Category Archives: Professional Services Press Releas

Geriatric Care Services Market share to reach USD 1 Trillion by 2024

The report Geriatric Care Services Market Size By Services (Home Care, Adult Day Care, Institutional Care), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Spain, Japan, China, India, Mexico, Brazil, South Africa), Service type Potential, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Geriatric Care Services Market size is estimated to witness a CAGR of 5% over the period of 2016-2024.The growing emphasis on taking care of the elderly population has aided towards the expansion of geriatric care services market. The increasing ageing population, which is anticipated to surpass 2,000 billion by 2050 (as per the UN) coupled with rising occurrence of chronic diseases in this demography, is likely to augment the geriatric care services industry growth. In addition to this, rising adoption of urban lifestyles resulting into nuclear family trends is creating a need for care taking facilities and healthcare services for the ageing population. Moreover, growing elderly population intending to live independently is likely to be the key factor favoring the growth of geriatric care services industry.

The geriatric care services provide services such as health care, personal care, aiding with daily activities, etc. to the elderly population diagnosed with chronic illness, cognitive disability, or other disorders. Favorable regulations in regards with Medicare and Medicaid reimbursement policies, developments in health care industry, and advancement in technologies such as robotic assistance will further drive geriatric care services industry share.

Cellulose Fiber Market growing at more than 9% CAGR, 2016 – 2024

APAC Cellulose Fiber Market size was beyond USD 7 billion in 2015 and will grow by over 9.5% CAGR up to 2024.Cellulose Fiber Market size is projected to cross USD 39 billion by 2024; as per the latest research report by Global Market Insights, Inc.

Enhancing textile and apparel market will likely be the principal driving factor for global cellulose fiber market growth. Artificial cellulose fibers derived from plant based pulps are heavily used in textile industries for apparel manufacturing. Growing GDP and increasing expendable income coupled with rapidly increasing population, regularly upgrading fashion style, and better quality and cost efficient textiles will have a positive effect on the global textile and apparel market in the upcoming years.

Audiology Devices Market to reach $13bn by 2023

The industry report Audiology Devices Market Size By Product [Hearing Aids Market By Product [In-The-Ear, Receiver-in-the-Ear (RITE), Behind-the-Ear (BTE), Canal], By Technology (Analog, Digital)], Cochlear Implants, BAHA/BAHS, Diagnostic Devices (Tympanometers, Otoscopes, Audiometers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Brazil, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023” by Global Market Insights, Inc. says worldwide audiology devices market is predicted to generate a revenue of more than USD 13 billion by 2023.Rising geriatric population along with frequent cases of sensorineural hearing loss will fuel audiology devices market share substantially. Increasing incidences of deafness is a major health concern, in which regards, several government and organisational initiatives have been launched to spread awareness pertaining to the hearing impairment and encourage the use of audiology devices, which will inturn enhance the audiology devices industry outlook. Moreover, huge R&D investments by the market players to enhance product portfolio and develop innovative hearing aid products will further fuel audiology devices market size over the next few years.

Hearing aids market is anticipated to contribute over 60% of the overall audiology devices industry revenue revenue by 2023. Hearing aids product is mainly divided into behind-the-ear (BTE), receiver-in-the-ear (RITE), in-the-ear, and canal. BTE products contributed majorly towards the hearing aids industry share in 2015 and is expected to be a prominent revenue contributor over the coming years. Canal hearing aids will collect a revenue of more than USD 800 billion by 2023, driven by its ability to fit in the ear canal comfortably.

China Air Compressors Market Growth, Industry Trends and Forecast to 2024 | Hexa Research

The china air compressors market size is projected to reach over USD 9.6 billion by 2024. It could register a CAGR surpassing 7.5 % during the forecast period (from 2016 to 2024). Robust growth of economic scale and the surging demand for different types of air compressor systems in this region can drive the market in the forthcoming years.

Medical Biomimetics Market share to exceed $34.4 bn by 2024

The report Medical Biomimetics Market Size By Product [Cardiovascular, Orthopedic (Prostheses, Exoskeleton), Ophthalmology, Dental], By Application (Plastic Surgery, Wound Healing, Tissue Engineering, Drug Delivery), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, Poland, China, India, Japan, Malaysia, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights Inc. says The medical biomimetics market worth USD 21.4 billion in 2015, is forecast to reach USD 34.4 billion by 2024, growing at a CAGR of 5.5% over the period of 2016-2024.Medical Biomimetics is gaining high popularity as a future technology owing to enhanced support in the form of government funding for conducting advanced research pertaining to this this technology. For instance, the national cancer institute(NCI) and national institutes of health (NIH) are investing heavily in biomimetic tissue-engineering technologies to support the cancer research. Furthermore, growing old-age population, an increase in the rate of organ failure, and breakthroughs in nanotechnology are predicted to fuel the medical biomimetics market growth over the coming years. As per the UN, the global aging population which was nearly 809 million in 2012, is expected to reach approximately 2 billion by 2050. The UNOS (United Network for organ sharing) data figures display that there was a fifteen-fold rise in the number of patients requiring liver transplantation in the past 10 years and it is predicted to grow further in future with the rise in geriatric population as the rate of organ failure in elderly people is higher. This is expected to boost the application of medical biomimetics technologies for organ regeneration.

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Autoimmune Disease Diagnostics Market share to hit $15bn by 2023

According to the research report “Autoimmune Disease Diagnostics Market Size By Product [Systemic (Rheumatoid Arthritis, Ankylosing Spondylitis, Systemic Lupus Erythematosus (SLE)), Localized], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, U.K, Japan, China, Brazil) Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, growing at 2.5% CAGR over 2016-2023, autoimmune disease diagnostics market will get a push owing to the increasing prevalence of autoimmune diseases favorable government norms, rising health awareness, and as enhanced R&D investments globally. As per NIH (National Institutes of Health) estimates, nearly 23.5 million Americans suffer from autoimmune diseases, which is a major factor boosting the demand for autoimmune disease diagnostics services in America.Moreover, rising healthcare expenditure will also positively impact global autoimmune disease diagnostics market due to the growing demand for curtailing the global disease burden expenses. NIH estimates the direct healthcare costs due to autoimmune diseases per annum to be nearly USD 100 billion. Furthermore, technological innovations in healthcare industry such as novel biomarkers, as portable diagnostic devices, genetic testing, etc. will favorably impact global autoimmune disease diagnostics industry trends over the next few years.

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Precision Medicine Market share to hit $88bn by 2023

The growth forecast report “Precision Medicine Market Size By Technology (Big Data Analytics, Gene Sequencing, Drug Discovery, Bioinformatics, Companion Diagnostics), By Application (Oncology, CNS, Immunology, Respiratory), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Scandinavia, Italy, Japan, China, India, Singapore, Mexico, Brazil, South Africa, UAE, Qatar, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, Precision medicine market size is expected to grow at a rate of 10.5% over 2016-2023; with growing occurrence of chronic diseases such as cancer needing more personalized treatments and practices. Precision medicine will allow doctors to predict more accurately the medical treatment, prevention strategies and remedies.Hence, precision medicine is an apt approach that will consider individual variability in genes, lifestyles, and environment. This process allows the researcher to analyze the cause of a patient at the molecular level and then use targeted treatments. Expanding precision medicine trials in cancer genomics and technological advancements such as biomarker-based test kits and next generation sequencing will fast-track global precision medicine market growth.

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Unsaturated Polyester Resins Market size estimates and forecast, 2016 – 2023

Unsaturated polyester resins market size for marine applications is analyzed to witness maximum gains more than 8% CAGR over the estimated period.Unsaturated Polyester Resins Market size is set to surpass USD 12 billion by 2022; according to a new research report by Global Market Insights, Inc.

The overall UPR market share is majorly driven by escalating composite demand across various end-user industries including automotive and construction owing to its superior traits such as light weight, increased durability and low cost. It is preferred in the composite industry to upscale its flexural, mechanical, morphological and thermal characteristics. In 2014, the global composite business generated revenue more than USD 25 bn and is forecast to surpass USD 40 bn by 2022.

Global Silicone Elastomers Market growing at 7.6% CAGR up to 2023

Silicone Elastomers Market size was over USD 7 billion for 2015 and is anticipated to expand at a CAGR of 7.6% during the forecast period. LSR (Liquid Silicone Rubber) is anticipated to expand at a CAGR of 7.2% in terms of value in the forecast period. 

Silicone Elastomers Market size is set to exceed USD 12 billion by 2023; as reported by a new study from Global Market Insights, Inc.

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These are extensively used as an adhesive in electrical & electronics industry. The rise in the demand of electronic gadgets and devices especially cellular phones and other portable electrical products is anticipated to boost global silicone elastomers market consumption.

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