Overview of the penile implants market
Technavio’s market research analysts have predicted the global penile implants market to grow slowly at a CAGR of more than 1% during the forecast period. The increasing incidence of prostate cancer worldwide is one of the key factors driving the growth of this market. The treatment for prostate cancer often requires the removal of the prostate gland which can result in impaired sexual function in at least half of the men who undergo this treatment. Although prostate cancer does not directly cause erectile dysfunction (ED), however, the treatment methods such as surgery with radical prostatectomy, hormone therapy, and radiation therapy can lead to ED. As penile implants help men with ED, the increase in the number of prostate cancer cases will spur the growth prospects of this market in the coming years.
In this industry research report, the analysts have estimated factors such as the emergence of disruptive alternative ED treatment technologies to aid in the growth of this market during the predicted period. Several new technologies are being developed to treat ED including external penile support devices, low-intensity extracorporeal shockwave, penile vibrators, nanotechnology, tissue engineering, and endovascular technology. These technologies are expected to revolutionize the treatment method for ED. Moreover, most research-based studies have shown positive results with this therapy like improved endothelium, muscle, and nerve in the erectile tissue, thereby fueling this market’s growth until the end of 2020.
Segmentation by application and analysis of the penile implants market
- Inflatable penile implant
- Semi-rigid/malleable rod penile implant
The global penile implants market was dominated by the inflatable penile implant segment as it accounted for a market
Overview of the global western blotting market
Technavio’s market research analyst predicts that the global western blotting market will grow at a CAGR of nearly 6% during the forecast period. Western blotting, also known as protein blotting, is a technique used to identify specific amino-acid sequences in proteins. This technique is being widely used in Proteomics, which is the study of protein structure and functions. Western blotting simplifies functional analyses of proteins and is effective in understanding cell signaling molecules. It also examines the differential expression and post-translational modifications like glycosylation and phosphorylation activities. The recent increase in investments in the R&D of proteomic technologies to develop reliable and accurate solutions has led to an increase in the usage of western blotting.
In 2015, the Americas was the largest geographical segment accounting for a total market share of over 49%. With the high prevalence of HIV/AIDS, the US is expected to dominate the global western blotting market during the forecast period. Several awareness programs have been undertaken by the global organizations, providing huge funds, across regions, to deal with HIV/AIDS cases. Such initiatives will lead to the increase in medical research; thereby, leading to the growth of the western blotting market. In addition, most of the R&D centres of pharmaceutical and biotechnology companies located in this region have developed vaccinations to treat for HIV/AIDS. Furthermore, the National Institutes of Health (NIH) have allocated significant funds to the Americas to carry out research in the field of biotechnology, focusing on human health.
Competitive landscape and key vendors
The global western blotting market is characterized by the presence of
Global outlook for the spirometer market
A spirometer is a medical apparatus used to measure the volume of air inspired and expired by the lungs. The device produces a spirogram, which is a graphic record of the ventilation patterns of the lungs. They are widely used for conducting the basic lung function tests to detect respiratory disorders like asthma, bronchitis, and emphysema. Increasing awareness and early diagnosis of chronic and other respiratory disorders can help reduce the severity of such diseases and also prevent them in some cases. Moreover, healthcare facilities, organizations, and authorities worldwide have launched campaigns and programs to improve the preventive measures for COPD over the past few years. For example, in 2014, Bayern Healthcare collaborated with the Pulmonary Hypertension Association to run a campaign called Breathless Moments during the pulmonary hypertension awareness month. Such initiatives are anticipated to increase awareness among patients and will, in turn, translate into the demand for spirometers. According to the market research analysts at Technavio, the global spirometer market is envisaged to witness impressive growth and will post a CAGR of more than 8% during the forecast period.
One of the emerging trends spurring the growth prospects for this market is the introduction of compact, lightweight, and portable spirometers. This trend for smaller devices will continue over the forecast period with advances in nanotechnology and increasing miniaturization of integrated circuits and sensors. Moreover, the availability of a vast range of wireless data
Overview of the global blood coagulation analyzer market
Technavio’s market research analyst predicts that the global blood coagulation analyzer market will grow at a CAGR of more than 8% by 2020. Blood coagulation analyzers are used to estimate the composition of blood after blood tests. The coagulation analyzers available these days are fully automated with several advanced features to perform various functions such as primary tube sampling, cap piercing, automatic rerun, and dilution. They can perform sophisticated coagulation, chromogenic, and immunologic assays by using a smaller sample and reagent volume of the blood. Factors such as portability, accuracy, connectivity, timely results, and ease-of-use have increased the usage of these devices and have created ample opportunities for the vendors to come up with more effective and efficient solutions over the next four years.
An interesting trend gaining traction in the market is the growing use of anticoagulant therapy. Anticoagulant therapy is used for the treatment of clotting disorders occurring due to abnormal blood clots. It is used for treating atrial fibrillation, artificial heart valve, DVT, PE, stroke, and heart attack. Several governing bodies, including Anticoagulation Europe and Anticoagulation Self-monitoring Alliance, have taken initiatives to create awareness of the ill-effects of anticoagulant therapy. This increase in the awareness will increase the demand for coagulation testing, which in turn will propel the market in the coming years.
Segmentation by product type and analysis of the blood coagulation analyzer market
The instruments segment will continue its dominance in the market during the forecast period and is expected to account for around 59% of the total market share by 2020. The segment’s growth can be directly related to the increase
Market outlook of the global laboratory rack market
Technavio’s market research study predicts the global laboratory rack market to grow at a CAGR of around 4% by 2020. One of the primary drivers for this market is the growing number of subcontract laboratories. These labs allow companies to outsource their research and testing processes at affordable prices. In addition, there has been a massive increase of such outsourcing process especially to smaller subcontract laboratories in recent times. The growing popularity of these labs among smaller companies will increase the demand for laboratory racks and other laboratory consumables over the next four years.
This market research analysis estimates that the market will witness increased level of customization in the coming years. The end users select the type and size of the racks based on the application and the process. Manufacturers are coming up with customized rack designs to meet specific customer requirements. Customization includes the materials used, modification in design of the platform or trays, the number of slots, and the modular add-ons. The growing availability of customization services for specialized end users will boost the growth prospects for the lab racks market in the coming years.
Segmentation by product and analysis of the laboratory rack market
- Tube racks
- Bottle racks
The tube rack segment dominated the global laboratory racks market during 2015 and occupied around 59% of the overall market share. The primary reason for the growth of the tube racks segment is the massive demand coming from pharmaceutical and medical and healthcare industries because of their ability to store microtubes and vials. Factors such as the introduction of modular tube racks and growth in healthcare facilities in APAC and MEA are expected to fuel the growth of this segment over the forecast
Overview of the global quantitative and qualitative filter market
Technavio’s market research analyst predicts that the global quantitative and qualitative filter market will grow moderately at a CAGR of around 4% during the forecast period. Much of this growth can be attributed to the recent increase in R&D spending, which is expected to increase over the next five years. Also, the recent increase in the number of sub-contract laboratories will help to fuel the prospects for growth in this market during the predicted period.
A major challenge that is expected to hamper market growth is the limited scope for product innovation. The absence of any USP is also expected to act as a challenge for the market. However, eminent factors such as the advent of different varieties of filter papers and the growing demand from developing countries will help to bolster the prospects for growth in this market until the end of 2020.
Segmentation by product and analysis of the quantitative and qualitative filter market
- Quantitative filter
- Qualitative filter
In 2015, the quantitative filter segment accounted for around 68% of the total market share and is envisaged to retain its dominating hold over the market by 2020 owing to its high market growth rate. The quantitative filter segment’s high growth potential can be attributed to its large customer base and its wide application field.
End-user segmentation of the quantitative and qualitative filter market
- Food and beverage
The global quantitative and qualitative filter market was dominated by the pharmaceutical sector, which accounted for around 23% of the overall market revenue in 2015. The widespread applicability