U.S. osseointegration implants market to witness phenomenal gains over 2017-2024, Global revenue to surpass USD 7 billion by 2024
The competitive spectrum of osseointegration implants market is replete with product innovations and strategic alliances, which have led to the genesis of a renewed dynamism across this business space. Straumann’s recent product launch is an instance validating the above statement. In April 2017, Straumann Group, a key player across pharmaceutical industry, introduced new premium as well as non-premium teeth-replacement products & services at the international dental show (IDS) 2017 held in Germany. The firm had launched its first ceramic dental implant with a monotype design a few years back. Inspired by the favorable clinical outcomes of this product, the company manufactured a two-piece screw-retained, user-friendly ceramic implant, which is undoubtedly set to bring about a substantial impact on osseointegration implants industry.
Europe Osseointegration Implants Market, By Product (USD Million)
The first quarter of the year 2017 also witnessed Natural Dental Implants AG declaring the launch of its customized tooth replacement tool referred as 3D Printed version of REPLICATE TM Tooth at the IDS 2017. The new tool apparently comprises a titanium root portion and zirconia abutment portion analogous to the earlier commercially accessible version of the REPLICATE Tooth. This is indeed an apt instance demonstrating that osseointegration implants market players have been striving to implement novel product development strategies to expand their existing product portfolio. Given that contemporary technologies help in cost-reduction and value creation, it is imperative that their deployment will provide an impetus to osseointegration implants industry.
Osseointegration implants market has been chronicled in the list of businesses that have depicted astounding growth curves subject to the favorable influence of mergers & acquisitions. This is quite aptly evident from the number of collaborations and M&As this business sphere has been witnessing. In 2016, Zimmer Biomet Holdings Incorporation, a medical device industry major, had declared the acquisition of the Ortho Transmission LLC, a key player across osseointegration implants industry, in a bid to develop new integrated skeletal implant prosthesis products and add to its product line.
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In yet another breakthrough that took place in the month of September 2016, Osstell Partners, partaking in implant stability measurement market share, had declared the formation of an alliance with W&H Dentalwerk Burmoos GmbH, a major player in the dental industry. The strategic partnership was formed with the intention of bringing about a slew of innovations in dental implant practices, that would ultimately impact osseointegration implants market expansion.
Osseointegration implants industry has experienced extensive penetration across numerous geographies, with the U.S. standing nearly at the helm of the business. Germany however, has been touted as another lucrative avenue that would create a substantial impact on osseointegration implants market, given the robust healthcare infrastructure facilities and the large presence of key manufacturers in the country.
High dental implant costs and low compensation benefits are two of the most profound restraints that might hinder the growth of osseointegration implants industry. Nonetheless, the contribution of prominent companies such as Zimmer Biomet, Straumann Group, Integrum AB, and Danaher Corporation is expected to overcome the proposed constraints in the wake of technological advancements, which would undeniably carve out a positive growth map for osseointegration implants market.
With the product finding extensive use across dental clinics, hospitals, and ambulatory centers, osseointegration implants market is slated to witness massive gains over the next few years. Estimates claim osseointegration implants industry size to surpass USD 7.8 billion by 2024.
Author Name : Dhananjay Punekar
Global Marine Sealants Market to carve out a profitable growth path over 2017-2024, driven by the extensive demand from the robustly expanding shipbuilding sector
3M, one of most renowned giants partaking in Marine Sealants Market share is reputed for consistently innovating new sealant systems for marine applications, pertaining to the vast expanse of shipbuilding activities across the globe. The multi-billion-dollar company recently formulated a new polishing compound designed to enhance surface glass fiber hulls. This innovation is a prime instance demonstrating the fact that the increasing introduction of advanced products in marine sealants industry is likely to help companies expand their consumer pool. Ship builders are known to use sealants and adhesives on a rather large scale, to increase the stability and performance of the ship amidst a harsh marine environment inclusive of salt water, high humidity, and strong UV radiations. Marine sealants also provide airtight and watertight seals between two surfaces by reducing use of metal fasteners, which aids the reduction of noise and vibration – a major factor that is likely to augment marine sealants market share. A research report compiled by Global Market Insights, Inc., in fact, claims marine sealants industry to have generated a revenue of USD 200 million in 2016.
U.S. Marine Sealants Market Size, By Material, 2016 & 2024 (Kilotons)
Marine sealants market players are bound to act in accordance with a strict regulatory framework that ensures the manufacture of highly efficient and superior quality products. Sealant manufacturers, it is observed, are consistently involved in the development of an advanced range of high quality products that suitably comply with industry standards. In addition, marine sealants industry has also been witnessing a slew of strategic partnerships with shipbuilders that would ensure the creation of a favorable growth path for this business space. The competitive hierarchy of marine sealants market is replete with notable biggies such as 3M, SABA, Henkel AG & Company, Bostik, Franklin International, H.B. Fuller, Dow Corning Corporation, Adshead Ratcliffe & Co Ltd., Illinois Tool Works, Sika, RPM International, and Avery Dennison.
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Major geographies across the globe have been witnessing a robust increase in the number of shipbuilding factories, pertaining to the rapidly growing requirement of ships for commercial, defense, and general-purpose applications. Given that shipbuilders are increasingly seeking newer methodologies to enhance ship manufacturing and performance, the surging use of sealant and adhesive bonding methods for joint formation, sealing bulkhead, portholes, and trims is certain to massively influence marine sealants industry size. For the record, marine sealants market share from the shipbuilding sector was pegged at more than USD 140 million in 2016. Additionally, in a bid to promote tourism, government bodies and private companies have been looking out for reliable shipbuilding partners. Taking in account the growing demand for cruise ships and commercial fleets, the requirement of sealants is undeniably slated to escalate over the coming years – a factor that will dynamically stimulate marine sealants market trends. Speaking of tourism and the contribution of shipbuilding companies for the same, it is prudent to mention that recently, WIGHT Shipyard, a leading high-speed craft and aluminum ship builder in Europe, has won an order to manufacture a 21-meter passenger catamaran for promoting Scottish tourism.
The September of 2017 witnessed the British Parliament announcing a new National Shipbuilding Strategy to expand the marine industry in England. Through this strategy, it intends to procure 31e General Purpose Frigates, each costing lesser than USD 300 million. The shipbuilding operations are expected to be carried out at multiple shipyards. This designing approach of the British government to maximize exports is likely to have a marginal impact on Europe marine sealants industry size.
Government contributions toward marine sealants industry is not limited only to the UK, even the Indian government has been investing heavily to enhance the nation’s marine infrastructure. Recently, a delegation from Ukraine met the Secretary, Ministry of Shipping in New Delhi, India, with an aim to discuss the possibilities of partnering with the country for potential shipbuilding projects. This is evidence enough to state that the shifting focusing of countries across the globe toward shipbuilding will lucratively impact the growth of marine sealants market.
Author Name : Sunil Hebbalkar
Waste Heat to Power Market to witness appreciable gains from cement sector, Global revenue to surpass USD 30 billion by 2024
The rapidly declining rate of fossil fuels have necessitated the requirement to unearth other ways for energy recycling. Waste Heat to Power Market is expected to carve out a profitable growth path, subject to this very factor. This business space is touted to bring to fore, the latest clean energy solutions that would help resolve the energy crisis. The rise in carbon dioxide emissions due to industrialization has led to the adoption of low carbon energy sources, which would provide a boost to waste heat to power industry. The increasing awareness regarding the importance of renewable energy sources is another determinant that is projected to impel waste heat to power market. While solar and wind power are rather economic options for emission free energy generation, waste heat to power seems to be a more viable choice, especially when the power producing capacity of both the categories are considered. The capability of waste heat to power technology to convert exhaust heat to electricity without any emissions or fuel usage is the most essential factor that will stimulate waste heat to power industry share. For the record, worldwide waste heat to power market size was pegged at USD 11 billion in 2016, as per a report released by Global Market Insights, Inc.
U.S. Waste Heat to Power Market Size, By Application, 2016 & 2024 (USD Million)
The industrial sectors across various regions of globe have been massively deploying the byproducts obtained from industrial processes, for generating energy. In fact, it has been observed that various American manufacturing and oil & gas companies have been already deploying the waste heat generated from various industrial processes for electricity generation. Such initiatives are certain to deliver benefits such as low cost and emission free energy to the American behemoths. In addition, industrial users have the alternative to implement this power in various applications or sell it to power grids, which would invariably influence waste heat to power market size.
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The last few years have witnessed the deployment rate of WHP (waste heat to power) systems in several industrial sectors, particularly across the geothermal domain. In order to install WHP systems, companies in waste heat to power industry have been primarily focusing on various technologies such as organic rankine cycle, stirling engine, team turbine technology, supercritical technology, and the like. The Organic Rankine Cycle (ORC) technology, it is reported, is extremely capable of capturing low temperature resources, subject to which companies across the United States have been giving preference to this technology on a large scale. Research estimates in fact, claim that waste heat to power market from organic rankine cycle technology will record an annual growth rate of more than 17% over 2017-2024. The significant characteristics of ORC such as ease of compatibility with different kinds of heat sources, lower space requirement, and low maintenance cost will boost the demand for the product in waste heat to power market.
Renowned biggies in waste heat to power market such as ElectraTherm, Thermax, Echogen Power Systems, Siemens, Amec Foster Wheeler, Triogen, Cyplan, ABB, Enogia SAS, Mitsubishi, Kalina power, Ormat Technologies, and AQYLON are increasingly focusing on the development of products that sync with the customer’s point of view. Also, they have been involved in developing advanced technologies to attract more customers and expand their consumer base. For instance, in 2014, the America based leader in advanced power generation technology, Echogen Power Systems launched a new heat engine system focusing on requirement of consumers in the marine, power generation, and oil & gas sectors. Considering the adoption rate of this technology, it can be aptly stated that WHP systems may evolve as one of most lucrative technologies in the renewable energy space. Adhering to the same, Global Market Insights, Inc., has estimated that, by 2024, waste heat to power industry will surpass a revenue collection of USD 30 billion.
Author Name : Sunil Hebbalkar
China pumped hydro storage market to witness substantial gains over 2017-2024, open- loop system to drive the product landscape
The government entities across the world are taking vigorous efforts to unleash the commercial potential of pumped hydro storage market. With the globe treading on the path of sustainability trends, innumerable renewable energy projects have of late gained a momentum in response to the favorable tax incentives implemented for renewable energy consumption. For instance, the Chinese National Energy Administration (NEA) has recently announced its plan of investing USD 361 billion in renewable power generation in the next five years. Growing global concern over the energy security and a subsequent increase in renewable power projects, has undeniably favored pumped hydro storage market proliferation. Speaking of China, the regional pumped hydro storage market is forecast to surpass a production capacity of 45 GW by 2024.Pumped storage hydropower projects have been providing transmission ancillary benefits and energy storage capacity in Europe and America since ages. Grid stability, high storage capacity, and above all energy efficiency are the prime factors driving the pumped hydro storage industry share. As claimed by EASE (European Association for Storage of Energy), pumped hydro storage systems have an average efficiency of almost 70% to 80% which is much higher when compared to its other counterparts. Ongoing energy efficiency reforms toward the integration of clean storage system have also favored pumped hydro storage industry size. For instance, recently the International Finance Corporation has proclaimed to invest USD 1.2 billion in India’s clean energy sector.
UK Pumped Hydro Storage Market Size, By System, 2016 & 2024 (USD Billion)
Pumped hydro storage is mainly categorized into open loop system, close loop system, and innovative system. Free flowing water is the oldest and one of the most reliable sources of generating electricity across the world. In accordance to this fact, open-loop pumped hydro storage market has apparently garnered mass popularity across myriad end-use sectors. In fact, this particular business sphere covered almost 90% of the overall pumped hydro storage industry share in 2016. As reported by the Department of Energy (DOE), there are presently 34 open loop storage plants operational in China. However, low environmental profile of these systems is prompting some of the end-use sectors to incline toward close loop pumped hydro storage systems. As per estimates, Closed-loop pumped hydro storage industry is forecast to surpass a revenue of USD 16 billion by the end of 2024. Technological advancements in generator and turbine design along with a comparatively lesser effect on aquatic habitat are the two chief factors that propelled the business outlook.
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Considering the humungous initiatives that are continuously being undertaken worldwide toward the expansion of micro grid infrastructure, pumped hydro storage industry is sure to embark on a profitable path in the forthcoming years. In this regard, it is prudent to note that Federal Energy Regulatory Commission (FERC) has authorized 24 pumped hydro storage projects, accounting for a total installed production capacity of 16.5 MW. Expansion and upgradation of existing plants along with technological interventions in product design have incredibly upscaled pumped hydro storage market potential. Speaking along the similar lines, U.S. holds a prominent position in the global business space, subject to the extensive initiations by the U.S. government toward the refurbishment of grid infrastructure. The U.S. Department of Energy in its 2015 report claimed that there are almost 40 pumped storage plants operational in the country, accounting for almost a total capacity of 22 GW.
Pumped hydro storage market is characterized by the active participation of major biggies which include Absaroka, EDF, Toshiba, Alstom, Northland Power, Voith, SinoHydro, and Schluchseewerk AG. Development of cost effective storage systems and technological incorporations in product design are two of the major strategies adopted by the leading industry players. With the ever-increasing demand for uninterrupted power supply, pumped hydro storage systems are set to witness a massive deployment rate in an extensive range of projects. A recent market speculation report put forward by Global Market Insights Inc., depicts pumped hydro storage market to surpass a revenue of USD 350 billion by 2024.
Author Name : Satarupa De
Rising security concerns to spur biometrics market growth over 2017-2024, IoT, E-commerce, & smartphones to be the major driving trends
Increasing adoption of technology in the security vertical and the confluence of organizations to meet authentication standards has added a renewed dynamism to biometrics market. With the biometrics technology having marked its presence across the security landscape, it is now rapidly penetrating its way into consumer, government, and industrial systems. Based on the concept of statistical analysis of biological data, the biometrics technology is proclaimed to be less prone to cybercrimes and hacking. Recently, Mexico’s National Banking and Security Commission has announced a new regulation in the country that would require all the banks to deploy fingerprint scanners for the clients by 2018. Another instance is of FacePhi Biometria, where the company is seen signing deals to bring its selfie-based authentication system especially in the financial sector. Similar moves are likely to materialize in the coming years, in turn, propelling biometrics industry size.
U.S. Biometrics Market Size, By Product, 2013 – 2024 (USD Billion)
Global Market Insights, Inc., claims that biometrics market will exceed USD 50 billion by 2024, having been pegged at USD 12 billion in 2016. High acceptance of biometrics in various verticals such as mobile banking and other financial services has further favored the growth of biometrics market. As the cybercrimes and identification errors are captivating the industry verticals, there has been a significant upsurge in the adoption of biometrics to ensure data security and privacy. Lately, there has been a plethora of fraudulent cases and data breaches in the financial sector. JP Morgan Chase for instance was one of the major victim, where the hackers accessed the critical data of approximately 83 million customers. Such potential threats of data breach have led to greater demand for biometrics technologies in the banking & finance sectors. As per the report, biometrics industry share is set to gain lucrative avenues from banking and finance sector, projected to register a healthy growth rate of 22% from 2017-2024. Apart from this, biometrics industry is also likely to demonstrate noticeable growth in healthcare, transportation, consumer electronics, and defense services. In fact, the transportation application within biometrics market is estimated to be the highest revenue contributor in the coming seven years.
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With the significant expansion of its vast application arena, it is quite evident that biometrics technology is gaining lot of popularity as it works on identification of individuals’ biological information. This technology uses physiological and/or behavioral characteristics of people to authenticate their identity. As every individual is unique, this technology uses separate identifiers such as face recognition, fingerprint, palm veins, hand geometry, DNA, iris recognition, voice and retina. Many companies have adopted these techniques to improve the security features. For instance, Samsung and LG have incorporated iris scanners into their smartphones on a wider scale. The voice recognition technology is also seen gaining considerable traction in the mobile banking and commercial sector. The voice recognition segment of biometrics market is expected to register a CAGR of 22% over 2017-2024, claim estimates.
Over the coming years, biometrics industry is expected to witness several technological advancements that will make authentication more secure and convenient. Below mentioned are the three trends that will strongly influence the industry growth.
Mobile payment is touted as the future of financial transaction and is thus getting incorporated with biometrics to provide a strong security interface. Governments and businesses are vigorously looking for reliable authentication devices such as mobile biometrics to speed up human identification processing, in turn, providing a commendable impetus to biometrics market demand. Such technologies running on personal smartphones are sure to offer biometrics market the opportunity of clocking excellent growth rates in the ensuing years.
With the rapid growth of online shopping, online payment methods are slated to be subject to a lot of threats. The biometrics technology is expected to do wonders in this segment as accessing of user accounts through iris, facial recognition and fingerprints could go long way in ensuring a secure login than regular pins and credentials, validating the contribution of e-commerce in the growth of biometrics industry.
Internet of Things
One of the biggest biometrics market trends to watch for will be the adoption of this technology parallel to the massive expansion of IoT. IoT being the biggest emerging concept for both businesses and consumers undeniably requires a robust security spectrum to protect critical data. In response to this, in the coming years, the global biometrics market will witness a remarkable upsurge with the technology being integrated in a wide variety of IoT applications ranging from smart homes, banking, healthcare, and automotive.
With the advancements and evolution in the tech space, identity management and security are certain to be the top-notch priorities of the businesses. Taking into account this trend, it is unarguable that biometrics industry is set to witness a profound profitability quotient in the ensuing years.
Author Name :Ojaswita Kutepatil
Hydronic Underfloor heating market to accrue a substantial valuation via commercial applications over 2017-2024, U.S. to majorly contribute towards the regional landscape
The surging demand for uninterrupted power supply across the globe is one of most pivotal factors impacting hydronic underfloor heating market trends. Another factor, as per analysts, that will most prominently drive this business space is the global urgency for reducing power costs. Hydronic underfloor heating systems have replaced electrical systems across North America and Europe a long back. As on today though, these products are penetrating the South Africa and Australia belts. The ability of the hydronic systems to connect with solar panels, heat pumps, and gas fired boilers is expected to reduce power bills and favorably leverage the product penetration across the industrial, commercial, and residential sectors. With its remarkable ability to supply heat, this system has contributed significantly toward health & hygiene maintenance, and is extensively utilized across home care centers, medical centers, nursing homes, schools, and hospitals. On these grounds, it is apt to declare that hydronic underfloor heating industry indeed has remarkable growth prospects in the future.
U.S. Hydronic Underfloor Heating Market, By Facility, 2016 & 2024 (USD Million)
Heated floors undeniably provide numerous benefits, as the hydronic underfloor heating system, which works on the convection principle, helps in avoiding heat loss. The rising need for maintaining a green environment through the utilization of green energy sources such as geothermal and solar energy has contributed substantially towards the expansion of hydronic underfloor heating market across the globe.
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Renowned firms across hydronic underfloor heating industry have been developing innovative products in a bid to expand their product portfolios as well as their consumer base. For instance, EBERLE Controls, a key German player in hydronic underfloor heating market and a subsidiary of Schneider Electric SE, has introduced hydronic heating controls that help in offering comfort to the consumers in addition to aiding power conservation. Gaia, another player across hydronic underfloor heating industry, offers two novel hydronic underfloor heating products – branded hydronic underfloor heating system and Polypipe systems.
An overview of the developments underlining hydronic underfloor heating industry:
- In 2015, REHAU, a key manufacturer of underfloor heating products, introduced the RAUBOARDTM radiant heating system for heating floors and has expanded its product line, with its new system finding wide application across residential and commercial constructions.
- The same year witnessed the acquisition of ECR International by BDR Thermea. The latter, a key hydronic underfloor heating industry giant, aimed to fulfill its goal of becoming a leading manufacturer of heating products across the U.S., with the takeover of the former, a key heating & cooling product manufacturer.
- In February 2017, Elta Group, a key participant across hydronic underfloor heating market, acquired Acoustica, a specialist engineering firm based in the UK. The purchase is expected to benefit the former to augment its production capabilities of noise control products.
Strict measures to curb greenhouse emissions have resulted in extensive product penetration across various geographies. The Chinese government for instance, is promoting the use of energy efficient heating systems, which will boost the demand for hydronic underfloor heating systems across the region. According to its 11th Five-year plan, new construction projects in the country are required to adhere to the design that conserves 50% of power. Government norms such as these are certain to propel China hydronic underfloor heating industry share, which in 2016, accounted for more than 30% of the regional revenue.
The escalating requirement to curb carbon footprints and reduce electricity bills is likely to boost the product trends across the U.S. Estimates claim U.S. hydronic underfloor heating market size to be valued over USD 1 billion by 2024.
A recently compiled report states that hydronic underfloor heating industry is expected to be valued at over USD 5 billion by 2024. Taking into consideration the notable contributions of key players such as REHAU, Schneider Electric, Mitsubishi Corporation, The Emerson Electric Company, Honeywell International Incorporation, and Robert Bosch GmbH, it is predicted that hydronic underfloor heating market will sketch a lucrative growth graph over the years ahead.
Author Name : Dhananjay Punekar
Hospitals to spur tubeless insulin pump market revenue over 2017-2024, Germany to dominate the regional growth
Germany Tubeless Insulin Pump Market, By Component, 2013 – 2024 (USD Million)
Critical agreements between prominent industry giants have ushered in new developments across tubeless insulin pump industry. Quoting an example, in 2016, Insulet Corporation and Eli Lilly & Company, a U.S. based pharmaceutical giant, had signed a pact to build a new type of OmniPod tubeless insulin delivery system to deliver Lilly’s highly concentrated U200 and U500 insulin formulations. It is undeniable therefore, that collaborations witnessed across the pharmaceutical and healthcare industry can have a major impact on the overall business.
Tubeless insulin pumps find a remarkably high demand over their tubed counterparts across the United States. This, as the experts say, is a key determinant that will facilitate the development of North America tubeless insulin pump market. In 2016 alone, U.S. tubeless insulin pump industry size was pegged at USD 200 million. The region is expected to make notable contributions toward North America tubeless insulin pump market share in the ensuing years.
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Brazil tubeless insulin pump market size is slated to expand at a rate of 18% over the coming timeframe. Easy accessibility of tubeless insulin pumps with user-friendly features is expected to expand the product penetration in the region.
Europe is slated to be one of prime hubs for the development of tubeless insulin pump market. This prediction may have perhaps stemmed from the fact that the region is a model instance of highly sophisticated healthcare infrastructure. The robust improvement in healthcare services in addition to the deployment of novel technologies across the healthcare sector are projected to have a significant effect on the growth of Germany tubeless insulin pump market share. The country is expected to dominate the overall industry share in terms of revenue over the coming years.
Tubeless insulin pump industry is projected carve out a profitable growth curve over the coming years, subject to the product’s innumerable benefits. The market has been forecast to have bright growth prospects as is evident from the estimates put forth by a research study – the report apparently states that this market will grow at a rate of 25% over 2017-2024, having attained USD 350 million in 2016.
Tubeless insulin pump market is likely to be constrained by a few essential factors, such as escalating product costs and restricted insurance coverage policies. On these grounds, manufacturers have been striving to reduce equipment costs and make them affordable to attract a wider consumer base. In addition, competitive pricing strategies adopted by the key business players will further help in reducing the costs of devices, thereby propelling tubeless insulin pump market expansion.
Author Name : Dhananjay Punekar