Advanced Ceramics Market is expected to reach USD 134.58 billion by 2024

The global advanced ceramics market is expected to reach USD 134.58 billion by 2024, according to a new report by Grand View Research, Inc. Rising product demand in numerous end-use industries on account of their longer life span, cost effectiveness as opposed to their conventional counterparts is expected to have a positive impact on the market over the next eight years.

Rising automobile demand among consumers on account of changing lifestyle and increasing disposable income is expected to fuel product need over the forecast period. In addition, the product has been substituting metals and plastics in high performance applications in the automotive sector which will propel industry growth over the projected period.

Advanced ceramics have been gaining high acceptance among consumers over the past few years due to rising awareness regarding their benefits such as high tensile strength, biodegradability and durability. Rising environmental concerns are expected to further fuel product demand over the next eight years.

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Further key findings from the study suggest:

• Global advanced ceramics market value was USD 56.70 billion in 2015 and is projected to reach USD 134.58 billion by 2024, growing at a CAGR of 10.2% from 2016 to 2024
• Titanate ceramics are expected to be the fastest growing material segment at a CAGR over 11.5% from 2015 to 2024 in terms of revenue on account of their increasing use as capacitors. Rising need for energy storage globally is expected to boost product demand
• Monolithic ceramic market was estimated at over USD 45 billion in 2015. The product is employed in various lining and insulation applications as they can withstand extremely high temperatures, and are resistant to abrasion as well as thermal shock. These factors are expected to positively impact industry growth over the forecast period.
• Bioceramics application segment was valued at over USD 2 billion in 2015. It is expected to be the fastest growing segment on account of its increasing use in hip and joint replacements
• Medical sector was estimated at over 6 billion in 2015. Rising demand from this industry for various applications such as tissue & bone replacements, and dental implants is expected to propel product demand over the next eight years.
• North America was the second largest market and is expected to grow at a CAGR over 9.5% from 2016 to 2024 in terms of revenue. Strict environmental regulations have led to increased product use as it aids in pollution control. In addition, stringent emission standards in Europe and North America are expected to provide growth opportunities for ceramic filters over the next eight years.
• In November 2015, Oerlikon signed an agreement to acquire the advanced ceramics business of Laser Cladding Services, LLC. In July 2015, Morgan Advanced Materials invested in the semiconductor market. to optimize its manufacturing capabilities

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Point Of Care Diagnostics Market is anticipated to reach USD 20.9 billion by 2024

The global point of care (PoC) diagnostics market is anticipated to reach USD 20.9 billion by 2024, according to a new report by Grand View Research, Inc. Rise in the R&D funding and research activities amongst the market players in order to introduce novel POC tests and devices for ease of disease detection and monitoring is expected to fuel industrial progress through to 2024.

Moreover, the introduction of favorable regulatory initiatives in order to promote the development and adoption of POC diagnostic tests is anticipated to propel growth in the coming years. Furthermore, advancement of diagnostic laboratories and adaptation of more integrated and automated lab systems are also factors expected to fuel demand for advanced workflow systems and drive the digital pathology and workflow segment through to 2024.

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Further key findings from the study suggest:

• Glucose testing accounted for the largest share in revenue in 2015 owing to the higher prevalence of diabetes. Presence of significant product portfolio pertaining to glucose testing in the market and the presence of a number of major players as wells as local manufacturers from different regions are factors attributive to contribute substantially to the revenue generated.
• Hb1Ac POC tests are more reliable for glucose testing and due to the vast patient base for diabetes management, this segment is second in terms of revenue generation in the POC market only to its counterpart. Owing to the presence of glucose testing segment as a potential market and growing cost effectiveness of Hb1Ac tests, it is expected that over the coming decade it will witness considerable growth in demand and usage 
• POC tests for infectious disease testing, is another segment of prime activity in the point of care industry. This segment includes rapid diagnostic tests for a considerable number of diseases including HIV, HBV, RSV, HPV, Influenza, HCV, MRSA, TB/dr-TB & HSV among others.
• Owing to the growing incidence of a number of infectious diseases, initiatives taken by a number of governments to implement early diagnosis and screening, and development of rapid tests able to distinguish between a wide number of pathogens this segment has been observed to be at the demand receiving end in the industry for the better half of the last decade and is only expected to witness growth in demand.
• Hospitals are estimated to be the dominant end-users for POC diagnosis industry owing to higher penetration of products and comparatively higher usage rate for disease monitoring and diagnosis.
• North America dominated the market in 2015, with over 43% of total revenue. Presence of major entities with widespread distribution network coupled with significant number of research endeavors carried out in the U.S is supportive for the largest share of region. Moreover, point of care diagnostics is a relatively more advanced segment of in vitro diagnostics and owing to the presence of high R&D expenditure, availability of a technologically advanced healthcare infrastructure along with the presence of a number of ongoing government funded research projects are factors accounting for the region’s large share.
• Asia Pacific is projected to witness lucrative growth in the coming years owing to the developments carried out in developing economies herein in order to develop the healthcare infrastructure and reduce the incidence of target diseases.
• Major participants of this market include Roche, Abbott Laboratories, Siemens Healthcare, Danaher Corporation, BioMerieux, Johnson & Johnson, Abaxis Inc., Alere Inc., Qiagen N.V., Spectral Diagnostics, Instrumentation Laboratory, Nova Biomedical, Nipro Diagnostics, Trinity Biotech, and Sekisui.
• Participants are involved in adopting competitive strategies in order to enhance the market presence. These companies are also involved in collaborations with hospitals in order to maintain the market share.
• For instance, in April 2015, Nipro diagnostics participated in an industry event named AMCP (Academy of Managed Care Pharmacy) in support of providing care to the patients with diabetes.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Chemoinformatics Market is expected to reach USD 21.18 billion by 2024

The global chemoinformatics market is expected to reach over USD 21.18 billion by 2024 according to a new report published by Grand View Research, Inc. Some major determinants influencing the market growth include the constantly improving modern drug development processes, increasing use of in-silico techniques in research, and the advantages associated with employing the chemoinformatics approach, such as the reduction in the overall R&D expenditure during the drug development process.

The ever increasing growth of the drug development market will boost the demand for chemoinformatics owing to its numerous applications in drug designing at various stages. Right from target identification to its development as a potential drug candidate, chemoinformatics tools play a crucial part.

The significant contributions of the varying in silico tools in the generation of hits through the High Throughput Screening(HTS) process, target compound selection, virtual structure generation, Pharmacokinetic property and toxicity prediction of chemical compounds, and the quantitative-structure relationship determination have been a major driving force for the growth of the chemoinformatics market.

The heavy costs incurred along with the long time span invested in the drug discovery process has made the integration of the chemoinformatics techniques essential in the research activities. It aids the scientists and chemical researchers in making better decisions pertaining to drug discovery and other related research studies. Furthermore, the increasing demand for efficient and effective medicines, rising investments in R&D, growing geriatric population, and the burgeoning number of individuals with lifestyle related diseases are expected to positively reinforce the market growth. The key applications of the chemoinformatics tools and softwares in drug designing and discovery has been its largest application and is expected to grow further with further advances in the drug discovery process.

Chemoinformatics has made marked contributions to the areas of chemical drug development and research. The growth of this field is driven by the continually generated raw data in screening operations and research studies. Chemoinformatics in silico tools aid in effective data management, which facilitate data retrieval and analysis thus providing large databases of accessible information to scientists involved in both, the drug development process and other research related studies.

The development of three dimensional chemical structure databases has been a significant achievement in the field of chemoinformatics as it has significantly aided the research process. Applications of chemoinformatics platforms in computer-assisted synthesis designing, computer-assisted structure elucidation, and chemometrics have further contributed to the market growth.

The advancements in computational technology have been a high impact rendering driver for the market growth. In this direction, the development of super computers and silicon graphics computer for calculations, 3D structure generation, molecular graphics, and complex data display have been pivotal in propelling the growth of the chemoinformatics market. With the advent of advanced WEB technologies and their incorporation in the in-silico computational techniques have totally revolutionized this field.

The increasing needs for advanced and efficient technologies to yield better results has made the chemoinformatics area an indispensable part of the pharmaceutical industry. The surging need for therapeutically-effective medicines coupled with the increasing investments in the R&D area and the advancements in computer technologies provide lucrative opportunities to the market for it to grow and flourish in the near future.

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Further key findings from the study suggest:

• In 2015, North America dominated the chemoinformatics market with a revenue share of over 36% on account of the following factors:  the high investments pertaining to the R&D initiatives, technological advancements, the presence of major players in the drug manufacturing industry, and the increasing prevalence of lifestyle-related diseases. With respect to the global R&D spending, North America holds the largest share. Also, it holds a major share in the ADME-toxicology market that further spurs the growth of the chemoinformatics market.
• Asia Pacific is identified as one of the fastest growing regional markets, growing at a lucrative CAGR of 18.3% during the forecast period. The growth of this market can be attributed to the growing research activities being conducted in economies, such as India, China, and Singapore. The key advantages associated with undertaking research activities in these countries include the low manufacturing and labor costs and the less stringent regulations, which attract many multinational players to the Asia Pacific region. Additionally, the government initiatives and funds that are deployed to improve the R&D infrastructure will further drive the market growth.
• Key players operating in the market include Agilent Technologies, Inc., BIOVIA (Accelrys), Bio-Rad Laboratories, Inc., CambridgeSoft Corp., ChemAxon, Inc., ACD/Labs, Inc., Schrödinger, LLC, and Chemical Computing Group, Inc. Additionally, the rising demand for in-silico techniques in the research sector is expected to provide new market entrants with profitable opportunities thereby driving the market growth.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Nitric Acid Market is expected to reach USD 14.00 billion by 2022

Global Nitric Acid market is expected to reach USD 14.00 billion by 2022, according to a new study by Grand View Research, Inc. Nitric acid is used in the manufacturing of various chemicals including adipic acid, ammonium nitrate, toluene di-isocynate and nitrobenzene. Increasing demand from end-use industries including polyurethane foams, elastomers, coatings along with floor and wood finishes, lacquers, foam plastics, polyurethane foam coated fabrics, and insulation materials is expected to propel nitric acid market growth over the forecast period.

Adipic acid was a key application of nitric acid accounting for 2,274.0 kilo tons of global demand in 2014. Over 80% of adipic acid produced globally is used in the manufacturing of nylon fiber and resin. Nylon 6,6 finds application in the automotive industry as a substitute to heavy metals in order to reduce the overall weight of vehicles, thus reducing carbon emissions. Increasing use of nylon 6,6 in automobiles is expected to augment adipic acid production, thus influencing nitric acid market demand over the forecast period.

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Further key findings from the study suggest:

• Fertilizer application of nitric acid was the largest in 2014 accounting for over 75% of the global market. Nitric acid is captivity consumed for ammonium nitrate production, around 80% of which is used as a fertilizer or as an intermediate for fertilizer manufacturing. Increasing concerns regarding use of ammonium nitrate as a fertilizer resulting in rising soil salinity has led to a number of regulations by authorities including EPA and REACH, restricting market demand.
• Central & Eastern Europe dominated the global nitric acid market with demand exceeding 21.0 million tons in 2014. However, North America and Europe are expected to witness a significant loss of share by over 2.0% over the forecast period in light of adverse environmental effects relating to use of nitric acid fertilizers. Stringent regulations in Europe and North America on the use of ammonium nitrate based fertilizers are expected to shift demand to Asian countries.
• Asia Pacific is anticipated to witness high growth at a CAGR of 2.9% from 2015 to 2022 on account of increasing nitric acid consumption in emerging economies including China and India. China witnessed the fastest growth in rate of production and consumption among all regions over the past five years. Agriculture based economies of Asia Pacific and Latin America are expected to generate nitric acid demand for ammonium nitrate production due to less regulations in these regions.
• Global nitric acid market is highly concentrated with major players including BASF SE and Dow Chemical Company holding a lion’s share. BASF SE, a chemical giant has forward integrated through the entire value chain to produce ammonia, nitric acid and compounds such as adipic acid and isocynate along with fertilizers. Agrium and Koch Nitrogen Company are engaged in manufacturing of nitrogen-based fertilizers such as ammonium nitrate and ammonia. Companies including Angus and Bayer Material Science are key manufacturers and suppliers of nitric acid on a global scale.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Dimer Acid Market is expected to reach USD 2.30 billion by 2024

The global dimer acid market is expected to reach USD 2.30 billion by 2024, according to a new report by Grand View Research, Inc. Growing consumption of polyamide resins in marine coatings is a major growth driving factor over the forecast period. Increasing oilfield chemicals demand which uses dimer acid as feedstock owing to rising drilling activities to meet excess energy demand is also expected to drive the demand growth. 

Asia Pacific and Latin America are expected to witness brisk growth owing to increasing construction activities in the regions. Emerging economies such as China and India along with Southeast Asia have been witnessing significant construction spending due to urbanization and industrial growth. 

The industry faces challenges in terms of raw material availability. The fatty acid production which is largely done through vegetable oils has been facing high demand from food & biofuels industries, therefore tightening its supply for production of dimer acid. 

Another challenge market participants face is the low biodegradation rate of products made of these acids. Considering increasing importance for recyclability of materials, development of novel technologies to tackle the issue is crucial for development prospects. 

Reactive polyamide resins segment was the dominant application accounted for over 40% of the overall volume in 2015. High demand for epoxy, marine and flooring coatings to drive the segment growth at a CAGR of 4.3% from 2016 to 2024.

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Further key findings from the study suggest:

• Global dimer acid market demand was 467.4 kilo tons in 2015 and is expected to reach 671.7 kilo tons by 2024, growing at a CAGR of 4.0% from 2015 to 2024
• The nonreactive polyamide resin is expected to exhibit considerable growth accounting for over 40% of total market volume by 2024. The increasing use of nonreactive polyamide resins, which are based on dimers, for printing inks and paper coatings, is anticipated to boost application segment growth over the forecast period.
• Asia Pacific was the dominant regional market with demand share exceeding 38% in 2015. Economic growth coupled with increasing migration has resulted in increasing sustainable infrastructure needs thereby facilitating demand for dimer acid based reactive polyamide resins. Increasing compliance of producers with stringent EU regulations to positively impact demand in the Eurpoen market
• Some of the key players operating in global dimer acid market include BASF, Arizona Chemicals, Emery Oleochemicals, Aturex Group, Croda International, Anqing Hongyu Chemicals Co. Ltd., Florachem Corp., Nissan Chemical America Corp., Novepha Co. Ltd., Harima Chemicals and Oleon N.V.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Breath Analyzer Market is expected to reach USD 11.3 billion by 2024

The global Breath Analyzer Market is expected to reach USD 11.3 billion by 2024, according to a new report by Grand View Research, Inc. Major drivers of the market include the demand for breath analyzers arising from the law enforcement agencies as well as other institutions, such as schools, sports, and offices, to minimize alcohol abuse and ensure safety in workplace settings. 

The fuel cell technology has been widely used in professional breath analyzers as it offers accuracy, alcohol specificity, and portability. Moreover, the semiconductor sensor technology offers affordable breath alcohol screening devices that are mostly used by private consumers. Breath analyzers that use infrared spectroscopy are currently limited to the law enforcement agencies owing to their high cost and large device size. 

The growing demand for quick and easy methods for the primary diagnosis of diseases, such as asthma, chronic obstructive pulmonary disease, and cancer is augmenting the growth of the global market. In addition, the rising adoption of breath analyzers in smoking cessation programs to detect carbon monoxide in the exhaled air is augmenting the market growth. 

Uncertainty with regard to the accuracy of the devices, the ambiguous laws about installing these devices in offices, and the high prices attached to infrared spectroscopy are the factors that challenge the growth of the global market. Many of the drug detection devices that identify the presence of drugs in the exhaled breath are still in the developmental phase as the detection technology used will depend on the type of the drug. Hence, this poses some uncertainty for the success of these devices. 

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Further key findings from the study suggest:

• In 2015, the fuel cell technology segment accounted for the largest share of the market at31.8%. The dominance of the segment is attributed to the popularity of this technology owing to its accuracy and user-friendly product designs.
• The medical application segment is expected to witness the fastest growth from 2016 to 2024 owing to the rapid development of disease diagnostics, such as breath analyzers for asthma and Chronic Obstructive Pulmonary Diseases (COPD)
• North America captured the largest market share at over half of the total revenue in 2015 and is expected to maintain its dominance throughout the forecast period. The presence of a large number of major market players, strict laws for road traffic safety, and a high adoption rate of the advanced technologies are the factors driving the market growth in this region.
• The Asia Pacific market is expected to grow at a lucrative CAGR of around 32% during the forecast period. The existence of a large untapped market and the growing awareness regarding the commercially available and technically advanced products are some of the major drivers of the market in the region.
• The presence of a large number of local manufacturers in the Asia Pacific region offering low-cost breath analyzers in comparison to other manufacturers based in developed countries is one of the factors expected to propel the exports from this region
• Some key players in the Breath Analyzer Market include Dragerwerk AG & Co. KGaA, Intoximeter, Inc., Alcovisor, Quest products, Inc., Lifeloc Technologies, Akers Biosciences, Inc., MPD, Inc., AK GlobalTech Corp., Alcohol Countermeasure Systems Corp., and EnviteC-Wismar GmbH

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Breast Imaging Market is expected to reach USD 7.3 billion by 2024

The global breast imaging market is expected to reach USD 7.3 billion by 2024, according to a new report by Grand View Research, Inc. The increasing incidences of breast cancer coupled with the continual product improvements being launched and the numerous R&D innovation initiatives being undertaken in the field of cancer are expected to collectively boost the growth of the market over the forecast period.

In 2012, the WHO estimated that around 53.0% of the global women population (1.8 billion women) is anticipated to suffer from breast cancer over their lifespan. This alarmingly rising rate is expected to be the preliminary driver for this market over the forecast period.

The rising base of the geriatric population is another high impact rendering driver of the breast imaging market. A study by the NCBI (National Center for Biotechnology Information) stated that the incidence of breast cancer is higher in patients above the age group of 45.

Increasing expenditure on R&D coupled with government funding are the other vital factors expected to trigger market growth over the forecast period. In 2013, the National Institute of Health, in the U.S. provided a grant amounting to USD 5.6 billion to conduct research on breast cancer. Digital mammography is one of the technologies gaining popularity as compared to other technologies, which is expected to positively reinforce this market’s growth.

However, the high cost of the existing imaging systems coupled with the stringent regulatory policies governing the approval of new products and marketing are predicted to slowdown growth.

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Further key findings from the study suggest:

• The 3D tomosynthesis segment is identified as the fastest growing segment. This technology offers enhanced efficiency and higher diagnostic accuracy in comparison to other available technologies, which is expected to aid market growth.
• North America is likely to dominate throughout the forecast period with a revenue share of over 30.0% by 2024.Government initiatives including the precision medicine initiative, started by President Obama in 2015, promotes the development of personalized medicine, which is anticipated to foster market growth.
• Asia Pacific is anticipated to grow at the fastest rate of12.0% over the forecast period. The Increasing number of investments in the healthcare sector coupled with the rising awareness of breast cancer and other associated conditions is anticipated to propel the market growth in this region.
• Some major players of the market are Siemens Healthcare, GE Healthcare, Dilon Technologies, Inc., Hologic, Inc., Gamma Medica, Inc., Fujifilm Holdings Corporation, SonoCine, Inc., Philips Healthcare, Toshiba Corporation, and Aurora Imaging Technology, Inc.
• In order to gain a competitive advantage in the market, the key industry players are adhering to mergers, acquisitions and collaborative agreements. For instance, in January 2016, Gamma Medica, Inc. entered into a contract with Alpha Imaging Technology Corp. for the commercialization of its new product, Luma GEM.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

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Grand View Research, Inc

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Insulation Market is expected to reach USD 93.34 billion by 2024

The global insulation market is expected to reach USD 93.34 billion by 2024, according to a new report by Grand View Research, Inc. Rising importance of energy efficient buildings owing to escalating energy costs is expected to remain a key driving factor for global insulation market. 

Legislative frameworks such as new building codes by the European Union, energy efficiency improvement program by U.S. DoE, etc. are also considered to stimulate the market growth. Increasing construction spending, particularly in Asia Pacific and the Middle East, is also expected to have a positive influence on the market growth. Volatile prices of key raw materials are expected to challenge market profitability. 

Foamed plastic was the leading product segment with demand share exceeding 45% in 2015. Favorable properties of the material, such as higher R-value (thermal resistance) and fire resistance are expected to propel the foamed plastic demand over the forecast period. Increasing demand from construction, as well as refrigeration industry, will have a considerable impact on the market growth. The segment is also expected to witness the highest growth of 8.9% from 2016 to 2024.

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Further key findings from the study suggest:

• Residential construction emerged as the leading application segment and accounted for 39.1% of total market revenue in 2015. Increasing construction spending in Asia Pacific, along with stringent regulations pertaining to the energy efficiency of households in North America and Europe is expected to spur the market growth.
• Nonresidential construction is expected to witness the highest growth of 9.1% over the forecast period. Increasing shopping malls, commercial complexes in Asia Pacific and the Middle East is expected to drive this segment over the forecast period.
• Asia Pacific led the global insulation industry with demand share estimated at 42.4% in 2015. Rapid industrialization along with construction growth on account of rising income levels has spurred the insulation products demand in this region. Asia Pacific is also expected to witness the highest growth of 9.4% over the forecast period. North America and European insulation industry will mainly be triggered by the recent regulations supporting energy efficient buildings.
• The market is highly competitive and due to its capital intensive nature, the market is expected to have high barriers to entry. The global market is characterized by the presence of multinational players having a presence across the value chain. Key market players include Saint-Gobain, Rockwool, Johns Manville, Knauf, Huntsman Corporation, GAF Materials Corporation, Johns-Manville Corporation, etc.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

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Anesthesia Monitoring Devices Market is expected to reach USD 1.9 billion by 2024

The anesthesia monitoring devices market is expected to reach USD 1.9 billion by 2024, according to a new report by Grand View Research, Inc. The growing geriatric population base and the spiraling number of surgeries are anticipated to boost the market growth. Geriatric patients are the target population for this industry as they are highly prone to various chronic disorders and are at a higher risk of developing complications.

The rising awareness amongst the physicians about the various factors that affect patient outcomes, such as the choice of anesthetic drug, the appropriate route of administration, and the right dose of the anesthetic agent, as well as the monitoring of the depth of anesthesia is likely to accelerate the growth of the market during the forecast period.

Technological advancements in terms of accuracy, portability, and affordability have resulted in the increased usage of these monitoring devices. For instance, the introduction of the new generation, microprocessor-based intelligent anesthesia systems with integrated monitors enables monitoring of various parameters along with the precisely-controlled administration of the anesthetic agent.

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Further key findings from the study suggest:

• Amongst the product type segments, the advanced anesthesia monitors segment held a lucrative share of over 60.0% in 2015 owing to its durability, reliability, and accuracy. Moreover, these devices monitor various significant parameters such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure.
• The hospitals in the end-use segment exhibited remunerative growth in 2015; this can be attributed to the presence of advanced diagnostic and therapeutic medical technologies that enables both, faster and accurate diagnosis. Moreover, the availability of these advanced systems coupled with the presence of skilled personnel contributes towards profitable growth of this segment.
• North America dominated the overall market with a revenue share of over 35.0% in 2015 owing to the presence of well-developed health care settings and the presence of a favorable reimbursement network, government funding, and increasing health awareness levels amongst the people.
• However, Asia Pacific is anticipated to be the fastest growing region with a CAGR of about 11.0% over the forecast period. The economic developments and the advancing healthcare system with the aid of supportive government initiatives are collectively anticipated to further assist the growth in this region.
• Some key players operating in the anesthesia monitoring devices market include Masimo Corporation, Infinium Medical, Inc., Medtronic plc, GE Healthcare, Nihon Kohden Corporation, Philips Healthcare, Mindray Medical International Ltd., Drägerwerk AG & Co. KGaA, and Schiller AG. New product development, mergers, and collaborations are some key initiatives taken to sustain themselves in the competition.
• For instance, Masimo Corporation incorporated Oxygen Reverse Index (ORI) which measures the oxygen levels and provides real-time information with regard to the patient’s oxygen reserve in synchronization with the partial pressure of oxygen to prevent hyperoxia conditions (oxygen levels above normal) in patients that are receiving auxiliary oxygen supply whilst undergoing surgery.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Automotive Textiles Market is expected to reach USD 31.75 billion by 2024

The global automotive textiles market is expected to reach USD 31.75 billion by 2024, according to a new report by Grand View Research, Inc. Increasing automobiles production, particularly in Asia Pacific coupled with the favorable regulatory scenario, is expected to drive the global automotive textiles market over the forecast period.

These textiles find major applications in the interiors of automobiles. Increasing safety norms such as standard No. 208 of Federal Motor Vehicle Safety Standards has prompted the automobile manufacturers to install seat belts and airbags in the vehicles which have driven the demand for these technical textiles in the recent past. In addition, Introduction of Euro VI by the EU and EEA member states to govern light and commercial passenger vehicles emissions has prompted the demand for automotive filters which has had a positive impact on automotive textiles demand.

The increasing disposable income levels and rising living standards in emerging economies such as China and India has an immense contribution toward the development of the modern market. In addition, these countries along with growing Middle East market has created new avenues for major manufacturers.

Woven fabrics emerged as the leading product segment and accounted for 43.6% of total market volume in 2015. Composites are expected to witness the highest growth of 3.9% from 2016 to 2024. Increasing demand for high performance materials in the automotive industry is expected to drive this segment over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/automotive-textiles-market

Further key findings from the study suggest:

• The global automotive textiles market demand was 3.81 million tons in 2015 and is expected to reach 5.14 million tons by 2024, growing at a CAGR of 3.3% from 2016 to 2024
• Upholstery was the leading application segment and accounted for 55.7% of total market volume in 2015. Increasing automotive seat covers demand is expected to lead this segment over the forecast period. Safety devices are expected to witness the highest growth of 3.9% from 2016 to 2024. Increasing safety regulations has prompted demand for air bags and seat belts which are expected to drive this segment.
• Asia Pacific was the leading regional market and accounted for 48.7% of total market volume in 2015. Increasing automotive production in China, India, Thailand and Indonesia on account of increasing demand is expected to drive the regional market over the forecast period.
• Key market players include DuPont, Trevira, Sage Automotive Interiors, Reliance, Baltex, Global Safety Textiles, Auto Textile S.A, SMS Auto Fabrics, Lear Corporation, Autoliv, Johnson Controls, Aunde, Acme Mills, Borgers, International Textile Group, Toyota Boshoku, Autotech Nonwovens, ASGLAWO Technofibre, Suminoe Textile Co. Ltd, and CMI-Enterprises.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com