Thursday, January 21, 2021

Biorationals Market to Reach a New Threshold of Growth by 2024

Global biorationals market size is anticipated to reach USD 2.75 billion by 2024. The Biorationals, also known as “Biopesticides” or “Organic Pesticides”, are plant-related products and natural pesticides. They are insecticides mainly catering to agriculture, forestry, public health, aquaculture, turf, and garden and home for pest control.

The factors that propel the growth of the biorational market include high demand for bio-based products as a substitute to synthetic pesticides, growing adoption of innovative pest management, increasing concern toward food safety with the help of supportable strategies, developing farming technology & practices, and advancement by government administrations.

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On the other hand, there are factors that may hamper the growth of the market including restricted product obtainability and low shelf life of biorationals. Biorational industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Biorationals market could be explored by product type, crop, application, and geography. The market could be explored by product type as Semi chemicals, Botanicals, and Others. The “Semi chemicals” segment led the biorationals industry in 2017 and is anticipated to maintain its dominance by 2024.

Based on crop, the biorational market could span Fruits & Vegetables, Cereals & Grains, and Others (Cash Crops and Plantation). The “Fruits & Vegetables” segment led the market of biorationals in 2017 and is anticipated to maintain its dominance by 2024. The key applications that could be explored in the biorationals industry include Agriculture, Forestry, Aquaculture, Public Health and Others (Structural Pest Control and Turf).

Europe accounted for the major market share of the biorationals in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing food safety concerns among the consumers, increasing the market for processed food. Europe is followed by APEJ owing to increasing occurrences of pesticides pollution in the soil, air, and water bodies. In addition, the Asia-Pacific region is expected to be the highest developing region in the market owing to the growing demand and export of organic vegetable and fruits and predictable to grow in the upcoming years of 2014-2024.

Some of the key players that fuel the growth of the biorational industry comprise Argillan Ltd., Suterra, LLC, Russell IPM Ltd., McLaughlin Gormley King, Rentokil Initial Plc, BASF SE. Bayer AG, Koppert BV, Isagro Spa, Inora, Summit Chemical and Gowan Company, LLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Patient Handling Equipment Market to Witness Astonishing Growth by 2024

Global patient handling equipment market is anticipated to reach USD 23.4 billion by 2024. Patient handling devices are assistive devices that help the patients in nursing homes, hospitals and other medical centers in painless transfer between chair and beds and to other places.

The factors that propel the growth of the patient handling equipment market include increasing occurrence of disabilities resultant in non-communicable diseases, implementation of rules against the manual lifting of heavy loads, high risk of injuries, and increasing aged population. On the other hand, there are factors that may hamper the growth of the market including the lack of training provided to caregivers. Patient handling equipment industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Patient handling equipment market could be explored by product type, type of care, accessories, end user and geography. The market could be explored by product type as Scooters, Wheelchair, Medical Beds, Mechanical, Bathroom Safety, and Ambulatory. The “Medical Beds” segment led the market of patient handling equipment in 2016 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market includes rising saturation of handling equipment in-home care, trauma centers, hospitals, nursing homes, and long-term acute care centers.

Based on type of care, the patient handling equipment industry could span Critical Care, Bariatric Care, and Wound. The “Wound” segment led the industry of patient handling equipment in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes rising occurrences of medical conditions such as acute, critical, and chronic wounds; burns; pressure ulcers; venous leg ulcers; diabetic ulcers; and postoperative injuries.

The patient handling equipment market could be explored based on accessories as Transfer, and Lifting. Based on end user, the market could span Hospital and Home. The “Hospital” segment led the market of patient handling equipment in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes increasing acceptance rate of patient handling equipment for medical safety of caregivers and patients.

Europe accounted for the major share of the patient handling equipment industry in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include robust healthcare infrastructure, and government regulations mandating the use of patient handling. Europe is followed by the North American and Asia-Pacific region.

In addition, North America is anticipated to develop at the highest rate owing to government regulations mandating for the use of patient handling equipment and increasing incidences of non-communicable diseases leading to disability. The growth of the Asia-Pacific region is due to the rapidly growing patient handling industry.

Some of the key players that fuel the growth of the patient handling equipment industry comprise Hill-Rom Holdings, Inc.; Stryker Corporation, Getinge Group; Invacare Corporation; Guldmann, Inc.; Benmor Medical Ltd.; Stiegel Meyer, Inc.; Prism Medical Ltd; ArjoHuntleigh, Inc.; Linet Americas, Inc.; Sidhil, Ltd.; Joerns Healthcare, Inc.; Etac Ltd.; Mangar International Ltd.; and Handicare, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Smart TV Market: New Investment Opportunities

Global Smart TV Market size is expected to reach USD 292.55 billion by 2025. A smart TV is also known as “hybrid or connected TV”. It is a television set that could be connected to the internet through Wi-Fi connection. Smart TV is a technological union between computers and flat screen television sets and set-top boxes. It provides complete home entertainment to the users and allows to use all features donned by smartphones or computers. It offers various features like internet accessibility, GPS system, storage capacity, entertainment features such as music, movies& games, and ability to connect other devices like smartphone or tablet.

Smart TV is integrated with internet connection, which allows users to access popular websites including YouTube, Hulu, Facebook, Amazon Prime, & Netflix. It provides a facility to record TV programs. The Smart TV market is expected to witnesses a CAGR of 9.5% over the forecast period as the scope, product types, and its applications are increasing across the world.

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The rising demand for 4K & HDR resolution TVs ,increasing urban population, changing lifestyles, increasing internet users, growing demand for internet connected multimedia devices, rising disposable income of consumers, high investments in technological advancements by industry players, increasing consumers’ inclination toward high-tech devices, on-going TV network digitization, and rising marketing strategy by key manufactures are the factors anticipated to boost the growth of the market in the forecast period.

However, high cost, lack of awareness about the advancements in developed and under developed nations, rising adoption of smartphones, personal computers or tablets are expected to negatively affect the growth of the market in the forecast period. The market is categorized, based on technology, component, resolution, screen size, screen type, application, and geography.

Screen sizes that could be explored in smart TV include below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches, and above 65 inches. The “46 to 55 inches” display category is expected to hold the largest market share over the forecast period. This growth may be attributed to growing consumer preference toward large-screen displays, and features such as high picture quality and high resolution with Dolby digital sound.

Resolution such as 4K UHD TV, full HD TV, HDTV, 8K TV, and others could be explored in smart TV, in the forthcoming years. The “4K UHD TV” segment is projected to grow at the highest CAGR in the forecast period due to their declining prizes and increasing demand. According to CTA (Consumer Technology Association), the sale of 4K smart televisions is growing because of HDTVs. Many companies have adopted the quantum dot technology and the nanotechnology to improve the picture quality. The Smart TV market may be classified into technology such as liquid crystal display, plasma display panel, light emitting diodes, and organic light emitting diode.

Asia Pacific accounted for 30% share of total market in 2016 and is anticipated to hold the largest market share in the forthcoming years due to the presence of key manufacturers, increasing demand for 4K UHD televisions by the end users, and growing disposable income of the consumers. Similarly, consumers’ inclination toward branded products is anticipated to boost the growth of the Smart TV industry in the years to come. Japan and Korea are the major consumers and producers of the smart TVs. Further, North America and Latin America are expected to follow the market in the coming years.

The key players operating in the Smart TV market are Sony Corporation, Koninklijke Philips N.V., LG ElectronicsInc., TCL Corporation, Hisense, Toshiba Corporation, Videocon Industries, Panasonic Corporation, Onida Electronics, Samsung, Haier Group, Intel Corporation, Microsoft Corporation, Apple Inc., Sharp Corporation, Boxee, Vizio Inc., TELE Systems Electronics S.r.l, Nyxio Technologies Corporation, Logitech International S.A., Yahoo Inc., and Advanced Micro Devices Inc. These market players strongly invest in the expansion of their business and the development to maintain a top position in the market. Also, these players concentrating on new joint ventures, collaborations, agreements, and strategies to improve their production facilities and gain a larger share in the market.

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Wednesday, January 20, 2021

Enterprise Wearable Market is Booming Worldwide

Global enterprise wearable market is anticipated to reach 22.3 billion by 2025 owing to the increasing use of wearable devices by geriatric population due to chronic disorders and growing demand from emerging economies of Asia Pacific region. Enterprise wearables are the wearable consumer gadgets used in industries like healthcare and medical, wellness and fitness, infotainment, industrial & military, etc. In healthcare and medical segment, they monitor vital body signs for probable disorder, in military and industrial purposes, they monitor activities & augment senses. They are also used for advanced lifestyle purposes or entertainment.

Enterprise wearable market is witnessing growth due to the introduction of modern technologies like non-invasive glucose monitoring devices for medical, smart glasses & watches, and wide availability of products from leading manufacturers. The adoption of consumer medical devices is growing due to increasing awareness about health, which increases the demand for enterprise wearables, thereby encouraging enterprise wearable industry. Also, the growing demand of enterprise wearables for heads-up displays in production areas, hand-worn terminals in warehousing & logistics, smart clothing for tracking location, and detecting industrial gases is stimulating the market growth of enterprise wearable.

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However, factors like lack of efficient products, poor user compliance, and lack of enhanced experience are hampering enterprise wearables market. High energy consumption and limited battery life are another restraining factors of the market. Device protection and need for thermal consideration are few challenges for enterprise wearables industry.

Enterprise wearable market is categorized on the basis of product type, technology, end user, and geography. On the basis of product type, the market is divided into eye wear, wrist wear and head wear, and others. Head wear segment is projected to register significant growth due to its increasing use in progressing technologies like AR and VR. Based on technology, enterprise wearable industry is divided into IoT (Internet of Things) and Bluetooth technology. IoT segment holds larger market share of enterprise wearable due to growing expected applications of real-time IoT in various technologies.

On the basis of end user, enterprise wearables market is divided into healthcare, retail, manufacturing, defense, aerospace, and others. Owing to the increasing spending power of consumers and growing healthcare awareness, healthcare segment is expected to dominate the market of enterprise wearables in terms of revenue in the coming years.

Geographically, enterprise wearable industry is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to lead the market of enterprise wearable owing to the increasing adoption of wearable devices for healthcare purposes. The prominent players in enterprise wearables industry are Apple Inc., Adidas AG, Samsung Electronics Co. Ltd, Alphabet Inc., Xiaomi Inc. Seiko Epson Corporation, Misfit Inc., Eurotech S.p.A, Fitbit Inc. and Sony Corporation.

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Superhydrophobic Coating Market Will Create New Growth Opportunities

Global Superhydrophobic Coating Market is estimated to grow considerably in the years to come due to increasing demand for consumer electronics on the global scale. Superhydrophobic coatings virtually improve the performance of any component with the help of applied nanoscale treatments. It helps the bonding of wide range of industrial materials that comprises vitreous products, plastic compounds and metal alloys.

The use of superhydrophobic coating is growing in the electronics segment since it offers protection to components from any kind of damage. Hence, superhydrophobic coating industry is driven by rising demand from consumers for water resistant electronics. Also, booming construction industry that extensively uses composite materials is also encouraging the growth of superhydrophobic costing market. Increasing developments in various industries is also driving superhydrophobic coatings market. Nevertheless, stringent government regulations concerning formulations and coating ingredients is hampering the growth of superhydrophobic coatings industry.

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The increased demand for superhydrophobic coating is stimulating technological enhancements and research and development activities for the development of superior transparent coatings. These coatings will offer high clarity and are potentially proliferating the applications in the near future.

Superhydrophobic coating market is categorized on the basis of application and geography. Based on type, superhydrophobic costing market is divided into carbon nano-tube structures, manganese oxide polystyrene, precipitated calcium carbonate, silica nano-coating, fluorinated silanes, fluoropolymer coatings and zinc oxide polystyrene. Carbon nanotube structures are expected to hold larger market share of superhydrophobic coatings due to properties like high electrical and thermal conductivity, low thermal expansion coefficient, high flexibility, etc.

On the basis of application, superhydrophobic coating industry is divided into building & construction, electronics & telecommunication, medical & health care, textile & leather, automotive and others (optical, power generation, etc.). Construction industry is anticipated to register significant growth owing to the noteworthy progress.

Geographically, superhydrophobic coatings market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to lead superhydrophobic market owing to the presence of fine quality low cost raw material and progressing electronic industry. The major players in superhydrophobic coatings industry include AkzoNobel N.V., PPG Industries, Nippon Paints, RPM International, Incand Sherwin-Williams Company.

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