Urinary Catheters Market Status, Share And Growth Factors Impact Analysis till 2024

June 24, 2021: Global urinary catheters market size worth USD 5.51 billion by 2024, and is expected to grow at a CAGR of 5.41% during the forecast period. Urological catheters are used for patient’s affliction from Urological incontinence, urological disorders and, Urological retention. A urological catheter involves external (condom) catheter, intermittent (short-term) catheter and indwelling (Foley) catheter. Foley catheter is a bendable tube with lumens on ends. This kind of catheter is put into the bladder through the urethra and pending in the bladder. A miniature balloon attachment at the end of the catheter is exaggerated to avoid the tube from descending out of the body.

An intermittent catheter is bendable catheter utilized to vacant the bladder at regular intervals. This catheter is separated once the flow of urine stops. External catheter is usually used for elderly male patient’s affliction of dementia (loss of brain task). This catheter is shaped like a condom and is positioned on the male genital, with a tube directing to a drainage bag, which accumulates the urine.

The Urological catheter industry is mainly determined by factors such as rising ageing population, constructive reimbursement policies and growing demand for superior Urological catheters. Moreover, factor such as increasing incidence of Urological area infections and pressure from substitute are expected to obstruct the industry growth. The requirement for Urological catheters can be credited to disorders such as Parkinson’s disease, multiple sclerosis, dementia, and incontinence. Much of the requirements for Urological catheters come from the aged population, who suffers from numerous age-related medical circumstances. The growing incidence of Urological disorders also has a straight impact on the global Urological catheters market. Currently the worldwide market for Urological catheters is having a healthy growth rate owing to the continuously growing consciousness levels of the people, accessibility of enhanced Urological catheters and recuperating economic condition and healthcare infrastructure in various nations.

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On the basis of product type the market can be segregated into condom catheter (external), intermittent catheter (short-term) and Foley catheter (indwelling). Intermittent catheter is expected to capture maximum share over the forecast period owing to their increasing demand across the world. Indwelling catheter segment is expected to capture second largest revenue over the forecast period. On the basis of application this market can be segregated into Urological retention, spinal cord injury, Urological incontinence, prostate gland surgery and others. Prostate gland surgery segment is expected to capture the maximum share in revenue and hence would be domination the market owing to extensive use of urological catheter in the surgery across the world. On the basis of geographical region, the market can be segregated into North America, Asia Pacific, Europe and Rest of World.

Of all the regions aforementioned North America is expected to generate largest share in revenue over the forecast period owing to increasing government support of different nation in this are to strengthen the growth of the market coupled with the existence of refined infrastructure. The Asia Pacific is expected to witness robust growth over the forecast period owing to superior government support, a large aged population base afflicted from Urological problems that call for instantaneous catheterization, superior income levels, and prevalent awareness. The Asia Pacific Urological catheters market is chiefly driven by the Urological catheters industry in China and India. Europe is expected to capture second largest revenue over the forecast period owing to high patient awareness coupled with high medical expenditure

The main factors for soaring growth rate comprises the introduction of technological development such as the utilization of antimicrobial coatings on these catheters and increasing prevalence of urological infection such as incontinence. These commodities are expected to witness eminent demand over the forecast period owing to the beginning of technologically advanced products opposing the risks such as needle stick injuries and growth of novel products such as Stryker’s AcuNav ultrasound & Soundstar 3D proficient in three-dimensional mapping .Some of the key players in this market are Coloplast, American Medical Systems, C.R. Bard, Boston Scientific, Cook Medical, AdvancedCath, Wellspect HealthCare, DENTSPLY IH AB, ConvaTec SA, Covidien plc,Teleflex Incorporated, Melsungen AG, B.Braun, Cure Medical, Johnson & Johnson, Abbott Laboratories, Fresenius Medical Care , and AngioDynamics.

The players in the market are expected to face challenge in terms of high prices. Barrier for entry is low for new entrants. The market is expected to be innovation driven over the forecast period owing to increasing demand of these services around the developing countries. The market is not much fragmented but there is lack of standardization. A major healthcare reform across the developing countries is expected is expected to boost the growth of these companies in developing nations. The key market trend of this industry is soaring adoption of coated urological catheters. These coatings are generally anti-microbial coatings. The key vendors in the market will have to try thir best to come up with the innovation which is in turn, is in lieu with the latest market trend.

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Market Segments

Urinary Catheters Product Type Outlook (Market revenue in USD Million, 2013 - 2024)

        • Intermittent catheters

        • Foley/ Indwelling catheters

        • External catheters

Urinary Catheters Application Outlook (Market revenue in USD Million, 2013 - 2024)

        • Benign prostate hyperplasia and prostate gland surgeries

        • Urinary incontinence

        • Spinal cord injury

        • Others

Urinary Catheters Regional Outlook (Market revenue in USD Million, 2013 - 2024)

        • North America

            • U.S.

            • Canada

        • Europe

            • Germany

            • UK

        • Asia Pacific

            • Japan

            • China

        • Latin America

            • Brazil

            • Mexico

        • MEA

            • South Africa

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Gene Expression Analysis Market Overview, Challenges, Opportunities And Top Key Players till 2025

June 23, 2021: The global gene expression analysis market is estimated to reach USD 11.3 billion by 2025. Market is also expected to grow at a decent rate over the forecast period driven by rising number of cancer patients, facilities for financial funding, decreased cost of sequencing, and high concentration on research & development. In emerging economies, the industry offers advantageous opportunities for growth with rising concentration on adoption and precision as well as personalization in medicines. However, currency devaluation in developing economies and initial capital investment of different instruments are considered as restraint as well as challenge for the industry.

The gene expression is a set of steps for a functional genetic code product occur in the synthesis, with the support of the data coded on genes. The process is prominent in multi cellular organisms as well as bacteria such as eukaryotes or prokaryotes, which ensure the creation of machinery macro molecular of their life.

In context with the consumables of gene expressions, the industry is classified into DNA chips and reagents. The segment of reagent held the largest revenue share of consumables in the industry. This segment is anticipated to witness high growth influenced by increasing number of service center for sequencing, research & development with financial funding, and rising installation number of analysis instruments.

The overall market can be segmented by technologies into Northern Blotting, SAGE, Micro array, DNA, NGS, and PCR. The NGS technological segment is considered to be the rapidly growing sector. However, the PCR technology held the largest revenue share over the forecast period. The rapid growth of NGS technology is influenced by rise in large scale gene expression demand, technological advancement & improvised throughput & speed, wide spectrum of applications, and in depth knowledge of sequencing DNA.

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The services offered by this industry are classified as bio informatics solutions and profiling services. Profiling services of gene expressions occupy the largest industry share. The profiling services provide essential insights in terms of personalized medicine, determining drug, and enhanced diagnosis of disease. Aforementioned factor would drive the demand for profiling services over the forecast period.

The genetic code expression includes translation and transcription process. The translation process protein from RNA is a sequence occurs in the protein-based synthesis on coding genes data. The transcription from DNA to RNA can be described to the creation of coples RNA of DNA with the support of the RNA enzyme polymerase. The regulations of genetic code refer to its functions, renders cell control through structure, versatility & differentiation of cellular substance, and morphogenesis. The alteration in the overall process can be possible with such as modification of proteins after translation process, and splicing of RNA.

The profiling primarily refers to the set of step used to measure the expression of numerous genetic codes in order to determine the functions related to cellular. This process can be helpful to determine the differences in molecular base of phenotypic and offers the target GE selection for research purpose. There are various techniques used for this analysis such as transcriptase sequencing, analysis of micro array, PCR based real time profiling, and serial analysis of GE among others.

However, reagents are the chemical substances required in the studies undertaken to identify the pattern. Traditionally available reagents kits include hybridization, Taq Man assay, sample labeling and amplification, sample preparation and isolation and other significant kits.

The North America industry is estimated to hold the largest share, followed by Asia Pacific and Europe. The Asia Pacific region is estimated for the rapid growth over the forecast period. The growth in this region is influenced by increasing gene test popularity, government concern to improve healthcare with laws & regulation, and rising agriculture research activity.

The vital factors influencing the growth and contribution of aforementioned region include development of databases, increasing R & D, and continuous advancement & innovation in technology across the world. Rising initial funding and investment for research in genetic by government as well as the growing awareness & popularity of gene expressions is expected to shift demand. Recently, classified systems of GE have determined a cancer subtype aggressive colon with features like mesenchymal, which ensures EMT of tumor cells.

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Some of the major players competing in this industry are Agllent Technologies, Bio Rad Laboratories, Thermo Fisher Scientific, Qiagen N.V., Illunia Inc., Affymetrix Inc., and other prominent players. High initial cost for instruments as well as lack of expertise & skilled technician would hinder the growth. However, with numerous advantages and rising interest for precise medicines, the growth & scope of new studies would influence the adoption of reagents.

Market Segmentation

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

    • Sample Collection

    • Purification

    • cDNA synthesis & conversion

    • PCR Analysis

    • Data analysis & interpretation

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

    • Kits & Reagents

    • DNA Chips

    • Others

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

    • Low- to Mid- Plex

    • High-Plex

Technique Category Outlook (Revenue, USD Million; 2014 - 2025)

    • RNA Expression

            • Northern Blotting

            • DNA Microarrays

            • PCR Techniques

            • RNA-Seq

    • Promoter Analysis

            • In vitro Transcription/Nuclear Run-On Assays

            • Gel Shift Assays

            • Chromatin Immunoprecipitation (ChIP)

    • Protein Expression & Posttranslational Modification Analysis

            • Western Blotting

            • 2-D Gel Electrophoresis

            • Immunoassays

            • Mass Spectrometry

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

    • Drug Discovery & Development

    • Clinical Diagnostics

    • Biotechnology & Microbiology

    • Others

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

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

    • Middle East and Africa (MEA)

        • South Africa

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Glucose Biosensor Market Top Key Players Update, Business Statistics and Research Methodology till 2022

June 23, 2021: The global glucose biosensor market was estimated at USD 15.3 billion in 2015 and is anticipated to reach USD 31.0 billion by 2022. Biosensors are identified as analytical equipment that change a biological reaction into electrical indicator and help in measuring an extensive range of analytic comprising gasses, bacteria, organic compounds and others. It includes the biological component that works as a sensor & an electrical constituent and utilized to distinguish and pass on the signal. Glucose biosensors are usually utilized to sense concentration of sugar/glucose in patients. Bio-constituents such as proteins comprising nucleic acids, enzymes, and others are utilized as biosensors in lieu to examine the concentration of glucose in a patient.

Some key factors accredited to the expansion of this market comprises the growing occurrence of diabetes around the globe, the growth of the technically advanced product, increasing the requirement for non-invasive products and minimally sized products, increasing patient consciousness levels, and the requirement for early diabetes recognition. However, the existence of other options for supervision of diabetes, for instance, laboratory process is expected to confine market expansion over the forecast period. Rising occurrence of diabetes worldwide is the main factor contributing towards the expansion of this industry. Glucose monitoring of blood is utilized as an essential instrument in diabetes management.

As upholding of normal blood glucose levels is significantly important for the patients going through diabetes, a progression of appropriate glucose biosensor has been made to congregate the demands of the patients afflicted with this extremely rampant disorder. Moreover, the increasing requirement for self-monitoring equipment has amplified the utilization of biosensors particularly in handy forms. These sensors are currently available as miniature and minimally invasive equipment that calculate glucose levels in a patient. Scrutinization of glucose level in blood at regular period is very important key factor demanded disease management. Due to this fact, a number of technical advancements are being conceded out in the production of sensors. Moreover, production of dependable and precise glucose biosensors is expected to pose the challenge for market players.

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The initiation of technical advancements is likely to play an essential role in enhancing usage rates. This is obvious from the improvement of non-invasive and minimal glucose biosensor in this industry. Glucose biosensors industry is expected to observe soaring growth owing to escalating diabetic patient population worldwide. Thus, escalating occurrence of diabetes will augment the requirement for glucose biosensor and hence propels the industry growth. In totaling, growing requirement for point of care diagnostics and home care diagnostics, and increase in utilization of glucose biosensor in nonmedical functionality will further encourage the industry of glucose biosensor. Moreover, soaring cost for the cure by biosensor is expected to restrain the industry growth of glucose biosensors over the forecast period.

On the basis of types, there are typically two types of glucose biosensors purposely amperometric biosensors and fluorescence glucose. Among these two kinds, amperometric glucose biosensor is extensively accessible commercially. Amperometric biosensor operates by the way of glucose oxidase. Amperometric biosensor oxidizes glucose directing to the creation of hydrogen peroxide, which is noticed by the electrode and the level of glucose is examined. Moreover, by the improvement in fluorescent glucose biosensor, it is likely to capture the huge market share over the forecast period. This biosensor works on fluorescence process that calculates the level of blood glucose with additional precision.

The operational life of probe of this biosensors is of better quality in comparison to amperometric biosensors which is expected to fuel the market for this segment biosensors. On the basis of end-use, the market can be segregated into home care diagnostics, hospitals, and others. The home care diagnostics is expected to grow rapidly over the forecast period owing to increasing demand coupled with latest innovation & advancement that are been inculcated into these devices to make it more précised and accurate. Hospital sector is expected to capture maximum share over the forecast period. On the basis of a geographical region, the market can be segregated into North America, Europe, Asia Pacific and Rest of World. North America is expected to capture maximum revenue over the forecast period owing to increasing cases of diabetes in North America coupled with technological advancement that is happening in this area. Europe is expected to capture second largest revenue over the forecast period. Asia Pacific is expected to grow rapidly over the forecast period owing to increasing aging population coupled with increasing consumer awareness about these devices.

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Some of the key players in the market are as follows Roche, Abbott, Siemens Healthcare Diagnostics, Nova Biomedical Corp, Animas Corporation, M-Biotech, LifeScan, AgaMatrix, Medtronic Diabetes and others. In present years, carbon nanotubes have got extensive attention as capable carbon-based nanoelectronic equipment owing to their exceptional chemical, physical and electrical properties, specifically a soaring surface-to-volume proportion, their superior electron transfer properties, and their soaring thermal conductivity, carbon nanotubes are being utilized efficiently as electrochemical sensors. The incorporation of carbon nanotubes as a functional group offers a solid and good support for the control of enzymes and their integration with glucose biosensors offers a quick detection rate and high accuracy. A number of R&D initiatives are being taken by active players in the market to capture maximum revenue and thus offer that devices which are highly précised.

Market Segment:

Glucose Biosensors End-use Outlook (Revenue, USD Million, 2012 - 2022)

        • Hospitals

        • Homecare Diagnostics

        • Others

Biosensors Regional Outlook (Revenue, USD Million, 2012 - 2022)

        • North America

            • U.S.

            • Canada

        • Europe

            • UK

            • Germany

        • Asia Pacific

            • China

            • India

        • Latin America

            • Brazil

            • Mexico

        • MEA

            • South Africa

        • Saudi Arabia

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Medical Device Coatings Market Overview, Challenges, Opportunities And Top Key Players till 2025

June 23, 2021: Development in the design of medical devices such as guidewires, catheters and stents has enhanced the quality of medical concern to a big extent. However, these equipments are prepared by materials which when approaching a contact with the exterior environment can source undesirable difficulties such as blood clots, bacterial infection, and tissue trauma. Medical device coating is being utilized to lessen such shortcomings. Medical device coating skill utilizes UV curing or an organic solvent for the function of coating the medical equipment. Water-based or dry formulations are utilized as coating technology which facilitates solvent free dispensation.

The medical equipment coatings market is determined by growing healthcare consciousness in developing and developed countries coupled with growing demand for enhanced healthcare & medical facilities. Medical device or equipment coatings are being utilized for wear & tear, to counter microbial growth and avoidance of infection by medical devices. Moreover, major foreign investment in the medical equipment industry in China coupled with compassionate governmental policies and regulations is expected to drive requirement of medical equipment or device coatings.

Growing requirement of nanotechnology supported coatings is projected to provide superior opportunities for industry growth over the forecast period. Though, instability in a cost of raw materials coupled with severe governmental policy and regulations is expected to obstruct market growth over the forecast period. Medical device or equipment coatings assist in plummeting the roughness between tissues and medical devices, wetting, wear-resistance, uniform adhesion, offers surface coverage and coating homogeneity. Growing awareness about modestly persistent surgeries amongst the patients is expected to drive the worldwide medical device coating industry. In addition to which, expansion prospect in medical industries coupled with budding economies is expected to drive the worldwide market for medical device coatings to some level over the forecast period. Growing people anxiety towards wellbeing and health coupled with growing disposable earnings is however expected to augment the demand for enhanced medical facilities over the forecast period. Moreover, shifting government regulation for medical devices around diverse countries may obstruct the expansion of medical device coating industry to some extent.

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The occurrence of epidemics is growing at an upsetting rate. The high occurrence of chronic sickness, increasing awareness about cleanliness, and growing worldwide population are critical reasons that are expected to fuel the demand of medical device or equipment coatings market globally. While the development prospects of the industry seem very capable, execution of severe government regulations and unstable raw material prices may obstruct the market expansion to a level over the forecast period. On the basis of formulation of medical device coatings, the market can be segregated into dry lubricant coatings, super-hydrophilic coatings, and adhesive coating.

Dry Lubricant coating is expected to capture maximum market share over the forecast period owing to its extensive use over the forecast period. The super-hydrophilic medical device coating is accepted to grow at a very fast rate over the forecast period owing to increasing demand for such devices which demands great optical clarity coupled with excellent water attraction. On the basis of a type, the market can be segregated into Drug-eluting coatings, Hydrophilic coatings, and Anti-microbial coatings. Antimicrobial coatings are expected to capture maximum profit over the forecast period owing to their huge demand in medical and healthcare industry. The drug-eluting coating is expected to capture the second largest revenue over the forecast period owing to their capability of slow releasing of drugs for removal of blockages in veins or arteries.

Hydrophilic coatings are expected to be the fastest growing section over the forecast period owing to their capability of providing smooth lubrication when they are in touch with human tissue. On the basis of their utilization over medical industry, the market can be segregated into orthopaedics, neurology, surgery, gynecology, cardiology, ophthalmology, dentistry and others. Cardiology is expected to capture maximum revenue over the forecast period owing to their extensive use in various instruments such as angioplasty, balloon catheters, occlusion devices, percutaneous devices, coronary stents, guide wires, and others.

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On the basis of a geographical region, the market can be segregated into Asia Pacific, North America, Europe and Rest of World. North America is expected to capture maximum market share in terms of revenue over the forecast period owing to the US which is expected to be the huge market for medical device coating. Asia Pacific is expected to grow rapidly over the forecast period owing to developing market of India and China. Superior growth outlook in the medical & healthcare industry has pressurized many multinational companies to endow more in the budding market of Asia Pacific. Europe is expected to be the second-largest market in terms of revenue Some of the key players in the market are Sono-Tek Corp, Royal DSM N.V., Parlex Corp, TheraSyn Pharmaceuticals Inc., N8 Medical Inc, Hydromer Inc., Abbott Laboratories, Materion Corp., Surmodics Inc., AST Products, Precision Coating Company Inc., Kane Biotech Inc. and Specialty Coating Systems Inc.

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million;2014 - 2025)

        • Hydrophilic coatings

        • Antimicrobial coatings

        • Drug-eluting coatings

        • Anti-thrombogenic coatings

        • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million;2014 - 2025)

        • Neurology

        • Orthopedics

        • General surgery

        • Cardiovascular

        • Dentistry

        • Gynecology

        • Others

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

        • North America

            • U.S.

        • Europe

            • Germany

        • Asia Pacific

            • China

            • India

        • Central & South America

            • Brazil

        • Middle East & Africa

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Asia Pacific Thermoplastic Elastomers Market Segmentation, Statistical Forecast and Competitive Analysis Report till 2022

June 22, 2021: Asia Pacific thermoplastic elastomers market size was USD 4.63 billion in 2014 and is anticipated to reach over USD 7.82 billion by 2022. It is expected to witness substantial growth over the forecast period owing to growing automotive manufacturing in countries such as India, China, Indonesia and Thailand. The introduction of government policies that support investment along with private players emphasizing on enhancing technologies is anticipated to further fuel market demand.

TPEs have superior properties such as moisture resistance, excellent elasticity and flexibility and tactile grip and hence are widely used in automotive components. Demand from other industries such as footwear, medical devices, and electronics is expected to remain a key driving factor for growth over the forecast period. Growth in demand is expected owing to the ease of recycling and processing with negligible emission is anticipated to result in higher demand. They have replaced thermosets in varied applications including medical devices and electronic components. TPE are gaining prominence mainly on account of the high degree of purity, low level of extractable compounds, cost effectiveness and recycling ability. They are popularly known as an ideal substitute for latex and PVC owing to above-mentioned factors.

Block copolymers and ionomers are the major raw materials for manufacturing TPE. Block copolymer process utilizes SBS rubber (styrene-butadiene-styrene) formed by combining a long block of polybutadiene with a short block of polystyrene where as ionomer process includes copolymers of ethylene and methacrylic acid. Increasing disposable income, rapid industrialization, and economic progress has progressively fostered automotive, electronics and consumer goods sectors, resulting in higher demand for component manufacturing end-uses. This aspect is likely to boost market growth, especially in India and China.

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Improvement in the production process has propelled demand for biodegradable and recyclable TPE producing less scrap material. Additionally, packaging application segment is expected to witness exponential growth owing to increasing demand for transparent product packaging in different markets including consumer goods, electronics and medical applications. Other growing industries are projected to boost thermoplastic elastomers in personal care products, footwear, wire and cable, clothing applications and sports and leisure equipment.

Market players may have to confront major barriers to substitute rubber materials. Key companies are gradually undertaking new product development and innovation to allow entry into new marketplaces where rubber remains the dominant most applications.

Product Insights

SBC accounted for 50% of the overall volume and emerged as the largest application segment in 2014. Demand for hydrogenated SBC is catching momentum in sealants, adhesives,  coatings, films and coating applications on account of its superior pressure sensitivity. Rising demand from applications including footwear, advanced materials and paving & roofing is expected to further improve industry growth over the forecast period.

TPO finds its widespread applications in automotive industry such as fascia systems, instrument panels and bumpers. It emerged as the second most consumed product in the market. Key automotive OEMs are increasingly adopting plastics in automotive components as a substitute for alloys and metals in order to reduce weight, improve structural strength and gain chemical resistance.

TPV is estimated to experience the highest growth at a CAGR of 7.4% over the forecast period amongst all products from 2015 to 2022. TPV is broadly used in fluid handling, consumer good sand automotive applications. Growing usage of TPV in the automotive sector, such as interiors and under the hood components, on account of its high oil and heat resistance, is anticipated to be an important driving factor for market growth over the forecast period. TPU is mostly used in construction, hose & tubing, wire & cables and automotive. Its superior thermal insulation and acoustic properties, when compared to thermoset PU, plays a vital role contributing toits consumption in the above-mentioned applications.

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China TPE market was the market leader in Asia Pacific with an estimated revenue exceeding USD 2 billion in 2014. The market in the region experiences a high demand for TPU and TPV in automotive and medical applications respectively. Thermoplastics consumption in automotive applications is used as an alternative to alloys and metals owing to favourable government policies. In addition, increasing production of passenger cars is anticipated to further augment the regional market demand from 2015 to 2022.

In 2014, Japan constituted for approximately 20% of the overall market share by volume. The market in the region is identified by supportive regulatory regulation spertaining to plastic usage in automotive component applications. In addition, automotive OEMs are dynamically implementing thermoplastics as a substitute for metals to make available automobiles with improved performance and fuel efficiency simultaneously reducing total curb weight of the automobile.

In 2014, India contributed to over 10% of the overall market volume. Favourable manufacturing conditions including cheap raw material, availability of skilled labour and low capital investment have resulted in many global automotive OEMs preferring their production bases to shift to India thus benefitting small scale TPE manufacturers in terms of supply and demand.

Competitive Insights

The market is fragmented with numerous players including BASF, DuPont, Arkema, Huntsman Corporation, Dow Chemical Co. Other key participants include Bayer Material Science, Advanced Elastomer Systems L.P., EMS Group, China Petroleum & Chemical Corporation, Dynasol Elastomer LLC, Kraton Polymer LLC, Evonik Industries, LG Chemicals, LyondellBasell Industries, LCY Chemical Corporation,Lubrizol Corporation, PolyOne Corporation, Nippon Polyurethane Industry Company Ltd, Teknor APEX Company, Kraiburg TPE,TSRC Corporation, Polymax TPE and RTP Company.

Market Segment:

Asia Pacific Thermoplastic Elastomers (TPE) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

        • Styrenic block copolymers (SBC)

        • Thermoplastic polyurethane (TPU)

        • Thermoplastic polyolefins (TPO)

        • Thermoplastic vulcanizates (TPV)

        • Copolyester elastomers (COPE)

        • Others

Asia Pacific Thermoplastic Elastomers (TPE) Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2022)

        • China

        • India

        • Japan

        • Rest of Asia Pacific (RoAPAC)

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Knowledge Process Outsourcing (KPO) Market Top Key Players Update, Business Statistics and Research Methodology till 2025

June 22, 2021: The global Knowledge Process Outsourcing (KPO) market size was valued at USD 28.94 billion in 2016 and is anticipated to reach USD 124.29 billion by 2025. The huge availability of data is one of the key factors that have enabled the growth as it needs to be analyzed and processed. The KPO market also observed the transformation of the market into a consultative model. Though, rules set by several governments regarding compliance and legal clauses are one of the major challenges faced by the global KPO market.

With global perceptions on outsourcing business activities, companies are looking for more specialist and analytical expertise, hence KPOs are seen to be gradually fulfilling such requirement of enterprises that are keen to outsource third party service providers. With competitive market scenario and increasing globalization the time for commercialization of services and products are thinning down. For example, in BFSI capital markets, with the modification in demand for complex global products, investment managers are needed for making faster strategic decisions. This has driven the demand for middle office outsourcing as it has improved from cost driven abilities to strategic platforms, thus letting investment managers to perform business strategies easily.

With respect to end users, the global market for KPO is segmented into Healthcare, BFSI, and Retail. Healthcare sector is the fastest growing segments in the outsourcing for knowledge intensive services. Bio-tech and pharmaceutical are the sub industries of healthcare segment for drug discovery and clinical research. Types of services carried out by KPO include consultancy, research and development, legal and medical services, intellectual property research for patent applications, market research, business research, and training.

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Geographically the global market for KPO is segmented into North America, Asia Pacific, Middle East and Asia, Europe and Latin America. Emerging economies such as Latin America and Asia Pacific have been able to appeal KPO service providers owing to the advantages such as favorable business environment, availability of trained professionals combined with high productivity, and low labor costs. These advantages are not prevailing in developed countries, and as a result, many companies are setting up businesses in developing markets.

The future forecasts for KPO in India are immense as KPO is applicable to several industry sectors in which India’s technically educated professionals and highly skilled workers have developed particularized expertise. These sectors include engineering, law, education, publishing, media, entertainment, industrial machinery, textiles, automotive, aerospace, software, electronics, insurance, biotechnology, healthcare, pharmaceuticals, and finance.

Although India has traditionally been a KPO destination for Australian, British and North American companies, a growing number of European companies are looking to Eastern Europe, especially the Baltic countries, to satisfy their KPO needs. Several U.S. businesses have already made successful ventures into the KPO field in India to leverage India’s knowledge class including Caterpiller, General Motors, Ford, United Airlines, Morgan Stanley, Reuters, Goldman Sachs, McKinsey, Citigroup, JP Morgan, Motorola, Philips, Sun Microsystems, Texas Instruments, Cisco, Oracle, Intel, Microsoft, HP, IBM, and GE. In the pharmaceutical industry, global pharmaceutical firms such as Eli Lilly, GlaxoSmithKline, AstraZeneca, Novartis, and Pfizer have moved part of their clinical drug testing to India to tap India’s diverse and vast population of highly skilled and low wage demanding labors. This can considerably accelerate the time to market for new drugs, and offers potential cost savings of up to 50.0 % relative to the U.S.

The key vendors for global KPO market include Wipro, RR Donnelley & Sons, Genpact, Mphasis, while other prominent vendors include Cognizant, Adventity, Syntel, The smart cube, Mu Sigma, Aranca, Accenture, EXL Services, Inductis, Infosys, McKinsey, Pangea3, Pulsar knowledge center, Oracle, SAP, TechBooks, Grail Research, Moody's, TCS, WNS, EXL Service, Pipal Research, RocSearch, and IP Pro.

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Genpact are a global leader in digitally powered business process management and services. They architect the Lean Digital enterprise through their patented Smart Enterprise Processes framework that reimagines their clients operating models end-to-end, including the back and middle offices. This creates intelligent operations that help in transforming, designing and running. The impact on clients is a high return on investments through business agility, growth and efficiency.

Market Segment:

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

        • Analytics & Market Research

        • Customer & Marketing Analytics

        • Operations & Supply Chain Analytics

        • Competitive Intelligence & Industry Analysis

        • Engineering & Design

        • Financial Process Outsourcing

        • Legal Process Outsourcing

        • Publishing Outsourcing

        • Research & Development Outsourcing

        • Others

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

        • BFSI

        • Healthcare

        • IT & Telecom

        • Manufacturing

        • Pharmaceutical

        • Retail

        • Others

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

        • North America

            • U.S.

            • Canada

        • Europe

            • Germany

            • UK

        • Asia Pacific

            • China

            • India

            • Philippines

        • Latin America

            • Brazil

        • Middle East & Africa

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Automotive NVH Materials Market Segmentation, Statistical Forecast and Competitive Analysis Report till 2025

June 22, 2021: The global automotive noise, vibration and harshness (NVH) materials market size was estimated at USD 8.02 billion in 2015 and is expected to reach USD 13.09 billion by 2025. This market can be directly linked to the increased demand for automotive. Asia Pacific captures approximately more than 50% of the global automotive NVH materials which leads to huge growth in demand for cars in China, South Korea, India and other Asia Pacific countries. The expected rises in investments in this sector followed by rise in standard of living are some other key factors for the growth in this sector. Influences in buying decision, boom in automotive industry are the other secondary factors which are expected to directly impact the growth in this sector.

The entire market for automotive NVH materials is segmented based on applications, material types, vehicles types, region, forecast revenue growth, and analysis of trends in each of the sub markets. The application segment is divided into absorption and insulation. Absorption is expected to capture the largest pie in terms of market share from application segment followed by insulation.

The materials for absorption are produced by using various thermoplastic polymers, rubbers and engineering raisins. Various types of rubbers such as synthetic rubbers, EPDM and NBR are being used by manufacturers for fabrication purposes to the various parts of automobiles to control the dampened vibrations as experienced by the end users of the vehicles. Besides rubbers have excellent physical properties such as high density, vibration absorption properties, high heat, and weather resistance which makes these combinations an ideal material for NVH. Another NVH material used in the absorption application is Polyurethane foam sheet because of similar properties. So it can be inferred that because of the unique physical and chemical properties of rubber and related materials used in absorption application is the key to have the largest market share of NVH materials market.

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On the basis of material types, the market for NVH materials is divided into rubbers, thermoplastic materials and engineering raisins. On the basis of car types the NVH materials market is divided into cars, buses, heavy commercial vehicles and light commercial vehicles. Cars segment enjoyed the largest market of automotive NVH materials in 2014. The demand for automotive NVH materials can be directly linked to the demand of various automobiles. Based on the past trends and usage experience by the end users heavy weight commercial vehicles are expected to be the fastest growing sector by vehicle type during the upcoming forecast period. It can be inferred that the key drivers to this growth is heavy usage of these vehicles in transportation of those goods which are bulk and heavy in nature.

It is observed that there is an increase in the infrastructure projects such as houses, commercial buildings in the emerging markets and developing nations such as China, India, and Brazil. Therefore, the demand for construction materials has been increased to many folds so in order to transport these raw materials for bulk supply. This demand is directly proportional to the usage of HCVs. So this trend has increased the demand for heavy weight commercial vehicles in these countries and which subsequently lead to the increase in the demand for automotive NVH materials. So it can be concluded that the upcoming infrastructure projects across the glove are charting a big path for the huge growth of HCV which will eventually create a huge market potential for automotive NVH materials.

On the basis of geography, the automotive NVH materials market is segmented into North America, Europe, Asia-Pacific, and rest of the world (RoW). Each region is further divided by leading countries such as the U.S, Canada, Mexico, China, Japan, South Korea, India, Germany, France, the U.K, Turkey, Brazil and other countries.

Under Asia-Pacific region, the key contributing countries are China, Japan, South Korea, and India. These countries make Asia – Pacific region to capture the largest market share geography wise. This is because these countries have undergone major developments in infrastructure sector which can be directly linked with the demand for HCV transportation followed by the consecutive demand for automotive NVH materials. The Asia-Pacific market captured the largest pie and dominated the global automotive NVH market. Not only with huge investments in the automotive industry and heavy advancements in the technological developments Asia-Pacific region is expected to remain the number one in terms of market share, volume and by revenue till 2020 but also Asia-Pacific region wise is expected to be one of the fastest-growing market for automotive NVH materials. This high growth factor is mainly due to growing automotive market and increase in domestic demand in the countries such as China, India, South Korea and Japan.

China mainly dominated the NVM materials market from the Asia – Pacific region. It is immediately followed by the U.S. It is expected that India will surpass South Korea and Japan in automotive NVH materials in the near future as India is at present the fastest growing market. From the growth trends it can be inferred that international companies manufacturing automotive NVH materials will find it reasonable to invest in the Asia – Pacific region due to lower cost in production and availability of cheap and skilled labors. But to every pro there are a few cons. A few restraint factors have been identified for this market which can have a direct impact on the growth factors. Presence of active noise control system is being used by many automotive manufacturers to control noise. So in this situation the NHV materials demand is expected to decline at a sharp rate. Active noise control system acts as a threat to substitute to NVH materials. Other threat to substitutes which restrain the demand for NVH materials are usage of metals and alloys which reduced the dampening effect of NVH

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The key leaders in the automotive NVH materials market are ExxonMobil Chemical Company from the U.S., Mitsui Chemicals Inc. from Japan, The DoW Chemical Company the U.S., Celanese Corporation from the U.S., 3M Co. from the U.S., Covestro from Germany, Borgers AG from Germany, BASF SE from Germany, Lanxess AG from the U.S. and Huntsman Corporation from the U.S.

Market Segmentation

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

    • Molded Rubber

    • Metal Laminates

    • Foam Laminates

    • Molded Foam

    • Engineering Resins

    • Others

Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Absorption

    • Damping

End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Cars

    • LCVs

    • HCVs

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

    • North America

        • U.S.

    • Europe

        • Germany

        • U.K

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Rest of the World

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com