Surging Processed Food Consumption Fueling Antioxidant Demand

The increasing consumption of processed foods is driving the demand for antioxidants. As processed food items are high in carbohydrates, saturated fats, free sugars, sodium, and total fats and low in various essential nutrients such as vitamins, potassium, proteins, and fiber, their increasing consumption is responsible for several health problems such as low and high blood pressure. The rising prevalence of such health problems is fueling the demand for natural antioxidants, as these compounds protect the cells from the harmful effects of free radicals, which are present in processed foods.

Antioxidants Market Research Report

Vitamin C, vitamin A, vitamin E, carotenoids, and polyphenols are the most commonly consumed natural oxidants. On the other hand, butylated hydroxytoluene (BHT), tert-butylhydroquinone (THBQ), Propyl Gallate (PG), and butylated hydroxyanisole (BHA) are the most widely consumed types of synthetic antioxidants. Between the two types of antioxidants, the demand for natural antioxidants is predicted to be higher in the forthcoming years. This will be because of the several anti-ageing benefits of these products and the rising public awareness about healthy eating habits. 

Additionally, the increasing urbanization rate, soaring disposable income of people, and escalating working hours are also pushing up the demand for processed and fast foods, thereby powering the growth of the global antioxidants market. Antioxidants are basically substances that can mitigate the damage caused to other items because of oxidation. Food and beverage, cosmetics, feed additives, and pharmaceutical industries are the major application areas of antioxidants. Out of these, the use of antioxidants is predicted to be the highest in the food and beverages industry in the upcoming years.

Across the globe, the sales of antioxidants will surge sharply in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. 

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Hence, it can be safely said that the demand for antioxidants will boom in the upcoming years, primarily because of the increasing consumption of processed foods across the world. 

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Increasing Vehicle Safety Awareness Driving Demand for Automotive Simulation Software

Automotive simulation is the usage of simulation software for model testing and prototyping of an automobile to ensure the complete functionality of the vehicle. In recent years, automakers have been increasingly using this software for vehicle testing because they are working on several models based on varying parameters, which need model testing before they are validated and finalized. In the coming years, advanced simulation software and related technologies will be largely used for autonomous cars, smart driving truck platooning, and fleet management. 

Automotive Simulation Market Research Report

The surging integration of simulation features in vehicles can be credited to the growing awareness about vehicle and passenger safety. Owing to this reason, the automotive simulation market will register considerable growth during 2020–2030. At present, simulation software developers and automotive original equipment manufacturers (OEMs) are actively focusing on research and development (R&D) activities to introduce advanced systems. To offer advanced solutions, OEMs are increasingly using the internet of things (IoT) technology in their safety systems.

Between the automotive simulation software and service, the demand for the latter is predicted to surge sharply in the upcoming years. This will be a result of the fact that many automakers all over the world are increasingly adopting consulting and design services in order to cater to the burgeoning requirement for process enhancement and product designs. This is subsequently fueling the advancement of the automotive simulation market across the world. 

According to P&S Intelligence, the Asia-Pacific (APAC) region will adopt this software at a rapid pace over the next few years. This is owed to the rapid industrial developments and booming automobile production and sales in regional countries, such as India, Japan, and China. Moreover, the integration of advanced parking assistance systems, telematics, and ley-less entry systems by automakers in their vehicles will also amplify the usage of such software in the APAC countries. 

Thus, the surging awareness about vehicle and passenger safety and mounting sales of conventional vehicles and EVs will create a huge requirement for automotive simulation software and services in the foreseeable future.  

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How Is Food and Beverage Sector Growth Fueling Industrial Lubricants Use?

The increasing industrial output in the emerging economies, such as India, Indonesia, China, Brazil, and Russia, has boosted the consumption of industrial lubricants such as process oil, engine oil, general oil, and metalworking fluid. In recent years, the production capacity of the consumer appliance, mining, metal forming, plastics industries of these nations has increased to a significant extent. The surging industrial output can be primarily owed to the advent of Industrial 4.0 and rapid urbanization in developing countries.

Besides, the flourishing food and beverage sector, on account of the changing lifestyle of the people and burgeoning population in Latin America (LATAM) and Asia-Pacific (APAC), will drive the industrial lubricants market at a CAGR of 4.3% during the forecast period. The market is expected to grow from $48,860.7 million in 2016 to $68,412.0 million by 2024. This industry is transforming due to the advent of multinationals, the emergence of commodity branding, and the low cost of technology. This industry uses industrial lubricants in slides, labelers, conveyors, bottle washers, blenders, sifters, knives, mixers, packaging machinery, slicers, and wrappers.

According to P&S Intelligence, APAC accounted for the largest share in the industrial lubricants market, in 2016, and it is projected to continue this trend in the forecast years as well. This can be ascribed to the rapid industrialization in China and India and the emerging economies of Southeast Asia. Moreover, the advancements in industrial machinery in such countries also support market growth in the region. Besides, the increasing investments in the construction of utilities, industrial hubs, and other civic infrastructure facilities in APAC is expected to drive the demand for industrial lubricants in the foreseeable future.

Thus, the expanding capacity of industrial units, flourishing food and beverage sector, and strengthening wind turbine industry will boost the requirement for industrial lubricants in the foreseeable future. 

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Ventilator Market to Grow due to Rising Preference for Home Healthcare Solutions

The prevalence of diseases all across the globe is rising rapidly, and the latest example is COVID-19, which is now a pandemic and is affecting millions worldwide. The outbreak of coronavirus started in Wuhan, China, and the infection has now spread to almost every part of the world. The prime concerning factor regarding this disease is that as of now, no vaccine has been developed for curing it. The virus affects people of all ages; however, it has severe and fatal consequences for aged people and those having underlying health conditions. While the number of people who are getting cured is high, the number of fatalities is also increasing day-by-day.

Attributed to this, the demand for ventilators, at the present time is extremely high all over the world. A ventilator, sometimes referred to as breathing machine or life support, helps a person breathe, if they are unable to do so on their own. A tube is inserted into their windpipe, either through the mouth or through a hole in their throat, which is connected to a machine that pumps air into the lungs. The ventilator market is predicted to advance at a rapid pace in the next few months, as COVID-19 is primarily a respiratory infection.

In the coming years, North America is projected to emerge as the largest ventilator market, because of the increase in the prevalence of respiratory diseases and growing healthcare expenditure in the region. The governments in the region are investing heavily for the improvement of medical facilities, as the number of patients, currently those infected by coronavirus, is rising. In addition to this, the growing geriatric population, rising prevalence of tobacco smoking, and increasing burden of chronic diseases in the region are also predicted to result in the rising need for ventilators.

In conclusion, the demand for ventilators is being driven by the COVID-19 epidemic and rising preference for home healthcare solutions.

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Why will Demand for Aerospace Composites Boom in North America in Future?

The extensive usage of carbon fiber composites in aircraft manufacturing is pushing up the demand for aerospace composites across the world. Aircraft manufacturing companies are focusing heavily on high-performance and lightweight structural materials for reducing their operational costs and improving the fuel economy of their aircrafts. Due to the various beneficial traits of carbon fiber composites such as high stiffness and tensile strength and low weight, they are increasingly being used in the aerospace industry.

Another major factor driving the worldwide demand for aerospace composites is the ballooning usage of composites in the military aviation sector. These factors are subsequently propelling the growth of the global market for aerospace composites. Aramid fiber, carbon fiber, and glass fiber are the most widely used types of aerospace composites across the world. Out of these, the demand for carbon fiber was found to be the highest during the last few years. 

Moreover, the sales of these materials are also expected to rise rapidly in the coming years. This is credited to their extensive usage in the aerospace industry, on account of their various properties such as low thermal expansion and high chemical resistance. Aerospace composites are used in civil helicopters, commercial aircrafts, business and general aircrafts, and military aircrafts. Out of these, the usage of aerospace composites was the highest in commercial aircrafts in the past years.

Geographically, the sales of aerospace composites will boom in Europe and North America in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is ascribed to the existence of several well-established industry players and original equipment manufacturers (OEMs) in the regions and their growing focus on reducing the overall aircraft weight. Besides, the demand for these products will also shoot up in Latin America and Asia-Pacific in the coming years.

Hence, it can be safely said that the demand for aerospace composites will surge in the upcoming years, primarily because of their growing requirement in aircraft manufacturing and military aviation applications across the world. 

Read More: https://www.psmarketresearch.com/market-analysis/aerospace-composites-market 

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Huge Growth Expected in Medical Device Outsourcing Market in Future

The healthcare industry is witnessing rapid growth because of the surging prevalence of diseases all across the world. The medical industry does not only deal with drugs and therapy, but medical devices are an important part of it. Attributed to this, the medical devices industry is registering swift growth as well. In 2018, the global medical devices market attained a value of $425.5 billion and is predicted to reach $612.7 billion by 2025, registering a 5.4% CAGR during 2018–2025. Medical devices are used widely across different medical settings for both therapeutic and diagnostic purposes. 

However, the cost of most of the medical devices is quite high, which makes it difficult for hospitals at times to provide important services to the patients. Because of this reason, medical settings are increasingly outsourcing medical devices. The concept of outsourcing is not a new one, and now the medical device industry is taking advantages of its benefits as well. With the continuous technological advancements going on in the medical industry, medical settings need to keep up with making sure that their patients are being offered the best and latest technology. According to P&S Intelligence, in 2016, the global medical device outsourcing market generated a revenue of $44.9 billion and is expected to attain $84.9 billion, witnessing a 9.7% CAGR during 2017–2023.

Geographically, the largest demand for medical device outsourcing was created by North America in the past, owing to the presence of a large number of medical device manufacturers and easy availability of high-end medical devices in the region. Apart from this, because of the rising availability of low-cost labor and comparatively cheap infrastructure than other developed nations, the demand for medical device outsourcing is expected to increase significantly in the Asia-Pacific region in the coming years. 

In conclusion, the need for medical devices outsourcing is growing due to the rising cost of medical devices.   

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Needle-Free Injection Systems an Insight On the Important Factors and Trends Influencing the Market

The surging awareness on the safety issues with needles, growing aging population, and massive demand for needle-free treatment devices are driving the growth of the needle-free diabetes management market. In 2016, the market attained a size of $3,830.6 million, and it is predicted to generate revenue of more than $16,800.0 million by 2025. Needle-free diabetes management is a technique of monitoring, diagnosing, and treating a diabetic patient without the use of needles. Such devices are adopted for monitoring the blood glucose level and injecting insulin into diabetic patients. 

On the basis of region, the needle-free diabetes management market is classified into Asia-Pacific, Europe, North America, and Rest of the World. Among these, during 2014–2016 (historical period), North America led the market in terms of revenue, and it is projected to continue leading it during 2017–2025, owing to the high prevalence of diabetes, technological advancements, and positive government regulations. In North America, due to the surging geriatric population and prevalence of obesity, diabetes has become one of the major public health issues.

Furthermore, needle stick injuries during insulin administration can lead to blood-borne pathogen transmission, which can further cause fear, anxiety, and emotional distress in patients and healthcare workers. With the use of needle-free diabetes management, the risk of needle stick injuries can be eliminated. According to the World Health Organization, each year contaminated injections cause around 1.3 million early deaths. As needle-free diabetes management helps in reducing the number of deaths, it is highly preferred by patients as well as healthcare providers, thereby leading to the needle-free diabetes management market growth.

Hence, the surging aging population and safety associated with needle-free diabetes management are projected to contribute to the progress of the market during the forecast period.

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