European Medicines Agency Recommends Slew of Drugs for Various Indications

An array of new drugs is in line for approval from the Committee for Medicinal Products, which works under the aegis of the European Medicines Agency. The Committee has recommended for approval about 15 new products that will now have to receive the final nod from regulators shortly.

Among the drugs listed for approval are: Harvoni from Gilead, Ketoconazole HRA (ketoconazole) from Laboratoire HRA Pharma, and cancer drugs Vargatef (nintedanib) by Boehringer Ingelheim and Cyramza (ramucirumab) from Eli Lilly.

Harvoni—which belongs to a new antiviral products’ generation—has been recommended for clearance for treating hepatitis C among adults. On similar lines, Ketoconazole is being pushed as a treatment option for patients suffering Cushing’s syndrome – a rare disorder related to the hormones.

The cancer drugs that have been given the green signal – and now await a final approval – are Vargatef (nintedanib) for lung cancer (non-small cell) and cyramza for gastric cancer. These drugs have been pushed for the final round of approvals on the basis of their previous records and ability to tap into unmet needs.

Among the other drugs that have been recommended for approval are Teva’s Egranli and two drugs from Almirall (Duaklir Genuair and Brimica Genuair). A slew of drugs for other indications such as COPD and asthma, opioid-induced constipation, and erectile dysfunction from other pharma companies are also in line for being approved.

Interestingly, a number of hybrid applications have been also given the green signal, and will now have to receive final approval from regulators.

Regenerative Medicine (Bone and Joint) Market Expected to Reach USD 6.5 Billion Globally in 2019

According to a new market research report published by Transparency Market Research “Regenerative Medicine (Bone and Joint) Market (By Technology - Stem Cell Therapy, Biomaterial and Tissue Engineering; By Applications - Bone Graft Substitutes, Osteoarticular Diseases, Allogeneic Products, Autogenic Products and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” the global regenerative medicine (bone and joint) market was valued at USD 2.6 billion in 2012 and is estimated to reach a market worth of USD 6.5 billion in 2019 growing at a CAGR of 12.8% from 2013 to 2019.

Regenerative medicine is considered as an emerging field of medical science that aims to regenerate, repair or replace damaged tissue and organs. U.S. National Institute of Health stated that regenerative medicine is the process of creating functional tissue to repair and replace tissue or organ which has lost their function due to damage, congenital defects, disease and age. Technological advancement in tissue engineering and stem cell therapy is expected to drive the global market for regenerative medicine (bone and joint). Moreover, growing prevalence of bone and joint disorder has also accounted for the market growth of the global regenerative medicine (bone and joint) market. However, ethical issues pertaining to stem cell therapy and fear of disease transmission due to allogeneic bone implantation are considered as market hindering factors during the study period. Companies operating in this market focus on investing in emerging economies of Asia-Pacific such as India, China, Japan and South Korea. These economies represent huge potential for various bone and joint reconstructive products due to rising healthcare expenditure and presence of large patient pool suffering from arthritis disorder (rheumatoid arthritis).

The global market for regenerative medicine is segmented based on technology as stem cell therapy, biomaterials and tissue engineering. In 2012, biomaterials segment accounted for the largest market share in the global regenerative medicine (bone and joint) market owing to favorable reimbursement policies and strong demand of biomaterials in the global market. However, high cost associated with biomaterials is a factor that would restrict the global market demand to some extent during the study period.

Browse the Regenerative Medicine (Bone and Joint) Market Report:    

In addition, based on applications the global market for regenerative medicine (bone and joint) is segmented as bone graft substitute, osteoarticular diseases, allogeneic bones, autogenic bones and others. In 2012, bone graft substitute segment accounted for the largest market share in the global regenerative medicine bone and joint application market owing to growing demand of bone graft substitute in orthopaedic surgeries. However, post implantation rejection associated with bone graft substitute is considered as a crucial factor that would restrict the global market demand of bone graft substitute.

On the basis of geography, the regenerative medicine (bone and joint) market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America accounted for the largest market share for regenerative medicine (bone and joint) globally in 2012 owing to increase in orthopedic reconstructive surgeries and introduction of technologically advanced medical devices and products. According to the American Academy of Orthopedic Surgeons (AAOS), prevalence of Lumbar Spinal Stenosis (LSS) is increasing with rise in elderly population and is estimated that approximately 2.4 million Americans would be affected by LSS by 2021. It has also stated that in 1990 approximately 129,000 Total Knee Arthroplasty (TKA) surgeries were performed in the U.S.

Europe accounted for the second largest share in the global regenerative medicine (bone and joint) market in 2012. Large geriatric population base is one of the important factors driving the growth of regenerative medicine bone and joint application market in this region. Asia-Pacific is expected to grow at the highest CAGR from 2013 to 2019, due to large pool of potential reconstructive surgery patients and strong support from federal government. Additionally, companies are expecting large revenue with sufficient market penetration from Asia-Pacific region and thereby focusing on increasing investments in this region. For instance, in May 2013, Smith & Nephew acquired Sushrut Surgical Pvt. Ltd. an Indian medical technology company. Sushrut Surgicals product portfolio includes trauma implants and instruments, spine and limb salvage products. This acquisition would expand and enhance the product offerings of Smith & Nephew and would also assist in capturing lucrative market share in Asia-Pacific region.

Major market players having presence in the global regenerative medicine (bone and joint) market include DePuy Synthes, Inc. (HEALOS Bone Graft), Medtronic, Inc. (INFUSE Bone Graft) and Zimmer Holdings, Inc. (CopiOs Bone Void Filler), Orthofix, Inc. (Trinity Evolution) and NuVasive, Inc. (Osteocel Plus).

The global regenerative medicine (bone and joint) market is segmented as follows:
Regenerative Medicine (Bone and Joint) Market, by Technology
  • Stem Cell Therapy
  • Biomaterial
  • Tissue Engineering

Regenerative Medicine (Bone and Joint) Market, by Application
  • Bone Graft Substitutes
  • Osteoarticular Diseases
  • Allogeneic Bones
  • Autogenic Bones
  • Others

Regenerative Medicine (Bone and Joint) Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Federal Aviation Administration Allows Entertainment Companies to Use Drones Commercially

Last week, in an announcement that could have far-reaching implications, the Federal Aviation Administration allowed six leading filmmaking companies to make commercial use of drones fitted with cameras. Until now, drones could be used only over the wilderness of Alaska. However, with these flying machines now being allowed to operate over populated regions in the United States, the skies will likely never be the same again.

Film and entertainment companies such as Cirque du Soleil and Disney have already showed great interest in using drones in their productions. Disney, for instance, has made three patent applications for using drones in its outdoor shows. These drones will carry Disney characters’ marionette versions, or be lit-up as a substitute for actual fireworks.

On the other hand, Cirque du Soleil too recently released a video that that showed a man in a ‘flying dance’ performance with 10 ‘quadcopters’.

Computer-generated imagery is currently being felt in Hollywood and companies are vying to gain the first-mover advantage. The use of drones will help these companies generated awe-inspiring footage, ultimately potentially leading to better revenues at the box office.

The new decision by the FAA will boost the use of commercial drones, and unprecedented applications will now emerge from this new opportunity.

Last year, new reports about Amazon testing drones to offer 30-minute delivery on a purchase, created quite a buzz. The service is reportedly being called ‘Amazon Prime Air’. In addition to these big names, there are at least 40 other applications pending with the FAA for the commercial use of drones. Other companies that have been proactively pushing for this cause include Google and Facebook.

Boeing Joins Hands with Liquid Robotics for Unmanned Marine Drones

Boeing, in partnership with a liquid robotics manufacturer based in California, are working to develop technologically advanced ocean systems that can be deployed by defense organizations.

Liquid Robotics and Boeing will focus on conceptualizing and producing maritime defense

Boeing, on the other hand, will bring to the table its experience in working on surveillance, intelligence and reconnaissance solutions that it has gained over the years, largely through its Hazelwood-based facility – the Defense, Space and Security (DSS) unit.

According to CEO and president of DSS at Boeing, Chris Chadwick, the company views the partnership with Liquid Robotics as a great opportunity to create and deliver a unique defense services portfolio. This will benefit both existing and future customers of the company.

Boeing DSS operates under the aegis of Boeing Co. which is headquartered in Chicago and is listed on the New York Stock Exchange. In 2013, the revenues of the DSS unit notched US$33.2 billion – a 2% increase over fiscal year 2012. This unit is among the largest facilities in St. Louis, providing employment to over 15,000 workers.

Liquid Robotics’ headquarters are in Sunnyvale, California. The company, which was established in 2007, has managed to raise funds of over US$81 million in March last.

applications as well as anti-submarine warfare solutions. Liquid Robotics is among the many organizations that have forayed into developing unmanned drones and ocean vehicles.

Samsung’s Home Electronics will Soon Feature the Tizen OS

Samsung Electronics’ home appliances and electronics range will soon feature its state-of-the-art Tizen operating system. The electronics major said that starting 2015, a large number of its LCD televisions and home electronics will incorporate this OS.

The company is making this move with the intention of increasing the market penetration of its operating system, Tizen. Samsung is confident that it can leverage its global status in the electronics market to ensure that Tizen gains widespread acceptance and popularity among consumers. The Taiwan-based company will also soon set up a platform to develop a concept called ‘The Internet of Things’.

Taizen has already been used, with much success, in Samsung’s expanding range of wearable products. At the CES, which is slated to be held between January 6 and 9, 2015, Boo-Keun Yoon – the CEO of Samsung – is expected to present a keynote speech on the concept of ‘The Internet of Things’, as well as how it can promote interconnectivity between numerous electronic devices. He is expected to also discuss other topics such as applications and smart home appliances. The mobile devices industry has, in the recent past, witnessed dominance from operating systems such as Android and iOS. Thus, Taizen may not be able to break this dominance in the mobile phone industry just yet. Samsung is looking at the home electronics and wearable devices segment as a better alternative where it can push its Taizen OS.

Bolivia to Get New Pharma Production Facility, Courtesy Cuba

Bolivia will soon boast a new pharmaceutical manufacturing complex – its first such facility. The complex is being launched with help from Cuba. Labiofam, a Cuban state-owned chemicals and pharmaceuticals company said that it will set up the manufacturing plant in Bolivia, allowing the latter to meet 100% of its basic requirement for medicines. It was only last month that the country updated its list of basic and essential medicines.

While construction will begin immediately, the plant is expected to be fully operational by the end of 2020. It will produce pharma products that will be used by both countries, as well as others in Latin America.

This latest announcement is part of a larger co-operation agreement signed by the two countries in May 2013. The agreement was signed to provide incentives for increased pharmaceutical production in Latin American countries.

As things stand currently, Bolivia relies on imports to fulfill as much as 70% of its pharmaceutical demand. This costs the country approximately US$56 million per year.

Director General of Labiofam, Jose Antonio Fraga, told a leading news agency that the project will benefit both countries by reducing prices of pharmaceutical products and provide Latin American consumers improved access to certain medicines. He said that overall, this project could have a very positive outcome for the healthcare system in Bolivia. He said that the project aims at meeting the unmet needs of poor consumers as the prices set by large pharmaceutical companies are often beyond their reach.

The industries at the new manufacturing complex will be able to enjoy subsidies and provide drugs at a small profit margin.

Philippines Medical Devices and Healthcare Market Holds Massive Potential for U.S. Companies: ITA

The expanding medical devices and healthcare industry in Philippines is attracting the attention of global players eager to expand their international footprint and to cash in on the potential offered by emerging economies. A number of large healthcare corporations have shown an interest in investing in the Philippines. According to latest reports, the International Trade Administration (ITA), which works under the aegis of the U.S. Department of Commerce, is creating an investment and trade mission that will likely see nearly 20 U.S.-based companies enter the Philippines market. Most of these companies are leading participants in the medical devices and healthcare sector in the United States.

The ITA said that the Philippines has massive business opportunities to offer, considering that the demand for a number of healthcare devices and services is slated to grow. Industry officials said that the demand for healthcare services and medical devices will soar because of a higher per capita income of consumers, a growth in population, and consumers spending higher amounts of money on healthcare.

The ITA’s notice states that in 2013, consumers spent nearly US$9 billion on healthcare in the Philippines. In 2014, this figure is likely to witness a 10% increase. The notice issued by the ITA also mentions that approximately 64% of the entire workforce in Philippines is employed, and many of these employed persons depend on health insurance for their families and themselves. While the market may not be as large as other Asian economies, the ITA opines that the Philippines healthcare and medical devices market still holds strong potential for U.S. firms because it is entirely dependent n imported products, especially from the United States.

American Public Sector Needs to Brace for ‘Silver Tsunami’ in Next Five Years

According to a latest survey conducted by the International Public Management Association for Human Resources (IPMA-HR), nearly 40% human resource professionals in the public sector expect that their organizations will lose about 20% of their employees to retirement over the next five years. Despite this anticipated drop in employee numbers, only a little over 25% respondents of the survey said that their organizations had a succession plan to tackle this manpower shortage. The results of this survey reiterate that the effects of an impending silver tsunami could be graver than expected.

This year, the study focused on veterans, succession planning, military recruitment and national guard. Another important focus area of the survey was that of recruiting and retaining millennial talent.

According to the executive director of IPMA-HR, Neil Reichenberg, putting an effective succession plan in place is an issue that will need to be addressed by the government workforce. Given that this process is anything but overnight, government agencies must start early. Data on how a shortfall in staffing can affect the bottom line of government organizations will likely help them take preventative measures.

The study also reveals that the over 60% respondents from government organizations opined that the silent generation (56 to 64 years) and older boomers (65 to 73 years) were highly unlikely to opt for voluntary retirement, as compared to their cohorts from other generations.

Human resources professionals in the public sector are bracing for this change by gradually initiating campaigns for military and millennial recruitment. These two large demographics have not yet been tapped to their full potential by the public sector.

Sanctions will not Affect Russian Military Spending in 2015

A leading Russian newspaper has reported that despite various sanctions on Russia, in view of the Ukraine crisis, the country’s spending on defense will continue to grow as planned in 2015. The current economic problems that currently face the country will reportedly not affect its military spending, the newspaper reported this week. In its report, Vedomosti cited figures from the draft of the 2015-17 federal budget.

The draft indicates that in the upcoming federal budget, defense allocations will see an increase of 21.2%. With this, the total spending on military in Russia will soar to nearly US$79 billion (3.032 trillion rubles).

What this means is that defense industry in Russia will witness real growth in terms of expenditure on military equipment and other expenses. The draft also states that inflation in 2015 will stand at 6%. However, according to the newspaper’s report, the real defense expenditure growth rate in Russia will be close to negligible considering the inflation rate. In 2016, the growth will be 7.8%, which would mean US$84 billion. In 2017, growth will be 4%, touching approximately US$87 billion, according to the newspaper’s report.

Earlier in September, the Russian defense industry was slapped with new sanctions from the Western countries. The European Union has banned three leading defense players from Russia from raising finance via the capital markets in Europe. These companies are: United Aircraft Corporation, Oboronprom, and Uralvagonzavod. These fresh restrictions from the European Union also bar the sale of equipment based on dual-technology platform to Russian companies.

Ireland Launches Center for Promoting Pharmaceutical Manufacturing Technology

Damien English, Ireland’s Minister for Skills, Research, and Innovation, recently launched a new facility devoted to the development of pharma manufacturing technology. The Pharmaceutical Manufacturing Technology Center or PMTC, has been set up with an investment of over 5 million euros that will be spread over the next five years. Ireland’s department of Jobs, Enterprise and Innovation has invested heavily in this center with a view to delivering technological breakthroughs that are focused on the pharmaceuticals manufacturing sector. It will also address other contemporary issues that currently pose a challenge to the pharmaceuticals sector in Ireland.

The PMTC is among the 15 Technology Centers that have been established under the aegis of the Irish government. These centers have been set up in collaboration with the IDA Ireland and Enterprise Ireland.

The headquarters of the center will be located at the University of Limerick, and will see nearly 24 industry partners joining hands to bring about more innovations in the Irish pharma sector. The center will also benefit from the research and development activities of nine higher education institutes from the country.

A need for such a center was felt because Ireland wants to make a mark in the global pharmaceutical market and emerge as a global hub for pharma manufacturing. The pharmaceutical industry in Ireland offers employment to nearly 25,000 people.

The pharmaceutical industry here is facing two key challenges: patent expiry and cost competitiveness. As an industry that contributes nearly 40 billion euros to the overall Irish export revenues, pharma players hope to find innovative ways to overcome these challenges.

Public Sector Employees’ Absenteeism to Be Tracked Using Software in Nova Scotia

Canadian province Nova Scotia is implementing a special campaign to track the rate of absenteeism among employees in the public sector. With this program, the government hopes to save money and gain insights into missed work hours.

According to Laura Lee, Public Service Commissioner, the province has to suffer losses of up to US$26 million because of absenteeism of employees in the public sector. Lee quoted this figure while filing a statement with the public accounts committee of the legislature. According to estimates, employees from the public sector miss 12.65 days on an average, annually. Similarly,

These figures do not take into account a majority of public sector employees in the education (school boards) and healthcare sector (district health authorities).

Consider this: the regional school board in Halifax spent nearly US$13.2 million for engaging substitute teachers in academic year 2013-14. Similarly, absenteeism at Capital Health translated into costs of a whopping US$21.65 million.

As part of this program to check absenteeism, the authorities will make use of pattern-tracking software. This will make it possible to monitor the absenteeism of employees and also track trends, ultimately allowing the identification of specific challenges that people have to deal with at work, or outside of it.

According to the rule book, employees in the public sector are entitled to 18 days of sick leave in a year. However, according to authorities, 12.65 days of missed work on account of sickness is high. These views are shared by MLA Tim Houston, who thinks that the issue of absenteeism should be just as relevant in the public sector as it is in the private public.

By 2020, Developing Economies to Account for One of Every Four Smartphones: GSMA

GSMA, the global body of mobile operators, projects that by 2020, two out of three mobile connections worldwide will be via a smartphone. The GSMA’s research wing, which conducted this study, forecasts that smartphone connections worldwide will see a three-fold growth until 2020. The study is titled ‘Smartphone forecasts and assumptions, 2007-2020’.

The three market leaders – China, United States, and Brazil – are trailed by India. The study puts the number of smartphone connections in India (as of June 2014) at 111 million. The study also observes that in the next six years, nearly four out of five smartphone-based mobile connections will belong to the developing world.

It was in 2011 that the developed world was overtaken by developing nations, as far as smartphones go. In 2014, this emergent market has assumed a greater share of the smartphone connections worldwide. The developing economies now account for two out of every three smartphones globally.

The report also brings into focus the increasingly dominant role played by Asia Pacific in the smartphones market. According to the estimates of this report, the nearly 50% of all smartphone connections worldwide can be traced back to Asia Pacific. This is despite the fact that the penetration of smartphones in this region is lower than 40%.

According to GSMA’s chief strategy officer Hyunmi Yang, a global wave of innovation has been sparked by the advent and increasing popularity of smartphones. The report ascribes this proliferation of smartphones to several factors, such as: the price erosion of smartphones’ average selling price (ASP), bundled smartphone offerings from operators, and demand for smartphones in the low-end category. 

Hospital Acquired Disease Testing Market Expected to Reach USD 7.5 Billion in 2019: TMR

According to a new market report published by Transparency Market Research “Hospital Acquired Disease Testing Market(Pneumonia, UTI, Blood Stream, Surgical Site, MRSA Infection, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, the global hospital acquired disease testing market was valued at USD 2.2 billionin 2012 and is expected to grow at a CAGR of 19.3% from 2013 to 2019, to reach an estimated value of USD 7.5 billion in 2019.

Browse the full Hospital Acquired Disease Testing Market Report at http://www.transparencymarketresearch.com/hospital-acquired-disease-testing.html

Nosocomial infections/hospital acquired diseases/hospital associated infections (HAI)form one of the critical areas of focus in the healthcare industry. Factors such as increasing prevalence of such conditions in neonatal and geriatric population, initiatives taken up by governments to manage nosocomial infections, increasing number of diseases that increases risk of hospital associated infections, and growing concerns about control and prevention of nosocomial infections worldwide will have a positive impact on the current hospital acquired disease testing industry.

The global hospital acquired disease testing market is segmented on the basis of type of infection and geography. Based on the different types of infection,this market is classified into pneumonia, urinary tract infection, blood stream infection, surgical site associated infection, MRSA infection testing and others. 

The hospital acquired urinary tract infection diagnostics segment occupies the largest market share in this category as prevalence and morbidity rate of this condition, and the demand for diagnostic solutions for the same is the highest as compared to other hospital associated infections. It is expected that the global market for hospital associated urinary tract infection testing will reach USD 2,188.8 million in 2019 with the market growing at CAGR of 18.1%from 2013 to 2019. Furthermore, other testing solutions for conditions such as surgical site infections and pneumonia (hospital associated and ventilator associated infections) will also experience high demand in lesser developed regions of Asia-Pacific, Latin America and other developing countries where the prevalence of such conditions is higher. It is expected that the market for surgical site infections will grow at a CAGR of 20.1%during the given period of forecast.

Geographically, United States and Canada together are the leaders in the global hospital acquired disease testing market with a combined market share (of the North American region) of 41.3% in 2012. Some of the major growth drivers for the North American nosocomial infection testing market include existence of highly developed healthcare infrastructure, high rate of implementation of healthcare guidelines given by regulatory and guiding institutions such as Centers for Disease Control and Prevention (U.S.), and increasing awareness about these diseases and their prevention. 

The European Union considers infectious diseases as an increasing threat to the general public health; the public health system in this region is increasingly engaging itself in conducting dialogue between healthcare providers and medical practitioners for developing better, faster and cost effective methods for nosocomial infection management and prevention. Asian countries including China, Philippines and India are the most potential markets for such diagnostic and testing solutions owing to existence of factors such as higher population, poor hospital infrastructure, lack of adherence to sanitation procedures and thereforehigher disease prevalence growth rates. UAE and African countries are some of the lucrative markets in the Rest of the World (RoW).


Molecular diagnostics solutions play a vital role in this market as they offer precise, faster and cost effective diagnosis for various nosocomial infections. Considering the market competition, the global hospital acquired infection testing market is highly fragmented and is characterized by the existence of several large and mid-sized diagnostic solution providers. Some of the key market players contributing to this industry include Diatherix Laboratories Inc., Gen-Probe Inc., Qiagen GmbH, L Hoffman La Roche,Cepheid, Inc.,Life Technologies Corporation, Meridian Biosciences, Cantel Medical Corporation, Nordion, Inc. and others.

The global hospital acquired disease testing market is segmented as follows:

Hospital Acquired Disease Testing Market, by Infection Type
§  Pneumonia infection
§  Urinary tract infection
§  Blood stream associated infection
§  Surgical site infection
§  MRSA infection
§  Others
Hospital Acquired Disease Testing Market, by Geography
§  North America
§  Europe
§  Asia-Pacific
§  Rest of the World

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Commercial Satellite Imaging Market to Reach USD 5018.6 million by 2019: TMR

According to a new market report “Commercial Satellite Imaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” published by Transparency Market Research, the market for commercial satellite imaging globally is forecast to reach USD 5,018.6 million by 2019. The market growth is driven by increased demand for applications such as oil and gas (energy) sector management and natural resource management. Insurance, real estate and city planning and fleet management are emerging as potential commercial applications for satellite imagery market.

Browse the full Commercial Satellite Imaging Market Report at http://www.transparencymarketresearch.com/commercial-satellite-imaging-market.html

Globally, this market was valued at USD 2,054.5 million in 2012 and is forecast to grow at 13.9% CAGR from 2013 – 2019. The data collected by satellites images has commercial value across industries, including commercial enterprises, civil engineering, military, forestry & agriculture, energy sectors and insurance, among others. Global commercial satellite imaging market in 2012 was dominated by the military segment, which accounted for 29.2% revenue share. It is due to quick adoption of this technology by major countries particularly in the defense sector, where high resolution satellite imagery is being implemented to develop their security programs and bolster vigilance systems.

This technology is mainly used in the energy sector, geospatial technology, natural resources management, construction & development, media & entertainment disaster response management, defense & intelligence and conservation & research among others. Geospatial technology, energy and natural resource management are emerging as promising applications for satellite imaging industry. These three segments together accounted for approximately 41.8% of market revenue share in 2012. 

Governments purchase commercial satellite imagery in order to support national security reconnaissance activities, climate change research, weather prediction, and land management activities. Growth of the commercial satellite imagery is driven by increasing demand from defense sector, predominantly by countries with large imagery intelligence (IMINT) requirements. Currently, due to rising terrorism concerns, defense and intelligence departments all over the world are seeking ways to support their security initiatives using satellite imagery.

Geographically, North America is expected to remain largest market for commercial satellite imagery followed by Europe. North America and Europe collective had revenue share of 70.7% in 2012. Commercial satellite imagery market in North America has been world-leading, and is expected to dominate the global market during the forecast period in spite of reduction in government funding. Europe is showing slower growth due to lower economic activity and turbulent budgetary situation, due to which large finance activities have been withheld or suspended for short term.

Market participants include renowned companies such as Digital Globe Inc., GeoEye Inc., Astrium Geo, who are currently dominating the market space. GeoEye and DigitalGlobe represented approximately 65.1% of commercial satellite imagery market in 2012. New participants are expected to face stiff competition from existing players, and will have to focus on service differentiation and quality, so as to sustain growth in the long run. Other players in the market include ImageSat International N.V., BlackBridge (RapidEye) and Skybox Imaging, Inc. among others.

This report analyzes the global commercial satellite imaging market in terms of revenue (USD million). The market has been segmented as follows:

Commercial Satellite Imaging Market, by Industry Vertical:
·         Government
·         Commercial enterprises
·         Civil engineering industry
·         Military
·         Forestry and agriculture
·         Energy sectors
·         Insurance

Commercial Satellite Imaging Market, by Application:
·         Energy
·         Geospatial technology
·         Natural resources management
·         Construction and development
·         Disaster response management
·         Defense and intelligence
·         Conservation & research
·         Media and entertainment

Commercial Satellite Imaging Market, By Geography:
·         North America
·         Europe
·         Asia-Pacific
·         Rest of the World (RoW)


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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Global Long-Term Evolution (LTE) Market is Expected to Reach USD 610.71 Billion in 2019: TMR

According to a new market report published by Transparency Market Research “Global LTE (LTE-FDD, TD-LTE and LTE Advanced) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the global LTE market is expected to reach a value of USD 610.71 billion by 2019, growing at a CAGR of 78.6% from 2013 to 2019. 

Increased need for higher data rates and greater spectral efficiency driven by increased data usage, rapid deployments of smart devices and need for high quality of services on move are some important reasons driving the growth of LTE market globally. This trend is further enhanced by increased adoption of public safety LTE and planned large-scale adoption of LTE by operators in Asia Pacific.

Browse the full Long-Term Evolution (LTE) Market Report at http://www.transparencymarketresearch.com/lte-market.html

North America was the largest market in terms of revenue generation in 2012 and accounted for 51.3% share of the total LTE market. Asia Pacific is expected grow at a CAGR of 88.7% during the forecast period and register a market size of USD 244.29 billion by 2019. Growth of LTE services in Asia Pacific is mainly spurred by rising LTE infrastructure in China and India.

Worldwide LTE infrastructure market is expected to grow at a CAGR of 61.6% during the forecast period. Increased spending by network operators for LTE infrastructure fuelled by increased demand for high-speed and spectrally efficient wireless networks is driving the LTE infrastructure market, globally. LTE-FDD (Long Term Evolution Frequency Division Duplex) held 56.8% share in 2012. With planned launch of LTE Advanced by several operators during the forecast period, the market for LTE Advanced is expected to grow at a CAGR of 175.0% from 2013 to 2019.

The Voice over LTE (VoLTE) market is expected to grow at a CAGR of 123.5% during the forecast period. Growth in VoLTE is fuelled by increased demand for voice and messaging services over LTE networks and operators realizing that standalone data networks are not sufficient in meeting customer expectations.

In terms of geography, North America represented the largest market for LTE and was valued at USD 5.36 billion in 2012. The growing adoption of LTE in North America was mainly spurred by the decreasing prices of LTE in comparison to 3G network. However, Asia Pacific is expected to surpass North America by 2015, owing to growing demand for high-speed wireless data and increased spending on infrastructure by operators in this region, especially, China, India, South Korea and Japan.

Among network operators (carriers), Verizon Wireless led the LTE market with a market share of 58.1% in 2012 followed by NTT DoCoMo. Other important network operators include AT&T Mobility, China Mobile, Sprint Corp, T-Mobile, Vodafone and SK Telecom. Among LTE network infrastructure vendors, Ericsson lead the LTE market with a market share of 30.0% in 2012 followed by Huawei.

The global LTE market is segmented as below:
LTE Market Segmentation
By technology
§  LTE-FDD
§  TD-LTE
§  LTE Advanced
By component
§  Infrastructure
§  Chipsets
§  Terminal equipments (Module, Phone, Router, Tablet and USB Modem)
§  Network service providers
§  LTE testing equipments
By service and application
§  Mobile cloud services
§  M2M and Connected Devices
§  P2P messaging
§  Browsing
§  Public Safety LTE
§  Games
§  TV/Video-on-Demand
§  Music
§  M-commerce
§  VoLTE
By geography
§  North America
§  Europe
§  Asia Pacific
§  Rest of the World (RoW)

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Refrigerated Display Cases Market to Reach USD 16,283.4 Million by 2019, Globally: TMR

According to a new market report “Refrigerated Display Cases (Plug-in and Remote) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” published by Transparency Market Research, the market for refrigerated display cases (RDCs) globally is forecast to reach USD 16,283.4 million by 2019. The market growth is driven by increased demand for replacement and new equipments from retail sector across the globe. Use of RDCs as merchandisers and storage alternatives is seen as an emerging trend and is expected to drive the market growth in near future.

Browse the full Refrigerated Display Cases Market Report at http://www.transparencymarketresearch.com/refrigerated-display-cabinets.html

The global RDCs market was valued at USD 8,780.3 million in 2012 and is expected to almost double in next six years. Proliferation of retail network and rise in consumer spending on convenience products, coupled with development of improved and technologically advanced refrigeration systems, is influencing the way refrigerated display cases are being adopted across the ‘food and beverage’ and retail industry. Biomedical sector too is seeing increased usage of sophisticated display cases with critical temperature control features.

The global RDCs market growth is forecast to be driven by demand for plug-in or self-contained systems as compared to remote systems. Features such as capital cost saving, freedom to move them as per store layout, reduced time to install, and low turn-around time for new stores, are helping in large scale adoption of plug-ins against remote RDCs, which are preferred by large size stores or those with limited floor space. On the basis of product design, ‘vertical – front open’ RDCs are estimated to dominate the market throughout the forecast period 2013 – 2019, accounting for 67.8% of global RDCs market growth. Horizontal or island RDCs and other types (semi-vertical/hybrid) are forecast to record comparatively slow growth. The demand for vertical RDCs is primarily driven by benefits such as low floor-space requirement and more display space (per unit area of floor space).

Across different geographical regions, Asia-Pacific is expected to see fastest growth and grow with a CAGR of 11.3% during forecast period. The retail sector and hotel industry in the region is seeing many expansion projects coming up and is thus driving the demand for new equipments. Economic growth and rise in consumer disposable income in the region is further supporting market growth in the region by pushing up the demand for convenience products (frozen food and beverage items).

The global RDCs market is currently concentrated with both global and regional players competing intensely. Faced with operational challenges such as high investment and dropping profit margins, players in developed markets of North America and Europe are pushing to expand to low cost manufacturing hubs in emerging markets of Asia-Pacific and Africa/Latin America. Asia-Pacific and Africa/Latin America regions are also seen as high potential target market for growth during the forecast period. 

Proximity to target market is also helping in minimizing the turnaround time and logistic cost, thus giving price advantage for manufacturers. Companies such as Frigoglass, Hoshizaki International, Dover Corporation, Manitowoc Company, Inc., and United Technologies Corporation are among leading players, who command competitive market revenue shares. Mergers and acquisitions, strengthening of distribution network, and alliance with retail giants are some of the strategies followed by players to mitigate the competition in the market.

Get Sample copy of Refrigerated Display Cases Market http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1576

 The market has been segmented as follows:
Refrigerated Display Cases Market, By Product Type (refrigeration system):
·         Plug-in (self-contained)
·         Remote

Refrigerated Display Cases Market, By Product Design:
·         Vertical – front open
·         Horizontal – top open (island)
·         Others (Hybrid/semi-vertical)

Refrigerated Display Cases Market, By Geography:
·         North America
·         Europe
·         Asia Pacific
·         Rest of World (RoW)



About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

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