Wednesday, 8 July 2020

Computer Numerical Control Machine Market A Potential Market to Invest During the Forecast 2020-2026

The global CNC machines market size is anticipated to reach USD 106.54 billion by 2026 according to a new report published by Polaris Market Research. In 2018, lathe machine segment dominated the global industry in terms of revenue. Among regions, Asia Pacific will represent region with maximum computer numerical control machine market share during forecast period.

An increasing mechanization drive happening globally in sectors such as healthcare, construction, automotive and oil and gas are expected to support growth. The other factors include high accuracy, greater precision, reduced human errors and increased safety. The rising demand for mass production would boost industry during forecast period. However, restraints in the form of high investment costs pull the market down. Growing demand from emerging economies and technological advancements are factor expected to boost CNC machine market.


Computer numerical control machines are used to automate manufacturing and produce large number of products in verticals such as aerospace, automotive, defense, electronics and healthcare. Increasing demands for energy efficient computer numerical control machines have been on the word go for over the years. Use of energy efficient computer numerical control machine assists in conserving electricity and reducing costs while manufacturing high quality products.  Thus, manufacturers would prosper by introducing energy efficient CNC machines along with good prospects for computer numerical control machine market growth.
  
Asia Pacific generated the highest revenue in 2017 and will do so throughout the forecast period. The presence of emerging sectors such as agriculture, healthcare, finance, construction and automotive, including focus on R&D efforts, and growing need for automation drive growth. Fast industrialization and huge growth of manufacturing industry bolsters growth in the region.

The different types of CNC machines include milling machine, lathe machine, grinding machine, welding and winding machine and others. In 2017, lathe machine segment accounted for largest CNC machine market share.  The introduction of multi-axis machine types, ease of operation and high precision foster the adoption of lathe machines. Lathes are used widely in industries such as automobiles, mining, manufacturing, construction and others.

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The leading players in Computer Numerical Control Machine Market include Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, GSK CNS Equipment Ltd., Amada Machine Tools Co. Ltd., Haas Automation, Inc., DMG Mori Co., Ltd., Heldenhain GmbH, Sandvik AB, Bosch Rexroth AG, Soft Servo Systems, Inc., and Yamazaki Mazak Corporation among others.

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Industrial Microwave Heating Market Latest Trends, Global Demand, Industry Growth, In-depth Analysis and Opportunities till 2026

The Report “Industrial Microwave Heating Market Share, Size, Trends, Industry Analysis Report By Equipment (RF Solid State Amplifiers, Magnetron); By Application (Pharmaceutical, Plastic, Chemical, Paper, Food and Beverages, Others); By Regions, Segments & Forecast, 2018 - 2026 “ The Industrial Microwave Heating market is anticipated to reach over 1,602.1 million by 2026 according to a new research published by Polaris Market Research. In 2017, the Magnetron segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period.

The diverse applications of Industrial Microwave Heating in industries such as pharmaceutical, plastic, chemical, paper, and food and beverages among others are expected to support the growth of this market. Other driving factors include lower maintenance costs, higher operating efficiency, and reduced power consumption. However, increasing prices of electricity hamper the growth of the market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.


The leading companies profiled in the Industrial Microwave Heating Market report include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International 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.

The growing adoption of industrial microwave heating in food and beverage, and pharmaceutical sectors is expected to support the Industrial Microwave Heating market growth. The increasing requirement for even heating while increasing production speeds and reducing production costs drives the demand for industrial microwave heating. The growing trend towards use of energy efficient microwave heating is expected to boost the growth of the industrial microwave heating market.


The Europe Industrial Microwave Heating Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The presence of established industries such as pharmaceutical, plastic, paper, and wood among others, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support the Industrial Microwave Heating market growth in the region.

The different applications of Industrial Microwave Heating include pharmaceutical, plastic, chemical, paper, food and beverages, and others. In 2017, the food and beverages segment accounted for the highest market share owing to the increasing demand for drying, sterilizing, and mold-proofing of food products. Microwave heating is also used for cooking, foaming, blanching, and drying processes for manufacturing of foods and beverages.

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Bearings Market Regional Insights, Trends, Revenue & Forecast To 2026

The global bearings market was valued at USD 97.3 billion in 2017 and is anticipated to grow at a CAGR of 8% during the forecast period .and The worldwide Bearings market is anticipated to reach around $193 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the ball bearings segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market in 2017.


There has been an increasing adoption of bearings across the world owing to the growing manufacturing industry. Also, the growing applications of bearings in heavy machinery, and increasing automation of manufacturing processes boost the adoption of the bearings market during the forecast period. Factors such as growth in the global manufacturing industry, increasing applications in diverse industries, and increasing use in automobile production stimulate the growth of the global bearings market. Other factors driving the growth of this market include growth in the global automotive industry, rising demand from the renewable energy sector, and increasing demand for light-weight bearings for various applications. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The companies operating in bearings market include Schaeffler Group, Harbin Bearing Manufacturing Co., Ltd., NSK Global, The Timken Company, Rexnord Corporation, JTEKT Corporation, Brammer PLC, Federal Moghul Holding Corporation, NTN Corporation, and NKE AUSTRIA 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.

Asia-Pacific generated the highest revenue in the market in 2017. The increasing automation, use of heavy machinery in the manufacturing sector, and the established automotive industry drive the growth of bearing market in this region. The rising demand of motor vehicles from countries such as China, Japan, India, and South Korea, along with increasing requirement of light-weight bearing in automobiles boosts the adoption of bearings in the region. Increasing investments and technological advancements are expected to boost the adoption of bearings in the region during the forecast period. Increasing need to improve efficiency and productivity along with increased industrialization and automation further supplements the bearings market growth. The increasing applications of bearings in the renewable energy sector of Asia-Pacific are expected to accelerate the market growth during the forecast period.


Segment Analysis 
The global bearings market is segmented on the basis of type, end-user, and region. 
  • Bearings Market Size and Forecast by Type, 2018-2026
    • Key Findings
    • Ball Bearings
    • Roller Bearings
    • Others
  • Bearings Market Size and Forecast by End-User, 2018-2026
    • Key Findings
    • Automotive
    • Electrical and Electronics
    • Construction
    • Mining
    • Aerospace
    • Others
  • Bearings Market Size and Forecast by Region, 2018-2026
  • Key Findings
    • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Middle East & Africa

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Encryption Software Market Latest Trends, Global Demand, Industry Growth, In-depth Analysis and Opportunities till 2026

The global encryption software market size is anticipated to reach USD 20.44 billion by 2026 according to a new research published by Polaris Market Research. 

In 2018, the BFSI segment dominated the global market in terms of revenue. North America was the leading contributor to global revenue in 2018. An urgency to protect critical data and growing number of data lapses has boosted the adoption of encryption software. The widespread growth of mobile devices and increasing trend of BYOD further support the growth of this market. The rising spread of virtualization, cloud and big data analytics has supported market growth over the years. Growing investments in technological advancements by vendors, coupled with growing demand for cloud-based encryption software would accelerate the growth of encryption software market during forecast period. However high costs related to advanced encryption solutions and an awareness shortage among small and medium enterprises hinder growth. Growing demand from developing economies and technological advancements are expected to provide several growth opportunities in the future.


The companies include Microsoft Corporation, Symantec Corporation, IBM Corporation, EMC Corporation, CISCO Systems Inc., Intel Security, Check Point Software Technologies Ltd., Oracle Corporation, Trend Micro, Inc., and Sophos Group Plc. among others.

North America generated highest revenue for market in 2018 and is expected to lead the global market throughout forecast period. The increase in number of cyber-attacks and growing number of data breaches drive the market growth. A growing trend of BYOD, IoT, big data analytics and virtualization evinces the need of encryption software for data protection and data loss. A rising penetration of mobile devices and technological advancements bolster growth in the region. A greater spending on data protection in BFSI and defense sectors in the region promotes growth in the region.

A rushing request from emerging economies, expanding adoption of the software by BFSI sector and flooding demand for cloud-based encryption solutions are factors boosting growth of product during forecast period.

  
Enormous walks in strong innovation, data loss among enterprises has made encryption software very crucial for safe data transmissions. Furthermore, as undertakings are pushing forward with distributed computing, the product has become all the more important to prevent data slips by safeguarding touchy information.

Asia Pacific is expected to display highest CAGR during forecast period owing to urging need for data integrity at all levels in the industries in developing countries of the region
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Lightweight Materials Market Latest Trends, Global Demand, Industry Growth, In-depth Analysis and Opportunities till 2026

The global lightweight materials market size is anticipated to reach USD 237.1 billion by 2026, according to a new research published by Polaris Market Research. The report “Lightweight Materials Market Size, Share & Trends Analysis Report by Product (Metal Alloys, Composites, Polymers); By Application (Aerospace, Automotive, Construction, Energy, Aviation); By Region: Market Size and Segment Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

In 2018, the automotive segment dominated the global lightweight materials industry in terms of revenue. In 2018, Asia-Pacific accounted for the majority share in the global Lightweight Materials market. The expanding global automotive industry, along with increasing modernization of vehicles majorly drives the market growth. Increasing use in windmills owing to their improved performance, increased reliability, and higher durability boosts the demand for lightweight materials.


The adoption of lightweight materials has increased significantly owing to increasing demand from aviation industry, and greater use of lightweight materials in manufacturing of aircraft modules. Other factors driving the growth of this market include growing penetration of electric vehicles, technological advancements, and significant investments in R&D. New emerging markets, and stringent government regulations regarding vehicle efficiency and safety would provide growth opportunities for the market in the coming years.


Magnesium is a major lightweight material used in this market. Magnesium offers the lowest density of all structural metals with the ability to reduce component weight up to 70 percent. Magnesium is used as castings for powertrains or sub-assembly closures. Carbon fiber composites have the potential to reduce vehicle weight by up to 70 percent. They offer high stiffness, strength, and weight savings.


In 2018, Asia-Pacific accounted for the highest share in the global market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of lightweight materials in the region. The economic growth in countries such as China and India, lead to rising living standards and increasing disposable income, supporting the growth of the automotive industry. The increasing demand from construction and aerospace sectors further accelerate the growth of the lightweight materials industry. Expansion of global players into these countries to tap market potential boosts the market growth.

The well-known companies profiled in the l report include Evonik Industries, Toray Industries Inc., Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA, Hexcel Corporation, Titanium Metals Corporation, Formosa Plastics Group, and Bayer AG among others. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products in the lightweight materials industry to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.


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3D Printing Construction Market Growth Factors, Regional Analysis, Applications, & Manufacturers and Forecasts

The global 3D Printing Construction market size is expected to reach USD 14,896.4 million by 2026 according to a new study by Polaris Market Research. The report “3D Printing Construction Market Share, Size, Trends, Industry Analysis Report, By Construction Type (Modular, Full Building); By Process (Extrusion, Powder Bonding, Others); By Material (Concrete, Plastic, Metal, Hybrid, Others); By End-User (Building [Residential, Commercial, Industrial], Infrastructure); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The 3D Printing in Construction market is projected to witness a significant growth over the forecast period. The processing of the components in the 3D printer depends on the input file in a computer-controlled program. Use of software program in these printers significantly reduces human errors involved in conventional processes. Standardization of work is possible with the help of 3D printers, which would ultimately result into reducing the operational costs and reduction in human errors. The ease of using this technology and the reduction in errors drive the growth of the 3D printing market. This technology also offers design flexibility, efficient building of complex structures, and reduced carbon footprint.

Some of the major market participants include XtreeE, WinSun, Skanska, Apis Cor, Branch Technology, AI build, Zhuoda Group, Cazza construction Company, Contour Crafting Corporation, Monolite UK, Sika, Cybe Construction, Mx3D, Centro Sviluppo Progetti, Icon, and Imprimere Ag.


In October 2019, Apis Cor and the University of Nantes collaborated to construct a building in Warsan, Dubai, which holds the Guinness record for largest on-site 3D printed building. The building was printed on-site using mineral-infused fluids capable of solidifying into concrete. With increasing investments in the global 3D printed building market, specialist companies, construction firms, and building material manufacturers are collaborating to develop new and advanced building solutions to cater to the growing consumer demand. In 2019, there were 65 active companies who are offering these solutions for architects and engineers in the infrastructure industry, which is a significant increase from 20 active companies in 2013.

Apart from 3D printing startups, building and infrastructure giants such as VINCI Construction Grands Projects, and Bouygues Construction among others are collaborating with 3D printing solution providers to tap into the growing market. Education and research centers such as Nantes University, Massachusetts Institute of Technology, and Loughborough University among others who further offer tremendous support for development of these solutions and development process.


The demand for 3D printing for industrial buildings has increased to reduce high costs and time associated with constructing the infrastructure. In 2019, the building segment accounted for the highest market share. To address shortage of affordable housing solutions, companies such as Haus.me and S-Squared are developing low priced, and sustainable 3D printed housing options. These companies have peaked the interest of consumers in 3D printed houses with greater convenience in construction and speed.

On the basis of construction type, the market is segmented into modular, and full building. Modular construction is being used for mass production of objects in factories to be later transported to site. Availability of a wide range of printing materials, reduced transportation cost, decrease in labor costs, and substantiating policies and financial aid provided by government in research and development would support the growth of this segment.

Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Various government investments in 3D printing projects, increased expenditure in infrastructure and growing demand for green construction solutions are factors offering growth opportunities in the market.


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Riflescopes & Red Dot Sight Market Future Technological Trends and Business Opportunities By 2026

The global Riflescopes & Red Dot Sight Market size is expected to reach USD 9.8 billion by 2026 according to a new study by Polaris Market Research. The Riflescopes Market is projected to witness a significant growth over the forecast period. Development of novel products, growing focus of governments across the globes on armed forces modernization, widening scale of anti-terrorist activities and broad product portfolio offered by companies are some of the factors benefitting the market growth.

Riflescope demand from shooting sports is also expected to witness steady growth over the forecast period. Shooting sports are played at various national and international levels in countries across the globe such as Olympics, Asian Games, Commonwealth Games, among others. The sport is becoming increasingly popular in countries such as India particularly after the nation secured medals in these major sporting events. Such trends are benefitting the overall riflescopes demand.


Riflescopes have inherent advantages that aid the shooter in various ways. IT reduces the complexity that is associated with using iron sights as riflescopes do not require lining up of the rear sight with the front sight. They also make the target easier to see as they provide magnification features, thus aiding in taking a more precise shot. The scope also enables crisp, sharp target picture thus making it easy to use for people having eye vision issues. Such advantages are benefitting the overall riflescope market demand.

North America was the largest regional market segment in 2019 while Asia Pacific was the fastest growing segment. Possessing a firearm is quite common in the U.S. In fact, studies conducted in the country have concluded that the firearm possession per family is very high in the country, higher than most countries across the globe. In addition, major market participants have strong presence in the country. Such trends are benefitting the riflescope demand in the U.S. thus also favoring the regional market growth.

Major market participants are trying to develop products by carefully studying the various determinant factors. These factors include the field of operation, hunting range, rifle size, among others. They have also developed advanced riflescopes which are small in size but still deliver high magnification. Products having HD lenses as well as T coating to provide high clarity and brightness have also been developed. Such novel development of riflescopes is benefitting the overall market growth.


The leading players in the Riflescope & Red Dot Sight Market include Bushnell, Schmidt & Bender GmbH & Co. Kg, Leupold & Stevens, Inc., Hawke Optics, Hensoldt, Burris Company, Vortex Optics, Aimpoint, Nightforce Optics, Inc., Nikon, BSA Optics, Flir Systems, Sig Sauer, Steiner, Leica Camera, Carl Zeiss AG, Trijicon, Inc., Eotech, U.S. Optics , and Primary Arms among others. These players are expanding their presence across various geographies and entering new markets such as China and India to increase their revenues. These riflescope industry participants are also introducing new innovative products to suit the customized needs of their clients.
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Capacitive Sensors Market Trends, Drivers, Strategies, Segmentation Application With Top Key Players

The worldwide Capacitive Sensors Market is anticipated to reach around USD 40 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer electronics segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Capacitive Sensors market.Capacitive Sensors Market Is Expected to Reach USD 40 Billion in 2026

The demand for capacitive sensors has increased owing to rising demand for consumer electronics, growing demand for vehicles from emerging economies, and modernization of vehicles. The rising use of capacitive sensors in consumer devices, and growing demand from healthcare sector has resulted in the capacitive sensors market growth. The rising adoption of touch screen displays, and connected devices has increased the demand for capacitive sensors across the globe.



 The growing implementation of scratch-resistant non-glass surfaces, and miniaturization of sensors further accelerates the adoption of capacitive sensors. Growing demand from emerging economies, development of smart devices, increasing adoption of IoT, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The leading companies profiled in the Capacitive Sensors Market report include Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, Inc., 3M Company, Fujitsu Limited, Cypress Semiconductor Corporation, Analog Devices Inc., TPK Holding Co. Ltd., Siemens AG, and STMicroelectronics NV. 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.


In 2017, Asia-Pacific accounted for the highest share in the global Capacitive Sensors market. The primary factors driving the Capacitive Sensors market growth in the region include established automotive industry, rising demand for consumer electronics, technological advancements, and high investment in R&D. The economic growth in countries such as China, Japan, and India, increasing development of smart technologies, and rising disposable income of consumers further increases the demand of Capacitive Sensors in the region.

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Tuesday, 7 July 2020

Digital Signages Market Trends, Drivers, Strategies, Segmentation Application with Top Key Players

According to a new study published by Polaris Market Research the global digital signage market is anticipated to reach USD 34.9 billion by 2026. Digital signage helps the companies to promote their products and services using creative ideas, thus reaching out to a large number of audiences at a single time. Digital signages uses audio visuals, thus eliminating the need for printed materials. They are also used for information sharing with the help of self-service kiosks and information kiosks. Different industry verticals are adopting to this technology, owing to its cost effectiveness and due to the ease of content sharing.

The data on digital signages can be shared simultaneously to different screens installed at different locations, thus reducing the time and cost and helps in providing better control over the data displayed. Due to these advantages, the market for digital signage is projected to gain traction over the forecast period.

Displays play a major role in the overall digital signage market. Display technologies such as LCD, LED and projection are widely used. Currently the market for LCD is high, however with the growing adoption of LED display panels, the market for LED display is anticipated to gain traction during the forecast period. This is majorly due to the flexibility, brightness and clarity which these LED screens provide. There are different types of digital signages which are being used in the market which include transparent LED screens, video walls, video screens digital posters and kiosks.

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The market share for video screens is high, however video walls are estimated to gain a larger market share due to its increasing usage in different industry verticals. These video walls can be used both indoors and outdoors and can be installed and implemented according to the different shapes of the buildings. Kiosks on the other hand are being used widely in educational institutes, offices and malls for self-help and are estimated to gain traction.

Digital signage components which include hardware, software and service are also gaining a good traction in the market. Hardware is one of the crucial component for digital signage, since it is used for displaying the information. This hardware is expensive and majorly include screens, connectivity hardware and sensors. Software on the other hand helps to display and upload the content on these screens and help them to connect with the central servers. The service segment includes installation and maintenance of these hardware and software. It is estimated that the market for hardware would gain a significant traction followed by software and service segment during the forecast period.

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Retail sector is one of the largest adopter of the digital signage technology followed by banking, transportation, government and hospitality industry. This adoption by the retail sector is due to the increasing need and requirement of the retail stores to promote their products, service, offerings in a more attractive way to attract more customers. Along with this sector, the transportation vertical incorporates the use of computerized advertising and screens at airplane terminals, railroad stations, metro platforms, and transport stands. Furthermore, the digital screens are additionally utilized on the streets, over and inside taxis, public transport systems, and on terminals for information sharing as well for advertisements. This increased usage and application in different verticals is boosting the global market for digital signage.

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3D Printing Metal Market Size Historical Growth, Analysis, Opportunities and Forecast To 2026

The global 3D printing metal market is expected to reach USD 3.06 billion by 2026 with a CAGR of 23.6% during the forecast period as per a new study released by Polaris Market Research. The report “3D Printing Metal Market [By State (Powder, Filament, and Others); By Metal Type (Titanium, Nickel, Stainless Steel, Aluminum, and Others); By End-Use (Medical, Automotive, Aerospace & Defense, and Others); By Regions]: Market size & Forecast – 2018 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends.

Large industrial application has significantly increased the 3D printing (3DP) metals market growth. Additive manufacturing technologies such as 3D printing are their prime applications. Features such as low weight and high strength, with exceptions of very high resistivity to corrosion feature, makes the application of 3D printed metals favorable. Increased emphasis by leading manufacturers, expert 3D printer vendors, 3D printing service agencies, software vendors, professional service providers, and other stakeholders is increasing the attractiveness of the 3D printing metal market.


Globally, the 3DP metals market is driven by aerospace & defense industry. This know-how marks in lighter, faster, and highly efficient materials and technologies as compared to traditional ones. Furthermore, The 3DP metals manufacturing is flagged by high value customized production which makes it alluring the small, medium-sized, and big businesses. 

The growth of 3D printing metal industry is substantially influenced by the medical industry as well and has prime application in hearing aids manufacturing. Technological advancement in 3D printers significantly impact the medical industry owing to rising focus of healthcare practitioners on quality improvement, cost reduction, and growing theragnostic approach.


3DP metal industry is characterized by lucrative growth opportunities for both suppliers and operators. Suppliers have potential to capture lead by reducing cost of supply aftercare services. This makes potential application analytics for the spare parts consumption, and minimizing the length of development and retooling process. Varied metals used in the manufacturing process are customized as per the end-user’s. The fastest growth is anticipated by Titanium owing to excellent production precision properties and greater features over all other types of metal.

  
The market is dominated by North America with the United States holding the largest share in the region. Further, the Asia Pacific market is projected to grow with the fastest CAGR during the review period owing to high R&D investments and rising manufacturing market by big market participants in South Korea, China, and Japan, and liberating administration guidelines. The global 3D printing metal market is consolidated and comprise of varied companies. Few key organizations include Arcam AB, 3D Systems Corporation, ExOne GmbH, Renishaw Plc, Hoganas AB, Carpenter Technology Corporation, Equispheres, Materialise NV, and Sandvik AB.


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Monoclonal Antibodies mabs Market Overview with Detailed Analysis, Competitive landscape Forecast to 2026

According to a new study published by Polaris Market Research the worldwide monoclonal antibodies market is anticipated to reach over USD 148.9 billion by 2026. In 2017, by indication, the cancer segment dominated the global market in terms of revenue; wherein fully-human monoclonal antibodies held a major share of the market. In terms of geography, North America accounted for the majority share in the global monoclonal antibodies market.

The monoclonal antibodies (mAbs) market is mainly driven by an active pipeline, wherein many monoclonal antibodies are at the different stages of drug development. In addition, increased in research and development, favorable government policies and rising prevalence of cancer and other chronic diseases supplement the market growth. The other factors that augment that market growth include the increasing the demand for personalized medicine and rising awareness among medical professional and patients about the latest medical therapies. Moreover, emerging targets such as central nervous system disorders, price correction and new delivery strategies for monoclonal antibodies provide opportunities for market growth in the near future.




Monoclonal antibodies constitute a major share of the pharmaceutical market with several monoclonal antibodies still in the pipeline. With over 30 monoclonal antibodies approved for use by regulatory authorities, many monoclonal antibodies are in the pipeline at the pre-clinical stage and various stages of clinical trials. Furthermore, availability of advanced technology for monoclonal antibodies production has egged on many other market players to develop their own pipelines. Also, in the last few years the patents of many monoclonal antibodies have expired thereby encouraging other pharmaceutical companies to undertake production of monoclonal antibodies.

There has been an increase in the research and development activities in the field of monoclonal antibodies. Several biomedical and technological advances in genetic engineering and next generation genome sequencing have fuelled the growth of the monoclonal antibody market. Also, multiple new targets have been identified during preclinical research, which has led to the development and production of newer monoclonal antibodies by using various cytotechnological methodologies. In addition to this, favorable government initiatives to enable cost-effective production of monoclonal antibodies would give impetus to the monoclonal antibodies market growth. Also, pre-defined guidelines by regulatory bodies would ensure the safe, effective and high quality manufacturing of monoclonal antibodies Recently, the European Commission approved the first biosimilar mAb Celltrion’s Truxima (biosimilar rituximab), thereby boding well for its potential approval in the U.S.
  


Based on indication, the global monoclonal antibodies market is segmented in to cancer, inflammation, cardiovascular diseases, transplant rejection, respiratory and infectious diseases. The cancer segment is expected to lead the market during the forecast period owing to rapidly expanding patient pool, awareness about monoclonal antibodies among physicians and patients, improving medical facilities, high spending power in developed countries and increasing disposable incomes in developing countries.

The leading companies operating in this industry include Pfizer, Inc., GlaxoSmithKline PLC, Novartis AG, Merck & Co., Inc., Eli Lily & Co., AstraZeneca, Amgen, Inc., Abbott Laboratories, Thermo Fisher Scientific, Inc., Bistro-Myers Squibb. Mylan N.V., Daiichi Sankyo Company, Ltd., Bayer AG, Hoffmann-La Roche Ltd., and Novo Nordisk A/S. The market players have adopted various strategies such as novel product development, new product release, and venture capital investments among others to establish a foothold in the market and increase their customer base.

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