The global building commercial automation products & technologies marketis expected to grow at the CAGRof 9.6% for the forecasted periodof 2015-2022 and is expected toreach $93.79billion by 2022.The growth is attributed byrising demand of energy efficient &more secure buildings. Building automation includes centralized control of building’s heating, HVAC, lighting, and all other necessary systems. It helps in efficient operations of buildings, reduction in energy consumption & costs and improved life of utilities.
The global microbial product technology market is expected to grow with a CAGR of 15.1% during the forecasted period 2015-2022. The major factors contributing towards the growth in market isescalating incidences of infectious diseases in the global market. The demand for microbial product is mainly attributed from agriculture industry, as the agriculture industry has been estimated to grow with an eye popping CAGR in the forecasted period.The growth in agriculture industry is mainly driven by the increasing demand for organic products in the global market.
The global pain management drugs and devices marketwas estimated to grow around $37.8 billion in 2015 and it is forecasted to reach around $50.76 billion at a CAGR of 4.3% during 2015-2022. The major factor driving theglobal pain management drugs and devices market is rising number of chronic pain disorders in all over the world like cancer, migraine etc. along with rising geriatric population which will be boosting the growth of the pain management drugs and devices market in next decade.Usageof pain management devices is rising in all over the world due to growing technological advancements in medicalfield as well as rising medical tourism is expected to drive this market.
The global medical membrane market is anticipated to grow at a robust CAGR of 10.2% for the forecast period 2016-2022, and is expected to generate a revenue of around $ 10131 million by 2022. A membrane is usually made from organic or inorganic materials like polymers, metals, glass, ceramics etc. Medical membranes are widely used in various applications such as healthcare, pharmaceutical, biotechnology, and life science industries. Membranes offer high permeability and selectivity, thus providing additional advantage. Properties and type of the membrane to be used for a particular application depends on various factors such as external environment, chemical compatibility, device fabrication, sterilization, degree of sterility required, biocompatibility, etc.
This report on global infectious disease treatment market studies the increasing demand for infectious disease treatment due to rise in the drug resistant bacterial strain, early disease diagnosis and treatment and promising drug pipeline.
The global markets and technologies for photovoltaic systems is expected to grow at the CAGRof 21.6% for the forecasted periodof 2015-2022 and also to generate a revenue of$513650million by 2022.The growth is attributed to the rising demand of solar systems due to increased government regulations, policies and renewable targets.PV systems converts sunlight into electricity.
The market for optical system and component for cloud computing systems is expected to grow triple in terms of revenue in just next 10 years. The component market was valued at $1.0 billion in 2014 rising to $1.2 billion in 2015 and is expected to grow with a CAGR of 14.52% during the forecast period.
The global next generation cancer diagnostics market was estimated to be around $2.95 billion in 2015 and is forecasted to reach around $20.93 billion at a CAGR of 32.30% during 2015-2022. The major factors that drive this global next generation cancer diagnostics market is the rising number of chronic diseases like lung cancer, solid cancer etc. along with rising geriatric population which helps in boosting the growth of the next generation cancer diagnostics market in next 6 to 7 years.
The global medical animation market is expected to grow at the CAGR of 22.9 % during 2015-2022 and is expected to reach $311.7 million till 2022. Medical animation is an educational video developed using 3D motion graphics to demonstrate and explain the mechanism of action of a biomedical technology, medical device, biological process or pharmaceutical drug. These animations are used in the pharmaceutical and medical sector for demonstration, analysis and comparative evaluation of treatment and for educational purposes etc. The medical animation market is set to undergo a rapid growth in the upcoming decade.
The global glass-fiber reinforced plastics market is expected to grow with an impressive CAGR during 2015-2022. The major factors which are contributing towards the growth of the market are increasing demand for composites from automotive and marine industrial application in the global market.
The global ablation technologies market is anticipated to grow at a CAGR of 11.31% for the forecast period 2015-2022. Ablation is the removal of material from the surface of an object by chipping, vaporization or other erosive processes. The major factors driving the global ablation technologies market are growing prevalence of cardiovascular diseases and increasing incidences of cancer.
The global spirometer market has generated revenue of approx. $533 million in 2015 and is anticipated to generate approx. $1039 million in 2022 growing at a CAGR of approx. 10%. The drivers which grow the market are the rising aging population, growing incidences of chronic diseases, and advancement of technology in the field of respiratory care devices. Due to increase in the number of cases such as asthma and multiple sclerosis and chronic diseases like cancer and diabetes, there has been an increase in the demand of diagnostic devices globally which in turn has accelerated the market of spirometers worldwide.
The global portable medical electronic products market was around $54.2 billion in 2015 and is forecasted to reach around $68.7 billion growing at a CAGR of 4.2% during 2015-2022. The major factors that drive this global portable medical electronic products market is rising number of various diseases like cancer, diabetes, blood pressure etc. in emerging economies such as India and China which helps in boosting the growth of this portable medical electronics equipment market in next 6 to 7 years.
The global in vitro diagnostics market is expected to grow at the CAGR of 6.4% during 2015-2022. The major factors driving the market are the rising rate of gastrointestinal diseases and the growth in geriatric population. According to census.gov, approx. 47.5 million people were aged 65 and above in the U.S. and are anticipated to reach around 60 million by the end of 2022.
The global erythropoietin stimulating agents market is expected to grow at the CAGR of 0.3% during 2015-2022, and it is expected to reach $7.4 billion by 2022. An erythropoiesis stimulating agent is a medicine similar to erythropoietin which stimulates red blood cell production. ESA, structurally and biologically similar to naturally occurring protein erythropoietin. These type of agents are used in conditions where there is reduced blood production in the body which causes anemia such as HIV, cancer, chronic kidney diseases.
The global enhanced oil recovery market is expected to grow at the CAGR of 19.7% during 2015-2022, and it expected to reach $ 421 billion till 2022. Enhanced oil recovery is the technique to increase the amount of oil to be extracted from the oil field. With the increasing natural gas and crude oil demand, due to population enhancement the gap between production and demand is widening.
The global antiseptics and disinfectants market is expected to grow at the CAGR of 11.5% during 2015-2022. The major factor which is contributing towards the growth of this market is the increasing prevalence of infectious diseases. The increasing prevalence of infectious diseases and outbreaks of swine flues are significantly contributing in the growth of antiseptics and disinfectants market. The increasing number of surgeries is also impacting the growth of the global market.
The global process spectroscopy market is expected to grow at the CAGR of 5.9% during 2015-2022. This growth is attributed due to the increase in the demand of high quality products owing to rapid commercialization. Process spectroscopy is spectroscopic techniques used to measure, analyze and monitor product quality during the manufacturing process and even for the finished product. Industries such as pharmaceutical, oil and gas, polymer and food and agriculture are trying to match consumer’s perspective of high quality products by trying to implement international quality standards such as Six Sigma, ISO etc in their manufacturing process.
The global market and manufacturing technologies for protein drugs is expected to grow at the CAGR of 16% market during 2015-2022. In 2015 the protein drug market generated more than $705.5 million and is expected to generate revenue more than $1500 million by 2022. The key factors that drives the market are increasing consumption of protein drugs, increasing rate of life style diseases, increasing capital for protein drugs technology, among others.
The global market for software-defined networking (SDN) currently valued at $2.4 billion. The market is anticipated to go beyond $56.1 billion by 2022 at a compound annual growth rate (CAGR) of 88.1% during the forecast period of 2015 to 2022. It is the latest approach in the technological series of programmable network developments next to network virtualization (NV) and network function virtualization (NFV). These all approaches in networking aims to decrease the amount of time required to deploy the network and reducing the costs of networking infrastructure.