North America to lead aircraft window frame market over 2019-2025

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Increasing production of aircrafts with durable and reliable window frames will increase aircraft window frame market share in the coming years. Regional governments are also considerably backing their air defense budgets to improve national security. Growing use of advanced materials in aircraft window frames and surging commercial fleets to be used for mobility services in the coming years will significantly supplement aircraft window frame market size.

U.S. Aircraft Window Frame Market, By Aircraft, 2018 & 2025, (Units)
U.S. Aircraft Window Frame Market, By Aircraft, 2018 & 2025, (Units)

Mobility as a Service (MaaS) is reshaping the world of transport in ways that were previously presumed insurmountable. After analyzing the success of mobility service on roads, companies are now planning to introduce air mobility services. Indeed, air mobility companies have been working toward launching commercial helicopters that may have the potential to revolutionize aviation applications – from air ambulances and emergency services to cargo delivery.

The innovation of such commercial aircrafts is just an inception that will further translate to the production of many such airplanes, expanding the air mobility service portfolio. Increasing production of commercial helicopters will directly influence aircraft window frame market size. Revolutionary, cutting-edge innovations by aircraft manufacturers are also likely to increase revenue share of aircraft window frame industry.

The expansion of aircraft window frame market will be influenced by the demand of airliners in the military. Lately, the U.S. Air Force was reported to conceptualize plans to buy 80 units of F-15X over the next five years. The deadly fighter jet is equipped with strengthened airframes for increased maneuverability and airframe life span of around 20,000 hours, giving the advanced fighter plane enhanced dogfighting capability.

In 2018, the U.S. defense budget was recorded at around $640 billion and is likely to register growth in upcoming years. The rising defense budget of the nation will also contribute to augment North America aircraft window frame market share, the growth of which will be driven by the presence of multiple aircraft manufacturers, suppliers and distributors in the region.

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The contribution of numerous industry players and concerns about national security will increase the demand for advanced and lightweight components which will influence North America aircraft window frame market outlook. As per estimates, North America will dominate aircraft window frame industry size over 2019-2025.

In the times to come, an increase in the defense budget will be observed not only in North America, but most of the developed and developing economies of the globe. This will lead to an upsurge in the demand for tested aircraft components in the armed forces that will propel aircraft window frame market size.

With the demand of reliable and innovative aircraft window frame material in military and commercial aircrafts, organizations are coming up with the use of several advanced constituents to be used in airplanes. The need of high strength and lightweight automotive window frame material with outstanding corrosion resistance is providing a push to the use of titanium sponge in aircrafts. Titanium also possesses good weldability, owing to which it is often used for airframes.

According to the International Titanium Association (ITA), the aerospace industry is expected to be the largest market for titanium mill products. Growth in the aerospace industry along with the higher use of carbon fiber composites, which are compatible with titanium, are likely to increase the remuneration share of global titanium sponge market, thereby indirectly supporting the growth of aircraft window frame industry share.

Speaking about the cost-effective innovations in aircraft window frame market, Boeing has been reportedly using a new approach to design 787-8 airplane which will have 30 percent lower airframe maintenance costs than any comparable product. The Boeing 787 makes better use of composite materials in its airframes and primary structures than any previous Boeing airliner. The use of the composite materials used for manufacturing aircraft window frames contributes considerably towards improving corrosion resistance, lowering overall weight, and enhancing durability.

Prominent aircraft window frame market players, such as ACE Advanced Composite Engineering GmbH, Otto Fuchs KG, LMI Aerospace, PPG Industries Inc., GKN Aerospace etc., are also using composite materials to enhance certain properties of aircraft window frames.

Aircraft window frame industry is likely to witness extensive growth with the support of government funding for military aircrafts, innovations and future air mobility. The demand of advanced aircraft window frame material to be used in airframes will also contribute to increase the growth of aircraft window frame market. According to a research report by Global Market Insights Inc., aircraft window frame industry share is estimated to exceed $180 million by the year 2025.

Author NameAnchal Solanki

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Strict regulatory norms to drive automotive brake pads market size

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As per the latest research report by Global Market Insights, Inc., automotive brake pads market is projected to be worth more than 10 billion by 2025. The surging production of automobiles across the world is the major driving force for automotive brake pads market. Burgeoning demand for passenger vehicles, due to convenience offered by them, will further raise product demand.

U.S. Automotive Brake Pads Market, By Material, 2018 & 2025, (USD Million)
U.S. Automotive Brake Pads Market, By Material, 2018 & 2025, (USD Million)

The increasing demand for clean and green energy and elevating global air pollution levels have pushed several automakers to launch their own electric vehicles. Japanese automaker Toyota is currently working on six new EVs with plans to roll out the new range by 2025, across the U.S, China, and Europe. Besides the passenger vehicles, the carmaker is also planning to introduce microcars and a smart-car like hatchback. General Motors is also planning to launch a clean version of Hummer. Production of newly launched models will boost the demand for compatible brake systems, thereby fueling automotive brake pads market size.

The demand for brake pads and demand for automobiles go hand in hand. Hence, the factors which boost automotive production will also favor the expansion of automotive brake pads market share. The numerous developments in battery electric vehicles market are also projected to fuel automotive brake pads industry size over the coming years.

The presence of stringent regulatory backdrop regarding brake pad raw materials would limit growth prospects for brake pads manufacturers. For instance, the usage of asbestos is regulated under the Clean Air Act and federal laws like the Toxic Substances Control Act. Since this material is a significant component of several auto parts including brake pads and linings, restrictions on its use are likely to hinder automotive brake pads industry growth.

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The introduction of strict government regulations to promote advanced braking technologies among drivers will benefit the market. For instance, the Indian Ministry of Road Transport & Highways has decided to make advanced brake system mandatory for heavy vehicles with nine seats and above. Favorable government mandates aimed to enhance road safety and reduce accidents will surge the demand for brake pads thereby boosting automotive brake pads market share in the coming years.

Increasing adoption of disk brakes will further accelerate automotive brake pads market growth, owing to a series of advantages including enhanced stopping power. Therefore, increasing installations of disk brakes will accelerate the demand for brake pads, thereby augmenting automotive brake pads industry share.

The increasing pressure from government bodies to reduce emission and promote greener transport offers new growth prospects to brake pads manufacturers in the industry. Companies are now manufacturing eco-friendly brakes free from harmful materials like asbestos, ceramic fibers, lead or nickel. The use of greener materials will result in a significant reduction in fine particle emissions, that would promote product demand among environmentally conscious buyers.

The features of brake pads like optimum performance results, noise suppression, and enhanced safety, would promote its acceptance among renowned car brands, thereby favoring automotive brake pads market outlook.

EV revolution may encourage industry trends. Although sales of passenger vehicles are experiencing a slight slowdown across the world, heavy-duty vehicles seem to be doing well. Recently, General Motors announced a $150 million investment to enhance production of heavy-duty trucks by 40,000 vehicles a year. Owing to the electric revolution heavy-duty vehicles are set to switch from diesel to electric, which could persuade the production of more electric heavy-duty vehicles in the upcoming period. This development could accelerate the demand for front brake pads, which are common in heavy-duty vehicles.

Brake pads impact the overall braking performance, and hence are a vital safety component in automobiles. They deal with challenges such as braking noises, high wear tear, and heat dissipation. Due to the frequent friction applied against metal disk or drum, brake pads wear down over a period of time, generating the need for replacement. Hence, replacement of brake pads will continue to foster automotive brake pads market trends in the coming years.

Author Name : Krithika Krishnan

North America micro data center market to record double-digit CAGR over 2019-2025

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The global micro data center market will witness immense growth in the years to come due to rapid technological advancements in the IT & telecom sector which has led to expansion in data center infrastructures worldwide. As online banking & shopping, satellite navigation systems, smartphones, TV & movie streaming gain traction, relocation of IT infrastructure becomes mandatory. This increases the demand for modular data center architecture that will drive the global micro data center market size.

U.S. micro data center market, by application, 2018 & 2025 (USD Million)

U.S. micro data center market, by application, 2018 & 2025 (USD Million)

The rising need for containerized data centers for corporate offices that consistently relocate their infrastructure will fuel micro data center industry share. With rising workloads, companies are focusing more on data center expansion. However, enterprises are now wanting to make their presence felt on the cloud, leading to the requirement of portable data centers. Micro data centers have a smaller footprint that conventional data centers and look like with integrated systems. The rising requirement for portable solutions in large-scale enterprises for delivering additional IT support will drive micro data center market size.

The healthcare sector will be a major application segment of micro data center industry. Medical care centers demand efficient power systems for consistent access to patient electronic health records. The rise in the number of chronic diseases and patient admissions can sometimes though, put pressure on hospitals, emergency clinics and rehabilitation centers since conventional data center infrastructure requires a huge investment. But miniaturized, portable data centers eliminate a lot of the up-front investment and are being preferred by medical care facilities, that will drive micro data center market size from hospitals.

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North America micro data center market will grow significantly over 2019-2025 driven by robust urbanization and digitization trends. The presence of major multinational companies planning on expanding their operational capacities in the U.S. will drive the North America industry. Most huge enterprises in the U.S. require efficient IT infrastructure for business management. The rising need of huge companies and SMBs for portable solutions will fuel the regional micro data center industry share.

Global Market Insights, Inc., estimates the North America micro data centers market size to register a CAGR of more than 23% over 2019-2025. The growth is driven by the launch of various micro facilities by important technology giants such as Schneider and IBM Corporation. The expansion of data center infrastructure market in the region will also propel North America micro data center industry share.

Prominent industry giants are consistently making investments in portable data center solutions to cater to rising demand from hospitals, IT companies, telecom firms, banking establishments, etc. For example, in March 2019, Schneider Electric had declared the launch of new solutions for micro data centers which combine APC by Schneider’s physical infrastructure with Cisco’s HyperFlex Edge that delivers efficient, fast deployment in edge environments.

Cisco and Schneider Electric’s latest partnership on micro data centers will provide system integrators and IT global channel partners the access to new reference designs for deploying the HyperFlex Edge that can be suitably customized for particular micro data center needs. The rising demand for pre-integrated, physically secure, and remotely monitorable containerized data center solutions and increasing efforts by industry players to provide these services will drive the global micro data center market size.

Some of the other players defining the competitive landscape of micro data center include Advanced Facilities, Inc., Zellabox, Schneider Electric SE, Attom Technology, Eaton Corporation PLC, Panduit Corporation, Delta Power Solutions, Canovate Group, Dataracks, Hewlett-Packard Enterprise Company, STULZ GmbH, Huawei Technologies Co., Ltd., IBM Corporation, Dell Inc., and Vertiv Co.

Companies partaking in micro data center industry share are trying to enhance their presence by coming up with new, more efficient portable data center solutions. Delta Power Solutions has a product portfolio of the Delta InfraSuite – a highly integrated, next-gen modular datacenter solution that uses racks and integrates cooling, lightning protection, wiring, fire control, UPSs, and airflow management together.

Global Market Insights, Inc., claims the overall micro data center market size to cross USD 14.5 billion by 2025.

Author NameSaipriya Iyer

BFSI applications to drive wireless LAN controller market outlook through 2025

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Wireless LAN controller market is estimated to exceed USD 3 billion by 2025, owing to the increasing business need to manage widespread and intricate LAN infrastructure along with the surging acceptance of cloud-based WLAN controllers for managing network devices. Increasing Bring Your Own Device trend, which necessitates the presence of robust network security in enterprises, will drive WLAN controller market growth through 2025. The rising need for integrated connectivity and security for mobile clients also impacts WLAN controller market trends.

APAC Wireless LAN Controller Market Size, By Region, 2018 & 2025 (USD Million)
APAC Wireless LAN Controller Market Size, By Region, 2018 & 2025 (USD Million)

In terms of the application landscape, wireless LAN controller market is bifurcated into government and public sector, IT and telecom, healthcare, BFSI, manufacturing, transportation & logistics, retail, and others. The retail segment is anticipated to exhibit substantial growth between 2019-2025, primarily fueled by surging acceptance of latest technology by the retail sector to offer better customer experience and convenience. The constant increase in the number of retail companies across the globe will further advance WLAN controller market size. For instance, Aldi, supermarket chain with over 10,000 stores in 20 countries, has recently declared plans to open a new store in Chattanooga city, Tennessee, USA this fall.

WLAN controller market size from the BFSI segment is projected to witness modest growth in the foreseeable future, attributed to high adoption of digital platforms, workforce mobility trend, and increasing network complexity. The growing use of network devices and smartphones has burdened network administrators with complex network management tasks, resulting in the adoption of wireless LAN controllers by banking & financial institutions, for optimizing networks and boosting performance.

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The establishment of new financial institutions and technological enhancements in Wi-Fi technology along with the fast-paced expansion of Wi-Fi market will elevate the revenue share of WLAN controller market from BFSI applications. For instance, HSBC, a renowned multinational banking and financial services company, has recently declared plans to open fifty new retail branches in the United States where it previously had no existence. Reportedly, this move is a part of British banking behemoth’s plan to expand services to newer geographies with no prior foothold.

The rapid upsurge in digital data has led to the introduction of AI in BFSI market, which has positively impacted wireless LAN controller market share. Financial enterprises are leveraging artificial intelligence technology to gather, analyze, and report huge chunks of data to retrieve actionable insights regarding customers to serve their requirements better. Expanding artificial intelligence market size, owing to surging adoption across automotive, manufacturing, retail, healthcare, media & advertising, agriculture, and BFSI, would push network management requirements, thereby propelling WLAN controller market size over the future.

Rising urbanization and commercialization, especially across developing nations, will impact the industry growth. According to a report published by Our World in Data website, approximately 4 billion individuals resided in urban areas, whereas 3.4 billion individuals resided in rural regions, in 2016. Over the last 50 years, the share of people living in urban areas more than quadrupled in Nepal and Mali, and more than tripled in Nigeria and Kenya. By 2050, the global population is projected to reach 9.8 billion, and it is anticipated that the number of people living in the urban area (6.7 billion) will be double of that in the rural area (3.1 billion).

Growing urbanization and commercialization directly influence infrastructure development, healthcare, IT and Telecom, retail, manufacturing, transportation, BFSI, and various other sectors. As these sectors are the leading consumers of wireless technology, they are projected to support WLAN controller market share over the future. Expansion of the enterprise wireless local area network market is also bound to fuel WLAN controller market growth.

The increasing number of efforts by major companies present in wireless LAN controller market, to gain a competitive edge, will substantially fuel market share. Many organizations are taking huge steps towards innovation and new product development, to accelerate the shift towards cloud-enabled network services and ensure enhanced management & security of wireless LAN solutions. Global Market Insights, Inc. claims that large enterprises will accrue over 55% of wireless LAN controller market share through 2025.

Author NameNikita Chaurasia

APAC sodium metasilicate pentahydrate market to showcase an appreciable CAGR over 2019-2025

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Sodium metasilicate pentahydrate market is gaining immense traction owing to proliferation in the global textile industry. Acknowledged for its fast dissolving capability, sodium metasilicate pentahydrate (SMP) is mainly used as a builder in soaps and detergents. SMP is preferred in liquid detergents due to its high-water solubility (36%). It is also a strong buffering agent which can avoid large changes in pH and can protect surfaces against corrosion. In addition, SMP can be used as hardening accelerator of cement slurry.

U.S. 29% Sodium Metasilicate Pentahydrate Market Size, 2018 & 2025, (Kilo Tons)

  U.S. 29% Sodium Metasilicate Pentahydrate Market Size, 2018 & 2025, (Kilo Tons)

With rapid urbanization and increased standard of living, the demand for washing products, cosmetics, cleaning agents and construction materials has increased significantly in the past couple of years, supporting utilization of SMP. Significant technological advancements and developments of new cleaning products have enhanced the penetration of detergents in developing countries, boosting market share.

In the textile industry, SMP is used as a hydrogen peroxide (H2O2) stabilizer in cotton bleaching processes and jeans & stone washing. Being alkaline, the product used extensively to manufacture various types of detergents pertaining to its grease and oil removal and cleaning capability. It also has a detergent and buffering action which supports removal of oils, soil, and grease from cloth and works as a soil anti-re-deposition agent.

SMP finds growing application in laundry detergent which will stimulate market growth across the healthcare, hospitality and textile industries. Increasing disposable incomes and government regulations promoting hygiene in numerous manufacturing industries will further drive sodium metasilicate pentahydrate market share.

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The U.S. Food and Drug Administration (FDA) has recognized SMP as safe for use in sanitizing solutions for food contact surfaces, denuding agent in boiler water, and as hog scald agent for hair removal. The product is also regulated by the Environmental Protection Agency (EPA) and Reregistration Eligibility Decision (RED) approved.

Proliferation in textile industry is anticipated to propel product demand in the coming years. For instance, the Indian textiles industry was estimated to reach US$ 250 billion by FY 2019. Whereas the country’s overall textile exports, accounted at US$ 39.2 billion in 2018, was predicted to increase to US$ 82.00 billion by 2021, claims India Brand Equity Foundation (IBEF) reports.

Rapid surge in cement consumption will boost sodium metasilicate pentahydrate market size. SMP works as a connecting agent in the production of refractory cements and offers enhanced properties like hardness, mechanical and chemical resistance. It is used to protect components in high temperature manufacturing processes. SMP is also used as an additive to accelerate cement curing process and in the making of fire doors and wall partitions.

With growing application in the construction sector, sodium metasilicate pentahydrate market size will expand significantly over the years ahead. For instance, The ICE (Institution of Civil Engineers) claims that as per a new report ‘Global Construction 2030’, the volume of construction output is expected to grow by 85% to reach $15.5 trillion by 2030 worldwide, with countries including China, U.S. and India accounting for 57% of overall global growth. Shifting focus of government toward increasing infrastructure spending will accelerate market size.

Asia Pacific sodium metasilicate pentahydrate market size is expected to grow significantly owing to increased cement consumption in the residential & non-residential construction sector like development of metro projects across countries comprising India and China. The region’s booming healthcare industry has also stimulated cement demand which is likely to accelerate market growth.

China’s share in the global construction market is increasing marginally in recent years. Global Market Insights, Inc., claims that China 99% sodium metasilicate pentahydrate market share from flameproofing applications hit US$ 12.5 million in 2018. This will augment APAC industry size considerably.

India construction market is anticipated to grow almost twice as fast as China by 2030, providing new growth opportunities for APAC sodium metasilicate pentahydrate market players. Rapid growth in India’s urban population will also escalate cement consumption in the coming years – the UN World Population Prospects 2019 claims India to have a population of 1.65 billion by 2059.

Sodium metasilicate pentahydrate is commonly used as a cleaning agent in dishwasher and laundry detergent. Rapidly growing textile and construction industries across economies like China and India have stimulated business outlook.

Reports from Global Market Insights, Inc, estimate sodium metasilicate pentahydrate market to exceed US$ 875 million by 2025.

Author NameMateen Dalal

Three trends defining sinus dilation devices market outlook: global industry remuneration to surpass $3 billion by 2025

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With numerous clinical studies linking air pollution with the prevalence of sinusitis worldwide, the growth graph of sinus dilation devices market has quite overtly depicted an upsurge, given the increasing proportion of air pollution globally. Sinusitis affects a significant number of the global population, in fact, a National Health Interview Survey conducted by the United States Center of Disease Control and Prevention in 2017 estimated that more than 30.8 million individuals were diagnosed with sinusitis in the U.S. alone. Moreover, with comorbid diseases, lifestyle changes as well as other environmental factors further increasing the prevalence of sinusitis, it comes as no surprise that the sinus dilation devices market is projected to experience an exponential surge in product sales in coming years.

U.S. Sinus Dilation Devices Market, By Product, 2018 & 2025 (USD Million)
U.S. Sinus Dilation Devices Market, By Product, 2018 & 2025 (USD Million)

Sinus dilation devices industry | Impact of the rapidly expanding geriatric population

As the elderly population is more susceptible to a varied number of chronic diseases such as chronic sinusitis attributing to the several structural & functional changes they undergo with age, the increasing proportion of the geriatric population worldwide is slated to be one of the biggest contributors to the growth of the sinus dilation devices industry over the coming years. The fact that the world is experiencing a rapid rise in its ageing population is expected to further advance the growth of the industry.

The United Nations in a survey conducted in 2017 found that there are approximately 962 million individuals across the world above the age of 60, accounting for over 13% of the global population. Estimates in fact suggest that the number would be reaching the 2.1 billion mark by year 2050, thereby ensuring a vast reserve of potential patients that would fuel the growth of sinus dilation devices industry.

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Sinus dilation devices industry | Impact of the rising demand for balloon products

Unlike the conventional sinus surgery, Balloon Sinuplasty, performed using balloon sinus dilation devices eliminates the need for surgeons to cut or remove tissue or bone from the patients nasal cavity to alleviate the inflamed sinus. The minimal invasiveness along with the significantly reduced recovery time of the procedure has become its biggest selling point as it makes the treatment less arduous for the patient, thereby making the procedure one of the most preferred options among sinusitis patients.

Attributed to the robust popularity of the procedure, balloon products accounted for over 33% of the sinus dilation devices market share in 2018. The segment is further slated to experience an exponentially rising CAGR over the forthcoming years owing to industry players’ increased focus on product differentiation in an effort to make the sinus dilation procedure more accurate.

Sinus dilation devices industry | Impact of the escalating air pollution in urban locales

It has now become rather commonplace that the increased levels of air pollution across urban areas throughout the world have wreaked havoc on the overall health of the people residing in pollution-gripped metropolitan cities. The substantially high levels of harmful chemicals in developed regions have catapulted the cases of a number of respiratory disorders with maxillary sinusitis being one of the most notable of the bunch. General unawareness as well as lack of adequate air pollution regulation have been listed as the biggest drivers behind the growth of maxillary sinusitis cases across the world.

A recent clinical study by Johns Hopkins Medicine, where two sets of 19 mice were kept in two different environments, one with filtered air & one with polluted air showed that the subjects in the polluted environment showed elevated levels of neutrophils & eosinophils in their systems, similar to chronic sinusitis patients from different Asian nations that are suffering from severe air pollution. This link has opened up a massive market for the overall industry, substantially propelling the growth rate of the sinus dilation devices market over 2019-2025.

The trends briefly listed out above signify that the overall sinus dilation devices market is projected to attract significant amount of growth over the coming years. In fact, a research report from Global Market Insights, Inc., estimates that the market valuation of sinus dilation devices is slated to exceed more than $3 billion by 2025.

Author NameAkshay Kedari

UK dialysis market to register lucrative CAGR over 2018-2024

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A rapid increase in prevalence of obesity and subsequent rise in cases of diabetes and renal failure across the globe would be fostering dialysis market growth in forthcoming years. In 2018, the World Health Organization (WHO) reported that the total number of people suffering from diabetes hit the 422 million-mark in 2014. Apparently, the disease accounted for approximately 1.6 million deaths in 2016, making it the world’s seventh leading cause of death.

U.S. Dialysis Market, By Type, 2017 & 2024 (USD Million)
U.S. Dialysis Market, By Type, 2017 & 2024 (USD Million)

Diabetes as a disorder cannot be cured completely, but its consequences can be mitigated or avoided through physical activity, diet regulation, medication as well as regular checkups and treatment of complications. According to the National Kidney Foundation, while degrading kidney health is one of the most severe complications of diabetes, it can be taken care of through dialysis that will promote dialysis industry size further.

The WHO, in its 2018 report, discovered a pattern wherein the prevalence of diabetes is rising exponentially in low and middle-income nations. The International Diabetes Federation further corroborated the claim when it reported that India is witnessing a significantly high number of diabetes cases, which may increase renal failure incidences and help to drive the regional dialysis market share .

According to a 2017 Hindustan Times report, the number of diabetes cases in India is expected to almost double over the next decade because of the enormous number of prediabetes cases across the country. Reports indicate that even Indian states with a relatively low incidence of diabetes cases may emerge as prominent growth avenues for India regional dialysis industry.

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The prevalence of diabetes and end stage renal failure in developed nations is more or less similar to that of emerging economies. According to the U.S. Centers of Disease Control and Prevention (CDC), cases of diabetes in the United States, though leveling off, are still substantial, standing at 100 million and giving dialysis market ample growth opportunities.

The CDC attributes the high number of diabetes incidences to more individuals developing the disease during their youth. Ethnic and racial minorities are developing the disease at much higher rates, which is impacting North America dialysis market share.

The fast-growing geriatric populace susceptible to suffer from chronic diseases is influencing U.S. dialysis market size, which was pegged at $24 billion in 2017. U.S. dominated North America dialysis market in 2017 and will continue to drive positive growth for the continent due to the presence of major players in the country.

Rising prevalence of chronic kidney diseases (CKD) will drive UK dialysis market size. A 2019 survey conducted by the National Institute for Health and Care Excellence in 2016 found that 13% of England’s adults aged 16 years and older were suffering from CKD; stages one to five. While only 5% of the surveyed adults had CKD in later stages; three to five, the percentage hit 34% for the geriatric population aged 75 and above. Rising regional demand for CKD treatment will boost UK dialysis industry size, slated to register a 4.9% CAGR over 2018-2024.

Rigorous research and development efforts being undertaken by notable industry players is adding value to dialysis market. The R&D activities are triggered by the general ineffectiveness of hemodialysis, the most common type of dialysis – approximately 90%, in treating end stage renal disease (ESRD). Efforts to bring superior hemodialysis products to the mainstream will augment hemodialysis market size, slated to grow at a 3.8% CAGR over 2018-2024.

Fresenius, a prominent dialysis industry player is expected to stand out in coming years as far as product innovation is considered. The firm, in its 2018 annual report, recorded a 4% increase in its revenue with the number hitting the €16,547 million-mark. Rising efforts to bring state-of-the-art ESRD treatment for patients will drive dialysis market trends.

Global Market Insights, Inc., claims dialysis market size to surpass $104 billion by 2024.

Author NameAkshay Kedari