Why will Asia-Pacific Two-Wheeler Logistics Market Boom in Coming Years?

The global two-wheeler logistics market revenue stood at $57,260.0 million in 2020, and it is predicted to rise to $355,631.2 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 20.0% from 2020 to 2030 (forecast period). The major factors driving the expansion of the market are the cost-effectiveness and convenience of these services, surging e-commerce industry, and incorporation of the real-time tracking technology. 

In 2020, e-commerce sales accounted for nearly 16% of all retail sales across the world, registering an increment of around 19% from 2019. Further, this share is predicted to rise to 18% by 2021. The e-commerce industry is being propelled by the convenience of online shopping and home delivery and availability of products at great discounts on online platforms. For example, the U.S. Department of Commerce revealed that the total customer expenditure on online shopping stood at $514 billion in 2018, which was 14.2% higher than the one recorded in the previous year. 

Geographically, the Asia-Pacific (APAC) region held the largest share in the two-wheeler logistics market in 2020, and it is predicted to be the fastest-growing region throughout the forecast period as well. This is credited to the growing focus of the logistics companies operating in the region on efficient order management through a platform which will help them arrange drivers for deliveries and pickups. Furthermore, the APAC region is witnessing a digital revolution, with some very innovative and advanced technologiles penetrating important operations and business processes there. 

The players operating in the industry are focusing on collaborations and partnerships to gain a competitive edge. For example, DoorDash Inc. entered into a partnership with PetSmart LLC in June 2021 to enable on-demand delivery of various pet supplies and accessories from over 1,500 PetSmart locations in Puerto Rico, the U.S., and Canada. Likewise, Instacart and The Container Store, a specialty retailer of storage products, initiated a national partnership in May 2021 to offer same-day delivery under an hour to customers from all 93 locations of The Container Store. 

Hence, the market will continue growing in the future owing to the rising requirement for better and faster logistics, on account of the booming e-commerce sales all over the world. 

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Cover Corona Outbreak Impact: Nuclear Imaging Equipment Market is expected to Boom in Coming Years

The global nuclear imaging equipment market is predicted to demonstrate rapid advancement in the coming years. Nuclear imaging procedures are painless and non-invasive medical tests that help healthcare practitioners diagnose the medical conditions of patients. Nuclear imaging involves the use of radioisotopes that are directly administered into the bloodstream, inhaled, or swallowed for providing images of how the organs and tissues function. Radioisotopes emit radiations that are used for diagnosing cancer and evaluating organ disorders.

Access Report Summary - Nuclear Imaging Equipment Market Segmentation Analysis

The rising incidence of cancer and the surging population of geriatric people are the major factors propelling the advancement of the nuclear imaging equipment market across the globe. As per the International Agency for Research on Cancer (IARC), which is a specialized cancer agency of the World Health Organization (WHO), nearly 12.7 million new patients were diagnosed with cancer all over the world in 2008 and this number will rise to 21.4 million by 2030. 

Furthermore, in 2012, 8.2 million people lost their lives around the world because of cancer. Out of these deaths, lung cancer was responsible for the deaths of 1.6 million people, while, live cancer claimed the lives of 745,000 people. Moreover, as many as 400,000 people lost their lives because of esophageal cancer in 2012. The rapidly surging pool of people undergoing cancer screening and cancer diagnostic tests is positively impacting the demand for nuclear imaging equipment across the world. 

Furthermore, the share of geriatric people in the global population will reach 21.1% by the end of 2050. When application is taken into consideration, the nuclear imaging equipment market is categorized into cardiology, oncology, and neurology. Amongst these, the oncology category recorded the highest growth in the market in the past, as per the observations of the market research company, P&S Intelligence. The market is also divided, depending on end user, into research institutes, hospitals, and diagnostic centers. 

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Automakers Using Camera Modules in Autonomous Vehicles To Increase Safety

The Global New Car Assessment Programme (Global NACP) launched by the Towards Zero Foundation aims to create a world that is free from road fatalities and serious injuries. This programme supports the democratization of vehicle safety by encouraging the adoption of advanced automotive designs and technologies across the world. Additionally, NACP also aspires to promote the deployment of vehicle safety technologies with proven effectiveness by increasing public awareness regarding such features and supporting their mandatory application. To comply with the safety standards of this programme, automakers are increasingly integrating automotive camera modules in their offerings.

Additionally, the accelerating demand for autonomous and luxury vehicles will also contribute to the progress of the automotive camera module market during 2020–2030. According to the Autonomous Vehicle Implementation Predictions: Implications for Transport Planning, published by the Victoria Transportation Policy Institute, autonomous vehicles will be reliable and safe by 2025 and maybe commercially available in several parts of the world by 2030. As per this report, at least half of the new vehicles will be autonomous by 2045. 

Automotive camera modules offered by Hyundai Mobis Co. Ltd., Magna International Inc., STONKAM Co. Ltd., OmniVision Technologies Inc., DENSO Corporation, Autoliv Inc., Robert Bosch GmbH, Clarion Co. Ltd., and Valeo SA are used for lane departure warning (LDW), autonomous emergency braking (AEB), adaptive cruise control (ACC), blind spot detection (BSD), and park assist (PA) applications in vehicles. Camera modules being manufactured by these companies are based on digital, infrared, and thermal technologies. In the coming years, thermal cameras will be integrated at the highest rate, due to their surging use in night vision systems. 

According to P&S Intelligence, North America will dominate the automotive camera module market in the forthcoming years, due to the booming demand for luxury vehicles and increasing installation of ADAS in passenger cars and commercial vehicles in the region. Whereas, the European region is expected to emerge as the second-largest consumer of automotive camera modules in the upcoming years. This will be due to the surging implementation of government regulations that encourage the installation of safety features and ADAS in automobiles, primarily in passenger cars.

Thus, the soaring prevalence of road accidents and burgeoning demand for autonomous and luxury vehicles will propel the usage of automotive camera modules in the coming years.

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Growing Demand for Greater Vehicle Safety Driving Sales of Autonomous Cars in North America

With the surging demand for safe and efficient driving options and advancements in electric and connected car technologies, the demand for autonomous cars is growing rapidly in North America. Moreover, the federal and the state governments in the region are enacting policies for promoting the adoption of these cars. Every year, the region is witnessing the enactment of a large number of legislations regarding autonomous vehicles. For instance, in the U.S., 15 states enacted as many as 18 autonomous vehicle related legislations, while 29 states passed autonomous vehicle related policies in 2018.

Besides the aforementioned factors, the mushrooming popularity of connected cars is also fueling the demand for autonomous cars in the region. These cars are equipped with advanced systems and features such as traffic and collision warnings, real-time traffic monitoring, road side assistance, and smartphone connectivity with vehicle. As connected cars must be equipped with V2I and V2V connectivity, which is extremely necessary for vehicle autonomy, the adoption of autonomous technology is easier in these cars than in conventional cars. 

Due to the above-mentioned factors, the demand for autonomous cars is soaring in North America, as a result of which, the revenue of the North American autonomous car market is expected to rise to $52.3 billion by 2030. Furthermore, the market will advance at a CAGR of 17.1% from 2023 to 2030, as per the estimates of the market research company, P&S Intelligence. When autonomy is taken into consideration, autonomous cars are categorized into fully and semi-autonomous cars.

In North America, the popularity of autonomous cars was found to be higher in the U.S. in the past years. This was because of the inclination of customers for more-advanced cars (level 2 autonomy) in the country. In addition to this, the country is home to a large number of original equipment manufacturers (OEMs), who are rapidly manufacturing new models equipped with advanced automation systems and features, which is also boosting the demand for autonomous cars. 

Thus, due to the soaring popularity of connected cars, surging requirement for greater vehicle safety, and the increasing implementation of supportive policies regarding autonomous car deployment by various governments, the sales of autonomous cars will boom in North America in the coming years.

Favorable Government Policies Fueling Deployment of Autonomous Cars in North America

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Why will European Low-Speed Electric Vehicle Market Boom in Coming Years?

The global low-speed electric vehicle market revenue stood at $35.2 billion in 2017, and it is predicted to rise to $68.0 billion by 2025, due to the growing government support being provided toward the deployment of low-speed electric vehicles and the surging concerns being raised over the escalating pollution levels all over the world. According to the forecast of the market research organization, P&S Intelligence, the market will advance at a CAGR of 8.7% from 2018 to 2025 (forecast period). 

The increasing government support being provided, in the form of grants and subsidies, to encourage the deployment of these vehicles is a major growth driver of the market. The governments of many countries, especially those in the Asia-Pacific (APAC) region, intend to electrify their public transportation fleets in the coming years. To achieve this goal, they are providing financial incentives and subsidies on the purchase of these vehicles. Besides, many major players operating in the LSEV market are making huge investments in the manufacturing and development of affordable and improved three-wheelers. 

These investments are being made for increasing the manufacturing capacity via expansion of production plants in order to address the ballooning customer needs. Currently, the cost of an electric three-wheeler, even after being subsidized, is greater than that of a conventionally used oil and gas-powered three-wheeler. Owing to this reason, several market players are taking measures for bringing down the price of electric three-wheelers and making them on par with that of fossil fuel-powered three-wheelers. 

Depending on product, the market is divided into three-wheeler, four-wheeler, and two-wheeler categories. Out of these, the two-wheeler category contributed the highest revenue to the market in the past and it is predicted to be the fastest-growing category during the forecast period as well. This will be because of the soaring deployment of LSEVs in shared and personal mobility services. Geographically, the APAC region dominated the LSEV market in the years gone by. Whereas, in the coming years, the European region is predicted to be the fastest-growing region in the market. 

Hence, it can be safely said that the sales of LSEVs will surge in the forthcoming years, primarily because of the rising requirement for eco-friendly vehicles and provision of government subsidies all over the world. 

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Surging Population of Geriatric People Fueling Sales of Nutricosmetics

With the rising public consciousness toward looks and appearance and the surging disposable income of people, especially in the Asia-Pacific (APAC) region, on account of the rapid economic progress of regional countries, such as India and China, the sales of nutricosmetics are soaring all over the world. Nutricosmetics are basically oral-based natural health products that contain antioxidants and targeted nutrients which are required for the treatment of nails, hair, and skin. In simpler terms, nutricosmetics are nutritional supplements that support the structure and function of the skin. These products can be ingested easily and assist in improving the condition of nails, hair, skin, face, and body.

The surging population of geriatric people is one of the major factors propelling the sales of these products around the world. According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. As geriatric people are vulnerable to various chronic illnesses and medical conditions, their mushrooming population is propelling the worldwide sales of nutricosmetics. 

These products are sold in the form of functional foods, beauty supplements, or beverages that contain various ingredients and active nutrients, such as proteins, minerals, botanical actives, enzymes, sterol esters, vitamins, and lycopene, which are produced and marketed as beauty aids. The word ‘nutricosmetics’ is derived by combining two words—nutraceuticals and cosmeceuticals. Some of the major micronutrients that serve as nutricosmetic products are omega 3 fatty acids, vitamin C, collagen, coenzymes Q10, glutathione, flavonoids, and carotenes. 

untapped markets that are offering lucrative growth opportunities to nutricosmetic producing companies. Ferrosan A/S, Laboratoires Inneov SNC., Laboratoire Oenobiol S.A.S., Beiersdorf Ag, ISOCELL SA, BASF SE, ExcelVite, Perricone M.D., Martek Biosciences Corporation, Nutrilo GmbH, Denomega Nutritional Oils AS, Quest Vitamins, GlaxoSmithKline Pharmaceuticals Limited, Groupe Danone SA, Frutels LLC, and Functionalab Inc are some of the major players operating in the nutricosmetics market. 

Hence, it can be said with full surety that the demand for nutricosmetics will surge sharply in the coming years, primarily because of the rising requirement for personal care products, growing public consciousness toward looks and appearance, increasing disposable income of people, soaring need for natural nutritional supplements, and mushrooming population of geriatric people all over the world. 

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Rapid Digitization Fueling Low-Code Development Platform Market Growth

The global low-code development platform market revenue stood at $12,500.6 million in 2020 and it is predicted to surge to $190,792.6 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 31.3% from 2020 to 2030 (forecast period). 

The market is being propelled by the burgeoning requirement for business digitization, less reliance on information technology (IT) professionals, enactment of strict government regulations, rising requirement for automation in business operations, and surging adoption of low-code development tools that minimize the issue of ‘shadow IT’.

The rapid digital transformation and digitization of business operations, owing to the growing penetration of the internet, are driving the demand for low-code development platforms. As per the World Economic Forum, many industries, such as manufacturing, retail, and banking, financial services, and insurance (BFSI), allocated nearly $1.7 trillion for digitizing operations in 2020, registering a Y-o-Y increment of 23%. 

This funding is predicted to rise to $2.4 trillion by 2022. With the mushrooming requirement for business applications in various industries, the demand for low-code development platform is soaring. This is because this platform plays a critical role in facilitating the rapid digitization of several business processes, such as accounting, operations, finance, and sales. 

Besides, the rising need for automation of workflows is also propelling the low-code development platform market. Enterprises with the lowest tolerance for data loss and downtime and the greatest requirement for independent security certification and regular audits are rapidly adopting applications developed with the help of low-code development platforms. Additionally, these platforms assist in the development of customizable applications that achieve certain objectives.

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Government Policies Powering Global Sales of Adaptive Cruise Control Systems

The rising prevalence of road accidents is pushing up the demand for adaptive cruise control across the world. Road accidents are one of the major causes of deaths throughout the globe. According to various reports, Africa and Asia-Pacific (APAC) witness the highest and the second-highest number of road accidents in the world, respectively. This makes the incorporation of advanced safety systems and features such as adaptive cruise control extremely necessary in vehicles.

This is because these systems enhance the vehicular safety, which, in turn, reduces the incidence of road accidents. Moreover, these systems enhance the comfort features in automobiles and improve the overall driving experience. One of the biggest growth opportunities for the players operating in the adaptive cruise control market is the rapid integration of electronic systems in vehicles. The adoption of information and communications technology (ICT) and electronics systems is rising rapidly in automobiles. 

Besides the aforementioned factors, the growing deployment of electric vehicles all over the world is also propelling the sales of adaptive cruise control systems. In addition to this, the rising enactment of safety policies and regulations regarding vehicular safety in several countries is massively pushing up the demand for adaptive cruise control systems across the globe. Due to these reasons, the global adaptive cruise control market is registering huge expansion. 

The valuation of the market is predicted to grow from $4.8 billion in 2016 to $15.3 billion by 2023. Furthermore, the market is predicted to advance at a CAGR of 18.3% from 2018 to 2023. Radar, laser, ultrasonic, and Lidar are the most commonly adopted technologies in adaptive cruise control systems. Out of these, the adoption of the radar technology is currently being observed to be the highest in the world. 

Therefore, it can be said with surety that the sales of adaptive cruise control systems would skyrocket all over the world in the forthcoming years, primarily because of the rising prevalence of road accidents and the growing enactment of favorable government initiatives regarding vehicular safety in several countries around the world. 

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Boom Expected in Asia-Pacific Lithium-Ion Battery Recycling Market in Future

The global lithium-ion battery recycling market revenue stood at $161.4 million in 2020, and it is predicted to surge to $991.5 million by 2030. Furthermore, the market will demonstrate a CAGR of 19.9% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence. The market is being driven by the burgeoning requirement for electric vehicles and the limited availability of the lithium metal across the world. 

The mushrooming use of lithium in various industries is augmenting the requirement for lithium mining, which is creating concerns, owing to the limited availability of the metal all over the world. Moreover, lithium mining causes environmental damage, because of extensive chemical leakage. Owing to these factors, the popularity of lithium-ion battery recycling is soaring. Additionally, recycling assists manufacturers in ensuring that only required quantity of lithium is used in batteries and other applications.

Apart from the aforementioned factor, the ballooning deployment of electric vehicles is also fueling the expansion of the lithium-ion battery recycling market. As per the Sustainable Development Scenario of the International Energy Agency (IEA), the total number of electric vehicles (excluding three- and two-wheelers) will rise to 245 million units by 2030, which is expected to promote the recycling of lithium-ion batteries so that their worldwide requirement can be met. 

Depending on battery type, the lithium-ion battery recycling market is classified into lithium-ferro phosphate (LFP), lithium-cobalt (LCO), lithium-nickel-cobalt-aluminum oxide (NCA), lithium-ion-manganese oxide (LMO), and lithium-nickel-manganese-cobalt oxide (NMC). Out of these, the LCO category dominated the market in 2020 and this trend is expected to continue in the coming years as well. This will be because of the soaring use of LCO batteries in various portable electronics, such as tablets, mobile phones, and laptops, due to their high energy density.

Globally, Asia-Pacific (APAC) held the largest share in the lithium-ion battery recycling market in the years gone by and it is predicted to retain its dominance throughout the forecast period as well. This is credited to the large-scale deployment of electric cars, which is driving the demand for recycled old batteries in order to meet the soaring requirement for these energy devices in the region. Additionally, the rising public awareness about the various environmental benefits of electric cars is also propelling the growth rate of the market in the region. 

Hence, it can be safely said that the demand for lithium-ion battery recycling will skyrocket in the coming years, mainly because of the mushrooming adoption of electric vehicles and the limited availability of lithium across the world. 

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Global Microdisplay Market To Grow At 17.1% CAGR during 2020–2030

The global microdisplay market was valued at $1,145.6 million in 2020, and it is predicted to generate a revenue of $5,535.6 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 17.1% from 2020 to 2030 (forecast period). The major factors driving the expansion of the market are the increasing use of heads-up display (HUD)-integrated advanced driver assistance systems (ADAS) and surging number of near-to-eye (NTE) applications.

The rising incidence of road accidents is pushing up the requirement for ADAS, especially in China, Japan, and the U.S. According to the World Health Organization (WHO), around 1.3 million deaths are recorded every year because of road accidents. According to the Federal Motor Carrier Safety Administration (FMCSA), the U.S. launched a project in order to promote the incorporation of ADAS in the trucking industry in 2019, owing to the ability of ADAS to mitigate the prevalence of road accidents and fatalities.

The government made an investment of $0.65 million in the project, which is predicted to be completed by the end of 2021. Besides, the soaring need for microdisplays in NTE applications is also propelling the microdisplay market across the globe. These screens are being increasingly used in NTE devices, such as HMDs, augmented reality (AR)/virtual reality (VR) headsets, full-color projection devices, and personal electronics, such as cameras and mobile phones.

Depending on technology, the microdisplay market is divided into liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal display (LCD) categories. Out of these, the OLED category is predicted to register the highest growth rate in the market in the coming years. This is ascribed to the mushrooming utilization of OLED screens in electronic devices and appliances, such as smartphones and TVs. Additionally, these screens provide a high pixel density and compact size, which is further boosting their popularity globally.

This market research report provides a comprehensive overview of the market

• The 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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Surging Construction Industry Driving U.S. Mattress Market Growth

A number of factors, such as the growing construction industry, booming hospitality and tourism sectors, surging concern toward sound and healthy sleep, and increasing prevalence of back and spine problems, across the country, are expected to drive the growth of the U.S. mattress market at a CAGR of 4.8% during the foreseeable period (2020–2030). According to P&S Intelligence, the market generated $16,716.5 million revenue in 2020, and it is expected to reach $26,790.4 million by 2030. 

One of the prime factors aiding the U.S. mattress market growth is the surging construction industry. For instance, as per the U.S. Census Bureau, construction spending reached $1.324 trillion in 2019, from $1.271 trillion in 2018 in the country. Moreover, the spending on private construction was 1.6% more in 2019 as compared to 2018. Likewise, residential construction spending was 2.7% higher in 2019, than the previous year. The data states that the construction sector is observing notable growth in the U.S., which is driving the demand for mattresses.

Furthermore, the booming hospitality and tourism sectors are also driving the need for mattresses in the U.S. For instance, travel activities in the country reached a total of 2.3 billion person-trips, augmented by 1.7%, in 2019. Moreover, domestic leisure travel activities stood at 1.9 billion person-trips, increased by 1.9%, in 2019. Similarly, domestic business travel activities reached 464 million person-trips, amplified by 1.1%, in 2019, as compared to 2018.

Geographically, in the U.S. mattress market, the southern region held the largest share in 2020. This is because the region offers growth opportunities to players operating in the market, due to the high urbanization rate in this part of the country, and southern cities have a huge population base. For example, Metropolitan Atlanta has been observing a significant rise in its population, with an addition of 69,200 residents every year.

Thus, the growing construction industry and the booming hospitality and tourism sectors are expected to boost the market growth during the forecast period in the country.

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Plant-Based Protein Market Being Propelled By Growing Intolerance to Animal Protein

The global plant-based protein market reached a revenue of $11,104.3 million in 2020 and it is predicted to advance at a CAGR of 9.2% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will attain a value of $26,721.3 million by 2030. The major factors driving the market are the growing intolerance of people to animal protein, surging customers’ expenditure, and rising public awareness about healthy plant-based foods. 

Plant-Based Protein Market Report - P&S intelligence 

The rise in customer spending and rapid improvements in the living standards of people are pushing up the sales of plant-based proteins across the globe. As per the World Bank, the total expenditure of customers rose from $49.33 trillion in 2010 to $64.130 trillion in 2019. Furthermore, the growing popularity of the vegan lifestyle, owing to its eco-friendliness, is also positively impacting the worldwide demand for plant-based proteins. Besides, the increasing incidence of animal protein intolerance among people, especially in Western countries, is also propelling the expansion of the plant-based protein market.

Geographically, North America contributed the highest revenue to the plant-based protein market in the past. This was because of the growing preference of people for natural ingredients in the food and beverage industry and surging concerns being raised over the rising prevalence of obesity in the region. In the coming years, the market is expected to exhibit the fastest growth in the Asia-Pacific (APAC) region, owing to the growing population of vegetarians, rising income of people, and soaring requirement for protein among people in the region.

Hence, it can be safely said that the demand for plant-based proteins will surge sharply in the upcoming years, mainly because of the growing disposable income of people, rising popularity of the vegan lifestyle, and increasing intolerance of people toward animal protein across the world.

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Rising Infertility Cases Augmenting Female Fertility and Pregnancy Rapid Test Kit Demand

 As per the World Health Organization (WHO), infertility refers to the “failure to achieve a pregnancy after 12 months or more of regular unprotected sexual intercourse”. This is a disease of both the male and female reproductive systems. Infertility is caused by problems in the ejection of semen, abnormal shape and mobility of the sperm, or absence or low levels of sperm in the male reproductive system. Whereas, in the female reproductive system, this disease may be caused by a range of abnormalities of the endocrine system, fallopian tubes, uterus, and ovaries.

Access Report Summary - Female Fertility and Pregnancy Rapid Test Market Size and Value

The WHO estimates that around 48 million couples and 186 million individuals are living with infertility globally. Thus, the surging incidence of infertility is expected to help the female fertility and pregnancy rapid test market progress at a CAGR of 4.5% during 2016–2022. According to P&S Intelligence, the market will generate $489.3 million by 2022. Currently, women dealing with infertility issues are creating a huge requirement for such at-home diagnostic devices owing to their lower cost than laboratory tests.

Essentially, the high number of infertile women is the key factor driving the demand for the associated test kits. As per a study conducted by the WHO, between 1990 and 2012, the global female infertility burden remained almost the same, thus highlighting a high need for diagnoses. The most common examples of abnormal menstruation, which could be a symptom of infertility, affecting the global female population are oligomenorrhea, amenorrhea, and dysmenorrhea. Essentially, family history, smoking, polycystic ovarian syndrome (PCOS), premature ovarian insufficiency, and impaired hypothalamus and pituitary gland function can cause female infertility.

Geographically, North America will dominate the female fertility and pregnancy rapid test market in the foreseeable future due to the soaring incidence of uterine fibroids and PCOS. Additionally, the female population of the region is experiencing irregular and heavy bleeding, abnormalities of the uterus, and indescribable miscarriages, owing to which North America is witnessing a considerable use of such kits. As per the Centers for Disease Control and Prevention (CDC), “About 6% of married women aged 15 to 44 years in the United States are unable to get pregnant after one year of trying (infertility).”

Therefore, the burgeoning infertile female population will boost the adoption of fertility and pregnancy rapid test kits.

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What Factors would be Responsible for Boom of Anatomic Pathology Market in Asia-Pacific in Future?

 One of the biggest factors resulting in the increasing demand for anatomic pathology services across the world is the escalating prevalence of chronic diseases, such as hypertension, cancer, heart diseases, autoimmune diseases, liver cirrhosis, and kidney diseases, especially in low- and middle-income countries (LMICs). According to a report of the World Health Organization (WHO), 9.6 million people died from cancer across the world in 2018. Furthermore, the report also states that almost 70% of the deaths from cancer occur in LMICs, which, in turn, boosts the demand for anatomic pathology screening in these countries. 

Read the full report - Anatomic Pathology Market Insight

The other key factor responsible for the growth of the anatomic pathology market is the soaring geriatric population across the globe. As per the World Population Ageing published by the United Nations (UN), the global geriatric population is predicted to increase from 703 million in 2019 to 1.5 billion by 2050. Additionally, the WHO reports that the prevalence of chronic diseases, such as depression, diabetes, organ failure, dementia, and pulmonary diseases, increases with age, which further pushes the need for efficient diagnosis, thereby propelling the volume of pathological tests.

The biggest rage currently being witnessed in the anatomic pathology market is the heavy investments in the rapid development of new technologies, in order to speed up the disease diagnosis process. For instance, Greg Clark of the U.K. government announced in November 2018 that several consortium groups will together develop five new digital imaging and pathology centers, in various places in the U.K., such as Oxford, Glasgow, Leeds, Coventry, and London. The U.K. government, in order to make this possible, plans to invest $65 million from the Industrial Strategy Challenge Fund. 

Geographically, the Asia-Pacific (APAC) region is expected to observe the fastest growth in the demand for anatomic pathology testing during the forecast period. The main factors contributing to the surge in this region are the rising acceptance of personalized medicine, mushrooming patient pool suffering from chronic diseases, increasing investments by the governments of various APAC countries, as well as numerous non-government organizations, on diagnostic research, and increasing penetration of major companies in the region, which provide products for pathological screening.

Therefore, it can be concluded that owing to the ballooning need for quick and effective diagnosis of chronic diseases and rapid technological advancements in the healthcare industry, the usage of anatomic pathology testing is set to observe huge growth in the coming years.

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Why Are Governments Constantly Monitoring Air Quality?

 From 29,848,570 kilotons (kt) of CO2 equivalent in 1990, global greenhouse gas (GHG) emissions surged to 45,873,850 kt of COs equivalent in 2018, as per the World Bank. The sources of these emissions are diverse, from power plants and factories to homes and even living things (nasal exhalations). The major ill-effect of these emissions is air pollution, which, in turn, gives rise to the more-serious global warming, climate change, and respiratory problems, such as asthma and chronic obstructive pulmonary disease (COPD). While nothing can be done about human exhalations, a lot could be done about checking the GHG emissions from other sources.

Browse In-depth Air Quality Monitoring Market Size Research Report

Apart from this, it is important to measure the level of such pollutants in the environment, which is why, as per P&S Intelligence, the air quality monitoring (AQM) market value will likely surge from $3.9 billion in 2017 to $6.5 billion by 2023, at an 8.9% CAGR between 2018 and 2013. Air quality index (AQI) readings are commonly available these days at major city landmarks, news channels and papers, and government and private websites. These readings are generally available for various areas in a city, with an advisory for sensitive groups, in case the AQI is too bad.

The key reason behind air pollution is the rapid urbanization, with the United Nations (UN) saying that 68% of the people on earth will be city dwellers by 2050, compared to 55% in 2019. This is leading to the rise in the number of gasoline (petrol) and diesel automobiles, rapid construction of power plants, most of which still burn coal or crude oil; rampant construction, which releases huge amount of dust and other fine particles into the atmosphere; and surging consumption of cooking gas.

However, Asia-Pacific (APAC) is expected to be the fastest-growing air quality monitoring market in the years to come. Home to the most city dwellers in the world, APAC’s problem of GHG emissions is especially serious. Moreover, this region also has the largest number of automobiles on the roads, which are a major contributor to these emissions. Delhi, Beijing, and several other Chinese and Indian cities constantly rank as the most-polluted in the world, which has created a strong need for regular AQI bulletins based on the readings from AQM devices.

Thus, with the rising levels of pollutants in the air, the demand for devices to measure the indoor and outdoor air quality will rise.

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U.S. Automotive Tire Market Revenue To Exceed $75.0 Billion by 2024

The U.S. automotive tire market revenue reached $57.9 billion in 2018 and it is predicted to rise to $75.4 billion by 2024, owing to the booming automotive industry and surging requirement for tire replacement, because of the growing average lifespan of automobiles, in the country. According to the estimates of P&S Intelligence, a market research company based in India, the market will demonstrate a CAGR of 5.4% from 2019 to 2024. 

The U.S. is home to several leading automobile and automotive component manufacturing companies across the world. Out of the country’s total gross domestic product (GDP), around 3.0% was contributed by the automobile industry in 2018. Moreover, with the fall in tariff, emergence of technologically advanced automobiles, such as electric and autonomous vehicles, changing preferences of consumers, and growing compliance in manufacturing processes, the industry is set to prosper even more in the coming years. This will subsequently push up the demand for automotive tires in the country.

Furthermore, the soaring manufacturing of light commercial vehicles is predicted to create lucrative growth opportunities for the players operating in the U.S. automotive tire market in the near future. Additionally, the enactment of strict regulations, growing lifespan of automobiles, and mushrooming requirement for green tires are propelling the automotive tire industry in the country. The availability of a skilled workforce, introduction of an open investment policy, provision of incentives by state and local governments for encouraging vehicle adoption, and existence of a well-developed infrastructure are also fueling the advancement of the market. 

Depending on vehicle, the market is divided into passenger vehicle, medium and heavy commercial vehicle, light commercial vehicle, and two-wheeler categories. Out of these, the passenger vehicle category contributed the highest revenue to the U.S. automotive tire market in the years gone by. This was because of the high demand for pickup trucks in the country during the last few years, which massively boosted the sales of the tires used in these vehicles.  

Hence, the demand for automotive tires will soar in the U.S. in the coming years, mainly because of the growing tire replacement rate and increasing deployment of electric vehicles in the country. 

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Rapid Urbanization Driving Europe Water Pump Market Growth

The rising urbanization rate, surging consumer expenditure, and depleting groundwater levels are expected to drive the European water pump market at a CAGR of 1.8% during 2020–2030. The market revenue is projected to grow from $707.2 million in 2020 to $848.3 million by 2030. The groundwater level of Europe is declining rapidly, due to the rising temperature, on account of global warming. The National Aeronautics and Space Administration (NASA) states that the 2019–2020 winter in the region was warmest hitherto, owing to which there was little snow and spring was drier and warmer than normal.

The water pump demand in Europe is primarily driven by the accelerating urbanization rate in the region. According to the World Bank, the urban population of the European Union (EU) nations surged from 334,222,735 in 2019 to 335,651,231 in 2020. As per the organization, nearly 0.427% of the EU population resided in urban areas in 2020. With the booming urban population, governments of EU countries are focusing on improving the existing utility water and drinking water infrastructure.

Presently, the players in the European water pump market are introducing new products to gain a competitive edge. For instance, in March 2021, Ebara Corporation introduced the EVMS-K, a new model pump, for the European populace. This product integrates the EVMS model with the E-SPD inverter model. This pump is integrated with an inverter that helps in saving energy of the motor, simplifying writing and installation, saving installation space, and increasing the efficiency of pumps.

According to P&S Intelligence, Germany accounted for the largest share in the European water pump market in 2020. This was due to the presence of stringent wastewater treatment laws, which need to be adhered to, even by the domestic treatment facilities in the country. Moreover, the increasing need to lower the energy consumption of pumps in water and wastewater treatment plants is expected to drive the demand for energy-efficient water pumps in the country. 

Therefore, the accelerating urbanization rate and lowering groundwater levels will augment the demand for water pumps in Europe.

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How Is Healthcare Sector Supplementing Water-Based Adhesive Specialty Tapes Market Growth?

A number of factors such as the booming automotive sector, surging public awareness about the advantages of such tapes, burgeoning demand for medical products, and rapid technological advancements in the healthcare industry, are expected to drive the water-based adhesive specialty tapes market at a CAGR of 6.5% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $5,093.2 million in 2020 and it will generate $9,514.9 million revenue by 2030. 

The expanding automotive industry is driving the demand for water-based adhesive specialty tapes worldwide. According to the International Organization of Motor Vehicle Manufacturers (OICA), 77,621,582 vehicles were manufactured and 77,971,234 vehicles were sold globally in 2020. In addition, rapid technological developments in the automobile sector and the introduction of new vehicles are also fueling the demand for water-based adhesive specialty tapes. The automotive industry uses water-based adhesive specialty tapes as double-sided tapes, foam tapes, and protection tapes because they are easy to fix and remove.

In recent years, the players in the water-based adhesive specialty tapes market have been engaging in product launches to stay ahead of their competitors. For example, in April 2018, Shurtape Technologies LLC launched Shurtape FM 200 flagging tapes to expand its safety and marking product portfolio. The new tapes are used for temporary applications, such as tagging, marking trails, color coding, indicating survey boundaries, and designating hazards. Other players like Nichiban Co. Ltd., Intertape Polymer Group Inc., Scapa Group plc, and 3M Company are also expanding their product portfolio to gain a competitive edge. 

Globally, the Asia-Pacific water-based adhesives specialty tapes market generated the highest revenue in 2020, and it is expected to continue this trend throughout the forecast period. This can be credited to the expanding healthcare, electrical and electronics, and automotive industries and surging disposable income of people in the region and the prospering economy of the regional countries. For example, the OICA states that China, India, Japan, and South Korea manufactured 25,225,242 units, 3,394,446 units, 8,067,557 units, and 3,506,774 units of vehicles, respectively, in 2020. 

Therefore, the prospering automotive industry and soaring demand for healthcare products are prominent growth drivers of the market.

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Saudi Arabia Lighting Market Technological Advancements, Evolving Industry Trends and Insights

The Saudi Arabian lighting market generated a revenue of $1,350.0 million in 2020 and it is predicted to reach a value of $3,577.0 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 10.2% from 2020 to 2030 (forecast period). The market is being driven by the surging use of light-emitting diodes (LEDs), owing to their customization benefits, falling prices, and energy efficiency, soaring popularity of smart homes, and launch of smart city development projects in the country.

As per various estimates, power consumption will rise by more than 50% over the next 20 to 25 years. As per the International Energy Agency (IEA), the deployment of smart lighting systems can reduce energy consumption by 35% as compared to traditional lighting systems. Lighting consumes most of the power in commercial, industrial, and residential sectors and it accounts for as much as 15% of the total power consumption in the country. Moreover, it is responsible for 5% of the total greenhouse gas emissions in the country.

Between the two, the wireless category is expected to demonstrate higher growth rate in the coming years. Since these lights do not need wires, they can be deployed in places which will allow users to save money and energy. Moreover, these lights can be placed at greater distances than that allowed by wired systems. Al Nasser Group, OPPLE Lighting Co. Ltd., LEDVANCE GmbH, Al AbdulKarim Holding, Alfanar Group, Zumtobel Group AG, National Lighting Company, Huda Lighting, NVC International Holdings Limited, TRILUX GmbH & Co. KG, CINMAR Lighting Systems, and Signify N.V. are some of the major Saudi Arabian lighting market players.

The players operating in the industry are actively focusing on product launches in order to strengthen their position and augment their revenue. For example, Al Nasser Group’s retail division inaugurated the first smart home called Al-Takhassusi Riyadh in November 2019 in the presence of the Hager Group’s representatives and engineers from the domain of design and lighting. Similarly, Alfanar Group launched the latest collection of switches and sockets, service boxes, switch and junction boxes, lighting products, distribution boards, and cables and wires at the IEE Conference in April 2019.

Hence, it is safe to say that the market will exhibit rapid expansion in the years to come, mainly because of the surging infrastructure development activities, mushrooming popularity of smart homes, and soaring use of LEDs in the country.

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How Is Rising EV Sales Supplementing Electric Motor Market Growth?

Factors such as the rising adoption of electric vehicles (EVs) and increasing compliance for energy-efficient electric motors are expected to propel the electric motor market at a CAGR of 6.3% during 2020–2030. According to P&S Intelligence, the market was valued at $105.5 billion in 2020 and it is projected to generate $195.1 billion revenue by 2030. At present, the manufacturing industry is opting for energy-efficient electric motors to reduce energy consumption and reduce operating costs. 

The surging adoption of EVs is one of the key growth drivers of the market, as electric motors are their major components. As per the International Energy Agency (IEA), the global stock of battery electric vehicles (BEV) (cars) and plug-in hybrid electric vehicles (PHEV) (cars) will surge from 6,850,327 in 2020 to 79,975,992 by 2030 and 3,346,713 in 2020 to 44,355,904 by 2030, respectively. Furthermore, the total number of BEV (vans) and PHEV (vans) will escalate from 427,525 in 2020 to 11,041,648 by 2030 and 8,384 in 2020 to 1,959,625 by 2030, respectively. 

The application segment of the electric motor market is categorized into medical, industrial, space, transportation, commercial aerospace, non-industrial robotics, defense, marine, and others. Under this segment, the transportation category generated the highest revenue in 2020, due to the surging adoption of EVs and booming demand for motor vehicles. The rising shift toward EVs can be attributed to the soaring public awareness about worsening air quality and increasing government support toward the EV industry in the form of tax rebates and subsidies.

Globally, the Asia-Pacific electric motor market generated the highest revenue in 2020, and it is projected to showcase the fastest growth throughout the forecast period (2021–2030). This can be attributed to the presence of a large number of manufacturing plants in developing countries, such as Bangladesh, China, Indonesia, and India. Moreover, the mounting investments being made by the market players in the untapped markets of the region will also augment the demand for electric motors in APAC.

Thus, the burgeoning EV production and escalating demand for energy-efficient electric motors are expected to steer the market growth across the world.

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Australia Micromobility Market To Generate $19,185.6 Million Revenue by 2030

Factors such as the burgeoning demand for first- and last-mile connectivity and the surging need for reduced traffic congestion in urban areas are expected to drive the Australian micromobility market at a robust CAGR of 89.5% during the forecast period (2021–2030). The market growth will also be steered by the low cost and convenience offered by micromobility solutions. According to P&S Intelligence, the market was valued at $16.9 million in 2020, and it will generate $19,185.6 million revenue by 2030.

The rising need to reduce traffic congestion, which can be credited to the booming population, is augmenting the demand for micromobility services in Australia. As per the World Bank, the population of the country surged from 25,365,745 in 2019 to 25,687,041 in 2020. The surging population is exerting additional burden on transportation systems, owing to which the government and market players are encouraging the use of such solutions. Micromobility offers better connectivity to a public transit hub, aids in reducing the carbon footprint, and helps in lowering the dependence of people on their vehicles.

Currently, the battery swapping technology is becoming a prominent trend in the Australian micromobility market. The advent of this technology has increased the fleet uptime, while reducing operational costs, owing to which market players are registering significant profits. Battery swapping can be done by the rider as well as a micromobility company employee or a freelancer. The rider can swap the discharged battery with a charged one at any swapping center, or a micromobility company employee or contracted person visits the required places to accomplish the task.

Key players in the Australian micromobility market, such as Vmoto Limited, Localift Services Pty. Ltd., Giant Manufacturing Co. Ltd., Lime, Beam Mobility Holdings Pte. Ltd., Neuron Mobility Pte. Ltd., Segway Inc., Flamingo Technologies Limited, Spinway WA, Airbike, and Kwang Yang Motor Co. Ltd., are currently focusing on business and operational expansions to stay ahead in the competition. For example, in July 2019, Beam Mobility Holdings Pte. Ltd., an e-scooter sharing service provider, established its operations in Adelaide, Townsville, Canberra, Brisbane, Sydney, and Melbourne.

Thus, the escalating need to decrease traffic congestion and the rising popularity of swappable batteries are the key contributors to the market growth.

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How Is High Disposable Income Driving Electric Massager Equipment Demand?

Electric massager equipment is used to relieve muscle tension by enhancing blood flow, lower pain intensity by decreasing bodily substances that cause prolonged pain, improve recovery by stimulating mitochondria, and reduce inflammation by activating genes that naturally lower swelling. In recent years, technological advancements have resulted in the development of handheld portable massagers, owing to which they have become extremely popular in households. Usage of such massagers can provide enhanced sleep, lower blood pressure, and potential blood loss. Thus, the increasing public awareness regarding such benefits will augment the usage of electric massager equipment in the foreseeable future. 

In addition, the surging public expenditure on personal care, on account of the rising disposable income of the people, will support the electric massager equipment market growth in the upcoming years. For instance, the Reserve Bank of India (RBI) states that the gross national disposable income of India increased from INR 1,73,15,933 crore during 2017–2018 to INR 1,92,37,943 crore during 2018–2019. Further, the Bureau of Economic Analysis (BEA) estimates that personal consumption expenditures (PCE) in August 2021 increased by $130.5 billion from August 2020 levels.

According to P&S Intelligence, North America leads the electric massager equipment market, due to the easy availability of advanced devices in the region. Moreover, the increased public awareness regarding potential applications of massaging in the treatment of stimulating mitochondria will also fuel the usage of electric massager equipment in North America. Additionally, the presence of prominent electric equipment manufacturers and rapid technological advancements will also encourage the adoption of such products in the U.S. and Canada.

Therefore, the escalating public awareness regarding the benefits of massage, growing disposable income of people, and soaring number of spas will facilitate the adoption of electric massager equipment globally.  

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Increasing Incidence of Road Accidents Driving Sales of Surgical Staplers

The rising incidence of chronic diseases is fueling the demand for surgeries, which is one of the main factors responsible for the soaring sales of surgical staplers all over the world. As per the World Health Organization (WHO), chronic diseases are the number one cause of mortality and they are responsible for around 60% of all deaths across the world. Out of all chronic illnesses, cardiovascular diseases are responsible for the highest number of deaths.

Browse In-depth Surgical Staplers Market Research Report

According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. As geriatric people are highly vulnerable to various diseases, owing to their weak immune systems, their surging population is augmenting the need for surgeries. In addition, the growing preference of people for minimally invasive surgical procedures is also expected to fuel the surgical staplers market at a CAGR of 7.7% from 2017 to 2023.

Furthermore, the value of the market will surge from $3.2 billion in 2016 to $5.4 billion by 2023, as per the estimates of the market research company, P&S Intelligence. This is because these staplers, unlike traditional sutures, allow for rapid and efficient wound closure and cause minimal inflammation. Between powered and manual staplers, the demand for the latter was found to be higher during the last few years. These staplers are preferred over the powered ones, due to their economical nature. Moreover, they cause fewer infections and facilitate faster wound closure than conventional stitches. 

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What is Major Trend Presently Witnessed in U.S. Medical Peer/External Physician Review Services Market?

The increasing incidence of medical malpractices and negligence in the U.S. over the last few years has led to the creation of strict guidelines for medical review process in the country. Moreover, there has been a huge rise in the number of healthcare centres and physicians in the country having limited expertise in conducting reviews, in the past years. Due to these factors, the requirement of medical peer/external physician review services has increased massively in the U.S. and this demand is also expected to shoot-up in the coming years.

The presence of clear guidelines regarding external physician/ medical peer review services in the U.S. is another major factor boosting the adoption of these services in the country. In addition to this, medical peer review procedures have numerous advantages such as the ability to enhance member satisfaction and safety and quality of patient care and reduce the risk of medical errors and consequent negative healthcare outcomes, owing to which, they are being increasingly adopted in the healthcare industry of the U.S.

Browse detailed report with COVID-19 impact analysis at U.S. Medical Peer/External Physician Review Services Market Research Report

Due to the above-mentioned factors, the U.S. medicalpeer/external physician review services market is predicted to exhibit substantial growth during the forecast period (2020—2030). Medical peer review and external physician review services are mainly provided by the medical universities and academic institutes, certified physicians, medical professional societies, peer review organizations (PROs), and law and consulting firms/organizations. Out of these service providers, the law and consulting organizations are expected to provide the maximum number of external physician/medical peer review services in the U.S. during the forecast period.

Therefore, it can be concluded that the popularity of medical peer/external physician review services will skyrocket throughout the U.S. in the upcoming years, mainly because of the rising prevalence of medical malpractices in the country.

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People Turning to E-Commerce for Scar Treatment Products

 Appearance is one of the biggest focus areas of people these days, which is why the demand for personal care and cosmetic products and skin treatments is growing around the world. One of the biggest degraders of appearance is scars, which can be caused by a number of diseases and physical injuries due to accidents, burns, chemical contact, violence, wounds, and surgeries. For instance, as per the American Academy of Dermatology (AAD), 50 million people in the U.S. have acne.

Browse report overview and detailed TOC at Scar Treatment Market Demand Forecast 

As a result, P&S Intelligence expects the scar treatment market value to increase to $63.4 billion by 2030 from $19.6 billion in 2019, at an 11.5% CAGR between 2020 and 2030. This is because the triggers of acne and other skin diseases, such as psoriasis, vitiligo, eczema, and photoaging, are fairly common. These include ultraviolet (UV) exposure, age and the accompanying hormonal changes, pollution, tobacco and alcohol abuse, bacterial and fungal infections, and genetics. Thus, with the increasing prevalence of such diseases, the scar incidence is rising too, which is propelling the demand for treatments.

This clearly reflects a vast unmet demand for topical, laser, surface, injectable, and surgical scar treatment products, among which topicals remain the most popular. This is because topical products include oils, gels, creams, gel sheets, ointments, lotions, and foams, which are easily available over the counter (OTC) and on prescriptions at pharmacies and retail stores and are easy to apply by patients themselves. Additionally, these are some of the cheapest scar treatments available, which is a key reason behind their high popularity among the masses.

In the years to come, the demand for such products will burgeon in Asia-Pacific (APAC), which is majorly home to LMICs. The vast unmet need for skin treatments, combined with the efforts of several public and private firms to make people aware of the issue, will contribute to the increasing product sales. Further, the improving financial status of the populace, rising cases of burns and accidents, and bettering healthcare infrastructure will create a high demand for such treatments here.

Hence, with the rising prevalence of skin issues and appearance consciousness, especially in emerging economies, scar treatment products will witness an escalating requirement.

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How Are Government Regulations Encouraging Car Security System Adoption?

According to the International Organization of Motor Vehicle Manufacturers (OICA), 53,598,846 passenger cars were sold and 55,834,456 were manufactured in 2020. The surging sales and production of vehicles are creating a huge requirement for security systems, such as immobilizers, central locking systems, alarms, and remote keyless entry (RKE) systems. The installation of these systems ensures the safety of passengers and vehicles, owing to which automakers are inking contracts with auto component companies, such as ALPS ELECTRIC CO. LTD., HELLA KGaA Hueck & Co., Delphi Automotive LLP, Robert Bosch GmbH, Mitsubishi Electric Corporation, and Tokai Rika Co. Ltd., for them.

Additionally, the toughening government regulations on vehicle security will steer the car security systems market toward prosperity. For instance, the Central Motor Vehicle Rules (CMVR) of the Indian government mandate the installation of door locks in cars manufactured in the country. Furthermore, the National Highway Traffic Safety Administration (NHTSA) under the Department of Transportation (DOT) has laid down the Federal Motor Vehicle Theft Prevention Standard to ensure the installation of advanced security systems in cars.

According to P&S Intelligence, China and India also hold significant positions in the car security systems market due to the rising car sales in these countries owing to their vast population. The Society of Indian Automobile Manufacturers (SIAM) states that 2,711,457 passenger vehicles were sold in India during 2020–2021. Similarly, the China Association of Automobile Manufacturers (CAAM) reveals that 2,297,000 passenger cars were sold in China in November 2020.

Furthermore, Western European countries, such as Finland, Germany, and the U.K., are expected to create an extensive requirement for car security systems in the foreseeable future, as their governments mandate the integration of such systems in newly manufactured cars. Likewise, North America is expected to record large-scale installations of these components in the cars manufactured here. Of the North American countries, the U.S. will see their higher sales due to the high incidence of vehicle thefts in the country, primarily due to the developed chop shop ecosystem, a part of the broader category of organized crime.

Thus, the soaring car sales, rising cases of vehicle thefts, and increasing implementation of government laws mandating the installation of security features in vehicles will facilitate their adoption worldwide.

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Embolotherapy Market To Generate $6,447.1 Million Revenue by 2030

A number of factors such as increasing incidence of lifestyle-associated and chronic illnesses, improving healthcare infrastructure, and rising healthcare spending are expected to propel the embolotherapy market at a CAGR of 7.7% during 2020–2030. According to P&S Intelligence, the market was valued at $3,082.9 million in 2020, and it is projected to generate $6,447.1 million revenue by 2030. In recent years, the rising number of product approvals and launches has become a major market trend.

Apart from this, the rising incidence of chronic and lifestyle-associated diseases will also play a vital role in the embolotherapy market growth. Diseases such as obesity, diabetes, stroke, chronic obstructive pulmonary disease (COPD), cancer, and metabolic syndrome are caused due to unhealthy diet, smoking, physical inactivity, and excessive alcohol consumption. These diseases are a major healthcare burden in high-income as well as low- and middle-income countries (LMICs) and require advanced treatment for better results, owing to which medical professionals are prescribing emobolotherapy for such patients. 

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Currently, players in the embolotherapy market, such as Medtronic Plc, Merit Medical Systems Inc., Terumo Corporation, Kaneka Corporation, Boston Scientific Corporation, Guerbet, BALT EXTRUSION SAS, Johnson & Johnson, Abbott Laboratories, Sirtex Medical Limited, and Meril Life Sciences Pvt. Ltd., are focusing on product approvals and product launches to gain a competitive edge. For example, in August 2019, Cook Medical LLC introduced the 2.6 Fr CXI support catheter for super-selective anatomy or small-vessel anatomy used for interventional and diagnostic procedures.

Globally, North America accounted for the largest share in the embolotherapy market in 2020, and it is expected to maintain its lead during the forecast period as well. This can be primarily ascribed to the surging prevalence of chronic and lifestyle-associated diseases, growing geriatric population, and increasing efforts of market players toward developing advanced embolic agents in the region. Moreover, the presence of an established healthcare ecosystem also facilitates the regional market growth.

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What are Key Factors Causing Boom of U.S. Pulse and Regional Oximeters Market?

 The awareness regarding surgical care programs is increasing all over the globe. Attributed to this, the demand for pulse and regional oximeters is growing worldwide, including the U.S. The World Health Organization (WHO), has included these medical devices in a number of projects to increase awareness regarding their utilization. Pulse and regional oximeters are further included in WHO’s safe surgical checklist, as a standard for operations. Pulse oximeters are utilized for monitoring the amount of oxygen that is being carried in the body. These are non-invasive devices and are attached painlessly to the fingertip of the patient. 

Browse In-depth  U.S. Pulse and Regional Oximeters Market Regional Breakdown

The device sends two light wavelengths through the finger for measuring pulse rate and the amount of oxygen that is in the system. Regional oximeters aid physicians in monitoring cerebral oxygenation in cases where pulse oximeters are not fully indicative of amount of oxygen that is reaching the brain. As per a report by P&S Intelligence, the U.S. pulse and regional oximeters market is expected to attain a value of $1,101.4 million by 2024, increasing from $687.3 million in 2018, and is predicted to register an 8.2% CAGR during the forecast period (2019–2024). 

Between pulse and regional oximeters, the demand for pulse oximeters is projected to be higher in the coming years, which is owing to the wider application area of these medical devices as compared to regional oximeters. Pulse oximeters are user-friendly, compact, and can be attached to different body parts, including nose, palm/foot, and fingertip. Different types of pulse oximeters are nose, fingertip, palm/foot, handheld, wrist-worn, earlobe, forehead, and table-top. Among all these, the demand for wrist-worn pulse oximeters is expected to increase considerably in the near future, as they are more innovative in terms of technology and are accepted more among older people in home-based care. 

Aged people further prefer medical devices that are home-based, user-friendly, and non-invasive for monitoring their saturated oxygen levels. Pulse and regional oximeters are homecare settings, hospitals, pre-hospital care and emergency medical service providers, emergency management care settings, fire rescue departments, and clinics. Hospitals made the most use of these devices in the U.S. Within the country, California was the largest U.S. pulse and regional oximeters market in the past, which can be attributed to the presence of major players and high healthcare spending in the state. 

In conclusion, the demand for pulse and regional oximeters is growing in the U.S due to the increasing awareness regarding surgical care.  

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Escalating Safety Concerns to Boost Popularity of Automotive Digital Services in Germany in Coming Years

The growing prevalence of road accidents in Germany is increasingly becoming a matter of grave concern for both the common people and the regulatory authorities of the country. As a result, the people in the country are rapidly gravitating toward vehicles equipped with advanced safety systems such as ADASs (advanced driver assistance systems). Moreover, the high incidence of automobile crashes is massively pushing up the sales of telematics-enabled trucks, which is, in turn, fueling the demand for automotive digital services in the country. 

Because of the increasing fatality rates of these road accidents, the European Commission is presently revising the safety requirements in automobiles. Many industry experts believe that the organization will soon make the installation of ADAS systems and other safety features mandatory in passenger cars. With the implementation of these strict safety regulations and the rising customer preference for vehicles equipped with safety systems, the requirement for automotive digital services will surge in Germany in the future years. 

Besides the common people and the government, the automobile manufacturers are also increasingly focusing on integrating advanced security devices and systems in their vehicles. The automakers are rapidly incorporating these features in their cars as the unique selling proposition (USP) of the vehicle, which, in turn, is boosting the sales of these automobiles throughout the country. Furthermore, the increasing popularity of in-vehicle connectivity features is also propelling the demand for automotive digital services, which is subsequently boosting the advancement of the German automotive digital services market. 

Hence, because of the aforementioned reasons, the German automotive digital services market will exhibit rapid expansion in the future, as per the forecast of the market research firm, P&S Intelligence. In-vehicle digital, logistic fleet management, mobility on demand are the most widely adopted types of automotive digital services. Amongst these, the integration of the in-vehicle digital services was recorded to be significantly high in the past, because of the high customer preference for vehicles equipped with ADASs. Moreover, the comparatively higher prices of these systems caused higher revenue generation from their sales in the years gone by. 

Therefore, with the increasing implementation of strict vehicular safety regulations and the growing customer requirement for automobiles equipped with advanced safety systems and features, on account of the rising incidence of road accidents, and the ballooning popularity of ride sharing and hailing services, the demand for automotive digital services will surge in Germany in the coming years. 

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Europe MVNO Market To Generate $48,762.8 Million Revenue by 2030

A number of factors such as the increasing adoption of segment-targeted pricing and innovative distribution strategies, escalating need for triple-play services in developing countries, mounting demand for low-cost mobile services, rising penetration of mobile devices, and surging use of cloud-enabled solutions are expected to drive the European mobile virtual network operator (MVNO) market at a CAGR of 5.8% during 2020–2030.

The market was valued at $27,748.1 million in 2020, and it is projected to generate $48,762.8 million revenue by 2030. One of the primary growth drivers of the market is the surging focus of MVNOs on innovative distribution and segmented-targeted pricing strategies. As the success of MVNOs largely depends on unique brand positioning and value proposition, they are focusing on adopting unique strategies to attract target customers, such as tourists, ethnic groups, and migrant workers.



MVNOs cater to varied customer needs through the optimal use of the existing telecom infrastructure of mobile network operators (MNOs). In recent years, the increasing adoption of self-service portals has become a prominent trend in the European MVNO market, as they help improve productivity and enhance the profitability of market players and give customers more control and power over their mobile data.

An efficient self-service portal offers customers faster, convenient, and flexible services. Additionally, these portals also help MVNOs with reduced administrative burden, cost, and time. Simultaneously, consumers can monitor and stay abreast of their mobile usage. Therefore, the rising focus of MVNOs on segmented targeted-pricing strategies and the burgeoning demand for self-service portals will drive the demand for MVNOs in the European region.

This market research report provides a comprehensive overview of the market

• The 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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