Global Computer Aided Detection Market to Reach US$1.4 bn by 2020, Driven by Rise in Cancer Incidence

The global computer aided detection market was valued at US$0.7 bn in 2013 and is expected to be valued at US$1.4 bn by 2020. Increase in cancer incidence will help the global computer aided detection market to grow at a 10.80% CAGR till 2020. 

Rising Number of Various Cancers Driving Global CAD Market

Computer aided detection technique helps radiologists precisely and easily understand diagnostic images and relate potential findings. The global computer aided detection market is in its growth stage, as the technology is used in numerous applications, such as cardiovascular, oncology, neurological, and musculoskeletal. The global computer aided detection market is highly dynamic and competitive. 

Browse Market Research Report of Computer Aided Detection Market: http://www.transparencymarketresearch.com/computer-aided-detection.html

The global computer aided detection market is segmented on the basis of geography, application, and imaging modalities. By geography, the global computer aided detection market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2013, the North America market for computer aided detection applications accounted for the highest share and will continue to dominate during the forecast period. The Asia Pacific market for computer aided detection is expected to develop rapidly during the forecast period. Growth in the number of NGOs and the rising medical tourism sector in the Asia Pacific region will further boost the growth of the global computer aided detection market. 

Some of the leading players in the global computer aided detection market are Hologic Inc., EDDA Technology Inc., GE Healthcare Ltd., Fujifilm Medical Systems Inc., Hitachi Medical Corporation, VuCOMP, Philips Healthcare, Invivo Corporation, Siemens Healthcare, and iCAD Inc. 

Application of CAD Highest in Oncology, X-Ray Systems Top Market Demand

By application, the global computer aided detection market is divided into oncology and cardiovascular and neurological indications. By application, the oncology segment accounted for 90% of the global market in 2013; breast cancer was the largest application segment within oncology.

Browse Market Research Press Release of Computer Aided Detection Market: http://www.transparencymarketresearch.com/pressrelease/computer-aided-detection-market.htm

On the basis of type of imaging modalities, the global computer aided detection market is divided into computed tomography, magnetic resonance imaging, X-Ray imaging, ultrasound imaging, and nuclear medicine imaging. By imaging modality, the X-ray segment led the global imaging modalities market with a value of US$351.3 mn in 2012. 

Many leading players in the global computer aided detection market are introducing advanced computer aided detection services and applications to serve different industries. iCAD, Inc. will present its computer aided detection services at the 6th Annual Craig-Hallum Alpha Select conference in Nashua, New Hampshire. iCAD, Inc. is an industry-leading service provider of image analysis, radiation therapy, and workflow solutions for early detection and identification of cancer. iCAD offers a wide variety of computer aided detection solutions to support accurate detection of prostate, breast, and colorectal cancers. 

The comprehensive technology platforms offered by iCAD, Inc. comprise of advanced software and hardware and management services to support radiation therapy treatments and cancer detection. iCAD’s Xoft Axxent Electronic Brachytherapy (eBx) System is a noninvasive and painless technology that delivers low-energy radiation and high dose rate, which targets cancer and minimizes radiation damage to healthy tissue. iCAD’s Xoft System is CE-marked and FDA-cleared and can be used for treatments such as early-stage breast cancer, non-melanoma skin cancer, and gynecological cancers. 

The Mutually Beneficial Relationship between Superabsorbent Polymers and Diapers

The global superabsorbent polymers (SAP) market will thrive in the coming years due to the rising demand from its leading application segment – diapers. The demand for superabsorbent polymers is high in the manufacture of baby diapers, feminine hygiene products, and adult incontinence products. This demand is projected to grow and evolve in the coming few years. However, before we look into this shift in demand, let us look at how this mutually beneficial relationship between SAP and diapers started.

How did the Relationship between SAP and Diapers Begin?

Till the 1980s, cellulosics or other fiber-based substances were used as water absorbing materials. The water retention capacity of such materials was 20 times their weight, at best. In the 1960s, though, the USDA was conducting research on materials that would improve the water conservation level in soils. They invented a resin-based substance grafted of acrylonitrile polymer onto the backbone of starch molecule. This hydrolyzed product possessed a water absorption capacity of 400 times its weight. Furthermore, this new gel substance did not release liquid water, a significant advantage over its fiber-based counterparts.

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This substance was called ‘Super Slurper’ and its know-how was shared by the USDA to many companies in the USA for further development. During the early 1970s, this superabsorbent polymer was commercially applied for the first time, not for its originally intended use of soil conservation, but for making disposable hygienic products such as adult incontinence products and feminine sanitary napkins.

Rising Demand for Diapers and Thriving Superabsorbent Polymers Industry

The global diapers market is driven by the rising number of adults using diapers in home healthcare, institutional care facilities, and hospitals. Several diaper makers have launched products that help adults with conditions such as urinary incontinence. On the other hand, the demand for baby diapers is driven by the growing urbanization and rising disposable incomes, increasingly young maturing age among females, the growing number of female workers, and the decreasing infant mortality rate. Backed by these trends, the global diapers market is projected to be valued at more than US$63 bn by 2017.

By application, the global superabsorbent polymers (SAP) market is segmented into baby diapers, feminine hygiene products, adult incontinence products, and others such as medical, agriculture, and paper packaging. The global SAP market is led by the baby diaper sector, which held a massive 74% market share in 2013.

Future of Relationship between Diapers and Superabsorbent Polymers is Bright

The baby diapers segment is projected to emerge as the fastest-growing segment in the global superabsorbent polymers (SAP) market. This promises a bright future for the relationship between the diapers industry and SAP market.

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However, it seems that the global superabsorbent polymers market is presently on the verge of a transformation, as consumers are increasingly demanding eco-friendly products. Hence, companies are now investing heavily in innovating superabsorbent polymers (SAP) that are made using biobased substances such as cellulose, starch, and others. This trend will further drive the overall SAP market and diapers industry.

ADM has come up with bio-based superabsorbent polymers that are used to make disposable hygiene products. In 2014, companies such as Novozymes, Cargill, and BASF achieved a milestone by developing a superabsorbent polymer from a biobased acrylic acid in a joint development project.

Concentrated Solar Power Market Led by Innovations in Portability, Efficiency

Concentrated solar power (CSP) is a way of maximizing the energy generated from solar power. As the name suggests, concentrated solar power plants work by collecting sunlight in a large radius and concentrating it onto a small point, which alone carries the potential for conversion of solar power into electricity. This not only makes energy generation from solar power more cost-effective, due to the lack of energy conversion material in all collection points, but also makes it more efficient in terms of the actual generation of usable electric power.

The need for an efficient and renewable energy source in the modern world is driving the global concentrated solar power market. According to research recently published by leading market analysis company Transparency Market Research, the global market for concentrated solar power is expected to grow more than threefold between 2014 and 2020, rising from a valuation of US$2.5 bn in 2013 to an estimated US$8.6 bn in 2020 at a dazzling 19.4% CAGR.

Browse Concentrated Solar Power Market Report with Full TOC at http://www.transparencymarketresearch.com/concentrated-solar-power-market.html

Parabolic Trough Concentrated Solar Power Generators Leading Demand for CSP

Of the various types of solar power generators used in concentrated solar generators, parabolic trough generators dominate demand from the global concentrated solar power market. Parabolic trough generators work much like a concave mirror, with a curved slab of mirrors concentrating sunlight onto a central node, which then transmits the solar energy to be used in generation of electricity. Due to the simplicity of this design, parabolic troughs are expected to remain dominant in the concentrated solar power market.

Incorporation of Thermal Energy Storage to Propel CSP Market

The major difficulty for concentrated solar power generation has been the same hindrance that has plagued all renewable power sources: what happens when the sunlight stops?

Like wind farms becoming useless when the wind stops blowing and tidal energy generation delivering an inconsistent output, concentrated solar power can be difficult to harness at times when sunlight isn’t at its brightest, or absent altogether. However, the addition of thermal energy storage to concentrated solar power generators represents a major step to CSP becoming a viable source of power all over the world.

‘Plonk-down’ CSP Generators Offer Lifeline to Global Concentrated Solar Power Market

In August 2015, researchers at the Stellenbosch University came up with a masterstroke in concentrated solar power generator design. Instead of constructing the conventional massive and thus cost-intensive CSP generator complex, the Helio100 project concentrated on making the CSP generators more portable.

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The device consists of six mirrors, triangular in shape, connected to a remote system that keeps the concentrated sunlight focused regardless of the position of the sun. The mirrors on this device don’t need concrete support, which is the key aspect helping its portability.

Designed in South Africa, where electricity is infrequent but the supply of solar power is abundant, this heliostat can be of great use in other regions with similar conditions, such as Southeast Asia. Europe, which accounted for 43% of the global concentrated solar power market in 2013, is also set to be a major regional player in the coming years, due to the ease of harnessing solar power in Southern European countries.

Demand for Alcohol-based Disinfectants continues to Grow Steadily despite Conflicting Opinions over their Efficacy

A study by the Centers for Disease Control and Prevention (CDC) found that on any given day in the United States, 1 in 25 patients acquires at least one nosocomial infection. Despite healthcare agencies taking every measure to bring down the number of nosocomial infections or hospital-acquired infections (HAIs), the deaths and costs attributed to the same remain worryingly high. The consequences imposed by HAIs on healthcare budgets are significant. 

Nosocomial infections manifest themselves in the form of gastrointestinal illnesses, pneumonia, infections of the urinary tract or bloodstream, as well as surgical-site infections. This brings the importance of disinfectants that kill pathogens to the fore. However, it’s not just hospitals where the risk of germs passing from one person to another is high – the demand for disinfectants, especially the alcohol-based ones, is also high in schools, offices, and households. 

Browse Alcohol-Based Disinfectants Market Report with Full TOC at http://www.transparencymarketresearch.com/alcohol-based-disinfectants-market.html

Hand sanitizers are becoming the most widely-used types of alcohol-based disinfectants. Market intelligence firm Transparency Market Research forecasts in its report that the global alcohol-based disinfectants market will report a compounded annual growth rate (CAGR) of 9.0% between 2014 and 2020, by which year it will touch US$2.18 bn. 

However, despite this aspect, there are a few conflicting opinions pertaining to the use of hand sanitizers. Let’s take a brief look at some of them:

• Food and beverage industry restricts use of hand sanitizers: The FDA Food Code recommends that workers in the food and beverage industry use hand sanitizers only after they have washed their hands properly using soap and water. Not all hand sanitizers are proven effective in killing norovirus, which restricts the use of hand sanitizers in the food industry. Moreover, foodworkers often come into direct contact with blood and fatty materials, which greatly reduces the efficacy of hand sanitizers.

• Study finds alcohol-based hand sanitizer effective on moderately soiled hands: Research published in the Journal of Water and Health studied the efficacy of alcohol-based hand sanitizers on workers’ hands soiled with cooking oil and dirt. The purpose of the study was to determine if such hand sanitizers could prove effective in scenarios where water is in short supply or in underserved regions where soap and clean water are not always available (a factor that consequently contributes to the high occurrence of respiratory illnesses and diarrhea). The findings of the research showed that the presence of cooking oil and dirt on hands did not significantly shield the antimicrobial properties of alcohol-based hand sanitizers.

• Natural hand sanitizers are catching on: Conventional alcohol-based hand sanitizers are perceived by some consumers as being laden with chemicals. This has created a white space for the introduction of all-natural hand sanitizers. EO Products, for instance, has launched a range of hand sanitizers that are made of non-GMO alcohol, are free of parabens and synthetic fragrances. CleanWell hand sanitizers make use of a patented formula that kills germs using thyme extracts. The demand for all-natural hand sanitizers will likely impact the overall demand for alcohol-based hand sanitizers.

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Currently, the most widely used alcohol-based disinfectants in both commercial and medical applications are: Ethyl alcohol, methyl alcohol, n-propyl alcohol, and isopropyl alcohol. Alcohol-based disinfectants have seen widespread adoption in recent years thanks to their ease of use and perceived efficacy in killing germs – factors that weigh considerably in their favor. With non-alcohol-based hand sanitizers still several years away from garnering a substantial market share, the alcohol-based sanitizers will continue to dominate. 

How China will Shape Global Monochloroacetic Acid (MCA) Market in Future

The global monochloroacetic acid (MCA) market caters to several end-use industries. Monochloroacetic acid is also known as chloroacetic acid, which is a carboxylic acid used for manufacturing several products such as drilling fluids, drugs, dyes, pesticides, and others. By application, the global monochloroacetic acid (MCA) market is divided into cellulosics, surfactants, agrochemicals, thioglycolic acid, and others such as phenoxyacetic acid and cyanaoacetic acid.

Region-wise, the global monochloroacetic acid (MCA) market is divided into Asia Pacific, North America, Europe, and Rest of the World (RoW). According to Transparency Market Research, in 2013, the global monochloroacetic acid (MCA) market was primarily driven by the demand from Asia Pacific. The demand for MCA is high in China. Let us look at how China will play a vital role in the development of the global monochloroacetic acid (MCA) market.

Browse Monochloroacetic Acid Market Report with Full TOC at http://www.transparencymarketresearch.com/monochloroacetic-acid-market.html

Global Monochloroacetic Acid (MCA) Market and China Demand Analysis

Thriving End-use Industries

Monochloroacetic acid, along with its alkali salts, is used to manufacture various chemical products. For instance, monochloroacetic acid is converted to sodium chloroacetate and reacted with alkali cellulose to manufacture carboxymethylcellulose (CMC). Carboxymethylcellulose is used in several end-use industries such as detergents, textiles, food, coatings, drilling muds, cosmetics, and pharmaceuticals. All of these industries are thriving in China. With the expansion of these industries, the demand for MCA will continue to grow in China.

Agrochemicals Industry

Monochloroacetic acid (MCA) is also used for the production of phenoxy herbicides. The agrochemicals sector in the global monochloroacetic acid market is the second largest application segment. The agrochemicals sector is projected to grow exponentially in the coming few years. 

China has emerged as the biggest producer of fertilizers in the world. The high demand for pesticides and fertilizers in China is projected to support the growth of the global monochloroacetic acid (MCA) market significantly. In the Asia Pacific pesticides market, China is projected to remain the dominant sector in the years to come. Economies in Asia Pacific rely heavily on agriculture. This creates a sound foundation for the growth in demand for pesticides in this regional market.

Cellulosics Industry

The global monochloroacetic acid (MCA) market is driven by the mounting demand for carboxymethyl cellulose in oil drilling activities. According to Transparency Market Research (TMR), the segment of cellulosics held a market share of over 32% in the global monochloroacetic acid (MCA) market in 2013 and emerged as the dominant application sector. The cellulosics sector is projected to demonstrate remarkable growth in the coming few years.

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A few years back, Dow Chemical Company was planning to expand their cellulosic production capacity to the Asia Pacific region. Furthermore, in 2015, DuPont tied up with New Tianlong Industry in order to set up a cellulosic ethanol plant in China. With major international companies setting up cellulosics plants in China, the country will continue to play a significant role in the growth of the overall monochloroacetic acid (MCA) market.

Some of the key companies operating in the global monochloroacetic acid (MCA) market are Dow Chemical Company, Niacet Corporation, AkzoNobel, CABB, Denak, Daicel Corporation, and MCAA.

Vinyl Acetate Monomer Market to Rise owing to Increasing Demand for Adhesives

Vinyl acetate monomer, also called as VAM, is a colorless liquid with low viscosity, and has a pungent odor. It is a prime raw material utilized in making chemicals that are then utilized in manufacturing a broad range of industrial and consumer products. Vinyl acetate monomer is produced by the reaction of acetic acid and ethylene with oxygen when a palladium catalyst is present. VAM is formed by scrubbing and condensation and is purified by the process of distillation. It is usually stored in steel storage tanks or reconditioned steel drums and is transported via tank trucks or bulk vessels.

In terms of applications, the VAM market is segmented into polyvinyl alcohol, polyvinyl acetate, ethylene-vinyl acetate, vinyl acetate ethylene, and ethylene-vinyl alcohol, among others. The global market for vinyl acetate monomer is expanding owing to increasing demand for adhesives from three main end-use industries, namely construction, furniture, and packaging. TMR, a market intelligence company, studies the various applications of VAM, thus providing a bird’s eye view on the key benefits of VAM:

Browse Vinyl Acetate Monomer Market Report with Full TOC at http://www.transparencymarketresearch.com/vinyl-acetate-monomer-market.html

• VAM is a major raw material utilized in the production of polyvinyl alcohol and polyvinyl acetate (PVAc). Around 80% of the world’s VAM is utilized in making these two chemicals. VAM is also utilized for making ethylene vinyl alcohol (EVOH) resins, ethylene-vinyl acetate (EVA) copolymers, and polyvinyl butyral (PVB).

• PVAc resins are thermoplastic copolymers that contain vinyl acetate utilized for manufacturing latex products. PVAc resins are produced in both copolymer and homopolymer types. They are sold in powder form, latex base stock, and beads, and are majorly utilized in paper coatings, exterior and interior paints, textile treatments, and adhesives.

• Polyvinyl alcohol resins (PVOH) are powdered polymers and easily dissolve in water. PVOH resins comprise very good adhesive and film forming properties and impart excellent resistance to many solvents, grease, and oil. Key application areas include in the form of a protective colloid in adhesive PVAc products and for making water-soluble fibers and films, among others. PVOH acts a precursor in polyvinyl butyral (PVB), which is utilized for laminated glasses in buildings and automobiles.

• Ethylene vinyl acetate (EVA) is a copolymer of ethylene and vinyl acetate monomer. EVA resins have been utilized in packaging film manufacturing, extrusion coatings, heavy duty baggage, hot-melt adhesives, and cable and wire jacketing, among others.

• Ethylene vinyl alcohol (EVOH) is a hydrolyzed copolymer of vinyl acetate monomer and ethylene. EVOH resins have been utilized as gas barriers within multi-layered beverage and food packages. They are also utilized as barrier layers in automobile gasoline tanks. The rise in demand for EVOH films from the food manufacturing industry is poised to fuel the market for vinyl acetate monomer in the forthcoming years.

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Dairen Chemical Corporation, Celanese Corporation, LyondellBasell Industries, Sinopec, Sipchem, The Dow Chemical Company, and Kuraray Co. Ltd. are the prominent manufacturers in the market for vinyl acetate monomer.

Surge Protection Devices: Need of the Future or made Obsolete by it?

Surge protection is an important element of electronic devices and electricity supply. While a steady flow of electricity is required to recharge batteries, a shot of excess electricity can damage appliances if they aren’t built to withstand it. The growing use of electronic devices is the main driver boosting the global surge protection devices, as an increasingly smart and tech-savvy user base of advanced electronics has come to realize the value of surge protection. 

Surge protection devices can be of various types, such as line cord devices, hard wired devices, plug-in devices, and power control centers. According to leading market research company Transparency Market Research (TMR), the main applications of these surge protection devices are in the commercial, residential, and industrial sectors. As stated before, the rising use of electronic equipment such as desktops, laptops, refrigerators, and washing machines in the developed and the developing world is boosting the sale of surge protection devices in the residential and commercial markets. The global market for surge protection devices is expected to grow at a healthy 5.6% CAGR from 2014 to 2020, according to TMR.

Browse the full Surge Protection Devices Market Report

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Incorporation in Existing Electronics: Boon to the Surge Protection Devices Market

Surge protection devices have traditionally been sold as standalone devices to be added on to electronic devices. However, as witnessed by Belkin’s launch of a unified charger-battery-surge protector combo in August 2015, surge protection devices are being incorporated into the existing charging mechanisms as an inbuilt feature. While portable battery packs that could recharge smartphones and laptops aren’t exactly news, Belkin has one trick up its sleeve.

The “Travel Rockstar” combines two traditional three-pin ports with one USB port, making it possible to charge up a smartphone alongside a camera and/or a laptop. This is where the built-in surge protection device kicks in, ensuring smooth and uniform power supply to all three outlets. The division of the electric current is carried out by the surge protection device, making it crucial in the working of the Travel Rockstar. Demand for such combinations is expected to grow, due to the high convenience they provide to the user.

Growing Application of Smart Grids: The Bane of the Market?

While surge protection devices have an important place in the current technological scenario, their standing in the future is far from assured. Smart grids, which are power grids that are programmed to ensure a safe and adaptable power supply, could be the downfall of the surge protection devices market. Smart grids, which are computer-controlled and thus carry an extremely low risk of failure, could eliminate the need for surge protection devices by virtually eliminating the chances of unexpected power surges in the first place.

Browse Press Release of Surge Protection Devices Market:

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While this may become a significant factor for the growth trajectory of the global surge protection devices market in the long run, the market is expected to reach a total valuation of more than US$2.8 bn by the end of the ongoing decade, making a leap of more than US$900 million over its 2013 value.

Surging Passive Optic Network Sale in China to Fuel Demand from Passive Optical LAN Market

In the last few years, passive optical LAN has emerged as a promising approach to deliver broadband services to a large network of subscribers. Rise in fiber deployments, coupled with increasing demand for better bandwidth across the RoW (Rest of the World) and Asia Pacific regions, is bolstering growth prospects for the global market for passive optical LAN (POL). The demand for POL technology grew impressively in the first quarter of 2015. Contrary to the past several quarters, when Europe accounted for a large share of the market, demand in the present year is driven by China.

The paradigm shift from installing central office equipment to deploying customer premises equipment, which indicates increased roll out of “Fiber to the Home” services in China, has acted in favor of the passive optical network (PON) market, subsequently boosting the POL market in Asia Pacific. Sales in China have incredibly surged over the first half of 2015 and now the country accounts for a major share of the worldwide PON demand. Such exponential growth of the market for passive optical network will fuel the demand from the global POL market.

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According to a report published by Transparency Market Research, the global market for passive optical LAN (POL), which stood at US$9.8 bn in 2013, will reach US$33.8 bn by the end of 2020. If the figures hold true, the global POL market will develop at a CAGR of 19.2% between 2014 and 2020.  

Demand for Green Network Solutions Fuel Global POL Market

Globally increasing demand for green network solutions is fuelling the application of passive optical components, which in turn drives the global POL market. With an aim to leverage green technologies, governments of several nations are upgrading research infrastructure and increasing their investments in fiber optics technologies. The prevailing situation therefore aids the robust development of the POL market. 

Cost-effectiveness and Environment-friendliness of POL Technology Boosting Market

Passive optical LAN provides better bandwidth capacity and greater reach. Fiber optic used for deploying PON is noncorrosive and highly resistant to lightening, even when deployed in a seaside location. Apart from this, POL boasts lower operational costs, consumes less energy, and poses minimal risk. Owing to such factors the internet and telecom giants are pumping in millions of dollars of investment in the global POL market, thereby fuelling its growth. Among the various POL components, the demand for wavelength division multiplexers/de-multiplexers surged exponentially in 2013. The demand for patch cords and pigtails also increased, occupying 11% of the global POL market the same year. 

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Demand for Robust Survivable Network to Boost Global POL Market

With rapidly growing deployment of PON in the residential, commercial, as well as hospitality sectors, subscribers are ensured with high network availability. This has aroused much interest regarding network survivability. Flexible and robust survivable network architectures are highly desirable in the aforementioned sectors. Switching to fiber optics helps achieve greener, energy-efficient, and affordable network solutions, which is why the global market for passive optical LAN is poised to register exponential growth in the forthcoming years. 

How Stem Cell Research Grants and Funding are Boosting Cell Culture Protein Surface Coating Market

Cell culture entails extracting cells from a plant or animal and studying the former in an external artificial environment for the purpose of further research and analysis. The applications of cell culture have subsequently led to an expansion of the global market for cell culture protein surface coating. Researchers rely heavily on the use of cell culture protein surface coating because essentially because it promotes better adhesion and leads to greater productivity in cell culture procedures.

Stem Cell Research is Attracting Great Interest. How will this Impact Demand for Cell Culture Protein Surface Coating?

There has been a palpable rise in the demand for stem cells, which has led to a consecutive increase in the use of cell culture protein surface coating. The rising popularity of stem cell therapies can be credited for an increase in the use of and demand for cell culture protein surface coatings. According to a study conducted by Transparency Market Research, the growth forecast of the cell culture protein surface coating market look promising, with the market expected to report a 13.6% CAGR between 2014 and 2020, by which year it will reach US$623.4 mn. In 2013, the global market for protein surface coating for cell culture was pegged at US$256.2 mn. 

Browse Market Research Report of Cell Culture Protein Surface Coatings Market: http://www.transparencymarketresearch.com/cell-culture-protein-surface-coatings-market.html

However, what is evident is that the growth of the global cell culture protein surface coating market will be underpinned by an increase in research grants and funding activities. Several healthcare agencies and governments have been promoting research pertaining to stem cell therapies, which will in turn prove favorable to the global protein surface coating for cell culture market.  

Here are a few stem cell funding initiatives that have put the demand for protein surface coating for cell culture firmly on the growth track:

• EuroStemCell’s grant of six million euros, announced under the HumEn project, has brought several leading research groups and corporate entities together under an initiative to develop insulin-producing beta cells that are responsive to changes in glucose levels. The aim of the project is to use these beta cells for cell-replacement therapy among people suffering from diabetes. However, this project is just one of the many major funding initiatives undertaken in Europe for stem cell research. The HEALTH research program, which is undertaken by the European Commission, has recently funded as many as seven research projects focused on stem cell therapies. 

Browse Market Research Press Release of Cell Culture Protein Surface Coatings Market: http://www.transparencymarketresearch.com/pressrelease/cell-culture-protein-surface-coatings-market.htm

• In 2009, the President of the United States, Barack Obama, signed an order that would help remove regulatory impediments associated with research pertaining to human stem cell research. According to the National Institutes of Health (NIH), the US$1.4 billion is estimated to be allocated to stem cell research in financial year 2016. This indicates the massive potential that stem cell research carries in the United States. 
• Besides EU nations and the U.S., countries such as India and China are also announcing funding initiatives for stem cell research. India’s Department of Biotechnology (DBT), which functions under the aegis of the union ministry of science and technology, for instance, has recently issued a grant for stem cell research aimed at finding a low-cost treatment for arthritis. However, low-resource nations such as India, which are more often than not underserved, are now waking up to the importance of funding more research in stem cell. This will lead to the robust growth of the protein surface coating for cell culture market in economies such as India and China. 

These are only a few examples of how increased funding for stem cell research will contribute to the growth of the global cell culture protein surface coating market; other developed countries in the Asia Pacific region and Latin America are also proactively working toward this end. 

Need to Reduce Chronic Pain Fuels Demand for Intrathecal Pumps in the U.S. and Asia Pacific

Defined as a surgically implanted system that is used to infuse medication directly into the spinal cord or around it, intrathecal pumps are typically used to alleviate chronic pain in the body. They are also used in spasticity management for delivering medicines in a given intrathecal space, which allows administration of drugs in extremely low doses. The use of these pumps helps in reducing the side effects related with the drugs. 

High Patient Awareness Propelling Global Intrathecal Pumps Market at 4.1% CAGR

Driven by high patient awareness and technological advancements, the market for intrathecal pumps is likely to show significant increases in safety, efficacy, and approval for potential indications, in spite of the frequent product recalls. The demand for these pumps is expected to grow steadily in the next five years as these devices are capable of delivering precise doses of medication without complex pumping. Intrathecal pumps are typically preferred for use in times when a patient is looking for a long-term medication. The fact that, most of the times, alternatives to intrathecal pumps are costlier or less effective helps increase the demand for intrathecal pumps.

Browse Market Research Report of Intrathecal Pumps Market: http://www.transparencymarketresearch.com/intrathecal-pumps-market.html

The prevalence of chronic pain is high in the U.S. population as well as among people in other parts of the world. According to a market study report from Transparency Market Research (TMR), it is estimated that nearly 116 million people in the U.S. suffer from chronic pain. Most of the chronic pain cases in this region are not adequately controlled with pain management drugs such as oral narcotic agents and others. Hence, the need to reduce or treat chronic pain is majorly fueling the intrathecal pumps market in the U.S. and other major regions such as Asia Pacific. 

Owing to the device’s ability to reduce debilitating pain more effectively and with less side effects than other options, and conduct drug administration in low doses, the intrathecal pumps market is expected to rise at a 4.1% CAGR from 2014 to 2020. The aforementioned TMR research report on the intrathecal pumps market states that the market is expected to reach an estimated value of US$0.26 bn in 2020 from a value of US$0.19 bn in 2013.

Browse Market Research Press Release of Intrathecal Pumps Market: http://www.transparencymarketresearch.com/pressrelease/intrathecal-pumps-market.htm

Innovation in Intrathecal Pumps Led by Medtronic, Codman, Shurtleff

Currently, there are a few dominant companies in the global market such as Codman and Shurtleff, Inc. and Medtronic, Inc. that are at the forefront of advancing technologies related to intrathecal pumps. In 2013, Medtronic, Inc. sold almost 140,000 synchromed pumps that are mostly used in pain management. In the past few years, Medtronic, Inc. has made significant improvements in spinal cord stimulator devices from the time it invented the MRI-compatible systems and position sensor restore systems. One of its major launches, called Ascenda catheter, earned an approval from the FDA in 2012 as an effective catheter for use in the delivery of intrathecal baclofen (ITB) therapy. 

Ascenda catheter offers less but effective medication and side effects as compared to oral baclofen treatment. Over the last few years, ITB therapy has been proved effective in clinical trials to reduce severe spasticity.

Global Spectrometry Market Driven by Innovation and Product Enhancement

The global spectrometry market was valued at US$12,212.9 million in 2013 and is expected to be valued at US$19,608.7 million by 2020. Improvement in spectrometry technology and relevant products has led the global spectrometry market to grow spectacularly. The market is expected to grow at a 7.2% CAGR in the period between 2014 and 2020. 

Emergence of New Spectrometry Techniques Aiding Global Spectrometry Market

Over the past few years, key players in the global spectrometry market have introduced many new advancements in spectrometry techniques. Spectrometry techniques, over the last decade, have been resilient in providing an informative tool to scientists to fulfill the needs of various applications in differing industries. Multinational companies from across the globe have accounted for the majority of the global spectrometry market. Some of the leading players in the global spectrometry market are Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, AB Sciex, Perkin Elmer Inc., Bruker Corporation, and Shimadzu Corporation.  

Browse Market Research Report of Spectrometry Market: http://www.transparencymarketresearch.com/spectrometry-market.html

Recently, the National Physical Laboratory (NPL) in the U.S. revealed the hidden usability and meaning of mass spectrometry images. The National Physical Laboratory (NPL) worked with 20 different laboratories from different locations across the globe to study and resolve the issues in time-of-flight secondary ion mass spectrometry (ToF- SIMS). According to the study, a new algorithm has now been developed to resolve the issues and enable the formation of better images. Gas cluster ion beams (GCIB) have also deeply advanced the study of biological and organic materials such as organic light emitting diodes, polymer blends, and optical devices. With the help of surface analytical technologies such as time-of-flight secondary ion mass spectrometry (ToF- SIMS) and gas cluster ion beams (GCIB), it will be easy to obtain 3D reconstructions and profiles of the samples. 

At the National Physical Laboratory, samples were produced and disseminated to all 20 participating laboratories for further study by using the techniques such as X-ray photoelectron spectrometry (XPS), and time-of-flight secondary ion mass spectrometry (ToF- SIMS). These two techniques were used for mere comparison. The comparison proved that with the help of X-ray photoelectron spectrometry (XPS), most of the participants were able to understand the technique to overcome the listed issues and matrix effects. 

Earlier this year, the National Physical Laboratory had published a report in the International Journal of Mass Spectrometry. This was considered to be the first major study investigating the matrix effects in organic secondary ion mass spectrometry. 

Browse Market Research Press Release of Spectrometry Market: http://www.transparencymarketresearch.com/pressrelease/spectrometry-market.htm

North America Ruling Global Spectrometry Market 

The global spectrometry market is segmented on the basis of geography, application, and technologies. By geography, the global spectrometry market is divided into Asia Pacific, Europe, North America, and Rest of the World. The North America spectrometry market is expected to lead the global market during the forecast period. In terms of advancements in technology, the Europe spectrometry market has reached a saturation stage. However, with a wider range of applications such as aeronautics, space, and defense, the spectrometry market in Europe will continue to contribute during the forecast period. 

By technology, the global spectrometry market is divided into atomic spectrometry, molecular spectrometry, and mass spectrometry. The nuclear magnetic resonance segment of the molecular spectrometry sector is forecast to lead the global market, as it is expected to be valued at US$1.7 billion by 2020. With an 18.4% CAGR, the biotechnology market is expected to lead the global spectrometry market by application by 2020.

How are the Declining Crude Oil Prices Impacting Global Natural Oil Polyol Market?

Polyol is the most important raw material required for the production of polyurea and polyuretha. It is derived from a nontraditional source – natural oils. Traditionally, petroleum and petroleum-derived feedstock formed the primary source for the production of polyols. Polyols find an extensive range of applications in industries such as paints and coatings, construction, and automotive. 

The interest in using biobased polyols, especially the ones derived from natural oils has seen a significant rise in the past few years owing to two chief reasons: extreme rise in crude oil prices in the past decade and environmental concerns regarding non-degradable nature of petro-based polyurethane products.

Browse Natural Oil Polyol Market Report with Full TOC at http://www.transparencymarketresearch.com/natural-oil-polyol-market.html

How Extreme Rise in Crude Oil Prices Paved Way for Natural Oil Polyols  

Of late, the steeply rising crude oil prices globally have paved the way for the introduction of an alternate source of raw material for the production of polyol. Especially in the past decade, when crude oil prices saw a dramatic rise from nearly US$00 per barrel in 2000 to nearly US$130 per barrel in the middle of 2008, the need for finding an alternative for petroleum and petroleum-derived feedstock was felt to be most pressing. 

The adoption of natural oil polyols in these circumstances was the need of the period. Environmental concerns regarding the non-biodegradable nature of petro-based polyols also encouraged the adoption of natural oil polyols. This has led to the formation of a billion dollar industry. A market research report, published by the market research firm Transparency Market Research, states that the market for natural oil polyols had a valuation of US$3.88 billion in 2013. The report projects a good growth trajectory for the market’s future over the period 2014-20. According to the report, the market will expand at a 9.3% CAGR and rise to US$7.22 billion by 2020. It should be remembered however, that this forecast was based at a time when prices of crude oil in the global market were still high, almost double of what they are now.  

Will the Current Low Prices Prompt Polyol Producers to go Back to the Petroleum Industry for Feedstock?

Chances are ripe. The rapidly declining prices of crude oil since the beginning of this year have changed the overall dynamics of many industries. As oil companies continue to reduce oil prices to sustain the tough times, an industry such as polyol, which primarily made its move to natural oil feedstock due to extreme rise in crude oil prices, has every chance of moving back to its traditional, most-trusted source – petroleum. Consistently dropping crude oil prices are definitely attracting industries that source a variety of raw materials from the oil industry, and the situation can very much impact the natural oil polyol market negatively. 

Browse Press Release 

http://www.transparencymarketresearch.com/pressrelease/natural-oil-polyol-market.htm

But it also needs to be remembered that the price fluctuations in the crude oil market is nothing new. Even if the market for natural oil polyol follows a rough growth path for some time starting from now, the market has every chance of recovering its proceeds in the long run. The added sustainability granted to polyurethane products by natural oil polyols hints the bright future of these substances.

As the world begins realizing the added benefits of natural oil polyols above the polyols based on petroleum products, regulations mandating the use of the former may also follow soon. What businesses in the global natural oil polyol market need now is to have faith in the growing awareness of industries and consumers about the need for sustainable and bio-degradable products. After all, the times when the world will demand for everything that is ‘green’ is not very far away.

Global Compressed Natural Gas Market: Rapid Adoption of Cleaner Fuel is Far-Fetched with Inadequate Refueling Infrastructure

Compressed natural gas (CNG) as a clean alternative to gasoline or diesel has strengthened the argument for CNG as a transportation fuel. Strict emission control mandates imposed by governments across the world has made CNG one of the most viable clean fuels. The global CNG market was worth US$56.32 billion in 2013. Price incentives and government initiatives are expected to fuel the market growth at a CAGR of 12.3% during the period between 2014 and 2020. The global CNG market is estimated to be worth US$126.19 billion by 2020.

Browse Compressed Natural Gas Market  Report with Full TOC at http://www.transparencymarketresearch.com/compressed-natural-gas.html

Why an Average Consumer is Hesitant to Shift to CNG?

Despite the compelling arguments in favor of CNG as a transportation fuel, consumers have not yet switched to the cleaner fuel as expected. Lack of adequate refueling infrastructure is one of the main reasons behind the slower adoption of CNG. For example, in the U.S., there are merely over 1,300 public and private natural gas stations that are clearly not sufficient for a country where CNG powers more than 150,000 vehicles. There are countless stretches of highway spanning hundreds of miles without any CNG refueling station. The situation is pretty much same in other countries as well. 

Especially in rural areas, CNG is not easily available. The lack of refueling infrastructure can be traced to the high cost and operating expenses of compression equipment. Though a natural gas compression station should be ideally connected to a high pressure interstate pipe, the reality is different. The operating expenses further increase with lower natural gas inlet pressure. All these factors have led to the concentration of CNG refueling stations in urban areas only. 

CNG Refueling Station Development: A Cost Intensive Effort

According to the U.S. Department of Energy, in 2010, the cost of installing a CNG fueling station could scale up to US$2 million. The cost depends on factors such as daily required throughput and the speed of fueling (time-fill or fast-fill stations). Time-fill fueling stations require smaller compression equipment, which reduces the cost significantly but at the expense of prolonged fueling duration. Fast-fill stations utilize powerful compression equipment and high-pressure storage system that raises the overall cost. 

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http://www.transparencymarketresearch.com/pressrelease/compressed-natural-gas.htm

Lack of public or private CNG refueling stations presents a daunting challenge especially to fleet operators for whom the fuel cost savings are lucrative. It has been observed that the development of CNG fueling infrastructure is based on four models: On-site private fueling, off-site private fueling, on-site fueling for fleets with public access, and off-site public fueling. Development of private fueling station at a fleet’s operating site compels a fleet operator to sign a long-term contract with adequate volume commitments to cover the cost of constructing the station. Though many third parties have come forward to build CNG refueling stations, it will take some time to gain the confidence of fleet operators as well as individual consumers regarding adoption of CNG. 

Special Requirements from Different Industries Sparks Innovation in Adhesives and Sealants Market

Analysts at business intelligence firm Transparency Market Research (TMR) nperfectly describes the need for adhesives and sealants. In a recent report, the lead analyst of the study states: Given the characteristic of binding two substances or surfaces together, adhesives and sealants are most often used in industries where the integrity of the final commodity is of vital significance. The construction and automotive sectors, as a result, are the largest end users of adhesives and sealants. 

The report indicates that the evolutionary nature of the adhesives and sealants market is likely to boost its growth from US$22.70 billion in 2012 to US$31.64 billion by 2018 at a 5.7% CAGR.

Browse Medical Adhesives and Sealants Market Report with Full TOC at http://www.transparencymarketresearch.com/adhesives-and-sealants-market.html

Discussed below are some of the recent developments in the adhesives and sealants market.

UCSB Scientists Develop Super Glue for Underwater Adhesion

A team of researchers at the University of California, Santa Barbara (UCSB) last month developed a type of super adhesive that can be used under water. The need for adhesives that stick under water drove the scientists to focus on natural adhesives that work in an aqueous environment. Two chemicals – catechol and lysine – were found to work best for underwater adhesion. The findings of the study by UCSB scientists Michael Rapp, Jacob Israelachvili, Herb Waite, Greg Maier, and Alison Butler appeared in the journal Science. 

An Adhesive that Hardens when Electrocuted

At the end of August, researchers at Singapore’s Nanyang Technological University created an adhesive that hardens only when electric current is applied. Voltaglue is not affected by environmental changes and does not lose any of its strength when exposed to high moisture or heat. Assistant professor Terry Steele and his team developed Voltaglue by using hydrogels made out of carbon molecules. When electrocuted, the reactive carbon molecules release and stick to nearby surfaces. 

Byproduct of Cotton Production as Alternative to Petroleum-based Sealants

The U.S. Department of Agriculture scientists are presently working on using a byproduct of cotton production to develop a biobased interior wood adhesive. Cottonseed meal, leftovers after oil and lint are extracted from cotton seed, is usually used as livestock feed or fertilizer, but is currently being studied as a biodegradable environmentally friendly alternative to petroleum-based adhesives and sealants. 

Browse Press Release 

http://www.transparencymarketresearch.com/pressrelease/adhesives-sealants-market.htm

Adhesives Designed for Use on UV-Coated Surfaces

Tape adhesives usually have no or poor adhesion quality when used on UV-coated materials. Essentra Specialty Tapes recently introduced a series of double-sided adhesive tapes that can stick well to UV-coated surfaces on cartons, boxes, POP displays, posters, easels, and danglers. These tapes are made from specially modified hot melt rubber-based and acrylic adhesives.

Increasing investment on product research and development by the industry, backed by the presence of innovative and dedicated manufacturers such as BASF, Dow Chemical Company, and 3M are likely to boost the adhesives and sealants market in the near future.

Widening Application Scope to Augment Global Electronic Chemicals Market

The global electronic chemicals market is characterized by rapidly changing technology and innovation. In fact, innovation plays a very pivotal role in determining the success of this industry. Electronic chemicals are the basic raw materials used extensively in the areas of telecommunication, information technology, and, very importantly, in flat panel displays. 

There is a direct impact of the price, supply, and even the quality of electronic chemicals on the degree of competition witnessed by most downstream electronics industries. Electronic chemicals play a vital role in meeting the requirements of product specifications. The entry barrier in the global electronic chemicals market is rather high because of the rapidly changing technological background and the long time taken for evaluating the entire process of performance validation.

Browse Electronic Chemicals Market Report with Full TOC at http://www.transparencymarketresearch.com/electronic-chemical.html 

Growing at a CAGR of 6.2% from 2014 to 2020, the global electronic chemicals market is expected to reach US$62.92 billion by 2020 from US$41.02 billion in 2013. It is, however, expected that widespread implementation of environmental regulations will hamper the growth of the global electronic chemicals market in the years to come. 

Business Ventures to Drive Market in Forthcoming Years

The global electronic chemicals market is mainly fuelled by the surging global demand for smartphones and also the expanding solar energy market. A few of the prominent companies in the global electronic chemicals market are Huntsman Corporation, AZ Electronic Materials, Cabor Microelectronics Corporation, The Linde Group, Bayer MaterialScience, Ashland Inc., BASF SE, and Albemarle Corporation. With the demand for smartphones gaining momentum, there are numerous companies in the global electronic chemicals market that have been investing robustly in this application sector over the past couple of years.

In 2014, Merck & Co. Inc., a U.S.-based pharmaceutical firm, declared its acquisition of AZ Electronic Materials, a Luxembourg-based specialty chemicals firms mainly engaged in manufacturing flat panel displays and integrated circuits. With the acquisition of AZ Electronics, Merck will be able to increase its participation in some of the major trends in the world of electronic materials and also have greater potential for further expansion in the Asia market.

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http://www.transparencymarketresearch.com/pressrelease/electronic-chemical-market.htm 

What Role does the Solar Energy Market Play in the World of Electronic Chemicals?

The solar power market is a rapidly evolving one and is a major consumer of electronic chemicals. Over the past couple of years, manufacturers of flat display panels and semiconductors have realized that the requirements of manufacturers of solar cells can easily be fulfilled by the manufacturing process of the latter, with only a few minor adjustments. 

Companies such as the OM Group and Hubbard Hall are actively engaged in supplying products to companies operating in the solar power and photovoltaics markets. These companies offer highly purified processed chemicals for the production of solar cells and other solar-powered devices. The latest photovoltaic technology makes use of electronic materials such as zinc and copper, which is proving to be quite economical and gainful in the overall solar energy market. This will drive the global electronics chemicals market in the years to come.

Latin America Drilling Fluids Market: Environmental Concerns to Boost Demand for Non Aqueous Drilling Fluids

Lately, drilling activities in Latin America have led to the discovery of unexplored oil fields. In Columbia, a new oil field has been discovered by GeoPark Limited following the drilling of exploration well Chachalaca 1 in Llanos 34 block. In late July, drilling operations in a subsea region off the coast of Guyana by Exxcon Mobil Corp. a huge reserve of oil and natural gas was unearthed. The market for drilling fluids in the region has been boosted by these recent findings. The Latin America drilling fluids market is estimated to reach a valuation of US$1,161.1 million by 2019, expanding at a CAGR of 9.63% during the period between 2014 and 2020. 

However, the adverse environmental effects of drilling have been well known. Entire ecosystems can be wiped out as a result of oil contamination and oil spills. Offshore drilling also disrupts and pollutes marine life habitats. The drilling processes generate drill cuttings and waste fluids that pollute the surrounding environment. Growing knowledge about such factors will restrict the market growth to an extent.

Browse Latin America Drilling Fluids Market Report with Full TOC at http://www.transparencymarketresearch.com/latin-america-drilling-fluids-market.html 

Non Aqueous Drilling Fluids Display High Drilling Performance and Environment-Friendly Operations 

New techniques of drilling such as extended reach and directional drilling require fluids that offer high lubricity and stability at high temperatures. According to the International Association of Oil and Gas Producers, the non-aqueous drilling fluids (NADFs) have gained preference over water-based fluids (WBFs) as they deliver high drilling performance and ensure environment-friendly operations. Earlier, diesel or crude oil was used as the base fluid in NADFs. To lessen the impact of discharged drill cuttings on environment, mineral oils have replaced diesel and crude. Low toxicity mineral oil based fluids, synthetic fluids, and highly refined mineral oils are widely used as base fluids. 

These base fluids are less toxic owing to reduced concentrations of aromatic compounds. In new generation drilling fluids, the presence of polyaromatic hydrocarbons, the most toxic component of drilling fluids, has been reduced to less than 0.001% from 1-4%. The new generation drilling fluids containing synthetic base fluids such as olefins, esters, and paraffins are less toxic and more biodegradable than early generation diesel and mineral oil base fluids.

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http://www.transparencymarketresearch.com/pressrelease/latin-america-drilling-fluids-market.htm  

Disposal of Non Aqueous Drilling Fluids: Regulatory Standards Assure Disposal in an Environmentally Accepted Manner

Though less toxic than the diesel and mineral oil base fluids, regulatory standards across many nations in Latin America do not allow discharge of whole non-aqueous fluid into the environment. The high-cost of non-aqueous fluids has led to reuse of the fluid. Depending upon the availability of onshore infrastructure and additional drilling wells, waste NADFs are recovered and recycled. Otherwise, they are disposed of in an environmentally accepted manner. 

Reprocessed Medical Devices Market to Register Rapid Growth as Reducing Medical Waste Becomes Priority

Reprocessing of medical devices as a concept is not one coined recently. It has always remained a significant part of the medical device lifecycle in developed and emerging economies alike. Reprocessing of medical devices refers to the method of testing, disinfecting, cleaning, sterilizing, remanufacturing, packaging, and then labelling used or expired but undamaged medical devices, the process being intended to make them patient-ready and at a much lower cost than new devices. 

The demand for reprocessed medical devices has significantly increased over the last few years. However, the practice in developing nations is solely aimed at reducing supply costs incurred by hospitals, which often compromises patients’ safety. Several research publications on the medical devices market indicate that until a decade back, medical device reprocessing was mostly performed within the hospital setting by hospital staffs. Not many of them take a note of the proper guidelines and regulations before performing the method. To curb such incidences, the FDA has introduced reprocessing guidelines, which has also positively impacted the market for reprocessed medical devices around the world. The promulgation of FDA guidelines on medical device reprocessing has encouraged many third party vendors to venture into the industry and hospitals have also become more likely to outsource medical device reprocessing to qualified third party service providers. 

Browse Market Research Report of Reprocessed Medical Devices Market: http://www.transparencymarketresearch.com/reprocessed-medical-devices.html

Reprocessing Instructions Laid Down by the FDA

To ensure that medical device reprocessing does not compromise patients’ safety, the FDA has formulated six instructions. The instructions laid down by the FDA include:

1. FDA mandates labelling of reprocessed medical devices to address all six criteria it laid down for clear reprocessing. This is intended to help users understand and correctly comply with the reprocessing instructions. 

2. The instructions for reprocessing medical devices recommend users to thoroughly clean the device. Cleaning, therefore, is the very first step that should be described in the labelling as part of the processing instruction. 

3. The reprocessing instructions included in the labelling should also indicate the appropriate microbicidal process to be followed for the device. This criterion also requires the instructions to be consistent with the prevailing infection control principles. 

4. Players venturing into the market must ensure that reprocessing instructions are technically feasible and include only medical accessories or devices that are legally marketed. 

Browse Market Research Press Release of Reprocessed Medical Devices Market: http://www.transparencymarketresearch.com/pressrelease/reprocessed-medical-devices.htm

5. The reprocessing instructions included in the packaging must be comprehensive. The users should precisely understand how to perform the complete process safely and effectively. 

6. Reprocessing instructions should be mentioned in an understandable, clear, and legible manner. Every step must to be followed for reprocessing must be mentioned in a sequential order. 

Reprocessed medical devices are available at a much reduced cost, which helps hospitals and healthcare organizations address the issue of medical wastage in conjunction with the increasing adoption of these devices. The Association of Medical Device Reprocessors (AMDR) says that a typical hospital can save US$500,000 to US$2 million every year by using reprocessed medical devices. This is a primary factor boosting the rapid development of the global reprocessed medical devices market. 

According to Transparency Market Research, the global reprocessed medical devices market, which stood at US$0.78 billion in 2013, is expected to reach US$2.58 billion by 2020. If the figures hold true, the global reprocessed medical devices market will exhibit a healthy 19.3% CAGR during the period. 

State-run Family Healthcare Services Stimulate Home Healthcare Services Market in Brazil

As the demographics are changing in many developing countries in Latin America, Brazil is facing rapid aging of its population. Contrary to what happened in developed countries in the Northern Hemisphere, the Brazilian population is getting older earlier.

According to the 2010 census in Brazil, of a total population of 190 million, inhabitants above 60 years of age constituted 20.6 million and inhabitants above 80 years of age constituted 3 million. By 2025, the senior population is expected to be more than 32 million. 

Presently, the life expectancy at birth for men and women in Brazil is 67.3 years and 75.2 years, respectively. To serve this demographic distribution and subsequent healthcare dynamics, in 2014, the health expenditure in the country was little more than US$300/year per capita, which is equivalent to 8% of the GDP. 

Browse Market Research Report of Latin America Home Healthcare Market: http://www.transparencymarketresearch.com/latin-america-home-healthcare-market.html

Rising Geriatric Population Burdens Public Healthcare System in Brazil

Worldwide, chronic diseases are highly prevalent among the elderly, and Brazil is no exception. According to statistics from a study carried in 2011, 77.4% Brazilians over 60 recorded some disease, with the proportion rising to 81.3% among individuals over 75 years. 

An analysis of the illnesses among the elderly reveals that 48.9% of the population over 60 recorded the presence of more than one chronic disease, which was recorded to be 54% in those over 75 years. Hence, a healthcare solution to cater to the increasing geriatric patient pool is needed in the country.

In addition, in Brazil, the great distances between major cities in the country due to its large size, combined with factors such as marked cultural and racial heterogeneity, 22% of the population being below the poverty line, and fast decrease in family size as well as dependence ratio necessitate a system that can guarantee social assistance to the growing elderly population.   

In Brazil, Sistema Único de Saúd (SUS), the public healthcare system, is the primary healthcare service for 73% of the elderly and 80% of the very old population in the country. Since only 27% of the population over 60 and only 20% of the population over 80 in the country are affiliated with health plans, an overwhelming majority requires government aid for healthcare. 

Thus, healthcare solutions that are applicable to the elderly as well as to a rapidly growing population with multiple illnesses, limited financial resources, and scant family support are needed.

Browse Market Research Press Release of Latin America Home Healthcare Market: http://www.transparencymarketresearch.com/pressrelease/latin-america-home-healthcare-market.htm

Home Healthcare in Brazil – an Overview 

Conceived in the nineties, the Family Health Strategy (FHS) program has been one of the most important and successful healthcare instruments in Brazil. The service is based on the idea of decentralization of healthcare, which is provided at family level through community health workers trained in multiple disciplines for primary care.

To support this, cross-sectional data from a study carried out in a city in southern Brazil and employing statistical tools such as logistic regression and χ2 test with different determination levels has established that FHS has expanded the use of home care considerably in comparison to use of the service in association with traditional primary health care (TPHC) services. 

In the Latin America home healthcare market, home healthcare devices constitute a major part of home healthcare services. High acceptance of medical devices combined with technological advancement is expected to help the home healthcare devices segment register the highest CAGR from 2012 to 2020, according to a recent market study by Transparency Market Research (TMR). 

Home healthcare services in Latin America comprise rehabilitation services, telemedicine and telehealth services, unskilled home healthcare services, intuition therapy services, and respiratory therapy services. Amongst all, in 2013, unskilled home healthcare services held more than 45% of the overall home healthcare services market in Latin America, according to TMR.