Techno Research

  The  Asia Pacific vapor deposition equipment market  size is anticipated to reach USD 19.15 billion by 2028, registering a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing semiconductor manufacturing coupled with rising demand for solar PV products in Asia Pacific is anticipated to drive the market growth. The rapid growth in the medical device industry, attributed to the increased investments in medical infrastructure during the pandemic, is expected to have a positive impact on the market. The medical device manufacturers are in need of wear-resistant and biocompatible coatings, which are provided by vapor deposition technology.   Ongoing developments and innovations in connectivity, communications, advanced software, the automotive industry, and data centers are projected to create a substantial demand for microelectronics in the region over the forecast period. This, in turn, is expected to have a posi...

  Exoskeletons find their application in healthcare, military, and industrial applications. The increasing geriatric population, rising prevalence of stroke and spinal cord injuries, and increasing adoption of the exoskeleton systems for reducing accidents in the workforce across different industries are some of the major factors supporting the growth. According to the 2020 statistics by NSCISC (National Spinal Cord Injury Statistical Center), every year, around 17,810 new spinal cord injuries occur in the U.S. These systems are beneficial in providing rehabilitation to patients suffering from spinal cord injuries and positive inferences from studies are anticipated to support the market growth. For instance, a study published in Springer Nature in 2022 demonstrated positive results in patients with chronic spinal cord injury that were utilizing exoskeleton technology. Authoritative Research: Exoskeleton Market In addition, stakeholders operating in the exoskeleton industry ar...

  Healthcare analytics is witnessing exponential growth due to the high adoption of digitization in healthcare, increased healthcare IT expenditure & infrastructure, and the emergence of entrepreneurial ventures addressing several different niches of healthcare IT. Advancements in healthcare analytics such as the development of descriptive and predictive analytics used in managing clinical trials, regulatory compliance, organizing supply & demand chains, and pharmacovigilance. Implementation of advanced analytical solutions enables the healthcare fraternity to predict high-risk populations and strategize action plans accordingly. According to a study by JAMA Network in the U.S. on COVID-19 patients admitted to hospitals, data points on admission were collected, collated, and analyzed to understand the underlying risk factors more accurately & closely. Moreover, the CMS is developing next-generation predictive analytics, which will boost the usage of predictive analytic...

  The electric excavator sales witnessed strong demand in 2021, owing to increased demand for midi and mini excavators across Europe and China. Additionally, economies worldwide are taking necessary initiatives to attain net-zero emissions resulting in increasing demand for electric vehicles from the construction sector.  Similarly, rental companies recognized that powertrain electrification is a key technology to lower the emission from construction machines which further favors the market growth. Despite COVID interruptions, manufacturers are shifting their focus to electric equipment. This shift is trending, increasing emissions standards is a prime thought interest in battery-powered equipment has increased. Electric machines also offer some frantically needed solutions, including reducing noise and safely working indoors. It also offers to enable to work anytime, anywhere – even at odd hours. Battery-powered machines are nearly silent and allow contractors to work in bus...

  The global  swine vaccines market  size is expected to reach USD 2.09 billion by 2028, registering a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of diseases, a surge in the demand for animal protein, and growth in R&D expenditure for vaccines innovation are driving the market growth. Porcine Parvovirus (PPV), Porcine Reproductive and Respiratory Syndrome (PRRS), Porcine circovirus type 2 (PCV2), Foot & Mouth Disease, Classical Swine Fever, and others remain to be extremely prevalent diseases in pig farms affecting economic losses.   The COVID-19 pandemic directly or indirectly impacted the business, results of operations, and financial conditions of market players. The Animal Health business was confronted with various production and supply bottlenecks because of the COVID-19 pandemic; this consists of delays in the delivery of raw materials and active ingredients and capacity const...

  The global  companion animal medicine market  size is anticipated to reach USD 32.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.6% from 2021 to 2028. The key factors driving the market for companion animal medicine include the rising pet population, the prevalence of diseases, and the availability of pet insurance. In Canada for example, 58% of households owned at least one dog or cat in 2020, according to the Canadian Animal Health Institute (CAHI). CAHI also reported a surge in feline vet visits following the start of the COVID-19 outbreak in 2020.   The COVID-19 pandemic notably affected the market for companion animal medicine. The impact included dampened sales, supply chain challenges, operational hurdles, fall inpatient visits, and reduced demand. Elanco for instance reported a 20% decline in revenue during Q2 2020. The company’s companion animal segment, in particular, was adver...

  The global  surgical simulation market  size is expected to reach USD 835.2 million by 2028, registering a CAGR of 16.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising preference for minimally invasive surgical procedures, increasing focus on patient safety, and growing geriatric population are boosting the market growth. With the growing geriatric population, the problem of surgery for these patients has become increasingly important. With the constant aging population, there arises a need for technology-driven surgical simulation to help avoid or diminish medical errors during surgeries, which, in turn, is contributing to the market growth.   During the COVID-19 pandemic, VirtaMed occupied their simulators on ‘tour’ frequent times to support continuing medical education and supply workshops for residents across France, Switzerland, and Germany. In February 2021, the company started its third tour and training initiativ...