Wednesday, 4 May 2016

Global IT Asset Disposition Market to be driven by Environmental Concerns and Increasing Partnerships among Key Players

Rapid advancements in technology have led to the reduction of the lifecycle of IT equipment. With handheld mobile devices such as smartphones, tablets, and laptops being constantly upgraded with new features, the older versions of these devices are discarded by consumers. The generation of a large amount of discarded IT assets need safe disposal to have minimum impact on environment as dumping these discarded IT assets in landfills would have hazardous effects on land and water. The global IT asset disposition (ITAD) market is expected to expand at a CAGR of 7.1% during the period between 2016 and 2024. The overall market was worth US$9.89 bn in 2015 and is projected to stand at a valuation of 18.18 bn by 2024.

Mobile devices, computers/laptops, storages, peripherals, and servers are the key types of assets in the global IT disposition market. Computers and laptops form the major chunk of IT equipment that are recycled and refurbished. The global manufacturers of IT assets such as Apple Inc., Huawei, Microsoft, HP, and Amazon have detailed protocols for recycling their products. A number of vendors in the IT asset disposition market have entered into partnerships with these companies to expand their presence. The introduction of automation in IT asset disposition has helped service providers to keep a tab on every asset in an organization and plan strategies for asset disposition.

Mergers & Acquisitions to Dominate Global IT Asset Disposition Market

Some of the key players in the global IT asset disposition market are ITRenew Inc., TBS Industries, CloudBlue Technologies Inc., Arrow Electronics Inc., Sims Recycling Ltd., Dataserv Group, Iron Mountain Incorporated, Apto Solutions Inc., LifeSpan International Inc., TES-AMM Pte Ltd., Dell Inc., and Hewlett Packard Enterprise Development LP. A number of key players focussed on mergers and acquisitions after the market rebounded post global financial crisis in 2008. The two-year period after the financial crisis witnessed closure of several e-waste recycling facilities. These mergers and acquisition deals witnessed some of outside firms showing interest in getting into ITAD services.

In the recent times, the merger and acquisition activities in the global ITAD market have slowed down sharply due to the weakness in commodity market. The dip in prices of recovered metals has made electronic recycling process unprofitable for many facilities across the globe. However, the future of the ITAD market appears bright with a number of financial firms showing interest to invest in companies offering ITAD services. Further, there have been some recent acquisition deals that provide growth opportunities for the market. For example, Dataserv Group has been acquired by TES-AMM. Last year, in order to strengthen its core operations, Sage SE announced the acquisition of Hugo Neu Recycling.

Monday, 2 May 2016

Dental Diseases among Baby Boomers and Technological Development of Dental Equipment to Aid Growth of Global Dental Equipment Market

The growing awareness of dental hygiene and increasing dental complications have led to the growth of the global dental equipment market. Dental equipment is an integral part of dental diagnostics. The speedy technological innovations and numerous treatment technologies have created strong groundwork for the growth of this market. According to research analysts at Transparency Market Research, the global dental equipment market is expected to reach US$7.6 bn by 2018 from US$5.5 bn in 2011, rising at a CAGR of 4.7% from 2012 to 2018.

The global dental equipment market is segmented on the basis of product type and geography. The types of products in the overall dental equipment market are: Dental radiology equipment, systems and parts, laboratory machines, hygiene maintenance devices, and other equipment. Geographically, this market is segmented into North America, Europe, Asia, and Rest of the World.

Systems and Parts to Spearhead Growth of Overall Market

The research report published by Transparency Market Research suggests that the systems and parts segment has held a leading position in the overall dental equipment market in 2011 due to a wide range of applications and a huge array of products. The dental radiology equipment segment followed the aforementioned segment to stand as the second-largest segment in 2011.

Minimally Invasive Procedures Propel Use of Dental Lasers

The research report also showed that though the dental lasers segment held a relatively small share in the global dental equipment market in 2011, this segment is expected to grow at a rapid pace in the coming years. According to research analysts, the growing adoption of dental lasers in minimally invasive surgical procedures will propel this segment to grow at an accelerated pace.

Baby Boomers Drive Global Dental Equipment Market

Furthermore, the incidence of the periodontal disease has reached an all-time high with 75% of the population in the United States suffering from gum diseases and periodontitis. Of these, the cases that delay medical intervention require implants and other restorative surgeries. Furthermore, Baby Boomers are prone to risks such as loss of teeth due to age and damage over the years. This demographic segment is also the one with relatively larger disposable incomes. With about 76.4 bn Baby Boomers in the United States, the country will remain at the forefront of the global dental equipment market.

Medical Tourism to Have a Deep Impact on Dynamics of Overall Market

As the cost of dental surgeries is exorbitant in the countries such as the United Kingdom and the United States, they are expected to witness a decline in the demand for implant surgeries in the foreseeable future. This dynamic has forced several patients to travel to countries where dental surgeries are cheaper yet of high quality. Owing to these reasons, the Asia Pacific region is likely to grow at a stupendous pace. Consequently, the demand for implants and other dental equipment in this region will be propelled by countries such as China, Malaysia, and India.

Browse Research Release:

Some of the top players operating in the global dental equipment market are CareStream HealthGC Corporation, Henry Schein Inc., Danaher Corporation, Dentsply International Inc., Sirona Dental Systems, Planmeca Oy, Sirona Dental Systems, Biolase Inc., Ivoclar Vivadent AG, and A-dec Inc.

Increasing Proliferation of Next Generation Automated Blood Processing Devices to Propel Blood Processing and Consumables Market

The increasing incidence of infectious diseases and infections spreading via blood donation route is a key challenge for the blood industry. Spread of diseases such as hepatitis and acquired immunodeficiency syndrome (AIDS) through blood donation are amongst the primary concerns threatening blood supply globally. The global blood processing devices & consumables market is experiencing growth owing to the increasing initiatives taken by government and the rising count of surgical procedures.  The market is also supported by the favorable reimbursement policies introduced worldwide and the rising automation of devices in blood processing.

The traditionally-utilized manual methods for blood processing came with a number of challenges and made it difficult to maintain data regarding product and process control, regulatory requirements, recording and tracking, and staffing issues. Hence, automated devices such as whole blood collection devices and automated cell processors are currently holding the largest share in the market. The methods of manual blood processing and collection have been struggling to pace up in sales volume and demand. Automated blood collection and processing devices enhance the operational efficiency and save time due to which these devices are witnessing high demand. 

TMR, a market intelligence company throws light on the recently introduced automated blood processing devices. These next generation systems provide faster, better, and more advanced methods of blood processing. The key features of these systems are as follows:
  • Newly launched systems utilize centrifuge for the separation of whole blood into its components including plasma, red blood cells, and platelets and utilize touch screen graphical interface for the ease of operation.
  • These cutting-edge systems are able to reduce the total number of steps needed for the processing of whole blood. In addition, the number of standard operating procedures, the hands-on time needed, and the amount of equipment can also be reduced by deploying these systems.
  • These systems are able to define multiple platelet products with customized concentration, volume or yield for each of the platelet 
  • They are high quality and consistent components owing to their enhanced process control unlike the traditional manual processing systems
  • They are capable of processing four units of whole blood within a single run
  • These systems automate the process of volume reduction of blood and present consistent coat concentration volumes
  • They also permit simultaneous processing on a number of cord blood units in a single centrifuge
  • These systems deliver precision hence, improving both product quality and product output 
Browse Research Release: 
However, despite experiencing an overall rise in demand, blood processing devices are not gaining traction in healthcare centers and clinics located within the underdeveloped economies. To overcome this challenge, a number of top manufacturers are looking forward to penetrate into these remote areas. Furthermore, the advancement in cell therapies may also benefit both manufacturers and consumers within the blood processing devices 

Global Footwear Market to Gain Impetus from Rising Demand in Developing Countries

The global footwear industry has seen wide transformation in the past few years, thanks to the changing consumer dynamics (in terms of age and spending power), the rapidly changing retail industry, the expanding products-base of therapeutic footwear, and entry of international players in remote regional markets. The influence of social media marketing strategies and e-Commerce sales channels is also bringing a substantial change in the way the global footwear industry operated.

In a recent market research report examining the global footwear market, Transparency Market Research states that the market will expand at a meagre 2.5% CAGR in terms of revenue and 2.3% CAGR in terms of units of products sold over 2015-2023. The sluggish growth prospects for the market make evident that market vendors will have to pay more attention on key trends and modify accordingly to stay ahead of competition.

Mentioned below are some of the major trends seen in the present-day footwear market that will have significant influence on the growth prospects of the market:

Emerging Markets Exhibiting Most Lucrative Growth Opportunities

Spending on footwear reduced substantially during the recent recession in developed regions such as North America and Europe. Though the market witnessed a steady recovery in the post-recession period, much of the market’s growth was seen in developing counties such as India, China, and other Asian countries. The trend is expected to persist over the next many years and will strengthen economies.  Rising GDPs, flourishing industrial segments, and the rising commercialization of products grant the consumer in developing regions more purchasing power, which subsequently fuels demand from the footwear market in the region.

It is projected that a dominant share of consumer spending on footwear will be seen in emerging markets. Only the companies who prepare themselves and modify their product offerings according to the choices of this new consumer-base will be able to sustain in the market in future years.

E-Commerce Retail Segment is strengthening

The convenience of buying and payment, the availability of a vast array of product choices, and the attractive discounts offered by the e-Commerce retail industry have jeopardized the traditional brick-and-mortar retail industry in the past few years. Though the e-Commerce industry is projected to witness strong growth over the future years, the experience of shopping for a perfect, comfortable pair of footwear by actually trying it will bring back the consumer to traditional stores. Nevertheless, the heightened popularity of the e-Commerce segment will continue to have a significant influence on the retail industry. Thus, in addition to traditional outlets, having presence in the online space will help companies in benefitting the online trend and extending marketing and consumer retention plans.

Consumers are Prioritizing on Making Sustainable Purchases 

Consumers around the world are becoming increasingly aware of the need to switch to renewable resources to tackle the vast environmental damage and the severe climate changes triggered by several industrial and human activities. Thus consumers are prioritizing on making sustainable purchases, a trend that will prompt manufacturers in implementing environment-friendly, transparent, and better manufacturing practices in the near future.

Personal Care Packaging Market Driven by Rising Demand from Asia Pacific

Personal care packaging products are the various materials used to package and market personal care products. As such, the global personal care packaging market is entirely reliant on the personal care products market for strong sales. Fortunately for the former, the latter has shown no signs of disappointing.

The global personal care products market has grown by leaps and bounds in the last few years, with skin care and hair care products, in particular, receiving sizable demand. The steady demand from developed countries has helped the global personal care packaging market, but the rising demand from emerging regions such as Asia Pacific, the Middle East, and Latin America is expected to play a larger role in the personal care packaging market’s development in the coming years.

Asia Pacific Personal Care Packaging Market Set to Reach US$14.3 bn by 2020

Due to the rapid spread of urban infrastructure and industrialization in major countries such as China and India, the Asia Pacific market has dominated the global personal care packaging market in the last decade. The increasing purchasing power of consumers in this region, aided by the bounding GDP of dynamic countries, has also helped this regional market for personal care packaging massively.

The improving living standards of the population in this region have also helped the personal care packaging market, as people have become more aware about the adverse effects of pollution on their appearance and are accordingly taking steps to combat them. The high levels of pollution in major cities across Asia Pacific have thus been beneficial for the APAC personal care packaging market. Skin and hair care products, in particular, are expected to enjoy rising demand.

Global Personal Care Packaging Market to Retain Fragmented Competitive Landscapes

The competitive landscape of the global personal care packaging market is fragmented to a high degree, with companies such as Saint Gobain, Amcor Ltd., Mondi, and Bemic Company, Inc. establishing a relatively strong foothold. However, high demand for local products is expected to remain a feature of the global personal care packaging market in the years to come.

China’s Private Hospitals Industry Spearheaded by Ophthalmology and Dentistry

China is among the most dynamic economies in the world and houses the world’s largest population. Naturally, urbanization is underway on a grand scale in China, benefitting the industries responsible for providing the infrastructure required in urban settings. The private hospitals industry has been a major beneficiary of this and is rising rapidly due to the rising demand from China’s urban centers. There were 12,500 private hospitals in China in 2014, after the industry rose at a rousing 16% CAGR from 2005 to 2014. The number of private hospitals in China is set to rise further, thanks to the proposal of supportive economic reforms and steady government support.

Ophthalmology Emerges as Major Industry Segment

China’s ophthalmology services sector has traditionally been concentrated in general hospitals. While this is still the case, the number of private hospitals specializing in ophthalmology services is increasing. Ophthalmology services were worth RMB54 bn in 2014, after exhibiting a stunning 19% CAGR from 2005 to 2014. The increasing demand for cataract surgeries has been a major driver boosting the demand for eye specialty private hospitals. More than that, though, it is China’s massive patient pool of myopia that’s expected to be the major determinant factor in the China private hospitals industry’s growth in the coming years.

Dentistry has also benefitted significantly from the expansion of China’s private hospitals industry. Thanks to the increasing awareness about dental and oral diseases among China’s growing urban population, the China dentistry specialty private hospitals industry is expected to exhibit a steady growth rate in the coming years. The dentistry industry exhibited a robust 16% CAGR from 2005 to 2014.

Major Players Aim for Expansion

The top players in the field of both ophthalmology and dentistry are aiming to achieve significant expansion in the coming years, with ophthalmology giant Aier committed to reach 200 hospitals by 2017, which would represent a 100% growth over its current number of 100, and dentistry giant Topchoice aiming to go beyond its dominance in the regional Zhejiang market and dominate the national market in the ongoing decade.

Limited Freshwater Resources to Ensure Rise of Global Water Recycle and Reuse Market

Water recycling refers to the method of utilizing treated wastewater for various purposes such as industrial processing, agriculture and landscape irrigation, and toilet flushing. The global supply of fresh water is limited and is threatened by pollution. The rising demand for water from agricultural and industrial sectors and cities is creating bottlenecks in the efficient allocation of the limited fresh water resources.

Water recycling and reuse has emerged as an effective and reliable source of water supply. Thus, non-potable reuse has become a widespread practice and is anticipated to continue to grow in the coming years. Non-potable water sources include reclaimed/recycled water, rainwater, and gray water. Despite non-potable water not being considered appropriate for human consumption, it can be put to use in a myriad of applications.

The global market for water recycle and reuse is witnessing lucrative opportunities around the world. Additionally, the market is also gaining from the several projects invested on in the last two decades. 

The most prominent projects of water reuse in the agricultural sector include:

Monterey, California: A scheme to use a substantial portion of the recycled water from Monterey and adjoining towns to irrigate 5000 ha of agricultural land in Lower Salinas Valley has been constructed by the Monterey Regional Water Pollution Control Agency.

Mexico City: Mexico has set a precedent in using recycled water. 90% of the wastewater from Mexico City is used for irrigation in the Valley of Mexico. Moreover, the wastewater obtained also caters to the irrigation requirements in the adjoining Mezquital Valley. This region witnesses scanty rainfall throughout the year. The wastewater is used to irrigate an area of about 90,000 ha.

Dan Region, Israel: The total water requirement in Israel exceeds the available water resources. To help mitigate this persistent problem, the country extensively depends on recycled water for agricultural purposes. The wastewater collected from Tel Aviv is treated and then subverted into an aquifer for further treatment. The water obtained from recovery wells is then pumped through the Dan region pipeline to cater to the agricultural needs in the Negev Desert and Dan region.

A few of the most popular water treatment projects for urban reuse are:

St Petersburg, Florida: The city of St Petersburg in Florida has an extensive urban water reuse scheme, which has been in use since 1977. The scheme now supplies recycled water to more than 10,000 properties, including 9,300 residential complexes.

Irvine Ranch, California: The construction of a dual recycled water scheme called the Irvine Ranch Water District commenced in 1977. The recycled water obtained from this scheme is extensively used for landscape irrigation including food crops, gardens, car washes, ornamental lakes, and industrial mills.

South Bay, California: In the Silicon Valley of California, the San Clara County and San Jose authorities are given directives to limit freshwater discharge to the south end of San Francisco Bay to 450,000 m3/d with an aim of reducing environmental damage. Instead of constructing ocean outfall, the authorities have built the South Bay Water Recycling Scheme to provide recycled water for agricultural, urban, and industrial reuse.

Apart from the aforementioned schemes, governments around the world are proactively investing on the construction of new projects to provide efficient solutions to drought-ridden regions. The construction of new schemes will also aid in curbing the rising carbon footprint. Owing to these intrinsic benefits of water recycle and reuse, their demand is poised to surge exponentially in the forthcoming years.