Augmented Reality and Virtual Reality Set to Bring in a Comprehensive Change in Healthcare Industry!

The adoption of new technologies in the healthcare sector such as Internet of Things (IoT), augmented reality (AR), and virtual Reality (VR) has been on the rise with the willingness of the medical practitioners to reduce the healthcare costs. The augmented and virtual reality in healthcare market was valued at USD 769.2 million in 2017 and is expected to reach USD 4,997.9 million by 2023, at a CAGR of 36.6% during the forecast period. The increasing penetration of connected devices in the healthcare sector, the growing need to reduce the healthcare cost, and the increased investment in AR and VR in healthcare are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market. 

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The rising interest of people in the augmented and virtual reality market will be the key driver for the use of healthcare AR and VR devices. Key challenges faced by hospitals and clinics are data management and clinical operations management due to the increasing number of patients with chronic diseases and growing need for improved patient outcomes. Moreover, healthcare centers need to efficiently manage medical equipment, patients, and employees. The technological innovations help healthcare centers to improve the service quality by providing care at low cost with less time to service. 

AR and VR are used in various hospitals for body check-up of patients before surgeries. The hospitals, clinics, and surgical centers are making apt use of the AR and VR technology to gather critical information of patients. The use of AR and VR in pharma and biotechnology companies is expected to be a new trend in their businesses. Companies have been trying to use these technologies to empower their sales representatives. The use of AR and VR for sales training and pharmaceutical sales can be a driving factor to drive the AR and VR in healthcare market. Augmented reality and virtual reality in government and defense healthcare institutions can provide the ability to enhance the efficiency of quality of care. The government funding in the R&D of AR and VR in healthcare would be a major boost for the AR and VR companies in the next five years. 

The major application areas for AR and VR in healthcare include patient care management, medical training and education, fitness management, pharmacy management, and surgery. The use of AR and VR for rehabilitation and therapies would help the market for patient care management lead the augmented and virtual reality in healthcare market. The surgery application in AR and VR is expected to grow at the highest rate in augmented and virtual reality in healthcare market. The use of AR and VR can help surgeons to perform surgeries more efficiently. The surgery might be a minimally invasive procedure or locating a tumor within the body, augmented reality healthcare apps can help save lives and treat patients seamlessly.

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The pharmacy management is one of the most practical applications for the healthcare industry. The use of AR and VR is expected to bring in a lot of innovation for pharmacists and also for patients to take proper medication. The pharmacist can use the AR and VR glasses to easily find medicines in the pharmacy using the new improved technology. Similarly, patients can use AR and VR on their glasses with pop-up reminders for medication. This would ensure the preciseness of the medicine at the right time. Patients would be given warning alerts if inappropriate medicines are picked. The increase in the acceptance of this new technology is likely to help the pharmacy management application to grow at a high rate in the AR and VR in healthcare market.

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Ethernet Controller Market worth 11.89 Billion USD by 2023

The report "Ethernet Controller Market by Function (PHY & Integrated), Bandwidth (Ethernet, Fast Ethernet, Gigabit Ethernet), Packaging (Flip-chips, and Grid Arrays, QPF, QFN, and Others), Application and Geography - Global forecast to 2023", The Ethernet controller market is expected to grow from USD 8.28 Billion in 2017 to USD 11.89 Billion by 2023, at a CAGR of 6.22% between 2017 and 2023. The growing demand for high-performance applications, integration of advanced features, small form factor, and easy interface with 16 and 32-bit embedded CPUs are the key driving factors for the Ethernet controller market. 

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Ethernet controller market for flip-chips and grid arrays expected to grow at the highest CAGR during the forecast period

The market for flip-chip and grid arrays is expected to witness a significant growth during the forecast period owing to factors such as high pin density, low thermal resistance, and low inductance. The Ethernet controller market by packaging was dominated by the flip-chip and grid array. In 2016, flip-chip and grid array held the largest market size of the overall Ethernet controller market for packaging.  The increased adoption of the flip-chip packaging methodology is a result of its smaller size regarding both height and area. Flip-chips also offer reduced inductance, allowing higher speed signals, coupled with a considerably better heat conductivity. Also, the performance in high-frequency applications is superior when using flip-chips in comparison with the other interconnection methods, because the length of the connection path is minimized. Similarly, the grid array packages enable high-density connections. This is due to the ability of the grid arrays that allow the underside of a chip package to be used for connectivity.

Increasing use of servers is driving the Ethernet controller market

Among applications, servers are expected to lead the overall Ethernet controller market due to the highest CAGR during the forecast period. The enterprise migration to the cloud and the role of emerging technologies such as artificial intelligence, IoT, and analytics are increasing the use of servers. The increasing number of broadcasters offering direct-to-consumer (D2C) propositions through OTT services, along with traditional distribution routes has also propelled the growth of servers.
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APAC expected to hold the largest market share, while North America projected to witness the highest growth rate

APAC is expected to account for the largest share of the Ethernet controller market in 2017, followed by North America and Europe. The market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of this market in APAC can be attributed to the increased use of Ethernet controller in servers, consumer applications, and desktop systems. The growth in the market for Ethernet controller in APAC is also driven by the rising demand for VoIP solutions, gaming consoles, and digital signage in the region.

The major players in the Ethernet controller market include Intel (US), Broadcom (Singapore), Microchip (US), Marvell (US), and Microsemi (US).

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Fluid Handling System Market worth 73.28 Billion USD by 2023

According to the new market research report "Fluid Handling System Market by Pumps (Centrifugal and Positive Displacement), Control Valves (Rotary and Linear), Flow Meters (Magnetic, Coriolis, Differential Pressure, Ultrasonic), Industry, and Geography - Global Forecast to 2023", the fluid handling system market is projected to be valued at USD 73.28 Billion by 2023, growing at a CAGR of 4.8% between 2017 and 2023. Factors driving the growth of the market include the increasing demand for different types of pumps in the oil and gas industry, high demand for advanced systems in the chemical and wastewater management industry, and increased focus on plant automation.

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Fluid handling system market for control valves expected to grow at the highest CAGR between 2017 and 2023

The growth of the control valves market can be attributed to the increasing need for wireless infrastructure to maintain/monitor equipment in various plants, revenue shift in the industry, rising demand for control valves for oil and gas and subsea applications, increased focus on automation, rising number of new nuclear plants, and enhancement of existing plants.

Pumps projected to hold the largest share of the market during the forecast period

Pumps are used across a wide range of industries such as water and wastewater, chemicals, energy and power, oil and gas, and building and construction. Thus, the increasing investment in these industries in developed as well as developing nations, in turn, increases the demand for pumps. In the global pump market, advanced intelligent pump technologies are increasingly being adopted to improve the efficiency of the pumping operation.

Market for building and construction industry to grow at the highest CAGR between 2017 and 2023

Commercial buildings and construction sites are surrounded by several types of fluids and gases through their lines to maintain the smooth operation of HVAC, fire protection, and water and wastewater management. Fluid handling systems ensure the proper flow and control of fluids in the building and construction industry. The increasing adoption of building automation systems, such as HVAC systems and fire safety systems, is expected to drive the growth of the fluid handling system market in this industry.

APAC to hold the largest share of the fluid handling system market during the forecast period

The robust presence of local and regional fluid handling system manufacturers encourages the growth of the fluid handling system market in APAC. Further, the rising demand for efficient and accurate measurement devices, increasing number of industrial infrastructural activities, and high demand for fluid handling systems in the chemicals and water and wastewater industries fuel the growth of the fluid handling system market in APAC.

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Alfa Laval AB (Sweden), Colfax Corporation (US), Crane Co. (US), Flowserve Corporation (US), and Graco Inc. (US) are among the leading players in the fluid handling system market. Other key players in the fluid handling system market include Bürkert GmbH & Co. KG (Germany), Dover Corporation (US), INDEX Corporation (US), Ingersoll-Rand plc (Ireland), and SPX Flow, Inc. (US).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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IoT Sensors Market by Consumer IoT worth 38.41 Billion USD by 2022

According to the new market research report "IoT Sensors Market by Type (Pressure, Temperature, Humidity, Magnetometer, Accelerometer, Gyroscope, Inertial, Image), Network Technology (Wired & Wireless), Vertical (Consumer IoT, Commercial IoT, Industrial IoT), and Region - Global Forecast to 2022", the IoT sensors market is expected to reach USD 38.41 Billion by 2022, growing at a CAGR of 42.08% between 2016 and 2022. The major factors driving the growth of the IoT sensors market include development of cheaper, smarter, and smaller sensors, growing market for smart devices and wearables, need for real-time computing of applications, increase in demand for IoT sensors in various applications, supportive government initiatives, deployment of IPv6, and role of sensor fusion concept in IoT sensors market.

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Browse 70 market data Tables and 91 Figures spread through 247 Pages and in-depth TOC on "IoT Sensors Market - Global Forecast to 2022"

 
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“IoT sensors market for consumer IoT vertical expected to grow rapidly during the forecast period”

According to the research report, the consumer IoT vertical has been segmented into home automation, smart city, and wearable electronics. Home automation includes consumer devices (smart TVs, home theater projectors, next-gen game console, and set-top boxes) and consumer appliances (washing machine, refrigerator, oven, dishwasher, and robot vacuum cleaner). Smart appliances, also known as intelligent appliances, have the ability to measure and control their energy usage and communicate the same with homeowners and utilities departments. Additionally, the major factors driving the wearable devices market for IoT sensors include the growing popularity of IoT and the increasing adoption of smart watches and activity trackers in the consumer markets.

“Pressure sensor market to hold major share between 2016 and 2022”

The market for pressure sensors is expected to hold major share during the forecast period. This is mainly because their wide usage in a variety of application including medical applications, smart cities, wearable, environmental monitoring devices, remote sensing, industrial automation, air speed, air sampling, and leak detection. Various applications of industrial automation, transportation, healthcare, and consumer electronics need constant tracking and analyzing which is mostly done with the help of pressure sensors.

“APAC expected to grow at the highest rate during the forecast period”

Sensors are increasingly being demanded in APAC owing to the growing demand for automotive and increasing focus of the region towards IoT platform. In this study, the APAC market has been divided into India, China, Japan, South Korea, Australia, and Rest of APAC. Asia-Pacific is a major market for various sectors such as consumer electronic devices and appliances, automobiles, and healthcare among others. Moreover, the Asia-Pacific region is one of the potential markets for the industrial and consumer IoT verticals as countries such as China, India, and Australia among others are actively trying to strengthen the IoT platform.

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Major companies involved in the development of IoT sensors include Texas Instruments Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), TE Connectivity, Inc. (Switzerland), NXP Semiconductors N.V. (Netherlands), Broadcom Limited (U.S.), Robert Bosch GmbH (Germany), InvenSense, Inc. (U.S.), Infineon Technologies (Germany), ARM Holdings Plc. (U.K.), Omron Corporation (Japan), Sensirion AG (Switzerland), Analog Devices, Inc. (U.S.), SmartThings, Inc. (U.S.), and KONUX Inc. (Germany) among others.

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“Increase in asymmetric warfare and replacement of legacy systems with advanced combat systems are the key factors driving the active protection system market”

The report provides an analysis of the active protection system market over the next six years. It discusses industry and technology trends that are prevailing in the market, and analyses the factors that are driving and restraining the growth of this market as well as the challenges faced by it.

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The active protection system market is projected to grow from USD 2.84 billion in 2016 to USD 4.15 billion by 2022, at a CAGR of 6.50% from 2016 to 2022. The growing demand for safety from highly maneuverable weapon systems is expected to be the key driver for the growth of the active protection system market during the forecast period.

Based on platform, the land segment dominated the active protection system market in 2016. Active protection systems mounted on a land-based platform are equipped with both, hard kill as well soft kill capabilities. These systems are tough and rugged, and provide high detection probability for small and large targets in all weather conditions.

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Based on kill system type, the hard kill system segment is projected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the increased demand for hard kill systems that can detect as well as neutralize various types of incoming threat. These systems provide a 360-degree protection against modern missiles/projectiles. For instance, in 2016, the U.K.‘s Defence Science and Technology Laboratory (Dstl) awarded a contract worth USD 8.07 million to QinetiQ (U.K.) for the assessment of active protection systems (APS) for armored vehicles.

Europe is expected to be one of the largest markets for active protection system in the future. Active protection systems are expected to drive military operations, as they protect personnel from direct fire, thus leading to a decline in casualties. The importance of troop safety and enhancing the kill power of a warfare platform have driven major manufacturers and service providers in the region to develop techno-efficient combat systems and unmanned systems with active protection system. 

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The active protection system market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, followed by North America and the Middle East. There is an increase in demand for active protection systems by militaries in the Asia-Pacific region, due to equipment upgradation and continuous technology advancement programs.