Automotive Diagnostic Scan Tools Market Trends, Analysis, Growth and Forecast to 2022
The global automotive diagnostic scan tools market has been growing steadily during the past few years. The major factors driving the automotive diagnostic scan tools market are stringent emission norms, increasing number of automotive workshops and increase in usage of electronics in automotive sector. The increasing number of aftermarket repair shops and growing vehicle electronics complexity are increasing the demand of these tools. Factors such as wireless scanning tools and software repair and diagnostic data are the opportunity for the automotive diagnostic scan tools market. The major factor restraining the automotive diagnostic scan tools market is the increase in raw material cost.
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Automotive diagnostic scan tools are arrangement of electronic software and devices that are used as diagnostic system interface in the vehicles. Their usage in the automotive sector is increasing because of the changing consumer’s inclination towards automated diagnostic system from manual system. These are used for the purpose of analyzing and detecting any malfunction in electronic systems in vehicles. These tools also help in upgrading and reprogramming the control modules in automobile. Today’s diagnostic scan tools are very efficient and refined, which are able to analyze very complex codes while executing diagnosis in the vehicle’s body, chassis and powertrain. They are used in auto workshops and service stations for every type of automobile.
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North America was globally the second largest market for automotive diagnostic scan tools in 2015 owing to the growing number of vehicle fleet in the region and increase in the number of auto service stations and workshops. The automotive diagnostic scan tools market is projected to witness the highest growth in Asia-Pacific during forecast period. The shift of automotive industry towards Asia-Pacific is expected to persist in the long run, as the purchasing power and requirement to own personal vehicle is strong in the region.
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Some of the major competitors in the global automotive diagnostic scan tools market include Delphi Automotive PLC, Softing AG, Noregon Systems Inc., AVL List GmbH, General Technologies Corp., Robert Bosch GmbH, ACTIA Group, Vector Informatik GmbH, Denso Corp., and DG Technologies.
Wearable Injectors Market Trends, Analysis, Size and Forecast to 2024
The global wearable injectors market is projected to reach $13,015.9 million by 2024, growing at a CAGR of 23.0% during 2016 - 2024.
Global wearable injectors market worth $2,162.1 million in 2015
As per the research, the global wearable injectors market is likely to grow from $2,162.1 million in 2015 to $13.0 billion by 2024. With the explosive growth of bolus injectors and increasing interest of pharmaceutical companies in collaborating with device manufacturers for drug device combination, the market for wearable injectors is expected to show dramatic rise. The launch of bolus injector expands the usage of wearable injectors from diabetes to other disease segments, as the wearable injectors currently available in market are majorly insulin pumps. The growing need for continuous and subcutaneous drug delivery has developed the demand for wearable injectors among the patients.
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Insights on market segments
As per the findings of the research, cancer is expected to be the largest application area of wearable injectors. According to the analyst, cancer and autoimmune disease are expected to be the major application areas for wearable injectors in the near future. The other key applications of wearable injectors include infectious disease, cardiovascular disease and blood disorders. Also, homecare is expected to be the largest end user of wearable injectors.
Top three players constitute the major market share
The research states that the global wearable injectors market had a consolidated structure in 2015, where the top three competitors accounted for the major share in the global wearable injectors market. Some of the key players operating in the global market are Becton, Dickinson and Company, Medtronic plc, Johnson & Johnson, F. Hoffmann-La Roche Ltd., Insulet Corporation, Unilife Corporation, CeQur SA, Enable Injections, ScPharmaceuticals, Inc., SteadyMed Ltd., Ypsomed Group, West Pharmaceutical Services, Inc. and Canè S.p.A.
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Different companies are collaborating to provide new solutions in the global wearable injectors market. For instance, Ypsomed collaborated with Novo Nordisk in June 2016, where the two companies were expected to provide new solutions in insulin pump therapy. The company’s YpsoPump was compatible with NovoRapid PumpCart by Novo Nordisk. NovoRapid is a prefilled pump cartridge with an insulin analogue that has been especially designed for insulin pumps. The collaboration aimed to simplify the use of insulin for the diabetes patients.
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Hyperspectral Imaging Market Analysis, Size, Development and Forecast to 2022
The global hyperspectral imaging market is witnessing considerable growth due to widening industrial application of hyperspectral, technological advancement in sensor design, increasing demand for data accuracy and consistency, and increasing number of research projects using hyperspectral imaging techniques. Moreover, increasing adoption of hyperspectral imaging in various medical procedures such as ophthalmology, gastrointestinal tract, mucosal membrane analysis, vascular system and surface tissue is supporting the growth of the market. The manufacturing of low cost camera, which are compact and lightweight, is also driving the growth of the market. Based on component, the hyperspectral camera segment is expected to account larger share of the market, due to increasing adoption of hyperspectral technology in defense and commercial applications, technological advancement and development of affordable hyperspectral imaging camera. Moreover, based on application, the life sciences and medical diagnostics is expected to grow at fastest rate during the forecasted period, due to accuracy of image data and analysis and advancement in hyperspectral cameras.
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The rapid growth in emerging economies is expected to create opportunity for the manufacturers of hyperspectral imaging products. However, high cost associated with the use of hyperspectral imaging, lack of skilled professionals, lack of awareness, and analyzing the high amount of imaging data generated are the key factors hampering the growth of the global market.
Geographically, North America has been the largest market for hyperspectral imaging, owing to increased awareness and adoption of hyperspectral imaging technology, adoption of hyperspectral imaging technology for aerial remote sensing application and research, and technological advancement in sensor design of hyperspectral imaging. The U.S. contributed largest revenue to the North American as well as global hyperspectral imaging market. The increasing awareness benefits of hyperspectral imaging in commercial imaging is the key growth driving factor for the U.S. hyperspectral imaging market.
Globally, the hyperspectral imaging market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to the increasing number of research projects, increasing healthcare awareness, mining explorations, and environmental testing.
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The key players operating in the global hyperspectral imaging market are Headwall Photonics Inc., Corning Incorporated, Resonon, Telops Inc., Norsk Elektro Optikk AS, Bayspec Inc., Surface Optics Corporation, Applied Spectral imaging, and Chemimage Corporation.
Automotive Air Suspension System Market Analysis, Development and Demand Forecast to 2022
The global automotive air suspension system market was valued at $4,963.6 million in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 - 2022.Increasing demand for luxury and comfort, and growing demand for premium cars and luxury buses are expected to drive the automotive air suspension market over the forecast period. Moreover, stringent emission control norms and fuel efficiency regulations in different countries is enforcing stringent targets to OEMs. This in turn, has increased the demand for lightweight air suspension system in the automotive industry. For instance, Kenworth Truck Company, a U.S. based manufacturer of medium and heavy-duty Class 8 trucks, introduced air ride suspension system in its vehicles to reduce the weight of suspension system by 400 pounds. ECOmove, an Australian company, developed patented ‘Qbeaks’ suspension composed entirely made of composite materials.
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Among the two technologies of automotive air suspension system, the manual air suspension held the larger share in the global automotive air suspension system market in 2015. However, the electronic air suspension systems segment is the faster growing segment. The consumption of automotive air suspension system was the largest in bus segment in 2015, compared to other vehicle types. The automotive air suspension system market is expected to witness fastest growth in passenger car segment.
Some of the major players operating in the global automotive air suspension system market include Thyssenkrupp AG, Hendrickson International Corporation, Continental AG, WABCO Holdings Inc., Hitachi Ltd., BWI Group, Firestone Industrial Products, Mando Corporation, Accuair Suspension, and Dunlop Systems and Components.
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About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Abhishek
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Point-of-Care Ultrasound Device Market Analysis and Forecast to 2025
The global point of care (PoCUS) device market is expected to grow at a CAGR of 6.9% during 2015 - 2025. The growth of the global market is largely driven by increasing awareness about the benefits of portable ultrasound devices in point-of-care. Several beneficial features such as size, weight, performance and battery life of portable ultrasound devices are increasing their popularity among healthcare providers. Healthcare providers and patients are getting aware about these benefits of portable ultrasound devices in point-of-care. This has created huge traction in the diagnostic imaging industry for developing portable ultrasound devices for point-of-care. Different companies are investing huge capital for miniaturization of ultrasound devices for their efficient use in point-of-care. Some of the other factors driving the growth of the global market include prevalence of chronic diseases, and technological advancements. Increasing penetration of PoCUS device manufacturers in emerging economies is expected to create ample growth opportunities for the global market. However, lack of skilled sonographers and stringent regulatory requirements are the key barriers for the growth of the global market.
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Among the two types of PoCUS devices, the diagnostic PoCUS device segment was the larger contributor to the global PoCUS devices revenue in 2015; whereas, therapeutic PoCUS device is expected to witness the higher growth during the forecast period. Increasing adoption of therapeutic PoCUS devise for the treatment of musculoskeletal disorders is the major factor driving the growth of therapeutic PoCUS device market. Therapeutic PoCUS devices helps to relief pain and inflammation, reduce muscle spasm, speed healing and increases range of motion.
Europe accounted for the largest share in the global market in 2015 due to the technological advancements and high compliance for portable ultrasound devices in point-of-care. The U.S., Japan and Germany were the top three market for PoCUS devices in 2015. The U.S. contributed largest revenue to global PoCUS device market. The country is expected to remain the largest market for PoCUS devices globally during the forecast period. The huge capital investments along with the significant development for portable ultrasound devices in point-of-care are the key driving factors of the U.S. PoCUS device market.
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Some of the players operating in the global market include Hitachi Ltd., Toshiba Medical Systems Corporation, Siemens AG, Koninklijke Philips N.V., Esaote SpA, General Electric Company, Samsung, Mindray Medical International Limited, FUJIFILM Holdings Corporation, and Analogic Corporation.
Automotive Fuel Transfer Pumps Market Trends, Analysis, Development and Forecast to 2022
The global automotive fuel transfer pumps market was valued at $49,052.6 million in 2015, and it is expected to grow at a CAGR of 4.7% during 2016 - 2022. Changing consumer preferences and technological advancements are expected to drive the demand for automotive fuel transfer pumps over the forecast period. The ongoing technological advancements such as interactive safety systems, self-driving cars and vehicle connectivity are expected to change the global scenario of the automotive industry over the forecast period. Currently, automobiles are being launched with smart features and technology that abide with the latest standards such as safety, emission, performance and quality. The demand of such products with superior comfort features is also increasing.
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In past ten years span, the manufacturing companies are actively engrossed in the integration of various technologies such as automatic transmission, gasoline turbochargers, gasoline direct injection and power steering. To fulfill these requirements, dedicated automotive fuel transfer pumps are required for the efficient operation of automobile. With the rapidly changing dynamics of automotive industry, these technologies are likely to augment the growth of global automotive fuel transfer pumps market.
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Some of the major players operating in the global automotive fuel transfer pumps market include Robert Bosch GmbH, Denso Corporation, Continental AG, Aisin Seiki Co. Ltd., Delphi Automotive PLC, Johnson Electric, SHW AG, Magna International Inc., Mikuni Corporation, and JTEKT Corporation.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
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Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Ventilator Market Insight, Size, Development and Demand Forecast to 2022
The global ventilator market was valued at $638.7 million in 2015, and it is expected to grow at a CAGR of 7.7% during 2016 - 2022. The growth of the global market is largely driven by increasing level of air pollution across the globe and growing geriatric population. Some of the other factors driving the growth of the global market include increasing prevalence of respiratory diseases, changing lifestyle, rapid urbanization, increasing healthcare expenditure, and high prevalence of tobacco smoking. Growing demand for home care therapeutic devices and high growth in developing countries are expected to create ample opportunities for the manufacturers of ventilators.
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Ventilator assists patients to breath, or takeover the breathing function completely, depending upon the needs of the patient. It does not treat a disease but is used as life support. It is indicated in respiratory failure conditions cardiac insufficiency and neurological dysfunction conditions.
Among the different end users, the largest revenue was generated from the sales of ventilators in hospitals in 2015. It is mainly used in hospitals for the treatment of sleep apnea, acute lung injury, hypoxemia and obstructive pulmonary disease. The global ventilator market for home care is expected to grow at a CAGR of 8.4% during 2016 – 2022.
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Some of the players operating in the global ventilator market include ResMed, Inc, General Electric Company, Hamilton Medical AG, Koninklijke Philips N.V, Becton, Dickinson and Company, and Medtronic plc.
