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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Preimplantation Genetic Testing Market Is Projected To Reach 541.8 Million USD by 2022

The global preimplantation genetic testing market size is expected to grow at a CAGR of 10.0% between 2017 and 2022. Factors driving the growth of this market include the growing rate of infertility across the world and increasing public-private investments in the field of preimplantation genetic testing among others. 



Analysis of the market developments between 2014 and 2017 (January) show that agreements, partnerships, and collaborations were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market position by collaborating to develop and provide technologically advanced products to its customer base. For instance, in June 2016.


The Global Fertility Alliance pioneered by Genea (Australia), Merck (U.S.), and Illumina Inc. (U.S.) collaborated with two new members, namely, ZEISS (Germany) and Hamilton Thorne Ltd. (U.S.) to improve innovation and progress in the field of fertility treatment. Another strategy adopted by market players are product launches. 
Illumina, Inc. (U.S.), CooperSurgical, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Abbott Laboratories (U.S.), Natera, Inc. (U.S.), Rubicon Genomics, Inc. (U.S.), Oxford Gene Technology (U.K.), Yikon Genomics (China), and SciGene Corporation (U.S.) are some of the major manufacturers in this market; whereas, Beijing Genomics Institute (BGI) (China), Good Start Genetics (U.S.), CombiMatrix Corporation (U.S.), Genea Limited (Australia), Invicta Genetics (Poland), and Progenesis (U.S.) are some of the major service providers.


The rising infertility rate across the world is the key factor driving the growth of the market. Geographically, this market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The global preimplantation genetic testing market is segmented by technology, product & service, procedure type, applications, end user and region. Based on technology, the market is segmented into polymerase chain reaction (PCR), next-generation sequencing (NGS), fluorescence in situ hybridization (FISH), comparative genomic hybridization (CGH), and single-nucleotide polymorphism (SNP).

In 2016, North America accounted for the largest share of the market due to factors such as rising number of IVF procedures (with decreasing fertility rates), significant adoption of genomic techniques, ongoing trend of replacing traditional genomic technologies with advanced and innovative genetic techniques (such as FISH and NGS), and increasing private-public funding to develop and commercialize novel PGS & PGD procedures.

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