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Rising Incidence of Road Accidents Fuel Demand For Orthopedic Biomaterials

The orthopedic biomaterials have garnered $14.2 billion revenue in 2021, and it is projected to rise at the rate of 9.5% from 2021 to 2030, to generate $32.2 billion revenue in 2030. The reconstructive joint replacements category holds the largest industry share, rising at a rate of 9.2% in the near future, to generate $4.02 billion revenue in 2030. It is ascribed to the rising incidence of late-stage and joint damage osteoarthritis.

Patients usually prefer to be treated at hospitals, due to the accessibility of modern therapeutic and diagnostic methods, without admitting to the hospital.

The non-metal category, including polymers and ceramic capture a substantial industry share, of 59.7%, and it is projected to experience faster growth, of 9.9% in the coming years. It is led by growing hard tissue restoration application of ceramics in numerous procedures, and wide usage of polymers as bone cement and load-bearing surfaces in total joint arthroplasties.

Furthermore, an increasing incidence of interbody fusion procedures and spine surgeries will fuel the requirement for non-metallic orthopedic biomaterials in the near future. The increasing usage of pedicle screws and synthetic cages in fixation operations boosts the orthopedic biomaterials industry growth.

These products are increasingly used to propel the allografts’ fusion rate. Moreover, the accessibility of sophisticated traditional biopolymers for various applications, including orthobiologic tissue fixation, and bio-resorabable has fuelled the demand for polymer worldwide.

The orthobiologics category is projected to experience the fastest growth in the coming years, ascribing to the rising number of bone repair, and reconstruction procedures worldwide, which results in the growing prevalence of trauma and obesity.

Around one million people succumb to death worldwide each year due to road accidents. This accounts for 90% of the deaths in low- and middle-income countries.

The surging musculoskeletal problems are projected to fuel the orthopedic biomaterials industry growth. The worldwide major cause of disability is musculoskeletal diseases. Around 20% to 30% of the population suffer from these disabilities.

The major musculoskeletal problems are fractures, ligaments, tendons, swelling, and soreness in the joints that impact mobility. The rising incidence of musculoskeletal disorders is led by the increasing elderly population.

Furthermore, the success rate of implantation is high, according to research. It is the major driver of the rising demand for medical implants. Therefore, improvement in surgical outcomes is projected to worldwide fuel the orthopedic biomaterials industry, in the coming years.

Therefore, the high success rate of surgical implantation propels the demand for biomaterials industry.

“Get Insights into the Orthopedic Biomaterials Market Growth“

Charging Ahead: The Growth of the Electric Vehicle Battery Swapping Market

It is possible to swap the batteries of the electric vehicles without touching steering wheel, with autonomous reverse of electric car into the charging station. This technology is widely used in China.

NIO believes that swapping out the entire battery lure customers who stay worried about electric cars range, or those who don’t like queuing for recharging their vehicles.

NIO’s battery swapping station located at Norway can swap 240 batteries a day, and the company plans to establish 20 more stations in the country. The firm partnered with the energy giant Shell to establish 1000 stations by 2025 across the Europe.

Electric Vehicle Battery Swapping Market

Customers are required to take the monthly subscription of battery swapping, which may have varying cost depending on battery size. The subscription offers another major advantage that, each time you will swap your EV battery, you will get the newest battery technology.

This technology enables automatic replacement of battery underneath the vehicle with full-charged in less than five minutes. It is more efficient and effective than charging the EV batteries.

The EV battery swapping mitigates the degradation of batteries, and always provides a healthy battery as replacement. Thus, it increases the average traction of the EV cars.

Moreover, battery swapping attracts those customers who found it difficult to charge their vehicle or cars at night. There are numerous apartments in the China, where power stations are majorly utilized for recharging the electric cars.

India is prepared for developing the battery swapping and charging infrastructure to boost the traction of electric vehicles on the roads.

Around 700 sites have been identified, including the Golden Quadrilateral Highway, Greenfield Expressways, East-West and North-South Corridors for developing wayside centres equipped with numerous types of EV charging points.

India is aiming to reach the goal of acquiring a net zero carbon emission by 2070. Rising penetration of the EV will provide a great potential to conquer it. Moreover, it is expected that green highways will result in increasing adoption of electric vehicles in India.

Moreover, the rising environmental concerns led by global warming, increasing emissions of CO2 by transportation, results into worldwide growing adoption of the electric vehicles. The EV battery charging may turn out to be tiresome process during heavy traffic requiring to be in queue for longer duration.

This comprehensive report provides insights into the electric vehicle battery swapping market size, growth, segmentation

What Is Fueling Demand for Driving Simulators Globally?

More than 90% of the road accidents globally are caused due to human error. This alarming statistic is propelling the requirement for driving simulators in the transportation and government sectors. In addition, the rising requirement for logistics and shared mobility services is leading to a strong need for trained drivers. A driving simulator offers training to new and existing drivers by providing a virtual environment powered by AR or VR, with the ultimate aim to make road transportation efficient and safe for drivers, passengers, and everybody else on the road.

Within the simulator type segment of the driving simulator market, the compact simulator category held the largest share in the past. This category is also expected to maintain its dominant position in the coming years. It is attributed to the surging utilization of compact driving simulators for training people on various automobiles, such as off-highway vehicles, cars, vans, and buses. This makes the work of transportation and logistics firms and government agencies easier, as just one system fulfills multiple purposes.

Moreover, as per the EU, “In 2019, around 22 800 persons were killed in road accidents in the EU: 44.2 % of the fatalities were passenger car drivers or passengers.” Therefore, autonomous cars are trending in the driving simulator market. Various automotive component manufacturers are investing in the development of the sensors and processors used in autonomous vehicles. Hence, automotive OEMs are using driving simulators for testing the capabilities as well as performance of these components. These systems offer realistic road and weather conditions, which is boosting the development of autonomous vehicles.

Moreover, sales of driving simulators are growing rapidly in the APAC region as well. China, Japan, and India are among the countries with the highest number of automobiles in use. Moreover, as per the WHO, more than 90% of the road fatalities are accounted for by developing countries, which currently characterize the economy of the region. Therefore, there is a strong need for better training to those driving passenger and commercial vehicles, which is essentially set to lead to a high demand for driving simulators.

Therefore, the growing need to ensure more road safety will boost the demand for driving simulators in the coming years..

Discover the latest market trends and projections for the driving simulator industry

Safely Testing the Future of Transportation: The Growth of the Driving Simulator Market

The World Health Organization (WHO) estimates that nearly 1.3 million deaths occur due to road traffic crashes each year. The organization also states that road accidents cause non-fatal injuries among 20–50 million people across the globe every year. As per the WHO, road traffic injuries are the major cause of death among young adults and children aged 5–29 years. Most of these accidents are caused due to human mistakes, owing to which driving simulators are being adopted by the transportation and automotive industry.

Additionally, the booming demand for skilled drivers, on account of the increasing penetration of shared mobility fleet and burgeoning need for logistics services from the e-commerce industry, is expected to steer the driving simulator market growth during the forecast years (2020–2030). Besides, the ongoing research and development (R&D) in advanced driving assistance systems (ADAS) will also augment the global demand for driving simulators. According to P&S Intelligence, the market generated $2 billion revenue in 2020.

Driving simulators, such as advanced simulators, compact simulators, and full-scale simulators, are installed in passenger vehicles as well as commercial vehicles. Presently, automobile manufacturers are preferring compact simulators over other variants due to the increasing number of people undergoing driving training on buses, cars, off-highway vehicles, and vans. In comparison to advanced and full-scale simulators, compact simulators are available at a lower cost. In the coming years, the highest quantity of driving simulators will be deployed in passenger vehicles due to the surging focus of manufacturers and drivers of such vehicles on road safety.

Currently, the driving simulator market is consolidated in nature, with the presence of a few players, such as Tecknotrove Simulator System Pvt. Ltd., Corys TESS, Anthony Best Dynamics Limited, Dallara Group Srl, Cassidian, Transurb, Cruden B.V., OKTAL SYDAC, and SHRail. In recent years, these players have launched new products to gain a competitive edge. For example, Anthony Best Dynamics Limited unveiled a static driving simulator in July 2020. This simulator delivers high levels of driver immersion in an era where driver-in-the-loop (DIL) simulation has become extremely important for the delivery of new automobile models in ever-tighter timescales.

Globally, the North American region was the dominant user of driving simulators in the preceding years, owing to the implementation of stringent road safety and traffic control laws and a large number of automobiles running on the roads of the regional countries. Moreover, the rapid advancements in driving simulator technology, to avoid potential failures in vehicles that might result in driver injury, will also facilitate the adoption of driving simulators in the region. For instance, the Bureau of Transportation Statistics states that the number of registered vehicles in the U.S. increased from 273,602,100 in 2018 to 276,491,174 in 2019.

Improving Quality of Life: The Rising Demand for Pressure Relief Devices in the Global Market

The growth of the pressure relief devices market from $3,361.1 million in 2021 to $5,923.9 million by 2030 will be at a 6.5% CAGR during 2021–2030. Currently, low-tech devices are the most popular and account for almost 65% of the sales revenue. They are easy to use, economical, and highly effective in preventing ulcers. There are various low-tech pressure relief devices, among which mattresses that contain foam witness the highest demand. Till 2030, the fastest growth will be in the adoption of gel-based mattresses, as they outperform other types of low-tech devices.

Sales of High-Tech Devices To Grow Swiftly

In the coming years, the demand for high-tech devices is expected to increase at a high pace, as several technological advancements are being brought about in this domain to prevent pressure ulcers.

The faster pressure relief devices market growth would be in the kinetic beds bifurcation. These devices save people on prolonged bedrest from breathing complications. Already popular in Europe and North America, these beds are now also growing in usage in the healthcare settings in developing regions.

Geographical Insights of Pressure Relief Devices Market

The U.S. dominates North America, the largest market around the world, with an around 37% share. The country has a high incidence of pressure ulcers, favorable medical reimbursement scenario, and several government funding schemes.
The second-highest revenue is contributed by Europe, due to the large population with pressure ulcers in Western Europe. Additionally, numerous government and non-government organizations host campaigns to raise awareness on this condition.
Germany is the largest pressure relief devices market in Europe, ascribed to being home to the highest number of people in the elderly demographic.
The third-largest shareholder, APAC will witness a CAGR of 7.2%, the highest in the world. Market players are allying with local vendors in India, South Korea, and China to target the vast customer base here and increase their sales.
China, which is rapidly gaining prominence in the worldwide healthcare ecosystem, is the largest buyer of pressure relief devices in the APAC region. Moreover, apart from local companies, international medical device firms are strengthening their presence in the country.

Growing Urbanization Increasing Need for Last-Mile Delivery

The shifting consumer requirements are responsible for businesses to offer last-mile delivery of products. Be it the residence or retail store, the endpoint should be reached quickly, with the aim of having happy customers. It is also the most expensive phase of the entire journey of a product from the passage hub to its final destination; thus, the requirement for the optimization of resources is being focused upon by shippers as well as retailers and manufacturers.

When an order is placed by a customer on a web browser or mobile application, it connects with the server of the retailer or e-commerce company. The order is then processed by a centralized management system, which confirms if the stock of a certain product is available and offers the customer the option to make an online payment for the shipment asked for. It then directs the concerned warehouse to dispatch the shipment to the consumer. At this point, the role of the last-mile delivery begins. The transporter directs an agent for the collection of the purchased product from the company’s warehouse and delivers it to the customer’s doorstep.

Role of Last-Mile Delivery in Easing Lives during Pandemic

With the outbreak of the pandemic, when people were confined to the four walls of the house and not able to take a foot out, they had little choice but to order food and other stuff online. Businesses with delivery systems saw the opening and added capacity, extended the timings of delivery, and even branched out into more products. Businesses that did not possess their own delivery system banked on third-party delivery services as the main channel to reach the doorstep of customers.
Food delivery platforms Zomato and Swiggy are making significant investments to transform grocery delivery. While Swiggy has invested $700 million to grow its express delivery Instmart, Zomato focusing on acquiring a 10-minute grocery delivery start-up Blinkit.

The focus that shifted toward safety during the pandemic will not suddenly disappear in thin air. Some facets of the alteration in priorities of the consumers from ease to safety and from desires to basic needs may persist.

Use of Autonomous Vehicles Is Rising

To gratify clients who want to buy products online, without any intrusion, the number of delivery vehicles in the leading 100 cities around the globe will rise by 36% by 2030. The adoption of self-driving vehicles is likely to drive a major alteration in the last-mile delivery model. Artificial intelligence is important for autonomous driving systems as it allows consistent and instantaneous recognition of things that are present in their vicinity. The autonomous driving expertise will let to a radical drop in the delivery cost, thus prompting added growth in the volume of e-commerce orders. Novel vehicles and logistics structures are likely to evolve even further in the coming years.

Delivery Partners Easing the Way

Presently, the overall spectrum of urban commercial delivery is changing at a rapid pace. Urbanization has a lot to do with the increase in the demand for last-mile delivery. Several companies, including e-grocers, such as Amazon and Flipkart; food-delivery platforms, including Zomato and Swiggy; and online pharmacy companies, such as PharmEasy and 1mg, are snowballing their online revenue by offering home deliveries through bikes and scooters in short time.

Hence, with the growth in the e-commerce sector, there has been an increase in the need for last-mile delivery solutions.

Exploring the Growth and Opportunities in the Last Mile Delivery Market

What is Age-Related Macular Degeneration?

Age-related macular degeneration (AMD) is an eye illness that can have an adverse impact or blur your vision. It usually occurs after a person attains a certain age — the portion of the eye that controls straight-ahead vision. The macula is a portion of the retina which is the light-sensitive tissue at the back of the eye.

Age-related macular degeneration is a common disorder — it is one of the leading reasons for vision loss for older people. AMD causes partial blindness, not complete blindness, but losing the central vision will be going to make it hard to recognize any face or thing at the first glance, read, drive or do work such as household work, and cooking.

Types and Stages of Age-Related Macular Degeneration

Dry AMD – Most people suffering from AMD have dry AMD. This happens when the macula starts to deplete with age. Dry AMD happens in three stages: early, intermediate, and late. It usually progresses slowly over the period of several years. There’s no treatment for late dry AMD, but you can find ways to save your remaining vision. And if you are suffering from late dry AMD in only 1 eye, then you can take steps to guard your other eye.

Wet AMD – It is known as advanced neovascular AMD, this is not that common, and it grows at a faster pace in comparison to dry AMD. Dry AMD can turn into wet AMD. It occurs when abnormal blood vessels accumulate at the back the eye and harms the macula. But the only good thing about wet AMD is that the cure is available.

Only a limited number of medications are licensed to cure this illness, habitually by anti-VEGFs. Such medicines require regular and uncomfortable intraocular injections, which improves the strain and source non-adherence to treatment.

How Can you Lower the Risk for AMD?

You can lower the risk of AMD (or slow vision loss from AMD) by making these healthy choices:

Don’t smoke
Do regular physical exercise
Keep blood pressure and cholesterol levels in check
Eat healthy foods, like leafy green vegetables and fish

Spectroscopy Technique Led Process Analytical Technology Market

The term “process analytical technology” (PAT) refers to a system for the analysis and control of production processes that measures essential quality criteria and performance characteristics of raw and in-process materials. It makes it possible to use in-process data to evaluate a batch’s quality during manufacturing, greatly lowering the requirement for final product testing, and thus shortening lead times.

Moreover, PAT has been crucial to the pharmaceutical industry’s process development and scale-up of asymmetric chiral compound syntheses, including active pharmaceutical ingredients. Thus, the process analytical technology market is expected to hit USD 13,626.5 million by 2030, as per P&S Intelligence.

Rising Importance of PAT in Pharmaceutical Industry

The pharmaceutical manufacturers category holds the largest share, of 67%, in the market. This is due to the growing importance of PAT in the pharmaceutical industry’s process development and scaling-up of asymmetric syntheses of chiral compounds, including active medicinal components.

Moreover, the category of biopharmaceutical manufacturers is predicted to register the fastest growth rate. This is a result of the growing biotechnology sector and increasing requirement for biochemical analysis brought on by the acceptance and introduction of several biologic medications.

A Sample Can Be Examined at Various Stages Using Spectroscopy

In 2022, the spectroscopy technique accounted for the largest share, 52.2%, in the market, and this category is predicted to maintain the fastest rate in the years to come. This is explained by the rise in pharmaceutical and biopharmaceutical R&D efforts and the accompanying process optimization in technology.

Rising Government Investment in Biotechnology and Pharmaceutical Sectors in APAC

Moreover, the European region is set to advance at an 18.2% rate in the future years. Despite maturing, the region’s need for PAT products is mostly driven by the existence of large analytical technology businesses, a growing emphasis on quality, the expansion of the biotechnology sector, and rising R&D spending by pharmaceutical firms.

Ventilator Market to Grow due to Rising Preference for Home Healthcare Solutions

The ventilator industry garners $1,560.30 million revenue, and is projected to contribute $2,887.32 million revenue in 2030, rising at a rate of 7.1%. It is led by the growing prevalence of chronic diseases such as asthma, and chronic obstructive pulmonary disease across the world.

In addition, the industry is projected to rise in the coming years, due to increasing incidences of preterm births, a surging elderly population, a rising number of ICU beds, and a growing number of COVID-19 patients.

Ventilators are also known as breathing machines. They help the lungs to work effectively. It serves as a lifesaving machine if you have developed a disease that makes breathing difficult on your own.

It helps in pushing the air in and out of the lungs to cater to the oxygen need of the body. A fitted mask can help in getting enough oxygen from the ventilator to the lungs. In a more serious condition, a breathing tube is inserted down the throat for supplying oxygen to the lungs.

A doctor or respiratory therapist controls the amount of oxygen that needs to be pushed into the lungs by the ventilator.

Ventilators serve as breathing aids and are widely used in healthcare facilities, including nursing homes, hospitals, private residences, and long-term care institutions. Severe COVID-19 patients at high risk of respiratory failure can be benefitted effectively through ventilators.

The major advantages of ventilators include weaning, improved oxygenation, and lesser damage to the lungs are projected to boost the industry revenue.

In addition, ventilators have transformed effectively with technological developments, such as advancements in ventilator sensor technologies, and the development of portable ventilators.

Moreover, the rising demand for home healthcare services provides better opportunities to industry players. The home healthcare ventilator demand is rising, due to the convenience offered them and low cost.

Rising Disease Prevalence To Drive Professional Acne Treatment Market to $13,124.5 Million by 2030

From $6,298.9 million in 2020, the global professional acne treatment market value is predicted to reach $13,124.5 million by 2030, at a 7.6% CAGR between 2020 and 2030.

The market is being driven by the following factors:

Rising Prevalence of Acne: Almost 90% of the people on earth, especially young adults and adolescents, get acne at some point in their lives. Moreover, the Global Burden of Disease study estimates the 2019 incidence of this common dermatological issue at 50 million cases in the U.S. alone.
Adoption of Sedentary Lifestyle: This is another key driver for the professional acne treatment market as being less physically active leads to a rise in weight and the levels of lipids in the body. This, in turn, upsets the hormone concentration, which results in an array of skin diseases, including hormonal acne.

The coming years will be characterized by the faster growth of the inflammatory bifurcation in the professional acne treatment market, on the basis of acne type. This kind of acne is considered severer than the non-inflammatory type, and it is often painful. Additionally, inflammatory acne cannot be cured by most of the drugs available over the counter (OTC), which is why a professional’s intervention is preferred.

Nowadays, the increasing focus of pharmaceutical companies on introducing new products is becoming a prominent trend in the professional acne treatment market. For example, in August 2020, Cassiopea SpA received the U.S. Food and Drug Administration (FDA) approval for Winlevi, an acne treatment cream derived from clascoterone. This cream has been developed for treating acne in patients aged 12 years and above. Similarly, in February 2021, VYNE Therapeutics Inc. received the FDA approval for its AMZEEQ (minocycline) topical foam. This foam is designed to treat inflammatory lesions caused by non-nodular moderate-to-severe acne in children aged nine years or more and adults.

The acne type segment of the professional acne treatment market is bifurcated into inflammatory and non-inflammatory. Of these, the inflammatory category generated the higher revenue in 2020 due to the surging need for an effective treatment for inflammatory acne, as it is usually painful. A large number of pharmaceutical companies are offering branded and generic drugs for inflammatory acne, as the commonly available benzoyl-peroxide and salicylic-acid-based over-the-counter (OTC) products are not completely effective on it.