A comprehensive study of Cardiac Implant Devices Market

Introduction:

By the end of 2024, the global market size for cardiac implant devices market is projected to grow with a CAGR of 4.30 percent to reach USD40.300 billion from USD31.300 billion in 2018. Cardiovascular implants are sophisticated devices used to treat heart diseases. Cardiac diseases are a major cause of death globally. But due to technological advancement in medical science, there is an increasing number of patients living with cardiovascular diseases. The market for cardiac implant devices is expected to have a significant growth rate driven by the rising prevalence of heart diseases and growing healthcare expenditure. The growth in the geriatric population is expected to further fuel the market growth as cardiac diseases are mostly age-associated. Technological advancement in the field of medical devices is also expected to drive the cardiac implant devices market growth.

Rising prevalence of heart diseases:

According to data by the World Health Organisation, 17.9 million people die each year from cardiovascular diseases (CVD), an estimated 31% of all deaths worldwide. Four out of five CVD deaths are due to heart attacks and strokes. A substantial number of these deaths can be attributed to tobacco smoking, which increases the risk of dying from coronary heart disease and cerebrovascular disease 2–3 fold. Physical inactivity and unhealthy diet are other main risk factors which increase individual risks to cardiovascular diseases. Implantable medical devices are increasingly being used for the treatment of these diseases. Cardiovascular IMDs are regarded as the most sophisticated IMDs to date. As these devices are implanted inside the body, the patients do not need to be hospitalized for long periods of time and can even be remotely monitored. The implementation of more IMDs with communication capabilities relieve the strain on health systems. So, the demand for cardiac implant devices is increasing globally with the rise in patients suffering from heart diseases. This is expected to have a positive impact on cardiac implant devices market size.

Cardiac implant devices market by product type:

By product type, the cardiac implant devices market is segmented as Implantable Closure Devices, Pacemaker Implants, Implantable Cardioverter Defibrillator (ICD), Left Atrial Appendage (LAA) Closure Device, Coronary Stents, and Prosthetic Heart Valves, Insertable Cardiac Monitor (ICM), Implantable Heart Pump, and Total Artificial Heart. The coronary stents segment is expected to hold a significant CAGR during the forecast period on account of the growing prevalence of coronary heart diseases worldwide. Implantable heart pump is expected to hold a significant cardiac implant devices market share.

Implantable Heart Pump:

A heart pump or ventricular assist device (VAD) is a mechanical pump that's used to support heart function and blood flow in people who are suffering from heart diseases. The device takes blood from a lower chamber of the heart and helps pump it to the body and vital organs, which is same as the working of a healthy heart. These devices can be connected externally or implanted inside the body. Implantable heart pump is used in patients who have heart failure. The cardiac implant devices market trend for this segment is expected to be positive in the forecast period due to increasing cases of heart failures and the growing geriatric population.

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A Comprehensive Study of Automotive Braking System Market

Introduction: 

The automotive braking system market is expected to grow at a CAGR of 1.62% in 2024 with a market size of US$38.738 billion from US$35.180 billion in 2018. With the evolution of automobiles, their braking systems have also evolved. Today, there are several types of braking systems with some advanced features. The market size of such systems is expected to have a significant growth with increase in demand for automobiles. 

The number of road accidents has also seen a considerable rise all over the world.  This increases the need to incorporate advanced technology in the braking system of commercial and passenger vehicles such as the anti-lock braking system (ABS). Governments and international organizations have introduced several safety norms including making ABS mandatory. So, the automotive braking system market growth is estimated to be significant during the forecast period.

Automotive Braking System Market By Brake Type:

On the basis of brake type, the market is mainly segmented into disc and drum brakes. Both of these brakes work on basis of frictional contact but disc brakes have more stopping power and score high in terms of efficiency and safety. The disc brakes dissipate heat more effectively. Brake fade occurs when brakes lose their effectiveness when the vehicle is going downhill. In case of disc type, it takes longer to achieve brake fade and so they work better on steep descends. Disc brake performs better in wet conditions as drum types have the potential to collect water during rain. Due to these advantages of disc type, the automotive braking system market share for this segment is expected to be significant. 

Disc brakes are used in most of the heavy-duty vehicles. Low and medium-priced vehicles are mounted with front-disc/rear-drum setup as drum types are cheaper and this mechanism is quite effective in stopping the vehicle. The disk brakes are completely self-adjusting because of which there is a wide variety of brake pads to choose from. There are disc brake conversion kits to change from drum brake to more efficient disc brakes. This is expected to fuel the market growth of this segment.

Automotive Braking System Market By Geography—North America:

The automotive braking system market size for North America is estimated to be significant while the Asia Pacific market is expected to have a notable growth rate. North America has several leading automotive manufacturers which has contributed to this large market share. There are stringent government regulations and a rising demand for advanced safety systems in vehicles. Within the North American region, the market is further segmented into US, Canada and Mexico. US is estimated to lead the market growth among these segments. 

There is high demand for technologically advanced automobiles in this region. The demand for SUVs has grown in North America because of its use in off-terrain activities. The braking system being an integral part of the vehicle, its demand has also seen a considerable rise. So the automotive braking system market trend is expected to be positive in the years to come.

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A Study On The Factors Driving The Growth Of Airport Surveillance Radar Market

Introduction: 

An airport surveillance radar system is a system which is used at airports to identify and exhibit the position of an airplane in aerospace around airports. It is used to monitor air traffic around the airport. This system controls traffic inside a radius of 30 to 50 nautical miles (56 to 93 km) of the air terminal and can detect and track aircraft at altitudes less than 25,000 feet. The surveillance radar system contains two systems; the primary and secondary surveillance radar.  The global airport surveillance radar market is projected to grow at a CAGR of 7.05% to reach US$592.624 million by 2024 from US$393.765 million in 2018. There are a few factors driving this market growth.

Growth in Air Traffic: 

Air traffic has grown by a substantial amount with the growth of the world economy. The number of air passengers (domestic and international) rose from 3227291386 in 2014 to 3978849402 in 2017 (source: The World Bank Group). This is giving rise to the growth in the number of airports, thus, leading to the growth of air transport services as well in order to achieve more efficient, and safe airport operations. 

This is attributed to rising disposable income and adopting high living standards especially in the emerging economies like China and India. Also, the availability of cheap air tickets due to rising price competition between the companies in the aviation sector is propelling the increasing use of flights as a regular means of transport. Furthermore, globalization and growing travel and tourism industry are supporting the need for the development of new airports with the rise in the number of air passengers. This has led to an increase in demand for radar and other telecommunication equipment in order to coordinate the landing and take-off of flights. This is estimated to lead to growth in airport surveillance radar market size.

Concerns regarding passenger safety: 

Growing fatalities in the aviation industry due to poor surveillance have led the governments across the globe to equip airports with advanced surveillance technology. These surveillance systems also alert the aircraft and direct it to safe landing during severe weather or hazardous conditions. So, the airport surveillance radar market trend is expected to be positive in the coming years.

Increased investment in the aviation sector: 

The aviation sector is receiving huge investment from both the public and private sector. The government has increased its spending substantially on the construction and maintenance of airports and for ensuring the safety of passengers. The number of private players in the aviation sector has also increased leading to increased competition. So, they take all measures to enhance customer experience including their safety. As a result, the airport surveillance radar market growth is estimated to be high.

Technological advancement: 

Innovations in radar surveillance technology is also expected to increase the airport surveillance radar market share. These technological advancements are rapidly being adopted by advanced and emerging nations in order to achieve greater efficiency in air traffic management. With the advancement in space technologies, satellite-based technologies are being implemented to improve their air navigation surveillance-related operations.

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A Comprehensive Study On Electronic Toll Collection System

Introduction

During 2024, electronic toll collection the market is forecasted to grow at a CAGR of 9.97% with US$ 7515.10 million from US$ 4248.70 million in 2018. ETC is the latest technology which aims to eliminate the delay that happens on toll bridges, HOV lanes, toll lanes and tunnels, by collecting toll without stopping the car and cash. The electronic toll collection market share is growing due to the rising adoption of electronic collection system as it is an effective solution to reduce the remove traffic congestion and improve traffic flow.

Stringent regulations by the government for reducing carbon emission and expenditure done by the government for the development of smart cities across the world are key factors which will increase the market size of electronic toll collection system. However, the high operating cost of ETC system, low adoption of the latest technology in emerging markets along with the slow development of infrastructure in underdeveloped economies is expected to hamper the market.

Trends for increasing the demand for electronic toll collection system

The key trends which are increasing the growth of electronic toll collection system market are the facilities given by the government of several countries to travel cashless. Increasing investment opportunities for intelligent transportation system is creating a new opportunity for the growth of the market. The development of new infrastructure along with development in ETC system is making the government adopt and implement this technology on toll lanes to lessen the delay in transportation is further increasing the growth of the market. Moreover, the growing IT industries and electronic industries is encouraging the growth of electronic toll collection system market.

Stringent Regulation of Government regarding Carbon Emission

By the implementation of electronic toll collection there is no requirement for the cars to stop at the poll to pay. This has to lead to the smooth flow of traffic without any stoppage as the toll is collected through the transponders fitted in the vehicle when they pass through the poll.  As the free flow of traffic through toll plaza is leading towards the less consumption of fuel and less carbon emission from the vehicle.  The strict government regulations for the control of carbon emission pollution are expected to grow the electronic toll collection market globally. For example, the government of USA has made it compulsory to control the carbon emission in the air by limiting the use of carbon-emitting components like carbon mono oxides and hydrocarbons in vehicles. The adoption of ETC system for nonstop movement of vehicles leads to low carbon emission and as a result the government is planning to increase the budget to install more ETC system which is anticipated to drive the growth of market, by benefiting the manufacturers and vendors.

Electronic Toll Collection System Market Basis of Geography

Based on geography, Electronic toll collection system market is segmented into North America, South America, Europe, Middle Eat & Africa and Asia Pacific. On account of 2018, North America is expected to hold a significant market share due to its early adoption of ETC and implanting all-electronic tolling at toll plaza flowed by South America. Europe is projected to grow during the forecasted period as the implementation of various policies on the control of carbon emission. Asia Pacific is growing rapidly due to huge investment done by the government in development of infrastructure in countries like India and China.

                                                                   

Electronic Toll Collection System in North America

By geography, the ETC system market is segmented in North America, South America, Europe, Middle East & Africa and Asia Pacific. North America is projected to grow at a CAGR of 10.49% during the forecasted period with a market share of US$ 3063.156 million in 2024. America is projected to hold a major share in the market owing to its early adoption of technology. Canada and Mexico are also expected to see significant growth in the forecasted period due to rising investment in smart infrastructural development in these regions.

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An Extensive Study On Green Cement Market

Introduction 

The production of cement continues to grow every year given its key role in construction and urban development. But the production process of cement is a major source of industrial air pollution. In order to bring down the harmful emissions, the production methods and formulation of cement can be slightly modified. Alternative low carbon fuels are used in the manufacturing process. 

                         

The cement produced as a result is called green cement. Although the production and use of green cement is an emerging idea and the market is mostly concentrated in developed nations, increasing awareness about the many benefits of green cement is expected to lead to its adoption in developing countries as well. The market of green cement is concentrated as only a few companies hold major market share. The global green cement market growth is expected to be high in the coming years.

Impact of Growing Emissions:

 Growth in urbanization has led to an increase in the emission of greenhouse gases into the atmosphere. We are witnessing its impact in the form of climate change, weather extremes and extinction of species.  The traditional cement manufacturing process which involves roasting limestone and clay in giant kilns and uses fossil fuels such as coal, petroleum coke, natural gas or fuel oils. 

The process releases a tonne of carbon dioxide into the atmosphere for every tonne of cement produced. This is having detrimental effects on human health and the environment. People are becoming increasingly aware of the impacts of carbon emissions. Green cement reduces carbon footprint by 40%. This is expected to have a positive impact on global green cement market size.

Global Green Cement Market by Application: 

By application, the market has been segmented as commercial, residential, and industrial.  The green cement market share in the residential segment is estimated to be considerable owing to rising disposable income and increased preference for energy efficient or ‘green’ buildings. Customers are ready to pay a premium to own a building which is energy efficient or the one which has been labelled as green. The commercial segment is expected to have a significant growth rate due to rise in construction activities in developing regions.

Global Green Cement Market by Geography: 

By geography, the global green cement market has been segmented into North America, South America, Europe, the Middle East, and Africa, and Asia Pacific.

 North America is estimated to have a significant market share due to government regulations encouraging the construction of environmentally friendly buildings and the presence of major market players. The green cement market trend is expected to be positive in the Asia Pacific region due to rising construction of green buildings.

Market Trends in the demand for Green Cement: 

Although the market is concentrated, the global green cement market share is expected to expand rapidly owing to growing awareness about the need to reduce carbon emissions. Government support for energy efficient buildings and a rise in construction activities is estimated to fuel the demand. The green tax has been imposed in several nations which along with the growing prices of fossil fuels would increase the price of ordinary cement. Green cement is in the introduction stage and several companies are still carrying out research and development activities to improve the properties and capability of the product. This is expected to lead to further growth of the market. Although the manufacturing process of green cement uses alternative fuels and raw materials, there is no compromise with quality. It has the desired characteristics such as reduced porosity and enhanced mechanical strength.

Thus, green cement offers quality and price benefits. The greatest benefit is reduced carbon footprint which is going to have long term benefits for human health and betterment of the environment we live in.

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