Chatbot Market Was Valued At USD 190.8 Million In 2016 And Is Expected To Reach $1.25 Billion By 2025: Grand View Research, Inc.

The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/chatbot-market

Further key findings from the report suggest:

  • Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.
  • The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.
  • The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.
  • Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the chatbot market based on end users, applications/business models, types, product landscape, verticals, and regions:

End User Outlook (Revenue, USD Million; 2014 – 2025)

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Application/Business Model Outlook (Revenue, USD Million; 2014 – 2025)

  • Bots for Service
  • Bots for Social Media
  • Bots for Payments/Order Processing
  • Bots for Marketing
  • Others

Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Standalone
  • Web-based
  • Messenger-based/Third Party

Product Landscape Outlook (Revenue, USD Million; 2014 – 2025)

  • Artificial Intelligence
  • Marketing
  • Human Intelligence

Vertical Outlook (Revenue, USD Million; 2014 – 2025)

  • Healthcare
  • Retail
  • Banking, Financial Services, and Insurance (BFSI)
  • Media & Entertainment
  • Travel & Tourism
  • E-commerce
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
    • South Korea
  • South America
    • Brazil
    • Rest of South America
  • MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

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Augmented Reality And Virtual Reality In Healthcare Market Is Projected To Grow At A CAGR Of 29.1% From 2014 To 2025: Grand View Research, Inc.

The global augmented reality & virtual reality in healthcare market is expected to reach USD 5.1 billion by 2025 according to a new report by Grand View Research, Inc. The growing adoption of Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing investments in such emerging technologies, and constant developments in healthcare IT are some of the key factors responsible for growth of this market.

The market is majorly driven by applications in surgical simulations, diagnostic imaging, patient care management, rehabilitation, and health management. The application of AR & VR in training medical professionals provides them enhanced understanding of anatomy & physiology and assists in complicated surgeries that require precision, thus, resulting in reduced complications and lesser trauma. VR helps patients get over their worst fears and phobias through the exposure therapy. These technologies are also gaining significance in fitness management due to the development of various health apps that help train doctors as well as patients.

The use of these advanced technologies in live streaming of surgeries for medical education coupled with patient monitoring & pain management serves as a market opportunity and is predicted to drive the segment substantially. These new disruptive technologies have revolutionized medical field and provide an innovative approach for transforming healthcare experience. The increasing focus on streamlining medical operations along with demand for better delivery of care services are driving the growing adoption of these technologies.

Increase in number of startups has led to higher demand for investments to fund development of AR & VR technologies. The market is witnessing an increase in private investments by various investors, which is expected to boost growth further. For instance, Swiss-based startup MindMaze is a well-funded company that has raised USD 100 million from Hinduja Group for development of VR hardware & software. In addition, increased government funding and supportive initiatives are expected to drive growth.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-in-healthcare-market

Further key findings from the report suggest:

  • The hardware segment held the majority of the revenue share in 2016 due to rise in adoption of wearable devices in healthcare
  • AR dominated the technology segment in 2016 owing to its increasing adoption in surgeries and medical training
  • North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure
  • Asia Pacific AR and VR market is expected to witness a lucrative growth of 33% over the forecast period
  • Some of the key players include CAE HEALTHCARE; GE Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and Philips Healthcare

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the augmented reality & virtual reality in healthcare market on the basis of component, technology and region:

Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
  • Software
  • Service

Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Augmented Reality
    • Surgical Application
    • Rehabilitation
    • Training & Medical Education
  • Virtual Reality
    • Simulation
    • Diagnostics
    • Virtual Reality Exposure Therapy
    • Rehabilitation
    • Pain Distraction

Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Bipolar Disorder Market Is Driven By Technological Advancements That Facilitate Accurate Detection Of A Patient’s Mood And Mental State Till 2025

The global bipolar disorder market is anticipated to reach USD 4.9 billion by 2025, growing at a CAGR of 2.10%, according to a new report by Grand View Research, Inc. Government support for generating awareness about the bipolar disorder and technological advancements that facilitate accurate detection of a patient’s mood and mental state are a few of the factors driving the growth of this market.

The rising prevalence of bipolar disorders is likely to propel market growth in the forecast period. Government initiatives also drive the market growth. For instance, International Bipolar Foundation’s Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) are programs offered by the Social Security Administration (U.S.) for the benefit of the people affected by bipolar disorder.

Besides, technological advancements in smartphones, smartwatches, and wearable devices improve diagnosis rates by capturing physiological, behavioral, and environmental data effectively to detect the patient’s mood and mental state. Online self-management tools also result in timely intervention, thereby improving diagnosis rates and treatment rates for the disorder. However, the patent expiry of blockbuster drugs in this market is likely to impact market dynamics in the forecast period. Additionally, the drugs in the bipolar disorder market are bound to face intense competition from generic drugs, as treatment options for bipolar disorder. Other factors likely to restrain market growth in the forecast period include side effects associated with bipolar drugs, and misdiagnosis of bipolar disorder.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/bipolar-disorder-market

Further Key Findings From the Study Suggest:

  • The antipsychotic segment is expected to dominate the market owing to increasing prevalence of psychosis, and physical illness resulting in depression.
  • The serotonin norepinephrine reuptake inhibitor segment is anticipated to dominate the market in the forecast period. The growth of this segment is due to these drugs being primarily used to treat major depression and bipolar disorder, and having better safety profile and tolerability.
  • North America is expected to dominate global bipolar disorder market. This can be attributed to the high stress levels, insufficient sleep, and trend of substance abuse amongst the population.
  • Some of the major players in this space include GlaxoSmithKline (GSK), Pfizer Inc., Janssen Pharmaceuticals, Eli Lilly, Allergan Plc., Novartis AG, AbbVie Inc., Otsuka Holdings Co. Ltd, and AstraZeneca.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the global bipolar disorder market on the basis of drug class, mechanism of action, and region:

Drug Class Outlook (Revenue, USD Million, 2014 – 2025)

  • Mood stabilizer
  • Anticonvulsant
  • Antipsychotic drugs
  • Antidepressant drugs
  • Antianxiety drugs

Mechanism of Action Outlook (Revenue, USD Million, 2014 – 2025)

  • Selective serotonin reuptake inhibitor
  • Serotonin norepinephrine reuptake inhibitor
  • Tricyclic antidepressants
  • Monoamine oxidase inhibitors
  • Benzodiazepines
  • Beta blockers
  • Others

Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Chemical Tanker Shipping Market Size Was Valued At USD 2,072.6 Billion In 2016 And Is Anticipated To Reach $2.50 Trillion By 2025: Grand View Research, Inc.

The global chemical tanker shipping market is anticipated to reach USD 2.50 trillion by 2025, according to a new report by Grand View Research, Inc. The growing chemical trade on account of increasing manufacturing activities across the world is projected to augment market demand. The disparity in regional production and demand trends has triggered the global trade for chemicals and derivatives.

Organic chemicals such as acetic acid, alcohols, propene, benzene, salt, benzyl acetate, methanol, formic acid, and phenol are some of the vital substances shipped through chemical tankers across the world. The U.S., China, Germany, and Russia are some of the major exporters of chemicals and are expected to foster the global chemical trade over the coming years.

The U.S. will probably grow at a high rate on account of increasing number of fleet owners, shipbuilders & charterers, availability of raw material, and capital inflow from multinational companies. The expanding market of Asia Pacific is one the most significant areas for growth due to the presence of a large number of small manufacturers in the region.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/chemical-tanker-shipping-market

Further key findings from the report suggest:

  • The global chemical tanker shipping market was valued at USD 2.07 trillion in 2016 and is estimated to grow at a growth rate of 2.1% from 2017 to 2025 to reach a market valuation of USD 2.50 trillion
  • Chemical tanker shipping market is concentrated on account of presence of considerable number of fleet operators
  • Competitive freight rates on account of easy availability of containers through freight forwarders and clearing agents places higher power in the hands of buyers
  • Deep sea chemical tanker shipments accounted for the most significant share in 2016 and is projected to grow at the highest CAGR over the coming years on account of extensive international trade
  • IMO III cargo type accounted for the largest volume share in 2016 due to high shipment of vegetable oils & fats and other non-volatile chemicals across regions
  • Asia Pacific accounted for the most significant volume share due to presence of major manufacturing counties such as China and India which have a strong foothold in the chemical industry
  • Chemical tanker shipping companies are expanding their fleets to cater to the growing chemical trade business globally. New entrants in the market are expected to result in excess supply of tankers in the industry, thereby reducing charter rates.
  • Some of the significant chemical tanker charters include Navig8 Group, Odfjell SE, Stolt Nielsen, MSC, Stena Bulk, and Maersk Tankers

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/organic-chemicals-and-compounds

Grand View Research has segmented the global chemical tanker shipping market on the basis of product, shipment route, cargo type, and region:

Product Outlook (Volume, Kiloton; Revenue, USD Million, 2014 – 2025)

  • Organic chemicals
  • Inorganic chemicals
  • Vegetable oils & fats
  • Others

Shipment Route Outlook (Volume, Kiloton; Revenue, USD Million, 2014 – 2025)

  • Inland
  • Coastal
  • Deep sea

Cargo Type Outlook (Volume, Kiloton; Revenue, USD Million, 2014 – 2025)

  • IMO I
  • IMO II
  • IMO III

Regional Outlook (Volume, Kiloton; Revenue, USD Million, 2014 – 2025)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Mining Equipment Market Forecast Worth USD 128.39 Billion By 2025: Grand View Research, Inc.

The global mining equipment market is expected to reach USD 128.39 billion by 2025, according to a new report by Grand View Research, Inc. The growing exploration and drilling activities on a global level are expected to be the key driving forces for the market over the next nine years.

The world economic growth underwent a swift deceleration in the wake of global recession, adversely affecting both emerging and developed economies.The overall mining industry has faced an economic slowdown in the last three years due to declining investments and weak demand from major geographies including Europe and North America.

The industry is expected to start its recovery in 2016 as new sites are expected to be opened up and equipment manufacturers are increasing their capital spending. Untapped regions of Africa, such as Congo and Zambia having substantial metal mines and Latin American countries such as Peru, Brazil, and Chile, are expected to trigger the recovery in the industry.

Mining companies have to cope with the decreasing ore grades and exhaustion of easily accessible mining sites, which has led to the shifting of mining sites to remote locations. These locations involve a higher degree of technical complexity related to infrastructure, labor, and energy consumption. Therefore, a highly efficient equipment is required to cater to this industry over the forecast period. According to FLSmidth, customers are currently puttinga strong focus on productivity and energy efficiency,which was earlier on capacity expansion.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/mining-equipment-industry

Further key findings from the report suggest:

  • The mineral processing machinery market is anticipated to grow at a CAGR of over 7% from 2016 to 2025.This market is expected to remain buoyant throughout the forecast period as it is the foremost process that majority of the ores have to go through post-mining for providing a more concentrated material.
  • Coal mining is expected to account for over 35% of the industry by 2025.The equipment for coal extraction has expanded its purposes and adoption as the excavation of coal has boomed in the recent years.
  • The North American mining equipment market is expected to contribute significantly to the revenue growth as the identification of new natural gas reserves in the U.S. is expected to provide traction to the demand for this equipment.
  • The key players in the mining equipment market include Joy Global Inc., Komatsu Ltd., Sandvik AB, Atlas Copco AB, Metso Corporation, and Caterpillar Inc., among others.The competition in the industry is becoming intense as Chinese manufacturers are coming up with the quality curve at an alarming pace.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the mining equipment market based on the product, application, and region:

Mining Equipment Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Mining drills & breakers
  • Crushing, pulverizing & screening equipment
  • Mineral processing machinery
  • Surface mining equipment
  • Underground mining machinery
  • Others

Mining Equipment Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Metal mining
  • Mineral mining
  • Coal mining

Mining Equipment Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Point Of Care Diagnostics Market Is Predicted To Reach USD 20.9 Billion By 2024: Grand View Research, Inc.

The global point of care (PoC) diagnostics market is anticipated to reach USD 20.9 billion by 2024, according to a new report by Grand View Research, Inc. Rise in the R&D funding and research activities amongst the market players in order to introduce novel POC tests and devices for ease of disease detection and monitoring is expected to fuel industrial progress through to 2024.

Moreover, the introduction of favorable regulatory initiatives in order to promote the development and adoption of POC diagnostic tests is anticipated to propel growth in the coming years. Furthermore, advancement of diagnostic laboratories and adaptation of more integrated and automated lab systems are also factors expected to fuel demand for advanced workflow systems and drive the digital pathology and workflow segment through to 2024.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/point-of-care-poc-diagnostics-industry

Further key findings from the report suggest:

  • Glucose testing accounted for the largest share in revenue in 2015 owing to the higher prevalence of diabetes. Presence of significant product portfolio pertaining to glucose testing in the market and the presence of a number of major players as wells as local manufacturers from different regions are factors attributive to contribute substantially to the revenue generated.
  • Hb1Ac POC tests are more reliable for glucose testing and due to the vast patient base for diabetes management, this segment is second in terms of revenue generation in the POC market only to its counterpart. Owing to the presence of glucose testing segment as a potential market and growing cost effectiveness of Hb1Ac tests, it is expected that over the coming decade it will witness considerable growth in demand and usage
  • POC tests for infectious disease testing, is another segment of prime activity in the point of care industry. This segment includes rapid diagnostic tests for a considerable number of diseases including HIV, HBV, RSV, HPV, Influenza, HCV, MRSA, TB/dr-TB & HSV among others.
  • Owing to the growing incidence of a number of infectious diseases, initiatives taken by a number of governments to implement early diagnosis and screening, and development of rapid tests able to distinguish between a wide number of pathogens this segment has been observed to be at the demand receiving end in the industry for the better half of the last decade and is only expected to witness growth in demand.
  • Hospitals are estimated to be the dominant end-users for POC diagnosis industry owing to higher penetration of products and comparatively higher usage rate for disease monitoring and diagnosis.
  • North America dominated the market in 2015, with over 43% of total revenue. Presence of major entities with widespread distribution network coupled with significant number of research endeavors carried out in the U.S is supportive for the largest share of region. Moreover, point of care diagnostics is a relatively more advanced segment of in vitro diagnostics and owing to the presence of high R&D expenditure, availability of a technologically advanced healthcare infrastructure along with the presence of a number of ongoing government funded research projects are factors accounting for the region’s large share.
  • Asia Pacific is projected to witness lucrative growth in the coming years owing to the developments carried out in developing economies herein in order to develop the healthcare infrastructure and reduce the incidence of target diseases.
  • Major participants of this market include Roche, Abbott Laboratories, Siemens Healthcare, Danaher Corporation, BioMerieux, Johnson & Johnson, Abaxis Inc., Alere Inc., Qiagen N.V., Spectral Diagnostics, Instrumentation Laboratory, Nova Biomedical, Nipro Diagnostics, Trinity Biotech, and Sekisui.
  • Participants are involved in adopting competitive strategies in order to enhance the market presence. These companies are also involved in collaborations with hospitals in order to maintain the market share.
  • For instance, in April 2015, Nipro diagnostics participated in an industry event named AMCP (Academy of Managed Care Pharmacy) in support of providing care to the patients with diabetes.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/clinical-diagnostics

Grand View Research has segmented point of care diagnostics market on the basis of application, end-use, and region:

Global Point of Care Diagnostics Outlook, by Product (Revenue, USD Million, 2013 – 2024)

  • Glucose Testing
  • Hb1Ac Testing
  • Infectious Disease Testing
    • HIV POC
    • Clostridium difficile POC
    • HBV POC
    • Pneumonia or Streptococcus associated infections
    • Respiratory syncytial virus (RSV) POC
    • HPV POC
    • Influenza/Flu POC
    • HCV POC
    • MRSA POC
    • TB and drug-resistant TB POC
    • HSV POC
    • Other Infectious Diseases
  • Coagulation
  • Fertility
  • Cardiac markers
  • Primary care systems
  • Hematology
  • Decentralized Clinical Chemistry
  • Feces
  • Blood Gas/Electrolytes
  • Ambulatory Chemistry
  • Urinalysis
  • Drug Abuse Testing

Global Point of Care Diagnostics Outlook, by End-use (Revenue, USD Million, 2013 – 2024)

  • Clinics
  • Hospitals
  • Assisted Living Healthcare Facilities
  • Laboratory
  • Others

Point of Care Diagnostics Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
    • Spain
    • France
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Singapore
    • Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
  • MEA
    • South Africa
    • Nigeria
    • Kenya
  • UAE
    • Saudi Arabia
    • Qatar
    • Zimbabwe

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Bioresorbable Coronary Stents Market Is Anticipated To Grow At A CAGR Of 15% From 2016 To 2025: Grand View Research, Inc.

Anticipated as well as recently launched global bioresorbable coronary stents market will trigger a revenue increase to USD 247 million by 2025. According to a new report by Grand View Research, Inc., better device attributes of second-generation coronary stents will provide the ascending push to this market.

Bioresorbable stents are intended majorly for the young adult population, whereby these individuals are enabled with a normal functioning artery following complete resorption of the dissolvable devices.Lifestyle diseases and prevalence of associated risk factors underpin the growth in atherosclerosis-related cardiac events. This drives the global disease prevalence in young adults as well as the high volume of elective Percutaneous Coronary Interventions (PCI).

What sets the second-generation bioresorbable coronary stents apart? – Learning from past mistakes, manufacturers have developed new generation bioresorbable with thinner strut thicknesses, faster resorption times, and better radial force. Amaranth, with a single-minded focus on strut thickness, has developed three such devices. Each with a thinner strut. The latest, Magnitude boasts of 100 microns.

Another factor providing a fillip to this market is the less-invasive nature of PCIs as compared to coronary artery bypass grafting, resulting in their high elective procedure volume. In most parts of the world, lack of auditing to check inappropriate surgeries drives the number of coronary stenting procedures. Hence, this market is expected to witness growth due to the high volume of elective PCI, particularly in APAC and Europe.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/bioresorbable-coronary-stents-market

Further Key Findings From the Study Suggest:

  • Europe region is the major contributor for the bioresorbable stents market in 2016. Subsequent to withdrawal of the bioresorbable Absorb BVS, emergence of CE-approved bioresorbable stents hold strong growth prospects for greater sales in the member countries.
  • APAC follows Europe with almost 30% segment share and is expected to record the fastest growth in the future
  • Absorb BVS, among the key brands, engendered the highest sales revenue in 2016, while Absorb 2nd generation device will supersede the sales of its rival devices toward the end of the forecast period
  • North America trails behind as the smallest revenue generator against leading counterparts, Europe and APAC, in this market. Downfall of Abbott’s Absorb BVS, the only approved FDA device, is the underlying reason for the small segment share in the U.S. region.
  • Key players in this space include BIOTRONIK, Meril Lifesciences Pvt. Ltd., Abbott, Elixir Medical Corporation, REVA Medical, Arterial Remodeling Technologies, and Amaranth Medical
  • Strategic efforts undertaken by the companies to gain a higher market share center on bioresorbable coronary stents development. Companies targeting the clinical pipeline have developed second-generation bioresorbable products with better design specifications, such as devices with thinner strut thicknesses and faster absorption rates that gain comparability with the gold standard, drug-eluting metallic stents.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the bioresorbable coronary stents market by brands and region:

Bioresorbable Coronary Stents Brand Outlook (Revenue, USD Million;2016-2025)

  • Absorb BVS
  • Absorb 2nd Generation
  • Magmaris
  • Magnitude
  • MeRes-100
  • DESolve

Bioresorbable Coronary Stents Regional Outlook (Revenue, USD Million; 2016-2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • India

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Industrial Alcohol Market Size Worth $223.63 Billion By 2025: Grand View Research, Inc.

The global industrial alcohol market is expected to reach USD 223.63 billion by 2025, according to a new report by Grand View Research, Inc. Regulatory changes by distinct governments globally, mandating the use of ethanol in gasoline blend as an alternative fuel accompanied by rising demand for ethanol as octane level enhancer is driving the industrial alcohol market.

In terms of revenue, ethanol was estimated as the largest product in 2016 and the trend is anticipated to continue at a growth rate of 9.5% over the forecast period. Increasing need for fuel grade ethanol is driving its growth. On account of rising global greenhouse gas emissions, the requirement for an alternative to fossil fuels in transportation is gaining importance. Owing to its lower emission properties, ethanol among the other biofuels is largely preferred as a clean fuel in transportation. Besides fuel grade, ethanol is also available in food grade variant and is used in many industrial, pharmaceutical and food & beverage applications.

Industrial alcohol can be derived from various sources such as corn, sugarcane molasses, fossil fuels, and from grains. U.S. and Brazil dominated the ethyl alcohol market in terms of both volume and value. Corn is the largest source of ethanol in U.S. whereas sugarcane is the largest source in Brazil.

Methanol, which is largely derived form syn-gas, is used in the chemical industry as an anti-freeze, intermediate, denaturant for ethanol, fuel, and solvent for the production of various chemicals. Besides ethyl alcohol and methyl alcohol, others such as isopropyl alcohol and isobutyl alcohol, are witnessing increased applications in various end use industries.

However, the prices of industrial alcohols are fluctuating owing to the production disequilibrium in the raw materials such as sugar, natural gas and crop based starches such as corn and bagasse

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/industrial-alcohol-market

Further key findings from the report suggest:

  • Asia Pacific is expected to witness the fastest growth, in terms of value, at a CAGR of 9.7% from 2017 to 2025 as large number of automobile manufacturers are manufacturing flexible vehicles that can adopt to gasoline and ethanol blended fuel.
  • Ethanol emerged as the largest product, in terms of revenue, in 2016 and is estimated to be valued at USD 99.04 billion by 2025. In terms of revenue, industrial alcohol applications in personal care and as fuel is expected to register the fastest growth over the forecast period.
  • Methanol was estimated as the largest industrial alcohol consumed in China due to its broad applications in industrial, cosmetic, and pharmaceutical industries. Owing to the growing chemical industries in Asia Pacific region, the demand for methanol is expected to propel over the forecast period.
  • The U.S. industrial alcohol market, in terms of revenue, was valued at USD 28,166.3 million in 2016 and is estimated to reach USD 57,975.2 million by 2025. The U.S. is the largest producer and exporter of ethanol.
  • Key players including Royal Dutch Shell Plc, BASF SE, Eastman Chemical Company have made their presence in the market where as manufacturers such as Greenfield Global, Grain Millers, Inc. and Cargill Inc. have a prominent presence in the global market.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the global industrial alcohol market on the basis of product, source, application, and region.

Industrial Alcohol Product Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • Ethyl Alcohol
  • Methyl Alcohol
  • Isopropyl Alcohol
  • Isobutyl Alcohol
  • Others

Industrial Alcohol Source Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • Grains
  • Sugar & molasses
  • Corn
  • Fossil fuels
  • Others

Industrial Alcohol End Use Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • Food ingredients
  • Fuel
  • Chemicals
  • Pharmaceuticals
  • Personal care
  • Others

Industrial Alcohol Regional Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa
    • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Essential Oil Market To Gain From Increasing Demand For Flavors & Fragrances From Various Applications Including Personal Care And Home Care Till 2024

The global essential oil market is expected to reach USD 13.94 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness as well as willingness to buy organic and natural products is expected to force market participants to employ essential oils in the production process. The shift of focus from synthetic to natural products is likely to trigger market growth over the forecast period.

Increasing demand for flavors & fragrances from various applications including personal care, home care, food & beverages, aromatherapy, etc. has prompted the essential oils demand as these oils are used as key ingredients in fragrances and flavors. Numerous other advantageous product properties such as antiseptic, aphrodisiac, anti-inflammatory, antidepressant, antispasmodic, diuretic, and tonic are expected to boost essential oil demand in industrial, medicinal, and domestic applications.

The lower raw material conversion rate for essential oils production in addition to unique processes requiring massive capital investment is expected to pose challenges to market participants. Limited raw material availability as different crops are grown in the various countries only to obtain high-quality products is also anticipated to challenge the market growth.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/essential-oils-market

Further key findings from the report suggest:

  • Global essential oil market demand was 178.8 kilo tons in 2015 and is expected to exceed 370 kilo tons by 2024, growing at a CAGR of 8.4% from 2016 to 2024
  • Orange oil emerged as the major product and accounted for 29.4% of total market volume in 2015. It is also expected to witness the highest growth rate over the forecast period. Increasing orange oil demand in food & beverages, personal care and cleaning agents is expected to foster the segment growth.
  • Food & beverages industry was the leading consumer of essential oil and accounted for 34.6% of total market volume in 2015. It is also expected to witness the highest growth of 9.0% over the forecast period.
  • Essential oils demand from spa & relaxation application is expected to grow at a CAGR of 8.7% from 2016 to 2024. Essential oils have a great soothing and calming effect on the nervous system and are also beneficial in blood circulation stimulation, which has triggered the essential oils demand from spa & relaxation application segment.
  • Europe was the leading regional market and accounted for 43.5% of global demand in 2015. High demand for food & beverages and natural personal care products has spurred the regional market growth in upcoming years.
  • Asia Pacific essential oil market is expected grow at an estimated CAGR of 9.0% from 2016 to 2024 to emerge as the fastest growing regional market. Increasing interest and awareness regarding essential oils and natural products are expected to foster the regional market.
  • Some leading companies operating in the global market include Biolandes, Sydney Essential Oils, HRF, The Lebermuth Company, Young Living Essential Oils, doTerra, Essential Oils of New Zealand, Sydella Laboratoire, Farotti Essenze, Moksha Lifestyle Products, West India Spices Inc., Falcon and Ungerer Limited.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances

Grand View Research has segmented the global essential oil market on the basis of product, application and region:

Essential Oil Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

  • Orange
  • Corn Mint
  • Eucalyptus
  • Citronella
  • Pepper Mint
  • Lemon
  • Clove Leaf
  • Lime
  • Spearmint
  • Others

Essential Oil Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

  • Medical
  • Food & Beverages
  • Spa & Relaxation
  • Cleaning & Home
  • Others

Essential Oil Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

  • North America
    • S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Middle East & Africa
  • Central & South America

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/

 

Building And Construction Sheets Market To Witness Growth Owing To Increasing Spending In The Construction Industry In Developing Economies Worldwide Till 2025

The global building & construction sheets market is expected to reach USD 195.15 billion by 2025, according to a new report by Grand View Research, Inc. The increasing spending in the construction industry in developing economies is expected to drive demand

The rising infrastructural development activities and growing awareness among consumers pertaining to the advantages of sheets, especially in the emerging economies of Asia Pacific are expected to fuel market growth. In addition, increasing construction spending by governments is projected to fuel the demand in the concerned industry.

The demand for sheets is expected to witness substantial growth on account of increasing penetration of polymer and metal sheets in building applications. The use of metal and polymer sheets in roofing, sound & waterproofing, and HVAC applications is expected to drive the demand for sheets over the forecast period.

Growing population coupled with rapid urbanization & industrialization in developing economies has compelled the government to increase investment in the concerned industry to cater to the growing infrastructural needs. In addition, the market is expected to witness substantial growth in construction sector due to increasing disposable income in developing economies.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/building-construction-sheets-market

Further key findings from the report suggest:

  • Polymer segment are expected to denote a CAGR of 5.6% with increasing penetration in the concerned industry owing to their mechanical properties including high corrosion resistance, tensile strength, low thermal conductivity, and durability
  • Roofing accounted for 22.3% of revenue share in 2016 and the demand is projected to be fueled by the surge in demand for residential real estate in developed as well as developing economies
  • HVAC accounted for the highest growth of 5.8% over the forecast period owing to the rising demand for metal sheets in heating, ventilation, and air conditioning systems to provide comfortable and climate-controlled environment
  • Residential segment accounted for the largest revenue share in 2016 and is likely to indicate a CAGR of 5.6% over the forecast period due to rising demand for sheets from residential HVAC systems, roofing, flooring, windows, and doors
  • Distribution of the product via third-party channels is predicted to display a CAGR of 6.5% on account of rising demand for the product in small quantities for interior decoration, protection, roofing, and decorative flooring through third-party channel
  • Asia Pacific is the fastest-growing region, at a predicted CAGR of 6.0% on account of growing building industry and rising spending on residential construction in the developing economies of India, China, Indonesia, Philippines, Thailand, and Vietnam

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global building & construction sheets market on the basis of product, application, function, end-use, distribution channel, and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Bitumen
  • Rubber
  • Metal
  • Polymer

Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Flooring
  • Walls & Ceiling
  • Windows
  • Doors
  • Roofing
  • Building Envelop
  • Electrical
  • HVAC
  • Plumbing

Function Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Bonding
  • Protection
  • Insulation
  • Glazing
  • Sound & Water Proofing

End-use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Residential
  • Commercial
  • Industrial

Distribution Channel Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Direct
  • Third Party

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • North America
    • S.
  • Europe
    • Germany
    • K
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information visit – http://www.grandviewresearch.com/