Halal Food Market Report by Growth, Trends and Demand Outlook to 2026

 The global Halal Food Market is anticipated to reach USD 922.53 billion by 2026 according to a new study published by Polaris Market Research.

 

The Halal Food market growth is primarily due to increase in Muslim populations and their rising annual spending on food. This has created a surge in demand for halal food & beverage products. Increasing demand has also compelled market players to engage in authentic and branded products. Presently, consumers are exhibiting growing interest in halal industry. This is primarily due to the increasing consumer awareness about the nutritional and hygiene advantages, and improving lifestyles as a result of increasing disposable income. These products being processed and packed with much higher regulatory compliance compared conventional food products are gaining significantly popularity. Basically, they do not contain contents or ingredients that are against Islamic beliefs.

 

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Some of the leading industry participants in the Halal Food market include Cleone Foods, Prima Agri-Products, Cargill, Kawan Foods, Janan Meat, Saffron Road Food, Dagang Halal, QL Foods, Al Islami Foods and Nestle.

 

Halal foods are expected to be produced, packaged, stored, and distributed as per Islamic teachings. Moreover, these products are considered to be safe, clean, and highly nutritional. The significant growth in Muslim populations across the globe is expected to offer immense opportunities to Halal Food market. In addition, the rapidly accelerating economic power of Islamic countries is anticipated to largely influence them to spend additional money on the branded products.

 

The growing issues over the absence of proper regulatory framework to assure the authenticity of these products might be a restraint to the commercially produced halal food. The industry can be considered as a fragmented one and the absence of standardized regularizations has repressed the mainstream F&B participants from venturing this section of the worldwide Halal Food market. However, the number of small scale companies meeting the needs of the local populations has been increasing significantly.

 

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Low level of awareness about the presence of authentic halal food brands is acting as a challenge to the industry. As a consequence, the industry is not experiencing demands to its full potential as expected. Moreover, halal authentic issues within the sector are considered quiet minor among consumer. Thus, this requires manufacturers to improve their marketing strategies and production facilities. Furthermore, it becomes difficult to understand consumer perspective about halal food & beverage brands.

The Asia Pacific Halal Food market is anticipated to dominate the global market by 2026, owing to the presence of emerging nations such as India, Indonesia, Malaysia, Bangladesh, Maldives, and Pakistan. These nations have significant population that follows Islamic beliefs. Moreover, the rising economic conditions in the region provides an opportunity for the foreign players to start of their production facilities, thus offering cost effective products the consumers in the region.

 

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Wearable Sensor Market Upcoming Trends and Regional Demands Analysis to 2026

 The worldwide Wearable Sensors Market is anticipated to reach around USD 4,281 million by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global wearable sensors market.

 

The expanding telecommunication industry, along with increasing demand from the healthcare sector increases the demand for wearable sensors. The increasing use of wearable sensors in consumer electronics and wearables, along with growing health awareness among consumers support the wearable sensors market growth. The rising adoption of MEMS and NEMS technologies, and IoT boosts the adoption of wearable sensors.  Other factors driving the market growth include growing geriatric population, technological advancements, and development of smart technologies. New emerging markets, emerging consumer demographics, and increasing applications would provide growth opportunities for Wearable Sensors market in the coming years.

 

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In 2017, North America accounted for the highest share in the global wearable sensors market. The primary factors driving the wearable sensors market growth in the region include established healthcare sector, rising healthcare costs, growing consumer awareness, and rising health concerns. The increasing demand for consumer electronics, technological advancements, and high investment in R&D further supports market growth in the region. The introduction of favorable government regulations regarding wearable sensors, and rising demand for fitness devices boost the wearable sensors market in North America. The increasing development of smart technologies, and growing adoption of connected devices and IoT further increases the demand of Wearable Sensors in the region.

 

The companies operating in the wearable sensors market include Infineon Technologies AG, Texas Instruments Inc., Broadcom Limited, Asahi Kasei Microdevices Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, Invensense, Inc., TE Connectivity Ltd., Knowles Electronics, LLC, and Panasonic Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Radar Sensor Market Report by Growth, Trends and Demand Outlook to 2026

 The global Radar Sensor Market is anticipated to reach USD 44.4 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the non-imaging radar sensor segment accounted for the highest Radar Sensor market share in terms of revenue. North America is expected to be the leading contributor to the global Radar Sensor market revenue in 2017.

 

The growing military expenditure in countries such as China, U.S, and others have resulted in radar sensor market growth. The advancements in technologies and increasing need for national security would further lead to radar sensor market growth. Increasing demand for high range and enhanced radar accuracy, along with stringent security regulations supplement the growth of radar sensors market. Growing adoption of radar sensors in developing nations provide growth opportunities for the market. Features of radar sensors such as increased discrimination accuracy, enhanced sustainability, greater detection ranges and high reliability are propelling the growth of global radar sensor market. Furthermore, viewing the real-time data with the help of Radar through interfaces such as internet is opportunistic for the market expansion. Increasing cases of road accidents and stringent vehicle safety regulations supplement the market growth. Increasing development of self-driving and autonomous vehicles provide growth opportunities for radar sensor industry.

 

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North America generated the highest Radar Sensor market share in terms of revenue in 2018, and is expected to lead the global Radar Sensor industry throughout the forecast period. The adoption of radar sensors is expected to increase significantly in this region owing to increasing need to offer safety and security. The increasing demand for surveillance and border monitoring also drives the radar sensor market across various countries. Market players in the global radar sensor industry are introducing highly efficient and low-cost radar sensors to cater to the growing consumer needs. These market players are also integrating advanced technologies to improve the radar systems to cater to wider audiences. Increasing safety concerns, growing military expenditure, and development of autonomous vehicles are factors encouraging market players to launch efficient radar sensors across the globe.

 

Leading global players are expanding their presence in developing nations of India, China, and Japan to tap the growth opportunities offered by these countries. For instance Continental AG, a German automotive manufacturer company on November 2017 incorporated their extensive, long standing expertise in vehicle surrounding sensors into fifth generation of short and long range radar sensors. This resulted in more accurate detection of smaller objects such as a lost spare wheel or an exhaust that has fallen off. Long range radar, has maximum range of 300 m and an opening angle of ±60˚ depending on required performance. The series production of the same will start in 2019.

 

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The well-known companies profiled in the Radar Sensor market report include Delphi Automotive LLP, Autoliv Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, Lockheed Martin Corporation, Denso Corporation, Infineon Technologies AG, Hella KGaA Hueck & Co., and Smart Microwave Sensors GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Flexible Packaging Market 2026 Business Strategies and Regional Outlook

 The global Flexible Packaging Market is anticipated to reach $335 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the food and beverage segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Flexible Packaging market revenue in 2017.

 

The increasing disposable incomes and growing demand for fast moving consumer goods drives the growth of the flexible packaging market. Growing urbanization has resulted in urban citizens spending most of their time at work and everyday commute, which has increased the demand for convenient packaging for on-the-go consumption, thereby supporting the flexible packaging market growth. Brand owners are taking initiatives to optimize packaging operations to meet the global competition, increase productivity, enhance shelf life of products, improve overall efficiency, and create brand differentiation in the market. The demand for new and unique packaging sizes, shapes and configurations has increased from industries such as food and beverages, cosmetics, and healthcare among others. The increasing need to offer convenient packaging solutions while also addressing environmental concerns has boosted the flexible packaging market growth.

 

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Numerous key players have adopted partnership and acquisition strategies to increase their market share in the global flexible packaging market. For instance, In December 2015, Mondi Group signed an agreement for the acquisition of 95% of the outstanding share capital in KSP, Co. KSP is a flexible packaging company based in South Korea with strong focus on production of high-quality spouted and retort stand-up pouches for food, pet food and beverage industries. The acquisition of KSP compliments Mondi’s stand-up pouch operations in Korneuburg, Austria and Jackson, US while expanding its presence in U.S. and Asia. In July 2016, Mondi Group also signed an agreement to acquire Uralplastic. Uralplastic manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The acquisition of Uralplastic supports the development of Mondi’s consumer packaging business, strengthens its presence in the Russian consumer packaging market, and expands its offerings in the flexible packaging market.

 

Asia-Pacific generated the highest market share in terms of revenue in 2018 in the flexible packaging industry, and is expected to lead the global Flexible Packaging market throughout the forecast period. The growing population, rising disposable incomes, and increasing living standards support the growth of flexible packaging industry in the region. The increasing demand from the food and beverage, and retail industry is expected to generate numerous opportunities for the Flexible Packaging industry.

 

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The well-known companies profiled in the Flexible Packaging report include Amcor Limited, Mondi Group, Berry Plastics Corporation, Sonoco Products Company, American Packaging Corporation, Novolex Holding Inc., Bemis Company, Inc, Constantia Flexibles International GmbH, Ampac Holding, and Sigma Plastics Group. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

 

Healthcare IT Market size, Business Overview and Revenue Forecast to 2026

 Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research. The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform. Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period. Despite of higher investment cost, healthcare IT market would notice growth in the future.

 

Healthcare information technology (HCIT) involves the designing, development, and use & maintenance of various IT systems for the healthcare industry. Todays, healthcare industry has observed a continuous shift for value-based care model. This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience. Similarly, data aggregation, risk and care management should be considered for building interoperability between the healthcare providers.

 

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Healthcare IT market by products & service is further segmented as healthcare provider solutions, healthcare payer solutions, and healthcare IT outsourcing services. Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient’s health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.

 

North America maintained a dominating position in the global healthcare IT market in 2017, followed by Europe and Asia Pacific. North America’s healthcare IT market is primarily driven by growing adoption of HCIT solutions, and controlling healthcare cost. In addition, need for maintaining operational efficiency in the healthcare organizations, and concern for well-established healthcare IT infrastructure would drive North America’s HCIT market. Asia Pacific has a potential market in healthcare IT industry. Countries like India, and China show rapid growth which is observed due to, continuous governments efforts for improving healthcare services to provide better infrastructure for the patients.

 

The leading companies operating in this industry include Afga Gevaert Group, Novarad Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Philips Healthcare, Cerner Corporation, Hewlett-Packward, Oracle Corporation, Optum Inc., and E-MDS Inc.

 

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Key Findings from the study suggest solutions available in the market are much more cost-effective and manufactures are continuously concentrating on the advancements that abides the governments laws for patient safety. Companies are in a stage of development of new products in order to guarantee simple implementation for healthcare providers. North America is presumed to dominate the global healthcare market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

 

Petrochemicals Market Research by Business Analysis, Growth Strategy and Development Status to 2026

 According To A New Report Published By Polaris Market Research The Petrochemicals Market Is anticipated to reach over USD 1,203.2 billion by 2026. In 2017, the ethylene segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant growth in industries such as healthcare, automobile, construction, food and beverages, along with government initiatives and funding is expected to support the growth of this market. Other driving factors include abundance of raw materials in Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, growing demand for bio-based chemicals, and price volatility of crude oil and natural gas are expected to restrict the growth of the market. Increasing demand from developing nations, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.

 

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Petrochemicals are used in a wide range of applications in medical and healthcare sector. Phenol and Cumene are used for creation of a substance used for manufacturing of penicillin and aspirin. Petrochemical resins are used in drug purification, drug manufacturing for treatment of AIDS, cancer, and arthritis, development of artificial skin and limbs, and manufacturing of medical equipment such as bottles, and disposable syringes among others. In the food industry petrochemicals are used in manufacturing of food preservatives, chocolates and candies, and food coloring among others.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in automotive and construction industries, and rising standards of living are expected to drive the market growth. Increasing disposable incomes in developing countries of this region, increasing applications of petrochemicals, and competitive manufacturing costs are further expected to support market growth.  Rapid urbanization, and rising shale gas explorations in the region are expected to further provide growth opportunities during the forecast period.

 

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The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyls, methanol, and others. In 2017, ethylene accounted for the highest market share. However, adoption of methanol is expected to grow at the highest CAGR during the forecast period. The increasing demand of methanol for gasoline blending, and MTO (methanol to olefins) processes is expected to support its adoption in the coming years.

 

The well-known companies profiled in the report include include Royal Dutch Shell PLC, BASF SE, British Petroleum, The DOW Chemical Company, China National Petroluem Corporation, Chevron Corporation, ExxonMobil Corporation, LyondellBasell Industries Inc., INEOS Group Ltd.,  E. I. Dupont De Nemours & Company, Sabic, and Sinopec Ltd among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Cyber Security Market Study by Business Scenario and Future Scope Analysis to 2026

 The cyber security market is anticipated to reach over USD 269.76 billion by 2026 according to a new study published by Polaris Market Research. In 2019, the enterprise segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2019.

 

The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions. The rising penetration of mobile devices, and increasing trend of BYOD further support the growth of this market. Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based cyber security solutions would accelerate the growth of the cyber security market. However, However, growing use of pirated cyber security solutions, and complexities associated with device security hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

 

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The cases of cyber-attacks in the healthcare sector have increased significantly over the years. The high demand for electronic health records in the black market has resulted in numerous cyber-attacks. The healthcare sector is prone to cyber-attacks owing to limited budget allocation by healthcare institutions for cyber security. The healthcare sector is dominated by small practices and rural hospitals, which lack the resources for investment in cyber security, thereby increasing risks of cyber-attacks. However, introduction of affordable cyber security solutions for healthcare sector, increasing awareness, and growing incidences of cyber-attacks are expected to promote the adoption of cyber security in this sector.

 

North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The increase in number of cyber-attacks, and growing trend of BYOD drive the market growth in the region. The growing penetration of mobile devices, and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for data privacy across various industries in the developing countries of the region.

 

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The end-users in cyber security market include BFSI, IT & Telecom, healthcare, retail, defense and government, travel and hospitality, and others. In 2019, the defense and government segment accounted for the highest market share owing to increasing need to protect sensitive data and avoid cyber-attacks. The growing government spending to provide enhanced cyber security to the public sector and increasing implementation of cyber security installations in the defense sector, especially in developing countries, supports the market growth in this sector. The increasing adoption of cloud-based cyber security in this sector is expected to support market growth in the coming years.

 

The well-known companies profiled in the report include Symantec Corporation, Cisco Systems Inc., BAE Systems Inc., EMC Corporation, Hewlett-Packard Enterprise, Intel Security, Palo Alto Networks, Proofpoint Inc., LogRhythm Inc., IBM Corporation, Fortinet, Inc., and Centrify Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Glucaric Acid Market Research Report: Know industry Dynamics, Opportunities and Risks 2027

 The Glucaric Acid Market is anticipated to reach over USD 1,467 million by 2026 according to a new research published by Polaris Market Research. In 2017, the detergents segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Increasing application of Glucaric acid in agriculture, chemical, and food industry supports the growth of the Glucaric acid Market. Increasing use in polymer manufacturing further promotes the growth of this market.  Glucaric acid is increasingly replacing phosphates in detergents owing to stringent regulations regarding harmful environmental effects of phosphates, thereby supporting market growth. Other factors supporting market growth include increasing awareness regarding environment, and research and development for advancement. Increasing demand from developing nations, and growing use in healthcare sector is expected provide numerous growth opportunities to the market players during the forecast period.

 

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Asia-Pacific Glucaric acid Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The rising use in agriculture and chemical industries in the region drive the market growth. The increasing demand of detergents and growing environmental concerns in the region further support market growth. The increasing demand of glucaric acid for animal feed and growing demand for healthy livestock is expected to accelerate the adoption of glucaric acid during the forecast period.

  

The well-known companies profiled in the Glucaric acid Market report include Cayman Chemical, Rivertop Renewables, Inc., Carbosynth Limited, Haihang Industry Co., Ltd., Rennovia Inc, Kalion Inc., Alfa Chemistry, AK Scientific Inc., Merck KGaA, and Shanghai Meicheng Chemical Co. Ltd. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Conformal Coatings Market Analysis, Size, Share, Trends, Growth and Forecast 2020 - 2027

 The global conformal coatings market size is expected to reach USD 17.3 billion by 2026, growing at a CAGR of 5.8% during the forecast period according to a new study published by Polaris Market Research. The Report ‘Conformal Coatings Market Share, Size, Trends, Industry Analysis Report, By Material Type (Acrylic, Epoxy, Urethane, Silicon, Parylene, and Others); By End-use (Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Marine, Medical, and Others), By Regions, Segments & Forecast, 2019 – 2026” provides a thorough and detailed analysis about the market with an overview of present trends and future insights.

 

Conformal coatings are a protective cover that could be a polymer or a chemical film which is applied on electronic circuits to give them long-lasting protection from moisture content and chemical contaminants in the air. These products maintain insulation cover, ensure continuity of circuit board components and oversee functional integrity of the circuit board.

 

Huge market for consumer electronics, rapid strides in medical equipment and emergence of driverless cars are some of the important factors driving conformal coatings industry. Furthermore, rise in disposable incomes and dependence on sleek electronic devices such as mobile phones, laptops and other gadgets have fueled the growth of particular products that are mandatorily used in electronic components.

 

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Automotive is one of the most far-reaching segments for these products. The development of hybrid cars is consistently empowered by technology and witnesses comfortably high growth rate being touted as an energy-efficient alternative. Electric cars and hybrid vehicles could give a more comfortable ride, optimum fuel efficiency and use more electronic gadgets, giving rise to sophistication that are the foundation of EV’s.

  

Initially, these products were the mainstays in medical and military products but with high cost per unit. But, with innovations and with rise of material science, prices have reduced considerably over the last few years. Recent technological nuances in the market include low viscosity solvent free conformal coating, parylene-like hydrophobic conformal coating, and single component conformal coating material to protect sensitive information on PCB’s.

 

These products are unique based on their material of formulation. These coatings are used, bringing to the fore their characteristics and required efficiency. Acrylic conformal coating is the largest product segment by material.  Polyurethane, epoxy and parylene are amongst the fast-growing segments.

 

Most of the product manufacturers, device fabricators and Printed circuit board (PCB) assemblers favor conformal coatings for economic and environmental reasons though solvent based ones prop up performance. A move towards green chemicals has certain resins moving at a faster rate as compared to traditional ones such as acrylics.

 

The key players operating in the conformal coatings market includes Electrolube, Kisco Conformal Coatings, H.B. Fuller, Chase Corporation, Henkel AG & KGaA, Illinois Tool Works and Dow Corning.

 

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Lithium-Ion Battery Market Industry Challenges, Business Overview and Forecast Research Study 2027

 According to a new study by Polaris Market Research. The report “Lithium-Ion Battery Market Share, Size, Trends, Industry Analysis Report, By Product Type (LCO, LMO, LFP, NCA, Lithium Nickel Manganese Cobalt, Lithium Titanate); By Cell Type (Cylindrical, Prismatic, Pouch); By Battery Capacity; By End Use; By Regions – Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global lithium-ion battery market size is expected to reach USD 83.36 billion by 2027

 

Emergence and increasing popularity for Electric Vehicles (EV) is expected to drive the demand for lithium-ion battery in automotive industry. The automotive industry has been witnessing a palpable shift from using nickel metal batteries to lithium-ion batteries in plug-in vehicles and EVs. Beneficial physical characteristics such as small size and lightweight have bolstered the demand for li-ion (lithium-ion) batteries across the automotive industry.

 

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Increasing demand for consumer electronics across the regions has led to the rising demand for lithium-ion batteries. Long battery life along improved performance offered by the product to consumer electronics such as smartphones, tablets, etc. is expected to drive its demand in consumer electronics segment over the forecast period.

 

Lithium-ion batteries are also being used in modern wearable devices, such as healthcare bands, tech tags, and smart watches. Thereby, the development of energy storage technologies is enabling battery manufacturers to introduce advanced li-ion batteries that are compatible with the next-generation battery-operated, electronic products. Currently, various types of li-ion batteries, such as li-manganese oxide, li-ion phosphate battery, li-nickel manganese cobalt oxide battery, and li-cobalt oxide battery, are witnessing high demand as technologically advanced li-ion batteries across the wide range of end-user industries.

 

Incorporation of innovative technologies such as lithium-sulfur battery (li-sulfur) have gained importance as these batteries can store twice the energy per kilogram in comparison to li-ion batteries. In addition, li-sulfur batteries are witnessing high demand as lightweight alternative to li-ion batteries restraining the market growth.

 

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Companies such as BYD Company, Panasonic, Exide Technologies, LG Chem, Saft Batteries, Samsung SDI, EaglePicher Technologies, LLC, GS Yuasa, Hitachi, BAK Group, Energus Power Solutions, Ltd., Lithium Werks, Roofer Technology Co. Ltd, Toshiba, CALB, Akku Tronics New Energy Technology Co., VARTA Storage, Saft Groupe, Farasis Energy, Ding Tai Battery Company Ltd., A123 Systems and Sila Nanotechnologies are some of the key players operating in the global market.

 

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IV Tubing Sets and Accessories Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2027

 The Global IV Tubing Sets And Accessories Market Size Is Expected To Reach USD 1,153.6 Million by 2027 according to a new study by Polaris Market Research. I V tubing sets and accessories basically include different parts namely, infusion line, piercing needle, flow regulator, and luer connector attached with IV tube and the needle. These set are often known as intravenous therapy, designed to administer hydrating fluid, drug, medication directly into the circulatory system. Infusion supplies should be sterile disposable single time use products.

 

Most of the insulin pumps require infusion set to administer insulin into diabetic patients. Flexible tube connects pump reservoir, moving insulin from pump to needle beneath your skin. The selection of the infusion set often decided on the basis of pump compatibility with other accessories, needle insertion angle, gauge and length of cannula, and tube size.

 

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European market saw a large set of these apparatus procured through group purchasing organizations in volumes at the reduced prices. In China, the market is expected to surpass Europe owing to dramatic entry of 800 million new people through its nationwide universal insurance system.

 

The global market is driven by a rise in chronic ailments such as cardiac disorders and diabetes, a sudden surge in infectious diseases, an increasing proportion of geriatrics using home-based infusion therapies. According to the International Diabetes Federation (IDF), the number of people suffering from diabetes were 415 million in 2015, which is expected to reach approximately 640 million by 2040.

 

Market participants such as Baxter International Inc., Becton, Dickinson and Company (CareFusion), Perfect Medical Ind. Co., Ltd, Hospira Inc. (Pfizer Inc.), B. Braun Melsungen AG, Smiths Medical, Fresenius Kabi, C.R. Bard, Inc., Zyno Medical, ICU Medical Inc., Nipro Corporation, Vygon, Poly Medicure, Health Line International Corporation, and Dynarex Corporation are some of the key players operating in the concerned market.

 

New and existing players are focusing on product innovation and new launches inclined towards dedicated therapy. The U.S. based medical start-up DiaTech Diabetic Technologies announced to launch SmartFusion technology based infusion set, which alerts diabetics with errors on real time basis. This has thumb sized fluid pressure sensing device for insulin pumps to monitor errors in the insulin delivery and sends signals to physicians through Bluetooth connection. According to the company’s claim globally, more than 120 million infusion sets are sold and it is estimated that around 60 per cent insulin pumps experience set failures, resulting in loss of USD 426 million of annual wastage from un-viable sites.

 

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Dried Blood Spot Collection Cards Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2027

 The global dried blood spot collection cards market expected to reach USD 339.5 million by 2027 according to a new study by Polaris Market Research. The report “Dried Blood Spot Collection Cards Market Share, Size, Trends, Industry Analysis Report, By Card Type (Whatman 903, Ahlstrom 226, FTA, Others); By Application (Newborn Screening, Infectious Disease Testing, Therapeutic Drug Monitoring, Forensics, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The recent surge in COVID-19 pandemic, rising newborn screening through dried blood spot collection cards for hereditary and metabolic disorders, innovations, and its wide applicability in diagnosing varied diseases coupled with new product launches are few factors attributed to the market growth for dried blood spot collection cards. For instance, in June 2020, PerkinElmer Inc. introduced the DBS test for COVID-19 in the market utilizing its DELFIA platform with a capacity of up to 5,000 samples in a day. This sample collection allows both de-centralized collection and efficient testing.

 

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Segment Highlights

• The Whatman 903 dried blood spot collection cards industry segment accounted for the largest revenue share in 2019 owing to the emergence and increasing incidences of genetic disorders. The market segment held over 25.0% of the global share in 2019.
• Based on application, the new-born screening dried blood spot collection cards industry segment is projected to constitute almost half of the market in 2027. The recent surge in neo-natal disorders is expected to be primarily responsible for the market segment’s growth over the forecast period.
• North American dried blood spot collection cards industry accounted for the largest share in terms of revenue in 2019. The region has a well developed medical infrastructure and government-sponsored newborn screening programs, which drives the market demand for such products.
• Qiagen, PerkinElmer, and Roche Diagnostics are a few of the major market players operating in the dried blood spot collection cards industry. Increasing research & development and a wide range of product offerings are a few prominent strategies adopted by the dried blood spot collection cards industry players.

List of Key Players

• Qiagen
• PerkinElmer
• Roche Diagnostics
• Shimazdu (Novilytic Labs)
• Ahlstrom-Munksjö
• Pall Corporation
• Eastern Business Forms, Inc.
• ARCHIMEDlife
• Centogene AG
• Others

 

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Polaris Market Research has segmented the dried blood spot collection cards market report on the basis of type, application, and region:

 

Dried Blood Spot Collection Cards, Type Outlook (Revenue – USD Million, 2016 – 2027)

• Whatman 903
• Ahlstrom 226
• FTA
• Others

Dried Blood Spot Collection Cards, Application Outlook (Revenue – USD Million, 2016 – 2027)

• Newborn Screening
• Infectious Disease Testing
• Therapeutic Drug Monitoring
• Forensics
• Others

Dried Blood Spot Collection Cards, Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
    

Read More : https://www.medgadget.com/2021/02/dried-blood-spot-collection-cards-market-to-surpass-339-5-million-by-2027-exclusive-study-by-polaris-market-research.html