Digital Breast Tomosynthesis (DBT) Equipment Market expected to grow at a CAGR of 13.9% in during 2016 to 2026
Digital breast tomosynthesis (DBT) or 3-D mammography new installations (includes new equipment and 3-D upgradation) expected to reach 4,547 units in 2016, up from 4,061 units in 2015. In terms of revenues, the global digital breast tomosynthesis equipment market is expected to reach 1,007.6 Mn in 2016, witnessing a year-over-year growth of 13.7%.
Limitations concerning the flat nature of images achieved through a 2-D full-field digital mammography (FFDM) is influencing end-users to adopt DBT equipment for diagnosis of breast cancers. Digital breast tomosynthesis enables radiologists to analyse abnormalities lucidly, helping improve detection rates while reducing callbacks. In the backdrop of these factors, demand for digital breast tomosynthesis equipment is witnessing an uptick, and the trend is expected to gain further momentum in the future.
Sales of DBTs have remained quite robust in the US in the recent past, making North America the most lucrative market globally. The market in the region is largely dominated by Hologic, Inc. although GE and Siemens Healthineers have also registered their presence by launching innovative DBT products at competitive prices. Total DBT equipment revenues in North America were pegged at 472.8 Mn in 2015, with the U.S. accounting for bulk of revenue share. New equipment installation base in North America is expected to reach 2,327 in 2016, up from 2,066 in 2015.
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In addition to North America, digital breast tomosynthesis sales are also growing steadily in Western Europe and APEJ. Revenues in Western Europe are anticipated to grow by 13.4% in 2016, whereas APEJ is expected to increase at 12.2%.
By end-users, hospitals account for higher demand for DBTs vis-à-vis diagnostic centres. Many hospitals are in the process of upgrading their existing mammography machines, owing to which demand for DBT equipment is growing at a steady rate. However, high costs, coupled with lack of awareness can impede adoption rates in both hospitals and diagnostic centres, and slow down the growth of the market globally. Installations of DBTs in hospitals totalled 3,020 in 2015, representing a market value worth 542.8 Mn.
Key players in the global digital breast tomosynthesis equipment market include Hologic Inc., GE Healthcare, Siemens Healthineers, Internazionale Medico Scientifica, Fujifilm, and Planmed Oy. The top 3 players – Hologic, Inc., GE Healthcare, and Siemens Healthineers collectively account for nearly 90% revenue share of the market.
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Long-term Outlook: In terms of revenues, the global tomosynthesis equipment market is expected to increase at 13.9% CAGR during the forecast period 2016-2026. Total installations of DBT equipment are anticipated to reach 17,700 units.
3D printing was pioneered way back in 1986 but has recently begun to enter the public consciousness. Over the past ten years, it has blurred the boundaries between science fiction and fact. It is also known as Additive Manufacturing and is used in the automobile industry, aerospace & defence, retail and in the medical healthcare industry, amongst many others. A major component of this is the 3D printed drugs market. 3D printing helps make what was once expensive and inaccessible much more cost-effective. Can this be more apt and necessary anywhere else than in the field of medicine? 3D printing is already used to print artificial bones, to create surgical materials with 3D scans to replace a damaged or missing bone and even to create hearing aid devices. Skull implants have been made for people with head injuries and even titanium heels to replace bone cancer afflicted patients.
3D-Printed Drugs Market Drivers
There are several factors which help the 3D printed drugs market to grow. One key advantage is their instantaneous solubility. 3D printed drugs are produced using powder bed inkjet printing. The elements of the drug are added in a layer by layer approach akin to 3D printing for any other device. This makes the drugs easier to swallow and can be very helpful for patients suffering from dysphagia. 3D printing could also augment the arrival of individualised drugs, or the creation of a combination of drugs. They could be customised for each patient, which would help much more than batch-produced drugs since they would be created specifically taking into account that patient’s medical history. The 3D printed drug market could also make children far less resistant to taking their required medication, since they may be able to choose the shape, colour, design and even taste of the tablet! These are anticipated to be the main drivers of the 3D printed drug market.
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3D-Printed Drugs Market Restraints
Any new technology adopted will inevitably have some downsides and it can sometimes be a race against time to anticipate and then mitigate them. With regards to the 3D printed drugs market, a 3D blueprint has to be made of the patient, their medical history, the dosage required etc. With many scandals surrounding hacking and phishing of data stored online & on the cloud entering the mainstream consciousness, patients might be reluctant to disclose their medical information for 3D printed drugs. Another issue could be regarding mislabelling of blueprints, filling the wrong description or even having a higher dosage strength than advertised. 3D printing becoming commonplace could also be used to print illegal drugs, which will do little to help authorities stop the thriving black market trade for them. The main challenge for the 3D printed drugs market, however, would be a lack of regulation. Most local, domestic and international regulatory bodies have no clear laws regarding 3D printing. There is a question concerning whom the liability will fall on should the drug lead to an adverse reaction – the 3D printing company, medicine Company, or the ingredients supplier. Global nature of drugs is also another problem. Drug companies involved in the 3D printed drugs market would need to ensure that the right packaging and user instructions are accessible. It can also be a major issue printing drugs in a country which has no clear laws regarding its approval.
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3D-Printed Drugs Market Key Regions
The major 3D printed drugs markets are the U.S and the E.U. This is because of the dominant role played by their pharmaceutical companies worldwide along with them having a strong domestic healthcare infrastructure. The pharmaceutical sector is highly dependent on R&D spending which also explains their continued dominance. Asia Pacific countries like China and India are expected to record the highest growth in the 3D printed drugs market due to massive investments in both R&D & the pharmaceutical industry.
3D-Printed Drugs Market Key Market Players
There is only one company involved in the 3D printed drugs market at present. Aprecia Pharmaceuticals successfully developed the world’s first 3D printed drug called Spritam. It has gained approval from the FDA and is on sale in the U.S market at present. The rapid advancement of the technology along with falling 3D printer prices will slowly but surely encourage other players to try their hand in the 3D printed drugs market.
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Pregnancy and fertility rapid tests are point of care tests used to qualitatively detect the presence of reproductive hormones, such as Follicle Stimulating Hormone (FSH), Luteinising Hormone (LH) and Human Chorionic Gonadotropin (hCG) hormone. Fertility rapid test kits can help find the exact day of ovulation or confirm the presence of menopause in women, while in males, they are used to detect the sperm count. These tests require small amount of blood or urine sample, depending upon the type of device being used; these devices work on colour changing immunoassay techniques. The global fertility and pregnancy rapid test kits market has been segmented on the basis of product type, test type, distribution channels, and region.
Market Value and Forecast
The global fertility and pregnancy rapid test kits market has been estimated to be valued at US$ 1,029.1 Mn in 2015, and is expected to expand at a 4.1% CAGR over the forecast period (2016-2026).
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Growth of the global fertility and pregnancy market is mainly driven by rising demand for fast and self-contained tests, growing incidence of infertility and gynaecological disorders, availability of decentralised diagnostic tests over time-consuming laboratory tests, and increasing first-time pregnancy age. Technological advancements and attractive product features such as smartphone app connectivity are also driving adoption of fertility and pregnancy rapid test kits.
However, paradox of choice due to availability of too many options in the market, low adoption of these products in countries having inherent potential, and device related issues and controversies can impede growth of the market.
Premier players in this market are employing strategies of creating alliances with e-commerce partners and maintaining distribution agreements with strong local players in regions such as Western Europe and APEJ to consolidate their position.
Market Segmentation By Product
Based on product type, the market has been segmented into pregnancy rapid test kits and fertility rapid test kits. Pregnancy rapid test kits product type segment is further classified as line-indicator devices (further sub-segmented into strip/dip sticks, mid-stream devices and cassettes) and digital devices, whereas, fertility rapid test kits product type segment consists of line-indicator devices and digital devices. In terms of value, pregnancy test kits segment is estimated to account for more than 55% market share in global fertility and pregnancy rapid test kits market, by 2026 end.
Market Segmentation By Test Type
On the basis of test type, the market has been segmented into LH urine test, FSH urine test, hCG blood test and hCG urine test. hCG urine test segment accounted for highest market share of 42.8% in 2015 and is expected to gain the market share over the forecast period. Increasing demand for hCG rapid test is attributed to rising incidence of gynaecological disorders and infertility rate across the globe.
Market Segmentation By Distribution Channels
On the basis of distribution channels, the market has been segmented into pharmacies, drugstores, gynaecology and fertility clinics, online sales and hypermarkets & supermarkets. Drugstores followed by pharmacies are the most preferred medium of distribution of fertility and pregnancy rapid test kits. However, increasing consumer preference for online sales channel which provides mail order requests, are expected to impart significant competition to these traditional channels in some of the regions such as North America and Western Europe.
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The global fertility and pregnancy rapid test kits market has been segmented into seven major regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, the North America market has been estimated to dominate the global fertility and rapid test kits market in 2016, and is expected to expand at a CAGR of 3.6% over the forecast period. APEJ, MEA, and Latin America are estimated to be the fastest growing markets among regional markets. APEJ market is expected to witness highest CAGR of 5.1 % over the forecast period. In North America, mid-stream line indicator pregnancy rapid test device sub-segment is expected to grow at faster rate to reach the value US$ 125.2 Mn by 2026 end. Market in Western Europe is expected to exhibit healthy CAGR owing to growing acceptance of digital devices in the region.
Some of the key players in the global fertility and pregnancy rapid test kits market include Alere Inc., Quidel Corporation, Prestige Brands Holdings, Inc., Church & Dwight Co., Inc., bioMérieux SA, Geratherm Medical AG, Abbott Laboratories, Procter & Gamble Co., DCC Plc., Swiss Precision Diagnostics GmbH.
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A hybrid vehicle is a vehicle that uses two or more distinct power sources to move the vehicle. For example, distinct power sources can be a combination of diesel and electricity, fuel cell and diesel, or gasoline and electricity. Due to their ingenious technology, hybrid vehicles provide various advantages to the end user.
Hybrids are not zero emission vehicles. The technology uses less fuel and emits less carbon into the atmosphere than most conventional, non-hybrid vehicles. Hybrid vehicles offer advantages such as reduced emissions, and improved fuel utilisation. The hybrid vehicle technology gives double the fuel efficiency of conventional vehicles, thus reducing dependency on fossils fuels to some extent.
Hybrid vehicles can be categorised based on their types such as series hybrid, parallel hybrid, two-mode or dual-mode hybrid cars, plug-in hybrid cars and series-parallel hybrid. In series hybrid vehicles,the propulsion source is an electric motor. Parallel hybrid vehicles use multiple propulsion energy sources. Series-parallel vehicles can operate either using an electric motor, or using aninternal combustion engine (ICE).
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Hybrid technology is used in passenger cars and commercial cars.According to the onboard energy sources, these vehicles could be segmented as ICE hybrids, diesel hybrids, fuel cell hybrids, solar hybrids (for example, racecars), natural gas hybrids, hybrid locomotive, and heavy hybrids (truck and bus).
The global automotive market is expected to grow at a CAGR of 6.3% from 2014 to 2020, but the global hybrid vehicle market is expected to grow at a much higher rate.Currently, the global hybrid vehicle penetration in the overall automotive productionis 3-5%, which has increased from 1-2% in 2012.
Industry experts believe that one in five vehicles sold around the world are expected to be powered by a hybrid powertrain in 2020. The volume of the global hybrid vehicles market is expected to double from 2014 to 2020. This will be due to research and development efforts by automakers towards efficient utilisation of fuel, and government initiatives to create awareness and acceptance of hybrid cars. However, the high cost of hybrid cars acts as an inhibitor to the market growth.
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Currently, Japan dominates the global hybrid vehicles market, followed by US and Europe. In future, APAC is projected to register the highest growth due to increase in automotive production, growing need for fuel efficient vehicles, and rising fuel costs.Developing markets like Brazil, India and China are expected to be markets with promising growth due to substantial automotive production and rise in per capita income of individuals in these countries.
The major players in thehybrid cars industry are Ford, General Motors, Honda, Lexus, Mercedes, Nissan and Toyota among the others.
Currently, Toyota and Honda are the industry leaders in hybrids, followed by Nissan. By 2015, Toyota plans to introduce 17 new or revised hybrid models. Top performing models of Toyota includes Prius C and Aquain Japan.The growing preference of sporty hybrids, such as the Lexus GS, Infiniti Q50 and Porsche Panamera is also expected to further drive growth in the hybrid passenger car sector.
The global market for hybrid electric vehicles from 2014 to 2020 is expected to grow. This is because consumers across the globe seek to lower their fuel expenditure and manufacturers are compelled by regulations to decrease vehicleCO2emissions. Promotional activities by automakers are likely to raise awareness regarding hybrid vehicles across the globe. The low emission internal combustion engine (ICE) is expected to be the dominant power source for hybrid vehicles.
Future demand for hybrid cars is expected to grow, particularly in the US and Japan, as prices of hybrid and other types of electric vehicles are expected to decline. Asia Pacific is expected to experience the highest growth, as it is still a underpenetrated region when compared to Japan and US.
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Amino resins are formed by the copolymerization of amino acids with an aldehyde. Based on the product types, amino resins are classified as urea formaldehyde, melamine formaldehyde and melamine urea formaldehyde. Amino resins are thermosetting resins which exhibit properties such as excellent tensile strength, resistance and hardness. They are mainly used as molding materials. Amino resins offer excellent functions to base materials such as increase in coating hardness and solvent resistance when combined with alkyd resins, polyester resins, epoxy ester resins and acrylic resins. Amino resins are majorly used as adhesives in wood panels such as plywood, MDF and particleboard, among others.
The global demand for amino resins is mainly dependent on the construction industry, coupled with the overall health of the regional economies. The high performance of amino resins when used in wood panels in terms of strength and resistance is expected to drive the amino resin market over the next few years. The growing demand for amino resins in paints and coating industry, used especially for automobiles, is expected to boost the growth of this market. Thus with the growing automobile industry, the amino resin market is also expected to grow substantially. Most of the amino resins manufactured in the industry are consumed in producing laminates which are used in the construction and furniture industries. However, stringent government regulations regarding the formaldehyde emission is a major restraint, hampering the growth of the market. The amino resins market is expected to witness a slow growth in the U.S. owing to the stringent regulations present in that region. Amino resins are also finding new applications in electrical, household appliances and sanitary ware.
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Asia Pacific is expected to witness huge demand for amino resins due to the growing construction and furniture industry in this region.China is expected to be the major consumer owing to the presence of huge secondary processed product industry. Europe is expected to be another major market for amino acids due to the huge demand for amino resins from growing applications such as laminates and wood adhesives. Increase in the consumption of the roofing mat in Europe is expected to further boost the overall growth of the amino resins market.European countries such as Germany, France, Italy and UK are expected to be the major consumers of amino resins.North America is expected to be the third largest market for amino resins. The U.S. is anticipated to be one of the major consumers of amino resinsin North America region. The amino resins market is expected to witness rapid growthowing to the increase in the demand for the roofing mat.The Rest of the World market is likely to exhibit a steady growth in the demand for amino resin during the forecast period. Latin America and the Middle Eastern countries are expected to show potential growth for amino resins market owing to the increase in the application of MDF and particleboard in this region.
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Amino resins market is highly fragmented in nature. Some of the major participants of the amino resins market includeBASF SE, Chemiplastica Spa, Advachem S.A., Georgia-Pacific Llc, INEOSMelaminesGmbh and Jiangsu Sanmu Group Co. Ltd., among others. These companies are mainly focused towards increasing their production capacities and introducing new and innovative products into the market in order to achieve competitive advantage. Companies mainly strive to develop products that would help in complying with the stringent formaldehyde emission regulations.
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Salt (Sodium Chloride) enhances the flavour profiles. A diet high in salt content can cause serious health issues such as high blood pressure which currently affects more than one third of the geriatric population globally. Hence, reducing the salt content in food has become a pivotal concern. Cutting back the added salt is a small part of the solution. Inclusion of salt content reducing ingredients has evolved as a major way out for this problem.
Salt content reduction ingredients are used to reduce or remove the salt content level from food. Sodium (NaCl) is considered as the most common salt present in food causing adverse effects to the human health. Salt content reduction ingredients are widely used in food processing industry. Amino acid, mineral salts, and glutamates are among few ingredients used to reduce salt content in the food. The global salt content reduction ingredients market is expected to increase at a significant rate in terms of value over the forecast period.
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Global Salt Content Reduction Ingredients Market: Market Dynamics
Increasing health awareness among consumer resulting in increasing demand for the processed food is expected to drive the global salt content reduction ingredients market over the forecast period. Food processing industry is anticipated to remain the major consumer of the salt content reduction ingredients and expected to drive the market growth during the forecast period. Strict regulatory guidelines towards the food processing is another factor driving the salt content reduction ingredients market. However, taste hindrance after the removal of salt content is expected to restrain the growth of the market. Moreover, salt reduction involves additional processing cost which increases the overall cost of the product, is another factor expected to restrain the growth of salt content reduction ingredients market.
Global Salt Content Reduction Ingredients Market: Segmentation
Global salt content reduction ingredients market can be segmented on the basis ingredients and by application. On the basis of ingredients, global salt content reduction ingredients market can be segmented into amino acids, mineral blends, yeast extracts and others. In addition to this, mineral blends can be sub segmented into magnesium sulphate, calcium chloride, potassium chloride, potassium sulphate and potassium lactate. The others segment include vegetable protein, nucleotides and trehalose.
On the basis of application, the global salt content reduction ingredients market can be segmented as bakery & confectionary products including dairy & frozen foods, butter/cheese products, meat products, snacks, sauces and other application.
Minerals products are widely used by processed food manufacturers due to their easy availability, low cost and ability to replace common salt such as NaCl. They are used in food processing industry to meet the regulatory and flavor requirements.
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Global Salt Content Reduction Ingredients Market: Regional Outlook
Global salt content reduction ingredients market can be divided into seven major regions including North America, Eastern Europe, Asia Pacific, Japan, Latin America, Western Europe and Middle East and Africa. The salt content reduction ingredients market in Asia pacific, North America and Europe are anticipated to contribute a major share to the global salt content reduction ingredients market. Strict regulatory guidelines in these regions are expected to be major reason for rise in demand for salt content reduction ingredients market.
Global Salt Content Reduction Ingredients Market: Key Players
Various key players involved in the production and supply of salt content reduction ingredients includes Cambrian, Associated British Foods plc, Advanced Food Systems Inc, DuPont, Jungbunzlauer Suisse AG, Givaudan, Royal DSM N.V, Cargill Inc., Sensient Technologies Corporation, and Innophos Holdings Inc among others.
Dietary Fiber is a kind of carbohydrate which is derived from fruits, vegetables and cereals. It is primarily of two type soluble dietary fiber and insoluble dietary fiber. Insoluble dietary fiber cannot dissolve in water. It enables to promote regularity & healthy digestive system. Soluble dietary fires are found in fruits, vegetables, legumes such as beans, peas and others. Primarily it enables to control sugar level, cholesterol level and reduces the risk of getting intestinal ulcers. Insoluble dietary fiber has wide application in food & beverages industry which is expected to support the market growth in the near future. Moreover, insoluble dietary fiber has various health benefits, thus rising consumer preferences towards the consumption of healthy diet is further expected to support the market growth during the forecast period.
Soluble Fiber Market Segmentation
On the basis of type the soluble dietary fiber can be segment as insulin, polydextrose, pectin, beta-glucan and others. Among all these segment beta-glucan is expected to account for the major market share followed by polydextrose. Increasing usage of beta-gtlucan in functional food is expected to support the segment growth during the forecast period. Moreover, pectin is also expected to account for a sustainable growth in the forecast period. Pectin enables to control the sugar level in the body, thus increasing usage of pectin by the manufacturers who seeking to offer products which can control diabetes in the human body is expected support the segment growth over the forecast period.
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On the basis of source soluble dietary fiber is segmented as oats, barley, chia seeds, legumes and others. Among all these segment oats and barley is expected to account for major share in terms of volume. Easily availability of raw material at low cost is expected to support these segment growth in the market over the forecast period.
Soluble dietary fiber can also be segmented on the basis of application segment. This includes functional food, feed industries, and pharmaceutical industries. Among all these application segment functional food is expected to account for the major share followed by pharmaceutical industry. Rising awareness among the consumer for food products with health benefits is expected to support the growth of soluble dietary fiber through functional food in the forecast period. Moreover increased intervention of feed industry, as the consumer around the globe is looking forward for good quality of edible food product for farm animals is also is also expected to support the demand of soluble dietary fiber through feed industry.
On the basis of geography, globally North America is expected to contribute to the highest in terms of market share in soluble dietary fiber market followed by Europe. In North America countries such as United States is the major contributor soluble dietary fiber market followed by Canada. Increasing health consciousness coupled with increasing demand of functional food among the people in American countries is driving the growth of soluble dietary fiber across the region. In Europe, countries such as Germany accounts for the largest market share followed by United Kingdom. Whereas, Asia pacific is concerned it is expected to register a double digit CAGR growth by 2026. In Asia pacific region China is expected to be the most dominant market for soluble dietary followed by Japan. Rising awareness among the consumer for healthy lifestyle through various government educational campaign is has led the consumer to get inclined towards healthy eating habit which is fuelling the growth of soluble dietary fiber across the region in the forecast period. Moreover, rising number of aging population are seeking for healthy alternatives in order to prevent and control diseases which is further expected to fuel the growth of soluble dietary fiber across Asia Pacific region.
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Soluble Fiber Global Market Trends and Market Drivers:
The rising demand for functional foods coupled with increasing health consciousness among the people in developed economies is supporting the growth of soluble dietary fiber market during the forecast period. In emerging economies, rising disposable income and growing awareness of consumers through various government campaign towards having a healthy eating habit is further expected to drive the market growth in the near future. In addition, rising prevalence of several health disorder such as including coronary heart disorder, diabetes, gastro-intestinal troubles, obesity, and cholesterol and others are shifting consumer preference towards intake product comprises of soluble dietary fibers.
Government across the globe is actively participating in promoting the consumption of dietary fiber which is an emerging trend in the market. For instance, in 2015 government in U.K. published new guidelines on carbohydrates and health which recommends that the population in the country should increase fiber to 30gm a day for adults and 25gm per day for those lying below the age of 18 years. This has led the manufacturers to produce and offer products with high fiber content.
Soluble Fiber Market Key Players:
Key global market players manufacturing soluble fiber for different applications include Tate & Lyle, Huachang Pharmaceuticals, Danisco A/S, NEXIRA, INGREDION, Sunopta Inc. and Archer Daniels Midland Company among others.
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The heat recovery system generator is an energy recovery heat exchanger designed to recover the waste or exhaust heat from any power generation plant. Heat recovery system generator produces steam by utilizing exhaust gas which can further be used for captive power generation or cogeneration. Heat recovery steam generators improve the system efficiency from 35-40% when used in cogeneration, also called as simple cycle or open cycle. The efficiency improvement levels could also reach in between 55% and 60% when used in combined cycle.Heat recovery steam generator market is witnessing significant growth since past few years due to increasing concerns over energy savings, carbon emissions reduction and improving process efficiencies.
Heat recovery steam generators find their major use in energy sector such as thermal power plants and industrial sector. Fundamental components of heat recovery steam generator are evaporators, economizer, superheaters or reheaters and preheaters. On the basis of circulation types, the heat recovery steam generator market can be segmented into natural circulation, forced circulation and once through. Heat recovery steam generators are usually bulky and are typically complex in design and manufacturing which turns out to be a major challenge for its manufacturers in the global heat recovery steam generators market. These generators are therefore supplied in different modulesto reduce shipping problems. However, packaged heat recovery system generators are supplied as fully assembled unit which are typically suited for 20MW applications.
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The heat recovery system generator market can be segmented based on the direction of exhaust gas flow and the number of pressure levels. Based on the flow of exhaust gas heat recovery system generator market can be further categorized as vertical and horizontal types. Based on the number of pressure levels heat recovery system generator market can be categorised as single pressure and multiple pressure.
The key drivers identified in heat recovery steam generator market are the growing need for energy efficient sources, allocation of government incentives for achieving better energy efficiency levels, reduction in carbon emissions, proposed investment plans in energy sector by government and major companies. However, high capital cost and limited product differentiation are the key challenges faced by heat recovery steam generator manufacturers.
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Developing countries are expected to show high demand in global heat recovery steam generator market.Asia Pacific region, particularly India and China are expected to be high potential markets. Asia Pacific heat recovery steam generator market is marked with presence of number of market participants including component manufacturers, installers, designers, assemblers and end-to-end solution providers giving rise to high degree of fragmentation in the heat recovery steam generator market. With rise in power consumption owing to infrastructure development and improving standard of living in Asia Pacific and Middle East & Africa the demand is expected to grow in these regions. Heavy investment in Middle East & Africa and investment in combined cycle power plants in Iran and UAE are some of the underlying drivers in heat recovery steam generators market.
Some of the examples of key market participants in global heat recovery steam generators market are Alstom SA, Thermax Ltd., Doosan Heavy Industries & Construction Co. Ltd., SofinterSpA, Technology Transfer Services, Foster Wheeler AG, CMI Group, Mitsubishi Heavy Industries, AE&E Australia Pvt Ltd. and Bharat Heavy Electricals Ltd.
According to a recent market report published by Future Market Insights titled “Disc Printers Market: U.S., Europe & Japan Industry Analysis & Opportunity Assessment, 2016-2026” the U.S., Europe & Japan disc printers market was valued at US$ 929.6 Mn in 2015, and is expected to register a declining CAGR of -3.0% from 2016 to 2026. Increasing demand for online media content, continuous adoption of cloud-based storage services and other media storage devices, high raw material cost and technological innovation with efficient alternatives for accessing data are the major factors affecting the growth of the disc printers market in U.S., Europe & Japan.
Disc printing is the process of printing text, data or images on the surface of the optical disc. Two different approaches for printing CD-R on-demand are – Thermal disc printing and Inkjet disc printing. A thermal disc printer employs pressure and heat to apply text and graphics to the disc surface. The print surface of thermal printed discs is more durable. Thermal disc printing produces colour custom labels that are waterproof, scratchproof and do not require any additional coating. However their colour printing capability has limitations that preclude its use in cases when label has complex colour graphic content. Inkjet printers utilise a mechanism in which the print head has several tiny nozzles/jets that spray ink onto the disc, as the disc moves past the print head, forming the characters or images. Inkjet disc printers may employ a single cartridge for different colours or several cartridges, with one for each colour depending upon different models, and are priced accordingly.
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The U.S., Europe & Japan disc printers market is categorised on the basis of printer type as thermal disc printers and inkjet disc printers. On the basis thermal disc printers, the market is further segregated on the basis of technology (direct thermal printing and thermal retransfer & dye-sublimation printing) and ribbon type (monochrome black, colour and photo). On the basis of inkjet disc printers, the market is further segregated on the basis of technology (continuous ink technology and drop on demand technology) and head design (fixed head and replaceable head).
- The inkjet disc printers segment is a major segment offering 55% market revenue in 2015
- The thermal disc printer sub-segment was valued at US$ 418.3 Mn in 2015 and is anticipated to register a CAGR of -2.5% during the forecast period
- The inkjet disc printer sub-segment was valued at US$ 511.3 Mn in 2015 and is anticipated to register a CAGR of -3.4% during the forecast period.
Regional market projections
This report also covers trends driving each segment and offers analysis and insights regarding the potential of thermal and inkjet disc printers in regions including U.S, Western Europe, Eastern Europe, and Japan. Among these regions, Western Europe accounted for the largest market share in 2015. This is majorly due to inclination of service providers towards offering packaged services such as disc printing, duplication and packaging services, in turn allowing key players to attract price-sensitive customers and gain the competitive advantage in the long term.
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Some of the key market players identified across the U.S., Europe & Japan disc printers market value chain are Rimage and Formats Unlimited (MF Digital) that are operating in both the thermal printing and inkjet disc printing market. TEAC America Inc. and Microboards Technology are specifically operating in the thermal disc printers market while Seiko Epson Corporation and Primera Technologies Inc. are specifically operating in the inkjet disc printers market.
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Scientific text analytics refers to the process of analyzing unstructured raw data, extracting relevant information from it and transforming it into useful business information. An annotator is something that can supply or furnish critical or explanatory notes or comments. Text analytics and annotators combined together can help companies in fetching relevant information from a large amount of data by capturing certain keywords, phrases, classifications or entities which help them in determining the sentiments of user.
The various steps that are carried out in text analytics is text identification, text mining, text categorization, text clustering, search access, entity/relation modeling, link analysis, sentiment analysis, summarization and visualization.
There are varied application of text analytics which are listed below:
- Sentiment analysis
- Search access of unstructured data
- Email spam filters
- Automated AD placement
- Social media monitoring
- Competitive intelligence
- Enterprise business intelligence and data mining
- E-discovery, records management
- National security and intelligence
- Competitive intelligence
- Scientific discovery
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Few of them which are commonly used are:
- Sentiment Analysis: Suppose there is an online portal for garments. There is an online submission form for customers to send in their feedback regarding their purchase. The owner would like to find out the response (positive and negative) of all its customers. In this case they can make use of text analytics tool to find out the sentiment of the customer; whether they are satisfied or dissatisfied with the product.
- Topic modeling: It is a technique for finding out most commonly used (discussed) themes from a vast array of topics. It is mostly used by legal firms for digging out information regarding a high profile case.
- Named entity recognition: It basically tries to recognize nouns which could be a person’s name, country, organization, date, monetary amounts, or the likes of it.
Scientific Text Analytics and Annotators Market: Drivers and Challenges
The scientific text analytics and annotators market is expected to rise in the future as solution providers are merging big data with text analytics which can be used across various sectors such as healthcare, finance, banking, retail, government, and many more. Organizations can benefit by getting a competitive edge over their competitors, or understand their current target market in a better way; for example – through social media tracking, a retail company can find out whether its customers are satisfied with its new product by tracking certain keywords or phrases.
Also, cloud-based text analytics solutions are rapidly growing in the market as companies are themselves going through a transformation (due to digitization). Also, many small and medium scale enterprises find cloud-based solutions to be more economical as they require less storage space and lower maintenance cost.
Another market driver is that text analytics tool can break the language barrier. The emergence of multilingual text analytical tools has helped multi-national companies in gathering data and interpreting information in a more efficient manner. Also, every business has its own set of requirements and applications. There is an increase in industry-specific text analytics tools which has led to many companies adopting this solution.
One of the challenges faced is sometimes a customer tends to be sarcastic while commenting on social media platform, or during a customer service call, they seem to be agitated (the reason could be altogether different), the text analytics and annotator tool might not be able to capture the true sentiment of the customer. This is due to lack of such level of advancement in the solution which can lead to wrong interpretations.
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Scientific Text Analytics and Annotators Market: Segmentation
Segmentation On The Basis Of Deployment Type:
Segmentation On The Basis Of Application:
- Marketing and Customer Experience Management
- Data analysis and forecasting
- Enterprise Information Management
- Other industry specific applications
Segmentation On The Basis Of End-User:
Banking, Financial services and Insurance, healthcare, retail, military and defense, IT and telecom, entertainment and media and Others (Transportation, Hospitality, Automotive).
Key Market Players
The major players active in the Global Scientific text analytics and annotators market include SAS Institute Inc., IBM Corporation, SAP SE, MeaningCloud LLC, Smartlogic, Lexalytics, Provalis Research, OpenText Corporation, Pingar, AlchemyAPI and RapidMiner, Inc..