Spinal Fusion Market Size, Share, Growth, Trends, Analysis and Forecast 2019 To 2027| Credence Research

The latest market report published by Credence Research, Inc. “Spinal Fusion Market Product Type (Spinal Plating Systems,Pedicle Screw Systems & Rods, Cages, Others), By Procedure Type (Posterolateral Spinal Fusion, Interbody Spinal Fusion, By End-User (Hospitals, Orthopedic Clinics & Centers, Ambulatory Surgical Centers) – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the Spinal Fusion Market was valued at US$ 6,554.2 Mn in 2018 and expected to reach US$ 10,927.9 Mn by 2027 at a CAGR of 5.8% during the forecast period from 2019 to 2027. 

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Market Insights 

The global spinal fusion market is developing productively from 2019 to 2027 accredited to the rise in open and minimally invasive procedures along with enhanced technology expansion worldwide in the field of spinal surgery. The U.S. contributed maximum revenue share in 2018. The market players in the U.S. continue to focus on research & development activities to innovate new applications along with advanced technology. Increasing geriatric population with spinal related disorders (spondylosis, degenerative scoliosis, deformity of the spine, spinal instability) and prevalence for spinal cord injuries will drive the market growth on a global scale. Worldwide, in between 250 000 and 500 000 people suffer a spinal cord injury every year. Increasing adoption of new products (plating systems, screws, rods, cages) in orthopedic clinics and hospitals will drive the demand. 

Top manufacturers are mainly focusing on new technology expansion in developing nations. Innovations in the minimally invasive techniques along with increased awareness will further spur revenue growth during the forecast period. For e.g. in June 27, 2017, DePuy Synthes Products, Inc. announced the acquisition of Sentio, LLC to enable innovation in minimally invasive spine surgery. On September 12, 2018, Johnson & Johnson Medical Devices Companies acquired Emerging Implant Technologies GmbH (manufacturer of 3D-printed titanium implants) to further expand its offering internationally. The domestic and local organizations have easy entree to this market, which makes it the biggest and most critical market for suppliers & providers. The increasing number of hospitals and orthopedic clinics segment expected to register the highest CAGR during the forecast period. Rising spinal surgical procedures in developed nations, adoption of new fusion devices, utilization of 3D printing technology, new product launches, and enhanced reimbursement structure will drive the market growth during the forecast period. 

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 Key Market Movements: 

• Globally, the spinal fusion is growing at a CAGR of 5.8% for the period from 2019 to 2027
• North America dominated the global market in 2018 on account of sophisticated number of open surgeries, key manufacturers have concentrated on the practice of partnerships & collaborations, adoption of new techniques and launch of spinal fusion devices
• The Asia Pacific is projected to register the maximum growth rate during the forecast period due to the increasing elderly and obese population, increased medical expenditure along with the significant prevalence & incidence of spinal cord injuries
• An increasing number of acquisitions, new product expansion, and increased health expenditure in the developing nations will drive the overall demand
• Major players in this vertical are Zimmer Biomet, Johnson & Johnson Services, Inc., Stryker, Orthofix Holdings, Inc., B. Braun Melsungen AG, RTI Surgical Holdings, Inc., Life Spine, Inc., MicroPort Scientific Corporation, Integra LifeSciences, NuVasive, Inc., RTI Surgical Holdings, Inc., Exactech Inc., K2M Group Holdings Inc., Titan Spine LLC and others.

By Product Type (2017–2027; US$ Mn)

• Spinal Plating Systems
• Pedicle Screw Systems & Rods
• Cages
• Others (Hook Fixation Systems, Other Interbody Devices)

By Procedure Type (2017–2027; US$ Mn)

• Posterolateral Spinal Fusion
• Interbody Spinal Fusion

By End-User (2017–2027; US$ Mn)

• Hospitals
• Orthopedic Clinics & Centers
• Ambulatory Surgical Centers 

By Geography Segment (2017-2027; US$ Bn)

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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Photonic Integrated Circuits (PIC) Market Is Expected To Reach US$ 1.31 Bn by 2022 | Credence Research

According to a new market report published by Credence Research Inc. “Photonic IC Market (Optical Communications (Wireless Access Networks, Long Haul and Transport Networks, Data Centers, etc.), Sensing (Engineering, Energy and Utilities, Transport and Aerospace, etc.), Biophotonics (Medical Devices, Photonic Lab-On-A-Chip, etc.), and Optical Signal Processing (Quantum Optics, Quantum Computing, Optical Metrology, etc.)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the photonic integrated circuits market is expected to expand at a CAGR of 25.2% from 2015 to 2022. 

Browse the full report at “Photonic Integrated Circuits (PIC) Market”

Market and Product Insights

Photonic integrated circuit (PIC) is a sophisticated integrated circuit incorporating multiple optical devices/functions into a unique optical package. The main difference between a photonic integrated circuit and an electronic circuit is that photonic ICs use photons as data carriers unlike electronic ICs which use electrons for transferring data. In addition, a photonic integrated circuit is analogous to electronic integrated circuits. The photonic integrated circuits (PIC) market is still in the nascent stage and is poised to offer immense growth potential during the forecast period 2015 – 2022.

Competitive Insights

The global photonic integrated circuits (PIC) market is highly fragmented and competitive. The top four players in the photonic integrated circuits (PIC) market accounted for less than forty five percent of the global market revenue share in 2014. Some of the leading players identified in the photonic integrated circuits (PIC) ecosystem include Infinera Corporation (the U.S.), JDS Uniphase Corporation (the U.S.), Alcatel-Lucent S.A. (France), NeoPhotonics Corporation (the U.S.), Huawei Technologies Co. Ltd (China), Intel Corporation (the U.S.), and Avago Technologies Ltd. (Singapore). In addition, the photonic IC market is characterized by the presence of large number of small players, accounting for trivial market share individually. Some of these players include including Ciena Corporation (the U.S.), Finisar Corporation (the U.S.), Mellanox Technologies Ltd. (Israel) and Luxtera Inc (the U.S.) among others. Competition among existing market players is comparatively high owing to the fragmented nature of the industry. Manufacturers compete on the basis of product innovation and technology differentiation. As such, manufacturers are increasingly focused towards research and development activities. Thus, the intensity of competition in the market is expected to remain high throughout the forecast period 2015 – 2022.

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Key Trends

• Gradual Transition from Analog to Digital Mode of Operation
• Research on Quantum Computing
• Growing Demand from Data Center Applications
• Growing Preference for Photonic ICs over Electronic ICs
• Improved Functionalities Leading to Increased Application Fields

By Application Type

• Optical Communication (Wireless Access Networks, Long Haul and Transport Networks, Data Centers, etc.)
• Sensing (Engineering, Energy and Utilities, Transport and Aerospace, etc.)
• Biophotonics (Medical Devices, Photonic Lab-On-A-Chip, etc.)
• Optical Signal Processing (Quantum Optics, Quantum Computing, Optical Metrology, etc.)

By Material Type

• Indium Phosphide (InP)
• Gallium Arsenide (GaAs)
• Silicon (Si)
• Silicon-on-Insulator (SOI)
• Others (Lithium Niobate, Silicon Nitride, etc.)

By Integration technique Type

• Monolithic Integration
• Hybrid Integration
• Module Integration

By Geography Segment (2016–2026; US$ Mn)

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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Carotenoids Market Is Projected To Reach US$ 1,710.92 By 2022 | Credence Research

According to a new market report published by Credence Research “Carotenoids Market By Source (Synthetic, Natural), Product (Beta-carotene, Lutein, Astaxanthin, Capsanthin, Annatto, Canthaxanthin, Lycopene, Beta-Apo-8-carotenal, Zeaxanthin, Beta-apo-8-carotenal-ester), Application (Food & Beverages, Supplements, Animal Feed, Cosmetics) – Size, Share, Growth, Trends and Segment Forecasts to 2022,” The Global Carotenoids Market Is Projected To Reach US$ 1,710.92 By 2022, Growing At A CAGR Of 4.6% From 2015 To 2022.

The global Carotenoids Market witnessed growth on the back of health benefits associated with carotenoids and shift in trend towards natural colorant.  However, different government guidelines in different countries and toxic effects of carotenoids if consumed in higher quantities are the factors restraining the growth of the market. But in future emerging economies and development of different technology to create higher value natural carotenoids will provide huge market potential and bring in rich gains.

Browse the full report at “Carotenoids Market”

By source, synthetic carotenoids accounted for more than 70% share of the pie in 2014 and projected to maintain its dominance over the next six years. This segment dominates the market as its lesser expensive and requires less labor as compared to the natural carotenoids. However, the natural carotenoids are projected to be the fastest-growing segment and will reach USD 504.18 million by 2022.

By product type, beta carotene accounted for the largest share of the pie followed by lutein and astaxanthin. In 2014, beta carotene accounted 34% share of the pie in terms of value and projected to maintain its dominance over the next six year. Beta-Apo-8-carotenal is projected to be the fastest growing market and projected to grow at a CAGR of 6.0% from 2015 to 2022. Lutein and lycopene are the other two fastest growing market.

By application, demand for carotenoids was highest from the animal feed segment and accounted for 34% share of the market in 2014. As carotenoids is only found in plants and cannot be synthesized by livestock, animals’ requirement of this nutrient is fulfilled by their diet. However, demand for carotenoids is projected to be highest from the supplements segment which is projected to grow at a CAGR of 4.9% during the forecast period.

North America and Europe together accounted for more than 65% share of the market. Europe is the largest for carotenoids and will cross more than USD 600 million by 2022. On the other hand growth Asia Pacific is projected to be highest growing market at a CAGR of 4.9% over the next six years. India and China is not only became the major consumer of carotenoids but also major producers due to availability of abundant raw material, cheap labor and capabilities to produce carotenoids meeting the international standard and demand.

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The global carotenoids market is highly consolidated with DSM and BASF accounting for than 55% share of the market. Moreover, there are many medium and small sized players present in the market but only few accounts for major share of the pie. In parallel, the number of producers of synthetic and algae derived carotenoids rose sharply, which added to the imbalance of supply and demand. In addition, major international players in carotenoids market are being threatened by cheaper imports from China and India.

By Source Type

• Carotenoids Market
• Synthetic Carotenoids Market
• Natural Carotenoids Market

By Product Type

• Beta-carotene
• Lutein
• Astaxanthin
• Capsanthin
• Annatto
• Canthaxanthin
• Lycopene
• Beta-Apo-8-carotenal
• Zeaxanthin
• Beta-apo-8-carotenal-ester

By Application Type

• Food & beverages
• Supplements
• Animal Feed
• Cosmetics

By Geography Segment

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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Beta Carotene Market Is Projected To Reach US$ 572.78 Million By 2022 | Credence Research

In terms of revenue in 2014 the global market for Beta carotene Market was calculated to be USD 436.67 million and is projected to reach USD 572.78 million by 2022, growing at a CAGR of 3.5% from 2015 to 2022. In 2014, in terms of volume the market demand market was 343.72 tons and is projected to reach 423.65 tons by 2022 at a CAGR of 2.7% for the same forecast period.

Browse the full report at Beta Carotene Market

The global market for beta carotene is witnessing growth on the back of rising health concerns and increased importance of intake of beta carotene.  Moreover, shift in trends towards natural ingredients is another factor driving towards the market growth. But, due to excessive intake of beta carotene can cause various effects on the human body therefore it is recommend to consumed in prescribed quantities only. However, rising demand from emerging economies and increasing demand of algae based carotene in functional and heath food provide huge market opportunities.

By product type, in 2014, synthetic beta carotene accounted for more than 70% of the market share in terms of volume as well as revenue. But growth is projected to highest from the natural segment which is projected to grow at a rate of 4.6% in terms of revenue during the forecast period from 2015 to 2022.

By applications type, food and beverages segment accounted for 40% share of the pie in terms of volume and revenue in 2014 and is projected to maintain their dominance during the forecast period. Growth is projected to be highest from the supplements segment which is projected to grow at a CAGR of 3.1% in terms of volume from 2015 to 2022 owing to rising health concerns, increasing awareness about the benefits of beta carotene and busy life style. Cosmetics segment is another major application which will witness potential growth during the forecast period.

In 2014, by region, Europe and North America together accounted for more than 70% share of the pie in terms of volume and revenue. Europe is projected to grow at a rate of 3.1% in terms of volume from 2015 to 2022. The U.S. is the largest market globally for beta carotene and is projected to grow at a rate of 3.5% in terms of revenue. Asia Pacific region is projected to witness fastest growth rate in both, volume and revenue. The Asia Pacific market in terms of revenue is projected to grow at a CAGR of 3.7% from 2015 to 2022. In, Asia Pacific, Japan accounted for the largest share but growth is projected to highest from India and China.  RoW is also projected to witness moderate growth rate.  Economies such as Brazil, Turkey, Saudi Arabia offers huge untapped market opportunities.

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The market for beta carotene is highly competitive, two major players BASF and DSM accounts for 55% share of the market. These European players are facing stiff competition from the Indian and Chinese players. More than 20% share of the pie is accounted by Chinese and Indian Players. There are many other larger, medium, and small manufacturers and private label players present in the market but only accounts for major market share. Some of the other players in this market are Allied Biotech Corp. Ltd, Naturex SA, Chr. Hansen, and Zhejiang NHU Co.,Ltd  among others.

By Product Type

• Synthetic Beta Carotene
• Natural Beta Carotene

By Application Type

• Food & Beverages
• Supplements
• Animal Feed
• Cosmetics

By Geography Segment

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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Healthcare Mobility Solutions Market Is Expected To Reach US$ 123.42 Bn By 2022 | Credence Research

According to a new market report published by Credence Research “Healthcare Mobility Solutions Market By Product and Service Type (Mobile Devices), By Application (Enterprise Solutions, mHealth), By End-user (Payers, Providers, Patients) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the healthcare mobility solutions market is expected to expand at a CAGR of 26.1% from 2015 to 2022.

Browse the full report at “Healthcare Mobility Solutions Market”

Market Insights

The healthcare industry is one of the earliest industries to embrace enterprise mobility, with mobile applications and mobile devices radically contributing towards the overall development of the healthcare ecosystem. Healthcare mobility solutions are the answer to some of the major challenges faced by the healthcare industry, including rising demand for quality health care, rising costs, decreasing returns, dynamic regulatory environment, and increasing error rates among others. Uncertainty about the use and success of enterprise mobility in the initial years is quickly reinstating with the growing awareness and trust among consumers. The healthcare mobility solution market is also characterized by a major change in patient care services with mobility solutions becoming an integral model for both healthcare service providers and patients (individuals). However, potential risk from data theft, and interoperability issues may inhibit the market growth during the forecast period 2015 – 2022.

Competitive Insights

The global healthcare mobility solutions market is highly fragmented and competitive across different end-use markets. The top four players in the healthcare mobility solutions market accounted for less than forty five percent of the global market revenue share in 2014. Some of the leading players identified in the healthcare mobility solutions market include McKesson Corporation (the U.S.), Koninklijke Philips N.V. (The Netherlands), Cerner Corporation (the U.S.), Oracle Corporation (the U.S.), AT&T, Inc. (the U.S.), SAP SE (Germany), and Cisco Systems, Inc. (the U.S.). Other players including AirStrip Technologies, Inc. (the U.S.), Omron Corporation (Japan), Zebra Technologies Corporation (the U.S.), and GE Healthcare (the U.K.) have been marked as promising and emerging players in the healthcare mobility solutions market. Continual focus on product innovation through robust research and development activities is the major go-to market strategy for the players in the market

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Key Trends

• Proliferation of mobile devices such as tablets, smartphones, and PDAs in the healthcare ecosystem
• Integration of advanced wireless/network technologies like 3G and 4G with healthcare devices
• Limited skilled nursing staff and doctors driving the adoption
• Focus on patient-based mobility applications

By Product Type

• Mobile Devices (smartphones, tablets, Personal Digital Assistants (PDA), RFID scanners, barcode scanners, mobile computers, and other mobile devices)
• Mobile Applications
• Enterprise Mobility Solutions

By Application Type

• Enterprise Solutions
• mHealth

By End User Type

• Payers
• Providers (Healthcare service providers including hospitals, clinics, laboratories, nursing homes, and other healthcare facilities)
• Patients  (Individuals)

By Geography Segment

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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Hydraulic Thermoplastic Hose and Couplings Market Is Expected To Reach US$ 814.0 Mn by 2022 | Credence Research

According to a new market report published by Credence Research “Hydraulic Thermoplastic Hose and Couplings Market (Construction Equipment, Agricultural Equipment, Industrial and Material Handling, Lubrication Lines, Power and Telephone Mobile Equipment, and Other End-use Applications) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the hydraulic thermoplastic hose and couplings market is expected to expand at a CAGR of 4.7% from 2015 to 2022, reaching US$ 814.0 Mn by 2022.

Browse the full report at “Hydraulic Thermoplastic Hose and Couplings Market”

Product and Market Insights

A hydraulic thermoplastic hose is a thermoplastic pipe designed to carry fluids necessary for transferring force inside hydraulic machinery. In view of high temperatures and pressures involved in hydraulic applications, choosing right raw material for manufacturing hoses is extremely crucial. Superior characteristics including ability to stand high pressure, high abrasion resistance, and low weight makes thermoplastic a preferred material for manufacturing hydraulic hoses. On the other hand, couplings are used to connect two hoses together at their ends for transmitting the requisite power. Hydraulic thermoplastic hose and couplings find applications in agricultural machinery, construction machinery, industrial and material handling equipment, lubrication lines, and power and telephone mobile equipment among others.

Competitive Insights

The global hydraulic thermoplastic hose and couplings market is matured and concentrated. The top four hydraulic thermoplastic hose and couplings manufacturers account for the lions share in the global market. Gates Corporation (the U.S.), Parker Hannifin Corporation (the U.S.), Eaton Corporation (the U.K.), and Transfer Oil S.p.A (Italy) are identified as the leading hydraulic thermoplastic hose and coupling manufacturers. Other manufacturers including and Nitta Corporation (the U.S.), Polyhose India Pvt. Ltd. (India), RYCO Hydraulics Pty Ltd. (Australia), NRP Jones (the U.S.), Dyna Flex, Inc. (the U.S.), Kurt Manufacturing Co., Inc. (the U.S.), MAC Tubi S.p.A (Italy), ZEC S.p.A. (Italy), and Piranha Hose Products, Inc (the U.S.) have been marked as promising and emerging players in the hydraulic thermoplastic hose and couplings market. The hydraulic thermoplastic hose and couplings market has been plagued by lack of product differentiation. This has resulted in price wars, and is consequently leading to profit crunching. As such, application specific product diversification, and focus on product improvement are some of the key strategies to be adopted by manufacturers across the globe.

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Key Trends

• Construction Industry Regaining its Original Growth Levels Post Economic Recession
• Preference for Thermoplastic Hoses over Rubber Hoses in Hydraulic Applications
• Introduction of Advanced Thermoplastic Fluoropolymer Hoses
• Increased Industrial Production and Agricultural Mechanization

By Product Type

• Hydraulic Thermoplastic Hose
• Hydraulic Couplings

By Application Type

• Construction Machinery/Equipment
• Agricultural Machinery/Equipment
• Industrial and Material Handling Equipment
• Lubrication Lines
• Power and Telephone Mobile Equipment
• Other End-use Applications

By Geography Segment

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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Conditional Access Systems Market Is Expected To Reach US$ 5.27 Bn by 2022 | Credence Research

According to a new market research report published by Credence Research “Conditional Access Systems Market (Smartcard-based and Card-less CAS; Television, Internet Services and Digital Radio) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the global conditional access systems market was valued at US$ 2,364.7 Mn in 2014 and is estimated to expand with a CAGR of 10.5% from 2015 to 2022.

Browse the full report at “Conditional Access Systems Market”

Market Insights

Conditional access system is content protection solution used to restrict the piracy of broadcasting service. These solutions are designed restrict access to any unauthorized user thereby protecting the revenue loss of service providers. The conditional access systems market is segmented on the basis of types into smartcard-based and card-less CAS. Currently, the smartcard-based CAS segment dominates the global market. This is mainly due to the prolonged existence of these CAS as compared to card-less CAS. Card-less CAS are software-based solutions which eliminates the need for any additional physical chip in the receiver. In the coming years, the card-less CAS segment is projected to register the highest growth mainly due to its low cost and better security features.

On the basis of applications, the conditional access systems market is segmented into television, digital radio and internet services. The market is currently dominated by the television segment. With increasing penetration of digital television coupled with the mandatory digital television transition, the demand for set-top boxes is expected to remain high in the coming years. Since conditional access solutions form a component of set-top boxes, the digital television transition is expected spur the CAS market growth extensively in the next few years. Thus, the segment is expected to retain its dominant position throughout the forecast period. Further, with advent of internet services, the segment is expected to achieve the highest growth rate during the forecast period.

Competitive Insights:

The global conditional access systems market is highly consolidated in nature with few top players contributing more than 60% of the total market revenue. Major players operating in the market are Cisco Systems, Inc., Nagravision SA (Kudelski Group), China Digital TV Holding Co., Ltd. and others. These companies primarily focus on partnership and acquisition of other companies in the industry. This helps the conditional access solutions vendors in well establishing their international presence. Additionally, due to intense competition in the market, these companies also focus on development of conditional access solutions for HD and UHD television services.

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Key Trends:

• Shift towards cloud-based conditional access solutions
• Providing advanced conditional access solutions for HD and UHD television service
• Acquisition/partnership with existing players in the industry

By Type

• Smartcard-based CAS
• Card-less (Software-based) CAS

By Application Type

• Digital Television
• Internet Services
• Digital Radio 

By Geography Segment

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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