Hereditary Angioedema Therapeutic Market Size Is Expected To Reach USD 4.2 Billion By 2026: Grand View Research Inc.

San Francisco, 28 February 2020: The Report Hereditary Angioedema Therapeutic Market Analysis Report By Drug Class (Bradykinin B2 Receptor Antagonist, C1-Esterase Inhibitor), By Route of Administration, By Treatment Type, And Segment Forecasts, 2019 – 2026

The global hereditary angioedema therapeutic market size is expected to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting an 8.1% CAGR during the forecast period. Growing initiatives by international patient organizations to improve awareness about hereditary angioedema (HAE) among patients and healthcare providers is likely to be a high impact rendering driver for the market.

Patient advocacy organizations affiliated to HAE International (HAEi) are focusing on campaigns through both print and social media in order to raise awareness levels for hereditary angioedema. HAEi has also introduced family testing tools for improving patient awareness levels, which is likely to help in providing accurate diagnosis and optimal medical treatment. Pharmaceutical and biotechnology companies such as CSL Limited, Pharming Group N.V., and Shire Plc. engaged in development of therapies for HAE have also lent their support and collaborated with the hereditary angioedema community so as to create effective diagnosis process and treatment for the condition.

Universities in different countries across the globe are collaborating with each other in order to develop new therapies for the management of hereditary angioedema attacks. For instance, in 2018, 26 universities from Europe, Australia, and Canada collaborated on an international study to develop a novel oral therapy for prevention of the condition.

Measures undertaken by countries for improving patient access to new therapies, along with modification in regulatory guidelines for facilitating faster drug review and approval for HAE, are expected to contribute to market growth. For instance, in July 2018, China’s National Health Commission (NHC) and State Drug Administration (SDA) allowed pharmaceutical drug manufacturers to file for New Drug Application (NDA) for therapies for rare diseases whose treatment is currently not available in the country. The decision has allowed drug manufacturers to use clinical trial data from outside China while filing for NDA.

Access Research Report of Hereditary Angioedema Therapeutic Market @ https://www.grandviewresearch.com/industry-analysis/hereditary-angioedema-hae-therapeutics-market

Further key findings from the report suggest:

• The C1-esterase inhibitor segment held the largest share in 2018 owing to high usage rates of the products in on-demand and prophylactic treatment of HAE
• On-demand treatment accounted for the dominant share in the market and is expected to witness lucrative growth over the forecast period. Expected launch of products in new geographies is likely to be a key growth driver for the segment
• Based on route of administration, intravenous drug therapies was one of the largest segments. Subcutaneously-administered therapies, on the other hand, are estimated to exhibit a lucrative CAGR of over 9.0% during the forecast period owing to benefits such as convenient dosing and improved drug effectiveness
• North America dominated the overall hereditary angioedema therapeutics market in terms of revenue in 2018. Growing number of cases of the condition, favorable government programs, increasing awareness levels among patients, and presence of highly expert healthcare professionals are factors contributing to the major share of this regional market
• Asia Pacific is expected to register lucrative growth over the forecast period owing to improving healthcare infrastructure and high unmet medical needs. Moreover, launch of new therapies for the treatment of the condition is likely to facilitate market growth in the region
• Key players include Ionis Pharmaceuticals, Inc.; BioCryst Pharmaceuticals, Inc.; Pharming Group N.V.; CSL Limited; Shire plc; Adverum Biotechnologies, Inc.; Attune Pharmaceuticals, Inc.; and KalVista Pharmaceuticals, Inc.

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

Grand View Research has segmented the global hereditary angioedema therapeutics market on the basis of drug class, treatment type, route of administration, and region:

Hereditary Angioedema Therapeutics Drug Class Outlook (Revenue, USD Million, 2014 – 2026)

• C1-esterase inhibitor
• Bradykinin B2 receptor antagonist
• Kallikrein inhibitor
• Others

Hereditary Angioedema Therapeutics Treatment Type Outlook (Revenue, USD Million, 2014 – 2026)

• Prophylaxis
• On-demand

Hereditary Angioedema Therapeutics Route of Administration Outlook (Revenue, USD Million, 2014 – 2026)

• Intravenous
• Subcutaneous
• Oral

Hereditary Angioedema Therapeutics Regional Outlook (Revenue, USD Million, 2014 – 2026)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of Hereditary Angioedema Therapeutic Market @ https://www.grandviewresearch.com/press-release/global-hereditary-angioedema-hae-therapeutics-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Diabetic Foot Ulcer Treatment Market Business Plans, Innovative Technology, and Growth Factors And Forecast To 2025: Grand View Research Inc.

San Francisco, 28 February 2020: The Report Diabetic Foot Ulcer (DFU) Treatment Market Analysis Report By Treatment (Biologics, Wound Care Dressings, Therapy Devices), By Ulcer Type (Ischemic, Neuro-Ischemic, Neuropathic), And Segment Forecasts, 2019 – 2025

The global diabetic foot ulcer treatment market size is expected to reach a value of USD 6.82 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Rising prevalence of diabetes, increasing healthcare expenses, and rapidly growing geriatric population worldwide are some of the major factors driving the diabetic foot ulcer treatment market.

Diabetic foot ulcers are one of the most common foot injuries that is caused due to diabetes mellitus. Management of diabetic foot ulcers aims at fast healing and wound closure, by adopting a multidisciplinary therapeutic approach so as to avoid amputation. Among different types of treatment options available, biologics held the largest share in the diabetic foot ulcer treatment market in 2017. This can be attributed to strong revenue generated by growth factors that are prescribed worldwide for their ability to promote generation of new cells and achieve wound closure. Therapy devices and wound care dressings also offer significant commercial opportunity due to their cost-effectiveness, ease of availability, and wide use in combination with other treatments at every level of wound care management.

Among different ulcer types, neuro-ischemic ulcers led the market in 2017 with more than 50.0% market share due to higher patient population suffering from the ulcer type globally. North America represented the largest share in the global market in 2017 owing to rising prevalence of diabetes, growing geriatric cohort, increased investment in R&D of novel therapies, and developed healthcare facilities.

Access Research Report of Diabetic Foot Ulcer (DFU) Treatment Market @ www.grandviewresearch.com/industry-analysis/diabetic-foot-ulcer-dfu-treatment-market

Further Key Findings From the Study Suggest:

• The biologics segment commanded the largest share in 2017 and is projected to retain its position through the forecast period, due to increased adoption and potential approvals of growth factors
• North America dominated the DFU treatment market in 2017 due to well-established favorable healthcarereimbursements and infrastructure
• Asia Pacific is expected to witness the fastest growth owing to expanding diabetes patient population driven by increasing healthcare expenses and growing geriatric cohort
• The neuro-ischemic ulcers segment accounted for the leading share in 2017. It is likely to experience the fastest growth during the forecast period
• The foam and alginate dressings, skin grafts, and negative pressure wound therapy segments are anticipated to exhibit significant CAGR over the forecast period
• Some of the key players in this space are ConvaTec, Inc.; Acelity L.P. Inc.; 3M Healthcare; Coloplast A/S; Smith & Nephew Plc.; B. Braun Melsungen AG; Medline Industries, Inc.; Medtronic Plc.; Organogenesis, Inc.; Molnlycke Health Care AB; and BSN Medical GMBH.

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

Grand View Research has segmented the global diabetic foot ulcer (DFU) treatment market on the basis of treatment, ulcer type, and region:

Diabetic Foot Ulcer (DFU) Treatment Outlook (Revenue, USD Million, 2016 – 2025)

• Wound Care Dressings
  • Alginate Dressings
  • Hydrofiber Dressings
  • Foam Dressings
  • Film Dressing
  • Hydrocolloid Dressings
  • Surgical Dressings
  • Hydrogel Dressings
• Biologics
  • Growth Factors
  • Skin Grafts
• Therapy Devices
  • Negative Pressure Wound Therapy
  • Ultrasound Therapy
• Antibiotic Medications
• Others

Diabetic Foot Ulcer (DFU) Treatment Ulcer Type Outlook (Revenue, USD Million, 2016 – 2025)

• Neuropathic Ulcers
• Ischemic Ulcers
• Neuro-ischemic Ulcers

Diabetic Foot Ulcer (DFU) Treatment Region Outlook (Revenue, USD Million, 2016 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Access Press Release of Diabetic Foot Ulcer (DFU) Treatment Market @ www.grandviewresearch.com/press-release/global-diabetic-foot-ulcer-dfu-treatment-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Hunter Syndrome Treatment Market Size Worth $ 1.52 Billion By 2026 : Grand View Research Inc.

San Francisco, 28 February 2020: The Report Hunter Syndrome Treatment Market Size, Share & Trend Analysis By Treatment (Enzyme Replacement Therapy, Hematopoietic Stem Cell Transplant), By Region, And Segment Forecasts, 2019 – 2026

The global hunter syndrome treatment market size is expected to reach a value of USD 1.52 billion by 2026, expanding at a CAGR of 7.1%, according to a new report by Grand View Research, Inc. High unmet needs, robust pipeline, increasing awareness about this rare disease and growing R&D activities for the development of novel therapies are expected to drive market growth over the forecast period.

Hunter syndrome, also referred as mucopolysaccharidosis type II (MPS II), is a rare genetic disorder caused by the missing or malfunctioning iduronate-2-sulfatase enzyme. According to the data published by the National Institute of Neurological Disorders and Stroke, MPS II syndrome occurs in around 1 in every 100,000 to 150,000 male births.

Presently, there are no approved curative therapies for the treatment of Hunter syndrome. The available treatment options such as enzyme replacement therapy (ERT) and hematopoietic stem cell transplant (HSCT) are focused on providing symptomatic relief and management of complications associated with disease progression. Shire plc’s Elaprase (idursulfase) is the only key drug available for the treatment of Hunter syndrome worldwide, with GC Pharma’s Hunterase (idursulfase beta) being approved only in South Korea.

Key players are focused on extensive R&D activities for product development and gaining approval as novel therapies. Launch of such novel therapies in the near future is expected to significantly fuel the Hunter syndrome treatment market growth. For instance, in May 2018, REGENXBIO Inc. received the U.S. FDA’s Fast Track designation for its novel drug candidate RGX-121, indicated for the disease treatment.

Access Research Report of Hunter Syndrome Treatment Market @ https://www.grandviewresearch.com/industry-analysis/hunter-syndrome-treatment-market

Further Key Findings from the Study Suggest:

• The enzyme replacement therapy segment has acquired the largest share in 2018, owing to the increased adoption of Elaprase and the potential approval of Hunterase worldwide
• The absence of curative therapies for MPS II creates lucrative opportunities for the key players in the market for developing new therapies
• The launch of late-stage pipeline therapies is expected to drive the market growth during the forecast period
• Currently, Shire Plc. is one of the leading players, supported by strong sales of their marketed drug ELAPRASE for the disease treatment
• Major players in the market are adopting inorganic growth strategies such as partnerships and collaborations for the development and commercialization of novel therapies
• In 2018, North America held a dominant position in the global market, owing to favorable reimbursement scenario, high awareness regarding rare disorders, and presence of major players
• Some of the key companies in hunter syndrome treatment market include GC Pharma, Sangamo Therapeutics, Inc.; JCR Pharmaceuticals Co Ltd.; RegenxBio Inc.; and Shire Plc. (Takeda Pharmaceutical Company)

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

Grand View Research has segmented the global Hunter syndrome treatment market report on the basis of treatment and region:

Hunter Syndrome Treatment Outlook (Revenue, USD Million, 2015 – 2026)

• Enzyme Replacement Therapy (ERT)
• Hematopoietic Stem Cell Transplant (HSCT)
• Others

Hunter Syndrome Treatment Regional Outlook (Revenue, USD Million, 2015 – 2026)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Access Press Release of Hunter Syndrome Treatment Market @ https://www.grandviewresearch.com/press-release/global-hunter-syndrome-treatment-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

 

Intravascular Catheters Market Projected To Expand At A CAGR 11.8% For The Forecast Period 2019 To 2025 : Grand View Research Inc.

San Francisco, 28 February 2020: The Report Intravascular Catheters Market Analysis Report By Product (Short, Integrated/Closed PIVCs), By Application, By End Use (Hospitals, Clinics, ASC, Homecare), By Region, And Segment Forecasts, 2019 – 2025

The global intravascular catheters market size is expected to reach USD 8.8 billion by 2025, according to a new report by Grand View Research, Inc., registering an 11.8% CAGR during the forecast period. Increasing number of surgical procedures requiring catheters, growing awareness about hospital-acquired infections, and increasing coverage of healthcare insurance are some of the factors contributing to the demand for intravascular catheters from 2019 to 2025. The market is also expected to be driven by increasing number of patients undergoing cardiovascular as well as urological procedures and rising incidents of trauma injuries.

Short Peripheral Intravascular Catheters (PIVC) dominated the market with a revenue of USD 2.8 billion in 2018, on account of lower infection risk associated with these products. In addition, short PIVCs are preferred over other catheters due to their quick discharge and short dwelling time. This product segment is expected to witness lucrative CAGR between 2018 to 2025 as a consequence of increasing concerns over catheter-associated bloodstream infections leading to catheter colonization.

Hospitals dominated the market on the basis of end use in 2018, with a revenue of USD 2.5 billion. The trend is likely to continue over the forecast period owing to increase in number of surgical procedures requiring catheters, growing health insurance coverage, and rising hospital admissions. Ambulatory Surgical Centers (ASC) are anticipated to witness the fastest growth, with a CAGR of 13.5% through 2025. Surgical procedures are cheaper in ASCs as compared to hospitals. As a result, the market is expected to witness a rise in adoption of surgical procedures in ASCs, which in turn is anticipated to drive demand for intravascular catheters over the forecast period.

Asia Pacific dominated the intravascular catheters market with a revenue of USD 1.2 billion in 2018, owing to high patient base, increasing investments in healthcare infrastructure, growing insurance coverage, and availability of reimbursements. This region is anticipated to witness lucrative growth due to its high potential in overcoming unmet medical needs among patients suffering from cardiovascular and urological diseases as well as trauma injuries. China dominated the APAC market with a 23.3% revenue share in 2018 owing to high unmet medical needs, growing awareness about hospital-acquired infections, and increase in healthcare accessibility. Thus, a high population base with unmet medical needs is expected to drive demand for intravascular catheters between 2018 to 2025.

Access Research Report of Intravascular Catheters Market @ www.grandviewresearch.com/industry-analysis/intravascular-catheters-market

Further key findings from the report suggest:

• Asia Pacific dominated the market in 2018 with a revenue of USD 1.2 billion, owing to factors such as large patient base, growing awareness regarding hospital-acquired infections, increase in healthcare access, and expanding healthcare coverage
• S. is the largest country with an incremental opportunity of USD 542.0 million from 2019 to 2025
• The hospitals segment dominated the market by end use in 2018 owing to growing number of surgical procedures requiring intravascular catheters and increasing hospital admissions
• Some of the key players in this market are Boston Scientific Corporation; C.R. Bard, Inc.; Johnson & Johnson Services, Inc.; Abbott; Coloplast Ltd; Smith Medical; Edwards Lifesciences Corporation; Medtronic; McKesson Medical Surgical Inc.; and TERUMO CORPORATION.

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

Grand View Research has segmented the global intravascular catheters market on the basis of product, application, end use, and region:

Intravascular Catheters Product Outlook (Revenue, USD Million, 2014 – 2025)

• Short PIVC
• Integrated/Closed PIVC

Intravascular Catheters Application Outlook (Revenue, USD Million, 2014 – 2025)

• Oncology
• Gastroenterology
• Renal Disease
• Infectious Diseases
• Others

Intravascular Catheters End-use Outlook (Revenue, USD Million, 2014 – 2025)

• Hospitals
• Clinics
• ASC
• Homecare
• Others

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

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Access Press Release of Intravascular Catheters Market @ www.grandviewresearch.com/press-release/global-intravascular-catheters-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

LED Driver Market Is Predicted To Grow At A CAGR of 16.3% Through 2025: Grand View Research Inc.

San Francisco, 28 February 2020: The Report LED Driver Market Size, Share & Trends Analysis Report By Supply Type (Constant Voltage, Constant Current), By Application Type (Automotive, Consumer Electronics, Lighting, Outdoor Display), And Segment Forecasts, 2019 – 2025

The global LED driver market size is expected to reach at USD 11.31 billion by 2025, according to a new report by Grand View Research, Inc. The light-emitting diode driver market is projected to expand at a CAGR of 16.3% over the forecast period. LEDs have emerged as an energy-efficient alternative to traditional light sources in the last decade; thus, they have extensive demand in lighting and display segments across several industries. LED lighting is replacing the traditional lighting products due to their benefits, such as longer life, higher energy-efficiency, miniaturization, lower heat output, and directionality.

Moreover, rising demand for IOT-based connected lighting solutions due to the rising number of smart homes in developed countries will contribute to the LEDdrivermarket growth. Furthermore, governments of various countries have launched Smart City initiatives to improve the energy-efficiency of populated cities, which is anticipated to boost the market further. Demand for the constant current LED driver has witnessed exponential growth from 2015 to 2018; these drivers are widely used in high brightness and outdoor lighting applications.

The consumer electronics segment is the largest application segment in the market as LEDs have extensive demand in television and display panels applications. Many leading manufacturers are collaborating with other companies to deliver public lighting systems to cities around the world connected with remote management for energy saving and efficient maintenance. For instance, Philips Lighting N.V. has collaborated with Vodafone Limited to deploy IoT-based wireless Smart Street lighting across the globe.

There is a high demand for energy-efficient and highly reliable products with a smaller system package and lower cost for applications in the low- to mid-power range. To meet these requirements, manufacturers are incorporating Primary-Side Regulation (PSR) to lower the costs by eliminating secondary feedback circuitry and Power-Factor Correction (PFC) circuitry for higher power quality.

Access Research Report of LED Driver Market @ https://www.grandviewresearch.com/industry-analysis/led-drivers-market

Further key findings from the study suggest:

• The constant current segment is anticipated to expand at the highest CAGR of 16.7% from 2019 to 2025. These type of drivers provide greater system reliability for general lighting applications
• The application lighting segment is anticipated to witness the maximum CAGR of 18.6% over the forecast period
• On the other hand, consumer electronics application segment is estimated to account for the largest market share by 2025
• Asia Pacific led the market in 2018 and is projected to maintain the dominance throughout the forecast years due to stringent regulations across region, which fuel the demand for efficient lighting solutions
• Key industry participants include AC Electronics; Atmel Corp.; Cree, Inc.; General Electric Company; Koninklijke Philips N.V.; Lutron Electronics Co.; On Semiconductor Corp.; and Osram GmbH

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

Grand View Research has segmented the global LED driver market on the basis of supply type, application type, and region:

LED Driver Supply Type Outlook (USD Million, 2015 – 2025)

• Constant Voltage
• Constant Current

LED Driver Application Type Outlook (USD Million, 2015 – 2025)

• Automotive
• Consumer Electronics
• Lighting
• Outdoor Display

LED Driver Regional Outlook (USD Million, 2015 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of LED Driver Market @ https://www.grandviewresearch.com/press-release/global-light-emitting-diode-led-driver-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Machine Translation Market Size To Cross USD 983.3 Million by 2022: Grand View Research Inc.

San Francisco, 28 February 2020: The Report Machine Translation (MT) Market Size, Share & Trends Analysis Report By Application (Automotive, Military & Defense, Electronics, IT, Healthcare), By Technology, By Region, And Segment Forecasts, 2012 – 2022

The global machine translation market size is expected to reach USD 983.3 million by 2022, according to a new study by Grand View Research, Inc., exhibiting a 14.6% CAGR during the forecast period. The reinvention of computer-aided translational tools and growth of adaptive machine translation has considerably widened the scope of the machine translation market.

Key players are increasing their focus on developing advanced MT systems to meet growing consumer needs. For instance, Lilt Inc. has launched an adaptive neural machine translation system to use real-time feedback loop and Artificial Intelligence (AI) to boost the productivity of a human translator. Moreover, the technology is expected to offer opportunities to people for communicating and accessing information in a particular language. This system goes beyond Facebook, Inc.; Apple Inc.; and Microsoft Corporation’s product offerings.

Globalization has significantly contributed to addressing the need for linguistically diverse local audiences. Growing importance of businesses in emerging markets, creation of online content, and need for enabling global collaboration among employees is expected to drive market growth over the forecast period.

Need for organizations to localize their content in several languages to capture international markets is expected to bolster demand for MT systems. Adoption of such systems and instant web publishing requirements is further expected to improve user experience by developing multilingual engagement across different content types.

Growing importance of cloud computing has resulted in increasing demand for cloud-based translation tools. Moreover, delivery of Machine Translation Software-as-a-Service (MTSaaS) over secure cloud offerings accommodated in data centers is expected to offer considerable growth opportunities.

The convergence of Translation Memories (TM) and MT is expected to fully integrate workflows. TM store sentences and paragraphs that were previously translated to aid human translators, accelerating translation projects and reducing costs. Furthermore, the industry has gravitated toward the use of Bilingual Evaluation Understudy (BLEU) as a useful measurement of translation quality. BLEU is a method for automatic evaluation of MT, which is inexpensive and language independent.

Access Research Report of Machine Translation Market @ https://www.grandviewresearch.com/industry-analysis/machine-translation-market

Further key findings from the study suggest:

• The automotive and electronics industries are anticipated to gain substantial market share by 2022 owing to need for timely and accurate translation of large amounts of content in various application segments
• The MT market in automotive applications is expected to value around USD 140 million by 2022
• Existence of a large number of players and government initiatives supporting machine translation has impacted industry growth positively in U.S. Google Inc. and Microsoft Corporation have made SMT technology popular with their free online engines in the country
• Demand for Statistical Machine Translation (SMT) has significantly increased over the past few years, due toits effectiveness over Rule-Based Machine Translation (RBMT) in terms of time and cost
• SMT contributed to more than 65.0% of the overall MT market revenue
• Key players in the industry include IBM Corporation; SDL PLC; Lionbridge Technologies Inc.; Asia Online Pte Ltd.; and Lighthouse IP Group.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global machine translation market report on the basis of application, technology, and region:

Machine Translation Application Outlook (Revenue, USD Million, 2012 – 2022)

• Automotive
• Military & Defense
• Electronics
• IT
• Healthcare
• Others

Machine Translation Technology Outlook (Revenue, USD Million, 2012 – 2022)

• RBMT
• SMT
• Others

Machine Translation Regional Outlook (Revenue, USD Million, 2012 – 2022)

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

Access Press Release of Machine Translation Market @ https://www.grandviewresearch.com/press-release/global-machine-translation-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

4K TV Market Size Predicted To Reach USD 380.9 Billion By 2025 : Grand View Research Inc.

San Francisco, 28 February 2020: The Report 4K TV Market Size, Share & Trends Analysis By Screen size (Below 52 Inches, 52 – 65 Inches, Above 65 inches), By Region, And Segment Forecasts, 2018 – 2025

The global 4K TV market size is expected to reach USD 380.9 billion by 2025, at a CAGR of 21.2% according to a new report by Grand View Research, Inc. The evolving nature of the consumer electronic industry, advancements in graphic engines of televisions, increased pressure on manufacturers to reduce prices, and popularity of the ultra-high definition technology & its advantages have fueled the demand for UHD televisions in the past few years. Latest graphic processors permit advanced technical image formats and have improved the content quality significantly hence, they are widely used in production and distribution of UHD content. Customers are getting accustomed to using such contents, which is further anticipated to spur the market growth.

The 52–65 inches’ segment dominated the global 4K TV market in 2016 since this segment has a wide range of product offering at different price points. Moreover, the adoption of novel technologies, such as Quantum dot LEDs (QLEDs) and Super UHD (SUHD) and decreasing prices of 4K TVs are expected to catapult the segment demand over the forecast period.  Televisions belonging to this range have high penetration rates as compared to the others. However, the above 62 inches’ screen size segment is expected to witness the highest growth over the forecast period owing to the declining price trend of 4K TVs coupled with increasing disposable incomes of individuals globally.

China is one of the biggest manufacturers of LCD panels for televisions. The country accounted for more than 70% of the total market share in 2016. Furthermore, North America is projected to be the highest growing region owing to the rising disposable income of the individuals and the increasing penetration of UHD set top boxes in the region.

Access Research Report of 4K TV Market @ https://www.grandviewresearch.com/industry-analysis/4k-tv-market

Further key findings from the report suggest:

• The global UHD TV market is expected to witness a CAGR exceeding 20% from 2017 to 2025 owing to the changing consumer preference from HD to UHD technology along with increasing demand for high-end home products
• Moreover, increasing penetration of ultra-high-speed internet, particularly in developed regions including metropolitan cities are expected to favorably impact the 4K TV market growth over the coming years
• The 52 – 65 inches’ segment accounted for the largest share in 2016, which is accredited to increasing penetration of 4K TVs in the higher economic class; however, with decline in TV prices the above 65-inch screen size segment pose high growth opportunities
• The Asia Pacific region accounted over 40% of the overall revenue share in 2016 and is also expected to dominate over the forecast period owing to the huge adoption along with declining prices of 4K televisions
• A few key players who captured a significant market share in 2016 are Samsung, LG Electronics, Sony Corp., Hisense, and Sharp Corp

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

Grand View Research has segmented the global 4K television market based on the screens sizes and region:

4K TV Screen Sizes Outlook (Revenue, USD Billion,Volume, Million Units; 2015 – 2025)

• Below 52 inches
• 52 – 65 inches
• Above 65 inches

4K TV Regional Outlook (Revenue, USD Billion,Volume, Million Units; 2015 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of 4K TV Market @ https://www.grandviewresearch.com/press-release/global-4k-tv-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Earphones & Headphones Market Projected To Reach USD 15.80 Billion By 2025 : Grand View Research Inc.

San Francisco, 28 February 2020: The Report Earphones & Headphones Market Size, Share & Trends Analysis Report By Product (Earphones, Headphones), By Price, By Technology (Wired, Wireless), By Application (Fitness, VR), And Segment Forecasts, 2019 – 2025

The global earphones & headphones market size is expected to reach USD 15.80 billion by 2025 registering a CAGR of 5.9%, according to a study conducted by Grand View Research, Inc. Rising usage of smartphones, tablets, and other handheld electronic devices is expected to be the key factor driving the market. Increasing popularity and online streaming of music is also one of the factors expected to boost the market growth. In addition, technological advancements pertaining to noise cancellation is expected to fuel the market growth. Growing demand for affordable products equipped with advanced features has compelled manufacturers to focus more on innovation and product differentiation.

Furthermore, due to rising awareness about fitness, manufacturers are also developing products that are equipped with fitness tracking and monitoring features. For instance, in October 2018, Bose Corporation introduced its Bose SoundSport Pulse wireless headphones, which can be paired with Bluetooth, are sweat proof, and are capable to track heartrate while performing any activities at the gym. Rising demand for fashionable and trendy products coupled with increasing popularity of smart headphones is also likely to augment market growth. In addition, increasing product usage at workplaces is anticipated to fuel the demand further. However, growing availability of counterfeit products is one the major challenges that may affect the earphones & headphones market growth.

Access Research Report of Earphones & Headphones Market @ https://www.grandviewresearch.com/industry-analysis/earphone-and-headphone-market

Further key findings from the study suggest:

• Wired technology is expected to be the largest segment over the forecast period due to growing usage of smartphones and tablets
• North America captured a substantial portion of the earphones & headphones market, which is primarily attributed to the high market penetration and technological advancements. Additionally, the presence of some big companies, such as Beats, Bose, and Skullcandy, has revolutionized the regional market with the availability of high-end products
• The earphones segment held a significant market share in 2018 and is likely to maintain its dominance from 2019 to 2025. This is primarily attributed to the growing demand for wireless earphones
• The market is highly competitive and fragmented marked by the presence of prominent companies, such as Apple, Inc.; JVC; Sony Corp.; Skullcandy, Inc.; Bose Corp.; Sennheiser Electronic; and Shure Inc.
• Most of these companies emphasize on R&D for product differentiation and to improve product quality and reliability

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

Grand View Research has segmented the global earphones and headphones market on the basis of product, price, technology, application, and region:

Earphones & Headphones Product Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)

• Earphones
• Headphones

Earphones & Headphones Price Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)

• Less than 50 USD
• Between 50 to 100 USD
• Above 100 USD

Earphones & Headphones Technology Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)

• Wired
  • ANC
  • Others
• Wireless
  • ANC
  • Bluetooth
  • NFMI
  • Smart Headphones
  • Others

Earphones & Headphones Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)

• Fitness/Sports
• Gaming
• Virtual Reality (VR)
• Music & Entertainment

Earphones & Headphones Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of Earphones & Headphones Market @ https://www.grandviewresearch.com/press-release/global-earphones-headphones-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Service Robotics Market Demand, Status, Analysis And Forecasts: Grand View Research Inc.

Service Robots are the robots mainly developed to assist humans with the work that are dirty, dull, distant, dangerous or repetitive, including household chores. These robots are operated by internal controlling system and provide an option to manually override the ongoing operation. This option is helpful when complications arise. International Organization of Standardization defines a “Service robot” as a robot “that performs useful tasks for humans.”

Service robots are categorized into two types, namely, Personal robots and Professional robots. Personal robots are very different from the professional robots. They are used to automate normal mundane, dangerous and repetitive works, so that humans can be freed from these physical works and can focus on more intellectual functions. However, professional robots are either semi-autonomous or fully autonomous robots which can interact with humans. Some are employed in retail, healthcare, warehouses; while others are employed in demanding sectors like the military, space, agricultural settings and police work.

Factors At Work

Service robots are gaining importance due to several factors that the modern age brings. These are:

• Regular mundane works are handled with higher efficiency by the service robots and provides more time for the user to concentrate on the important functions.
• Manufacturing & assembly time is reduced, due to higher efficiency and no issue of tiredness with the robots. This brings in good amount of profits for the company.
• Proliferation of technology and newer innovations in the sector are going to be a major driver of growth for the robotics market.
• Dangerous and distant works are completed without putting human lives in danger. In defense sector, major usage of service robotics is mainly to substitute humans with machines on the battlefield and reduce the loss of lives there.
• Safety concerns with the adoption of robots is a major inhibitor of growth, as they are employed in close proximity of humans.
• Major components used are sensors, microcontrollers, power supply, actuators, and manipulators, of which sensors are the most critical. These components are high in price, which leads to robots being extremely pricey. This is also one of the major factors affecting the growth of the service robotics market.

Access Research Report of Service Robotics Market @ https://www.grandviewresearch.com/industry-analysis/service-robotics-industry

Recent Upheavals

The service robotics market is brimming with potential and whole world is waiting intently for the major new innovations that can bring a paradigm shift in the way things are done. With this in the back of the mind of researcher and robotics experts, there are many new developments that has taken place in recent times.

• Nestléhas used a humanoid robot, called Pepper, in numerous Japanese department stores to sell coffee makers. Pepper understands about 80% of the conversations and uses the information it learns to help customers.
• Companies like Cobaltand Knightscope are leasing out security robots. These devices are the size of a person and they travel around corporate offices, equipped with heat sensors, facial detection and employee badge scanners. The robots rove autonomously, watching for signs of trouble, like an unauthorized person entering the building.
• Ecovacs’ WINBOT 950is the latest addition to the window cleaning list of robots. It has smart drive cleaning system which gives it ability to maneuver into the corner.
• Fetch Robotics provides cloud-driven Autonomous Mobile Robot (AMR), which is the perfect robot to help in material handling and data collection for warehousingand intralogistics environment. It helps in improving productivity and efficiency.

Access Press Release of Service Robotics Market @ https://www.grandviewresearch.com/press-release/global-service-robotics-industry

Smart Homes Market Future Challenges ,Industry Analysis And Forecast : Grand View Research Inc.

The smart home market has generated quite a buzz in the United States, owing to the presence of major competitors, as well as a substantial number of connected devices. The penetration of smart devices in households in the region is 32.4% in 2020, which is expected to rise to 52.4% in 2024. Besides the U.S., Western Europe economies are also quite ahead in terms of smart home installations.

Another concept that is closely related to this area is “smart buildings”. Of course, every smart home is a smart building, but vice-versa, it is not true. Smart buildings are more focused on application of IoT for improving the efficiency of the building, reducing energy costs associated with it, having a positive environmental impact, as well as ensuring safety and maximizing employee satisfaction. For example, a smart building can save on lighting and energy costs through the use of occupancy sensors.

Smart buildings can also connect to smart grids, which would lead to optimum maintenance and energy distribution, as the electric grids and building components can ‘listen’ and ‘talk’ to each other. Additionally, smart buildings can benefit the management through the concept of ‘predictive maintenance’, wherein maintenance and failures, as well as supplies, can be managed much more efficiently.

Factors that have led to the high adoption of smart homes include:

• High proportion of internet users around the globe as well as the continued rise in smartphone penetration.
• Increased need to monitor homes from remote locations (increased security) has created healthy demand for the smart homes industry.
• Increased focus on utilizing energy-efficient solutions, as well as minimizing carbon emissions.
• Focus of market competitors on widening their smart home product portfolios.
• Entertainment systems, lighting control solutions, home system appliances, and smart speakershave witnessed huge growth in popularity in the past few years, which again increases the attractiveness of the smart homes market.
• Increase in aging population, which constitutes a significant demographic in the market, as well as rising disposable income in developed and emerging economies, are also driving the market.

However, every technology brings with it a set of problems, and this is true in case of smart homes. The major challenge for the smart homes market is security and privacy of consumers, as you would be having information about every possible functioning in the house, which other members would definitely feel as an invasion of privacy. Also, even though the technology has been there for quite some time, it is still proving to be expensive to adopt by a large number of households. Such challenges need to be tackled at the earliest.

 Access Research Report of Smart Homes Market @ https://www.grandviewresearch.com/industry-analysis/smart-homes-industry