Injectable Drug Delivery Market Growth Opportunities and Key Drivers 2013-2024

The Global Injectable Drug Delivery Market is expected to reach USD 931.1 billion by 2024, according to a new report by Grand View Research, Inc. The increase in number of chronic diseases like diabetes and cancer has fuelled the need for injectable drug delivery. Unlike other traditional forms of drug delivery, injectable allow maximum bioavailability of the pharmaceutical drug as it bypasses the first pass metabolism. With substantial growth in technological advancements, the devices being manufactured and marketed are built so as to cater to the specific needs of the patients.
 
With the advent of self-injection devices, injectable drugs can be self-administered without the need of medical assistance. A large number of technology-oriented developments have taken place in the biologics market, which further increases the applicability of these injectable devices in the challenging disease areas. Self-injection devices have allowed patients suffering from diabetes to manage insulin levels with auto-injectors, pen-injectors, and needle-free injectors; thus, the homecare segment has been a large grosser in the end-user application.
 
The major restraints in this market are injuries and infections caused by needles, ambiguities related to regulatory reimbursements, sterility of the injectable drugs, and the preference of other drug delivery systems that possess less toxicity and are easy to administer. Despite these restraints, the market potential for injectable drug delivery products is tremendous with majority of the key players opting to injectable over other forms of delivery. The injectable drug delivery industry, based on product type is segmented into two sub-types namely self-injection devices and conventional injection devices. Further, on the basis of therapeutic use, the injectable drug delivery industry is segmented into autoimmune disorders, hormonal disorders, oncology, and others.
 
The injectable drug delivery industry by end-user application is categorized into hospitals, homecare settings, and others including research establishments, diagnostics, and clinical laboratories.
 
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Further key findings from the study suggest:

• North America is expected to lead the market for injectable drug delivery devices with the largest number of patients suffering from chronic diseases like diabetes and cancer along with autoimmune disorders. The reason why countries in North America are leading is due to the technological innovations and advanced research in the area that enable them to excel at designing new and improved drug delivery products.
• The Asia Pacific market is set to lead exceptionally well owing to the partnerships with other well established global players. This region has also witnessed enormous investments in research and development; thus, accelerating the growth of the injectable market in this region.
• The homecare settings has been the most profit garnering segment with a large cohort of patients suffering from chronic diseases and hence the resultant high utility of these devices at a primary level for better control and management of the disease.
• Some key market players include Pfizer, Inc., Schott AG, Becton, Dickinson and Company, Baxter International, Inc., and ELI Lilly & Co.

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Grand View Research has segmented the global injectable drug delivery market on the basis of device type, therapeutic use, formulation, end-user application, and region:
 
Injectable Drug Delivery by Type Outlook (Revenue, USD Million, 2013 - 2024)

• Devices
  • Self- injection devices
  • Conventional injection devices
• Formulation
• Conventional Drug Delivery
• Novel Drug Delivery
• Others

Injectable Drug Delivery Therapeutic Use Outlook (Revenue, USD Million, 2013 - 2024)

• Autoimmune disorders
• Hormonal disorders
• Oncology
• Others

Injectable Drug Delivery Devices End-User Application Outlook (Revenue, USD Million, 2013 - 2024)

• Hospitals
• Homecare Settings
• Others

Injectable Drug Delivery Devices Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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Industrial Valve Market Global Analysis 2012 and Forecast up to 2022

Industry Insights
The Global Industrial Valves Market size was estimated at USD 58.31 billion in 2014. Rising automation on account of increased industrialization and expansion of existing facilities are projected to drive the market over the forecast period. Growing demand for flow control equipment is expected to favourably impact market growth. Smart valves with intelligent control systems are expected to gain significant importance which is expected to expedite their development.
 
Increased adoption of diagnostics and smart technology in industrial valves for monitoring process variables which include upstream & downstream pressure stem position, temperature, and the flow rate is expected to fuel demand over the next seven years.
Advancement of smart valves with integrated embedded processor and network capability for subsea oil & gas has increased the reliability and responsiveness of the systems, which is expected to be a high impact rendering driver.

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Growing production and exploration spending in oil & gas industry have spurred the demand owing to technological innovations, enabling access to resources in deep waters or unusual reservoirs such as high temperature, high-pressure, under-pressured, and unconventional or depleted reservoirs.

Increased pipeline installations and growth in unconventional oil & gas applications across downstream segment is expected to induce substantial growth prospects for the industrial valves market. Growing prominence of automation in process industry has led to the increment in the demand for automated control valves.

Some factors which may hinder growth included emoting of coal usage and shutdowns of conventional coal-fired plants. Fluctuations in the raw material prices may reduce the usage and adoption of the technology. Additionally, compliance with stringent government regulations for conventional power plants may hamper industry growth. 
 
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Product Insights
The industry can be categorized by product into ball, butterfly, gate, globe, and check valves. Ball valves accounted for over 19% of the revenue share in 2014. These valves are primarily used for flow control and situations where tight shut-off is required. The technology assists in circulating systems on ships, chlorine manufacturers, and fire safe protection services.
The demand for butterfly valves has witnessed a considerable rise in the recent years owing to its evolving usage in the oil & gas industry. The increase in exploration & up gradation activities due to substantial investments in pipelines and refineries in the oil & gas industry are estimated to fuel demand.
Check valves’ demand is anticipated to witness a steady growth, with a CAGR of over 7% over the next seven years. These valves are unidirectional and avoid the process flow from returning to the system, thereby preventing it from damaging the equipment and disrupting the process. Increasing automation and requirements for controlling fluid flow in refineries have positively impacted the demand across industries.

Application Insights
Application sectors analysed in the study include oil & gas, power, pharmaceutical, municipal wastewater, chemical, and food & beverage. Oil &gas segment accounted for over 21% of the overall revenue share in 2014. Increasing demand for deeper wells, longer pipelines and lower production costs along with the technological enhancement of processing, production and transportation have contributed to the industrial valves market growth. Moreover, increasing pipeline installations and the need for monitoring & controlling from centralized location has propelled the smart valves production and demand in the industry.
Water &wastewater application is expected to witness significant growth, growing at a CAGR of close to 6%over the forecast period. Growing population and urbanization are expected to drive the adoption. Increasing need for isolating the pumps & equipment and for controlling the flow of wastewater and municipal water treatment is also expected to play a major role in increasing industry penetration.

Regional Insights
Asia Pacific industrial valves market was over USD 20 billion in 2014. The escalating construction activities and booming consumption of chemicals are anticipated to positively impact production across the region. Furthermore, growing construction of new nuclear power stations and capacity expansions in petroleum refining plants are also expected to drive the demand. For instance, China is projected to invest in the construction of new coal-fired and scrubbers power plants.
North America industrial valves market is expected to offer a huge platform for potential growth. Growing production of oil sands and shale gas offers great potential for growth across this region. The replacement of old and inefficient valves with more efficient valves for gas transportation in midstream infrastructure is anticipated to boost the overall valves demand.
The U.S. market is undergoing a revolution in the production of oil & gas from shale gas, and the developments have led the high investments in exploration and production in North America. The increasing trend for electricity generation from renewable sources of energy is expected to strengthen market potential.
Europe industrial valves market demand was over USD 12 billion in 2014 and is anticipated to witness slower growth as compared to other regions. However, with the development of offshore sites and growing demand originating from Russia in the midstream segment of oil & gas, the demand for valves is expected to witness an increase across the region over the forecast period.

Competitive Market Share Insights
Companies dominating industrial valves market share include Flowserve Corporation, Kitz Corp., Curtiss-Wright Corp., Emerson Electric, KSB AG and Pentair PLC. The valves manufacturers are anticipated to enhance their productivity either through developing new products or by replacing them with efficient goods.
Other potential players include CIRCOR International, Cameron International, AlfaLaval AB, AVK Group, Camtech Manufacturing FZCO, Delta-Pacific Valves Ltd., Goodwin PLC, GWC Valve International Inc., and Watts Water Technologies, Inc.
 
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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Industrial Robotics Industry Analysis 2013 Growth Opportunities and Forecast to 2020

The Global Industrial Robotics Industry was estimated at USD 25.68 billion in 2013 and is expected to reach USD 40.00 billion by 2020 owing to increased number of deployments in the manufacturing sector to simplify complexities and enhance productivity. Industrial robots are being increasingly used to simplify business activities including marketing, designing, selling, building, installing, maintaining and operating.

An increased emphasis has been laid on productivity index to sustain in the competitive environment of the manufacturing sector and achieve quality results is expected to drive the industrial robotics market. Increasing labour costs coupled with growing demand from automotive industry is anticipated to be a key driving factor in the industry.

Manual labour has eventually replaced with self-programming robots owing to the job efficiency and cost-effectiveness on account of their ability to sense environmental changes through integration of sophisticated sensors. Growing measures concerning safety rights of labourers are also expected to augment growth in the market.

Application of robots in non-automotive industries namely chemicals, food & beverages, electronics, and electrical have resulted in the development of new opportunities and prospects over the past few years. Increasing installation costs and lack of skilled labour are expected to pose a challenge for the companies.
 
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In 2013, automotive robots contributed to the highest market share by volume. The market is projected to gain prominence over the forecast period on account of technological advancements and integration of artificial intelligence. Increasing demand from heavy machinery and food processing industries are also expected to have a positive impact on growth over the coming years.

Asia Pacific accounted for the largest market in 2013 on account of substantial investments by organizations to expand globally. Countries including Korea, Japan, and China have experienced significant growth owing to supportive government programs involving tax incentivisation, investments in skill management, and R&D funding while Singapore, Taiwan, and India are anticipated to have a high potential for growth.

Rising production capacities in North America coupled with the modernization of factories are expected to result in an increasing number of robotic installations. Significant investment in robotics by automotive industry players in Europe is projected to augment demand over the forecast period.

The industrial robotics market encompasses numerous Japanese suppliers namely Denso, Motoman and Fanuc. Europe comprises of specialized industrial robotics establishments including Kuka and Comau along with prominent corporations including BAE and ABB Systems.

New entrants are expected to emphasize on a particular application and find ways to diversify to cope with high capital cost. Initiatives including “Blue Competence” sustainability initiative by Anlagenbaue.V. (VDMA) and VerbandDeutscherMaschinen, which aims at achieving environmental sustainability through technological modernization, is expected to propel growth in the coming years.
 
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Grand View Research has segmented the Global Industrial Robotics Market on the basis of application and region:
 
Industrial Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 - 2020)
    • Automotive
    • Electrical/Electronics
    • Metal/Heavy Machinery
    • Chemical, Rubber & Plastics
    • Food
    • Others
Industrial Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 - 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW
 
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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Industrial Enzymes Market Estimates and Forecast 2013-2024 by Region, Product, Application and End-use

The Global Industrial Enzymes Market is expected to reach USD 9.63 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing substitution of chemicals with industrial enzymes particularly in food & beverage and nutraceutical applications.

Growing applications of industrial enzymes for use in detergents and as ingredients in food processing industry is expected to fuel the demand. Proteases are extensively used in the detergent industry owing to its superior stain removal properties. However, the demand in the detergent application is expected to witness sluggish growth owing to market saturation.

Growing use of protease in bakery products is expected to drive market growth. Furthermore, increasing application scope of the product in nutraceutical industry as a digestive enzyme is expected to drive demand.

Technological advancements in the field of industrial enzymes have led to the use of the product as cleaning agents. The increasing use of enzymes or waste water treatment is also expected to drive the demand over the forecast period.
Neozymes, DSM, and Danisco dominated the global industrial enzymes market in 2015 with the industry being characterized by forward integration by manufacturers to distribution and end-use. Manufacturers such as DuPont and DSM manufacture industrial enzymes for specialized applications. The global industrial enzymes market is dominated by North America due to the presence of a large number of manufacturers in the U.S. and Canada.

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Further key findings from the report suggest:

• Industrial enzymes demand for lipases is expected to witness substantial growth, growing at over 8.0% from 2016 to 2024. Increasing demand for the product in food & beverage and textile industry is expected to augment growth over the forecast period.
• The feed additive enzymes are expected to be the fastest growing product segment, growing at over CAGR 9.0% from 2016 to 2024. The increasing use of enzymes as a protein source in animal feed is to improve performance in livestock which in turn is anticipated to drive demand over the projected period.
• Asia Pacific is expected to witness substantial growth, growing at a CAGR of over 10.0% from 2016 to 2024. Robust expansion in food processing industries particularly in Asia Pacific is expected to augment growth. Furthermore, the supportive regulations promoting the expansion of manufacturing industries is expected to have a positive impact on market growth.
• Europe accounted for over 29.0% of the market share in 2015 and is expected to witness significant growth owing to rising demand in pharmaceutical and textile industry. Stringent regulations prohibiting the use of toxic chemicals and catalysts in various applications is expected to positively impact market over the next eight years.
• Key players in the industry include BASF SE, Koninklijke DSM N.V, Novozymes A/S., Associated British Foods PLC E. I. Du Pont De Nemours and Company Adisseo France SaS, Dyadic International Incorporated CHR, Codexis Incorporated. Hansen Holding A/S, and Amano Enzyme Incorporated.

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Grand View Research has segmented the industrial enzymes market on the basis of product, application, end-use and region:

Industrial Enzymes Market Product Outlook (Revenue, USD Million, 2013 - 2024)

• Carbohydrase
• Proteases
• Lipases
• Polymerases & nucleases
• Others

Industrial Enzymes Market Application Outlook (Revenue, USD Million, 2013 - 2024)

• Technical
• Feed additive
• Food processing

Industrial Enzymes Market End-use Outlook (Revenue, USD Million, 2013 - 2024)

• Food & beverage
• Detergents
• Animal feed
• Textile
• Paper & pulp
• Nutraceutical
• Personal care & cosmetics
• Wastewater

Industrial Enzymes Market Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
• Germany
• UK
• France
• China
• India
• Japan
• Brazil
• South Africa
• Asia Pacific
• Latin America
• Middle East & Africa

 
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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Grand View Research, Inc
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N-Methyl-2-Pyrrolidone (NMP) Market Growth Opportunities and Emerging Trends 2016-2025

The Global N-Methyl-2-Pyrrolidone (NMP) Market is expected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region.
 
NMP is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fuelling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels.
 
Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals.
 
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Further key findings from the report suggest

• Globally, electronics and oil & gas application segments are expected to witness significant volume growth during the forecast period, growing at CAGRs of over 4% during the forecast period. This growth can be attributed to rapid growth from the end-use verticals such as petrochemical refineries, and electronics & telecommunication.
• Asia Pacific dominated the NMP market in 2015 with an estimated revenue of around USD 450 million, and is projected to grow significantly over the coming years owing to the increasing investments from the application industries. China is expected to witness an increase in demand and expected to be the largest consumer of petrochemical products owing to presence of large capacity manufacturing units and favourable export-oriented government policies. Russian oil company Transneft has constructed Eastern Siberia Pacific Ocean (ESPO) Pipeline which provides Russia an option to supply crude oil to China.
• Key participants in the N-Methyl-2-Pyrrolidone market include BASF SE, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Inc., among others. In recent years, new product developments have been the major growth strategy adopted by key market players for strengthening their market positions.

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Grand View Research has segmented the Global NMP Market on the basis of application and region:
 
NMP Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2025)

• Oil & gas
  • Butadiene recovery
  • BTX extraction
  • Lube oil purification
• Pharmaceuticals
• Solvent
• Penetration enhancer
• Solvent
• Photoresist stripper
• Electronics
• Paints & Coatings
• Agrochemicals
• Others

NMP Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2025)

• North America
  • U.S.
• Europe
• Germany
• UK
• China
• India
• Japan
• Brazil
• Asia Pacific
• Latin America
• Middle East & Africa

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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Speech Analytics Market Outlook 2016-2025 by Type, Region, End-Use, and Deployment

The Speech Analytics Market is expected to reach USD 1.64 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to witness a robust growth exceeding a CAGR of 10% over the forecast period. This growth is ascribed to the increasing emphasis by organizations on improving the market intelligence capabilities along with the growing prominence of voice in the multi-channel world.

The number of contact centers is increasing, resulting in industry players to innovate speech analytics solutions, which help companies understand the changing customer requirements. The technology has been increasingly adopted in consumer electronics devices, including laptops, smartphones, and tablets, as it significantly increases the enterprise’s scope as well as improves performance. This, in turn, has resulted in elevating adoption of speech analytics solutions worldwide. In addition, upcoming technologies, such as voice print authentication, are estimated to spur growth over the coming years.

Furthermore, the rising demand for risk management solutions and cloud analytics is also anticipated to favourably impact growth over the next nine years. These solutions offer several growth opportunities as this solution helps optimize performance and enhance customer experience. However, issues pertaining to lack of awareness and rise in cost may pose a challenge to the speech analytics market growth in the near future.

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Further key findings from the report suggest:

• The service segment is anticipated to grow at a CAGR exceeding 8.0% from 2016 to 2025, which is attributed to the wide product and solution portfolio offerings by service firms operating in the market.
• The cloud-based deployment segment captured over 25.0% of the total revenue share in 2015 and is anticipated to exhibit growth of over 9.0% from 2016 to 2025, primarily ascribed to the cost benefits and improved performance offered by cloud over the on-premise solutions, along with the increasing adoption of cloud analytics in contact centers.
• Speech analytics allows organizations to work on unstructured data obtained through customer interactions to enhance customer experience and gain a competitive advantage on account of which the small & medium-sized enterprise segment is expected to gain prominence over the forecast period.
• The telecommunication segment accounted for a significant market share in 2015, capturing over 15% of the entire revenue share in the same year, which is majorly due to the integration of speech analytics into enterprise systems to enhance efficiency as well as customer experience.
• Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 12.0% over the forecast period, which is mainly on account of rapid industrialization, and since, organizations have become more competitive and are focusing on better customer service. 

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Grand View Research has segmented the Speech Analytics Market on the basis of type, deployment, enterprise size, end-use, and region: 

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

• Solution
• Service

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

• On-premise
• Cloud

Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

• Small & Medium Enterprise
• Large Enterprise

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

• BFSI
• Telecommunication
• IT
• Retail
• Healthcare
• Government
• Hospitality
• Others

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

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• France
• China
• India
• Japan
• Brazil
• Mexico
• Saudi Arabia
• UAE
• Asia Pacific
• Latin America
• Middle East & Africa

 
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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Qualitative Analysis of Medical Electronics Market Opportunities, Technology Landscape, and Key Issues

The Global Medical Electronics Market is expected to reach USD 219.0 billion by 2024, according to a new report by Grand View Research. Technological advancements have boosted the applications of electronics in the fields of diagnostics, therapeutics, and wellness. Increasing geriatric population coupled with sedentary lifestyle contributes to chronic cardiovascular, gastrointestinal, and respiratory disorders.

Diagnostic applications of medical electronics are fueled due to growing awareness about healthcare amongst people. Population in developed countries opts for early diagnosis for effective treatment and cure. Increasing adoption of newer technology in diagnostics is expected to upsurge the market in future. 

Aging population creates need for critical care of long duration, thus increasing the demand for life-supporting devices, such as ventilators and dialysis devices. Growing number of accidents and permanent injuries also contribute to this upsurge. Improving healthcare facilities eases the procedures of reimbursements and related medical procedures even in developing countries.
Industry players are focused on the commercialization of new technologies and integrated systems. In August 2016, Siemens launched a new product, Sysmex CS-2500. It is a coagulation analyzer and has applications in diagnostics. 
 
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Further Key Findings from the Study Suggest:

• Rising prevalence of chronic diseases, such as neurodegenerative and cardiac diseases, creates a need for continuous patient monitoring. Constant development of technologies such as real-time audio/video feed, wireless communications, and remote patient monitoring proves to be a boon for chronic patients, especially those who prefer to receive treatment at home. All these factors are expected to act as a catalyst for the market growth over the forecast period.
• The largest application of medical electronics is in the field of diagnostics, especially imaging. Increasing importance of early disease diagnosis is promoting the growth of this segment. Magnetic resonance imaging is the most common method used, owing to the growing neurological and musculoskeletal disorders and the development of superconducting magnets.
• Ultrasound is projected to be the fastest-growing segment of medical imaging, owing to its applications in point-of-care and musculoskeletal diseases. Growing birth rate also contributes to the usage of ultrasound. Rising awareness coupled with government recommendations about periodic screening for cancer also contributes to this growth.
• Considering home healthcare medical electronics, device such as glucometer is used by diabetic patients owing to the ease of use of the device, and cost-effectiveness.
• The emphasis on preventive measure and early diagnosis rather than on treatment is driving the industry players to invest in remote, wireless, and minimally invasive equipment. This is predicted to set the trend of telehealth, self-monitoring, and home healthcare. In February 2016, Medtronic launched its first remote monitoring pacemaker in Canada. The data collected and interpreted is transmitted securely to the physician to make efficient treatment decisions.
• North America dominated the market owing to the presence of well-structured healthcare and reimbursement systems. High prevalence of chronic lifestyle diseases, growing awareness about the importance of early diagnosis, and acceptance of new technology contributed to the market growth in this region.
• Asia pacific is expected to emerge as the fastest growing region during the forecast period. The huge patient pool in Asia Pacific proves to be an attractive opportunity for companies to market their products in this region. Improving healthcare systems, high incidence rate of diseases and accidents, and stabilizing economies aid the market growth.
• Some key participants include EDDA technology, Inc., Philips healthcare, FUJIFILM Medical Systems, Hitachi High Technologies Corporation, Toshiba Medical Systems Corporation, McKesson Corporation, Vucomp, Hologic Inc., Siemens Healthcare and iCAD, Inc.
• The current trend of investing in development of new technologies is expected to benefit patients as well as practitioners. For instance, in March 2016, Maxim Integrated launched its new heart rate monitor integrated with pulse oximeter. This device helps in continuous monitoring and efficient treatment of cardiovascular patients.

 
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Grand View Research has segmented the medical electronics market by application:
 
Medical Electronics Market Application Outlook (Market revenue in USD Million, 2013 - 2024)

• Imaging
  • MRI Equipment
  • Computed Tomography (CT)
  • Nuclear imaging equipment
  • X-ray Devices
  • Ultrasound Systems
• Therapeutics
• Cardiac Rhythm Management (CRM)
• Dialysis
• Continuous Positive Airway Pressure (CPAP)
• Neuromodulation
• Others
• Patient monitoring
• Home Healthcare/Handheld products

Medical Electronics Market Regional Outlook (Market Revenue in USD Million, 2013 - 2024)

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• France
• Japan
• China
• India
• Brazil
• Mexico
• South Africa
• Asia Pacific
• Latin America
• Middle East and Africa

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
Contact:
Sherry James
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Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com