Automotive Air Suspension System Market Trends, Size, Development and Demand Forecast to 2022

The global automotive air suspension system market was valued at $4,963.6 million in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 – 2022. Increasing demand for luxury and comfort, and growing demand for premium cars and luxury buses are expected to drive the automotive air suspension market over the forecast period. Moreover, stringent emission control norms and fuel efficiency regulations in different countries is enforcing stringent targets to OEMs. This in turn, has increased the demand for lightweight air suspension system in the automotive industry. For instance, Kenworth Truck Company, a U.S. based manufacturer of medium and heavy-duty Class 8 trucks, introduced air ride suspension system in its vehicles to reduce the weight of suspension system by 400 pounds. ECOmove, an Australian company, developed patented ‘Qbeaks’ suspension composed entirely made of composite materials.

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The increasing industrialization has enhanced the overall purchasing power of consumers. According to the National Bureau of Statistics of China, the annual per capita disposable income of urban households in China increased from $2,818.6 in 2010 to $4,692.9 in 2014. The per capita GDP of India increased from $1,432.3 in 2010 to $1,500.8 in 2012, and is expected to reach $1,869.3 by 2018. The overall annual disposable income in India increased from $1,366.2 billion in 2010 to $1,587.6 billion in 2013. Owing to such increase in the overall income of consumers, the per capita vehicle ownership has increased, especially in the developing Asia-Pacific countries, such as India and China. This is further driving the demand for premium cars, which in turn is supporting the growth of the automotive air suspension system market in the region. In 2012, sale of premium cars in China reached 1.25 million vehicles and is expected to reach 3 million by 2020. China’s premium car market is expected to grow at an annual rate of 12% through 2020 and is expected to surpass the U.S. as the largest premium car market.

In 2015, Europe accounted for the largest market of automotive air suspension systems; whereas the market during the forecast period is expected to witness fastest growth in Asia-Pacific. The major reason for the growth of the market in the region is increasing disposable income of people and growing demand for fuel efficient vehicles. North America was the second largest market for automotive air suspension system in 2015 owing to its increasing customer base and high disposable income of people in the region. This has resulted in increased manufacturing activities by local automotive OEMs in the region, and supporting the growth of the automotive air suspension system market.

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Some of the major players operating in the global automotive air suspension system market include Thyssenkrupp AG, Hendrickson International Corporation, Continental AG, WABCO Holdings Inc., Hitachi Ltd., BWI Group, Firestone Industrial Products, Mando Corporation, Accuair Suspension, and Dunlop Systems and Components.

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Point-of-Care Ultrasound Device Market Analysis, Size, Development and Forecast to 2025

The global point of care (PoCUS) device market is expected to grow at a CAGR of 6.9% during 2015 – 2025. The growth of the global market is largely driven by increasing awareness about the benefits of portable ultrasound devices in point-of-care. Several beneficial features such as size, weight, performance and battery life of portable ultrasound devices are increasing their popularity among healthcare providers. Healthcare providers and patients are getting aware about these benefits of portable ultrasound devices in point-of-care. This has created huge traction in the diagnostic imaging industry for developing portable ultrasound devices for point-of-care. Different companies are investing huge capital for miniaturization of ultrasound devices for their efficient use in point-of-care. Some of the other factors driving the growth of the global market include prevalence of chronic diseases, and technological advancements. Increasing penetration of PoCUS device manufacturers in emerging economies is expected to create ample growth opportunities for the global market. However, lack of skilled sonographers and stringent regulatory requirements are the key barriers for the growth of the global market.

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Among the two types of PoCUS devices, the diagnostic PoCUS device segment was the larger contributor to the global PoCUS devices revenue in 2015; whereas, therapeutic PoCUS device is expected to witness the higher growth during the forecast period. Increasing adoption of therapeutic PoCUS devise for the treatment of musculoskeletal disorders is the major factor driving the growth of therapeutic PoCUS device market. Therapeutic PoCUS devices helps to relief pain and inflammation, reduce muscle spasm, speed healing and increases range of motion.

Among the different applications, the largest revenue was generated from the sale of PoCUS devices point-of-care cardiology in 2015. The non-invasive characteristics of PoCUS, high incidence of cardiac diseases, growing geriatric population and increasing demand from home care and ambulatory settings are the key driving factors for the application segment.

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Some of the players operating in the global market include Hitachi Ltd., Toshiba Medical Systems Corporation, Siemens AG, Koninklijke Philips N.V., Esaote SpA, General Electric Company, Samsung, Mindray Medical International Limited, FUJIFILM Holdings Corporation, and Analogic Corporation.

Pen Needle Market, Analysis, Size, Share, Growth and Forecast to 2020

The global pen needle market is growing significantly due to rising need for safety pen needle, increasing prevalence of diabetes and technological advancement in the industry. Pen needles are mainly used to deliver insulin or growth hormone in the body. Massive unexplored market in pen needle industry of developing economies are creating ample opportunities for the pen needle market to grow at a considerable rate during the forecasted years.

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Moreover, encouraging reimbursement policies in developed countries is also expected to support the growth of the market in the coming years. The advanced research and development facilities, and new and innovative product developments by the companies are propelling the growth of the pen needle industry. However, decreasing usage of standard pen needle still remains a challenge for the industry.

 

Some of the factors driving the growth of the global pen needle market are rise in geriatric population, increasing prevalence of diabetes, rising government funding and grants, rising initiatives to create awareness among people through campaigns and conferences. In addition, advantages of insulin pen over syringe and vials, and favorable reimbursement policies in developed countries are also fueling the growth of the global pen needle market. However, needle anxieties, limited reimbursements in emerging economies, and alternative drug delivery method are some of the factors restraining the growth of the pen needle market to some extent. Further, risk of reusing pen needle, and strict regulatory requirements are also some of the factors inhibiting the growth of the global pen needle market.

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Some of the companies operating in the global pen needle market are Becton, Dickinson and Company, Novo Nordisk A/S, Ultimed, Inc., Ypsomed Holding AG, B. Braun Melsungen, Terumo Corporation, Allison Medical, Inc., Owen Mumford, Ltd., Artsana S.P.A. and Htl-Strefa S.A.

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Single-Cell Analysis Market, Trends, Size, Share, Development and Forecast to 2022

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Single-cell analysis  refers to the study of individual cells which are isolated from tissues in multi-cellular organisms. The main purpose of using this technology is to measure and analyze cellular heterogeneity.  Single cell analysis enable to unlock the mystery in gene expression profiles between individual cells. Currently, these technqniues are commonly used in research applications such as in cancer research, immunological research, neurological research, and stem cells research to help in diagnostics. These research is being done at academic & research institutes, biotechnology and biopharmaceutical companies, and cell banks and IVF centers.

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Among the different type of single-cell analysis consumable products, the reagents segment is expected to witness the fastest growth during the forecast period. Among the different type of technique, the next-Generation Sequencing (NGS) segment is expected to witness the fastest growth during the forecast period. And among the various end users, the hospitals and diagnostic laboratories segment accounted for the largest share in the global market in 2015.

Factors such as growing geriatric population, technological advancements in single-cell analysis products, high prevalence of infectious diseases are the important drivers for this market. However, high cost of single-cell analysis products, intellectual property rights issues restrict innovations in assay kits are the key restraints in the growth of the global single cell analysis market worldwide. Integration of microfluidics in single-cell analysis and encouraging stem cell research are providing opportunities for the market players to manufacture such type of single-cell analysis instruments.

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Some of the key companies operating in the global single-cell analysis market include Thermo Fisher Scientific Inc., Beckman Coulter, Inc., Becton, Dickinson and Company, Illumina, Inc., Bio-Rad Laboratories, Inc., QIAGEN N.V., Merck KGaA, Nanostring technologies, Agilent Technologies, Fluidigm Corporation.