Global Electronic Shelf Label Market Research Report

Innovative Technologies in Global Electronic Shelf Label Market

Communication technologies play an important role in the global electronic shelf label market. These provide two-way communication between the ESL tags and consumers or ESL tags and the core software. Both the type of communication is essential for efficient operations and steady revenue streams. Vendor facing, and customer-facing technology divide the ESL market. Here are the technologies that help transmit information of these tags in a large area such as supermarkets and hypermarkets in the retail industry. The global electronic shelf label market will worth around $1,675 million and is expected to grow at a CAGR of over 28% during 2018-2023.


Radio Frequency (RF)

Ultra-high frequencies in the range of 300–3,000 MHZ are the ones, which are used for the civilian communication purpose, encompassing mobile communication, WLAN, Bluetooth, Zig-Bee, GPS, two-way radios, etc. The main advantage of the RF communication is that there is no line of sight issue and hence the communication can happen without any hindrance. The leading vendors are using this technology to communicate with the base station and ESL tags.

RF products in electronic shelf label market: SES Imagotag ESL tags have an operating frequency of 2.400-2.480 GHz, which is near the Wi-Fi frequency. M2Communication and Displaydata ESL tags with an operating frequency of sub 1GHz which is untroubled by interference are revolutionizing the global ESL market.

Infrared (IR)

IR is electromagnetic radiation with a longer wavelength than the visible light. IR signals have higher data rates compared to radio frequency signals. The two major types of IR signals used for communication in the global electronic shelf label market are directed or diffused. The use of these IR technologies for ESL tags create no problem of interference from the crowded radio frequency range in large areas of retail stores.

IR products in electronic shelf label market: Pricer, an in-store digital shelf-edge solution provider, use diffuse IR as the communication technology that has no line of sight issues and increases in-store experience for consumers.

Bluetooth Low Energy (BLE)

BLE (aka Bluetooth Smart) is the newly adopted to the Bluetooth specification, and it operates at sub 1GHZ radio frequency. Proximity capabilities that are introduced with BLE have enabled the proliferation of location-based services such as beaconing and geo-fencing applications across industries in the global market. For instance, BLE beacons and geofencing capabilities are currently used ESLs for in-store navigation, and exponentially used for the mobile-based product promotions and positioning.

BLE products in electronic shelf label market: Pricer recently deployed a solution in Carrefour where the customer can interact with ESLs through the mobile application “C-où.” The innovative application has geolocalization which helps to identify in-store and navigate products for consumers in the global electronic shelf label market.

Near Field Communication (NFC)

NFC devices evolved from RFID and are powered by the device that is trying to access the information from the NFC tags. The communication levels of these devices are one directional where the NFC tag will provide the information that is coded into it. The use of NFC in the global electronic shelf label market allows mobile devices that contain the corresponding applications to be in proximity to the ESL tags to process information and reflect on the consumers’ smart devices, and thus the sensitivity and user-interactiveness do play a significant role in this industry.

NFC products in electronic shelf label market: Pricer SmartTag and SES Imagotag G1 retail 7.4 red NFC have the capabilities the enhance the customer interactivity with applications on the mobile phones thereby, increase satisfaction levels.

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Global Electronic Shelf Label Market Research Report

Focus on Sexual Wellness to Boost Sales in the Global Condoms Market

The global condom market is expected to reach values of over $11 billion by 2023, growing at a CAGR of approximately 9% by 2017−2023. The growing demand for female condoms and the introduction of innovative variants such as flavored condoms will boost the sales of these products in the global market. The increasing focus on sexual wellness and the growing government initiatives to fight teen pregnancies and unsafe sex practices will propel the demand in the world market. The phenomenal shift in the consumer’s expectations and acceptability of sexual wellness products such as condoms and lubricant in the mainstream market will create new opportunities for leading vendors in the market.

Growing popularity of female condoms

Industry experts at Arizton state that according to a market survey, various countries and demographics indicate that around 60% of women polled have indicated their openness to try female condoms and about 36% of them taking the initiative to use contraceptives than their partners. Reduced stigma around sexual wellness and rise in awareness about the harmful side-effects of contraceptive pills and injection shots are encouraging more women to adopt female contraceptives in the global market. The rapidly rising demand for these products is urging prominent players to introduce non-latex products such as nitrile and polyurethane condoms. These condoms are perceived to be safer to use in case the partners are allergic to latex products and increase the overall experience of the end-user. The leading vendors are targeting North America, Russia, Eastern Europe, and a majority of South African countries to promote these products in the global market. The global female condoms market is projected to grow at a CAGR of approximately 19% by 2023.

Innovate condom design is a trend!

Research and innovations for developing different types of condoms that can enhance sexual pleasure is a lucrative market and are likely to gain immense traction in the world. Condoms are the cheapest form of birth controls, and they protect individuals from STDs and STIs. Innovations on the basis of shape, size, thickness, flavors, structure, and even material will increase the number of product portfolios in the global market. Some of the most purchased of variants in the world market are anti-slippage, anti-breakage, fragrance infusion, and ultra-thin condoms. The use of Graphene that finds applications in lubricants, displays, packaging, solar cells, and 3D printing industries is transforming the market. Graphene condoms offer a high level of protection during usage, and hexagonal flexes enhance user experiences. Luxury condom offerings fetch premium prices and high revenues of manufacturers in the global market. The price tag for luxury-packaged offerings from popular fashion brands ranges from $15−300 per pack. For instance, customers can buy a pack of Louis Vuitton condoms for a price of $68 per piece.

Internet to Influence Consumer Buying Pattern

The emergence of connected devices, smartphones, e-commerce, and e-retailing is revolutionizing the distribution channel in the global market. The extensive use of internet services, improved economy, and upgrading of purchase and delivery options will propel the growth of the e-commerce websites in the world market. Online websites provide detailed information on products, including quality, safety measures, and user guidance. Condoms, sensual lingerie, and sexual lubricants are the highest selling products in the e-retail segment in the world market. Some of the leading online retail vendors in the global market are Amazon, Ann Summers, Lovehoney, Topco Sales, and eBay.

Leading vendors in the market are Church & Dwight, Ansell (Now Lifestyles Holdco), and Reckitt Benckiser.

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Global Electronic Shelf Label Market Research Report

Top 5 Vendors to Dominate the Global ESL Market by 2023

New technology and robust electronic shelf labels are revolutionizing the retail industry. The global ESL market to generate revenues of over $1,675 million and is expected to grow at a CAGR of around 28% during 2018−2023. The leading vendors are investing in procuring advanced technology to offer innovative solutions and gain market share in the highly competitive global ESL market. Emerging display models integrated with LED and e-paper technologies with real-time pricing, limited offers, and brand information will ensure easier purchase decisions for consumers in grocery stores and supermarkets. Technology is at the forefront of revolutionizing inventory management and digital price tags in the world market. Modern shelf signage connected via LAN, Wi-Fi, or Bluetooth are integrating geo-fencing that enables retailers to drive consumers to aisles that usually record less traffic.

The leading companies contributing to the development of the electronic shelf label market are listed below:

1. SES – Imagotag

The launch of Jeggy S, a pioneering software launched by SES – imagotag, is transforming the global ESL market. The Jeggy S software was developed to offer in-store price management and synchronization. The product is also designed to operationalize the use of data to product locations, stock levels, purchase history, conversion rates, and customer loyalty. SES – imagotag links the multi-com infrastructure and manages the price changes, product geo-location services, NFC shopping, and special offers for superior shopping experiences in the retail sector.

Key News: SES – imagotag forms partnership with Wirecard to enhance in-store experience, increase store efficiency, automate low-value-added processes, and improve in-store shopper connectivity in the ESL market.


Pricer’s SmartTAG labels are edge-shelf communication tools that increase digital interaction with shoppers and increase their satisfaction and strengthen brand loyalty among consumers. The company’s price automation solutions are central to the store automation and provide accuracy and price flexibility at the shelf-edges in the ESL market. Companies are offering solutions to support effective promotion encompassing geolocation and SmartFlash capabilities that support store tasks such as positioning and removing promotion tags and other such activities.

Key News: Pricer recently launched its new digital strategy at the National Retail Federation’s (NRF) annual convention in New York, US.


Displaydata introduced ESL solutions integrated with Bluetooth that show launch promotions and display updated stock levels in the store that results in improved operational efficiencies in the ESL market. The new labels have an electrophoretic display that provides a range of color options and a Bluetooth network using a simple infrastructure to engage, target, and personalize promos for shoppers’ smartphones. The ESL solutions provide two-way communication by reporting the updates and providing the details such as a battery, voltage, and temperature.

Key News: Displaydata Ltd. is increasing their investments in the global ESL market by forming long-term partnerships with Trillium International, DFJ Esprit, Lansdowne Partners and TTP Ventures, and Zebra Technologies Corp.


Altierre labels use the Altierre Layout Designer software (ALD), which makes labels infinitely customizable. These labels can display logos, images, animation of price display, or consumer information as per the requirements of retailers. The company provides battery powered wireless out of stock sensors and battery powered wireless temperature sensors, thereby boosting the consumer’s in-store experience in the global electronic shelf label market. The company’s new W Tags with multiple screen memories will assist retailers by displaying the store operations information and improving the capability to schedule multiple promotions.

Key News: Altierre Corp. formed a strategic business alliance with Motion Display to introduce innovative display units in the global ESL market.


DIGI’s Total Point of Purchase System provides seamless integration of display units and innovative technology such as NFC and POS technology to offer higher store efficiency, better return on investment, and efficient manpower deployment. The retail operations of the system allow the store to control the price display, price verification, and mobile shopping within a single system, which allows retailers to have central control of the price.

Key News: DIGI recently launched LI-5600, that maximizes the efficiency of in-store pre-packaging operation and has a condensed, space-saving design that reduces shelf space consumption in the ESL market.

The other prominent players in the market are E-Ink Holdings Inc, Samsung Electro Mechanics (SEMCO), Mirador Marketing, CEST Ltd, LG Innotak, NZ Electronic Shelf Label, Opticon Inc, Hanshow Technology, Pervasive Displays Inc., (PDI), and Wincor Nixdorf.

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Global Sound Reinforcement Market Research Report

Wireless Headphones Market Likely To Cross $16 Billion by 2023

Wireless headphones are definitively muscling out wired earphones and headphones across geographies. No longer just a hearing aid, wireless earphones are getting closer to ensuring that we can plug-in innovative technologies to our ears without having to be restrained by wires restricting our mobility.

These Bluetooth enabled devices provide the users with decent sound quality and increased durability making them a preferred choice for as an entertainment source while training, waiting for a flight, or even taking a stroll. Additionally, wireless headphones have an enhanced aesthetic appeal and their applications are increasing at a rapid pace.

According to a report Earphones and Headphones Market – Global Outlook and Forecast 2017−2023 by Arizton Advisory & Intelligence, the global market is poised to grow over the next few years. The wireless headphones market is one of the primary segments within this market, which analysts at Arizton believe would see significant growth in the next five years. Analysts expect the global wireless headphones market to cross $16 billion by 2023.

Wireless Headphones Market Size in US$ billion
Wireless Headphones Market Size

The technology behind the growth of the wireless headphones market

The first generation of wireless earphones used Bluetooth 1.1. This required dramatic compression of the sound to enable smooth transmission leading to a considerable reduction in sound quality. With technological advancements, most wireless Bluetooth earphones today use at least a Bluetooth 3.0 version that reduces noise distortion considerably making modern wireless earbuds much more pleasant than their predecessors. The high-end wireless earphones today use the Bluetooth 4.0 version which makes the output even better, thus increasing end-user experience.

What drives the global wireless headphones market

Increased integration of wireless headphones with home entertainment systems is one of the major factors driving the growth of the market globally. These can be used to listen to audio while streaming videos, without disturbing others in the room. The increase in sound quality and the ability to wear them on a daily basis (including during office commute and sports activities) also make Bluetooth-enabled wireless headphones more convenient than wired ones.

Technological improvements enabling noise-cancellation to reduce unwanted ambient sounds using active noise control, high interoperability with smartphones and tablets, and a short replacement cycle due to frequent product updates on account of changing fashion, functionality, demand for better listening experience and damage or loss are some other factors that are expected to strongly influence the growth of the wireless headphones market globally in the coming years.

Willingness of consumers to spend on new technology for wireless headphones including sports and fitness headphones is expected to further drive the growth of the market in the coming years.

The strategic alliance being formed between earphones and headphones, and mobile manufactures is also an important factor that has already started positively impacting the growth of the market across geographies.

The fast paced and significant increase in the global health and wellness industry owing to increased awareness for healthy living is also expected to fuel the growth of the global wireless headphones market as they are highly preferred during workouts since they do not fall, hang loose, or get tangled in sports gear.

How the key players in the market think

The global earphones and headphones market is dominated by Beats Electronics LLC, Bose Corp., Sennheiser Electronic GmBH & Co. KG, Sony Corp., and Skullcandy Inc. All these leading manufacturers are aggressively focusing on research and development and innovation to bring technological advancements in the global market. A large chunk of this effort is towards improving the quality and user-friendliness of wireless earphones  and making them more feature rich and diverse.

Beats Electronics, renowned for its sound quality, design, and sleek appearance has its focus on implementing new advanced technology such as noise cancellation, etc. Bose Corp, critically acclaimed for its sound quality, invests heavily in R&D and technologies ranging from increasing noise cancellation to including heart-rate sensors in their products. Sennheiser has four research and innovation centers for continued focus on R&D activities aimed at product improvement and technological amalgamation.

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Hearing Devices Market, - Hearing Aids and Hearing Implants

Hearing Implants Market and Key Manufacturer Strategies

The hearing implants market is witnessing a rapid growth across geographies. Both Cochlear and BAHA implants are gaining popularity and acceptance among people with hearing disabilities, owing to the growing awareness among the general population about the effects of severe to profound hearing loss. The adoption of implantable solutions is rising in the market, also due to product innovation by the market vendors. Furthermore, the increase in regulatory approvals and product customization are fueling the growth of the hearing implants market globally says a recent report on Hearing Aids Market – Global Outlook and Forecast 2018-2023 by Arizton.

Analysts at Arizton expect the global hearing implants market to grow at a CAGR in excess of 12% over 2017-2023 and reach close to $3 billion by 2023.

The key players in the global hearing aids market like Cochlear, William Demant, Sonova, Sivantos Group, and  also MED-EL are distributing their efforts between innovating, researching, and developing advanced hearing implants products, designing aggressive marketing and promotional strategies to create end-user awareness, and creating effective pricing strategies to increase the reach of these products to populations across geographies belonging to multiple economic strata. The major players in the global hearing implants market are also showing increasing affinity towards creating a dominant distribution channel to penetrate the developing markets and also uncharted geographies.


A key player in the market, Cochlear, is a medical device company founded in 1981 and headquartered in Sydney, Australia. The company is a world leader in the manufacture and distribution of cochlear implants. Engaged in the designing, development and manufacturing, they offer hearing implants and prosthetics under various business segments such as cochlear implants, middle-ear implants, bone conduction implants, true wireless devices and bone anchored prosthetics.

The company puts a lot of emphasis on product innovation and has invested close to 12% of its total revenue in R&D, in FY2016. R&D and increased product launches in the market, are two key strategies implemented by Cochlear, to strengthen its market position in the global hearing implants market resulting in a better presence in the global hearing aids market.

Cochlear launched the US FDA approved Cochlear Nucleus 7 Sound Processor in July 2017. The world’s first hearing aid device compatible with iPhones, the Cochlear Nucleus 7 Sound Processor, is one of the smallest and lightweight BTE cochlear implant sound processor available in the global hearing implants market.

In September 2017, the company announced the launch of the US FDA approved Baha SoundArc for conductive hearing loss, single-sided sensorineural deafness or mixed hearing loss. The product is a non-surgical band worn behind-the-head and is compatible with Baha 5 sound processors.

William Demant

Another key player in the global market, William Demant, has direct presence in more than 30 countries and distribution channels in more than 130 countries. Founded in 1904 and headquartered in Smørum, Denmark, William Demant is a world leader in the manufacture and distribution of diagnostic instruments, hearing implants, hearing aids, and personal communication devices.

A major factor leading to the strong presence of the company,  in the market over the years, has been its propensity to invest in R&D activities and introduce innovative and technologically advanced hearing aids and  implant devices in the global hearing implants market. The company invested more than $120 million on R&D activities in FY2016.

In 2017, the company rolled-out Neuro cochlear implants in a few of the global hearing implants market, such as Brazil and France. The company is also expected to launch Neuro 2 in the market by the end of 2017. The company launched Ponto 3, super power version in the BAHS business segments during late 2016 and is expected to launch Ponto BAHS in India, Russia, and some of the Eastern European countries in 2017.


Sonova is a leading provider of hearing care solutions. Founded in 1947 and headquartered in Stafa, Switzerland, the company offers a wide range of hearing care products such as cochlear implants, hearing aids, and wireless communication solutions. Operating its businesses globally in over 100 countries, with a workforce of over 14,000 employees worldwide; the company operates with some of the major hearing care brands such as Phonak, Unitron, Advanced Bionics, Hansaton and AudioNova.

Innovative product launches and product integration with e-solutions are two of the key strategies of Sonova. The platform-based innovation by the company focuses on introduction of new and innovative products in the global hearing implants market. The company also aims to integrate new products with digital solutions, to better connect users with hearing care professionals and with Sonova in case of product malfunction.


Touted as “the world’s most innovative cochlear implant company”, MED_EL is one of the leading manufacturers of cochlear implants globally and has been providing hearing care services and products for over 30 years. The company is the second largest contributor to the cochlear hearing implants market. It operates its businesses globally in over 100 countries, through direct sales and distributors and has direct presence in over 20 countries across the globe.

A high investment in R&D is one of the key strategies implemented by MED-EL. This helps in product innovation and increased product launches in the global hearing implants market, strengthening the company’s market position.

Synchrony cochlear implant system, Sonnet, and Rondo 2 are three of the most popular hearing implants devices from MED-EL which are available in the global hearing implants market.  

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Global Precision Parts Market

Innovations in the Healthcare Industry to Push Precision Parts Market Beyond $25 Billion

The global precision parts market is growing at a substantial pace. Precision engineering which is the cornerstone of success in the healthcare and medical device industry is the key contributor to this growth. Medical devices, used to save lives in hospitals and surgery centers across the globe, depend heavily on accuracy and precision during the design and development processes. Precision engineering is also a critical need for high-tech innovations in the medical industry.

Medical devices like anaesthesia machines, defibrillators, patient vital signs monitors, and respiratory ventilators are used in critical conditions and hinge on high levels of precision for their effectiveness. Even the slightest of deviations in the design of precision parts or components for medical devices can result in the failure of the device and result in life-altering consequences including death.  A recent report on Precision Parts Market – Global Outlook and Forecast 2017-2022 says that several precision parts are used to manufacture medical equipment and other life-saving tools, which oftentimes require high precision injection molding.

Precision parts market to ride the constant innovation and technological advances in the bio-medical field

The highly critical work in the healthcare industry and the constant innovation and technological advances in the bio-medical field, necessitates the need to design and develop high devices and creates increasing demand in the precision parts market. These high devices rely largely on precision parts, to perform effectively and without any glitches.

The demand for minimally invasive curative and diagnostic procedures is growing exponentially as both medical service delivery organizations and patients are striving to reduce operational and recovery times and increase the accuracy of diagnosis and treatment. In the wake of the rising demand for such procedures, medical product manufacturers are designing smaller and smaller components with thinner walls and complex and minute features. This is increasing the value of micro-manufacturing in the healthcare industry and consequently the demand for precision parts in the medical devices market.

The precision parts market is being further boosted by the increasing trend among technology providers for forging partnerships with medical device OEMs, to ensure optimized healthcare solutions. With the innovations and developments in the healthcare industry and the increasing focus on no-invasive, cutting edge diagnostic and treatment solutions, medical device OEMs and technology providers can no longer work in silos. It is becoming increasingly imperative for medical OEMs to tap into the events and information resources to understand the opportunities that exist and technologies that need to be tapped into through effective engagements with technology providers.

As per analysts at Arizton, the demand for intricately engineered parts for use in the healthcare sector is set to grow at a CAGR of over 13% during 2016-2022

This will prove to be a significant contributor to the growth of the precision parts market across geographies.

Renishaw Plc., a UK based engineering and scientific technology company and a leading player in the precision parts market, with expertise in precision measurement products has a strong presence in the healthcare industry. Their technology provides support for neurosurgery, dentistry, chemical analysis, craniomaxillofacial surgery, and nanotechnology research process in the healthcare industry. Their market offerings include analytical tools that identify and characterize the structure and chemistry of materials, implants to specialist design centers and hospitals for craniomaxillofacial surgery, products and services that allow dental laboratories to manufacture high-quality dental restorations, and engineering solutions for stereotactic neurosurgery.

Another key player in the precision parts market, Singapore based Beyonics Pte Ltd., provides high value product solutions and precision medical devices for major healthcare companies across the world. It The company operates bio-burdened clean rooms for plastics injection molding and medical devices manufacturing following a strict process and under a controlled environment.

The UK based C. Brandauer & Co Ltd., serves a wide range of industries including healthcare. It specializes in manufacturing high-speed precision stamped components like surgical implants and dental floss cutters, and has technology and products cutting across industries reliant on the manufacturers in the precision parts market.

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Global Glucose Monitoring Devices Market

Glucose Monitoring Devices Market Gearing Up to Fight Anticipated Diabetes Epidemic

The use of glucose monitoring devices market is growing at a fast pace owing to the growing popularity of glucose monitoring devices, in the wake of the rising incidences of diabetes and related diseases worldwide. Unless controlled, this growing prevalence of diabetes can soon take the shape of a global epidemic and can potentially affect close to three-quarters of a billion people by 2045.

Rapid urbanization across geographies are not only changing our lifestyles but also increasing the threat to our health and well-being. The fast paced and erratic lifestyles are exposing us to a multitude of diseases, diabetes being a forerunner amongst them. A market research report on “Glucose Monitoring Devices Market – Global Outlook and Forecast 2018 – 2023, says that according to the World Health Organization (WHO), diabetes is one of the leading causes of increasing mortality rate across the world.

This rising prevalence of diabetes is also exposing us to higher risks of cardiovascular and other diseases.

Analysts at Arizton expect the global glucose monitoring devices market to cross $6 billion by 2023.

Rising adoption of smart gadgets worldwide and increasing acceptance of glucose monitoring devices among women are believed to be the primary factors influencing the growth of the glucose monitoring devices market across geographies.

Smart gadgets facilitating glucose monitoring

Smart gadgets like smartphones are being increasingly used by people across geographies. The innovation and development of smart wearable devices that monitor and track blood glucose level are fast gaining popularity with the mobile and dynamic global urban population who lead an uber-fast life and are most susceptible to high blood glucose levels.

Companies like LifeScan, Dexcom, Dario Health, and other manufacturers in the global glucose monitoring devices market are investing in extensive research and development to build glucose monitoring devices can take blood glucose readings like traditional glucometers, with the added convenience to the users wherein they can automatically interpret their blood glucose level readings by connecting the devices to an accompanying smartphone app.

The OneTouch Verio Flex meter from LifeScan is a compact and portable glucose monitoring device which syncs data seamlessly with the free OneTouch Reveal® mobile app. It uses the ColorSure™ technology that instantly shows whether the monitored blood sugar numbers are in or out of range.

Dexcom G5 CGM system is the only FDA approved glucose monitoring system that works around the clock without pricking the finger. It provides real-time, dynamic glucose information every five minutes — up to 288 readings in a 24-hour period. In this smart device, the glucose levels are shown in vivid colors to help the user identify in which direction the blood glucose level is trending. This provides the user with valuable insight to proactively managing diabetes.

The Dario Smart Glucose meter is a pocket-sized, smartphone-based blood glucose monitoring system, featuring an innovative all in one storage solution that includes a meter and space to put a cartridge of test strips. This device comes with its own built-in lancing device. The detachable measuring unit plugs into a smartphone jack to automatically transfer the readings to the iOS Dario app. Here the user can easily track, monitor, and manage diabetes.

More women using glucose monitoring devices including SMBG devices

The traditional sedentary lifestyle of women, with more focus on household chores and lesser focus on physical activities and fitness, make them prone to diabetes. In most of the geographies across the world, the women population has been found to contribute more towards growing diabetes prevalence and the rising mortality rate due to diabetes.

This trend is, however, witnessing a welcome change. As women are becoming more health conscious and fitness savvy, it is being observed, across geographies, that there is a significant increase in the use of Self-monitoring Blood Glucose (SMBG) devices among women, particularly pregnant women, across geographies.  Women today are better informed and more aware. Pregnant women today, across the world, are showing higher responsiveness to precautionary measures for eliminating the possibility of or controlling the occurrence of diabetes during pregnancy which results in prenatal morbidity and mortality.

These glucose monitoring devices are helping pregnant women track their blood sugar levels and take required precautionary or preventive actions to nip diabetes at the bud.

The various SMBG devices available in the market like blood glucose strips, glucose meters, and lancets are providing pregnant women with the ready tools to monitor and track blood sugar levels during pregnancy without having to disrupt their regular schedules. Glucose strips, the most commonly used SMBG device in the market and a key component for measuring blood sugar levels, are the largest contributor to the global SMBG devices market accounting for more than half of the market share.

The second largest contributor to the global SMBG devices market, glucose meters are used to monitor and provide reading for the blood sugar level in a blood strip. With the innovations and technological advancements, glucose meters have witnessed product enhancement and can now also be connected to smartphones, making them more user-friendly and convenient. This is expected to contribute to the growth of the glucose meters market and make it the preferred choice of women globally who want to monitor and track blood glucose levels during pregnancy.

Lancets, another kind of glucose monitoring device, mainly used in pregnant women, apart from children, avoids painful drawing of blood for testing glucose. The Lancets market is also witnessing a steady growth across geographies.

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HAI diagnostics Market

US Healthcare Staffing Market Set to Become one of the Leading Employment Sectors in the US by 2023

US healthcare staffing market is a fast growing market with increasing demand for nurses and other allied healthcare professionals. According to the US Bureau of Labor Statistics, the demand for registered nurses in the country is expected to grow by 14%–16% between 2017 and 2023, says a recent report on Healthcare Staffing Market in US.

Rising demand for healthcare services because of the country’s growing aging population, various acts such as the Patient Protection and Affordable Care Act (PPACA) also known as ACA, and a growing shortage of registered healthcare professionals are driving the growth of this market.

Analysts at Arizton expect healthcare staffing to become one of the leading employment sectors in the US, crossing the $9 billion mark by 2023.

Shortage of registered nurses to propel the growth of the US healthcare staffing market

About 55% of the overall nursing workforce in the US, is currently above 50 years of age. A significant number of nurses will retire over the next few years which is expected to increase the demand for registered nurses in the US over the next few years. Although the demand for registered nurses will shoot up in the coming years, there is expected to be a considerable demand and supply gap owing to the increasing shortage of registered nurses. This shortfall would create sizeable opportunities in the US healthcare staffing market. Considering that the numbers of registered nurses expected to retire, the US will need more than one million registered nurses during the next five years.

Owing to this considerable demand, the US healthcare staffing market is expected to grow significantly over the next few years.

Market consolidation to help US healthcare staffing companies gain larger market share

Bigger players in the US healthcare staffing market are using strategic acquisitions to gain market share, expand geographically in the US, and enhance existing capabilities to serve a broad array of the customer base.

The demand for healthcare professionals are increasing across the country in the wake of increasing shortage of registered nursing staff, a fast rising aging population, and increased utilization of healthcare services made available through Patient Protection and Affordable Care Act or ACA. To cater to this continuously increasing demand, healthcare staffing companies are now forced to look beyond their own pool of candidates. This is pushing the bigger companies in the market to turn towards acquisitions to provide them with the resource pool needed to sustain the demand and to support revenue growth.

A fine example of market consolidation in the US healthcare staffing market is Cross Country Healthcare’s acquisition of Medical Staffing Network in June 2015 which helped it clinch the third spot in terms of revenue generation and market share. Also, the recent acquisition of Advantage RN in June 2017 helped the company secure leadership position in the per diem nurse staffing market in the US, surpassing Maxim Healthcare.

Shift towards ambulatory services to promote the growth of the US healthcare staffing market

The US healthcare staffing market in the US is witnessing a visible shift from inpatient services to ambulatory or outpatient settings. High-quality ambulatory settings like ambulatory surgery centers are gaining popularity as they are lower-cost alternatives for in-hospital settings. They not only ensure cost-effective care to patients but also save money for governments and third-party payers. Studies indicate that procedures in ambulatory surgical centers save billions of dollars for the Medicare. The amount paid by Medicare to ambulatory surgical centers is only 55%-60% of the amount it pays to hospital outpatient departments for performing the same set of services as of 2017.

This shift towards ambulatory services is being ably supported by hospitals and other healthcare systems who are focusing on becoming more cost-effective by streamlining their healthcare delivery processes to control the quality of patient care.

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Global Precision Parts Market

Precision Parts Product Making their Presence Felt from Aerospace to Healthcare Industries

Precision engineering has evolved into a niche industry segment. Since the last few years, industrial automation architectures have been witnessing the emergence of advanced technology intended to create efficient, responsive, and flexible manufacturing. These evolving superior integrated industrial automation systems have completely open source communications, application interchange standards, and contextual data definitions and frameworks.

This evolution necessitates highly engineered precision parts product in key end-user sectors that are manufactured on a standalone contractual basis. This need for precision engineered parts is supported by faster technology curve in the end-user segments such as semiconductor fabrication, automotive assembly, and machinery and equipment design.

Global Precision Parts Product Market: Insight

According to a market research report, Precision Parts Market – Global Outlook and Forecast 2017-2022 by Arizton, the need for smart prototyping and low time-to-market has increased the demand for precision parts product in healthcare and revolutionary upgrades in CNC machines. Cost sensitivity of medium- and large-scale end-users and infrastructure development in developing economies are the major drivers for the growth of the global precision parts product market.

From sales of wrist watches in the developing markets of India, China, and Southeast Asia to the rapid transformation in precision healthcare solutions, driven by the advancement in IoT and its focus on scalability, connectivity, security, and sustainability and from the aerospace industry wherein thousands of components are sourced and assembled at various hierarchies to semiconductor fabrication plants involve a high degree of automation with absolute emphasis on cleanliness, accuracy, and safety; high-performance components and precision parts product  play a major role.  Analysts at Arizton believe that the global market will cross $225 billion by 2022, due to the expected extensive use of computers in almost all conventional industrial and institutional applications over the next few years.

Manufacturer Dynamics

The major manufacturers in the global market included in the report are Renishaw Plc., W.M. Berg Inc., Beyonics Pte Ltd., Precision Castparts Corp., C. Brandauer & Co. Ltd. Other prominent vendors in the global market include Aequs Pvt. Ltd., Camcraft, MMI Precision Manufacturing, KKSP Precision Machining LLC, Ashley Ward Inc., Motherson Orca Precision Technology, PEKO Precision Products, HEICO Corp., Univac Precision Engineering Pte Ltd., and Dixi Cylindre SA.

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Global Glucose Monitoring Devices Market

Smart Gadgets Changing Global Glucose Monitoring Devices Market

Diabetes is one of the leading causes of increasing mortality rate across the world. Growing incidences of diabetes worldwide have made governments, institutions, and market players to work toward reducing the prevalence of diabetes by creating awareness about the use of home-care products for blood sugar monitoring.  This has opened up the glucose monitoring devices market across the globe.

Global Glucose Monitoring Devices Market: Insight

According to a market research report, Glucose Monitoring Devices Market – Global Outlook and Forecast 2018 – 2023 by Arizton, the major drivers for the growth of the global glucose monitoring devices market are the increasing incidence of diabetes across the globe, growing adoption of smart gadgets to monitor blood sugar level, and rising acceptance of sugar monitoring devices among women.

The market for both self-monitoring blood glucose (SMBG) devices that are used to monitor blood sugar levels without the assistance of medical professional and continuous glucose monitoring (CGM) devices, which automatically track blood sugar level with the help of a sensor fitted under the skin and controlled using mobile applications and smart gadgets is on the rise across the world.

According to the report, the demand is expected to show a considerable increase over the next few years, growing at an impressive CAGR of 8.38% over 2017-2023 and crossing $6 billion by 2023.

Global Glucose Monitoring Devices Market: Vendor Dynamics

The competitive scenario in the global glucose monitoring devices market is currently intensifying, riding on the rapidly changing technological environment and high investment in R&D by market vendors. The market is fragmented with many global players providing monitoring devices with high accuracy and compatible with mobile applications. Analysts at Arizton believe that the global players would grow by the acquisition of regional or local players during the forecast period. Abbott, F. Hoffmann-La Roche, LifeScan, and Medtronic are the major vendors in the market. Other prominent vendors include Mediwise, Medisana, Ascensia Diabetes Care, International Biomedical, Integrity Applications, Hemocue, Philosys, B. Braun, Terumo Europe, Acon Laboratories, A. Menarini Diagnostics, Bioptik Systems, Dexcom, AgaMatrix, Wama Diagnostica, 77 Elektronika, National Diagnostic Products, Beurer, Alere, Senseonics, Taidoc Technology, Echo Therapeutics, Panasonic Healthcare, BD, Bionime, Nova Biomedical, Arkray, Animas, Dariohealth, Integrity Applications, International Biomedical, Menarini Diagnostics, Nemaura, Nipro Diagnostics, Nova Biomedical, Omnis Health, Owen Mumford, Novo Nordisk, Innovus Pharmaceuticals, and Glysens.