Injection molded plastic Market 2020 | Scope of Current and Future Industry 2026

The report “Injection Molded Plastic Market Size By Raw Material (Polystyrene, Polypropylene, Acrylonitrile-butadiene-styrene (ABS), High density polyethylene (HDPE), Others); By End-User (Automotive, Construction, Packaging, Healthcare, Consumer Goods, Others); By Region, Segments & Forecast, 2017 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.

The global injection molded plastic market is expected to reach more than USD 396.1 billion by 2026 with a CAGR of 6% during the forecast period as per a new study released by Polaris Market Research. In 2017, During the forecast period, Asia-Pacific is expected to lead injection molded plastic market.

The tremendous growth in industries such as healthcare, packaging, automotive, construction and consumer goods have contributed in the growth for injection molded plastic market. The other driving factors such as lower labor cost, reduced wastage, material flexibility, introduction of lower labor cost have also contributed in the growth of the market. How-ever the factors such as concerns regarding environmental pollution, increase in demand for bio-based polymers are expected to restrict the growth of the market. Increase in demand from developing nations, technology advancement are expected to provide future opportunities to the injection molded plastic companies.

 

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Injection molded plastic is used in many applications in automotive industry. It is used for manufacturing automotive interiors, exteriors, under hood applications, fueling framework, etc. Injection molded plastics are cost effective and hence used in almost all manufacturing automotive parts. Presently, it is also used as substitute for the metals, which offers lighter weight, provides rust resistance and reduce wear and tear in automotive parts.

 

Asia Pacific has the largest share in injection molded plastic market. It is also expected to lead the market through the forecasted period. In Asia-Pacific there are many emerging industries for healthcare, construction, packaging etc. There are many research and development activities carried in this market. The government has also amended favorable policies to accelerate the growth of the market. Rapid industrialization and growth of manufacturing industry further support market growth in the region. The other end-users applications for injection molded plastic are automotive, construction, packaging, healthcare, consumer goods, and others.

 

The top companies for injection molded plastics are: E. I. DuPont De Nemours and Company, China National Petroleum Corporation, Huntsman Corporation, BASF SE, , LyondellBasell, Berry Plastics Group, Eastman Chemicals, , SABIC, INEOS Group, the Dow Chemical Company, Exxon Mobil Corp and many others. The companies are continuously working on new product launches and are collaborating with other companies to increase the production and cater the growing need for injection molded plastic.

 

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Identity and Access Management Market Size, Development, Key Opportunity, Application & Forecast

According to a new study published by Polaris Market Research the global identity & access management (IAM) market is anticipated to reach USD 25.15 billion by 2026. The increasing adoption of connected devices, Bring Your Own Device (BYOD), Internet of Things (IoT) and audit management combined with cost control are the prime components boosting the market growth. Also, the growth in online applications and risk management compliance mandates are anticipated to impel the identity & access management market and thus it is projected to gain traction over the forecast period.

 

The implementation of identity & access management systems has grown considerably in the last few years, inferable from the developing usage at enterprise level for unified checking and stringent government regulations to secure client information. The increase in occurrences of cyberattacks and rise in adoption of IoT (Internet of Things) are projected to drive the market. The absence of predefined set of rules and mandates in certain industries and concerns about cloud-based security is hampering the market development to a certain extent. Owing to the developing market for electronic security frameworks and various functionalities provided by IAM systems, the worldwide market is expected to grow at a high pace.

 

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Identity access management market is projected to witness noteworthy development inferable from increasing interest throughout different application segments. Cloud and hybrid deployments are expected to gain adoption in the business due to improved security with decreased error rates. Growth in client interaction through physical, online networking, mobile, and different channels for monetary services has given way to enormous development to the IAM solution providers in the BFSI segment. Besides, the oil & gas and energy vertical is anticipated to develop at a significant growth rate amid the forecast years, attributable to innovative technology, for example, robotized framework and distributed computing among others.

 

Key Findings from the study suggest that the application of IAM solutions in government segment represented a significant share of revenue in 2017 and is foreseen to show huge development throughout the forecast years. Prominent trends in the industry such as financial development, technological change and statistical developments should be equipped with dynamic framework, thus in turn driving interest for IAM systems. Numerous government organizations, for example, transportation and public utilities are executing strong security measures which are evaluated to drive market growth globally.

 

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The market for IAM in North American dominated the global market in 2017, and is projected to represent more than 30% of the overall share by 2026. Many offices in the North American region provide their employees with an equipment based individual recognizable proof confirmation card for gaining access to restricted areas. This has pushed the adoption of IAM in this region. Cloud IAM market is anticipated to witness strong demand over the forecast years, increasing at a high growth rate. Cloud deployments provide cost advantage and are anticipated to change the traditional IT security scenario.

 

3d Cell Culture Market- Industry Insights, Top Trends, Drivers, Growth & Forecast

 The Global 3D Cell Culture Market Size is anticipated to reach over USD 2,768.8 Million by 2026 according to a new research published by Polaris Market Research.

 

3D cell culture is a cluster of biotic cells that are allowed to cultivate in artificial media in three dimensions. This type of cell culture used in tissue engineering and drug discovery, due to its property of providing prognostic data for in vivo tests and physiologically pertinent statistics. 3D cell cultures have a longer lifespan as well as more stability when compared to 2D cell culture system. This property makes them appropriate for long-term studies and long-term effects of the drug on cells. 3D cell culture systems are mostly grown in 3D cell colonies or bioreactors. Research studies estimated that they function similar to natural cells. due to which they have applications in oncology research.

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Some major key players in global 3D Cell Culture Market include 3D Biotek, Advanced Biomatrix, Becton, and Dickinson Company (BD), corning Incorporated, Global cell solutions Inc., Thermo Fisher scientific Inc., VWR Corporation, Nanofiber solutions, Lonza Group Ltd., Synthecon incorporated, and Tecan Trading AG among others.

 

Rising occurrence of several types of cancer cases and the need for effective and affordable treatment are the major factor driving the growth of the 3D cell culture market. According to the World Health Organization (WHO) 2015, it is estimated approximately 8.8 million deaths due to cancer globally. In addition, development of optimized 3D assays, growing investment in healthcare, rising R&D investments, and other research associated activities are also propelling the growth of 3D cell culture market significantly. The 3D cell cultures are majorly used for testing efficacy of new drug development, which can be further used for the treatment of chronic diseases such as cancer, cardiovascular and neurological ailments. This surges implementation of the 3D cell culture by biotechnology and pharmaceutical industries, which in turn is driving the growth of 3D cell culture market.

  

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The global 3D Cell Culture Market is segmented on the basis of products type, applications, end users, and geography. On the basis of product type, the global 3D cell culture market is segmented into Scaffold-based platforms, Bioreactors, Gels, Microchips, and Services. The scaffold based platforms are further categorized into Macro-Porous scaffolds, Microporous scaffolds, Nanoporous scaffolds, Scaffold free platforms, and Solid scaffolds. Scaffold-based cultures estimated to share the highest market in 2017. Availability of a substantial number of products based on the structure maintained 3D cell culture is attributive for the estimated share of this segment.

 

Based on the applications the global 3D cell culture market is segmented into Drug Discovery, Stem cell research, Cancer research, and Regenerative medicine. In 2017, Application in cancer research estimated to form the largest demand for 3D cell cultures market. On the basis of end users, the global 3D cell culture market IS segmented into Academic Institutes, Biotechnology & Pharmaceutical Companies, and Contract Research Laboratories. Biotechnology & pharmaceutical sectors dominated the market in 2017, as a significance of the developed application of technology in the drug discovery procedures in order to carry out well-organized screening and board validation.

Pruritus Therapeutics Market Overview, Industry Top Manufactures, Size, Growth rate

 The global pruritus therapeutics market is anticipated to reach over USD 17,275.12 Million by 2026, according to a new research published by Polaris Market Research, Pruritus, also known as itch disorder can be triggered by several ailments ranging from dermatological disorders such as mycoses, atopic dermatitis, chickenpox, and contact dermatitis, Pruritus is interrelated with the dermatologic and systemic causes. A typical itching generally forms the diagnosis of a key dermatologic syndrome. Several skin diseases that are related to pruritus include renal pruritus, hematologic pruritus, cholestatic pruritus, idiopathic generalized pruritus, pruritus related to malignancy and endocrine pruritus. Renal pruritus can befall in people with chronic renal failure. Increased levels of ions such as calcium, phosphate, and magnesium are found in the skin of pruritic patients.  Severe pruritus leads to scratching that causes secondary skin problems such as eczematization, dryness, infection, excoriation, Contact allergy, and lichenification.

 

Some major key players in global Pruritus Therapeutics Market include pruritus therapeutics market includes Allergan Inc., Amgen Inc., Astellas Pharma Inc., CARA Therapeutics, Novartis AG, and Teva Pharmaceutical Industries Ltd. among others.

 

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The rising incidence of dermatological disorder influencing the occurrence of pruritus and subsequently, the rising demand for proper diagnostics as well as therapeutics to treat the such medical condition is anticipated to bolster the market growth. The rise in inorganic development strategies is recognized as one of the key factor boosting the growth of the pruritus therapeutic market. In addition, the key players of the pruritus therapeutic market are progressively adapting the growth strategies such as partnerships, regional acquirements, and mergers and acquisitions. Such growth strategies are anticipated to result in technological advancement owing to enhancement in the product portfolio and mutual collaboration in R&D further boosting the market growth.

  

The global pruritus therapeutics market is segmented on the basis of product, disease type, and geography. On the basis of product, the global pruritus therapeutics market is segmented into Corticosteroids, Antihistamines, Local Anesthetics, Counterirritants, Immunosuppressant, Calcineurin Inhibitors, and Others. In 2017, the corticosteroids are expected to dominate the market by product segment as corticosteroids are widely used as the first line of treatment. On the basis of disease type, the global pruritus therapeutics market is segmented into Atopic Dermatitis, Allergic Contact Dermatitis, Urticaria, and Others. In 2017, Allergic contact dermatitis is estimated to dominate the market segment. It is the 3rd most general cause for patients seeking consultation with a dermatology specialist. Allergic contact dermatitis is commonly observed in women.

 

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On the basis of region, the global pruritus therapeutics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was estimated to dominate the global pruritus therapeutics market. The dominance is majorly due to The presence of favorable government initiatives and the introduction of new products. Moreover, rising incidence of target disorders and the existence of pruritus inducing climatic disorders in this region are anticipated to boost the market growth during the forecast period. However, Asia Pacific is anticipated to dominate pruritus therapeutics market. Growing incidence of atopic dermatitis and urticarial and presence of unmet healthcare organization needs are the factors attributed to the growth of the market in Asia Pacific.

 

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Polypropylene Market Analysis and Forecast (2020-2026) by Leading Players

The global polypropylene market is anticipated to reach USD 120.11 billion by 2026 according to a new study published by Polaris Market Research. Polypropylene (PP), a thermoplastic is also referred to as addition polymer. It is named so, as it is made with the amalgamation of propylene monomers. The polymer was initially polymerized many years ago, precisely in 1951 by a team of Philips petroleum scientists. The team comprised Robert Banks, Paul Hogan, Natta, and Rehn. The actual commercialization of polypropylene began shortly after Professor Giulio Natta polymerized it.

 

By 1957, polypropylene gained high popularity throughout Europe and is presently the widely used plastics across the globe. It offers numerous benefits, one of which is its ability to get manufactured thorough ease and at a very large scale. It can be produced through various processes such as CNC, thermoforming, crimping, and injection molding, among others. It can be manufactured into living hinges, making it significantly light and thin without any bend or breaking. Thus, making it ideal for a variety of applications in industries such as automotive, consumer products, manufacturing, and industrial, among others.

 

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The list of key companies that are operating in the market include LyondellBasell, Japan Polypropylene Corporation, BASF AG, SABIC (Saudi Basic Industries Corporation), Braskem, China Petroleum & Chemical Corporation (Sinopec), Borealis AG, Total Refining and Chemicals Business, INEOS Olefins and Polymers Europe, ExxonMobil Chemical, Reliance Industries Limited, and PetroChina Co. Ltd., among others

Polypropylene can be easily copolymerized with other polymers such as polyethylene. Through copolymerization, significant changes are made to the properties of the material. Moreover, Polypropylene exhibits some significant properties such as high chemical resistance, elasticity, strength, fatigue resistance, transmissivity, and insulation. Thus, allowing large engineering applications, including toys, dishwasher, cups, safe plates, containers, and trays, among others.

 

Polypropylene has high application in both household and industrial applications. The unique properties and capabilities exhibited by the polymer facilitate varied application. In addition, it can be utilized as a plastic as well as fiber. Moreover, it can be manufactured via a number of processes. Thus, allowing the manufacturer to choose the most profitable procedure. From the past so many years, it is experiencing sustainable growth and is projected to dominate the demand in the plastic industry.

 

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Presently, there are only two types of polypropylene available in the market i.e. homopolymer and copolymers. Homopolymers are the widely used types and acquire a dominant position in the market. While, copolymers are largely utilized for applications that require the production of much clearer, and malleable products.

 

Currently, Asia Pacific holds a significant market share and is expected to retain its dominant position in the coming next eight years. This is primarily due to the rapidly growing demand for lightweight hybrid electric vehicles to encourage a decrease in carbon emissions.

 

Ultrasound Devices Market Business Status, Industry Trends and Outlook 2020 to 2026

According to a new research published by Polaris Market Research, the ultrasound devices market is anticipated to reach over USD 12,556 million by 2026. In terms of revenue, the diagnostic devices segment dominated the global market. Geographically, North America is expected to be the leading contributor to the global market revenue in 2017.

 

The rapidly increasing geriatric population with several chronic diseases and the lower cost and relative safety of ultrasound devices are together boosting the market growth. Increasing awareness among patients regarding early diagnosis coupled with government initiatives aimed at spreading awareness among the masses regarding breast cancer, regular check-up during pregnancy and other health related issue are boosting the market growth.

 

 

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Several technological advancements such as enhancing image quality and increasing portability has made ultrasound devices accessible to a larger user base. Also, several private and public institutions are investing in research and development in the field of ultrasound imaging. Improving healthcare facilities and increasing disposable incomes in developing countries is further fuelling the market growth. However, stringent FDA regulations and lack of trained professionals have limited the market penetration of this technology. Furthermore, several developing countries prohibit the use of ultrasound for gender determination which in turn impedes that industry growth. Identification of newer fields of application and untapped markets in developing countries would provide several opportunities for growth in the near future.

 

North America was the highest revenue generating region in 2017 and is expected to head the global market during the analysis period. The large patient pool, favorable reimbursement policies, well-defined government and healthcare policies, widespread adoption of remote patient monitoring and healthcare services drive the market growth in the region. Asia-Pacific is expected to exhibit the fastest growth during the forecast period owing to improving medical facilities, increasing disposable income and rapidly increasing patient pool in emerging countries such as China, Japan, and India.

 

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The types of ultrasound devices include diagnostic and interventional devices. In 2017, the diagnostic devices segment accounted for the highest market share owing to government initiatives to carry out routine check-ups and increasing adoption of fetal health monitoring. The improving medical facilitates and increasing demand due to rising number of patients, especially in developing countries, supports the market growth in this sector.

 

The key players profiled in this report include Toshiba Medical Systems Corporation, SonaCare Medical, Analogic Corporation, GE Healthcare, Koninklijke Philips N.V., Philips Healthcare, Siemens AG, FUJIFILM Holdings Corporation Hitachi Medical Corporation, Esaote S.p.A. Samsung Medison, Shimadzu Corporation and Mindray Medical International Limited among others. These companies have adopted new product launches to gain a competitive edge in the market.

 

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Transcritical Co2 Market- Industry Insights, Top Trends, Drivers, Growth & Forecast

The global transcritical CO2 market is anticipated to reach USD 22.44 billion by 2026 according to a new study published by Polaris Market Research.

 

Increasing application of transcritical CO2 in food processing industry as refrigerant is the major factor driving the product demand. It is used as a substitute for environmentally harmful refrigerants including HCFCs, CFCs, and HFCs. The development of transcritical CO2 as a refrigerant has shown potential in many applications regarding system cost and efficiency both and makes it viable for several applications that is not considered feasible. Some of the mechanism where transcritical CO2 is currently used includes heat pumps water heaters for commercial, domestic and industrial applications, refrigeration systems in supermarkets, chest freezers of ice creams, beverage coolers, water chillers for moderate climates industrial and air conditioning and refrigeration in trains and busses. 

 

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The other under development and less commercialized systems that make use of the product include mobile heat pumps, transport refrigeration systems in containers and ships, reversible and space heating in residential heat pumps, vending machines for combined cold and hot beverages, residential and non-residential combined cooling and heating buildings, heat pumps for combined space, water heating and space heating. The requirements of the product in increasing number of application systems are expected to be the major factor driving its demand from several industries.

 

Some of leading and currently active industry participants include Shecco SPRL, Mayekawa MSG. Co., Ltd., Systems LMP, Inc., Henry Technologies, Inc. , Baltimore Aircoil Company, Inc. , Advansor A/S, Danfoss GmbH, Bitzer Kühlmaschinenbau GmbH , SCM Frigo SPA, Emerson Climate Technologies, Carnot Refrigeration Inc., Green & Cool World Refrigeration Ab, Carrier Commercial Refrigeration, and Hill Phoenix Inc.

 

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In comparison to the traditional refrigerants, transcritical carbon dioxide has the best remarkable property of having low critical temperature of 31.1 degree Celsius. Owing to this, it leads to three discrete features of carbon dioxide in the refrigeration systems. These include that heat is rejected at supercritical pressures, keeps the pressure level quite high and during heat rejection it causes gliding of large refrigerant temperatures. These fundamental functionality advantages on application of transcritical carbon dioxide are expected to help in higher penetration of its applications sectors. Hence, with such advantages of the product and increasing application segments, the market value of TC CO2 is expected to increase over the forecast period.

 

North America was the leading regional market for consumption of transcritical CO2 refrigeration systems. U.S. was the largest contributor to product demand in 2017. Regulations concerning the limitations of refrigerants use and leakages along with directions for using TC CO2 refrigerants in supermarkets are expected to drive further product demand. The U.S. is also a leading manufacturer and exporter of heat pumps, which is yet another potential factor driving the industry. Asia Pacific is expected to be another leading player in the global scenario. The expanding regional machinery manufacturing base and growing TC CO2 enabled cooling systems is anticipated to boost product demand.

 

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Textile Chemicals Market Size, Development, Key Opportunity, Application & Forecast

The global textile chemicals market is anticipated to reach USD 25.73 billion by 2026 according to a new study published by Polaris Market Research

 

Textile chemicals are one of the major segments of the global chemical manufacturing industry. The growth of the textile manufacturing industry has been the major factor driving demand for these products. Relatively low capital intensity, use of low skilled labor and lower investment cost characteristics depicts the industry’s relatively footloose nature and hence can adjust to the changing conditions of the market. Several trade policy regulatory norms and their nature of volatility in different geographies have played a significant role as this segment of the chemicals are bound to satisfy even the textile manufacturing legislations.

 

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Demand of these chemicals across different geographies is influenced by the rising emphasis of product quality all throughout the world-wide textile industry and also the increasing demand for durable and comfortable apparels. Moreover, increasing production of technical/industrial and automobile textiles is expected to further add to the demand of these products. Natural fibers of cheap are among the leading segments generating higher consumption figures for these products. However, cheaper fibers with manmade better performance alternatives use in several industrial might be a restraint for direct and vat dyes, reactive as well as preparation and sizing chemicals that are generally used in the processing of these natural fibers.

  

The nonetheless naturally derived fibers are projected to constitute a larger share of the application segment. This will provide higher market penetration opportunities mainly for the high value non-chlorine bleaching agents including hydrogen peroxide and also for other product segments like finishing chemicals. As natural fibers are expected to be the largest market for these textile chemical components, strong demand for products designed for offering improved performance and comfort of cellulosic and synthetic manufactured fibers.

 

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Asia Pacific region is expected to emerge as the largest market worldwide. Along with increasing penetration of these products, consumption of these products is increasing, owing to the increasing textile manufacturing base especially in China and India. The primary export markets of the region include Brazil, Western & Eastern Europe and the Middle East. The Asia Pacific market is also projected to grow at a faster rate compared to other regions.

 

Some of the leading industry participants actively operating in the present industry scenario include Archroma, The DyStar Group, The Lubrizol Corporation, Lonsen Inc., The Dow Chemical Company, Kiri Industries Limited, Solvay SA, OMNOVA Solutions Inc., Covestro AG and Pulcra Chemicals GmbH.

 

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Electric Scooter Market Overview with Detailed Analysis, Competitive landscape Forecast to 2026

According to a new research published by Polaris Market Research the electric scooter market is anticipated to reach over USD 51,324 million by 2026. In 2017, the retro product segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Several stringent vehicular emission norms passed by governments worldwide have boosted the adoption of electric scooters. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce fuel consumption further support the growth of this market. Additionally, the increasing acceptance and high success rates of electric cars have encouraged market players to apply similar technologies in the two wheeler segment and optimize performance. Increasing investments by vendors in technological advancements coupled with decreasing prices of Li-ion batteries and powertrain components would reduce the overall cost of these vehicles in the coming years, further boosting the market growth.

 

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The demand for electric scooters has increased significantly over the years owing to increasing prices of gasoline across the globe. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to electric scooters. Limited availability of public charging infrastructure for electric vehicles has limited the adoption of these vehicles in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly.

 

Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles. In 2016, Canada invested $62.5 million to support electric vehicle (EV) and alternative fuel infrastructure. It also aims to invest $16.4 million for development of more than 80 new charging units for electric vehicles, along with development of natural gas and hydrogen refueling stations along key transportation corridors. In August 2012, the Government of India approved an investment of 230 billion rupees in the development of electric and hybrid vehicle production and aims a target of 6 million vehicles by 2020. These initiatives by the government are expected to accelerate the adoption of electric vehicles in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing disposable incomes in developing countries of this region, and rising environmental concerns drive the market growth in the region. The increasing population of vehicles and adoption of vehicular emission standards of the U.S. and European Union by Asia-Pacific countries further promotes the adoption of electric scooters. Development of public charging infrastructure further supplements growth in the region. Local players are introducing low cost electric scooters with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in electric scooter markets of the Asia-Pacific region.

 

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The different battery types used in electric scooters include lead-acid, li-ion, NiMH, and others. In 2017, the lead-acid segment accounted for the highest market share. Lead-acid batteries are commonly used as a source of battery in electric scooters. They are comparatively cheaper than other batteries but offer low kilowatt-hours of energy storage per kilogram of weight. These batteries are inexpensive, reliable, and safe. However, these batteries offer low specific energy, short life cycle, and poor cold-temperature performance, which restrict its use in major applications. These batteries could be easily replaced by lithium-ion batteries in the coming years, however, automakers use it in vehicles owing to its low cost.

 

The well-known companies profiled in the report include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, Jiangsu Xinri E-Vehicle Co. Ltd., Green Energy Motors Corp., and BMW Motorrad International 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.

 

Durable Medical Equipment Market Overview with Detailed Analysis, Competitive landscape Forecast to 2026

The global durable medical equipment (DME) market is anticipated to reach USD 246.6 billion by 2026 according to a new study published by Polaris Market Research. Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment is primarily used to serve a medical purpose. They can be used at home and they are reusable.

The technological advancement in medical equipment is one of the key factors responsible for growth of durable equipment market globally. The progress in medical equipment technologies has helped in advance and treatment diagnosis. For example, for blood sugar testing, urine test was used. But these days, introduction of blood glucose strips made easy detection of sugar level in blood. Moreover, rising geriatric population also increases the demand for durable medical equipment. The old people are more susceptible to chronic diseases that require extensive care. According to World Health organization, the number of people aged 60 or above is projected to reach 1.5 billion by 2050. The WHO says, between 2015 and 2050, the proportion of the world’s population over 60 years will almost double from 12% to 22%.

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The global durable medical equipment (DME) market is segmented on the basis of device type, end user, and by region. By device type, the global durable medical equipment market is further segmented into three major categories, which includes therapeutic and monitoring devices, personal mobility devices, and medical furniture and bathroom safety devices. The therapeutic and monitoring segment is further segmented into, infusion pumps, nebulizers, blood glucose monitors, oxygen equipment, and other devices. The therapeutic and monitoring segment estimated to grow at high pace during the forecast period. The personal mobility devices segment is further categorized into, Walker and rollators, Scooters, Wheelchairs, Door openers, and other devices. The personal mobility devices are estimated to account major share in global durable medical equipment market in 2017. On the basis of medical furniture and bathroom safety devices, the global durable medical equipment market is further segmented into, Bedding & mattresses devices, and commodes and toilets.

By end user, the global durable medical equipment (DME) market is further sub segmented into Hospitals, specialty clinics, ambulatory surgical centers, diagnostic centers, home healthcare, and others. On the basis of end user, the hospital segmented is expected to hold high share in global durable medical equipment market. The easy availability of medical devices in hospitals is the key factor responsible for high share of the segment in the global durable medical equipment market.

On the basis of geography, the global durable medical equipment market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America, and Middle East& Africa. The North America is estimated to account major share in global durable medical equipment market. The Asia Pacific is expected to grow at high CAGR over the forecast period in the global durable medical equipment market.

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The major players in the durable medical equipment (DME) market include as Stryker Corporation, Medtronic plc., Baxter International, Inc., Medline Industries, Inc., Becton, Dickinson and Company, Sunrise Medical (US) LLC, Invacare Corporation, ResMed, Inc., Hill-Rom Holdings, Inc., among other players.