ReleaseWire Connect

The market for home healthcare involves broad range of the medical devices, which help the patients to diagnose or treat various chronic diseases. The home healthcare devices play a crucial role in providing the cost-effective healthcare treatments to patients. These devices provide beneficial business opportunities owing to the rising acceptance, technological advancements and cost-effective alternatives of these devices as compared to the other treatment modalities (hospital treatment). The Asia-Pacific home healthcare market is growing at a promising CAGR due to the increasing aging population and rising number of individuals diagnosed with the chronic illness such as cardiac disorders, diabetes and various respiratory diseases. In addition, the Asia-Pacific home healthcare devices are still at the nascent stage in developing regions such as India and witnessing the lucrative growth rate during the analysis period. These factors would fuel the requirements of home healthcare devices during the study period, and hence will boost the market growth. However, the high cost coupled with the reimbursement issues related with adoption of home healthcare devices would restrain the market growth.

Smart Material Market Report, published by Allied Market Research, forecasts that the global market is expected to $72.63 billion by 2022, registering a CAGR of 14.9% during the period 2016-2022. In the year 2015, Asia-Pacific was the highest revenue-generating region, owing to high adoption of products developed by using smart materials in various end-user industries such automotive, manufacturing, construction, and defense along with large number of small players offering smart materials. Furthermore, the region is projected to continue its dominance throughout the forecast period, due to increasing adoption of Internet of things (IoT) applications. North America was the second largest market, in terms of revenue generation, followed by Europe. Major factors that boost the smart material market in Asia-Pacific region include growing geriatric population, declining prices of smart materials, and improving standards of living in countries such as India, China, and Japan. In addition, evolution in IoT and increasing demand for connected devices are projected to drive the market growth worldwide.

Nephrology and urology devices are medical devices that are used for the treatment of urinary system and kidney diseases such as chronic kidney diseases (CKD), urinary incontinence and pelvic organ prolapse, kidney stone, benign prostatic hyperplasia (BPH) and end stage renal disease (ESRD). According to WHO, more than 190 million patients suffer from chronic renal failure and undergo renal dialysis and over 220 million males suffer from diseases associated with prostate glands such as swelling that results in blockage of the flow of urine through the body. This rising incidences of kidney and urology diseases has shifted the inclination of physicians towards use of highly advanced nephrology and urology devices that significantly reduce treatment and recovery time.

Global Activated Carbon Market Report, published by Allied Market Research, forecasts that the global market is expected to garner 2,776 kilo tons and $5,129 million by 2022, registering a CAGR of 6.83% and 9.32% during the period 2016-2022. Water treatment occupied a dominant two-fifths share of the total market in 2015 and is expected to maintain the lead throughout the forecast period. By type, powdered activated carbon segment accounted for more than half of the market revenue in 2015.

Asia-Pacific Smartwatch Market Report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $28,596 million by 2022, registering a CAGR of 69.8% during the period 2016-2022. The increase in the number of smartphone users, technological advancements, and rise in demand for high-end devices lead the market growth to a significant extent in the Asia-Pacific region.

Cyber Security Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $198 billion by 2022, registering a CAGR of 15.5% during the period 2016-2022. The BFSI and public sector is expected to dominate the global cyber security market. In the year 2015, North America was the leading contributor to the global revenue, and Asia-Pacific is projected to be dominant by 2022.

Computer Numerical Control (CNC) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18,293 million by 2022, registering a CAGR of 5.5% during the period 2016 - 2022.The industrial machinery sector is expected to dominate the global CNC market during the forecast period. Europe is expected to be the leading contributor to the global revenue during 2016 to 2022.

Hernia Repair Devices and Consumables Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $6.1 Billion by 2020, registering a CAGR of 6.5% during the period 2014-2020. Consumables (mesh, staple and tacks) segment would continue to be the leading segment of the global hernia repair market in 2020, largely due to the augmentation in hernia cases, recurrence rate and emergence of advanced meshes.

Medical Implants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $116 billion by 2022. Orthopaedic implant is expected to continue generating high revenue throughout the forecast period. North America led the market in 2015 and is expected to remain dominant during the study period.

Global COPD and Asthma Devices Market is expected to reach $41,355.2 million by 2022, according to a new report by Allied Market Research . The drug powder inhaler was the highest revenue-generating segment, accounting for over half of the share in 2015. This segment is expected to maintain its dominance throughout the forecast period.