How is Rising Prevalence of Infectious Diseases Driving Hospital-Acquired Infection Diagnostics Market?

One of the major causes of morbidity and mortality in hospitalized patients presently are hospital-acquired infections (HAI), according to the World Health Organization. Also known as nosocomial infections, HAIs are mostly caused due to bacteria. As antibiotics are utilized frequently within hospital settings, the types of bacteria and their resistance to antibiotics is different than that of bacteria outside of the hospital. HAIs result in an enormous rise in the cost of the hospital care and further leads to the emergence of new health hazards for the community. 

While some advances have been made when it comes to controlling infections spreading in hospitals, advancements in therapeutics and biomedical technology are further producing larger number of highly susceptible patients. Ascribed to this, the need for HAI diagnostics is increasing rapidly. According to a report by P&S Intelligence, in 2016, the global hospital-acquired infection diagnostics market attained a value of $2,657.6 million and is expected to reach a value of $4,386.6 million by 2023, progressing at a 7.6% CAGR during the forecast period (2017–2023). The products used for diagnosing HAIs are instruments and reagents & consumables, between which, the demand for reagents & consumable was higher due to the expansion in the molecular diagnostic testing volumes. 

The diagnosis of these infections is done using urinalysis, immunoassay, and molecular diagnostics tests. Because of the rising prevalence of HAIs such as surgical site infections, UTIs, bloodstream infections, and gastrointestinal infections, the demand for immunoassay test was the highest in the past. Apart from this, the utilization of molecular diagnostics is expected to increase significantly in the coming years, on account of the growing awareness and acceptance of personalized medicines, surging prevalence of infectious diseases, and growth in the biomarker identification. In 2017, the largest number of HAIs were caused in hospitals. 

Hence, the demand for HAI diagnosis is rising because of the rising prevalence of infectious diseases and technological advancements. 

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What Is Government’s Role in India Coding and Marking Systems Market Growth?

Strict regulations are imposed on food and beverage and pharmaceutical companies, which mandate them to mention all product details on the secondary or primary packaging. As a result, the Indian coding and marking systems market will grow to $136.5 million in 2030 from $49.8 million in 2019, at a 9.8% CAGR between 2020 and 2030, as these systems are used to print such information on the product packaging.

Moreover, in several industries where numerous components are assembled together to make the final product, the components need to be tracked and monitored throughout the supply chain. This not only helps manufacturers know where the components are but also keep a check on counterfeiting. This is another driving factor for the Indian coding and marking systems market, as these systems are used to print anti-counterfeit codes and other information on the final products and their various components.

The COVID-19 pandemic has negatively affected the Indian coding and marking systems market due to the closing down of manufacturing facilities. Since these systems are widely used by chemical, electrical and electronics, and automotive companies, the shutdown of their plants, in compliance to the lockdown measures, reduced the demand for them.

India Coding and Marking Systems Market Segmentation Analysis

The continuous inkjet category held the largest share in the Indian coding and marking systems market in the past, based on technology. Continuous inkjet coders and markers print at a high speed, and they can operate on a wide range of surfaces and materials, which increases their utility for users. Moreover, these systems can run continuously, with minimal requirement for servicing, therefore offer cost advantages.

The most prominent companies in the Indian coding and marking systems market are Dover Corporation, Danaher Corporation, Control Print Limited, Domino Printing Sciences plc, RYNAN Technologies Pte Ltd., and Hitachi Ltd.

Key Findings of India Coding and Marking Systems Market Report

• Stringent packaging regulations increasing demand for coders and markers

• Coding and marking systems also being used to track products through supply chain

• Growing packaging and manufacturing sectors driving market growth

• TTO technology to witness fastest rise in popularity among users

• Market consolidated owing to presence of handful of players

• Digital printing solutions are key market trend

Source: www.psmarketresearch.com

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What are Key Factors Driving the Growth of Negative Pressure Wound Therapy Market?

The rising prevalence of burn cases in several countries is the major factor pushing the demand for negative pressure wound therapy (NPWT) across the world. As per the statistics published by the World Health Organization (WHO) in 2018, around 180,000 deaths occur every year due to burns, most of them in middle- and low-income countries. In India, more than 1,000,000 people suffer from moderate or severe burns every year. Moreover, in countries like Egypt, Bangladesh, Colombia, and Pakistan, 18% and 17% of the children with burns have permanent and temporary disability, respectively. 

Driven by the above-mentioned factors, the global negative pressure wound therapy market attained a value of $2,057.1 million in 2018. The market is expected to reach revenue of $3,001.3 million by 2024, with a CAGR of 6.6% during the forecast period (2019–2024). NPWT is widely used in the treatment of chronic and acute wounds. Of these, chronic wounds are expected to record the higher use of NPWT during the forecast period, owing to the rising occurrence of obesity, cardiovascular diseases, and diabetes, mainly on account of the sedentary lifestyle; all these diseases result in long-lasting wounds.

The biggest rage currently being observed in the NPWT market is the increasing popularity of advanced wound therapies over the traditional ones, throughout the world. This is mainly attributed to the faster patient recovery and healing offered by the advanced therapies as compared to the conventional therapies. According to an article published by the National Center for Biotechnology Information in 2018, NPWT is better for wound care, as it enhances collagen and protein production and reduces bacteria colonization in patients, which is why it is gaining popularity across the world.

Hence, owing to the soaring geriatric population across the globe, increasing incidence of chronic ailments, and rapid advancements in wound treatment products, the demand for negative pressure wound therapy is expected to witness tremendous growth in the coming years.

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Why Is Hepatitis C Most-Dreaded Type of Hepatitis Infection?

Hepatitis is a common condition around the world that most-prominently causes the liver to swell. There are several risk factors for this condition, including alcohol and drug usage and several infections. However, the most-common cause is the five hepatitis viruses: A, B, C, D, and E, themselves. These viruses can be transmitted into the host via contaminated food and water, infected blood and semen (via sex), unsterilized medical equipment, such as needles and catheters, and in utero.

Mostly, the condition is acute and the symptoms mild, generally consisting of yellow skin, urine, and sclera (jaundice); fever, body ache, loss of appetite, and malaise. However, chronic hepatitis can lead to liver cirrhosis and even liver cancer; therefore, the awareness on catching the condition early and effectively treating it is rising. As per P&S Intelligence, due to such factors, the hepatitis drugs market value is predicted to increase sharply in the next few years.

Of all these types of viral hepatitis infections, the demand for drugs has been the highest for hepatitis C. This is because acute forms of all these diseases do not require treatment, and only the chronic forms do. Hepatitis A and E rarely transition into chronic conditions, whereas only 10–40% of the people with hepatitis B actually require hospitalization. Additionally, by treating hepatitis B, hepatitis D is also treated and its risk reduced, as the hep D virus cannot replicate inside the body without the hep B virus. Hep C, on the other hand, often transitions into a chronic condition, ultimately leading to cirrhosis liver cancer, and hepatic failure; therefore, the idea behind the treatment of hep C is always a complete cure.

 

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Asia-Pacific Osteoporosis Drugs Market To Prosper in Coming Years

The osteoporosis drugs market is observing the trend of increasing awareness about the disease and its possible management and treatment methods. With the rising incidence of osteoporosis, many organizations are focusing on creating awareness among the masses regarding it via various campaigns and programs. For instance, the International Osteoporosis Foundation has tasked itself with making people aware about the disease as well as bone health. For the same purpose, Nestlé partnered with the foundation to spread awareness about the preventive measures for osteoporosis.

The major factor contributing to the growth of the osteoporosis drugs market is rapid urbanization, leading to drastic changes in the environment and people’s lifestyle. As per the World Health Organization figures, currently over 50.0% of the world’s population resides in urban areas, which is expected to grow to 70.0% by 2050. Urbanization at such a large scale has left a negative impact on the environment, as a result, affecting people’s health. Unhealthy habits, such as inadequate physical activity, smoking, tobacco and alcohol consumption, and low calcium diet, also affect the bone health.

Access Detailed Report - Osteoporosis Drugs Market Revenue Estimation Report

The osteoporosis drugs market is witnessing growth due to another major factor, i.e. the rising osteoporosis prevalence in post-menopausal women. In women, bone growth is influenced by estrogen, a key hormone in their body. The rapid decline of estrogen in post-menopausal women causes increased bone resorption without an increase in bone formation, which eventually results in decreased bone strength and bone loss. The International Osteoporosis Foundation reported that post-menopausal women are susceptible to fragility fractures, and one in three such women may suffer from fracture once in their lifetime.

Hence, with more people falling prey to this degenerative disease, the market for osteoporosis drugs would continue to flourish.

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Growing Electric Vehicle Production Boosting Demand for Automotive Batteries

With the growing number of people on earth, automotive production and sales continue to surge. Due to this, among their various components, the demand for batteries is booming too. Every vehicle, whether it runs on electricity or diesel or petrol (gasoline), requires a battery. Thus, the automotive battery market will have a rather prosperous future, says market research firm P&S Intelligence. Presently, since electric vehicles (EVs) are all the rage, the integration rate of batteries in them will shoot up.

Automotive Battery Market Report 2021

Compared to an internal combustion engine (ICE)-based vehicle, an EV requires a much-larger and -powerful battery because this component is its main power plant (in case of battery electric vehicles [BEVs]). Moreover, apart from powering the motor, the battery supplies electricity to all the auxiliary components and systems, including lights, heating, ventilation, and air conditioning (HVAC) systems, advanced driver assistance systems (ADAS), navigation and entertainment units, and digital dashboards.

Automotive batteries are generally available in two broad chemistries: lithium-ion (Li-ion) and sealed lead–acid (SLA). Of these, SLA batteries have been more popular till now because they have been available for ages and are cheap. But, their energy density isn’t as high, which becomes a problem for EVs, while their disposal also has environmental issues. Thus, with the growing demand for sustainable mobility, Li-ion batteries have begun gaining preference. 

Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/automotive-battery-market

With such advancements taking place in the electric mobility ecosystem, Asia-Pacific (APAC) has been the largest automotive battery market till now, and the situation will remain unchanged in the coming years. Driven by strong environmental concerns, strict emissions regulations, and supportive regulations, China has been the world’s largest EV and automotive battery manufacturer for ages, and it is also the one that buys them in the largest numbers. Similarly, India is home to the largest electric rickshaw fleet, which again creates a high demand for SLA and Li-ion batteries.

Hence, with the booming EV sales, the demand for automotive batteries will keep rising.

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Why Are Companies Adopting Software-Defined Approach for Their WAN?

Every modern office today has a local area network (LAN), which connects all the computers in the office space together, thus making data sharing possible. When more than two LANs are connected, as is often the case with companies that have more than one office, the setup is known as a wide area network (WAN). Though WANs are essential for multi-location organizations, the increasing internet traffic has made their traditional architecture expensive to maintain.

This is because any kind of traffic has to be first identified, inspected, and secured (known as backhauling), which, in traditional WANs, is done via multiprotocol label switching (MPLS). In such a setup, numerous routers and endpoints need to be interconnected, which makes the overall IT setup expensive and complicated. Thus, the rising need for reduced IT expenditure is set to propel the software-defined WAN (SD-WAN) market value from $1.4 billion in 2019 to $43.0 billion by 2030, at a robust 38.6% CAGR between 2020 and 2030, says P&S Intelligence.

 

This is because an SD-WAN connects all the endpoints and routers across a WAN at one central point and automatically identifies, measures, and inspects the traffic and distributes it over a company’s server. Moreover, this architecture reduces the backhauling delay and latency associated with traditional WAN. In addition, the software-defined architecture can be deployed over conventional broadband and 4G LTE connections, which are cheaper to obtain and operate than MPLSs.

Further, with the emergence of cloud-based SD-WAN, the cost of such solutions has come down even more. And, with cloud-based software-defined networking (SDN), the software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS) platforms also receive support. Thus, with organizations around the world rapidly shifting to the cloud for reduced IT costs, scalability, and 24/7 access, cloud-based SD-WAN is set to gain widespread popularity in the coming years.

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