Vision
Value
Visibility Report Code :HC 1002
2016-2024
Global Surveillance Storage Device Market Outlook 2024: Global Opportunity & Grow th Analysis, 2016-2024
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1. ExEcutivE Summary Connect With Us: Published By: Goldstein Research Copyright
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1. Executive Summary Fig: 1-1 Global Surveillance Storage Device Market Size USD (Billion). 20162024
Fig: 1-2 Global Surveillance Storage Device Market Share(%), By Region2016-2024
XX%
CAGR: (2016-2024)
2016e
2017e
5.00 9.00 % % 35.0 21.0 2016 0% 0% 30.0 0%
2018f
2019f
Source: Goldstein Research
2020f
2021f
2022f
2023f
2024f
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Network Attached Storage accounted for the highest market share XX% in Surveillance Storage Device Market
In 2016,
Fig: 1-3 Global Surveillance Storage Device Market Share(%), By Storage Technology-2016
17.00%
15.00%
9.00% 20.00%
29.00%
10.00%
Direct attached storage (DAS) Storage area networks (SAN) Network video recorders (NVR) Network attached storage (NAS) Digital video recorders (DVRs) Unified storage/Hybrid storage
Source: Goldstein Research
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e l p Asia Pacific
North America
Latin America
With
XX% share in 2016, Asia Pacific region dominated the collective Global Surveillance Storage Device market
Hard disk drives (HDD) Solid state drives (SSD) Others
Fig: 1-5 Global Surveillance Storage Device Share(%), By Verticals-2016
6.00% 10.00%
Government
25.00%
City Surveillance Enterprise
7.00%
Transportation
6.00%
12.00%
Source: Goldstein Research
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Retail Healthcare
4.00% 30.00%
Source: Goldstein Research
Middle East & Africa
Source: Goldstein Research
Fig: 1-4 Global Surveillance Storage Device Market Share(%), By Storage Media-2016
5.00 % 40.00 55.00 % %
Europe
6.00% 11.00 32.00 % % 2024 23.00 % 28.00 %
Banking & Finance Others (Defense, Education, etc.)
Key Findings Surveillance storage phenomenon is currently taking place in the world market for video surveillance solutions, where the wider trends of digitization and IP-enablement are just now reaching critical mass. This has caused robust growth in recent years, which is forecast to continue at rate of XX% per annum to USD XX billion in 2024. It has also created significant opportunities for IT providers, even as the greater market for IT spending has moderated Video is of course one of the most storage-intensive application workloads around. Thus, as high definition, megapixel network cameras have declined in price and begun to proliferate, the need for reliable and scalable storage space has risen in-kind. As a result, the market for enterprise storage devices in security is forecast to grow by a XX% compound annual growth rate (CAGR) over the next five years; the market for IT hardware is slated to grow by a more modest CAGR of XX% during this time Government, City Surveillance, and Transportation—will account XX% of all storage expenditures in 2017. Furthermore, these three key verticals will exhibit storage intensity ratios of between XX% (Government) and XX% (Transportation), while the average for the market is projected to be XX%
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The major challenge which is being faced by the companies is to educate the customers about the advantages of implementing a proper recording solution. Most of the customers are unaware about the solutions available and which solution is best fit for their requirement. However, most of the companies are trying to educate their customers for selecting the best possible solution for their surveillance system
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The North America market tends to reach the valuation of USD XX billion by 2024. Middle East and Africa followed by AsiaPacific have great opportunities in this market with highest percentage of CAGR. A number of factors such as developing economies with increasing adoption of surveillance systems are creating positive impact on the growth of the surveillance storage market.
Global Surveillance Storage Device Sales (Million Units) Asia-Pacific
2016 2024 Copyright
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North America
XX Million Units
XX Million Units
XX Million Units
XX Million Units www.goldsteinresearch.com
Rising demand for the surveillance systems
Reducing prices of hard disk drives
High return on investment
Rapid infrastructural development
Increasing security concerns
2. rESEarch mEthodology Connect With Us: Published By: Goldstein Research Copyright
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2. Research Methodology Goldstein Research follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecast of a particular market. We provide estimates, forecast and analysis primarily based on secondary research, primary interviews, in-house database and other free as well paid sources. Our company follows simultaneous top down and bottom approach in order to provide you the accurate market sizing. Data triangulation method is strictly followed where we triangulate the data from all the aspects, be it Function Type, application, industry verticals, material, product type or geography. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the on-going and upcoming trends of the market. We conduct both primary and secondary research in order to estimate a market and validate our key findings.
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We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate data and analysis. Adding to that; technological, economic, cultural and social aspects along with the regulatory barriers are completely analysed to understand the comprehensive market scenario across different geographies. Understanding the market from both buyer and seller point of view is important to track a market and provide analysis on the same. We not only provide the market data of the four geographies as a whole, namely, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World (RoW) but we also provide you qualitative as well we qualitative information on country level bifurcation. We at Goldstein Research provide you: • Precise Estimates and Forecast • Authentic Analysis • In-depth Data and Analysis • Authentic Sources • Reliable Data and Analysis Copyright
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3. compEtitorS rEgional analySiS Connect With Us: Published By: Goldstein Research Copyright
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3. Major Players Presence-Regional Analysis
Major Players/ Industries
North America
APAC
Europe
Huawei Technologies Co Seagate Technology LLC Rasilient Veracity Western Digital Corporation Coraid HGST Inc Hitachi March Networks
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High Penetration
Latin America
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Medium Penetration
Low Penetration
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Middle East & Africa
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4. Global Surveillance Storage Device Market Size (USD Billion) & Growth Analysis Fig:- 4-1 Global Surveillance Storage Device Market Size (USD Billion)-20162024 XX
XX
XX% XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX%
XX
XX
XX%
XX
XX%
XX XX
XX
XX
XX XX
Fig:- 4-2 Global Surveillance Storage Device Market Y-O-Y Growth (%) Analysis-2016-2024
XX
XX
XX%
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XX% XX%
XX% XX% XX% XX% XX%
XX% XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
North America Surveillance Storage Device market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, Surveillance Storage Device devices sales increased from XXXX units in 2015 to XXXX units in 2016 2016 is likely to see the continuation of several long-term trends in the video surveillance market. They include the move from standard-definition (SD) analog equipment to high-definition (HD) CCTV and network equipment, aggressive price competition, further consolidation of the supply base, and the increasing importance of China in the world market According to Goldstein Research, the world market for video surveillance equipment will grow by over XX% in 2016. However, the total market is made up of many different products, end-user sectors, and geographic regions. Some markets will grow much faster than others Copyright
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2024
4.1. Global Surveillance Storage Device Market Overview, By Region and Market Players-2016 Fig:- 4-3 Global Surveillance Storage Device Market Share (%), By Type of Data Generated, 2016
XX%
Fig:- 4-4 Top 10 Data Generating Countries in Various Verticals (TB), 2016
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China
XX XX
XX
Video Surveillance data
m a S XX%
Gaming Data
DVR/Set Top Box (CE) Data
XX%
Source: Goldstein Research
XX
XXXX XX
United States of America
XX
XX
XX
Japan Germany United Kingdom Republic of Korea France Canada Spain Italy
Source: Goldstein Research
Global gaming data storage market accounted USD XX billion in 2016 on the back of gamers worldwide will generate a total of USD XX billion in revenues in 2016, up XX% compared to 2015. For the first time, mobile gaming will take a larger share than PC with USD XX billion, up XX% globally. APAC continues to dominate worldwide, accounting for XX% of the market Switzerland and Singapore are the respective best and second best nations on earth for safe data storage. Britain is now ranked only 23rd on the list of “safest” nations for data storage, falling behind Estonia, Qatar and South Korea, among others. Storage Area Network (SAN) is expected to demonstrate the maximum CAGR in the GCC region over the next six years due to several key factors such as increasing demand for data centers, flexible than other technologies, better speed, options available for cloud computing along with efficient data management solutions Copyright
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5. Market Dynamics
Growth Drivers
Growth Barriers
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General Trend
Highly Complex
Moderately Complex
Waived
Technology Copyright
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5.1. growth drivErS Connect With Us: Published By: Goldstein Research Copyright
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5.1. Growth Drivers Increasing storage capacities to petabytes With standardization of logistics infrastructure, forklifts usage will definitely increase
The data storage division of Hitachi added more than $630 million in revenues, comfortably passing the $8 billion mark after an 8.2% increase in revenues ($8.35 billion) and a 7.6% increase in units sold (239,000)
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With the increase in cargo traffic and overall space crunch, efficiency has become a major factor in determining business growth and profitability
huge spending on ports infrastructure and a surge in e-commerce are among factors that are leading to an increase in containerization and palletisation Rental – on a Splendid Growth Path: Rental forklift market is growing at a spectacular rate. Earlier the rental market was mostly dominated by small players; who used their fleets to meet peak loads in various capacities. But the scenario is changing quickly, majority of the OEMs have now entered in this market and are now providing rental services along with a bunch of value added services; including operators, maintenance and fleet management Hiring segment is a major demand puller of Surveillance Storage Device market
Eisenmann invested USD XX Million for the design & manufacturing of driverless trucks with advanced & latest technology
KION added 6.5% for a total of $5.66 billion after introducing a new brand to North America in 2015 and acquiring Egemin Automation, a manufacturer of automatic guided vehicles. Its North American brands now include Linde, Still, Baoli and Egemin
Jungheinrich‘s revenues were up more than 10% year over year in Euro, after a 13% increase in order intake and a 9% increase in produced units Crown Equipment reported nearly 6% higher revenues for 2015 and reclaimed fourth place after three years at No. 5. At $2.64 billion, Crown surpassed Hyster-Yale by $62 million Mitsubishi Nichiyu, which includes Cat Lift Trucks, retained sixth place after revenues decreased by $147 million, or 6.8%, to $2.01 billion
Impact Analysis: Current structure of different sales tax, octrai , camera etc. in different states puts the manufacturers at disadvantage and does not offer a level playing field. A uniform tax structure would help improve the scenario of global Surveillance Storage Device market Customers have realized the importance of cycle efficiency, safety and wastage reduction, resulting into more of palletisation and mechanized handling. This will certainly boost the demand scenario of forklifts
Toyota Commercial Finance has updated the standard finance rate on most new forklifts to 4.79% for up to 28 months High
Medium
Low
Impact on Surveillance Storage Device Market
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5.2. markEt rEStraintS Connect With Us: Published By: Goldstein Research Copyright
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5.2. Market Restraints Customers are unaware about the solutions available and which solution is best fit for their requirement Lack a formal system to track the time, place, and cause of the impacts, you might be relying on your drivers to report the information
Fig: 5-1 Data Storage Capacities - By Product Type 2016
e e l l p p m m a a SS XX
lack of knowledge of implementation of sensor and tracking technologies to reduce impacts to a bare minimum
XX
Surveillance Storage Devices and drivers account for as much as 80 percent of operating expenses, a single forklift is associated with 40 separate costs, bringing the total operating expense up to $145,000 a year for a $25,000 Surveillance Storage Device
XX
Lack of maintenance tracking alone can sideline vehicles – and downtime is one of the biggest productivity killers in the warehouse
China Russia
The lack of real-time visibility is the bane of many warehouse operations, typically a higher upfront cost and limited to lifting XX lbs. and under restrain the forklift market New Fork Lifts versus Used Forklifts Truck (Units)- World
XX% XX% XX% XX%
India South Africa
XX Germany
Source: World Bank Data
• Every square metre counts, the existing fleet of electric forklifts on-site were suddenly required to work more hours than previously • LPG Forklifts - the first choice, despite the increase in performance of batteries in recent years, there was simply not enough power to provide around two additional operating hours per day - even the electrolyte circulation process could not provide the required performance. Therefore, the most sensible solution was to change the fleet of electric Surveillance Storage Devices to natural gas vehicles
Impact Analysis: Availability of spare parts, shortage of storing space, limited number of supplier for particular component and unqualified personnel impact the global forklift market by XX%.
Few of the critical components are imported and subjected for regulation, primarily with respect to usual inspection of such products by the U.S. customs. The cost of component is expected to increase in the future owing to regulatory compliance
High Source: XXXX
Copyright
XX
Medium
Low
Impact on Global Surveillance Storage Devices Market All Rights Reserved, Goldstein Research
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5.3. markEt opportunity Connect With Us: Published By: Goldstein Research Copyright
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5.3. Global Surveillance Storage Device Market Opportunity, 2016-2024 Fig: Fig: 5-2 5-2 Global Global Surveillance Surveillance Storage Storage Device Device Market Market Opportunity Opportunity by by End End User, User, 2016 2016
6.00%
8.00% 8.00% 25.00% 9.00%
18.00%
16.00%
Gaming data, video surveillance data, set top TV box data have the future scope in Surveillance Storage Device market Rising e-commerce businesses have necessitated the larger logistic sites and more proficient logistic operations. At the same time, advancement in information and communication technology has introduced various applications for logistic sites
e l e l p pSam
Manufacturers are intensifying investments over R&D of electric warehouse forklifts and new energy forklifts in order to improve fuel efficiency of IC (Internal combustion) engines and to deliver longer working time for electric forklifts
10.00%
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APAC with increasing adoption rate of Surveillance Storage Device tends to create the opportunities for the major players in Surveillance Storage Device market
Government
City Surveillance
Enterprise
Retail
Healthcare
Banking & Finance
Source: Goldstein Research
Transportation
Others (Defense, Education, etc.)
Fig: Fig: 5-3 5-3 Surveillance Surveillance Storage Storage Device Device Shipments Shipments –– China, China, 2015-2016 2015-2016
XX% 2015
XX% 2016
Remote monitoring devices represent a fast-growing part of the Surveillance Storage Devices Is it predicted that by 2016 ports and logistics will reach about USD XX billion. The next two largest market subsectors are automobile and iron and steel plants in Surveillance Storage Device Implementation of intelligent truck systems enable automation of entire material flow and increase the efficiency of warehouse by providing acceleration in product handling and shipments
Source: World Health Organization
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5.4. Impact Analysis On The Basis Surveillance Market Trends
Drivers of Surveillance Storage Device
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Fuel efficiency and low maintenance advancement tends to dominate the global Surveillance Storage Device market in 2016 and this technology is anticipated to impact majorly on the cargo handling equipment market in near future
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Provides remote monitoring facility with software defined networking by scanning and securing the goods at designated facility
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Moreover, GNSS/Location technology is also one of the technology which hugely impacts the market of Surveillance Storage Device by rising the adoption rate of smart transportation Automated driving technology is expected to impact the global forklift market by XX% by the end of the forecast period i.e. 2016-2024. The increasing trend of smart transportation with driverless trucks and auto functioning vehicles across the globe are the two major factors which creates the smart transportation ecosystem End user expansion due to implementation of advanced technology like operational efficiency, low maintenance , etc tends to drive the Surveillance Storage Devices market and reach USD XX billions by 2024 www.goldsteinresearch.com
6. global SurvEillancE StoragE dEvicE markEt SEgmEntation analySiS, 2016-2024 Connect With Us: Published By: Goldstein Research Copyright
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6.1. Global Surveillance Storage Device Market Share(%) - By Product Type,20162024 Key Findings
Fig: 6-1 Global Surveillance Storage Device Market Share, By Storage Technology, 2016-2024
Direct attached storage (DAS)
15.00%
17.00%
15.00%
17.00%
Storage area networks (SAN)
9.00%
9.00%
20.00%
2016
10.00%
29.00%
Network video recorders (NVR) Network attached storage (NAS)
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Fig: Fig: 6-3 6-3 Global Global Surveillance Surveillance Storage Storage Device Device Market Market Y-O-Y Y-O-Y Growth, Growth, By By Storage Storage Technology, Technology, 2016-2024 2016-2024
Fig: Fig: 7-4 7-4 Global Global Surveillance Surveillance Storage Storage Device Device Market Market Size Size (USD (USD Billion), Billion), By By Storage Storage Technology-2016-2024 Technology-2016-2024 XX
XX
XX
XX XX
XX
15.00%
17.00% 15.00%
12%
10.00% 9%
2016 Network attached storage (NAS) Network video recorders (NVR)
Storage area networks (SAN)
2024
Unified storage/Hybrid storage
Digital video recorders (DVRs)
Source: Goldstein Research
Copyright
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 The global material handling equipment market is growing significantly at an annual growth rate of 4% to 6%. Electric type Surveillance Storage Devices is one of the prominent segments in this market. These trucks are gaining traction due to the implementation of various advanced technologies and their growing application across various industries worldwide
10.00%
29.00%
Unified storage/Hybrid storage
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2024
Digital video recorders (DVRs)
Source: Goldstein Research
Asia-Pacific electric motor rider truck services market is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. Modernization of transportation system and penetration of technical advancement in various end user in India, China, Japan and other major economies along with the rising awareness towards material handling equipment are propelling the demand for Surveillance Storage Device market
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2015
2016e
2017f
2018f
2019f Y-o-Y
Direct attached storage (DAS)
Source: Goldstein Research
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2020f
2021f
2022f
2023f
6.2. Global Surveillance Storage Device Market Size (Billions) By Storage Technology, 2016-2024 Storage Technology
2016
2017
2018
2019
2020
Direct attached storage (DAS)
XX
XX
XX
XX
XX
Storage area networks (SAN)
XX
XX
XX
XX
XX
Network video recorders (NVR)
XX
Network Attached Storage
XX
Digital video recorders (DVRs)
XX
Unified storage/Hybrid storage
XX
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2021
2022
2023
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CAGR(% )
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Source: Goldstein Research Copyright
2024
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6.2. Global Data Generated in Terabyte by Video Surveillance, Gaming & Set Top Box
2015
2016
End Users/ Year I Quarter
II Quarter
III Quarter
IV Quarter
Video Surveillance
XX
XX
XX
XX
Gaming
XX
Set Top Box
XX
Source: Goldstein Research Copyright
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XX
XX
XX
XX
XX
XX
I Quarter
II Quarter
III Quarter
IV Quarter
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
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6.2. Global Surveillance Storage Device Sales (Billions) By Application, 2016-2024
Storage Device/Applic ation
2016
2017
2018
2019
2020
Video Surveillance
XX
XX
XX
XX
XX
Gaming
XX
XX
XX
XX
XX
Set Top Box
XX
XX
XX
XX
XX
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2021
2022
2023
2024
CAGR(% )
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX%
XX
XX
XX
XX
XX%
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6.4.1. North-America Surveillance Storage Device Market Size (USD Billion) & Y-OY growth (%),2016-2024 Fig: 6-11 North-America Surveillance Storage Device Market Size(USD Billion)-2016-2024
182,928. 172,928. 4 4 152,928. CAGR: (2016-2024) 141,934. 4 131,569. 5 122,244. 113,569.4 105,774. 9 8 7 98,541.8
Fig: 6-12 North-America Surveillance Storage Device Market Share By Product Type, 2016-2024
XX%
2015e
2016f
2017f
2018f
Source: Goldstein Research
2019f
2021f
2022f
2023f
2024 40.00% 32.00%
U.S.
Source: Goldstein Research
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14.00%
18.00%
Network video recorders (NVR)
5.00%
2016
23.00%
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Fig: 6-13 North-America Surveillance Storage Device Market Size (USD Millions), By Country-2016-2024
2016 30.00% 25.00%
Direct attached storage (DAS)
4.00%
14.00%
22.00%
15.00%
17.00%
9.00%
2024
Network attached storage (NAS)
Digital video recorders (DVRs)
29.00%
20.00%
10.00%
Unified storage/Hybrid storage
Source: Goldstein Research
Fig: 6-14 North-America Surveillance Storage Device Market Size (USD Million), By Storage Media-2016-2024
12.00% 10.00% 2024 50.00% 40.00% 70.00% 50.00% Solid State drives Other 2016 Hard Disk Drives
Canada
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6.4.1.1. U.S. Surveillance Storage Device Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024 Fig: 6-15 U.S. Surveillance Storage Device Market Size (USD Billion). 20162024
XX%
XX
CAGR: (2016-2024)
XX
XX
2016f
2017f
XX
2018f
Source: Goldstein Research
Fig: 6-16 U.S. Surveillance Storage Device Market Y-O-Y Growth Rate, 2016-2024
XX
XX%
XX
2019f
XX
XX
m a S 2020f
2021f
2022f
2023f
2015
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XX%
2016e
2017f
Source: Goldstein Research
XX%
2018f
XX%
2019f
XX%
XX%
XX%
XX%
2020f
2021f
2022f
2023f
Y-o-Y
Surveillance Storage Devices are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility are helping U.S. material handling market to be the most matured during the forecast period i.e. 2016-2024 In US, these mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. To move lighter loads, manually powered vehicles such as carts and hand trucks are used.
Sample
American Material Handling Equipment wins USD XX billion for U.S. defense contract. The US Surveillance Storage Device market volume is forecast to expand at a CAGR of XX% during the forecast period from 2016 to 2024
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8. portEr’S FivE ForcE modEl Connect With Us: Published By: Goldstein Research
8. Porter’s Five Force Model
Customer can easily switch to substitute products. So substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing •Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright
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Threat of new entrants
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The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit.
Bargaining Power of buyers
Threat of substitute products or services
The power of Buyers is significantly high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is also high as there are multiple supplier for a particular test and these causes, for companies to compete on price when they do not have any point of differentiation.
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9. Expert Analysis
Expert Analysis In 2016, diagnostic laboratories dominated the market; nursing homes/clinics and hospitals segment accounted for nearly XX% of the total Asia-Pacific & Africa point of care testing (POCT) devices market and remaining XX% went for different end-use segments such as homecare settings. The main reason for this despaired share is due to the rising demand for point of care testing devices in diagnostic laboratories on the back of their advantages such as faster and precise results
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However, as the medical device technology is on rise (especially in developing countries), the Africa therapeutic market is projected to reach USD XXXX million in 2023 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, Africa pharmaceutical market touched USD XXXX million in 2016 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2023
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As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare settings followed by diagnostic laboratories. Moreover, the rising healthcare expenditure in Africa on the back of new healthcare reforms and rising investment in healthcare sector is expected to bolster the growth of point of care testing devices in Africa & Asia-Pacific region With USD XXXX million in 2016, blood glucose monitoring devices has the highest demand followed by glycated hemoglobin (HbA1c) testing devices and blood collection devices. The advancement in diagnostic devices are encouraging the hospitals and diagnostic laboratories to adopt the advanced devices to obtain accurate diagnosis data. The precise data would further help the physicians to provide better treatment to the patients Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa point of care testing (POCT) devices market Further, increasing spending by government authorities on research and development of innovative and advanced camera devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa surveillance storage device market Copyright
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