Retail Industry Growth to Drive Barcode Printers Market Demand

Industry Overview

Barcode Printers Market Size is projected to be evaluated at more than $4.6 billion by end of forecast timeframe registering a CAGR of about 8.7%. Retail sector growth along with rising demand for portable printers are key aspects fuelling the industry growth during forecast timeline.

Retail barcode printers market share was evaluated at more than $350 million for 2014 and is predicted to surpass $801 million by end of forecast timeframe. These equipments are widely used in applications like shelf labeling, price-tag printing, product labeling and point-of-sale. Many retail stores have started implementing mobile checkout concept where printers and handheld scanners help retail associates to print receipts, scan items and process payment in the store. All these factors are predicted to propel industry expansion during forecast timeframe.

EMEA barcode printers market size by application, 2012 - 2022 (USD Million)

Barcode printers are also used for automatic identification, personal identification and data collection. They are used by firms in various applications for enhancing output, improving consumer service and offering good security service to their customers.

But threat of a substitute product is anticipated to hinder industry growth in future.

Read full market research report “Barcode Printers Market Size By Technology (Laser, Ink-Jet, Impact, Direct Thermal, Thermal Transfer), By Product (Desktop, Mobile, Tabletop/Industrial), By Application (Retail, Manufacturing, Shipping, Government, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022”, please click on the link below: 

https://www.gminsights.com/industry-analysis/barcode-printers-market-size

Application Trends

The industry is segmented into various applications like production and healthcare. Production was leading application segment and contributed about more than 35.1% of total industry share for 2014. The growth can be contributed to its high use in inventory labeling, tracking work in progress events and maintaining inventory control.

Healthcare segment was predicted to surpass $600 million by end of forecast period. This can be mainly credited to widespread use of barcode printers in patient id systems as well as patient tracking systems. It prevents medical errors by permitting access to reliable and concise patient data for sample collection, point-of-care medication administration, surgical methods and other patient care events.

Product Trends

Barcode printers market was segmented into different products like mobile printers and industrial barcode printers.

Mobile printers are utilized for printing tickets, receipts and labels. They are also utilized in many field based applications varying from purchase invoice to work order owing to its user friendly features, low maintenance price and low cost consumables. These printers are growingly installed by firms to help employees in their work.

Industrial barcode printers segment contributed more than 60.1% of the total revenue share of the industry for 2014 and predicted to retain its industry domination during forecast timeline. Factors contributing to the growth of the segment are its utilization in harsh environment and its use in high volume applications like warehouse labeling and order labeling.

Technology Trends

The industry is segmented into various technologies like direct thermal printing & impact printing.

Direct thermal printing develops picture on printing substance without ribbon and is useful in applications with short life cycle like labels and shipping receipts. It is predicted to be a high growth application segment with CAGR of more than 9.6% during forecast timeline.

Impact printing includes printing by dot matrix printers and drum printers. Dot matrix printer is used to create low density or medium density onsite barcodes through many dots printed in form of matrix.

Regional Trends

Global Industry is segmented into key geographical regions like North America, Europe, Asia Pacific, Latin America and MEA(Middle East & Africa).

North America contributed more than 30.1% to the total revenue share of the global barcode printers market for 2014 and is predicted to retain its industry domination in future. The growth can be credited to growing demand for barcode printers from U.S.

Asia Pacific is predicted to witness substantial industry expansion due to large scale capital investments by multinational companies in retail and industrial infrastructure. Further, heavy presence of manufacturing units in the region is also predicted to boost the demand during forecast timeframe.

Competitive Trends

Key industry participants profiled in the report include Honeywell Scanning & Mobility, Brother Mobile, Toshiba Tec, SATO Holdings Corporation, Dascom Holdings, Zebra Technologies, Canon Incorporation, Avery Dennison, Printronix, Avery Dennison, Oki Electric Industry Company Limited and Printek Incorporation.

These industry participants implement key business strategies like mergers & acquisitions and form strategic alliances or joint ventures with regional players in order to enhance their geographical presence, increase their product portfolio and grow their revenue share. 

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Information Source: Global Market Insights, Inc

Rising Focus on Power Savings to Promote High Brightness (HB) LED Market Growth

Overview

Global High Brightness (HB) LED Market size was evaluated at more than $ 15 billion for 2015 and is predictedto surpass revenue of $22 billion by end of 2023 at CAGR of 4.9%.Growing government focus on power conservation is predicted to drive expansion of the industry in future.Increasing use of high brightness LED bulbs in heat responsive applications like food illumination and textile due to infrared radiation absence is predicted to promote the industry growth during forecast timeframe.

U.S. high brightness (HB) LED market size, by application, 2012-2023 (USD Billion)

These high brightness LED (light emitting diode) bulbs offer enhanced efficacy in comparison to other kinds of bulbs. These equipments are strong and are predicted to have greater lifespan as compared to traditional incandescent bulbs with life time range of 50,000 hours to 100,000 hours. LED technology is one of the effective light sources and helps in 50 to 70 percent of power savings as compared to conventional technologies. It also helps in reducing carbon emissions and thus propels the demand & growth of the industry during forecast timeframe.

High life span of the LED bulbs is predicted to minimize maintenance and replacement costs. This factor drives installation of these equipments at comparatively inaccessible locations. Producers are now concentrating on low global high brightness (HB) LED market cost strategy to fuel the demand for bulbs in future.

But high cost per lumen and highinitial price is predicted to hinder the acceptance across the sector. High price is owing to comparative low lumen power production supply. Cool white LED (light emitting diode) bulbs emit extra blue light as compared to traditional sources of light like sodium bulbs. This light causes pollution which can be a serious threat to environment in future. All these factors can inhibit the growth of industry.

Read full market research report “High Brightness (HB) LED Market Size By Application (Backlight TV/monitor, Mobile, Sign (Signal Devices & Advertising Panels), Lighting, Automotive), Industry Analysis Report, Regional Outlook (U.S., China, Japan, South Korea), Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/high-brightness-HB-LED-market

Application Overview

The industry is segmented into lightning application and mobile application. Lightning application is predicted to surpass $7.4 billion by registering CAGR of about 6% during forecast timeframe. The expansion can be credited to rising customer confidence and constant rise in down light sales, replacement bulb sales and sale of industrial & commercial items.

Mobile application is predicted to touch $3.61 billion by end of 2023 and register a CAGR of 5.1% during forecast timeframe. Growing acceptance of mobile equipments is predicted to fuel the demand of LED bulbs in future.

Regional Overview

APAC, with China & India, high brightness (HB) LEDmarket was evaluated at more than $7 billion for 2015 and is predicted to register CAGR of 5.51% during forecast timeframe. Many countries in APAC like Japan and China have taken initiatives for power conservation by making use of LED technology. For example, China is promoting use of LED technology by offering incentive and discounts. It is also assisting the local LED manufacturing firms to enhance their production capacity.

Europe high brightness (HB) LED market share is predicted to display substantial expansion due to presence of many key industry players in the region. It is predicted to register CAGR of 4.4% during forecast period.

Competitive Trends

Key industry players profiled in the report include Samsung Electronics Company Limited, Cree Information, Moritex Corporation, OSRAM GmbH, Nichia Corporation, Sharp Corporation, Kingbright Electronic Company Limited, Seoul Semiconductor Company Limited and Broadcom Limited.

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Information Source: Global Market Insights, Inc

Increasing Smart Device Sales to Drive Earphones and Headphones Market Trend

Industry Trends

Global Earphones and Headphones Marketsize was evaluated at $11.68 billion for 2015 and is predicted to surpass $18 billion by end of 2023 registering CAGR of 4.6% during forecast timeframe.Product miniaturization due to changing consumer tastes and technological breakthroughs is predicted to drive profit in future. Enhanced level of compatibility with personal electronics like smartphones, music players and tablets is predicted to positively affect earphone & headphone use. Further, increasing amount of features like Wi-Fi, Bluetooth and Infrared in wireless products are projected to fuel industry growth.

Europe earphones and headphones market size, by technology, 2012-2023 (USD Million)

Increased product growth and product differentiation have resulted in earphones& headphones market price trend. Rising incorporation of new features, tough competition, rise in purchasing capacity of consumers and superior branding activities are predicted to drive the industry growth.

However, presence of big unorganized segment in APAC, particularly in nations like Taiwan, China, Indonesia and India can inhibit the industry growth substantially. Further, rising acceptance of counterfeit items owing to cost sensitivity is anticipated to hinder the earphones and headphones market expansion in future.

Read full market research report “Earphones And Headphones Market Size By Technology (Wired, Wireless), By Product (In-Ear, Over-the-Ear), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, India, China, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/earphone-and-headphone-market

Technology Trends

The industry is segmented into two kinds of technologies that include wired technology and wireless technology.

Wiredearphones and headphones segment size was evaluated at greater than $10.1 billion dollars for 2015 and is predicted to register CAGR of 4.7% during forecast timeframe.

 Key technological breakthroughs in wireless items will promote the demand across high fidelity earphones and headphones segment. Active noise control technology for improved hearing experience is predicted to drive the segment growth.

Dealers stress on developing methods to produce more technologically advanced equipments that fulfills customer requirements. All these factors can contribute towards industry expansion.

Product Trends

Global industry is segmented into earphones, headphones and sport headphones.

Earphones segment share was evaluated at more than 70% of total size for 2015. The growth of this segment is credited to heavy customer demand for its utilization along with portable personal electronic equipments. Factors like increasing smartphones sales, rising disposable incomes and product replacement trends are projected to contribute towards the industry growth.

Headphones segment is predicted to surpass $6 billion by end of 2023. Sports headphones embedded with many features are predicted to gain large industry share during forecast timeframe.

Regional Trends

U.S. earphones and headphones market is predicted to register a CAGR of 4.8% and its size is predicted to cross $5.1 billion by end of 2023. Producers areanticipated toadhere to the rules, legislations and standards set by legal authorities like director of federal register and OSHA (Occupational Safety and Health Organization) related to use of exact components in production.

China accounted a large portion of the APAC earphones and headphones industry share for 2015 and is predicted to dominate the regional industry during forecast period.

Competitive Trends

Key industry players profiled in the report includes Shure Incorporated, Sony Corporation, Sennheiser Electronics, Panasonic Corporation, Bose Corporation,Apple Incorporation, Grado Labs, Aclair, JVC, Phillips, Pioneer Corporation, Skullcandy and Ultimate Ears.

Current dealers are aiming to grow their distribution channels to sustain in global industry. Producers invest enormously in research & development activities and highlight on creating new products that provide optimum product differentiation and technological innovation.

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Information Source: Global Market Insights, Inc

Growing Demand for Paints & Coatings to Drive Methyl Ethyl Ketone (MEK) Market Growth

Industry Overview

Methyl Ethyl Ketone (MEK) market size was evaluated at more than 1.41 million kilo tons for 2014 and predicted to surpass 1.91 million tons by end of forecast period registering CAGR of more than 4%. Rise in demand for paints & coatings due to increase in construction expenditure in APAC and MEA is predicted to drive the industry trend during forecast timeframe.

(Methyl Ethyl Ketone) MEK market size, by application, 2012-2022 (Kilo Tons)

It is generally used as a solvent in coatings & paints applications due to its characteristics like high rate of evaporation, low viscosity and strong solvency. Rise in automobile sales during last few years and predicted increase in vehicle production globally during forecast timeframe is anticipated to promote industry growth for coatings & paints applications.

Methyl Ethyl Ketone is used in alcohol to produce products like lotions, anaesthetics, medical drugs and antiseptics for pharmaceutical sector. Growing medicine penetration and breaking quaternary protein structure are the key factors for its utilization in pharmaceutical applications. Increasing downstream and crude petrochemical supply is predicted to increase Methyl Ethyl Ketone (MEK) market price trend during forecast timeframe.

However, strict ecological norms related to health issues are predicted to inhibit the industry expansion. U.S environmental protection agency implemented 33/50 program which makes it mandatory for a firm to reduce emission of particular type of high priority toxic chemical like Methyl Ethyl Ketone.

Read full market research report “Methyl Ethyl Ketone (MEK) Market Size By Application (Paints & Coatings, Adhesives, Printing Inks), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Landscape & Forecast, 2015 – 2022”, please click on the link below:

https://www.gminsights.com/industry-analysis/methyl-ethyl-ketone-MEK-market

Application Overview

The industry is segmented into two key areas of applications like paints & coatings and printing ink.

Paints & coatings application led the industry by contributing greater than $1.2 billion revenue for 2014. It is predicted to experience substantial gains during forecast timeframe. The segment includes solvent- borne technologies, powder coatings, specialty coatings and waterborne coatings. Growing demand for powder coatings from electronics as well as automobile sectors is predicted to promote the demand for Methyl Ethyl Ketone.

Printing inks application contributed more than 14% of total segment size for 2014 and is predicted to experience substantial expansion till end of forecast period. Methyl Ethyl Ketone is widely utilised in printing sector due to benefits like permitting specialized ink formulation, exceptional drying times and adhesion with substrates like metals, glass and plastics offered by it. Expansion of end use industries like cosmetics, food processing and pharmaceuticals are predicted to promote the demand for this application.

Regional Overview

APAC Methyl Ethyl Ketone (MEK) market dominated the global industry for 2014 with China’s contribution being maximum to the industry growth in the region. It contributed about more than 35% of total deployed capacity. Expansion of end use industries like electronics, construction and automobiles is predicted to promote the demand in the region.

APAC construction segment was led by Indonesia, China and India. It was the biggest segment for 2014 and contributed about 40% of the total size during that year. This is predicted to be a key factor contributing to industry growth during forecast timeframe.

North American industry was led by U.S. Methyl Ethyl Ketone (MEK) market which contributed more than 18.1% of the industry share for 2014. North America is predicted to experience moderate growth during forecast timeframe due to factors like stringent ecological norms set up by respective governments and heavy emphasis by government on firms to use green solvents.

MEA contributed small industry share with nations like Bahrain, Saudi Arabia, UAE and Qatar Methyl Ethyl Ketone (MEK) industry size predicted to experience rise in demand from paints & coatings application due to expansion of construction sector.

Competitive Trends

Key industry players profiled in the report include Maruzen Petrochemicals Company Limited, Lanzhou Petrochemicals, Ineos Solvents, Tonen Chemicals, ExxonMobil, Sasol Limited, Zibo Qixiang, Shell Chemicals, SK Energy Company Limited, Idemitsu Kosan Company Limited, Tasco Chemicals, Fushun Petrochemical Company, Arkema and Petro China.

Top four industry players have captured more than half of the global Methyl Ethyl Ketone (MEK) market share.

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Information Source: Global Market Insights, Inc

Rising Healthcare Awareness Among Consumers is Driving Pea Protein Market Demand

Overview

Pea Protein Market size was evaluated at 11.6 kilo tons for 2015 with demand forecast of more than 33 kilo tons by end of 2023 and CAGR predicted to be around 13.6% during forecast timeframe. Growing healthcare consciousness is predicted to enhance the industry size during forecast period. Other advantages of pea protein consumption are substantial iron contents, allergen friendliness and branched amino acids.

Europe pea protein market size by application, 2012 - 2023 (Tons)

Pea proteins are easily digestible and allergies to protein constituents are rarely observed among the consumers. Positive pea protein market price trend and price efficacy over its equivalents are few of the factors predicted to fuel industry expansion in future.

Less adoption of protein sources except soy is predicted to inhibit industry expansion. Low degree of versatility of these protein constituents can also hinder the demand of the industry.

Read full market research report “Pea Protein Market Size By Product (Concentrate, Isolate, Textured), By Application (Nutraceuticals, Meat substitutes, Sports Supplements), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/pea-protein-market

Product Insights

Pea protein products are segmented into pea protein isolates, textured pea proteins and pea protein concentrates depending upon protein proportion.

Pea protein isolates segment contributed greater than 40% of the total industry share for 2015 and is predicted to dominate the product segment. It is predicted to register CAGR of 13.9% and exceed 14.6 kilo tons size by end of forecast period. Increasing use of these products is observed in food & beverage sector owing to its emulsifying features and non allergy characteristics.

Textured pea protein segment has experienced rising acceptance in food supplements and beverages due to high fiber content. It is predicted to produce revenue of more than $35 million by end of forecast timeframe.

Application Insights

The key applications of the pea proteins include meat substitutes, food supplements, food & beverages and sports supplements.

Pea protein market share for meat substitute application was more than 34.5% in 2015. The factor contributing to the growth of the segment was increasing preference for protein rich food among the consumers leading to more consumption of meat substitutes.

Global size in sport supplements application is predicted to register CAGR of 13.7% during forecast timeframe. Products like ready to drink beverages, nutrition bars and snacks containing pea protein constituents are few factors predicted to contribute towards the segment growth. These constituents consist of glutamine and lysine which help to preserve nitrogen proportions during workouts. Further, it also consist arginine that helps maintain health of heart and act as a stimulant for metabolism of heart muscles.

Regional Insights

APAC is predicted to register highest growth of 16.91% during forecast timeframe. Key drivers include growing vegetarian population, use of innovative extraction methods and increasing research & development activities taken by many firms based in the region.

U.S. pea protein market share is predicted to grow owing to demand for sustainable and healthy products having good taste and pleasant texture. Introduction of gluten-free products consisting pea proteins as their key constituents supports industry growth in the region. North American region is predicted to contribute more than 30% to the total revenue share of the global pea protein market in future.

Competitive Insights

Key industry players profiled in the report include Fenchem, Martin & Pleasance, Scoular Company, Cosucra Groupe Warcoing, Nutri-Pea Limited, Shandong Jianyuan Foods Company Limited, Burcon Nutrascience Corporation, Roquette Freres, Sotexpro, Yantai Oriental Protein Tech Company Limited and Prinononeoldings LLC.

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Information Source: Global Market Insights, Inc

Rising Awareness About Employee Health & Safety Drives Personal Protective Equipment (PPE) Market Growth

Industry Overview

Global Personal Protective Equipment (PPE) Market size is predicted to touch $67.66 billion by end of 2023 and register a CAGR of 7.3% during forecast timeframe. Growing consciousness about employee safety & health along with high accident rate owing to unavailability of protective gear is predicted to promote personal protective equipment (PPE) industry growth during forecast timeframe.

OSHA (Occupational Safety and Health Administration) security guidelines across U.S. and Europe will fuel the industry growth. Technological breakthroughs, highlighted on low priced and durable materials, is predicted to play a vital role to assure a stable personal protective equipment(PPE) market price trend and continue industry penetration.

India Personal Protective Equipment (PPE) market size, by product, 2015

Healthy economic and infrastructure indicators in countries like India and China are predicted to drive the industry growth in future. Government investments in infrastructure projects in India amounted to $155 billion for 2014 and this gives an implication about the kind of business opportunities existing in these regions for PPE suppliers & distributors.

Industrial production in China expanded by 7.7% in 2014 with more growth recorded in automotive sector, mining industry, chemical fibre industry, industrial machinery segment, gas distribution sector, metal fabrication industry and electrical equipment segment.

Read full market research report “Personal Protective Equipment (PPE) Market Size By Product (Head, Hearing Protection, Hand Protection, Protective Clothing, Eye & Face Protection, Protective Footwear, Respiratory Protection, Fall Protection), By Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceuticals, Food, Transportation), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Russia, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/personal-protective-equipment-PPE-market

Product Overview

Industry is segmented into various kinds of products like hand protection, fall protection, industrial protective clothing, protective footwear and others.

Hand protection segment size was valued at $8.7 billion for 2015 and predicted to record more than $14.9 billion of revenue by end of forecast timeframe. Chemical industry, food industry, production sector, pharmaceutical sector and construction sector are key industries contributing major share in demand & growth of this segment.

Fall protection segment is predicted to register CAGR of 7.9% by 2023. Oil & gas industry, power & energy sector and defence sector are the key applications of this segment.

Industrial protective clothing segment size is predicted to surpass $15 billion by end of forecast period. Strong regulations towards reducing injury & fatality from fire, nuclear or chemical risks are predicted to play a significant part in segment growth. It is projected to register more than 18% revenue by end of forecast timeframe.

Other products include hearing, head, respiratory protection and face.

Application Overview

Manufacturing applications contributed to about more than 20% of industry revenue for 2015 and is predicted to contribute substantial portion to personal protective equipment market share.

Transportation applications are predicted to offer significant industry growth avenues and contributed about $5 billion revenue for 2015. Construction application is yet another highly expanding application segment with CAGR prediction of about 7.5% by end of 2023. Overhead expenses related to workplace casualties are predicted to enhance the product penetration in the segment in coming years.

Oil & gas application was evaluated at more than $6 million for 2015 in terms of size and is predicted to surpass revenue of $11 billion by end of 2023.

Pharmaceuticals, chemical processing and food technology are few of the other key areas of applications.

Regional Overview

U.S. personal protective equipment (PPE) market size was projected to be more than $ 12 billion for 2015 and is predicted to expand strongly during forecast period. Growing occupational fatality rate along with increasing requirement for highly robust involuntary wear resistant & utility protective gears across main industries are predicted to drive the industry growth in the region.

Europe is predicted to witness sluggish industry growth in future due to weak economic drivers and slow production index across European Union.

APAC personal protective equipment (PPE) market is predicted to surpass revenue of $13 billion by end of forecast period. Countries like China and India are predicted to contribute to the industry growth of the region.

MEA and Latin America personal protective equipment industry size is predicted to expand more than 7% during the forecast timeframe.

Competitive Trend

Key industry players profiled in the report include MSA Company, 3M Company, Cigweld, Radians, Uvex Safety Group, JAL Group Italia Srl, DuPont, Honeywell, Ansell Limited, Oftenrich Holdings Company Limited, Alpha Pro Tech Limited, Avon Rubber p.l.c, COFRA Srl, Rock Fall Limited, BartelsRiegerAtemschutztechnik GmbH & Co. KG, Mallcom, Polison and Gateway Safety Incorporation.

Honeywell was the global industry leader for 2015 contributing about more than 27% of the industry share.

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Information Source: Global Market Insights, Inc

Rising Prevalence of Cancer Drives Carcinoembryonic Antigen (CEA) Market Growth

Global Carcinoembryonic antigen (CEA) market size was evaluated at $1670 million for 2015 and is predicted to register CAGR of 6.6% surpassing $2800 million mark by end of forecast period. The industry is predicted to experience high growth during forecast timeframe due to factors like growing occurrence of cancer, favourable government policies, development of new immunological methods like radioimmunoassay and growth of new biomarkers. But less sensitivity & specificity of the tests along with heavy competition from more sensitive biomarkers is predicted to hinder the industry growth.

North America carcinoembryonic antigen market size, by application, 2014-2023 (USD Million)

Quest diagnostics incorporation, leading service provider of diagnostic information, had acquired Summit Health, a leading service provider of wellness & onsite prevention. The joint business is now referred as Quest diagnostics health & wellness services. Quest offers direct to employer services while summit health provides private label services which health improvement firms can resell to other customers or employers. In future, this combined firm will add service extensions to both private label offerings as well as direct to employer offerings. 

Browse key industry insights spread across 72 pages with 33 market data tables & 31 figures from the report, “Carcinoembryonic Antigen (CEA) Market Size By Application (Colorectal, Pancreatic, Ovarian, Breast, Thyroid Cancer], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Spain, Japan, China, India, Mexico, Brazil, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 - 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/carcinoembryonic-antigen-cea-market

Global Carcinoembryonic antigen (CEA) market is segmented into key geographical regions including North America, Asia Pacific, Europe, Latin America and MEA.

North America led the global industry in terms of revenue for 2014 due to high occurrence of cancers in patients, favourable compensation policies, high levels of patient consciousness and presence of modern healthcare infrastructure along with comparatively greater healthcare spending in the region. It is predicted to surpass $800 million in 2016 due to enhanced healthcare services and growing levels of consciousness to identify cancer at early phases. Further, technological breakthroughs along with launch of new particular biomarkers and antigens will fuel industry growth in the region.

Asia Pacific Carcinoembryonic antigen (CEA) market is predicted to grow rapidly during the forecast period due to factors like fast improving healthcare amenities, high disposable income, rise in levels of patient consciousness about new cancer treatments, increase in healthcare spending, favourable government initiatives related to eradication of cancer, presence of unexplored avenues and economic growth. Further, the industry growth in the region is driven by countries like China and India which has huge pool of cancer population. The region is predicted to surpass $380 million by end of the forecast period. 

The global industry is highly consolidated and hence key players are involved in mergers & acquisitions, joint ventures and strategic alliances. 

Key industry players profiled in the report includes:

• Correlogic Systems Incorporation

• Quest Diagnostics

• Abbott Diagnostics

• Roche Diagnostics

• GenWay Biotech Incorporation 

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