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 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
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 ion-exchange chromatography market
Extensive research carried out by the market analysts at Technavio has shown that the global ion-exchange chromatography market will grow at a steady pace and will post a CAGR of close to 5% over the forecast period. Ion-exchange chromatography finds extensive applications in studying the properties of several proteins by observing and visualizing their separation patterns. The primary users of chromatography for protein application and study include the pharmaceutical industry for drug discovery and the biotechnology sector for genetic engineering. Moreover, crop yield can be improved significantly by studying the structure of soil and plant proteins. Protein purification, separation, and identification of proteins and other similar compounds have been achieved using the chromatography technique for well over a century now. Other emerging applications of ion-exchange chromatography include antibody purification, food production, disease diagnostics, analysis of wine fermentation, and histidine-tagged recombinant protein purification, and on-column refolding.
In terms of geography, the Americas led the global ion-exchange chromatography market and accounted for close to 36% of the market shares during 2015. The presence of a large number of research facilities, testing laboratories, sub-contract laboratories, and pharmaceutical companies in this region are one of the primary factors driving this market’s growth. Also, the Americas is home to several major vendors in this market, such as Thermo Fisher Scientific, GE Life Sciences, and Agilent Technologies, which will contribute to this market’s growth in the
Overview of the microscopy market in Europe
Technavio’s market research analyst predicts that the microscopy market in Europe will grow steadily at a CAGR of more than 6% during the forecast period. Nanotechnology research has witnessed immense growth in Europe over the years. It is the study of particles that are between one to 100 nanometers in size and cannot be studied using optical microscopes. As a result, vendors have introduced advanced microscopes such as scanning probe microscopes and electron microscopes like SEM and TEM that cater to the demand of studying nanoscale objects. The need for better imaging of nanoparticles has created the demand for atomic force microscope products, resulting in investments by government and technology firms in the development of nanotechnology. Through the NNI program, the US has invested more than USD 22 billion in the nanotechnology research program. Similarly, other countries like Japan, China, the UK, and Canada, have also invested significantly in nanotechnology, which will, in turn, drive this market’s growth in the coming years.
One of the main trends spurring the growth prospects for this market in Europe is the miniaturization of electronic devices by vendors using microelectromechanical systems (MEMSs) and nanoelectromechanical systems (NEMSs) that consume less power. Due to the emergence of miniaturized personal electronic products, semiconductor industries are attempting to incorporate different features, reduce the size of semiconductor wafers, and lower IC power consumption. Furthermore, some companies are using NEMS technology to manufacture paper