How Does Rapid Urbanization Boost Vietnam Diesel Generator Set Market?

In 2021, the Vietnam diesel generator set market generated around $109 million revenue, and it will progress at a rate of 3.6% from 2021 to 2030, to garner approximately $150 million revenue by 2030. The continuous rise in the sales of diesel generators in Vietnam is projected to increase its dominance in Southeast Asia as gensets market. The surge in construction activities in the country is driven by SEZs construction, government infrastructure projects such as smart cities, metro trains, and national and state road construction with the increased consumption of power proliferating the market.

The expansion of the industrial and construction sectors led by the rapid urbanization has also resulted in the propulsion of the Vietnam diesel generator set market to cater to the increasing demand for power. Moreover, the lack of a proper grid infrastructure causes an inadequate power supply in the country that negatively impacts the operations of the commercial and industrial spaces. Therefore, it results in an increase in demand for generators for an uninterrupted power supply during blackouts with a continuous supply of electricity for various applications.

In addition, the Vietnamese government has planned to increase the total housing space to 27 sq m per person by 2025 and 30 sq m by 2030, under the MOC strategy. Moreover, in the next decade, the government will be focusing on the redevelopment of housing development associated with urban development, old apartment buildings, along with green and smart homes. Furthermore, the housing solutions for low-income earners and workers in the urban areas are covered under government policies. The rise in the residential units, caused by government initiatives leads to a boost in diesel generator sales to cater to the backup power requirement.

The industrial sector captured a significant share in the Vietnam diesel generator set market, ascribed to the country becoming an industrial hub with an extensive and educated workforce. Moreover, the government of the country provides support to businesses that facilitate raw materials, spare parts, and components to various sectors such as automotive, IT, electronics, leather and footwear, and apparel and textile. Therefore, the expansion of the industrial sector has resulted in a surge in the requirement for power with the growing demand for generator sets.

Therefore, the insufficient power grid infrastructure leads to increasing demand for diesel generators in Vietnam for the continuous supply of power.

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North America had the Largest Demand for Inhalation Anesthetics Market

The size of the inhalation anesthetics market was $1,356 million in 2021, and it will reach about $2,145 million by 2030, at a growth rate of over 5%in the years to come. This is because of the increasing use of inhalation anesthetic drugs, as a result of the growing elderly population susceptible to chronic ailments, snowballing trauma cases, and increasing access to health services and operations.

Sevoflurane had about 75% of revenue in the industry in 2021, and this will grow rapidly at a rate of over rate of 5% in the years to come. This is since sevoflurane is one of the most widely used drugs for anesthesia, attributable to its healing features. Likewise, it is an ether inhalation anesthetic agent with a non-irritant redolence, low-blood gas partition coefficient, and low pungency.

North America has the largest share of revenue in the inhalation anesthetics market in the year 2021. This is largely due to the progressions in anesthesia and surgical methods, accompanied by the obtainability of new drugs in the region. The main investors of the industry like doctors accepting and endorsing the consumption of these medications, and producers and investors are devoted to the production and R&D of the drugs. Furthermore, the cases of long-lasting ailments, like vascular glitches and other malignancies, have been hastening quickly in the region, which upsurges the count of surgeries.

APAC will witness the fastest growth in the coming years. The increasing population, snowballing investments in healthcare infra, increasing acceptance of novel technologies in surgeries, and increasing healthcare spending per capita are the important factors accountable for gaining the footprint of anesthetic drugs. Furthermore, the demand for these medications has augmented due to government-preferred reimbursement systems and their acceptance in both private, and public healthcare institutions.

 Due to the increasing geriatric population, the demand for inhalation aesthetics drugs is rapidly on the increase.

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Oncology Applications of Epigenetics in Healthcare Offering Treatment to Cancer

Epigenetics is the study of the functions of the genes affected by varying behaviors and environments without modifying the DNA sequence. Gene expression can be defined as when and how often proteins are developed within the genes. Epigenetic changes affect gene expression to make them off or on, while genetic changes take place. The environmental behaviors, including diet and exercise, cause epigenetic changes. It is easier to experience the connection between genes, behaviors, and the environment. 

Epigenetics contributed $1,563.8 million in revenue in 2021, and it is expected to reach $6,460.5 million in 2030, progressing at a 17.1% growth rate. The epigenetic changes are reversible and take place throughout life. The epigenetics at the time of birth varies from the epigenetics during childhood or at old age. 

Epigenetic changes can affect gene expression in various ways. It includes:

DNA Methylation: DNA methylation functions with the addition of a chemical group to DNA, this chemical is added at specific places on the DNA that further blocks the proteins attached to DNA for identifying the gene. Demethylation can result in the removal of this chemical from the DNA. Usually, methylation inactivates genes, and demethylation activates them.

Histone Modification: Histones can be defined as the DNA wraps around the proteins, and proteins cannot access these DNA wraps. Several genes wrapped around histones are inactive, while several which are not wrapped are active. Chemical groups can be removed or added to histones and change if a gene is wrapped or unwrapped.

Non-coding RNA: DNA gives coding instructions and non-coding of RNA; proteins are created by utilizing RNA coding. Non-coding RNA provides support in controlling gene expression by attaching coding RNA and several other proteins, that further breaks down the coding RNA to stop it from further creating proteins. Moreover, non-coding RNA also utilizes proteins to change histones and turn genes off or on.

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Why Telecom Industry Dominates Optical Spectrum Analyzer Market?

 The power distribution of an optical source across a certain wavelength range is measured and shown by a precise device called an optical spectrum analyzer. In 2021, the optical spectrum analyzer market accounted for $326.6 million, which is predicted to hit a $588.8 million value by 2030, advancing at a 6.8% CAGR from 2021 to 2030. The rise is mostly attributed to changes in the healthcare, consumer electronics, and telecommunications industries as well as the growing demand for these analyzers.

Applications for the OSA are many in the IT & telecommunications, healthcare & medical, and other industries. To fulfill the need for optical spectrum analyzers, it is therefore expected that tailoring the product to a specific application will be a wise strategic choice. As a result of the enormous increase in internet customers, both residentially and commercially, operators were obliged to increase their capacity. This encouraged the operators to spend money on testing tools like analyzers.

Optical Spectrum Analyzer Market Segmentation Analysis Report

It is predicted that users of mobile devices, as well as other cloud-connected devices, would substantially increase their data consumption, which will be accommodated by the development of 5G network technology. Since technology has advanced over the past few years, it has been possible to use the millimeter wave frequency spectrum extensively to overcome the difficulties associated with a lower frequency and high-speed communications. 

Additionally, there is a growing demand for cost-effective 5G systems with a high dynamic range and cutting-edge capabilities to enhance the quality of connections in emerging nations of the Asian, African, and LATAM regions. Thus, as 5G technology advances, there is an increasing need for analyzers in emerging regions. Additionally, the global optical spectrum analyzer market will increase over the next few years due to a rise in infrastructure development and sophisticated networks throughout the globe.

Based on end use, the optical spectrum analyzer market in the healthcare market is predicted to increase at a pace of roughly 8% during the projected period. This is a result of the sector's expanding production and R&D of short-wavelength lasers, consumer products, material processing systems, and passive devices.

The healthcare industry has made significant strides over the past several decades as a result of increased government support for research and funding projects. Currently, fiber optics are often used in healthcare and medical applications, including lab-on-a-chip and patient-centered medicine, where endoscopy is gaining significant momentum. This will increase the use of OSAs in R&D and the production of medical equipment.

The optical spectrum analyzer market's highest revenue share belongs to the telecoms industry. The usage of optical spectrum analyzers in the telecom sector is being boosted by the fast-changing telecom environment, the rising uptake of 5G communications, and the booming R&D of future more advanced telecom networks. Additionally, OSAs are very important to producers of telecom equipment because of the diverse variety of uses they have in the sector, namely in R&D and field uses. 

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Growing Sale of EVs Influences Lithium-Ion Battery Metals Market

 A lithium-ion battery is a particular kind of rechargeable battery made up of cells where lithium ions travel during discharge from the negative electrode via an electrolyte to the positively charged electrode and back again during charging. Li-ion batteries commonly employ graphite for the negative electrode and an intercalated lithium material for the positive electrode. The global lithium-ion battery metals market is predicted to touch $192,610.3 million by 2030.

Lithium-ion Battery Metals Market Revenue Estimation and Growth Forecast Report

The lithium-ion battery metals market's largest revenue contributor is the automotive sector. The fundamental reason for this is that the biggest emerging and developed economies are placing more and more emphasis on reducing carbon emissions and moving to electric vehicles. In 2021 set a record for this philosophy with 6.6 million electric vehicle sales, or 9% of the worldwide car market. This is causing the demand for the metals used in automobile lithium-ion batteries to increase, particularly those used in electric vehicles.  

Read Full Report: Lithium-ion Battery Metals Market Revenue Estimation and Growth Forecast Report

China is the market leader in the EV sector as a result of the government's strict pollution rules and the incentives it is providing to create a favorable EV environment, including for the purchase of vehicles. Additionally, the nation leads the EV market because of its emphasis on a robust battery production sector and extensive accessibility of the charging infrastructure.

Additionally, as part of their efforts to diversify their economies, regional governments are making large investments in the ICT industry, which will boost consumer demand for electronics in the upcoming years. Because these devices run on lithium-ion batteries, the rising demand for them will increase the need for an effective power supply. According to research, the U.S. holds a 36% share of the global ICT market, while the China and EU each hold a share of about 11%.

The lithium-iron phosphate cell chemistry would have the largest CAGR, at 34.1% in the lithium-ion battery metals market. This is due to the LFP chemistry's superior energy density, capacity, and cost-effectiveness versus others. In essence, it is expected that the booming demand for LFP batteries from the automotive and energy storage industries would support the category's leading position in the coming years.

The LFP substance is also less harmful to the environment. Manufacturers have recently dramatically boosted the number of R&D projects they are working on to create LFP batteries and the capacity to make the cells, which has contributed to the expansion of the lithium-ion battery metals market.

Currently, CATL is the leading manufacturer of LFP batteries, which Tesla uses in its Shanghai-made short- and medium-range electric vehicles. CATL also sells these batteries to Europe. Many other LFP battery market participants have been increasing their R&D expenditures and portfolio-enhancing funding like this.

With a 33.8% CAGR, the APAC lithium-ion battery metals market, which presently uses the most lithium-ion battery metals, will have the second-fastest increase throughout the projected period. The growing demand for EVs is the main factor driving the need for the metals required to create Li-ion batteries. The requirement for cathode and anode materials for automotive Li-ion batteries is still on the rise in the area as EVs are being embraced at a rapid rate in Japan, South Korea, Australia, and India.  

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AI-Based Medical Imaging Market To Reach Above $11,921 Million by 2030

In 2021, size of the AI-based medical imaging market was around $1,093 million and will reach above $11,921 million by 2030, propelling at a mammoth CAGR of above 30% in the years to come. The main factors pushing the industry are the increasing occurrence of chronic illnesses, snowballing requirements for medical services for the elderly population, and increasing R&D expenditure in the healthcare industry.

CT had the largest demand of 30%, in 2021, and will continue to lead also in the years to come. This is because of the rising occurrence of many chronic diseases like cancer and CVD conditions, and the snowballing requirement for AI-integrated innovative imaging solutions. 

Furthermore, the industry growth is also propelled by the momentous investment precisely for the expansion of AI-enabled solutions, the enormous population suffering from cancer and further chronic diseases, and numerous small, and large companies that offer a wide variety of AI-based CT imaging solutions.

Hospitals had the largest demand for these diagnostic solutions in 2021, and they will advance with a growth rate of 30% in the years to come. This is credited to the omnipresence, easy availability, and preference of hospitals as compared to other medical facilities. Furthermore, reimbursement plans are among the main factors behind the industrial dominance of hospitals.

The growing awareness of the benefits of AI techniques and their broad application areas has resulted in the high implementation of AI in the medical diagnostic sector. Several companies are teaming up or collaborating for offering the most prominent technologies to consumers in healthcare. These AI-based medical technologies help medics in their decision-regarding analysis and treatment. Therefore, doctors adopt these lucrative, accurate, and safe solutions as compared to the traditional ones, which, in line, help the industry to grow.

APAC will witness the highest growth in the near future, proceeding with a striking growth rate of more than 30%. This exponential growth is because of the aging population, a surging requirement for healthcare services, and snowballing investments by numerous private and government companies.

 There has been an increasing development of the healthcare sector, and because of this, the demand for AI-based medical imaging solutions is on the rise.

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Rising Usage of the Digital Biomarkers for Effective Disease Management

Digital transformation in various industries has paced up operations with increased efficiency and revenue generation. A digital biomarker is such innovative technology in the healthcare sector. 

The digital biomarkers industry generates $1,850 million revenue in 2021, and it is projected to capture $21,986.2 million revenue in 2030, advancing at a rate of 31.6%. The rising prevalence of chronic diseases and technological advancements in digital healthcare systems drive the industry.

Digital biomarkers are the foundation for precision medicine as they provide strong evidence of patient outcomes. Moreover, the advancing healthcare system to deliver a value-based paradigm leads to the rising adoption of innovative solutions such as digital biomarkers. The major goal to attain such technological advancements is to enhance tailored care delivery for a better analysis of the healthcare information of the patients.

The data collection tool holds a significant share of the digital biomarkers industry accounting for 90%. These tools support data gathering and novel digital biomarkers extraction that are more precise, patient-centric, and clinically useful.

Under the data collection category, wearables which include smartwatches and fitness bands, hold a significant share of the digital biomarkers industry. Wearables by major brands such as ActiGraph, Garmin, Fitbit, and other others have proved successful in clinical studies in various fields of medicine. It includes cardiovascular diseases, rehabilitation, mental health, diabetes, and oncology for assessing the heart rate, sleep-related outcomes, sweating intensity, blood oxygen level, and step count.

Moreover, digital biomarkers can enable longitudinal insights into diseases that have progressed over time. Such novel insights cannot be tracked by current diagnostic tests for diseases such as Alzheimer’s disease, depression, and dementia. Furthermore, the rising engagement of patients has facilitated them to track their health and set their own goals for improved medication adherence and disease handling led by lifestyle interventions.

Wearable devices are increasingly being used for developing highly personalized and adaptable treatment plans. It allows prompt therapeutic intervention implementation based on minor changes in the health patterns.

The cardiovascular application of digital biomarkers contributes an extensive share to the industry revenue, accounting for 20%. It is led by the growing prevalence of cardiovascular disorders, which causes 32% of the global mortality, with an estimated death of 17.9 million people each year, according to a government source.

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