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

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


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

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

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

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

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

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

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

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

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

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


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Booming Logistics Industry Driving Demand for Diesel Exhaust Fluid

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

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

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

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

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

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

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

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

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

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

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

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

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Why Is Medical Sector Increasing Its Reliance on Polytetrafluoroethylene?

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

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

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

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

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

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Why Do Medical Centers Require Specialized Patient Handling Equipment?

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

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

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

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

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

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

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

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

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

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

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

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


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