Blood Glucose Monitoring Device Market 2020: Industry Sales, Revenue, Price and Gross Margin, Import and Export Status

 The Blood Glucose Monitoring Device market is anticipated to reach over USD 2.61 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global Blood Glucose Monitoring Device market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

 

The increasing need for home care diagnosis and real time data by the end users to primarily drive the blood glucose monitoring device market during the forecast period. These devices have potential market due to the rising technology advancements in this industry during the forecast period. Moreover, the major supporting factor for this market growth is the number of populations suffering from diabetes. According to the World Health Organization (WHO), approximately there were direct deaths if 1.6 million in 2015, and this number is attributed to rise by 2030 making diabetes the 7^th leading cause of death globally.

 

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Furthermore, the changing life style of the people, and rising preference to the sedentary life style to also support the market growth in the coming years. However, lack of awareness, limited use of these devices, and no proper reimbursements regulation by the government would impede the market growth during the forecast period. 

 

North America generated the highest revenue in the Blood Glucose Monitoring Device market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, rising patient awareness for proper self-diagnosis methods, which saves the time, money, and provides accurate real-time data about the patient health. Also, decreasing cost & time of treatment, and continuous research and development in the same field to also boost the market growth in coming years. While, Asia Pacific blood glucose monitoring device market  is supposed to the fastest growing market during forecast period.

 

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The key players operating in the Blood Glucose Monitoring Device market include Abbott Laboratories, Terumo Corporation, ARKRAY Inc., Medtronic Plc., Acon Laboratories Inc., Roche Diagnostics Ltd., Johnson & Johnson, Novo Nordisk A/S, Becton, Dickinson and Co., Sanofi, Bayer AG, Ypsomed AG. 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 Global Demand Analysis & Opportunity Outlook 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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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.

 

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.

 

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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.

 

Insulated Packaging Market 2020 Share, Latest Trend Analysis and Forecast 2026

 The global Insulated Packaging market is anticipated to reach USD 21.5 billion by 2026 according to a new research published by Polaris Market Research. In 2018, 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 market revenue in 2018.

 

The increasing disposable incomes and growing demand for fresh and natural products drives the market growth. Growing urbanization, and improving living standards of consumers have increased the demand for insulated packaging solutions. The growing need for temperature sensitive packaging, improved shelf life of products, and high demand from the food and beverage sector boost the insulated packaging market growth.

 

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The demand for insulated packaging has increased from industries such as cosmetics, pharmaceutical, chemicals among others. The increasing demand for fresh products, growth in pharmaceutical industry, increasing trend of e-commerce, and growing demand from the emerging economies are factors expected to offer numerous growth opportunities for the insulated packaging industry during the forecast period.

 

Polaris Market Research has segmented the global insulated packaging market on the basis of type, product, material, end-use and region:

 

A major application of insulated packaging is in the pharmaceutical industry. Insulated packaging uses simple materials such as cotton fiber pads for blocking the heat and high maintenance of quality during transit. Insulated packaging comfortably maintains the temperature of packages between 2-8 degrees C for more than 24 hours. This packaging offers medical sterilization owing to its capability to provide a strong sterile barrier. It provides heat resistance, which increases shelf life and ease of use. It is widely used in hospitals and by medical equipment and medical disposables manufacturers. This technology also opens up new avenues of service, where patients with chronic illness can get medications delivered at home.

 

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

 

The well-known companies profiled in the report include Amcor Limited, E.I. Du Pont De Nemours and Co., Davis Core & Pad Company, Sonoco Products Company, Innovative Energy, Inc, Deutsche Post AG, Marko Foam Products, Inc., Huhtamaki Group, Providence Packaging, and The Wool Packaging Company Limited. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Service Robotics Market Size, Share, Growth Rate, Industry Analysis and Global Forecast – 2026

 The global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026’ provides insights on the current market scenario and the future prospects. In 2017, the hardware segment dominated the global service robotics industry, in terms of revenue. Europe was to be the leading contributor to the global market revenue in 2017.

 

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services. With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years. The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.

 

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Technological advancements in vision software and assistive robots for patient care have further led to the development of innovative products to cater to the customized requirements and diversified applications of service robots in the healthcare industry. Growth of wireless technologies, smartphone adoption, rising trend of cloud computing, strong and stable economic growth in the growing economies, and untargeted potential markets provide lucrative opportunities for the market players in the market.

 

The advent of new technologies has led to the development of efficient and advanced medical robots for providing customized solutions. Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities. Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies. The da Vinci Surgical System, a surgical robot developed by Intuitive Surgical, Inc., holds a major share in the robotic surgery market.

 

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Surgical robots are specifically designed to perform surgeries or assist surgeons during operation procedures. It is a significant revenue-generating category in the healthcare segment owing to its high precision. Companies have formed alliances to offer diversified solutions in this segment. For instance, Verily Life Sciences LLC, a company by Alphabet Inc., has partnered with Johnson & Johnson’s Ethicon to manufacture surgical robots under jointly incorporated Verb Surgical, Inc. Another company, TransEnterix, Inc. recently launched the Surgibot Surgical System, which is capable of performing surgeries by creating only one incision for multiple instruments.

 

Europe generated the highest revenue in the service robotics industry in 2017. Growing demand for automation, technological advancements, and increasing labor costs encourage companies to invest in service robotics. Vendors in the service robotics industry deliver customized solutions for self-driving vehicles, surgical technologies, entertainment, and agriculture to cater to a wider audience. Government initiatives such as launch of civilian research and innovation program in robotics in 2014 and incorporation of SPARC Robotics, a joint platform for robotics companies in Europe, help to drive the market growth in Europe. In addition, under the platform of Innovation Union, a Europe 2020 flagship initiative is formed to maximize Europe’s global competitiveness.

 

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The well-known companies profiled in the service robotics market report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Clean Label Ingredients Market to Witness an Outstanding Growth During 2020 – 2026

 The report “Clean Label Ingredients Market Share, Size, Trends, Industry Analysis Report By Application (Beverages, Bakery, Dairy & frozen desserts, Prepared food/ready meals & processed foods, Cereals & snacks, Others), By Form (Dry, Liquid), By Type (Natural colors, Natural flavors, Fruit & vegetable ingredients, Starch & sweeteners, Flours, Malt, Natural preservatives, Fermentation ingredients, Oils & shortenings, Emulsifiers, Cereal Ingredients)), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global Clean Label Ingredients market size is expected to reach USD 68.22 billion by 2026 according to a new study by Polaris Market Research

The market witnessed tremendous growth in the recent past and this trend is expected to continue from 2019 to 2026. Companies have developed products and formulations that have good taste, texture, smell, appearance and tolerance has resulted in wide consumer acceptance. The number of product clean label product launches is on the rise thus providing consumers with a wide variety of choice while still facilitating them to concentrate on their health. Dairy segment witnessed a wide range of product revamping and new product launches as well.

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Companies such as Cargill, Kerry Group PLC, Koninklijke DSM N.V., E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Tate & Lyle PLC, and Archer Daniels Midland Company are some of the key players operating in the global market.

 

Growing product investment with using natural products for the coloring the products such as using brown colors from rice and organic sugarcane is boosting the product demand in processed food. The manufacturers are using organic processors desiring orange color from pumpkin juice and carrot concentrates. Shifting consumer preference towards organic based products is further enhancing the product growth. Shifting trend towards food that are least processed and maintaining the natural content of food will have significant impact over the coming years.

 

Increasing demand of consumer towards snacking and number of snacking occasions between meals will boost the product growth. Easy to carry and easy to use option of snacks offering healthy benefit will significantly improve the product demand. Snacks are widely preferred by the kids and parents are preferring to provide clean label cereal and snacks over conventional alternatives. Growing consumer focus on nutritional value of the product such as high protein, naturalness, high vitamins, no processing or minimum processing, is expected to significantly enhance the product demand. These are widely consumed in matured economies also. Increasing consumer spending towards health-oriented foods will further boost the product growth.

 

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Presence of various major players particularly in the North American region are playing a significant role in the transformation of food and beverage industry. Multiple changes in nutritional recommendations, potential government legislation, and consumer demands has resulted in bringing the necessary amendments related to health conditions. The industry participants across the region are making strenuous efforts to bring advancements in clean label ingredients thereby enhancing quality of food products.

 

Clean Label product manufacturers completely offset the usage of artificial ingredients which have a negative impact on the overall human health. Clean Label Food & beverage manufacturers are deploying fortification of nutritional additives such as chia seeds, fruits, nuts, pumpkins, etc in their product offerings. The major motive of incorporating aforementioned additives in clean label food & beverage industry is to increase the nutritional content in food items

 

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Continuous Glucose Monitoring Device Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 The global Continuous Glucose Monitoring Device Market size was valued at USD 3,512.8 million in 2019 and size is expected to reach USD 12.18 billion by 2026 according to a new study by Polaris Market Research.

Continuous Glucose Monitoring Device have witnessed tremendous growth in the recent past and this trend is expected to continue from 2020 to 2026. Health agencies as well as governments have issued health advisories which explicitly mention that people suffering from diabetes are at high risk of corona virus infection. Experts have also specifically mentioned that continuous monitoring of blood glucose levels to avoid worsening of conditions. CGM is expected to benefit from such trends.

 

In order to cope with the rising demand for COVID-19 tests, companies such as Abbot have customized their production lines and manufacturing schedules to produce corona virus test kits. However, such companies have stressed on the fact that the production of other products such as CGM will not be hampered. It is expected that there will be exponential rise in demand for CGM products in the next few years. As of now, healthcare has become of prime importance and there is rising importance of preventive healthcare. Ease of usage of CGM products, easy availability coupled with COVID-19 scare is expected to fuel the market growth.

 

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Although, point of care diagnostic procedures such as CGM proves to be very effective in delivering healthcare to all, they are an expensive affair for healthcare facilities dealing with high test volumes. This is expected to impede market’s growth in the cost sensitive undeveloped economies of the market. However, the introduction of cheap and cost-effective devices for point of care diagnoses is expected to gradually reduce the impact of this restraint over the forecast period.

 

The regulatory framework is one of the most restraining factors pertaining to pharmaceutical, biotechnology and medical technology industry. Absence of clear regulatory framework/guidelines for the diagnostic sector in developing countries such as India and China where the CGM market has great growth potential due to the presence of a large patient base is anticipated to impede growth in the coming years. The presence of such discrete and uncertain scenario about the regulations for CGM devices creates confusion among CGM manufacturers regarding commercialization.

 

North America emerged as the largest market in 2019 and the regional market is expected to dominate the market up to the end of the forecast period i.e. 2026. Strong presence of market participants, high awareness regarding device usage and high inclination towards preventive healthcare are some of the factors benefitting the regional market growth.

 

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Companies such as Senseonics Holdings, Inc., Insulet Corporation, Bayer AG, Ypsomed Holding AG, LifeScan, Novo Nordisk, Medtronic PLC, Dexcom Inc., Abbott Diagnostics Inc., and Roche Diagnostics are some of the key players operating in the Continuous Glucose Monitoring Device Market.

 

Polaris Market research has segmented the Continuous Glucose Monitoring Device Market report on the basis of component type, end-use and region

Continuous Glucose Monitoring Device component type Outlook (Revenue, USD Million, 2015 – 2026)

·         Transmitters & Receivers

·         Sensors

·         Insulin Pumps

Continuous Glucose Monitoring Device end-use Outlook (Revenue, USD Million, 2015 – 2026)

·         Hospitals

·         Homecare Diagnostics

·         Others

 

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Reclaimed Rubber Market to Witness an Outstanding Growth During 2020 – 2026

 The global reclaimed rubber market size is estimated to reach USD 6.53 billion by 2026 growing at a CAGR of 12.03% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Reclaimed Rubber Market, [By Product (WTR, Butyl Reclaim, EPDM, Drab & Colored), By Application (Automotive & Aircraft Tires, Cycle Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods), By Regions, Segments & Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, WTR segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.

 

The global reclaimed rubber market is primarily driven by the expanding automotive & aerospace industries. Rising natural rubber prices have also forced automobile manufacturers to shift towards products with lower processing costs and recyclable products or rubber blends. The industry is extensively driven by the demand of reclaimed rubber in tire industry

 

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Whole Tire Reclaim (WTR) is anticipated to be the fastest growing type of reclaimed rubber. This is due to lower processing costs coupled with reduced environmental impacts and properties such as high durability and versatility. However, their growth is also expected to be constrained by the emergence of new elastomer-based products. Reclaimed rubber types such as EPDM have increasing replaced traditional natural rubber in consumer moulded goods and automobile tires.

Asia Pacific is the largest regional market for the reclaimed rubber industry. The growth in the region is primarily due to the rapidly growing industrial manufacturing activities of the developing nations such as China, India, and the Southeast Asian countries. In addition to this, developed countries are likely to witness growth at below-average rates in comparison to the other regions across the globe. Europe and North America are also expected to witness considerable growth during the forecast period due to utilization of reclaimed rubber in large and rapidly growing automotive industry.

 

The global reclaimed rubber market is highly competitive and moderately fragmented. It is also characterized by numerous small-scale industrial producers. Some of the key reclaimed rubber market players include Rolex Reclaim Pvt. Ltd., J. Allcock & Sons, Sun Exims (India) Pvt. Ltd., Star Polymers, GRP (Gujarat Reclaim & Rubber Product Ltd.), Genan, Huxar Reclamation, Titan International Ltd., Swani Rubber Industries, and Balaji Rubber Reclaim.

 

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Polaris Market Research has segmented the global reclaimed rubber market on the basis of Product, Application and Region:

Reclaimed Rubber Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

·         WTR

·         Butyl Reclaim

·         EPDM

·         Drab & Coloured

·         Others

Reclaimed Rubber Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

·         Automotive & Aircraft Tires

·         Cycle Tires

·         Retreading

·         Belts & Hoses

·         Footwear

·         Molded Rubber Goods

·         Others

Reclaimed Rubber Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

·         North America (U.S., Canada)

·         Europe (France, Germany, UK, Italy, Hungary, Croatia, Austria)

·         Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)

·         Central & South America (Brazil, Mexico, Argentina)

·         MEA (Saudi Arabia, UAE, Israel, South Africa)

 

Carbon Dioxide Market is Set to Experience Revolutionary Growth by 2026

The global carbon dioxide (CO2) market is anticipated to reach USD 9.16 billion by 2026 and is anticipated to grow at a CAGR of 3.9 % from 2018 to 2026. The carbon dioxide (CO2) market is anticipated to witness significant growth over the forecast period. Increasing enhanced oil recovery operations by upstream players, in order to maintain their production levels, are expected to boost the market demand. Increasing use of carbon dioxide in application industries such as refrigeration, food & beverages, chemical wholesaling, and pharmaceuticals is projected to propel the market growth.

 

Growing demand for carbonated drinks and soda water is a major factor contributing to the market growth over the next nine years. The high cost of carbon dioxide capture, liquefaction, and transportation is anticipated to act as the key restraining factor for the market growth. Concerns regarding oversupply of carbon dioxide from numerous potential sources and the subsequent reduction in its price are likely to hamper the market growth.

 

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The industrial gases can be transported in the gaseous or liquid form via pipelines, ships, and road tankers. Currently, transporting the gas as a solid form is neither cost-effective nor feasible from an energy usage point of view. Pipelines are the most cost-effective mode of transport for large quantities of carbon dioxide. Economies of scale make it economic to transport 1 Mt to 5 Mt per year over 100 km to 500 km or 5 Mt to 20 Mt per year over 500 km to 2,000 km.

 

To overcome the problems caused by CO2 emission globally, governments have established various regulations and directives on Carbon Capture and Storage (CCS) for the safe storage and transportation of carbon dioxide. These legal frameworks contain provisions regarding the capture and transport components of CCS technology. Globally, government agencies have formulated various regulations for the proper storage and transportation of carbon dioxide. These regulations are beneficial for preventing environmental & health risks. In addition, these regulations also provide security of the carbon dioxide storage sites.

 

Companies are developing advanced CCS technologies for effectively capturing, purifying, liquefying, and storing of gas. These industry participants are also engaged in development of effective systems for the transportation of CO2, which include ships, pipelines, road and rail, tankers. CCS technology is more effective for CO2 in gas and liquid state.

 

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An Increase in the number of power plants and chemical industries is also contributing to the carbon dioxide production globally. Companies are installing CCS plants, which could be utilized for industrial use. The increasing demand for carbon dioxide in the end-use industries is a major factor contributing to the market growth. Increasing application of EOR technologies especially in the North American region, owing to a rising number of mature wells, is one of the major factors contributing to the growth of the market.

 

The rising application of EOR activities on account of an increasing number of matured oil and gas fields, the demand for carbon dioxide for utilization in these activities is also increasing. Hence, the growing carbon dioxide demand for EOR activities is expected to drive the CCS industry over the forecast period.

 

Since, CO2 is a waste byproduct of human respiration, its medical usage is limited. However, it is considered as one of the major medical gasses. In the medical industry, carbon dioxide is also used in cryotherapy and respiratory stimulation during & after administration anesthesia. In cryotherapy, frozen CO2 snow (–78.5°C) is used for destroying body cells by the process of crystallization. This process can also be used for the removal of skin tag, moles, and warts.

 

The cost of the carbon dioxide capture and storage technology along with a new plant set up is very high and this may not prove to be a viable solution for many industry players or even countries globally. Therefore, the high cost of CCS is expected to restrain the market in the near future.

 

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