COVID-19 Driving Demand for Various Medical Gases and Related Equipment

With the burgeoning population and high rate of urbanization, the number of people visiting various kinds of medical centers is increasing every year. This is because, while moving to the cities has certainly raised people’s living standards, the new environment has created a number of problems as well. Air, soil, and water pollution, stressful life, unhealthy dietary habits, and many other issues have led to a rapid rise in the prevalence of all types of diseases. Then, there are crimes and road accidents that cause serious injuries. 

To cater to the increasing number of people in need of medical care, countries around the world are augmenting their healthcare expenditure, so that new facilities can be constructed, the existing ones can be upgraded, and staff can be hired. According to P&S Intelligence, this factor will likely propel the medical gases and equipment market size from $12,607.2 million in 2015 to over $21,600.0 million by 2022, at an 8.0% CAGR between 2016 and 2022. Numerous pure gases and mixtures of gases are used in various applications in healthcare centers, including direct patient care (acute and extended life support, surgery, diagnostics, and anesthetization), laboratories, and device sterilization.

Apart from beds and ventilators, almost all other hospital supplies, including the gases and the equipment used to store and dispense them, are running out. Therefore, countries across the globe are spending like never before to secure essential supplies, which has been driving the demand for medical-grade oxygen and associated equipment. Since COVID-19 is essentially a respiratory infection, ventilators and oxygen have become extremely important in today’s world, in order to save lives. For instance, the Indian government started setting up 246 oxygen production plants across the country.

Hence, as the number of people visiting healthcare facilities increases, the demand for various gases used here, especially the life-giving oxygen, will grow too.

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Why is Middle Eastern Dermal Fillers Market Booming in Saudi Arabia?

 The soaring geriatric population is one of the major factors propelling the demand for dermal fillers in the Middle East, owing to the fact that with increasing age, the body starts registering reduction in glandular and vascular tissues and loss of fibrous tissue. As per the United Nations Department of Economic and Social Affairs (UNDESA), the share of the people aged 60 years and above in Saudi Arabia is expected to be 25% of the total population of the country by the end of 2050.

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The other major factors fuelling the rise in the demand for dermal fillers in the Middle East are the increasing prevalence of skin diseases, rising disposable income of the people, and soaring awareness about scar treatment amongst the people, in the region. In several Middle Eastern countries such as the U.A.E., the climate remains hot and sunny throughout the year and this causes a high occurrence rate of skin ailments and problems such as summer rash, sun burn, dry skin, and summer acne amongst the people, which in turn, boosts the demand for dermal fillers in the country.

Driven by the above-mentioned factors, the value of the Middle Eastern dermal fillers market is expected to rise from $34.3 million to $67.7 million from 2017 to 2023. The market is set to advance at an 11.9% CAGR during the forecast period (2018–2023). There are multiple types of dermal fillers available in the market — hyaluronic acid-based, synthetic polymer-based, hydroxylapatite-based, and collagen-based fillers. Amongst these, hyaluronic acid-based fillers are expected to record the fastest growth in utilization in the various Middle Eastern countries during the forecast period, as they hydrate the skin and raise the skin volume by attracting water.

In the Middle East, Saudi Arabia has been observing the highest usage of dermal fillers since the last few years. This is primarily ascribed to the rising demand for cosmetic surgeries and procedures and the easy availability of skilled medical practitioners, capable of performing dermal filler procedures, in the country. In addition to this, the country is expected to observe huge growth in the geriatric population in the coming years, which will massively boost the demand for dermal fillers in the country in future. 

Therefore, it can be said without any hesitation that owing to the rising incidence of skin diseases and ailments and the mushrooming geriatric population, the demand for dermal fillers will shoot-up in the region in the coming years.

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Urology Surgical Instrument Market to Reach $13.7 Billion by 2023

The prevalence of urinary tract infections (UTI) is growing rapidly, primarily in women. UTIs are among the most frequent clinical bacterial infections in women and account for about 25% of all infections. Approximately 50–60% of women develop UTIs in their lifetime. The infection is caused by Escherichia coli in most patients. Usually, the urinary tract is sterile, however, bacteria may rise from the perianal region and can led to UTI. Pathogens in the bladder can cause irritative symptoms such as urinary urgency and frequency or can be silent. In cases where the bacteria enter the blood stream, they could cause severe complications, including chock, septicemia, and rarely death.

Out of all these, consumable and accessories were the most in demand in the past. There are a number of consumables and accessories, such as needle forceps and needle holders, guidewire, surgical dissectors, stone basket/retrieval device and extractor, drainage bag, catheter, dilator set and ureteral access sheath, stent, fluid flushing device, connecting tube, clamp, overtube, and distal attachment, and biopsy device. Guidewires were the most in demand in the past, which is ascribed to their features such as easy advancement, precise control during surgical procedures, smooth tracking, and maximum manoeuvrability. 

When geographic scenario is taken into consideration, the Asia-Pacific region is predicted to emerge as the fastest growing urology surgical instrument market in the years to come, which is particularly ascribed to the rising awareness regarding urological disorders, expanding healthcare industry, and leading medical tourism destinations in the region. Moreover, the demand for these instruments in the emerging economies, such as India, Indonesia, and Philippines, is growing due to the rise in their gross domestic product. 

In conclusion, the requirement for urology surgical instruments is rising all across the globe because of the growing prevalence of UTIs and CKD.    

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Deployment of Fully Autonomous Vehicles Augmenting IoT Adoption in Automotive Sector

Internet of Things (IoT) refers to an integrated system that comprises machines, people, computing devices, and other devices that allow data sharing among them, over a defined network. As the automotive sector is observing a significant technological shift, automakers across the world are integrating this technology in their vehicle models.  With the surging customer preference for a convenient driving experience and seamless connectivity, automobile manufacturers are increasingly incorporating the IoT technology in their offerings. Additionally, the burgeoning need for capturing real-time information by vehicle operators and users is also augmenting the adoption of this technology worldwide.

IoT in Automotive Market - P&S Intelligence

Besides, the increasing shift toward connected cars will also fuel the IoT in automotive market during 2020–2030. Connected cars have internet access and a wireless local area network (LAN), which facilitates the cars to share their information with various devices inside and outside the vehicles. As these cars are mostly dependent on the usage of IoT, the rising demand for connected cars will amplify the need for IoT solutions in the coming years.   

According to P&S Intelligence, North America dominates the IoT in automotive market, with the automotive industry in the U.S. witnessing the large-scale use of IoT solutions. The leading position of the country can be primarily attributed to the constant technological innovations being made in the region, such as advancements in telematics for vehicles. Besides, the presence of leading automobile manufacturers, such as Ford Motor Co. and General Motors Co. and their increasing focusing on developing connected vehicle technologies are also accelerating the adoption of IoT solutions in the automotive industry in the region. 

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Thus, the soaring demand for connected cars and the rising integration of ADAS components in vehicles will augment the need for IoT solutions in the foreseeable future.  

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Surging Construction Activities Driving Demand for Facility Management in Saudi Arabia

With the expansion of the infrastructure industry, the demand for facility management services is surging in Saudi Arabia. The country has witnessed the launch of several construction projects in the recent years, and this trend will continue in the coming years, due to strong government support and the huge investments being made in this industry. For example, the government announced in January 2019 that it intends to invest $426 billion by 2030 for developing industries and infrastructure in the country.

These infrastructural development projects, once completed, will massively push up the demand for facility management services in the country. Besides, the booming tourism industry is also positively impacting the demand for these services in the country. This is because of the soaring requirement for maintaining resorts and hotels, shopping complexes, and various other facilities and also for catering and security, on account of the expansion of the tourism industry in the country.

Furthermore, the Ministry of Tourism in the country announced in June 2020 that it plans to launch a tourism development fund with an initial investment of $4 billion. Hence, it is safe to say that the expansion of the construction and tourism industries is fueling the growth of the Saudi Arabian facility management market, with the market revenue expected to grow from $31,264.1 million in 2020 to $87,216.0 million by 2030.

Amongst these, the property category held the largest market share in 2020, due to the huge demand for routine maintenance and asset management services and for the advertisement of several leasable properties. When mode is taken into consideration, the market is categorized into outsourced and in-house. Between these, the outsourced category will demonstrate the faster growth in the Saudi Arabian facility management market in the upcoming years, as per the estimates of the market research firm, P&S Intelligence. 

Thus, it is clear that due to the increasing construction and infrastructural development activities and the thriving tourism industry, the demand for facility management services will skyrocket in Saudi Arabia in the coming years.

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Revenue Boom Expected in U.A.E. Mechanical, Electrical, and Plumbing Services Market Between 2021 and 2030

The U.A.E. mechanical, electrical, and plumbing (MEP) services market generated a revenue of $3,025.9 million in 2020, and it is predicted to attain a value of $12,946.9 million by 2030. According to the estimates of P&S Intelligence, a market research firm based in India, the market will advance at a CAGR of 15.7% between 2021 and 2030. The market is being driven by the booming hospitality industry and the increasing construction activities in the country.

The expansion of the hospitality industry, on account of the surge in the travel and tourism industry and the huge investments being made in various tourism development projects such as the Sharjah Tourism Vision 2021 and Dubai Tourism Vision, is fueling the growth of the U.A.E. MEP services market. Furthermore, Dubai was listed by the Forbes travel guide in its list of top 20 travel destinations for 2020. This further propelled the market advancement in the country.

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The electric service category is further divided into home automation, UPS systems, lighting design and control, HV/MV/LV substations, building management systems, security systems, telephone, data, and information technology (IT) systems, and audio visual systems sub-categories. Out of these, the home automation sub-category is predicted to exhibit the highest growth rate in the market in the forthcoming years, on account of the surging disposable income of people and their increasing preference for a luxurious lifestyle.

When end user is taken into consideration, the U.A.E MEP services market is categorized into residential, commercial, retail, industrial, healthcare, government, and hospitality. Out of these, the commercial category contributed the highest revenue to the market in 2020. This was due to the existence of several commercial buildings in the country. Moreover, regular MEP maintenance is very beneficial for buildings as it ensures the prevention of various hazards and keeps the occupants safe. 

Hence, it is quite clear that the market will register huge expansion in the years to come, primarily because of the booming hospitality and travel and tourism industries and the launch of extensive infrastructural development and construction projects all over the country.

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Toughening Vehicle Emission Norms Augmenting Automotive Turbocharger Demand

Automotive turbochargers are used to improve the power output and efficiency of an internal combustion engine (ICE) because it compresses exhaust air from the engine and dispense it to the combustion chamber. At present, turbocharging has become the standard for most diesel engines and some gasoline engines. Researchers across the world are still exploring new ways to improve the designs of turbochargers for reducing the manufacturing cost and enhancing the performance of this automobile component. 

Automotive Turbocharger Market - P&S Intelligence

As turbochargers help in increasing the fuel efficiency of vehicles, the rising implementation of stringent emission norms by governments across the world will augment the automotive turbocharger market growth during 2020–2030. For instance, Japan, the United States, and countries outside of Europe have drafted their emission policies on the pattern of Euro 6/ Euro VI norms and the associated mandates for low-sulfur and clean fuels. By adopting this emission standard, such countries can help in reducing the emission of carbon monoxide (CO), hydrocarbons (HCs), HC + oxides of nitrogen (NOx), and particulate matter (PM) from petrol and diesel engines. 

According to P&S Intelligence, the Asia-Pacific (APAC) region is expected to hold the largest share in the automotive turbocharger market in the foreseeable future. This can be primarily owed to the surging adoption of vehicles with compact engine size and increasing implementation of stringent vehicle emission norms in the region. Moreover, the mounting purchasing power of customers in emerging economies, such as India and China will also augment the integration of turbochargers in vehicles in the coming years. 

High volume adoption of turbochargers by the automotive industry in APAC can also be attributed to the largescale production of automobiles in countries such as China and India. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), India produced 3,062,221 passenger vehicles, 624,939 commercial vehicles, and 18,349,941 two-wheelers during the financial year 2020–2021. Moreover, the China Association of Automobile Manufacturers (CIAAM) states that China produced 1,617,000 passenger cars and 424,000 commercial vehicles in May 2021. 

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Thus, the increasing focus on implementing vehicle emission norms, primarily on account of the soaring requirement for reducing air pollution levels, will propel the adoption of turbochargers in vehicles in the coming years.

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Increasing Construction Activities Fueling High Temperature Elastomer Sales

The surging usage of high temperature elastomers in the automotive industry is propelling their sales around the world. Moreover, with the boom in the automotive industry, especially in the Latin American and Asia-Pacific countries, the demand for these elastomers is rising sharply. These elastomers are extensively used in gaskets, boots, seals, dampers, and hoses, on account of their various beneficial characteristics such as resistance to automotive lubricants and heat, flexibility, and durability. 

Besides, these elastomers are also heavily used in the oil and gas, healthcare, electrical, transport, and aerospace industries. For example, they are used for producing seat covers, tyres, and specialty rubber in the transport industry. On the other hand, in the consumer goods, electronics, and healthcare industries, they are used as additives, on account of their beneficial traits. Additionally, these elastomers also have several applications in the construction industry. Furthermore, many manufacturing companies are launching campaign programs and advertisements for promoting the use of high temperature elastomers, thereby fueling the expansion of the high temperature elastomers market.

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The use of high temperature elastomers is growing rapidly in the aerospace, automotive, and transportation industries, on account of the fact that these elastomers can withstand extreme temperatures and have good solvent and chemical resistance. Moreover, these elastomers are being increasingly used for manufacturing under-the-hood components and various automotive machinery parts. Geographically, the sales of these elastomers are predicted to rise at the highest rate in the Asia-Pacific (APAC) region in the forthcoming years. 

This is ascribed to the existence of several end use industries and many electrical and electronics manufacturing firms, increasing construction activities, and rapid economic progress of the regional countries. In addition to this, the expanding industrial base in India and China, due to their economic growth, is also driving the demand for these elastomers in the region. KCC Corporation, Dow Corning Corporation, Wacker Chemie AG, Solvay S.A., 3M Company, and Momentive Performance Materials Inc., are some of the major high temperature elastomer producing companies across the world. 

Hence, the expansion of the automotive industry and surging construction activities will drive the sales of high temperature elastomers all over the world in the upcoming years.

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How Is Blockchain Technology Helping Automotive Industry?

Blockchain technology refers to a decentralized database that stores data in blocks that are chained together. The newly generated data is stored in a fresh block. After a block is filled with data, it is linked to the previous block, thereby enabling the storage of data in a chronological order. Since decentralized blockchains are immutable, data entered in blocks are reversible and cannot be accessed through unfair means, as it is extremely difficult to go back and alter the contents unless a consensus is attained among the majority. 

Automotive Blockchain Market

Owing to the high security offered by the blockchain technology, it is being increasingly adopted by the automobile industry, as huge volumes of data are produced in this sector. Moreover, the real-time monitoring, scalability of information, and auditability offered by this technology will also strengthen the automotive blockchain market in the coming years. In recent years, the blockchain technology has become an integral part of the information technology (IT) domain of the automobile sector. This technology is being used in mobility solutions, internet of things (IoT), connected cars, retailing and leasing, supply chain logistics, and autonomous driving applications.

At present, companies operating in the automotive blockchain market, such as Microsoft Corporation, BigchainDB GmbH, Productive Edge LLC, XAIN AG, IBM Corporation, ShiftMobility Inc., Oaken Innovations, Ripple Labs Inc., Tech Mahindra Ltd., Mesosphere Inc., Project Provenance Ltd., Factom Inc., Helbiz Mobility System PTE Ltd., Ethereum, Context Labs BV, carVertical, ConsenSys, and Accenture PLC, are offering advanced solutions to automakers to meet the rising customer demand. Moreover, the evolving operating models in various automotive functional areas and increased use of data for improving mobility and logistics services will augment the incorporation of blockchain solutions in the automotive sector.  

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Thus, the generation of huge volumes of data and rising need for scalability of information, real-time monitoring, and auditability in the automobile sector will augment the use of blockchain solutions in the foreseeable future.

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Wet Age-Related Macular Degeneration Market Projected to Have a Stable Growth for the Next Few Years

The growing prevalence of age-related macular degeneration (AMD), lack of specific treatment availability, and increase in geriatric population are driving the growth of the wet age-related macular degeneration market. The market is projected to generate revenue worth $10.4 billion in 2024, witnessing a CAGR of 7.1% during the forecast period (2019–2024).  AMD is a disease in which blurred vision or blindness occurs due to damage to the retina macula. Wet AMD is a type of AMD characterized by the growth of abnormal blood vessels under the retina and macula.

Based on the age group, the wet age-related macular degeneration market is categorized into drugs that are given to people aged 40–59 years, 60–80 years, and above 80 years. Out of these, in 2018, wet AMD drugs prescribed to people above 80 years of age contributed nearly 60.0% revenue to the market. Due to growing prevalence of the disease in the geriatric population, the market is expected to witness significant progress in the forecast period.   

Japan, Germany, Italy, and Portugal are among the nations with the largest population of elderly in the world. As older people are more prone to degenerative disorders, the increasing geriatric population in these countries is anticipated to contribute to the rising demand for drugs for wet AMD treatment, thus driving the wet age-related macular degeneration market during the forecast period.

Therefore, the surging geriatric population across the world is pushing the demand for drugs for treating wet AMD, resulting in the growth of the market.

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What are Reasons behind Growth of Hysteroscope Market?

 Due to their minimal invasive nature, the popularity of hysteroscopes is rising rapidly across the world. Moreover, the minimally invasive procedures conducted with the help of hysteroscopes are increasingly being preferred by people over the traditionally performed procedures. This is because no incisions are made during the minimally invasive procedures, unlike the conventional ones. Hysteroscopes are inserted into the vaginal cavity through the cervix and are then slowly put into the uterus for effectively diagnosing and treating the disease.

Additionally, the reduced time period of hospitalization and the low blood loss associated with hysteroscopy are further boosting its popularity across the world. Furthermore, hysteroscopy causes significantly lesser post operational discomfort than the conventional surgeries. This means that after hysteroscopy, patients can go back to their normal routines and resume their daily activities in a shorter period of time than after traditional surgeries. The other important factor positively impacting the sales of hysteroscopes is the surging female geriatric population.

Hence, it can be said with full surety that the demand for hysteroscopes will shoot-up across the world in the coming years, mainly because of the rising incidence of uterine-related diseases and infertility among women and the soaring population of geriatric women in various countries. 

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Surging Processed Food Consumption Fueling Antioxidant Demand

The increasing consumption of processed foods is driving the demand for antioxidants. As processed food items are high in carbohydrates, saturated fats, free sugars, sodium, and total fats and low in various essential nutrients such as vitamins, potassium, proteins, and fiber, their increasing consumption is responsible for several health problems such as low and high blood pressure. The rising prevalence of such health problems is fueling the demand for natural antioxidants, as these compounds protect the cells from the harmful effects of free radicals, which are present in processed foods.

Antioxidants Market Research Report

Vitamin C, vitamin A, vitamin E, carotenoids, and polyphenols are the most commonly consumed natural oxidants. On the other hand, butylated hydroxytoluene (BHT), tert-butylhydroquinone (THBQ), Propyl Gallate (PG), and butylated hydroxyanisole (BHA) are the most widely consumed types of synthetic antioxidants. Between the two types of antioxidants, the demand for natural antioxidants is predicted to be higher in the forthcoming years. This will be because of the several anti-ageing benefits of these products and the rising public awareness about healthy eating habits. 

Additionally, the increasing urbanization rate, soaring disposable income of people, and escalating working hours are also pushing up the demand for processed and fast foods, thereby powering the growth of the global antioxidants market. Antioxidants are basically substances that can mitigate the damage caused to other items because of oxidation. Food and beverage, cosmetics, feed additives, and pharmaceutical industries are the major application areas of antioxidants. Out of these, the use of antioxidants is predicted to be the highest in the food and beverages industry in the upcoming years.

Across the globe, the sales of antioxidants will surge sharply in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. 

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Hence, it can be safely said that the demand for antioxidants will boom in the upcoming years, primarily because of the increasing consumption of processed foods across the world. 

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Increasing Vehicle Safety Awareness Driving Demand for Automotive Simulation Software

Automotive simulation is the usage of simulation software for model testing and prototyping of an automobile to ensure the complete functionality of the vehicle. In recent years, automakers have been increasingly using this software for vehicle testing because they are working on several models based on varying parameters, which need model testing before they are validated and finalized. In the coming years, advanced simulation software and related technologies will be largely used for autonomous cars, smart driving truck platooning, and fleet management. 

Automotive Simulation Market Research Report

The surging integration of simulation features in vehicles can be credited to the growing awareness about vehicle and passenger safety. Owing to this reason, the automotive simulation market will register considerable growth during 2020–2030. At present, simulation software developers and automotive original equipment manufacturers (OEMs) are actively focusing on research and development (R&D) activities to introduce advanced systems. To offer advanced solutions, OEMs are increasingly using the internet of things (IoT) technology in their safety systems.

Between the automotive simulation software and service, the demand for the latter is predicted to surge sharply in the upcoming years. This will be a result of the fact that many automakers all over the world are increasingly adopting consulting and design services in order to cater to the burgeoning requirement for process enhancement and product designs. This is subsequently fueling the advancement of the automotive simulation market across the world. 

According to P&S Intelligence, the Asia-Pacific (APAC) region will adopt this software at a rapid pace over the next few years. This is owed to the rapid industrial developments and booming automobile production and sales in regional countries, such as India, Japan, and China. Moreover, the integration of advanced parking assistance systems, telematics, and ley-less entry systems by automakers in their vehicles will also amplify the usage of such software in the APAC countries. 

Thus, the surging awareness about vehicle and passenger safety and mounting sales of conventional vehicles and EVs will create a huge requirement for automotive simulation software and services in the foreseeable future.  

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How Is Food and Beverage Sector Growth Fueling Industrial Lubricants Use?

The increasing industrial output in the emerging economies, such as India, Indonesia, China, Brazil, and Russia, has boosted the consumption of industrial lubricants such as process oil, engine oil, general oil, and metalworking fluid. In recent years, the production capacity of the consumer appliance, mining, metal forming, plastics industries of these nations has increased to a significant extent. The surging industrial output can be primarily owed to the advent of Industrial 4.0 and rapid urbanization in developing countries.

Besides, the flourishing food and beverage sector, on account of the changing lifestyle of the people and burgeoning population in Latin America (LATAM) and Asia-Pacific (APAC), will drive the industrial lubricants market at a CAGR of 4.3% during the forecast period. The market is expected to grow from $48,860.7 million in 2016 to $68,412.0 million by 2024. This industry is transforming due to the advent of multinationals, the emergence of commodity branding, and the low cost of technology. This industry uses industrial lubricants in slides, labelers, conveyors, bottle washers, blenders, sifters, knives, mixers, packaging machinery, slicers, and wrappers.

According to P&S Intelligence, APAC accounted for the largest share in the industrial lubricants market, in 2016, and it is projected to continue this trend in the forecast years as well. This can be ascribed to the rapid industrialization in China and India and the emerging economies of Southeast Asia. Moreover, the advancements in industrial machinery in such countries also support market growth in the region. Besides, the increasing investments in the construction of utilities, industrial hubs, and other civic infrastructure facilities in APAC is expected to drive the demand for industrial lubricants in the foreseeable future.

Thus, the expanding capacity of industrial units, flourishing food and beverage sector, and strengthening wind turbine industry will boost the requirement for industrial lubricants in the foreseeable future. 

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Ventilator Market to Grow due to Rising Preference for Home Healthcare Solutions

The prevalence of diseases all across the globe is rising rapidly, and the latest example is COVID-19, which is now a pandemic and is affecting millions worldwide. The outbreak of coronavirus started in Wuhan, China, and the infection has now spread to almost every part of the world. The prime concerning factor regarding this disease is that as of now, no vaccine has been developed for curing it. The virus affects people of all ages; however, it has severe and fatal consequences for aged people and those having underlying health conditions. While the number of people who are getting cured is high, the number of fatalities is also increasing day-by-day.

Attributed to this, the demand for ventilators, at the present time is extremely high all over the world. A ventilator, sometimes referred to as breathing machine or life support, helps a person breathe, if they are unable to do so on their own. A tube is inserted into their windpipe, either through the mouth or through a hole in their throat, which is connected to a machine that pumps air into the lungs. The ventilator market is predicted to advance at a rapid pace in the next few months, as COVID-19 is primarily a respiratory infection.

In the coming years, North America is projected to emerge as the largest ventilator market, because of the increase in the prevalence of respiratory diseases and growing healthcare expenditure in the region. The governments in the region are investing heavily for the improvement of medical facilities, as the number of patients, currently those infected by coronavirus, is rising. In addition to this, the growing geriatric population, rising prevalence of tobacco smoking, and increasing burden of chronic diseases in the region are also predicted to result in the rising need for ventilators.

In conclusion, the demand for ventilators is being driven by the COVID-19 epidemic and rising preference for home healthcare solutions.

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Why will Demand for Aerospace Composites Boom in North America in Future?

The extensive usage of carbon fiber composites in aircraft manufacturing is pushing up the demand for aerospace composites across the world. Aircraft manufacturing companies are focusing heavily on high-performance and lightweight structural materials for reducing their operational costs and improving the fuel economy of their aircrafts. Due to the various beneficial traits of carbon fiber composites such as high stiffness and tensile strength and low weight, they are increasingly being used in the aerospace industry.

Another major factor driving the worldwide demand for aerospace composites is the ballooning usage of composites in the military aviation sector. These factors are subsequently propelling the growth of the global market for aerospace composites. Aramid fiber, carbon fiber, and glass fiber are the most widely used types of aerospace composites across the world. Out of these, the demand for carbon fiber was found to be the highest during the last few years. 

Moreover, the sales of these materials are also expected to rise rapidly in the coming years. This is credited to their extensive usage in the aerospace industry, on account of their various properties such as low thermal expansion and high chemical resistance. Aerospace composites are used in civil helicopters, commercial aircrafts, business and general aircrafts, and military aircrafts. Out of these, the usage of aerospace composites was the highest in commercial aircrafts in the past years.

Geographically, the sales of aerospace composites will boom in Europe and North America in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is ascribed to the existence of several well-established industry players and original equipment manufacturers (OEMs) in the regions and their growing focus on reducing the overall aircraft weight. Besides, the demand for these products will also shoot up in Latin America and Asia-Pacific in the coming years.

Hence, it can be safely said that the demand for aerospace composites will surge in the upcoming years, primarily because of their growing requirement in aircraft manufacturing and military aviation applications across the world. 

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Huge Growth Expected in Medical Device Outsourcing Market in Future

The healthcare industry is witnessing rapid growth because of the surging prevalence of diseases all across the world. The medical industry does not only deal with drugs and therapy, but medical devices are an important part of it. Attributed to this, the medical devices industry is registering swift growth as well. In 2018, the global medical devices market attained a value of $425.5 billion and is predicted to reach $612.7 billion by 2025, registering a 5.4% CAGR during 2018–2025. Medical devices are used widely across different medical settings for both therapeutic and diagnostic purposes. 

However, the cost of most of the medical devices is quite high, which makes it difficult for hospitals at times to provide important services to the patients. Because of this reason, medical settings are increasingly outsourcing medical devices. The concept of outsourcing is not a new one, and now the medical device industry is taking advantages of its benefits as well. With the continuous technological advancements going on in the medical industry, medical settings need to keep up with making sure that their patients are being offered the best and latest technology. According to P&S Intelligence, in 2016, the global medical device outsourcing market generated a revenue of $44.9 billion and is expected to attain $84.9 billion, witnessing a 9.7% CAGR during 2017–2023.

Geographically, the largest demand for medical device outsourcing was created by North America in the past, owing to the presence of a large number of medical device manufacturers and easy availability of high-end medical devices in the region. Apart from this, because of the rising availability of low-cost labor and comparatively cheap infrastructure than other developed nations, the demand for medical device outsourcing is expected to increase significantly in the Asia-Pacific region in the coming years. 

In conclusion, the need for medical devices outsourcing is growing due to the rising cost of medical devices.   

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Needle-Free Injection Systems an Insight On the Important Factors and Trends Influencing the Market

The surging awareness on the safety issues with needles, growing aging population, and massive demand for needle-free treatment devices are driving the growth of the needle-free diabetes management market. In 2016, the market attained a size of $3,830.6 million, and it is predicted to generate revenue of more than $16,800.0 million by 2025. Needle-free diabetes management is a technique of monitoring, diagnosing, and treating a diabetic patient without the use of needles. Such devices are adopted for monitoring the blood glucose level and injecting insulin into diabetic patients. 

On the basis of region, the needle-free diabetes management market is classified into Asia-Pacific, Europe, North America, and Rest of the World. Among these, during 2014–2016 (historical period), North America led the market in terms of revenue, and it is projected to continue leading it during 2017–2025, owing to the high prevalence of diabetes, technological advancements, and positive government regulations. In North America, due to the surging geriatric population and prevalence of obesity, diabetes has become one of the major public health issues.

Furthermore, needle stick injuries during insulin administration can lead to blood-borne pathogen transmission, which can further cause fear, anxiety, and emotional distress in patients and healthcare workers. With the use of needle-free diabetes management, the risk of needle stick injuries can be eliminated. According to the World Health Organization, each year contaminated injections cause around 1.3 million early deaths. As needle-free diabetes management helps in reducing the number of deaths, it is highly preferred by patients as well as healthcare providers, thereby leading to the needle-free diabetes management market growth.

Hence, the surging aging population and safety associated with needle-free diabetes management are projected to contribute to the progress of the market during the forecast period.

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MVNO Market To Generate $139,663.0 Million Revenue in 2031

 The rising penetration of mobile devices, burgeoning demand for low-cost mobile services, mounting need for high-speed internet connectivity, and soaring demand for improved video, voice, and mobile internet will propel the mobile virtual network operator (MVNO) market at a CAGR of 7.1% during the forecast period (2021–2031). The market was valued at $66,582.0 million in 2020 and it is expected to reach $139,663.0 million revenue by 2031.

Additionally, the rapid growth of triple-play services in developing nations also contributes to the market growth, worldwide. One of the major growth drivers of the market is the increasing focus of MVNOs on segment-targeted pricing and innovative distribution strategies. As these operators cater to a wide range of customers, their success is largely determined by value proposition for their target customers, such as migrant workers, tourists, and certain ethnic groups and unique brand positioning.

MNVOs identify potential customers with efficient pricing strategies to expand their customer base and augment their revenue. Moreover, the rapid growth of triple-play services will also supplement the MNVO market growth in the forecast period. These services are a combination of television, broadband internet access, and latency-sensitive telephone services. At present, this concept is successful in North American countries.

Telecom operators in the U.S. are providing triple-play services to offer better value to their customers and increase their customer retention rate. It is being forecasted that in the next few years, these services would be delivered throughout the world through the internet. Thus, the extensive emphasis on offering segment-targeted pricing and advanced distribution strategies and swift development of triple-play services will strengthen the market in the foreseeable future.

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What Are Control Valves and Why Do Factories Need Them?

Almost every factory has an extensive network of pipes, hoses, vats, silos, storage tanks, liquid inlets and outlets, pumps, and nozzles for some or the other purpose. From food and beverage and chemical, which would seem two of the obvious sectors when thinking of such infrastructure, to automotive and power generation, every industry needs these components and systems. As a result, the demand for control valves, to regulate the amount of liquid flowing through a system or subsystem, has always been high. Control valves are also widely, and, perhaps, more familiarly, found in non-industrial settings; the water tap seen in houses and gardens being the simplest example.

Thus, considering the burgeoning population and industrial output, P&S Intelligence expects the control valves market revenue to increase from $11,137.0 million in 2017 to $16,057.5 million by 2023, at a 6.3% CAGR during the forecast period. What most people don’t know is the technicalities of such seemingly simple devices, such as their various types, which include ball, cryogenic, butterfly, globe, plug, diaphragm, and gate. These terms denote the actual technology, or the actual component, that the valves use to control the flow.

During the historical period (2013–2017), the control valves market was dominated by Asia-Pacific (APAC) owing to the region’s high manufacturing output. The region accounts for the highest automotive, consumer electronics, chemicals, and food and beverage production in the world, which leads to a high integration rate of various types of control valves. For instance, in the automotive sector, they are used for painting, tire inflation, high-pressure water jet cutting, and oxy–acetylene welding and even in the vehicles themselves, such as in fuel, engine oil, and coolant pumps and supply lines.

Similarly, APAC also requires a lot of electricity, which is why it is home to a huge number of power plants, which are another important application area of control valves. For instance, such components are absolutely vital at hydroelectricity plants, as the pressure of the water needs to be substantially high to be able to turn the turbine. Similarly, even in thermal power plants, valves are used to let water in and out; here, the turbines are spun by high-pressure steam.

Hence, with the growing population and industrial production, the demand for control valves will keep booming.

 Source: https://www.psmarketresearch.com/market-analysis/control-valves-market

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Demand for Artificial Turf Booming Globally

Artificial turf refers to the surface of synthetic fibers that are made to look like natural grass. In recent years, such surfaces have been replacing natural grass, due to their various advantages, such as high durability, less wear and tear, and low maintenance requirements. Besides, the usage of artificial turf also helps in reducing the consumption of water and other hazardous fertilizers and pesticides. Owing to the benefits associated with these surfaces, their usage has significantly surged in commercial facilities and residential lawns, apart from the sports arenas.

The artificial turf market has been witnessing a substantial surge due to the expansion of the construction industry. These surfaces are rapidly replacing natural grass in stadiums, sports fields, residential houses, and commercial gardens. For instance, the construction of eight new stadiums in Qatar, on account of the upcoming 2022 FIFA World Cup, will require a high amount of artificial turf. As these artificial surfaces do not require water, they are viable for use in water-scarce regions such as the Middle East.

Artificial Turf Market

With the upcoming sports events such as FIFA 2022 and 2020 Summer Olympics and expanding construction industry, on account of rapid urbanization, companies such as CCGrass, SIS Pitches, ForestGrass, TenCate Grass, Limonta Sport S.p.A., and Victoria PLC are producing artificial turf in huge quantity. Moreover, the rapid infrastructure development in emerging economies such as India and China  like the building of smart cities, will augment the sales of artificial grass in the foreseeable future. Additionally, the increasing focus of oil-based economies, such as Saudi Arabia and Qatar, on the tourism and hospitality sectors will amplify the usage of artificial turf for landscaping purposes.

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According to P&S Intelligence, Europe generates a notable demand in the artificial turf market, due to the fast-paced replacement of grass surfaced sports arenas with artificial turf, owing to its environment-friendly characteristics and superior quality. As the region is extensively involved in golf, tennis, hockey, and football, Europe adopts a large volume of artificial turf. As Europe is home to large stadiums such as Camp Nou, Wembley, Croke Park, Twickenham, and Westfalenstadion, it requires artificial grass in high quantity.

Thus, the upcoming sports events and increasing construction activities will augment the need for artificial turf in the coming years.

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Increasing Demand for Low-Latency Internet Driving 5G Infrastructure Market Growth

The global 5G infrastructure market revenue stood at $1.5 billion in 2020, and it is predicted to increase significantly during 2021–2030 (forecast period). The market is being driven by the growing adoption of technologies that require fast internet connection, such as artificial intelligence (AI), burgeoning requirement for low-latency internet, increasing adoption of virtual networking architecture in the telecommunications sector, and surging number of mobile data users across the world.

Furthermore, the adoption of machine-to-machine (M2M) connections in several industries is driving the installation of 5G network across the world. Additionally, the growing adoption of internet of things (IoT) applications, on account of the mushrooming popularity of augmented and virtual reality and remote and AI-controlled systems, is also fueling the growth of the 5G infrastructure market.

IoT involves the sharing of data between several machine parts over a wireless network. The data is basically collected from sensors or an input source and then used for sending the output. 5G network assists in this process and improves the reliability of the IoT devices by transmitting the data with reduced latency. Apart from the above-mentioned factor, the ballooning adoption of 5G-enabled devices is also fueling the expansion of the 5G infrastructure market.

5G network has been developed for matching the surge in data storage and catering to the robust connectivity requirements. Moreover, with the growing sales of 5G subscriptions, on account of the increasing use of 5G-enabled devices and several other devices, the demand for 5G infrastructure is rising sharply around the world.

According to the Mobile Economy 2020 published by the Global System for Mobile Communications Association (GSMA), 5G will account for 20% of all connections across the world by 2025. Furthermore, the report estimates that 5G deployment will rise rapidly in Europe, North America, and Asia in the coming years.

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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Pulse Oximter Market to Generate $3,177.7 Million Revenue by 2024

Every year, an increasing number of people are suffering from diabetes, cancer, cardiovascular diseases, and chronic obstructive pulmonary disease (COPD). These chronic conditions as well as a lot many other diseases and disorders require medical intervention at some point in time. Therefore, with the increasing hospitalization rate and rising demand for healthcare, more and more medical centers are being constructed. This is, in turn, leading the growing procurement of various medical devices and instruments, such as the pulse oximeter.

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Such instruments are of several types, such as table-top, fingertip, wrist-worn, earlobe, hand-held, nose, palm/foot, and forehead. Among these, the popularity of wrist-worn variants is expected to increase the fastest in the near future, as they are more technologically advanced than others and are preferred by the elderly, at homecare settings. This is because these variants are non-invasive, safe, compact, and lightweight; additionally, they perform well on patients in all age groups, which is another reason for their rising sales.

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The sensor in these oximeters can be disposable or reusable, of which oximeters which have reusable sensors account for higher usage. This is attributed to the fact that they can be utilized for continuous as well as short-term O2 stats monitoring. In addition to these advantages, they boast a better and more stable grip in the body part they are affixed to, in comparison to the devices which have disposable sensors.

Geographically, North America witnesses the widest adoption of oximeters, owing to the presence of numerous companies which manufacture these instruments, high healthcare spending, and surging incidence of chronic diseases. In the coming years, the fastest growth in the pulse oximeter market is predicted in Asia-Pacific (APAC), as a result of the increasing geriatric population, which witnesses more frequent hospitalization than younger people. Additionally, the air pollution levels in the region are also high, which contribute in increasing the prevalence of respiratory issues.

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Why Are Net Zero Energy Buildings Being Promoted around the World?

The construction of net zero energy buildings (NZEBs) has surged across the world due to the implementation of energy efficiency plans by several governments. This is also an organizational step to reduce the dependence on conventional energy and ensure the usage of non-conventional energy at a larger scale. For instance, the California Long-Term Energy Efficiency Strategy Plan has been implemented by the California Public Utilities Commission (CPUC) to ensure that all new commercial buildings and residential buildings are NZEBs by 2030 and 2020, respectively.

Apart from local, federal, and central governments, international organizations are also supporting the construction of NZEBs, by setting up emission targets for the construction sector. Such targets have the objective of reducing the dependence on fossil fuels. For instance, the World Green Building Council has publicized plans that can help NZEBs attain 40% fewer embodied carbon emissions by 2030 and reach 100% net zero emissions by 2050. The local and international support will therefore accelerate the net zero energy buildings market at a high 15.6% CAGR during 2019–2024. The market value is expected to grow from $896.6 million in 2018 to $2,106.6 million by 2024.

In recent years, key NZEB technology and component providers like SunPower Corporation, Rockwool Group, Daikin Industries Ltd., Solatube International Inc., Xtratherm Limited, and Kingspan Group plc have started engaging in product launches and acquisitions to gain more customers. For example, Kingspan Group plc. launched three new roofing panels: KingRib 5, KingSeam, and KingRib 3, in April 2019. These panels are cost-effective and energy-efficient and utilize foamed-in-place polyisocyanurate (PIR) foam, which is free of chlorofluorocarbons (CFC) and offers an R-value of 12 for a 1.5-inch panel and an R-value of 49 for a 6-inch panel.

According to P&S Intelligence, North America dominated the market for net zero energy buildings in the past, and it will continue its dominance in the foreseeable future. This can be primarily owed to the strict targets of reducing GHG emissions and curtailing energy consumption in the region. Moreover, North America is expected to register the fastest growth in the construction of NZEBs in the coming years due to the rising penetration of this concept, especially in commercial spaces. NZEBs can decrease pollution during the construction phase of the building and ensure carbon neutrality, which can aid in attaining a net zero carbon status.

Hence, in an attempt to save the environment, local, federal, and state governments, along with international agencies, are increasingly focusing on NZEBs. In essence, the urge to eliminate GHG emissions will fuel the construction of such buildings in the coming years.

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Popularity of Two-Wheeler Logistics Services To Surge in Asia-Pacific in Future

With the rising consumer requirement for faster product delivery, the demand for two-wheeler logistics solutions is growing rapidly across the world. Moreover, customer buying behavior and expectations are changing rapidly, as they are increasingly expecting free and fast shipping along with competitive product prices. As this delivery schedule challenges the traditionally used logistics, businesses are increasingly focusing on adopting faster, more-efficient, and cheaper logistics alternatives, such as two-wheeler logistics solutions.

Two-Wheeler Logistics Market

Additionally, many service providers are focusing on speeding up their delivery processes, which is also boosting the demand for two-wheeler logistics solutions. Besides this, the expansion of the e-commerce industry and the rapid digitization in the logistics industry are also driving the popularity of the two-wheeler logistics solutions across the world. According to the United Nations Conference on Trade and Development (UNCTAD), the revenue generated from global e-commerce sales grew by 8% from 2017 and reached $25.6 trillion in 2018.

Due to the aforementioned factors, the demand for two-wheeler logistics services is rising sharply, which is, in turn, driving the growth of the global two-wheeler logistics market. Grocery delivery, food delivery, parcel delivery, and e-commerce delivery are the major services provided by two-wheeler logistics solutions. Out of these, the adoption of these solutions is predicted to rise at the fastest pace in e-commerce delivery applications across the world in the coming years. 

One of the major trends currently being witnessed in the two-wheeler logistics market is the emergence of several two-wheeler logistics solutions providing start-ups, on account of the surging investments being made by various venture capitalists in the region. For example, Mara Labs Inc. (Locus) announced in May 2019 that it has received an investment of $22 million, during its Series B funding round, from Tiger Global Management LLC and Falcon Edge Capital LP.

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Hence, it can be safely said that the demand for two-wheeler logistics solutions will shoot up in the forthcoming years, primarily because of soaring consumer demand for faster product delivery and the expansion of the e-commerce industry across the world. 

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What are Key Factors Driving the Growth of Osseointegration Implants Market?

The osseointegration implants market is being positively influenced by the increasing volume of dental implant surgeries and trauma incidents, rising prevalence of spinal cord injuries (SCIs), growing funds for research, and improved reimbursement support for surgeries. It generated a revenue of $9.9 billion in 2017 and is expected to advance at a 4.0% CAGR during the forecast period (2018–2023). Osseointegration implants are used for the treatment of hearing loss, tooth loss, and amputees. Osteoblasts and supporting tissue migrate to the pore in which the implant is placed.

Rise in new product launches in the osseointegration implants market is another trend. Companies are unveiling new and innovative products to increase their portfolio and geographical presence. For instance, the OKTAGON implant system developed by DRS International GmbH was launched by Henry Schein Inc. in September 2017 with exclusive distribution rights in the U.K. Similarly, OPRA Implant System Platform G was launched by Integrum AB in January 2017. It is used for transfemoral patients to simplify surgical procedures and improve the mechanical performance of the system.

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The largest contributor to the osseointegration implants market in 2017 in the region segment was North America. A United Nations publication, “An Aging World 2017”, mentioned that the aged population (60 years and above) in the region is expected to grow to 28.0% of total by 2050 from 22.0% in 2017. Hence, it is clear that the North American market is being driven by the increasing aged population, along with the rising volume of amputations and surging prevalence of spinal disorders.

Therefore, the market for osseointegration implants is slated to advance in the forecast period, as the incidence of SCIs and the number of amputations are witnessing an increase.

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Automated Guided Vehicles Market to Register Growth due to Need for Automation in Warehouses

The e-commerce industry is flourishing across the globe, particularly in emerging economies, including Brazil, China, and India. With the advent of online shopping platforms and hassle-free home delivery, people can now easily choose from a wide variety of things. Moreover, the disposable income of people in developed and developing countries is increasing as well, which is why they are able to spend more on different items. As the industry is witnessing growth, the need for increasing productivity and efficiency in warehouses is rising swiftly as well. Attributed to this, different companies in the e-commerce industry are increasingly making use of automated guided vehicles. 

Automated Guided Vehicles Market

Also known as self-guided vehicles, automated guided vehicles are load carriers or material handling systems which travel throughout distribution centers, warehouses, or manufacturing facilities autonomously, i.e., without a driver or operator. For example, Amazon Inc. makes use of robots called drives for delivering large stacks of products to the human workforce. The robots follow a set path in the warehouse and have the ability to detect obstacles in their path. Owing to such attributes, the global automated guided vehicles market is expected to progress at a significant pace in the years to come. 

Forklift trucks, tow vehicles, assembly line vehicles, unit load carriers, and pallet trucks are the different types of automated guided vehicles, out of which, the demand for tow vehicles was the highest in the past. This is because of the rising replacement and adoption of traditional tow vehicles in different industries. Take for example Tesla Inc., a major automaker, which has deployed these vehicles in its Gigafactory. The machine makes use of navigational beacons for making its way through the production facility. 

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Geographically, North America emerged as the largest automated guided vehicles market in the past, which can be ascribed to the rapid integration of emerging technologies, such as internet of things, augmented reality, and virtual reality, in production and inventory management processes and increasing warehouse automation rate in the region. Apart from this, the demand for these vehicles is also expected to increase in the Asia-Pacific region, owing to the expanding e-commerce industry, automotive, and consumer electronics industries. Furthermore, the growing logistics industry in the region is also driving the demand for automated guided vehicles.

Hence, the demand for automated guided vehicles is predicted to increase due to the growth of the e-commerce industry and need for automation in warehouses.  

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Expanding E-Commerce Sector in India Creating Demand for Retail Logistics Services

The expansion of the e-commerce sector in India, owing to the rising urbanization rate, surging disposable income, and changing consumption patterns of customers, is creating a huge requirement for retail logistics solutions. Besides, the vast customer base of India, escalating internet penetration, and large-scale adoption of smartphones are also strengthening the e-commerce industry. Moreover, the increasing demand from customers for prompt delivery of essential goods at their doorsteps is leading to the launch of efficient logistics services.

India Retail Logistics Market Research Report

Apart from this, the rising adoption of digital freight brokerage in logistics services will boost the Indian retail logistics market growth during 2020–2030. Digital freight brokerage services allow on-demand delivery of goods and ensure the real-time tracking of the transported goods, which offers higher security and reduces the risk of loss in transit. Logistics firms opt for these services during periods of high demand, but not on a contractual basis. This allows companies to optimize their logistics operations, thereby making such services a cost-effective alternative.

At present, retail logistics services are mostly available in the tier-1 cities of India, including Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore. This is due to the presence of a large customer base in these cities and the high purchasing power of the customers here. According to the 2011 census, the population of the National Capital Territory (NCT) of Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore was 16.7 million, 18.4 million, 14.1 million, 7.7 million, 8.6 million, and 8.5 million, respectively.

Companies involved in the development of advanced logistics solutions for retail freight include First Flight Couriers Ltd., Gati Ltd., Blue Dart Express Ltd., FedEx Corp., Transport Corporation of India Ltd., DHL International GmbH, and All Cargo Logistics Ltd. These players in the Indian retail logistics market offer online and offline services. Of the two, online services will be adopted at the higher rate in the coming years. This will be due to the flourishing e-commerce industry, increasing internet penetration, and escalating use of smartphones in the country.

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Thus, the bolstering e-commerce industry and burgeoning demand for digital freight brokerage services will lead to the adoption of retail logistics solutions in India.

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