According to Stratistics MRC, the Global Medicated Feed Additives Market is accounted for $ 11,837.89 million in 2017 and is expected to reach $ 20,170.32 million by 2026 growing at a CAGR of 6.1% during the forecast period. The growing awareness about meat & dairy products and concerns related to livestock health and industrialization of animal processed products are the major drivers of the medicated feed additives market. However, the stringent regulations regarding the use of medicated feed additives are restricting the market growth. Medicated feed refers to all the products intended to be an important source of nutrient in animal diet. It includes various types of diet components such as supplements, concentrates etc. Medical...
According to Stratistics MRC, the Global Decorative Laminates Market is accounted for $6.99 billion in 2017 and is expected to reach $10.22 billion by growing at a CAGR of 4.3% during the forecast period. Key factors driving the decorative laminates market include upcoming cultural and fashion trends in interior designing, increase in demand from the flooring industry, cabinets, and rise in demand from the rebounding housing markets. However, High cost of high pressure decorative laminates acts as a restraint to market growth. Decorative laminates are laminated products used as furniture surface materials or wall panelling. They are commonly used as an overlay over wooden furniture. Decorative laminates are an essential part...
According to Stratistics MRC, the Automotive Human Machine Interface Market is accounted for $17.96 billion in 2017 and is expected to reach $50.61 billion by 2026 growing at a CAGR of 12.2% during the forecast period. Low cost HMI enabling software, growth in connected vehicles, rising demand for enhanced user experience and convenience features, increased adoption by OEMs are some of the factors fuelling the market growth. However, high cost of advance HMI systems, high power consumption, and cyber security threats are restricting the market growth.
According to Stratistics MRC, the Global Automotive Paints & Coatings Market is accounted for $19,112.56 million in 2017 and is expected to reach $28,159.40 million by 2026 growing at a CAGR of 4.3% during the forecast period. The major driving factors of automotive paints & coatings market are constant improvement in their property and functionality, increase the durability, presentation, and performance of end-products. However, difficulty in sourcing the raw material and volatile prices of raw material are restraining the automotive paints & coatings market. Global Automotive Paints & Coatings play an important role in the automotive industry. They are not only used to enhance the appearance for the purpose of beautification...
According to Stratistics MRC, the Global Medical Robotic System Market is accounted for $6,078.31 million in 2017 and is expected to reach $33,652.34 million by 2026 growing at a CAGR of 20.9% during the forecast period. Factors such as technological advancements in medical robotic system, increase in funding for medical robots research and issuance of IPOS by medical robot companies are fuelling the market growth. However, the safety concerns over robotic surgery devices are hampering the market.
According to Stratistics MRC, the Global Tire Cord Fabrics Market is accounted for $4.15 billion in 2017 and is expected to reach $7.89 billion by 2026 growing at a CAGR of 7.4% during the forecast period. Rise in vehicle usage and growth in the awareness for biodegradable products are some of the factors propelling the market growth. However, fluctuating raw material prices is hindering the market growth. Tire cord fabric is an industrial grade fabric that is manufactured through the use of high persistence yarns. It play the role of reinforcing materials in automotive and vehicle tires and are designed and used in a way that helps sustain the shape of tires, while concurrently following vehicle weight. Tire cord fabrics impart...
According to Stratistics MRC, the Global Shrink Films Market is accounted for $3.82 billion in 2017 and is expected to reach $6.87 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Rising e-commerce industry and huge demand from end-use industries are some of the factors propelling the market growth. However, price fluctuation and strict regulations by various governments are hampering the market growth.
According to Stratistics MRC, the Global Nephrostomy Devices Market is expected to grow at a CAGR of 8.0% during the forecast period. Factors such as growing incidence of kidney stone and rising incidence of ovarian cancer, bladder cancer and prostate cancer are propelling the market growth. However, alternative measures such as ureteral stenting is hampering the market growth. Nephrostomy catheter is the most important option for drainage of an obstructed urine collecting system. It is generally inserted under local anesthetic, which works by temporarily diverting urine from place of blockade. Hydronephrosis is the common indication characterized by blockade of one or both the ureters, for which nephrostomy catheters are used.
According to Stratistics MRC, the Global Automated Breast Ultrasound Systems (ABUS) Market is accounted for $565.0 million in 2017 and is expected to reach $2,368.4 million by 2026 growing at a CAGR of 17.3% during the forecast period. Increasing extensive research and development, growing government advocation towards the breast cancer awareness and rising technological advancement are some of the factors driving the market growth. However, high maintenance and manufacturing cost is hindering the market growth.
According to Stratistics MRC, the Global Rodenticides Market is accounted for $0.97 billion in 2017 and is expected to reach $1.48 billion by 2026 growing at a CAGR of 4.8% from 2017 to 2026. Some of the key factors driving the market growth are increasing demand for pest control, growing awareness of farmers regarding crop wastage and high prevalence of pest-related diseases. Moreover, introduction of natural rodenticides is creating ample opportunities for the market growth. However, stringent regulations by governmental agencies and toxic effect on domestic animals are inhibiting the market growth.