Blood Testing Market anticipated to reach USD 62.9 billion by 2024 : Grand View Research , Inc.

Global bloodtesting market is anticipated to reach USD 62.9 billion by 2024, according to a new report by Grand View Research, Inc. Growing adoption of testing and screening methodologies that enhance near patient diagnosis through enhanced blood testing that reduce diagnostic turnaround times and lower hospitals stay durations is a major factor expected to provide lucrative growth in demand for the market.

Federal agencies that play a major role in regulation of genetic tests, including Centers for Medicare and Medicaid Services, Food and Drug Administration, and Federal Trade Commission, have also undertaken initiatives expected to further enhance market usage of Clinical Laboratory Improvement Amendments (CLIA) compliant tests in the market. These steps reinforce the goals set by national governments and the medical fraternities to strengthen early diagnostic capabilities across a number of key geographic regions.

Increasing levels of patient awareness that have been witnessed in a number of demographic factions across developed and developing countries alike is another notable factor expected to drive growth. Growing prevalence of chronic diseases such as diabetes that warrant long term disease managementis also a considerable factor attributive of growth potential over the forecast period.

Full research report on blood testing market analysis:
http://www.grandviewresearch.com/industry-analysis/blood-testing-market

Further key findings from the study suggest:

·         Glucose testing is estimated to be the dominant segment in 2015 owing to the high number of awareness programs carried out by various diabetes management focused associations. Presence of several local and established players in this segment that serve the market with a broad portfolio of point-of-care and portable meters for blood glucose monitoring is another factor reinforcing the dominance of this segment.

·         Market revenue from of lipid panel tests is second only to blood glucose monitoring and their strong market position can be accounted for by higher incidence of cholesterol associated cardiovascular disorders as a consequence of sedentary lifestyle, need for risk analysis of cardiac diseases and screening for probability of congestive heart failure.

·         Glycated hemoglobin (aka A1C) is anticipated to witness relatively faster growth among the market segments over the forecast period owing to associated higher patient convenience, faster turnaround time, higher accuracy and reliability for testing.

·         North America dominated the industry in 2015, with over 40% of total revenue. Technological advancements such as the introduction of miniaturized diagnostic devices rendering rapid and accurate results that have higher market penetration in the region coupled with favorable medical insurance policies enhancing market adoption are attributive for the largest share. Favorable government initiatives and CLIA waiver on POC testing devices are also notable factors estimated drive growth.

·         Asia Pacific is estimated to witnessthe fastest growth over the forecast period owing to presence of high unmet medical needs pertaining to target disease segments such as cardiovascular disorders, prostate cancer, diabetes, liver diseases, hepatotoxicity, and hyperlipedemia.

·         Moreover, constantly improving healthcare expenditure in developing economies and ongoing initiatives taken by key market participants to strengthen their presence in these untapped pockets of the market is expected to drive regional market development through to 2024.

·         Key players operating in this industry includeRoche Diagnostics, Abbott diagnostics, Bio-Rad Laboratories, Becton Dickinson & Company, Alere, Trinity Biotech PLC, BioMerieux SA, Nipro Diagnostics, Biomerica Inc, Siemens Healthcare, and Beckman Coulter.

·         Introduction of the combination plans and other promotion programs by the clinics and laboratories which provide complete analysis of the blood are factors attributive for the projected growth in the coming years

·         These entities are adopting strategies such as collaborations with hospitalsand diagnostic laboratories in order to provide online testing services. Such services include ordering a test online, carrying out the test and submission to the authorized laboratory, and retrieval of the results via e-mail so as to reduce the number of hospital visits.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/clinical-diagnostics

Grand View Research has segmented blood testing market on the basis of test type and region:

Global Blood Testing Outlook, by Test Type (Revenue, USD Million, 2013 - 2024)

·         Glucose testing

·         Lipid panel testing

·         Direct LDL testing

·         Prostate specific antigen testing

·         BUN testing

·         A1C testing

·         High sensitivity CRP testing

·         Vitamin D testing

·         ALT testing

·         Thyroid stimulating hormone testing

·         Creatinine testing

·         Serum nicotine/cotinine testing

·         AST testing

·         Cortisol testing

·         Testosterone testing

·         Other blood tests

Global Blood Testing Regional Outlook (Revenue, USD Million, 2013 - 2024)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

o    Russia

o    Turkey

·         Asia Pacific

o    China

o    India

o    Indonesia

·         Latin America

o    Brazil

o    Mexico

·         MEA

o    South Africa

o    Nigeria

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-blood-testing-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

Chatbot Market expected to reach USD 1.25 billion by 2025 : Grand View Research, Inc.

The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

Full research report on chatbot market analysis: http://www.grandviewresearch.com/industry-analysis/chatbot-market

Further key findings from the report suggest:

·         Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.

·         The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.

·         The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.

·         The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.

·         Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the chatbot market based on end users, applications/business models, types, product landscape, verticals, and regions:

End User Outlook (Revenue, USD Million; 2014 - 2025)

·         Small Enterprises

·         Medium Enterprises

·         Large Enterprises

Application/Business Model Outlook (Revenue, USD Million; 2014 - 2025)

·         Bots for Service

·         Bots for Social Media

·         Bots for Payments/Order Processing

·         Bots for Marketing

·         Others

Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Standalone

·         Web-based

·         Messenger-based/Third Party

Product Landscape Outlook (Revenue, USD Million; 2014 - 2025)

·         Artificial Intelligence

·         Marketing

·         Human Intelligence

Vertical Outlook (Revenue, USD Million; 2014 - 2025)

·         Healthcare

·         Retail

·         Banking, Financial Services, and Insurance (BFSI)

·         Media & Entertainment

·         Travel & Tourism

·         E-commerce

·         Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    Japan

o    South Korea

·         South America

o    Brazil

o    Rest of South America

·         MEA

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-chatbot-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

Pressure Pumping Market size is expected to reach USD 75.1 billion by 2025 : Grand View Research, Inc.

The global pressure pumping market size is expected to reach USD 75.1 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.1% during the forecast period. Rising exploration & production (E&P) in unconventional oil & gas reserves including shale basins is estimated to spur the growth of the market.

Increasing prominence of unconventional reserves including coalbed methane (CBM), shale, tight oil, and tight gas is likely to drive the market over the next few years. Advancements in extraction techniques are also helping E&P companies in increasing the yield in scanty profit regions such as the Arctic region and ultra-deep seas.

Governments of countries that support natural gas E&P from conventional (oil, gas, and coal), as well as unconventional sources (shale, CBM, and tight gas) are undertaking several regulatory initiatives to promote hydraulic fracturing. This is leading to upsurge in use of hydraulic fracturing for the development of unconventional sources.

Stable prices in 2017 and an upswing in upstream oil & gas investments are likely to augment the demand for pressure pumping operations over the forecast period. Number of coil tubing rigs in the U.S. registered an increase of nearly 3.3% from 2016 to 2017. Thus, stable oil prices, coupled with increasing number of the coiled tubing units, are expected to stoke the growth of the market over the forecast period

Pressure pumping of oil and gas formations may lead to groundwater contamination, migration of gases and fracking chemicals to surface, and contamination of surrounding air. In addition, oil obtained through pressure pumping includes chemicals used in fracking, which may increase corrosion rate in rail tank cars and pipelines. Thus, environment related concerns with the product are likely to hamper growth prospects.

Moratoriums and bans on hydraulic fracturing from regional agencies in France, Romania, Tunisia, Bulgaria, etc. are also expected to remain a major challenge for the industry. Soaring need for fossil fuels in electricity generation and transportation, however, is expected to propel the market.

Full research report on pressure pumping market analysis: https://www.grandviewresearch.com/industry-analysis/pressure-pumping-market

Further Key Findings from the Report Suggest:

·         In terms of revenue, hydraulic fracturing is anticipated to reach USD 58.3 billion by 2025 at a CAGR of 4.3% from 2017 to 2025. The U.S. shale gas boom is likely to be a key factor behind the growing prominence of hydraulic fracturing

·         In terms of revenue, the cementing segment is projected to register a CAGR of 3.9% over the forecast period. Increasing number of drilled but uncompleted wells is anticipated to restrain the growth of the segment over the forecast period

·         Horizontal well type dominated the global market with a share of 82.4% in 2016. The distinct benefits of horizontal wells in terms of providing enhanced productivity are likely to influence the growth of the segment positively in the coming years

·         The North America pressure pumping market is anticipated to exceed USD 47.8 billion by 2025. Flourishing upstream oil and gas sector in the region is likely to drive the regional market over the forecast period

·         Asia Pacific is projected to witness a remarkable CAGR of 5.5% over the forecast period, with China and Australia being the key revenue contributors in the region.

·         Some of the key companies in the industry are Baker Hughes; Schlumberger Limited; Halliburton; C&J Energy Services, Inc.; Calfrac Energy Services Ltd.; Trican; and Superior Energy Services, Inc.                                        

 View more reports of this category by Grand View Research at:  https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the global pressure pumping market report on the basis of type, well type, and region:

Pressure Pumping Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Hydraulic Fracturing

·         Cementing

·         Others

Pressure Pumping Well Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Horizontal

·         Vertical

·         Directional

Pressure Pumping Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Russia

o    U.K.

·         Asia Pacific

o    China

o    Australia

·         Latin America

o    Brazil

o    Argentina

·         MEA

o    U.A.E

o    Algeria

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-pressure-pumping-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