Government Efforts Crucial in Increasing the Availability of Teleradiology Technology in Asia Pacific

Teleradiology is a crucial component of modern healthcare and comprises of various technologies used to allow easy sharing of diagnostic information within the medical community. While radiology itself has been a major part of healthcare for over a century, the recent advancement in digital information broadcasting technologies has allowed for the steady emergence of teleradiology. The ease of sharing diagnostic images with modern communication technologies has resulted in increasing collaboration to make the diagnostic procedure more accurate.

According to Transparency Market Research, the global teleradiology technology market was valued at more than US$1.3 bn in 2014. Exhibiting a robust 11.30% CAGR from 2015 to 2023, the market’s valuation is expected to rise to US$3.6 bn. Cloud-based teleradiology is likely to become a major part of the global teleradiology technology market in the coming years.

What are the major drivers for the global teleradiology technology market?

The prime factors driving the demand for teleradiology technology are the increasing healthcare expenditure among urban consumers and the rapid technological advancement in communication infrastructure, which has allowed hospitals all over the world to install teleradiology technology with relative ease. The steady expansion of telecommunications technologies in rural areas has also helped the global teleradiology technology market gain widespread demand. The high costs of radiology are also steadily being offset by the increasing disposable income of urban consumers. 

Which is the major regional market for teleradiology technology?

Despite North America’s dominance in the global teleradiology technology market, which is a result of the constant innovation of advanced technology in the region, Asia Pacific is likely to be the most influential regional segment of the global market in the coming years. The rapid urbanization in Asia Pacific has allowed medical care providers to include teleradiology services, while the increasing presence of telecommunications technology in rural areas is allowing small-scale healthcare providers to collaborate with major hospitals in order to improve their radiological diagnostics.

Last month, the Indian state of Uttarakhand was declared to be in line for installation of teleradiology technology at state-run hospitals, indicating the promising prospects for the teleradiology technology market in Asia Pacific. Despite the presence of radiology equipment, the lack of competent diagnosticians is often the complaint in relatively undeveloped areas. This move will allow the local hospitals to collaborate with private radiologists, who can provide their diagnoses remotely. Such schemes are being implemented across Asia Pacific, thanks to their convenience for both parties. China and Japan are also likely to be dominant in the Asia Pacific market for teleradiology technology. 

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Teleradiology technology is also likely to benefit from the increasing efforts in developed regions such as North America and Western Europe to have different medical teams coordinating for obtaining diagnoses. This increases the chances of obtaining the correct diagnosis and thus aids patient outcomes. 

High Incidences of Hearing Losses Induces High Demand for Hearing Aids

Hearing aids are devices that provide assistance to the partially deaf people by amplifying the sound signals. The hearing aids market is anticipated to boom owing to the increasing number of hearing impairment cases. However, a report by WHO indicates that the hearing aid production globally could hardly meet 10% of the total need in 2015.

Growing Geriatric Population Fuels the Demand for Hearing Aids: With a rising global population crossing the age of 60, the risk of hearing impairment is also increasing. The sales of hearing aids are positively influenced by the increasing geriatric population across the globe. Moreover, features such as proper insulation and easy-fit on the ear make hearing aid a popular choice amongst the old-age population.

Government initiatives Back the Growth of Hearing Aids Market: An increase in the level of awareness in the patients regarding the hearing aids in the last few years can be attributed to government campaigns and incentives aimed at curbing the incidence of hearing loss. The technological advancements are also playing a significant role in augmenting the sales of hearing aids. The introduction of rechargeable hearing aids with quick charging features and long lasting battery life will bolster the growth of the market. 

High Prevalence of Hearing Impairment among Adults Open Avenues for Research: Various studies report that nearly 6% of the global population suffers from hearing loss, out of which approximately 95% are adults. The incidences of hearing impairment are increasing at an alarming rate. This opens avenues for development of new products.

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Opportunities for the growth of the market are most conducive in Europe and has registered the highest number of users of hearing aids. However, rising investment in the healthcare infrastructure and high unmet medical needs are likely to make Asia Pacific market lucrative.

Advent of Cognitive Learning to Revolutionize Development of E-Clinical Solution Software

E-clinical solution software comprises programs intended to make the process of data management in the global healthcare sector easier than can be done with conventional methods. The healthcare industry generates a massive volume of patient data every day, which requires careful storage in a way that also allows easy access for future use. The confidentiality of patient data also makes the storage system used for healthcare data crucial. This has driven the demand for digital data storage systems in the last few years and several major players have adopted various types of web-based e-clinical solution software to boost their productivity. 

According to Transparency Market Research, the global market for e-clinical solution software was valued at US$3 bn in 2014. Exhibiting a robust growth rate of 13.80% from 2014 to 2020, the market is expected to rise to a valuation of US$6.8 bn. 

How is cognitive learning impacting the global e-clinical solution software market?

One of the major points discussed at last month’s Digital Health Summer Summit in San Francisco was the potential applications of cognitive learning programs in the healthcare industry. While smart data logging and tracking software is becoming common in healthcare applications, the advent of cognitive learning in the field represents a crucial milestone for the industry.

Cognitive learning programs have the ability to not only organize and secure data, but also to come up with insights based on the data and to modify the conclusions when more data is added. This presents a major advancement for the healthcare industry owing to the increased accuracy and reliability cognitive learning solutions provide. 

Which is the most popular delivery mode for e-clinical solution software?

By delivery mode, the demand for web-based e-clinical solution software dominates the global market. However, cloud-based delivery of e-clinical solution software is expected to become increasingly popular in the coming years. While web-based data storage revolutionized the healthcare industry by demonstrating the benefits of digitization, cloud-based data storage represents the logical next step of outsourcing data storage services. Cloud-based delivery of e-clinical solution software allows the end users to focus their resources on improving their core operations, which has driven the demand for cloud services. 

Of the major end users of e-clinical solution software, the pharmaceutical industry took up the leading share in the global market in 2014. The consistent need for precise data in the pharmaceutical industry has made the sector a prominent end user of e-clinical solution software, with the increasing number of clinical trials expected to provide a major boost to the demand for e-clinical solution software in the coming years. However, clinical research organizations (CROs) are another major end user segment of the global e-clinical solution software market and are likely to exhibit the fastest growth in demand in the 2014-2020 forecast period.

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What does the increasing number of clinical trials in Asia Pacific signify for the e-clinical solution software market?

Currently, North America is the global leader in the e-clinical solution software market and holds a share of close to 60% due to the strong presence of the pharmaceutical industry in the region. Nevertheless, the increasing population in Asia Pacific is expected to result in an increase in the demand for e-clinical solution software, with North America’s share expected to drop to about 55% by 2020. Several pharmaceutical and life sciences companies are setting a firm foothold in rampant Asia Pacific economies, where the demand for pharmaceutical products is likely to grow significantly in the coming years.

Increasing Research into Longer Lasting Peptide Therapeutics Set to Bear Fruit

Peptides are short-chain amino acids used therapeutically in the treatment and management of several diseases, including major killers such as diabetes. Peptides are differentiated from proteins by the length of their amino acids; proteins have longer amino acid chains than peptides. Peptides such as insulin have been in therapeutic use for a long time and have helped drive investment in research into the therapeutic efficacy of peptides. Due to the growing investment in the sector, peptide therapeutics are becoming increasingly important in the global healthcare sector. 

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According to Transparency Market Research, the global peptide therapeutics market is expected to exhibit a low yet steady 2.8% CAGR between 2014 and 2020. The market’s valuation is expected to rise from US$18.9 bn in 2013 to a projected US$23.7 bn by the end of the forecast period. Apart from the established therapeutic uses of peptides, their potential use in the treatment of various cancers, neurological disorders, hematological disorders, and cardiovascular and respiratory disorders is expected to be crucial for the market’s growth in the forecast period. 

How important will the growing prevalence of diabetes be for the peptide therapeutics market?

Despite the increasing research into the use of peptides in the treatment of various other diseases, the use of insulin in diabetes management remains the key application of peptide therapeutics. Diabetes has not shown any signs of slowing down since insulin became the first therapeutically used peptide; in fact, its prevalence has grown rapidly in the last few decades, as the increasing prosperity in developed economies has made various risk factors for diabetes increasingly accessible to the average consumer. The disease is expected to remain a global healthcare concern in the coming years, driving the market for advanced insulin products.

Apart from the use of insulin in diabetes management, what is the key driver for the peptide therapeutics market?

The increasing innovation of advanced peptide therapeutics is another key driver for the global peptide therapeutics. As the infrastructure for clinical research into peptide therapeutics becomes more refined, the use of high-precision methods and tools has allowed market giants to come up with safe and effective peptide therapeutics. Due to the increasing consumer satisfaction brought about by technological progress, collaboration between biotech and pharmaceutical companies is expected to be a prominent feature of the global peptide therapeutics market in the coming years.

A key advancement in the field of peptide therapeutics is the innovation of stable peptide molecules that aren’t degenerated by the body as quickly as conventional peptides. The conventional mode of delivering peptide therapeutics has involved permeability enhancement, which comprises various techniques to ease the entry of the peptide into the vascular network around the digestive tract. However, most slow-acting peptide therapeutics fail to achieve significant bioavailability through this procedure. The promising recent development of a phase-II GLP-1 analog that has a circulating half life of around one week by Novo Nordisk could open the doors for peptide therapeutics to be used on a wider scale in the treatment of several other diseases.

Which region presents the most lucrative opportunities for producers of peptide therapeutics?

Even though North America and Europe currently account for a majority share in the global peptide therapeutics market, the future of the market is expected to be dominated by Asia Pacific. The medical research sector in Asia Pacific has undergone significant development in the last few years, and the high prevalence of diabetes in Asian races means peptide therapeutics are not an entirely novel field.

Emergence of Home-based Healthcare to Shape Utilization of Mobile Imaging Services

Mobile imaging services comprise a group of devices and technologies that allow diagnostic imaging to be conducted in non-hospital settings and the results sent to physicians. This is especially convenient in situations where the patient is suffering from disorders that restrain their movement, or the patient is in a remote area and can’t physically visit the hospital. The growing demand for home healthcare solutions is thus favorable for the mobile imaging services market. Hospitals themselves are also exhibiting increasing demand for mobile imaging services, as they present a cost-effective alternative over conventional fixed medical imaging equipment.

According to Transparency Market Research, the global mobile imaging services market was valued at US$10.7 bn in 2013. Exhibiting a steady 3.2% CAGR from 2014 to 2020, the market is expected to rise to a valuation of US$13.3 bn.

How important will hospitals be to the mobile imaging services market in the coming years?

Despite their obvious utility in healthcare dispensation to remote areas or in home-based healthcare settings, the primary driver for the demand for mobile imaging services is their increasing use in hospitals. While stationary imaging equipment has been the norm in hospitals for a long time, the impending obsolescence of many imaging devices in the face of consistent technological advancement has necessitated the use of cost-effective modern alternatives such as mobile imaging.

Small hospitals are the key end users of mobile imaging services. These hospitals need to keep in touch with the contemporaneous technological scenario, but the relatively low volume of patients doesn’t allow them to install advanced stationary equipment on a mass scale. In this situation, using outsourced mobile imaging services becomes a vital solution for hospitals operating in a certain budget range. This is the way the mobile imaging services market has shaped up in North America and Europe. The increasing sophistication of teleradiology technologies is likely to ensure it remains this way in the coming years.

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What is the key trend in the global mobile imaging services market?

The launch of mobile imaging units by major hospitals is a key trend in the global mobile imaging services market. While it has increased the demand for mobile imaging equipment, the high transportation costs and frequent maintenance requirements may put many hospitals off the idea of establishing their own mobile imaging unit. The increasing ease of incorporating teleradiology solutions is also likely to count against the mobile imaging services market, especially with smaller hospitals.

The increasing global geriatric population has led to the development of imaging solutions that don’t require the patients to be physically present in the hospital, and home care solutions are already becoming common in North America and Western Europe, which are virtually the only markets for mobile imaging services at present. This is another key driver for the global mobile imaging services market.

Government Support Crucial for Widespread Adoption of Stem Cell Therapy

Stem cells are a type of human cells that give rise to the various types of cells found in the human body. Stem cells hold the potential to evolve into various types of human tissue, which has led to a growing acknowledgement of the obvious medical potential of this property. Stem cell therapy is becoming increasingly common in the treatment of various diseases and the increasing research in the field is expected to further drive the medical applications of stem cells in the coming years.

According to Transparency Market Research, government support is expected to be crucial in the global stem cells market’s expected rise from a 2013 valuation of US$26.3 bn to a valuation of US$119.5 bn by 2018. The market is expected to exhibit a robust 24.2% CAGR between 2012 and 2018.

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What are the major advances in the field of stem cells and their medical application?

In July 2016, a joint Dutch-Canadian research effort succeeded in discovering a viable method of increasing the amount of stem cells obtained from cord blood. Cord blood, which is blood from the placenta, contains a relatively small amount of stem cells per unit. The method formulated in the research allows researchers to increase the amount of stem cells obtained from cord blood, making this is a crucial advancement in the field of stem cell therapy. 

The team discovered that mirR-125a, a microRNA, is responsible for the property of stem cells to self-renew. This genetic ‘switch’ remains activated in stem cells but is inactivated in the progenitor cells formed from the division of stem cells. Success in activating this switch would result in self-sustaining production of stem cells, which will be a major boost for the global stem cell therapy market.

In April this year, a research team at McMaster University in Hamilton, Ontario, discovered the protein responsible for the growth and development of blood stem cells. The Musashi-2 protein could be the key to helping thousands of patients of various blood disorders, as understanding the ambit of the protein could allow researchers to increase the number of viable stem cells available for therapeutic use.

What are some of the major drivers for the stem cells market?

The key driver for the global stem cells market is the increasing government support across the world. As widespread incorporation of stem cell therapy allows a nation to significantly improve the overall healthcare scenario, countries in North America and Western Europe have provided solid support to stem cell research. The acceptance of stem cell therapy in emerging regions is still lagging behind due to the lack of advanced medical infrastructure to adopt stem cell therapy, but the steady improvement of the healthcare sector in countries such as India and China is likely to be a major growth driver for the global stem cells market.

The increasing prevalence of neurodegenerative disorders is another major driver for the global demand for stem cells. Neural tissue can’t be regenerated or replaced as easily as structural tissues, and the ability of stem cells to develop into human cells provides the perfect avenue for treatment of neurodegenerative conditions.

Smart Meters Installations Driven by Increasing Need to Reduce Electricity Wastage

The deployment of smart meters is the first step commonly carried out by many utilities in a bid to develop smart grid solutions. This is because the deployment of smart meters has the potential to deliver value across the entire value chain. However, utilities are focused on deriving different benefits from the deployment of smart meters.

Q. How is government intervention in parts of the world favoring the adoption of smart meters?

A. Due to the large number of benefits of smart meters, these devices have received endorsement from government bodies for their increased installation. Across several parts of the world, governments and other legislative agencies are pursuing initiatives for the rollout of smart meters over the next few years. Not only do smart meters determine energy consumption accurately, but they also allow meter reading remotely and fraud detection by means of storing time of usage periodically.

Q. What are the major forces driving the growth of the smart meters market?

A. Depleting fossil fuels and the increasing dependence on renewable energy sources has necessitated the installation of smart meters. This is because smart meters can keep a check on energy used by electronic equipment and measure energy consumption in real-time. Smart meters are equipped for handling and for compensating for unforeseen electricity outages, which in turn, helps improve customer service and increased profitability for utility companies.

Q. What lies ahead for smart meters with their increasing deployment in developing regions?

A. The increasing impact of regulatory factors pertaining to smart meters in Asia Pacific holds promising for the deployment of these devices. Moreover, the surging electricity demand owing to rising economic prosperity and the high degree of efficiency of smart meters is favoring their installation in this region. In particular, in China, substantial efforts for the upgradation of meters, transmission systems, and distribution networks is aiding the growth of smart meters.

Latin America and the Middle East and Africa hold immense potential for the growth of the smart meters market. With increasing economic development, these regions are increasingly adopting advanced technology to ensure energy security in the long-run.

Q. What are the top trends providing impetus to the smart meters market?

A. The increasing installation of smart grids and rising demand for advanced metering infrastructure are some notable global market trends that are steering growth of the smart meters market to a high degree. This is because smart meters provide two-way communication between utility and meters, enhanced accuracy, real-time data feeds, automated outage detection, and monitor of power quality among other features. Utilities are seeking ways continuously to reduce operating costs and enhance efficiency through data monitoring. Smart meters are assisting this effort by utilities and as such utilities are themselves promoting the development of the smart meter infrastructure.

Intelligent Analytics Embedded in Physical Security Systems to Emerge as Promising Trend

In an era where hacking of everything is possible and mega breaches are common, physical security lapses are being ignored and focus is more on logical security. However, physical security is important to protect important assets. Lack of physical security can result into more issues and losses than a virus attack. For instance, when the data server is exposed for anyone to access it, it would not matter how many service packs and firewalls have been installed in the operating system. Physical security is vital to ensure only the authorized people have physical access to the system.

The global physical security market is fueled by the accelerating budget allocation for physical security by governments owing to rising security concerns and terrorist attacks. According to a research report by Transparency Market Research (TMR), the global physical security market, which was valued at US$48 bn in 2012 is expected to reach US$125 bn by 2019 expanding at a 14.9% CAGR from 2013 to 2019.

TMR analysts answer key questions that companies operating in the global physical security market have:

Q. What are the factors increasing the demand for physical security systems?

The increasing adoption of physical security in business organizations is boosting the demand for these systems across the globe. The increasing safety concerns across the globe and thus, a rise in the demand for increased security level are boosting the demand for physical security systems. The rising number of government regulations demanding increased security levels and also the high budget allocation for physical security are enabling the growth of the market worldwide.

Continued investments in new infrastructure are leading to a rise in the purchase of physical security systems. The increasing complexity of vulnerabilities and risks that government sectors, chemical facilities, and business organizations face, are responsible for the rise in the demand for security management solutions and products.

Q. What are the opportunities for growth in the physical security market?

Convergence of physical security systems and IT is expected to open new doors of growth in the market. This will allow physical security systems such as CCTV and other security systems to be web-enabled, making them highly efficient and save significant costs. Physical security systems will benefit from IT as more systems join corporate networks in cyberspace.

Intelligent analytics embedded in physical security is an emerging trend that is expected to give manufacturers operating in the market a scope for growth. For instance, video analytics embedded in a network camera can help detect abnormal scenes and enable users to set particular object criteria and direction. The scene is then evaluated continuously and unusual activities are detected and marked for later review or annunciated.

Another trend that is budding and is expected to stay in the coming years, is the shift to cloud. The physical security market is evolving and have shifted to digital platforms, thus leveraging on cloud computing for security applications. This is enabling companies to run security applications such as virtual security guards, video surveillance, and activity tracking, at affordable prices and in a much more efficient manner.

Q. What are the recent developments in the product range by key players in the physical security market?

Honeywell has launched Pro-Watch Vindicator Edition, which delivers mission-critical solutions required by the military. The product enables economic continuity and decreases the risk of terrorism, vandalism, and intrusion.

SMARTair™ from Assa Abloy AB is an intelligent solution, stepping up from mechanical keys. It is a wireless, cost-effective solution to a high-security system. In case of a lost card SMARTair™ access control doors can simply be reprogrammed, thus negating the need to replace locks and cylinders.

Such inventions by key players are expected to ensure the physical security market’s growth.

Growing Smartphone Penetration and Convenience Pushes Adoption of Mobile Wallets

The growing use of smartphones and the rising penetration of non-traditional payment gateways have led to an increase in the adoption of mobile wallet technology. Companies such as Google, Amazon, and Apple are jumping into the mobile payment space for their transactions. Such moves are a proof that mobile wallet technology holds significant promise and the market is expected to boom in the coming years. The trend is catching on even in smaller and yet-underdeveloped markets. For example, the Bank of Jamaica (BOJ) has granted a license to the Jamaica Co-operative Credit Union League (JCCUL) for Conec, which is a mobile wallet payment service. This is expected to propel the use of mobile wallet technology on a commercial basis in the country.

According to Transparency Market Research (TMR), retail payment, restaurants, vending machines, and public transportation are the important end use applications, enabling the growth of the mobile wallets market

TMR answers three key questions that companies operating in the global mobile wallet industry may have:

Q. What are the recent developments in the mobile wallet market?

Amazon, with an intent to spread the adoption of its payment service to third-party websites, has recently launched Amazon Payments Global Partner Program. This move is expected to help e-commerce platform providers and others, to integrate with Amazon Payments, enabling them to offer the option to “pay with Amazon” during checkout.

Chase Pay mobile wallet has partnered with MCX to enable favorable payment economics and indemnification of merchants, against any customer-initiated fraud. Chase Pay is expected to go to the market with a cloud-based mobile wallet that will work with all smartphones.

Q. What are the factors challenging the growth of the market?

Even though it is widely believed that a few layers of the mobile payment process are secure, there are ways for malicious cybercriminals to get their hands on consumer data. Fraudulent incidences such as the one associated with the use of Venmo wallet are restricting the adoption of mobile wallet. A Venmo user’s account was hacked and a different email address and mobile device were added to the victim’s profile without his consent. Although Venmo has now updated its security protocols to include multifactor authentication, events such as these could potentially resulted in consumers backing out from the use of mobile wallets.

Q. What factors can be identified as core drivers behind the adoption of mobile wallet?

Mobile wallet services fall under financial supervision imposed by regulatory authorities, thus assuring consumers about the safety of their usage. Convenience is one of the key factors driving the adoption of mobile wallets. The elimination of the use of paper serves as an added advantage of using mobile wallet technology. This is particularly appealing to the urban society that possesses an increased awareness regarding environmental conservation. Moreover, encouragement by governments of various countries to adopt this green technology for transactions is helping the mobile wallet market to grow.
The rise in point-of-sale terminals and near field communication (NFC) enabled smartphones are other factors driving the adoption of mobile wallets worldwide. Furthermore, market players are revolutionizing the mobile wallet technology to make it compatible with mobile payment solutions. All these factors will encourage the adoption of mobile wallets and will help the market to grow in the coming years.

Advancements in Microcontroller Design Configurations Align Increasingly with Energy Saving Norms

The advent of complex electrical systems, applications, and processing requirements has led to a significant increase in the use of microcontrollers. Microcontrollers are used in several types of electrical networks ranging from air conditioners to airplane navigation systems to cell phones to digital watches. In particular, the use of microcontrollers in automobiles is significantly important for managing automotive electronics. For instance, a typical Ford vehicle uses 25 to 35 electronic control units (ECUs) for managing the electrical systems and electronics of the automobile.

Q. How is the Internet of Things (IoT) influencing the development of microcontroller technology?

A. At present, 32-bit microcontrollers (MCUs) have become the device of choice phasing out the humble 8-bit device used previously. However, the Internet of Things is bringing a radical change in the technological development of MCUs. Thus, MCUs that are targeted to function in coherence with IoT are being designed and developed to offer wireless connectivity.

Of the three key elements of IoT, it is the edge devices and fusion devices of IoT that MCU developers are currently focused on. This is because minimal power consumption and the least possible cost are the two key requisites that IoT demands in the bid for the tiniest devices to be smart and connected. The use of ultra-low power microcontrollers is characteristic of extreme power management for the successful IoT operation, which employs a small battery for the entire lifetime of the device.

Therefore, the flexibility of microcontroller sleep modes to decrease current draw or inactivate unused circuitry has been instrumental in considerable energy savings. This helps to keep up with the increasing importance of energy management in IoT applications.

Q. In which direction is the industry progressing in developing microcontrollers for modern day applications?

A. In a recent industry development, Microchip Technology Inc. has announced its lowest energy and most cost-effective class of 32-bit PIC32 microcontrollers. With a big leap from the company’s popular PIC32MX and PIC24FXLP class of microcontrollers, Microchip’s PIC32MM class offers distinguishing features. PIC32 MCUs are equipped with core independent peripherals and have the design capability to unload the central processing unit for lower power and lower system design.

Q. How is the industrial segment contributing to the growth of the microcontrollers market?

A. As industrial communication systems head towards automation, a large number of standards are in place and are further expected to grow with the emergence of industrial Ethernet. The use of microcontrollers provide peripherals and internal system architecture needed for the efficient interface between the product and the major field busses and industrial Ethernet standards.

In addition, in product life-cycles, the need for agility and flexibility in the industrial ecosystem is on the rise. The use of microcontrollers supports extensive feedback control mechanisms and advanced sensors, thereby enabling industrial automation. These products can carry out complex control operations and are inserted in applications that require robust processing capabilities.

Demand for Acute Care Needleless Connectors to Grow due to Official Recognition of Safety Benefits

Acute care needless connectors have become an integral part of healthcare following a steady growth curve since their early development in the 1980s. Needleless connectors have replaced needle-based catheters, syringes, and administration sets in developed regions due to the increasing awareness about the risk of needlestick injuries. Acute care, which usually contains a hematological component to diagnose or monitor the condition, is thus becoming a major application area for needless connectors.

According to Transparency Market Research, the global market for acute care needleless connectors is expected to exhibit a sturdy 10.20% CAGR between 2014 and 2020, with the market’s valuation rising to US$972 mn by the end of the forecast period. The increasing uptake of needless connectors in acute care settings to reduce the prevalence of needlestick injuries to hospital staff as well as patients is the prime driver for the global market.

What is the position of global healthcare bodies on the use of acute care needleless connectors?

According to the Centers for Disease Control and Prevention, more than 300,000 sharps-related (including needlesticks as well as scalpels and other sharp instruments) injuries occur among healthcare workers in the U.S. every year. While the number of sharps injuries fell by 31.6% over the 2001-2006 period for nonsurgical settings, the number of injuries in surgical settings increased by 6.5%. Acute care needlestick connectors, which are mostly used in nonsurgical settings such as diagnosis or monitoring, have thus been shown to be a contributing factor to a reduction in the decrease in sharps injuries.

Meanwhile, according to the WHO, more than 30% of healthcare workers suffering from hepatitis B or C contract the disease from a needlestick injury. While the number is much lower for HIV/AIDS contamination – around 4% – it still is a significant concern, considering the dire prognosis of the disease. As a result, the WHO also supports initiatives to increase the use of needless connectors.

What are the major restraints on the acute care needleless connectors market?

The high risk of catheter-related bloodstream infections following the use of needleless catheters is a major restraint on the global demand for acute care needleless connectors. Since this negates the purpose of installing catheter systems that are safer than the conventional options, the acute care needleless connectors industry has taken this issue seriously, and several research projects are underway to develop needleless catheters that do not cause infections.

The large number of players operating in the global acute care needleless connectors market also means there is a significant price difference between branded and generic products. This is another key restraint on the organized acute care needleless connectors market, as branded products often require a prohibitively high investment.

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On the other hand, the increasing demand for advanced healthcare solutions in emerging Asia Pacific, Middle Eastern, and Latin American economies is the key opportunity for manufacturers of acute care needleless connectors.

Organic Food and Beverages take the World by Storm, Increasing Health Awareness Fuels Demand for Organic Products

At present, the use of artificial ingredients in food is a major concern for which consumers worldwide are seeking a solution. In several parts of the world, packaged and prepared food and drinks are perceived to be overly processed and nowhere close to food found naturally or to the food prepared from scratch in home settings. Consumers globally are crafting their own preferences for ingredients, with many people wary of artificial colors, preservatives, and sweeteners. Due to these reasons, consumers are seeking food that is simple and is prepared using fewer ingredients.

Q. What are the forces driving the growth of the organic food market?

A. The global organic food market is on a growth trajectory due to several reasons. The increasing preference for foods that are grown without the use of synthetic chemicals, coloring agents, additives, or genetic manipulation are the major factors driving the organic food market. Foods that are produced organically are considered to be safe for health, provide more nutrition, and better tasting than conventionally grown food.

In particular, in urban areas, consumers are adopting health-benefitting foods, which include organic foods as well. Consumers have a strong perception about the health benefits of naturally cultivated foods in the long run. Government regulations in place pertaining to the use of artificial ingredients and flavors in foods is also limiting their use. The rapid expansion of the organic food distribution channels is also boosting the global organic food market.

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Moreover, rising disposable incomes and increasing awareness among middle-class consumers about the health benefits and environmental benefits of organic food, predominantly in emerging economies is benefitting the global organic food and organic beverage market.

Q. Is the organic food and beverages market expanding in emerging economies?

A. Yes. The organic food and beverages market is in expansion mode in emerging economies. From the traditional markets of Europe and North America for organic food and beverages, the increasing demand for organic food and beverages in China, India, Mexico, Brazil, and Argentina have aroused the attention of organic food manufacturers for expansion in these countries.

In particular, Asia Pacific is expected to be the most lucrative market for organic food and organic beverages and display a growth rate of 28.2% between 2013 and 2019. The growth of this regional market is attributed to the increasing environmental consciousness and the increasing affinity for organic ingredients.

Q. What lies in store for the French dairy giant Danone with its purchase of White Wave Foods?

A. The all-cash transaction between Danone and the U.S organic food producer White Wave Foods, which valued the latter at US$12.5 billion, will lead Danone to be a world leader in organic produce. Furthermore, this will allow Danone to grow its business in the U.S. and occupy a unique position in the organic food and beverages space. The deal is expected to allow Danone to tap into consumer trends to develop healthier and more sustainable food and beverages.

High Occurrence of Unintended Pregnancy Drives the Demand for Oral Contraceptives Globally

The global oral contraceptive market has gained much prominence over years owing to a high incidence of unwanted pregnancies and various awareness programs run by governments and NGOs. Contraceptive pills, also known as birth control pills, are used in changing the hormonal cycles and preventing pregnancy. The rise in the concept of family planning has fueled the growth of the global oral contraceptive market. Moreover, the advantages of the oral contraceptive method over abortion to get rid of unwanted pregnancy helped the global oral contraceptive market in maintaining a positive growth rate.

Similarity in Composition with Natural Hormones Triggers the Growth of Combination Pills: In terms of types of products, the global oral contraceptive pills market has been divided into progestin-only pills, combination pills, and others. Combination pills are oral contraceptive pills composed of Ethinyl estradiol and progestin that are similar to natural sex hormones progesterone and estrogen produced in a woman’s body. This makes them highly efficient against pregnancy prevention, safer to use, and easily available. The composition pills can have a variable amount of estrogen level. Low level of estrogen causes less bloating or breast tenderness.

Research Report: http://www.transparencymarketresearch.com/oral-contraceptive-pills-market.html

Government Reimbursement Policies in North America Makes Contraceptive Market Growth More Favorable: In terms of geography, the global contraceptive pills market has been categorized into Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa. Increased awareness about contraceptive methods and availability of beneficial reimbursement policies after implementation of the Affordable Care Act has led to the leadership of North America in the global contraceptive pills market.

Improving Economic Condition Makes Asia Pacific Opportunity-Laden Market: Asia Pacific is anticipated to rise with the highest growth rate due to strong economic growth in countries such as Australia, India, China, Philippines, Singapore, and others. High incidences of unwanted pregnancy and rapidly increasing population in countries such as India and China has led to the promotion of contraceptive methods by government and NGOs.

Moreover, the increased use of contraceptive pills to prevent pregnancy after unprotected sex will mark a growth in the oral contraceptive market globally.

Demand for Water Treatment Chemicals to Surge as Developing Nations Step Up Efforts to Check Water Pollution

The demand for water treatment chemicals and technologies is anticipated to rise significantly with the rise in acute water scarcity across the globe. Industrial effluents released into water bodies have resulted to the lack of potable water. The global water treatment chemicals and technology market is anticipated to expand at a CAGR of 3.8% during the period between 2013 and 2018. The overall market stood at a valuation of US$115.80 bn in 2012 and is projected to be worth US$149.89 bn by the end of 2018.

What are the key factors impacting the growth of the global water treatment chemicals market?

Depletion in fresh water reserves worldwide has led to increasing regulatory pressure for industrial and domestic wastewater effluent treatment. The growing demand for water treatment from the emerging economies facing rapid industrialization has significantly supported the growth of the global water treatment chemicals and technology market. The market is anticipated to expand further in the coming years with governments across nations launching new initiatives for cleaning rivers and restricting the release of untreated waste water.

Which are the key product segments reaping benefits for the players in the global water treatment chemicals and technology market?

On the basis of chemicals, the global water treatment chemicals and technology market has been segmented into anti-foamants and defoamers, corrosion and scale inhibitors, biocides, coagulants and flocculants, activated carbon, and other chemicals. Corrosion and scale inhibitors drive the demand from the market. In terms of membrane systems, the market has been broadly categorized into electrodialysis, reverse osmosis, ultrafiltration, microfiltration, gas separation, and other systems. The market players are focusing on membrane systems as the demand for microfiltration and reverse osmosis is anticipated to surge in the near future. 

Research Report: http://www.transparencymarketresearch.com/water-treatment-chemicals-market.html

Which are the key regions holding potential for the growth of the global water treatment chemicals and technology market?

Asia Pacific is one of the major regions holding immense opportunities for the growth of the global water treatment chemicals and technology market. The region is anticipated to register the fastest growth during the period between 2013 and 2018. The rapid growth of this region can be attributed to the increase in water pollution across the emerging economies such as India and China. Industrialization and urbanization have led to environmental pollution across these countries, thereby resulting to shortage of drinking water. 

In India, wastewater from industries is released into river bodies such as the Ganges. The Indian government has launched an ambitious US$3 bn plan to rejuvenate the 2,500 kilometres long Ganges. This has created ample opportunities for the key players in the global water treatment chemicals and technology market. In China too, the government is stressing on water treatment with about 60% of underground water being unfit for human consumption.

In 2011, North America was the leading market for water treatment chemicals. According to the U.S. Environmental Protection Agency, about 16.4 mn pounds of toxic chemicals were released by 280 federally regulated facilities in 2014. Stringent environmental regulations in the region are expected to aid the growth of the water treatment chemicals market.

Pressing Need for Industrial Automation to Propel Demand for Photoelectric Sensors

In many industries, it becomes inadvertent to have some form of technology that detects the presence or absence of an object. Various industries thus make use of photoelectric sensors to detect barcode levels on mount, double-fed containers and to detect bottles without a label. Photoelectric sensors are also being used today in multi-level parking facilities to sense the positioning of cars. Thus, the demand for photoelectric sensors is expected to grow over the coming years, suggests a research report by Transparency Market Research (TMR). According to the report, the global photoelectric sensors market is expected to rise from US$400 mn in 2015 to US$1,703.2 mn by 2024, expanding at a CAGR of 17.8% from 2015 to 2024, in terms of revenue. In terms of volume, the market is expected to expand at a 21.2% CAGR from 2015 to 2024

Q. What are the factors driving the global demand for photoelectric sensors?

Industrial automation is one of major reasons escalating the demand for photoelectric sensors across the world. These sensors enable increased speed of process efficiency in chemicals, automotive, and manufacturing industries, thus driving their demand.

Photoelectric sensors have the ability to operate over large distances and detect non-metallic objects. Thus, they are extensively used in semiconductor devices, packaging, logistics, and other similar areas. The heightened demand for retro reflective photoelectric sensors in object detection and glass detection is driving the market. The short time consumption period during setup and the high reliability of these sensors are fueling their adoption across industries.

Q. What is the emerging trend in the global photoelectric sensors market?

The introduction of nanotechnology is identified as a major growth opportunity for players in the global photoelectric sensors market. Nanotechnology enables the manufacturing of photoelectric sensors that are so tiny in size, that they are rarely visible. For instance, Pepperl+Fuchs has introduced R2 Series Ultra-Small Sensors recently, which offers a glass optical surface resistant to environmental contaminants, abrasions, and chemicals. This high resistance results in greater signal strength, better and consistent detection, and greater visibility over dark materials. The ultra-compact size makes these sensors ideal for material handling, print and paper, and other general purpose applications.

Q. Which region is expected to lead in the global photoelectric sensors market?

The global photoelectric sensors market was led by Europe in 2015. Europe is expected to retain its dominance in the market in the coming years. The rising demand for industrial automation is expected to be the prime reason behind the growth of the photoelectric sensors market in the region. Building automation is another factor driving the market in Europe. Further, the use of photoelectric sensors in elevators and parking is expected to fuel the demand for photoelectric sensors in the coming years.

Thus, the global photoelectric sensors market will witness considerable growth over the years owing to the increasing need for automation across industries.

Deep Learning Applications to Drive Global Microserver Industry

Microservers are a system-on-chip device featuring multiple single-socket servers sharing cooling fans, power supply, chassis, and other such hardware. This common platform allows microprocessors to achieve much higher power efficiency than conventional servers, since more tasks can be carried out on the same volume of power. Microservers were developed in order to integrate server motherboard tasks on to an easily portable and power-efficient unit. This eliminates the need for support chips complementing the server function, which has resulted in the power efficient and space-saving design of microservers.

According to Transparency Market Research, the global microservers market was valued at more than US$1 bn in 2012. Due to the rapidly increasing adoption of microservers in diverse industries, the market is expected to exhibit a stellar 43.4% CAGR from 2013 to 2019, with the market’s valuation expected to rise to US$30.2 bn over the period.

How will deep learning applications drive the global microservers market?

Microservers used in graphics processing units (GPUs) have undergone significant technological advancement over the last decade, as the flourishing video game industry has provided a stable source of funding. Now, however, microprocessors from GPU specialists such as Nvidia are now being used to power machine learning and artificial intelligence programs. This is due to the ability of microprocessors to carry out multiple functions at the same time. This remains a crucial aspect of any prospective AI program, with the interconnection between the multiple units on a microserver simulating the dynamic nervous activity in the human brain.

Conventional servers are an excellent option for intensive computing, but fall woefully short of microservers when it comes to multitasking. In October 2015, Google DeepMind’s AlphaGo program beat the European Go champion, a game considered extraordinarily difficult for artificial intelligence to grasp due to the wide range of possibilities in it. In March this year, the program beat one of the top ranked Go players in the world, Lee Sedol, marking a historic achievement and a crucial milestone for artificial intelligence. The increasing interest in artificial intelligence is thus a major driver for the global microservers market.

This is not the first use of Nvidia’s GPUs for AI applications – in 2012, the University of Toronto built an image classification system using Nvidia GPUs. The support provided by Nvidia to a programming language called CUDA, which allows end users to redirect the GPU’s capacity towards non-graphics applications, is crucial in this endeavor. Similarly, these GPUs can be used in speech recognition programs, where ‘learning’ is absolutely vital, and other such applications.

What are some of the major restraints on the microservers market?

The major restraints on the global microservers market are the high cost of switching to microservers and the compatibility issues between conventional platforms and advanced microservers. However, the increasing demand for application-specific, low-power servers is likely to ameliorate both these issues, as major companies requiring application-specific servers have the financial capacity to restructure the conventional platforms to fit the advent of microservers. This will also help reduce the overall costs related to microservers, thus helping the global microserver industry gain demand from progressively smaller companies.

Need for High Bandwidth and Transmission of High Data Volumes Makes Fiber Optic Connectors Preferable over Copper Cables

Fiber optic connectors comprise a major part of the global telecommunication market. Optical fibers are connected using fiber optic connectors, which permits the transmission of light between two consecutive optical fibers. Fiber optic connectors are extremely useful when it comes to transferring high-volume data fast and over large areas. A fiber optics network is helpful in this case as it has a greater bandwidth of 10 Gbps and even more.

According to Transparency Market Research, the global fiber optic connectors market is expected to grow at a CAGR of 7.4% in the period of 2015-2021. The valuation of the market is expected to rise to US$4.4 bn over the same period, rising from a 2014 valuation of US$2.7 bn.

What drives the demand for fiber optic connectors in the global market?

As fiber optic connectors are made of very light materials, the conduction of high-volume data and high-speed transfer over greater distances is carried out in a much more convenient fashion than with conventional copper cables. Unlike copper wires, optic fibers do not have a distance limitation, and are shielded. With the recent growth of the telecom industry, the demand for high-bandwidth connections is also increasing, thus making fiber optic connectors a very lucrative market. The use of fiber optic connectors in the medical sector is also increasing due to their compatibility with fiber cables and the high speed they provide, which, in turn, is leading to emerging markets becoming major regional segments of the fiber optic connectors market.

How is wireless networking affecting the fiber optic connectors market’s growth?

In July 2016, the Telephone Regulations Authority of India commenced inspection of the growth of Internet services through Wi-Fi networks. TRAI states that Wi-Fi networks are cheap, versatile and scalable, and thus can help in the spread of the Internet in rural and urban areas equally. This consulting paper was titled “Proliferation of Broadband through Public Wi-Fi network” and was issued by the TRAI on July 13, 2016. The Indian government’s support to wireless connectivity could be a major restraint on the fiber optic connectors market, as the unmet connectivity needs in India represent a significant opportunity for the telecom market in the coming years.

Which is the most dominant regional segment of the global fiber optics market?

The global market for fiber optic connectors is broadly segmented into five geographical segments, namely North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. According to the type of fiber optics, the market for global fiber optic connectors is divided into straight tips, lucent connectors, multiple fiber push-on/pull-off, standard connectors, and other ferrule and jack connectors. The lucent connectors segment dominated the market in 2014 and is set to rule the market through 2021. 

According to TMR, in terms of revenue generated, the fiber optics connectors market was dominated by North America in 2014. The North America fiber optic connectors market held a share of 38.20% in the global market in 2014. The data centers in this region are driven primarily by the infiltration of high-density multi-fiber connectors, which is expected to fuel the fiber optics connectors market in this region. Asia Pacific stood second with a 30.60% share in 2014. The market for fiber optic connectors in Asia Pacific will primarily be boosted during the forecast period of 2015-2021 due to the advancements in cable technology.

The rising awareness regarding the benefits of fiber optic connectors over copper cables will play a key role in the growth of the fiber optics connectors market in the dominant regions of North America and Asia Pacific. The major companies that occupy a large share in the fiber optics market are Hitachi Ltd (Japan), Sumitomo Electric Industries (Japan), Amphenol Corporation (U.S.), Diamond SA (Switzerland), 3M (U.S.), TE Connectivity Ltd. (Switzerland), Avago Technologies (Singapore), Arris Group Inc. (U.S.), and Furukawa Electric Co. Ltd. (Japan).

Demand for Fencing Shifts into High Gear owing to Developments in Agricultural Sector

The rising cases of organized crimes, terrorist attacks, and trespassing have resulted in huge losses to the residential, commercial, agricultural, and utility sectors worldwide. High security perimeters are of utmost importance to military, defense, prisons, airports, and other such infrastructures. Fueled by this, the demand for fencing is expected to be high across the globe, suggests a research report by Transparency Market Research (TMR). According to the report, the global fencing market is expected to reach US$29.1 bn by 2018, expanding at a modest CAGR of 4.40% between 2012 and 2018.

TMR analysts answer some burning questions that companies operating in the fencing market might have:

Q. How is fencing useful in applications other than those in conventional sectors?

Besides conventional sectors such as residential, commercial, and agricultural, fencing is applied to various arenas such as zoos, parks, and pools. The U.S. Consumer Product Safety Commission (CPSC) has concluded that the best way to reduce drowning among kids is to have a fence or barrier constructed that prevents underage children from accessing residential pools.

Fences are important structures in wildlife sanctuaries and zoological parks to protect humans and other domestic animals from wildlife. Fences also prevent animals in the zoos and wildlife sanctuaries to be protected from nuisance caused by children and other visitors.

Q. What are the recent developments by key players in the fencing market?

CertainTeed, a company based in North America, has developed Bufftech, a vinyl fence that offers exceptional impact strength and will not rot, split, warp, and splinter. Most importantly, this fence offers UV resistance.

Gregory Industries Inc, a U.S.-based company, has developed a product known as C-Post. C-Posts have extremely high beam load strengths. Their benefits include faster installation, supreme durability, and their ability to repel moisture.

Betafence NV, has recently developed TerralBlock M50P1, which is a crash-rated fence, included in the U.S Department of Defense list, as the singular sand-filled barrier with fence. The fence is best suited for remote applications where resources are limited. TerralBlock offers high-security fence and surface-mounted crash barrier.

Q. Which regions hold lucrative opportunities in the global fencing market?

Currently, North America holds a dominant share in the global fencing market, followed by Europe and Asia Pacific. The fencing market in North America is driven by the rising demand from consumers for innovative and aesthetically-pleasing home improvement products. The expanding residential sector is another reason behind the growing demand for fencing in North America. However, due to various developments in agricultural sectors, Asia Pacific is expected to be the fastest growing region in the global fencing market. Moreover, various upcoming constructional projects in the region will heighten the demand for fencing.

Thus, the global fencing market is expected to grow owing to the pressing need for residential fences. The agricultural segment is another budding application of fences, which will boost demand.

Rising Prevalence of Adverse Drug Reactions Drives Global Pharmacovigilance Market

Pharmacovigilance is a crucial part of healthcare and is absolutely vital in improving the accuracy of medicine. Monitoring adverse drug reactions and evaluating the risk posed by the same to the consumers is the ambit of the pharmacovigilance industry. Pharmacovigilance is a continuous process and relies on its continuity to produce progressively more reliable results. The rising awareness about the importance of this process is leading to steady growth of the global pharmacovigilance market.

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An NIH study released in February this year evaluated the withdrawal of 462 medicinal products from 1953 to 2013. The report concluded that not only were the reasons for withdrawal inconsistent across the world, but there were several discrepancies in the process as well. The study recommends increased coordination within international agencies and higher transparency in reporting adverse drug reactions to improve the current scenario. A 2012 report by the NIH had also shown that there was a significant increase in the number of people suffering from adverse drug reactions in the U.S. from 1999 to 2006, with rural areas and the geriatric demographic as the key victims.

The pharmacovigilance industry is thus driven by the consistent support provided by such reviews. According to Transparency Market Research, the global pharmacovigilance market was valued at US$2.4 bn in 2013. Exhibiting a robust 14.20% CAGR from 2014 to 2020, the market is expected to rise to a valuation of US$6.1 bn.

Which is the largest product segment of the global pharmacovigilance market?

The global pharmacovigilance is segmented on the basis of clinical trial phase into phase I, phase II, phase III, and post-marketing surveillance. Of these, post-marketing surveillance or phase IV exhibited the highest utilization of pharmacovigilance procedures. 

However, the phase III segment is expected to exhibit the highest CAGR in the forecast period due to the growing realization of the importance of carrying out pharmacovigilance procedures before it is marketed. Clinical studies to remove as much harmful material as possible before the substance is put on the market are becoming increasingly important in the global pharmacovigilance industry. Nevertheless, phase IV will remain the dominant segment of the global pharmacovigilance market, since the effects of a medicinal substance may vary minutely according to the genetic profile of a particular community and can thus only be studied after the substance has been sold.

Which is the largest regional segment of the pharmacovigilance market?

Regionally, North America was the largest market in 2013 and held a 35% share in the global pharmacovigilance market. The North America pharmacovigilance market is driven by the increasing reporting of ADRs and the proactive support to pharmacovigilance practices provided by government healthcare agencies. The high technological sophistication of the healthcare sector in the U.S. and Canada also allows for easy storage of and access to ADR reports.

The Asia Pacific pharmacovigilance market is expected to exhibit the highest growth rate of all regional markets in the forecast period due to the increasing patient pool and the increasing number of clinical trials being conducted in the region. The Asia Pacific market is currently restrained by the widespread of regional alternative medicines, which usually have no provision for an equivalent of pharmacovigilance. However, this restraint is expected to be eradicated by the growing healthcare industry in countries such as India, China, and South Korea.

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Increasing Interest in Sports, Running, and Hiking Drives Demand for Athletic Footwear

Last month, a major landmark in the U.S. athletic footwear market saw the U.S. Senate pass a bill requiring the Pentagon to purchase domestically produced athletic footwear for defense personnel. The bill, passed on June 14, brings athletic footwear under the ambit of the 1941 Berry Amendment, which was passed to protect the American industrial sector during the Second World War and mandated a preference to domestically produced equipment for the armed forces. The 2016 bill was backed strongly by New Balance, a major player in the global athletic footwear market.

The bill also requires the manufacturers to use American materials to produce the shoes, which means multiple ancillary industries are also likely to get a boost. New Balance is likely to land the contract, which will result in significant addition of workers in factories of both New Balance and their suppliers.

The influential role played by Asia Pacific in the global athletic footwear market, illustrated by the dominant 41.6% share it is expected to hold in the global market by 2018, has also had an adverse impact on the North America athletic footwear market. According to Transparency Market Research, the Asia Pacific market for athletic footwear is expected to exhibit the fastest growth rate in the forecast period between 2012 and 2018. Taking this into consideration, this bill could be a timely boost for the stagnated North America athletic footwear market, which has borne the brunt of increasing raw material prices and the market’s maturation in the region’s developed and prosperous economies.

What are the major drivers for the athletic footwear market?

The global market for athletic footwear was valued at US$74 bn in 2011. Exhibiting a 1.80% CAGR from 2012 to 2018, the market is expected to rise to a valuation of US$84.4 bn.

One of the prime drivers for the global athletic footwear market is the increasing interest of the youth demographic in sports due to the increasing global coverage of major sporting events such as the FIFA World Cup, the recently concluded UEFA Euro Championship, the Olympics, and Tennis Grand Slam events. This has made many individuals take up sports as a hobby and fitness solution.

The increasing health-consciousness of the global population, aided by the increasing availability of health and nutrition information, has also helped the global athletic footwear market. Apart from sports, an increasing number of individuals are also becoming interested in running and/or hiking as healthy pastimes. This has also significantly driven the demand for athletic footwear.

Which is the major user demographic in the athletic footwear market?

By gender, males were the dominant consumers of athletic footwear in 2011. The 62% share of the males segment was followed by the distant second 29% share of the females segment, with the rest consisting of kids’ athletic footwear.

By product type, shoe inserts held a dominant 36% share in the global athletic footwear market in 2011. Other major product segments of the global athletic footwear market are sports shoes, hiking boots, and backpacking boots.

In addition to New Balance, major players in the global athletic footwear market include Adidas, Nike, Saucony, Converse, Reebok, K-Swiss, Puma, and Asics. Of these, Adidas, Nike, Puma, Reebok, and Asics collectively accounted for close to 80% of the global market in 2011 and are likely to retain their dominance in the coming years.

Increased Consumer Health Awareness Benefits Global Nutraceuticals Market

The extra health benefits provided by the nutraceuticals in addition to the basic nutritional value is giving a push to the global nutraceuticals market. The broad term ranges from isolated nutrients, herbal products and processed foods and beverages, and dietary supplements to specific diets.
They can be considered non-specific biological therapies to provide physiological benefits, ailments to the consumers and relief from numerous chronic diseases. Due to all the aforementioned benefits, a steady growth has been witnessed during past few years and the trend is expected to continue because of an increase in consumer spending habits on nutritious and healthy functional food worldwide.

Changing Lifestyles in Developed Countries Fuel the Demand for Nutraceuticals

A rise in the demand for nutraceuticals is propelled by the increasing awareness for nutritional diet in the developed countries. The U.S.A and Canada, cumulatively, lead the market in 2014 and is anticipated to grow steadily. In Europe, developed countries such as Germany, France, and the U.K have emerged as the key nutraceutical market. Factors such as rising health concerns, and increasing consumer awareness to avoid consuming on synthetic drugs and lead a healthy life are the major contributors to the growth of this market.

Highest Growth Rate in Global Nutraceutical Market Makes APAC Full of Opportunities

While, developed countries are major contributors to the global nutraceutical market, developing countries in the APAC region such as India and China have witnessed growth in the affluent middle-class population, who are shifting towards awareness for nutritional diet. Factors such as the change in lifestyles and increase in income level have enabled them to buy dietary supplements, functional foods, and health drinks. APAC comes second in terms of market share and fastest in terms of growth rate. 

Research Report: http://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html

Nutraceuticals Become Alternative to OTC Drugs and Prescription

The extra health benefits offered by nutraceuticals act as an immunity booster. This quality of the nutraceuticals, per se, help in fighting many acute diseases. The herbal products in the range of nutraceuticals act as a replacement to the OTC Drugs. Nutraceutical ingredients include probiotics and prebiotics, Omega 3, amino acids, fibers, minerals, proteins, structured lipids, vitamins, and various other ingredients. These ingredients help in increasing the metabolism rate, which reduces the necessity of medicine intake.

Smart Devices to Provide Growth Opportunities for Gesture Identification Technologies

The user-friendliness, the human-machine interaction and security promised by the gesture recognition technology are helping it in registering a robust growth. This has led to costumer preference for gesture enabled electronics, including tablets, laptops, and mobile phones. The increasing application of gesture control technology in healthcare, banks, and retail sector are some of the key factors contributing to the rise in global gesture recognition market.

Gesture Technology Makes the Handling of Complex Machines Easier

The market shall witness a major change in the operation and handling of complex machinery with the introduction of gesture control solutions. The complex and bulky machines can be operated remotely with the help of gesture recognition applications. The technology can also help in managing hazardous machines, like reactors from a distance, ensuring safety. The gesture control will also enable automation in the places wherever manual settings were required. 

Automation in the automobile industry through gesture technology will ensure onboard safety and also lift its technology quotient. After the success of touch and voice control, companies are working on the gesture controlled central console of the vehicle.

Research Report: http://www.transparencymarketresearch.com/gesture-recognition-market.html

Gesture Technology Gains Popularity in Gaming Industry

Recent development in the gesture tracking technology and 3D Vision has fueled the demand for gesture technology in the gaming industry. The tracking enabled gaming console coupled with 2D gesture identification technology in smart devices such as PCs, TVs, and tablets are propelling the demand for non-touch, non-voice gesture recognition technology.

Although, limited numbers of recognizable gestures saved in the system is causing a hindrance for the gesture technology to take over the gaming industry. Yet, technological advancements in the gesture recognition market coupled with rising demand for altogether more realistic gaming experience are offering excellent opportunities for the key companies in the gesture recognition market.