of Material spans Corrugated Cardboards, Plastic, Glass, Wood and the others. The division of the international Insulated Packaging market on the base of Type of Use spans Pharmaceutical, Food & Beverages, Cosmetic, Industrial, and Others. The division of the international Insulated Packaging market on the base of Type of Packaging spans Wraps, Bags & Pouches, Boxes & Containers and Others.

The division of the international Insulated Packaging market on the base of Type spans Semi-Rigid, Rigid, and the Flexible. The division of the international Packaging market on the base of Area spans North America, Europe, Asia-Pacific, and Rest of the World (RoW)  Some of the important companies operating in the international Insulated Packaging market are Huhtamaki, Deutsche Post DHL Group, Sonoco, Amcor, and Insul Tote. Other important companies are, IPC, JB Packaging, Laminar Medica, American Aerogel, Cold Ice, Davis Core and Pad, DuPont, Ecovative, Exeltainer, Marko Foam, Providence Packaging, Temper Pack, TP Solutions, and Wool cool.

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Orthobiologics market size is anticipated to reach USD 10.2 billion by 2025

The global orthobiologics market size was valued at USD 5.0 Billion in 2015 and is anticipated to reach USD 10.2 billion by 2025, with a CAGR of 7.5%. Orthobiologics are elements which the orthopedic surgeons use to heal the wounds more quickly. They are utilized for the healing of injured muscles, ligaments, tendons, and broken bones. They are made up of substances found in the human body itself. These elements found popularity owing to factor such as faster healing, quick recovery, and a decrease in the number of hospital visits. The orthobiologics market provides a huge number of opportunities for growth to its shareholders.

The global orthobiologics market is poised for growth owing to the increased levels of geriatric population, technological advancements, changing lifestyles and problems related to the musculoskeletal system. The increasing trends of musculoskeletal procedures are seen to be the biggest driver for the market. Establishing strategic partnerships for the purpose of marketing is also expected to boost the demand for the global orthobiologics market. Several merchants are forming strategic partnerships to diversify their businesses, grow their overall market share and spread out their product offerings. These type of strategic alliances help the organizations to align their technologies with one another’s inventive medical device range.

A growth in the global orthobiologics market is projected on account of the requirement for safer, more effective and modern orthopedic biologic treatment. The rise in the number of obesity and arthritis cases also fuels the demand for orthobiologics treatment. The bone graft procedure accounted to be the largest segment in the global orthobiologics market.

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The shifting preference to biological implants from mechanical implants is accelerating the growth of this market. Another important trend that is estimated to enhance the growth of the market over next eight years is the increase in funds to improve orthobiologics. Factors such as growing advances in technology, the prevalence of a huge number of chronic and unidentified diseases, initiatives by the government and rise in life expectation may favorably impact the market growth. Along with this, the rising incidences of injuries by sports & road accidents and growing awareness among athletes are also driving the demand for the market.

However, lack of clear reimbursement procedures and rigorous rules may create major hindrances for the orthobiologics demand in the market. The improvements in developing alternatives for pharmaceuticals, for making medical treatments more preventive than curative along with the country’s policy for decreasing the deficit in the budget is expected to negatively impact the global orthobiologics market. Furthermore, high costs for the procedure, lack of reliable clinical trial data and strict regulations for the approval of orthobiologics products may pose challenges to the market growth over the forecast period.

The global orthobiologics market has been segmented based on its applications and product types. On the basis of application, the market been classified into spinal surgery, joint replacement & reconstruction, and trauma surgery. On the basis of product types, the market has been segmented into bone graft substitutes, bone growth stimulators, and viscosupplements. The bone graft substitutes have further been segmented into demoralized bone matrix (DBM), bone morph genic proteins (BMP), bone allografts, and bone autographs. Additionally, viscosupplements has also been further segmented into single injection viscosupplements, 3-injection viscosupplements, and 5-injection viscosupplements.

Over the past few years, the viscosupplements segments held the largest market share for orthobiologics on account of huge demand for knee treatment procedures. It is a very effective pain killer. Viscosupplements are intra-articular injections made of hyaluronic acid which helps in the treatment of osteoarthritis.

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North America held the majority of the global orthobiologics market in the recent past. The high demand in the market was sustained by increased prevalence of arthritis and obesity in the region, rising demand for the treatment of various diseases such as osteoarthritis and spinal injuries. However, over the next eight years, Asia-Pacific is projected to witness the highest rate of growth for orthobiologics market. This growth will be majorly driven by the Indian and Chinese market on account of a huge number of untapped patient population, economical cost, and medical tourism.

The major industry players operating in the global orthobiologics market include Stryker Corporation, Synthes, Inc., Biomet, Inc., DJO Global, Zimmer Holding, Inc., Medtronic, Inc., and Smith & Nephew, Bacterin International, Inc., DePuySynthes, Inc., Globus Medical, Inc., and Integra LifeSciences Corporation.

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Polypropylene (PP) nonwoven fabric market size is expected to reach USD 34.98 billion by 2025, at a CAGR of 8.5%.

The global polypropylene (PP) nonwoven fabric market size was valued at USD 26.3 billion in 2015 and is expected to reach USD 34.98 billion by 2025, at a CAGR of 8.5%. The market is projected to witness significant growth over the forecast period owing to rising importance and acceptance from end-user industries such as automotive, aviation, geotextile and construction. Furthermore, rising use of the PP nonwoven fabrics for fabricating baby clothes coupled with increasing utilization for manufacturing adult incontinence products is anticipated to propel the market growth over the next eight years. In addition, the market is projected to witness uprising demand from medical industry as well as from feminine care industry due to the favorable fabric quality, thus enabling the market to report augmented growth over the forecast period. However, growing stringent regulation imposed on manufactures due to rising environmental concerns coupled with increasing fluctuation in the raw material prices has enabled the market to witness hindered growth over the next eight years.

The market is segmented by product into spun bonded, staples, composite, and meltdown. Spun bonded PP nonwoven fabric segment is expected to account for more than 50% market share over the forecast period owing to its application from adult diapers, medical products and personal care products. On the other hand, staples nonwoven fabric segment is anticipated to witness fastest growth over the next eight years primarily due to its application from automotive, agricultural and construction industries.

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The PP (Polypropylene) nonwoven fabric market is highly competitive owing to the presence of several domestic and international suppliers. However, the sector has the presence of various new players, who face difficulty in competing with other major companies in terms of functionalities, features, quality, and services. Over the forecast period, the growing new product development activities coupled with increasing adoption of new technologies for achieving operational efficiency has enabled the competition to become more aggressive. On a contrary, few major players through continuous R&D endeavors coupled with growing expertise knowledge in the industry have enabled them to witness competitive edge, thus propelling the overall growth of the sector over the next eight years.

North America and Europe are anticipated to witness major market share over the forecast period owing to the growing applications in end-user entities including automotive, aviation, personal care, medical, and geotextile. Particularly, the UK, Germany, Italy, France and the US are projected to account for growth in the region primarily due to rising rapid technological advancements used for producing superior quality finished materials, thus enabling the regions to anticipate augmented demand by 2024.

Asia Pacific is anticipated to account for fastest growth over the forecast period primarily due to the growing awareness regarding polypropylene nonwoven fabric utilization in numerous industries for manufacturing adult diapers, famine products and medical products. Furthermore, increasing application in automobiles coupled with growing demand for superior quality fabric is also expected to bolster the market growth by 2025. India, China, and Japan are anticipated to witness the highest share in the region majorly owing to the rising disposable income, foreign investments in manufacturing industries and growing government initiatives in medical sector for. The Middle East & Africa is projected to see significant growth by 2020 mainly owing to increasing urbanization, industrialization, and globalization. The sector has huge potential in this region primarily owing to rising per capita income and foreign investments.

Key players of the market include Fibertex, AVGOL, Kimberly-Clark, Fiberweb, and First Quality. Few other companies in the sector are PGI, Toray, and Mitsui. The PP nonwoven fabric industry is highly consolidated having more than 40% market share by top five players. The major large players generally tend to collaborate with smaller companies to increase market share and competitive advantage. These market players through continuous R&D endeavors focuses on building a wide distribution network that supports the overall coupling market to report significant growth over the forecast period. Companies through strategic expansions and mergers & acquisitions have been trying to cater large volume of customers with products that are cost-effective and high quality..

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