The major factors attributing to the growth of the market are the increasing number of disability cases, due to the growing geriatric population, increasing number of road mishaps, spinal cord injuries, and meningitis. These factors are likely to boost the growth of the global medical lifting slings market. As per the revised World Population Prospects, by the United Nations, the number of people aged 60 or above is expected to increase significantly, greater than double by 2050, i.e. from 962 million in 2017 to 2.1 billion in 2050, globally. This age group is highly vulnerable to different types of age-related diseases, which require personal mobility aids like medical lifting slings. According to Disabled World, currently, around 10% of the world population, or roughly 650 million people, are suffering from disability. In most of the OECD countries, females have higher rates of disability than males, and according to the UN Development Program (UNDP), 80% of the people with disabilities live in the developing countries. Therefore, the demographic trend toward an aging population and the rising incidences of chronic diseases led to longer hospital stays, which may increase the demand for medical lifting slings over the forecast period. Additionally, there has been a presence of a considerable number of companies, and the key players are focusing on acquisitions and collaborations to enhance their footprint in the global medical lifting slings market. Companies are focusing on expanding their footprint, primarily by launching innovative solutions for patients. For instance, Savaria acquired Silvalea, a sling manufacturer.

This section provides an overview of strategies adopted by the companies in the past four years (January 2016 to February 2020) in the global medical devices testing services market. The global medical devices testing services market is dominated by juggernauts including Eurofins Scientific Group, Charles River Laboratories International, Inc., Bureau Veritas S.A. and other medium and small-medium enterprises. Several companies are attempting to enter the market and sustain themselves in the competition by adopting different strategies varying from partnerships and collaborations to business expansions and service launches. In the past four years (January 2016-January 2020), the market witnessed approximately 18 mergers and acquisitions, 18 business and regional expansions, 10 service portfolio expansions, six synergistic developments (collaborations, partnerships, and joint ventures), four accreditations, and one funding. Among the different key developments, mergers and acquisitions and service expansions constituted the largest share. The following figure represents the percentage of major strategies adopted by the key market players.

6 月我国官方制造业PMI 50.9%，比上月上升0.3 个百分点。构成制造业PMI 的五大分类指标中，生产指数、新订单指数和供应商配送时间指数均高于临界点，原材料库存指数和从业人员指数均低于临界点。

The proliferation of handheld devices has led to developments in the field of the gas detector, which has considerably widened the scope of application across multiple end-user segments. The government regulations across the world are increasingly becoming stringent in both emission control as well as labor safety, which is driving the demand for gas detectors. Industrial production process not only involves the use of various gases but also shares a considerable share of the overall environmental emissions. The government regulates leakage of such gases, and this is where the demand for gas detectors is increasing. For instance, the EU incorporated Directive 2010/75/EU an instrumental regulation in controlling pollutant emissions into the atmosphere by industrial installations. The governments across the world and political bodies are increasingly setting targets to reduce the emission of greenhouse gases. For example, the EU has set itself a goal of net-zero greenhouse gas emissions by 2050. Also, countries, such as China, the United States, India, and Russia, are increasingly adopting stringent regulations to tackle emission rates. Moreover, the government regulations for workplace and labor safety are increasingly becoming stringent, and adherence to such rules is vital in business continuity for organizations. According to the International Labor Organization (ILO) estimates that 4% of the gross world product is expended on worker accidents, and the percentage increases even further if we take into account the work-related health problems.

Hyperspectral imaging (HSI) is a powerful technology that adds a new dimension to optical imaging. HSI has been used for more than a decade now. However, until 2015, it was still relatively unknown compared to other imaging technologies, such as infrared, multispectral, and LiDAR. However, the adoption of hyperspectral imaging has started to change slowly and is gaining traction in the agriculture, chemical analysis, and defense sectors, in addition to metal and meteorology sector for which it was initially designed. One major application of HSI is in food surface inspection (reflectance imaging is used on various products to check for bruises and other damages) to maintain the quality and safety of food products. Hyperspectral imaging can analyze the chemical composition of food products for ripeness, grading, contamination, and disease conditions. Thus, by implementing hyperspectral imaging, users can benefit from a significant financial return by means of an increased throughput and yield of the processing centers. It is also widely used in military surveillance to monitor potential targets for avoiding major calamities.

Coronavirus belongs to a family that includes viruses causing common cold to middle east respiratory syndrome (MERS), and severe acute respiratory syndrome (SARs), as per the World Health Organization (WHO). The novel coronavirus is a newly discovered strain and is also known as COVID-19 and has led to a rapid rate of respiratory infections and deaths globally. The disease primarily spreads through droplets of saliva or nasal discharge of an infected person, when such a person coughs or sneezes. The common symptoms of the disease are fever, cough, difficulty in breathing, fatigue, loss of smell, tenderness, and muscle pain, among others. The spread of the disease can be avoided through washing hands with soap and water at regular intervals, avoiding contact with those infected, and using a medical facemask. The following figure illustrates the crucial information regarding novel coronavirus spread, symptoms, susceptibility, and preventive measures against the disease.

Further, players are producing and replacing traditional tubes and upgrading as per the government regulations for the medical imaging diagnostics. In September 2019, Richardson Healthcare announced it received CE Mark approval for the ALTA750 X-Ray Tube. This ALTA750 is a form, fit, and function replacement for the Canon/Toshiba CXB-750D/4A. Richardson ships the tube with a new cable and heat exchanger and offers a full warranty. The CE Mark confirms that its product meets the requirements of the European Medical Device Directive, and signals conformity to patient and user safety and device performance standards in the European Union. Richardson currently stocks the ALTA750 and other replacement parts for the diagnostic imaging equipment in its Amsterdam facility in The Netherlands for quick availability throughout Europe. Emerging economies are claiming a growing share of global healthcare consumption, including medical devices and related procedures, owing to relative economic prosperity, growing medical awareness, and increasing (and increasingly aging) population.

The electric vehicles (EV) market witnessed significant growth, due to the need for addressing future energy requirements. The need to attain sustainable transportation plays a significant role in driving the demand for electric vehicles. The EV market is coming up as an integral par t of the automotive industry, and it represents a pathway toward achieving energy efficiency, along with reduced emission of pollutants and other greenhouse gases. The increasing environmental concerns, coupled with favorable government initiatives, are the major factors driving this growth. The annual sales volume of the electric vehicles is projected to cross the 5 million units mark by the end of 2025, and it is expected to account for 15% of the overall vehicle sales by the end of 2025. The transformation of the automotive industry has its impact on the automakers, tire manufacturers, aftermarkets, and supply chain of the industry.

CMOS (complementary metal-oxide-semiconductor) sensor is an imaging sensor, presently being employed in most of the cameras and other image capturing devices. The CMOS technology is based on arrays of light-sensitive pixels, which gather photons of light and convert them to a visible image. With the rising demand for high-definition image-capturing devices in industries, the CMOS technology has been witnessing high adoption rate in the region, as it provides faster shutter speed while delivering high-quality images. Government agencies and military forces have long used high-speed imaging to improve knowledge and performance of ballistic weapons, while also gaining greater insight into impact physics. Similarly, applications of high-speed imaging technology in the consumer world has come from the field of automotive crash testing that is pushing the demand for CMOS sensors. This has resulted in several investments from major and new players in the technology. Recently, Sony Corporation announced the upcoming release of two new models of CMOS image sensors: the IMX415 type 1/2.8 4K-resolution stacked CMOS image sensor and the IMX485 type 1/1.2 4K-resolution back-illuminated CMOS image sensor. Sony has designed these two new sensors for security cameras for the growing smart city market and to meet the rapidly expanding need for security cameras in a variety of monitoring applications, such as anti-theft, disaster alert, and traffic monitoring systems or commercial complexes.

Large number of next gen memory technologies are under development which promise to meet the growing demand of consumer electronics and enterprise storage systems and applications. Smart phone and other consumer electronics OEMs in particular are looking for the next big competitive advantage, and all signs point to new memory technologies as the most powerful choice. The traditional memories, DRAM and NAND, are falling off Moore's law and therefore research and development is going on for new memory devices. Also, a lot of industries are experiencing technology convergence, resulting in increased complexity of their systems. This convergence is evidenced in numerous devices such as automotive, smartphones, wireless communication and smart factories. In 2017, the information electronics industry saw another peak which resulted in the serious shortage of spare parts. Thus, manufacturers increased their production capacity to meet demand supply gap. Also, introduction of innovative features such as the face recognition in mobile phone by Apple Computer, which later fermented on many application surfaces, including the other mobile phones, access control, unmanned vehicles, automotive, etc. This will increase the demand for highly complex natured integrated circuits (ICs) in coming years. Such trends along with increasing complexity in consumer electronics design and growing automotive expertise is also expected to drive the demand for SLC NAND flash memory worldwide. The market for SLC NAND flash memory has been segmented into three major segments including type, application, and density. The type segment is fragmented by serial and parallel. The application segment is sub-divided into consumer electronics, industrial, automotive, communication, computers & IT, and others. All the application segments have further been sub-divided into the smaller application components.