Veterinary Radiography System Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc. “Global Veterinary Radiography System Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global veterinary radiography system market was valued at US$ xx Mn in 2017, and is expected to reach US$ xx Mn by 2026, expanding at a CAGR of 6.5% from 2018 to 2026.

Browse the full report Veterinary Radiography System Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/veterinary-radiography-system-market

Market Insights

Veterinary radiography system is an important diagnostic technique used frequently in veterinary practice throughout the globe. Sedation is given while performing diagnosis to stable the animal and reduce its anxiety. Over the last 2 decades there has been a paradigm shift in animal imaging industry from conventional computed radiography to digital radiography. Medical device manufacturers are striving earnestly towards value addition by ensuring high shelf life of records, reduced image generation time and immediate interpretation. Digital images are transferred to remote locations by employing teleradiology. Pioneers such as Canon, Inc. and IDEXX Laboratories are developing digital radiography system that has excellent spatial resolution quality. Portable digital x-ray devices will be the latest trendsetter during the forecast period. Carestream Health is providing digital radiography systems which reduces the number of repeated x-rays taken for the same anatomical position and minimizes the time spent in routine maintenance.

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Analog x-ray are conventional radiography devices which employs CR cassette for image generation. They are known for its low cost and high degree of robustness & reliability in diagnosing large companion animals such as equine and bovine cattle. In the near future the digital x-ray devices are going to completely replace analog x-ray devices. The inherent features associated with digital x-ray devices are short image process time, excellent data archiving platform, flat panel detectors and less labor intensive while operating the device.

Computed radiography systems are preferred by veterinarians owing to its inherent features such as software based evaluation & reporting, less exposure and processing time and reusable imaging plates. Digital radiography will showcase excellent growth during the forecast period on account of excellent shelf life of record and increasing demand for Digital Imaging and Communication in Medicine (DICOM) software.

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In the present scenario North America is leading the veterinary radiography systems regional segment. Increasing number of animal diseases and infection and increasing awareness of preventive care in animals by American Veterinary Medical Association (AVMA) drive the market growth in North America. In Europe growing humanization and increased consideration of companion animals as family produces an inelastic demand for pet treatment and healthcare. Asia Pacific serves as a lucrative market on account of rising prevalence of zoonotic diseases and developing meat and dairy industry. Untapped market in remote areas of Latin America provides potential platform for key players to promote business expansion activity in the region.

The major players engaged in the manufacturing of radiography systems are Canon, Inc., Carestream Health, Fujifilm Holding Corporation, Heska Corporation, IDEXX Laboratories, iM3/Durr Medical, Philips Healthcare, Siemens Healthcare GmbH, Vetel Diagnostics and VIDISCO.

Key Market Movements:

  • Rising prevalence of zoonotic diseases
  • Increasing adoption of companion animals and rising awareness of animal health
  • Technological revolution from conventional film based x-ray devices to seamless, real time based high quality image producing digital radiography systems

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Dental Bone Graft Substitutes And Other Biomaterials Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc. “Global Dental Bone Graft Substitutes and Other Biomaterials Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global dental bone graft substitutes and other biomaterials market was valued at US$ 740.3 Mn in 2017, and is expected to reach US$ 1,786.0 Mn by 2026, expanding at a CAGR of 10.3% from 2018 to 2026.

Market Insights

Dental bone grafting is a surgical procedure wherein the missing teeth are replaced by employing grafts obtained from natural, ceramic, composite or polymeric material. Bone grafts finds tremendous application in dental implant surgery as a scaffold and filler to stimulate bone formation and facilitate wound healing. Bone grafts are highly biocompatible and biodegradable preventing occurrence of any antigen-antibody reaction. The factors responsible for the dental bone graft substitutes and other biomaterials market growth are rising prevalence of dental deformities, excellent dental reforms throughout the globe and pioneering technology adopted by major players to provide diverse range of products pertaining to dental surgery.

Browse the full report Dental Bone Graft Substitutes and Other Biomaterials Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/dental-bone-graft-substitutes-and-other-biomaterials-market

Allografts are considered as the most desired dental bone grafts due to its inherent features such as excellent osteoconductive and osetoinductive properties. They are extracted from cadavers donated bones which are sterilized and freeze dried in bone banks. Recurring infection after transplantation hinders the allografts market growth. Xenograft is gaining popularity on account of its availability in huge quantities from bovine and coral sources. It finds application in dental surgery as calcium matrix. Synthetic materials such as ceramic, hydroxyapatite and calcium phosphate are used in combination with growth factors such as TGF-beta, BMP-4, BMP-2 etc., to facilitate jawbone healing by inducing differentiation to osteoblasts.

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As per the research findings of American Academy of Periodontology (AAP) approximately half of the American adult population suffer from gum disease with periodontitis having a share of 47.2%. The major parameters responsible for the dominance of North America in dental grafts market are the rising prevalence of oral disease and affordable reimbursement scenario related to dental implant procedures. Proactive role adopted by European Medical Agency (EMA) in expediting the dental bone grafts approval and domicile of pioneers such as Geistlich Pharma AG, DENTSPLY International, Inc., and Institut Straumann AG propel the market growth In Europe. Asia Pacific will register excellent growth during the forecast period owing to the increasing number of patients suffering with jawbone atrophy, rising incidence of facial trauma and growing medical tourism.

Archrivals competing in the market are ACE Surgical Supply Company, Inc., Geistlich Pharma AG., Biohorizons IPH, Inc., Sigma Graft Biomaterials, Biomet, Inc., DENTSPLY International, Inc., DePuy Synthes Companies, Institut Straumann AG, Medtronic, Plc., and Zimmer Holdings, Inc.

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Key Market Movements:

  • Rising prevalence of periodontal disorders such as gingivitis and periodontitis
  • Increasing popularity of dental implant surgery using synthetic materials such as ceramic, hydroxyapatite and bioactive glass either alone or in combination
  • Affordable reimbursement scenario for dental bone graft procedures in developed countries such as U.S. Australia, Germany etc.

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Home Fragrance Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Home Fragrance Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global market accounted for US$ 6,691.4 Mn in 2017, expanding at a CAGR of 5.3% from 2018 to 2026.

Browse the full report Home Fragrance Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/home-fragrance-market

Market Insights

Fragrance is considered a functional ingredient in home care products to mask unpleasant odors. Home fragrances are becoming an essential item in several households owing to their properties of creating a favorable environment at homes. These products are made with various types fragrances such as lavender, jasmine, eucalyptus and others that help to liven up the mood of the consumers, thereby creating a stress free environment Growing demand for natural essential oils in home fragrance products is also resulting in the growing demand for home fragrance products. Rising discretionary income leading to increasing inclination of consumers towards various types of home fragrance products is another factor responsible for the steady growth of the home fragrances market.

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The online channel segment is witnessing rapid growth among consumers for purchasing home fragrance products. Online sales amounted to more than US$ 2.5 Trn in 2018, which is expected to cross the US$ 4.5 Trn market by the end of 2021. Round the clock availability, and fast turnaround time are some of features offered by online purchases that are particularly preferred by the millennials. The lucrative nature of the e-commerce industry has urged several manufacturers of home fragrances to operate online.

Europe dominated the global market for home fragrances in 2017. However, Asia Pacific identified as the fastest growing market for home fragrances during the forecast period from 2018 to 2026. China, Japan and India are the front-runners to the growth of the industry at present. Growing middle class population in these countries contributing to the growth of the home fragrance industry. The middle class population in China expected to cross the 750 million mark by the end of 2022, which will be equivalent to 76% of the total population. The standard of living in China has witnessed a rapid increase over the past five years, with personal income witnessing an annual growth of 7% during the same period. According to National Bureau of Statistics (NBS) China, per capita disposable income of the country stood at US$ 4,099.4 in 2017, with median income at US$ 3,566.8. These statistics portray a promising growth of the home fragrances market in China

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Geographic expansion, merging, acquisition and new product launch are some of the strategies adopted by the players to remain competitive among themselves. The 3M Company is a multinational conglomerate operating in the fields of consumer goods, industry and healthcare and is one of the dominant player in this market.  In 2016, the Company introduced Filtrete Whole House Air Fresheners, which has five different scents such as floral, vanilla, cinnamon, linen and berry. Unlike plug-in fresheners and candles, that adds fragrance in a particular room, Filtrete Whole House Fresheners releases fragrances to multiple rooms using home’s forced-air cooling and heating system vents.

The global home fragrance market comprises of large number of regional and international players thus making the market fragmented in nature. Some of the major players operating in the market are 3M Company, SC Johnson & Son, Inc., Air Esscentials, Givaudan S.A, Scent Air, Newell Brands, Bath & Body Works, Korona Candles S.A, Reckitt Benckiser, Procter & Gamble among others. Manufacturers compete among themselves on delivering high quality products in order to gain competitive advantage.

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Travel Vaccines Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc. “Global Travel Vaccines Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global travel vaccines market was valued at US$ 3,592.1 Mn in 2017, and is expected to reach US$ 6,886.7 Mn by 2026, expanding at a CAGR of 7.5% from 2018 to 2026.

Market Insights

The medical branch engaged in the prevention and management of health problems in international travelers is called as Emporiatrics. Nowadays it has become compulsory for outbound visitors to get vaccination before boarding for travel or at the port of entry of their travel destination. Travel vaccines is usually taken 4 to 6 weeks before travel in order to build immunity against viral and microbial invasion. In comparison to pharmaceutical market the travel vaccines market is very small and concentrated on both the demand and supply chain. It is a very highly regulated market with its growth highly reliable on personal purchase and donations. The limitations associated with travel vaccines market are high cost and stringent regulatory norms sanctioned by regional healthcare authorities.

Browse the full report Travel Vaccines Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/travel-vaccines-market

In the current scenario routine vaccination holds the largest market share by type in the travel vaccines market. The major parameters responsible for the dominance of routine vaccination are the rising prevalence of infectious diseases such as tuberculosis, influenza and MMR (measles, mumps and rubella). On physicians prescription outbound travelers take recommended vaccination to mitigate infections such as Japanese encephalitis, cholera and diarrhea. It is studied that sudden change in temperature, altitude, humidity, and poor hygiene make visitors ill hence, recommended vaccination has gained prominence as a preventive measure. Required vaccination will exhibit excellent growth owing to key factors such as sudden outbreak of fatal diseases such as ebola, zika, yellow fever and Middle East respiratory syndrome.

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As per the facts provided by U.S. International Air Passenger Statistics Report in 2017, approximately 38.33 million citizens travelled abroad for recreational, business and religious purposes. Center for Disease Control and Prevention (CDC) has stipulated stringent healthcare policies making vaccination compulsory for outbound travelers to mitigate viral and bacterial infection. Favorable reimbursement scenario and domicile of key players have a positive spiraling effect on the travel vaccines market growth in North America. European Medical Agency has sanctioned stringent norms for the effective screening and recommended vaccination of travelers visiting Europe. Asia Pacific will highlight excellent growth throughout the forecast period owing to key factors such as rising prevalence of infectious disease and poor hygiene in developing countries such as India, China, Pakistan and Bangladesh. Middle East healthcare regulatory bodies perform compulsory vaccination of the haj piligrims at the port of entry to prevent the spread the infection of Middle East respiratory syndrome.

Major players providing travel vaccines are Baxter AG, Bharat Biotech, GlaxoSmithkline, Plc., Inovio Pharmaceuticals, Inc., Merck & Co., Inc., Novartis AG, PaxVax Corporation, Sanofi Pasteur SA, Valneva SE and VBI Vaccines, Inc.

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Key Market Movements:

  • Rising prevalence of infectious diseases and increasing number of travelers throughout the globe
  • Proactive government policies in promoting vaccination in all age group to curb the spread of infectious disease
  • Favorable reimbursement scenario and rise in per capita income to drive the travel vaccines market growth

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Product Information Management Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

According to a new market report published by Credence Research, Inc., “Global Product Information Management Market (By Offerings (Software and Services), By Deployment Model (On-premise and Cloud-based), By End-use Vertical (Automotive, BFSI, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, Retail & E-commerce, Transportation & Logistics, Others)) – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global product information management market is expected to witness a growth of 17.5% CAGR during the forecast period from 2018 to 2026.

Browse the full report Global Product Information Management Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/product-information-management-market

Product Insights

The global product information management market projected to witness a notable growth, expanding at a CAGR of 17.5% during the forecast period from 2018 to 2026. The concept of having a centralized database and procedures for maintaining product information is not new, but product information management solutions have become more popular in the recent past. Product information management tool not only houses and centralizes product data, but also has the ability to standardize, source and manage the delivery of data to different channels and systems. It is designed to manage product information across an organization’s business processes from the point of creation through utilization.

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Consumers today are more engaged in exploring products as a result of which a high-quality, complete product information in various formats, on any device, in any channel, at any time is needed. Providing this information is an indispensable part of creating a world-class customer experience that make customers coming back and choose the preferred and right provider. A product information management solution makes it easier and faster to deliver and create compelling product experiences by leveraging unified product management thereby enabling superior digital experiences.

Based on offerings, software segment accounted for the largest market share in 2017. The growth of this segment is primarily backed by the rising need of enterprises to centralize all the marketing and technical information of their products and catalogs. On the basis of deployment model, the global product information management market was led by on-premise segment in 2017. A number of organizations around the world are still largely reliant on the on-premise model. Security features offered by on-premise model over cloud is augmenting the growth of this deployment model. On the other hand, cloud-based model expected to emerge as the fastest growing segment in the near future. Cloud-based product information management solutions have remarkable product features to address enterprise-wide use. Based on the end-user vertical, retail & e-commerce led the market in 2017. Retailers and e-commerce companies need to provide consistent product data at all touch points and with a strong product information management system, they have a single data source to draw information from all platforms. Based on geography, North America dominated the product information management market in 2017. The growth of this region is mainly due to the presence of some major players including International Business Machines Corporation, Oracle Corporation, Edgenet Inc., Informatica, Netcracker Inc., and Salsify, Inc. etc. projected to provide lucrative opportunities in the region.

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Competitive Insights:

Major players in the product information management market include Aprimo LLC, Agility Multichannel Limited, Akeneo, Catsy, Censhare AG, Edgenet, Inc., International Business Machines Corporation, Informatica, inRiver AB, Netcracker, Inc., Oracle Corporation, Pimcore GmbH, Plytix, Riversand Technologies, Inc., Salsify, Inc., SAP SE, and Shotfarm among others. The software providers are adopting several strategies to thrive in the competitive market environment. Strategies including product innovation and partnerships remain the key strategies adopted by the players to gain competitive edge over others.

For instance, in June 2018, Akeneo, one of the leading provider of product information management launched new products and updates to its flagship solution Akeneo PIM. The products are designed specifically to allow superior product experience management (PXM) for retailers and brands to create exceptional product experiences through all sales channels. The new solution extends the value and functionality of Akeneo PIM solution by making it quicker and easier to onboard suppliers and manage the ever-evolving collection of products. Akeneo PIM 2.3 and two new powerful modules, Akeneo PIM Accelerator and Akeneo Onboarder are the three elements of the new product experience management offering.

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Latex Caulk Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Latex Caulk Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global latex caulk market was valued at US$ 285.3 Mn in 2017, expected to grow at a CAGR of 4.6% from 2018 to 2026.

Market Insights

Caulk is a material used to fix cracks and gaps in pipes and plumbing, doors, concrete, roofing and kitchen among others. Caulking restricts water penetration, noise transmission, and provides thermal insulation as well. Latex caulk is gaining rapid acceptance as a replacement to silicone caulk due to its ease of application.

Browse the full report Global Latex Caulk Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/latex-caulk-market

Latex caulks are easy to use, as the seams can be easily smoothened or trimmed with a tool or moist finger and their durability lasts up to 10 years. Further, latex caulks can be sanded and painted as well. Increasing remodeling and repairing activities are the key factors responsible for the growth of the latex caulks market. Rising expenditure on home remodeling and renovation is expected to witness a strong growth in the coming years. Moreover, rising trend of DIY (do it yourself) for repairing activities in the residential sector is another key factor fuelling the demand for latex caulks. Consumers nowadays prefer to deal with small repairing activities among themselves rather than seeking expert advice that would cost more.

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Based on resin type, acrylic latex caulk captured the majority market share on 2017, followed by acrylic latex silicone blend caulk. Acrylic latex caulk is mainly used for caulking and sealing doors and window frames and trim before painting with oil based paint or latex. It basically finds application in paintings where it can fill any gap between ceilings, walls and woodwork trim. It also aims to seal gaps around electrical switch plates to prevent heat loss and minimize cold drafts. Based on application, residential buildings accounted for the major market share in 2017, owing to the rising investment on building & infrastructure development across the world coupled with growing number of housing projects in developing economies to cater the growing population. Latex caulk prevents water intrusion through holes cracks and gaps.

Asia Pacific was the largest market for latex caulk in 2017 and expected to retain market dominance throughout the forecast period as well. North America and Europe followed closely after Asia Pacific in terms of market revenue. Rising demand from construction industry is mainly driving the Asia Pacific region. Growing residential building sector in China is mainly contributing to the market growth. The heavy spending on construction activities in Asia Pacific is driven by countries such as India, China and Japan, where urbanization is one of the key factors driving the growth of construction industry in these countries. Further, the construction industry in North America is one of the largest in the world, thus making it one of the key regions for latex caulk.

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The construction industry in the U.S. is one of the largest across the globe. Positive trends in housing activities is one of the key factors driving the growth of the construction industry in the country. Moreover, the trend of DIY in U.S. fairly large among homeowners in the U.S. Consumers have adopted the DIY trend for repairing/renovation activities in order reduce expenses on these activities by seeking professional help. This is another key factor fueling market demand for latex caulk in the country.

Notable players operating in the global latex caulk market include The 3M Company, Chemence, The DoW Chemical Company, Franklin International, Sherwin Williams, Bostik, Hodgson Sealants, American Sealants Inc., Sashco, Inc., and DAP products.

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Implant Biomaterials Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc. “Implant biomaterials Market: Growth, Future Prospects, and Competitive Analysis, 2018 – 2026” the implant biomaterials market was valued at US$ 34.8 Mn in 2017 and expected to reach US$ 64.0 Bn by 2026 at a CAGR of 7.0 % during the forecast period from 2018 to 2026.

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Market Insights

The global implant biomaterials market show productive growth during the forecast period from 2018 to 2026 attributed to an increase in orthopedic, cardiovascular and dental implant procedures globally. Growing prevalence of heart diseases, dental issues (majorly tooth decay), and bone infections, leading to the replacement of hip or knee are major factors driving the global market. External factors driving the demand in the market comprise new technology assessment in the smart digital dental and orthopedic industry, advancement in CAD/CAM systems, 3D printing technology, rising demand for customized implants and increasing medical tourism are enhancing the growth of the market during the forecast period. Increasing implantation procedures with metal and metal alloys, ceramics, and composite materials are in high demand globally.

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Manufacturers are also focusing on modifying the material properties of composite materials and bioabsorbables with fillers such as bioactive ceramics. In tissue engineering, modern developments have concentrated on biological essentials to use cells, and signaling elements for further enhancement of an organ structure. The growing field of cosmetic dentistry is enhancing the overall demand for aesthetic restorations. Manufacturers are continuously focusing on improving the coatings to supplement the function of existing medical device implants, with an approach to improve and standardize their incorporating antimicrobial properties and osseointegrative qualities.

Significant growth in the target patient pool in the developing nations such as India, Brazil, Argentina, China, Mexico, Indonesia, and others, increasing acceptance of advanced and branded biomaterials along with increasing number of dental hospitals, orthopedic clinics, and ambulatory surgical centers are contributing to the overall development of the market.

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The increased cost of the orthopedic, dental, cardiovascular implant procedures, lack of awareness, issues related to post-surgery infection, implant failure, high preference for metal implants in the developing nations, and the inconsistent reimbursement policies are few external factors restraining the overall growth of the implant biomaterials market globally. External factors driving the market growth include increasing awareness related to advanced biomaterials and their respective applications, rising minimally invasive surgeries, new product launches, and mergers and acquisitions are fueling the demand for implant biomaterials in near future.

Key Market Movements:

  • Globally, the implant biomaterials market remains to exhibit a profitable growth with a CAGR of 7.0% for the period from 2018 to 2026
  • Based on the material type, the metal alloys segment shows lucrative growth with increasing applications in the orthopedic and dental restorative procedures. Higher technology assessment in the products with computer-aided technology is gaining traction in the market.
  • Asia Pacific, Eastern Europe, and Latin America show promising opportunities and shows growing CAGR during the forecast period owing to rising awareness advanced implant biomaterials along with increasing implant procedures
  • Increasing number of advanced hospital and dental healthcare settings, easy accessibility of branded products with enhanced digital applications to patients, and rising healthcare spending in Brazil, India, China, Mexico, Russia, and Japan will drive the growth of the market during the forecast period
  • Major players in this vertical are Evonik Industries AG, Celanese Corp., Royal DSM and Invibio, Inc., DuPont, AdvanSource Biomaterials Corp., Collagen Matrix, Inc., Invibio Ltd., Collagen Solutions Plc., Keystone Dental, Inc., Surgival, SBM France, Zimmer Biomet and others

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Chromatography Systems Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc. “Chromatography Systems Market Growth, Future Prospects, and Competitive Analysis, 2018 – 2026” the global chromatography systems market was valued at US$ 6.2 Bn in 2017 and expected to reach US$ 11.4 Bn by 2026 at a CAGR of 7.0% during the forecast period from 2018 to 2026.

Market Insights

The global chromatography systems market shows productive growth during the forecast period from 2018 to 2026, attributed to increase in need for separation techniques in pharmaceutical industry, biotechnology, agriculture, food and environmental analysis. More than, 60% of analysis on a global scale is presently done by chromatography techniques.

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The advanced separation techniques has a numerous advantages over traditional techniques such as crystallization, solvent extraction, and distillation. Novel technology progression in portable or mobile and transportable chromatography systems, the rise in manufacturing and demand for downstream processing are driving the market growth. Production of top quality systems with increased cost such as ultra-high-pressure liquid chromatography (UHPLC) and other standalone-automated systems are other prominent market drivers. The gas chromatography system is leading the global market owing to its high proficiency output along with enhanced applications, mainly biotech and pharmaceuticals, ease of use, and availability of advanced automated systems.

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Development of column chromatography systems and its clinical benefits is gaining traction in the market. Moreover, growing applications of standalone systems in nutraceutical companies, cosmetic industries and environmental agencies will further generate revenue share during the forecast period. Other major factors driving the growth include rapid utilization of advanced systems along with chromatography data systems with enhanced productivity. Major external factors include expansion of biotech and other diagnostic facilities with high quality systems, new product launches, acquisitions and partnerships with small-scale manufacturers is generating maximum revenue share in the global market. In addition, strategic agreements by private players is growing dramatically, majorly in countries such as India, China, Singapore, Japan, and Vietnam.

Increasing advancements in R&D for automated and portable chromatography systems technology, government and organizational support for various chromatography applications such as genetic engineering, diagnostics, drug discovery and water/fluid separation analysis, etc. are further going to spur revenue growth during the forecast period.

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However, the high cost of the chromatography systems, strict regulations related to the clinical use of automated standalone chromatography systems, less awareness about the new separation techniques, and lack of skilled experts in the developing nations to operate chromatography, are few factors limiting the growth of the chromatography systems market globally. Other external factors include scarce availability of advanced automated systems, and economic slowdown are few restraints limiting the overall market growth.

Key Market Movements:

  • Globally, the chromatography systems market remains to exhibit a profitable growth with a CAGR of 7.0% for the period from 2018 to 2026
  • Higher technology assessment in the liquid chromatography systems segment is gaining traction in the market
  • Asia Pacific, Latin America, and Eastern Europe to show promising opportunities during the forecast period owing to increasing awareness along with adoption of advanced automated systems
  • Development of enhanced applications in the portable systems, accessibility of branded systems in developed nations, and increasing usage in food, biotech and environmental analysis will contribute to the growth of the market
  • Major players in this vertical are Thermo Fisher Scientific, Waters Corporation, Shimadzu Corporation, OI Analytical (Xylem), Quadrex, PerkinElmer, Affymetrix, Inc., GE Healthcare, Roche Diagnostics Limited, Schutz Gmbh, Bio-Rad Laboratories, Pall Corporation and others

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Genomics Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc. “Genomics Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global genomics market was valued at US$ 13,122.9 Mn in 2017 expanding at a CAGR of 10.3% from 2018 to 2026.

Market Insights

Genomics is the study of genetic coding of an organism and projected to play a vital role in management of disease conditions in the future. Genomics has proved fruitful in diagnosis and prognosis of various chronic and congenital diseases. For instance, its application in BRCA1 mutation identification has been gold standard in cancer research and treatment.

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The idea of whole genome sequencing is becoming a common practice owing to precision medicine trends, investments and favorable collaborations between industry participants and regulatory authorities. The Precision Medicine Initiative (PMI) in the U.S. aims to collect database of health data of 1 million volunteers including genetics and lifestyle factors. In the U.K., Genomics England aims to sequence 1 million genome from patients with various diseases from different genomic medicine centers. Many pharmaceutical companies such as GSK, Roche, and AstraZeneca have ventured in the GENE Consortium in Europe giving them access to database of 5,000 sequenced genomes. Ireland, Iceland and China are some of the other countries that have launched their private programs to gain a better understanding in personalized medicine and genomics in clinical application. However, concerns regarding the security and privacy of the information, high cost of programs are some of the challenging factors of this market.

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In terms of application type, disease diagnostics held the largest share in the global genomics market. Molecular diagnostics companies such as Pathway Genomics, Myriad Genetics, Quest Diagnostics, and Abbott Laboratories actively collecting genomics data from different groups of patients. These companies provide diagnostic kit as well as technological products used for the genomic processes. Growing preferences of molecular diagnostics and point-of-care diagnostics have further driven the growth of disease diagnostics market. Personalized medicine and drug discovery application are poised to grow at a significant rate during the forecast period. In terms of end-user, biopharmaceutical companies held the largest share in the market due to growing number of research studies carried out for drug discovery and development purposes and personalized medicine.

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In terms of geography, North America held the largest share in the global genomics market owing to domicile of major biotechnology and pharmaceutical companies in the region. The Unites States lead the North America genomics market owing to strong governmental support and funding for genomic research. The U.S. is the foremost country in cancer and other chronic disease research. Growing awareness regarding the genetic testing and high affordability of such tests in the country make U.S. the most attractive market for genomics. Europe held the second largest share in the genomics market owing to developed genomics industry in the region, particularly in U.K., Germany and France. Asia Pacific is projected to grow at fastest rate during the forecast period. Factors responsible for the growth of this market include growing research and development of genomic technologies, biomarkers testing in treatment of various diseases. China has emerged as the leader in genomics solutions with significant contribution in the global genomics market. China’s genomics program includes 1 million genomes sequencing for specific cancer and metabolic disease detection. The key players currently engaged in genomics market include Thermo Fisher Scientific, Inc., Bio-Rad Technologies, Inc., Illumina, Inc., Danaher Corporation, BGI, Pacific Biosciences, Oxford Nanopore Technologies., Myriad Genetics, Inc., among others.

Key Market Movements:

  • Growing R&D and funding for genomics in clinical application
  • Growing private and governmental collaborations for genomics programs
  • Increasing applications of genomic studies agriculture and veterinary research
  • Robust growth of genomic studies in Asia Pacific, especially in China, South Korea and India

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Electric Vehicles Battery Market Size, Share, Growth, Trends, Regional Outlook, Competitive Strategies and Forecast 2018 to 2026

According to a new market research report published by Credence Research “Electric Vehicles Battery Market (Vehicle Type – Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-in Hybrid Electric Vehicle; Battery Type – Lead Acid Battery, Nickel Metal Hydride Battery and Lithium ion Battery ; Sales Channel – Original Equipment Manufacturers (OEMs) and Aftermarket; Application – Passenger Car, Commercial vehicle  and Two Wheeler) Market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global electric vehicle battery market was valued at US$ 2.24 Bn in 2017 and will be growing at a CAGR of 20.2% during the forecast period from 2018 to 2026.

Browse the full report Electric Vehicles Battery Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/electric-vehicle-battery-market

Market Insights

The electric vehicle battery market was valued at US$ 2.24 Bn in 2017 and expected to grow at a compounded annual growth rate (CAGR) of 20.2% during the forecast period from 2018 to 2026. Electric vehicles have witnessed a very high adoption in recent years on account of various factors such as government support through taxes and incentives coupled with regulations on emissions. This growth can be understood from the fact that in 2017, for the first time, global sales of new electric vehicles passed a million units. Moreover, if the same growth trajectory continues, the electric vehicle manufacturers could quadruple this figure and reach 4.5 million units by 2020. This would also mean electric vehicle to hold a market share of approximately 5% of the overall global light-vehicle market.

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This growth in the sales of electric vehicles would also mean a higher demand for related components including electric vehicle battery. The battery type used in an electric vehicle can vary depending on the type of the vehicle. Current battery technology is designed for extended life (typically about 8 years or 100,000 miles). Lithium-ion battery is currently the most commonly used battery type in electric cars. Advantages such as good high-temperature performance, high energy efficiency and high power-to-weight ratio contributes to the increasing adoption of lithium-ion battery in electric vehicles. However, record sales of electric cars have created supply risks of cobalt, an element used in the batteries. Cobalt supplies being largely concentrated in the Democratic Republic of Congo while refining capacity concentrated across China further creates hindrances for the growth of the electric vehicles market.

Asia Pacific expected to remain an important market for investment throughout the forecast period. China in particular expected to play a crucial role in the growth of the electric vehicle battery market growth in the region. The sales for electric vehicles in China grew by 72% in 2017, thereby solidifying the country’s position in the global market. Tight regulations coupled with generous subsidies are the most prominent factors driving the demand for electric vehicles in China. India, Japan and South Asia countries expected to be other important market for electric vehicle batteries in the coming years. A rapidly growing middle class population in the region has influenced the demand for electric vehicles positively, thereby aiding the electric vehicle battery market growth.

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Some of the major players operating in the electric vehicle battery market include AESC, Panasonic, Mitsubishi, BYD, LG Chem, Wanxiang, Samsung, Tianneng, Beijing Pride Power and Boston-Power, Inc. among others. As a part of their research and development activity, these manufacturers of electric vehicle battery are focusing on increasing the production scale and improving the battery sizes thereby facilitating battery performance improvements and cost reductions.

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