Tuesday, April 28, 2020

Find Out Why Neuroprosthetics Market is Thriving Worldwide

Industry Insights

The market for neuroprosthetics in 2015 was estimated at USD 4.2 billion globally. This can be attributed to high prevalence rate of disorders such as severe depression, Alzheimer’s, muscle/neuromuscular junction disorder, ophthalmic, auditory, epilepsy, and Parkinson’s which will drive the growth.

Also, the increasing investments in R&D for new products and device innovation & development for effective treatment plans to be used for neurological diseases are anticipated to provide significant boost to the overall demand. The increasing preference of self-charging devices, which uses bioenergy is expected to propel demand for brain implants throughout the forecast period. Furthermore, rise in aging population susceptible to neurological diseases is presumed to be a high impact factor for increasing neural implants demand throughout the forecast period.


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Technology Insights

The largest market share of around 50.0% was held by spinal cord stimulation segment in 2015. The dominant share can be attributed to high penetration of these devices with technological upgradations. These upgradations facilitate usage in various applications, to treat impaired autonomic, sensory, and motor functions.

Advent of technologically advanced products, that includes surgical implantable devices, featuring images, MRI, movable and automated probes, and local field potentials is predicted to provide attractive growth opportunities. Moreover, the frequent development of next-generation technologies by manufacturers, to enhance treatment interventions for restoration of impaired neurological functions, makes sacral nerve stimulators as fastest growing segment.

Type Insights

The largest market share was held by motor prosthetics followed by the cochlear prosthetics segment in 2015. The dominant share held by motor prosthetic can be attributed to increased adoption, preference for implantable devices in bladder control and brain computer interface for treatment of lateral sclerosis & paraplegic patients.

A rapid growth is seen by the auditory segment owing to the increase in usage of mid brain AMI’s and brain stem implants ABI’s by patients with impaired hearings. Cochlear implants can be used for stimulation therapy and signal processing systems, which is expected to broaden the treatment scope in the future for neural disorders.

Application Insights

Traumatic brain injuries, spinal cord injuries, Parkinson’s disease, and Alzheimer’s can be treated with the use of neuroprosthetics. The neuroprosthetic devices can be broadly classified into cognitive & physiological disorders, and motor neuron abnormalities based on application. The largest application segment was found to be motor neuron disorders in 2015 owing to the increasing adoption in epilepsy and Parkinson’s along with high prevalence of the aforementioned thereby leading to a widened consumer base.

The fastest growing segment is anticipated to be cognitive disorders as a consequence of rising prevalence of severe depression and Alzheimer’s. Introduction of various technologically advanced stimulation devices which can stimulate motor controls and calculate limb trajectory to be used in paralysis treatment, is expected to further drive the market during the forecast period.

Regional Insights

The largest share of over 50.0% in terms of revenue was held by North America in 2015. The dominancy in terms of revenue can be attributed to various factors such as, private and government funding as well as supportive healthcare infrastructure. Europe is anticipated to witness an upward shift as a consequence of advent of technologically advanced products for patients with impaired hearing and increasing initiatives by the government.

The fastest growing region is predicted to be Asia Pacific owing to the untapped opportunities present in this emerging region. The shifting focus towards overall cost containment in manufacturing of implants and high awareness amongst patients are predicted to drive the growth prospects. Moreover, increasing investments by the key players for development of new manufacturing facilities is expected to provide high growth potential over the coming years for neural implants.

Competitive Insights

Various companies which offer solutions for a wide range of neurological disorders are BrainGate, Sonova, MED-EL, Nervo Corp., Retina Implant AG, St. Jude Medical Inc., and Boston Scientific Corporation. The prominent players include NeuroPace Inc, NDI Medical LLC, Medtronic Inc., Cyberonics Inc., and Cochlear Limited.

The oligopolistic nature of the market and companies help in providing technologically advanced and effective solutions including, stimulators, smart hearing devices, wireless mini microphones and advanced therapy for neurological diseases. Geographic expansion and strategic collaborations are some of the few sustainable strategies that are adopted by these players. This is predicted to keep the industry’s competitive rivalry at the highest level and drive the market throughout the forecast period.


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Lysine Market Sees Promising Growth

The global lysine market is expected to reach USD 6.96 billion by 2020. Lysine Market demand is expected to witness a steady growth on account of its increasing usage in the manufacturing of animal feed. Lysine is an organic compound with a chemical formula C6H14N2O2. It is an alpha amino acid and is mostly used in the biosynthesis of proteins. Human body cannot synthesize lysine and therefore it is mostly obtained through diet. Lysine is injected in consumed meat to provide necessary nutrients. Usage of lysine as a protein synthesizer in animal feed is a major application driving the overall demand. This compound is used by the cattle breeding industry to improve the protein content in beef, chicken and egg. There has been a significant demand for processed meat with high protein content which in turn has propelled the usage of lysine in animal husbandry and cattle breeding.


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Further, its application as an herbal supplement has been driving the market demand in recent years. Hectic lifestyle and increasing consumer awareness has created a trend of protein supplement consumption. These supplements are known to improve muscle growth and plays an important role in calcium absorption. Lysine is plays a major role in diet for people recovering from injuries. Their intake for improving body enzymes and antibodies is expected to provide great opportunities in the near future.  Government regulations and safety related to this organic compound offers a major challenge for the overall industry growth. The U.S food and drug administration considers this compound as generally recognized as safe (GRAS). There are no significant regulatory standards for the usage of lysine as an herbal supplement or for medicinal uses.

Use of lysine for the manufacturing of lysine monohydrochloride is expected to provide great opportunities in the near future. This compound is used as a food ingredient in fabricated snack products. It is used before frying to reduce the content of acrylamide. Market segmentation is done on the basis of application which includes animal feed and body supplements. Animal feed account for maximum segment share owing to the increasing meat consumption. Segmentation demand for protein supplements is expected to grow owing to increasing urban population. Products containing lysine have been very popular among body building and sports activists. Asia Pacific has been the leading market in recent years in terms of demand and is expected to continue on account of increasing meat consumption. China has shown substantial production and consumption of lysine which is used world-wide for the manufacturing of animal feed. Emerging economies such as India and China are expected to witness a significant growth on account of high investment in poultry and cattle breeding.

Further, regional demand is followed by North America mainly on account of increasing use of lysine as body supplements. Development of new products for sport activists and body building professionals has fuelled the demand in developed economy such as the US. Europe is expected to show a steady growth over the forecast period owing to the presence of developed animal husbandry practices. South America and Africa is expected to witness a stagnant growth owing to the slow growth of overall development of application industries.  Major players operating in the market are Global bio chem tech, Cheil Jedang, Ajinamoto, Archer Daniel Midland. Other major players present in the market are COFCO biochemical, Evonik industries, and Shaouguang Juneng Golden Corn. Companies are focusing on research and development in order to find out new applications for lysine. This is expected to diversify the application portfolio and therefore propelling the demand in near future.


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Monday, April 27, 2020

Global Glycerol Market to Rise 6.4%

Industry Insights

The global glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.. The increase in production of oleochemicals coupled with growing downstream opportunities is anticipated to propel market demand over the forecast period. Declining usage of synthetic products such as propylene glycol is likely to fuel consumption of glycerol.

Glycerol also is known as glycerin, it’s a core compound of all triglycerides. Glycerol can be sourced either from artificial or natural means depending on a raw material used in its manufacturing. Glycerol finds its applications in preservatives, antifreeze chemicals, explosives, and food sweeteners due to its chemical properties. Growing healthcare technologies are likely to drive the market growth over the forecast period.

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Uncertain feedstock supply, fewer profit margins for refinement processes can act as a restraint to the glycerol market. Unstable government legislations and industry subsidies are affecting the profitability of manufacturers which is expected to have a negative impact on glycerol production.

Source Insights

The major sources of glycerol are biodiesel, fatty acids, and fatty alcohols. In recent times, bio-diesel is the largest source for the production of glycerol. The process of using bio-diesel alcohol in glycerol production is known as transesterification process, which is economical over other synthetic processes. Saponification and hydrolysis are the other methods of glycerol production.

Application Insights

Pharmaceuticals and personal care were the largest application segment of this market. Glycerol finds its application in skin products owing to its healing properties and nutritive value. It is also used in health products due to its sweet tasting features and laxative properties.

The growing demand for coatings and paints industries is expected to have a positive impact on market demand. Glycerol also finds its applications in explosive production, tobacco humectants, perfume production, and food preserving. Glycerol is the precursor to important chemicals such as 1-3 propanediol, Epichlorohydrin, and Propylene Glycol owing to which the downstream applications of this product have attracted a lot of attention.

Regional Insights

Europe is the largest region in the market due to growing demand in food & beverages, pharmaceuticals, and personal care segments. Its growing application in the production of specialty chemicals such as propylene glycol and epichlorohydrin is driving the demand for this product.

China is likely to consume high glycerol owing to rising production of epichlorohydrin in this economy. The presence of a large number of coatings and paints industries in Asia Pacific is expected to drive the market demand. The rising consumption of cosmetic products and pharmaceutical containing glycerol is likely to witness a significant growth over the forecast period.

Competitive Insights

The key players in the market are Vitusa Product (U.S.), Emery Oleochemicals LLC (U.S.), Cremer Gruppe (Germany), Dial Corporation (U.S.), Kashima Chemical Co., Ltd. (Japan), Sumi Asih Oleochemical Industry (China), Twin Rivers Technologies, Inc. (U.S.), Pt Cisadane Raya Chemicals (Indonesia), Kao Corporation (Japan), Sakamoto Yakuhin Kogyo Company Ltd. (Japan), Pt Flora Sawita Chemindo (Indonesia), Pacific Oleochemicals Sdn Bhd (Malaysia), United Coconut Chemicals, Inc. (Philippines), Croda International Plc. (UK), Archer Daniel Midland (U.S.), IOI Oleochemical Industries Berhad (Malaysia), Dow Chemical Company (U.S.), Godrej Industries Ltd. (India), Kuala Lumpur Kepong Berhad (Malaysia), Solvay SA (Belgium), Procter & Gamble Chemicals (U.S.), Wilmar International (Singapore), Sofiprotéol Group (France), and Cognis Corporation (U.S.), etc.


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Automotive Infotainment Market Drivers And Challenges

Synopsis:

The scope of the global Automotive Infotainment Systems Market was appreciated by US$ 15.20 billion in 2016 and it is likely to reach US$ 37.62 billion during the forecast period. The increasing demand for systems that can provide entertainment, accessibility comprising live audio streaming, on-demand music, combination of smart phone, along with a number of additional entertaining facilities and comfort within the car, is estimated to motivate the development of the automotive infotainment market. The manufacturers of the automobiles are also gradually integrating such type of systems in their automobiles having understood that such type of features can gladly motivate the purchasing decision of the customer.

Drivers:

The increasing stages of per head earnings in developing nations, mainly in Asia Pacific, are letting customers expend on luxury and top-class cars furnished by these systems. Progress in technology has furthermore steered the introduction to instinctive touchscreen, cutting-edge graphical user interfaces, vocal sound recognition, and additional amenities in these systems. Entirely such developments have potential for the development during the period of forecast.


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Additional features motivating the acceptance of these systems consist of smartphone connectivity, both over Wi-Fi or Bluetooth, which permits customers to access messages and additional information and makes it easier to work on the move. Furthermore, consumers can furthermore modify these systems consistent with their necessities and selections. This is also funding the acceptance of these systems. Over and above this, the capability of these systems to access cloud centered services and deliver unified connectivity and distant access to playlists and streaming of video is also motivating the demand for these systems.

A competition amongst OE fitted and aftermarket products is a specific high spot because the suppliers of OE fitted products emphasis on the quality whereas suppliers of aftermarket products mainly concentrated on the price. Per se, the demand for OE products is projected to be great in industrialized nations, whereas the aftermarket products would be mainly in demand in developing nations of Asia Pacific, where the choice of infotainment systems is constructed on the price.

Classification:

The global automotive infotainment systems industry can be classified by Application, Installation, Product, and Region. By Application it can be classified as Commercial Vehicles, Passenger Cars. By Installation, it can be classified as Aftermarket, OE fitted. By Product, it can be classified as Communication Unit, Head-up Display, Audio Unit, Navigation Unit, and Display Unit.

Regional Lookout:

By Region the global automotive infotainment market can be classified as North America, Europe, Asia Pacific, and South America. North America generated maximum revenue of US$ 5,723.1 million in 2018. North America is home to the important business participants and therefore the area is in leading position in the development and application of innovative automotive infotainment systems. The increasing inclination toward vocal sound recognition methods and driver distraction mitigation systems is estimated to motivate the development. The increasing end-users’ liking for HD in-dash display monitors is the additional obvious tendency that has been holding up in the local market.

The Asia Pacific is expected to develop at the maximum percentage during the period of forecast. The increasing stages of per head earnings of the customers are mainly letting them purchase passenger cars having modern facilities. The increasing sales of top-class cars in China are mainly estimated to add to the development of the local Asia Pacific’s market. Additionally, growing acceptance of smartphones together with the increasing demand for automotive infotainment systems with the combination of smartphone technology is projected to motivate the development during the period of forecast.

Companies:

At present, the automotive infotainment systems market is extremely disjointed in nature. A number of medium and small sized companies are trying to build up their position, by way of launching reasonably priced aftermarket systems. Accordingly, it has started observing strong competition amongst suppliers of OE fixed systems and suppliers of aftermarket systems.

Some of the important companies for automotive infotainment industry are Delphi Automotive PLC, Clarion Corporation, Pioneer Corporation, Panasonic Corporation, Harman International, JVC KENWOOD Corporation, Visteon Corporation, Denso Corporation, Alpine Electronics, Garmin, and Continental AG.


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Thalassemia Market is Expected to Grow Rapidly

The global thalassemia market size is predicted to value at USD 3.53 billion by 2022, during the forecast period. The market is subject to observe a substantial growth due to the rise in occurrence of thalassemia diseases, and high-end demand for global cure. The factors driving the growth of the thalassemia industry are rising awareness about genetic disorders, and adoption of modern techniques in healthcare sector. The increase in incidences related to the thalassemia are expected to grow in different region of the globe due to factors such as growing populace immigration, mixed race marriages, hereditary and environmental influences are the leading causes for expansion of the market during the forecast period. Globally, the thalassemia market is predicted to grow at CAGR of 10.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the thalassemia industry.

Most of the medicines that are consumed and prescribed to treat thalassemia are only capable of curing symptoms and their implication on the body similar to anemia, rise of iron in blood and lack of essentials vitamin in the human body. The treatment for thalassemia is still considered as non-viable despite, latest methodologies. These factors are hampering the market growth for thalassemia in recent years. Currently, the treatment associated with thalassemia is limited only to blood transfusion techniques and iron chelation therapy. Though, the advent of gene therapy has shown significant capabilities to cure thalassemia diseases in short duration of time, reenergizing growth of thalassemia market in upcoming years.


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Thalassemia is considered as a hereditary blood disease caused due to variable production of hemoglobin in human body. Patients suffering from thalassemia disorder cannot produce required hemoglobin for proper functioning that leads to the severe cases of anemia. Hemoglobin present in the red blood cells is responsible for oxygen supply to various parts of the body. Due to the lack of hemoglobin in blood cells, enough oxygen is not supplied to the body part for proper functioning. Thus, the body organs turn weak and fragile due to insufficient oxygen commonly, thalassemia disorder is classified in two types such as alpha thalassemia disorder and beta thalassemia disorder. Critical importance is given to treatment of the beta thalassemia disorder due its severe effects. The beta thalassemia is also termed as Cooley’s anemia. The symptoms associated with the diseases starts appearing during two to three years from date of occurrence, these symptoms include pale skin, lack of hunger, irritability, and lack of growth. The common treatment associated with the disorder is routinely blood transfusions and iron chelation technique. In thalassemia disorder, there is substantial amount of iron production in the body due to adverse effects of disease.

Treatment or therapy of the thalassemia solely relies on the level of severity in the patients. Majorly for alpha thalassemia disorders or mild forms of the disease condition, basic medication along with proper counseling is preferred. While in severe cases, a full-fledged treatment is required involving treatment blood transfusion, iron chelation therapy to maintain concentration of iron in the blood. This can be achieved with use of drugs, for example, deferoxamine and deferasirox.

The thalassemia industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in adoption of latest technologies for treatment of genetic disorders and existence well-established healthcare infrastructure. Europe region is predicted to hold major market share in the thalassemia market with massive growth in forecast period. Countries such as Italy, Germany and France are leading the European market with increase in the occurrence of thalassemia diseases and growing investment by leading industry players due to potential opportunities in the region.

The key players in the thalassemia industry are bluebird Incorporations, Acceleron Pharma Incorporations, Celgene Co., Incyte Co., Gamida Cell, Kiadis Pharma Co., La Jolla Pharmaceutical Company, and IONIS Co.


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