Escalating Need For Safety And Security To Drive The Global Video Surveillance Market Growth

Global Video Surveillance Market Growth

A video surveillance system refers to a surveillance system that takes videos and pictures that can be stored, compressed, or shared through communication networks. At present, surveillance and security are needed for all establishments across the world. Enterprises, healthcare institutions, governments, and financial organization are supposed to have a specific level of monitoring and security measures. Owing to this, there has been a considerable rise in the need for security applications like video surveillance to record and monitor corporate houses, ports, public places, buildings, borders, educational institutes, transportation infrastructure, and others. This, in turn, has contributed significantly to the growth of the global video surveillance market.

Also, The launch of innovative IP-based digital technologies—to prevent and identify objectionable behaviors, like thefts, shoplifting, terror attacks, and vandalism—is projected to boost the expansion of the global video surveillance market during the forecast period. further, several establishments have begun utilizing video surveillance system solutions due to their escalated reliance on security systems. To cite, in November 2018, video surveillance system solutions were successfully deployed by InfiNet Wireless located in Europe in the Northwestern Mexico ports. The project was implemented in cooperation with a system integrator and Global VoIP.

The global video surveillance market can be categorized based on component, system type, enterprise type, customer type, application, and geography. the market, based on component, is classified into software, services, and hardware. Further, the hardware segment is sub-categorized into monitor, camera, accessories, and storage. Also, the software segment is sub-divided into video management software and video analytics. The market, based on system type, is bifurcated into IP surveillance, hybrid surveillance, and analog surveillance. The market, based on enterprise type, is segmented into medium scale enterprise, small scale enterprise, and large scale enterprise. The market, based on customer type, is segregated into B2C and B2B. the market, based on application, is classified into military & defense, commercial, residential, infrastructure, and others.

Regionally, North America is projected to dominate the global video surveillance market during the forecast period. This regional expansion can be attributed to the technical innovations along with the growing cognizance about security and safety. Also, Asia Pacific is deemed to witness fastest expansion on account of the development in network infrastructure and rising implementation of cloud-based services by businesses.

Few of the major players active within the global video surveillance market consist of Axis Communications AB, Panasonic System Networks Co., Ltd.,  Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Avigilon Corporation, Bosch Security Systems Inc., Pelco, Honeywell Security Group, FLIR Systems Inc., NICE System Ltd., and Hanwha Techwin Co., Ltd., among others.

Global Sternal Closure Systems Market Estimated To Grow At A CAGR Of Around 5.7% During 2019–2025

As per Zion Market Research, the global sternal closure systems market is projected to register a CAGR of 5.7% during the forecasted period 2019–2025. The expanding base of the elderly population undergoing open-heart surgery by median sternotomy is believed to be one of the key growth stimulants for the global market. The median sternotomy method has remained the most commonly known technique for cardiac exposure so far, due to easy and quick access to heart valves & vessels.

Some of the prominent players in the global market are F. Hoffman-La Roche Ltd.; Pfizer, Inc.; Progenics Pharmaceuticals Inc.; Takeda Pharmaceutical Company Limited; Genentech Inc.; Seattle Genetics Inc.; Novartis AG; Immunogen Inc.; Bayer Healthcare Pharmaceuticals; and Immunomedics, Inc.

Rising Incidence Of Cardiovascular Disease To Boost The Global Sternal Closure Systems Market

High smoking & alcohol intake, sedentary lifestyles, and unhealthy diet are increasing the occurrence of cardiac diseases globally. This is causing a pitch in surgical procedures, which in return, is expected to boost the implementation of sternal closure systems in surgeries during the upcoming years. As per a survey carried by the CDC (Centers for Disease Control and Prevention), in 2016 almost 28.1 million adults across the U.S. were identified with heart disease. Therefore, there is a rise in the number of surgical procedures and is expected to be more in the estimated period which will drive the demand for surgical instruments. The lack of physical activity and poor nutrition augments the peril of heart diseases in the geriatric population. Also, the geriatric population is increasing—who are more vulnerable to chronic cardiovascular diseases—and resulting in a surge in the number of cardiovascular surgeries, thereby stimulating the requirement for sternal closure systems.

The global sternal closure systems market is bifurcated on the basis of product, material, procedure, and regional analysis. Based on the product, the market is divided into sternal closure clips, sternal closure wires, closure devices, sternal closure cables, sternal closure plates & screws, and bone cement. Based on the material, the market is divided into titanium, stainless steel, polyether ether ketone (PEEK), and others. Based on the procedure, the market is divided into hemisternotomy, median sternotomy, bilateral thoracosternotomy, and others.

North America Estimated To Witness Largest Share In The Global Sternal Closure Systems Market

Based on geographical analysis, the global sternal closure systems market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market across the North America region is anticipated to constitute the largest market share due to the existence of a large patient population and well structured medical reimbursement policy. Also, an augment in mutual efforts made by leading players to enhance their product offerings and guarantee high-quality standards is boosting the growth of the market.

This review is based on a report by Zion Market Research, titled “Sternal Closure Systems Market – Segmented By Product (Sternal Closure Wires, Closure Devices, Sternal Closure Clips, Sternal Closure Plates & Screws, Sternal Closure Cables, Bone Cement), Material (Polyether Ether Ketone, Titanium, Stainless Steel, Others), Procedure (Hemisternotomy, Median Sternotomy, Bilateral Thoracosternotomy, Others), And Geography – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”

The global sternal closure systems market is segmented as follows:

By product:

  • Sternal Closure Wires
  • Sternal Closure Plates and Screws
  • Closure Devices
  • Sternal Closure Cables
  • Sternal Closure Clips
  • Bone Cement

By material:

  • Polyether Ether Ketone (PEEK)
  • Titanium
  • Stainless Steel
  • Others

By procedure:

  • Hemisternotomy
  • Median Sternotomy
  • Bilateral Thoracosternotomy
  • Others

By region:

  • North America
    • The U.S.
  • Europe
    • The U.K.
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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