Smart Gas Meters Reinforce Efforts to Curb Carbon Footprint: Here’s how

In the last couple of years, the deregulation of the energy sector in both developed and developing countries has been beneficial in several ways. While for the former, it has helped in betterment of services by means of drop in prices, for the latter, the removal of the barrier for private parties to extend utility services has helped in the improvement of services in these countries.

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However, the restructuring of the energy sector has necessitated the use of a means for consumption to match energy generation. The utilization of smart meters is looked upon as a formidable solution to overcome the shortcomings of traditional electrical and gas meters and to make life easier for consumers in this regard.

Installation Benefits of Smart Gas Meters – a Snapshot

First and foremost, the installation of smart meters is a useful tool for consumers to manage energy bills efficiently. The ease of placing these devices, which work in conjunction with a smart energy monitor to show the amount of energy used and an indication of the cost to the nearest decimal, anywhere around the house has helped generate demand for them in the past few years. Thus, the cost, for instance, to boil a kettle or leave the internal heating on at night can be physically viewed, which allows consumers to make changes that can help reduce energy bills. These meters automatically send meter readings to the energy supplier, which helps consumers avoid doing the mundane task.

In the bid to enhance the usability of smart meters, British Gas is trialing the use of smart meters for customers who want to implement a ‘Pay As You Go’ system, wherein the meter can be topped up either online or over the phone with an app and customers can have a visual representation of the available credit on the handy smart energy monitor.

In present times, utility companies have recognized the promise that smart energy distribution systems offer and are making efforts to translate the utilization of these systems into real benefits. This will account for the smart gas market’s rise at a phenomenal 32.20% CAGR from 2015 to 2023, says a market study published by Transparency Market Research.

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TMR analysts have enumerated some of the factors that are impacting the course of the smart gas meter market, which are as follows:

·         Consistently increasing demand for energy for residential, commercial, and industrial needs is necessitating attaining energy security goals for the long run. In the bid to achieve this, gas is increasingly being accepted as a utility, which is leading to the installation of smart devices to derive maximum value.

·         Presently, several environmental agencies working at an international level are focused on prescribing mandates in order to reduce greenhouse gas emissions that are associated with the deterioration of our planet. In this endeavor, use of smart gas meters is a step towards keeping a check on energy consumption.

·         In some of the countries in Central America, such as Brazil, the government’s initiative in rolling out smart gas meters to curb energy theft will benefit the said market in the forthcoming years. Other developing economies in the world are expected to follow suit in this regard.

Is the Skin Care Product Industry Serious about Getting Rid of Harmful Chemicals?

Those familiar with skin care products would know what the uses of retinol, argan oil, peptides, seaweed, benzoyl peroxide and salicylic acid are. Armed to the teeth with these chemicals and active ingredients designed to give a user the most beautiful, soft, and radiant skin, skin care products come in a large variety of packaging and pricings. As one of the most marketed FMCG products, the global skin care products market holds a high rate of sales through a wide range of products, which are claimed to be beneficial for all common skin types.

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The global skin care products market was recorded at a substantial US$110.7 bn at the end of 2014. Expected to proceed at a CAGR of 4.90% between 2015 and 2021, the global skin care products market should be valued at US$155.4 bn by the end of this period.

How is the Global Skin Care Products Market Faring Right Now?

To sum it up, rather well. The biggest reason the global skin care products market is growing today is the higher number of individuals that fall into the bracket of low- and middle-income citizens with more disposable income. With more people having more money to spend, the global skin care products market, which is considered a luxury in developing economies, finds rising preference. Other factors that go with the increasing number of skin care product shoppers is the advancements in this field that have given birth to potent and skin-specific treatments and preventive creams.

The global consumer base for the skin care products market is moving towards the newest trend of using skin glowing products, especially prevalent among consumers from the middle- and low-income brackets. So is the case with skin brightening products in tropical regions, such as the Middle East, a few African countries, and Asia Pacific. Countries in Latin America, on the other hand, hold a massive consumer segment that leans towards sunscreens and similar products. Within a regional scope, the global skin care products market was dominated by Asia Pacific, and is expected to continue leading it in the near future. This is primarily possible due to the massive population of skin care users in China and Japan. The fastest CAGR in the global skin care products market’s regions is the 8.60% expected to be displayed by the MEA region between 2015 and 2021.

Is the Skin Care Industry Getting Rid of Toxic Ingredients?

Not yet. Not all brands have completely sworn off using substances that are consistently linked to health issues such as cancer. At the top of this harmful chemicals list are parabens. Parabens were commonly used as a preservative in the global skin care products market due to their cheap and easy manufacturing. The chemicals have, however, been proven to have been the aggravators of cancer in many cosmetic product users. Parabens imitate the actions of estrogens, and when they enter the blood stream, are known to cause breast cancer and multiple issues with the reproductive system. This was demonstrated by researchers from Silent Spring and the University of California Berkeley. The former is a well-known women’s health research body. Through their studies, they noticed that nearly 25% of the breast cancer cases analyzed are related to higher levels of the human epidermal growth factor and estrogen. The exposure of cancer cells to parabens revealed a significant increase in the growth of cancer.

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With a long stream of debates over the actual potency of parabens and other chemicals in causing diseases, many brands in the global skin care products market have opted out, replacing parabens with alternative preservatives, while many others still continue to use them. Large-scale removal of harmful chemicals in skin care products will go a long way in ensuring sustained success for the skin care products market, while sticking to using parabens and other harmful chemicals has the potential of blowing up in the face of major skin care products market players.

Global Plastic Packaging Market: Bioplastics to Define Future Outlook

Bioplastics refer to plastics derived from renewable biomass sources such as corn starch, vegetable oils and fats, and microbiota. The global plastic packaging markethas a huge opportunity to grow with the increasing demand for bioplastics. Rising demand for plastics in pharmaceutical packaging, coupled with increasing consumer preference towards flexible plastics, has propelled the global plastic packaging market. The global plastic packaging market is projected to expand at a CAGR of 5.20% during the period between 2014 and 2020. The overall market was worth US$259.6 bn in 2013 and is estimated to be valued at US$370.2 bn by 2020.

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How Bioplastics Score Over Conventional Plastics

In bioplastics, carbon is derived from renewable feedstock that may or may not be biodegradable. According to European Bioplastics, a platform representing the interests of 70 member companies in the bioplastics industry throughout the European Union, a plastic material can be termed as a bioplastic if it is either biodegradable or biobased, or both. Bioplastics have a number of advantages over conventional petro-plastics:

·      Made from a variety of renewable resources, bioplastics can be composted locally into a soil amendment and can be utilized by living matter. Petro-plastics, on the other hand, are mostly non-biodegradable and have adverse effects on soil- and water-dwelling organisms.

·      Bioplastics can contribute to healthier economies. A recent study by the Centre for Economics & Business Research (CEBR) has found out that the growing domestic bioplastics sector in the UK would lead to 35,000 jobs and £2 bn in gross value added to the economy. The conventional petro-plastics industry, however, supports more oil drilling owing to skyrocketing demand and production with low recycling and reuse.

Nanotechnology to Improve Performance of Bioplastics

Though bioplastics have significant advantages over petro-plastics, one of the major challenges in the development of bioplastics is their inferior mechanical properties, such as barrier properties, which are not as good as those of petro-plastics. Manufacturers are utilizing nanotechnology to overcome these shortcomings in bioplastics. In commercial bioplastics products, nanotechnology is already being used. For example, Cereplast Inc. has developed cutlery and drinking straws with the help of nanotechnology in bioplastics. BioTRED, a Goodyear-Novamont tire made partially from Mater-Bi starches, is another bioplastics product manufactured using nanotechnology. According to the manufacturers, some of the mechanical properties of bioplastics tires have been enhanced by more than 100X with the implementation of nanotechnology.

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Are Bioplastics Safe?

The usage of nanotechnology to enhance mechanical properties of bioplastics has raised some eyebrows. Lack of research for identifying the potential risks of nanotechnology has raised concerns regarding the role of bioplastics in contaminating conventional plastics recycling. Also, the impact of nano particles on environment and humans has not been assessed extensively. However, on the whole, bioplastics do not present significant health risks and are thus rising in demand across the world.

Launch of New Products by Top Players to Boost Eyewear Market

The eyewear market is majorly fuelled by the increasing population suffering from conditions such as presbyopia, myopia, astigmatism, and hyperopia. Thus, the increasing demand for corrective eyewear is the key driving factor responsible for the market’s growth. The younger generation, still in the vision development process, nowadays spends more time indoors in playing video games, watching TV, and interacting with numerous electronic devices, hence increasing the risk of vision problems. Additionally, senior and middle-aged consumers usually undergo a number of vision problems and use either prescription eyewear or reading glasses that are readymade for improving their vision.  Sunglasses and regular eyeglasses have also emerged as popular style statements. This is why manufacturers are continuously launching new eyewear having different styles and shapes for capitalizing on this developing trend. All these factors are poised to stimulate the global eyewear market.

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There are a number of products in the eyewear market such as spectacles, including spectacle frames and spectacle lenses, contact lenses, and Plano sunglasses. TMR, a market intelligence company, elaborates on the new innovations in eyeglass lenses being introduced in the eyewear market by key players and explains the ways in which these products help in improving consumers’ vision.

·         Digital Lenses for Bespectacled Digital Device Users by Zeiss: Zeiss has launched various eyeglass coatings and lenses that are particularly made keeping in mind digital device users. The new digital lenses have been introduced by Zeiss in May 2015 and are designed for people who usually wear single vision lenses but require an extra boost while working on electronic devices. The Zeiss progressive lenses are optimized for achieving different vision goals. Amongst the lenses, Precision Pure lenses are made for the closer reading distance required while using tablets, computers, and smartphones, among others. Precision Plus lenses are the same as Precision Pure lenses, another category of Zeiss’ progressive lenses, but present a wider range of frame styles that cannot be accessed in other progressive lenses.

·         Signature VII Photochromic Lenses by Transitions Optical:  These lenses have been recently introduced and feature a new molecular and dye formulation technology that has made these lenses much more responsive to UV radiation as compared to all other lenses.  The Signature VII lenses become dark when exposed to indirect lightning and during hot days they become photochromic lenses. These lenses fade back to clear to present optimal clarity while they are being used indoors.

·         Recharge EX3 AR by Hoya Vision Care: This is an anti-reflective next-generation lens treatment utilized to filter blue or HEV light. HEV light has a number of potential hazards related to it, such as blurred vision, eye fatigue, sleep disorders, headaches, and retinal photoreceptors getting damaged over time. This light is emitted by handheld devices including smartphones, portable electronic devices, e-readers, etc. Recharge EX3 AR lenses prevent blue light from reaching the eye and thus enhance visual comfort along with lowering problems related to high-energy visible light.

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These, along with a number of market in the coming future. However, the increasing popularity of refractive surgeries may impede the growth of the market in the forthcoming years.

Global Cervical Cancer Diagnostic Tests Market to reach US$8.9 bn by 2020, Propelled by Increased Cervical Cancer Patients

Cancer Care Manitoba demonstrated cancer testing procedures at Winnipeg’s Health Science Centre (HSC) recently, as part of the cervical cancer awareness week. The main focus of this program was to exhibit liquid-based cytology testing. Liquid-based cytology testing is a process that reduces the need for retesting. Samples of cervical cancer are collected through a process called pap test. This method of collecting samples of cervical cancer allows accurate and quick analysis.

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In Manitoba, every year, nearly 45 women are identified with cervical cancer and the number is growing rapidly. 80% of cervical cancer cases can be basically prevented by regular screening. Sharon Blady, the minister of health, was present at the Health Science Centre, where various testing methods for cervical cancer were addressed and demonstrated. According to the CervixCheck program, every sexually active women should receive a pap test once every three years, right from the age of 21.

Pap Smear Test Sector to Expand at 6.0% CAGR till 2020

The global cervical cancer diagnostic tests market was valued at US$5.9 bn in 2013 and is expected to reach US$8.9 bn by 2020. The increasing number of cancer patients is expected to propel the global cervical cancer diagnostic tests market at a 6.10% CAGR during the period from 2013 to 2020.

The global cervical cancer diagnostic tests market is segmented on the basis of the type of tests performed and geography. By the type of test, the global cervical cancer diagnostic tests market is classified into HPV testing, pap smear tests, colposcopy, and endocervical curettage procedure. In 2013, the HPV testing sector dominated the global cervical cancer diagnostic tests market. The increasing incidence of HPV infection and increasing number of people who smoke is expected to drive the HPV testing sector during the forecast period. The pap smear test sector is predicted to expand at a 6.0% CAGR till 2020 due to the possibility of early detection of cell abnormalities through this test. Demand for other types of tests such as LEEP and ECC is also expected to increase steadily.

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North America to Account for Highest Global Market Share

By geography, the global cervical cancer diagnostic tests market is classified into North America, Asia Pacific, Europe, and Rest of the World. In 2013, the global cervical cancer diagnostic tests market was led by the North America regional cervical cancer diagnostic tests market. The Asia Pacific regional segment is predicted to register the highest market share by the end of the forecast period due to factors such as easy market penetration, low labor costs, and tax benefits. Some of the prominent players in the global cervical cancer diagnostic tests market are Becton, Hologic, Inc., Guided Therapeutics, Abbott Laboratories, Dickinson and Company, Guided Therapeutics, OncoHealth Corp., Roche Diagnostics, Zilico Ltd., Quest Diagnostics, Inc., and QIAGEN.

Global Active Pharmaceutical Ingredient (API) Market Struggling to Overcome Patent Expiry of Leading Drugs

An active pharmaceutical ingredient(API) is a substance or substance combination in a drug that is biologically active. It is the central ingredient that has a direct effect on the prevention or cure of a disease. While APIs form the active component present in a drug, excipients are the inactive ones.

According to a report by Transparency Market Research, the global market for active pharmaceutical ingredients is anticipated to grow from a value of US$119.7 bn in 2013 to US$185.9 bn in 2020, registering a modest 6.50% CAGR from 2014 to 2020. Even though the overall pharmaceutical industry has been severely hit by the patent expiry of blockbuster drugs over the past few years, the market for active pharmaceutical ingredients is fueled by the need for low-cost substitutes and growing presence of generic medicine manufacturers in emerging economies.

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While the increase in abbreviated new drug applications (ANDA) and in drug master file (DMF) filing from Indian companies has boosted the demand for active pharmaceutical ingredients in the recent past, strict European Union and USFDA regulatory policies have been restraining the growth of the market.

Several API Manufacturers in India under FDA Scanner

Over the past couple of months, a number of Indian active pharmaceutical ingredient manufacturers have come under fire. While some have been issued warning letters by the U.S. Food and Drug Administration (FDA), others have been banned from sending products to the U.S.

This month, leading Indian pharmaceutical company Dr Reddy’s Laboratories received a warning letter from the FDA over quality issues at three of its facilities manufacturing oncology medicines and pharmaceutical raw material. Concerns over inadequate quality control measures were raised regarding two active pharmaceutical ingredient factories, one in Telangana and another in Andhra Pradesh.

Last month, the Nashik, Maharashtra site of Indian API manufacturer Megafine Pharma was banned from sending products to the U.S., citing manipulation of lab tests and unrecorded and unjustified deviations from written lab mechanisms. The site produces 24 active pharmaceutical ingredients for the U.S. market, including drugs for the treatment of depression, Alzheimer’s disease, multiple sclerosis, schizophrenia, and overactive bladders.

Using Marijuana as Active Pharmaceutical Ingredient to Treat Head Injuries

Biopharmaceutical company Kannalife Sciences Inc. based in Huntington, New York made news last year after announcing an R&D plan to study the use of cannabinoid therapeutics to treat chronic traumatic encephalopathy (CTE), a regenerative disease that affects people who have suffered repeated head injuries. The company has been working on a feasibility study for a product that it hopes would treat concussions with the help of marijuana as an active pharmaceutical ingredient.

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It was only recently announced that Bennet Omalu would be joining the scientific advisory board of Kannalife Sciences and will be involved in overlooking the clinical tracking protocols for the study. It was Omalu who conducted the autopsy on a former NFL player, which led to the discovery of CTE.