Increasing Geriatric Population Needing More and More Orthopedic Biomaterials

The orthopedic biomaterials market had a value of above $14 billion in 2021, and it will advance at a growth rate of about 10% in the coming years, to reach above $32 billion by 2030. The reconstructive joint replacements had the largest demand in 2021, with revenue of above $4 billion, and it would grow at a significant growth rate of above 9%, in the future. This is for the reason that the occurrence of severe damage and late-stage osteoarthritis is quickly increasing.

The hospitals had the largest demand of approximately, 42%. In many nations, hospital admissions and patients visiting for orthopedic procedures have significantly increased over the past twenty-thirty years. Patients generally like to be treated at hospitals since contemporary therapeutic approaches are available here.

The rise in musculoskeletal problems will boost the growth of the orthopedic biomaterials market. Musculoskeletal ailments are the main causes of disability worldwide, according to research, with these disabilities upsetting 20-30% of people. Fractures, inflammation, and pain in the joints, ligaments, and tendons are the prevalent musculoskeletal issues resulting in constrained mobility.

North America has the highest demand for orthopedics biomaterials and will grow at a significant rate in the coming years. This is due to the increase in the volume of patients experiencing knee reconstruction and replacement and other treatments.

APAC will grow at the fastest rate of 10%, in the near future. The growing number of cases of musculoskeletal ailments, like bone degenerative illnesses, in evolving nations is one of the important reasons helping the regional industry to grow. Furthermore, the surging healthcare spending, along with the developments in the healthcare infra will have a positive impact on the demand for orthopedic biomaterials in this region.

The increasing geriatric population and the increasing cases of people having musculoskeletal conditions have a positive impact on the demand for orthopedic biomaterials.

Read More

Why Does Flexible Foam Category Hold Largest Share in Bio-Based Polyurethane Market

Since they have a smaller negative impact on the environment, are less expensive, are readily accessible, and degrade over time, bio-based polyurethane coatings have begun replacing petrochemical-based coatings in large quantities. The global bio-based polyurethane market accounted for $34.8 million in 2021, which is predicted to hit a $63.3 million value by 2030. This is owing to the various applications of this polymer, including footwear, biomedical, packaging, and transportation.

Furthermore, synthetic polyurethane compounds are toxic and non-biodegradable. They also use petrochemical-based raw resources, which are already running out, driving up the price of polyurethane manufacture. The bio-based version's excellent compressive strength, bending strength, tensile strength, and water absorption makes it superior to polyurethanes made from petroleum.

The flexible foam category maintained the biggest share in the bio-based polyurethane market, followed by rigid foam and coatings, sealants, and adhesives. Bio-based polyurethane foam that is flexible is strong, supporting, lightweight, and comfortable. A wide range of consumer and business products, including carpet underlay, mattresses, vehicle interiors, chairs, furniture, packaging, and specialty items, employ the material as cushioning. The fact that this material can be extremely stiff, soft, or even viscoelastic accounts for its popularity.

The packaging is expected to grow at a 9% CAGR in the bio-based polyurethane market. One-component polyurethane adhesives are widely used in printed films, snack food bags, and shopping bags. In addition, polyvinyl chloride is attached to aluminum sheets for medical applications using a customized two-component polyurethane adhesive. Furthermore, due to its low viscosity and low application temperature, hot-melt polyurethane is ideally suited for wrapping applications.

Buildings that are environmentally friendly and cost-effective to operate are gaining popularity. The World Green Building Council, central organizations like the Ministry of Skill Development & Entrepreneurship, the SIDBI, and the GSA in the U.S., as well as state governments and municipal bodies internationally, have all recognized and rewarded green buildings.

Due to their high strength, bio-based polyurethanes are utilized in a variety of applications, including roofing, window and door profiles, pipes and gutters, glazing, cement, insulation, hardwood flooring, sealants & adhesives, heavy-duty rubber flooring, and parquet gluing. Due to their capacity to have high green strength, bond wet/frozen timber, and shear strength, they are also commonly used for ceramic tiles, bathtub surrounds, concrete, and mirrors.

Read More

High Consumption of Brain Health Supplements Due to Growing Prevalence of Stress & Anxiety

 The brain health supplements market contributed $7,910.1 million in 2021, and it is projected to advance at a rate of 7.8% and capture $15,525 million in 2030. The rising demand for health supplements is projected to enhance attention, memory, and the ability for stress management, more specifically among the elderly population boosts the industry.

The worldwide rising trend of veganism massively impacts the landscape of food and vitamin supplement. Consumers turning vegan are opting for plant-based omega-3 supplements to maintain a healthy lifestyle. In the past few years, veganism has fetched people’s interest tremendously. The fish oil is highly being replaced by omega-3 sourced from algae for its nutritional value and taste.

Brain Health Supplements Market Size and Share Analysis Growth Forecast to 2030

The memory enhancement category holds the largest share of the brain health supplements industry, accounting for 30%. It is ascribed to the growing awareness of mental health. According to Alzheimer’s Disease International report, around 55 million people were suffering from dementia in 2020. In addition, it is predicted that 78 million people would be living with dementia in 2030, and 139 million are predicted to experience dementia conditions in 2050.

According to WHO, Alzheimer's disease would result in 70% of cases of dementia globally. The growing
awareness of such diseases is projected to boost the demand for supplements for maintaining a strong memory.

The depression & mood category is projected to experience the fastest growth. Depression can happen to anyone, irrespective of age. The elderly population is more likely to suffer from depression. The rising prevalence of depression and growing understanding of measures for its prevention and alleviation drives the industry.

Moreover, stress & anxiety is the next-fastest growing category in the industry. Around one in every three persons aging from 13 to 18 experience anxiety at some point in time, according to a government agency. According to WHO, COVID-19 has caused an increase of the 25% in anxiety and depression prevalence globally. The rising levels of stress and anxiety are projected to result in its growth in the near future.

The busy and hectic schedule of people has made them switch from physical purchasing to online shopping. The product reviews and information relevant to products available on online platforms help in making purchase decisions. Moreover, during a pandemic, the supplement companies opened new sales channels to expand their consumer base, when people remained at home due to lockdown.

The herbal brain supplements utilize plant-based and natural ingredients such as curcumin, ginkgo Biloba, and green tea extracts to sharpen memory and increase the blood flow to the brain, thus improving cognitive functioning and reducing mental tiredness.

The growing requirement for brain supplements with herbal extracts will increase the preference for herbal products in emerging economies, such as India and China. In the U.S. and Europe, herbal medicines utilized in traditional Chinese medicine are often marketed as supplements. Therefore, the herbal extract category is projected to witness the highest growth in the coming future.

Therefore, the vitamins and minerals category are projected to experience the highest growth in the coming future, as they are necessary for the proper functioning of the brain. For instance, B1 facilitates brain nerve communication, and B2 causes relief from headaches and increases energy production, while B9 enhances brain health and mood.

Thus, the rising elderly population more prone to memory disorders and depression boosts the demand for brain health supplements.

Read More

Bubble Food and Beverages Market Is Set To Hit $8,096.2 Million by 2030

 In Taiwan, bubble meals and beverages, including tapioca balls for added nutrition, were first developed. They are now trendy, especially among young people. The youth's preference for foods and beverages made with boba is what fuels the demand for such items.

Bubble Food and Beverages Market Size and Share Analysis Growth Forecast to 2030

For instance, Traditional tea is said to be less caloric and less tasty than bubble tea. Additionally, because bubble food and beverages are considered new-age products, they are promoted in creative, odd, colorful, and enjoyable ways, which aids businesses in attracting college students and young adults.

Read More: Bubble Food and Beverages Market Analysis and Demand Forecast Report

People are being compelled to increase their diet of pure carbs, proteins, and fibers due to an increased focus on health and fitness, and food products, including tapioca, may supply all of these nutrients (cassava).

The global bubble food and beverages market is expected to touch $8,096.2 million by 2030. The benefits of items created with organic, natural, and vegan tapioca pearls are becoming more widely known, which is to blame for this. Manufacturers have been encouraged to make significant R&D investments to provide innovative bubble meals and beverages.

The bubble food and beverage industry will develop quickly in North America with a 10.8% CAGR. Numerous restaurants are sprouting to meet the growing demand for such foods, especially for bubble tea fans. In essence, bubble tea is a milk-based beverage with fruit jellies and chewy tapioca balls as components.

Because of their fast-paced lifestyles, young people like drinks that are easy to carry and superior to carbonated beverages. For instance, the famous New York City restaurant MBambu offers a wide selection of fruit juices, Vietnamese coffees, boba milk teas, and fresh, healthy, and genuine Chè dessert beverages.

Furthermore, producers have been motivated to introduce new products and establish more stores as a result of increased expenditures in R&D and growing customer knowledge of the advantages of goods made with natural, organic, and vegan tapioca pearls.

The region where these items were developed, APAC, generates the second-highest demand for them. This is partly due to the fact that several businesses sell these goods in India, New Zealand, Japan, Thailand, China, and Australia.

Young people enjoy eating wholesome snacks with flavorful foods. There are several cafes providing bubble pudding and bubble tea in India, a market expanding for bubble-related goods and drinks. The bubble tea flavour may be readily altered to suit various palates, making it a delightful beverage.

Additionally, café proprietors continually experiment with tastes and low-calorie menu items. These items also provide sweet potato brownies and vegan chickpea brownies, both delectable and nutritious options.

For a while, bubble tea dominated the bubble food and beverages market, and this trend is expected to continue throughout this decade. This is attributable to the introduction of bubble tea in various flavors in important countries, including Australia, China, and Thailand.

Next on the list, as millennials experiment with their diets, are desserts. They are choosing treats made with tapioca that have tastes like green tea, strawberries, mangoes, oranges, honey melons, and pomegranates added.

Read More

How Does High-Range Voltage Contribute to Multi-Layer Ceramic Capacitor (MLCC) Market?

 In 2021, the multi-layer ceramic capacitor market contributes $12.2 billion in revenue, and it is projected to rise to $34.6 billion in 2030, progressing at 12.3% from 2021 to 2030. Moreover, the automotive category holds the significant multi-layer ceramic capacitor market share, accounting for revenue worth $4.8 billion, and it is expected to rise at a rate of 12.4% in the coming years. The rising adoption of EVs and self-driving vehicles in the automotive industry, with increasing government support for mandatory ADAS systems, and smart technologies for automotive manufacturing implementation drives the market. 

Multi-Layer Ceramic Capacitor Market Outlook Growth Forecast to 2030

Moreover, MEMS introduction linked with ADAS, technical improvements in infotainment, connected cars developments, and integration of IoT devices in automobiles, results in the surging requirement of the electronic control units, which results in the growing demand for the high-capacitance MLCCs, that bolsters the expansion of the multi-layer ceramic capacitor market. The continuous technological advancements in the automotive sector require improvements in the safety feature, component downsizing, and high capacitance. In addition, the surge in the usage of electronic components in vehicles such as engines, infotainment devices, engines, and powertrains require MLCCs and thus drive the market. 

The general capacitors hold a significant share of the multi-layer ceramic capacitor market, ascribed to the wide application of the general capacitors in the market, along with the availability of a wide range of capacitances and sizes. It is projected to experience the fastest growth at a rate of 12.3% in the coming years. In addition, the growing requirement for general capacitors in various applications such as cellular cellphones, DC-DC converters, memory modules, gaming machines, televisions, and LCDs drive the market. Moreover, the universal capacitors help in reducing the noise from electronic circuits, and their small size facilitates the easy installation of electronic equipment. 

In addition, the high-range voltage category captures the extensive multi-layer ceramic capacitor market share, accounting for 48.2%, attributed to advanced ceramic dielectric multi-layering and thin-layer methods widely utilized in the high-range MLCC capacitors to facilitate electronic systems with high capacitance. They are also utilized in various applications, such as coupling capacitors, lighting ballasts, high-voltage coupling capacitors, and inverter circuits. 

Furthermore, the numerous advantages of the mid-range voltage MLCCs, such as no polarity, low leakage, low cost, and high capacitance-to-volume ratio allow application in various electronic systems. Moreover, electrolytic capacitors have lower ESL/ESR and stronger mechanical strength compares to electrolytic capacitors.

APAC is projected to experience massive sales in the multi-layer ceramic capacitor market, amounting to $5.1 billion, and the regional market is projected to retain its dominance in the near future, progressing at 13.0%, owing to a surge in the application of renewable energy products and MLCC-based electronic components in the automobile sector in the region, resulting in the increased demand for MLCCs from end-use sectors. 

Additionally, China has retained its place in the list of top manufacturers of MLCCs, with a massive local presence. The MLCC producers in the country are focusing on expanding themselves with the increased supply of consumer electronics. Moreover, the surge in the requirement for consumer electronics in developing countries such as China and India, bolsters the MLCCs consumption, resulting in market proliferation. 

Therefore, the massive application of general capacitors such as televisions, LCDs, DC-DC converters, memory modules, and gaming machines results in market proliferation

Read More

How Does Face Recognition Technology Offer High-Level Security?

 The contactless biometrics market contributes $17,389.2 million revenue in 2021, and it is projected to rise at a rate of 14.6% from 2021 to 2030, and generate $59,501.4 million revenue by 2030. It is ascribed to the rising preference for contactless biometric technologies, increasing security concerns, and government initiatives that encourage contactless biometric systems. For example, there is an ongoing progression in the implementation of Aadhar for contactless and facial authentication for various services. Thus, it will boost the banking and financial services sector. 

Contactless Biometrics Market Outlook Forecast to 2030

The contactless biometric systems are utilized for forensics & criminal identification, access control, onboarding, and KYC. The rising identity theft & fraudulent activities, along with increased usage of the digital identity for various use cases across verticals result in the growing demand for the systems for forensic and criminal identification purposes. 

The software category holds a significant share of the contactless biometric industry, accounting for 40%, and it is projected to retain its position in the coming years, due to the growing demand for software to enhance device compatibility for various applications. In addition, the rise in the queue-less passenger checks demand, fast and secure access controls, seamless border crossing, and quick identification to facilitate ease of convenience and security boost the industry growth. 

The services category captures the third position, regarding market share, and it is projected to witness higher growth in the near future. It is ascribed to the training & consulting services, feasibility assessment services, analysis, and advisory services, and managed services, as they hold prominence for end users for efficiently operating the biometric systems. 

Face recognition technology captures a significant share of the contactless biometric industry, ascribed to wide usage by end users, as it is reliable, economic, and facilitates high-level security. The iris recognition technology is projected to reflect the fastest growth in the coming future, ascribed to the technology that keeps away facial recognition drawbacks. This technology functions by exposing the iris to infrared light that discloses internal complex patterns. 

Furthermore, the contactless biometric card technology demand is projected to register the highest growth in the coming years, led by an extensive rise in contactless payments. Therefore, companies are focusing on advanced facial recognition software and solutions development, which in turn proliferates the contactless payments industry. 

Under the end-user segment, the government sector generates the largest revenue share in the contactless biometrics industry, accounting for 30%. It is led by the massive adoption of contactless biometric systems by numerous national governments. For example, contactless e-channels are installed at Hong Kong International Airport with QR code scanning and facial recognition technology for immigration. 

North America holds the extensive share of the contactless biometrics industry, accounting for 30%, ascribed to the demand for seamless border crossing, speedy identification of individuals, rapid and secure access controls, and queue-less passenger checks. In addition, the illegal immigrants inflowing, unexpected terrorist operations results in growing security concerns, which in turn boost the demand for contactless biometric solutions in the region. 

The next-largest contributor to the industry is Europe for the contactless biometrics industry. It is projected to witness the fastest growth in the near future, ascribed to the rising adoption of touchless biometric systems in government and military applications in the nation. 

Therefore, the surging demand for contactless biometric solutions led by the rising security concerns, and the efficiency of these systems boost the industry.

Read More

Telecom Power System Market To hit a Value of Above $7,360 Million in 2030

The total size of the telecom power system market was above $3,974 million in the year 2021, and it will reach a value of above $7,360 million in 2030, advancing at a CAGR of over 7% by the end of this decade. The growth is helped by the increasing penetration of telecom towers in diverse regions, like APAC and Africa, and the booming acceptance of telecom services.

The largest share in the telecom power system market, of about 30%, was with generators, as they are considerably utilized as a standby source of power to offer safe operations against power cuts and insufficient power supply. Furthermore, diesel is less inflammable as compared to natural gas, thus it is a safer fuel for generators for backups of telecom towers. Further, diesel generators last longer than others, since they operate at lower temperatures.

North America will be the fastest-growing market in the near future, because of the solid network connectivity, 4G-LTE networks, and mobile usage. The growing ICT industry, comprising telecommunications along with high-tech sectors, is probably at the center of the market growth of the region. Additionally, the U.S. will register a more distinct 5G cycle with peak smartphone growth in the future, which will further tempt service providers to create better telecom infra. 

DC power systems had over 60% demand in 2021 and will lead the telecom power system market in the years to come too, because of the wide uses of DC power systems in the telecom industry. This power is not restricted to frequency disparity or leading power factor. Moreover, it can be stowed, and hence, backup for telecom buses can be provided by batteries without a power conversion loss. 

With the increasing use of smartphones and a developing telecom infra, there is a surge in the demand for telecom power systems around the globe.

Read More