Overview of the breath analyzers market
Extensive research carried out by the analysts at Technavio has shown that the global breath analyzers market will witness exponential growth and post a tremendous CAGR of more than 25% over the forecast period. The increasing demand for breath analyzers has led to the manufacturers introducing several innovations in the product, which is expected to have a positive impact on this market’s growth in the coming years. The technology used in breath analyzers has been around for decades, whether it is infrared, semiconductor, or fuel cell sensors. The challenge to reduce the size and processing time of these devices to a minimum, without compromising on the accuracy of the sensor, was met by the evolution of integrated circuits and the miniaturization of electronics. Moreover, some of these breath analyzers can also be connected to a smartphone via microUSB or Bluetooth, allowing the users to track BAC and health conditions using an application on their smartphones. The reduction in size and introduction of nifty features in breath analyzers will lead to their augmented adoption over the next four years.
In terms of geography, the Americas led the market and is likely to account for over 47% of the revenue market shares by 2020. Factors such as stringent road safety regulations relatively stronger infrastructure of law enforcement agencies will drive the market in this region. The US was the highest revenue contributor in the region as it is home to some of the biggest companies in this market such as Lifeloc Technologies, BACtrack, Quest Products, Intoximeter, and Akers Biosciences, thereby giving consumers access to a wider range of products.
Competitive landscape and key vendors
Global market overview for DNA microarrays
According to the analysts at Technavio, the global market for DNA microarrays will experience promising growth during the estimated period and will be affected by factors like the rising popularity of personalized medicines. During the forecast period, it is estimated that the popularity of DNA microarray technology will increase significantly as it helps in the early detection of diseases and selection of accurate treatment methods, which reduces mortality rates. This technology also enables researchers to analyze critical biological complications such as genomic variations and the nature of inherited syndromes that cause cardiovascular diseases and cancers. The ability of this technology to perform gene profiling of patients, understand the risk of clinical outcomes, and study an individual's response to specific drugs, will result in this market’s impressive CAGR of over 15% by 2020.
In terms of geography, the Americas will be the largest market for DNA microarrays and will continue its market dominance until the end of 2020. Much of this market’s growth in the Americas can be attributed to the recent increase in the number of age-related chronic diseases, which will, in turn, necessitate the utilization of technologies such as DNA microarrays for testing and development of new drugs. Additionally, the recent increase in investments by biotechnology and pharmaceutical companies to develop targeted therapeutics using DNA microarray solutions will result in this region’s market dominance during the estimated period.
Competitive landscape and key vendors
The global DNA microarray market is extremely
Overview of the RFID blood refrigerator and freezer market
RFID blood refrigerators and freezers are storage equipment that is used to store, track, monitor, and control blood and blood products inventory for better operational efficiency. A surge in the number of diagnostic centers is one of the most important factors driving this market’s growth. In the recent years, diagnostic testing has gradually shifted from hospitals and diagnostic centers to the patient’s home, which increases convenience and is cost-effective. Moreover, given the percentage of total rural area population in major countries, many RFID blood storage solution providers are looking to venture into these countries to capitalize on the untapped storage solutions market. The majority of patients in the rural areas postpone diagnosis and treatment of chronic diseases due to difficulty in availing transport, lack of accessible healthcare facilities, and marginally low-income levels. The increasing number of diagnostic centers to meet the growing patient population globally has driven the need to store blood and blood products used for treating diseases and performing surgeries. RFID blood refrigerators and freezers have helped diagnostic centers in reducing physical inventory counting by tracking it automatically at the point of use, thereby decreasing the overall operational cost and increasing the profitability of diagnostic centers. According to the market research analysts at Technavio, the RFID blood refrigerators and freezer market will grow exponentially and will post a staggering CAGR of close to 22% over the estimated period.
In terms of geography, the Americas was the largest revenue contributing region in the market in 2015 and is expected to account for close to 53% of the total market shares by 2020. The
Overview of the boronate affinity chromatography market
Extensive research carried out by the analysts at Technavio has shown that the global boronate affinity chromatography market will witness steady growth and post a moderate CAGR of more than 5% over the forecast period. One of the unique characteristics of boronate affinity chromatography is that it can easily be integrated with other chromatography techniques like high-performance liquid chromatography (HPLC). The analytical column contains aminophenyl boronic acid bonded to a porous polymer support, which is usually a gel. Patient samples and reagents are allowed to pass through the analytical column during the process. Since the glycated component helps bind the boronate, the non-glycated component is allowed to pass through the column to the spectrophotometric detector. The integration of boronate affinity chromatography with other chromatography techniques results in improved accuracy and detection while increasing the flexibility of the process. This process can also be integrated with gas chromatography (GC), supercritical fluid chromatography, and thin layer chromatography, leading to its increased adoption in the biomedical sector over the next four years.
The augmented demand for boronate affinity chromatography equipment from emerging nations such as China, India, South Africa, and Brazil is one of the significant trends propelling this market’s growth during the estimated period. These countries are experiencing a high growth rate, which, in turn, is leading to an increased demand for laboratory equipment. Moreover, a rapidly growing chemical industry and increased investments from private investors will also have a positive impact on the
Overview of the cosmetic preservatives market
Technavio’s market research analysts have predicted that the global cosmetic preservatives market is anticipated to grow steadily and will post a moderate CAGR of close to 6% over the forecast period. The augmented demand for paraben-free preservatives is one of the significant factors driving this market’s growth in the coming years. Several activist groups and media has been contesting the use of parabens in cosmetics due to the potential harm these preservatives can cause in users. Parabens are a group of compounds widely used as an antifungal agent, preservative and antimicrobial in creams, ointments, lotions, underarm deodorants, and other cosmetics. According to several studies, parabens have been found to be endocrine disruptors that decrease sperm count and increase the risks of testicular cancer and male breast cancer. Therefore, cosmetic manufacturers are increasingly substituting parabens with other effective and safer preservatives like Benzyl alcohol, which is a wide spectrum preservative. It is a potential alternative to parabens due to its capability to prevent the growth of bacteria, yeasts, and mold in cosmetics. Though the cost of alternative preservatives is relatively higher than paraben, consumers are willing to spend more on paraben-free products.
The increasing consumption of cosmetics has prompted vendors in the market to invest heavily in the R&D of cosmetic preservatives. Companies are spending more on product definition, design, commercialization, and manufacturing phases. As the process of developing cosmetics is highly expensive, therefore, selecting ingredients and preservatives with fewer side-effects are imperative to minimize product
Global outlook of the biopsy devices market
Technavio’s market research analysts have predicted that the global biopsy devices market will grow steadily at a CAGR of more than 6% by 2020. The recent years have seen a worldwide increase in the prevalence of liver diseases, which is mainly due to reasons like alcohol consumption, obesity, and viral hepatitis. Imaging tests such as X-rays and CT scans are efficient in identifying areas of concern but cannot distinguish between cancerous and non-cancerous cells. Liver biopsy provides an accurate way of detecting the disease and disorder present in the liver, where a needle is inserted into the organ to remove a small piece of tissue that can be later examined under a microscope for signs of disease or damage. An increase in the number of liver diseases has led to the rise in awareness for regular diagnosis of the liver condition, which in turn, will lead to the growth in the number of liver biopsy tests.
In terms of geography, the Americas will account for more than 51% of the total share of the market and will dominate the industry throughout the forecast period. This attributes to the availability of highly developed healthcare infrastructure that provides people with easy access to advanced diagnostic tests. The US and Canada are the major contributors to the market. The awareness among people about the importance of the early diagnosis of cancer will drive the demand for biopsy instruments.
Competitive landscape and key vendors
The market is largely diversified due to the presence of several international and regional players. Leading vendors such as BD, COOK Medical, C.R. Bard, and Devicor Medical