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Increasing Demand for Resol Resins to Push Global Market Revenue Growth During  2015 to 2021

The key ingredients used in the manufacture of resol resins  are phenol and formaldehyde. Resols are a type of phenolic formaldehyde resins. Resol resins are thermosetting polymers which cure adequately without addition of any catalyst other than heat. They are mainly used for gluing and bonding building materials. They are widely used in applications such as molding compounds, wood working adhesives and insulation among others. Approximately, 700 kilotons of the total phenolic formaldehyde resins solids are used for these purposes and half of this volume is consumed in the U.S.Resol accounted about 50% of the global phenolic resins market in 2012. Furthermore, 5% of the phenolic resins are modified with other reactants such as cresols, octylphenol, butylphenol and resorcinol which are used in specialty areas.

North America and Europe dominated the resol resin market in 2012.Asia Pacific is expected to be the fastest growing regional market within the forecast period.On account of its suitable chemical and physical properties such as high heat resistance, good moldability and high tensile strength, they have found applications in niche segments such as off-shore oil drilling which require materials with high heat resistance. The resol resin market has exhibited a significant growth in the past and this trend is expected to grow within the forecast period.

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Increasing demand for wood working adhesives applications is expected to drive the demand for resol resins within the forecast period.Resol resins are helpful for plywood and furnishing applications as they form chemical bond with lignin component of wood.Additionally, the growing infrastructural and construction activities in emerging economies coupled with rising disposable income are expected to drive the demand for resol resins over the next few years.However,resol resins provide a poor adhesion to metals and are brittle in nature. These parameters may act as a restraint to the resol resin market in the near future. Moreover,resol resins are formaldehyde based resins.Formaldehyde is a chemical irritant and irritates eyes and throat and causes inflammation of the lungs.In 2011, the U.S Department of Health and Human Services listed formaldehyde as a carcinogenic material.Thus, the stringent regulations on phenol formaldehyde may curb the resol resin market in the near future. However,research and development on resol resins in order to improve their adhesion to metals may open avenues over the next few years.

Wood adhesives are expected to have the largest share of the global market for resol resins.The emerging economies of Asia Pacific,South America and Central & Eastern Europe are expected to exhibit the largest growth in application segment. Molding compounds are anticipated to exhibit substantial growth in China as there are numerous molding operations being undertaken in this region.

Global phenolic resins market which includes resol resins grew at an annual rate of less than 1% during 2007-2010. However, the demand declined during 2008-2009 on account of the weak global economy. This, in turnaffected the construction industry.However,the resol resins industry recovered in 2010 as the global economy improved thus reviving the construction industry.

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Key players in the resol resins market are BASF SE, Chang Chun Plastics Co.Ltd.,Georgia Pacific Chemicals LLC,Mitsui Chemicals Inc and Sumitomo Bakelite among others.

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Growing Demand for Trimellitates to Significantly Increase Revenues Through 2021

Trimellitates are additives that increase the plasticity or fluidity of a material. Trimellitates have applications in automobile industry and are used in automobile interiors where resistance to high temperature is required. Trimellitates are colorless to slightly yellow liquids with high boiling points and low vapor pressures; these properties contribute to their high physical stability. In addition, trimellitates have extremely low volatility. Trimellitates are soluble in numerous organic solvents and miscible with ether, alcohol and oils, but essentially insoluble in water. Because of the similarity in structure as well as physicochemical properties, the trimellitates are grouped into a single category containing four substances with carboxylic side chain ester groups ranging from C8-ClO. Trimellitates are manufactured by esterification of trimellitic anhydride (TMA). The basic structure is an aromatic ring with side chains in the 1,2 and 4 positions. Some examples of trimellitates are n-octyl trimellitate, tri-(2-ethylhexyl) trimellitate, tri-(n-octyl,n-decyl) trimellitate, trimethyl trimellitate, and tri-(heptyl,nonyl) trimellitate  among others.

Majority of trimellitates are manufactured for flexible PVC applications. Trimellitates have low volatility and blend with the highest-molecular-weight phthalates and are typically used in high-specification electrical cable insulation and sheathing. Trimelliates have advantage over other plasticizers due to their superior chemical properties and high permanence which increase the shelf life of PVC compounds subjected to elevated temperatures. In addition, trimellitates have applications in construction materials, food packaging, toys, medical devices and automobile industry.

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The growth in the end user industries is expected to be a major driving factor for the consumption of trimellitates. The growth in wire and cable industry is expected to increase the consumption of trimellitates. Demand for trimellitates is also influenced by general economic conditions. Hence, demand for trimellitates follows the patterns of the major world economies. In addition, rising consumption in emerging economies is expected to boost the consumption of trimellitates. However, availability of substitutes could hamper the growth of this market.

Asia Pacific is currently the largest market for trimellites, followed by Europe, North America and rest of the world. The growth of trimelliates market was slow in Asia Pacific due to economic recession but has quickly recovered. India, china, Mongolia, Indonesia, Malaysia, Thailand, Vietnam, Philippines, Pakistan, Republic of Korea and Japan are the major markets in Asia Pacific. China has moved towards self sufficiency in manufacture of trimellites but the industry remains highly fragmented. Demand for trimellitates in North America is expected to grow at a moderate rate while demand in Europe is expected to grow at comparatively higher rate.

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Some of the key players in this market are Exxon Mobil Chemical(U.S.), Shell Chemicals ( U.S), BASF (Germany), Dow Chemical (U.S.), E. I. du Pont de Nemours and Company (U.S.), Mitsubishi Chemical (Japan), LG Chem (South Korea), AkzoNobel (Netherlands), Sumitomo Chemical (Japan), Mitsui Chemicals (Japan), Toray Industries (Japan), Eastman Chemical Company(U.S.), and Evonik Industries (Germany) among others. Exxon Mobil Chemical manufactures trimellitate plasticizers under the brand name Jayflex. Jayflex trimellitate plasticizers have applications in wire and cable industry that require resistance to high temperatures over long durations and in automobile interiors. BASF manufactures trimellitate plasticizers under the brand name Palatinol. Palatinol TOTM (tri octyl trimellitate) provides desirable properties in vinyl applications which require low volatility, good plasticizer compatibility, resistance to extraction by soapy water and good electrical properties. Palatinol tri octyl trimellitate is suitable for interior automotive applications and wire insulation.

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Growing Demand for Cerium to Significantly Increase Revenues Through 2021

Cerium is a very soft and ductile metal which oxidizes very easily in the air. The metallic cerium is manufactured using metallothermic process which in turns gives cerium of higher purity. Cerium is used as catalysts and adhesives in numerous commercial applications. Cerium exhibits properties similar to that of calcium and accumulates in the bones in small amounts. Cerium can be found in small amounts in barley and tobacco plants.

The market for cerium was mainly driven by the growing demand for rare earth metal catalysts from various manufacturing sectors. In addition, there is huge demand for cerium in China and other Asian countries. Cerium is used in various applications such as polishing powder, adding colors in ceramics and glass, flints in lighters and in self-cleaning ovens. More exploration of unmined reserves and recycling of cerium metal from e-waste can provide opportunities for the market. However, the fluctuating prices in the market are likely to act as restraint in near future. Furthermore, over dependency of global cerium market on China can act as a major restraint to the market.

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In terms of demand, Asia Pacific is the leading region for cerium market. The demand for cerium is significant from China and Japan. Growing demand from electronics sector in this region is likely to be one of the major drivers for the cerium market. North America market is likely to grow in near future owing to various manufacturing techniques and decreasing dependency on China for the cerium. Increasing demand in North America has lead to increased number of explorations and investments in this region. Europe is likely to be stable market for cerium and will follow similar trend in near future. The Rest of the World market is anticipated to have average demand for cerium in near future.

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Some of the key providers in the cerium market are Avalon Rare Metals Inc, China Minmetals Rare Earth Co. Ltd., Baotou Hefa Rare Earth Co. Ltd. and Lynas Corporation Ltd. among others.

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Caprylic Alcohol Market Revenue to Record Stellar Growth Rate During  2015 to 2021

Caprylic alcohol also known as octanol is a colorless liquid with penetrating odor. Caprylic alcohol is insoluble in water and its vapors are heavier than air. Caprylic acid is a fatty acid alcohol mainly used as intermediate in chemicals and pharmaceutical industry. Caprylic alcohol is used as raw materials in manufacturing of surfactants, conditioners and disinfectants among others. It is also used as an intermediate in manufacturing of plasticizers. Caprylic alcohol also finds application in synthetic resins lubricants as an oil base and as emulsifiers in emulsion polymerization. Caprylic alcohol also finds applications in personal care and cosmetic products such as personal creams and ointments. Caprylic alcohol is used as a lubricant in metal rolling market.

The market for caprylic alcohol was driven by chemical and pharmaceutical industry. Huge demand from chemical industry for caprylic alcohol as an intermediate is driving the market in past few years. Caprylic alcohol is used in anti-oxidants, detergents and plasticizers market. Cosmetics industry is another major outlet for caprylic alcohol where it is used as an ingredient in creams and ointments. Increasing demand from end-user industries such as plastics and disinfectants from emerging countries has been one of the major factors for the growth of demand for caprylic alcohol. Another, major factor driving the caprylic alcohol market is increasing demand for synthetic resin lubricants from developing countries. Increasing demand for caprylic alcohol from perfume industry is likely to offer major opportunity for the caprylic alcohol market in next few years. However, environmental regulations related to caprylic alcohol industry are anticipated to hider the growth of the market in next few years.

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In terms of demand, Asia Pacific was the leading region in caprylic alcohol market in 2013. Asia Pacific is anticipated to be the fastest growing markets for caprylic alcohol due to increasing demand for detergents and cosmetics in this region. The market for caprylic alcohol in Asia Pacific was led by China. However, other Asian countries such as India, Japan and South Korea are likely to provide better opportunity for caprylic alcohol market owing to increasing consumption from pharmaceutical and chemical end-user industries. Asia Pacific was followed by Europe. Increasing demand for caprylic alcohol from personal care industry coupled with chemical industry has been driving the market for caprylic alcohol in Europe. Germany is the largest consumer of caprylic alcohol in this region. Other countries such as the UK, France and Italy are likely to exhibit stable demand for caprylic alcohol in next few years. In terms of consumption, North America had the third-largest share in the caprylic alcohol market in 2013. Increasing demand from pharmaceutical industry is driving the demand for caprylic alcohol in this region. The U.S. had the largest demand for caprylic alcohol owing to huge demand from end-user industries such as personal care, chemicals and pharmaceuticals among others. Rest of the World market is anticipated to show positive outlook for the caprylic alcohol market in near future. Latin America is anticipated to show fastest growth for the caprylic alcohol market in this region. The demand is huge owing to increasing applications in personal care and detergent applications.

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Some of the key manufacturers in the caprylic alcohol market are Azelis UK Life Sciences, Charkit Chemical Corp., Creasyn Finechem (Tianjin) Co., Ltd., Kao Corp., Sasol Germany GmbH and TCI (Shanghai) Development Co., Ltd. among others.

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Increasing Demand for Animal Plant Fibers to Push Global Market Revenue Growth During  2015 to 2021

Fibers are the materials which have discretely elongated pieces and can be spun into threads and filaments. Fibers are classified into natural, synthetic and man-made. Natural fibers consist of animal and plant fibers market. Animal fibers consist of protein chains such as wool, silk, fur, hair and feathers among others. Plant fibers consist of field crops such as cotton, jute and linen among others. Animal and plant fibers are used in various end-user industries such as textiles, paper processing and composite materials. Wool is the most commonly used animal fiber. The fiber is springy and curly. The cloth manufactured is used in textile industry for manufacturing of shawls, woolen clothes, carpets and many other textiles products. Silk is another common animal fiber which is made from spinning of cocoon of silkworm. Cotton is the most widely used plant fiber and is used in manufacturing of various types of clothes. Linen is another plant fiber which finds applications in towels, napkins and handkerchiefs, while jute and hemp are used to make carpets and rope sacks.

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The market for animal and plant fibers was mainly driven by end-user industries such as textiles and paper processing. In textiles, animal and plant fibers are used in making luxury clothes, carpets, decorations, laces, tents, sails, bagging, sacks, floor coverings and commercial fabrics among others. In paper processing, plant fibers are combined with the wood pulp in manufacturing of all kinds of paper and cardboards. In composite industry, animal and plant fibers are used as reinforcement materials in plastics and wallboards. Animal and plant fibers are also used as stuffing material in mattresses and upholstery. In packaging industry, plant fibers are used bags and vessels made-up of jute and hemp. Animal and plant fibers are also used in manufacturing of paint brushes and braided articles such as hats, baskets and mats. In boating industry, animal and plant fibers are used in manufacturing of small boats such as canoe, where they offer more durability than steel and bamboo boats. In spite of so many applications in various end-user industries, greater extent of animal and plant fibers in the market are being replaced by synthetic fibers thus acting as potential threat to the market.

In terms of demand, Asia Pacific was the leading region in animal and plant fibers market in 2013. Asia Pacific is also expected to be growing at the fastest rate. The demand is huge in this region due to huge textile and paper processing industry. China had the highest demand for animal and plant fibers in Asia Pacific. India had the second largest market for animal and plants fiber market in this region. Other Asian countries such as Taiwan, Japan and Korea are likely to provide better opportunities for animal and plant fibers market in foreseeable future. Asia Pacific was followed by North America. Increasing demand from paper processing, textiles and luxury clothing is driving the demand for animal fibers in this region. U.S. had the largest demand for animal and plant fibers. In 2013, Europe had the third largest demand for animal and plant fibers market in 2013. Western Europe is anticipated to be the fastest growing market for animal and plant fibers in this region. Huge demand for luxury clothing has been driving the market in past few years. Other region such as Russia, Nordic countries and Central Europe is likely to offer greater opportunities in future. Rest of the World market is anticipated to show positive outlook for the animal and plant fibers market in near future. Latin America is expected to show greater potential for the market over the forecast period.

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Some of the key manufacturers in the animal and plant fibers market are Bast Fibers LLC, S.L. Bally Ribbon Mills, Natural Fibre Products Inc. and Wacker Chemie AG among others.

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Growing Demand for Ammonium Carbamate to Significantly Increase Revenues Through 2021

Ammonium carbamate is a salt of carbamic acid and ammonia. The compound is white, crystalline and soluble in water. Ammonium carbamate is manufactured by reaction of ammonia with dry ice (liquid carbon dioxide). It is used as a substitute for ammonia in certain applications. Ammonium carbamate is used as an elementary material for manufacturing ammonium carbonate. Ammonium carbamate is used as decomposition controller along with metal phosphides. In addition, it is also used for detoxification of off-gases.

The market ammonium carbamate was mainly driven by increased demand for urea from agriculture sector. Ammonium carbamate is used in the production of carbamoyl phosphate, an important ingredient in urea cycle, where it is used as intermediate. It is also used in the manufacturing of pyrimidines. In addition, ammonium carbamate is also used in pesticides and fumigants to control rodents and insects. Increasing use of pesticides can be major opportunity for the growth of the market. However, health hazards and environmental issues can be major restraint for the ammonium carbamate market.

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In terms of demand, Asia Pacific was the leading region in ammonium carbamate market. Increasing demand for urea products in agricultural sector is expected to drive the ammonium carbamate market in this region. Asia Pacific was followed by North America. Rise in demand for decomposition controller and other agricultural activities is expected to fuel the ammonium carbamate market in North America. Europe had the third-largest market share in ammonium carbamate market. The market for ammonium carbamate is anticipated to grow due to rising demand from agricultural activities. The Rest of the World market is likely to exhibit steady demand for ammonium carbamate in upcoming years.

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Some of the key manufacturers in the ammonium carbamate market are Advanced Technology & Industrial Co. Ltd, Alfa Aesar GmbH & Co. KG, BASF SE, China XiangDing Chemical International Company, Merck KGaA, Sigma-Aldrich Corporation, Tokyo Chemical Industry Co., Ltd and VWR International LLC among others.

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Alkyl Polyglucoside Surfactants Market to Witness Steady Growth at 6.8% CAGR During 2018 – 2028

PMR’s recently published market report titled “Alkyl Polyglucoside Surfactant Market: global industry analysis 2013–2017 and Forecast 2018–2028,” examines the alkyl polyglucoside surfactant market and provides crucial insights pertaining to the market. According to PMR analysis, the global demand for alkyl polyglucoside surfactant is estimated to be valued at US$ 902.1 Mn by the end of 2018 and register a 6.8% CAGR over the period of 2018 to 2028. This report provides an overall assessment of the global alkyl polyglucoside surfactant market through segmentation on the basis of different primary functions and applications.

Growing Demand for Biodegradable & Eco-Friendly Alternatives in Europe & North America to Drive Market Growth

In the recent past, there has been a significant rise in the demand for home care and personal care products in developed as well as developing regions. This growth in demand can be attributed to the changing living standards and growing per capita income and spending around the globe. This growth in the demand for home care and personal care products is expected to, in turn, drive the market for raw materials such as alkyl polyglucoside surfactants, chemical intermediates and other additives. Moreover, the increasing demand for biodegradable and eco-friendly alternatives in Europe and North America is expected to drive the alkyl polyglucoside market during the forecast period.

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Stringent government regulations pertaining to the manufacturing of products and maintenance of hygiene and safety standards in food, pharmaceutical and biotechnology industries are expected to drive the demand for surface disinfectant chemicals and subsequently, that for alkyl polyglucoside surfactants. In the recent past, the demand for construction chemicals has been significantly high in developing and developed regions, owing to the significant rise in construction activities across infrastructure and commercial sectors. Being a concrete admixture, the demand for alkyl polyglucoside surfactants is expected to increase alongside the growth of the construction chemicals market during the forecast period. Apart from this, the availability of alternative products in the market is expected to hamper the growth of the alkyl polyglucoside surfactant market.

Home Care, Industrial & Institutional Cleaning Chemicals, and Personal Care Applications to Drive Demand for Alkyl Polyglucoside Surfactants

The global alkyl polyglucoside surfactant market is estimated to witness healthy growth, owing to the rising demand from home care, industrial & institutional cleaning chemicals, and personal care applications. Among the segments by primary function, the cleansing agent segment is estimated to gain traction in terms of demand over the forecast period. On the basis of application, home care and cleaning chemical segments are estimated to grow at significant CAGRs of 6.0% and 5.7%, respectively, over the forecast period. South Asia to Remain a High Value-High Volume Market through 2028

The China alkyl polyglucoside surfactant market is projected to hold a prominent share, in terms of both demand and supply, during the forecast period. Significant growth of the manufacturing industry in the region is expected to drive the demand for alkyl polyglucoside surfactants.

South Asia’s alkyl polyglucoside surfactant market is estimated to remain a high value-high volume market throughout the forecast period. North America and Europe alkyl polyglucoside surfactant markets are estimated to register steady growth over the forecast period. India and ASEAN countries are also expected to remain lucrative markets during the assessment period.

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Global Alkyl Polyglucoside Surfactant Market: Competitive Landscape

Some of the key players profiled in this study on the global alkyl polyglucoside surfactant market are BASF SE, DowDupont, LG household & healthcare ltd, Huntsman Corporation, Croda International PLC, Shanghai Fine Chemicals Co. Ltd, Galaxy surfactant, Pilot Chemical Company, and SEPPIC s.a, among others. The alkyl polyglucoside surfactant market is an organized market wherein a significant share of the market is held by the top 5 manufacturers of alkyl polyglucoside surfactants, globally.

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Posterior Cervical Spine System Sales Forecasts Reveal Positive Growth Through 2026

Posterior Cervical Spine Systems are the fixation systems which are used to stabilize the cervical spine. Spine systems can either be implanted from the front (anterior) or from the back (posterior). Spine diseases such as spinal stenosis, fracture or dislocation of the spinal disc and other spinal deformities are increasing, driving the Posterior Cervical Spine Systems market as it increases the demand of cervical spine systems.

There are new products launching in the Posterior Cervical Spine Systems Market. In 2018, Medtronic launched the new infinity OCT Spinal System. Also, Spine wave launched proficient posterior cervical spine system implants for various posterior spine thoracic procedures. The system is highly adopted by spine surgeons, because of its characteristic features like patented polyaxial tri-lobe screw design which is offering 120 degrees of angulation.  

There are multiple characteristic features which are included in the new product launches such as multiple screw variations, wide screw angle, multiple connector options etc., which are expected to increase the demand of posterior cervical spinal systems.

Nexxt Spine has received FDA approval and has recently launched its Saxony Posterior Cervical Thoracic System.

Major Key players of posterior cervical spine system are Zimmer Biomet & B. Braun Melsungen AG.  

Rising geriatric population is one of the major factor driving the growth of Posterior Cervical Spine System market. The rate of spinal cord injuries is increasing, driving the growth of Posterior Cervical Spine System market. Lack of proper diet and exercise lead to postural defects, which is expected to increase the growth of the Posterior Cervical Spine System market. Improved healthcare infrastructure and technological advancements in spine treatment are some of the factors which can fuel the Posterior Cervical Spine System market. The high cost of surgeries and cervical spine systems is expected to restrain the growth of Posterior Cervical Spine System market. Risks associated with the implant failure can also hinder the growth of Posterior Cervical Spine System market...

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The global Posterior Cervical Spine System market is segmented on the basis of product type, Material type, and end user:

Segmentation by Product Type

Segmentation by Material Type

Segmentation by End Users

Rigid posterior Cervical Spine System

Flexible posterior cervical spine system

Biomaterials

Metals

Hospitals

Ambulatory Surgical Centers

Specialty Orthopedic Clinics

Based on the product type, the Posterior Cervical Spine System market has been segmented into rigid posterior cervical spine systems and flexible posterior cervical spine systems.

Some of the Posterior Cervical Spine Systems are made up of composites, which dissolve after fusion occurs and other posterior cervical spine systems are made up of metal (primarily titanium). Metallic posterior cervical spine systems are expected to hold a large revenue share in the posterior cervical spine system market.

The companies manufacturing the posterior cervical spine systems are majorly focusing on the innovation of new products with some advanced features which can be proved as a beneficial strategy for the growth of the posterior cervical spine system market.

Geographically, global Posterior Cervical Spine System market is segmented into five key regions viz.  North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East Africa. North America will continue to dominate the global Posterior Cervical Spine System market because of the presence of advanced technology high healthcare infrastructure. Asia Pacific can also show high growth in the Posterior Cervical Spine System market because of the presence of a large population. Japan has the highest geriatric population as the birth rate in Japan is low, hence, is expected to hold a high revenue share in the Posterior Cervical Spine System market.

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Global Posterior Cervical Spine System market has few key players. Some of the players identified in the global Posterior Cervical Spine System market are Stryker, Medtronic, Zimmer Biomet, DePuy Synthes, NuVasive®, Inc., Spine Wave Inc., Globus Medical Inc., B. Braun Melsungen AG, Nexxt Spine, LLC.  

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Vertebral Body Replacement Devices Market Revenue to Record Stellar Growth Rate During  2018 – 2026

Vertebral body replacement (VBR) devices are used for insertion between vertebrae to aid surgical spinal stabilization and correction. A vertebral body replacement device is designed to replace and restore the height of part or overall vertebral body specifically that portion of the vertebra which bears weight or has been removed in order to treat tumors. These vertebral body replacement devices and implants allow anatomical matching along with restoration of standard spinal balance. These devices are intended to treat indications including vertebral tumor, anterior column fracture, and vertebral reconstruction after corpectomy. The introduction of new generation vertebral body replacement devices developed on expandable implant technology is projected to propel vertebral body replacement devices market growth over the coming years. For instance, recently in January 2019, Ulrich medical USA, Inc. a medical device has launched a vertebral body replacement device named Solidity™ for complicated spine applications. The vertebral body replacement devices market is categorized based on product type, material type, application type, and end user. Based on product type, the VBR Devices are classified into two types of fixed and flexible VBR systems. However, on the basis of application, the vertebral body replacement devices are intended to be used for cervical, lumbar, thoracic and spinal vertebral replacements.

A rise in the number of spinal surgeries owing to the growing prevalence of spinal surgical procedures that require resection of an overall vertebral body or adjacent intervertebral discs is anticipated to be one of the most prominent factors fueling the growth of vertebral body replacement devices market. Increasing preference for PEEK-based vertebral body replacement devices over metal-based is driving revenue generation in developing countries. The ability of flexible vertebral body replacement device – Implant, possessing stress-strain behavior throughout bending as well as compressive creep testing, coupled with the availability of titanium vertebral body replacement implant with adjustable height are some other factors that are further projected to drive the revenue generation in vertebral body replacement devices market. Moreover, advancing technology such as intervertebral height restoration for cervical, thoracic and lumbar vertebral body replacement is also driving the growth of vertebral body replacement devices market over the forecast period. However, high costs associated with these VBR implants is restraining the vertebral body replacement devices market growth.

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The global vertebral body replacement devices market is segmented on basis of product type, material type, application type, end user and geographic region:

Segmentation by Product Type

Segmentation by Material Type

Segmentation by Application Type

Segmentation by End User

Fixed Vertebral Body Replacement Devices

Flexible Vertebral Body Replacement Devices

Titanium

Polyether ether ketone (PEEK)

Synthetic Polymer

Cervical Vertebral Body Replacement

Spinal Vertebral Body Replacement

Thoracic Vertebral Body Replacement

Lumbar Vertebral Body Replacement

Ambulatory Surgical Centers

Hospitals

Specialty Orthopedic Clinics

On the basis of product type, flexible vertebral body replacement devices segment is expected to grow at the fastest CAGR over the forecast period owing to its ability to exhibit a flexible range of motion thus applying less stress on the surrounding tissue in comparison to a rigid implant. Therefore, a flexible vertebral body replacement device is anticipated to dominate the vertebral body replacement devices market over the forecast period. However, the fixed vertebral body replacement devices segment registers the highest revenue share in vertebral body replacement devices market. Titanium-based vertebral body replacement devices generate more revenue as compared to the PEEK-based vertebral body replacement devices. However, an increase in demand for PEEK-based vertebral body replacement devices is expected to prevail in global vertebral body replacement devices market over the forecast period. Also, vertebral body replacement devices find major applications in thoracic and lumbar reconstruction mainly to treat symptoms of thoracolumbar spine tumors. Specialty orthopedic clinics are anticipated to register the highest growth rate over the forecast period.

North America and Europe cumulatively are anticipated to register the highest revenue share in global vertebral body replacement devices market on the account of the growing incidence of spinal injuries among people in the regions. The introduction of new generation vertebral body replacement device in the U.S. market for spine implant enables North America to hold the significant revenue share in vertebral body replacement devices market. North America is further projected to grow at the highest CAGR over the forecast period due to the strong presence of medical device companies that are entirely focused on manufacturing and commercializing spinal implant technologies. North America is followed by Europe, wherein Europe registers the second largest revenue share in the global vertebral body replacement devices market throughout the forecast period. The growing incidence of spinal deformities and increasing incidence of spinal tumor across the population in Japan and China is expected to drive revenue growth in Asia Pacific vertebral body replacement devices market.

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Some of the key players involved in global vertebral body replacement devices market are DePuy Synthes, Stryker, Ulrich medical USA, Inc., RSB Spine, LLC, JALEX Medical LLC, Victrex plc, Omnia Medical Services Co., Ltd. and others.

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Breast Brachytherapy Market Revenue to Record Stellar Growth Rate During  2018 – 2026

Breast Brachytherapy is a type of accelerated partial breast irradiation (APBI), in which radiation doses are delivered into the tumor cavity in breast cancer with the help of a small radioactive pellet of iridium-192. Breast brachytherapy is beneficial as it is a targeted therapy and provides limited radiation exposure to healthy cells or tissue. Breast brachytherapy has less side effect and better cosmetic results. Breast brachytherapy also allows more treatment options in case of new cancer or recurrence. The main reasoning behind the breast brachytherapy is to exaggerate the treatment to the area having the highest risk of recurrence. Thus handling the affected area of the breast to control cancer also reduce the side effects of radiation therapy and improve the overall quality of life. Breast brachytherapy makes use of radioactive sealed sources which are usually inserted into catheters or applicators and are placed inside the tissue to be treated. Patients have treated breast brachytherapy on an outpatient basis or sometimes involves staying in hospital until the radioactive source gets removed.

Breast cancer is one of the leading cause of mortality globally, especially in underdeveloped countries. According to the World Health Organization (WHO), globally there are around 2.1 million new cases of breast cancer are reported every year and cause the highest number of cancer-related deaths in women. In 2018, there are around 627,000 reported deaths from breast cancer – which is approximately 15% of all cancer deaths among women. The rising prevalence of breast cancer has led to an increase in the number of women undergoing breast brachytherapy. Prevalence of breast cancer is rising at an alarming rate, which is expected to fuel revenue growth of global breast implants market over the forecast period.

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The availability of other accelerated treatment options has slowed the adoption of the breast brachytherapy in recent years.

Breast brachytherapy can be completed in a 4- to 5-day treatment course whereas whole-breast external-beam radiation therapy (EBRT) is a 6-week course of fractionated treatments. Due to this short time frame of treatment, there is a rising popularity of breast brachytherapy after lumpectomy.

Breast brachytherapy can also be used along with external beam radiation for the patients who underwent breast-conserving surgery (BCS) to give an extra boost of radiation to the tumor site. There are different types of brachytherapy. Such as Interstitial brachytherapy and Intracavitary brachytherapy.

To gain a comprehensive and better understanding of the future market equity, the Breast Brachytherapy Market is segmented based on dose rate given, by device type and region.

Based on the dose rate given, the Breast Brachytherapy Market is segmented into:

High Dose-Rate (HDR) Breast Brachytherapy

Low Dose-Rate (LDR) Breast Brachytherapy

Pulse Dose Rate (PDR) Breast Brachytherapy

By device type, the Breast Brachytherapy Market is segmented into:

After Loaders

Applicators

The North America Market for breast brachytherapy is expected to hold a major share in the global breast brachytherapy market. The rise in breast cancer prevalence along with increasing awareness in the North American region is expected to significantly drive the market growth of breast brachytherapy. Due to the large population, the Asia Pacific countries including China and India is expected to be the most lucrative breast brachytherapy market. On the other hand, due to substandard healthcare infrastructure, the countries in the MEA region is expected to witness moderate growth in breast brachytherapy market.

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Examples of some of the key participants in the Breast Brachytherapy Market identified across the value chain include Argon Medical Devices Inc., C. R. Bard Inc., Eckert & Ziegler, Elekta AB, IsoAid, IsoRay Medical Inc., and Varian Medical Systems Inc.

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Peripheral Drug Eluting Balloon Sales Forecasts Reveal Positive Growth Through 2026

Peripheral drug eluting balloon or peripheral drug coated balloon is the angioplasty balloon, used for the treatment of peripheral vascular diseases. Peripheral drug eluting balloon is covered with lipophilic anti-proliferative drugs. When the drug eluting balloon reaches the vessel, during inflation of the balloon the drugs are released into the vessel wall. These drugs are released at a minimum inflation time and nominal pressure. Because of the lipophilic nature of the active substance on the peripheral drug eluting balloon, the drugs are absorbed at a minimal time to the vessel wall. The drug eluting balloon is used in re-stenotic lesions to treat luminal loss and neointimal hyperplasia. Peripheral drug eluting balloon procedure is an advantageous option for the treatment of peripheral vascular diseases or peripheral artery disease. The major disadvantage of stenting or percutaneous transluminal balloon angioplasty is the occurrence of restenosis. The peripheral drug eluting balloon inhibits the growth of neointimal hyperplasia and luminal loss.

The growing prevalence of peripheral artery diseases (PAD) is one of the major reason for the growth of Peripheral Drug Eluting Balloon Market. Peripheral artery disease is primarily caused by the buildup of fatty plaque in arteries. Rise in the number of peripheral artery disease cases, i.e., approximately 20% of adults 55 years of age and older, owing to change in lifestyle habits, smoking, pollution, and other factors contribute to the growth of the Peripheral Drug Eluting Balloon market for peripheral drug eluting balloon. More focus on the prevention and treatment of peripheral artery disease in low- and middle-income economies is expected to drive the growth of the market for peripheral drug eluting balloon. The increasing prevalence of peripheral artery disease is fuelling the demand for peripheral drug eluting balloon market.

According to CDC, approximately 8.5 million people in the U.S. suffer from PAD, including 12–20% of individuals older than age 60. This increasing prevalence of peripheral artery diseases and growing healthcare expenditure in lower-middle income countries is projected to boost the growth of the global peripheral drug eluting balloon market over the forecast period.

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The increasing graying population is prone to PAD. PAD prevalence is age-related and according to the American Heart Association, Inc., the prevalence of PAD is rising by more than 10% in the patients in their 60 and 70 years of age. According to the Population Reference Bureau, (2016), the American population aged 65 and more are expected to be more than double to over 98 million by 2016 from 46 million. The rise in geriatric population is expected to positively influence the market of peripheral drug eluting balloon.

Increase in smoking, alcohol consumption, genetic disorder, and lifestyle changes are the major factor behind the growth in PAD cases and also contributing factor for the growth of the peripheral drug eluting balloon market.

Peripheral vascular intervention is an effective treatment for patients with peripheral artery disease and modification in reimbursement policies encourage the number of outpatients in developed countries. Reimbursement policies and government initiatives towards the peripheral drug eluting balloon procedure in middle- and low-income economies are also expected to boost the growth of the peripheral drug eluting balloon market for peripheral drug eluting balloon over the forecast period.

To gain a comprehensive and better understanding of the future market equity, the Peripheral Drug Eluting Balloon Market is segmented based on the type of lesions and region.

Based on the type of lesions, the Peripheral Drug Eluting Balloon Market is segmented into:

Peripheral Drug Eluting Balloon for superficial femoral artery

Peripheral Drug Eluting Balloon for popliteal lesions

Peripheral Drug Eluting Balloon for infra-popliteal lesions

Peripheral Drug Eluting Balloon for in-stent restenosis

Rise in geriatric population and the rising awareness is the major reason for the significant growth of peripheral drug eluting market in the North American region. European countries and the Asia Pacific countries are expected to witness lucrative market growth owing to increasing demand for healthcare services. On the contrary, due to substandard healthcare infrastructure, the countries in the MEA region is expected to witness moderate growth in breast brachytherapy market.

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Examples of some of the key participants in the Peripheral Drug Eluting Balloon Market identified across the value chain include Biotronik, iVascular, EuroCor, Spectranetics, Minvasys, Cardionovum, Medtronic Plc., and Boston Scientific.

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High Fiber Feed Market Structure Analysis for the Period  2018 – 2027

The latest market report by PMR, titled 'High Fiber Feed Market: Global Industry Analysis 2013–2017 and Forecast 2018–2027', provides some key insights on the global high fiber feed market in terms of volume and value. As per the report, the global high fiber feed market is expected to grow at an attractive CAGR of 4.2%, and be valued at US$ 383.4 Mn by the end of forecast period. PMR offers several vital insights about the global high fiber feed market scenario with several forecasting factors.

The Equines Segment is expected to Have a Prominent Market Value Share of 24% in 2018, and Exhibit a Healthy CAGR of 5.0% over the Forecast Period in the Global High Fiber Feed Market

By livestock, the global high fiber feed market can be segmented as ruminants, equines, poultry, swine, pets, aquatic animals, and others. The equines segment holds a prominent market share in terms of value over the forecast period. This is can be credited due to the increasing demand for high fiber feed for horses, as high fiber feed provides a healthier digestive tract, thus making horses look good and perform better. An increase in the demand for high fiber feed from the ruminants segment is expected too, as it increases feed intake, improves digestibility, and ultimately enhances production.

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The High Fiber Feed Market in North America is expected to hold a Prominent Share of 33.6% in Terms of Value by the End of the Forecast Period

The global high fiber feed market has been segmented as Asia Pacific, North America, Latin America, the Middle East & Africa, and Europe. In the global high fiber feed market, the North American region is expected to have a high market value share of 24.6% by 2018, owing to the rising awareness about the benefits of the use of high fiber feed with proper formulation of feed for animals in order to enhance the productivity and performance of the animals.

However, the high fiber feed market in North America is expected to grow at a lower CAGR than the other regions, since it is a mature market. The high fiber feed markets in the Asia Pacific and MEA regions are expected to grow at a rapid pace, with APAC exhibiting a CAGR of 5.0%, owing to the growing animal and animal feed demand from these regions.

By Source Ingredient, the Soybean Segment is expected to be the Most Attractive Segment, and is Expected to Create an Absolute Dollar Opportunity of 30.6 Mn by 2027 over 2018

By source ingredient, the soybean segment is expected to be a prominent segment in the global high fiber feed market, both in terms of value and volume. This can be attributed to the high nutritive value of soybean as well as growing popularity of soybean hull feed ingredients.

By source ingredient for high fiber feed, the wheat and corn segments are expected to grow at healthy CAGRs due to the easy availability and low prices of wheat middling & bran and corn germ across the globe.

The other source ingredients for high fiber feed such as oats, Alfalfa meal, canola meal, cotton seed meal, etc., are also gaining traction due to the growing popularity of compound feed and feed supplementation, and hence, the demand for these ingredients is expected to grow in the high fiber feed market.

High Fiber Feed Market: Key Players

The report concludes with a competitive landscape of key players operating in the global high fiber feed market space. The competitive landscape puts light on their key offerings, strategies, and financials, as well as the global presence of the major players.

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Some of the key players in the global high fiber feed market are Triple Crown Nutrition Inc., Archer Daniels Midland Company, Dengie Crops Ltd, , Gulshan Polyols Ltd, , Manna Pro Products LLC., Muenster Milling Company, Ricegrowers Ltd, Roquette Frères, Alltech Inc., Mars Horsecare UK Limited, Colorado Mills, Cargill Inc., and others.

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Testing Inspection And Certification Market Structure Analysis for the Period  2018 – 2028

The global

testing, inspection, and certification market

is projected to experience the CAGR of 5.3% during 2018–2028. Europe is estimated to account for a significant market value share throughout the forecast period.PMR delivers key insights on the global testing, inspection and certification market, in its revised report titled 'Testing, Inspection, and Certification Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028'. The long-term outlook on the global testing, inspection and certification market is anticipated to remain positive, with the market value expected to increase at a CAGR of 5.3% over the forecast period. On the basis of service, the testing segment is expected to wield a prominent share in the market throughout the forecast period.Europe, spearheaded by Germany, is anticipated to generate maximum revenue from testing, inspection and certification services over the forecast year. The market in East Asia, in the global testing, inspection and certification market, is expected to observe substantial growth over the forecast years.Request For Report Sample@

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Global Testing, Inspection, and Certification Market DynamicsThe introduction of stringent regulations pertaining to environment, health, and safety across various geographies is pushing the demand for testing services, further increasing the outsourcing of testing, inspection and certification services. This is one of the key factors that is expected to escalate the growth of the global testing, inspection and certification market over the near future.Lack of internationally accepted standards is found to be one of the key factors restraining the growth of the testing, inspection and certification market. Regulations and standards vary between different types of products and services. Meeting international standards often results in an increased cost, as this is likely to change the design of a particular product or service.Tier-1 and tier-2 players in the global testing, inspection and certification market are found to be continuously involved in market consolidation activities through mergers and acquisitions across the globe. As per various data sources, more than 150 deals are closed, annually, in this market.Some of the prominent players involved in the global testing, inspection, and certification market are focusing on expansion into emerging markets such as China and India, mainly through acquisitions and deals with new tax and legislative regimes.Global Testing, Inspection, and Certification Market ForecastAmong the service segments, as per market insights, the testing segment is anticipated to account for a prominent share of the overall testing, inspection and certification market. The testing segment is pegged to be followed by the inspection and certification segments over the forecast years.In the global testing, inspection and certification market, the market in Europe accounts for a lion’s share, and is expected to continue its dominance throughout the forecast years. The East Asia market is expected to grow at an above-average CAGR in the global testing, inspection and certification market.Global Testing, Inspection and, Certification Market: Competitive LandscapeSome of the market participants included in the report on the testing, inspection and certification market are SGS SA, Bureau Veritas SA, DEKRA, Intertek Group plc, Eurofins Scientific Group, TUV SUD AG, TUV Rheinland AG, DNV GL, UL LLC, Applus, MISTRAS Group Inc., ATRAC Group, Apave International, ALS Global, Compoende Beneficiamento De Pecas Ltda, TUV NORD GROUP, KIWA NV, Favarerto SA, ASTM International, OIL TEST INTERNATIONAL, LENOR Group, Genesis Group, OPUS Group AB, CSA Group, Element Materials & Technology, Cugnier, RRMG Ltda, etc.Request For Report Table of Content (TOC):

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The global testing, inspection and certification market is found to be significantly fragmented, owing to the presence of various local as well as regional players across the globe. Top 10 players in the market across the globe are expected to account for less than 40% of the overall testing, inspection and certification market. Mergers and acquisitions across different application verticals are found to be the key strategies that are being adopted by testing, inspection and certification service providers.

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Invisible Orthodontics Market Revenue to Record Stellar Growth Rate During  2018 – 2028

According to the latest research, the global invisible orthodontics market is projected to account for a market value of US$ 4,860.4 Mn by the end of 2028. The PMR report has projected healthy growth potential for the invisible orthodontics market throughout the forecast period.

Malocclusion is a malrelationship of the dental arches or irregularity of the teeth and is considered as a prominent public health problem due to its growing prevalence alongside prevention and treatment possibilities. In terms of prevalence, malocclusion is pegged to rank third among oral pathologies, after tooth decay and periodontal disease.

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Malocclusions can lead to various implications such as disturbances of oral function, including swallowing, mastication and speech, greater susceptibility to periodontal disease and trauma, and psychosocial problems related to impaired dentofacial aesthetics. Significantly increase in the adoption of orthodontics treatment, owing to the increased prevalence of malocclusions and dental diseases further increases the use of invisible orthodontics such as braces and brackets systems. Various manufacturers in the invisible orthodontics market are focusing on developing invisible braces, owing to the increasing adoption of invisible orthodontics products over traditional metal braces.

The demand for invisible orthodontics in treating both adolescents and adults and development of better treatment options are on the rise. Improvement in invisible orthodontics technology with the development of new aesthetic material, computerized imaging systems, and distraction osteogenesis will further increase the demand for invisible orthodontics. The development and adoption of novel technologies in invisible orthodontics helps in enhancing the level of treatment and delivering impressive results for the treatment of orthodontics procedures.

The global invisible orthodontics market can be segmented on the basis of product type, application, age group, end user and region.

In terms of revenue, the clear aligners segment of the invisible orthodontics market is expected to remain prominent during the forecast period.

By application, the crowding segment of the invisible orthodontics market is expected to hold a significant share during the forecast period.

By age group, the adult segment of the invisible orthodontics market is expected to be the most lucrative during the forecast period.

By end user, the hospitals segment is expected to be the most lucrative segment in the invisible orthodontics market during the forecast period.

By region, North America is pegged to be a prominent region in the global invisible orthodontics market.

The development and adoption of novel technologies helps in enhancing the level of treatment and delivering impressive results for orthodontic procedures. With the introduction of clear, self-ligating and invisible braces in orthodontics, which are far more efficient, effective and discreet, teeth can be straightened without elastic bands with aligners and clear ceramic braces such as Invisalign, which are hardly noticeable. This further increases the acceptance of these procedures, which in turn drives the invisible orthodontics market.

The increasing dental healthcare expenditure has been contributing to the growth of the invisible orthodontics market. According to CMS, the spending on dental services increased by 3.2% to $129.1 Billion in 2017. While private health insurance increased by 2.8% in the same year, the out-of-pocket spending on dental services grew by 2.5% (accounting for 41% of dental spending).

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The report also profiles some of the key companies operating in the invisible orthodontics market, which include 3M Company, Dentsply Sirona, Straumann Group, Henry Schein, Inc., Align Technology, Inc., Danaher Corporation (Ormco), TP Orthodontics, Inc., American Orthodontics, DynaFlex, and Bernhard Foerster GmbH.

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Education Erp Sales Forecasts Reveal Positive Growth Through 2028

Persistence Market Research (PMR) recently published a market report titled “Education ERP Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.” According to the report, the education Enterprise Resource Planning (ERP) market was valued at US$ 7.8 billion by the end of 2018, and is expected to grow nearly 3X larger by revenues, by the end of the forecast period. The PMR report attributed the growth in the education ERP market to the rising adoption of smart and innovative education platforms and solutions, such as education ERP and E-learning solutions.

In today’s rapidly changing electronics market, education institutions are using education ERP solutions for planning, controlling, and delivering data effectively. The usage of education ERP software solutions is essential for reducing the risks and protection from data-related problems. The increasing complexity and functionality of traditional management technology have created potential opportunities for the growth of the education ERP market.

Internet-based Systems Transforming the Education Sector Trigger the Market Growth

Education ERP is an Internet-based ERP software solution, which is used to manage student information system, school management system, training management, and many more. Education ERP helps teachers, staff, students, and parents to efficiently utilize the data by automating processes in a structured and organized manner. Several companies are providing education ERP software solutions for higher education, especially for colleges and universities.

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However, there are some challenges that are faced by the manufacturers of education ERP solutions. Consumers in several regions, such as South Asia, Latin America, and MEA, are price-sensitive and more focused on the latest features and technologies. Nevertheless, high import taxes on consumer electronic devices, such as eBook readers, smartphones, tablets, notebooks, etc., are deterring consumers from buying consumer electronic products. This is the primary factor that is expected to adversely affect the growth of the education ERP market over the forecast period.

Demand for SaaS-based Education ERP Remains Highest in Primary and Secondary Education

PMR has segmented the education ERP market by component, user type, deployment type, and region. By user type, the education ERP market is segmented into kindergarten, primary & secondary, and higher education. The primary and secondary education institutes are projected to hold a prominent share of the education ERP market over the forecast period. This segment is expected to enable the education ERP market to register the highest growth rate during the forecast period due to the increasing number of educational institutions and the demand for SaaS-based education ERP solutions.

By component, the education ERP market is segmented into Student Information Systems (SIS), Learning Management Systems (LMS), Student Assessment Systems (SAS), Library Management Systems, Classroom Management, Fee Management Systems, Hostel Management Systems, and Others. In the Education ERP market, the fee management systems subsegment is playing a crucial role by providing multiple services to educational institutions globally.

Increasing Adoption of Tech-based E-Learning Tools: An Emerging Trend in the Market

Moreover, over the last few years, the demand for technologically advanced products, especially E-learning electronic products, has registered significant growth across the world, especially in the education ERP market. The governments of various countries across the world have undertaken several initiatives for the development of the education sector by deploying multiple smart solutions and services.

According to PMR analysis, collaborations with other ERP solution providers are likely to help increase business revenue, and new innovation strategies, which will enable the developers of education ERP software solutions to reach potential customers in emerging markets. This is also expected to enable them to increase their revenue sales.

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SAP AG, Blackbaud, Inc., and Oracle Corporation are estimated to hold the largest shares of the education ERP market during the forecast period. Some of the vendors of education ERP solutions profiled in the education ERP market report are Blackbaud, Inc., SAP AG, Oracle Corporation, Dell Inc., Adobe Systems, Infor, Inc., Epicor Software Corporation, Ellucian, Workday, Inc., and Foradian Technologies.

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Bone Marrow Transplantation Market Revenue to Record Stellar Growth Rate During  2018 – 2028

In addition to rapid expansion of bone marrow donor registry, increasing commercialization of cellular therapy and tissue engineering, increased survival rate post bone marrow transplant procedures, and easier access to treatment will be some of the most prominent factors driving the bone marrow transplantation market.

According to the latest research by Persistence Market Research, the global bone marrow transplantation market is expected to exceed US$ 12 Bn by the end of 2028. The bone marrow transplantation market is expected to grow at a CAGR of 3.6% through the forecast period 2018-2028.

North America Will Continue to Lead the Pack in Bone Marrow Transplantation Market

Increasing per-capita healthcare and private insurance expenditure is a major factor that is expected to maintain the high demand for technologically advanced treatment procedures, such as bone marrow transplantation, over the forecast period. Increasing blood cancer cases and geriatric population are among the key factors expected to boost the demand for bone marrow transplantation in North America.

The increasing prevalence of myeloma in the region is leading to an increase in the execution of bone marrow transplantation procedures through the allogeneic method. Companies engaged in stem cell therapies are expanding their product portfolio to offer sound treatment solutions for diseases caused while undergoing the allogeneic transplant method. The availability of more than 90% unrelated donors and high healthcare expenditure are among the factors driving the overall bone marrow transplantation market in North America at present.

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The American Society for Blood and Marrow Transplant reported an increasing prevalence of leukemia and lymphoma in patients aged 65 years and above, and this age group constituted 25-30% of the total number of bone marrow transplantation recipients in 2014. In 2015, the Senate and House of Representatives of the US reauthorized the Stem Cell Therapeutic and Research Act of 2005, which led to an increase in the US unrelated donors’ registry to 200,000 donors.

Germany Will Steer Europe’s Market for Bone Marrow Transplantation

Rise in per capita GDP is expected to improve the healthcare expenditure in countries such as Germany and Spain. Government policymakers are forcing healthcare providers and public payers to disclose the cost charged and reimbursed to maintain price transparency. Healthcare organizations in Germany spend most of their research funding on adult stem cell research.

Furthermore, Germany spends 11.3% of its GDP on healthcare, which is above the global average. This, in turn, has led to the presence of better healthcare facilities and more advanced research findings on various healthcare issues such as bone marrow transplantation.

Among the 680 centers throughout the Europe, 226 (35%) centers are dedicated to autologous bone marrow transplantation in 2014, with most of the transplants intended for non-malignant disorders. These factors are expected to drive the bone marrow transplantation market in Europe.

APAC Reflects Lucrative Potential for Penetration of Bone Marrow Transplantation Procedures

Rise in the number of bone marrow transplantation centers and expanding donor registry are among the factors expected to reduce the gap between bone marrow transplantation providers and recipients in the Asia Pacific bone marrow transplantation market. The availability of modern healthcare amenities, along with the presence of several companies engaged in stem cell therapies in China, Australia, and Japan, is expected to be a key factor driving the overall bone marrow transplantation market in Asia Pacific.

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After the introduction of alleviating procedures for Peripheral Blood Stem Cell (PBSC) transplant, there has been an increase in the number of allogeneic HSCT procedures using PBSC (64% of the total HSCT) in Australia & New Zealand, which is another factor contributing to the growth of the bone marrow transplantation market in the region.

A survey by the Eastern Mediterranean Blood and Marrow Transplant (EMBMT) Group suggests that non-malignant indications accounted for a 36.5% share of the total bone marrow transplantation activities carried out in the MEA region. Countries such as Dubai and Qatar are undertaking initiatives to develop national bone marrow registries to enhance bone marrow transplantation rates.

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Global Fibrinogen Testing Market to Witness Rapid Growth in Demand During 2018 to 2028

The fibrinogen testing reagents market observes a dynamic nature of consumer preference for each product as part of their operating instrument. Though, there have been no significant technological advancements in the development of reagents since many years now. The applications and usage still remain the same, but the influx of new manufacturers in the fibrinogen testing reagents market surely assures a much more competitive market space than it currently is.

There are several factors for the fibrinogen testing reagents market to grow in the coming years, as bleeding conditions in the US, followed by India and China, are expected contribute to the largest consumer base for fibrinogen testing reagents.

According to the latest research by PMR, the global fibrinogen testing reagents market is estimated to have accounted for US$ 116.3 Mn in terms of value during 2017. The report on the fibrinogen testing reagents market further projects that, the market is likely to grow at a CAGR of 8.9% during the forecast period 2018-2028.

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Rising Preference for the Convenience of Online Services Favoring Sales of Fibrinogen Testing Reagents

An increase in the online sale of products and ordering of online tests have positively impacted the growth of the global fibrinogen testing reagents market. Several laboratories offer online services, wherein, patients can order their desired tests, while the testing is taken care of by a laboratory. The adoption rate of online services is higher in countries such as the UK and the US. Such differences lead to a better market space for fibrinogen testing reagents.

Also, a rise in the awareness among people about blood condition diseases has led to an increase in acceptance of disposable products. Parallel influences of diagnostic consumables have a positive impact on the overall fibrinogen testing reagents market.

The fibrinogen kits segment is the leading segment in terms of revenue, by reagent type, in the fibrinogen testing reagents market, registering a 71.4% revenue share in 2017. After fibrinogen kits, the multifibren U reagents and omidazole buffer kits are expected to follow in the fibrinogen testing reagents market, by reagent type.

Fibrinogen testing reagents are most widely used for the diagnosis of end-stage liver disease. The end-stage liver disease segment, by indication, is thus expected to dominate the fibrinogen testing reagents market in term of revenue over the forecast period of 2018-2028. Among all end users in the fibrinogen testing reagents market, the hospitals segment is the most lucrative segment, and this is followed by the diagnostic laboratories segment.

East Asia Likely to Emerge Lucrative for Fibrinogen Testing Reagents Market

While Europe has been a prominent regional market for fibrinogen testing reagents, followed by North America, the former will maintain a significant revenue share of nearly a third of the fibrinogen testing reagents market. and is estimated to have registered a revenue share of 31.4% in 2017.

The report has cited East Asia as an attractive region for fibrinogen testing reagents market players. South Korea, South Africa, and Russia are some of the lucrative countries reflecting high growth potential for the fibrinogen testing reagents market, according to the report. South Korea has been projected as one of the fastest thriving markets for the global fibrinogen testing reagents.

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Leading Players in Fibrinogen Testing Reagents Market Strategizing on Expansion in Emerging Regions

The fibrinogen testing reagents market report tracks some of the key companies that are operating in market. Some such companies are Siemens Healthcare GmbH, Thermo Fisher Scientific Inc., Grifols S.A., Helena Laboratories Corporation, Diagnostica Stago S.A.S., Tulip Diagnostics (P) Ltd., and Werfen.