Category Archives: Market Research

Ophthalmic Lasers Market to Become Worth US$ 697.1 Mn by 2026

Future Market Insights provides a detailed analysis of the global ophthalmic lasers market in a new report titled “Ophthalmic Lasers Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. The global ophthalmic lasers market was valued at US$ 421.5 Mn in 2015 and is estimated to reach US$ 437.2 Mn by 2016 end, with a Y-o-Y growth rate of 3.7%.

Market dynamics

Factors such as rising prevalence of ophthalmic diseases leading to laser ophthalmic procedures and a growing elderly population susceptible to ophthalmic diseases such as cataract and glaucoma is anticipated to fuel the revenue growth of the global ophthalmic lasers market over the forecast period. Factors such as growing ophthalmic care expenditure, rising government provision in developed economies, constructive reimbursement policies, and increasing disposable income per capita are anticipated to enhance the growth of the global ophthalmic lasers market over the forecast period. However, high costs associated with ophthalmic lasers and replacement of current ophthalmic laser technology with advanced technologies might hinder the growth of the global ophthalmic lasers market over the forecast period.

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Segmentation highlights

The global ophthalmic lasers market is segmented on the basis of Product Type (Photo-coagulation Lasers, Photo-disruption Lasers, Selective Laser Trabeculoplasty); Disease Type (Diabetic Retinopathy, Glaucoma Surgery, Cataract Surgery, Others); and End User (Hospitals, Ambulatory Surgical Centres, Ophthalmic Clinics).

  • The Selective Laser Trabeculoplasty product type segment is estimated to reflect a Y-o-Y growth rate of 4.3%. The Photo-coagulation Lasers segment is anticipated to register a CAGR of 4.6% over the forecast period.
  • The Glaucoma Surgery disease type segment is estimated to account for the highest market revenue share of the global ophthalmic lasers market by 2016 end. The Diabetic Retinopathy segment is estimated to account for the second highest market share of the global ophthalmic lasers market by 2016.
  • The Ophthalmic Clinics end user segment is anticipated to account for the highest market share of 45.1% of the global ophthalmic lasers market by 2016 end and register a CAGR of 5.6% over the forecast period. The Ambulatory Surgical Centres segment is estimated to reflect a Y-o-Y growth of 3.9% in 2016 over 2015.

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Regional forecast

The global ophthalmic lasers market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. North America is expected to dominate the global ophthalmic lasers market in terms of revenue and is estimated to be valued at US$ 242.4 Mn by the end of 2026. North America is anticipated to account for the highest market share of 31.8% of the global ophthalmic lasers market by the end of 2016 while Western Europe is estimated to hold the second highest market share of 33.9% of the global ophthalmic lasers market by the end of 2016. The North America, Western Europe, and APEJ markets represent the highest growth opportunities in the global ophthalmic lasers market owing to a large patient population and more demand for laser technologies in diabetic retinopathy and glaucoma surgeries.

Vendor insights

The global ophthalmic lasers market report profiles some of the top companies operating in the global ophthalmic lasers market. Leading market players featured in the report are Ellex Medical PTY Ltd., Lumenis Ltd., IRIDEX Corporation, ZEISS International, NIDEK CO. LTD., Novartis AG, Topcon Corporation, and Quantel SA. These companies are focussing on developing new technologies to aid in seamless ophthalmic surgeries and are looking to penetrate new and emerging markets through strategic acquisitions.

 

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PV Micro Inverters Market to Expand with Significant CAGR During 2017 – 2022

The global PV micro inverters market is characterized by the rivalry between the leading vendors of PV micro inverters across the world, such as Sungrow Power Supply Co. Ltd., ABB Ltd., General Electric, Enphase Energy Inc., SunPower Corp., and Darfon Electronics Corp., finds a new research study by Transparency Market Research (TMR). These companies are aggressively concentrating on technological advancements in their products to strengthen their presence in the overall market. Continual introduction of new and innovative products is also a key strategy adopted by these players for the development of their businesses.

Over the forthcoming years, the competition within the market is expected to intensify as a number of enterprises are shifting their focus towards emerging economies, having abundant untapped potential, notes the research study.

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Continued Dominance of North America

As per TMR’s estimation, the opportunity in the worldwide PV micro inverters market is likely to touch US$489.1 mn by the end of 2017. Further, the market is projected to witness a tremendous upswing at a CAGR of 15.20% during the period from 2017 to 2022 and attain a value of US$990.3 mn by the end of the forecast period. Standalone PV micro inverter systems are enjoying a stronger demand than their integrated counterparts. Researchers predict this setup will remain so over the period of forecast. Currently, the demand for PV micro inverters is higher in the residential sectors. Thanks to the rising demand for continuous supply of power from individuals, this trend is expected to continue in the near future.

Among all the regions, North America surfaced as the leading regional market for PV micro inverters, owing to the presence of a technologically advanced infrastructure. Rising at a healthy CAGR of 15% between 2017 and 2022, this regional market is predicted to maintain its dominance over the next few years. Asia Pacific, however, is likely to present the most lucrative opportunities for the market’s growth in the years to come. The presence of ample untapped potential and abundant solar power resource will support the Asia Pacific market for PV micro inverters to grow at a steady rate over the forthcoming years, reports the research study.

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Need for Off Grid Electricity to Boost Demand for PV Micro Inverters

According to a TMR analyst, “PV micro inverters are expected to witness strong rise in their demand, thanks to the increasing need for off grid electricity across the world.” The rising concerns over safety and security from electricity has fueled the need for access to state-of-art resources of energy.

Apart from this, various favorable initiative by the governments in several countries, with an aim to encourage the usage of sustainable energy, such as net metering and feed in tariff, are also expected to promote the deployment of these inverters, complementing the growth of this market in the near future.

While the future of this market looks great, several challenges, such as the high cost incurred in the installation of these inverters, may limit their adoption over the next few years, reflecting negatively on this market, states the research report.

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About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research

90 State Street,

Suite 700,

Albany

NY – 12207

United States

Tel: +1-518-618-1030

USA – Canada Toll Free 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Food Processing Equipment Market to Expand with Significant CAGR During 2017 – 2022

Food and beverage companies are looking for optimizing operations to stay competitive in the market. Hence, food processing equipment manufacturers are focusing on enhancement of features in the existing products and development of technologically advanced equipment. The increasing need for flexible equipment is giving rise to the automation to efficiently carry all the operations. Safety, energy efficiency and reduction in maintenance cost are some of the critical factors in the food and beverage industry.

The report also offers a detailed profile of some of the leading market players such as ALFA LAVAL GEA Group AG, Bucher Industries AG, Bühler AG, Krones AG, AB Electrolux, Tetra Laval, John Bean Technologies Corporation, SPX Corporation, Dover Corporation, Marlen International, Inc., Marel, NICHIMO CO., LTD, BMA Braunschweigische Maschinenbauanstalt AG, Meyer Industries, and Middleby Corporation.

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Global Food Processing Equipment Market to Witness Strong Growth between 2017 and 2022

According to the latest report compiled by Transparency Market Research (TMR), the global food processing equipment market is expected to witness healthy growth, expanding at a CAGR of 6.7% during the forecast period 2017-2022. The market is also estimated to reach US$ 70,510.1 million revenue by the end of 2022.

On the basis of equipment type, compared to all the food processing equipment, thermal equipment is expected to dominate the global food processing equipment market during the forecast period. By food type, the market is segmented into processed, and unprocessed food. Among these, processed food is expected to lead the market. In the terms of application, bakery and confectionery segment is anticipated to be the largest user of food processing equipment. By the operation, semi-automatic food processing equipment is expected to witness significant growth during the forecast period.

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On the basis of region, the report includes North America, Europe, Latin America, APEJ, Japan, and MEA. APEJ is expected to emerge as one of the dominating regions in the global food processing equipment market. The region is estimated to account for nearly two-fifth of the revenue share by the end of 2017.

Rise in Adoption of Energy-Efficient Food Processing Equipment

Food processing equipment manufacturers are devising new strategies to establish their products in the market by integrating latest technologies. Owing to the increasing adoption of green technologies, manufacturers are producing food processing equipment that are energy-efficient and also saves operation and maintenance cost. In order to reduce carbon footprint, existing food and beverages companies are also replacing old equipment with the new energy-efficient equipment. Increasing awareness on serious environmental concerns is driving food manufacturers to adopt more efficient approaches in food production practices. Moreover, food manufacturers are also focusing on self-generation of energy and using equipment that helps in their energy saving strategies. Energy efficiency is often looked upon by food manufacturers when it comes to reducing production costs. Initiatives by the government such as tax credit program in various countries is also boosting the use of green technologies.

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Automation taking Center Stage in the Food Processing Equipment Manufacturing

Automation technologies are becoming critical in food processing equipment. Food manufacturers are moving towards adopting highly automated equipment that can offer speed, save time and energy. Manufacturers are also developing smart food processing equipment that enables the operator to interact with the equipment, start the equipment, and diagnose problems or failures from anywhere and anytime. Moreover, some of the food processing manufacturers are also focusing on using Virtual Reality (VR) to enable the food manufacturers see the food processing equipment in action, view details, and also to see if the equipment is able to meet their needs before purchase.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research

90 State Street,

Suite 700,

Albany

NY – 12207

United States

Tel: +1-518-618-1030

USA – Canada Toll Free 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

IoT Fleet Management Market Poised to Expand at a Robust Pace Over 2017 – 2025

As per the projections provided by the fresh TMR study, the demand in the global market for the Internet of Things (IoT) fleet management will escalate at a highly impressive CAGR of 20.0% during the forecast period of 2017 to 2025. The report evaluates that the IoT fleet management market, across the globe, was worth merely US$3,340.0 mn in 2016, and estimates it to reach a valuation of US$15,870.0 mn by the end of the forecast period.

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Smartphone Integrated Real-Time Data Driving Demand

Ubiquity of smartphones has had a defining effect on the global IoT fleet management market, as an increasing number of transportation companies are integrating their tracking and monitoring, routing, fuel management, and remote diagnostic processes with it. The advent of the Internet of Things has made it possible for the automobiles to seamlessly connect to smart phones, and provide emergency roadside assistance as well as real time traffic alerts. The IoT is made up of several smart devices such as sensors, mobile devices and cameras, all of which make use of wireless technology to communicate with each other. Incorporating IoT with fleet management helps in managing fuel and labor costs, improving fleet maintenance procedures, maximizing dispatching and scheduling, increasing response times, and enhancing customer satisfaction. The growing need for optimum operational efficiencies, implementation of Eld Mandate, and other anticipated government regulations are some of the other key factors driving the global IoT fleet management market. The U.S., the most profitable country-wide market for IoT fleet management, is projected to increment the demand consistently throughout the forecast period, gaining traction from factors such as increasing sales of fleet vehicles, high adoption rate of advanced technological products, and regulatory developments by the government.

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As per the author of the report, growing focus on data driven services by the telecommunication service providers and increasing adoption of cloud and fog computing analytics will open new opportunities for the vendors operating in the global IoT fleet management market.

Data Security and Cost of Implementation Hindering Growth in Emerging Economies

On the other hand, substantial implementation cost for small and medium sized fleet owners and the lack of IoT infrastructure in a number of emerging economies are some of the restraints challenging the IoT fleet management market from attaining its true potential. Data security and concerns regarding driver privacy are other two glaring obstruction faced by the IoT fleet management market, and there is strong need to improve on these two factors for the proper prosperity of the market.

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North America, primarily the developed country of The U.S., remains the most lucrative region for the IoT fleet management market players. A number of original equipment manufacturers (OEMs) in the U.S., such as Daimler Trucks North America and Volvo Trucks, are already offering telematics solutions, both independently and in partnership with local fleet solution providers. The IoT fleet management market is in nascent stage with plenty of opportunities for technological advancements. For instance, Daimler Trucks successfully tested truck platooning concept in 2015. The government regulatory for electronic logging devices in the U.S. makes fleet management solutions a necessary tool for the vendors of the transportation sector who deal with commercial trucks.

As far as market segmentations is concerned, the TMR report rates private cloud as most in-demand cloud type, whereas application-wise, the IoT fleet management market gains maximum demand from the tracking and monitoring of commercial vehicles, which itself is the most profitable fleet type segment.

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A recent study by Transparency Market Research (TMR) on the global IoT fleet management market suggests that the number of participants is growing, with International players maintaining leading positions via financial might as well as technological expertise, whereas some of the new entrants are making a mark too with their niche offerings. The TMR report identifies Cisco Systems, Inc., AT&T, Inc., IBM Corporation, Intel Corporation, Oracle Corporation, Verizon Communications, Inc., TomTom International BV, Trimble Inc., Omnitracs LLC, and Sierra Wireless as some of the prominent companies currently connected to the value chain of the global IoT fleet management market.

Hip Replacement Implant Market Offering High-growth Opportunities for Market Players

The top three players in the global hip replacement market, collectively, contributed 74.7% of the overall revenue generation of the market in 2015, indicating towards consolidated nature of this arena. These players are Johnson & Johnson, Zimmer Biomet Holdings Inc., and Stryker Corporation. Transparency Market Research (TMR) observes that strong portfolio, high geographic outreach, and strong brand recognition are some of the factors contributing to the dominance of these companies.

Key players are aiming towards expanding their product portfolio through acquisitions and research and development activities for development of new products and improvement of existing products that significantly contribute to revenue growth,” says TMR’s lead analyst.

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North America Continues to Dominate Owing to Growing Geriatric Population

The valuation of the global hip replacement implant market was US$6.76 bn in 2016 and is expected to reach US$9.18 bn by the end of 2024, rising at a CAGR of 3.9% therein. On the basis of product, the total hip replacement implant segment will continue to dominate the market until 2024, accounting for over 58% of the overall market revenue. The growth of the segment can be attributed to the growing prevalence of osteonecrosis and osteoarthritis. Total hip replacement implant is poised to expand at a noteworthy CAGR during the forecast period, making inroads into the shares of other segments.

Geographically, North America will represent the lion’s share in the overall market revenue throughout the review period. The widening base of geriatric population and rapid advancements in technology are stoking the growth of the region. Asia Pacific, on the other hand, is likely to post a CAGR of 4.8% during the same period, which will be higher than any other regional market. The growth of APAC can be attributed to improving healthcare infrastructure along with the increasing consumer spending on healthcare.

Rising Incidence of Hip Bone Disorders Fuels Growth Prospects

Over the last decade, the incidence of accidental injuries and hip bone disorders such as joint pain, bone loss, and instability in the hip joint has increased drastically. This is providing a significant momentum to the global hip replacement implants market. The rapidly aging global population and rise in clinical education among patients are also playing an imperative role in the growth of the market. “Over 340,000 hip implant procedures are performed in the U.S. and 600,000 are performed across the globe every year. This pool includes a raft of patients aged between 40 and 50 who are focused toward maintaining a healthy lifestyle,” says a TMR analyst.

Moreover, improvements in minimally invasive surgeries coupled with advancements in the 3D technology are providing a fillip to the global hip replacement market. Furthermore, the advent of advanced and custom made hip replacement implants is positively influencing the global market.

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High Cost of Implants Limits Widespread Adoption

Lack of affordability is one of the major issues faced by patients willing to undergo hip replacement procedures. Besides high costs of implants, the lack of reimbursement policies is impinging on the growth prospects of the global hip replacement implants market. Moreover, the increasing number of cases of hip implant product recalls is compelling the FDA to propose stricter regulations on all metal hip implant products, which in turn is adversely affecting the growth of the market. However, the presence of a large pool of patient in developing countries is creating ample growth opportunities for the market.

The above data has been derived from a report by TMR, titled “Hip Replacement Implant Market (Product Type – Total Hip Replacement Implant (Fixed Bearing and Mobile Bearing), Partial Hip Replacement Implant, Hip Resurfacing Implant, and Revision Hip Replacement Implant; Material – Metal-on-metal, Metal-on-Polyethylene, Ceramic-on-Metal, Ceramic-on-Polyethylene, and Ceramic-on-Ceramic; End User – Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”