North America Is Dominating Contrast Media Market

In 2022, the contrast media market was worth around USD 5,231.4 million, and it is projected to advance at a 4.9% CAGR from 2022 to 2030, hitting USD 7,647.7 million by 2030, according to P&S Intelligence.

Diagnostic imaging procedures, such as ultrasound, X-ray, and pioneering modalities, including CT and MRI are turning progressively common with the growing occurrence of intricate comorbidities and chronic illnesses. Furthermore, such modalities are gradually improving and becoming more exact to diagnose these circumstances, and contrast media is a main product that improves image quality.

The occurrence of chronic conditions has surged over the years because of the increasing deskbound lifestyles of individuals. Furthermore, there has been a substantial intake of high-calorie foods and insufficient physical activity, which are ultimately contributing to the growth of chronic diseases.

Key players in the market have a ton of opportunities because of surging R&D events in novel contrast agents and the making of innovative applications for them.

For example, to change the frequently-used gadolinium-based imaging agents, Gang Han, PHD., professor of molecular pharmacology and biochemistry, has got seed capital from the UMass Technology Development Fund to examine a safer, novel biogenic family of contrast agents for magnetic resonance imaging.

In 2022, based on modality, the X-ray/CT category held the largest contrast media market share, at approximately 50%. This can be ascribed to the growth in the frequency of communicable and non-communicable diseases in the past few years. As per the study, there has been a noteworthy increase in the count of CT scans during the COVID-19 pandemic.

In 2022, based on application, cardiovascular disorders held the largest market share, of around 40%, credited to the increasing number of elder populations. According to a study conducted by the WHO, the major cause of demise globally is cardiovascular diseases, which claim 17.9 million lives yearly. Additionally, the pace at which the aging populace is increasing is significantly higher than in the past.

In 2022, according to the regional analysis, North America held the largest market share, at approximately 45%. The count of inpatient check-ups in the continent is growing, credited to the deep-rooted healthcare amenities, complete disease screening programs introduced by provincial, federal, and state governments, easy access to leading-edge technology, and rising requirements for improved management of the present diseases.

Additionally, the existence of the key players in the continent is a vital contributing factor to the market development.

Hence, the contrast media industry is growing because of the increasing volume of diagnostic imaging tests for all types of diseases, and is also projected to grow more in the future.

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Electric Traction Motor Market To Touch USD 34,891 Million by 2030

The electric traction motor market was USD 12,669 million in 2022, and it will power at a rate of 13.5% in the years to come, to reach, USD 34,891 million by 2030.

The railway category will be the fastest growing application with a rate of 13.8% in the years to come. As opposed to roads, the railway is a better option and more lucrative for long-distance mass transport of products and goods.

Moreover, chiefly because of technical developments, the railway engine and motor performance has improved with regards to locomotive safety and speed. 

Electric motors are extensively utilized in the railway sector because of many advantages, such as performance efficiency, modular design, longevity, and low maintenance.

The AC category had a larger revenue share, of 86%, and it  continue like this in the years to come. This is because of the widespread use of AC motors in industrial equipment, EVs, and the railway industry. Such motors are also more effective and manageable than DC motors.

The 200–400 kW category had the largest share of revenue, in 2022, and it will maintain the position in the years to come. This is because of the wide-ranging uses of electric motors with 200–400 kW in high-speed metro systems; subway trains, and numerous added heavy industrial machineries.

Furthermore, the below 200 kW category will observe a considerable growth in the future. This has a lot to do with the growing use of electric motors with below 200 kW in the manufacturing of lightweight vehicles, advantageous environmental and governmental regulations, and an increase in the requirement for reliable motors with high torque.

APAC dominated the electric traction motor market, with a share of 44%, in 2022, and it will continue like this in the near future as well, as said by P&S Intelligence, in one of its reports. This is because of the increasing urbanization, growing per capita income, and favorable policies of the government for EVs. 

Furthermore, constant expansions of the transportation infra, including railway connections, high-speed bullet trains, HEVs, and metro rail systems; and the growing requirement for industrial railway rolling stock and narrow gauges, such as hybrid, electric, and diesel-electric locomotives, contribute to the progress in demand for these motors in the region.

Europe will have a considerable growth in the future. This will be due to rapid urbanization, leading to increased air pollution, GHG emissions, and energy waste; the growing focus of the government on the execution of effective and workable transportation solutions; and the increasing daily commuter traffic.

It is due to the growing demand for high-performance motors in the world, the demand for electric traction motors will continue to rise in the coming years as well.

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Electric Rickshaws Apart from Being Environment Friendly Provides Employment Opportunities

Talking about the emergence of e-rickshaws in India, they first hurled on the Indian roads, over a decade ago in 2011. Since then, there has only been an increase in the number of e-rickshaws on Indian roads. 

The popularity of these vehicles has increased immensely all over India, thanks to their ability to carry 4-5 passengers comfortably over a short distance, rather economically, and the most notable factor is that, all this is done without any emissions.

 With no costly or emitting fuels used and these rickshaws being powered by electricity, they in a way are much more economical then the CNG powered auto-rickshaws.

In cities like Delhi, these have emerged as a livelihood source for people, and a sustainable and economical commute for commuters.

 With all the factors like being economical, contributing no pollution, easy and comfortable ride, and also providing an earning potential, the present of e-rickshaws looks rather secure.

 With present looking secure, let’s find out something about the future of these modes of communication in India.

Though, with the expansion of battery swapping networks, it is becoming more and more possible for e-rickshaw drivers to drive to the nearest swapping station, get the exhausted battery replaced with a charged one, and get back on track without wasting too much time, and losing the opportunities to earn. 

The Union government is soon going to announce a National Battery Swapping Policy, giving more and more weightage to the adoption of not only these battery- driven rickshaws but the entire fleet of electric vehicles across the nation. 

Taking all these factors into consideration, and the increasing concerns raised by environmental organizations around the world regarding the problem of emissions, and all the countries trying to mitigate it at their level, it is only fair to say that the future of e-rickshaws in India looks a promising prospect to say the least.

We are not saying this vaguely or without any base, as per the current market scenario and dynamics, with a growth rate of 6.6%, the total demand for e-rickshaws in India will reach a value of USD 456.2 million by the end of this decade. 

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Buying a Used Car can be a Good Deal

Buying a car always makes sense, but it is not always a brand-new car, that makes sense. This statement might spring a surprise to many, but it is a fact that a used car comes with its own perks. This blog will focus on some of the pekes, offered by used cars.

Come, let us have a look at them

Save Money Along with Upgrading your Car

If you want to upgrade to a luxury car, and your budget is stopping you from going forward, then you can give a nod to buying a used car. This way, you can buy a luxury car or any car of your choice, and that too at a considerably lower price than that of a brand-new car. So, it can be said that, by going for a used car, you can save money as well as upgrade your car and rule the roads.

 Indulge in Tension-Free Driving

If you are still a rookie on the driver’s seat or go on long trips often, then you may not be that inclined to try your hands at a new car. It is very obvious to be doubtful about taking it out on the roads tension free. But, with a used car, there is no such tension. You can go driving through uneven and rough terrains without the tension of getting dents and scratches on the car.

 Get Used Cars with Warranty

The market of used car s is growing all around the globe, and the total demand will reach USD 2,980.2 billion by the end of this decade. With so much inclination toward buying used cars, most of the dealers have entered the segment of used cars. 

If you are in any sort of a doubt that, whether you will get a genuine and certified used car or not, don’t bear any sort of doubt. There are authorized car dealers, who will ensure that you get the best car and that too with a warranty.

 Less Depreciation More Saving

Every car goes through depreciation from the day, it is bought. A new car loses most of the value in the initial 3-4 years It might surprise you that a used car undergoes less depreciation than a brand-new car. This is because, it is bought, when most of the depreciation is already happened. It has a direct implication that, with less depreciation, your will be able to save more with a used car.

Pay Less Insurance Premium

Insurance is to be done at the time of purchasing a car. It is a no-brainer that the insurance of a used car will cost you much lesser than a brand-new car. It will be because the insurance amount is calculated according to the value of the car. And, since the car is new, and no depreciation has happened yet, the insurance premium will be high.

It is because of the increasing prices of new cars, that the demand for used cars is rising considerably all over the world.

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What Are the applications of Liquid-Crystal Polymers?

A liquid crystal polymer is a material that holds molecular order in both solid and liquid states. Exactly, the change from order to disorder all through the melting of an LCP arises well above the temperature at which it drops its completely crystallized structure.

This efficiently means that the material has two different melting points or, more precisely, two-phase changes. The primary phase alteration takes it from solid to liquid crystal and the next from melted crystal to full liquid. The stage between liquid and crystal is stated to as the mesophase and the exact molecules that can create a mesophase are called mesogens. LCPs can be segmented into two key categories, known as thermotropic systems and thermotropic systems.

The Liquid Crystal Polymer Market is experiencing growth and is projected to reach USD 2,360 million by 2030.

Thermotropic 

Liquid crystal polymers – are thermoplastic resins that show exclusive characteristics. Such materials have several exceptional and necessary traits such as heat tolerance for autoclaving, chemical inertness, and exceptional mechanical strength. Therefore, such materials have found function in numerous high-performance applications from electronic, automotive, food containers, and medical devices.

Lyotropic Liquid Crystals

Lyotropic liquid crystals are created in mixtures of solvents and amphiphiles, for instance, detergents and water. Thus, these stages are thermodynamically constant at distinct pressures, concentrations, and temperatures. Like thermotropic, a range of structurally distinct alterations occurs, which are collectively called lyotropic liquid crystals.

What Are the applications of Liquid-Crystal Polymers?

Liquid crystal polymers have an extensive variety of potential utilization thanks to their excellent physical characteristics. Some examples are shown below.

• Electrical connectors: Liquid crystal polymers plastic can be utilized to create conductive electrical connectors. They work to remove static build-ups and discharges that would else make noise interference in electrical motions.

• Vascular catheter reinforcement braiding: Vascular catheters with liquid crystal polymers and plastic braid can be vital for patients experiencing MRI scans. Catheters with metallic braiding would interrelate with the magnetic field produced by the equipment.

• Surgical instruments: Surgical types of equipment are disinfected after use through radiation. Liquid crystal polymers are perfect for this as they can endure radiation without breaking down.

• Cookware coatings - cooking utensils with non-stick surfaces are essential to endure the high-temperature atmosphere of the stove also the corrosive impacts of dishwashers and acidic foods. Liquid crystal polymers can endure temperatures equal to 280℃ and the coating is not damaged by dishwasher machines.

Advantages of Liquid Crystal Polymers

• Self-reinforcing: Liquid crystal polymer resin molecular chains recollect their order when injection molded or squeeze out. Once air-conditioned, such chains enhance directional strength to the final chunks.

• Temperature resistant: Liquid crystal polymers have tremendously high working temperatures with some being capable to work up to 340℃ for a short period.

• Flame resistant: Liquid crystal polymers are characteristically fired resilient.

• Chemical resistance: Liquid crystal polymers are resilient to an extensive variety of chemicals.

Hence, the main drivers of the liquid crystal polymer industry such as the growing requirement for consumer electronic items, the growing sales of lightweight vehicles, and its outstanding mechanical strength.

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Patient Engagement Solutions Market To Generate USD 37,267.1 Million by 2030

Patients, doctors, and other healthcare professionals collaborate to improve results through a technique called patient engagement. Patients get access to the most recent information on their health reports, doses, and medicines. Using this program, both the patient and the consultant may administer the required therapies and control their own healthcare.

Patient engagement strategies provide a number of benefits, including more patient outreach, decreased problems, lower hospital readmission rates, shorter hospital stays, and improved healthcare quality.

By 2030, the market for patient engagement solutions is predicted to be worth USD 37,267.1 million, as per P&S Intelligence. The expansion can be largely attributed to the rise in chronic illness prevalence and the rising demand for sophisticated medications.

Growing Interest in Wearable Medical Technology

Wearable healthcare gadgets have gained popularity in recent years, and customers increasingly frequently use them to monitor their health and other vital indications including body mass index, blood pressure, and blood sugar.

The widespread use of technology by healthcare practitioners and patients has made it possible to gather data as well as assess its clinical utility.

The use of cutting-edge technology enables tailored diagnosis, remote monitoring of people's health, as well as proactive and preventative approaches to illness treatment.

Wearable technology makes it simple to get tailored health information for behavioral change programs and self-diagnosis. This reduces the number of hospital visits, which lowers total spending.

Further, the market is expanding due to technology developments in patient-centric wearables with applications, notably in biosensing wearables. Smartwatches, garments with integrated sensors, badges with sociometric data, and headbands are a few of the wearables that are often utilized.

As a result, the industry for patient engagement solutions is growing internationally due to the rising demand for wearable technology.

Due to the quick uptake of this software by healthcare institutions to streamline complicated health data and personalize it in accordance with needs, the software category held the greatest share in the sector in 2022, accounting for around 60% of total revenue.

Additionally, it enhances appointment scheduling, data exchange, and real-time monitoring. The advantages of integrated software, including greater patient-provider communication, increased interoperability, and higher coding accuracy, has resulted in its widespread use in healthcare institutions in recent years.

Similarly to this, the service sector is expanding quickly as a result of services' ability to enhance health outcomes by optimizing and using patient engagement solutions in accordance with customer needs.

Patient Engagement Solutions Are Increasingly Popular in North America

Because of its established hospital infrastructure, escalating count of HIT solution providers, and rising frequency of chronic illnesses, the North American market retains the highest share, at more than 40%.

The region's market is primarily driven by the region's expanding elderly population, expanding healthcare spending, and improving healthcare infrastructure.

The healthcare system in the U.S. is more complicated, with a substantial amount of documentation and a number of procedures for the commercialization of devices and treatments. Individuals' data are handled manually for all healthcare activities, which results in errors and delays.

As a result, the nation's healthcare providers are quickly embracing these technologies to enable effective patient and hospital data management.

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mHealth Market To Reach USD 154,115 Million by 2030

 The total revenue of the mHealth market was USD 59,640 million in 2022, which will grow at a rate of 12.60% in the years to come, to touch a value of USD 154,115 million by 2030.

Connected devices had the largest share of revenue, of about 48% in the recent past, and it will consolidate its position in the future. 

This has a lot to do with the growing use of internet, increasing usage of tablets and smartphones, mounting need for enhanced patient care, increasing demand for a lower cost of care, and robust emphasis on real-time management of diseases.

Healthcare apps had the larger revenue share, and this trend will continue in the years to come as well. This is because of the increasing cases of chronic diseases amongst the elderly population, increasing preference for suitable health solutions, and high internet penetration along with the usage of smartphones.

Service apps also generated a considerable revenue in the past. This is credited to the growing requirement for online consultation, healthcare surveillance, remote monitoring, and emergency response; increasing count of outpatient settings, growing requirement for frequently tracking the health of patients, and increasing number of initiatives by the government to spread consciousness about overall health.

Mobile operators dominated the mHealth market with a share of 51%, in 2022, and they will maintain their dominance by the end of this decade as well. This is owing to the increase in the subscriber count, incessant development in the network infra, rise in the acceptance of the 4G and 5G, and increase in the number of industry consolidation activities.

The growing use of smartphones and tablets in various developed and developing countries is a main factor powering the growth of the industry. Mobile users are quickly switching to smartphones because of the obtainability of reasonably priced 3G and 4G spectra. 

This increasing use of smartphones, together with the increasing awareness of the numerous advantages of these services and devices, such as preventive care, will power the requirement for them. 

North America had the largest revenue share of about 38% in the past, and it will continue its dominance in the future, as per a report published by P&S Intelligence.

It is because of the increasing healthcare spending, rising number of cases of chronic ailments, growing elderly population, and sophisticated network infra.

Apart from this, the increasing burden of cardiovascular diseases, and increasing number of in-house patients boost the growth of the industry.

It is because of the increasing use of internet and smartphone, the demand for mHealth services will continue to rise in the future as well.

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