Neurology Devices Market SWOT Analysis | Capacity and Opportunities | Forecast To 2022

Sep 30, 2019 (AB Digital via COMTEX) -- Global Neuroprosthetics Market Size, Share and Trends Analysis By Type (Cognitive Prosthetics, Cochlear Implant), Techniques (Vagus Nerve Stimulation), Application (Motor Neuron Disorders), End-User and Key Players, Forecast To 2023

The Global Neuroprosthetics Market size worth USD 10.48 billion with expanding at a CAGR of 12.4% during the forecast period of 2018 to 2023 says Market Research Future (MRFR).

Neuroprosthetics Market size expected to witness significant growth due to heightened awareness of the process, better funding, high investment capacity from individuals, enhanced technological support, better infrastructural facility, and enriched post-treatment support can ensure strong growth for the global neuroprosthetics industry.

Various private and government funding are pouring in to support research and development sector.

Europe is also gaining much from funds for R & D. The region has several developed countries like the UK, France, and Germany that are investing much to develop their top-class infrastructure.

At the same time, developing regions are revamping their healthcare sector, which can ensure strong boost for the regional neuroprosthetics market.

Honey is a prominent staple in various diets and cuisines around the world.

The multitude of benefits offered by honey have enabled its rapid penetration into different other sectors and applications easily.

Furthermore, it is also being extensively used in the cosmetic industry for its skin enhancement properties.

The market for honey in Egypt is foreseen to earn revenues worth USD 26.4 million, while growing at a CAGR of 5.10 percent approximately in the course of the forecast period from 2017 to 2023.

Manufacturers are also increasingly focusing on extraction of honey from various flowers to provide uniquely flavored honey to their consumers.

There are several beekeepers with small businesses in Egypt who are significantly invested in the development of the market.

Global medical aesthetics market is projected to reach $19,419.7 million by 2023, growing at a CAGR of 12.2% during 2017 - 2023.According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.

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Geographically, North America has been the largest market for medical aesthetics, with the U.S. being the largest contributor to the regional market. North America is considered as the platform for innovation in aesthetics procedures, since a majority of established and upcoming market players are either headquartered or have a significant geographical presence in the region. The emerging economies of Asia-Pacific, especially China and India, are expected to grow tremendously in future, which will make Asia-Pacific the second largest market in the coming years. Asia-Pacific is expected to outpace Europe in in terms of medical aesthetics market size by 2020.

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There have been many technological innovations and advancements taking place in the medical aesthetics market. The latest advancements in the laser technology have led to an increased number of its applications in medical aesthetics. These advancements in laser provide benefits such as, small incisions, decrease in the intensity of pain and fast recovery after the procedure. There has been a notable increase in the application of laser technology for various aesthetic treatments, such as hair removal, skin rejuvenation and body contouring, which is bolstering the global medical aesthetics market.

Some of the other key players in the market include Allergan Plc, Valeant Pharmaceuticals International, Inc., ZELTIQ Aesthetics, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd., Merz GmbH & Co. KGaA, Galderma S.A., Syneron Medical Ltd., Cynosure, Inc., Photomedex, Inc. and Lumenis Ltd.

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Global Connected Agriculture Market was valued US$ 1.50 Bn in 2017 expected to reach US$ 3.05 Bn by 2026 at a CAGR of 17.7% during the forecast period.

In terms of a solution, the connected agriculture market is classified into network management, agriculture asset management, SCADA systems for agriculture, logistics and supply chain management, smart water management system, and others.

Based on service, the connected agriculture market is categorized into professional services and managed services.

On the basis of the platform, the connected agriculture market is segregated into device management, application enablement, and connectivity management.

The connected agriculture system is being widely accepted across the regions and is growing rapidly.

High cost and limited availability of arable land is a significant impediment for the deployment and implementation of connected agriculture solution are some of the restraining factors that could affect the growth of the market.

The global sodium silicate market is anticipated to witness a staggering CAGR in the forthcoming period.

Market opportunities such as rising demand for silica from rubber & tire industry and demand from construction and water treatment projects is likely to contribute significantly towards the market growth.

On the other hand, challenges such as variation in price of raw materials and existence of cheap substitutes is likely to refrain the market growth in the forecast period.

Physically, it is soluble in water and is prepared by reacting silica sand sodium carbonate at a high temperature.

The sodium silicate market is bifurcated into application and geography.

Application segment for sodium silicate includes detergents, precipitated silica, pulp & paper, detergents, iron & metal casting, water treatment and food preservation.

Global water heater market was valued US$ 32.02Bn in 2017 and is expected to reach US$ 50.50Bn by 2026, at a CAGR of 5.74 % during a forecast period.

It is a heating device that uses energy from various external sources and transfers it to heat the water.

Growing concern among consumers regarding natural resources and energy is inspiring the consumers to shift toward energy-efficient water heating system are driving the global water heater market growth.

The consumers are focusing to selection of a proper water heater.

Availability of fuel types, fuel cost and efficiency of the system, storage and distribution temperature, installation and maintenance cost, and safety of the use are some factors which are driving the demand for water heater.Increasing standard of living and growing consumer awareness relating to heater benefits may drive the global market growth substantially.

Growing focus toward the tourism and hospitality industries is booming the water heater market growth in this region.

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Global Engineering Services Outsourcing Market (ESO) was valued US$ 190.43 Bn in 2017 and is expected to reach US$ 630 Bn by 2026, at a CAGR of 16.15% during a forecast period.

In terms of application, the global engineering services outsourcing (ESO) market is classified into aerospace, automotive, construction, consumer electronics, semiconductors, pharmaceuticals, telecom, and others.

The increased global competition has increased the need for cost reduction, among companies across several industries.

The market trend of companies outsourcing engineering services is anticipated to grow in the upcoming years, as offshore options are rising particularly in India for supporting cost-cutting efforts.

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Increasing need for controlling glucose levels and bringing down blood cholesterol has led to an upsurge in demand for dietary fiber. Bakery and confectionary industry will witness relatively high demand for gum arabic due to increasing need for a binder of natural attributes. Moreover, consumption of gum arabic represents no harm as compared to synthetic and artificial binders. The global gum arabic market is expected to witness a growth of 5.7% CAGR over the forecast period, 2017-2025.

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Market Dynamic
Attributed to relatively low consistent properties in various fluids and water without evolving texture, flavor and mouth-feel of the original beverages, the gum arabic will witness surge in demand in the coming years. In addition, the gum arabic is relatively more stable in low pH conditions, and is moderately an essential element for refreshments. Moreover, as manufacturers are encouraged to produce and develop new formulations, the gum arabic market is likely to witness an upsurge in demand over the coming years. Furthermore, with the increasing production of dry spray preparations for encapsulation of powder, the gum arabic market is likely to witness a surge in growth globally in the span of next eight years. Additionally, surge in application of gum arabic in beverages is likely to fuel growth of the food and beverages segment over the coming years.

Segmentation Analysis
Acacia senegal among other types of gum arabic will retain dominance in terms of revenue, and consumption will remain relatively high in the coming years. However, consumption of acacia seyal will remain relatively high among other types of products in the span of next eight years. The acacia senegal will witness relatively high consumption of over 90 thousand tons over the coming years. Food and beverages will represent the largest application of gum arabic, and will account for a revenue share of 60% globally in the coming years. Pharmaceutical applications in gum arabic will further gain traction, and will witness a growth of 5.6% CAGR in the span of next eight years.

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Regional Analysis
Europe will represent major market for gum arabic globally, and will account for over US$ 170 Mn over the coming years. The gum arabic market in North America is likely to witness an impressive growth of 6% CAGR in the coming years. Whereas, Asia Pacific will account for 50 thousand tons of gum arabic in the span of next eight years. Moreover, Asia Pacific will grow at a relatively fast pace at a CAGR of 6.1% CAGR in terms of revenue over the coming years.

 Market Players
Key manufacturers operating in the global gum arabic market are mainly focusing on offering health claims with supporting clinical evidence for various end products. In addition, manufacturers mainly focus on health-related benefits of gum arabic in the coming years. Leading manufacturers operating in the global gum arabic market include POLYGAL AG, AEP Colloids Inc., C.E. Roeper GmbH, Mountain Rose Herbs, Inc., Tic Gums Inc., IMPORTERS SERVICE CORP., KERRY GROUP PUBLIC LIMITED COMPANY, Nexira International, ALLAND ET ROBERT S.A. and CARAGUM International, S.A.

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Best Trending Technology World Market on Animation Industrial Growth 2018 To 2023

Latest Treading News Study on Industrial Growth of Animation Market 2018-2023. a close study accumulated to supply Latest insights concerning acute options of the Animation Market.

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The Global Treading News Animation marketing research report displays the market size, share, status, production, analysis, and market price with the forecast amount 2018-2023.