Stable Growth Predicted in Patient Engagement Solutions Market in Coming Years

 The soaring number of government regulations and incentive programs being implemented in several countries all around the world for promoting patient-centric treatment procedures and care are the major factors propelling the demand for patient engagement solutions across the globe. 

The rising internet penetration, ballooning number of smartphone users, and development of 3G and 4G spectrums have improved the mobile platform capabilities and allowed them to offer healthcare services, and this has significantly boosted the development of patient engagement solutions. Furthermore, the adoption of value-based programs leads to enhanced health outcomes and patient satisfaction and lower healthcare costs.

The other important factor fuelling the rise in the demand for patient engagement solutions is the surging geriatric population across the world. The rising involvement of older people in healthcare decision making and various wellness activities through the incorporation of patient engagement solutions are further pushing the demand for these solutions in many regions. Due to these factors, the global patient engagement solutions market is expected to exhibit a CAGR of 16.9% during the forecast period (2018–2023). 

Globally, North America registered the highest adoption of patient engagement solutions during the historical period (2013–2017). This is credited to the presence of a huge number of healthcare information technology (HIT) solution providers, rising incidence of chronic diseases, and the existence of well-developed healthcare infrastructure, in the region. The patient engagement solutions market is expected to exhibit rapid growth in the Asia-Pacific (APAC) region in the immediate future, owing to the rising public awareness about patient engagement solutions and the increasing incidence of chronic diseases, in the region.

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Rising Road Fatalities Fueling Connected Motorcycle Demand

According to the World Health Organization (WHO), over 1.35 million deaths are caused due to road accidents globally. About 93% of these deaths occur in low-and middle-income countries, even though they only possess around 60% of the world's automobiles. Since a large number of bikers are involved in these accidents, bike manufacturers are being coerced to integrate advanced rider-assistance systems to improve their safety. In an attempt to minimize road accident cases, motorcycle manufacturers and road safety authorities are focusing on connected motorcycles, as these offer enhanced safety features.

Connected Motorcycle Market

Moreover, the surging penetration of sports and luxury bikes in emerging economies, such as India and China, and other nations of Asia-Pacific (APAC) and Latin America, Middle East, and Africa (LAMEA) will result in the progress of the connected motorcycle market during 2020–2030. The increasing adoption of these two-wheelers is due to the rising per capita income and soaring purchasing power of the people in these regions. Besides, the rising integration of artificial intelligence (AI) with the internet of things (IoT) will also amplify the use of connected motorcycles, as these technologies offer increased safety and better strategic management.

According to P&S Intelligence, the APAC connected motorcycle market will witness the fastest growth in the coming years. This can be credited to the surging integration of connected features in the sports and luxury motorcycles being sold in the region. Moreover, the strong presence of motorcycle manufacturers in China and India, owing to the abundant raw materials, cheap labor, constant technological advancements, and relaxed government regulations, will boost the production of connected motorcycles. For instance, 10,020,000 motorcycles were sold in India during Financial Year 2020–2021, many with connected features.

Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/connected-motorcycle-market

Thus, the increasing adoption of sports and luxury bikes and growing concerns regarding road accidents and fatalities will boost the integration of connected features in motorcycles in the coming years.

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Automotive HVAC Controllers Becoming Essential in Passenger Cars

Before plunging severely in 2020 due to the COVID-induced lockdowns and the ensuing financial distress, automotive sales had been increasing steadily across the globe. But, since the lifting of the lockdowns and resumption of manufacturing in the third quarter of 2020, as the first COVID wave waned, vehicle sales have started rising again. Though the 2021 sales might be nowhere near the 2019 numbers, automotive and associated components and parts manufacturers can expect good business.

Automotive HVAC Controllers Market Report 2021

As per P&S Intelligence, the slow but steady surge in vehicle sales will keep propelling the automotive HVAC controllers market across the world. This is because HVAC systems have become integral to all four-wheelers, be it cars, trucks or buses (mostly luxury ones). With people’s burgeoning disposable income, especially in emerging economies, they have been able to afford cars with added features, such as HVAC systems, power steering and windows, and entertainment units, for quite a while now.

Moreover, with the increasing competition in the auto world, vehicle manufacturers are targeting customers with the prospect of more comfort and convenience, with HVAC systems. In temperate regions, including much of North America and Europe, the cold winters create the necessity for heaters, heated windshields, and seats. Similarly, in tropical regions, including South Asia, much of Latin America (LATAM) and all of Africa and Australia, air conditioning inside the vehicle is vital. Thus, with the increasing automotive sales around the world, the demand for HVAC controllers is rising too.

Thus, as a result of the growing auto sales, Asia-Pacific (APAC) is expected to be the most-lucrative automotive heating, ventilation, and air conditioning (HVAC) controllers market in the coming years. Already, APAC accounts for the highest automotive production and sales, which have been pushing the demand for various associated components up. As per the International Energy Agency (IEA), compared to 5 million in 2005, 25 million cars were sold in China in 2009. Similarly, car sales in India grew from 1 million to 4 million during the same period.

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

Thus, as vehicle sales boom, so will the installation rate of automotive HVAC controllers.

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How are Surging Cancer Cases Driving Molecular Biology Kits & Reagents and Enzymes Market?

 The prevalence of cancer across the world is rising at a significant rate. According to the World Health Organization, cancer is the second leading cause of death worldwide, and was responsible for about 9.6 million deaths in 2018. Cancer basically arises from the transformation of normal cells into tumor cells, which is a multistage process and usually progresses from a pre-cancerous lesion to a malignant tumor. Some of the major risk factors for cancer include alcohol usage, tobacco consumption, physical inactivity, and an unhealthy diet. If diagnosed early, cancer can be dealt with getting proper treatment and palliative care. 

However, researchers are still striving to find a definitive cure for cancer, which could further aid in reducing the burden of the disease. Attributed to this, the demand for molecular biology kits & reagents and & enzymes is growing swiftly. These products are utilized for performing ribonucleic acid (RNA) analysis, deoxyribonucleic acid (DNA) isolation, cloning, polymerase chain reaction, DNA sequencing, RNA extraction, and protein analysis. They are also used for performing several diagnostic tests, genetic analysis, molecular tests, and aid in drug discovery and development. Associated with the field of biochemistry, biology, and genetics, molecular biology products allow scientists to understand the cellular systems in a better and simplified manner. 

Among the different products, namely kits & reagents and enzymes, the larger demand in the past was created for kits & reagents. Hospitals & diagnostic centers, academic and research institutes, and pharmaceutical and biotechnology companies make use of these molecular biology products. The largest demand for molecular kits & reagents and enzymes in the past was created by academic and research institutes for different research and development activities. The growing adoption of these products in different industries is predicted to result in the growth of the molecular biology kits & reagents and enzymes market

Thus, in order to provide proper diagnosis for these diseases and for research regarding effective cures, molecular biology products are increasingly being adopted.   

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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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