Increasing responsiveness among consumers pertaining to safe usage and advantages of anti-aging and skin rejuvenation energy based aesthetic devices along with extensive inclination towards minimally invasive aesthetic treatments are the key factors that are anticipated to drive the growth of global anti-aging and skin rejuvenation energy-based aesthetic devices market.
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The global wound care biologics market has been driven by several key factors, predominantly increasing geriatric population and increasing incidence of burn injuries. Moreover, increasing awareness for wound care management, growing prevalence of ulcers and target conditions across the globe is propelling the demand for wound care biologics. The development of technologically advanced products is also one of the key growth drivers for the global market as conventional methods of wound management are being rapidly replaced by technologically advanced products for effective and faster healing.
Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems are suitable for the predetermined purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company. Quality control directly supports other factors such as cost, productivity, on-time delivery, and market share.
The COVID-19 pandemic resulted in a short-term decline in demand and revenue in the first quarter of 2020. Moreover, TIC is playing a crucial role by offering assurance that the products and services offered to the customers will provide safety and health standards. Business organizations in the TIC market are intensifying IT infrastructures and developing business continuity plans, implying that the testing, inspection, and certification market are holding the substantial potential to bounce back from the COVID-19 outbreak. This is due to the fact that TIC services will enhance and protect b
Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems are suitable for the predetermined purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company. Quality control directly supports other factors such as cost, productivity, on-time delivery, and market share.
Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems are suitable for the predetermined purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company.
The automotive industry has witnessed a revolution owing to the emergence of autonomous vehicles as they provide various benefits such as safety, decrease in fuel consumption, traffic congestion, and emissions. They contain various sensors and require electric connections and terminals to operate such advanced features, which will drive the growth of the drive by wire market. Moreover, the stringent vehicular emission norms, growth of connected infrastructure, growing demand for passenger comfort will fuel the growth of drive by wire market.
The key factor driving the growth of the geotechnical instrumentation and monitoring market is the growing infrastructure development globally. The global construction market is anticipated to reach USD 13.5 trillion by 2024 owing to major investment in countries like China, India, and the U.S. Moreover, geotechnical instruments are required in the planning phase of the development of skyscrapers, expansion of roads and rails for commutation facilities will drive the growth of the geotechnical instrumentation and monitoring market.
Micro server has limited applications, limited storage capacity, not able to handle large volumes of data in large enterprises owing to small data storage capacities are the challenges faced by the micro server IC market. Moreover, large enterprises choose traditional enterprise-class servers instead of micro server ICs which act as a restraint for micro server IC market.
The huge capital investment and rigorous governance will hamper the growth of the market. With the increasing use of advanced technologies such as microprocessors and service-oriented architecture (SOA), and the increasing need to integrate various IEDs in substations, the cost of purchasing these substations has increased. The COVID-19 outbreak has slowed down the growth of the power generation industry and renewable energy sector.
The growing government-enforced regulations, considerable industry standards, certification requirements, and huge penalties against non-compliance parties are projected to drive the demand for TIC in the oil & gas industry. Moreover, the increase in attention of manufacturing companies to offer quality products will enhance customer retention, innovation, digital transformation, increasing exploration of unconventional gas resources, mounting demand for interoperability testing for connected devices and IoT, globalization, and rise of global trade will boost the growth of the TIC market in t
Geographically, APAC is anticipated to have a high CAGR during the forecast period owing to the rising investment in R&D, rapid urbanization & industrialization, huge manufacturing capabilities and exports, rising per capita income among the middle-class population, improved lifestyles, and increasing consumer awareness about the importance of quality certification, testing, and inspection.
Key players are adopting technological changes to improve their product portfolio and generate new revenues, optimize the operational cost, and enhance service efficiencies via process upgrades. The industry players are taking the COVID-19 crisis as an opportunity to restructure and revisit their existing strategies, focus on new services and delivery models to access the demand for rising automation, remotely-performed services, and enhanced digitization.
The business enterprises have started opening development centers in new locations to enhance market penetration which helps in building business relations with customers and clients. Moreover, the industry players in the TIC market have started building strategies like mergers and acquisitions, product innovation, and geographical expansion to hold a major share in the TIC market.
Key players are adopting technological changes to improve their product portfolio and generate new revenues, optimize the operational cost, and enhance service efficiencies via process upgrades. The industry players are taking the COVID-19 crisis as an opportunity to restructure and revisit their existing strategies, focus on new services and delivery models to access the growing demand for automation, remote service execution, and improved digitization.
Based on surgery type, the global minimally invasive neurosurgical systems market is segmented into intracranial surgery, endonasal neurosurgery, and spinal surgery. Intracranial surgery accounts for the highest market share in 2020 owing to the rising number of surgeries of brain and increasing cases of brain disease. Endonasal surgery is anticipated to have the fastest CAGR owing to the rapid recovery time and decreased risk of neurological damage.
Based on technology type, the global roboticare market is divided into autonomous technology and semi-autonomous technology. Among these technology types, semi-autonomous technology is growing significantly owing to the adoption of robotic assistance in minimally invasive surgeries as they help surgeons to perform complex micro-procedures without making large incisions. Service robots can reduce the burden of healthcare workers as they can autonomously handle routine logistical tasks and can send a report after completing the task.
The COVID-19 pandemic has led to economic turmoil, various countries are working towards game-changing improvements to protect their employees and clients. The COVID-19 has negatively affected the global 4K medical imaging market owing to disruption in the supply of imaging devices, demand for medical imaging like MRI has also gone down resulting in the reduction in the slowdown in the business for the 4K medical imaging market.
Based on product type, the next-generation ultrasound systems market is segmented into diagnostic ultrasound systems and therapeutic ultrasound systems. The therapeutic ultrasound systems further are divided into high-intensity focused ultrasound, extracorporeal shock wave lithotripsy, and doppler ultrasound. Doppler ultrasound is anticipated to witness the largest share during the forecast period as it can show sharper images in a short period of time.
Based on the application, the global haptic feedback surgical environment is bifurcated into surgical robotics systems and medical simulators. Surgical robotics systems are growing significantly during the forecast period in the haptic feedback surgical environment as surgical robotics systems reduce patient trauma, less recovery time, decrease energy consumption during operation and reduce the overall cost.