Mar 31, 2021: Industry Insights
The disposable medical sensors market size was valued at USD 5.1 billion in 2016 and it is anticipated to report USD 12.3 billion in 2025, with a growth rate of 10.2% CAGR. The primary reason for the sector to witness significant growth is due to the rising end-user demand from medical and pharmaceutical industries. Rising prevalence of infectious diseases, growing government initiatives towards innovating medical sensor products, and increasing awareness among people regarding benefits are the key drivers expected to propel the market growth over the forecast period. Few other factors such as growing adoption in the companies as a faster medical analysis technique, rising awareness regarding product low cost, and increasing need to restrict escalating healthcare related costs are anticipated to fuel the disposable medical sensors industry demand over the next seven years. However, rising need of clinical data requirement for the product development, and growing insufficient reimbursement policies for sensor devices are few factors projected to challenge the market and thus hindering its growth over the forecast period.
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The industry segmentation on the basis of technology includes pressure sensors, image sensors, accelerometers, biosensors and temperature sensors. Rising demand for constant diagnostic and monitoring devices including blood glucose monitors and cardiac pacemakers are the few dynamics likely to propel the biosensor segment market over the next seven years. The biosensors segment is thus anticipated to account for major market share by 2020.
On a contrary, rising need for sensors in domestic as well as in clinics applications for the treatment and diagnostic purposes are projected to drive the market growth over the next seven years. Increasing R&D endeavours with technological advancements has enabled the disposable medical sensor industry to witness advanced products including MEM sensor technology for detecting C - reactive protein, fibre optic technology, and cancer tracking sensors, which are anticipated to propel the market demand over the forecast period. Furthermore, the growing prevalence of long term and chronic diseases coupled with rising demand for patient diagnosis and monitoring has enabled the market to expect significant growth by 2020. The increasing adoption of strip and wearable medical sensors that help in continuous patient diagnosis is expected to open new opportunities in the industry, thus boosting the growth by 2020.
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Product Insights
The disposable medical sensors industry is majorly segmented by product into temperature sensors, biosensors, accelerometers, pressure sensors, and image sensors. Image sensor segment is projected to witness the fastest growth of more than 22% CAGR over the forecast period owing to rising awareness and acceptance of CMOS image sensors. On the other hand, biosensors are anticipated to account for the largest market share of more than 65% over the next seven years primarily due to the growing usage of endoscopy products such as camera pills and increasing need of endoscopic procedures for numerous medical operations.
The market is also bifurcated by placement of sensors into strip sensors, implantable sensors, invasive sensors, ingestible sensors, and wearable sensors. Strip sensors are anticipated to account for a major market share of more than 45% over the next seven years and thus reaching USD 2.94 billion by revenue in 2020. Strip sensor market is expected to witness a growth rate of more than 10% over the next seven years owing to rising diagnostic applications globally and growing awareness regarding disposable medical sensors cost effectiveness. In addition, increasing penetration of domestic healthcare medical sensor products coupled with home care glucose monitoring is also projected to fuel the sector growth over the next seven years.
Application Insights
The disposable medical sensor market is segmented by application into diagnostic testing devices, patient monitoring devices, therapeutic devices and imaging devices. In 2013, diagnostic testing devices application segment accounted for major market share and owing to rising prevalence of chronic disease coupled with increasing geriatric population base the segment is anticipated to witness similar trend by 2020. On the other hand, patient monitoring devices segment is projected to report the fastest growth over the forecast period majorly due to growing number of patients suffering from diabetes and cancer. The aforementioned factors are attributed to expect significant sector growth over the next seven years.
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Mar 12, 2021: Industry InsightsThe global animal feed enzymes market was estimated at USD 1.16 billion in 2015.
Existence of stringent food safety regulations on the usage of additives as well as strong livestock production are likely to boost the product consumption over the years ahead.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/animal-feed-enzymes-market/request-sampleCurrently ongoing trend of clean label ingredients in the U.S. that permit the use of additives used in food processing is likely to upsurge the requirement of microbial and natural feed enzymes in the future.
Companies such as Advanced Enzymes Technologies Ltd. are engaged in manufacturing and supplying an extensive product portfolio of carbohydrases and proteases under DigeGrain brand.Robust development of the animal fodder industry and increasing breeding and livestock farming activities in India, China and Brazil is estimated to foster the market growth in the future.
Substantial production activities of various livestock sectors including pigs, ruminant, aqua and poultry are likely to surge the requirement of dietary ingredients, which help in boosting the metabolism of livestock while keeping the nutritional and calorific content of the fodder unaltered.Read Complete Report With TOC @ https://www.millioninsights.com/industry-reports/animal-feed-enzymes-marketProduct InsightsCarbohydrates, proteases and phytases are the key product segments of the industry.
These products are used abundantly, due to their vital properties such as improvement of gut health, reduction of fodder costs and increase in the fodder efficiency.In terms of revenue, phytases accounted for 83.6% of the global industry in 2015.
Proteases category is expected to witness fastest growth and is likely to offer noteworthy opportunities in the global market.
The global urinalysis market size is expected to value at USD 2.14 billion by 2022.
Factors responsible for robust market growth of urinalysis industry include introduction of highly advanced diagnostic tools, increasing unmet clinical needs, and rising demand for cost-effective solutions.Urinalysis plays a vital role as a diagnostic tool for the analysis and management of target diseases such as urinary tract infection (UTI) disorders, kidney diseases, and diabetes.
Globally, the urinalysis market is predicted to grow at CAGR of 7.5% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/urinalysis-market-size/request-sampleGrowing prevalence of the target diseases such as urinary tract infection (UTI) disorders, kidney diseases, and diabetes, is considered as one of the prominent factor responsible for market growth, in the recent years.
Yet, development of advanced and cost-effective technique to carry out fast and highly precise diagnosis along with easy to use solutions for catering to the unmet clinical needs in the developing as well as underdeveloped economies are estimated to drive market growth in the upcoming years.The urinalysis market is broadly divided into two major typed based on product types such as instruments urinalysis and consumables.
The recent technological advancements in the instrument market segment coupled with development of novel products such as urine sediment analyzer, and microscopic urine analyzer are estimated to drive market growth over the forecast period.Additionally, introduction of fully automated urine strip readers and automated urine sediment analyzers like Uri-Sed mini and Uri-Sed two with the help of ElektronikaKft is considered as one of the prominent factors driving the growth of instruments market segments over the forecast period.
Increasing adoption of wireless technology for communication purposes coupled with development of miniaturized PoC urinalysis instruments are further expected to advance market growth in the upcoming years.Growing usage of technologically advanced, fast-acting, non-invasive, and easy to use tools for urinalysis are projected to stimulate market expansion of urinalysis industry in the near future.
Automotive and TransportThe global Agricultural Equipment Market was estimated at $124.2 billion in 2015.
New agricultural equipment is replacing the traditional tools owing to improved productivity and enhanced quality of the crop.The need of food is growing at a faster rate as the population is increasing, so the demand for new agricultural equipment is growing to match the requirement of food.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/agriculture-farm-equipment-marketInnovative technologies in the agriculture are increasing the quality & production per square feet for the agricultural products.
Manufacturers are focusing on integrating various new technologies such as robotic systems, Google Earth and GPS into existing machinery for tracking productivity and improving it.
The government also encourages the use of farming equipment by proving subsidies and offering lower rates to the farmers in emerging countries like India and China to adopt agricultural equipment.Equipment MarketOn the basis of Product: Tractors dominate the product category and is estimated to account over 20% of total revenue in 2015 after harvesters.
Tractors are the most efficient and effective equipment in the agricultural sector as they can perform several activities in the process of farming.
Harvesters are expected to grow at a CAGR of 5% through 2014-25.Other product segment includes thrasher, combine harvester, rotavator, Zero Till Seed Drill, Power Tiller, Multi Crop Planter, Drip Irrigation, Sprinkler Irrigation, Power Weeder, Power Spray.On The basis of Application: The products are divided as per the processes in farming such as Sowing & Planting Equipment, Land Development/Seed Bed Preparation/Tillage Equipment, Plant Protection Equipment, Water Inter Cultivation equipment, Agro Processing and Harvesting & Threshing.Threshing and Harvesting expect the fast growth of a CAGR over 6% through the forecast period.
28 January 2020 - With the ever increasing population and the demand for oil as the primary resource of energy, the global oilfield equipment market during the forecast period is expected to cover a market size of USD 97.34 billion in 2013.
The technology is gaining momentum as a result of offshore activities in Gulf of Mexico in North America and South China Sea spread across countries such as Vietnam, Thailand & China.
The improvement can be achieved with developing tools of higher efficiency so as to give better output with safer working environment.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/oilfield-equipment-marketThe Asia Pacific region significantly is the major prospect to improve the operations standard in energy supply with lower import rates.
The geopolitical reasons and the idea of sustainable planet can be one of the restraints for this industry to bloom with the lack of skilled workforce.Huge investment are being done in this segment to meet the demand of government rules.
The drift in thought of usage of green energy may impact the market growth over the forecast periodProduct InsightsProduct segment included in this report are pumping equipment’s, valves, drilling equipment, offshore and onshore equipment’s like coiled tube and other automated tools.
One of the major segment which is of main concern to the industry is waste management.View Full Report with TOC @ https://www.millioninsights.com/industry-reports/oilfield-equipment-market/request-sampleRegional InsightsCountries like U.S. and Canada in North America leads the segment due to energy demand and boom in shale gas development.
The global infectious disease diagnostics market was valued at USD 13.93 Billion in 2016 and projected to reach USD 19.35 Billion in 2022, at a CAGR of 5.6%.
The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2022.
Growth in this market is primarily driven by the increasing global prevalence of infectious diseases, shift in focus from centralized laboratories to decentralized point-of-care testing, and growth in funding for research on infectious disease diagnosticsDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116764589Global Market Segmentation:The market is broadly segmented into assays, kits, & reagents; instruments; and services & software based on product & service.
The assays, kits, & reagents segment accounted for the largest share of the global market and is expected to register the highest CAGR during the forecast period.
The increasing number of infectious disease diagnostic tests carried out; easy accessibility to a wide range of reagents; and the growing need for reliable, specific, and faster detection of infectious diseases in the early stages are the key factors driving the IDD assays, kits, & reagents market.Based on the disease type, the market is segmented into hepatitis, HIV, HAIs, CT/NG, HPV, TB, Influenza, and other diseases.
The hepatitis diagnostics segment accounted for the largest share of the global market in 2017.
