Monday, 26 September 2016

Automotive Adaptive Lighting Market: Global Industry Analysis, Market structure and Industry Forecast 2023

According to a new industry research report published by Credence Research“Automotive Adaptive Lighting industry (Technology – Halogen, LED and Xenon; Vehicle Class – Passenger Vehicles, LCV and HCV) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”,the global automotive adaptive lighting industry is projected to cross the US$ 3.55 Bn mark by 2023.
Industry Insights
The conventional light systems used in automobiles do not provide sufficient illumination on curve roads. This makes the illumination unreliable resulting into high possibility of collision on curve roads. According to the U.S. National Highway Traffic Safety Administration, despite the fact only 25% of the overall traffic travels occurs during night time, over 50% of the total number of accidents occur during dark.Thus, it becomes highly essential to develop effective and advanced lighting solutions that can eliminate the need for prediction by drivers on turnings. Adaptive lighting system, also called as adaptive front lighting system (AFS) helps improving visibility of driver during night and hence ensures better safety.
The most significant factor fueling the adaptive lighting systems industry is the steadily rising automotive industry worldwide. These lighting systems are currently popular only in high-end and medium-end cars. Rising middle/upper-middle class population has led to strong demand for medium and high-end cars, especially in the Asia Pacific region. Due to increasing regulations across the industry for driver safety, adaptive lighting systems may soon find large room in low end cars as well. This is another major factor expected to bolster the industry growth in the coming years. As a result, the overall automotive lighting industry is estimated to witness robust growth during the forecast period.
Apart from high costs, virtually, there can be observed few industry restraints and challenges having significant impact over the industry. Some of the major factors influencing the industry growth are fluctuating prices of raw materials and slowing automotive industry across different countries.However, the overall impact of the aforementioned factors is estimated to remain low in the coming years. Thus, the automotive adaptive lighting systems industry is estimated to continue witnessing strong growth during the forecast period.
Competitive Insights:
The demand for automotive adaptive systems, being an integral component of automobiles, is dependent over the automotive industry. Additionally, with the rising competition in the overall automotive industry, automotive and accessories manufacturers increasingly focus on cutting down their costs related to raw materials, OEMs and manufacturing. Thus, products offering lowest cost at the manufacturing end are bound to register the highest growth in the overall automotive adaptive lighting systems industry during the forecast period. Apart from the cost, another factor affecting the attractiveness of product segment is the durability, luminosity and less energy consumption.
Key Trends:
Development of more advanced lighting system equipped with various adapting combinations
Strengthening global sales channel in order to maintain and expand the sales
Shift towards advanced lighting technologies such as LED and Laser
Lighting systems for specific automotive manufacturers
Partnerships with lighting technology providers, automotive component suppliers and other organizations related to the automotive industry
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Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Biological Safety Cabinets market from 2016 to 2023 examined in new market research report

According to the latest report published by Credence Research, Inc. “Biological Safety Cabinets Market (Class I, Class II – type A1, type A2, type B1, type B2; & Class III): Growth, Future Prospects and Competitive Analysis, 2016-2023,” the biological safety/biosafety cabinetsmarket was valued at USD151.4Mn in 2015, and is expected to reach USD267.2 Mn by 2023, expanding at a CAGR of 7.4% from 2016 to 2023.

Market Insights
Investments in R&D initiatives in research, academia and industrial applicationsdue the growing need introduce novel products in the market and handling of critical and bio-hazardous elements has led to growth in demand for biological safety cabinets. Rapid development of biotechnology and research sectors in Asia Pacific on the grounds of government initiatives and outsourcing activities is the key driver of the global biological safety cabinets and laboratory equipment market.

Browse the full report Biological Safety Cabinets Market @ http://www.credenceresearch.com/report/biological-safety-cabinets-market

The need to safeguard product, agent, personnel and environment from biohazard exposure and cross-contamination during procedures is on a gradual rise due to growth in handling of critical agents. Biosafety cabinets are designed for safe handling of such products and are particularly designed for such applications in pharmaceutical, industrial, clinical and life science laboratories.Decision to purchase a particular type of is critical for any laboratory and must be taken based on desired use and capabilities. Biosafety cabinets inn varying degrees offer personnel protection, environmental protection and product protection.
Based on the degree and type of safety provided, the scientific community has established classification criteria to categorize biological safety as class I, class II (type A1, type A2, type B1 and type B2), and class III biosafety cabinets. At present class I cabinets are the most purchased product option in the global marke.t However, with the burgeoning and shuffles occurring in the life sciences industry, the demand for class II biological safety cabinets is the highest and will continue through the forecast period.


Based on geographical distribution, North America is the largest regional market for biological safety cabinets. The region contributed over 30% of the total market revenue in 2016. Flourishing biotechnology, life science and pharmaceutical industries in Asia Pacific will make the region the fastest growing region through 2023 and will closely challenge the dominance of North America and Europe markets. However, high costs of equipment and any possible slag in infrastructural development owing to budget challenges may hold back the growth of this market.
The biological safety cabinets market is highly fragmented considering the presence of a multitude of large- and small-scale market players. The multi-national market players always face challenge from small local players, as the later efficiently compete in terms of product pricing. Rapid introduction of new products, applications and flourishing Asian markets will further intensify the market competition through the forecast period.


About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

 Media Contact
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Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
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Friday, 23 September 2016

Angioedema Treatment Market: Global Industry size, Market strategies and Forecast 2023

According to the latest report published by Credence Research, Inc. “Angioedema Treatment Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the  angioedema market was valued at USD 895.4 Mn in 2015, and is expected to reach USD 1,658.0  Mn by 2022, expanding at a CAGR of 9.2% from 2016 to 2022.
Market Insights
Growth in healthcare investments, prevalence of angioedema and growing high-risk geriatric population are the major factors driving the global market growth for angioedema treatment. North America is the largest regional market at a market share of over 41% in 2015, and the dominance of this region is anticipated to continue through 2022. 
Browse the full report Angioedema Treatment Market @ http://www.credenceresearch.com/report/angioedema-treatment-market
Rising incidence of angioedema and high awareness about treatment and the management of angioedema together drive the North America angioedema market. Asia Pacific is expected to be the fastest growing market in the global angioedema market due to rising prevalence rate in the countries like Japan, China and others. Moreover, the growing research and development in the drug discovery of angioedema would further drive the market during the forecast period.
The treatment types include Antihistamines, Corticosteroids, Autoimmune drugs, antifibrinolytic agents and blood protein controllers. Antihistamines and Corticosteroids accounted for approximately 45% – 50% of the total market share because these are the first line therapies preferred by the medical practitioners and majorly used as supportive therapies and most accessible source of treatment across the globe.
Despite the high cost of new treatment options in comparison to older therapies such as attenuated androgens and antifibrinolytic agents, they are popular with physicians due to the superior control offered over symptoms such as subcutaneous and abdominal swelling. These highly priced drugs have therefore managed to capture a high prescription share. Hence, introduction of new drugs with further improved effectiveness and safety will drive the global angioedema market during the forecast period.
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Monday, 19 September 2016

Guidewires market: Global Industry Analysis, Market Size, Strategies and Forecast to 2023

According to the latest report published by Credence Research, Inc. “Guidewires:MarketGrowth, Future Prospects and Competitive Analysis, 2016-2023,” the global guidewires market was valued at USD 1,840.3 Mn in 2015, and is expected to reach USD 2,912.6 Mn by 2023, expanding at a CAGR of 5.9% from 2016 to 2023.

Market Insights
Growing demand for minimally invasive surgical procedures for targeted treatments is expected to drive demand for guidewires in the global markets. Minimally invasive procedures are rapidly taking over conventional open surgeries due to offered benefit such as quick procedural time, lesser risk of infections, less blood loss, rapid recovery time and cost efficiency. Due to these benefits, minimally invasive procedures are being increasingly adopted for treating chronic conditions, particularly in geriatric patient group.

Browse the full report Guidewires Market @ http://www.credenceresearch.com/report/guidewires-market

The prevalence of coronary and peripheral occlusions is significantly high in senescent population. Cardiovascular diseases are highly prevalent across all the geographiesand is a prime cause of mortality in the world. Sedentary lifestyle, augmented longevity and other occupational and lifestyle hazards are the chief contributors for the growing in incidence of
CVDs, which as a result has contributed to growth in demand for minimally invasive CVD treatments that use guidewires for precise navigation.

Based on product types, the global guidewires market is categorized onto coronary, neurovascular, urological and peripheral guidewires. Coronary guidewires is currently the largest product segment and is expected to further progress at a steady growth rate thus maintaining its lead during the forecast period. High usage rates of coronary guidewires in surgical procedures and favorable reimbursement for the products in the developed markets, along with steady prices of the available products will further provide stability to this segment. Initiatives of manufacturers for containing operational costs and produce further cost effective procedures will open additional avenues for this segment in the emerging markets of Asia Pacific.

Nitinol is gradually becoming the most preferred manufacturing material for stents and guidewires. Their super elasticity and shape memory properties make nitinol an ideal material for navigation tools and miniature implants. Hybrid guidewires, a combination of stainless steel and nitinol is anticipated to be the fastest progressing segment in this category during the forecast period.


Geographically, North America and Europe are the largest regional markets for guidewires. High prevalence of peripheral and coronary occlusions, large pool of geriatric population and well structured reimbursement system in North America and Western Europe are the key contributors to the dominance of these regions on the global front. Rapid and first in line regulatory approval of guidewires in these regions also is a significant phenomenon in these markets. Asia Pacific is the fastest growing market for guidewires. Identification of untapped opportunities, growing awareness, improving healthcare infrastructure and augmented healthcare expenditure are the key drivers in this region. Large senescent population in Japan, China, India and other parts of Asia Pacific and burgeoning medical tourism in the region also contribute to the rapid growth of Asia Pacific guidewires market.
This market is highly competitive and is characterized by rapid technological innovations. Some of the key players engaged in development, manufacture and sale of guidewires are Abbott Laboratories, Johnson and Johnson, Boston Scientific Corporation, Terumo Corporation, Cook Medical, C. R. Bard and several other.


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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Friday, 16 September 2016

Ablation Devices Market: Global Industry Analysis, Market Share and Industry Strategies and Forecast 2023

According to the latest report published by Credence Research, Inc. “Ablation Devices Market(Electrical, Radiofrequency, Cryoablation, Radiation, Laser, Ultrasound, Microwave & Hydrothermal Ablation; Device Types & Applications) : Growth, Future Prospects & Competition Assessment, 2016-2023,” the global ablation devices market was valued at USD10.6 Bn in 2015, and is expected to reach USD21.3 Bn by 2023, expanding at a CAGR of 9% from 2016 to 2023.
Market Insights
Ablation is a minimally invasive therapeutic procedure used for destruction and dissection of diseased tissue. Ablation is commonly used for treatment of conditions such as cancer, ophthalmic disorders urologic diseases, gynecological conditions and orthopedic disorders. Based on device type, this report categorizes ablation devices market into generators, catheters and probes, and disposables and accessories. Generators due to their higher prices and augmenting installation base is the largest device segment in the market.
Browse the full report Ablation Devices Market @ http://www.credenceresearch.com/report/ablation-devices-market
The overall ablation devices market is technologically driven. Other major drivers of this market are growing incidence of chronic target diseases such as cancer and CVD, technological advancements, growing demand for minimally invasive procedures, and rapid growth in the pool of high-risk geriatric population. Conversely, stringent approval requirements and high cost of equipment are the major set of challenges faced towards the market progression. Ablation devices market is highly competitive with existence of a multitude of players closely competing to augment their foothold in the market.
Among the energy types used for delivering ablation, radiofrequency is the most sought technology and has the highest number of products commercially available. Other key segments include ultrasound ablation, laser ablation and electrical ablation. High safety of RF ablation is the key factor contributing to the dominance of RF ablation devices in the global market. However, with the emergence of novel technologies such as cryoablation and microwave ablation, the demand for RF ablation will experience a slight competition, yet not a complete upset in the overall market situation. The growth of microwave ablation segment is high primarily due to high successful treatment outcomes in cancer and efficiency in producing larger ablation zones as against RF ablation.
Ablation devices are widely used in cardiovascular applications, and their demand in cardiology is anticipated to further grow during the forecast period. Domination of this segment is due to perpetual growth in incidence of cardiovascular diseases such as atrial fibrillation worldwide and introduction of novel ablation techniques for atrial fibrillation treatment. North America and Europe together are the largest regional markets for ablation devices. Favorable reimbursement scenario, early product introductions, better awareness and high incidence of chronic diseases are the key factors that drive the dominance of North America and Europe on the global front. On the other hand, growing government healthcare expenditure, rapid evolution of healthcare infrastructure and proliferation of medical tourism will render the swift market growth in Asia Pacific.
This market is highly competitive and is characterized by presence of several existing players and continuous influx of new market entrants. The existing players are increasingly focusing their growth strategies towards establishing their foothold in emerging markets of Asia Pacific and Middle East and Africa. Key players in the global ablation devices market are but not limited to Medtronic, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, AngioDynamics, Olympus Corporation, Atricure, Smith & Nephew PLC and others.
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3D Concrete Printing market demand and industry analysis from 2016 to 2023

According to a new market research report published by Credence Research“3D Concrete Printing Market (Walls, Floors & Roofs, Panels & Lintels; Ready-Mix, High-Density, Precast, Shotcrete) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”,the global 3D concrete printing market stood at US$23.6Mn in 2015and is estimated to expandwith a CAGR of 14.6% from 2016 to 2023.
Market Insights
3D concrete printing is the next big thing for major construction companies across the world. Companies are now increasingly investing on developing 3D concrete printing machine capable of fabricating large concrete structures such as walls, lintels, roofs and also entire house/building. With the emergence of 3D printing technology across different application sectors, construction industry too may soon embrace the cutting-edge technology in order to achieve faster, safer and greener construction. Using 3D concrete printers helps making the overall construction activity economical, environment friendly with more sophisticated designs.
The 3D printing market is majorly driven by the superior advantages of the technology as compared to the traditional construction technique. Some of the most significant advantages observed of using 3D printing technology are listed below:
  • Faster construction process
  • Minimal labor requirement
  • Efficient use of raw materials with minimal wastage
  • Implementation of more sophisticated designs
  • Reduced costs of the overall construction project
  • Less error possibility
Additive manufacturing offers better overall efficiency as compared to the traditional manufacturing processes. As a result, the technology is expected to expand exponentially in the coming years in the construction sector.
Competitive Insights:
The overall 3D concrete printing market is still in its nascent stage and hence fragmented and highly competitive in nature. 3D concrete printing is estimated to be largely used in countries having high labor costs as well as shortage. Thus, companies are currently focusing on reducing the overall price of 3D concrete printers. Another major strategy adopted by the market players is partnership with other players operating in the 3D concrete printing industry. Majority of the partnerships in the market intended towards further research for better and innovative solutions within the 3D concrete printing industry.
Key Trends:
  • 3D printing for constructing complete architectural structure
  • Research for development of innovative solutions for 3D concrete printing
  • Partnership with other firms such as R&D centers and construction companies for further expansion in the sector
  • Focus on residential construction sector
  • Tests for extraterrestrial printed structures using 3D concrete printers
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Tuesday, 13 September 2016

Headphones and Earphones market from 2016 to 2023 examined in new market research report

According to a new market report published by Credence Research, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By Technology (Wired and Wireless Headphones and Earphones), and Sales Channel (Original Equipment Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global headphones and earphones market is expected to witness a steady growth, expanding at a CAGR of 6.2% from 2016 to 2023.

Market Insights:
The global demand for headphones and earphones is primarily driven by the perpetually growing demand for smartphones, tablets, and portable media devices. With the advancements in technology, not only have headphones and earphones become more light weight and compact, but also more feature rich (ex- incorporation of microphones, noise cancellation technology, and water resistant among others).  Consequently, their applications have extended beyond personal entertainment and media to sports, gaming, healthcare, and corporate segments. Furthermore, rise in consumer discretionary income and evolving consumer digital habits is expected propel the demand for headphones and earphones globally.

Browse the Global Headphones and Earphones Market @ http://www.credenceresearch.com/report/headphones-and-earphones-market

Competitive Insights:
The global market for headphones and earphones is highly fragmented and competitive with the leading four manufacturers acquiring less than 45% of the global headphone and earphone market revenue share in 2015.  In order to sustain and compete, manufacturers are required to focus on product innovation and new product developments. In addition, headphone and earphone manufacturers are increasingly focusing on strengthening their distribution channels and hence the reach. This will consequently enable stores to push different headphone and earphone variants into the market. Some of the leading and promising headphones and earphones manufacturers identified in the research study include Beats (Apple Inc.), Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Plantronics Pty Ltd., JVC Corporation, Philips Electronics Ltd., GN Netcom A/S(Jabra), Harman International Industries, Inc. (AKG), and Audio-Technica Corporation among others.


Key Trends:
  • Mobility revolution (Proliferation of Smartphones and Tablets) to assist the market growth
  • Evolving digital habits of consumers
  • Manufacturers are striving to develop smart headphones to take advantage of the growing trend towards health and fitness monitoring
  • Regulated demand for in-ear headphones and earphones
  • Growing preference for wireless headphones and earphones
  • Trend towards lossless audio file formats has opened new avenues for the high-end audio equipment

About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
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Global Diabetic Retinopathy market from 2016 to 2023 scrutinized in new research

According to the latest report published by Credence Research, Inc. “Diabetic Retinopathy Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the  global diabetic retinopathy market was valued at USD 7.9 Bn in 2015, and is expected to reach USD 12.6 Bn by 2022, expanding at a CAGR of 6.7% from 2016 to 2022.

Market Insights:
Perpetual growth in the prevalence of diabetes in middle- and low-income countries and further anticipation of future rise indicates the growth in prevalence of diabetic related complications, and hence diabetic retinopathy. Diabetic retinopathy is among the key causes of legal blindness in working adult population. With overall prevalence of around 34% in the total diabetes population, the burden in form of direct and indirect management cost of diabetic retinopathy is humongous. Treatment for diabetic retinopathy is determined upon the severity of condition, where non-proliferative diabetic retinopathy is excuses from treatment.

Browse the full report Diabetic Retinopathy Market @ http://www.credenceresearch.com/report/diabetic-retinopathy-market

Along with high prevalence of diabetes and hence diabetic retinopathy, wide availability of treatment options also serve as key drivers of this market. At present, diabetic retinopathy is mostly treated with laser treatment and vitrectomy. As the prevalence of macular edema in diabetic retinopathy is on rise, it is anticipated that the demand for treatment drugs and injections will steadily grow. Rise in healthcare expenditure is another key contributor to the growth of diabetic retinopathy market. However, the market growth may be shunted due to shortage of skilled professional for treating diabetes and related complications. The key diabetic retinopathy treatment drugs studied in this report are Aflibercept (Eylea), Bevacizumab (Avastin), Fluocinolone acetonide (Iluvien), Ranibizumab (Lucentis) and Triamcinolone acetonide.


Geographically, this report studies the diabetic retinopathy for North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America markets. These regions are further split into key country-level markets that determine the overall trends in respective regional market. Among the considered geographies, North America and Europe together take over 50% of the global market share for diabetic retinopathy treatments. High awareness, early introduction of breakthrough treatment devices and drugs, extensive research initiatives being taking place in the U.S. and Western Europe and favorable reimbursements are the key factors that contribute to the dominance of these regions.
Phenomenal rise in prevalence of diabetes in India, China and other middle- and low-income countries of Asia-Pacific and Middle East and Africa make these regions the fastest growing geographical markets during the forecast period. Other drivers of diabetic retinopathy market in Asia-Pacific and Middle East and Africa markets are rapid development of healthcare infrastructure, growing focus of market players to develop their foothold in Asia and Middle East markets, and growing government and non-government initiatives for developing awareness about diabetes management in the general population.


About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
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Wednesday, 7 September 2016

Reprocessed Medical Devices Market: Global Industry Size, Market Strategies and Forecast 2023

According to the latest report published by Credence Research, Inc. “Reprocessed Medical Devices Market – (Device Type – Cardiovascular Medical Devices, Orthopedic Medical Devices, Gastroenterology Medical Devices, General Surgery Medical Devices, and Laparoscopic Surgery Medical Devices): Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the  market was valued at USD 1,079.1 Mn in 2015, and is expected to reach USD 2,461.4 Mn by 2022, expanding at a CAGR of 10.6% from 2016 to 2022.
Market Insights:
Increasing pressure to reduce medical waste on medical organization due to environmental concerns are the major factors driving the global reprocessed medical devices market. North America held the largest regional market, accounting for the market share of over 50% in 2015, and is expected to dominate the global reprocessed medical devices market during the forecast period of 2016 to 2022. 
Browse the full report Reprocessed Medical Devices: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 report athttp://www.credenceresearch.com/report/reprocessed-medical-devices-market
Rising pressure of managing hospital expenditure among hospital authorities and reduced pricing and improved quality of reprocessed medical devices are the factors driving the reprocessed medical devices market in the region. Asia Pacific is expected to grow at a highest growth rate during the focus period, due to developing healthcare infrastructure, and reduction in the cost of the medical device which is driving the market in Asia Pacific.
Among the device types, cardiovascular medical devices are the dominating segment in terms of revenue due to its rising incorporation in the cardiac surgeries which is rising worldwide. Devices such as cardiac positioning and stabilization devices, electrophysiology catheters and blood pressure cuffs are the widely used reprocessed medical devices. The electrophysiology catheters held the largest share in the cardiovascular medical device segment. Laparoscopy segment held the second largest share of the market due to the rising demand for minimally invasive techniques, thus presenting opportunities for more reprocessing approvals, spearheading the growth for the laparoscopic segment during the forecast period.
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Disabled and Elderly Assistive Technologies Market: Global Industry Analysis, Market size and Strategies 2016-2023

According to the latest report published by Credence Research, Inc. “Disabled and Elderly Assistive Technologies: Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the disabled and elderly assistive technologies market was valued at USD 17,012.9 Mn in 2015 and is expected to reach USD 27,270.6 Mn by 2022, with the market progressing at a CAGR 7.0%from 2016-2022.
Market Insights   
Assistive technologies are designed to provide additional accessibility to individuals with physical or cognitive difficulties, impairments, and disabilities. The disabled & elderly assistive technologies market comprises of various products such as mobility assistance, assistive furniture, bathroom safety and assistive products, communication aids, incontinence and ostomy products, activity monitors and location monitors. The end users of disabled & elderly assistive technologies are home care, hospitals and nursing homes, and assisted living facilities. Geographical segmentation of global disabled & elderly assistive technologies market comprises North America, Europe, Asia-Pacific, Latin America and Middle East & Africa further segmented into key countries with highest potential in disabled & elderly assistive technologies market.
Browse the full report Disabled and Elderly Assistive Technologies report @ http://www.credenceresearch.com/report/disabled-and-elderly-assistive-technologies-market
The major factors driving disabled & elderly assistive technologies market are high disposable income of baby boomers, rising demand for disabled and elderly assistive technologies, high adoption rate of novel technologies and supportive reimbursement policies. On the other hand, the expansion of the market may be inhibited in the coming years due to rising product prices. Although more developed countries have the oldest population profiles, the vast majority of older people—and the most rapidly aging populations—are in less developed countries. Between 2010 and 2050, the number of older people in less developed countries is projected to increase more than 250%, compared with a 71% increase in developed countries. Market experts suggest this remarkable phenomenon is being driven by decline in fertility and improvements in longevity. With fewer children entering the population and people living longer, older people are making up an increasing share of the total population.
Among the product types, communication aids segment was observed as the largest segment and is anticipated to maintain its lead during the forecast period 2016-2022. The key factors assisting the growth of communication aids product segment are high prevalence of hearing loss, rising aging population and technological advancements. High potential growths in emerging nations have opened an array of opportunities for the market.
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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Pharmacy Automation market demand and industry analysis from 2016 to 2023, Credence Research

According to a new market report published by Credence Research Inc “Pharmacy Automation Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the pharmacy automation market is expected reach US$ 9.55 Bn by 2022, as healthcare providers and retail pharmacies are focusing to reduce incidences of medication errors and adverse drugs effects.  In addition, pharmacists are facing pressure from increasing number patients. Thus, hospital as well as retail pharmacies are installing advanced technologies to reduce medication errors. In addition, retail drug chains across the world are focusing to reduce their operating cost due to rising drug prices and reducing drug reimbursements. Advanced pharmacy automation solutions not only reduce medication errors but also help in inventory management. Automation also reduces number of staff required to manage and control pharmacy operations which reduces cost per employee for healthcare providers. All these benefits are expected spur the demand for pharmacy automation solutions through the forecast period 2016 – 2022.


We have considered automated solutions used in hospital and retail pharmacies. Hospital pharmacies accounted for the largest revenue share of 56.5% in the overall market by end use sector. This segment is expected to see a significant growth with rising installation of prescription management and medication management solutions in large and medium size hospitals across the world. These systems are gaining popularity in the U.S., Europe and Asia Pacific with shifting trend towards patient centric pharmacy systems from product centric pharmacy systems. Retail pharmacy segment is expected to be the fastest growing end use segment for pharmacy automation solutions. Retails pharmacists are focusing to cost per prescription in order to reduce their fixed costs. This is increasing the demand for central prescription filling systems (central prescription dispensing systems) from retail segment. Hospitals are looking for hybrid solutions in which provide benefits of both centralized as well as decentralized systems. However, retail pharmacists are installing centralized automation solutions.


The automated medication dispensing systems is the largest product segment in pharmacy automation market by products. Large size medication dispensing systems are gaining popularity in large size hospitals with increasing awareness about their benefits and advancement in technology. Advanced table top counters integrated with packaging and labeling solutions are gaining popularity in retail as well as hospital pharmacies. Automated compounding devices (ACD’s) segment is predicted to witness fastest growth in the next six years with increasing installation of these solutions in laboratories, hospitals, and pharmacists in order to reduce drugs compounding errors.
North America is the matured market for pharmacy automation solutions as most of the hospitals and retails pharmacy stores are already equipped with these solutions. North America accounted for more than half of the revenue share in the global pharmacy automation market. However, considerable growth is expected in this market as hospitals replacing their outdated solutions with advanced technologies to improve efficiency and patients’ safety. Asia Pacific is expected to witness fastest growth with rising number drug chains and growing medical tourism in the region.
The market comprises large number of multinational players such as CareFusion, AmerisourceBergen Corp, Swisslog Holding Ltd, Omnicell, Kirby Lester, McKesson Corporation, ScritPro and Parata system and others.


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