Increasing Consumer Awareness Fueling Organic Personal Care Products Sales

Organic personal care products are primarily derived from natural sources, such as flowers, herbs, leaves, plant roots, essential oils, and barks. The natural components are combined with naturally occurring preservatives, emulsifiers, carrier agents, humectants, and surfactants. These natural ingredients induce anti-oxidation property and offer skin immunity to personal care products, such as skincare, oral care, and hair care products and color cosmetics. Among the various types of products, customers mostly opt for organic skincare products, due to the rising concerns regarding skincare and anti-aging. 

In recent years, the increasing awareness among customers regarding advantages of organic personal care products over synthetic products has supported the progress of the organic personal care products market. Additionally, the surging population of working-class women in emerging economies, such as India, China, and Brazil, will also fuel the consumption of such products in the coming years. According to the World Bank, in 2019, around 22.26% of the female population in India, within the age group of 15–64 years, were a part of the workforce of the country.

According to P&S Intelligence, the APAC organic personal care products market will advance at the highest rate in the foreseeable future. This will be due to the soaring popularity of and concerns regarding hair and skincare products in India and China, and increasing disposable income of the people. Among APAC nations, Japan consumes organic personal care products at a considerable rate, due to the aging population that requires cosmetics in large quantities. 

Thus, the surging customer awareness about organic products and the booming women workforce will augment the usage of organic personal care products in the coming years.  

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Increasing Importance of Catheters and Bands for Heart Patients

Catheters are thin tubes that are used in diagnostic procedures and surgical interventions. These tubes are also used to analyze and treat impaired target sites by eliminating the damaged tissues or unblocking the blocked blood vessels. Whereas, bands aid in maintaining homeostasis to impede radial artery occlusion. Bands are applied to post-procedure sites to supply direct pressure and are taken off before patients are discharged from healthcare units. Both these medical products are used in transradial and transfemoral procedures. 

These products are being used in large quantities in countries like India, Nepal, Bangladesh, and Sri Lanka, on account of growing geriatric population and improving healthcare infrastructure. For example, the United Nations Department of Economic and Social Affairs (UNDESA) estimates that the population of people aged 60 years or above in India will reach 324 million by 2050. The surging population will accelerate the 

At present, the leading players like Terumo Corporation, Smiths Group plc, Merit Medical Systems Inc., Global Surgimed Industries, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health Inc., Teleflex Incorporated, Sahajanand Medical Technologies Private Limited, and Relisys Medical Devices Limited are offering different types of bands and catheters in India, Sri Lanka, Nepal, and Bangladesh. These companies are focusing on product launches and geographical expansion to increase their customer base in these countries.

According to P&S Intelligence, India led the catheters and bands market in 2018, and it is also expected to retain its dominance in the coming years. This can be attributed to the escalating geriatric population, improving healthcare system, and rising prevalence of cardiac disorders. Moreover, the presence of established market players has escalated the adoption of catheters and bands in the country. In the coming years, south region in India is expected to consume significant quantity of these medical products, due to the highest cases of cardiovascular diseases (CVDs) in this region. 

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Solar-Powered Vehicles: The New Electric Mobility Trend

The 21st century is definitely the time of electric mobility, with countries around the world taking numerous initiatives to embrace it. Globally, purchase subsidies are being offered, taxes are being reduced, and even dedicated parking lanes are being offered to encourage people to go for electric vehicles (EVs). Now, while these efforts are bearing fruit, they are also creating a problem. In a world already starved of energy, the growing number of EVs is only going to make this problem worse, by further driving the demand for electricity.

This creates another problem; still, the majority of the electricity, especially in developing countries, is produced from fossil fuels. In its latest report, the International Energy Agency (IEA) says, “The share of renewables in electricity generation is projected to increase to almost 30% in 2021.”, meaning that 70% of the energy will still be produced from natural gas, coal, and oil. As per P&S Intelligence, these apparent disadvantages of the growing EV stock around the world would be the key drivers for the solar powered vehicles market in the years to come.

This is because by integrating solar panels into the vehicles themselves, the need for procuring electricity from a secondary source is eliminated. Already, the photovoltaic (PV) technology has been the preferred way to generate renewable energy, with the IEA saying, “Renewables are set to provide more than half of the increase in global electricity supply in 2021.” This is because of the cost-efficiency and good understanding of the PV technology, which is why it is being extensively experimented upon for running automobiles.

Thus, one of the key prerequisites for the growth of the solar powered vehicles market would be a sharp drop in the price of PV panels. Thanks to the pandemic-induced lockdowns, production surge in China, and emergence of efficient monocrystalline PV panels in 2019, their prices have witnessed a sharp decline. As per an article published on Forbes in September 2020, the price of solar panels fell from $0.63 per Watt in the first quarter of 2016 to $0.21 per Watt by the first quarter of 2020.

Thus, combined with the continuous research and development (R&D), the declining price of this technology could spell a fortune for solar-powered vehicles.

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Corrugated Packaging Materials Preventing Environmental Degradation

Corrugated packaging materials are being used in large quantities in the electrical and electronics industry, owing to the increasing consumption of consumer electronics that demands packaging in lightweight micro- and fine-flute corrugated configurations. Besides, the expansion of the e-commerce sector will also amplify the sales of such materials, as it has become the most convenient and affordable option for purchasing electronic devices. With the rising demand for consumer electronic goods, the consumption of these packaging materials will escalate in the coming years.

Additionally, the increasing applications of these materials in the processed food industry will accelerate the corrugated packaging market at a CAGR of 3.7% during forecast period. According to P&S Intelligence, the market value will rise from $237.5 billion in 2017 to $294.3 billion by 2023. Packaging of processed food items require flexible and secure packaging solutions to ensure convenience and product safety to consumers. Manufacturers across the world are developing innovative paperboard packaging solutions to meet the surging demand for lightweight and easy-to-use packaging materials for the processed food sector.

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The electrical and electronics and processed food industries are increasing their reliance on corrugated packaging, as it is made up of natural materials and is one of the most cost-effective packaging solutions for these sectors. Since these materials are developed from natural ingredients, they have the highest recycling rate in comparison to the other packaging materials. In recent years, regulatory and government bodies have raised numerous concerns regarding sustainability and environment. Owing to these reasons, end-use industries are switching to environment-friendly packaging materials for packaging their products.

Geographically, the Asia-Pacific region dominated the corrugated packaging market in the past, due to the escalating influence of the west and increasing shift toward retail ready-to-eat food. The hectic lifestyle of people and rapid urbanization in the region have fueled the adoption of durable and non-durable goods. In recent years, India and China have observed significant rise in the consumption of processed foods, therefore, creating high demand for these materials. Moreover, largescale export of automotive parts and consumer electronics from China and Japan have boosted the usage of the materials in APAC.

Thus, the growth of the processed food, electrical and electronics, and e-commerce sectors will lead to the largescale consumption of corrugated packaging materials, globally.

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Rising Awareness Propelling Sales of Baby Care Product

Compared to 490,292,000 during 1950–1955, 701,278,000 births took place around the globe during 2015–2020, as per the United Nations (UN). Raising babies is a lot of effort since they are helpless and completely dependent on grownups for at least a couple of years. Even after being weaned off the breastmilk, it takes some time for them to be able to ingest proper food. Similarly, their sensitive skin demands the highest level of hygiene and cleanliness. However, the soaps and other bathing and sanitary products used by adults are often harsh on babies’ skin, which is why the latter need specially formulated products.

Thus, the increasing awareness on these issues has given birth to the baby care products market, which, as per P&S Intelligence, has a rather bright future ahead. Apart from the rising birth count, the decreasing child mortality rate is also leading to the growing demand for such products, as this means that more babies are surviving. According to the UN, from 12.494 million and 5.014 million in 1991, the number of under-five-year-old and newly born children dying dropped sharply to 5.189 million and 2.44 million, respectively, in 2019.

Further, supermarkets and hypermarkets have started offering baby care products with an organic profile. Even though conventional products are created keeping children’s sensitive bodies in mind, they still contain chemicals, which can be harmful at times. Therefore, the demand for products containing organic ingredients is rising, as they are comparatively less harmful to the baby skin. Though these products are often more expensive than conventional ones, people are buying them aided by their increasing purchasing power.

Those who cannot yet afford premium products are going for mass products, which account for the higher sales. This is because most of the people on earth fall in the low- and middle-income groups, especially in developing countries. Overall, Asia-Pacific (APAC) is expected to witness the fastest growth in the baby care products market because of its vast population and high birth rate. Moreover, lifestyle magazines, social media, awareness campaigns, and TV shows are increasing the knowledge of people on this issue, which is why more of them are now focusing on childcare.

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Thus, with people’s rising awareness on baby care and their increasing income, the demand for the associated products will shoot up.

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Skin Replacement and Substitutes Market to Witness Robust Growth in Coming Years

 Over 180,000 people are burned to death every year, the World Health Organization (WHO) had estimated in 2018. Additionally, burns are the leading cause of disability-adjusted life years (DALY) in low- and middle-income countries. Such incidents often lead to nasty scars, as the skin peels or melts. In severe cases, the skin is damaged so much that it is unable to heal or grow back on its own, which results in skin grafting procedures.

Thus, with the increasing incidence of burn injuries, the skin replacement and substitutes market, which valued $838.0 million in 2018, is predicted to grow to $1,202.2 million by 2024, at a CAGR of 6.3% during 2019–2024 (forecast period). The usage of such products helps close and mend the wound as well as reduce the pain, which is why they are witnessing a rising adoption around the world. There are two primary types of skin replacement and substitute products available — cellular and acellular — of which the acellular variants are more in demand, as they can be used for excised and superficial wounds, even in pediatric patients. 

All the cellular and acellular products are further segregated as class I, II, and III. Of these, class III products account for the widest adoption, as they can effectively mend the dermis as well as the epidermis, which makes them suitable for ulcers, burns, and numerous other kinds of wounds. Ulcers, in particular, can result in the loss of the entire epidermal layer, as well as the dermal layer and subcutaneous fat, in severe cases. If left untreated, skin ulcers can morph into full-blown gangrene, the treatment for which is amputation, which is why an increasing number of people are seeking treatment for them. 

Another reason for the rising demand for such products is the growing disposable income of people around the world. According to the World Bank, the worldwide gross domestic product (GDP) per capita surged from $8,820.013 in 2009 to $11,312.555 in 2018. This rising purchasing power is enabling people to spend more on their appearance, which is why they are rapidly going for dermatological treatments, even if they are lot life-threatening, thereby leading to the surging demand for skin replacement and substitute products. 

Therefore, with more people suffering from burns and skin diseases, the demand for products which help treat the wounds will also increase. 

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How is Booming Life Sciences Sector Contributing to Growth of Pulse and Regional Oximeters Market?

Every year, 250,000 people die in the U.S. due to medical errors, as per a 2018 report published by the Johns Hopkins University. These not only impact patients and their relatives, but also hospitals, in the form of allegations of medical malpractice and ignorance. Other factors responsible for in-patient deaths are the severity of patients’ condition, underdeveloped healthcare infrastructure, primarily in emerging economies, and inadequately trained professionals. This is why, the demand for advanced medical devices is increasing across the globe, so doctors can better monitor patients. One of the most essential equipment at healthcare settings is an oximeter.

Further, these devices help determine whether supplemental oxygen is needed and also monitor the saturation under anesthetization. This is why, the use of such instruments has become a mandate, and governments of various countries are taking steps to ensure compliance. For instance, Masimo Foundation and Koninklijke Philips N.V collaborated with the Ethiopian government, in April 2016, to provide healthcare professionals in the nation with regional and pulse oximeters, especially for children and women. Later, the initiative was expanded to other countries in Sub-Saharan Africa and numerous in South Asia, where a large number of neonatal, pediatric, and maternal deaths are reported.

Around the world, North America has witnessed the widest use of these instruments, as several established companies are headquartered here, healthcare infrastructure here is more advanced than in other regions, and the geriatric population is rapidly growing. During the forecast period, the pulse and regional oximeters market growth in Asia-Pacific (APAC) would be the fastest, owing to the keen interest of device manufacturers to enter the regional market as well as the improvements in the healthcare infrastructure.

Hence, with SpO2 monitoring becoming mandatory in more countries than before and the prevalence of various chronic diseases increasing, oximeters would find an even wider application in the coming years.

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