How will Increasing Livestock Propel Growth of Protein Extracts from Single Cell Protein Sources Market in Asia-Pacific till 2023?

 Soaring number of initiatives by governments and private organizations for creating awareness amongst the people about the health and environmental benefits of alternative protein sources is one of the major factors responsible for the rise in the demand for protein extracts from single cell protein sources across the world. For instance, Valensa International, which is a major producer of microalgae-based nutraceuticals launched an alliance with a U.S. based trade organization called Algae Biomass Organization (ABO) in 2017 in order to create awareness amongst the masses about the consumption of microalgae as an alternative protein source.  

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The surging population of livestock and cattle including sheep, goat, and buffalo, has boosted the production of animal feed, which has in turn, propelled the need for animal protein. As per the International Feed Industry Federation (IFIF), the total worldwide production of compound feed was recorded to be 1.0 billion tonnes in 2016. Therefore, it can be said that owing to the increasing production of compound feed, the production of protein from various alternative sources such as animals, microbes, and plants will also increase in future. 

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The Asia-Pacific (APAC) region is expected to register the fastest growth in the demand for protein extracts from single cell protein sources in the near future. The main factors responsible for this rapid growth are the escalating production of livestock and the subsequent rise in the need for animal feed. The consumption rate of protein is high in the region, owing to the high livestock production rate and this consequently pushes the demand for alternative protein sources, thereby driving the growth of the protein extracts from single cell protein sources market in the region. 

Therefore, it can be said with full surety that owing to the increasing consumption of protein by livestock, animals, and people and increasing awareness amongst the masses about alternative protein sources, the demand for protein extracts from single cell protein sources will boom in future.

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Solar Panel Sales Set to Climb in Asia-Pacific in Coming Years

Since the last few years, there has been a drastic shift toward the adoption of solar energy in various commercial, residential, and industrial applications across the world. This is mainly because of the environment-friendly characteristic of solar energy and the rising awareness amongst the public about the environmental degradation caused due to the burning of fossil fuels for power production. Furthermore, the rising implementation of government incentives in several countries for promoting the usage of solar panels, and the declining costs of key parts are boosting the sales of solar panels across the globe.

In addition to the aforementioned factors, the surging adoption of energy storage grid and the rising requirement of photovoltaic panels in the rooftops of residential buildings are also boosting the demand for these panels all over the globe. As a result, the global market for solar panel is predicted to demonstrate huge expansion during the coming years. Concentrated solar power systems and photovoltaic cells are two main types of solar panel technology used across the world. Of these, the adoption of concentrated solar power systems will increase at a faster rate in various applications in the future years.

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Additionally, the usage of low concentrated photovoltaic systems and high concentrated photovoltaic systems will increase tremendously over the next few years. Solar panels are widely used in power utilities and also in various industrial, residential, and commercial buildings. Out of these, the usage of these panels is predicted to be significantly high in residential applications in the upcoming years, mainly because of major government support in many countries, primarily in the form of investments and helpful policies. 

In the near future, the Asia-Pacific solar panel market is predicted to be very lucrative, according to the forecast of P&S Intelligence, a market research firm based in India. This is credited to the declining costs of solar modules, increasing public awareness of energy efficiency, and the enactment of favorable regulations and policies by the governments of several APAC nations. Furthermore, the increasing government initiatives being taken, in the form of feed-in-tariffs and subsidies on PV systems and the increasing solar power-producing capacity will lead to high sales of solar panels in the region in the forthcoming years.

Thus, with the growing popularity of solar energy and the increasing government support for the installation of solar power systems, the sales of solar panels will shoot-up all over the world in the years to come.

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How is Rising Use of mHealth Driving North American Patient Engagement Solutions Market?

The ballooning usage of mobile health solutions is pushing up the requirement for healthcare apps. Moreover, these solutions are fueling the surging adoption of e-prescriptions and electronic health records (EHR), that use cloud for storing health data. Because of this reason, the growing usage of mobile health solutions is positively impacting the demand for cloud-based patient engagement solutions in North America. As per a study conducted by the Pew Research Center, around 77% of Americans are smartphone users.

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The increasing population of geriatric people is pushing up the requirement for technologically advanced healthcare and medical solutions, on account of the fact that the geriatric people are highly vulnerable to various chronic diseases and are usually not able to travel frequently for medical treatment. Cloud-based patient engagement solutions are allowing them to seek healthcare and remain connected with medical practitioners at all times without physically traveling to the healthcare facilities. 

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As per the 2017 World Aging Population report produced by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people in the age bracket- 60 years or above in the U.S. was 69.7 million in 2017. Moreover, as per the report, this number is predicted to increase to 108.4 million by 2050. This will massively boost the demand for patient engagement solutions in the country in the coming years. 

Web-based, cloud-based, and on-premises are the main three types of methods via which the patient engagement solutions are deployed in the region. Out of these, the usage of web-based delivery mode is predicted to be the highest in the forthcoming years. This would be because the web-based delivery mode can be easily accessed both offline and online, unlike the cloud-based one, which requires the availability of high-speed internet for access. 

The North American patient engagement solutions market recorded the highest growth in the U.S. in the years gone by and this trend is predicted to continue in the upcoming years as well. The rapid market advancement in the country will be driven by the existence of advanced and well-established healthcare infrastructure, the increasing presence of numerous healthcare IT solution providing organizations, and the growing incidence of chronic diseases in the country.

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Respiratory Care Device Procurement on Historic High during COVID Times

Asthma affects 235 million people around the world, while 210 million suffer from chronic obstructive pulmonary disease (COPD). The key risk factors for these and other respiratory diseases are air pollution, tobacco smoking, genetic factors, and certain pre-existing conditions. Thus, with the increase in the number of patients suffering from such disorders, the footfall at primary-, secondary-, and tertiary-care hospitals is increasing. As a result, pulmonology departments are getting bigger and bigger, with more pieces of equipment and a larger staff.

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P&S Intelligence says that due to such factors, the respiratory care device market will likely grow to $28.2 billion by 2022 from $15.0 billion in 2015, at a 9.5% CAGR between 2016 and 2022. Such devices are not only found in pulmonology departments, but almost everywhere in a medical center, including patient rooms, operating rooms, observation rooms, diagnostic laboratories, sleep laboratories, intensive care units (ICUs), and emergency rooms. This is because breathing issues are not limited to those suffering from a specific respiratory disorder, but to patients with several types of diseases, those undergoing surgeries, and those in trauma centers.

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Though after the COVID crisis is over, the procurement might slow down, but it will certainly not stop, because the patient footfall due to other reasons will start picking up. For instance, in emergency care settings, patients often display labored breathing or none at all, which is why ascertaining the functioning of the lungs is important. For this, capnographs, pulse oximeters, and gas analyzers are widely used. Similarly, even during and after surgery, many patients are supplied oxygen via mechanical means, as they are often unable to breathe on their own.

On account of the rising prevalence of respiratory disorders, COVID-19 presently, North America is expected to remain the most-significant respiratory care device market in the years to come. In March 2020, President Donald Trump enforced the Defense Product Act of 1950, which empowers the Federal government to force private companies to produce medical equipment. Moreover, the incidence of cardiac diseases is also rather high in the region, which is a key factor driving the hospitalization rate here. In addition, the concrete framework for medical reimbursement in the region allows most people to avail of expensive healthcare services, including those that involve the usage of various respiratory care devices.

Thus, with the rising hospitalization rate, the demand for different types of respiratory care devices will also increase.

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Rising Prevalence of Cancer Augmenting Demand for Cell Isolation

The ballooning requirement for biopharmaceuticals such as recombinant proteins, biosimilars, and monoclonal antibodies, is pushing up the demand for cell isolation methods across the world. These biopharmaceuticals are extensively used for treating various chronic diseases such as cancer. Because of this reason, the growing incidence of cancer is positively impacting the worldwide sales of biopharmaceuticals. Monoclonal antibodies are increasingly being used for treating cancers as they target the antigens and the irregular pathways that are usually present in cancers.

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Due to the aforementioned reasons, the usage of biopharmaceuticals is rising rapidly. This is, in turn, propelling the popularity of cell isolation methods. The cells are mainly obtained from plant, animal, and human sources and thus, need a highly scrutinized filtration system for preventing contamination from bacteria and viruses. This enhances the quality of treatment. Apart from this, the soaring research on personalized medicine is also fueling the demand for cell isolation methods.

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Due to the aforementioned factors, the requirement for cell isolation techniques is growing rapidly around the world. This is fueling the expansion of the global cell isolation market. Instruments and consumables are the main two types of products used in cell isolation methods. Between the two, the usage of consumables was found to be higher during the last few years. This was because of their requirement for conducting the cell isolation process.

Hence, it can be said with confidence that the demand for cell isolation procedures will shoot-up across the world in the future years, on account of the rising incidence of chronic diseases such as cancer and the surging investments being made in stem cell research around the world.

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How Is Production of Lightweight Vehicles Boosting Sales of Automotive NVH Materials?

Automotive noise, vibration, and harshness (NVH) materials are substances or agents that can reduce or block NVH originating from automobile parts, such as steering wheel, engine box, accelerator, brake paddles, armrest, steering wheel, and floor and seat, of a vehicle. Automakers use rubber, metal sheet, polyvinyl chloride (PVC), felt, resins, cork, and fiberglass to reduce or block NVH at the places where it is sensed. Among these, rubber has been accepted as an ideal NVH material, due to its high density and uniformity.

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Additionally, the largescale production of lightweight vehicles has increased the consumption of NVH materials, globally. Customers have increased their preference for lightweight vehicles, as these automobiles help in saving energy, reducing brake and tire wear, cutting down emissions, improving fuel economy, and controlling NVH. Thus, the surging demand for these automobiles will fuel the automotive NVH materials market at a CAGR of 7.2% during 2018–2023. According to P&S Intelligence, the market was valued at $7,579.8 million in 2017 and it is expected to reach $11,467.5 million by 2023.

Depending on application, the automotive NVH materials market is classified into insulation, vibration damping, and sound absorption. Amongst these, the sound absorption category is predicted to register the highest growth in the market in the future years. This would be because of the generation of numerous complaints of annoying and unwanted noise from various automobile parts across the globe. Geographically, the market recorded the highest growth in the Asia-Pacific region in the past. 

Moreover, to cater to the accelerating demand for automotive NVH materials from different regions, the key market players, such as DowDuPont Inc., Borgers SE & Co. KGaA, Huntsman Corporation, Mitsui Chemicals Inc., Exxon Mobil Corporation, 3M Company, Sumitomo Chemical Company Limited, Covestro AG, BASF SE, and Lanxess AG, are focusing on developing advanced materials for the automobile sector. For example, Covestro AG has implemented high-tech materials like polycarbonate and polyurethane to reduce unwanted vibration and sound in vehicles.

Thus, the largescale adoption of lightweight vehicles and the development of new materials by the key players will boost the adoption of automotive NVH materials in the coming years.

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Why Are Developing Countries Making Fire Extinguishers Mandatory?

Every year, more than 180,000 people die of burns, according to the estimates of the World Health Organization (WHO). Moreover, as per the agency, “…the vast majority occur in low- and middle-income countries.”, which is attributed to the lax or non-existent fire safety standards in many developing and under-developed countries. In contrast, North America and European countries have stringent regulations regarding fire safety, which help avert numerous serious disasters each year.

As a result of both these factors, P&S Intelligence expects the market for fire extinguishers to grow from $4,487.0 million in 2017 to $6,452.3 million by 2023, at a 6.2% CAGR between 2018 and 2023. This is because a fire extinguisher is the basic that people and buildings can have to avert disasters. All types of buildings, be it industrial, residential, or commercial, in most of the developed countries are mandated to have such equipment on all floors.

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Coupled with the rampant construction activities, the surging awareness on fire safety and implementation of related rules, are expected to make Asia-Pacific the fastest-growing fire extinguishers market in the years to come. For instance, in India, all newly constructed buildings, be it apartment complexes, schools and colleges, office buildings, or hospitals, are mandated to have fire extinguishers. Moreover, to increase the awareness on fire safety, several government and private organizations conduct seminars and drills across the country, where the dos and don’ts in case of fire and instructions to operate an extinguisher are conveyed.

Hence, with the increasing construction activities around the world in response to the booming population and need to give it better facilities, coupled with the steps being taken to reduce the burn-associated mortality, sales of fire extinguishers will keep increasing.

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