Ophthalmic Surgical Instruments Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 Ophthalmic Surgical Instruments | 2021 Scope Of Current And Future Industry 

The global ophthalmic surgical instruments market size is expected to reach USD 15.02 billion by 2028 according to a new study by Polaris Market Research. The report “Ophthalmic Surgical Instruments Market Share, Size, Trends, Industry Analysis Report, By Product; By Application (Cataract Surgery, Glaucoma Surgery, Refractive Surgery, Vitreoretinal Surgery, Others); By End-Use (Hospitals, Clinics, Ambulatory Surgery Centers); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The different types of ophthalmic surgical instruments include microscopes, illumination devices, phacoemulsification instruments, lasers, intraocular lenses, shunts & related drainage devices, viscoelastic devices, and surgical accessories. Operating microscopes are widely used for providing detailed imaging during surgery.

 

The microscopes are equipped with advanced optics and illumination for high-quality imaging at lower light intensities to offer superior precision. Market players are introducing advanced microscopes integrated with technologies such as intraocular lens positioning guidance, optical coherence tomography, and 3D display to offer enhanced services to customers.

 

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The different applications of the instruments include cataract surgery, glaucoma surgery, refractive surgery, vitreoretinal surgery, and others. There has been a high demand for ophthalmic surgical instruments for cataract surgery. The increasing use of ophthalmic surgical instruments for the treatment of cataracts, coupled with technological advancements for the delivery of effective healthcare services drives the market growth.

 

Governments across the globe are investing significantly in the development of advanced healthcare infrastructure, boosting market growth. Changing consumer lifestyles, increasing geriatric population, rising occurrence of diseases such as hypertension and diabetes further supplements the growth of this segment.

 

Ophthalmic surgical instruments are used in hospitals, clinics, ambulatory surgery centers, and others. The hospital segment accounted for the highest share in 2019. The increasing occurrence of ocular diseases coupled with government initiatives to offer advanced healthcare services to citizens supports the growth of this segment. Availability of advanced equipment and financial funds, and the introduction of medical schemes have increased the adoption of ophthalmic surgical instruments in hospitals.

 

North American market dominated the global ophthalmic surgical instruments industry in 2020 and is expected to maintain its dominance over the forecast period. However, Asia-Pacific is expected to exhibit significant growth during the forecast period. Increasing geriatric population, increasing health awareness, and growth in the healthcare sector fuel growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

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The ophthalmic surgical instruments industry is characterized by the presence of numerous small and large market players. Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share.

 

Some major market participants include Carl Zeiss Meditec, Ellex Medical Lasers, Lumenis, Staar Surgical, Alcon, Leica Microsystem, Hoya, Quantel Medical, Novartis AG, Bausch + Lomb, Topcon, Iridex, Ziemer Ophthalmic Systems, NIDEK CO

Anti-Biofilm Wound Dressing Market 2021 Key Stakeholders, Subcomponent Manufacturer 2027

 Anti-Biofilm Wound Dressing | 2021 Scope Of Current And Future Industry 

The global anti-biofilm wound dressing market size is expected to reach USD 1,154.2 million by 2027 according to a new study by Polaris Market Research. The report “Anti-biofilm Wound Dressing Market Share, Size, Trends, Industry Analysis Report By Mode of Mechanism  (Physical (Ultrasound Debridement, Manual Debridement, Pulse Electrical Field), Biological (Bacteriophage, Lactoferrin, Dispersin B, Others), Chemical (EDTA, Ionic Silver, Iodine, Others)); By Application [Chronic Wounds (Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, & Others)]; [Acute Wounds (Burn Wounds, Traumatic & Surgical Wounds)]; By End Use (Hospital, Wound Care Centers, Clinics & Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Anti-biofilm is obtained from natural plants. The inhibition of biofilm formation includes the mechanism of the suppression of microbial adhesion & by the inhibition of polymer matrix & ECM generation with the interference at the bacterial co-aggregation & QS network. This antibiofilm dressing are utilised in the treatment of chronic wounds patients in the U.S. The Biofilm comprises of Microlyte which is ultra-thin in nature. Additionally, the dressing is composed of bioresorbable synthetic polymers. The biofilm includes ionic & metallic silver that destroy bacteria in dressing process on a wound surface.

 

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Recent developments in anti-biofilm wound dressing include the usage of lactoferrin and xylitol antibiofilm development. Both lactoferrin and xylitol are naturally derived antimicrobials. They are more efficacious against existing biofilm. As lactoferrin and xylitol has been used to combat bacteria, the usage of these agents in combination therapy provides a variety of advantages as it is cost-effective, more easily available, biofilm-targeted therapy for both the wounds i.e. acute & chronic wounds.

 

The prominent factors favoring the market growth include increasing chronic diseases and innovations in anti-biofilm wound procedures. As per the National Diabetes Statistic Report, 2017 around 100 million people within the U.S. are suffering from diabetes or prediabetes. Moreover, according to the International Diabetes Federation, the incidence of diabetes is predicted to rise from 366.0 million in 2011 to 552.0 million by 2030 worldwide. While prolonged diabetes is the reason for diabetic foot ulcers, the increasing cases of diabetes are predicted to positively influence the expansion of the global market.

 

The majority of the chronic wounds needs a prolonged recovery span, responsible for the frequent replacements of dressings. Hence, the demand for anti-biofilm wound dressing therapy are rising.  Meanwhile, the cases of sports injury are also rising as more & more people are now well acquainted with the benefits of the sports, due to which injury cases are also rising in larger extent which is boosting the market growth.

 

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Market participants such as Urgo Medical, ConvaTec, Coloplast, Smith & Nephew PLC, Next Science, 3M, Monarch Labs, Mega Pharma (Pvt) Ltd., BioMonde, B. Braun Melsungen AG, Molnlycke Healthcare, Lohmann & Rauscher & Arobella Medical are some of the key players operating in the global market. Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Additionally, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.

 

Point Of Sale Terminals Market Quantitative Assessment By Industry Analysis Across The Value Chain

 Point of sale terminals | 2021 Scope of Current and Future Industry 

The global POS terminals market is estimated to be worth $169.4 billion by 2026, and is expected to grow at a CAGR of 12.4%, according to a new research report published by Polaris Market Research.

Various types of point-of-sale (POS) terminals are used as reliable alternatives to the traditional cash registries at businesses where checkouts and payments are handled. POS terminals provide merchants with multiple capabilities such as secure digital payments, faster checkout process, sales tracking, inventory monitoring, etc. Also, these systems are ready to use (plug and play) having pre-installed software, thus eliminating technician/installation overheads. This particularly encourages small and medium sized businesses/merchants to adopt POS terminals as it offers ease of usage and increased efficiency. With technological advancements the POS hardware come with accommodations for multiple payment types including e-wallets, cards enabling payment flexibility for merchants and customers alike. These features have increased the popularity of POS terminal among businesses and is expected to drive further market growth.

 

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North American regional market is observed to be the largest segment across the different geographies covered in the report. This dominating position of this region is mainly attributed to the widespread adoption of POS terminals across multiple industries such as retail, entertainment, healthcare, and hospitality. Demand from these sectors is majorly observed due to significant growth in organized retail sector, tourism, restaurants in this region. Asia Pacific Point of Sale terminals market is expected to record significant growth due to increased adoption of POS terminals in various countries in this region. The growth is further aided by government initiatives in developing economies such as India towards transformation of the economy from being cash dominant to becoming a digitized cashless economy.

 

Due to presence of considerable amount of companies providing POS solutions, the POS terminals market is observed to be competitively fragmented. This market report on POS terminals provides analysis of multiple POS solution providers including Aures Technologies, First Data Corporation, HP Development Company, L.P., Ingenico Group, MICROS Retail Systems, Inc., NEC Corporation, Panasonic Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., Square, Inc., and Verifone among others. The competitive landscape section in the reports provides key developments the major companies are involved in this space, for instance during April 2018 Samsung and PayPal officially launched their partnership service enabling consumers the usage of PayPal within Samsung Pay.

 

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Electroencephalography (EEG) Devices Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 The global electroencephalography (EEG) devices market size is expected to reach USD 1.83 billion by 2028 according to a new study by Polaris Market Research. The report “Electroencephalography (EEG) Devices Market Share, Size, Trends, Industry Analysis Report, By Modality (Portable, Standalone); By Application (Trauma & Surgery, Disease Diagnosis, Anesthesia Monitoring, Sleep Monitoring, Others); By Product; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The standalone segment dominated the global market for electroencephalography devices in 2020. However, the demand for portable EEG devices market is expected to increase during the forecast period. Portable electroencephalography (EEG) devices are increasingly being used in ambulatory centers and homecare of patients. Some benefits associated with the portable market segment include reduced costs, mobility, lightweight, shorter installation time, and reduced traveling for patients.

 

The different applications of electroencephalography devices include trauma and surgery, disease diagnosis, anesthesia monitoring, sleep monitoring, and others. Electroencephalography devices are increasingly being used for disease diagnoses such as brain tumors, brain damage from a head injury, brain dysfunction, inflammation of the brain, and strokes among others.

 

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Electroencephalography devices enable doctors to diagnose the disease and determine the stage, plan treatment, and track treatment progress. The detailed information provided by these devices enables neurologists to offer an effective treatment.

 

The 32-channel EEG market segment dominated the global market for electroencephalography devices in 2020. The need for high scan speed, enhanced efficiency, and improved patient experience has increased the adoption of 32-channel EEG devices. The growing need to perform a neurological scan, increasing geriatric population, and rising healthcare expenditure in developing countries, such as India, China, and Japan, boost the adoption of electroencephalography systems.

 

Electroencephalography devices are used in hospitals, clinics, diagnostic centers, research laboratories, and others. The hospital market segment accounted for the highest share in 2020. The increasing occurrence of neurological diseases coupled with government initiatives to offer advanced healthcare services to citizens supports the growth of this segment. Availability of advanced equipment and financial funds, supportive government initiatives, and the introduction of medical schemes have increased the adoption of electroencephalography devices in hospitals.

North America dominated the global market for electroencephalography devices in 2020 and is expected to maintain its dominance over the forecast period. The rising occurrence of neurological diseases, availability of technologically advanced equipment, and presence of well-established healthcare infrastructure increase the demand for electroencephalography devices in North America.

 

Asia Pacific market is expected to experience significant growth during the forecast period owing to the growing population, increasing health awareness, and rising spending on healthcare. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

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Some of the major market participants include Medtronic, Cadwell Laboratories, Inc., Neurosoft Ltd., Compumedics Ltd., Elekta AB, NeuroWave Systems, Inc., Electrical Geodesics, Inc., BrainScope Company Inc., Koninklijke Philips, Natus Medical, Inc., Nihon Kohden America, Inc., Noraxon U.S.A., Inc., Lifelines Neurodiagnostic Systems Inc., Bio-Signal Group Corp., Jordan NeuroScience Inc., and Cephalon A/S.

 

Polaris Market Research has segmented the electroencephalography (EEG) devices market report on the basis of modality, product, application, end-use, and region:

 

Electroencephalography (EEG) Devices Modality Outlook (Revenue, USD Million, 2016 – 2028)

• Portable
• Standalone

Electroencephalography (EEG) Devices Application Outlook (Revenue, USD Million, 2016 – 2028)

• Trauma & Surgery
• Disease Diagnosis
• Anesthesia Monitoring
• Sleep Monitoring
• Others

Electroencephalography (EEG) Devices Product Outlook (Revenue, USD Million, 2016 – 2028)

• 8-channel EEG
• 21-channel EEG
• 25-channel EEG
• 32-channel EEG
• 40-channel EEG
• Multichannel EEG
• Others

Electroencephalography (EEG) Devices End-Use Outlook (Revenue, USD Million, 2016 – 2028)

• Hospitals
• Clinics
• Diagnostic Centers
• Research Laboratories
• Others

 

Conformal Coatings Market Quantitative Assessment by Industry Analysis across the Value Chain

 Conformal Coatings | 2021 Scope of Current and Future Industry 

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

 

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

 

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

 

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

  

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

 

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

 

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

 

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

 

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Parking Management Systems Market Business Developments, Segmentation and Technologies 2021-2028

 Parking Management Systems | 2021 Scope of Current and Future Industry 

The worldwide Parking Management Systems market is anticipated to reach around USD 9,786 million by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

 

The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth. The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the parking management systems market.

 

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The increasing development of autonomous and semi-autonomous vehicles, and rising penetration of mobile devices boost the adoption of parking management systems. However, high costs of implementing parking management systems would restrict the market growth during the forecast period. New emerging markets, and growing adoption of smart cities would provide growth opportunities for parking management systems market in the coming years.

  

In 2017, North America accounted for the highest share in the global parking management systems market. The growing need to streamline traffic flow coupled with introduction of stringent regulations regarding vehicular safety accelerate the adoption of parking management system in the region. The high living standards and disposable income further increases the demand of luxury automobiles in the region. The increasing development of smart cities in the region, and development of autonomous vehicles would provide growth opportunities during the forecast period.

 

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The major players of the parking management systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services. 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.

Cancer Immunotherapy Market Quantitative Assessment by Industry Analysis across the Value Chain

 The global cancer immunotherapy market size is expected to reach USD 117.82 billion by 2026 according to a new study by Polaris Market Research. The report “Cancer Immunotherapy Market Share, Size, Trends, Industry Analysis Report By Type (Monoclonal Antibodies, Cancer Vaccines, Check Point Inhibitors & Immunomodulators); By Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer); By End-user (Hospital, Clinics, Others); By Regions, Segments Forecast, 2020 – 2026”gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Increasing pool of patients and greater mortality rates through cancer worldwide have encourage the need for cancer immunotherapy. Cancer is the second leading cause mortalities in 2019, with continuous rise in the number of cancer patient across the globe, as per the report published by WHO. Furthermore, it is estimated that 1 out of 6 deaths occurs due to cancer every year across the globe. As per WHO, nearly one-third of the mortalities from cancer are due to 5 leading behavioral and dietary risk, which includes low fruit and vegetable intake, high body mass index, lack of physical activity, alcohol consumption, and tobacco use. Tobacco is one of the leading factors for the rise in the prevalence of cancer and mortalities that accounted to nearly 22% of the global population. Rising number of cancer patients is the major factor for the growth of global diagnostic biomarker market.

 

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According to WHO, in 2015, there were around 17.6 million cases related to cancer that increases to 18.1 million cases in 2018 and nearly 9.6 million mortalities. Cancer immunotherapy is widely used in treating prostate cancer, blood cancer, melanoma, lung, breast, colorectal and other chronic diseases. In the breast cancer segment, there is relatively higher demand for immunotherapy. The demand for immunotherapy in pulmonary cancer is also significantly increasing. Furthermore, the growing population of smokers and the alarming increase in urban air pollution are the main factors driving the market development. Therefore, increasing prevalence of cancer across the globe augmenting the global market for cancer immunotherapy.

 

Moreover, the global market for cancer immunotherapy is driven by a growing amount of approvals for new immunotherapy drugs. In the global cancer therapy industry, cancer immunotherapy has led to unprecedented changes. Over the past few years, cancer immunotherapy has generated fresh waves of optimism across the global oncology industry, which has unmasked enormous innovative potential. Studies now look for fresh goals and procedures to overcome the lapses in conventional treatment after years of jostling about the way the body can use its immune system. The paradigm shift in the management of cancer, relative to existing conventional therapies based on features like relatively long-lived effects, exceptional specificity and enhanced survival rates was brought about by the introduction of cancer immunotherapy. This has led to the accelerated growth of the global market.

 

Moreover, emerging market such as Asia-pacific has substantial opportunity in the market. The factors that will be favorable to the growth of the market in the emerging market includes increasing government expenditures on healthcare in Asian countries, and the presence of huge population suffering with colorectal cancer and other cancer types. The cancer cases in Asia are increasing at a rapid rate. According to the WHO, there were an estimated 4 million mortalities from cancer in Asia in 2016. Cancer is the leading cause of mortality in China as there are 4 million new cancer patients diagnosed every year.

 

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The same condition is in South Korea, as there are more than 200,000 new cancer cases a year. The increase in cancer cases in Asia can be accounted to the lifestyle and demographic changes. According WHO The incidences of colorectal cancer India were estimated about 1,85,000 in 2017. Japan accounted 1,49,000 cases in the 2017 according to national cancer institute. The average annual increase in government healthcare spending in the US is 4.5% and less than 1.5% in the European Union. However, Asian countries increase in healthcare expenditure is more than 6%, which is higher than the developed nations. Japan has the highest growth in the healthcare. Thus, creating significant opportunity in the market.

 

Polaris Market research has segmented the cancer immunotherapy market report on the basis of:

 

Cancer Immunotherapy Type Outlook (Revenue, USD Billion, 2015 – 2026)

• Monoclonal Antibodies,
• Cancer Vaccines,
• Check Point Inhibitors & Immunomodulators

Cancer Immunotherapy Application Outlook (Revenue, USD Billion, 2015 – 2026)

• Lung Cancer
• Breast Cancer
• Colorectal Cancer
• Melanoma
• Prostate Cancer
• Head & Neck Cancer

Cancer Immunotherapy End User Outlook (Revenue, USD Billion, 2015 – 2026)

• Hospitals
• Clinics
• Others

 

Rapid Medical Diagnostic Kits Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 Rapid Medical Diagnostic Kits | 2021 Scope of Current and Future Industry 

The global rapid medical diagnostic kits market size is predicted to reach USD 23.04 billion by 2027 according to a new study by Polaris Market Research. The report “Rapid Medical Diagnostic Kits Market Share, Size, Trends, Industry Analysis Report, By Product [Professional and Over-The-Counter (OTC)]; By Technology (Agglutination, Solid Phase, Lateral Flow, and Other Technologies); By Application; By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Rapid medical diagnostic kits are also known as ‘immediate test kits’ which are designed to provide instant access to diagnose the patients or the individual with several types of diseases. The rapid medical diagnostic kits can be accessed 24/7 and help to deliver the immediate course of action during an emergency period. The rapid medical diagnostic kits are also cost-effective and easy to access anywhere.

 

Recent developments in the global market include the new test launches such as SARS-CoV-2 rapid antigen test, 2019-nCoV IgG/IgM test kit, On-Call Sure Platform, Afinion HbA1c Dx, TruQuick, etc. The launches are associated with the diagnosis of diseases such as cardiac disorder, diabetes, infectious disease, and others, which further leads to drive the market growth.

 

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The prominent factors favoring market growth include increasing launches and initiatives by the market players to provide rapid treatment for addressing the diseases of the patients in the healthcare industry. For instance, in July 2020, Bupa UK Insurance announced to launch a rapid cardiac assessment service which can be accessible at home and can perform all the diagnostic tests.

 

Market participants include Zoetis, ACON Laboratories, Inc.; Trinity Biotech, Abbott Laboratories, McKesson Medical-Surgical, Inc.; Sight Diagnostics Ltd, F. Hoffmann-La Roche AG, Artron Laboratories Inc.; Meridian Bioscience, Inc.; Alfa Scientific Designs, Inc.; Creative Diagnostics, Becton, Danaher Corporation, Dickinson and Company, Bio-Rad Laboratories, Inc.; BTNX, Inc.; Cardinal Health, and bioMérieux SA among others.

 

For instance, in March 2020, Thermo Fisher Scientific has acquired a supplier of sample preparation and molecular diagnostics technologies to enhance the company’s reach globally and therefore drive the market growth. This acquisition strategy by the market players has appeared to dominate a wide share of the global market.

 

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Polaris Market Research has segmented the Rapid Medical Diagnostic Kits market report on the basis of product, technology, application, end-use, and region

 

Rapid Medical Diagnostic Kits Market By Product (Revenue – USD Million, 2016 – 2027)

• Professional
• Over-The-Counter (OTC)

Rapid Medical Diagnostic Kits Market By Technology (Revenue – USD Million, 2016 – 2027)

• Agglutination
• Solid Phase
• Lateral Flow
• Other Technologies

Rapid Medical Diagnostic Kits Market By Application (Revenue – USD Million, 2016 – 2027)

• Lipid Profile Testing
• Blood Glucose Testing
• Toxicology Testing
• Infectious Disease Testing
• Coagulation Testing
• Cardiometabolic Testing
• Fecal Occult Blood Testing
• Pregnancy and Fertility Testing
• Other Applications

Rapid Medical Diagnostic Kits Market By End Use (Revenue – USD Million, 2016 – 2027)

• Home Care
• Hospitals & Clinics
• Diagnostic Laboratories

 

Automotive Interior Materials Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry

 Automotive Interior Materials | 2021 Scope of Current and Future Industry 

The global automotive interior materials market is anticipated to reach USD 132.82 billion by 2026 according to a new study published by Polaris Market Research. Global automotive interior material industry is expected to grow significantly over the forecast period from 2018 to 2026 owing to numerous advancements that is driven by a strong rebound in worldwide weight saving and aesthetic appearance primarily in Western Europe, North America and Asia Pacific are projected to augment demand for light weight interior material. Demand from passenger car segment will also grow at a higher pace in comparison to its counterparts that will benefit from an improved weight shaving and aesthetic appeal.

 

Automotive interior materials are directly related with the vehicle manufacturing status. Thus, the market’s directions are meticulously reliant on production and demand of vehicles. Moreover, the automotive interior materials market is also governed by government regulations and rules, exclusively for the genuine leather industry; availability and pricing of automotive interior materials. Rise in disposable income has also led towards the rise in demand for vehicle in emerging countries such as Brazil, China and India are supporting the demand for automotive interior materials. Intramural substitution for several materials is expected to take place in the automotive interior materials market. For example, synthetic PU, fabrics or PVC leather are generally used as a substitute for genuine leather material. Increasing emphasis on interior compartments of a vehicle and taken on priority by OEMs as well as customers.

 

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On the basis of regions, the automotive interior material is segmented into North America, Asia Pacific, Europe and Middle East & Africa. Asia Pacific being the largest manufacturer of automotive vehicle special passenger cars, is expected to hold the lion’s share of the automotive interior materials market. Rising disposable income among the population of Asia Pacific is further going to raise the demand for premium materials such as composites, alloys and genuine leather. Europe is the next largest share hold in the automotive interior material market. Amongst Europe, Western Europe is expected to hold the prime share in the market. North America with its slow growth rate in vehicle production is expected to show a neutral growth rate in the automotive interior material market.

 

Some of leading industry participants include Fauracia SA, Lear Corporation, Toyota Boshoku Corporatio, Borgers SE & Co, DK Leather Corporation Berhad, Johnson Controls, Grupo Antolin, Takata Corporation, Yanfeng Automotive Interiors, Magna International, Hyundai Mobis Co and Calsonic Kensei Corporation among others.

 

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Laser Rangefinder Market Quantitative Assessment by Industry Analysis across the Value Chain

 Laser Rangefinder | 2021 Scope of Current and Future Industry 

The worldwide Laser Rangefinder Market is anticipated to reach around USD 2,889 million by 2026, according to a new research published by Polaris Market Research. In 2017, the hand-held laser rangefinder segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global laser rangefinder market.

 

The increasing use in the defense sector, along with increasing defense expenditure of countries worldwide increases the demand for laser rangefinder. Weapons are being modernized, and laser guided weapons are being used, thereby increasing the growth of the lase rangefinder. The increasing use of laser rangefinder in the automotive sector, along with increasing development of autonomous vehicles support the laser rangefinder market growth. 

 

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The rising adoption of laser rangefinder to offer higher accuracy in sports activities boosts the adoption of laser rangefinder. Other factors driving the market growth include increasing use of high-precision equipment in industrial processes, technological advancements, and integration of laser rangefinders with UAV. New emerging markets, emerging consumer demographics, and increasing demand from diversified industries would provide growth opportunities for laser rangefinder market in the coming years.

 

In 2017, North America accounted for the highest share in the global laser rangefinder market. The primary factors driving the laser rangefinder market growth in the region include rising investments in the defense sectors, modernization of warfare, technological advancements, and high investment in R&D. The increasing applications in the automotive sectors, growing demand for luxury and modernized vehicles, and rising development of autonomous vehicles boost the laser rangefinder market in North America.

 

The companies operating in the laser rangefinder market include Robert Bosch GmbH, Thales Group, Flir Systems, Inc., Elbit Systems Ltd., Rheinmetall AG, UTC Aerospace Systems, Northrop Grumman Corporation, Carl Zeiss AG, Lockheed Martin Corporation, and Kongsberg Gruppen Asa. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Polysilicon Market Quantitative Assessment by Industry Analysis across the Value Chain

 Polysilicon | 2021 Scope of Current and Future Industry 

The global polysilicon market size is estimated to reach USD 9.68 billion by 2026 says a new report published by Polaris Market Research. The report “Polysilicon Market Share, Size, Trends, Industry Analysis Report By Application (Photovoltaics {Monocrystalline Solar Panel and Multicrystalline Solar Panel} and Electronics), By Regions, Segments & Forecast, 2019 – 2026” gives an accurate analysis of current market indices and taps future market trends.

 

Polysilicon is a high-purity silicon grade and a major raw material for the electronics and photovoltaic (PV) industries. Silicon has profuse abilities from which it is manufactured. The three commercial processes for extracting it from silicon are quite lucrative. Polysilicon finds itself useful in production of PV wafers which is another strong growth factor for global market.

 

The product is characteristically identified by two grades. One is electronics and the other solar. The electronics grade is used to manufacture microelectromechanical systems, optics, power conversion devices and Integrated Circuits. The solar grade is used in manufacturing photovoltaic cell. 

 

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The global solar installations surpassed 100 GW for the first time in 2017. This phenomenon has raised the ranking of polysilicon and wafers that are manufactured. Though the solar installation has grown prolifically on a global basis, the market witnessed less supply in 2017. The weak demand came about due to China with feed-in-tariff deadline and lack of transmission line that occurred in West China form sunnier regions.

 

Globally, solar energy has been actively adopted for different end-use industries in various applications. This has resulted in increased consumption of polysilicon in photovoltaic industry. An improvement in emerging countries of the world with rising disposable incomes has been major parameters for success of these end-use sectors. The demand for consumer electronics has also risen due to such economic and social factors.

 

Polysilicon is extensively used in electrical and electronics industry for manufacture of electrical components such as integrated circuits, which are an integral component in all electronics circuits and assemblies. A rising demand for smart phones, personal computers and data storage devices has given industry wide traction in the electrical and electronics industry globally.

 

China is a major consumer and also the largest PV module-manufacturing base which are factors responsible for growth of market in the country. However, there are minor obstacles in market on account of feed-in-tariff and ongoing trade disputes between China and United States. The situation in China has worsened the financial leg of US because US has lost access to China’s PV manufacturing industry, leaving a huge financial loss in its wake.

 

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Asia Pacific is anticipated to be the largest and fast-growing regional market due to industrial growth of its countries, especially the emerging countries. China, India, South Korea and Japan have significantly contributed to growth in region. The global polysilicon market comprises large multinational and domestic companies. The industry is moderately consolidated and highly competitive.

 

The key industrial players in global polysilicon market include REC Silicon, Wacker Chemie, LDK Solar Company Ltd., Tokuyama Corporation, CSG holdings Co., Ltd., Mitsubishi Materials Corporation and GCL Poly Energy Holdings Ltd.