Rapidly Emerging Contact Research Organizations to Boost Uptake of Microscopy Devices in Life Sciences Applications

Over the past few years, microscopy devices have soared in popularity driven by their applications in studying various biological interactions and processes at cellular level. Their use have facilitated the discovery of novel therapies and advanced diagnostics in treating a wide variety of diseases worldwide. The need for advanced technologies to investigate various cell types and meticulously examine their interactions with other compounds has stimulated the demand for microscopy devices. An increasing number of biotechnology and pharmaceutical companies have shifted toward forming collaborations with contract research organizations (CRO) in order to leverage the potential of modern technical expertise and reduce the cost of R&D activities. This development has spurred the demand for microscopy devices in the life sciences industry.

In recent years, the advent of ultra-precision and high-resolution microscopy and increasing adoption of automation technologies in biosciences are key trends catalyzing the demand for microscopy devices in life sciences applications. The launch of fluorescence microscopes is an encouraging development in this regard. The worldwide market for life science microscopy devices is projected to reach US$2.0 bn by the end of the forecast period and is expected to rise at 6.5% CAGR of during 2016–2024. 

Obtain Report Details @

Which are the microscopy device types likely to witness significant uptake in the life sciences industry? 

The major types of microscopy devices used in life sciences applications are optical microscopes, electron microscopes, and scanning probe microscopes. Optical microscopes constitute a major segment in the market. The impressive demand for optical microscopes is attributed to their wide applications in research laboratories across various emerging nations and soaring demand in areas such as clinical, pathology, pharmacology and toxicology. The low cost of these devices is crucial factor bolstering their uptake. The development of integrated microscopes is also expected to fuel their demand. The prominence of integrated optical microscopes over electron and scanning probe microscopes is due to the cost-effectiveness of the former, as they do not need any additional systems such as detectors, scanners, and imaging. 

The demand for optical microscopes is primarily fuelled by the growing popularity of fluorescence microscopes. The high sensitivity and specificity of fluorescence microscopes has led to their extensive use in a variety of intra and intercellular processes such as exocytosis and endocytosis. However, the prevalence of intense competition among vendors may slightly hamper the demand for optical microscopes in the forthcoming years. 

Which regions are projected to provide abundant promising opportunities for manufacturers of microscopy devices?

North America is expected to provide lucrative avenues for players in the life sciences microscopy devices market. The regional market held the dominant share in 2016 and is forecast to maintain its lead throughout the forecast period.  Spiraling R&D spending in the life sciences and biomedical industries is anticipated to bolster the demand for various types of microscopy in the region.

Meanwhile, the Asia Pacific market for microscopy devices in life sciences will exhibit a stellar performance along the forecast period. The substantial demand for microscopy devices in the region is on the account of rapid advances made in nanotechnology, especially in China and Japan, and continuous technological advancements in microscopy devices. 

Increasing Prevalence of Vision-Stealing Disorders to Bolster Demand for Ophthalmic Lasers

Lasers have become an essential part of treatment modality for a number of practicing ophthalmologist. Ophthalmic lasers have gained prominence with the popularity of laser-assisted surgeries for rectifying nearsightedness or myopia. The increasing incidence of ophthalmic disorders and rise in geriatric population in various regions have boosted the application of different types of lasers in treating specific eye problems and improving vision. Technological advances have significantly increased the safety and accuracy of these devices.

In recent years, vision scientists studying naturally occurring retinal fluorescence discovered newer applications in diagnostic retinal imaging Combined with advances in adaptive optics and the adoption of automation technologies, physicians find ophthalmic lasers helpful in detecting glaucoma, diabetic retinopathy, and several other devastating vision-stealing diseases in the early stages. All these developments are expected to catalyze the demand for ophthalmic lasers. Expanding at 4.60% CAGR from 2016 to 2024, the market is projected to reach US$1.44 bn by the end of forecast period.

Obtain Report Details @

Which end users are expected to offer promising opportunities for vendors of ophthalmic lasers? 

Hospitals, ophthalmic clinics, and ambulatory surgical centers (ASCs) have emerged as primary end users of this ophthalmic lasers. A major demand for ophthalmic laser surgeries is expected to come from various ophthalmic clinics and they are expected to contribute a significant chunk of market revenue in the coming years. The substantial demand for laser-assisted surgical processes, such as the LASIK surgery, among a large number of patients is attributed to the preference of eye specialists and the increased convenience witnessed by caretakers in clinical environments. Physicians seeking a non-invasive and accurate method for diagnosing Alzheimer’s in the earliest stages find the use of lasers as a promising prospect.

BioLight Israeli Life Sciences Investments Ltd., signed a memorandum of understanding with Chengdu Kanghong Pharmaceuticals Group Co., Ltd., a Chinese company, in April, 2017 to dilute its stake in IOPtima, IOPtima has been developing laser surgery technology for the treatment of glaucoma. Under the MoU, currently non-binding in nature, the Chinese company will invest a sum of $7 million in IOPtima for garnering 19% of its shares at a $30 million company value. This will confer on the company exclusive rights for selling ophthalmic lasers in China. Such developments bode well for the market.  

Which regions are anticipated to exhibit significant uptake of ophthalmic lasers? 

North America is expected to provide lucrative avenues for the ophthalmic lasers market. The substantial demand for ophthalmic lasers is driven by the presence of a large number of leading companies in North America. The regional market occupied a significant market share of 40% in 2016. The spiraling investments of private players in research and development and the presence of a robust healthcare infrastructure are key factors fuelling the demand for ophthalmic lasers. In addition, a well-organized regulatory infrastructure that expedites the approval of new products are expected to boost product innovations, thereby catalyzing the regional market. 

On the other hand, Asia Pacific is fast emerging as a prominent regional market for ophthalmic lasers. In the forthcoming years, the growth of the regional market is expected to outpace others. The prevalence of various vision disorders in various countries such as China and India is a key factor bolstering the demand for ophthalmic laser surgeries. 

The Middle East and Africa (MEA) and Latin America are expected to provide exciting opportunities for player in the ophthalmic lasers market. The impressive growth is attributed to the soaring medical tourism and the inexpensive eye care treatments. 

Research in Expanding Biomedical Applications to Bolster Uptake of Collagen Products

Collagen is one of the most widely used biomaterials and is the most abundant tissue in nature. The use of collagen in a number of industrial and biomedical applications has gained traction in recent years. Collagens are used in a vast range of biomedical applications such as drug delivery systems, tissue engineering, wound healing, and a variety of dental and orthopedic surgeries. The myriad biomedical applications are stimulated by their amazing biocompatibility and remarkable safety attributable to unique medical characteristics such as biodegradability and weak antigenicity. 

Rising applications of collagen in various fields such as medicine and biotechnology, and in the cosmetic and pharmaceutical industries are positively impacting the growth of the collagen market over the forecast period. The most commonly used collagen are made from bovine and porcine tissues. The global collagen market is forecast to expand at a CAGR of 9.4% during 2015–2023 and reach a value of US$9.37 bn by the end of the forecast period.

Obtain Report Details @

Which are the factors likely to stimulate investments in the commercialization of collagen? 

The soaring popularity of minimally-invasive surgeries or non-invasive surgeries has spurred the demand for collagen for various reconstructive surgeries. The emerging demand for marine collagen is driven by fewer side effects and is expected to stimulate investments in this segment. The market for marine collagen is anticipated to rise at the highest CAGR of 11.6% during 2015 – 2023, in terms of volume. In addition, the increasing adoption of collagen in a wide spectrum of tissue engineering applications such as bone substitutes, artificial blood vessels, and valves has led several companies in making substantial R&D investments. 

Recent development activities focused on enhancing the efficacy of collagen products in drug delivery systems has led to newer ophthalmic applications as collagen shields and as sponges for various traumatic wounds. These factors are expected to catalyze several commercial initiatives by emerging and established players.

In addition, collagen is used in various scientific researches in studying cell culture, which is useful for therapeutic and diagnostic applications. A team of researchers from the University of Utah revealed in March, 2017 that collagen damage at the molecular level may signal an alert of an impending tissue damage and significant pain. The finding was declared in a medical release and can be useful in avoiding the total damage of tissues that may be forthcoming. The scientists believed that these findings can be helpful for athletes by facilitating their training and rehabilitation process. 

Which are the regions projected to offer lucrative market avenues? 

Currently North America and Europe are the leading regional markets and accounted for a combined market share of more than 60% in 2014. The substantial growth of the market is attributed to robust manufacturing capabilities, increased R&D spending by leading players, and its burgeoning use in newer biomedical applications.  

Meanwhile, a substantial demand for collagen is expected to come from Asia Pacific. Rapidly growing geriatric population in the region, especially in developing and developed nations, and the rising awareness of the advantages of collagen for various wound healing and tissue engineering applications have bolstered the uptake of collagen. In addition, intensive government support to increase awareness of the health benefits of collagen and constant technological in manufacturing processes are crucial factors fuelling the demand for collagen in Asia Pacific. The regional market is anticipated to expand at the highest CAGR of 10.7% from 2015 to 2023. 

Luxury and Athletic Socks See High Demand in Major Countries

The world of socks has come a long way from being a basic layer of padding between a foot and a shoe. The modern utilities of socks are as innumerable as there are necessities, and manufacturers of socks understand that. A lot of players in the global socks market flow between the more common segments of sock types to the highly niche fields, due to the unique nature of the market. This applies especially to the makers of athletic socks, due to the wide range of sports that can do with socks created keeping the athletes in mind. The makers of socks for athletes, for instance, can work on adding padding to specific areas on a sock, rather keeping the entire area uniform, and changing the padding density and location according to the sport. Most of the top manufacturers of socks in the world are investing in research and development efforts to bring about innovations that can become the next big trend in the global socks market.

The global socks market is expected to reach US$11.6 bn by the end of 2023. The market is likely to continue expanding at a promising CAGR of 8.5% within a forecast period from 2015 to 2023. Several factors govern the growth of the overall demand for socks in the world. With so many categories in the market, the generalized direction of the market can be a tricky calculation, which can be begun through the answers to the following questions:

Is There a Place for Luxury Socks?

Two of the biggest advantages that the apparel industry as a whole has received over the recent past, are the growing urban population and the rising disposable incomes. The increase in the number of people living in urban areas around the world is giving them the chance to be exposed to the latest fashions and trends in the apparel market as well as give them the opportunity to buy the products that they like. This applies specially to the global socks market due to the relatively small percentage of the apparel industry that this market takes up. The small size of the global socks market, compared to the overall apparel industry, makes it difficult for manufacturers to generate a very high level of market penetration, thereby restricting them to stores that sell fashion accessories and such. 
Therefore, the urban population has a much higher chance of gaining awareness about new products. At the same time, the increasing disposable incomes in this urban landscape is providing the global socks market with ample opportunities to release new products and work on innovative ideas. These factors have collectively given a major shot in the arm to the luxury socks segment in the global socks market. This segment is expected to expand at an optimistic rate over the coming years.

Where do Athletic Sock Makers go From Here?

While the athletic socks segment is currently showing a very high rate of growth, the future of this segment can only be strengthened through improved efforts in research and development. This applies especially to the more prominent and globally known players in the global socks market. The local players in the market currently hold a very strong grip on most types of socks in the emerging economies, due to their lower costs. While there is a growing demand for socks from the more renowned brands in the world in regions such as Asia Pacific, there is much that these players can do in terms of unveiling region-specific socks, in order to solidify their position in the global socks market.

Constant Product Innovations to Bolster Uptake of Wearable Medical Devices

Over the past few decades, wearables have soared in popularity among consumers. Wearable medical devices, including fitness and health gadgets, have largely transformed healthcare. Driven by the need for constant monitoring of health parameters in a variety of environments, wearables have gained constant adoption. They consist of a range of devices such as fetal monitors and obstetric devices, diagnostic and therapeutic devices. The increasing prevalence of chronic illnesses, such as congestive heart failure, hypertension, diabetes, and chronic obstructive pulmonary disease, has spurred their demand worldwide. 

Several manufacturers are constantly bringing innovations in wearable devices, leading to more precise monitoring. In recent years, there has been substantial demand for wearable diagnostic devices among athletes. An increasing number of medical devices gaining approval by the FDA and intensive efforts by manufacturers to bring product innovations are key factors stimulating the growth of wearables in the healthcare industry. Fuelled by advancement in connected technologies, manufacturers are headed for exciting times ahead. Driven by ample opportunities, the global wearable medical devices market is anticipated to surge to US$10 bn by the end 2023, expanding at a whopping CAGR of 18.0% during the period 2015–2023. 

Obtain Report Details @

What are the key factors propelling the demand for different types of wearable medical devices? 

A burgeoning patient pool – attributable to the prevalence of chronic diseases – and constant technological advancements are crucial factors stimulating the demand for wearable medical devices. Rising geriatric population in several developed and developing regions has significantly boosted the demand. The advent of smart connected technologies such as glucose monitoring devices in smartphones has enabled users to track their glucose levels in real time. 

The increasing inclination of patients and their caretakers to remotely monitor health has stimulated the adoption of implanted medical devices and home-based telehealth medical devices. The increasing adoption of wearable medical devices to be used as vital sign monitors is fuelled by increasing prevalence of cardiovascular diseases. A soaring demand for electrocardiographs and other vital signs monitors among the health-conscious population is attributed to the ergonomic design of devices, cost-effectiveness, and reliable and hassle-free monitoring. 

Recent clinical trials in various developed markets have indicated the adoption of wearable medical devices in extending the survival rate of patients suffering from life-threatening diseases. 
A randomized phase III clinical trial presented at the American Association for Cancer Research (AACR) Annual Meeting in April 2017 revealed that Optune, a portable wearable device approved by the U.S. FDA, delivers tumor-treating fields (TTFields). This device, when paired with standard chemotherapies, significantly improved the survival rate in patients with newly diagnosed glioblastoma, the most aggressive type of brain cancer found in adults. Such developments augur well for the market. 

Which geographical regions are expected to provide lucrative avenues? 

Majority of the demand for wearable medical devices comes from North America. The regional market is expected to register an impressive CAGR of 15.8% during 2015–2023. The leading position of this regional market is due to an increasing number of early adopters, wide presence of mid-sized and large manufacturers, and an expanding patient pool. A substantial demand comes from advanced nations such as the U.S. and Canada. 

Asia Pacific will provide promising growth opportunities for market players. The substantial growth of the Asia Pacific market is attributed to an increasing incidence of chronic diseases in various countries and the rising prevalence of type II diabetes in emerging nations such as China. 

Availability of Technologically Advanced Diagnosis Kits in Developed Countries Facilitates Greater Penetration of Cytology and HPV Testing

The expanding base of patients suffering cervical cancer and HPV infections has so far been the primary factor building a foundation for the global cytology and HPV testing market. The spiraling number of new cases of cervical cancer and the subsequent increase in the number of deaths due to it is inculcating a sense of awareness regarding the importance of early detection and diagnosis of cancer. The growing awareness about the availability of screening tests is a shot in the arm for the global market.
As per a study by Transparency Market Research (TMR), the global cytology and HPV testing market stood at US$8.39 bn in 2016 and is estimated to reach US$10.54 bn, rising at a noteworthy CAGR of 9.2% therein. A TMR analyst states that developing countries offer a plethora of growth opportunities, owing to factors such as improving healthcare infrastructure and expanding local manufacturing base. But on the other side of the coin, the presence of outdated facilities and lack of proper access to the healthcare infrastructure in several developing nations is dampening the widespread adoption of cytology and HPV testing.

Obtain Report Details @
How are developed regions contributing to the growth of the global cytology and HPV testing market?
North America will continue to be the front-runner in the global cytology and HPV testing market until 2024, accounting for 55.5% of its value. The dominance of the region is largely supplemented by the increasing incidence of HPV infections and cervical cancer. The major contributors to the growth of the region are developed countries such as the U.S. and Canada. The easy availability of technologically advanced diagnostic test kits along with high awareness among the populace regarding these kits, thanks to government initiatives are fuelling the markets in these countries. The growth of North America can also be attributed to the new guidelines by the Food and Drug Administration (FDA). Due to all these factors, the region is poised to exhibit a CAGR of 3.3% during the same period, making inroads in the shares of other regions. The region will be trailed by Europe.
What are the strategies looked upon by key players as viable ways to stay ahead in the global cytology and HPV testing market?
The dominance of a handful of global participants over the cytology and HPV testing market is rendering the nature of the arena oligopolistic. The nature of the market keeps the degree of competition low to moderate and also makes it difficult for new players to penetrate in the market. While F. Hoffmann-La Roche AG, Hologic Inc., and Qiagen N.V. represented 86.0% of the global HPV testing market, Becton Dickinson and Hologic Inc. commanded 89.0% of the global cytology testing market in 2015. A raft of key players is collaborating with diagnostic laboratories and making contracts with governments for patient care programs to enhance their visibility in the market.
Besides this, international expansions and product launches are also some of the key growth strategies of these players to stay ahead in the market. For instance, after receiving approval for its Cobas HPV test from the FDA in 2014, Roche launched the assay in European markets in March 2017 after meeting the safety, health, and environmental protection standards and receiving the CE conformity marking.

Emergence of 4G LTE Networks Revolutionizing Global WebRTC Market

The global web real-time communication market is displaying unprecedented growth since the inception of WebRTC in 2011 by the World Wide Web Consortium and Internet Engineering Task Force. WebRTC has brought a sea of change in communication mechanism overcoming complexity and cost consideration of predecessor technologies that limited their use to specialized service providers. 

WebRTC refers to a set of standards used to embed real-time elements (video, voice, or data) between peer-to-peer connections. Being a free, open project it helps simplify implementation, reduces technology cost, and stimulate a broad ecosystem for real-time communication capabilities. These factors along with the compatibility of WebRTC with multiple devices is the reason for the phenomenal growth of the WebRTC market over the past several years. For all the positive reasons the WebRTC market is expected to display outstanding growth in the future as well. 

Transparency Market Research finds that the global WebRTC market is expected to rise at a phenomenal 24.30% CAGR between 2017 and 2025. If the figure holds true, the valuation of the market will reach US$81.52 bn by 2025 increasing from US$10.71 bn in 2016. 

This blogpost presents answers to several questions that are important with respect to the growth of global WebRTC market.

Q. What are the major factors favoring the growth of WebRTC market?

A. The rising popularity of IP multimedia subsystems (IMS) is positively impacting the adoption of WebRTC solutions. In the telecommunication industry, IMS offers standard voice call services over an IP packet-switched network. With the emergence of 4G LTE, the adoption of Voice over LTE (VoLTE) is expected to set a new benchmark for mobile users. 

As WebRTC functions on IP-based systems, mobile network operators are using WebRTC solutions to reap advantages of VoLTE for mobile users, thereby having a positive impact on WebRTC market. Apart from this, device compatibility and ease of use are also positively influencing the market’s growth.

Q. How are regional markets for WebRTC faring in terms of growth? 

A. North America tops the global market for WebRTC with the region holding a share of more than 40% in 2016. The increasing uptake of WebRTC technology mainly due to its increasing usage in UCaaS and telecom services is benefitting the growth of this regional market. Analysts predict that North America will retain its dominant position over the coming years because of high internet speed and an incessantly increasing number of mobile subscribers in the region.

Europe WebRTC market is displaying substantial growth due to the early adoption of technology in the region. Asia Pacific is expected to present lucrative growth opportunities for players in the WebRTC market due to significant improvement in telecom services and an increasing number of internet users.

Q. Which solution segment of WebRTC displays the highest demand?

A. Among all solution segments of WebRTC, the demand for video outpaces all. This segment held a share of more than 57% in the overall market in 2016.

Latest Post

Market Research Reports