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Cryogenic Biobanking Services Market to Witness Widespread Expansion by 2024

Cryogenic Biobanking Services Market: Overview

The cryogenic biobanking services market may climb the growth ladder across the forecast period of 2020-2030 on the back of the growing demand for storing varied biological samples such as organs, human blood, cells, and tissues. The preservation period is both short term and long term. The prime objective of the cryogenic biobanking is to maintain the stability and functionality of the biological samples within the specified preservation period.

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On the basis of type, the cryogenic biobanking services market can be segmented into cryogenic storage systems, freezers, ice machines, refrigerators, and alarms and monitoring systems. The cryogenic biobanking services market can be classified into regenerative medicine, biobanking, and drug discovery on the basis of application.

This upcoming report on the cryogenic biobanking services market provides a 360-degree analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the cryogenic biobanking services market. The segmental study enables an individual to deeply understand the different aspects of the cryogenic biobanking services market systematically.

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Cryogenic Biobanking Services Market: Competitive Assessment

The cryogenic biobanking services market has numerous domestic and international players. These players compete with each other for obtaining the top position in terms of consumer loyalty and sales. Earlier, manual cryogenic biorepositories were present on a large scale but as technological advancements penetrated across the cryogenic biobanking services market, novel biobanks were designed keeping in mind the different protocols and advanced tracking procedures. Therefore, this aspect may bring expansive growth for the cryogenic biobanking services market.

Mergers, acquisitions, joint ventures, partnerships, and collaborations among the players of the cryogenic biobanking services market help them in expanding their foothold. This aspect eventually leads to adding extra stars of growth to the cryogenic biobanking services market. Some prominent players involved in the cryogenic biobanking services market are Customer Biogenic Systems, BioServe Biotechnologies, Sigma-Aldrich, and Stemgent.

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Cryogenic Biobanking Services Market: Key Trends

As the number of stored samples increases, the number of storage operations, and the need for cryogenic biobank automation also increases. Hence, the cryogenic biobanking services market may bank on the growing number of automated systems by various platforms. For instance, the INLANDYS platform integrates easily with any existing biobank equipment and can also be linked to the biorepository database software. Hence, such developments may sow the seeds of growth across the cryogenic biobanking services market.

The escalating adoption of in house sample storage system by biotech companies and pharmaceuticals may further help in enhancing the growth rate of the cryogenic biobanking services market. Investment across the cryogenic biobanking services market may also bring great growth opportunities. For instance, TMRW Life Sciences recently raised $25 mn for its cryogenic management platform. These factors may serve as robust growth pillars for the cryogenic biobanking services market.

Devices offering a hassle-free sample collection process in addition to a spill-proof design are gaining substantial momentum across the cryogenic biobanking services market. Such technologies may bring considerable growth opportunities for the cryogenic biobanking services market.

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Cryogenic Biobanking Services Market: Regional Dimensions

The cryogenic biobanking services market is spread across North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. North America may emerge as a champion among other regions in terms of growth. The growing investment in cryogenic biobanking services and the increasing research and development activities may serve as prominent growth factors for the cryogenic biobanking services market.

Europe may also bring substantial growth for the cryogenic biobanking services market throughout the forecast period of 2020-2030. The heightening demand for research and development activities of biospecimens related to cancer, diabetes, and other cardiovascular disorders may bring immense growth prospects for the cryogenic biobanking services market in the region.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Guidewires Market to Set Phenomenal Growth by 2026

Manufacturers in order to reap the most out of the guidewires market are evaluating different approaches in modeling guidewires and catheters to advance techniques in endovascular interventions, notes Transparency Market Research (TMR). Medical device makers are striving to unveil guidewires that can help interventional cardiologists navigate a wide cross-section of clinical scenarios. To this end, those seeking higher stakes in the guidewires market have been extensively researching on combining various mechanical properties. Most notable of the properties they focus on comprise flexibility for easy maneuverability and hydrophilicity at the tip, in addition to shaft stiffness and retention friction, a key approach that shapes product innovations in the guidewires market.

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Rising Uptake in Percutaneous Coronary Interventions Churns out Sizable Global Revenues

Importantly, medical device makers in the guidewires market are aiming at helping cardiac care specialists choose the best device that fulfils the requirements of the specific clinical scenario. The growing adoption of coronary guidewires among interventional cardiologists have been propelled by rapid advances in angioplasty procedures. This is driven by rising application in percutaneous coronary interventions, world over, such as percutaneous transluminal coronary angioplasty (PTCA) and percutaneous transluminal angioplasty (PTA). The coronary guidewires segment is expected to hold the leading revenue share in the global guidewires market.

Advances being made in endovascular interventions-technology and techniques are underpinning the lucrativeness of the market. The global guidewires market is expected to garner a CAGR of 6.2% from 2017 to 2025 to climb to reach opportunities worth US$2.7 bn by 2025.

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Computer-based Models for Developing Guidewires Have Game-Changing Potential

Growing demand for minimally invasive interventional procedures is a key factor catalyzing advances in endovascular interventions, driving the guidewires market. Advent of computer-based models for developing guidewires has been poised with game-changing potential in the guidewires market. These models are expected to gather steam among the industry as well as the academia due to their potential in evaluating different modeling approaches comprehensively. One of the compelling business propositions in the adoption of computer modelling strategies in the guidewires market is the potential in the design optimization of instruments.

Over the past few years, the role of hybrid guidewires in endourological procedures has gathered the attention of manufacturers in the guidewires market. They are inter alia experimenting with different materials and guidewire designs.

New Catheterization Techniques Drive Product Innovations

Adoption of new catheterization techniques has also expand the potential of the guidewires market. A case in point is in cardiovascular magnetic resonance (CMR) catheterization, an emerging strategy. In this regard, nitinol guidewires have shown some potential to manufacturers to fare better in trackability, torquability, and mechanical support. This will pave way to high-performance commercial guidewires, especially in developed and developing markets.

Stricter implementation of regulations has motivated medical device makers to unveil guidewires in conformation with the prevailing regulations of the land. North America has presented several significant revenue streams to medical device makers in the global guidewires market. According to TMR, the opportunities in the market are expected to reach worth of US$662.1 by 2025-end.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Guidewires Market (Product - Coronary Guidewires, Peripheral Guidewires, Neurovascular Guidewires, Urology Guidewires, Radiology Guidewires, and Gastroenterology Guidewires; End-user - Hospitals, Clinics, Ambulatory Surgical Centers, and Diagnostic Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025. ”

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Pulmonary Artery Catheter Market to Receive Overwhelming Hike in Revenues by 2024

Global Pulmonary Artery Catheter Market: Overview

Pulmonary artery carries blood from the right ventricle of the heart to the lungs for purification. Pulmonary artery catheterization is a procedure, wherein a catheter is inserted into the pulmonary artery. The flow-directed balloon-tipped pulmonary artery catheter was first discussed in 1970 and was initially developed for the management of acute myocardial infarction. It was widely used in the management of various critical illnesses and surgical procedures. Pulmonary artery catheterization is a diagnostic procedure, in which a small catheter is inserted either through neck, arm, chest, or thigh vein and moved toward the right side of the heart in order to measure the pressure of the heart. Pulmonary artery catheter is used in the diagnosis and management of numerous cardiovascular diseases such as pulmonary hypertension, cardiogenic shock, and myocardial infarction. Pulmonary catheters are also known as Swan-Ganz catheter. The standard pulmonary artery catheter has two lumens, hence Swan-Ganz, and is equipped with an inflatable balloon at the tip, which facilitates the placement of the catheter in the pulmonary artery through the flow of blood. Pulmonary artery catheterization is a feasible procedure and can be useful in understanding the cardiac physiology and pathology of the heart.

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Global Pulmonary Artery Catheter Market: Drivers and Restraints

The global pulmonary artery catheter market is driven by the use of pulmonary artery catheter in the preoperative, perioperative, and postoperative treatment. Above this, with rising health issues due to sedentary lifestyle and unhealthy dietary habits has increased the number of cases with cardiac complications have increased. Moreover, sedentary lifestyle and dietary habits, and increase in smoking and drinking habits are responsible for increased cardiac complications. Furthermore, rise in the geriatric population is a major factor driving the number of pulmonary artery catheterization procedures. Pulmonary artery catheterization is useful in taking standard care of all critically ill patients. However, it offers no benefits for patients with septic shocks, acute respiratory distress syndrome, and also in the routine treatment of patients undergoing high-risk of surgery.

The global pulmonary artery catheter market can be segmented based on type, application, end-user, and region. In terms of type, the market can be classified into four-lumen catheter, five-lumen catheter, six-lumen catheter, and others. Based on application, the global pulmonary artery catheter market can be bifurcated into ICU use and non-ICU use. In terms of end-user, the market can be divided into hospitals, cardiac clinics, and ambulatory surgical centers.

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Global Pulmonary Artery Catheter Market: Key Segments

In terms of region, the global pulmonary artery catheter market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The U.S. and Canada are the major markets for pulmonary artery catheters in North America due to sedentary lifestyles and rise in cardiac complications. Countries such as India, Australia, and New Zealand are the major markets for pulmonary artery catheters as lifestyle disorders are common in these countries due to unhealthy diet, lack of exercise, and sedentary life. Europe and Latin America are also promising markets due to lifestyle changes in these regions. Middle East & Africa is an emerging market for pulmonary artery catheters due to lifestyle changes.

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Global Pulmonary Artery Catheter Market: Key Players

Leading players in the global pulmonary artery catheter market are Edward Lifesciences Corporation, Argon Medical Devices, Inc., ICU Medical, Inc., Biosensors International Group, VICTUS, and B. Braun Melsungen AG.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

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Esophageal Atresia Treatment Market Detailed in New Research Report

Global Esophageal Atresia Treatment Market: Overview

Esophageal atresia is a condition characterized by an absence of part of the esophagus. The esophagus, also known as the 'food tube' is the conduit of food from the mouth to the stomach. It shares space with the trachea in the neck, which is the 'air tube'. Cases of esophageal atresia often coexist with tracheal atresia and tracheoesophageal fistulas, where the food and air tubes open into each other. The condition occurs in about 1 per 2,500 births globally, and is often treated by multiple surgical procedures to complete the length of the esophagus that is absent.

A rising awareness about this disease coupled with a robust infrastructure for appropriate diagnosis and treatment of diseases has led to a rise in detection and treatment of this condition. This trend is expected to continue into the future. As per Transparency Market Research, the global esophageal atresia treatment market is expected to witness growth from 2020 to 2030, owing to a number of varied trends and drivers. The robust compound annual growth rate will also lead market players towards lucrative avenues over this period. Additionally, increase in market worth would be noted.

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Global Esophageal Atresia Treatment Market: Notable Developments

The Global esophageal atresia treatment market is witnessing some notable developments in its landscape as proactive players take active measure towards bringing to fore effective procedures and products. It is being noted in the market landscape that players are focusing upon improvement in technology, research and development (R&D), and new and notable devices.

One such significant development in this market has been from Cook Medical, which has developed a non surgical procedure for correction of this condition. The Flourish device developed and granted FDA approval in 2018 is expected to be used increasingly in the future. This is set to spur market in a major way.

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Global Esophageal Atresia Treatment Market: Key Trends and Drivers

  • Esophageal atresia is a genetic condition. Hence, it does run in families already predisposed to the disease but the risk of congenital anomalies also rises in general with an increase in maternal age. Women are increasingly joining the global workforce, and about 40-160 million women are anticipated to join in specialized workplaces and fulfill high-skilled roles by 2030 to support global industry. As they become more professional, they start putting careers before family and late child bearing implies that anomalies like esophageal atresia might rise, driving up demand for treatment. 
  • An impetus to this market also comes from the healthcare industry which is burgeoning globally. In India alone this industry is expected to grow three fold 2022. This should drive the global esophageal atresia treatment market upwards as a better surgical setup is able to provide advanced surgical care to patients. 

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Global Esophageal Atresia Treatment Market: Regional Analysis

North America and Europe are currently global leaders in this market. The presence of a robust healthcare infrastructure with appropriate diagnostic and treatment facilities make the management of congenital conditions like esophageal atresia feasible and successful. Moreover, high disposable income and favorable reimbursement policies are also pushing these regional markets for esophageal atresia treatment over the forecast period. 

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The Asia Pacific region (APAC) is expected to register the fastest growth in this market. An increase in health consciousness supplemented by a better healthcare penetration, even to the grassroots levels and even in remote locations in this region is set to help this market grow steadily in the future.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

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Growing Investments in Technologies will Boost Automotive Electronics Market

The Fact.MR latest report on global market

Analysts at Fact.MR find that the global Automotive Electronics market has been evolving at a CAGR of xx% during the historic period 2014-2018. The market study suggests that the global market size of Automotive Electronics is projected to reach ~US$ xx Mn/Bn by the end of 2029 with a CAGR of xx% over the stipulated timeframe 2019-2029. The Automotive Electronics market research demonstrates the current and future market share of each region along with the important countries in respective region.

Key stakeholders in the Automotive Electronics market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities. Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic. 

The study also offers scrutiny of the changing government policies amid COVID-19 disruptions. Policymakers in developing and developed nations are framing new regulations to meet the continuing macrocosmic shocks by COVID-19 pandemic. The authors of the report have taken into account the impact analysis of the pandemic, and have elaborated on the trends that will be crucial to the upcoming competitive landscape. New entrants, as well as established players who want to emerge as leaders in the post-COVID era, are taking the impact analysis seriously

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Regional division is into the following:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • Japan
  • APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)

Key players operating in the Automotive Electronics are: 

Altera (Intel Corporation), Broadcom Ltd., Continental AG, DENSO CORPORATION, Hella Gmbh & Co. Kgaa (Hella), Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Microchip Technology, Inc., NXP Semiconductors N.V., Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Incorporated, Valeo Inc., Visteon Corporation, Xilinx, Inc., and ZF Friedrichshafen AG.

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This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Product-wise the global Automotive Electronics market is segmented by spread (regional footprint), and consumption. And, the products include:

  • Electronic Control Unit
  • Sensors
  • Current Carrying Devices
  • Others

Basis, separate end-use segments, the market study delves into demand trends for each. The major end-use segments that the market study includes are:

  • ADAS
  • Infotainment
  • Body Electronics
  • Safety Systems
  • Powertrain Electronics

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

What does the Automotive Electronics market research holds for the readers?

  • One by one company profile of key vendors.
  • Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Automotive Electronics market.
  • Evaluation of supply-demand ratio in every end use industry.
  • Regional analysis on the basis of market share, growth outlook, and key countries.
  • Positive and negative aspects associated with the consumption of Automotive Electronics.

The Automotive Electronics market research clears away the following queries:

  1. What is the present and future outlook of the global Automotive Electronics market on the basis of region?
  2. What tactics are the Automotive Electronics market vendors implementing to give tough competition to their business counterparts?
  3. What are the macro- and microeconomic factors affecting the global Automotive Electronics market?
  4. Which end use segment is spectated to lead by the end of 2029?
  5. Why region has the highest consumption of Automotive Electronics?

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Cancer Gene Therapy Market is Expected to Expand at an Impressive Rate by 2026

Global Cancer Gene Therapy Market: Overview

Cancer could be defined as uncontrolled cell growth in the body leading to organ malfunction. If untreated, it can lead to death. Uncontrolled growth of cell is managed by the body in several ways, one of them is by deploying white blood cells to detect and eradicate these cancerous cells. It has been discovered that the immune system could be manipulated to influence cancerous cells to destroy itself.

Radiation and chemotherapy therapy have consistent and reliable effects to decrease cancerous cells in the body. Recently, immunotherapy for hematological cancers has experienced a recognition and is of interest for many researchers Scientists have developed methods to isolate, replicate, and develop cancer-destroying cells from the patient’s blood cancer and injecting those cells back for the destruction of their cancers, with durable remissions.

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New options for the treatment is needed to be developed if order to achieve elimination of cancer suffering and death by 2020. According to NCI, 5-year survival rate for cancers such as lung (15%), glioblastoma (5%), pancreatic (4%), and liver (7%) remains very low. Current available treatments have several side effects, the systemic toxicity due to chemotherapy results in nausea, mild cognitive impairments, and mouth ulcerations, in addition to long-term side effects such as increasing risk of developing other types of cancers. Therefore, new and innovative treatment methods are required to reduce the suffering of cancer patients.

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Global Cancer Gene Therapy Market: Drivers and Restraints

Increase in prevalence of cancer, rise in government funding and initiatives, growth in pipeline of cancer gene therapy products, and collaborations to develop and launch gene-therapy products are some factors driving the market. According to NCBI researchers, development of genetically-modified T-cell therapies for treatment of cancer has had maximum clinical impact among other gene therapies. However, high treatment cost is a major limitation in the cancer gene therapy market. The reason behind the huge cost for cancer gene therapy is the necessity of rigorous, exhaustive clinical trials; also treatment by cancer gene therapy differs from person to person depending upon the genetic acceptance of every patient, unlike other drugs thereby limiting the market growth.

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Global Cancer Gene Therapy Market: Key Segments

Based on type, the cancer gene therapy market is segmented into gene transfer immunotherapy and oncolytic virotherapy. Immunotherapy uses genetically modified cells and viral particles to stimulate the immune system to destroy cancer cells. Immunotherapy include treatment with either cytokine gene delivery or tumor antigen gene delivery. Oncolytic virotherapy uses viral particles, which replicate within the cancer cell causing the death of the cell. It is an emerging treatment modality that is expected to shows great promise, particularly in metastatic cancer treatment. It includes treatment with adenovirus, retrovirus, lentivirus, herpes simplex virus, adeno-associated virus, simian virus, alphavirus, and vaccinia virus. Gene transfer is the newest treatment modality that is expected to introduce new modified genes into cancerous cell or associated tissue for destruction of cell or to slow down cancer growth. This technique is flexible as a wide variety of vectors and genes are used for clinical trials with positive outcomes. As gene therapy advance, they could be used alone or in combination with other treatments to control the disease. Gene transfer or gene replacement is performed using naked/plasmid vectors, electroporation, sonoporation, magnetofection, and gene gun.

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

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Energy as a Service Market Revenue, Gross Margin Research Report and Trends by Forecast 2023

Market Highlights

According to Market Research Future (MRFR), the global energy as a service (EaaS) market is expected to create a valuation of approximately USD 51.8 BN by 2023, growing at 31.2% CAGR during the forecast period (2018–2023). Augmenting demand for energy supply, program management, energy use, and asset management boosts the growth of the market.

The most eminent market driver for global energy as a service (EaaS) market growth is the rising adoption of distributed energy resources (DER). Other factors enhancing the market growth include decarbonization of the global economy, the advancement of an integrated distributed energy resource (iDER), increased focus on sustainable energy, leveraging data analytics and artificial intelligence in the EaaS market, and transformation of transportation sector through electrification such as the introduction of electric vehicles.

Segmentation:

The report is segmented into three dynamics;

By Component              : Solution (Energy Portfolio Advisory, On-Site Energy Supply, Off-Site Energy Supply, Building Optimization, Load Management & Optimization Solution, others) and Services (Infrastructure, Technical & Maintenance, other Support Services).

By End User    : Residential, Government, and Industrial (large enterprises and small & medium enterprises).

By Regions            : Asia Pacific, Americas, Europe, and the Rest-of-the-World.

Regional Analysis:

The regional segmentation of the global energy as a service (EaaS) market share covers Europe, North America, Asia Pacific, and rest of the world (RoW).

During the forecast period, Europe can be the fastest growing regional market due to the increasing adoption of renewable source of energy consumption and the presence of various energy service providers. Many vital country-specific markets in this region are France, Germany, and the UK. Other countries in Europe also add to market growth.

North America can witness huge market growth due to the presence of vital market players and increasing presence as well as the use of artificial intelligence (AI) and data analytics. The third factor responsible for the market growth is improving demand energy response among the industrial as well as residential areas in the USA and Canada. Mexico is the third important country-specific market in this region.

During the forecast period, the market in Asia Pacific region can experience moderate growth due to inefficient grid infrastructure. The seminal country-specific markets in this region are China, India, and Japan. Other countries of the Asia Pacific region also contribute significantly to the market.

The RoW segment covers Latin America and the Middle East & Africa (MEA). In Latin America, the market is small as infrastructure is not as advanced as in North America. In the MEA region, the market is small due to the limited availability of technology and lack of skilled professionals.

Key Players:

Major players in the global energy as a service (EaaS) market include Bernhard Energy (USA), Contemporary Energy Solutions (USA) Duke Energy (USA), EDF Energy (UK), Edison International (USA), Enel X (Italy), Enertika (Spain), Engie (France), General Electric (USA), Orsted (Denmark), Schneider Electric SE (France), Siemens AG (Germany), SmartWatt (USA), Solarus (Netherlands), Southern Company (USA), and WGL Energy (USA).

Latest Industry News

  • Seeing the success of the Metered Energy Efficiency Transaction Structure (MEETS) developed at Seattle’s Bullitt Center, the Seattle City Council has adopted an ordinance that directs Seattle City Light to initiate pilot projects in up to thirty buildings via “Energy Efficiency as a Service” (EEaS) contracts modeled on MEETS. 21 JAN 2019
  • Sweden government is seeking consulting service for energy declarations. Their queries and concern to include EaaS. 2 JUL 2019

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Magnetic Resonance Imaging MRI Market Growth Opportunities, Key Players, and Threads Analysis

The magnetic resonance imaging market has conventionally risen on the back of an advanced imaging technique, which has boosted adoption of the high-cost hardware, and software imaging. In turn, the advancement in the MRI imaging market continues to pave way for unimaginable possibilities in detection of several anomalies in critical organs like brain. Moreover, the prospect of the market remained limited earlier as CT imaging continued to be more cost-effective, and effective for applications like lung imaging. However, new products like Toshiba’s new Ultrashort Echo Time (UTE) enables clinicians to view high susceptibility regions, where conventionally the MR imaging signal used to disappear. Advanced products like this, and GE Healthcare’s MAGiC, promise lower turnaround times for MRI imaging, which is critical in care for chronic diseases, and rising elderly population.

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The advancements in MRI imaging aren’t limited to a few players either. Some other key players in the magnetic resonance imaging market are Koninklijke Philips N.V., AllTech Medical Systems, Esaote SpA, Hitachi, Ltd., Siemens Healthcare GmbH.  The main players in the market are investing in more research and development as the Unique Selling Point of MRI imaging continues to remain its technological superiority over conventional techniques. The FDA also approved two Siemens MRI applications, one of which makes way for simultaneous imaging, while the other reduces 2D imaging acquisition times by a multiple of 8 as per the official company sources.

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Brain Imaging Continues to Remain Important

It is estimated that brain imaging accounts for 1 out of every 4 scans that take place. Additionally, the conventional delays in MRI imaging are expected to go away in the near future, thanks to new product launches. Technologies like GOBrain, promise to significantly reduce time taken for scans. Additionally, rising fatalities due to accidents, and chronic diseases like Alzheimer’s, and HIV are expected to result in over 45 million potential cases for brain scans worldwide. Moreover, the advancements in technologies promise to shorter the imaging process in line with clinical routine. The shorter scans and imaging times are essential for elderly patients, who can exhibit lower tolerance to treatments, and require urgent care on a consistent basis.

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Neurological Illnesses to Promise a New Arena for Growth in the MRI Market

According to a recently published in Public Health journal, the deaths from neurological diseases is on the rise in developed countries. The rise is notable with a 10% increase in fatalities among men for neurological disease in seven countries. These countries include UK, Australia, Canada, Spain, Germany, Italy, US, and the UK. A wide variety of neurological illnesses mainly Epilepsy, Dementia, Multiple Sclerosis, Headache disorders, and Neuroinfections require advanced brain imaging techniques like MRI for effective treatment. The recent advancements in diagnostics, and growing surge of neurological disorders like Alzheimer’s, and reimbursement mechanisms for growth will promise new opportunities for players in the magnetic resonance imaging market.

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Ophthalmic Diagnostic Equipment Market – Top Key Players and Industry Outlook

Ophthalmic Diagnostic Devices

  • Ophthalmology is a branch of medicine related to the structure, functions, and diseases of the eye. Ophthalmic devices can be defined as medical devices utilized in the identification as well as treatment of eye defects or deficiencies and eye-related disorders. The devices have applications such as diagnostics, surgical, and vision correction. These are increasingly gaining importance and have high rate of adoption owing to high prevalence of several ophthalmic disorders such as glaucoma, cataract, and other eye-related issues.
  • The global ophthalmic diagnostic devices market is anticipated to grow at a rapid pace during the forecast period, owing to increase in incidence and prevalence of eye-related diseases and technological advancements 

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Key Drivers of Global Ophthalmic Diagnostic Devices Market

  • The ophthalmology industry is expanding at a consistent pace due to rise in prevalence of eye disorders that directly influence demand for various ophthalmology platforms. Cataract and glaucoma are the major disorders that hamper the daily lives of patients. According to the Atlantic Analysis, 4.8 billion people across the globe are likely to be nearsighted by 2050. This is expected to drive the global ophthalmic diagnostic devices market during the forecast period.
  • Technological advancements also augment the global ophthalmic diagnostic devices market. Novel technology platforms offer enhanced imaging reliability, accuracy, safety, and minimal post-operative pain with the adoption of minimally invasive surgeries. Several manufacturers are making significant investments in the development of novel diagnostic and surgical platforms in order to cater to the need and demand among patients. This results in enhanced growth and acceptance of ophthalmology devices. These factors are expected to fuel the growth of the global ophthalmic diagnostic devices market during the forecast period.
  • Cataract is the clouding of the lens in the eye, which initially prevents clear vision and eventually progresses to blindness, if left untreated. The WHO estimates that more than 22 million people across the world were bilaterally blind from cataract in 2017. The WHO Action Plan for the prevention of blindness from 2014 to 2019 was approved by the World Health Assembly in May, 2013. VISION 2020 is based on the concept of a broad coalition of all international, nongovernmental, and private organizations that collaborated with the WHO in order to prevent blindness. Hence, increase in the number of cataract awareness programs is likely to boost market growth. 

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High Price of Hi-tech Ophthalmology Systems to Hamper Market

  • Demand for efficient diagnostic devices is increasing owing to rapid technological advances. Several device manufacturers are making significant investments in research and development in order to develop novel diagnostic and surgical platforms. This increases the cost of the devices.
  • Requirements for product approval of regulatory authorities such as the U.S. Food and Drug Administration (FDA), European CE Mark, and Japan FDA have increased. This has led to high pricing of the medical devices. Primary customers of these devices such as hospitals, commercial diagnostic laboratories & research centers, are adversely affected by the high price of the devices. This is likely to restrain the market during the forecast period. 

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Asia Pacific to Capture Major Share of Global Ophthalmic Diagnostic Devices Market

  • Asia Pacific is a leading market for ophthalmic diagnostic devices, followed by North America and Europe. China and India are key markets in the region. In terms of revenues, the two countries account for more than 30% share of the ophthalmic diagnostic devices market in Asia Pacific.
  • Increase in incidence of eye-related diseases, surge in disposable income, and rise in awareness programs on eye disorders in developing countries in Asia Pacific are likely to drive the market in the region during the forecast period
  • The ophthalmic diagnostic devices market in Middle East & Africa is projected to expand at a rapid pace during the forecast period. This can be attributed to increase in investments in health care in the region. 

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AI in Transportation Market Emerging Factors, Segments, Sales, Profits and Future Outlook

Market Highlights

Increasing adoption of AI in the transportation sector is highly supported by the governments of developed economies. In addition, the developing nations are also inclining towards the adoption of AI technology in the transportation industry. These factors are presumed to augment the AI in transportation industry in the upcoming years. In addition, the utilization of the technology ensures smooth flow of traffic. Increasing road traffic problems over the world is anticipated to drive the expansion of the AI in transportation market in the near future. The sales of automobiles are projected to further increase, which is prognosticated to catapult the AI in transportation market on upward trajectory. Furthermore, AI is expected to find applications in aviation and railways. Rising tourism industry is also forecasted to impact the market greatly. The growing amount of air traffic is anticipated to lead the AI in transportation market growth in the foreseeable future. Technological innovations are further projected to influence the AI in transportation market greatly.

According to Market Research Future (MRFR)’s recently published report, the global AI in transportation market is expected to expand at 18.03% CAGR during the forecast period 2017 to 2023. It has been estimated that the valuation of the market will grow from USD 1.2 Bn in 2017 to USD 3.07 Bn by the end of 2023. The strong value maintained by the transportation industry has paved the way for the swift adoption of AI. The rising need for vehicle and driver safety due to increasing road accidents have catalyzed the demand for AI in transportation. Additionally, the developed country-level markets have already started the production of autonomous cars, which is projected to have a positive influence on the market growth.

Regional Analysis

The global AI in transportation market trends, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is currently leading the global market and is projected to retain its prominence over the next couple of years. The presence of prominent country-level markets and key players are supposed to have a favorable impact on the growth of the market.

Additionally, the region is a pioneer in technological advancements and is well-equipped for the adoption of AI technology in transportation. All these factors are projected to combinedly boost the expansion of the regional market over the assessment period. Meanwhile, the market in Europe exhibits immense potential for growth and development. It is expected to register the highest CAGR during the forecast period. The adoption of autonomous cars, high economic growth rate, thriving automotive sector, etc. are projected to catapult the market on an upward trajectory.

Segmentation:

On the basis of offerings, the AI in transportation market has been divided into hardware and software. The sub-segments of the software segment are AI platforms and AI solutions. The sub-segmentation of the hardware segment covers sensors, GPUs, CPUs, and others.

Based on IoT communications technology, the AI in transportation market has been segmented into 5G, LTE, and LPWAN. 

On the basis of machine learning technology, the AI in transportation market has been segmented into deep learning, natural language processing, computer vision, and context awareness.

Based on application, the AI in transportation market has been segmented into autonomous truck, precision and mapping, semi-autonomous trucks, human-machine interface (HMI), truck platooning, predictive maintenance, and others (driverless buses and smart traffic management).

Competitive Dashboard

AG, NVIDIA Corporation, Robert Bosch GmbH, Microsoft Corporation, Daimler AG, Volvo Group, Scania Group, Magna International Inc, ZF Friedrichshafen AG, MAN SEPACCAR Inc., Valeo SA, Alphabet Inc., Intel Corporation, and IBM Corporation are the key holders of the AI in transportation market share.

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