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The global biosensors market was valued $1.46 billion in 2017. With the growing prominence of point of care testing services, aided by rising geriatric population and rapid incorporation of biosensing technologies in non-medical applications, the global biosensors market is anticipated to witness an impressive double-digit growth rate.
The global blockchain in the healthcare market is expected grow at a CAGR of 63.85% from 2018 to 2025, to reach a value of $5.61 billion by 2025. The use of blockchain for healthcare data exchange will contribute the largest market share throughout the forecast period, reaching a value of $1.89 billion by 2025.
Genetic diseases have been responsible for approximately 25% of the global economic burden for diseases. The advent of CRISPR technology has transformed the field of genome editing and paved pathways for development of several gene therapies for the treatment of various genetic diseases. The global CRISPR technology market is expected to reach $10.55 billion by 2027.
The global electrosurgical devices market was estimated at $2.64 billion in 2016 and is anticipated to reach $4.33 billion by 2023. With the increasing demand for minimally invasive surgeries, increasing geriatric population with higher life expectancy, and new product launches by several conglomerate companies, the electrosurgical devices market is expected to witness moderate growth.
The demand for sense and avoid systems used in UAVs is rapidly increasing among different applications across the globe. The market is driven by number of factors such as rise in the demand of autonomous drone for beyond visual line of sight operations. The UAVs equipped with sense and avoid systems are increasingly being adopted in commercial as well as non-commercial applications.
The silicon germanium materials & devices market is projected to grow from $XX million in the year 2016 to $5,045.3 million by 2021, at a CAGR of 13.7 from 2016 to 2021. This growth is highly attributed to the increasing requirement for huge data transfer, high applicability in wireless communication systems and rising demand from automotive sector for sophisticated sensors and radar systems.
The airborne LiDAR system market reported a revenue of $732.4 million in 2016, and the UAV platform is expected to generate the highest revenue by 2021.
The demand for light weapons is swiftly increasing among different end-users across the globe. The market is driven by several factors, such as increasing terrorist incidents, rising instability in Middle-East and Africa, and military modernization programs, among others.The light weapons market accounted for a market value of $10.21 billion in 2016, with military end-user holding the highest share.
The global POCT market was estimated at $13.87 billion in 2017 and is estimated to grow over $23.92 billion by 2026. The rise in the geriatric population along with the increased prevalence of chronic diseases is expected to boost the demand for POCT devices and drive growth of the global market.
The global big data in healthcare market was estimated to be worth $14.25 billion in 2017, and is expected to grow over $68.75 billion by 2025, driven by growing adoption of cloud storage and analytics, large scale government initiatives to promote data driven innovation, and growing demand for wearables, and mhealth applications among consumers.
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