Research Insight

IoT Chip Companies - Intel Corporation (US), Texas Instruments Incorporated (US) are the Key Players

The global IoT chip market size is expected to grow from USD 392.0 billion in 2020 to USD 525.4 billion by 2025, at a CAGR of 6.0%. The key drivers for the growth of the IoT chip market are the development of internet connectivity in technologically advancing countries and the growth of low-cost smart wireless sensor networks. The growth of application-specific MCUs and flexible SoC-type designs, adoption of IPv6, which provides more IP address space, technologies such as AI fueling IoT adoption, development of internet connectivity, and growth of low-cost smart wireless sensor networks are expected to drive the IoT chip market. Concerns regarding the security and privacy of user data act as restraints for the market.

• Published: June 2020

Expansion is the key development strategy adopted by the leading players for the growth of the Aramid Honeycomb Core Materials Market in the transportation industry

Aramid honeycomb core materials are used in interior and exterior applications of aircraft, automobiles, ships, and rails. The demand for these materials is increasing at a rapid pace, owing to their lightweight and increase in fuel efficiency of vehicles facilitated by their use. However, amidst the global COVID-19 pandemic, the demand from the aforementioned vehicle types is expected to show a sharp decline until 2021. The global aramid honeycomb core materials market in the transportation industry size is projected to grow from USD 210 million in 2020 to USD 338 million by 2025, at a CAGR of 10.0% during the forecast period.

• Published: June 2020

Foremost Companies in the Protein Crystallization Market: Rigaku Corporation (Japan) and Bruker Corporation (US)

The global protein crystallization and crystallography market is projected to reach USD 1.7 billion by 2025 from USD 1.1 billion in 2020, at a CAGR of 8.9% during the forecast period. The growth in this market is attributed to the increasing adoption of protein therapeutics, technological advancements in protein crystallization instruments and consumables, and the increasing focus on miniaturization. However, the high cost of instruments is expected to restrain the growth of this market during the forecast period.

• Published: June 2020

Market Leaders - Agricultural Pump Market

The global agricultural pumps market size is estimated to be valued USD 4.2 billion in 2020. It is projected to reach a value of USD 6.1 billion by 2025, growing at a CAGR of 7.6% during the forecast period. Factors such as increasing land being brought under irrigation, government support in the adoption of modern agricultural equipment, and the advent of big data in agricultural farms are some of the factors that are driving the growth of the market.

• Published: June 2020

Adhesive Industry Insights

• Published: June 2020

Sealant Industry Insights

• Published: June 2020

Flexible Battery Companies - LG Chem (South Korea) and Samsung DI (South Korea), are the Key Players

Flexible batteries are designed to be flexible, lightweight, and compact to fit in miniaturized devices. These batteries can be cut, rolled, and customized into different sizes and shapes to be incorporated into products of any shape without any loss of efficiency. Thin-film batteries and printed batteries fall under the category of flexible batteries owing to their flexibility, compactness, thinness, and lightweight, as well as a unique manufacturing process. The flexible battery market is projected to grow from USD 98 million in 2020 to USD 296 million by 2025; it is expected to grow at a CAGR of 24.7% from 2020 to 2025. Factors such as the growing demand for flexible batteries for use in wearables, increasing use of thin and flexible batteries in flexible electronic devices, ongoing miniaturization of electronic devices, surging demand for flexible batteries in IoT applications, and increasing use of flexible batteries in medical devices to treat COVID-19 patients are driving the growth of the flexible battery market.

• Published: June 2020

Market Leaders: DSM and Dupont are Focusing on Undertaking Acquisitions and Developing new Products to Strengthen their Market Position in Nisin Market

The global nisin market size is estimated to be valued at USD 443 million in 2020 and is projected to reach USD 553 million by 2025, recording a CAGR of 4.5% during the forecast period. The increase in demand for processed and convenience food products with clean labels and organic ingredients is a key factor that is projected to drive the market growth.

• Published: June 2020

Johnson & Johnson (Ethicon, Inc.), Baxter International, and Becton, Dickinson and Company are the leading players in the Surgical Sealants and Adhesives Market

The global surgical sealants and adhesives market is expected to reach USD 2.8 billion in 2025 from USD 1.9 billion in 2020, at a CAGR of 8.4% during the forecast period. Growth in this market is driven by the growing prevalence and incidence rates of various disorders such as obesity and CVDs; increasing incidence of trauma; and growth in the number of accidents and sports-related injuries, which has led to an increase in surgical procedures being performed across the globe. Also, the need to manage blood loss in patients and R&D being undertaken to bring innovative products to the market is aiding the market growth. Better cosmetic outcomes are also increasing their adoption in cosmetic procedures across the globe. Additionally, emerging markets provide significant investment opportunities for players as these regions offer an untapped potential due to the increasing government and private investments in the healthcare sector. The rising prominence of adhesive dentistry also offers significant growth opportunities for players operating in this space. However, the high cost of these products, lack of reimbursements, and high investments associated with clinical data requirements for these products are restraining the growth of this market to a certain extent. The market also faces the challenge of developing novel biomaterials for effective tissue sealing.

• Published: June 2020

Agilent Technologies, Shimadzu Corporation, and ThermoFishe to lead the Global Gas Chromatography (GC) Market

The global GC market size is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 4.1% during the forecast period. The growth in this market is driven by high the growing adoption of GC-MS, rising crude & shale oil production, increasing importance of wastewater treatment, rising food safety concerns, and growing use of chromatography tests in the drug approval process. However, the high cost of GC equipment, geopolitical issues prevailing in some countries, and shortage of skilled professionals are expected to restrain the growth of this market during the forecast period.

• Published: June 2020

BASF (Germany) and Nouryon (Netherlands) are leading players in Chelating Agents Market

The global chelating agents market size is projected to grow from USD 6.8 billion in 2020 to USD 8.4 billion by 2025, at a CAGR of 4.2% during the forecast period. The major factors driving the market are the growing demand for potable and treated water and the growing consumption of cleaning products.

• Published: June 2020

Cerner Corporation (US) and Epic Systems (US) are Leading Players in the Hospital EMR Systems Market

The global hospital EMR systems market is projected to reach USD 20.7 billion by 2025 from USD 14.2 billion in 2020, at a CAGR of 7.8% during the forecast period. In 2019, Cerner Corporation (US), Epic Systems Corporation (US), Allscripts Healthcare Solutions, Inc. (US), MEDITECH (US), and CPSI (US) were some of the major players in the hospital EMR systems market.

• Published: June 2020

Market Leader - Specialty Oilfield Chemicals Market

The specialty oilfield chemicals market size is projected to reach USD 13.4 billion by 2025 from USD 10.9 billion in 2020, at a CAGR of 4.2%, during the forecast period. North America is the largest market, followed by Middle East & Africa. An increase in crude oil production after an expected decrease in COVID-19 impact in the near future is expected to drive the market during the forecast period. Stringent environmental regulations and geopolitical issues in the Middle East region are the factors restraining the market. The discovery of new oilfields and an increase in aging oil reservoirs are expected to provide high growth opportunities to manufacturers.

• Published: June 2020

Point-to-Point Antenna Companies - CommScope (US) and Ericsson (Sweden) are the Key Players

The point-to-point antenna market is estimated to be valued at USD 3.6 billion in 2020 and is projected to reach USD 5.0 billion by 2025, at a CAGR of 6.9%. This estimation factors in the impact of the COVID-19 pandemic on the market. The major driving factors are the simplicity of installation as compared with other antennas and the growing penetration of the Internet. The increasing number of M2M connections among various industry verticals is also expected to drive the point-to-point antenna market growth during the forecast period.

• Published: June 2020

Paints & Coatings Industry Insights

• Published: June 2020

Market Leadership - COVID-19 Impact on NPK Fertilizers Market

Post COVID-19, the NPK fertilizers market size is estimated to grow from USD 87.2 billion in 2020 to USD 88.7 billion by 2021, at a CAGR of 1.8% from 2020 to 2021. The major driving factors for this market include increasing reliance on fertilizers for crop productivity enhancement and rising crop demand for animal feed production.

• Published: June 2020

Key players adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, and partnership & agreement, to grow in the Foam Plastics Market

Foam plastics are resins used in manufacturing polymer foams, which are used in various end-use industries such as building & construction, furniture & bedding, packaging, and automotive among others. The foam plastics market is projected to grow from USD 51.6 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. APAC is the largest consumer of foam plastics. The overall growth of the market is triggered by the growth of major end-use industries of foam plastics and energy sustainability and energy conservation properties of foam plastics.

• Published: June 2020

CSR Ltd. (Australia) and Biltech Building Elements Limited (India) are Leading Players in the Autoclaved Aerated Concrete (AAC) Market

The global autoclaved aerated concrete (AAC) market size is projected to grow from USD 18.8 billion in 2020 to USD 25.2 billion by 2025, at a CAGR of 6.0% between 2020 and 2025. The major driving factors of the market include increasing urbanization & industrialization, growth in the infrastructure sector, rising demand for lightweight construction materials, growing preferences for low-cost houses, and increasing focus on green & soundproof buildings.

• Published: June 2020

Smart Speaker Companies - Amazon, Inc (Amazon) (US), Harman International (US) are the Key Players

The smart speaker market is highly competitive, owing to the presence of global and regional market players. New product development and launch was the key strategy adopted by players to achieve growth in the smart speaker market between 2018 and 2020. Key players that have implemented these strategies are significant players in the market.

• Published: June 2020

Mobileum (US) and Infobip Ltd (UK) are leading players in SMS Firewall Market

The Short Message Service (SMS) firewall market size is projected to grow from USD 2.2 billion in 2020 to USD 3.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. Major factors driving the growth of the SMS firewall market include the proliferation of smartphone penetration across consumers, stringent government regulations, and growing Application-to-Person (A2P) SMS traffic in the businesses.

• Published: June 2020

Market Leadership - COVID-19 Impact on Digital Agriculture Market

Post COVID-19, the global digital agriculture market size is estimated to grow from USD 5.6 billion in 2020 and is projected to reach USD 6.2 billion by 2021, recording a CAGR of 9.9%.

• Published: June 2020

Key players adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product enhancements to expand their presence in the Serverless Architecture Market

The global serverless architecture market size is projected to grow from USD 7.6 billion in 2020 to USD 21.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. The major factors driving the growth of the serverless architecture market include the rising need of shifting from CAPEX to OPEX by removing the need to manage servers, thereby reducing the infrastructure cost.

• Published: June 2020

Wireless Gas Detection Companies - Honeywell International (US), Drägerwerk (Germany) are the Key Players

The wireless gas detection market is estimated to grow from USD 1.5 billion in 2020 to USD 1.9 billion by 2025; it is expected to grow at a CAGR of 4.8%. The cost-effectiveness, increased safety, and portability of wireless gas detection devices and the time- and money-saving easy installation of wireless gas detection systems are the key factors driving the growth of the wireless gas detection market.

• Published: June 2020

McGraw-Hill (US) and Pearson (UK) are leading players in Adaptive Learning Market

The global adaptive learning market size is projected to grow from USD 1.9 billion in 2020 to USD 5.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. The major factors driving the growth of the adaptive learning industry include rising demand for eLearning solutions, personalized learning, and government initiatives for adaptive learning solutions.

• Published: June 2020

Key players adopted various growth strategies to expand their presence in the Reactive Diluents Market

The global reactive diluents market size is expected to grow from USD 952 million in 2020 to USD 1,309 million by 2025, at a CAGR of 6.6% during the forecast period. The major factors driving the reactive diluents market are the growth of the global construction sector and the increasing use of composite materials in various industries, such as automotive, aerospace, construction, and electronics. However, the outbreak of the novel coronavirus (COVID-19) pandemic has affected almost all manufacturing activities around the globe. This COVID-19 is the biggest challenge for the reactive diluents market in 2020.

• Published: June 2020

OneTrust (OneTrust, LLC.) and Quantcast are leading players in Consent Management Market

MarketsandMarkets projects the consent management market to grow from USD 317 million in 2020 to USD 765 million by 2025, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. Major factors that are expected to drive the growth of the market include growing awareness on data compliance regulations; rising cyberattacks, data breaches, and the need for data security; increasing demand for customers to control their consent and preferences; and implementation of Privacy by Design (PbD) to enhance data privacy.

• Published: June 2020

Marine Interiors Companies - R&M Group (Germany), Almaco (Finland) are the Key Players

The marine interiors market size is projected to grow from USD 2.7 billion in 2020 to USD 5.8 billion by 2027, at a CAGR of 11.6 % from 2020 to 2027. Factors that are expected to fuel the growth of the marine interiors are the rising cruise refurbishment, increasing demand for river cruises in the US, and the growth of the superyachts market in Asia Pacific and the Middle East.

• Published: June 2020

Royal Dutch Shell Plc. (Netherlands) and Chevron Corporation (US) are leading players in Antifreeze/Coolant Market

The global antifreeze/coolant market size is projected to grow from USD 5.4 billion in 2020 to USD 5.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 1.8% during the forecast year. The growth of this market is attributed to the increasing demand for antifreeze/coolant in automotive and HVAC industries.

• Published: June 2020

Market Leadership - COVID-19 Impact on Display Panel Market

Post-COVID-19, the global display panel market is projected to grow from USD 107.0 billion in 2020 to USD 152.0 billion by 2025, at a CAGR of 7.3%. The estimation for 2020 is down by ~26% compared to the pre-COVID-19 estimate.

• Published: June 2020

Market Leadership - Distributed Acoustic Sensing (DAS) Market

The global distributed acoustic sensing (DAS) market is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a CAGR of 11.4%. Owing to COVID-19, the DAS market is estimated to decline by ~10% for 2019–2020.  DAS systems are increasingly being adopted for new applications due to their various advantages, such as immunity toward electromagnetic interference, high range, and long lifespan. With increased digitization in the oil & gas industry, fiber optic sensing technology such as DAS technology has proven itself over the past decade. DAS systems are primarily used for downhole and pipeline monitoring in the oil & gas industry. Given the critical nature of monitoring operations in the oil & gas industry, DAS systems continue to hold significant importance in this field. This has led to the deployment of DAS systems in other industries such as military, infrastructure, and transportation, which is helping in propelling the growth of the market.

• Published: June 2020

Key players adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches further to expand their presence in the COVID-19 Impact on the Facial Recognition Market

MarketsandMarkets forecasts the global facial recognition market size to grow from USD 3.8 billion in 2020 to USD 4.5 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. The major growth factors for the facial recognition market include the focus of the government and companies on facial recognition rather than touch-based biometrics. As a result, the demand for facial recognition in monitoring and tracking of people's movement, identity verification, security measures, patient identification, is expected to increase, which, in turn, would result in the adoption of facial recognition technology by Q4 2021.

• Published: June 2020

Market Leaders - Low-Carbon Propulsion Market

The global low-carbon propulsion market size is projected to grow from 2,980 thousand units in 2020 to 11,640 thousand units by 2027, at a CAGR of 21.5 % during the forecast period. The expected growth of the market can be attributed due to increasing demand for emission-free vehicles and energy-efficient transport, government regulations regarding, fluctuations in fuel prices, and vehicle conversions.

• Published: June 2020

IBM (US) and SAS Institute (US) are Leading Players in COVID-19 impact on Fraud Detection and Prevention (FDP) Market

As per MarketsandMarkets, the COVID-19 impact on the global Fraud Detection and Prevention (FDP) market size is projected to grow from USD 23.4 billion in 2019 to USD 38.6 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 28.4% during the forecast period, considering the optimistic scenario. Organizations are facing fraud-related risks, both internally and externally. Moreover, the risks have become multi-faceted and can be monetary, regulatory, or reputational caused by fraud types.

• Published: June 2020

Eaton (Ireland) and IBM (US) are Leading Players in the Energy and Utilities Analytics Market

MarketsandMarkets forecasts the global energy and utilities analytics market size to grow from USD 2.0 billion in 2020 to USD 4.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period. The major growth factor of the energy and utilities analytics market is the mounting adoption of smart meters for enabling two‐way communication between companies and customers. The prioritization of power generation planning and the need for accurate forecasting, and the investments in digital channels to improve customer processes, experience, and perceived customer value are also expected to drive the market growth.

• Published: June 2020

Market Leader: Increase in Demand for Naturally-Sourced Ingredients Offering Health Benefits under Nutraceutical Applications to Drive the Market Growth for Eggshell Membrane Market

The global eggshell membrane market size is estimated to account for USD 105 million in 2020 and is projected to reach USD 169 million by 2025, recording a CAGR of 10.1% during the forecast period. The market is primarily driven by the increase in the consumption of eggshell membrane majorly in nutraceuticals and cosmetic &personal care applications due to health-related benefits.

• Published: May 2020

Optical Interconnect Companies - II-VI Incorporated (US) and Lumentum Operations LLC (US) are the Key Players

The optical interconnect market is projected to grow from USD 9.0 billion in 2020 to USD 17.1 billion by 2025; it is expected to grow at a CAGR of 13.7% from 2020 to 2025. The key factors fueling the growth of the market are the rise in the global deployment of datacenters and the surge in the global adoption of cloud computing, big data analytics, and IoT.

• Published: May 2020

Market Leaders - Asia Pacific Generator Sales Market

The Asia Pacific generator sales market size is expected to grow from an estimated USD 6.8 billion in 2020 to USD 8.8 billion by 2025, at a CAGR of 5.1% during the forecast period. The increasing adoption of hybrid generators, bi-fuel, and inverter generators and electrification of rural areas in developing countries are high growth prospects for the Asia Pacific generator sales market during the forecast period.

• Published: May 2020

Inline Metrology Companies - Perceptron Inc and Hexagon AB are the Key Players

The inline metrology market is expected to grow from USD 390 million in 2020 to USD 801 million by 2025, at a CAGR of 15.5%. The growth of the inline metrology market is driven by the factors such as increasing global adoption of smart metrology solutions, rising global spending on research and development activities for automation technologies, and growing use of smart 3D sensors worldwide.

• Published: May 2020

Epic Systems (US) offers a wide range of EHR, revenue cycle and practice management, and population in the COVID-19 Impact on Healthcare Information Technology Market

The global healthcare information technologies market size is projected to reach USD 270.3 billion by 2021 from USD 227.5 billion in 2020, at a CAGR of 23.6% during the forecast period. Some of the leading players in this market are Optum (US), Cerner (US), Cognizant (US), Change Healthcare (US), Philips Healthcare (Netherlands), Epic Systems (US), Dell Technologies (US), and Allscripts (US).

• Published: May 2020

Foremost Companies in the Ambulatory Surgical Centers Market: Cerner Corporation (US) and Allscripts Healthcare Solutions, Inc. (US)

 The Ambulatory Surgical Centers market is projected to reach USD 7.2 billion by 2025 from 2.1 billion in 2020, at a CAGR of 27.6% during the forecast period. In 2019, Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), Epic Systems Corporation (US), and NextGen Healthcare (US) were some of the major players in the Ambulatory Surgical Centers market.

• Published: May 2020

Market Leader - Food Vacuum Machine Market

The global food vacuum machine market size is projected to grow from USD 12.9 billion in 2020 to USD 16.4 billion by 2025, recording a compound annual growth rate (CAGR) of 5.0% during the forecast period. The increasing demand for shelf-stable products and the rising usage of ready-to-eat food are some of the major factors that are projected to drive the growth of the food vacuum machine market. In addition, the fast growth of the food retail sector is one of the key contributors that is projected to drive market growth.

• Published: May 2020

Siemens (Germany) and AT&T (US) are Leading Players in the Remote Asset Management Market

The remote asset management market size is projected to grow from USD 16.5 billion in 2020 to USD 32.6 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. The major factors driving the growth of the remote asset management market include the surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency, decreasing cost of IoT-based sensors optimize asset life cycle through remote asset management solutions, and use of predictive maintenance to boost the adoption of remote asset management, thereby reducing operational costs of remote assets.

• Published: May 2020

Valve Controller Companies - Emerson (US) and Metso (Finland) are the Key Players

The valve controller market is projected to reach USD 2.2 billion by 2025 from USD 1.8 billion in 2020. It is expected to register a CAGR of 3.7% during the forecast period. The rising importance of monitoring and controlling in the process industries for improved efficiency, increasing demand for fuel and power, growing need for a connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of the existing ones are the key driving factors for the valve controller market. The introduction of IIoT & industry 4.0, need for valve replacement, and the adoption of smart valves to offer improved customer service are among the other factors fueling the valve controller market.

• Published: May 2020

Foremost Companies in the European Medical Devices Market: Zimmer Holdings Inc.(US) and Biomet Inc.(US)

The European medical devices market is projected to reach USD 61.4 billion by 2025 from an estimated USD 48.9 billion in 2020, at a CAGR of 4.7% during the forecast period. Factors such as the rising geriatric population, large and established medical technology industry, increasing number of surgical procedures, growing need for cost-containment in the healthcare industry, and the availability of funding for research and product innovation are driving the growth of this market.

• Published: May 2020

Foremost Companies in the Veterinary PoC Diagnostics Market: Zoetis, Inc. (US) and IDEXX Laboratories, Inc. (US)

The global veterinary point-of-care diagnostics market size is projected to reach USD 2.4 billion by 2025 from USD 1.4 billion in 2019, at a CAGR of 8.9%. In 2018, IDEXX Laboratories, Inc. (US) and Zoetis, Inc. (US) dominated the global veterinary point-of-care diagnostics industry, accounting for more than ~80–85% of the total market share.

• Published: May 2020

Sustainable Plastic Packaging Companies - Amcor PLC (Australia) and Sonoco Products Company (US) are the Key Players in the Sustainable Plastic Packaging Market

The global sustainable plastic packaging market size is projected to grow from USD 89.0 billion in 2020 to USD 117.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast year. The growth of this market is attributed to the increasing regulations regarding the use of plastics, initiatives by governments and NGOs to promote sustainability in plastic packaging (e.g. - The Ellen McArthur Foundation), and the increasing awareness about the need and benefits of sustainability among the public, especially the youth.

• Published: May 2020

Tactical Optics Companies - Leonardo S.p.A. (Italy), BAE Systems plc (UK) are the Key Players

The tactical optics market size is projected to grow from USD 9.7 billion in 2020 to USD 13.0 billion by 2025, at a CAGR of 6.1% from 2020 to 2025. The market growth can be attributed to the increase in soldier count in emerging economies and ongoing upgrades to existing systems in developed countries.

• Published: May 2020

Cardinal Health is one of the major players operating in the Centesis Catheters Market

The global centesis catheters market is projected to reach USD 633 million by 2025 from USD 426 million in 2019, at a CAGR of 6.8%. Growth in the global centesis catheters market can be attributed to factors such as the rising target patient population (particularly patients suffering from cancer, TB, and cardiovascular diseases), growing preference for image-guided centesis procedures, and the increasing evidence for the efficacy of centesis procedures for target diseases. However, premium product pricing and complexities associated with centesis procedures are some of the major factors that are expected to restrain the growth of this market in the coming years.

• Published: May 2020

Market Leader - Semi-autonomous & Autonomous Truck Market

The global semi-autonomous truck market size is projected to reach 3,254 thousand units by 2025, from an estimated 948 thousand units in 2020, at a CAGR of 28.0%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. The semi-autonomous truck segment has witnessed rapid evolution with governments across the world regulating advanced safety features such as AEB and BSD, and OEMs offering trucks with modern driver-assist features.

• Published: May 2020

DRE Veterinary (US) and Smiths Group plc (UK) are the Leading Players in the Veterinary Monitoring Equipment Market

The veterinary monitoring equipment market is projected to reach USD 570 million by 2025 from USD 326 million in 2019, at a CAGR of 9.8%. The growth of this market is primarily attributed to factors such as the increasing awareness regarding animal health, increasing focus on animal health among pet owners, growing prevalence of diseases among companion animals, growing companion animal population, rising demand for pet insurance, growing animal health expenditure, and the rising number of veterinary practitioners & income levels in developed economies. The need for continuous pet health evaluation & diagnosis and wearable monitoring devices are gaining recognition as opportunity areas in the market.

• Published: May 2020