What is Major Trend Presently Witnessed in U.S. Medical Peer/External Physician Review Services Market?

The increasing incidence of medical malpractices and negligence in the U.S. over the last few years has led to the creation of strict guidelines for medical review process in the country. Moreover, there has been a huge rise in the number of healthcare centres and physicians in the country having limited expertise in conducting reviews, in the past years. Due to these factors, the requirement of medical peer/external physician review services has increased massively in the U.S. and this demand is also expected to shoot-up in the coming years.

The presence of clear guidelines regarding external physician/ medical peer review services in the U.S. is another major factor boosting the adoption of these services in the country. In addition to this, medical peer review procedures have numerous advantages such as the ability to enhance member satisfaction and safety and quality of patient care and reduce the risk of medical errors and consequent negative healthcare outcomes, owing to which, they are being increasingly adopted in the healthcare industry of the U.S.

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Due to the above-mentioned factors, the U.S. medicalpeer/external physician review services market is predicted to exhibit substantial growth during the forecast period (2020—2030). Medical peer review and external physician review services are mainly provided by the medical universities and academic institutes, certified physicians, medical professional societies, peer review organizations (PROs), and law and consulting firms/organizations. Out of these service providers, the law and consulting organizations are expected to provide the maximum number of external physician/medical peer review services in the U.S. during the forecast period.

Therefore, it can be concluded that the popularity of medical peer/external physician review services will skyrocket throughout the U.S. in the upcoming years, mainly because of the rising prevalence of medical malpractices in the country.

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People Turning to E-Commerce for Scar Treatment Products

 Appearance is one of the biggest focus areas of people these days, which is why the demand for personal care and cosmetic products and skin treatments is growing around the world. One of the biggest degraders of appearance is scars, which can be caused by a number of diseases and physical injuries due to accidents, burns, chemical contact, violence, wounds, and surgeries. For instance, as per the American Academy of Dermatology (AAD), 50 million people in the U.S. have acne.

Browse report overview and detailed TOC at Scar Treatment Market Demand Forecast 

As a result, P&S Intelligence expects the scar treatment market value to increase to $63.4 billion by 2030 from $19.6 billion in 2019, at an 11.5% CAGR between 2020 and 2030. This is because the triggers of acne and other skin diseases, such as psoriasis, vitiligo, eczema, and photoaging, are fairly common. These include ultraviolet (UV) exposure, age and the accompanying hormonal changes, pollution, tobacco and alcohol abuse, bacterial and fungal infections, and genetics. Thus, with the increasing prevalence of such diseases, the scar incidence is rising too, which is propelling the demand for treatments.

This clearly reflects a vast unmet demand for topical, laser, surface, injectable, and surgical scar treatment products, among which topicals remain the most popular. This is because topical products include oils, gels, creams, gel sheets, ointments, lotions, and foams, which are easily available over the counter (OTC) and on prescriptions at pharmacies and retail stores and are easy to apply by patients themselves. Additionally, these are some of the cheapest scar treatments available, which is a key reason behind their high popularity among the masses.

In the years to come, the demand for such products will burgeon in Asia-Pacific (APAC), which is majorly home to LMICs. The vast unmet need for skin treatments, combined with the efforts of several public and private firms to make people aware of the issue, will contribute to the increasing product sales. Further, the improving financial status of the populace, rising cases of burns and accidents, and bettering healthcare infrastructure will create a high demand for such treatments here.

Hence, with the rising prevalence of skin issues and appearance consciousness, especially in emerging economies, scar treatment products will witness an escalating requirement.

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How Are Government Regulations Encouraging Car Security System Adoption?

According to the International Organization of Motor Vehicle Manufacturers (OICA), 53,598,846 passenger cars were sold and 55,834,456 were manufactured in 2020. The surging sales and production of vehicles are creating a huge requirement for security systems, such as immobilizers, central locking systems, alarms, and remote keyless entry (RKE) systems. The installation of these systems ensures the safety of passengers and vehicles, owing to which automakers are inking contracts with auto component companies, such as ALPS ELECTRIC CO. LTD., HELLA KGaA Hueck & Co., Delphi Automotive LLP, Robert Bosch GmbH, Mitsubishi Electric Corporation, and Tokai Rika Co. Ltd., for them.

Additionally, the toughening government regulations on vehicle security will steer the car security systems market toward prosperity. For instance, the Central Motor Vehicle Rules (CMVR) of the Indian government mandate the installation of door locks in cars manufactured in the country. Furthermore, the National Highway Traffic Safety Administration (NHTSA) under the Department of Transportation (DOT) has laid down the Federal Motor Vehicle Theft Prevention Standard to ensure the installation of advanced security systems in cars.

According to P&S Intelligence, China and India also hold significant positions in the car security systems market due to the rising car sales in these countries owing to their vast population. The Society of Indian Automobile Manufacturers (SIAM) states that 2,711,457 passenger vehicles were sold in India during 2020–2021. Similarly, the China Association of Automobile Manufacturers (CAAM) reveals that 2,297,000 passenger cars were sold in China in November 2020.

Furthermore, Western European countries, such as Finland, Germany, and the U.K., are expected to create an extensive requirement for car security systems in the foreseeable future, as their governments mandate the integration of such systems in newly manufactured cars. Likewise, North America is expected to record large-scale installations of these components in the cars manufactured here. Of the North American countries, the U.S. will see their higher sales due to the high incidence of vehicle thefts in the country, primarily due to the developed chop shop ecosystem, a part of the broader category of organized crime.

Thus, the soaring car sales, rising cases of vehicle thefts, and increasing implementation of government laws mandating the installation of security features in vehicles will facilitate their adoption worldwide.

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Embolotherapy Market To Generate $6,447.1 Million Revenue by 2030

A number of factors such as increasing incidence of lifestyle-associated and chronic illnesses, improving healthcare infrastructure, and rising healthcare spending are expected to propel the embolotherapy market at a CAGR of 7.7% during 2020–2030. According to P&S Intelligence, the market was valued at $3,082.9 million in 2020, and it is projected to generate $6,447.1 million revenue by 2030. In recent years, the rising number of product approvals and launches has become a major market trend.

Apart from this, the rising incidence of chronic and lifestyle-associated diseases will also play a vital role in the embolotherapy market growth. Diseases such as obesity, diabetes, stroke, chronic obstructive pulmonary disease (COPD), cancer, and metabolic syndrome are caused due to unhealthy diet, smoking, physical inactivity, and excessive alcohol consumption. These diseases are a major healthcare burden in high-income as well as low- and middle-income countries (LMICs) and require advanced treatment for better results, owing to which medical professionals are prescribing emobolotherapy for such patients. 

Access Detailed Report - Embolotherapy Market Regional and Country Breakdown

Currently, players in the embolotherapy market, such as Medtronic Plc, Merit Medical Systems Inc., Terumo Corporation, Kaneka Corporation, Boston Scientific Corporation, Guerbet, BALT EXTRUSION SAS, Johnson & Johnson, Abbott Laboratories, Sirtex Medical Limited, and Meril Life Sciences Pvt. Ltd., are focusing on product approvals and product launches to gain a competitive edge. For example, in August 2019, Cook Medical LLC introduced the 2.6 Fr CXI support catheter for super-selective anatomy or small-vessel anatomy used for interventional and diagnostic procedures.

Globally, North America accounted for the largest share in the embolotherapy market in 2020, and it is expected to maintain its lead during the forecast period as well. This can be primarily ascribed to the surging prevalence of chronic and lifestyle-associated diseases, growing geriatric population, and increasing efforts of market players toward developing advanced embolic agents in the region. Moreover, the presence of an established healthcare ecosystem also facilitates the regional market growth.

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What are Key Factors Causing Boom of U.S. Pulse and Regional Oximeters Market?

 The awareness regarding surgical care programs is increasing all over the globe. Attributed to this, the demand for pulse and regional oximeters is growing worldwide, including the U.S. The World Health Organization (WHO), has included these medical devices in a number of projects to increase awareness regarding their utilization. Pulse and regional oximeters are further included in WHO’s safe surgical checklist, as a standard for operations. Pulse oximeters are utilized for monitoring the amount of oxygen that is being carried in the body. These are non-invasive devices and are attached painlessly to the fingertip of the patient. 

Browse In-depth  U.S. Pulse and Regional Oximeters Market Regional Breakdown

The device sends two light wavelengths through the finger for measuring pulse rate and the amount of oxygen that is in the system. Regional oximeters aid physicians in monitoring cerebral oxygenation in cases where pulse oximeters are not fully indicative of amount of oxygen that is reaching the brain. As per a report by P&S Intelligence, the U.S. pulse and regional oximeters market is expected to attain a value of $1,101.4 million by 2024, increasing from $687.3 million in 2018, and is predicted to register an 8.2% CAGR during the forecast period (2019–2024). 

Between pulse and regional oximeters, the demand for pulse oximeters is projected to be higher in the coming years, which is owing to the wider application area of these medical devices as compared to regional oximeters. Pulse oximeters are user-friendly, compact, and can be attached to different body parts, including nose, palm/foot, and fingertip. Different types of pulse oximeters are nose, fingertip, palm/foot, handheld, wrist-worn, earlobe, forehead, and table-top. Among all these, the demand for wrist-worn pulse oximeters is expected to increase considerably in the near future, as they are more innovative in terms of technology and are accepted more among older people in home-based care. 

Aged people further prefer medical devices that are home-based, user-friendly, and non-invasive for monitoring their saturated oxygen levels. Pulse and regional oximeters are homecare settings, hospitals, pre-hospital care and emergency medical service providers, emergency management care settings, fire rescue departments, and clinics. Hospitals made the most use of these devices in the U.S. Within the country, California was the largest U.S. pulse and regional oximeters market in the past, which can be attributed to the presence of major players and high healthcare spending in the state. 

In conclusion, the demand for pulse and regional oximeters is growing in the U.S due to the increasing awareness regarding surgical care.  

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Escalating Safety Concerns to Boost Popularity of Automotive Digital Services in Germany in Coming Years

The growing prevalence of road accidents in Germany is increasingly becoming a matter of grave concern for both the common people and the regulatory authorities of the country. As a result, the people in the country are rapidly gravitating toward vehicles equipped with advanced safety systems such as ADASs (advanced driver assistance systems). Moreover, the high incidence of automobile crashes is massively pushing up the sales of telematics-enabled trucks, which is, in turn, fueling the demand for automotive digital services in the country. 

Because of the increasing fatality rates of these road accidents, the European Commission is presently revising the safety requirements in automobiles. Many industry experts believe that the organization will soon make the installation of ADAS systems and other safety features mandatory in passenger cars. With the implementation of these strict safety regulations and the rising customer preference for vehicles equipped with safety systems, the requirement for automotive digital services will surge in Germany in the future years. 

Besides the common people and the government, the automobile manufacturers are also increasingly focusing on integrating advanced security devices and systems in their vehicles. The automakers are rapidly incorporating these features in their cars as the unique selling proposition (USP) of the vehicle, which, in turn, is boosting the sales of these automobiles throughout the country. Furthermore, the increasing popularity of in-vehicle connectivity features is also propelling the demand for automotive digital services, which is subsequently boosting the advancement of the German automotive digital services market. 

Hence, because of the aforementioned reasons, the German automotive digital services market will exhibit rapid expansion in the future, as per the forecast of the market research firm, P&S Intelligence. In-vehicle digital, logistic fleet management, mobility on demand are the most widely adopted types of automotive digital services. Amongst these, the integration of the in-vehicle digital services was recorded to be significantly high in the past, because of the high customer preference for vehicles equipped with ADASs. Moreover, the comparatively higher prices of these systems caused higher revenue generation from their sales in the years gone by. 

Therefore, with the increasing implementation of strict vehicular safety regulations and the growing customer requirement for automobiles equipped with advanced safety systems and features, on account of the rising incidence of road accidents, and the ballooning popularity of ride sharing and hailing services, the demand for automotive digital services will surge in Germany in the coming years. 

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Europe MVNO Market To Generate $48,762.8 Million Revenue by 2030

A number of factors such as the increasing adoption of segment-targeted pricing and innovative distribution strategies, escalating need for triple-play services in developing countries, mounting demand for low-cost mobile services, rising penetration of mobile devices, and surging use of cloud-enabled solutions are expected to drive the European mobile virtual network operator (MVNO) market at a CAGR of 5.8% during 2020–2030.

The market was valued at $27,748.1 million in 2020, and it is projected to generate $48,762.8 million revenue by 2030. One of the primary growth drivers of the market is the surging focus of MVNOs on innovative distribution and segmented-targeted pricing strategies. As the success of MVNOs largely depends on unique brand positioning and value proposition, they are focusing on adopting unique strategies to attract target customers, such as tourists, ethnic groups, and migrant workers.



MVNOs cater to varied customer needs through the optimal use of the existing telecom infrastructure of mobile network operators (MNOs). In recent years, the increasing adoption of self-service portals has become a prominent trend in the European MVNO market, as they help improve productivity and enhance the profitability of market players and give customers more control and power over their mobile data.

An efficient self-service portal offers customers faster, convenient, and flexible services. Additionally, these portals also help MVNOs with reduced administrative burden, cost, and time. Simultaneously, consumers can monitor and stay abreast of their mobile usage. Therefore, the rising focus of MVNOs on segmented targeted-pricing strategies and the burgeoning demand for self-service portals will drive the demand for MVNOs in the European region.

This market research report provides a comprehensive overview of the market

• The 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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