High Prevalence of Chronic Disease Such as Kidney around the Globe Is Driving the Growth of the Ioversol Market

 

Ioversol , otherwise known as IOU peroxide, is used as a dialysis anticoagulant in hospitals for the treatment of dialysis patients and is used commercially for the treatment of toothache. It is an oxidizing agent for internal applications in the human body. The Ioversol chemical name is Isoflavones and contains seven carbon atoms with one hydrogen atom in common with many substances derived from plants (Isoflavones). Isoflavones are commonly found in fruits such as strawberry and lemon, and also in egg yolk and some vegetables, notably artichokes, parsley, beets, carrots, leek, and kidney beans. Ioversol (Iodine-Orient-containing Nutrient suspension) is generally used for the relief of inflammation and to treat infections, to prevent or reduce bleeding, as dialysis therapy and to increase blood flow and oxygenate blood

The growing prevalence of bone-related disorders is a prime factor driving the growth of the ioversol market. Increasing geriatric population around the globe which is increasing the prevalence of the various chronic disease. This has raised the demand for a various diagnostic tool such as X-ray which is another key factor fueling the growth of the market. According to the United Nation, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). By 2050, one in four persons living in Europe and Northern America could be aged 65 or over. The rise in spending on the healthcare sector by government for improving the patient care is further anticipated to propel the growth of the ioversol market.

North America is projected to gain significant growth over the forecast period and this is attributed to the high prevalence of the bone-related disorder in the region which. In 2017, the number of Canadians affected by osteoporosis had increased to 2 million. By the year 2030, the number of hip fractures is expected to quadruple. Moreover, In Canadians of 40 years or older, 1.5 million (10%) reported having been diagnosed with osteoporosis. Thus the high prevalence of bone a related disorder is projected to foster the growth of the ioversol market.

Key Developments:

1.      In December 2020, Guerbet (GBT), a global provider of medical imaging, announced that it received US Food and Drug Administration approval for the commercial sale of the Optiray® Imaging Bulk Package (IBP) (Ioversol Injection) in the United States.

Anti-Snoring Treatment Market Continues to Grow Owing to the Growing Incidence of Snoring, Other Sleep-Related Disorders, and Consumption of Drugs and Alcohol Worldwide

 

Anti-snoring treatment is a way to keep the air passage of the body open when the individual is asleep. In simpler terms, this means that it is a device that is specially designed to keep the airway open so that the individual does not experience snoring while being asleep. In some cases, it's a mouthpiece that goes over the teeth to prevent from snoring when asleep. For other cases, it may be something else like a chin strap that holds the jaw up during sleep, or it could be an electronic device that makes noise to distract the sleep.

When someone is asleep, their mouth is completely closed, and this causes air to hit the tongue and throat as it passes by, vibrating, causing a sound known as snoring. Now when the airway is partially open because of some obstruction or some slight movement, this too vibrates and makes a very loud noise. This can easily be avoided by simply clearing the airway before going to bed.

Market Dynamics                                  

The main factor driving the growth of the anti-snoring treatment market is the increased rate of drug and alcohol intake. For instance, according to RAND Corporation, there is approximate spending of US$ 100 billion on drugs annually in the U.S. According to National Institute on Drug Abuse, over 70,000 Americans died from a drug overdose in 2019. The intake of high amounts and drugs and alcohol can lead to various physical issues, such as blockage of the nasal passage, which results in snoring. Moreover, unhealthy lifestyles such as high-calorie intake, obesity, and stress are estimated to propel the growth of the anti-snoring treatment market.

However, absence of knowledge related to proper treatments and the costly anti-snoring surgeries and devices are the main restraining factor hindering the growth of the anti-snoring treatment market.

This market is distributed in five regions that include North America, Asia-Pacific, Europe, Africa, and the Middle East, and Latin America. Among these, North America is estimated to hold a significant share of the anti-snoring treatment market owing to the high consumption of drugs and alcohol and the increase of snoring disorder in the region. For instance, according to Johns Hopkins Medicine, an estimate of over 45% of U.S. adults snore occasionally while 25% do it regularly.

The anti-snoring treatment market in the Asia Pacific is estimated to witness significant growth owing to the prevalence of sleeping disorders in the region and low-cost surgeries and devices.

Competitive Analysis

Key companies in the global anti-snoring treatment market are Airing CPAP, ResMed, Inc., AccuMED Corp., Sleep Well Enjoy Life, Ltd., Sleeping Well, LLC, Fisher & Paykel Healthcare, Apnea Sciences Corporation, and GlaxoSmithKline, plc.

In February 2021, the U.S. Food and Drug Administration approved the usage of eXciteOSA developed by Signifier Medical Technologies. This anti-snoring device zaps the tongue to reduce snoring frequencies.

 

Hashgraph Market Is Expected to Witness Robust Growth in the Near Future with Growing Volume of Online Transactions and Rising Penetration of High-Speed Internet in Emerging Economies

 

Hashgraph is an on-block distributed ledger technology invented by Leemon Baird, the founder and CTO of Swirlds. It is an asynchronous Byzantine Hashtable proof algorithm that they consider quite capable of securing the distributed ledger against attacks by external actors. The concept is not entirely new to programmers, but hashgraph does add a new dimension to the distributed ledger design, by combining the advantages of Proof-of Capacity with the efficiency of a ledger. According to the developers, this new combination offers a number of unique benefits, such as lower system cost and faster transaction processing speed for example. In general, it may be worthwhile to implement a hybrid form of ledger technology such as Hashgraph, since it will help to strengthen both scalability and performance of the distributed ledger. Hashgraph uses an off-block scheme to provide its proof-of-capacity capacity capabilities, which has the potential to revolutionize how off-blockchain technologies will be perceived going forward.

Increasing volume of online financial transactions and banking activities is expected to drive growth of the global hashgraph market. Rising penetration of high-speed internet and smartphones has increased online transactions significantly over the years in both developed and emerging economies. According to the Internet World Stats, up until September 2020, there were over 4.9 billion internet users across the globe Asia leading the way. According to the same source, in 2020, the internet penetration rates in North America reached 90.3%, followed by Europe at 87.2% and Latin America/Caribbean with 71.5%. Such vast internet penetration accelerated growth of online financial transactions. As a result of this, the adoption of hashgraph is expected to boost significantly in the near future. Hence, these factors are expected to drive growth of the global hashgraph market. Furthermore, advanced security features as compared to conventional payment solutions are expected to propel the global hashgraph market growth in the near future. Hashgraph provides advanced security solutions for online transactions since its algorithm achieves this by its fast, fair Asynchronous Byzantine Fault Tolerance (aBFT).

Stringent government regulations on cryptocurrency are expected to hamper the global hashgraph market growth in the near future. Among regions, North America is expected to witness significant growth in the global hashgraph market. This is the early adoption of hashgraph technology in the local finance industry as a security solution in the U.S. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to rising internet penetration across the region.

Oilfield Stimulation Chemicals Market Is Growing Rapidly with BASF SE Expanding Its Production Capacity with the Installation of Enhanced Oil Recovery Polymer Injection Plants in Argentina

 

Oilfield Chemicals have been on the rise over the past few years. This steady increase in popularity is largely due to the fact that the average cost of starting an oilfield business is much less than the cost of starting an operations-based business such as a hospital or dentist's office. The average cost of starting an oilfield business is less than half of what it would cost to have the same type of equipment and supplies installed in your own business. There are also many government and private grants available to help new small businesses get started.

Growing deep drilling operations is expected to drive growth of the global oilfield stimulation chemicals market. Many oil and gas corporations worldwide are focused on oil drilling activities with rising investment in the oil & gas sector. For instance, in December 2020, ExxonMobil Corporation and PETRONAS discovered hydrocarbons at Sloanea-1 exploration well on Block 52 offshore Suriname. Furthermore, in October 2020, ExxonMobil made its final investment of US$ 9 billion in Payara field offshore development in Guyana. As a result of rising deep drilling operations across the globe, the demand for stimulation chemicals for hydraulic fracturing, acid fracking, matrix acidization, and other processes. Hence, these factors are expected to drive growth of the global oilfield stimulation chemicals market. Furthermore, increasing crude oil production is expected to propel the global oilfield stimulation chemicals market growth in the near future.

Low prices of crude oil and stringent government regulations combined with high environmental risk are expected to hamper the global oilfield stimulation chemicals market growth in the near future. However, the use of biopolymer in the stimulation and discovery of new oilfields in Latin America and Africa can provide major business opportunities in the near future. Among regions, North America is expected to witness significant growth in the global oilfield stimulation chemicals market. This is owing to the presence of a mature sector in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing number of exploration activities in the South China Sea and Southeast Asian countries.

Key players involved in the global oilfield stimulation chemicals market are The Dow Chemical Company, BASF SE, Clariant, DuPont, Chevron Phillips, Lubrizol Corporation, Schlumberger, Halliburton, Stepan Company, and Baker Hughes.

For instance, in September 2020, BASF SE expanded its production capacity with the installation of enhanced oil recovery polymer injection plants in Argentina.

Biometric Sensors Market Continues to Grow Owing to the Demand from Various Governmental and Private Organizations to Secure and Protect Confidential Information and Systems

 

Biometric Sensors are small electronic devices that can detect physical changes, such as changing facial expressions, to determine an individual's identity. Biometric sensors were initially developed for use in prisons, but they quickly found a variety of other applications. Some biometric security systems rely on finger scanning; however, a more secure method is to use voice recognition to prevent unauthorized access to secured areas. If a criminal can't be caught by physical means, he has to be detected by voice or fingerprint recognition technology. Currently, biometric security systems can be found in airports, banks, and other businesses, but many people are finding that they are used even more frequently than previously realized. A growing trend is for businesses to take fingerprints and voiceprints and use them to gain access to secured areas.

Market Dynamics                                  

The main driving factor influencing the growth of the biometric sensors market is the increasing cases related to security breaches all across the world. In the last previous years, there have been various cases of hacking and cybercrimes all over the world, which has made organizations adopt advanced technologies such as biometric sensors. For instance, according to the U.S. United States Department of Homeland Security, there have been around 1473 security breaches in the region in which 164.68 million confidential records have been exposed. Moreover, huge investment in technologies related to security and favorable government policies is expected to drive the market growth of biometric sensors.

However, frequent technological glitches and the cost of biometric machines are the main restraining factor hindering the growth of the market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Africa, and the Middle East, and Latin America. Among these, North America is expected to hold a bigger share of the biometric sensors market owing to the presence of key players in the region and the increasing cases of security breaches. Additionally, investors are leaning towards investing in the technological sector, which is expected to augment the growth of the biometric sensors market in the region. For instance, according to SelectUSA Investment Summit, in 2020 U.S. expenditure on technology devices, staff and services has been approximately US$ 1.85 million. The biometric sensor market in the Asia Pacific is estimated to witness significant growth owing to the governments' initiative to secure confidential data and information by adopting advanced technologies in private and government organizations.

Competitive Analysis

Key players operating in the biometric sensor market include ZKTeco Inc, Suprema Inc., IDEX ASA, Precise Biometrics AB, NEC Corporation, Fulcrum Biometrics LLC, Crossmatch, and 3M Company.

In February 2021, WhatsApp announced it will be using biometric sensors to protect the privacy and information of its users. Likewise, in January 2021 Apple announced optical in-display fingerprint sensors in its upcoming devices.

Unsaturated Polyester Resins Market is Expanding Rapidly with INEOS Enterprises Completes Acquisition of Ashland Global Holdings Inc.’s Composite Business Including BDO Facility in Germany

 

Unsaturated polyester is the base compound of polyester. Polyester resin is made by combining resins or fats with an appropriate amount of binder, if necessary. The fats are usually vegetable oil likely, cottonseed oil, and soybean oil. When mixing resins and fats together, the resulting product is known as a polymeric product or resin. These type of products are generally stable, low-quality, although can be used to create large items such as sails for sailing boats.

Rising demand from the construction sector is expected to drive growth of the global unsaturated polyester resins market.  According to the India Brand Equity Foundation (IBEF), India is expected to become the third-largest construction market by 2022, for which India will require an investment work US$ 777.73 billion across infrastructure for sustainable development in the country. Furthermore, the Government of India in its Union Budget (2020-21) announced US$ 13.14 billion for road transport and highway development. Unsaturated polyester resins are mainly used for manufacturing tanks, sanitary ware, pipes, and high-performance components. Hence, such factors are expected to drive growth of the global unsaturated polyester resins market. Furthermore, a rise in demand for composites is expected to propel the global unsaturated polyester resins market growth in the near future.

Stringent regulations by government authorities and price fluctuations of raw materials are expected to hamper the global unsaturated polyester resins market growth in the near future. However, continuous product innovation and untapped potential in emerging markets can offer major business opportunities for market players in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global unsaturated polyester resins market. This is owing to rapid growth of various end-use industries such as electronics, construction, and transport in the region. Besides, favorable policies for foreign direct investments (FDI) are expected to boost the regional market growth in the near future. Furthermore, North America is expected to register a robust growth rate, owing to the robust growth of construction, electronics, and manufacturing industries.

Key players involved in the global unsaturated polyester resins market are AOC Resins, Showa Denko, Ashland, Reichhold, BASF SE, Polynt, Crystic Resins India Pvt. Ltd., Interplastic, Deltech, INEOS, DSM, and IDI Composites International.

For instance, in September 2019, INEOS Enterprises acquired Ashland Global Holdings Inc.’s composite business including the BDO facility in Germany.    

Chilled Water Storage Systems Market Continues To Grow Owing To the Demand from Various Institutions Such As Business and Schools and the Efficiency and Low Energy Consumption of the Device

 

The water from the chilled water storage systems has been treated to remove the sediment and microbes that can cause health problems in people. This water is also put through a filtration process to make sure that the water that comes out of the faucet is clean and pure. One reason why anyone might want to install a chilled water storage system in their home is for those summer months when there is an urge to drink chilled water. Chilled water is great in any household because it is still a steady temperature. It is not too cold and individuals can keep it around room temperature for long periods. Individuals can also buy water bottles and store them in their fridges so that they do not have to drink the cold water right away. It is not difficult to find one, and many retailers stock them in all sorts of sizes.

Market Dynamics                                  

The main factors driving the growth of chilled water storage systems market is lesser yearly energy consumption and operational and maintenance cost along with low initial investment costs. Authoritarian bodies of the world are continuously trying to reduce global energy consumption by initiating various devices that consume lesser energy. For instance, according to Energy Information Administration, in 2019, the US power consumption was approximately 3.9 trillion kilowatt-hours (kWh). This is expected to augment the market growth of chilled water storage systems that consumes lesser power.

However, the bigger size of these devices and the lack of space for keeping them are the main restraining factors hindering the growth of the market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Africa, and the Middle East, and Latin America. Among these, North America is expected to hold a bigger share of the chilled water storage systems owing to the development of nontraditional natural energy resources and shale oil boom that has resulted in a rapid spread of industrialization and has fueled the demand for chilled water storage systems owing to its energy-saving capabilities and efficiency. The chilled water storage systems market in the Asia Pacific is estimated to witness significant growth owing to the rising temperatures in the main countries such as India. For instance, according to the India Meteorological Department, the average temperature of the region range from 12 degrees to 25 degrees Celsius in January and 25 degrees to 35 degrees Celsius in April. Owing to this hot temperature the demand for having chilled water is an ever-rising event, propelling the growth of the chilled water storage systems market in the region.

Competitive Analysis

Key players operating in the chilled water storage system market include Wessels Company, Cooling Tower Systems, Inc., Delta Cooling Towers, Inc., King Sun Industry Co. Ltd., Johnson Controls, Berg Chilling Systems Inc., and Cool Water Technologies.

In 2019, Johnson Controls introduced the YHAU-CXR Absorption Chiller-Heater in Atlanta.

Non-Small Cell Lung Cancer Market Continues To Grow Owing to the Demands Coming From Healthcare Sectors across the World and the Rapid FDA Approvals of Drugs to Treat the Condition

 

Non-small cell lung cancer is the leading form of lung cancer found today. It tends to spread and grow more slowly than the original lung cancer (small-cell), however, it does tend to be more resistant to treatment. There are currently three common varieties of non-small cell lung cancer (NSCLC): Benign non-neoplastic non-cell carcinoma; Squamous non-neoplastic non-cell carcinoma; and Allergic non-neoplastic non-cell carcinoma). Of these three types, Benign non-neoplastic non-cell carcinoma accounts for the majority of cases.

While many patients suffering from any one of these types of non-small cell lung cancer surgeries can return to work and some do quite well, the majority do not. One of the main reasons why this occurs is because treatments for these cancers tend to be very expensive. Not only are these types of surgeries very expensive but treatment options are limited and, in some instances, there is not much that can be done once a tumor has grown. This makes it hard for people who suffer to get back to work or pursue other types of hobbies while dealing with their cancer. Another thing that many people do not realize is that most of the time if the tumors are not surgically removed, they will continue to grow.

Market Dynamics                                  

The main factor driving the growth of non-small cell lung cancer market is the increasing advances in R&D sectors that are leading to better adoption of advanced and sophisticated therapies such as immunotherapy and the high prevalence of non-small cell lung cancer worldwide. For instance, according to the American Cancer Society, non-small cell lung cancer accounts for nearly 84% of all lung cancer cases in the world. Moreover, air pollution and intake of harmful substances such as tobacco are estimated to affirmatively influence the market growth of non-small cell lung cancer.

However, the costly treatment processes and lesser knowledge related to the occurrence of cancer are the main restraining factors hindering the growth of the non-small cell lung cancer market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Africa, and the Middle East, and Latin America. Among these, North America is expected to hold a significant share of the non-small cell lung cancer market owing to the prevalence rate of the disease in the region. For instance, according to the American Cancer Society, in 2020 approximately 228,820 individuals in the region were diagnosed with non-small cell lung cancer, which includes 116,300 men and 112,520 women. The non-small cell lung cancer market in Asia-Pacific is estimated to witness significant growth owing to governmental initiatives increasing the awareness related to cancer and the expansion of the health sector in the region.

Competitive Analysis

Key players operating in the non-small cell lung cancer market include Merck & Co. Inc., Bristol Myers Squibb, Novartis AG, Boehringer Ingelheim GMBH, Eli Lilly and Company, F. Hoffmann-LA Roche Ltd., AstraZeneca plc, and Pfizer Inc.

In April 2018, the U.S. Food and Drug Association approved for Tagrisso to treat patients suffering from EGFR-mutated non-small cell lung cancer. Likewise, in February 2018, FDA approved Imfinzi to reduce the risk rate of non-small cell lung cancer.

Rise in the Number of Surgeries around the Globe Is Escalating the Growth of the Intraoperative Imaging Market

 

Intraoperative imaging is a medical term used to describe an imaging procedure used to view the internal organs of a patient. Typically, intraoperative imaging is used in the operating room to view internal organs before, during, and after surgery. Intraoperative imaging has expanded to include all parts of the body. It is now used for all ages and can be used in medicine for the prevention or detection of diseases and injuries that may have affected internal organs. Intraoperative imaging is used for many reasons in medicine. Some intraoperative imaging modalities allow the physician to know if a patient is improving before, during, and after surgery, and thus the potential for early recovery is greater.

The growing incidence of surgeries coupled with the growing advancement in technology is fueling the growth of the intraoperative imaging market.  According to the International Society of Aesthetic Plastic Surgery (ISAPS), there is a 7.4% increase in cosmetic procedures completed in 2019. The 7.4% increase is higher than in 2018 (5.6%). Both surgical and nonsurgical procedures increase in 2019 (7.1% and 7.6% respectively) compared to an increase only in nonsurgical procedures in 2018. The rising prevalence of chronic disease and increasing geriatric population which is creating advanced healthcare needs is again propelling the growth of the intraoperative imaging market.

North America is projected to gain significant growth over the forecast period and this is attributed to the high burden of chronic disease in the region due to the increasing geriatric population. According to the Rural Health Information Hub, the U.S. population is aging. At present, there are more than 46 million older adults age 65 and older living in the U.S.; by 2050, that number is expected to grow to almost 90 million. Between 2020 and 2030 alone, the time the last of the baby boom cohorts reach age 65, the number of older adults is projected to increase by almost 18 million. Moreover, the rapid adoption of advanced medical technologies is again augmenting the growth of the intraoperative imaging market.

Key Developments:

1.      In September 2019, Brainlab, the digital medical technology company has launched Loop-X™, the first mobile intraoperative imaging robot at NASS 2019 in Chicago. The Loop-X robotic architecture has a new standard in flexibility, which offer additional degrees of freedom to any surgical procedure

2.      In October 2017, IMRIS, the global provider of intraoperative imaging has launched its new corporate brand identity and its comprehensive consulting services approach during the 2017 Congress of Neurological Surgeons (CNS) Annual Meeting

3.      In September 2019, EchoPixel launched Intraoperative Device which can be used in complex and life-saving surgeries. The new device provides an interactive 3D holographic experience that physicians can use in the operating room or cath lab

Transparent Conductive Films Market Continues to Expand with Growing Smartphone and Tablet Users across U.S. and Robust Growth of Photovoltaic Industry

 

Transparent conductive films are very thin, transparent films composed of a liquid solution sandwiched between two sheets of electrically insulating material. They are an essential element in many modern electronic devices such as flat-screen displays, electric touch screens, liquid-crystal display displays, and photovoltaic cells. Their amazing transparency, however, has made them vulnerable to physical damage, wear, and tear that causes them to deteriorate over time. A layer of plastic, for instance, can easily scratch or distort the transistors and connectors that form the heart of the electronic device. Thus, it is important to protect such devices from physical damage in order to extend their life span and prevent them from wearing out prematurely.

Increasing demand for smartphones, tablets, and other devices is expected to drive growth of the global transparent conductive films market. According to the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics market was valued at US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion in 2025. According to the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019. Such rising adoption of these devices has increased the demand for transparent conductive films. These films are widely used in smartphones and tablets for touch screens and flexible screens. Hence, such factors are expected to drive growth of the global transparent conductive films market. Furthermore, rapid growth of photovoltaic industry is expected to propel the global transparent conductive films market growth in the near future.

High cost related to Indium Tin Oxide (ITO) combined with low acceptance of Graphene material is expected to hamper the global transparent conductive films market growth in the near future. However, continuous development of application products and robust growth of ITO alternatives can present lucrative growth opportunities for key competitors in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global transparent conductive films market. This is owing to the robust growth of the electronics sector in emerging economies such as India and China. Furthermore, China is the hub of the electronics sector in the Asia Pacific, which is expected to boost the regional market growth. North America is expected to register a lucrative growth rate, owing to increasing demand for smartphones across the region.

Key players involved in the global transparent conductive films market are Abrisa Technologies, Toyobo Co., Ltd, C3Nano, Toray Advanced Film Co. Ltd, Cambrios Technologies Corp., Teijin Limited, Canatu OY, Sekisui Chemical Co., Ltd, Eastman Kodak Company, OIKE & Co. Ltd, Fujifilm Corporation, and Hitachi Chemical Co. Ltd.

Porcine Vaccines Market is Growing Robustly with Zoetis Inc. Receiving the European Commission Approval for its CircoMax Myco Vaccine Indicated for Porcine Circovirus Type 2 (PCV2) and Mycoplasma Hyopneumoniae in Pigs

 

The term "porcine vaccines" refers to the vaccines developed and used in animals, rather than in humans. The purpose of porcine vaccines is to protect farm animals from things like bacterial and viral diseases. The problem is that a lot of the viruses and bacteria that affect humans aren't infectious to animals, so it's difficult to develop vaccines against them. The two major types of porcine vaccines are Bovine Adverse Genomeopathy (BAG) and Meningitis. The former vaccine is more commonly known as the Meningitis vaccination; the latter is the Bago vaccine. Both vaccines prevent harmful viruses in the animals' bloodstream. However, they do have a few differences in how they work

Increasing demand for pork worldwide is expected to drive growth of the global porcine vaccines market. According to the Organisation for Economic Co-operation and Development (OECD), the total pork consumption in OECD countries reached 23.0 kilogram/capita in 2019, increasing from 22.1 kilograms/capita in 2010. The rise in pork consumption is attributed to the rapidly growing population and rising disposable incomes in emerging economies. Porcine vaccines can improve growth performance of pigs and prevent the spread of porcine parvovirus, mastitis, and more. Hence, these factors are expected to drive growth of the global porcine vaccines market. Furthermore, continuous research and development activities for the innovation of vaccines are expected to propel the global porcine vaccines market growth in the near future.

High expenses of maintaining and handling storage conditions combined with concerns regarding reverse reaction from vaccines are expected to restrain growth of the global porcine vaccines market. However, proactive government initiatives to develop novel vaccines can provide major business opportunities for key competitors in the near future. Among regions, North America is expected to witness significant growth in the global porcine vaccines market. This is owing to increasing demand for animal protein and growing expenditure on animal health by farm owners. Europe is expected to register a robust growth rate, owing to increasing demand for animal-based food products and rising awareness regarding porcine health as well recent advancements in the field of biotechnology.

Major companies involved in the global porcine vaccines market are Bayer AG, Zoetis Inc., IDT Biologika GmbH, Vetoquinol, HIPRA, Merial, Ceva Sante Animale, Intervet Inc., Elanco, and Arko Laboratories Ltd.

For instance, in December 2020, Zoetis Inc. received the European Commission approval for CircoMax Myco, a vaccine for pigs against porcine circovirus type 2 (PCV2) and Mycoplasma hyopneumoniae.

Patient Warming Devices Market is Expected to Witness Robust Growth with Smiths Medical Inc. Introducing Level 1 Convective Warmer, a Next-Generation High-Flow Convective Warmer

 

Patient warming devices come in many forms, each designed for a specific purpose. For example, some devices are made for offices that are out of the way or for doctor offices that are smaller in size. In addition, these applications are very easy to operate and can be used without requiring a great deal of training on the part of the patient or the medical professional using the device. However, there are certain devices that are extremely efficient and are recommended by both practitioners and medical associations across the country.

Increasing number of surgical procedures is expected to drive growth of the global patient warming devices market. According to the National Health Statistics Reports, in 2017, around 48.3 million surgical and nonsurgical procedures were performed in the U.S. with around 25.7 million ambulatory surgery procedures being performed in hospitals, while 22.5 million being performed in ambulatory surgery centers (ASCs). Patient warming devices are widely used in surgical procedures, which cover before and after surgery. As a result of this, the demand for patient warming devices has increased significantly. Hence, these factors are expected to drive growth of the global patient warming devices market. Furthermore, growing geriatric and infant population is expected to propel the global patient warming devices market growth in the near future. According to the World Health Organization (WHO), the global geriatric population is expected to account for around 22% of the global population by 2050.

Presence of alternative methods and stringent regulatory framework is expected to hinder the global patient warming devices market growth in the near future. Among regions, North America is expected to witness significant growth in the global patient warming devices market are increasing number of cardiac surgeries and growing healthcare expenditure in the U.S. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to the presence of high unmet needs in the region.

Major companies involved in the global patient warming devices market 3M Company, The37Company, Belmont Medical Technologies, Stryker Corporation, Biegler GmbH, Smiths Medical Inc., Gentherm Inc., Sarstedt AG & Co. KG, GE Healthcare, Philips Healthcare, and ZOLL Medical Corporation.

For instance, in March 2019, Smiths Medical Inc. introduced Level 1 Convective Warmer, a next-generation high-flow convective warmer that offers a safe and simple thermal care solution to maintain body temperature during every state of the surgery.

Preservatives Market Continues To Grow Owing To the Increase of Food Processing Industry in Nations across the World, More Female Workforce, and Busy Lifestyle of Consumers

 

Preservatives are mainly used in pharmaceutical drugs, paints, beverages, food products, and cosmetics to prevent microbial growth and undesirable changes in the chemical and physical properties of the item. They help prolong the shelf life of food and are usually used in, food additives, flavorings, vegetables, and meat. Furthermore, some preservatives that are commonly used in different food sectors also have been used in other sectors. For instance, the use of vitamin E and other preservatives found in plants helps preserve the seeds and oil for longer time period. One of the most common preservatives that are used in foods is sulfates or sulfur dioxide. These are derivatives of organic substances and they play an important role in keeping the foods fresh and preserving their texture.

Market Dynamics                                  

The factor driving growth of the market is the increased demand for processed food across the globe. Owing to an increased amount of female workforce and a busy lifestyle there is a growing demand for processed food. Processed food contains preservatives to maximize the shelf life and to retain flavors. Preservatives are used mainly in snacks, bakery products, confectioneries, and meat, dairy, and poultry products. According to India Brand Equity Foundation (IBEF), the Indian food processing industry holds a 32% share of the nation's total food market and is one of the largest sectors in India. This industry contributes 14% of India's Gross Domestic Product (GDP), 13% of exports, and 6% of the total industrial investment.

However, the surge in imports and export prices and increasing preference for fresh products are proving to be the main restraints hindering growth of the preservatives market. Stringent regulations put forward by governmental bodies across the globe related to the usage of preservatives in foods and considering the negative health impact is another main restraining factor for the market. Despite their usage in various pharmaceutical drugs and foods, preservatives result in a number of health issues such as heart diseases, hyperactivity, and cancer. The U.S. Food and Drug Administration (FDA) has implemented several guidelines regarding the use of preservatives in medicine and food. According to U.S. FDA, a chemical preservative should meet the purity requirements mentioned in regulations in 21 CFR 172, or in the Food Chemicals Codex. Moreover, nations such as the U.K, Norway, France, Austria, and Finland have also banned the use of artificial food colorings while Canada and the U.K. have already banned the usage of Olestra, which a preservative that is used as a fat substitute.

This market is distributed in five regions that include North America, Europe, Asia Pacific, Middle East, and Africa, and Latin America. Among these, Asia Pacific is expected to hold a bigger share of the preservatives market, owing to growing demand for ready-to-eat foods and increasing amount of retail industry in the region. The market in Europe and North America is estimated to witness significant growth in the market owing to the prevalence of numerous retail outlets and the busy lifestyle of consumers, which is resulting in a growing inclination towards ready-to-eat foods.

Competitive Analysis

Major players operating in the global preservatives market include Cargill Incorporated, Corbion N.V., Kerry Group, Chr. Hansen A/S, BASF SE, Archer Daniels Midland Company, Celanese Corporation, and E. I. du Pont de Nemours and Company.

In January 2019, Symrise AG, a manufacturer of fragrances and flavors, launched the first benzyl alcohol-based preservative along with SymSave H, SymOcide BHO for personal care products and cosmetics.

Water Soluble NPK Fertilizers Market Continues To Grow Owing To Demands from Agriculture Industries Especially In Emerging Nations to Ramp Up The Yield Owing To The Growing World Population

 

Water soluble NPK fertilizers are the best for garden plants. Soluble fertilizers are easily absorbed by the soil. These are normally sold in spray form and can even be added directly to the garden. These tend to be a little bit more expensive than other types of fertilizers but they will do a much better job of keeping the soil healthy. One of the benefits of using water soluble NPK fertilizers over others is that they tend to do a better job of breaking down organic matter in the soil, this makes the soil much healthier and will help the nutrients get to where they need to go to be used by your plants.

Market Dynamics                                  

The main factor influencing the water soluble NPK fertilizers market is the increasing demand for crops with high-value produces. The increasing requirement to use specialty fertilizers is expected to augment the market growth. Moreover, the increasing population in several emerging nations and underdeveloped nations has raised severe concerns related to food security and existing food production issues. For instance, according to data by the United Nations, the estimated population of China in 2020 was 1,439,323,776, which accounts for 18.47% of the gross global population. China ranks first on the world population list. With such an extensive population rate, increased production of food is very necessary. Hence agricultural sectors are using wider amounts of water soluble NPK fertilizers to ramp up the yield. This is expected to propel the growth of water soluble NPK fertilizers market.

However, the high price of these water soluble NPK fertilizers is the main restraining factor that hinders market growth.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Africa, and Middle East, and Latin America. Among these Asia- Pacific is expected to hold a significant share of the water soluble NPK fertilizer market owing to the limited water resources and degrading arable land in the agrarian economies of the regions such as India and China. For instance, according to the Indian Council of Agricultural Research, there are currently 394.6 million acres of arable land in the region. Moreover, government initiatives and heavy investments for the betterment of agriculture are expected to boost the growth of the water soluble NPK fertilizer market in this region.

North America is estimated to witness significant growth in the market owing to the presence of key players in this region.

Competitive Analysis

Key players operating in the global water soluble NPK fertilizers market include Yara International ASA, Indian Farmers Fertiliser Cooperative Limited, The Mosaic Company, SQM S.A., Sichuan Guoguang Agrochemical, PT Petrokimia Gresik, OMEX, PhosAgro Group, K+S Aktiegesellschaft, Israel Chemicals Limited, Uralchem Group, Hebei Monband Water Soluble Fertilizer Co. Ltd., Haifa Chemicals Ltd., Eurochem Group, Coromandel International Limited, Compo Expert GmbH, Arab Potash Company, and Acron Group.

In January 2020, Gujarat Agro Industries Corporation (GAIC) introduced WSF products. Liek wise in December 2019, Van Iperen International tightened its product like in the fertilizer market of the U.S. along with its subsidiary.

Growing trend of Miniaturization of Device is Propelling the Growth of the Laser Processing Market

 

The term laser processing is used to describe a type of printing that involves using a semi-high frequency laser, in order to create high quality, vibrant images from any type of material. This technology has been around since the 1950s. Many small businesses and individuals use inkjets in their printing needs, because they are more economical and take up less space.

The growing demand for miniaturization of microelectronic devices and technological advancement in the medical industry is fostering the growth of the laser processing market. It has significant applications such as endoscopy in medical, drilling holes in metals, and targeting in the military. Moreover, increasing demand from marking & engraving, welding & brazing, cutting & scribing, drilling, cladding & coating, annealing, and material removal is again anticipated to propel the growth of the laser processing market. Rapid growth in the construction industry as lasers help builders in creating precise models of buildings is further projected to augment the growth of the market.

The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the rapid growth in the construction industry due to increasing investment. According to the India Brand Equity Foundation, the infrastructure sector has become the biggest focus area for the Government of India. In Union Budget 2020-21, the Government has announced Rs. 91.82 billion (US$ 13.14 billion) for road transport and highways. For FY21, budgetary allocation to the Ministry of Development of the North Eastern Region has been increased to Rs. 3,049 crore (US$ 429.25 million) from Rs. 2,670 crore (US$ 376.16 million) in FY20.

Key Developments:

1.      In September 2020, Fonon Technologies launch a full-range of laser equipment for Marking and Engraving, Laser Cutting, Laser Scribing, as well as 3D Engraving, 3D Additive Printing, and 3D Metal Sintering.

2.      In April 2018, Prima Power has announced the launch of its new Laser Next 2141 3D fiber laser machine. The product is designed and developed to satisfy the needs of stamped-metal-parts manufacturers in diversified industrial sectors, such as job shops, press shops, aerospace, agricultural, and automotive.

3.      In April 2020, Gigaphoton Inc. a manufacturer of light sources used in semiconductor lithography, has announced the launch of a new KrF laser “G300K” as part of its GIGANEX series that uses semiconductors manufacturing lithography light sources.

4.      In June 2019, II-VI Incorporated Launched Faster Laser Processing Heads with Integrated Vision Systems for Precision Welds in Next-Generation Automotive Manufacturing