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Europe Retains its Position of the Largest Market for Automotive Oil Filter in 2019 and Beyond

According to a recent report by Fact.MR, worldwide sales of automotive oil filter are estimated to surpass US$ 2,400 Mn in 2019, up from US$ 2,329.3 Mn in 2018. Drastic increase in vehicle sales depicts a bright future for the global automotive sector, which in turn is working in favor for the manufacturers of automotive oil filters during the forecast period. Dramatic transformations in the automotive landscape, primarily shaped by evolving customer expectations and new regulations, are further upholding the growth of automotive oil filter market.

“Increasing preference for scheduled servicing and preventive maintenance among vehicle owners to boost their vehicle longevity is resulting in augmented demand for aftermarket parts & services, including automotive oil filters. This, in turn, is likely to pave new avenues of growth of the key stakeholders in the automotive oil filter market”, says the report.

According to the report, synthetic oil filters continue to be the top-selling variant, with global sales estimated to exceed US$ 760 Mn in 2019. High-performance engines in case of new age automobiles require synthetic oil to keep up with the evolving efficiency standards. In line with aforementioned, synthetic oil filters are in high demand, on account of the cutting-edge filtration capabilities.

Independent Aftermarket Steers the Sales of Automotive Oil Filters

As per the research study, independent aftermarket (IAM) will continue to be the most-promising sales channel, with global demand anticipated to surpass US$ 870 Mn in 2019. Demand for routine maintenance parts, including wiper blades, oil filters, brake pads, and others is expected to witness a steep rise, which is a key factor underpinning growth of IAM channels in the automotive oil filter market space.

Key players in the automotive oil filter market are focusing on improvement of filter designs and incorporation of new technologies to boost their product positioning. Companies operating in the automotive oil filter market are offering extended life oil filters, with an objective of meeting the growing demand for extended oil change intervals. One of the key focal points in the manufacturing framework of market players is reinforcing efficiency of automotive oil filters to make them capable of capturing the smallest particles, which in turn will ensure optimal engine performance.

Manufacturers Focus on Quality Production to Offer Distinguishable Offerings

As per the report, the automotive oil filter market remains consolidated among the top 4 companies, namely Mann Hummel GmbH, Fram Group IP LLC, Mahle GmbH, and Robert Bosch GmbH, who account for nearly 40-45% of the global market share. Buoyancy of these companies in the automotive oil filter market can be ascribed to their strong product portfolios coupled with robust operational efficiencies. Manufacturers in the automotive oil filter market are using high-quality and laboratory-controlled materials, which aids them in ensuring that the components, including filter medium, valves, housings, and springs offer the desired performance amid the most-challenging operating conditions.

Manufacturers operating in the automotive oil filter market are also focusing on synchronization of the design & characteristics of valves with specifications & requirements of the automaker, thereby ensuring impeccable functionalities of the oil filters. During the production process, manufacturers in the automotive oil filter market carry out numerous tests to verify the ‘tightness’ using automated measuring machinery, which helps them gauge the possibilities of leakage from the filters.

The Fact.MR report traces opportunities brimming in the automotive oil filter market space over the forecast period of 2017 to 2022. As per the report, the global automotive oil filter market is estimated to register growth at a value CAGR of over 5% through 2022. 


Top Key Players Operating In the Medication Management Market and Growth Opportunities

The global medication management market is growing at a significant rate, due to growing demand for advanced healthcare information system, and growing investments by HIT players. In addition, the growing need for remote patient monitoring services, increasing demand of mHealth technologies, and increasing support from government organizations are also driving the growth of the global medication management market.

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Medications are involved in the treatment of medical conditions and impact every aspect of the patient's life.  Medication errors are the second most common type of medical events reported in healthcare facilities.  Among the various medication errors, medicine omission or overdose occurs most frequently. The reduction of all medication errors would significantly improve the patient safety and quality use of medicines.

Medication management systems enable the accomplishment of prescribing, supply and administration of medicines  electronically. These systems regulate the functions of entire hospital medication procedures, including medicine prescribing by doctors, dispensing of medication by pharmacists, and administration of medicines by nurses. In addition, these systems reduce medication errors through improved prescription legibility, and appropriate dosage calculations.

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Some of the key companies operating in the global medication management market include Cerner Corporation, General Electric Company, McKesson Corporation, QUALCOMM Incorporated, Allscripts Healthcare Solutions Inc., Becton Dickinson and Company, Siemens AG, and Epic Systems Corporation.


Microbiome Sequencing Services Market Forecasts by Market Drivers Till 2023

It is estimated that the global microbiome sequencing services market is expected to register a CAGR ~ 19.22% during the forecast period of 2018–2023, with an estimated market value of USD 555.1 million in 2017.

Numerous factors such as high investment in next-generation sequencing, rising genome mapping programs in various countries, and the demand for microbiome research is anticipated to fuel the growth of the market. Moreover, the increasing investments in next-generation sequencing by various public and private organizations have created a lucrative option for many companies to invest in providing microbiome sequencing services, leading to the overall growth of the market. For instance, according to the data published by the Wall Street Journal in 2016, reported that venture funding in microbiome firms raised by 458.5% to USD 114.5 million from 2011 to 2015.

However, the lack of skilled technicians, and ethical and legal issues related to genome sequencing, and unaffordability of microbiome sequencing services in certain economies is expected to curb the growth of microbiome sequencing services market.

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Global Microbiome Sequencing Services Market: Competitive Landscape

Some of the key players in the global microbiome sequencing services market are

  • Metabiomics Corp.
  • Baseclear B.V.
  • Clinical Microbiomics A/S
  • EPIBIOME
  • Merieux Nutrisciences Corporation
  • Microbiome Insights Inc.
  • Microbiome Therapeutics, LLC.
  • MR DNA
  • Rancho Biosciences
  • Second Genome
  • Ubiome, Inc.
  • Zymo Research Corp.

Microbiome Sequencing Services Market Segmentation

The global microbiome sequencing services market has been segmented into technology, application, and end user. The market, based on technology, has been segmented into Sequencing by Litigation (SBL), Sequencing by Synthesis (SBS), short gun sequencing, targeted gene sequencing, RNA sequencing, and others. The market, by application, has been further segmented into gastrointestinal diseases, infectious diseases, CNS diseases, oncology, and others. The market, by end user, has been segmented into research and academic institutes, pharmaceutical and biotechnology companies, and others.

Microbiome Sequencing Services Market Regional Analysis

The market in the Americas is expected to dominate the global microbiome sequencing services market during the forecast period owing to the increasing per capita healthcare expenditure, and the heavy adoption of new technology in the region. Europe is expected to hold the second largest position in the global microbiome sequencing services market. The market growth in this region is because of the presence of a well-established healthcare system and increase in life-threatening diseases. For instance, according to cancer research UK, there were approximately 9, 921 cases of cancer diagnosed in 2015. Such high rates of cancer are likely to increase demand for use of next-generation sequencing as well as increase the market demands for monoclonal bodies and cellular research. These factors are expected to have a positive impact on the microbiome sequencing services market. Asia-Pacific is estimated to be the fastest growing region in the market due to the huge patient pool of chronic diseases and government initiatives of healthcare reforms. The market in the Middle East & Africa is likely to account for the smallest share of the global microbiome sequencing services market. The market growth in this region owes to the low disposable income in the region. 

Table Of Content

1 Report Prologue

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3 Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Investment Opportunity Analysis

5.4 Pricing Analysis

      TOC Continued….!

 

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Digital Diabetes Management Market Forecasts by Market Drivers Till 2023

The digital diabetes management provide a platform that simplify the tracking of diabetes data. It helps Type 1 and Type 2 diabetes patients to manage blood test results from a glucose meter, records of actual insulin delivery, statistical evaluation.

The increasing prevalence of diabetes, technological advancements, rising demand for selfcare, and involvement of major players in product launch, collaboration, and strategic merger & acquisitions are the major factors driving the growth of the global digital diabetes management market. Additionally, increasing research and development spending by the top players are fueling the growth of the market during forecast period. For instance, in 2017, Medtronic introduce MiniMed 670G first hybrid closed loop system for type 1 diabetes patients. Also, in 2018, Roche Diagnostics and Wellthy Therapeutics Private Limited (India) signed a partnership for offering an artificial intelligence-based digital diabetes coaching solution for users of the Accu-Chek Active system.

The global digital diabetes management market is accounted for USD 4,464.8 million in 2017 and expected to register ~ 23.7 % CAGR during the forecast period (2018–2023). 

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Global Digital Diabetes Management Market: Competitive Landscape

Some of the key players in the global digital diabetes management market are

  • Abbott Laboratories
  • Agamatrix, Inc.
  • Ascensia Diabetes Care Holdings Ag.
  • Braun Melsungen AG
  • Dariohealth Corporation
  • Dexcom, Inc.
  • Hoffmann-La Roche
  • Glooko, Inc.
  • Insulet Corporation
  • Lifescan, Inc.
  • Medtronic PLC
  • Tandem Diabetes Care, Inc.
  • Tidepool

Digital Diabetes Management Market Segmentation

The global digital diabetes management market has been segmented on the basis of type, product and services, end user, and region.

On the basis of type, the market has been classified as wearable devices and handheld devices. Based on product and service market has been classified into devices, data management software and platforms, digital diabetes management apps, and services. The devices have been sub- segmented into smart glucose meters, smart insulin pens, continuous glucose monitoring systems, smart insulin pumps/closed loop systems & smart insulin patches. However, the digital diabetes management apps have been further classified into weight & diet management apps and diabetes & blood glucose tracking apps. The market by end user, has been segmented into homecare, hospitals & specialty diabetes clinics, academic & research institutes, and others. By type, the wearable devices segment is likely to hold the major market share of the digital diabetes management market during the forecast period owing to technical advancement. Also, homecare segment, by end user holds the major market share in the global digital diabetes management market during the forecast period.

Digital Diabetes Management Market Regional Analysis

The market is likely to dominate by Americas during the forecast period owing to the advancement in technology, and favorable reimbursement policies. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, coupled with increasing research and development. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to increasing investments in healthcare, rising number of the diabetes patient, expansions strategy by market players in the region, and favorable government initiatives for healthcare facilities. The market in the Middle East & Africa is likely to account for the smallest share of the global digital diabetes management market. 

Table Of Content

1. Report Prologue

2. Market Introduction

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. Research Methodology

3.1. Introduction

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Opportunities

4.4. Challenges

4.5. Macroeconomic Indicators

4.6. Mega Trends & Assessment

5. Market Factor Analysis

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power Of Suppliers

5.1.2. Bargaining Power Of Buyers

5.1.3. Threat Of New Entrants

5.1.4. Threat Of Substitutes

5.1.5. Intensity Of Rivalry

5.2. Value Chain Analysis

5.3. Investment Feasibility Analysis

5.4. Pricing Analysis

5.5. Regulatory Analysis

5.6. Reimbursement Scenario

       TOC Continued….!

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Dental Biomaterials Market Key Developments Trends, Analysis and Forecasts to 2023

The global dental biomaterials market is expected to register an approximate CAGR of 6.2% during the forecast period, 2018–2023.

Dental biomaterials are fabricated/natural structures used in dentistry. The rising prevalence of dental caries and increasing incidences of dental trauma produces developmental backgrounds for the global dental biomaterials market. Moreover, factors such as increasing dental expenditure, growing dental tourism, and rising investments boost market growth. Developing countries like India are becoming a global spot for dental tourists. This can be attributed due to the cheap and quality dental services provided within the country. A study published by the Journal of Clinical and Diagnostic Research in 2016, stated that in India a typical dental implant costs about USD 600 in comparison to USD 2,000 and 1070 for US and Hungary, respectively. Such trends are estimated to grow the market by utilizing the potential of the Asia-Pacific region. However, factors such as high cost of implants followed by reported cases of peri-implantitis and peri-implant mucositis restraints the market growth. 

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Global Dental Biomaterials Market: Competitive Landscape

Some of the key players in the global dental biomaterials market are

  • Straumann Holding AG
  • Geistlich Pharma AG
  • Zimmer Biomet Holdings, Inc.
  • Danaher Corporation
  • Dentsply Sirona, Inc.
  • 3M Company
  • Royal DSM
  • Carpenter Technology Corporation
  • Kuraray Co., Ltd
  • Medtronic PLC
  • Henry Schein, Inc.
  • Mitsui Chemicals, Inc
  • Victrex PLC
  • Ivoclar Vivadent AG
  • GC Corporation
  • Keystone Dental, Inc.
  • Datum Dental Ltd
  • Bego Medical GmbH
  • Cam Bioceramics B.V.

Dental Biomaterials Market Segmentation

The global dental biomaterials market is segmented on the basis of type, application, and end user.

Based on type, the market is segmented into metallic biomaterials, ceramic biomaterials, polymeric biomaterials, metal-ceramic biomaterials, natural biomaterials. The metallic biomaterials segment is further divided into titanium, stainless steel, and chromium alloys, and others.

The application segment is sub-segmented into implantology, prosthodontics, orthodontics, others.

The end user segment is divided into dental product manufacturers, dental laboratories, dental hospitals and clinics, dental academies, and research institutes.

Dental Biomaterials Market Regional Analysis

The Americas dominates the global market for dental biomaterials. Factors such as the rising prevalence of caries, high dental expenditure, and the presence of major players within the region boost the market. On a regional basis, the Americas is segmented into North America and South America. The North American region is estimated to lead the market owing to the developed economies like the US, Canada, and others within the region. Following similar trends, Europe stood second in the market. Well-developed dental sector and increasing dental patient pool are estimated to drive the regional market of Europe. In 2017, Asia-Pacific was estimated to be the fastest growing region due to increasing awareness for oral health and rapidly growing dental industries. On the other hand, the Middle East and Africa is estimated to occupy the least share in the global dental biomaterials market. Presence of poor economies, lack of awareness, stringent government policies, and low healthcare expenditure restraints the market within the region. 

Table Of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Application Trends & Assessment

5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Pricing Analysis

        TOC Continued….!

 

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Digital Healthcare Market Key Developments Trends, Analysis and Forecasts to 2022

The global digital healthcare market is expected to grow at an approximate CAGR of 11.8% during the forecast period,2018–2023.

The rising demand for wearable medical devices is one of the key factors driving the digital healthcare market. The wearable medical devices are based on the Information Communications Technologies (ICT) network that complements services such as medical and health informatics. These devices create a platform that enables the providers and patients to contact with one another quickly using SMS, calls, or Internet-based video links. In recent years, various devices are launched by market players. For instance, in 2018, Medtronic plc received FDA approval for its Guardian Connect mobile Continuous Glucose Monitor (CGM), along with the paired Guardian Connect App for Apple iOS devices.  

Various other factors such as technological advancements, untapped emerging markets, rising incidence of lifestyle diseases, increasing healthcare expenditure, and cost-effectiveness of devices are also expected to propel the growth of the market.

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Global Digital Healthcare Market: Competitive Landscape

Some of the key players in the global digital healthcare market are

  • AllScripts Healthcare Solutions, Inc.
  • AT & T
  • Athenahealth Inc.
  • Biotelemetry, Inc.
  • Cerner Corporation
  • Cisco Systems
  • EClinicalWorks
  • iHealth Lab, Inc.
  • Koninklijke Philips N.V.
  • LifeWatch AG
  • McKesson Corporatio
  • Qualcomm
  • General Electric Company

Digital Healthcare Market Segmentation

The global digital healthcare market is segmented based on technology, component, end user, and region.

The global market for digital healthcare, by technology, is segmented into telehealthcare, mHealth, and health analytics. The telehealthcare segment is further classified as telecare and telehealth. The telecare segment includes activity monitoring and remote medication management. The telehealth segment includes LTC monitoring and video consultation. The mHealth segment is further classified as wearables and apps. The wearables segment includes BP monitor, glucose monitor, pulse monitor, sleep apnea monitors, neurological monitors, and others. The apps segment includes medical apps and fitness apps.

Based on component, the market is segmented into hardware, software, and services.

Based on end user, the market is segmented into providers, payers, employers, pharmaceutical companies, and others.

Digital Healthcare Market Regional Analysis

The Americas command the largest market for wearable medical devices chiefly due to the presence of huge obese and diabetic population. As per the 2017 data suggested by the Centers for disease control and Prevention (CDC), nearly 9.4% of the US population, i.e., was suffering from diabetes. Moreover, increasing healthcare expenditure and the presence of major market players are also boosting growth within the region.

In 2017, it was estimated that Europe stood second in the global digital healthcare market. This can be attributed to the increasing awareness of health and physical fitness with increasing expenditure on healthcare and rising incidences of chronic diseases.

Asia-Pacific was the fastest growing region in 2017. Presence of a huge population base, huge opportunities for development of the market, digitization in healthcare is the major driving factor for the Asia-Pacific market. Moreover, the demand for innovative technology for continuous monitoring of health drives the market in the Asia Pacific. Japan is the largest market for wearable medical devices.

On the other hand, the Middle East and Africa held the least share in the global digital healthcare market due to the low economic development, especially within the African region.

Table Of Content

1. Report Prologue

2. Market Introduction

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. Research Methodology

3.1. Introduction

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Opportunities

4.4. Challenges

4.5. Macroeconomic Indicators

5. Market Factor Analysis

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power Of Suppliers

5.1.2. Bargaining Power Of Buyers

5.1.3. Threat Of New Entrants

5.1.4. Threat Of Substitutes

5.1.5. Intensity Of Rivalry

5.2. Value Chain Analysis

5.3. Investment Feasibility Analysis

5.4. Pricing Analysis

       TOC Continued….!

 

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Radiofrequency Ablation Devices Market Forecasts by Market Drivers Till 2023

The global radiofrequency ablation devices market is expected to grow at an approximate CAGR of 11.2% during the forecast period of 2018–2023. Factors such as the advantage of radiofrequency ablation over other ablation medical procedures, the success rate of radiofrequency are driving the growth of the market. Moreover, complications such as acute respiratory distress syndrome where success rates are low and burning sensation at the treatment site of tissue are some of the factors hindering the growth of the market.

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Radiofrequency Ablation Devices Market Key Players

Some of the key players in the global radiofrequency ablation devices market are

  • Boston scientific corporation
  • Medtronic Inc
  • Stryker
  • Cosman Medical, Inc.
  • Jude Medical
  • Smith & Nephew
  • Johnson & Johnson (J&J) services, LLC
  • Angiodynamics
  • RF Medical Co, Ltd
  • AtriCure, Inc.

Radiofrequency Ablation Devices Market Segmentation

The global radiofrequency ablation devices market is segmented on the basis of type, application, and region.

On the basis of the type, the global radiofrequency ablation devices market is segmented into Unipolar radiofrequency ablation and Bipolar radiofrequency ablation. By application, the global radiofrequency ablation devices  market is categorized into Surgical Oncology, Cardiology and Cardiac Rhythm Management, Gynecology, Cosmetology, Pain Management.

Radiofrequency Ablation Devices Market Regional Analysis

The Americas dominates the global market for radiofrequency ablation devices owing to the growing geriatric population, increase in cancer cases, an increase in clinical research within the region. Additionally, the increasing awareness about the cardiology treatment and presence of developed economies and healthcare sector within the region drives the market growth during the forecast period. In 2017, it was estimated that Europe stood second in the global radiofrequency ablation devices market due to the increasing prevalence of gynecology, cosmetology, pain management, and others. Asia-Pacific was the fastest growing region for the global radiofrequency ablation devices market in 2017. Factors such as increased innovation and awareness about the available treatment methods fuel the market growth within the region.

On the other hand, the Middle East and Africa hold the least share in the global radiofrequency ablation devices market. The presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East.

Table Of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

      TOC Continued….!

 

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Automotive Rain Sensor Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

The increased demand for safety of drivers in automobiles and comfort features is driving the growth of the global automotive rain sensors market. The adoption of automotive rain sensors is driven by the growing use of advanced electrical features in vehicles. The increasing demand for convenience has forced the original equipment manufacturers (OEMs) to integrate their vehicles with rain sensing wiper technology.

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A rain sensor is used to detect the amount of rain and informs the controller about the same. The water content on the windshield is detected by the rain level sensor and the speed of the wiper is controlled. The microcontroller is responsible for controlling the speed of the wiper electronically. Among the various vehicle types, the passenger car segment is one of the largest revenue contributors to the global automotive rain sensor market.

The light commercial vehicle (LCV) segment is expected to witness growth opportunities in automotive applications, due to the increasing vehicle production in regions such as North America. The North American Free Trade Agreement (NAFTA) has created large opportunities for the automobile industry in Mexico and manufacturers are exporting products in Mexico, which is giving a major boost to North America.

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Robert Bosch GmbH, DENSO CORPORATION, BMW AG, HELLA KGaA Hueck & Co., General Motors are some of the major original equipment manufacturers (OEMs) and suppliers of the global automotive rain sensor market.


VR in Gaming Market and its Growth Landscape in the Foreseeable Future

The technological developments in gaming software and hardware are expected to drive the growth of the global virtual reality in gaming market during the forecast period. Integration of audio and video graphics into an immersive virtual world for gaming purposes has gained huge popularity in the gaming community in the recent years. Advanced technologies, such as interactive graphics and three-dimensional (3D) effects provide real-time experience to the gamer, due to which virtual reality in gaming market is estimated to grow in the near future.

Based on the type of components, the VR in gaming market is bifurcated into hardware and software. The software market is expected to witness faster growth during the forecast period as it provides real-time environment experience to the user and is an integral part of the virtual reality (VR) games. The hardware components include graphic and sound generation equipment, controllers, wearable gaming consoles, such as glasses, gloves, or head mounted display (HMD).

It has been observed that cost of acquiring the equipment and the lack of standout content are hampering the adoption of high-end VR headsets. With these barriers hampering the market growth and VR technology is struggling to gain traction among mainstream consumers, hardware providers in the virtual reality in gaming market are focusing on reducing the cost of their headsets to encourage mass adoption. For instance, during 2017–2018, HTC slashed the price of its Vive VR kit by $200, bringing it down to $599 from $799. Besides, VR content creators are experimenting with narratives and skills to deliver compelling content through VR headsets.

Also, Oculus VR, a Facebook-owned company, unveiled Oculus Quest, all-in-one gaming system built for VR, in September 2018, which is expected to be available in spring 2019 for $399. The virtual reality in gaming market for hardware is expected to grow due to rapidly falling device prices, rising popularity of VR for gaming, and easy availability of VR headsets in the market.

The growing popularity of online gaming is one of the key factors, pushing the growth of the virtual reality in gaming market. Also, VR gaming hardware production leaders like Google, HTC Corporation, and Sony Corporation are developing more mobile and affordable VR headsets. New innovative technologies of VR headsets, which provide freedom of movement along with recreation of basic senses such as sight, hearing, balance, and acceleration, will push the market growth of VR content.

Globally, the North American virtual reality in gaming market is expected to hold the largest share during the forecast period. Big gaming studios in Canada, such as Ubisoft Entertainment, Capcom Co. Ltd., and Electronic Arts (EA) Canada Inc., are expected to push the market growth in terms of VR content development.

While the market in Asia-Pacific (APAC) is estimated to grow at the fastest rate during the forecast period. Fast developing economies in the region such as India, China, and South Korea are witnessing a huge demand for VR games due to their increasing acceptance of VR technology. Also, this technology is expected to become more accessible with time and is expected to create a number of opportunities such as headsets and motion sensors development in the APAC region, while a large chunk of these developments is linked to the North American and European countries.

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Virtual Reality in Gaming Market Dynamics

Growth Drivers

The major drivers pushing the growth of VR in gaming market include development of compact VR gaming devices, constant innovation by gaming industry as well as rise in disposable incomes throughout the globe. VR technology in gaming devices enabling users to move around and interact with the objects of the game, which in turn, providing the user to experience a 3D environment. Thus, these factors are furnishing robust growth to the market and are expected to drive the market in the coming years.

Restraints

The relative lack of awareness about VR technology in games, spatial discomfort, and high prices of gaming devices are some of the major factors hindering the virtual reality in gaming market growth. Also, the growing risk of physical and mental ailments due to prolonged usage of VR gaming devices are repelling the potential customers.

Virtual Reality in Gaming Market – Competitive Landscape

Microsoft Corporation, HTC Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Activision Publishing Inc., Electronic Arts Inc., Kaneva, Linden Research Inc., and Nintendo Co. Ltd are some of the key players operating in the global virtual reality in gaming market. Technology giants, such as Sony Corporation, Oculus VR LLC, and Microsoft Corporation are continuously investing in research and development (R&D) of VR hardware. Also, Nintendo Co. Ltd., Microsoft Corporation, and Sony Corporation are focusing on lowering the price for VR gaming products, which could increase adoption of these products, thus propelling the market growth.


Genotyping Market Projected To Reach $37.1 Billion By 2024 | Grand View Research Inc.

The global Genotyping Market is expected to reach USD 37.1 billion by 2024 according to a new report by Grand View Research, Inc. The increasing demand for genotyping tests to evaluate drug efficacy and safety is one of the major drivers for the genotyping market. Genotyping tests are widely used in selecting a highly responsive, patient population subset against a specific drug candidate before initiating clinical trials. The rising need for affordable genotyping services coupled with the high demand for personalized medicines is also expected to propel the market growth.

Major pharmaceutical companies are collaborating with diagnostic manufacturers for the development of novel biomarker-based therapeutics. Significant opportunities for the growth of this market are anticipated due to the above-mentioned collaborative initiatives.

The increasing awareness for prenatal genetic testing pertaining to early detection of chromosomal abnormalities in the high-risk population, the introduction of technological advancements, and the increasing R&D funding are the other factors accentuating the market growth over the forecast period. 

Further key findings from the study suggest:

  • The reagents and kits segment dominated the product segment in 2015. Extensive usage of reagents for research activities and the wide applicability of the genotyping tests in disease diagnosis and validation are the factors responsible for its large share
  • The reagent and kits segment is also anticipated to witness the highest growth over the forecast period. The major factors responsible for the lucrative growth of this segment are a high amount of R&D activities undertaken by research and academic institutes for the development of novel genetic biomarkers.
  • In 2015, the polymerase chain reaction technology captured a significant market share owing to the higher acceptance levels by researchers and the introduction of technologically advanced and user-friendly products
  • The diagnostic center was one of the largest segments with a market share of over39.0% in 2015. The rising demand for genotyping tests coupled with the high awareness for genetic disorders is a key driver for its large market share. Personalized medicine is expected to grow at a significant growth rate over the forecast period due to the increasing demand for the efficient and fast-acting therapeutics under the precision medicine category.
  • North America held the largest share of the genotyping market in 2015.The rising healthcare expenditure, established R&D infrastructure, and the increasing awareness among doctors for hereditary genetic disorders are the factors contributing to the large share.
  • Asia Pacific is anticipated to be the fastest growing regional segment during the forecast period. The introduction of favorable government initiatives and programs, the geographical expansion of major players in this area, and the growing target population base are some of the factors expected to push forward the market growth.
  • The key players include Affymetrix, Inc., Agilent Technologies, Inc., Genewiz, Inc., Fluidigm Corporation, GE Healthcare GmbH, Illumina, Inc., Thermo Fisher Scientific, Inc., Qiagen NV, and Roche Diagnostics
  • In April 2016, Siemens Healthcare GmbH and Thermo Fisher Scientific, Inc. declared a strategic collaboration for the development of an advanced and integrated genotyping platform. This agreement aimed to introduce enhanced flexibility and customizability to their molecular testing solutions. 

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/genotyping-market



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