Fog Computing Market Business Strategies, Growth Rate And Forecast Report till 2025

June 25, 2021: The global fog computing market size was estimated at USD 9.33 million in 2016 and is anticipated to reach USD 617.3 million by 2025. Fog computing, also termed as “edge computing” or “fogging” in association with cloud emphasis helps in faster decision-making strictly with computations on cognizable data by deployment of fog nodes close to Internet of Things (IoT) aided devices, placed anywhere in the network trajectory either on a factory floor, top of a power pole or an oil rig, subject having connectivity, computational and storage imperatives.

The primary drivers for fog computing market are inundation of IoT devices with parallel IoT connectivity, subsequent growth in cloud computing market size and Machine to machine (M-M) connectivity. The factors driving the fog computing market size include computational power speed, increased operational efficiency and cost savings across all verticals in the industry.  By type, the fog computing market size spans hardware and software. Software further disintegrates into fog computing platform and customized application software. By Application, the fog computing market size comprises building and home automation, smart energy, smart manufacturing, transport and logistics, connected health, security and emergencies and others-smart environment and smart retail.

By geography, the market size extends to North America, Europe, Asia Pacific, MEA and Latin America. The increased dominance of the Fog Computing Market by Software is underscored by presence of majority of the players in cloud and IoT ecosystem and would benefit by leveraging the system architecture at platform and applications hierarchy.

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Being a software domain, the providers are not stranded with heavy capital investment as would be with hardware, thus boosting the market. The fog computing market by smart manufacturing application is in a transformative phase gravitating towards process automation in the manufacturing sector and IoT with machine-machine connectivity is a relatively untouched area for fog computing market to monitor machine operations in real-time. North America with importance ascribed to Internet of Things (IoT) and displaying economic prosperity is a growing market for fog computing market. Being one among the most technically advanced and developed nations, U.S. and Canada are prime motivators of fog computing market.

Fog networking supports the Internet of Everything concept wherein most of devices of daily-use will be interconnected with each other, with phones, connected vehicles, consumer appliances, virtual reality (VR) using Google glass as prime examples. Virtual Reality (VR) devices work under a 5K environment and at network edge with dynamic feeds (Google glass, tablets, phones) in a cloud/fog scenario to reduce latency times, improve audio/video compression ratios that catches camera feeds in multi-camera systems.

The key stakeholders in the market include IT infrastructure equipment providers, support infrastructure equipment providers, component providers, software providers, system integrators, network service providers, monitoring service providers, support service providers, professional service providers, distributors and resellers, cloud providers, collocation providers, enterprises and data center vendors, government and standardization bodies, telecom operators, healthcare organizations and financial organizations.

As per an article dated Aug 2016, the verdict goes that IoT or Internet of Things with fog computing drastically turns the tide in favor of the market by getting IoT devices closer to the edge, the only access point for increasing bandwidth and help the medical industry where limitations in internet speed and latency times of IoT are reasons for a sluggish demand of the devices in telemedicine.

Growth in IoT industry owes its success to cloud service providers and inimitable data centers but with connected devices like self-driving cars where a delay of nanoseconds end in mishaps with same going for telemedicine where lives rest on speed and accuracy, a slight delay could prove fatal.

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The key industry players spanning the fog computing market size include Microsoft, Cisco, Dell, Intel, Arm Holding, Fujitsu and Schneider Electric Software. PrismTech Corporation, Nebbiolo Technologies and Dell Corporation.

Market Segment:

Fog Computing Solution Outlook (Revenue, USD Thousand; 2016 - 2025)

        • Hardware

        • Software

Fog Computing Hardware Outlook (Revenue, USD Thousand; 2016 - 2025)

        • Gateways

        • Routers & switches

        • IP video cameras

        • Sensors

        • Micro data center

Fog Computing Application Outlook (Revenue, USD Thousand; 2016 - 2025)

        • Connected vehicles

        • Smart grids

        • Smart cities

        • Connected healthcare

        • Smart manufacturing

Fog Computing Regional Outlook (Revenue, USD Thousand; 2016 - 2025)

        • North America

            • U.S.

            • Canada

            • EMEA

            • Germany

            • UK

        • MEA

        • Asia Pacific

            • China

            • Japan

        • Latin America

            • Brazil

            • Mexico

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Human Machine Interface (HMI) Market Status, Share And Growth Factors Impact Analysis till 2022

June 24, 2021: The global Human Machine Interface (HMI) market is expected to reach $6.31 billion by 2022, owing to requirement of automation of complex industrial operations, improve productivity and efficiency.

Industrial processes have become more complex due to increase in competition and need to have competitive edge through product or service quality. Manufacturing industries are opting for automation to reduce the complexity of the operation process and to make to it cost effective. HMI software helps in industrial data management, integrated engineering, industrial communication and industrial security. Fully integrated automation has optimized the operation downtime, better performance due to interoperability of system tested components. The challenge in the HMI software and services marketplace is how suppliers can differentiate themselves and continue to offer increasing value propositions to end users and OEMs, especially in a slowing global economy. The market is extremely competitive and demand is expected to grow as many users recognize the benefits of HMI software.

Integration of Bluetooth and Wi-Fi in these products has improved device mobility, which is also anticipated to propel the demand over the forecast period. Evolution of industrial Internet of Things (IoT) has opened many opportunities. Advancement in technology will improve the process cycle time, make the process energy efficient and will provide data security. Smart HMI will give huge opportunities to the industries and is expected to have a positive impact on the demand.

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This market is segmented on the basis of software type and verticals. On the basis of software type it is segmented as HMI/client, software modules, and supervisory/server. On the basis of verticals, it is segmented as manufacturing, automotive oil & gas sector, and aerospace.

In manufacturing sector HMI helps in simultaneous view of real-time and historical data, configuration, colours, fonts, scales, limits, formats, grid lines and viewing orientation, and data gathering from different sources on the same trend. Software features include big picture views with drill down capabilities, ActiveX control and automation, configurability of new charts with auto-scale and auto-band, annotation with audit trail, and batch mode with time shifting to compare trends.

North America human machine interface market is expected to emerge as a dominant segment owing to early technology adoption. Further, the rise in a number of automation projects and increase in the labour cost is expected to play a key role in driving the regional demand over the forecast period.

Europe is expected to show relatively slow growth rate owing to European economies facing downturn due financial debt. The presence of major automotive industries such as BMW, Audi, and Volkswagen has maintained slightly positive sentiment for the market. The market is expected to show huge growth as and the economies revive.

Asia Pacific human machine interface market is anticipated rapid growth owing to growing industrialization. Additionally, availability of raw materials and low-cost labour may also catalyse regional demand. Countries like India, China and Japan are showing rapid economic growth which has increased the industrial automation in these economies.

Major companies present in this market are Advantech Co., Ltd., American Industrial Systems Inc., B-Scada, Inc., Elektrobit Corporation, Interlink Electronics, Inc., Panasonic Corporation, Schneider Electric Software, LLC, and Siemens AG

Companies in the market have adopted various strategic initiatives such as new product development, merger and acquisition, and partnerships and collaboration in order to have a competitive advantage and strong market share.

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In November 2014, Advantech Co., Ltd launched HMI/SCADA software with a HTML5 based business intelligence dashboard called WebAccess 8.0. This software can be operated by any HTML5 compatible browser. The Business Intelligent Dashboard analyses data and helps managers make decisions as to what to do and WebAccess 8.0 also provides developers with the tools to design their own widgets and applications and the integration of Microsoft Excel reports. Through HTML5, a limitless number of users, with varying access levels are able to read information and make changes from wherever they are using either the Internet or Intranet.

In May 2015, Siemens AG launched SPPA-T3000 R7.2 control system, it offers increased efficiency and effectiveness for power plant operators, easier and more simplified handling during day-to-day operation, and active support for control room staff in critical situations.

Market Segments

HMI Product Outlook (Revenue, USD Million, 2012 - 2022)

        • Display Terminals

        • Interface Software

        • Industrial PCs

HMI Application Outlook (Revenue, USD Million, 2012 - 2022)

        • Automotive

        • Healthcare

        • Food & Beverages

        • Oil & Gas

        • Packaging

        • Aerospace & Defense

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

        • North America

        • Europe

        • Asia Pacific

        • RoW

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Metamaterial Market Overview, Challenges, Opportunities And Top Key Players till 2025

June 24, 2021: The global metamaterials market size was estimated at USD 316.0 million in 2016 and is expected to reach USD 1.35 billion by 2025, with a CAGR of 17.8%. Metamaterials are widely used in telecommunication and medical field. These materials are artificial having electromagnetic properties that may not be found in nature. The rare properties of metamaterial have led to the development of metamaterial antennas, sensors and lenses for minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a sensitive response to the dielectric media, strain, biological sensing applications and chemicals.

Metamaterials are artificial engineered materials that provide unique advantages over other conventional substitutes owing to properties that are not readily found in nature. They gain their distinctive properties from the structure of the homogeneities infused in them. Due to these factors, metamaterials have a long list of lucrative applications including invisible super lens, cloaking devices, absorbers and flat antennas which are highly impossible with traditional materials that are found in nature.

The growing demand for graphene based metamaterials in medical field is estimated to drive the market growth over the forecast period. Need for implementing wireless telemetry systems in medical field is expected to increase significantly increased owing to necessity for early diagnosis of infections or diseases and continuous intensive care monitoring of physiological parameters. Sensors and microwave antennas are major components of telemetry systems since they provide communication between the base station and patient. Metamaterials show electromagnetic properties at frequencies which is expected to attract interests form physicist and microwave engineers. These factors are anticipated to drive the market growth and provide a potential base to metamaterials in the next seven years.

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The global metamaterials market is driven by surge in wireless mobile communication, to improve the efficiency of solar photovoltaic cells and increasing investments by venture capital firms in the market. Metamaterials absorb a wide range of light with exceptionally high efficiency, which is expected to generate optical sensors and solar cells. These metamaterials can be extremely thin, saving weight and cost.  Rising demand and awareness of benefits that solar cells provide to generate energy is expected to drive this technology. These materials can be extremely thin, saving both cost and weight.

Lack of inadequate customer awareness of metamaterials are expected to pose a major challenge to the global market. Technical difficulties coupled with high cost and time taken for development cycle can be attributed as major challenges to the growth of the global market.

Based on the metamaterial types, the global market is segmented into terahertz, acoustic, photonic, microwave and radio metamaterials, other types include infrared and ultraviolet metamaterials. Microwave and radio frequency electromagnetic metamaterials are expected to contribute the largest market share owing to increase in wireless broadband, mobile communications and technological advancements in communication infrastructure.

On the basis of product type. The market is segmented into super lens, antennas, absorbers and cloaking devices. Metamaterial antennas are expected to have the largest market share than other segments. They provide efficient performance and size, high tunable directivity, operational efficiency coupled with improved bandwidth and radiation. The fastest growing segment is attribute to cloaking devices. These devices are stealth technology that provides objects with wholly or partially invisible properties to the electromagnetic spectrum which are widely used in defense and aerospace.

Based on the application the global market can be segmented into medical, optic, sensing, radar, telecommunication and aerospace & defense. Radar and communication were the largest application segment in 2014 and are likely to dominate the market over the forecast period. Medical imaging is expected to grow at a significant growth rate owing to various innovations and product development in this field. Optics and sensing are expected to emerge as the fastest growing markets for metamaterials over the next seven years.

North America is expected to be the largest market for metamaterials owing to government research investments, particularly in communication infrastructure and defense sector. The intensity of active association between companies, universities and metamaterials technologies to develop various products for civilian use is estimated to drive the market demand in Asia pacific and Europe. Emerging economies such as Brazil, China, and India are highly investing in medical, defense and infrastructure to increase their economic development.

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Key players in the global market are Applied EM, Kymeta, Teraview, Plasmonics Inc., JEM Engineering and Microwave Measurement Systems LLC. Other industry participants include Harris Corporation, Newport Corp. and Photonic Lattice Inc. Applied EM introduced tiny form factor antennas that reliably perform at low voltages and also developed enhanced electromagnetic simulation tools using asymptotic computational techniques.

Market Segment:

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

        • Electromagnetic

        • Terahertz

        • Photonic

        • Tunable

        • Frequency Selective Surface

        • Non-linear

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

        • Antenna

        • Absorber

        • Superlens

        • Cloaking devices

        • Others

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

        • Aerospace & defense

        • Medical

        • Automotive

        • Consumer electronics

        • Energy & power

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

        • North America

            • U.S.

        • Europe

            • Germany

            • UK

        • Asia Pacific

            • China

            • India

            • Japan

        • Central & South America

            • Brazil

        • Middle East & Africa

            • South Africa

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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

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.

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Ryan Manuel

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Email: ryan@millioninsights.com

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

Get in touch

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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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Research Support Specialist, USA

Email: ryan@millioninsights.com

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

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