What are Key Factors Driving the Growth of Osseointegration Implants Market?

The osseointegration implants market is being positively influenced by the increasing volume of dental implant surgeries and trauma incidents, rising prevalence of spinal cord injuries (SCIs), growing funds for research, and improved reimbursement support for surgeries. It generated a revenue of $9.9 billion in 2017 and is expected to advance at a 4.0% CAGR during the forecast period (2018–2023). Osseointegration implants are used for the treatment of hearing loss, tooth loss, and amputees. Osteoblasts and supporting tissue migrate to the pore in which the implant is placed.

Rise in new product launches in the osseointegration implants market is another trend. Companies are unveiling new and innovative products to increase their portfolio and geographical presence. For instance, the OKTAGON implant system developed by DRS International GmbH was launched by Henry Schein Inc. in September 2017 with exclusive distribution rights in the U.K. Similarly, OPRA Implant System Platform G was launched by Integrum AB in January 2017. It is used for transfemoral patients to simplify surgical procedures and improve the mechanical performance of the system.

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The largest contributor to the osseointegration implants market in 2017 in the region segment was North America. A United Nations publication, “An Aging World 2017”, mentioned that the aged population (60 years and above) in the region is expected to grow to 28.0% of total by 2050 from 22.0% in 2017. Hence, it is clear that the North American market is being driven by the increasing aged population, along with the rising volume of amputations and surging prevalence of spinal disorders.

Therefore, the market for osseointegration implants is slated to advance in the forecast period, as the incidence of SCIs and the number of amputations are witnessing an increase.

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Automated Guided Vehicles Market to Register Growth due to Need for Automation in Warehouses

The e-commerce industry is flourishing across the globe, particularly in emerging economies, including Brazil, China, and India. With the advent of online shopping platforms and hassle-free home delivery, people can now easily choose from a wide variety of things. Moreover, the disposable income of people in developed and developing countries is increasing as well, which is why they are able to spend more on different items. As the industry is witnessing growth, the need for increasing productivity and efficiency in warehouses is rising swiftly as well. Attributed to this, different companies in the e-commerce industry are increasingly making use of automated guided vehicles. 

Automated Guided Vehicles Market

Also known as self-guided vehicles, automated guided vehicles are load carriers or material handling systems which travel throughout distribution centers, warehouses, or manufacturing facilities autonomously, i.e., without a driver or operator. For example, Amazon Inc. makes use of robots called drives for delivering large stacks of products to the human workforce. The robots follow a set path in the warehouse and have the ability to detect obstacles in their path. Owing to such attributes, the global automated guided vehicles market is expected to progress at a significant pace in the years to come. 

Forklift trucks, tow vehicles, assembly line vehicles, unit load carriers, and pallet trucks are the different types of automated guided vehicles, out of which, the demand for tow vehicles was the highest in the past. This is because of the rising replacement and adoption of traditional tow vehicles in different industries. Take for example Tesla Inc., a major automaker, which has deployed these vehicles in its Gigafactory. The machine makes use of navigational beacons for making its way through the production facility. 

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Geographically, North America emerged as the largest automated guided vehicles market in the past, which can be ascribed to the rapid integration of emerging technologies, such as internet of things, augmented reality, and virtual reality, in production and inventory management processes and increasing warehouse automation rate in the region. Apart from this, the demand for these vehicles is also expected to increase in the Asia-Pacific region, owing to the expanding e-commerce industry, automotive, and consumer electronics industries. Furthermore, the growing logistics industry in the region is also driving the demand for automated guided vehicles.

Hence, the demand for automated guided vehicles is predicted to increase due to the growth of the e-commerce industry and need for automation in warehouses.  

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Expanding E-Commerce Sector in India Creating Demand for Retail Logistics Services

The expansion of the e-commerce sector in India, owing to the rising urbanization rate, surging disposable income, and changing consumption patterns of customers, is creating a huge requirement for retail logistics solutions. Besides, the vast customer base of India, escalating internet penetration, and large-scale adoption of smartphones are also strengthening the e-commerce industry. Moreover, the increasing demand from customers for prompt delivery of essential goods at their doorsteps is leading to the launch of efficient logistics services.

India Retail Logistics Market Research Report

Apart from this, the rising adoption of digital freight brokerage in logistics services will boost the Indian retail logistics market growth during 2020–2030. Digital freight brokerage services allow on-demand delivery of goods and ensure the real-time tracking of the transported goods, which offers higher security and reduces the risk of loss in transit. Logistics firms opt for these services during periods of high demand, but not on a contractual basis. This allows companies to optimize their logistics operations, thereby making such services a cost-effective alternative.

At present, retail logistics services are mostly available in the tier-1 cities of India, including Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore. This is due to the presence of a large customer base in these cities and the high purchasing power of the customers here. According to the 2011 census, the population of the National Capital Territory (NCT) of Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore was 16.7 million, 18.4 million, 14.1 million, 7.7 million, 8.6 million, and 8.5 million, respectively.

Companies involved in the development of advanced logistics solutions for retail freight include First Flight Couriers Ltd., Gati Ltd., Blue Dart Express Ltd., FedEx Corp., Transport Corporation of India Ltd., DHL International GmbH, and All Cargo Logistics Ltd. These players in the Indian retail logistics market offer online and offline services. Of the two, online services will be adopted at the higher rate in the coming years. This will be due to the flourishing e-commerce industry, increasing internet penetration, and escalating use of smartphones in the country.

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Thus, the bolstering e-commerce industry and burgeoning demand for digital freight brokerage services will lead to the adoption of retail logistics solutions in India.

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Why Are Harmful Effects of Mercury Raising Demand for Bromine?

The global bromine market generated a revenue of $1,864.3 million in 2019. Furthermore, it will advance at a CAGR of 5.7% between 2020 and 2030, as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the growing usage of bromine compounds for reducing mercury emissions, surging utilization of environment-friendly polymeric flame retardants, and the soaring adoption of clear brine fluids during drilling for oil and gas.

Another prominent application of the halogen compound (Br) is clear brine fluids, which are vastly used during oil and gas drilling activities. With the usage of clear brine fluids, the bottom hole temperature and pressure can be reduced. Certain soluble salts, such as those of bromine, are added to these fluids, after duly considering the density, freeze point, clarity, and pressure/temperature. In comparison to other popular drilling fluids, clear brines offer improved wellbore stability in shale and salt penetration rates and sections, fast penetration rates, reduced fill and formation damage, and fine hole gauge.

However, the largest share under the application segment of the bromine market was held by the flame retardants category in 2019. With the increasing focus on fire safety, flame retardants are being used in furniture, buildings, and even clothes. Due to the various health effects of hexabromocyclododecane (HBCD), it is being replaced by environment-friendly flame retardants, which contain long-chain polymers based on bromine. Due to the strict mandates for the protection of the environment, especially those released by the European Union (EU) and Environmental Protection Agency (EPA), the consumption of bromine-based flame retardants is on a rise.

Currently, Asia-Pacific is the largest bromine market, as its production and consumption volumes in China are the highest in the world. With the rising disposable income as well as growing infrastructure sector, the demand for flame retardants is increasing rapidly in Japan, India, Thailand, and South Korea. It is not just buildings and furniture where flame retardants are used, but also plastic and consumer electronic products, all of which are witnessing a high demand in the region.

Therefore, the demand for bromine will continue to surge in the coming years, as it is beneficial for human health in some way or the other.

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Increasing Security Concerns Steering Crowdsourced Security Market Growth

The surging focus of several industries on upgrading their security solutions, soaring incidence of cyberattacks and threats, and rising need to adhere to the compliance requirements will drive the crowdsourced security market during the forecast period (2020–2030). Crowdsourced security solutions invite a group of people to evaluate an asset for vulnerabilities.

Moreover, the rapid digital transformation in enterprises will also facilitate market growth in the foreseeable future. One of the key growth drivers for the crowdsourced security market is the burgeoning demand for security solutions by enterprise to improve security and reduce risks. Every organization runs its applications through several quality checks to ensure the elimination of all bugs and other potential security challenges.

The organizations also test run their applications after their launches to identify the bugs and protect the applications from potential hackers. As it is increasingly becoming difficult for development teams to search for all the bugs and potential threats, enterprises are rapidly adopting crowdsourced security solutions.In recent years, the rising integration of crowdsourced security methods in the automobile industry has become a major trend in the market.

Owing to the high risks of hacking, data loss, and financial loss, automakers are focusing on the deployment of such security solutions. For instance, in 2015, Fiat Chrysler Automobiles N.V. faced the challenge of vehicle safety hacking in a public demonstration. This led to the recall of 1.4 million vehicles of the company.

This market research report provides a comprehensive overview of the market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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Progressing E-Commerce Sector Boosting Electric Loader Rickshaw Presence in India

As per the India Brand Equity Foundation (IBEF), the e-commerce sector in the country is witnessing significant growth, and it is expected to surpass that of the U.S. to become the second-largest in the world by 2034. The prospering e-commerce sector, on account of the surging penetration of smartphones and the internet and changing consumption patterns, will augment the deployment of electric loader rickshaws for cargo delivery. Owing to this reason, the Indian electric loader rickshaw market will advance at a considerable rate during 2020–2030.

India Electric Loader Rickshaw Market

The presence of such vehicles on Indian roads has surged in the last two years owing to the rising environmental concerns and technological advancements in the automobile industry. To mitigate the rising air pollution levels, the central government and state governments are offering incentives and subsidies on electric three-wheelers, thereby fueling the production and adoption of electric loader rickshaw across India. These vehicles can carry cargo loads of up to 450 kg, thus making them ideal for light-to-medium-duty urban freight transport operations.

According to P&S Intelligence, the Indian electric loader rickshaw market has a strong presence in Ahmedabad. Around 70% of all the electric rickshaws in Ahmedabad are loader rickshaws, whereas in Gurugram, 15%–20% are loader rickshaws. Moreover, the percentage of electric loaders is rising in the  electric cargo three-wheeler fleet of Delhi. Apart from these, several cities of Uttar Pradesh, Madhya Pradesh, West Bengal, Bihar, Rajasthan, Punjab, Assam, and Jharkhand are adopting a significant number of electric loader rickshaws.

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The requirement for these three-wheelers in different states of India is met by Victory Electric Vehicles International Pvt. Ltd., Kinetic Green Energy & Power Solutions Ltd., Lohia Auto Industries, Hero Electric Vehicles Pvt. Ltd., and Terra Motors Corp. These companies are focusing on expanding their production capacities and introducing new and improved variants due to the favorable government policies and high preference for technologically advanced and energy-efficient vehicles.

Thus, the progressing e-commerce sector and rising government support will boost the number of electric loader rickshaws on Indian roads.

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Asia-Pacific to Offer Best Orthodontic Supplies Market Investment Opportunities

Around the world, over 3.5 billion people suffer from some kind of oral disease, according to the World Health Organization (WHO). The agency further says that caries of permanent teeth affect 2.3 billion people, and over 530 million children have caries in their primary teeth. Earlier overlooked, dental health is now garnering increasing attention from people. Not only can dental problems be painful, but misformed or badly arranged teeth are considered aesthetically appealing. Both these factors are leading to a rising footfall at dentists, which is, in turn, increasing the demand for various associated products and instruments.

Therefore, with the increasing awareness on oral health, the orthodontic supplies market is on path to substantial growth in the coming years. An orthodontist is a medical specialist, who looks after the alignment of the teeth, and they are the ones who put braces on the teeth. The different supplies these healthcare providers require are anchorage appliances, fixed braces, removable braces, ligatures, and orthodontic adhesives. Among these, fixed braces are procured in the highest amounts, as such products are better able to correct the alignment of the teeth. 

On a geographical basis, North America currently witnesses the highest demand for dental supplies, owing to the high number of people suffering oral diseases and increasing desire among them to look good, for which having aesthetically appealing teeth is considered important. For instance, the American Academy of Cosmetic Dentistry (AACD) says that of all those who undergo dental surgery, over 80% go for them with the aim to look better. Asia-Pacific (APAC) is expected to observe the fastest dental supplies market growth, as a result of the surging awareness about the treatments available and rising spending power.

Thus, as people realize the importance of keeping their teeth in a good shape, the demand for dental supplies will keep growing.

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