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Cataract Surgery Devices Market Manufacturing Cost Structure Analysis – 2017-2023

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Summary: “Cataract Surgery Devices Market” by Product [Intraocular Lens (IOL), Ophthalmic Viscoelastic Devices (OVD), and Phacoemulsification Equipment], by Type [Equipment and Consumables]

Cataract is a condition in which clouding of the lens occurs. Cataract surgery devices are instruments and consumables, such as intraocular lens (IOLs), salt solutions, forceps, syringe, liquids for scrubbing, and various hand pieces, which aid in a cataract surgery. These surgery devices help enter vitreous cavity and separating the natural lens from the cavity.

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Increase in incidences of diseases such as diabetes, obesity, and hypertension. In addition, the growth in geriatric population also boosts the growth of the market as geriatric population is more prone to cataract ailments. However, dearth of skilled professionals restrain the growth of the market. Moreover, government and non-profit organizations introduce programs to reduce the burden of cataract-related diseases globally, which create lucrative opportunities for key market players.

The consumables segment generated the highest revenue in 2016 accounting for two-thirds share of the global market, and is anticipated to dominate the market throughout the forecast period. This is attributed to the increase in demand for cataract surgeries, which in turn boost the growth of the consumables segment.

The ophthalmology clinics segment accounted for the three-eighths share of the global market in 2016, and is expected to register the highest CAGR of 4.7% during the forecast period. This is attributed to the increase in awareness among individual due to the various camps and activities conducted by ophthalmology clinics. In addition, ophthalmology clinics also has a vast range of cataract surgical equipment, which are mostly scarce in hospital settings.

Key Findings of the Cataract Surgery Devices Market:

  • The phacoemulsification systems segment accounted for one-third share of the total market in 2016 and is expected to grow with a high CAGR of 4.4% during the forecast period.
  • The equipment segment is the fastest growing type of cataract surgery devices of global market in 2016, and is expected to grow at a CAGR of 4.6% during the forecast period.
  • The U.S. dominated the North America cataract surgery devices market, accounting for the maximum share of the global market in 2016.
  • Asia-Pacific is exhibited to grow at a significant CAGR of 5.9% during the forecast period.
  • China was the fastest growing country in the Asia-Pacific cataract surgery devices market in 2016, registering a CAGR of 9.3%, and is anticipated to continue this trend during the forecast period.
  • The hospitals segment contributed to the highest market share in 2016, registering a CAGR of 4.0% from 2017to 2023.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Food Thickeners Market Expected to Reach $15,150 Million by 2023

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According to a new report published by Allied Market Research, titled, Food Thickeners Market by Type, Source, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global food thickeners market was valued at $10,520 million in 2016, and is estimated to reach $15,150 million by 2023, registering a CAGR of 5.2% from 2017 to 2023. In 2016, the starch segment accounted for more than two-thirds share of the global market.

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Food thickeners are used in the food industry to enhance several basic properties of food products such as viscosity, texture, stability, taste, and flavor. Moreover, these substances enhance the appearance of foodstuffs and can replace high fat oils and creams in numerous recipes. These are used in a wide range of application to improve texture, food structure, mouth feel, and shelf-life.

Rise in demand for convenience & processed food and consumer inclination towards dietary meals favor the market growth. Further, rise in health consciousness among individuals is expected to deliver a substantial growth opportunity to the global industry players. However, variation in prices and surging R&D costs associated with the production of food thickeners may impede the market growth.

In 2016, starch was the leading thickener type segment, as it is the most common food thickener used for soup, sauces, stew, and gravies. It is the most common carbohydrate in human diet and is present in large amount in staple foods such as wheat, potatoes, rice, maize, and cassava. Starch when dissolved in warm water forms a wheat-paste that can be used as a thickening, stiffening, or gluing agent.

In 2016, dairy & frozen desserts segment was the leading segment, and it is anticipated to continue to lead during the forecast period. In frozen food, thickeners produce light foam and add texture to dishes. Functional proteins, starch, and hydrocolloid help to achieve right consistency in drinks & desserts and improve the products shelf life. In 2016, plant-based sources of food thickeners was the leading segment as these thickeners are commercially important and employed in a wide range of applications.

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Rapeseed Oil Market Expected to Reach $36,560 Million by 2023

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Copra, cottonseed, palm kernel, peanut, soybean, sunflower seed, and rapeseed are major oil seeds used for extraction of vegetable oil. Rapeseed has higher oil content than other oil seeds, and is thus cultivated for the extraction of vegetable oil for household and industrial purposes, and feedstock for bio-fuel production. Rapeseed contains 40% oil, and is usually extracted in by pre-pressing or by solvent extraction.

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The presence of vitamin E and antioxidants in rapeseed oil reduces scar tissues and repairs damaged hair and skin conditions such as itching, eczema, and acnes, thus finding application in manufacturing of wide varieties of cosmetic and personal care products. Omega 3 and omega 6 fatty acids present in the rapeseed oil help in proper development, functioning and maintenance of brain and other nervous tissues; for vision processes; for the improvement of immune and inflammatory responses; aid in lowering the risk factors for heart disease and to maintain normal blood pressure.

Europe accounts for more the three-fifths share of the rapeseed oil produced to manufacture bio-diesel. Thus, increase in consumption of rapeseed oil as a feedstock for bio-fuel is expected to drive the market growth. The nutritional and health benefits associated with rapeseed oil have led to its evolution in the U.S., China, and India. However, high prices of rapeseed oil in these countries makes it uncompetitive for biodiesel production. Moreover, uncertainty in climatic conditions resulting in fluctuation of rapeseed prices, lower domestic production, and increase in compaction from other oil seeds, such as soybean and palm kernel, for producing vegetable oil may restraint the market growth.

In 2016, the food processing segment generated the highest revenue, registering a CAGR of 5.4% from 2017 to 2023. Omega 3 and omega 6 fatty acids present in the rapeseed oil helps in proper development, functioning and maintenance of brain and other nervous tissues, aids in lowering the risk factors for heart disease and to maintain normal blood pressure. Increasing cases of chronic diseases and rise in health consciousness is expected to supplement the market growth.

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Digital Map Market Expected to Expand at a CAGR of 12.5% between (2017-2023)

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According to a new report by Allied Market Research, titled, Digital Map Market by Usage, by functionality: Global Opportunity and Forecast, 2017-2023, the digital map market is projected to grow at a CAGR of 12.7% from 2017 to 2023. This is attributed to increase in the use of geospatial information and rise in use of smartphones.

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The global digital map market is segmented on the basis of usage, functionality, and region. Usage covered in this study include indoor and outdoor applications. By indoor applications, the market is classified into airports, malls, and departmental stores. By outdoor applications, the market is divided into automotive navigation, mobile & the internet, public sector agencies, and enterprises. Based on the functionality, the market categorized into computerized, scientific, and GPS navigation.

Increase in the use of geospatial information, growth in use of smartphones, and advancements in technology drive the growth of the global digital map market. However, availability of free crowdsourcing digital maps and legal challenges restrict the growth of the market.

The outdoor segment dominated the market in 2016. Digital map companies across the globe have focused on calculation, accurate & reliable navigation, ease of convenience by transfer information and valuable insights to the user. In addition, easy & efficient operations, cost reduction, better connection with the communities, transparent nature, gain in competitive edge, improved decision making are fueling the growth of digital maps in outdoor use. Real-time mapping of the physical world represents lucrative opportunity for the market.

Usage wise the indoor segment is expected to grow at CAGR of around 15% followed by outdoor segment.

The global digital map market is characterized by the presence of international market players. These companies tend to expand their market presence by adopting strategies, such as product development. Some of the key players operating in the digital map include Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV, MiTAC International Corporation, ARC Aerial Imaging Limited, Esri, Nearmap Ltd., and MAPQUEST.

Key Findings of the Digital Map Market:

  • The usage segment is expected to grow at the highest CAGR during the forecast period.
  • The GPS type segment dominated the market in 2016.
  • North America was the highest contributor in the overall digital map market size in 2016; however, in terms of growth, the market in Asia-Pacific is estimated to grow at the highest rate.

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Digital Asset Management Market Type and Applications Forecasted by 2023

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Summary: “The global digital asset management market was valued at $1,928 million in 2016, and is projected to reach at $5,287 million by 2023, growing at a CAGR of 13.7% from 2017 to 2023”

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Digital Asset Management

Increased need for collaborative digital workflow especially for marketing applications has encouraged end-user industries to invest on enhanced digital asset management solutions and services. Furthermore, rise in need to meet the regulatory compliance and efficient data integration are estimated to fuel the market growth during the forecast period. However, high initial cost associated with the deployment of digital asset management solutions and lack of skilled professionals are some of the factors that are expected to hamper the market growth.

The service segment is projected to grow at the CAGR of around 18% during the forecast period. Increase in demand for enhanced content management solutions and rise in competition among end-user organizations globally are anticipated to boost the segment growth during the forecast period.

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The IT segment dominated the market in 2016, whereas the marketing segment is projected to witness the highest CAGR of 15% during the forecast period. This is attributed to growth in adoption of real-time digital asset management solutions among marketing departments of end-user industries to assist sales department with up-to-date content.

Region wise, North America dominated the market, in terms of expenditure on digital asset management solutions and services, owing to high penetration of digital technologies among end-user industries. Moreover, the market in Asia-Pacific is projected to grow at the highest CAGR of around 16%, owing to increase in awareness among end-user industries about benefits of adoption of digital asset management solutions.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Research Report Explores the Video Analytics Market

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Summary: “The global video analytics market was valued at $2,745 million in 2016, and is projected to reach at $13,381 million by 2023, growing at a CAGR of 25.7% from 2017 to 2023.

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The video analytics market provides solutions that are implemented across public places such as a stadium, local markets, and at the time of events such as music concerts, sports tournaments, and business campaigns for better management of crowd, traffic & parking management, facial recognition, and object detection.

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The traffic & parking management and others, including motion detection, object recognition, and camera tampering detection, segments are expected to be the major revenue contributors to the global video analytics market, due to increase in investment in building smart cities and need for surveillance in transportation industry to increase public safety & security. Moreover, the retail segment has witnessed high adoption of video analytics across various regions, owing to the associated benefits of advanced business insights related to customer engagement.

Surge in ICT expenditure and increase in cloud adoption across several industry verticals, including transportation, BFSI, retail, government, manufacturing, energy & utilities, critical infrastructures, and others, are anticipated to augment the penetration. The prominent markets, such as Asia-Pacific and Europe, with developed cloud infrastructure, high adoption of Internet of Things (IoT) technology, and surge in demand for IP-based security systems are anticipated to fuel the video analytics market growth in the near future.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Wireless Audio Devices Market to Reach $38,807.5 Million, Globally, by 2022

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Summary: “Wireless Audio Devices Market” includes Market Size, Share, Trends, Growth, Demand, Supply, Application, production, capacity utilization, supply, Analysis and Forecast

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Global Wireless Audio Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $38,807.5 million by 2022, registering a CAGR of 24.4% during the period 2016-2022. Wireless speaker systems segment is expected to dominate the market throughout 2014 – 2022. North America is expected to be the leading region in the market during the forecast period.

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Wireless audio devices have emerged as an ideal alternative to traditional wired audio devices, owing to their portability, convenience, cost-effectiveness, efficiency, and flexibility. Increasing penetration of infotainment devices, such as mobile phones, laptops, tablets, automobile infotainment devices, coupled with increasing demand for mobility services drive the market growth. In addition, the adoption of wireless audio devices has increased in the commercial sectors including, tourism, education, and media & entertainment among others.

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In 2015, wireless speaker systems segment accounted for the maximum revenue share in the overall wireless audio devices market due to compatibility of wireless speakers with computer and infotainment devices such as mobile phones, tablets, and laptops. The latest features integrated in wireless speakers including high definition sound, Dolby Digital sound, 3D surround sound, and others boost the market growth for wireless speakers. In addition, the sound bar segment is presently the fastest growing segment, and is projected to grow at a CAGR 28.2% during the forecast period due to its compatibility with LED TVs, mobile devices, and emerging growth of consumer electronics market.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.