How Technological Advancements Are Aiding in Cancer/Tumor Profiling Market Growth?

The changing environment and adoption of unhealthy lifestyle habits, such as tobacco consumption and smoking, exposure to harmful radiations along with other factors have led to a massive increase in the incidence of cancer.  As per the World Health Organization, global cancer burden has risen to 9.6 million cancer deaths and 18.1 million new cases in 2018.  Further, the American Cancer Society reported that in 2017, approximately 1,688,780 new cancer cases were expected to be diagnosed in the U.S. and as many as 600,920 Americans were expected to lose their lives to cancer in the same year, which translates to 1,650 patients succumbing to cancer per day. 

The International Agency of Research on Cancer has predicted that by 2030, the global cancer burden would grow to 21.7 million new cases, mainly due to the increasing aging population. Cancer is an umbrella term that represents a large group of diseases and there are more than 100 types of cancer. In this disease, multiple types of tissues are affected, which contain different biomarkers. Therefore, to correctly identify these biomarkers for diagnostic purposes, cancer/ tumor profiling is the need of the hour as certain cancer types affect specific sets of genes, which can be extremely helpful in drawing a correct diagnosis.

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Cancer is a genetic disease, which is a result of changes that occur in the genes of cells that continue to divide uncontrollably.  As cancer affects numerous genes, the need for cancer profiling is being felt, which is done using various technologies, namely microarray, next generation sequencing (NGS), in-situ hybridization (ISH), immunohistochemistry (IHC), and quantitative polymerase chain reaction (qPCR).  During 2013–2016, the most popular technology for generating tumor/cancer profiles was the NGS. This can be credited to the immense popularity of this technology among researchers and scientists as it helps in parallelly sequencing millions of fragments per run. It is a high-throughput process which translates into sequencing of thousands of genes at a time. Further, this technology also has the scope of discovering rare or novel variants. Owing to the aforementioned factors, this technology would continue to remain a favorite among end users. This is expected to lead the cancer/tumor profiling market to witness significant growth at a 19.0% CAGR in the coming years, as estimated in a P&S Intelligence study.

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Cancer/tumor profiling can be used for various purposes, such as prognostics, personalized medicine, biomarker discovery, diagnostics, and others. During 2013–2016, cancer/tumor profiling was most extensively used in the personalized medicine domain. This is attributed to the high success rates achieved in cancer treatment using personalized therapy, as it offers a tailormade treatment specific to an individual. This is expected to continue being the most popular application area of cancer profiling in the coming years as well.

Helomics Corp. and Indivumed GmBH entered into a partnership in 2017 in order to analyze annotated clinical data and human cancer biospecimens from consenting patients worldwide. Other key players in the global cancer/tumor profiling market are HTG Molecular Diagnostics Inc., NeoGenomics Inc., Caris Life Sciences Inc., Oxford Gene Technology, RiboMed Biotechnologies Inc., Illumina Inc., NanoString Technologies Inc., and Genomic Health Inc.

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Mushroom Market - An Emerging Market

The mushroom market is growing at a significant rate, due to the growth of consumer awareness related to health and wellness, improving technologies to increase the shelf-life, and increase in consumption of processed foods. The growing concerns about obesity and technological advancements are some of the factors, providing ample opportunities to the expansion of the mushroom market, in the coming years.

Europe leads the global mushroom market, and is also expected to grow at the fastest rate, in the coming years. The dominance of the region is due to several factors, such as shifting consumer preference towards low-fat and healthy food, and increasing awareness about wellness and health, among the consumers of the region.

Mushrooms are the vegetables that provide various nutrients, such as selenium, vitamins, and potassium. Mushrooms contain very less amount of gluten and sodium, and do not contain cholesterol and fat in them. Production method of mushroom is absolutely different from the production method of other green vegetables. Mushrooms depend on other plant materials for their food, as no chlorophyll is present in them. To destroy any bacterial or fungal components on the substrate where mushrooms get mature, the substrate has to be pasteurized, or sterilized.

The mushrooms can be marketed through direct marketing and wholesale marketing. Direct marketing includes selling of mushrooms to restaurants, at local farmers, and in supermarkets, along with most of the regions. While marketing through local markets, the seller should concentrate more on quality and service, instead of low price of mushrooms. Whereas, selling the mushrooms through wholesale marketing, the seller has to concentrate more on the low price of mushrooms. The sellers can also develop a processed product from the mushroom, such as sauce, for selling directly to the wholesalers and end users of the products. Mushrooms can also be marketed in the off season, by drying surplus mushrooms, and storing it.

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The mushroom market can be categorized, on the basis of type, applications, and region. On the basis of type, the mushroom market can be categorized as oyster mushroom, button mushroom, shiitake mushroom, paddy straw mushrooms, and others. Button mushrooms lead the mushroom markets under the types of mushrooms category, whereas shiitake mushrooms market is expected to grow with the fastest rate, in the coming years. Shiitake mushroom’s prices are not fixed throughout the year; price is lowest at the time of high production in summer and highest at the time of low supply in winters. The mushroom market can also be categorized on the basis of applications, as fresh mushroom and processed mushroom. Processed mushroom can further be subcategorized, as frozen mushroom and canned mushroom.

Continuous research and development in the mushroom market is expanding the applicability and accelerating the growth of the mushroom market. Some of the factors restraining the growth of the mushroom market are proper process management requirement, consumer credibility, and limited shelf-life of mushrooms.

Some of the competitors in the mushroom market are Drinkwater’s Mushrooms Ltd, Lutece Holdings B.V., Okechamp S.A., The Mushroom Company, Bonduelle SCA, Monterey Mushrooms Inc., Costa Group Holdings Limited, Shanghai Finc Bio Tech Inc., and Monaghan Mushrooms Ltd.

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Age-Related Macular Degeneration Market Segmental Analysis by Therapeutics, Diagnostics, Patent, Drugs Policy and Regulatory Landscape

The market is experiencing growth due to the rising geriatric population, growing pipeline for AMD therapeutics, surging chronic disease prevalence, and increasing healthcare expenditure. Age-related macular degeneration is a retinal disorder, which is indicated by changes in the fundus of the eye. It commonly affects the elderly, in which, first, the central vision becomes blurred, which ultimately leads to blindness.

The age-related macular degeneration market is classified into Asia-Pacific, Europe, North America, and Rest of the World, based on region. In 2015, the highest value share in the market was held by the North American region. This was attributed to the rising prevalence of conditions, such as obesity and hypertension. Further, the presence of major pharmaceutical companies supports the regional market growth. In 2022, with high healthcare expenditure of countries in the region, it is predicted to hold more than 90.0% of the market share.

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The age-related macular degeneration market is growing due to the rising geriatric population. Old age is one of the major risk factors of the disease, which may lead to visual impairment, and eventually complete blindness. A report on global aging population was published by the United Nations Department of Economic and Social Affairs, which mentioned that the global population of people in the 60 and above age group, is growing at a high rate. The share of geriatric population by 2050 is predicted to grow to 21.1% from 11.7% in 2013.

Therefore, the market for AMD is predicted to register remarkable growth in the forecast period with the rising prevalence of this disease and surging geriatric population.

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Asia Electric Three-Wheeler Market Share, Development, Growth, and Demand Forecast, 2013–2023

Environmental degradation, government support, low ownership cost, and declining battery prices are resulting in increased electric three-wheeler sales across Asia-Pacific (APAC). Electric three-wheelers are those, in which the fuel is replaced by an electric battery as its power source. Projected to witness a CAGR of 4.1% during the forecast period 2018–2023 as per P&S Intelligence, the Asia-Pacific (APAC) electric three-wheeler market is expected to generate a revenue of $11,935.1 million by 2023.

Going by the vehicle segment, the domain is categorized into passenger carrier and load carrier. Of the two, passenger carriers registered higher sales, owing to a wide consumer base in the region and demand for low-cost shared mobility. As per the motive power, <1,000 W, 1,000–1,500 W, and >1,500 W are the three categorizations of the electric three-wheeler market in Asia-Pacific. Among these, the 1,000–1,500 W category recorded the highest sales volume (over 50%) in 2017, owing to its cost-effectiveness.

Coming to the market growth factors, rising air pollution and government impetus toward curbing it are on the top of the list. In many countries in the region, governments offer people incentives and subsidies to encourage the adoption of electric vehicles, while manufacturers get land at reduced rates to set up production facilities. Further, stringent norms related to vehicular emissions and public campaigns focusing on reducing these are further compelling people to adopt electric vehicles.

The second important factor driving the Asia electric three-wheeler market is cost-effectiveness. Battery-powered three-wheelers run on electricity, which is a lot cheaper than gasoline and natural gas, making them more cost-effective than their fuel-based counterparts. Further, electric three-wheelers have fewer moving parts, hence, the risk of malfunctioning due to breakage is significantly less, which means less maintenance cost. In addition, the prices of lithium-ion (li-ion) batteries have come down considerably in the last few years, bringing down the cost of electric three-wheelers even more.

The cost-effectiveness of li-ion batteries, coupled with its light weight, is expected to boost its penetration into the electric three-wheelers industry in the coming years. Another reason these are predicted to eventually replace sealed lead-acid (SLA) batteries is that the latter can be harmful to humans, if not disposed off properly. In China, the government shut down more than 80% of its SLA battery-manufacturing plants by 2011, further paving the way for li-ion variants to dominate the electric three-wheeler market.

Talking of the regional scenario, China dominated the market during the historical period 2013–2017 in terms of sales volume as well as revenue generation. Reasons for this were the early introduction of such vehicles, abundance of manufacturers and suppliers, and favorable government policies. While China will still be the market leader during the forecast period, India will witness the highest sales and revenue CAGRs, owing to rising pollution levels and government support.

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Therefore, it is clear that as environmental degradation impels governments across APAC to form stricter emission norms and encourage electric vehicle adoption, the market for electric three-wheelers will continue to progress.

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EV Charging Station Demand in Market Globally Outlook - Industry Report

One of the main reasons for the growing popularity of electric vehicles is the rising awareness about the degrading quality of the environment. Our age-old dependence on fossil fuels for energy needs, has led to the appalling state of the environment. One of the chief components of fossil fuels is carbon; these fuels release numerous gases including carbon dioxide. These gases are referred to as greenhouse gases as they trap the heat from the sun into the atmosphere and cause the temperature to rise. This rise in temperature is bringing about numerous changes in the environment, ranging from melting of snow and rising sea levels to changes in climatic conditions and occurrence of frequent floods and draughts. Keeping these in mind, active measures are being taken to reduce dependency on fossil fuels, wherever it is possible.  In recent years, the sales of electric vehicles have been surging, which, in turn, has resulted in the high demand for EV charging stations.

EV charging stations are available in two types: AC charging station and DC charging station. During 2012–2015, the higher demand was for the AC charging stations. One of the reasons for their high adoption was also that they came into existence much before their DC counterparts. Most of the electricity that is supplied to users is of AC type. AC charging stations have two levels, 1 and 2. Level 1 charging stations have low charging rate and the level 2 stations provide comparatively faster charging of electric vehicles. In the coming years as well, the popularity of AC charging stations would remain higher, though DC charging stations would also witness faster growth in demand. The electric vehicle (EV) charging stations market is predicted to reach $29,683.3 million by 2022, registering a CAGR of 51.7% in the near future.

Rapidly Surging Electric Vehicle sales are Driving the Growth of the Market
The rapidly growing sales of EVs worldwide, due to the rising concerns for environmental degradation, as a result of vehicular emission, are acting as a major growth factor for the EV charging stations market. Major countries which have seen an upsurge in the electric based vehicle parc are China, Norway, and the U.S., which together account for a dominating share in the global market for EVs. China is the forerunner in the EV market across the world. Owing to the increasing number of electric vehicles in the country, the government recently announced a funding of $16 billion for the installation of EV charging stations.

Geographical Analysis of Electric vehicle Charging Stations Market
Globally, the EV charging stations market is expected to witness the fastest growth in the APAC region during the forecast period. This can mainly be attributed to the growing sales of EVs in countries such as Japan and China. Additionally, governments of many countries in the APAC region are planning to replace a substantial portion of conventional vehicles with battery electric ones in the near future, along with providing subsidies for deploying electric vehicle charging stations.

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Competitive Landscape of EV Charging Stations Market
In recent years, many small players providing charging stations for electric vehicles have emerged. Additionally, giant manufacturers of EVs and charging stations are collaborating with these players for faster deployment of EV charging stations. Some of the leading players in in the global EV charging stations market are Chargemaster Plc., Efacec Electric Mobility S.A., Tesla Inc., ClipperCreek Inc., General Electric Company, Chargepoint Inc., Schneider Electric SE, and ABB Group.
In October 2015, Leviton introduced an easy-to-use level-2 electric vehicle charging station, the Evr-Green Mini charging station. It comes in standard and optional versions, the former having a 12-foot wire and the latter an 18-foot wire option for providing flexibility in mounting location.
Some of the other players in the industry are Signet EV Inc. and AeroVironment Inc.

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How are Expanding Construction and Automotive Industries Driving ASEAN Air Compressor Market?

From garnering $902.9 million in 2018, the ASEAN air compressor market is predicted to generate $1,126.9 million by 2024, witnessing a 3.6% CAGR during the forecast period (2019–2024). A shift toward energy-efficient air compressors, flourishing automotive industry, and increasing construction activities are influencing the market positively.

ASEAN, short for the Association of Southeast Asian Nations, has Vietnam, Laos, Cambodia, Brunei, Thailand, Singapore, Myanmar, the Philippines, Indonesia, and Malaysia as its members. A mechanical device which is used for increasing the air pressure by reducing its volume is termed as an air compressor.

An inclination toward oil-free compressors can be observed in the ASEAN air compressor market. Industries such as oil & gas, automotive, textile, food & beverage, power, chemical, and manufacturing use compressors in high numbers.

Based on lubrication, the ASEAN air compressor market is bifurcated into oil-flooded and oil-free. In 2018, the larger value share in the market was accounted for by oil-flooded compressors all throughout the historical period (2014–2018) due to their high demand across various industries owing to their ability to provide high pressure.

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In the food & beverage industry, for product packaging and handling, oil-free compressors are being used. Further, due to their lower discharge pressure, these compressors consume approximately 6.0% less energy than the oil-flooded type, therefore are high in demand.

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How is Increasing Amount of Electronically Stored Information Driving Demand for eDiscovery?

The volume of electronically stored information (ESI) is predicted to witness a growth of about 65.0%–70.0% per year in large organizations. This would be due to the increasing use of social media and advanced data repositories such as tablets and smartphones within organizations’ ecosystem. Several businesses are accepting social media platforms for engaging directly with their customers. This is leading to the increasing volume of data online, which can be usable in litigation.

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When a request is made for data production in a lawsuit or investigation, eDiscovery solutions help in collecting, identifying, and producing the ESI. Emails, presentations, databases, audio and video files, websites, social media, documents, and voicemails are all included in ESI. In 2016, the eDiscovery market valued $8,285.0 million and is expected to witness a double-digit growth in the near future. Geographically, North America contributed about 70.0% share to the market in 2016. This was due to the stringent policies and compliance regulations in Canada and the U.S. Furthermore, the enforcement of antitrust law due to the political changes and technological advancements in the U.S. is responsible for the increasing requirement for eDiscovery solutions.

On the industry front, the government sector has been the largest user of such solutions, which is a major driver for the eDiscovery market growth. The governments and their adjacent industries deal with large volumes of commercial and citizen data, and the rapid growth of the digital age and technology transformations are resulting in the rising demand for secure storage of critical information.

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The emergence of predictive coding is another breakthrough that is leading to the growing demand for eDiscovery solutions. This technology is a cultured statistical algorithm that categorizes the attributes of irrelevant and relevant documents, when a review is being conducted of a small subset of documents. Predictive coding provides a lawyer with the expert knowledge of a case through an iterative training process. The system refines the traits of relevant vs irrelevant documents until the system itself can determine no more continued training; this is done in accordance with the designation of the lawyer. This strategy provides clients with the best possible value through the delivery of a higher review quality under a low-cost framework. To make use of this technology, the requirement for the eDiscovery is growing among lawyers. 

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