Sunday, 15 October 2017

Hernia Repair Market Size To Reach USD 6.60 Billion By 2024 | Hexa Research

The global hernia repair market is expected to reach USD 6.60 billion by 2024. Rigorous research & development activities, growing number of obese patients and high susceptibility of geriatric patients to suffer from hernia are expected to drive the market over the forecast period. Increasing technological sophistication in repair devices and rigorous research and development of the drug-eluting mesh is projected to boost the demand for hernia repair devices and consumables.
Post-operative pain is growing concern post-repair with synthetic mesh. Though the cause of pain varies from patient to patient, a primary reason for pain is inflammation associated with the synthetic mesh. Other chronic illnesses related to the use of implanted mesh are abdominal pain, infection (sepsis), bowel obstruction and adhesion. In spite of increasing technological sophistication in mesh technology, synthetic materials remain the most widely used mesh products for hernia repair especially the polypropylene mesh due to their low cost and easy availability.
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The biological mesh is gaining momentum in developed countries especially in the U.S. Biologic mesh development has overcome the problem associated the synthetic mesh including foreign body interaction, chronic inflammation, infection, and stiffness. Presence of favorable reimbursement policies coupled with the well-regulated healthcare insurance and increasing prevalence of an inguinal and ventral hernia in developed economies have rendered increased acceptance of this product.




The above mentioned factors collectively boost demand for overall hernia repair consumables and surgical devices market over the forecast period. Owing to shortcomings of synthetic mesh, manufacturers are working on developing cost-effective and technological advanced mesh. For instance, Ariste Medical is developing drug-eluting mesh. These repair products are anticipated to improve the patient outcomes specifically in vascular procedures including hernia and peripheral bypass hemodialysis processes.
Also, manufacturers are focusing on developing composite or hybrid mesh. The hybrid mesh is a result of the combination of best features of biologic and synthetic mesh. Mesh that combines a minute quantity of synthetic material such as polypropylene and biologic building blocks derived from animal tissue has the property to diminish the hazards of inflammatory reactions along with providing long-term durability. Medtronic and COOK Medical are investing in the development of cost-effective composite mesh. This product may overcome the disadvantages associated with the synthetic mesh such as inflammation, sepsis and abdominal adhesion. These factors render cost advantage over the biologic mesh, which in turn is expected to boost the hernia repair market.
Hexa Research has segmented the global hernia repair market based on product, procedure, and region:
Segmentation by product, 2014 - 2024 (USD Million)
• Consumables
• Surgical Devices
Segmentation by procedure, 2014 - 2024 (USD Million)
• Tension Free
• Open Hernia Repair
• Laparoscopic

                                                      
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
    
Key players analyzed:
• Ethicon, Inc.
• Medtronic
• C. R. Bard
                                                     

Tuesday, 10 October 2017

The Worldwide Home Automation Market Size To Reach USD 39.88 Billion By 2024

The global home automation market is expected to reach USD 39.88 billion by 2024, driven by rising necessity of consumers for protection against fire and break-ins. Availability of automated systems that can be operated over high-speed Wi-Fi, powerful smart phone ubiquitous, and growing popularity of Internet-connectable gadgets is expected to drive market growth. Moreover, reduced energy consumption and availability of a broad range of products is anticipated to boost the home automation market.
North America was the largest market accounting for 35.7% of the share in 2016, owing to the adoption of the technology and availability of affordable solutions is expected to augment market growth. Europe is expected to witness sluggish growth over the forecast period on account of market saturation. Factors such as awareness towards security & safety of property, particularly in countries such as Germany, UK and France, is expected to drive the market over the forecast period. Asia Pacific, Central & South America, and the Middle East are expected to lead the global home automation market in the next few years.

Wireless systems were extensively used and are expected to witness a growth at an 11.7% CAGR on account of shift of consumers to a hands-free method of operation. Computing network is anticipated to achieve substantial growth in future owing to the availability of wearable computing devices and high-speed internet connectivity.
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Safety & security was the largest contributor and is expected to witness the fastest growth on account of advancement of technology such as biometric enabled lock system, camera feeds, and alarm systems which prevent theft and burglary. Mainstream automation systems are expected to witness significant growth in upcoming years on account of its ability to integrate all smart electronic appliances to form one intelligent system which can be accessible by the user.
Custom automation systems are anticipated to grow on account of its ability to provide features which suit the personal requirement of the customer. Moreover, these systems are available over a broad price range, thus, providing a consumer with the option of picking and choosing functions that suit their homes.

Hexa Research has segmented the global home automation market based on technology, application, type and region:
Segmentation by networking technology, 2014 - 2024 (USD Million)
• Wired systems
• Power-line systems
• Computing networks
• Wireless systems

Segmentation by application, 2014 - 2024 (USD Million)
• Lighting 
• Safety & security 
• HVAC 
• Entertainment 
• Energy management 
• Others
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Segmentation by type, 2014 - 2024 (USD Million)
• Custom Automation
• Mainstream Automation System
• Do-It-Yourself (DIY)
• Managed Home Automation
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Central & South America
• MEA
Key players analyzed
• Siemens AG
• Honeywell
• Crestron Electronics, Inc.
• Schneider Electric
• Johnson Controls, Inc.

Saturday, 7 October 2017

The Worldwide Water Desalination Market is set to reach USD 26.81 billion by 2025

The global water desalination market is set to reach USD 26.81 billion by 2025, primarily driven by rapid industrialization, increasing population, and depleting freshwater bodies. Moreover, increasing public awareness regarding water conservation and strict government laws on treatment is expected to fuel growth.
Recycled wastewater is widely used in landscaping and irrigation. The Middle East & Africa was the largest market accounting for 53% of the revenue share in 2016 and is expected to maintain its dominance over the forecast period on account of the high supply-demand gap of potable water.
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Global warming has resulted in accelerating the evaporation of water bodies which eventually has led to droughts in numerous parts of the world. For instance, the U.S and Middle East & Africa have been affected adversely by severe multi-year and multi-state droughts over the past few years.
Countries such as U.S. and Saudi Arabia are focusing on the existing projects, instead of commencing new projects. The North America desalination market is expected to grow at an 8.6% CAGR over the next few years on account of rising number of natural calamities which are resulting in depriving its population & industries of water.

Traditionally, thermal desalination has been one of the most reliable techniques for water purification. Multi-stage flash distillation can produce purer water to which minerals are added to enhance the taste of water. The market for multi-stage filtration is expected to grow at an 8.4% CAGR during the forecast period owing to its high purity yield compared to reverse osmosis.
Reverse osmosis is expected to witness the fastest growth on account of its lower energy consumption rates. Rising need for pure water in chemical and food industries is projected to boost the market for reverse osmosis over the forecast period and is estimated to be worth USD 15.43 billion by 2025.
Seawater contributed to 58.2% of the revenue share in 2016, making it the largest and the trend is expected to continue over the projected period. Rapid industrialization and substantial investments regarding desalination in the Middle East is anticipated to drive the global market over the next few years.
Companies are investing extensively in R&D to enhance technology. For instance, in April 2014, GE Corporation launched an open technology challenge to accelerate the development of technology to improve the efficiency of seawater desalination.
In addition to this, the companies are concentrating on new projects. For instance, in November 2014, Suez announced construction, design and operation of a desalination plant at new Mirfa Independent Water and Power Project in Abu Dhabi. Furthermore, Veolia has developed itself in both Multiple Effect Distillation and Reverse Osmosis to offer energy-efficient hybrid desalination technology to mark its presence in global market.
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Hexa Research has segmented the global water desalination market based on technology, source and region:
Segmentation by technology, 2014 - 2025 (USD Billion)
• Reverse Osmosis (RO)
• Multi-Stage Filtration (MSF)
• Multi-Effect Distillation (MED)
Segmentation by Source 2014 - 2025 (USD Billion)
• Seawater
• Brackish Water
• Wastewater
Segmentation by region, 2014 - 2025 (USD Billion)
• North America
• Europe
• Asia Pacific
• Central & South America 
• Middle East & Africa

Thursday, 5 October 2017

The Worldwide Hydraulic Pumps Market Size To Reach USD 11,400 Million By 2024

The global hydraulic pumps market to reach USD 11,400 million by 2024, driven by the rising demand for mobility and industrial sector. Asia-Pacific was the largest market accounting for over one-third of the market share in the year 2016 owing to growing agriculture and construction industry in countries such as India and China. North America and Europe followed the suit, where the regions are expected to grow over the forecast period.
Availability of fire resistant and wear and corrosion free hydraulic pump along with flourishing industrial and construction segment are among the key drivers for the hydraulic pumps market. However, resilient competition from low-cost manufacturers is expected to be among the restraints for hydraulic pumps market over the forecast period.

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In terms of application, mobility segment dominated global market accounting for over half of the market share in the year 2016. The segment is expected to show promising growth owing to the usage of hydraulic pumps in mining, agriculture, construction, and earthmoving equipment.Industrial segment is expected to grow at a CAGR of 5.4% owing to the prevailing demand in industries which involve heavy and repetitive work.
Growing focus on research and development by hydraulic pump companies and government initiatives to minimize CO2 emission and energy consumption along with the demand for quality products and cost-effective solution is expected to upsurge the global hydraulic pumps market over the forecast period.
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Hexa Research has segmented the global hydraulic pumps market based on types, applications and region:
Segmentation by types, 2014 - 2024 (Million Units) (USD Million)
• Gear
• Vane
• Piston
Segmentation by application, 2014-2024 (Million Units) (USD Million)
• Mobility
• Industrial
Segmentation by region, 2014-2024 (Million Units) (USD Million)
• North America
• Europe
• Asia Pacific
 • Central & South America
• Middle East and Africa
Key players analyzed:
• Bosch Rexroth AG
• Eaton
• Daikin
• Kawasaki Heavy Industries

Wednesday, 27 September 2017

The Worldwide E-book Market Size To Reach USD 29.43 Billion By 2024

The global E-book market is set to reach USD 29.43 billion by 2024, primarily driven by the advancement in technology, rising population of educated youth, increasing smartphone penetration across the globe, government policies promoting smart education, free accessibility, and e-book reader applications. Moreover, the availability of an online translation of e-book in various local languages is anticipated to drive the market over the forecast period.

Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of rising adoption of smartphones and other digital reading platforms such as Adobe eBook platform and Kindle. India and China have a large number of educational institutes than any other country in the region. These educational institutes are preferring e-books over the conventional books to reduce the space as well minimize the cost attached to with paper books.

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Over 60% of the books sold in this region are educational owing to the higher number of educational institutes. Preference of digitalization, especially journals in STM (Science, Technology, and Medicine), to access a larger volume of data seamlessly is expected to propel growth. This factor is expected to drive the growth of the nonfiction & education segment, resulting in 28.4% contribution to the overall market by 2024.

Fictional books contributed to the largest revenue share in 2016. The demand for the genre has been increasing on account of consumer preference for leisure reading, and the segment is expected to grow at a 7.8% CAGR over the forecast period.

The industry has been characterized by the presence of big companies that have been operating in the market for a substantial period including Amazon, Hachette, Harper Collins, Penguin Random House and Kensington Publishing. These companies have been focusing on marketing strategies on expanding the reach of the market to consumers located in urban as well as rural areas. These companies are also expanding their user base within cities.

Hexa Research has segmented the global E-book market based on genre and region:

Segmentation by Genre, 2014 - 2024 (USD Million)

• Fiction
• Nonfiction & education
• Literature
• Children’s book
• Comics & graphic novels
• Others


Segmentation by Region, 2014 - 2024 (USD Million)

• North America
• Europe
• Asia Pacific
• Rest of World

Key players analyzed

• Amazon
• Hachette
• Harper Collins
• Penguin Random House

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Tuesday, 26 September 2017

The Worldwide Halal Food Market is Expected to Reach $2.55 Trillion By 2024

The global halal food market is anticipated to reach USD 2.55 trillion by 2024 driven by the rising demand for the consumption of halal meat which is healthy and made in a hygienic manner. The growing awareness of halal food and its positioning as hygienic and healthy food among both Muslim and non-Muslim community is expected to drive the demand over the forecast period.
Asia Pacific has the highest market share in terms of revenue and is projected to maintain its dominance in the market over the forecast period. Increasing Muslim population and the growing awareness among consumers in Asia Pacific countries such as Pakistan, India, and Bangladesh, Indonesia, Singapore, and the Philippines are expected to drive the market over the forecast period.
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The absence of a uniform halal standard across countries makes it challenging for vendors to get their products halal certified. Besides, the market is fragmented in nature, which makes it further challenging for multiple vendors to operate in different countries. In the market, there is also a need for an oversight on the halal food industry considering the halal meat scandals in Europe and North America regions.
Processed food & beverages dominated the market in 2016 and are expected to maintain its leading position over the forecast period as well. Food & beverages segment was followed by bakery products segments and confectionery segments. Over the forecast period, bakery products segment is expected to grow at a CAGR of 9.6% with an increasing demand for ready to eat and packaged bakery products such as cookies, doughnuts, savory pastries, pretzels, biscuits, and cakes.
The market is fragmented with the presence of many international and domestic vendors. Vendors in the market are focusing on product quality and geographical expansion globally. Vendors are also registering themselves with halal certification organizations.
Some of the leading players operating in the halal food market are Al Islami Foods, QL Foods, Saffron Road Food, Dagang Halal, Janan Meat, Kawan Foods, Cargill, Prima Agri-Products, Nestle and Cleone Foods. Over the past few years, fast food chains such as KFC and McDonalds have started providing halal certified products to widen their customer base.
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Hexa Research has segmented the global halal food market based on application and region:
Segmentation by application, 2014 - 2024 (USD Billion)
• Processed food & beverages
• Bakery products
• Confectionary
Segmentation by region, 2014 - 2024 (USD Billion)
• North America
• Europe
• Asia Pacific
• Middle East
• Africa
Key players analyzed:
• Al Islami Foods
• QL Foods
• Saffron Road Food
• Dagang Halal
• Janan Meat.

Friday, 22 September 2017

Rising demand for clinical and other research applications will boost Ultracentrifuge Market by 2024

The global ultracentrifuge market size estimated to reach USD 32.8 million by 2024 and is expected to be driven by its rising demand for clinical and other research applications. Increasing prevalence of diseases such as HIV and hepatitis has resulted in a growing demand for vaccines, which is expected to bolster growth over the next few years.
The global market is currently influenced by research & development in the fields of pharma, molecular biochemistry, biology and cell biology. The growth of these industries is expected to drive the demand for these products over the next few years.
Technological advancements have resulted in the introduction of various features such as programming, automatic cooling of equipment, variable rotor speed and noise reduction resulting in increasing the demand for ultracentrifuges in numerous applications. However, the high installation cost is expected to hinder the growth of the market.

Of the types of ultracentrifuges manufactured, revenues generated by preparative was highest at USD 17.4 million in 2016. Preparative ultracentrifuges are very popular in molecular biology to separate molecular species by gradient separations.

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On the other hand, molecular biology was the largest application segment accounting for 35.9% of the ultracentrifuge market share in 2016. The growth of the molecular biology, primarily to research on the various diseases and industrial enzymes, is expected to propel the growth of the industry subsequently.
North America dominated the global market accounting for 34.8% of the share in 2016. The region is likely to continue its dominance over the next eight years due to an increasing focus on research & development. Rising number of research institutes in the region is expected to propel the growth of the market over the next few years.
Segmentation by rotor type, 2014 - 2024 (USD Thousand)
• Fixed Angle
• Swinging Bucket Rotor
• Vertical Rotor
Segmentation by application, 2014 - 2024 (USD Thousand)
• Molecular Biology
• Biochemistry
• Cell Biology
• Industrial
Segmentation by region, 2014 - 2024 (USD Thousand)
• North America
• Europe
• Asia Pacific
• Central & South America
• MEA
Key players analyzed
• Beckman Coulter Inc.
• Thermo Fisher Scientific Inc.
• Alfa Wassermann Inc.