Mobile Wallet Market Driver Analysis, Technology Overview and Segmentation Forecasts, 2024

The advancement of mobile phone technology is expected to drive Mobile Wallet Market or digital wallet industry in near future. In 2015, mobile wallet market size was valued USD 592.45 billion worldwide. The boundless Smartphone use and its increasing penetration level will favour mobile wallet market. The market has emerged as a result of technological advancement which enhances customer experience. Consumer payment credentials are saved and are made available at point of sale. NFC has made significant change in payment technologies.

Mobile wallet market allows consumers to manage their account and transaction from any location at affordable price. Banks, technology vendors and payment service providers in association with main players are developing platform and infrastructure to reinforce customer experience. To differentiate the business from competitors key players have provided features such as mobile vouchers and services, digital charity scheme, dynamic currency conversion. Value added service (VAS) is acting as driving force for cashless payment.

Security issues and privacy concerns can act as restraint in this industry. Lack of government initiatives and supervision is another barrier for growth in this industry over a forecasted period.

You Can Also Get Absolutely Free Sample Copy @ https://www.millioninsights.com/industry-reports/mobile-wallet-market/request-sample

“Proximity product type is expected to portray highest growth over the forecast period”

In 2014 mobile wallet segment had generated highest revenue and throughout the forecasted period it will dominate the market due to increase in cashless payment over a communication network.

Due to increase in penetration of NFC enabled smart phones across the globe proximity product type is expected to have high growth rate. Flexibility feature will lead markets growth.

“Government initiatives for modernizing the transportation and adoption of advanced technology has contributed public transportation application to have highest growth over the projected period”

Mobile wallet market has applications in different segment such as retail, restaurant, public transportation and vending machine. According to revenue generated in 2015 its application in retail segment is expected to dominate the business. Better consumer experience and increasing number of smart phones will push the demand.

Vending machine allows customers to make cashless transactions that will encourage consumers to purchase regularly. Devices with NFC integration provide better consumer experience along with security feature that will drive retailers to use this technology. Countries such as India, China and Indonesia have high vending machine usage that will improve the demand for application segments.

Low processing fees through NFC technology will achieve cost and operational efficiency. Retailers accepting cashless payment will attain consumer data opportunities and loyalty. Special promotions and loyalty reward will help retailer to improve relations with mobile customers.

“Increasing penetration of NFC enabled mobile phones in Asia Pacific has contributed to significant growth from 2016 to 2024”

By 2024, Asia pacific region is predicted to generate key revenue and will have highest share among other regions. Large number of service providers and consumer preferences in this region are important factors for growth of mobile wallet market. In countries like India and China due to increase in disposable income and consumer needs mobile wallet market will have significant growth over the forecasted period.

Government initiatives likes make in India and Digital India in country is expected to boost the penetration of mobile phones and other consumer electronics which will result in growing demand of industry.

Development in various applications such as NFC-based transactions, ticketing and access control in European market is anticipated over the forecasted period. Increase in number of NFC tags implementation has led to use of NFC readers. It is forecasted that Restaurant applications and public transportation will have key share in European market

“Building trust among consumers is expected to increase the adoption rate”

Bharti Airtel limited, Apple Inc (US), and American express company are Major competitors in mobile wallet market. These key players are continuously investing in R&D to develop innovative platform for users so as to gain market share.

Access Full Research Report @ https://www.millioninsights.com/industry-reports/mobile-wallet-market

Nanomedicine Market - Global Industry Analysis, Size, Growth, Trends And Forecast 2013-2025

Industry Insights

The global Nanomedicine Market size was worth USD 138.9 billion in 2016 which is anticipated to grow at a CAGR of more than 9.8% during the forecast period. Factors such as technological advancements along with significant applications in the prophylaxis of acute and chronic diseases, prevention intervention, and early disease diagnosis are accountable for progress of this industry. Miniaturization of bigger chemicals and structures at nanometric scale enables the modernization in drug administration thus leading to growth in nanotechnology market for healthcare industry.

Advancements in nanorobotics due to the escalation in funding from the government bodies are accountable to persuade potential to the nanomedicine market. Moreover, nanorobotics engineering projects which are targeting only the cancer cells without affecting the contiguous tissues is expected to promote progress through to 2025.

Factors such as the capability of nanotechnology to assist in both therapeutic and diagnostics sector simultaneously are accountable for a large number of researches which are undergoing in this sector. Moreover, application of DNA origami in the healthcare is accountable for the projected CAGR.

Furthermore, pipeline products based on the nano-molecules and related technologies are expected to promote the progress over the forecast period. Other factors such as, presence of number of products in phase II trial of clinical development and personalized treatment option is also available which is accountable for the development of nanotechnology for health care in the coming years.

You Can Also Get Absolutely Free Sample Copy @ https://www.millioninsights.com/industry-reports/nanomedicine-market/request-sample

Product Insights

In 2016, the foremost share was accounted by therapeutics owing to the existence of various products such as drug delivery systems, devices, and drugs falling in this classification. Number of therapeutic drugs that can be delivered through nano methods is increasing with the inclination of pharmaceutical companies towards these research activities.

Nanotechnology is a promising technology which delivers drugs at the site of action with an enhanced cellular penetration and reduced toxicity. The aforementioned fact, is supportive for the estimated share of therapeutics segment. Moreover, development of innovative delivery products by using various kinds of nanoparticles is anticipated to boost the market growth.

Application Insights

Based on application, the segment incorporates cardiology, infectious diseases, oncology, and other applications. In 2016, oncology segment dominated with approximately 47% revenue share.

Rise in the R&D and funding activities in this segment is attributive for the larger share of this segment. Moreover, continuous increase in the incidence of oncology diseases is attributive for the development of nanotechnology based products for cancer eradication.

Cardiology is expected to witness fastest growth as a result of higher demand in the projected period due to several opportunities such as implants for tissue regeneration, nanostructured stents, and therapeutic nano-vectors.

Nanomolecule Type Insights

The capability of nanoparticles to get linked with the chemical moieties in different forms such as scaffolds aids in performing different functions. Moreover, application of nanoparticles for active targeting by linking it to cell receptor’s ligands is expected to drive progress potentially nanotechnology.

Metal and metal oxide is expected to witness substantial demand due to its widespread utilization in diagnostics. These nanoparticles enable diagnosis through the unique properties of different metals and metal oxides.

Dendrimers and the inorganic nanoparticles are also anticipated to grow at a potential rate in the coming years as consequence of research carried out in these segments. Furthermore, rising inclination of physicians towards nanodevices for monitoring and prognosis is anticipated to boost demand in the coming years.

Regional Insights

The nanomedicine market was dominated by North America with over 42% of revenue share due to escalating partnerships between nanomedicine startups and enterprises. Moreover, assistance from government organizations along with higher R&D expenditure is accountable for the largest share of the province in this sector.

Asia Pacific is anticipated to witness fruitful growth owing to factors such as rising demand for prophylaxis of life-threatening diseases and increase in a number of research grants. The escalation in a number of venture capital financiers and rising international research associations are expected to promote the nanomedicine growth in this region.

Competitive Insights

Several vital players are functioning in this market such as Teva Pharmaceutical Industries Ltd, Nanosphere, Inc., Celegene Corporation, Ablynx NV, GE Healthcare, Arrowhead Research, and Combimatrix Corp. These players are engaged in attaining the U.S. FDA approvals in order to enhance their revenue share.

Rising penetration of the companies in diverse segments with respect to nanotechnology in order to replace the conventional options of treatment and diagnosis is anticipated to lead in growth in the coming years. Market entities are engaged in collaborations with research institution and academic organizations in order to carry out active research.

Access Full Research Report @ https://www.millioninsights.com/industry-reports/nanomedicine-market

Mobile Robotics Market - Global Industry Analysis, Size, Growth, Trends And Forecast 2012-2020

Industry Insights

Globally, the Mobile Robotics Market valued at USD 4.43 billion in 2014 and is presumed to reach USD 10.60 billion by 2020. Rapid industrialization and growing need for automation to improve the efficiency in the production and to augment the quality process; mobile robotics is significantly evolving its market globally. Mobile robots represent powerful robots which act on a variety of operations according to their programmed configurations.

Advancement in mobile robotics technology is significantly evolving in different functional areas as defense, warehousing, medical& healthcare, and logistics. It aids the humans in managing a specific set of task to overcome the human restraining and efficient in saving the cost of production.

Optimized use of the resource in terms of labor cost, aging workforce and growing demand for productivity are presumed to impel the demand for the market growth. Furthermore, high initial investment and time consumption in particular set of functional areas such as manufacturing, marketing, and Research & Development are expected to be constraints for the market growth.

You Can Also Get Absolutely Free Sample Copy @ https://www.millioninsights.com/industry-reports/mobile-robotics-market/request-sample

Product Insights

On the basis of products, the mobile robotic market is segmented into Unmanned Ground Vehicles (UGV), Unmanned Surface Vehicles (USV), Unmanned Aerial Vehicles (UAV) and Autonomous Underwater Vehicles(AUV). UGV is presumed to be the leading the segment over the projected year attributed to rising demand in the implementation in areas of military and defense agencies. UAVs are presumed to witness a substantial increase throughout the projected period associated with significant increase in the areas of photography, defense, wildlife research and survey, military, surveying and mapping, and security applications.

The USVs has been impelled by cost-efficient wireless data system and global positioning system, which supposed to continue over the next few years.

Application Insights

By end-use, the mobile robotic market is bifurcated into service and industrial segment. The traditional industrial application covers warehousing &distribution, coating & dispensing and painting and de-painting. Service segments comprised of personal and professional end-use. Personal end-use comprised of domestic purposes such as maintenance, cleaning, and entertainment. Professional end-use covers logistics, agricultural, forest harvesting, medical, mining, and military & defense.

Reduced price of cameras and sensors and feasible and accessibility of open source software development platforms are propelling factors for the increased demand for domestic robots for personal end-use such as vacuum cleaners and lawn movers. Combining the mobile robots with mobile technologies and smart appliances is presumed to enhance the profitability of personal service mobile robots.

Regional Insights

With the increase in number of terror attacks in different regions of Asia Pacific region, there has been increase in demand of military agencies to keep stringent surveillance system over such activities thus contributing factor of Asia-Pacific region such as India, China, Japan, South Korea and Australia for their dominance in the market and continue to increase growth over the projected years. Domestic robots are extensively used in countries of the US, Japan, Germany, and France for the cleaning and maintenance purpose. The U.S is expected to lead the R&D investment on UAV technology over the next ten years.

Competitive Insights

The major players of mobile robotics players include Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S), Google Inc(US), GeckoSystems Intl. Corp. (U.S.), Bluefin Robotics Corporation (U.S.), ECA Group (France), Honda Motor Co., Ltd. (Japan)., Adept Technology, Inc. (U.S.), KUKA AG (Germany), Amazon.com Inc (U.S).

Access Full Research Report @ https://www.millioninsights.com/industry-reports/mobile-robotics-market

Market Segment:

Mobile Robotics Product Outlook (Revenue, 2012 – 2020)
    • Unmanned Ground Vehicles (UGVs)
    • Unmanned Aerial Vehicles (UAVs)
    • Unmanned Surface Vehicles (USVs)
    • Autonomous Underwater Vehicles (AUVs)

Mobile Robotics Application Outlook (Revenue, 2012 – 2020)
    • Industrial
    • Service

Mobile Robotics Regional Outlook (Revenue, 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

For More Information: www.millioninsights.com

Global LiDAR Market Analysis, Share, Growth, Industry Trends, Overview And Forecast To 2024

"LiDAR market was valued at USD 309.8 million in 2015"

The global LiDAR Market size is estimated to reach USD 1.34 billion by 2024. LiDAR market covers key segments such as terrestrial, airborne and mobile & UAV LiDAR systems. It is a surveying method that measures the distance with help of laser light and sensors that creates 3D representation of target. Airborne systems dominated in market share and are predicted to grow in forecast period. The advantages such as high accuracy and detailed information of Airborne system has increased their use over photogrammetry. The systems delivers large area mapping in short time and are efficient.

LiDAR is used in high-resolution maps the technology is also used in navigation and control of autonomous cars. The vertical integration in LiDAR market has various advantages and adds significant value to supply chain operators. Light Detection and Ranging systems have made mapping of objects, detection, and examination easier than photogrammetry technique. The Chinese firm Nova Workvision Digital Technology Co. Ltd. Provides outsourcing service along with mapping products such as Digital Terrain model (DTM), Digital surface model (DSM), and Digital elevation model (DEM).

You Can Also Get Absolutely Free Sample Copy @ https://www.millioninsights.com/industry-reports/lidar-market/request-sample

"The airborne systems market is expected to grow at a CAGR of over 13.6% from 2016 to 2024"

Airborne systems uses laser light generate a 3D representation of target landscape. LiDAR systems provide a precise data points in short time for creating digital elevation models and are anticipated to replace the present photogrammetry mapping technique due to their high ability of 3D scanning of images in short time.

Government initiatives, large scale engineering infrastructure projects, increasing urbanization and improved project efficiency are vital factors that will have a positive impact on the market in forecast period.

LiDAR is used for atmospheric research and meteorology and the LiDAR instruments also have applications in aircraft, satellites with main purpose of surveying and mapping. The mobile system collects 3D point cloud data for creating map. Mobile and UAV systems will have great opportunities in emerging Economies and will drive the market worldwide over forecast period.

"The corridor mapping application segment accounted for over 37.99% of the global market in 2015"

LiDAR market is segmented based on application that includes Engineering environment, Advanced Driver Assistance (ADAS), corridor mapping and others. Among these segments the corridor mapping is expected to dominate with over 37.99% of industry share in 2015.

A corridor may be highway passage, pipeline inspection, and railway track or power line. The mapping of corridor means collecting accurate data with help of airborne and terrestrial methods.

The LiDAR sensor is bounded to helicopters that fly at lower altitude and scans corridor and collects accurate information. The data collected is beneficial as it can be used in planning of work to be done, monitoring purpose and repair & deflections of areas.

By 2024, he ADAS application is expected to gain prominence because of its application in automotive safety such as Automated Emergency Braking (AEB) systems especially in Europe and North American region.

"The LiDAR laser scanning devices are anticipated to spectate the colossal growth opportunities"

On basis of components the LiDAR industry is fragmented into GPS components, navigation device, laser scanner and other devices that are used for capturing, processing and storing data such as camera equipment. Laser scanner has great importance in LiDAR technology, owing to this fact the laser segment is expected to grow at a significant rate.

Different type of laser scanner is used for airborne, terrestrial and mobile & UAV platforms that scan entire area as per the mapping and scanning requirement.

"Velodyne LiDAR, Inc. to dominate the automotive LiDAR solicitation arcade"

The key players at present are witnessing severe competition in market. Major players are aiming high market share by providing enhanced quality products and opting different strategic initiatives such as merger and acquisitions.

Leica Geosystems Holding AG, RIEGL USA Inc., Velodyne LiDAR Inc., Faro Technologies Inc., and Trimble Navigation limited are major players in LiDAR market.

Access Full Research Report @ https://www.millioninsights.com/industry-reports/lidar-market

Market Segment:

LiDAR Product Type Outlook (Revenue, USD Million, 2014 - 2024)

    • Airborne

    • Terrestrial

    • Mobile & UAV

LiDAR Application Type Outlook (Revenue, USD Million, 2014 - 2024)

    • Corridor Mapping

    • Engineering

    • Environment

    • Exploration

    • Advanced Driver Assistance Systems (ADAS)

    • Others

LiDAR Component Type Outlook (Revenue, USD Million, 2014 - 2024)

    • Laser Scanner

    • GPS

    • Navigation

    • Others

LiDAR Regional Outlook (Revenue, USD Million, 2014 - 2024)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

For More Information: www.millioninsights.com

Pulse Flour Industry Analysis, Growth Overview And Segment Forecasts, 2013-2024

Industry Insights

The global Pulse Flour Market size was estimated over USD 17 billion in 2015. Pulse flour obtained from the hull of pulses like chickpea, pea, lentils, and other legumes is gaining popularity as an essential functional food ingredient. The growing vegetarian population is driving the demand for these products in various food products. Extensive R&D for new product development coupled with government initiatives about the promotion of pulses is expected to have a positive impact on market growth over the forecast period.

Pulse flour contains low-fat source, low glycemic index, and high fiber content owing to which this product exhibits many advantages over wheat flour and rice. The presence of rare elements such as potassium, selenium and sodium & nutrients is responsible for growing demand in end-use applications.

The growing incidences of diabetes and obesity have increased the importance of naturally sourced ingredients such as pulse flour as they increase the nutritive value of food. The demand for pulse flour has been on the rise owing to growing demand for gluten free foods. Gluten free foods aid in minimizing the risk of excess weight and increase energy levels. The changing lifestyles coupled with a rise in on the go eating is expected to boost the usage of pulse flour in the manufacturing of gluten-free foods.

You Can Also Get Absolutely Free Sample Copy @ https://www.millioninsights.com/industry-reports/pulse-flour-market/request-sample

Application Insights

Bakery & snacks were the largest segment in the market accounting for more than 85% of the market share in 2015. Rising awareness about consumption of healthy bakery products is anticipated to boost the consumption of pulse flour in this application segment.

Numerous private volunteer organizations and commercial food processors are working towards inclusion of pulse flour in formulations of beverages. Pulse flour demand has received a boost on account of growing application in infant formulations. It has also proven to be an effective alternative for children suffering from soy and lactose allergies.

Product Insights

In 2015, Chickpea flour products dominated the market globally by accounting over 30% share. The demand for this product is driven by its ability to control health issues such as obesity, diabetes, cancer and coronary heart disease.

Lentil’s rising utilization in combination with pea flour is anticipated to boost market demand over the forecast period. Many food products are reformulated using lentil flour to reduce carbon footprint in food and to increase protein quality.

Regional Insights

In 2015, Europe dominated the pulse flour market globally by accounting over 25% of share in terms of revenue. North America and Asia Pacific are key consumers of beverages. Rising consumption for sports and energy drinks are expected to witness a growth over the forecast period.

The Middle East & Africa is the fastest growing region on account of growing application of pulse flour in curries, soups, tajines, and hummus. Growing food services and retail sales coupled with high population growth in the region is likely to have a positive impact over the forecast period. The growing hospitality industry is in countries such as Morocco, UAE, Israel, and Egypt is expected to further augment market demand over the forecast period.

Competitive Insights

The key players in the market are Harvest Innovations, Parakh Agro Industries Ltd., CanMar Grain Products, ADM, Ingredion Incorporated, Best Cooking Pulses Inc., Ganesh Grains Ltd, Diefenbaker Seed Processers, and AGT Food & Ingredients.

Industry participants are adopting merger & acquisition and new product development strategies to strengthen their market position. In October 2014, Archer Daniels Midland Company acquired WILD Flavors GmbH in October 2014.

Access Full Research Report @ https://www.millioninsights.com/industry-reports/pulse-flour-market

Market Segment:

Global Pulse Flour Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
       • Pea
       • Lentils
       • Chickpea
       • Others

Global Pulse Flour Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
       • Bakery & Snacks
       • Dairy
       • Beverages
       • Others

Global Pulse Flour Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
       • North America
              • U.S.
              • Canada
       • Europe
              • Germany
       • Asia Pacific
              • China
              • India
              • Japan
       • Latin America
              • Brazil
       • Middle East & Africa

For More Information: www.millioninsights.com

Solar Control Glass Industry Analysis And Segment Forecast 2013-2024

Global Solar Control Glass Market is anticipated to reach USD 8.88 billion by 2024. Solar control glass implies a hi-tech product developed by the glass industry. It permits sunlight to pass through a window while radiating and reflecting away a certain amount of sun's heat. The factors that propel the growth of the solar control glass market include growing construction of residential and non-residential buildings, increased government initiatives and tax benefits, rising acceptance of solar control glass in cars, increasing consciousness towards carbon emissions, and high development in the building-integrated photovoltaic (BIPV) market.

On the other hand, there are factors that may hamper the growth of the market including high prices. Solar control glass industry is anticipated to grow at a significant CAGR of 9.3% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Request Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/solar-control-glass-market/request-sample

Solar control glass market may be explored by type, application, and geography. The market may be explored by type as Absorbing Solar Control Glass and Reflective Solar Control Glass. The “Reflective Solar Control Glass” segment led the solar control glass industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market include increasing concerns about high air conditioning costs and surge in a number of commercial buildings.

The key applications that could be explored in the solar control glass market include Residential buildings, Commercial buildings, and Automotive. The “Commercial Buildings” segment led the solar control glass industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market include surge in the direct commercial real estate investment in key countries such as New York, London, China, and Japan, increasing energy efficient schemes, and government protocols promoting energy competent buildings.

EMEA accounted for the major market share of the solar control glass in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include stringent regulations towards fighting climatic changes, growing construction projects, robust growth of the automotive industry in Germany, and rising demand for commercial buildings.

Some of the key players that fuel the growth of the solar control glass industry comprise PPG Industries Inc., AGC Glass Europe, Nippon Sheet Glass (Pilkington), Guardian Glass, CSG Architectural Glass, Saint Gobain, Asahi India Glass, Sisecam Flat Glass, ArconFlachglas-Veredlung GmbH & Co. KG, Euroglas GmbH, and Cardinal Glass Industries. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/solar-control-glass-market

Market Segment:

Application Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)

    • Commercial Buildings

    • Residential Buildings

    • Automotive

Regional Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • Japan

    • Latin America

        • Brazil

    • MEA

For More Information: www.millioninsights.com

Global Medical Specialty Bags Market Analysis, Share, Overview And Forecast To 2020

The global Medical Specialty Bags Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Medical specialty bags are uniquely designed bags that are used for various medical purposes such as blood storage, bile collection, urine collection, enteral feeding, and sterile packaging. Almost all healthcare facilities use these collectors on regular basis to protect patients and medical staff from infection. Every day, healthcare facilities such as hospitals and clinics generate tons of medical waste such as used syringes and blood socked cotton. Exposure to such medical waste can infect week patients and doctor present in healthcare facilities. Thereby, it is essential for medical facilities to use specialty bags.

Rising demand for surgical procedures owing to growing prevalence of chronic diseases is expected to impel medical specialty bags industry growth. Medical procedures such as blood transfusion and dialysis require huge amount of specifically designed bags. In addition, growing adoption of ostomy procedures to treat diverticulitis, inflammatory bowel disease (IBD), and colorectal cancer is driving demand market growth. Rising demand for environment-friendly to reduce amount of disposal during surgical procedures is anticipated to propel medical specialty bags market growth. Manufacturers are offering biodegradable and flushable pouch liners to ensure safety caregiver and patients. Moreover, supportive initiatives being taken by government and private organizations to promote use of eco-friendly medical disposables will drive the medical specialty bags industry over the forecast period.

Request Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/medical-specialty-bags-market/request-sample

To cater to rising demand for special bags, manufacturers are investing in R&D to develop innovative products. For instance, in May 2018, Punjab Pollution Control Board (PPCB) in India launched compostable bags for storage and disposal of biomedical waste in hospitals. The organization distributed these eco-friendly waste collectors to multiple hospitals in the state for trial. According to feedback received from the hospitals, bags are found to be strong and durable.

Product Insights:

Based on product, the medical specialty bags market is categorized into resuscitation bags, anesthesia, bile collection, sterile packaging, blood, intravenous, cadaver, enteral feeding, ostomy collection, enema, and continuous ambulatory peritoneal dialysis (CAPD). Ostomy collection segment is anticipated to dominate and account for largest market share over the forecast period. This is attributed to rising cases of IBD and colorectal cancer. In addition, growing geriatric population and rising health awareness is driving segment’s growth.

Disposable intravenous pouches are also getting popular among healthcare facilities owing to benefits such as effectiveness and biodegradability. Growing focus on use of eco-friendly materials will drive segment’s growth.

Application Insights:

On the basis of application, the medical specialty bags industry is classified into hospitals, healthcare institutes, surgical centers, and home healthcare. Surgical centers segment is expected to hold significant market share in the coming years. This is attributed to growing adoption of surgical procedures to get instant relief from pain. Intravenous fluid bags are used various applications including IV volumes hypovolemic state in patients and balancing the basal hydration level. In addition, they are used in medical procedures with convenience and ease to provide nutrition to patients.

Regional Insights:

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America is predicted to dominate and likely to account for largest market share over the forecast period. Supportive reimbursement policies and established healthcare infrastructure are driving regional market.

Europe, on the other hand, is expected to follow North America in terms of market share during next few years. Growing adoption of surgical procedures such as laparoscopy along with rising healthcare expenditure will drive demand for effective medical bags. Asia Pacific is anticipated to witness significant growth rate over the forecast period owing to government initiatives, rising population, and growing economies.

Some of the key players in the medical specialty bags market are Terumo Corporation, Coloplast A/S, Hollister Incorporated, Nolato AB, and Macopharma SA. Most companies are adopting business strategies such as merger and acquisition to expand their business portfolio. In addition, companies are using sophisticated tools and superior technology to develop quality products and to gain competitive edge over others.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/medical-specialty-bags-market

Market Segment:

Medical Specialty Bags Product Outlook (Market Revenue in USD Million, 2012- 2020)

    • Anesthesia breathing bags

    • Urinary collection bags

    • Bile collection bags

    • Sterile packaging bags

    • Blood bags

    • Ostomy collection bags

        • Single use bags

        • Multiple use bags

    • Enteral feeding bags

    • Cadaver bags

    • Resuscitation bags

        • Disposable bags

        • Reusable bags

    • Continuous ambulatory peritoneal dialysis (CAPD) bags

    • Intravenous fluid bags

        • PVC material based fluid bags

        • Non- PVC material based fluid bags

    • Enema bags

    • Ice bags

Medical Specialty Bags Regional Outlook (Market Revenue in USD Million, 2012- 2020)

    • North America

    • Europe

    • Asia Pacific

    • RoW

For More Information: www.millioninsights.com