Sports Supplements Market Energized

The global sports supplements market is projected to advance at a CAGR of 8.8% during 2012–2022. Among the various product types, the protein supplements category held the largest market share in 2015.

The rise in urban development and surge in health clubs and fitness centers are the key factors driving the sports supplements market. The surge in the demand for caffeine-free products and increased focus toward better products’ development by companies are being observed as the key trends in the market. Additionally, with the rise in health concerns among consumers, the demand for supplements with negligible side-effects has surged. Due to this, the sales of caffeine-free sports supplements have grown significantly in recent years. Several nutritionists also recommend the use of stimulant-free pre-workout supplements. As the awareness pertaining to the benefits of the ingredients used in sports supplements is growing, the demand for sports supplements is projected to surge during the forecast period.

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Earlier, sports activities used to be limited to young adults; however, children have also started taking a keen interest in them. Children are getting motivated by their parents to participate in sports events, which would lead to overall development and boost their confidence level. This is expected to driving the demand for such products, and in turn, the sports supplements market during the forecast period.

Consumers’ demand for sports supplements has been inclining toward products that provide more benefits when compared to traditional products. This has impelled companies to develop new products to cater to their customers’ needs. Further, to increase the efficiency of their products, sports supplement manufacturers are focused on research and development.

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Some of the major players in the global sports supplements market are Atlantic Grupa d.d., Enervit S.p.A, Creative Edge Nutrition Inc., GlaxoSmithKline PLC, Glanbia PLC, GNC Holdings Inc., Herbalife Nutrition Ltd., Nature’s Bounty Co., Universal Nutrition, and Scitec Ltd.

Market Segmentation

By Type

• Protein Supplements
  • Powders
  • Bars
  • Ready-to-drink
• Non-Protein Supplements
  • Amino acids
  • Creatine
  • Beta alanine
• Herbal Supplements
  • Tea bags
  • Capsules
  • Tablets
  • Liquids
  • Powders

By Distribution Channel

• Supermarkets and Hypermarkets
• Health Food Stores
• Fitness Clubs
• Drug Stores
• Others

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Current Market Scenario of Automotive Fuel Transfer Pumps Market

Technological advancements and changing consumer preferences are driving the automotive fuel transfer pumps market across the world. In 2015, the market valued $49,052.6 million, and it is projected to advance at a 4.7% CAGR during the forecast period (2016–2022). Fuel transfer pumps were initially installed in vehicles to supply the fuel to the engine from the fuel tank. But with rising pollution, these are also being used to increase the fuel efficiency and performance.

Several types of pumps are available in the market, including fuel supply, fuel injection, transmission oil, engine oil, and vacuum pumps. Among all, fuel supply pumps registered the highest sales and revenue in the automotive fuel transfer pumps market in 2015. Fuel supply pumps transfer the fuel from the storage tank to the engine, without which vehicles cannot move. Therefore, owing to their importance in vehicles, these dominated the market and will continue to do so during the forecast period.

However, vacuum pumps are expected to advance with the highest revenue and sales volume CAGR in the market during the forecast period. Apart from creating vacuum for braking systems, these are also used in air conditioning and central locking systems. The reason for their rapid growth would be the changing consumer preferences, which are compelling automotive manufacturers to offer such advanced systems in their vehicles. Hardly any personal vehicle nowadays comes without air conditioning, whereas the central locking system is also gaining rapid popularity.

This is because with rising disposable income, more consumers are able to afford vehicles with premium features. In countries such as Brazil, India, and China, these systems are moving beyond premium and executive cars to be included in compact as well as mid-segment cars. Further, with the existence of numerous large automotive makers and consumer base, the competition in the automobile industry is increasing. To be on top, vehicle manufacturers are equipping their vehicles with such systems, many of which require fuel transfer systems, including vacuum pumps.

Another reason for the growth of the market is technological advancements. To dominate the competition, automakers are integrating gasoline turbochargers, automatic transmission, power steering, and gasoline direct injection in vehicles. The installation of many of these systems is also a result of strict regulations in many countries with regard to carbon emissions. For instance, the fuel efficiency increases and fuel combustion improves with the use of gasoline turbocharged direct injection. So, as these systems are integrated into more vehicles, the sales of advanced fuel injection systems are expected to increase.

Hyundai Motor Company, General Motors, BMW AG, Ford Motor Company, and Volkswagen offer the technology in their personal vehicles. Just as the gasoline turbocharged direct injection technology becomes popular in personal vehicles, diesel turbocharged direct injection systems are being rapidly installed in commercial vehicles, such as buses and trucks. Such heavy-duty vehicles generate lots of emissions; therefore, it is becoming necessary to equip them with technologies that help reduce pollution. Therefore, with the rising commercial vehicle sales, the automotive fuel transfer pumps industry is predicted to prosper further.

Across the world, Asia-Pacific dominated the market during the historical period (2012–2015) in terms of sales volume as well as revenue, and it is expected to maintain its dominance during the forecast period. However, the automotive fuel transfer pumps market is projected to grow the fastest in Middle East and Africa in terms of value and volume owing to the rapidly surging demand for passenger cars and increasing technological advancements in automotive technology.

Hence, with the growth of the automobile industry in developing countries, the market for automotive fuel transfer pumps would continue to progress.

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Energy Harvesting System Market to Witness a CAGR of 11.0% in Coming Future

Annually, 35,000–45,000 pounds of CO₂ emissions are attributed to an average person. The increasing global carbon footprint and rising amount of greenhouse gas emissions are leading to climate change. The changing climate, shifting rainfall patterns, and rising temperature are further resulting in the depletion of natural resources, upon which numerous economies are dependent.

The governments across the globe, in order to remedy this situation, are focusing on ways to reduce the carbon footprint. Minimizing the wastage of energy and harvesting it instead is one of the ways to accomplish this. The process of energy harvesting converts wasted energy, which is accumulated, into currents and electrical voltages. 

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The systems used for the purpose of harvesting energy also make sure that the electricity bill doesn’t burn a hole in individuals’ pockets. These factors are leading to an increasing demand for energy harvesting systems and devices.

The natural resources generally used for the generation of energy, for example fossil fuels, are finite and take a heavy toll on the environment. As per the BP Statistical Review of World Energy, in 2010, the world was left with only 188.8 million tons of oil in the reserves that are known to humans, which is only enough to meet the world’s demands for the coming 46.2 years. 

Thus, it has become vital to look for new ways that could help generate energy and reduce environmental degradation, and energy harvesting could be the way to achieve this. The global energy harvesting system market attained a value of $358.5 million in 2017, and it is further predicted to grow at a CAGR of 11.0% in the coming years. 

The growth of the market is because of the rising adoption of internet of things (IoT) and increasing demand for power-efficient systems for building automation.

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Geospatial Imagery Analytics Market Predicted to Grow at a CAGR of 28.7% in Coming Years

The global geospatial imagery analytics market is expected to reach $14,687.9 million by 2023, registering a CAGR of 28.7% during the forecast period. The rising demand for such solutions from enterprises due to the strong competition and advancements in the geospatial imagery analytics technology is the major factors driving the growth of the market. Indian Space Research Organisation (ISRO) launched 104 satellites in February 2017, out of which 88 were small satellites. Since nano and small satellites are of low mass and size, usually under 500 kg, they are easier to launch. This means that the number of satellites around the earth will be increased, leading to high-revisit rates and greater data frequency. Due to these advances in satellite manufacturing (ranging from creating unique designs to mass assembly of standard products), the adoption of space-based sensing with continual improvements in image resolution at a lower cost is expected to increase. This is further predicted to drive the adoption of geospatial imagery analytical methods.

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Geospatial imagery analytics is used to leverage and recognize the unique characteristics of unstructured geospatial data (geospatial images and videos). The method helps understand the specifications and intricacies of an area by identifying the patterns and relations in a geographic space and the changes they experience over time. The global geospatial imagery analytics market was expected to reach $3,196.2 million in 2017, and it is further projected to grow at a CAGR of 28.7% in the near future. Apart from satellites, geospatial imagery is collected through geographic information system (GIS) and unmanned aerial vehicles (UAVs). 

Technological advancements are driving the adoption of geospatial imagery analytics. The manual processing done for analyzing any pattern or demographic change in large datasets, after the images have been captured by collection mediums, make the whole process slow, complex, and monotonous. In order to deal with this, service providers are focusing on integrating the deep learning, artificial intelligence (AI), and big data technologies in geospatial imagery analytics and are integrating these in their services rapidly. Various industries, such as banking, financial services & insurance (BFSI), disaster management, retail & e-commerce, and military, are getting beneficial results from these technological advancements. The demand for these services has risen considerably in the recent past as these technological advancements enable end-users with a faster and more-efficient analysis of data.

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A great opportunity for geospatial imagery analytics market players has arisen due to the increasing use of location-based services (LBS), which make use of such technology. According to a study, the number of users utilizing LBS in the U.S. alone grew from around 196 million to nearly 219 million during 2016–2017. This rise in the use of these services is due to the increasing number of internet-enabled devices around the world.

Location-based features are generally integrated in internet-connected devices to help consumers in the interpretation of real-time maps for useful insights. At the core of LBS are geospatial data analytics services. Hence, the growing adoption of smartphones and the quick sharing capability of hyper-local information is leading to the rising adoption of LBS, thereby further creating growth opportunities for the vendors providing these services.

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Increasing Geriatric Population Driving Population Health Management Market

The growing geriatric population, prevalence of chronic diseases, investments, and healthcare expenditure are the key drivers for the population health management market. Advancing at a 23.3% CAGR during the forecast period (2016–2022), the market is projected to garner more than $48.1 billion in 2022, compared to $13.6 billion in 2016. The collection of patient data via multiple health information technology resources to be compiled into one single record is termed as population health management (PHM). It is used to identify the diseased population, care gaps, and risks, as well as engage patients, devise treatment methodology, and measure clinical outcomes.

The population health management market is being driven by the rising geriatric population across the world. The United Nations Department of Economic and Social Affairs mentioned that by 2050, the percentage of people over the age of 60 would grow to 21.1% from 11.7% in 2013. With age, the body’s ability to heal wounds, circulate blood, and fight infections diminishes, which makes the elderly more susceptible to many diseases, such as cardiovascular and neurological diseases. Further, many older people sometimes require personalized treatment, in which PHM can be extremely helpful.

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Another factor driving the growth of the population health management market is the increasing chronic disease prevalence. Lifestyle changes, unhealthy diet, and lack of awareness about many medical conditions and preventive health checkups contribute to the rising incidence of chronic diseases. The Centers for Disease Control and Prevention estimated that in 2012, nearly 117 million people lived with one or more chronic conditions in the U.S. Patients suffering from such diseases require long-term treatment and care and may even suffer from secondary ailments. PHM helps in the easy management of diseases in a cost-effective way over extended periods of time.

The segmentation of the population health management market is also done based on component. The bifurcations of this segment are service and software; in the historical period, software was the larger of the two in terms of the revenue generated in the market. As the market for PHM is still in the developing phase, different end-users are predicted to invest in new software installations, which would further contribute to their high demand, thereby resulting in their growth during the forecast period.

Therefore, the market for population health management is projected to witness remarkable growth in the forecast period owing to the increasing menace of chronic diseases, especially among the elderly.

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What is the Sales, Revenue, and Price Analysis by Regions of Biosimilars Market?

The market is driven by the rising prevalence of chronic disease, growing investment in research and development by biopharmaceutical organizations, vast pipeline of biosimilars, surging geriatric population, and the cost-efficient nature of biosimilars as compared to approved drugs.

Based on technology, the biosimilars market is classified into monoclonal antibody (mAb), bioassays, nuclear magnetic resonance (NMR), recombinant deoxyribonucleic acid (rDNA), and electrophoresis. Biosimilars manufactured using the mAb technology held 56.0% share in the market in 2018. This technology is further anticipated to be the fastest growing due to its large-scale deployment in the development of therapeutics to treat various diseases, such as immunological, cancer, and infections.

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The biosimilars market is expected to observe the fastest growth in North America, progressing at CAGR of 32.7% during the 2019–2024 period. This can be mainly attributed to the surging geriatric population, increasing prevalence of chronic diseases, and growth in R&D investments.

Companies in North America have more freedom to price their products as they want compared to other regions, and advanced technologies and trained scientific personnel are readily available in here, which make it ideal for pharmaceutical companies.

Furthermore, in January 2019, Samsung Bioepis Co. Ltd. partnered with 3SBio Group to expand the business of biosimilars in China. With the collaboration, Samsung Bioepis Co. Ltd. will seek to enlarge its biosimilars portfolio, while 3SBio Group will be supported by the sales of Avastin.

Some of the key players operating in the market, globally, are Samsung Bioepis Co. Ltd., AMEGA Biotech, Synthon Holding B.V., Coherus BioSciences Inc., Celltrion Inc., BIOCAD, Zydus Cadila, Teva Pharmaceutical Industries Limited, Pfizer Inc., Novartis AG, Dr. Reddy’s Laboratories Ltd., and Mylan N.V.

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