2019 Global Spectrophotometer Market Research Report With Industry Outlook And Forecast 2024 PATCHED
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2019 Global Spectrophotometer Market Research Report with industry Outlook and Forecast 2024
This study will benefit those who are interested in learning about the changing landscape of the global DTIB. It identifies emerging trends that will have an impact on DTIB and identifies areas of opportunities in the land, air, and naval security segments along with the technology adoption that will potentially add value in terms of helping the security objectives. All security industry participants and the rest of the industry verticals will benefit from this study, as this is a growth insight study that investigates the potential impact of future technologies on the market, and how they will evolve during the forecast period. Technology companies that are looking for new avenues to add capabilities to their portfolio will also benefit from this study.
The global stationery products market size to be valued at USD 128.5 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% during the forecast period. Growing literacy rates across the globe and an increasing number of youth inclining towards higher education are among the prominent factors for market growth. Furthermore, the rapid increase in the number of start-ups is propelling market growth. According to a report by NASSCOM, more than 1200 startups came into existence in 2018. Thus, increasing employment in these sectors is impacting market growth significantly. Government initiatives have led to an increase in the number of schools and colleges in rural as well as urban areas, which is directly impacting market growth.
The global education industry is anticipated to witness significant growth in the near future, thus fueling the market growth in the forecast period. Increasing brand awareness and disposable income among the consumers are driving the market for luxury pens, which, in turn, is providing an upthrust to the global industry in the forecast period.
The ink-based segment is expected to register a CAGR of 5.7% during the forecast period. Increasing demand for pens among the millennials due to inclination towards higher education is impelling the market growth. Product innovation also plays an important role in fueling the industry growth. For instance, the introduction of RGB pens that enable the user to write in any color has impacted the market growth. In order to position as an eco-friendly product, manufacturers have come up with bamboo and wooden pens.
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global stationery products market report on the basis of product, application, and region:
As it was MDx segment has been fastest growing segment within the global IVD market. The global market was estimated to be $8,760 million in 2019. Including COVID-19 tests, Kalorama Information now projects that market to be $13.4 billion dollars. A multi-year forecast including COVID-19 cannot be made with accuracy given the unknowns of the virus threat, outside of COVID-19, other test segments are expected to grow to 9,025 in 2025. Major segments that are expected to drive the growth are infectious diseases, cancer, and transplant diagnostics. A detailed analysis of each of these application segments is presented in the respective segment.
The global applied microbiology market was valued at $3.63 billion in the year 2018 and is forecasted to grow at a CAGR of 6.4% to reach $5.23 billion in 2024. The market for microbiology testing is evaluated in instruments and reagents. In 2018, the instruments product section accounted for the biggest share of the market; but, the reagents product section is predicted to grow at a better rate throughout the forecast amount. The biology testing market is segmental into hospitals and diagnostic centers, custom laboratory service suppliers and tutorial and analysis institutes. The key factors driving the expansion of this market embody in progress technological advancements within the field of infectious diseases diagnosing, rising incidence of infectious diseases and growth irruption of epidemics and increased funding and public-private investments for research and innovation.