Increasing Popularity of Minimally Invasive Therapies to Enhance Growth of Global Anti-aging Market, finds TMR

Anti-aging products have been popular amongst the masses since the beginning of civilization. Ancient Indians applied sandalwood to cleanse, moisturize and prevent wrinkles, while Egyptians dabbed anti-aging lotions made from fenugreek. Today, people can choose from numerous natural, synthetic, chemical based products, or even surgical treatments.

The global anti-aging market is expected to grow at a steady pace, as age spots, wrinkles, dry skin, dark circles under the eyes, and pigmentation issues continue to vex consumers across the globe. A host of products have been flooding the markets, right from hair colors to devices for anti-cellulite treatment that claim a guaranteed youthful appearance. Thanks to the robust technological advancements that have generated a plethora of anti-aging devices and services, the contemporary anti-aging market has been fervently displaying increasing demand for these products and services. The market for these products is slated to reach US$191,764.6 mn by 2019, finds Transparency Market Research (TMR).

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Q.  Which factors have been influencing the increased adoption of these devices and services?

An upsurge in the aging population worldwide has been boosting the demand for anti-aging products. The U.S. Census Bureau found that in 2011, the population in the U.S. was 181.6mn, and will soar to reach 244.7mn by the end of 2018.  However, a portion of the middle aged and young population have also been showing signs of aging owing to lifestyle issues such as obesity and mental health problems such as anxiety and stress. The disposable incomes of people have been rising rapidly, enabling them to have access to these products. Moreover, stringent implementation of regulations helped numerous companies to embark upon fruitful R&D activities that paid off well, giving birth to new, more efficient, safer products. 

Q. What are key trends and opportunities in the global market for anti-aging market?

As the anti-aging services and products are quite efficient at erasing age-signs, emerging economies such as Japan, Brazil, South Korea, and India will present considerable opportunities. Minimally invasive treatments made possible through latest technology will also present significant opportunities, due to increasing concerns about safety and efficiency. Some of these are services such as anti-pigmentation therapy, liposuction therapy, and sclerotherapy are expected to be some of the most preferred therapies in Asia Pacific.

Q. Which regions present significant opportunities for the global anti-aging market?

In terms of revenue, North America has been the leading market. Increasing awareness about aging signs among the youth, high prevalence of obesity, sedentary lifestyles of people, and rising geriatric population have been driving the growth of this market. 

The obsession with young, beautiful skin, and awareness about the availability of anti-aging services and products is driving the demand for these devices in the emerging economies of Asia Pacific. The Asia Pacific market is slated to attain a revenue worth USD 10,080.5 mn by 2019. 

Rising Awareness to Drive Short Bowel Syndrome (SBS) Market

A non-functional small intestine can result in malabsorption and this disorder is referred to as short bowel syndrome (SBS). The principal symptom is diarrhea, which can lead to dehydration, malnutrition, and weight loss. This disorder can either be inherited or acquired; the latter condition is primarily observed in patients with nearly half the small intestine removed due to an underlying disease condition. Favorable reimbursements offered by governments account for one of the key driving factors of the market, especially in regions such as North America. 

As per the report by Transparency Market Research, the global short bowel syndrome market is expected to grow at a CAGR of 30.4% to reach a valuation of US$2.6 bn by the end of 2024, as compared to US$312.7 mn in 2016. The percentage of diagnosis has been comparatively low for short bowel syndrome due to the rarity of this disease. In addition, approved drugs for SBS are not easily available across the globe, which has resulted in a significant pool of unmet clinical needs. 

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What makes North America the undisputed leader in the global SBS market?

The exclusivity of Gattex – a GLP-2 drug in the U.S. is projected to contribute to the rising revenue of the global as well as U.S. market.  Among North America, Europe, and Rest of the World, the North American region is expected to dominate the market in the coming years as well. The main factor driving this market is the increasing prescription of Gattex therapy in the said region. Plus, considering the fact that growth hormones and glutamine are only permitted in the U.S. for treating SBS, North America will continue to be in the lead. Favorable reimbursement strategies and rising responsiveness about short bowel syndrome amongst consumers are fuelling the market in this region. 

The uncommonness of the disease and the need to spread awareness has resulted in healthcare organizations such as the National Organization for Rare Disorders (NORD) and its member organizations come together to fight the disease and raise awareness about the condition. Some of the member organizations of NORD are the Association of Gastrointestinal Motility Disorders, Inc., the SBS Cure Project, the Oley Foundation, and the Short Bowel Syndrome Foundation, Inc. 

Gattex Drugs - a curse or a boon?

The major obstacle for the market of global short bowel syndrome is the side effects of consuming the approved and prescribed drugs for this condition, which can result in numerous health complications. The extensively used drugs such as Gattex or Revestive can cause cold, nausea, flu, abdominal pain, and headache. Blockage of the bowel, abnormal cell growth resulting in cancer, polyps in the colon, and inflammation or blockage of the gallbladder or pancreas are other related complications arising from these medicines. This conundrum has experts in the industry wonder whether drugs such as Gattex are actually beneficial or harmful for patients.

Unavailability of approved drugs and high mortality rate associated with SBS, especially in developing economies, are few other factors limiting the growth of the market. 

Global Collaborative Robot Market Gaining from Prosperity of Automotive, Electronics, and Food and Beverage Industry

Collaboration is defined as an action of working with someone in order to produce or create something. Collaborative robots are machines that serve the manual job consistently, efficiently, and accurately. As per the International standards ISO 10218, there are typically four types of collaborative features of robots: safety monitored, hand guiding, speed and separation monitoring, and power and force limiting. With the rising population, several industries are in need to increase their production capacity and consequently, the demand in the global collaborative robots is increasing. According to a recent report by Transparency Market Research, the global market for collaborative robots had an opportunity worth US$10.3 bn in 2015, and rising at a robust CAGR of 30.0% during the forecast period of 2016 to 2024, the valuation is estimated to reach US$95.0 bn by the end of 2024.

Which segments of global collaborative robots markets are most lucrative?
Several industries require collaborative robots, such as electronics, automotive, metal and machining, plastic and polymers, food and beverages, furniture and equipment, and pharma and chemistry. Out of these, flourishing automotive sector is currently serving the maximum demand, followed by metal and machining, and food and beverages. In addition to incremented production, manufacturing companies now have taken a note of safety benefits brought in by the collaborative robots, and hence the report expects the growth rate of the market to remain significant over the course of next few years. 

In terms of application, the report segments the global collaborative market into packaging, material handling, quality testing, assembly, machine tending, and welding. Among these, although anticipated to experience a slight slump, the report expects the segment of material handling to remain most lucrative, accounting for 23.8% of the global market by the end of 2024.

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Which factors are influencing the growth rate of the market?
The demand to increase production capacity in an error-free manner is prompting manufacturers to shift towards innovative approaches with the help of collaborative robots. In the recent times, technological advancements have led to various sizes of collaborative robots, which now allows automation companies to choose from an extended range of products. Moreover, the ability of collaborative robots to work in tandem with human is another factor favoring the uptake. The report expects the prosperity of several industries such as food and beverage, packaging, and automotive to reflect positively on the global collaborative robot market.

What is the nature of the competition in the market?
The global market for collaborative robot is marked by the presence of a few global players along with several local and regional players. Major players such as ABB Ltd., Kawasaki Heavy Industries, Ltd., Kuka AG, and Robert Bosch GmbH are expected to acquire smaller players during the course of the forecast period to extend their regional outreach.

Low Emissions and Superior Performance of Hybrid Vehicles Leads to Increased Adoption

Electric hybrid vehicles have long been regarded as the future of the auto industry. By combining a gasoline-powered combustion engine and an electric battery drive system, these energy-efficient vehicles help to lower emissions and is reducing the dependence on conventional fuels. The aforementioned factors along with the superior performance of hybrid vehicles is leading to the steadfast growth of the global hybrid vehicles market.

The global hybrid vehicles market is expected to be valued at US$193.29 bn by 2024 increasing from US$75.52 bn in 2015 at a CAGR of 10.3% between 2016 and 2024, finds a market study by Transparency Market Research (TMR). 

In this blog spot, TMR analysts present some key aspects of the global hybrid vehicles market that have been observed in the present-day scenario:

Q. How are mechanical and functional capabilities of hybrid vehicles advantageous to the growth of this market?

A. The demand for hybrid vehicles is rising against the backdrop of increasing environmental concerns of conventional vehicles. The alarming rise in air pollution and its implications on human health and the environment has forced governments and consumers to opt for alternate vehicles.  

The mechanical configuration of hybrid vehicles gives them an edge over their conventional counterparts. Hybrid vehicles function without separate engines and alternators and usually comprise multiple motor or generators that are combined for starting internal combustion engine. This arrangement of motor or generators delivers a better performance as compared to what is delivered by conventional vehicles. 

Q. What are the factors holding back the market’s growth?

A. Though the demand for hybrid vehicles is on the rise, the growth of this market is slowed due to certain factors. While the market extends huge growth opportunity for new players, huge capital and skilled resources required for setting up and functioning of hybrid vehicles’ manufacturing units is challenging small and medium sized companies to enter into this market.

The high cost involved in the research and development of hybrid vehicles is being percolated to the selling price, thereby discouraging several end users from purchasing these vehicles. Furthermore, end users are also skeptical regarding the usage of hybrid vehicles which is likely to hamper the market’s growth.

Q. How are regional markets for hybrid vehicles expected to fare in terms of growth?

A. Asia Pacific is anticipated to lead the pack among all other regional markets for hybrid vehicles. The booming automotive industry in this region coupled with the increasing investments by foreign companies in emerging economies will fuel the growth of this regional market. Moreover, the rising disposable incomes, changing lifestyles, and rising awareness about the advantages of hybrid vehicles in emerging economies such as China and India is having a positive impact on this regional market.

The rising private equity investments and mergers and acquisitions of automotive companies has benefited the growth of the global hybrid vehicles market.

Relentless Research on Materials, Imaging Technology, and Techniques Enhances Success of Dental Implants

A growing body of evidence from recent studies and various clinical experiences over the past years have shown that dental implants are a viable, safe, and convenient method to replace missing teeth. The use of dental implants to provide support for replaced teeth in cases of tooth decay and loss has had a multifaceted history. One the most seminal developments in dental implantation has been the use of titanium as a dental implant in 1965 for a patient by a process commonly known as osseointegration. Owing to being versatile, highly resistant to cracks, light weight, and offering dentists a variety of surgical placement options, titanium dental implants have gained immense popularity. 

Transparency Market Research (TMR) projects that over the next few years, the unique benefits of titanium alloys will provide the boost needed to spur the demand of dental implants. Titanium implants have become mainstream alternatives to many conventional removable and fixed dental prostheses.

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What drives the demand for dental implants?

Ceaseless research focusing on advanced materials, better imaging technology, and convenient techniques enhance the success of dental implants. These materials and techniques strengthen the anchorage, allow easier placement of teeth, and faster dental restoration. Rising geriatric population with tooth decay and the increasing cases of people with plaques and cavities are the primary end users of dental implant procedures. In addition, the increasing cases of tooth loss due to traumatic injuries has propelled the demand for dental implants to restore the natural functioning of teeth.  

The recent inroad that dental implantation has made into cosmetic dentistry has turned the dental implants market around. Furthermore, the advent of modern diagnostic imaging systems and the wide implementation of digital systems, particularly the use of CAD/CAM software, in cosmetic dentistry is expected to have a profound impact on dental implants. Recent clinical studies also focus on developing dental implantation techniques that ensure less number of follow-up treatments, thereby motivating patients to undergo the procedures.

How will technological advancements in dentistry impact the demand for dental implants? 

Several technological advancements made in the past few years constantly shape the dental implant market dynamics. Cone beam computer tomography (CBCT), also called 3D cone beam imaging technology, is rapidly emerging as a transformative technology for a wide spectrum of dental implant procedure needs. Driven by the demand for a more advanced diagnostic and treatment plan in dentistry in general and dental implantation in particular, the application of 3D imaging modality has made a quantum leap. The technology is increasingly being preferred to conventional tomography systems for a host of benefits clinicians and patients have with this system: limited exposure to radiation, small field of view to capture data, and three-dimensional visualization of the desired anatomy; eventually the technology enhances the success rate of the implants. Led by the broad acceptance of 3D technology in dental implant procedures, the technology is considered as a standard of care in practical dentistry. 

Another technology that is making a significant impact on dental implant component fabrication is the application of computer-aided design and computer-aided manufacturing (CAD/CAM) technology in implant prosthodontics. Over the coming years, with increasing awareness of the simpler fabrication of the CAD protocol and its high precision, the technology is expected to gain wide acceptance amongst patients and dental professionals alike.

What does the future hold for the dental implants market? 

The adoption of various dental implantation procedures may be restricted in some regions due to high cost of the technology involved. In addition, the limited insurance coverage for dental implant procedures in some countries acts as a dampener for the demand for such procedures. 

However, with increased awareness to avail better quality treatments in dental implants, especially in emerging economies, the demand for modern techniques and advanced implant materials is expected to rise. New technology breakthroughs in implant dentistry are expected to offer unmatched levels of effectiveness, convenience, and affordability to patients. As a result, in the coming few years, the dynamics of dental implants market will be altered as never before. 

China NEV Taxi Market to Help Boost China’s Energy Independence and Control Intense Oil Consumption

The China new energy vehicle (NEV) taxi market is foreseen to ride on the aggressive response to company owned type of NEV taxis for its extensive success. The operation and maintenance of NEV taxis are mostly handled by taxicab companies, although a majority of them are owned by the state. The short range NEV taxis gained a lot of traction in the past due to the large demand from frequent local commuters. However, a sizable share in the Chinese market is expected to be acquired by the long range NEV taxi segment on the back of valuable developments in battery technology.

A report by leading research firm, Transparency Market Research (TMR), predicts the China NEV taxi market to attain the revenue figure of approximately US$0.56 bn by 2020. In 2016, the market had raised a revenue of US$0.15 bn. By the end of 2020, the number of taxis in China could take some hike due to the decreasing lifecycle of traditional fuel based taxis.

Will Government Support to Promote Energy Savings and Green Vehicles Heighten Demand?

The Chinese government is looking to make available a least of five million electric cars on the streets by 2020 and likewise promote NEVs to address the rising environmental concerns. Of these, increasing energy demands, elevating greenhouse gas emissions, and speedily exhausting natural resources and fossil fuels have taken precedence. In this regard, the government has also introduced a number of effective NEV subsidies.

The China NEV taxi market could also gain impetus from the ability of NEVs to slim down carbon dioxide emissions by a whopping 40.0%, which is a tough competition to internal combustion engine vehicles (ICEVs).

China is one of the largest net importers of oil and the demand is continuing to increase as the Chinese streets get overcrowded with vehicles due to rapid urbanization. Moreover, the global oil prices are anticipated to augment considerably, which could create significant oil supply fluctuations in China. However, with NEVs, China can sustain their independence and also keep their rising oil and gasoline consumption at check.

The advancement in technology, especially pertaining to charging models and batteries, has put NEVs in a position where they are becoming practicable in select mass market applications.

Is Lack of Full-scale Charging Infrastructure an Exposure to Market Risk?

The growth of the China NEV taxi market could be hindered due to the uneven and limited distribution of charging stations, although there have been advancements witnessed in vehicle electrification. Besides this, the market could suffer from the cost of NEVs and their batteries and issues related to reliability and safety.

Howbeit, some of the crucial opportunities are envisaged to take birth from the paradigm shift from ICEVs to NEVs, which has offered a vital upgradation not only in terms of business models but also sustainable electric mobility. Moreover, the rear and bottom battery swap models have eliminated the problem of going out of battery during unexpected times. A fully charged battery can be installed only within 10 minutes with the help of battery packs reserved within the vehicle body. Not to forget, reliable chances of growth for the China NEV taxi market are envisioned to be provided by the use of range-extended electric vehicles (REEVs) and vehicle-to-grid (V2G) technology.

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Prominent players such as Anhui Jianghuai Automobile Co. Ltd. (JAC), Beijing Automotive Industry Holding Co. Ltd. (BAIC), Dongfeng Nissan Passenger Vehicle Company, Beiqi Foton Motor Co. Ltd., BYD Auto Co. Ltd., and Changan Automobile Co. Ltd. are foreseen to exhibit dominance that is worthy of attention.

Burgeoning Demand for Minimally Invasive Procedures Owing to Increasing Incidence of Chronic Diseases to Boost Adoption of Ablation Technologies

The growing prevalence of chronic diseases such as cancer and cardiovascular diseases is triggering the demand for treatment procedures, which are minimally invasive. The World Health Organization (WHO) states that about 32 million people around the world are suffering from some form of cancer, causing 8 million deaths. This is augmenting the global abolition technologies market. The increasing number of hospitals and ablation centers are also working in favor of the growth of the market. The growth of the global market is further driven by the presence of conducive reimbursement scenario in industrialized countries.

However, the lack of favorable reimbursement scenario in developing countries is prompting end users to reuse and reprocess devices, which in turn is negatively impacting the overall revenue generation of the market. According to Transparency Market Research (TMR), the global ablation technologies market is poised to reach a valuation of US$10.6 bn by the end of 2020, progressing at a CAGR of 12.10% from 2014 to 2020.

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How are advancements in affiliated technologies escalating the growth of the global ablation technologies market?

Ablation technologies based surgeries are established treatment strategies that are being widely acknowledged due to their minimally invasive nature. With the emergence of next-generation ablation technologies and products, the market is expected to tread along a healthy growth track. In addition, rapid advancements in affiliated technologies to develop high-end products are estimated to provide a significant boost to the growth of the market. For instance, in February 2017, Medtronic, a medical device developer commercialized a 252-electrode vest, which helps doctors in pinpointing the locations of electrical malfunctions in the heart. After mapping these malfunctions, doctors use ablation technologies to destroy the cells, thereby facilitating the growth of the market.

Which are the key regional segments of the global ablation technologies market? 

North America will be the leading regional market for ablation technologies throughout the forecast period, with the U.S. and Canada at the forefront of the growth. The presence of advanced healthcare infrastructure along with the high acceptance of novel technologies is proving to be instrumental in the growth of the region. The rising prevalence of cancer and cardiovascular diseases is also promoting the uptake of the technologies.

Asia Pacific is anticipated to progress at a noteworthy CAGR during the same span. The growth of this region is largely supplemented by the expanding base of patients suffering from chronic diseases such as arthritis, cancer, and cardiovascular disorders. The robust growth of the healthcare sector, rising disposable income, and increasing penetration of advanced technologies are also providing a fillip to the market in the region.

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