Wednesday, 15 April 2020

Cell Culture Market Size, Application, Regional Outlook, Competitive Strategies and Forecast 2026

The global cell culture market is expected to reach USD 42.9 billion by 2026 with a CAGR of 11.8% during the forecast period as per a new study released by Polaris Market Research. 

Cell culture is swiftly developing as an implement for evaluating and treating ailments such as Alzheimer’s and cancer diseases. Major Players are intending on broadening their cell reservoir and enhancing their efficiency by putting significant importance on recruitment of trained experts in order to gain a moderate threshold in the market. It is also estimated that the cell culture technique is also obtaining global acceptance in the food and beverages sector and this trend is anticipated to have a good grip in 2019. Cell culture is also gaining traction as one of the most important aspect in the development of high-quality plant actives.

Some of the major companies operating in this market consist of Thermo Fisher Scientific, Sartorius, General Electric, Merck, Sigma-Aldrich Co., LLC, Eppendorf, Promocell, Becton, Dickinson & Company (BD) and Lonza.


The requirement for cell culture has improved to an extent where conventional manual handling and development of the culture is incapable fulfill the increasing demands. This has enabled the development of automated considerable scale cell culture outlines that are furnished for providing high output of cell societies of high purity levels and in larger quantities. The constant development of these systems and functions for cell culture has stabilized this market to anticipate a growth and advancement through to 2026. This improvement has moved the market noticeably and the cell culture market is predicted to gain a significant traction during the forecast period.

This growth can be attributed to the developing requirements for biopharmaceutical development, antibodies and protein generation; all of which depend intensely on cytological R&D where cell culture plays a notable part. Growing demand for biopharmaceutical is furthermore assumed to sustain regional market development over the forecast period.

The automated culture systems give remarkably improved limit managing, increased productiveness and reproducible purity levels. Sturdy federal initiatives associating to growing speculations by companies and governments in biopharmaceutical assembling and high undiscovered market openings are some imperative variables representing such quick development.


The United States and Canada represented the biggest market share in 2018, as there are a substantially high variety of R&D going in the area pertaining to cytological examination for proteomics, genomics, and also medication as well as vaccination advancement. Expanding requirement for biopharmaceuticals is likewise prepared for to sustain local market development throughout the forecast period.

The Asia Pacific region is anticipated to witness considerable development during 2019 to 2026 due to the existence of high demand for boosting manufacturing as well as advancement of vaccinations, medications, and also brand-new biologics. Helpful federal government efforts, increasing financial investments by market players and existence of federal governments in biopharma production as well as high untouched possibilities in the market are some of the vital elements which are helping this market to gain traction in this region.

Cell culture sera is estimated to represent over 45% of revenue generated in 2019 due to, high usage in cell culture composition and high prices of the product. It is also expected that the commercialization of sera is likewise anticipated to drive market in coming years.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Biotechnology Market Global Analysis of Key Manufacturers, Dynamics & Forecast 2020-2026

The global biotechnology market is estimated to reach USD 727.12 billion by 2026 growing at a CAGR of 6.84% during the forecast period, according to a new study published by Polaris Market Research. 

Growing hepatitis B disease, increasing interest of horticultural items such as sugarcane, rice, beans, and wheat due from the increasing populations in economies such as U.S., China and India are expected to push the overall biotechnology market. The growth of this market is further propelled by elements such as deficiency of water, low yield of items, insect attacks, and constrained availability of agrarian land, which is promoting the companies to invest and conduct R&D activities at a broader scale. Another factor which is helping the market growth includes regenerative medicines. Existence of a huge section of businesses concentrating on the advancement of regenerative treatments is anticipated to push the market development through to 2026. Technological developments in the areas of artificial intelligence in this market is estimated to sustain progress with possible opportunities. The companies are engaged in using artificial intelligence in order to understand cancer cases, while working on the medical trials.


Some of the major players operating in this market include Abbott Laboratories, Agilent Technologies, Amgen, BioGen Medical Instruments, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen, Thermo Fisher Scientific, Gilead, Celgene, Novo Nordisk A/S, Novartis AG, Sanofi Aventis, and Lonza.

Encouraging government policies associated with biological advancements is also propelling the growth in this market. Established economies such as United States and UK and growing economies such as China and India are investing in the biotechnology R&D initiatives. Governments are associating with private companies for expanding their research into this domain.
  
Owing to technological improvements and prevalent applications of biotechnology in healthcare is helping the market to gain a strong growth during the forecast period. Companies are constantly introducing brand-new biotechnological medicines and vaccines to deal with diagnosis and biopharmaceutical development within the healthcare sector, is approximated to push the market further towards its growth. Bioinformatics is anticipated to witness the fastest growth in the coming years. Developments in data combination tools through cloud computing platform facilitate analysis and assistance to process enormous next-generation sequencing information. These advancements are approximated to greatly boost adoption of bioinformatics tools in numerous life sciences applications in the near future. Application of nanotechnology-based products is anticipated to improve development in this sector. Reducing costs and increase in number of services related to biotechnology are expected to drive the market with profitable avenues.


North American pharma and biotech organizations have experienced excellent success in last couple of years resulting in a larger market share. Universities and research institutes are also introducing various biotech-based programs which would help the market to gain its much-required traction. The Asia Pacific  market on the other hand is anticipated to grow at the most significant rate due to improving and growing healthcare infrastructure coupled with local companies in this region focusing on developing advanced medicines to cure chronic diseases such as cancer with the help of biotechnology. With strong government and federal assistance and recruitment of extremely trained researchers has made it possible for countries such as China and India to swiftly develop capacity for regenerative medication.


About Polaris Market Research
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Anti Drone Market Overview, Opportunities, Growth Impact and Demand Forecast 2026

According to a new study published by Polaris Market Research the worldwide anti-drone market is anticipated to reach over USD 3,064 million by 2026. In 2017, the defense and military segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The rising incidences of misuse of drones and growing terrorist activities primarily drive the growth of this market. Smugglers and traffickers are increasingly using drones for malicious and criminal activities, thereby increasing the demand of anti-drones. Other driving factors include technological advancement, and increasing investment in R&D.


There has been an emerging threat from drones to critical infrastructure. A high number of cases of drone overflights at nuclear and power stations have been registered. In 2014, after several cases of overflights of reactors, French authorities invested $1.1 million for detection, identification, and neutralization of small aerial drones.

There has been a significant increase in spoofing and cyber-attacks. Spoofing is taking control of a drone by hacking the radio signal and sending commands to the aircraft from another control station. Valuable data can be stolen or deleted through cyber-attacks. Complaints registered against misuse of drones also include snooping, burglary, smuggling contraband into prisons, and mid-air near misses among others. Terrorists have started using drones to gather valuable intelligence on their enemies. All these factors have increased the adoption of anti-drone systems.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The driving factors for anti-drone market in North America include increasing number of security breach incidents by unidentified drones and increasing terrorist activities. Recent incidences of riots & civil unrest have increased the demand for anti-drones in this region. North America spends high budgets for military expenditure and for research & development programs, which augment market growth.


The various end-users of anti-drones include defense and military, government, commercial, and others. In 2017, the defense and military sector accounted for the largest share in the global market, and is expected to maintain its lead during the forecast period. The demand for anti-drones in the military sector has increased owing to growing cases of smuggling, trespassing, and spying. Increasing need for border security, and threats from neighboring countries support the adoption of anti-drones.

The well-known companies profiled in the report include Saab AB, Thales Group, Raytheon Co., Lockheed Martin Corp. , Dedrone Inc, Droneshield Ltd., Northrop Grumman Corp., Theiss UAV Solutions, LLC, Blighter Surveillance Systems Ltd., Israel Aerospace Industries 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.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Halal Food Market Analytical Overview, Growth Factors, Demand & Trends Forecast 2020-2026

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.


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.


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.



About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Viscosupplementation Market SWOT Analysis of Top Key Player & Forecasts 2026

The global viscosupplementation market is estimated to reach USD 6.9 billion by 2026 growing at a CAGR of 8.9% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Viscosupplementation Market Share, Size, Trends & Industry Analysis Report By Product Type (Single injection, Three injection, Five injection); By Application (Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis); By Regions, Segment Forecast, 2020 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

Due to growing geriatric population globally and due to increasing occurrences of osteo arthritis, injuries, gingivitis, & abscess, this market is anticipated to gain traction. According to assessment done by WHO, the population of people who are of the age of 65 g and above globally would increase significantly from 7% in the year 2000 and is estimated to grow to 16% by 2050. This significant growth in the elderly population would result in the increased problems of obesity and osteo arthritis, which would indirectly help this market to gain traction during the forecast period.  Together with expanding choice for minimally intrusive surgical procedures, worldwide rise in the target populace is anticipated to substantially push the need for viscosupplements throughout the forecast duration.


Geographically, North America is estimated to be the largest viscosupplementation market in 2019.  According to Centers for Condition Control as well as Avoidance (CDC) in 2015, over 30 million individuals in the United States experienced osteo arthritis and also around 10% individuals over 55 years endured knee discomfort. These growing numbers are pushing the market growth in this region. Asia Pacific on the other hand is anticipated to be the fastest growing market in 2017 and is estimated to preserve its placement throughout the projection period. This growth rate can be made up by the visibility of a considerable growing base of senior citizens, which is vulnerable to problems such as osteo arthritis as well as rheumatoid joint inflammation. Increasing demand for minimally intrusive treatments is a considerable element adding to the growth rate of Asia Pacific. The Latin American market is anticipated to expand at a rewarding pace in the coming years because of the visibility of high unmet clinical requirements, increasing disposable income and growing awareness among the patients in economies such Brazil and Mexico.

Among the viscosupplementation products, three injection products are estimated to be the largest segment of the viscosupplementation market. Affordability and shorter therapy duration are some the major factors which are pushing the growth of this product segment. This is closely followed by the single injection.  


Major companies operating in the market are focusing on incorporating modern technologies to make innovative viscosupplements. For instance, Anika Therapeutics introduced HYAFF, which aids in production of very efficient biocompatible viscosupplements. The FDA authorized hyaluronates presently offered in the viscosupplementation market are Hyalgan (Sanofi), Euflexxa (Ferring Pharmaceuticals, Inc.), Orthovisc (Anika Rehabs), Supartz, Gel-One (Seikagaku Company), Synvisc, Synvisc One (Genzyme) and also Durolane (Q MEDICATION ABDOMINAL). Some of the major players in this market include Seikagaku Corporation, Lifecore Biomedical, LLC, Zimmer Holdings Inc, Bioventus, Ferring B.V., Sanofi, Anika Therapeutics, Inc., and LG Life Sciences Ltd.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Medical Tourism Market Incredible Possibilities and Growth with Industry Study, Detailed Analysis and Forecast to 2026

The medical tourism market is anticipated to reach over USD 31.21 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global medical tourism market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

There has been a great demand for medical tourism in the years. Hence, attracting the international customers has been a great challenge for the companies to attract the medical travelers. These companies have potential strategies that help in creating number awareness in the target audience. This strategy has helped successfully building the brands and has influenced the market growth in the recent past. Furthermore, the patients travelling for medical to the developing countries due to affordability, better and higher level of quality of healthcare to also boost the medical tourism market in the coming years.


Considering, the cost factor for the healthcare in the U.S. continues to rise. According to the Visa and Oxford Economics, the figure of will grow up to 25% in coming years. Also, this increase would cover various treatment range like orthopedic surgeries, dental work, and cosmetic surgery. However, issues with the patient follow-up and post surgical complications, and different standards for the treatment in various countries would impede the medical tourism market growth.

Asia-Pacific generated the highest revenue in the medical tourism market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, accessibility of healthcare facilities, increasing number of medical facilities for international patients are the primary factors driving the market growth in this region. Additionally, decreased cost of various treatment procedures in the countries across Asia Pacific to also boost the market growth in coming years. Moreover, India is considered to be the leading market followed by Brazil in the medical tourism market during the forecast period. In addition to this, Turkey is considered to be strong contender in the market, owning to zero waiting time for the treatment with a quality healthcare facility.


The key players operating in the medical tourism market include Bumrungrad International hospital, Apollo Hospitals Enterprise Limited, KPJ Healthcare Berhad, Prince Court Medical Center, Raffles Medical Group, Fortis Healthcare, and Samitivej Hospital. 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.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Cyber Security Market Technology, Application, Geography – Analysis and Forecast 2020-2026

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.


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.

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At : https://www.polarismarketresearch.com/industry-analysis/cyber-security-market/speak-to-analyst

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.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Blockchain Technology Market Share Worldwide Industry Growth, Size, Statistics, Opportunities and Forecast

The global blockchain technology market is anticipated to reach USD 16.82 billion by 2026 according to a new study published by Polaris Market Research. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse the transaction history. Blockchain also eliminates the need of third-party verifications since the ledgers are shared by all the parties over the distributed network. These are some of the major factors for adoption of blockchain technology.

Blockchain technology is currently being adopted majorly by the financial institutions due to its benefits such as reduced infrastructural costs for reconciling statements, data management settlements etc. It has also been proven beneficial to increase the transactional speed by eliminating the need of trusted third party. Bitcoin uses cryptography for securing its ledgers, thus ensures high security platform for the transactions.


Adoption of blockchain is not limited to the financial sector, however it is being implemented across different verticals. For example, with blockchain’s extended support for Internet of Things (IoT), the technology and telecom vertical is implementing blockchain for initiating a better coordination between different devices. This sector is also benefitting from blockchain because of its feature to eliminate the processing fees which gets levied by third parties. Healthcare vertical is also focusing on blockchain for securing its important and sensitive data and documents and for securing its digital assets. 
  
The adoption of blockchain can be clearly seen in the North America followed by Europe at a fast pace. However, the market for blockchain is gaining traction in Asia Pacific region owing to the developing economies such as India and China adopting this technology. Countries such as Australia have already adopted this technology and are developing a private blockchain for its stock exchange’s clearing and settlement process.

Key Findings from the study suggest the largest share of this market in 2019 was of North America, as there are a fundamentally high number of ventures adopting the blockchain technology. The technology will have the capacity to help IoT applications in technology and telecom sector along with the enhanced payment solutions. 

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At: https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-market/speak-to-analyst

The healthcare segment will adopt this this technology owing to secure their sensitive information. Asia Pacific market is anticipated to grow at a faster pace because of its changing financial framework which drives the demand for secure and low-cost online payment transfers. Speculations have been that more companies would invest in this technology, thus tapping the huge potential in this market. Companies such as Chain Inc., Ripple, Eric Industries, Microsoft, Circle Internet Financial Limited, R3, Samsung, Deloitte, IBM, Deloitte, Linux Foundation, BTL Group, are some of the prominent players in this market. 


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Tuesday, 14 April 2020

Medical Disposable Market Trends Analysis, Top Manufacturers, Shares, Growth Opportunities and Forecast

The medical disposable market is anticipated to reach over USD 365.1 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the drug delivery dominated the worldwide medical disposable industry. Asia-Pacific is anticipated to be the leading contributor to the global market revenue in 2017. The upward momentum of medical disposable in the hospitals, outpatient facility and other healthcare providers. The medical disposable market is primarily driven by increasing number of elderly populations, increasing need to limit the causes of infection, better performance, cost reliability, shelf life, and material. The reusable devices are considered to be relatively inexpensive in many different types, and increasing volume of production by the key players globally would also influence the market growth in the coming years.

Increasing number of technologically advanced products, and continuous research and development to also drive the market growth. Furthermore, increasing awareness in the patients for the use of medical disposable devices to also boost the market growth in the coming years. Also, increasing number of chronic diseases across the globe would also boost the market growth in the coming years.


Based on the product type the medical disposable market is segmented as Wound Management, Drug Delivery, Dialysis, Nonwoven Incontinence, Respiratory Supplies, Diagnostic and Laboratory, and Sterilization. Similarly, on the basis of raw material, the market is segmented as Paper and Paperboard, Plastic Resin, Nonwoven Material, Metals, Glass, and Rubber. Plastic Resin is expected to be the fastest growing segment owning to its various application. End user for the medical disposable devices include Hospitals, Outpatient/Primary Care Facilities, and Home Healthcare.
  
North America generated the highest revenue in the Medical Disposable market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand healthcare facilities, increasing number of geriatric populations, and continuous mergers and acquisitions of the key players in the U.S. and Canada. Asia Pacific to also boost the market growth in coming years. The developing healthcare infrastructure of the countries in this region to be the major factor promoting the growth of this market during the forecast period. 

Do you have questions or special requirements? Ask our industry Experts: https://www.polarismarketresearch.com/industry-analysis/medical-disposable-market/speak-to-analyst

The key players operating in the Medical Disposable market include Johnson & Johnson Services, Inc., 3M, Abbott Laboratories, Medtronic Plc., B. Braun Melsungen AG, Bayer AG, Smith and Nephew Plc., Medline Industries, Inc., Cardinal Health, and Becton, Dickinson & Company. The industry participants launch novel products with collaboration and partnership agreements with other companies to innovate and launch new products to meet the increasing needs and requirements of consumers.

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We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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India Sugarcane Harvesters Market Opportunity, Demand, recent trends, Major Driving Factors and Business growth

The India sugarcane harvester market size is expected to reach USD 350.04 Million by 2026 according to a new study by Polaris Market Research. The report “India Sugarcane Harvesters Market Share, Size, Trends, Industry Analysis Report By Type (Chopper Harvester, Whole Stalk Harvester), By Swath Width (Single Row, Multiple Row); By Product (Self- Propelled, Tractor Mounted), By Ownership (Owned, Leased/Hired), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

India sugarcane harvester market is projected to witness a significant growth over the forecast period. Introduction of advanced machinery modified to suit Indian soil conditions is a major market driver. For example, to ensure unhindered visibility for the machine operator to ensure efficient performance, products having AC and dust proof cabins have been developed which integrate all the latest technologies to provide high comfort to the machine operator. Such trend of eliminating drawbacks has benefitted the overall market growth.


The India sugarcane harvester industry is highly consolidated and a majority of market share is occupied by three market participants namely, New Holland Fiat (India) Pvt. Ltd. (CNHI), Tirth Agro Technology Private Limited, and Deere & Company (John Deere India Pvt. Ltd.). The industry is characterized by high barriers to entry due to the huge initial capital investment required.

Regional governments have also taken steps to boost the setting up of Custom Hiring Service Centers to boost the usage of sophisticated farm equipment such as mechanized sugarcane harvesters. The government has expressed interest and issued directives in the setting up of 164 hobli level (village level) centers across 64 districts. For the year 2018-2019, the department of agriculture has already started the process to establish 310 custom hiring centers for the year 2018 to 2019 and has already sought budgetary provisions for the same. Maharashtra Government has also taken special and concentrated efforts to boost the usage of mechanized sugarcane harvesters in the state.

High cost is the only challenge posed by market participants. This factor is considerably restraining the overall market growth. On an average, these machines in India costs around INR 85 lakhs to INR 1.4 crore which is not affordable to a majority of sugarcane farmers across the country. However, development of indigenous products having low cost is expected to fuel the market growth.

  
Companies such as John Deere have introduced novel technologies in the market which are benefitting both the farmer and sugar factories alike. One such technology is the harvest monitor technology introduced by John Deere. The technology aids to gather and analyze information pertaining to harvest such as amount that has been harvested, percentage of trash, fuel consumption, and the overall productivity. This data is particularly useful to calculate the overall efficiency. The technology also helps to make informed decisions regarding water management, layout of crops, chemical usage among others.

Mechanical harvesters are proving to be a good solution to both farmers as well as sugar factories. If the overall labor requirement for sugarcane cultivation is considered, harvesting constitutes a large share. The job is tedious, requires great energy and is characterized by low pay thus resulting in labor shortage. However, this shortage of labor can be successfully bypassed by using these machines. Sugarcane factories particularly in West India have taken advantage of this scenario.


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