Thursday 4 January 2018

Neuroprosthetics market expected to reach USD 14.6 billion by 2024 : Grand View Research, Inc.

The global neuroprostheticsmarket is expected to reach USD 14.6 billion by 2024, according to a new report by Grand View Research, Inc. The increasing prevalence of neurological disorders coupled with the demand for cost-effective and technologically advanced implants is expected to drive the demand for neuroprosthetics market in the coming years. 
In addition, the associated high costs and side effects of conventional medications are responsible for the rising adoption rate of implants. For instance, the increasing adoption of Vagus Nerve Stimulation (VNS) therapy system over therapeutics such as antidepressants in the treatment of Alzheimer's disease, brain aneurysm, and strokes is propelling the overall market growth. 
Moreover, the rising geriatric population prone to epilepsy opting for neural implantation over the conventional medication is exerting a positive effect on the overall industry growth.
Further key findings from the study suggest:
·         The motor prosthetic devices segment dominated in terms of revenue share and accounted for over 35.0% of the market in 2015, followed by visual cochlear implants. Whereas, retinal neuroprosthetics were identified as one of the fastest growing market segment owing to the rising penetration and the increasing R&D efforts pertaining to product innovation.
·         The Spinal Cord Stimulation (SCS) segment held the largest share at over 55.0% owing to the analgesic property of the SCS therapy used in the treatment of ischemic pain, failed back surgery syndrome, and complex refractory pain syndrome. Furthermore, it finds applications in intraspinal and epidural microstimulation for inducing leg movements. In addition, technological advancements in this segment is expected to further boost market growth in the near future. The sacral Nerve Stimulation (SNS) is expected to be the fastest growing segment over the forecast period due to its applications in chronic intractable pelvic ache and neurogenic bladder.
·         In the applications segment, motor neuron disorders held the largest segment due to the rising incidences of Parkinson’s disease and epilepsy. For instance, as per the report published by Parkinson’s disease Foundation in 2012, approximately 60,000 Americans were diagnosed with Parkinson’s disease each year and the number is expected to grow further over the forecast period thereby fueling this segment’s growth.
·         In 2015, North America dominated the overall neuroprosthetics market at over 43.0% owing to the large presence of neural implants manufacturers, higher R&D investments, and the availability of funds from both government and private institutes. For instance, the Defense Advanced Research Project Agency (DARPA) and National Institute of Neurological Disorders and Stroke (NIH)in collaboration with the federal agencies are instrumental in providing funds to support R&D initiatives for the further development of neural implants.
·         Asia Pacific is anticipated to be the fastest growing segment due to the introduction of multinational healthcare establishments promoting safe and effective medical procedures along with the rising awareness levels amongst consumers
·         Strategic collaborations and mergers & acquisitions are expected to keep the industry rivalry level high over the forecast period
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the neuroprosthetics market on the basis of type, technology, application, and region.
Global Neuroprosthetics Type Outlook (Revenue, USD Million, 2013 - 2024)
·         Motor Prosthetics
·         Auditory Prosthetics/Cochlear Implants
·         Cognitive Prosthetics
·         Visual Prosthetics/Retinal Implants
Global Neuroprosthetics Technology Outlook (Revenue, USD Million, 2013 - 2024)
·         Deep Brain Stimulation (DBS)
·         Vagus Nerve Stimulation (VNS)
·         Spinal Cord Stimulation (SCS)
·         Sacral Nerve Stimulation (SNS)
Global Neuroprosthetics Application Outlook (Revenue, USD Million, 2013 - 2024)
·         Motor Neuron Disorders
o    Parkinson’s Disease
o    Epilepsy
·         Physiological Disorders
o    Auditory Processing Disorders
o    Ophthalmic Disorders
o    Cardiovascular Disorders
o    Kidney Diseases
·         Cognitive Disorders
o    Alzheimer’s Disease
o    Severe Depression
Neuroprosthetics Regional Outlook (Revenue, USD Million, 2013 - 2024)
·         North America
o    U.S.
o    Canada
·         Europe
o    UK
o    Germany
·         Asia Pacific
o    Japan
o    China
o    India
·         Latin America
o    Mexico
o    Brazil
·         MEA
o    South Africa
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-neuroprosthetics-market
About Grand View Research 
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com


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Secure logistics market anticipated to reach USD 109.25 billion by 2025 : Grand view Research, Inc.

The global securelogistics market size is anticipated to reach USD 109.25 billion by 2025, according to a new report by Grand View Research, Inc. ATMs play a vital role in maintaining the core banking touchpoint with consumers. Initially, ATMs were introduced to reduce congestion in branches. However, the types of services provided at ATMs have expanded significantly.
According to the World Bank statistics, in 2014, 62% of the world’s adult population had a bank account compared to 51% in 2011. The increasing trend toward introducing cash recycling ATMs is likely to accelerate the ATM market. Economic size and population density have a positive impact on the financial sector. The densely populated countries have a higher ATM penetration and higher geographic branch.
The transport companies are operating under increasing financial challenges, including fuel prices and various natural disasters. The transport companies are experiencing low-profit margins that enabled industries to have repeated business from a satisfied customer. The lack of appropriate security personnel, coupled with the lack of appropriate training, would delay the detection of stolen freight and incur more loss to firms. Transport security encompasses maritime, aviation, air cargo supply chain, and mass passenger transport system.
Transport industry players are acting as transnational companies, offering international freight service across the globe. This increased the risk of terrorist activities seeking to cause mass casualties and economic damages. In Australia, the air cargo supply chain security is regulated under the Aviation Transport Security Regulations 2005 and Aviation Transport Security Act 2004. Lack of law targeting organized theft of freight is expected to restraint the industry demand over the forecast period.
Though majority of companies have implemented up-to-date technologies to track goods over the Internet, they still suffer losses through theft or compliance owing to various reasons including laziness and lack of time for the employees. Companies are providing training for contractors and employees about freight handling and risk analysis to reduce the shrinkage.
However, the increasing penetration of mobile payments is likely to restrain the market growth. Emerging markets, such as Japan, India, China, Taiwan, Malaysia, and Japan, are localizing their content for mobile platforms for maximizing their potential sales. The NFC technology is widely used at pay terminals using mobile devices. Retailers such as Macy’s (U.S.), Walgreens Company (U.S.), and Target Corporation (U.S.) have started using the technology with Google Wallet.
Further key findings from the report suggest:
·         The increasing use of Transportation Management System (TMS) to process a high volume of shipments is likely to spur the market growth
·         The diamonds, jewelry & precious metals application is anticipated to witness a significant growth with a CAGR of over 8.9% over the projected period
·         The static type is anticipated to dominate the market in terms of revenue in 2015 owing to the increasing need for manned guard for various applications
·         The rapid expansion of banking and financial institutions is expected to drive the Asia Pacific region demand
·         The key players in the secure logistics market include Loomis (Sweden), Lemuir Group (India), GardaWorld Corporation (Canada), and Maltacourt Global Logistics (UK)
·         The secure logistics industry is currently going through a consolidation phase and companies are adopting M&A activities to stay ahead of competition
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the secure logistics market on the basis of application, type, and region:
Secure Logistics Application Outlook (Revenue, USD Billion, 2014 - 2025)
·         Cash management
·         Diamonds, jewelry & precious metals
·         Manufacturing
·         Others
Secure Logistics Type Outlook (Revenue, USD Billion, 2014 - 2025)
·         Static
·         Mobility
Secure Logistics Regional Outlook (Revenue, USD Billion, 2014 - 2025)
·         North America
o    U.S.
o    Canada
·         Europe
o    Germany
o    UK
·         Asia Pacific
o    China
o    Japan
o    India
·         Latin America
o    Mexico
o    Brazil
·         Middle East and Africa (MEA)

View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-secure-logistics-market
About Grand View Research 
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com




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U.S. onshore drilling fluids market Expected to reach USD 1.22 billion by 2025 : Grand View Research, Inc.

The U.S.onshore drilling fluids market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus, Eagleford, Bakken, and Permian basins in the U.S. is expected to steer boringmud demand in the region, over the forecast period. 
OBF accounted over 27% of market in 2016 and is expected to lose share to the WBF systems over the forecast period. Owing to its enhanced lubricity, OBF are expected to sustain its significance over the forecast period. OBF minimizes torque and drag of drill pipes, thereby reducing corrosion of boring tools in deviated wellbore activities.
Bakken accounted for over 44% of the U.S. proven oil reserves and over 40% of the global proven natural gas reserves in 2014. The presence of large number of unexplored hydrocarbon rich reserves, in onshore basins, coupled with the large dependency of the regional economy on the oil & gas industry is expected have immense potential in the near future.
Further key findings from the report suggest:
·         The water-based segment of U.S. onshore drilling fluids industry was valued over USD 530 million in 2016 on account of growing concern towards toxicity and biodegradation of oil-based fluids
·         Weighting agents dominated the U.S. OBF additives demand and accounted for over 57% of the total revenuein 2016
·         Surfactants, emulsifiers, & wetting agent segment emerged as the fastest growing segment in synthetic mud additives market with a CAGR of 4.8% from 2017 to 2025
·         Viscosifiers demand for the Permianwater-based drilling mudadditives was valued over USD 7 million in 2016 and is anticipated to witness moderate growth over the next few years
·         Eagle Fordemerged as the largest onshore market in 2016, accounting for 38.3% of the total revenue share in 2016
·         The WBF segment in Niobrara basinis projected to witness fastest growth over the forecast period and estimated to reach USD 43.8 million by 2025
·         Key players such as Schlumberger, Halliburton, Baker Hughes, Hamilton Technologies, Anchor Drilling Fluids, Francis Drilling Fluids, and National Oilwell Varco dominated the U.S. market over the past few years
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the U.S. onshore drilling fluids market on the basis of product, and region:
U.S. Onshore Drilling Fluids Product Outlook (Revenue, USD Million, 2014 - 2025)
·         Oil-Based (OBF)
·         Water-Based (WBF)
·         Synthetic-Based (SBF)
·         Others
U.S. Onshore Drilling Fluids Product Outlook (Revenue, USD Million, 2014 - 2025)
·         OBF Additives
o    Protective chemicals
o    Viscosifiers
o    Fluid Loss Control Additives
o    Dispersants
o    Wetting Agents
o    Weighting Agents
o    Lost circulation materials
o    Thinners
o    Others
·         SBF Additives
o    Rheology Modifiers
o    Viscosifiers
o    Fluid Loss Control Additives
o    Protective chemicals
o    Surfactants
o    Thinners
o    Wetting Agents
o    Others
·         WBF Additives
o    Weighting Agents
o    Protective chemicals
o    Alkalinity & pH Control Materials
o    Viscosifiers
o    Fluid Loss Control Additives
o    Shale Stabilizers
o    Thinners
o    Lost Circulation Materials
o    Surfactants
o    Defoamers
o    Others
 U.S. Onshore Drilling Fluids Basin Outlook (Revenue, USD Million, 2014 - 2025)
·         Permian
·         Eagle Ford
·         Niobrara
·         Bakken
·         Utica
·         Marcellus
·         Others
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/us-onshore-drilling-fluids-market-analysis
About Grand View Research 
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com



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Biophotonics market estimated to reach USD 91.31 billion by 2024 : Grand View Research, Inc.

The global biophotonics market was valued at USD 34.29 billion in 2015, which is estimated to reach USD 91.31 billion by 2024, according to a new report by Grand View Research, Inc. The developments in optical technologies, increasing investigations by researchers, and mounting demand for early diagnosis are anticipated to drive the market growth over the forecast period. Biophotonics, being an evolving area of scientific research, has several applications due its ability to harnesses light for comprehending the functioning of cells and tissue in living organisms. This further aids in the better diagnosis of health problems.
Biophotonics market is projected to witness a high growth during the forecast period, owing to its application in optical techniques while simultaneously preserving the integrity of the biological cells under surveillance. New laser microscopes are being developed which permit measurements of distinct molecules and tissues at exceptional resolutions.
Biophotonics also finds applications in numerous procedures including new laser microscopes, which allow exceptional specifications of molecules & single tissues, optical coherence tomography that assists in the minute imaging of biomaterials, and novel light-activated chemicals utilized for welding tissues through surgical procedures.
Considering the enormous application areas, it is becoming perplexing for the key market players to commercialize this technology. However, the market is confronted with a slow commercialization rate due to the low acceptance from end-users, price sensitivity, and concerns pertaining to authenticity, quality, and reliability of the products.
Further key findings from the report suggest:
·         The non-medical end-use segment is expected to emerge as the fastest-growing segment over the forecast period. The snowballing demand in the non-medical applications is predicted to offer several growth avenues over the next few years. The usage of biophotonics to examine tissues at macro and micro levels and diagnose diseases effectively is expected to be a key reason for its surging end-use applications.
·         The light therapy segment is projected to grow at a CAGR of 14.88% over the forecast period. It accounted for 3.6% of the total market revenue in 2014. This is followed by the surface imaging segment, which is expected to exhibit a high market growth. In addition to this, the market is expected to observe growth with increasing adoption of this technology across various industries, such as biotechnology, therapeutics, agriculture, diagnostics, and life sciences R&D. Other impact rendering applications include environmental monitoring, food analysis, dosimetry, dentistry, and medical imaging utilizing endoscopy and Raman spectroscopy.
·         The Asia Pacific biophotonics market is expected to grow at a CAGR exceeding 13% over the next few years. Due to the augmented investment in R&D activities, coupled with the increasing prevalence of cancer, the market is expected to witness a substantial growth. The increasing healthcare expenditure and rising government initiatives are expected to fuel the demand for the regional market.
·         The prominent industry participants include IPG Photonics Corp., Idex Corp., Toshiba, Procter & Gamble, Horiba, Precision Photonics Corp. (PPC), Roche, GE, Philips, and Danone. The market is projected to exhibit an aggressive competition in the arena of technological development, leading to the application of biophotonic devices in households.
Browse more reports of this category by Grand View Research:  https://www.grandviewresearch.com/industry/technology
Grand View Research has segmented the global biophotonics market on the basis of end-use, application, and region.
Biophotonics End-Use Outlook (Revenue, USD Billion; 2013 - 2024)
·         Tests and components
·         Medical therapeutics
·         Medical diagnostics
·         Non-medical application
Biophotonics Application Outlook (Revenue, USD Billion; 2013 - 2024)
·         See-Through Imaging
·         Microscopy
·         Inside Imaging
·         Spectro Molecular
·         Other Analytics Sensing
·         Light Therapy
·         Surface Imaging
·         Biosensors
Biophotonics Regional Outlook (Revenue, USD Billion; 2013 - 2024)
·         North America
·         Europe
·         Asia Pacific
·         RoW
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-biophotonics-market
About Grand View Research 
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com


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