The Global Drug Discovery Informatics Market held a market value of USD 1,680.6 million in 2017 and is projected to grow at a CAGR of 11.5% over the forecast period.
Few of the market growth factors include a worldwide rising focus on drug discovery, growing need to control drug discovery and development costs, rising research and development (R) expenditure, and increasing burden of chronic diseases.
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Few of the foremost players in the global drug discovery informatics market are Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Certara, L.P., Infosys Limited, Novo Informatics Pvt.
The global drug discovery informatics market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
For instance, as per statistics published by the Center for Disease Control and Prevention (CDC), about 610,000 people die due to heart disease in the US every year (one in every four deaths).
Alcohol and drug testing equipment are utilized to test inebriation levels stimulated by drug and alcohol consumption. Chromatography instruments, immunoassay analyzers, hair testing devices and oral testing devices, urine testing devices, and breathalyzers are extensively utilized for testing drug and alcohol content in individuals. The worldwide market for alcohol breathalyzer and drug testing equipment is anticipated to increase at a 6.9% CAGR in value terms all through the calculated period 2018-2026. The worldwide market estimated at around US$ 7,300 Million during 2017 that is likely to grow approximately US$ 13,393.3 Million towards the end of 2026.
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Market Segmentation
In terms of the equipment, the global market includes infrared (IR) based breathalyzer, semiconductor based breathalyzer, immunoassay analyzers, fuel cell based breathalyzer, oral fluid testing devices, chromatography instruments, hair testing devices and urine testing devices. The IR based breathalyzer is employed widely, owing to its high level of precision. This category is therefore likely to foresee robust growth over the assessment period. The fuel cell based breathalyzer is likely to continue as the biggest category over the calculated period, reflecting the maximum 7.3% CAGR.
In terms of the application, the global market includes alcohol detection and drugs detection. The alcohol detection is estimated to record the maximum 6.5% CAGR over the projected period, accounting for a market valuation of close to US$ 10 Billion towards the end of 2026. While rising number of drunk driving instances are likely to fuel the requirement for alcohol detection equipment, it is anticipated that drugs detection category will be highly lucrative in the said period.
In terms of the end-user, the global market includes hospitals, federal departments, private sectors and rehabilitation centres. The federal departments end-user category will be witnessing higher demand, trailed by private sectors. Although revenue generation from the earlier category is estimated to account for in excess of US$ 6 Billion, that from the second will probably succeed US$ 4 Billion towards 2026 end. Although, private sectors category is likely to increase at a faster 7.5% CAGR in the coming years.
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In terms of the region, the global market includes Europe, North America, Middle East & Africa, Asia Pacific and Latin America. North America is estimated to lead with 52.3% of the overall market share in value terms, by 2018. APAC regional market is anticipated to remain the highest growing market, reflecting a 7.9% CAGR in value terms over the projected period.
Key Market Players
The major companies functional in the global market are
- Lifeloc Technologies Inc.
- Lion Laboratories Limited
- Andatech Pty. Ltd.
- Intoximeters
- Quest Products, Inc.
- BACtrack
- C4 Development Ltd (Alcovisor)
- Drägerwerk AG & Co. KGaA
- Alere (Abbott.)
- Others
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The global mobile 3D market is anticipated to rise at a staggering CAGR in the forthcoming period.
The report includes 3D Mobile Devices Market By Product Type, By Application, By Region Analysis & Forecast 2018-2023.
3D-enabled mobile utilizes stereoscopy or any other 3D depth technique to convey the depth perception to the viewer.
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Developing Smartphone Usage is Driving Market Growth
Global Smartphone utilization has witnessed fast increment.
The global Cardiac Rehabilitation Devices Market size and share is expected to reach USD 2.83 billion and to register a CAGR of 6.2% during the forecast period (2018-2023).
Cardiac rehabilitation is a medically managed program designed to improve cardiovascular health.
However, the factor such as the high cost of cardiac rehabilitation devices and stringent government regulations hinders market growth.
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Cardiac Rehabilitation Devices Market Competitive Analysis:
Prominent players operating in the cardiac rehabilitation devices market are Brunswick Corporation(Rosemont, Illinois), Amer Sports (Helsinki, Finland), Core Health & Fitness, LLC(Calgary, Alberta), Honey well International Inc.( Morris Plains, New Jersey), OMRON Corporation (Japan), BioTelemetry, Inc(Malvern, PA), The ScottCare Corporation (US), LSI (US), Schiller(US), Scifit (Brunswick) (US) and ergoline GmbH (UK).