Increase in funding by public and private bodies for conducting research on ocular disorders with the presence of strong emerging pipeline drugs are some of the factors responsible for the growth of ophthalmic therapeutics market.
The market is majorly driven by the growing construction industry across the globe. Technological innovations involving construction composites have led to the use of the product as replacement for aluminum and wood.
The rising demand for streamlining electronic healthcare systems along with technological advancements in the field of healthcare information technology (IT) is expected to be a key factor contributing to the market growth.
The industry is expected to witness a high growth on account of growing consumer’s health consciousness and hectic lifestyle. These beverages are intended to give instant energy along with providing mental and physical stimulatio
Rising prevalence of neurodegenerative, orthopedic, oncology, and genetic diseases coupled with advances in gene therapy, tissue engineering, and nanotechnology to support regenerative therapies are expected to boost revenue growth.
The vertical integration in the LiDAR market provides numerous advantages, including reduced manufacturing and delivery times, low costs due to access to competitive international labor markets, and direct sourcing of raw materials.
The growing trend of miniaturization has resulted in the development of small radar cameras and sensors that are commonly attached to large satellites for producing high-quality images of the earth’s surface.
The innovation of new machines such as EBLOW (the newest EBLOW 37), which is an energy-efficient blow molding equipment developed specially for manufacturing canister, has helped the packaging industry.
Various initiatives undertaken by the government to mandate safe healthcare practices for livestock and companion animals are some of the key factors driving the veterinary vaccine industry, of which, FMD vaccines capture a significant share.
In addition, favorable government initiatives pertaining to the development of healthcare infrastructure and incorporation of information technology in existing establishments are expected to fuel industry growth over the forecast period.
The rising demand for features, such as keeping track of heart rate, distance covered, workout time, and calories burned,offered by fitness trackers is likely to propel the global smart fitness devices market over the forecast period.
In addition, patent expiration for leading products in the market is leading to the shrinkage of profit margins. Furthermore, the high entry barriers are discouraging the new players to enter the market.