Global outlook of the laboratory sterilizers market
According to the market research analysts at Technavio, the global laboratory sterilizers market is expected to witness rapid growth at an impressive CAGR of more than 7% over the forecast period. The rising incidences of nosocomial infections are one of the important factors driving this market’s growth in the coming years. Nosocomial or hospital-acquired infection is contracted by an individual while receiving medical treatment at a healthcare facility. In the past decade, the number of nosocomial infections has been on the rise due to improper disposal and disinfection techniques employed in hospitals and clinics around the world. This has led several healthcare and safety authorities around the world mandating the use of disinfection tools and sterilizers in healthcare facilities, and ensuring proper waste disposal procedures.
With the advancements in technology, laboratory sterilizers are becoming smarter and more flexible, allowing them to function efficiently without minimal human input. These sterilizers can also be integrated to work in tandem with other devices or instruments in the lab. Products such as the CertoClave Essential have improved connectivity and allow data logging and remote monitoring of equipment functions and results. Monitoring the function of such equipment also allows predictive maintenance and easier troubleshooting, ultimately leading to better yield and longer life of the equipment.
Segmentation by technology and analysis of the laboratory sterilizers market
- Heat sterilizers
- Low-temperature sterilizers
- Ionizing radiation
Overview of the mortuary equipment market
According to the market research analysts at Technavio, the global mortuary equipment market will grow at a CAGR of more than 5% during the forecast period. The commercialization of mortuary equipment due to the growing demand for cadavers is one of the primary drivers that is gaining momentum in the market. Legal proceedings and forensic procedures have led several manufacturers to introduce equipment and tools that are specific for storing, transporting, or carrying out autopsy of corpses. Moreover, the rising number of road accidents and work-related accidents have resulted in the need for better transportation and handling of bodies. This has compelled the manufacturers to design novel and innovative products.
The global mortuary equipment market was led by the Americas in 2015, accounting for more than 36% share of the overall revenue of the market. The Americas dominated this market due to the implementation of guidelines and regulations that highlight the importance of well-equipped mortuary facilities. These strict regulations have led to the increase in installation and use of several mortuary equipment in hospitals, research laboratories, and funeral homes.
Product segmentation and analysis of the mortuary equipment market
- Autopsy tables
- Cadaver trolleys and lifts
The mortuary refrigeration equipment segment dominated the market and is anticipated to grow at a steady CAGR of over 6% by 2020. Mortuary refrigerators include temporary storage refrigerators and body freezers, which cost much more than other products in the mortuary equipment market. Several manufacturers like Mopec have introduced mortuary refrigeration solutions that have innovative product design and lower power consumption.
Outlook of the global body composition analyzers market
Technavio’s market research analyst predicts that the global body composition analyzers market will grow at a CAGR of close to 9% during the forecast period. Body composition analyzers are readily available in the market owing to the growing popularity of the e-commerce industry. The recent increase in the number of websites selling fitness equipment and monitoring devices is a major factor that will drive this market’s growth prospects over the next four years. Furthermore, with the increasing penetration of the e-commerce sector, vendors will get numerous opportunities to expand their business and increase their potential customer base.
In terms of geography, Europe led the global body composition analyzers market during 2015 and is expected to account for over 34% of the overall revenue share by 2020. Recent technological advancements in the field of healthcare and sports are predicted to boost the growth prospects for this market in Europe. The government in this region is also taking initiatives to promote a healthier lifestyle among consumers by emphasizing on fitness. Moreover, the presence of a large number of fitness clubs, weight loss clinics, and sports rehabilitation centers will also aid in the growth of this market in Europe.
Competitive landscape and key vendors
The global body composition analyzers market has several products with numerous technologies. Additionally, the level of competition in the market is intense due to the increase in product extensions. The market in APAC and MEA has great potential for growth owing to the robust development of the healthcare sector and changing
Outlook of the global microscope accessories market
Technavio’s market research analyst predicts the global microscope accessories market to grow steadily at a CAGR of approximately 6% until 2020. Since the microscope accessories market is an integral part of the global microscope market, an increase in the global adoption of microscopes will foster the prospects for growth in the microscope accessories market during the forecast period.
The growing popularity of nanotechnology in several industries is also expected to spur market growth until the end of 2020. Due to the augmented focus on super-resolution microscopy for nanotechnology and neuroscience studies, the demand for microscope accessories is envisaged to witness a rapid surge during the estimated period. However, the limited resolution and accuracy of nanoscale microscopy devices, particularly in the field of neuroscience, is expected to act as a challenge for the market.
Instrument-based segmentation of the microscope accessories market
- Scanning probe
The global microscope accessories market is currently dominated by the electron segment, which accounted for over 35% of the total market revenue. This segment will continue its market dominance during the forecast period and will witness the fastest market growth rate during the estimated period.
End-user segmentation and analysis of the microscope accessories market
- Pharmaceutical and healthcare
- Industrial users
The pharmaceutical and healthcare segment currently dominates the global microscope accessories market and accounts for around 29% of the total market revenue. This segment will be the
Outlook of the global beginner microscope market
Technavio’s market research analyst predicts the global beginner microscope market to grow steadily at a CAGR of around 4% during the forecast period. Much of this growth can be attributed to the increasing global demand for educational and scientific equipment from various end-user segments. Factors such as the introduction of new learning aids and the growing emphasis on practical learning techniques are expected to foster the demand for beginner microscopes during the predicted period.
A major factor that will hinder the prospects for growth in this market is the low revenue generated from the replacement market, which is primarily due to the low frequency of repurchase. The gradual shift towards other forms of entertainment will also hamper market growth during the forecast period. However, factors like improvements in manufacturing and assembly methods will result in market growth as it helps to reduce the final cost of a beginner microscope.
Segmentation by product and analysis of the beginner microscope market
- Toy microscopes
- Beginner scientific microscopes
In this market study, analysts have estimated the toy microscopes segment to account for around 66% of the total market share during the forecast period. Since most consumers in the age category of 6-12 years are too young to use a beginner-level scientific microscope, the sale of toy microscopes is envisaged to witness a rapid increase until the end of 2020.
End-user segmentation of the beginner microscope market
- Home users
- Educational institutions
Technavio’s market research analysts have estimated the educational institutions segment to be the largest market segment during
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