Demand for UV Curable Resins Set to Explode in Coming Years

The mushrooming popularity of environment-friendly industrial coatings is one of the major factors fueling the demand for UV curable resins across the world. It has been observed that the conventionally used inks, coatings, and adhesives contain various hydrocarbon solvents which when cured release hydrocarbons into the atmosphere. As these hydrocarbons contain harmful and toxic volatile organic compounds (VOCs), they being rapidly replaced by eco-friendly variants. Moreover, the governments of many countries are enacting strict regulations for mitigating VOC emissions.

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Unlike the conventionally used products, the UV curable products do not affect the environment. As a result, the popularity of radiation curable inks, coatings, and adhesives with UV and electron beam (EB) is growing rapidly. Furthermore, many industries are increasingly preferring to use UV cured resins over the conventional products, because of their greater environment-friendliness. Another factor propelling the worldwide sales of UV curable resins is the burgeoning requirement for UV curable products in the electronics industry.

Across the globe, the sales of UV curable resins are predicted to shoot up in the Asia-Pacific (APAC) region in the forthcoming years. This will be because of the rapid expansion of the construction industry in various regional countries such as India, Indonesia, and China. Moreover, the boom in the automotive industry in these countries, especially China, which has emerged as the world’s largest automobile manufacturer, is also fueling the demand for UV curable resins in the region. 

Hence, it is safe to say that the demand for UV curable resins will surge sharply all over the world in the upcoming years, primarily because of their mushrooming requirement in the electronics and packaging industries and the soaring popularity of eco-friendly industrial coatings.

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Increasing EV Sales Accelerating Automotive Battery Management System Adoption

A battery management system (BMS) is an intrinsic component of an automobile as it maintains the battery in operational condition, predicts battery life, and protects the storage units from damage. The system performs these tasks by controlling the charging process, protecting and balancing the cells, storing and monitoring historical operational data, and determining the state of health (SOH), remaining useful life (RUL), and state of charge (SOC) of the battery. This system aims to optimize the run-time per discharge cycle and the number of life cycles that can be attained by the battery during its lifetime.

This system is integrated into electric vehicles (EVs) and hybrid electric vehicles (HEVs) to improve the battery life and protect it from any damage. With the increasing environmental concerns, the sales of these vehicles have witnessed a significant spike in recent years. According to the International Energy Agency (IEA), more than 10.2 million EVs were in operation across the world in 2020. The surging adoption of these new-energy vehicles will thus support the automotive battery management system market growth in the coming years. 

Resultingly, according to P&S Intelligence, Asia-Pacific (APAC) dominates the automotive battery management system market, wherein China is the leading procurer of such solutions. The dominance of APAC can be credited to the favorable initiatives and policies supporting the production of EVs in China. Apart from China, Japan and India are expected to procure automotive BMSs in abundance. Among many initiatives, the increasing attempts by governments to end the production and sales of diesel- and gasoline-powered vehicles will support the adoption of such systems, by amplifying EV sales.

Thus, the surging EV sales on account of the escalating environmental concerns and strong government support will boost the adoption of automotive BMSs in the foreseeable future.

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Demand for Wound Closure Products Set to Explode in Asia-Pacific in Future

The increasing incidence of road accidents is one of the major factors fueling the demand for wound closure products around the world. The wounds caused due to accidents are usually exposed to debris, soil, bodily fluids, and microbes. Moreover, these wounds often result in tissue loss, which subsequently extends the body’s healing process. Apart from the rising prevalence of road accidents, the increasing occurrence of burn cases is also positively impacting the demand for wound closure products around the world. 

According to the American Burn Association (ABA), the U.S. witnessed nearly 486,000 burn injuries in 2011. Surgical intervention is usually required for healing these injuries. As wound closure products are heavily used in surgical procedures for closing the wounds caused due to surgical incisions, the growing incidence of burn cases is propelling their worldwide demand. Wound closure products assist in the management of wounds in both external and internal surgical applications. 

The growing prevalence of chronic wounds is also fueling the sales of wound closure products around the world. This is because surgical intervention is usually required for treating chronic wounds such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Due to these factors, the demand for wound closure products is surging sharply across the world. This is, in turn, driving the advancement of the global wound closure products market. 

Sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats are the major types of wound closure products used all over the world. Out of these, the demand for sutures was found to be the highest during the last few years. This was ascribed to the huge prevalence of chronic wounds and surgeries across the world. General, cardiovascular, orthopedic, gynecological, and ophthalmic surgeries are the biggest application areas of wound closure products.

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What are Key Factors Powering Global Technical Illustration Software Market Expansion?

The global technical illustration software market is set for lucrative growth in the coming years, as per the forecast of P&S Intelligence, a market research company based in India. One of the major factors driving the market expansion is the changes being made in product demonstration for ensuring greater customer awareness. The software helps companies accurately convey information to clients via visual communication.

Nowadays, several companies are showing interest in the storyboard demonstration of a service or a product, that gives a concise, detailed, and clear information rather than simply text-heavy content. Technical illustration software helps consumers understand difficult concepts quickly and easily by simply observing an illustration, instead of reading a text-heavy and lengthy explanation. The software enables high-impact visual communication and provides various design features that businesses need for basing illustrations on.

Furthermore, with the help of this software, organizations can design 3D models of their products for demonstrating the features of the products from different angles, which will, in turn, help them attract customers and attain higher sales. Technical illustration software is used for designing and creating visual representations of services and products provided by a company.

It can be either raster-based or vector-based. While vector-based software draws shapes, lines, and paths on the basis of mathematical principles, the raster-based software generates images from pixels. Depending on component, the technical illustration software market is divided into service and solution categories.

This market research report provides a comprehensive overview of the market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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How Are Tourism and Hospitality Industries Boosting Mexico Shower Glass Door Market Growth?

The flourishing tourism and hospitality industries and increasing consumer focus on do-it-yourself (DIY) activities and home décor will drive the Mexican shower glass door market at a 6.7% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market stood at $255.7 million in 2020 and it is expected to reach $483.1 million by 2030. Moreover, the rising purchasing power of customers, on account of enhancing per capita income, will allow them to spend on luxury consumer goods, such as shower glass doors.

The expanding tourism and hospitality sectors have a positive impact on the Mexican shower glass door market. The growth in these sectors has resulted in an exponential rise in the number of resorts and hotels. Owing to this reason, the adoption of shower glass doors has significantly increased. As bathrooms are an important part of the resorts and hotels, the service charges of rooms also depend on the luxury components of the bathrooms. 

The shower glass door products offered through indirect sales and direct sales channels in Mexico are produced by Megaluminio Servicios Sociedad Anónima de Capital Variable, Luxury Glass Doors, Contractors Wardrobe Inc., Soliglass S.A. de C.V., American Standard Brands, Luma ´k S.A. de C.V., Vitralum Glass Solutions Inc., Kinetic S.A. de C.V., VIGO Industries LLC, and Foshan Korra Bath Ware Co. Ltd. These market players are involved in the production of framed and frameless shower glass doors, which are being adopted in the country. 

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Thus, the bolstering tourism and hospitality industries and the growing popularity of the DIY concept will augment the demand for shower glass doors in Mexico, during the forecast period.

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Mushrooming Commercial Vehicle Sales Driving Electric Power Steering Demand

The growing integration of electric power steering (EPS) systems in commercial vehicles such as buses and trucks is pushing up their demand all over the world. Commercial vehicles usually operate at night and have to travel through remote locations, often facing harsh weather and conditions. Thus, commercial vehicle drivers and fleet owners are increasingly incorporating electric power steering systems in their vehicles in order to reduce the chances of road accidents.

Additionally, the implementation of regulations regarding the adoption of advanced driver assistance systems (ADAS) with several vehicle systems by the governments of various countries is also propelling the demand for electric power steering systems. For example, as per the Regulation No. 79 of the Economic Commission for Europe, of the United Nations (UN/ECE), the uniform provisions pertaining to the approval of automobiles mandate the installation of advanced steering equipment in vehicles. 

This is, in turn, fueling the expansion of the global electric power steering market. EPS systems are installed in both commercial vehicles and passenger cars. Between these two, the adoption of these systems was found to be higher in the passenger cars between 2014 and 2019. This was because of the large number of passenger cars in operation and the launch of new models equipped with advanced EPS systems. 

Hence, it can be said with confidence that the demand for electric power steering systems will surge sharply in the coming years, primarily because of their growing requirement in the commercial vehicles, on account of the rising prevalence of road accidents and the enactment of stringent government regulations regarding their integration in these vehicles across the world. 

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Why Is Aerospace Industry Using Thermal Spray Materials?

Thermal sprays are widely used in the medical devices, oil and gas, aerospace, automotive, electronics, energy and power, rubber, mining, industrial manufacturing, textile, and food processing industries. According to P&S Intelligence, the aerospace industry used the highest quantity of thermal spray materials in the past, especially in the coatings applied on turbo-machinery, such as rotor-path linings, engine components, compressor seals, high-pressure turbine seals, airframes, and oil seals. The aerospace industry uses these materials to improve fuel efficiency, enhance fluid dynamics, reduce maintenance costs, and decrease wear and tear.

The rising penetration of the aerial mode of transportation and spurring demand for commercial and fighter aircraft will, thus, increase the requirement for thermal spray materials in the coming years. Moreover, the higher budgetary allocation for the defense sector by the governments of the U.S., Japan, China, and India will facilitate the growth of the aerospace industry. The expansion of the aerospace industry will, therefore, drive the thermal spray materials market at a 7.4% CAGR during the forecast period. The market revenue is expected to grow from $1,860.8 million in 2018 to $2,869.2 million by 2024.

In recent years, the usage of thermal spray materials has significantly surged in the Eastern European and Asia-Pacific regions due to the vast population and rapid urbanization here. These two factors have, in turn, led to a massive demand for machinery in the consumer products, construction, and automotive industries. Such equipment requires thermal spray coatings to protect them from wear, erosion, corrosion, and any other type of damage, which is why chemical companies that provide these materials are witnessing consistent business growth.

Geographically, the North American region held the largest share in the thermal spray materials market in 2018. This can be attributed to the presence of major military and civil aircraft manufacturing companies in the region, such as Bombardier Inc., The Boeing Company, and Lockheed Martin Corporation. Moreover, the existence of leading automotive companies, such as Ford Motor Company, General Motors (GM), Tesla Inc., Chevrolet, Lincoln, Chrysler, and Jeep, also stimulates the market growth in the region.

Thus, the growing aerospace industry, on account of the high demand for commercial and military aircraft and high penetration of aerial transportation, will result in the high-volume consumption of thermal spray materials in the coming years.

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Booming Cosmetics Industry Driving Demand for 1,3-Butylene Glycol in Asia-Pacific

With the expansion of the cosmetics industry, the demand for 1,3-butylene glycol is rising sharply across the world. This is because the compound is heavily used as a humectant in cosmetics, due to its ability to be used as viscosity-decreasing component. In addition to this, the compound fixes volatile compounds such as flavors and fragrances in cosmetic formulations, which, in turn, stabilizes them, assists in aroma retention, and prevents the spoilage of cosmetic formulations by microorganisms.

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Furthermore, the compound has a high distribution coefficient, which leads to the higher efficacy of the preservatives mixed in the formulations. This allows the cosmetics producers to reduce the dosage of the applied preservatives. Besides this, the surging geriatric population, the huge investments being made in the cosmetics sector, and the soaring disposable income of people are also positively impacting the demand for 1,3-butylene glycol by pushing up the demand for beauty and personal care products across the world. 

Another major factor fueling the demand for the compound is its mushrooming requirement in the pharmaceutical sector. Due to these factors, the global 1,3-butylene glycol market is booming. As a result, its size is predicted to rise from $139,994.9 thousand in 2019 to $227,057.5 thousand by 2030. Furthermore, the market is expected to progress at a CAGR of 5.0% between 2020 and 2030. Cosmetics and personal care products and food products are the major application areas of 1,3-butylene glycol.

Globally, the 1,3-butylene glycol market will exhibit the fastest growth in the Asia-Pacific region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. This is attributed to the ballooning sales of beauty care products in the emerging economies such as India and China, due to the surging disposable income of the people residing in these countries. Moreover, many beauty care product manufacturers are rapidly expanding their production capacities for meeting the soaring requirements. 

Therefore, it is clear that the demand for 1,3-butylene glycol will surge in the upcoming years, mainly because of its growing usage in the pharmaceutical industry and cosmetics and personal care products and the expansion of these industries across the world.

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Why Is North America Largest User of Precision Medicine?

Due to genetic factors, stress, pollution, aging, alcohol and tobacco abuse, and many other reasons, the prevalence of chronic diseases, such as cancer, cardiovascular diseases (CVDs), asthma, and chronic obstructive pulmonary disease, is rising. These and other diseases, though affecting a large chunk of the population, often affect individuals differently. In the same vein, one treatment that is effective for one person may not be for another. Since, the realization of the fact that people’s genetics plays a key role in determining how a disease will behave or how they will respond to the treatment, the demand for  precision medicine, has been growing.

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The government support to precision medicine in other parts of the world has been equally strong. For instance, Argentina initiated the Precision Medicine Initiative Grant in 2017, so that the experimental techniques and knowledge could be put to clinical use. The reason this field of medical sciences is gaining such significance is that personalized medicine is developed after extensively studying the genes of individual patients. This helps in deciphering how the disease will behave inside the person’s body, which further allows the healthcare fraternity to design treatments specifically for that individual.

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As this entire approach is still majorly experimental, North America is the most-productive precision medicine market currently. Numerous pharmaceutical and biotechnological companies offering products in the areas of genetic and genomics exist in the region. Additionally, researchers and academic institutes in the continent are receiving heavy funding from venture capitalists and government organizations. Further, the rapidly rising COVID-19 case and death counts have made personalized treatments a necessity, especially since the complications of the disease have been diverse here.

Precision medicine is offered in the form of therapeutics, personalized medical care, and diagnostics. Among these, therapeutics are the most-widely provided form of precision medicine on account of the various benefits personalized therapeutics offer, especially with advancements in the genetics field. In the years to come, the demand for personalized medical care will increase the fastest owing to the rising funding and grants by governments for telemedicine and increasing demand for patient monitoring services, especially in far-flung areas.

Therefore, with continuous research activities and clinical trials, the field of precision medicine will keep advancing.

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Mattress Market To Generate $64,045.5 Million Revenue by 2030

A number of factors, such as the surging disposable income and favorable government policies, rising standard of living, increasing population, growing tourism industry, surging concern regarding sound and healthy sleep, rising migration to urban areas, and increasing prevalence of back and spine problems across the globe, are expected to drive the growth of the mattress market at a CAGR of 7.0% during the foreseeable period (2021–2030). According to P&S Intelligence, the market generated $32,875.3 million revenue in 2020, and it is expected to reach $64,045.5 million by 2030. 

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One of the prime factors aiding the mattress market growth is the surging disposable income and favorable government policies for the real estate sector. For instance, as per the Organisation for Economic Co-operation and Development (OECD), the global disposable income increased at a growth rate of over 2% in 2019 from 2018. These factors are making housing affordable, which is increasing the home ownership rate, thus driving the demand for mattresses. Moreover, the rising disposable income boosts the tourism sector, thereby positively impacting the market growth.

The product segment of the mattress market is categorized into innerspring, latex, memory foam, and others. Among these, the memory foam category accounted for the largest market share in 2020. This is ascribed to the high usage of this type of mattresses by individuals suffering from orthopedic problems, as these mattresses offer more comfort, more evenly distribute the body weight, and better support the body in response to pressure and heat as compared to other types. Moreover, they are used in the commercial sector owing to their low price and easy availability.

Geographically, the Asia-Pacific (APAC) mattress market generated the highest revenue in 2020, and it is also expected to witness the same trend during the forecast period. This is attributed to the growing tourism industry, surging per capita disposable income in developing countries, increasing population of China, India, and Indonesia, improving standards of living of the middle-class population, and rising purchasing power of people. In addition, with the awareness on sound and healthy sleep rising, people are replacing their mattresses more often than before. 

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Thus, the rising disposable income, favorable government policies, and increasing migration to urban areas are expected to boost the market growth during the forecast period.

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Demand for Automotive Refinish Coatings Expected to Soar in APAC in Coming Years

With the increasing income of people and the surging gross domestic product (GDP) of many countries, the sales of automobiles are booming, which is, in turn, pushing up the demand for automotive refinish coatings. For example, due to the surge in the GDP, the sales of automobiles in China grew by 28.03 million four-wheelers in 2016. This subsequently fueled the demand for refinish coatings, as these coatings are heavily required for automobile maintenance and repair.

Similarly, in India, the sales of used cars increased from 1.6 million units in 2011 to 3.3 million units in 2016. The U.S. also witnessed a massive rise in the sales of used trucks and cars, with the sale of 17.6 million units in 2016, because of the lower prices of these vehicles in comparison to new vehicles. Apart from this, the mushrooming demand for recreational vehicles is also fueling the sales of automotive refinish coatings.

With the ballooning sales of these vehicles, manufacturers are increasingly focusing on making modifications, in order to provide economically viable and customized RVs to customers. This growing trend of modification and customization of RVs is fueling the demand for automotive refinish coatings, thereby driving the expansion of the global automotive refinish coatings market. Primer & filler, basecoat, and clearcoat are the most widely used types of automotive refinish coatings around the world.

Out of these, the application of these coatings is predicted to rise rapidly on two-wheelers in the coming years, owing to the soaring sales of both used and new two-wheelers globally. Across the globe, the demand for automotive refinish coatings is predicted to surge in Asia-Pacific (APAC) in the upcoming years. This is ascribed to the mushrooming sales of vehicles in the regional countries such as China and India and the growing number of vehicle manufacturing facilities in the region.

Hence, it can be safely said that the demand for automotive refinish coatings will shoot up in the future, primarily because of the surging sales of automobiles, ballooning popularity of customized RVs, increasing average lifespan of vehicles, and the growing incidence of road accidents in various countries.

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Obesity/Surgery Devices Market Set for Prosperity in Future

The rising prevalence of obesity and increasing awareness about bariatric surgery amongst the obese people are the biggest factors responsible for the surge in the demand for obesity/bariatric surgery devices across the world. According to the statistics published by the American Society for Metabolic and Bariatric Surgery (ASMBS), the total number of bariatric surgeries conducted in the U.S. increased from 158,000 to 196,000 from 2011 to 2015. Due to the growing adoption of these surgeries, the demand for obesity surgery devices will undoubtedly increase in the coming years.

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Several companies across the world are increasingly organizing obesity awareness programs for increasing the public awareness about the various medical treatment and surgery options available for those suffering from obesity. For instance, a non-profit organization in the U.S., called Campaign to End Obesity, regularly conducts programs in order to increase the public awareness about exercise, bariatric surgery, and diet. The American Association of Physicians of Indian Origin (AAPI) started the Childhood Obesity Awareness program in 2013, which has so far significantly increased awareness about bariatric surgeries in the U.S.

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Geographically, the Asia-Pacific (APAC) region, owing to the increasing incidence of obesity and flourishing medical tourism industry, is projected to register the fastest growth in the utilization of obesity/bariatric surgery devices during the forecast period. As per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), elderly people are predicted to account for nearly 20.0% of the total population by 2050, thereby propelling the demand for obesity surgeries in the region. As a result, the obesity/bariatric surgery devices market will boom in the region in future.

Thus, the demand for obesity/bariatric surgery devices will shoot up massively across the world over the next few years, owing to the rising prevalence of obesity and soaring geriatric population.

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How Can Head-Up Displays Help Prevent Accidents?

With more than 1.3 million people dying in vehicle crashes every year, as per the World Health Organization (WHO), the focus on making road transportation safer has increased massively in the recent past. What is disheartening is that most of these accidents are caused not by a failure of vehicle systems but by humans themselves. The key reasons because of which automobiles crash are over-speeding, not paying attention to the road while driving, talking on the phone while driving, reckless driving, and not keeping enough distance from the vehicle in front.

As a result, the need for systems and software that can aid people while driving is rising, and many countries have mandated their adoption in automobiles. This is a key reason because of which P&S Intelligence expects the automotive head-up display market to witness rapid growth in the years to come. These systems are to become a key component of vehicles integrated with advanced driver-assistance systems, which offer tire pressure data, drowsiness monitoring, parking assist, adaptive cruise control, blind-spot detection, lane departure warning, adaptive front lighting, night vision, and driver monitoring functionalities.

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Due to such efforts, “Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase.”, the International Energy Agency (IEA) says in its Global EV Outlook 2020 report. In PEVs, head-up displays aren’t just needed to display the ADAS data, but the data of the vehicle itself, including battery charge level, battery temperature, and charging status. Thus, with the International Renewable Energy Agency (IRENA) projecting the number of electric cars in operation to touch 200 million by 2030, the demand for head-up displays can be expected to skyrocket.

In the coming years, Asia-Pacific (APAC) will be the largest automotive head-up display market because of the rising automobile sales, including those of PEVs, in the region. In addition, China, South Korea, Japan, and India are among the top 10 vehicle producers owing to the cost-effectiveness of labor and raw materials and less-strict environmental regulations. These advantages have attracted many European and North American automakers to set up their plants in the region.

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Hence, with the rising production of automobiles and increasing focus on road safety, the demand for head-up displays will keep booming around the world.

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Physiotherapy Tapes and Bandages Providing Relief to Road Accident Victims in LATAM

According to the World Confederation for Physical Therapy, the total number of physiotherapists in Latin America (LATAM) stood at 350,221, as of June 2019. The Confederation further stated that Brazil had 250,000, Colombia had 29,483, Peru had 5,000, Chile had 30,360, Ecuador had 2,530, and Mexico had 4,861 practicing physiotherapists. Due to the presence of a large number of such medical professionals, the consumption of physiotherapy tapes and bandages is quite high in the region.

Moreover, high incidence of road accidents and sports injuries in the region is expected to fuel the LATAM physiotherapy tapes and bandages market at 2.7% CAGR during the forecast period (2020–2030). The market was valued at $30.4 million in 2019 and it is expected to reach $39.8 million by 2030. The World Health Organization (WHO) recorded that the death rate per 10,000 people due to road accidents, in 2018, was 10.2%, 13.4%, 13.7%, 20.2%, 21.5%, 24.8%, and 40.8% in Chile, Argentina, Peru, Brazil, Colombia, Ecuador, and Venezuela, respectively.

The road accident victims often suffer severe injuries and fractures, which require surgeries. These patients often need physiotherapy as a part of post-op care, to reduce or overcome effects of disability caused due to accidents. Aftercare physiotherapy is generally carried out by using physiotherapy bandages, which offer relief from severe pain. To offer better treatment to such victims, key market players like DeRoyal Industries Inc., Implus Corporation, Johnson & Johnson, Becker Orthopedic, Essity AB, 3M Company, Beiersdorf AG, NASARA Corporation, and Kinesio Taping LLC have been launching advanced products.

Thus, the growing incidence of road accidents and the burgeoning number of practicing physiotherapists in LATAM will boost the usage of physiotherapy tapes and bandages in the foreseeable future.

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Demand for Fracture Management to be Highest in Brazil due to Increasing Hip Fracture Cases

 The prevalence of osteoporosis in Latin America (LATAM) has been growing at a rapid pace. The bone diseases causes the loss of bone density, which, in turn, raises the risk of fractures in the body. In LATAM, osteoporosis is among the key causes for the growing incidence of fractures. According to the International Osteoporosis Foundation, people in the region are projected to suffer from about 655,648 hip fractures by 2050. 

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This growing prevalence of osteoporosis and rising incidence of fractures are leading to the increasing need for fracture management in the region. According to a research conducted by P&S Intelligence, the LATAM fracture management market is projected to generate a revenue of $1,002.9 million by 2030, rising from $592.0 million in 2019, progressing at a 5.1% CAGR during the forecast period (2020–2030). The major function of fracture management is to decrease the open or closed fracture in a way that will result in the restoration of normal anatomy. 

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The material used for fracture management are synthetic, plaster of Paris (POP), bioabsorbable, and metallic. Most of the plating systems, screws, hip plates, and other types of plating system accessories are primarily made up of surgical steel, stainless steel, or other kinds of metals, owing to which, the demand for metallic material has been high in the region. They are crucial elements when it comes to fracture management, since they return the lost physical strength and rigidness to the body. 

Fracture management products and materials are used at ambulatory surgery centers, clinics & orthopedic centers, and hospitals, out of which, hospitals are expected to create high demand for them in the coming years. These medical settings offer the best trauma management facilities, which can be ascribed to the fact that they have a 24/7 availability of staff and medical devices which are needed to treat such patients. 

Within the region, Brazil emerged as the major LATAM fracture management market in 2019, and the country is further predicted to create the highest demand for fracture management materials in the years to come as well. The increasing number of osteoporosis and orthopedic disease cases and surging geriatric pollution is driving the demand for fracture management in the region. As per the National Osteoporosis Foundation and the International Osteoporosis Foundation, 141,925 women and 55,844 men are predicted to suffer from hip fractures by 2040. 

Hence, the market is growing due to the increasing prevalence of osteoporosis and rising incidence of fractures in LATAM.  

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Booming Logistics Industry Driving Demand for Diesel Exhaust Fluid

Historically, the sales of diesel exhaust fluids (AdBlue) were driven by the extensive deployment of medium- and heavy-duty commercial vehicles such as mining and construction vehicles and trucks. However, the increasing enactment of stringent vehicular emission norms by the governments of several countries and the growing requirement for higher fuel efficiency, especially in the European, Asian, and North American countries are fueling the requirement for these fluids in passenger vehicles as well. 

The governments of many countries are increasingly launching initiatives, such as strict environmental regulations, for reducing air pollution. For example, in the U.S., the emission standards were upgraded from United States Environmental Protection Agency (USEPA) Tier 2 to USEPA Tier 3 in 2017. Similarly, in Europe, the Euro 6 emission standards were enacted and the region aims to enact stricter amendments in the forthcoming years, which would, in turn, push up the demand for diesel exhaust fluid. 

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Additionally, the mushrooming sales of heavy-duty vehicles such as trailers and trucks, on account of the rising industrialization rate and the rapidly improving logistics infrastructure in order to ensure the timely delivery of products in remote areas, are also fueling the demand for these fluids across the globe. As per reports, nearly four million trucks are predicted to be sold globally by 2023. This will subsequently cause the expansion of the diesel exhaust fluid market.

Additionally, the growing demand for product transportation is augmenting the deployment of heavy-duty trucks, which is, in turn, propelling the requirement for bulk storage solutions. Geographically, the diesel exhaust fluid market will exhibit rapid expansion in Asia-Pacific (APAC) in the coming years, as per the estimates of the market research company, P&S Intelligence. This will be because of the surging sales of heavy- and medium-duty vehicles and the implementation of strict emission norms in the regional countries. 

Hence, it can be safely said that the demand for diesel exhaust fluid will shoot up in the forthcoming years, primarily because of the growing enactment of strict emission norms and the mushrooming sales of heavy-duty vehicles, on account of the booming transportation and logistics industries and the launch of infrastructural development projects in various countries.

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Why Is Demand for Alumina Rising with Increasing Consumption of Steel?

Aluminum is a versatile material, providing high strength relative to its mass density. From soda cans and window frames to aircraft parts and trainsets, aluminum is prized in a wide range of applications. As a result, the mining of bauxite to yield alumina, which is essentially aluminum oxide (Al2O3), is picking up around the world, especially in India, China, Malaysia, Australia, and Indonesia. The bauxite is used to derive various grades of alumina, including tabular, calcined, metallurgical, reactive, fused, bubble, high-purity, activated, and submicron.

This is because apart from metallurgy, aluminum oxide has various other applications, namely as refractories and the manufacturing of abrasives, ceramics, aerosol lubricants, and bearings. Of these, metallurgy remains the largest application of the compound owing to the rising demand for aluminum metal. P&S Intelligence credits this wide application base of the salt while projecting a 2.2% CAGR for the alumina market between 2019 and 2024.

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Apart from this, the consumption of alumina as a refractory material is also increasing. Refractories are generally used to line the walls of industrial furnaces, as they remain stable and do not disintegrate when subjected to extreme temperatures. Most prominently, alumina refractories are used in factories where steel is made. Due to the increasing demand for this iron alloy in the construction sector, the consumption of high-specialty alumina refractories is growing. As per the World Bank in 2018, almost 75% of the infrastructure required in 2050 was yet to be constructed.

Presently, the highest amount of alumina is produced in Asia-Pacific (APAC) on account of the high-volume bauxite mining and processing operations in India, Indonesia, and China. As per the British Geological Survey, these three countries together produced 58.5% of the world’s alumina in 2017. Moreover, reflecting a high degree of forward integration, the agency said that almost 64% of the world’s aluminum was produced in APAC, led by the high-volume production in India, China, Malaysia, Indonesia, and Australia.

In 2019, the alumina market was fragmented in nature and led primarily by companies from China, which have high production capacities. To gain an even larger industry share, companies are further expanding their production facilities. For instance, in January 2019, Vedanta Limited announced intentions to augment its capital expenditure to $300 million to increase production at its Lanjigarh alumina factory in Odisha. Other key companies in the market are United Company RUSAL PLC, Hindalco Industries Limited, Aluminum Corporation of China Limited, Rio Tinto plc, National Aluminum Company Limited, Alcoa Corporation, South32 Limited, Norsk Hydro ASA, CVG Bauxilum CA, Almatis B.V., and Alumina Limited.

Thus, with the growing demand for aluminum and steel, the consumption of aluminum oxide will rise as well.

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Why Is Medical Sector Increasing Its Reliance on Polytetrafluoroethylene?

Polytetrafluoroethylene (PTFE) has replaced traditional plastics in the medical sector owing to its resistance to ultraviolet (UV) radiation, chemical inertness, and low coefficient of friction. Such features make it highly suitable for bio-containment vessels, sutures, catheters, and syringes. Moreover, the high chemical resistance of PTFE makes it suitable for multi-lumen tubing that is needed in minimally invasive procedures. For instance, in May 2019, a custom medical service and solution provider, Bal Seal Engineering Inc., received the USP Class VI compliance status for its SP-23 (polymer with PTFE base) and SP-191 (filled PTFE) seal materials.

Additionally, the surging demand for this common plastic from the electrical and electronics industry will drive the polytetrafluoroethylene market at a CAGR of 5.0% during the forecast period (2019–2024). The market stood at $2,197.8 million in 2018, and it is projected to reach $2,953.6 million in 2024. The compound is required in brush holders, barb insulators, cable ties, connectors, circuit breakers, and fabrication of semiconductor devices. The booming population is fueling the demand for electrical and electronic goods, especially in the emerging economies. This will further increase the application of PTFE in wire and cable jacketing and separation of conductive surfaces in capacitors.

The type segment of the polytetrafluoroethylene market is categorized into powder, aqueous dispersion, and granular. Among these, the granular category accounted for the largest share in 2018, and it is expected to retain its dominance during the forecast period. This can be owed to the large-scale usage and suitability of granular PTFE for rings, gaskets, and seals for aerospace and automotive applications. The powdered category will exhibit the fastest growth in the forecast years owing to rising application of PTFE powder in coatings, electrical tapes, and wire and cables.

The European polytetrafluoroethylene market is expected to hold the second-largest share during the forecast period, on account of the high sales of lightweight vehicles. In the coming years, the production and adoption of lightweight vehicles will accelerate in Germany, the U.K., and France, which, in turn, will create an extensive demand for PTFE for coatings. Additionally, the North American market will also register significant growth in the coming years due to a considerable rise in the industrial processing activities in the region.

Thus, the surging demand for electronic goods and medical equipment and devices will fuel the sales of PTFE in the coming years.

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Why Do Medical Centers Require Specialized Patient Handling Equipment?

People in the age group of 65 and above are expected to number 1.5 billion in 2050, compared to 703 million in 2019, as per the United Nations (UN). They keep falling down, on account of their physical weakness, and regularly contract infectious and other diseases. Thus, the footfall of older patients at medical centers is continuously rising for regular check-ups, comprehensive health workups, and complex surgical and non-surgical procedures that require extended hospital stays.

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Therefore, owing to the rising geriatric population, P&S Intelligence says that the patient handling equipment market revenue will witness a healthy 10.5% CAGR between 2016 and 2022. This is because the elderly and even other hospital patients often need to be moved from one place to another, for instance between their room and the radiology lab or operation room (OR). While many can walk themselves, those with severe injuries or under anesthesia, elderly who lack physical strength, and those who have been asked not to move by doctors need to be handled by the medical staff.

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Apart from medical beds, wheelchairs, and scooters, other kinds of patient handling equipment include bathroom safety supplies, mechanical equipment, ambulatory aids, and non-mechanical equipment. Among these, hospital beds remain the most-widely used piece of such equipment because they are the basic amenities required at any medical center, be it a tertiary-care hospital, trauma center, neighborhood clinic, or diagnostic center. Moreover, with the introduction of controls in such beds for adjusting their ground clearance or angle of the head and footrests, the burden on the medical staff of having to physically handle the patients has significantly reduced.

Currently, Europe is the largest patient handling equipment market because of the high healthcare expenditure of regional countries. Moreover, many of them have a proper framework for medical insurance and reimbursements, which results in a high footfall at all types of healthcare facilities. Both these factors have also led to a high surgery volume, for both essential and elective purposes, thereby driving the demand for patient handling equipment at such centers.

Thus, as the number of patients at healthcare facilities rises, so will the procurement rate of equipment that can help the medical staff handle them with care.

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How Will Geriatric Population Boom Drive Point-of-Care Ultrasound Device Demand?

The World Population Prospects: the 2019 Revision reveals that 1 in 6 people in the world will be aged more than 65 years by 2050. The data also projects that the number of individuals aged 80 years or above will rise from 143 million in 2019 to around 426 million by 2050. Likewise, the World Population Ageing Report 2020 of the UNDESA estimates that the population of people aged 65 years or more will grow from 727 million in 2020 to approximately 1.5 billion by 2050.

The expanding geriatric population will help the point-of-care ultrasound (PoCUS) device market showcase a CAGR of 7.9% during this decade. According to P&S Intelligence, the market revenue stood at $2,186.8 million in 2020, and it will reach $4,546.5 million by 2030. PoCUS devices are used widely on elderly patients because they have more complications and a higher mortality rate as compared to their younger counterparts. For instance, primary-care physicians use these imagers to screen for abnormal aortic aneurysms (AAA) and prostatic enlargement in the elderly.

In this regard, the surging prevalence of chronic diseases will create an enormous requirement for PoCUS devices. The WHO estimates that non-communicable diseases (NCDs) or chronic disorders claim 41 million human lives each year, accounting for around 71% of the global deaths. The organization reveals that cancers, CVDs, diabetes, and respiratory diseases are responsible for nearly 9.6 million, 17.9 million, 1.5 million, and 4.1 million fatalities, respectively, annually.

PoCUS devices are used for diagnostic and therapeutic purposes in cardiology, musculoskeletal, emergency medicine, vascular and urology, and obstetrics and gynecology departments. In the coming years, diagnostic devices will gain higher traction due to the growing prevalence of heart diseases. These devices are being used for cardiac ultrasound for mitral regurgitation, pericardial effusion, left ventricular systolic function, pulmonary edema, pleural effusion, and pneumothorax. Medical professionals use compact/handheld and cart-based/trolley PoCUS devices for such diagnostic applications.

Globally, the European region dominated the point-of-care ultrasound device market in the recent past, and it is expected to maintain the lead in the foreseeable future as well. This can be owed to the growing aging population, expanding prevalence of chronic diseases, escalating healthcare expenditure, and ongoing advancements in technology. According to the European Commission, 20.3% of the people in the EU were aged 65 years or above in 2019. Among EU nations, Italy, Greece, Portugal, Finland, Germany, Bulgaria had the largest share of geriatric citizens in their total populations in 2019.

Thus, the increasing population of elderly people and rising incidence of chronic ailments will encourage the use of PoCUS devices in the forthcoming years.

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Mushrooming Petrochemical Sales Propelling Global Methanol Demand

The burgeoning demand for petrochemicals is driving the sales of methanol across the world. This is because methanol is extensively used in the petrochemical industry for manufacturing various petrochemical products such as methyl chloride, methyl methacrylate (MMA), meth tert-butyl ether, formaldehyde, methylamine, and acetic acid. The expansion of several end-use industries such as automotive and construction, primarily because of the increasing disposable income and surging population, is propelling the sales of these products.

Furthermore, the rising globalization rate is creating lucrative growth opportunities for petrochemical companies, as they are now able to open their production facilities in multiple regions. Apart from this, the soaring requirement for methanol-based fuel, on account of its eco-friendliness, is also fueling the demand for methanol, thereby driving the expansion of the global methanol market. As a result, the market value is predicted to rise above $20 billion (its value in 2020) in the coming years.

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Automotive, electronic, construction, paint & coating, chemical, packaging, and pharmaceutical are the major end-use industries of methanol. Out of these, the requirement for the chemical was the highest in the automotive industry during the last few years, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge requirement for automobiles around the world and the huge demand for clean and green fuel sources for vehicles.

This is ascribed to its several applications such as development of building materials and many household items. Furthermore, formaldehyde is heavily used for manufacturing interior-molded components of automobiles for reducing their weight and increasing their efficiency and as a preservative in various biological materials. Geographically, the demand for the chemical is predicted to soar in Asia-Pacific (APAC) in the upcoming years, primarily because of the surging utilization of methanol-based fuel in the regional countries such as India, Japan, and China.

Hence, it is clear that the demand for methanol will shoot up all over the world in the coming years, mainly because of the soaring sales of petrochemicals, growing requirement for methanol-based fuel, and the increasing production of formaldehyde. 

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Why Is Transportation Sector Substituting Fasteners with Structural Adhesives?

The transportation sector is switching from traditional fasteners to structural adhesives, due to the surging preference for high structural strength vehicles like automobiles, ships, and airplanes. This shift can be owed to the lower cost, better fuel economy, eco-friendliness, and lesser weight of structural adhesives, as compared to fasteners. In addition, these adhesives also have the ability to lower differential expansion rates, a natural, watertight, and inert protective barrier between potentially corrosive metals. Thus, these benefits will fuel the adoption of structural adhesives in the coming years.

In addition, the rising application of structural adhesives in the infrastructure sector will drive the market for structural adhesives at 5.2% CAGR during 2019–2024. The market was valued at $11,677.9 million in 2018 and it is expected to reach $15,683.0 million by 2024. These products are used to bind several surfaces and for repairing roads, railways, and bridges, owing to their high strength and resistance toward chemicals, temperature, and weather. Also, rapid urbanization has led to the construction of several residential and commercial units, which require large quantities of structural adhesives for binding purposes.

The market is categorized into wind energy, woodworking, building & construction, DIY, footwear, automotive, and aerospace, on the basis of application. Out of these, the building & construction category is predicted to register the fastest CAGR during the forecast period, owing to the increasing usage of such adhesives in various applications, such as concrete, ceramic tiles, flooring underlayment, countertop lamination, drywall lamination, HVAC, houses, cement, wall covering, resilient flooring, and roofing. 

Geographically, the structural adhesives market was dominated by Asia-Pacific in the past, and the region is further predicted to exhibit the highest CAGR during the forecast period as well. The rapid expansion of the construction industry, which can be attributed to the rising infrastructural investments, is creating high demand for structural adhesives in APAC. Moreover, these adhesives are also being used in the region in automotive, manufacturing, and metal applications.  

In conclusion, the increasing need for infrastructural development and expanding construction industry are leading to the growing demand for structural adhesives.

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Why Is Food and Beverage Sector Increasingly Using Packaging Adhesives?

Adhesives are widely used in the packaging of food and beverages to ensure the safety of these items. With the escalating consumer consciousness regarding health, there has been a notable surge in the need to maintain shelf life or freshness of packaged food products. Moreover, the booming urban population, increasing travel activities, and rising awareness on nutrition will amplify the consumption of packaged healthy food in the coming years. Besides, the busier lifestyle of people is also forcing them to shift toward packaged food items that require adhesives in large quantities.

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Additionally, the rising consumption of low-tack adhesives (LTAs) for the reclosable application will drive the packaging adhesives market at a CAGR of 4.6% during the forecast period (2020–2030). The market generated a revenue of $10,426.9 million in 2019 and it is projected to generate $17,137.4 million by 2030. The LTA is used in reclosable application, due its high-adhesion ability, which provides better usability for consumers and offers a cost-competitive option to manufacturers of packaging products. Unlike the zipper seals, the LTAs do not need to be precisely aligned to reclose a package.

Geographically, the Far East generated the highest revenue in the packaging adhesives market in 2019, due to wide-scale consumption of adhesives in China in industries like e-commerce, food & beverage, personal care, and consumer goods. Further, the region is projected to hold the largest market share, in terms of volume, during the forecast period. This can be ascribed to the growing e-commerce and consumer goods sectors in South Korea, Japan, and China. The e-commerce industry uses packaging adhesives for labeling that is used for product tracing, coupled with the application of tapes for efficient delivery of goods.  

With the increasing applications of packaging adhesives, adhesive producers are undertaking several strategies, such as geographical expansion and product launch, to cater to the surging demand. One of the leading players of the packaging adhesives market, Evonik Industries, in November 2019, announced its plan to expand its presence in Darmstadt, Germany, for heat sealing and organic dispersion applications. As for the product launch, the company offers packaging adhesives under its DEGALAN brand, to cater to the packaging industry.

Thus, the expansion of the packaging and e-commerce industries will assist the market growth during the forecast period.

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Delhi To Witness Boom in Indian Used Car Market in Coming Years

The Indian used car market attained a value of $18.3 billion in 2020, and it is predicted to progress at a CAGR of 14.8% between 2021 and 2030. Furthermore, the market will generate a revenue of $70.8 billion by 2030. The factors driving the expansion of the market are the growing customer focus on premium automobiles that are available at affordable prices and the rising public preference for imported cars in the country.

In addition, the growing penetration of various organized players, original equipment manufacturers (OEMs), and large vehicle dealers such as OLX Autos by OLX Group, Quikr Cars by Quikr India Private Limited, and Cars24 Services Pvt. Ltd. in the industry is also fueling the expansion of the market. With the increasing involvement of these companies, the sales of second-hand vehicles will shoot up in the country in the coming years, primarily because of the higher reliability and trust offered by them. 

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Besides the aforementioned factors, the entry of several pre-owned luxury automobile dealers is also driving the progress of the Indian used car market. For example, Big Boy Toyz Pvt Ltd. (BBT) is a marketplace for imported and luxury vehicles in India. The organization buys a large number of vehicles from premium and luxury OEMs such as Toyota Motor Company (Lexus), General Motors (Cadillac), Tata Motors Limited (Land Rover and Jaguar), and BMW AG.

 The Indian used car market will exhibit the fastest growth in Delhi in the forthcoming years, as per the estimates of the market research firm, P&S Intelligence. This is attributed to the fact that the average new vehicle ownership time duration is decreasing rapidly in the state. Additionally, used vehicles are sold at highly affordable rates in Delhi. Moreover, many retailers usually perform minor repair works such as painting and denting and then sell the vehicles at high profit margins.  

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Hence, it can be safely said that the market will register huge expansion in the coming years, primarily because of the rising demand for second-hand luxury and premium vehicles and the growing public preference for imported cars in the country. 

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Why Are Automakers Shifting Toward 300–450 TBN Calcium, Barium, and Magnesium Sulphonates?

300–450 TBN calcium, barium, and magnesium sulphonates are being increasingly used in greases as a thickener, as they offer better water resistance, mechanical stability, extreme-pressure resistance, adequate-corrosion resistance, and anti-wear property. Additionally, the declining cost of these sulphonates, on account of improvement in manufacturing technology, has increased their preference over lithium sulphonates. Owing to the advantageous characteristics of the chemical, its usage has considerably amplified in steel, mining, and paper machinery.

The rapid shift to calcium sulphonate from lithium sulphonate in the production of grease-based products like automobile and industrial lubricants will drive the 300–450 TBN calcium, barium, and magnesium sulphonates market at 10.9% CAGR between 2020 and 2030. The market is expected to reach $231.2 million by 2030 from $73.5 million in 2019. Earlier, the manufacturing, marine, steel, automotive, and mining sectors used to prefer lithium sulphonate due to its low cost and highly pumpable features. However, stringent environmental legislations, in recent years, have shifted the focus toward calcium sulphonate.

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Depending on type, the 300–450 TBN calcium, barium, and magnesium sulphonates market is classified into calcium sulphonate, barium sulphonate, and magnesium sulphonate. Amongst these, the calcium sulphonate category is predicted to exhibit the highest CAGR, in terms of revenue growth, in the market in the forthcoming years. This will be because of the extensive usage of this salt in the marine, steel, automotive, and food processing sectors, on account of its appreciable hydrophobicity and high stability in extreme pressure.

When end use is taken into consideration, the 300–450 TBN calcium, barium, and magnesium sulphonates market is categorized into automotive, marine, and industrial machinery. Out of these, the automotive category registered the highest growth in the market during the past few years. This was because lubricants and greases containing the various sulphonates of calcium, barium, and magnesium are heavily used in chassis, universal joints, mirror gears, wheel bearings, electronic power steering, suspension parts, ball joints, and rolling bearings. 

Geographically, the 300–450 TBN calcium, barium, and magnesium sulphonates market will demonstrate the highest revenue growth in the Asia-Pacific region in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This will be a result of the rapidly soaring requirement for passenger cars and commercial vehicles in the region. The turbocharged direct-injection engines used in passenger cars require greases and lubricants made from stronger additives like calcium sulphonate. 

Thus, it can be said without any hesitation that the demand for 300–450 TBN calcium, barium, and magnesium sulphonates will skyrocket all over the world in the coming years, primarily because of the various beneficial characteristics of the calcium sulphonate-based greases and their minimal environmental impact.

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How Is Radiation Dose Management Software Improving Patient Care?

 Radiation dose management (RDM) solutions and services are deployed to protect patients from the damaging effects of the radiation emitted by medical devices. Exposure to high radiation doses even for a short duration can cause radiation sickness and more-severe issues such as cancer. Some of the common symptoms of radiation poisoning include fainting, confusion, nausea, hair loss, diarrhea, bleeding, and mouth and skin sores. Moreover, radiation overexposure is not just a risk for patients; even doctors, other medical staff, and people coming to visit or accompanying patients are at risk.

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Integrated and standalone RDM solutions and implementation and integration, support and maintenance, consulting, and training and education services are offered to hospitals and super-specialty clinics. These solutions and services are largely employed in hospitals, as most of the diagnostic procedures are performed in these facilities to help detect, treat, and manage several diseases. Additionally, RDM products and services are widely used in research laboratories and academic institutes to come up with better diagnosis and treatment options.

Geographically, North America generates the highest demand for radiation dose management solutions and services due to the rising incidence of chronic disorders and surging number of CT examinations in the region. In North America, the U.S. registers the higher adoption of RDM software in comparison to Canada, on account of the increasing prevalence of chronic diseases in the former country. The U.S. Centers for Disease Control and Prevention (CDC) states that 6 in 10 adults in the country are affected by chronic diseases. Additionally, the Medical Imaging and Technology Alliance (MITA) is taking measures to optimize patient dose across the industry in the U.S.

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Furthermore, the European region is expected to display a rapid adoption of radiation dose management software and services in the coming years. Healthcare providers here are adopting RDM solutions and services to maintain the safety standards regarding radiation exposure in medical settings. Moreover, the growing cases of chronic diseases and surging awareness regarding radiation dose safety, created through conferences and campaigns, will fuel the demand for these solutions and services in the future.

Thus, the surging consciousness regarding the harmful effects of overexposure to radiation and escalating focus on patient safety will increase the adoption of RDM solutions and services in healthcare facilities in the foreseeable future.

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Image-Guided Surgery Devices Market to Have Bright Future

Age is progress, and age is decline. While in the first half of life, age enables organisms to function better, in the latter half, it takes away from them, in terms of physical strength and immunity. This is why the elderly fall sick more often than younger people, which is why the former age group witnesses a higher hospitalization and surgery rate. As per the 2019 World Population Ageing report published by the United Nations, people aged 65 years or more will almost double, from 703 million in 2019 to 1.5 billion in 2050. Therefore, with a rise in the geriatric population, the volume of surgeries is also going up.

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Surgeons utilize computed tomography (CT), X-ray fluoroscopy, magnetic resonance imaging (MRI), endoscopes, positron emission tomography (PET), ultrasound, and single-positron emission computed tomography (SPECT), to obtain pre- or intra-operative visuals of the interior human anatomy. Among these, the most significant usage has been of CT, which displays thin 3D slices of tissues, bones, and organs. This is why this modality finds widespread application in surgeries for vascular diseases, skeletal abnormalities, and cancer.

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This is why it becomes even more important for the neurosurgeon to know exactly where to operate. This creates a dire need to have medical imaging handy during procedures, especially those that do not involve full-scale incisions. In the coming years, the usage of such equipment will rise the fastest in orthopedic surgery, owing to the increasing prevalence of bone diseases. The elderly are at the highest risk of bone disorders, including osteopetrosis, osteoporosis, osteopenia, and arthritis, which is why they require surgery.

Around the world, such systems are used the most in North America, as a rising number of people here are suffering from neurological diseases, the population of the elderly is increasing, and advanced technologies are making their way into the healthcare domain. In the continent, the image-guided surgery devices market in the U.S. has been more productive. In the coming years, healthcare centers in Asia-Pacific (APAC) would adopt medical imaging for surgeries at the most rapid pace around the world.

Hence, with the growing volume of surgeries and the need to make them more effective, doctors will increasingly use imaging modalities during the procedures.

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