Muscle Relaxant Drugs Market to Witness Growth because of Increasing Incidence of Skin Diseases

 Today, the population of people aged 60 years or above is growing much faster than it was a few years back. As per the World Health Organization (WHO), the proportion of aged people will nearly double from 12% in 2015 to 22% in 2050. Owing to this, the medical settings need to be prepared for catering to the needs of this age group, since the geriatric population is more susceptible to diseases and therefore requires frequent and effective care. As a person grows older, their bodily functions start needing much more care. The physical body becomes weaker, which is why older people are also more prone to muscle spasms and body pain.

Because of this, the demand for muscle relaxants is growing at a swift pace. Muscle relaxants are utilized for preventing and reducing muscle spasms and tightness, which may occur due to an uncontrolled contraction of muscles. The muscle contract sudden resulting in pain, which creates the need for medical intervention. Ascribed to these factors, the global muscle relaxant drugs market is projected to grow at a rapid pace in the coming years. The three major types of muscle relaxants are neuromuscular blocking agents, facial aesthetic relaxants, and skeletal muscle relaxants. 

Out of these, the demand for facial aesthetic relaxants was the highest in the past, which is basically because of the high safety and efficiency of these drugs. Different types of facial aesthetic relaxant drugs are dysport and Botox, between which, the demand for Botox was higher in the past. Other than this, the demand for skeletal muscle relaxants is also expected to rise in the near future. Antispastic and antispasmodic are two types of skeletal muscle relaxants. Antispastic agents are utilized for conditions such as multiple sclerosis and cerebral palsy and antispasmodic agents are used for the management of musculoskeletal conditions such as neck pain, tension headaches, and lower back pain. 

The growing incidence of skin diseases is also resulting in the growing requirement for different muscle relaxant drugs. Factors such as exposure to ultraviolet radiation, excessive tobacco and alcohol consumption, and surging pollution lead to reduction in reduced skin elasticity and the skin becomes susceptible to sunburns. In addition to this, acne is the most common dermatological condition and affects a large number of people all across the globe. Attributed to these factors, people are increasingly making use of botulinum toxic-based muscle relaxant procedures for treating skin diseases. 

Owing to the growing utilization of facial muscle relaxants and surging geriatric population, North America has been a major consumer of muscle relaxants in the past. Furthermore, increasing research & development investments, rising awareness regarding musculoskeletal problems and their management, and advancements in healthcare infrastructure are also driving the demand for muscle relaxants in the region. Apart from this, the Asian region is predicted to emerge as the fastest-growing muscle relaxant drugs market in the coming years, which is due to the rising prevalence of chronic diseases, increasing number of surgeries, and surging geriatric population.

Hence, the demand for muscle relaxant drugs is also growing due to the rising geriatric population and increasing incidence of skin diseases around the globe.   

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How Is Surging Chronic Disease Prevalence Creating Patient Engagement Solutions Demand?

 Patients suffering from chronic diseases such as cancer, obesity, diabetes, and cardiovascular diseases (CVDs) require constant engagement with medical facilities as such ailments affect people for a long duration and need constant monitoring. According to the International Diabetes Federation (IDF), 700 million people in the age bracket of 20–79 years will be suffering from diabetes by 2045. Further, the World Health Organization (WHO), CVDs, diabetes, and cancer account for 17.9 million, 1.5 million, and 9.3 million deaths respectively, each year.  

In recent years, patient engagement solution providers, such as Medical Information Technology Inc., Computer Programs and Systems Inc., Allscripts Healthcare Solutions Inc., InterSystems Corporation, International Business Machines Corporation (IBM), Epic Systems Corporation, Cerner Corporation, eClinicalWorks LLC, and athenahealth Inc. are actively engaging in research and development (R&D) for introducing novel solutions to improve the condition of patients. For example, in April 2018, McKesson Corporation introduced Health Mart Atlas to deliver high-quality care. This managed-care solution is a strong network of high-performing community pharmacies.

Patient management software, hardware, and services offered by the aforementioned solution providers are used in health management, financial health management, home health management, and social and behavioral health management applications. In recent years, patient engagement solutions were primarily used in health management applications, due to the surging adoption of technological solutions, owing to the rising government initiatives toward spreading awareness among people regarding disease prevention. Owing to the wide application base of such solutions, they are used by individuals as wells as healthcare organizations. 

According to P&S Intelligence, North America dominated the patient engagement solutions market in the recent past, due to the surging incidence of chronic ailments and the soaring number of healthcare information technology (HIT) solution providers in the region. For instance, according to the Centers for Disease Control and Prevention (CDC), cancer, diabetes, and heart disease are the most common causes of disabilities and fatalities in the U.S. Moreover, the presence of a well-established healthcare infrastructure is boosting the adoption of patient engagement solutions in the region. 

Whereas, Asia-Pacific (APAC) is expected to adopt patient engagement solutions at the fastest pace in the foreseeable future. This can be attributed to the increasing prevalence of chronic diseases, rising awareness about such solutions for managing patients, and escalating geriatric population in the region. For example, the International Diabetes Federation (IDF) predicts that the number of diabetic patients in South East Asia in the age group of 20–79 years will increase from 88 million in 2019 to 153 million by 2045. 

Thus, the growing incidence of chronic diseases and increasing government support for patient-centric care will fuel the adoption of patient engagement solutions in the coming years.  

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Enactment of Strict Emission Regulations Driving Demand for Automotive Elastomers

 One of the major factors driving the worldwide demand for automotive elastomers is the implementation of stringent environmental regulations in several countries for mitigating CO2 emissions. Moreover, many international organizations are increasingly enacting strict guidelines for reducing greenhouse gas emissions. For instance, many organizations in Europe and North America are enacting policies that mandate the production and incorporation of lightweight materials in automobiles in order to mitigate CO2 emissions and achieve the preset emission targets by 2025.

Similar policies have been enacted by the governments of various countries in the Asia-Pacific (APAC) region. China, which is the largest emitter of greenhouse gases in the region, intends to introduce policies for controlling its emission levels. Other countries in the region such as India, Indonesia, and Australia, are also enacting regulations for reducing the effects of climate change by mitigating the generation of carbon emissions. The enactment of these policies is creating lucrative growth opportunities for the players operating in the automotive elastomers market.  

Furthermore, many North American and European countries are strictly adhering to emission regulations by focusing heavily on fuel economy, which is make the adoption of lightweight, high-precision, and durable automotive elastomers necessary for gaskets, weather seals, and hoses in automobiles. The Environmental Protection Agency (EPA) has enacted emission standards and regulations for light cars and trucks in North America. For passenger cars, the targeted permissible emission limit has been set at 143 grams per miles (g/mi) which is lower than the limit set for 2016, which was 225 g/mi.

Between these, the demand for synthetic elastomers was found to be higher during the last few years. On the other hand, in the coming years, the sales of thermoplastic elastomers are expected to rise at a faster pace, on account of the high durability and excellent physical characteristics of thermoplastic elastomers, which make them very popular among automobile manufacturing companies around the world. Geographically, the demand for automotive elastomers soared in the Asia-Pacific (APAC) region in the years gone by.

This was because of the rapid expansion of the automotive industry and the large-scale adoption of lightweight materials by automobile manufacturers in the region. In the coming years, the sales of automotive elastomers are predicted to surge in North America and Europe. This is credited to the boom in the automotive industry, enactment of strict emission regulations, and rising popularity of high-performance automobiles in these regions. In North America, the demand for these elastomers was the highest in the U.S. in 2015. 

Hence, the demand for automotive elastomers will shoot up in the forthcoming years, mainly because of the increasing implementation of strict emission regulations by various international organizations and governments and the expansion of the automobile industry.  

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Advanced Wound Care Market to Grow due to Rising Incidence of Diabetes

 The number of burn cases across the globe is rising rapidly. For example, about 180,000 deaths occur due to burns every year, and majority of these cases occur in low- and middle-income countries, as per the World Health Organization. In addition to this, the annual number of burn incidence in India is about 6–7 million. A burn injury is caused by heat because of radioactivity, radiation, friction, electricity, or contact with chemicals. The damage caused by burn can cause severe damage to the skin and other affected tissues, which is why proper treatment is required for these cases. 

Owing to this, the demand for advanced wound care products is growing rapidly. These products have a higher absorption capacity as compared to conventional wound care products, including sponge, wadding, gauze, and plaster, which is a crucial aspect for preventing wound seepage. Advanced wound care products also allow the exchange of oxygen, simultaneously blocking the entry of microbes into wounds, aid in the formation of new tissues, and retain moisture. It is due to these benefits that the global advanced wound care market is expected to progress at a significant pace in the years to come.  

Different kinds of advanced wound care products are active wound care products, advanced wound dressing, and wound therapy devices. Among all these, the demand for advanced wound dressing =s was the highest in the past. Collagen dressing, foam dressing, hydrogel dressing, hydrocolloid dressing, alginate dressing, and film dressing. Types of wound therapy devices are electrical stimulation devices, negative pressure wound therapy (NPWT) device, and oxygen & hyperbaric oxygen equipment. The demand for NPWT devices is expected to grow considerably in the years to come. Topical agents and artificial skin & skin substitutes are the two types of active wound care products.  

Other than burns, advanced wound care products are also utilized for treating surgical & chronic wounds and ulcers. The highest demand for these products was created for surgical & chronic wounds, which can be ascribed to the surging cases of obesity and diabetes, growing geriatric population, and rising incidents of road accidents. Outpatient facilities and inpatient facilities are the major end users of advanced wound care products. Between these two, the demand for these products was the highest from inpatient facilities in the past due to the fact that these facilities provide specialized facilities to patients suffering from different kinds of wounds.

Geographically, North America has been the largest user of advanced wound care products in the past, owing to the rising cases of obesity and diabetes, increasing geriatric population, and surging cases of road accidents in the region. Other than this, the Asia-Pacific region is projected to emerge as the fastest-growing advanced wound care market in the coming years. This is particularly attributed to the surging number of burn case and diabetes in the region. 

Hence, the demand for advanced wound care products is rising due to the growing number of burn cases around the globe.   

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Construction of Green Buildings Propelling Construction Chemical Sales

 With the increasing urbanization rate, especially in developing countries such as India, South Africa, Brazil, and China, on account of the rapid migration of people from rural areas to urban areas for better employment opportunities and a higher standard of life, the demand for construction chemicals is surging sharply. This is attributed to the fact that the soaring population of people in urban areas is positively impacting the demand for new buildings, offices, and factories, which is, in turn, fueling the launch of many large-scale construction projects.

Additionally, the rapid construction of green buildings, on account of the increasing concerns being raised over the escalating pollution levels and the burgeoning requirement for energy conservation in buildings, is also driving the sales of construction chemicals, thereby causing the expansion of the construction chemicals market. Moreover, green building materials can massively reduce the emission of harmful gases, which further boosts their popularity across the world. Additionally, these chemicals have the ability to improve the durability of buildings and provide protection against various environmental hazards.  

Adhesives, protective coatings, concrete admixtures, sealants, asphalt modifiers, and others such as flooring chemicals and flame retardants are the most widely used types of construction chemicals across the world. Out of these, the demand for concrete admixtures was found to be the highest in 2017. This was because of the extensive use of admixtures, owing to their ability to reduce the cost of construction by modifying the traits of the hardened concrete. For instance, the addition of admixtures to water can reduce water requirement by 5–10%. 

Geographically, the sales of construction chemicals are predicted to rise at the fastest pace in the Asia-Pacific (APAC) region in the coming years. This is ascribed to the burgeoning demand for construction chemicals in regional countries such as China and India. China is widely considered as the world’s construction capital and the country is witnessing the launch of several construction projects. Moreover, the government is also making huge investments in infrastructure projects, which is also boosting the sales of construction chemicals in the country. 

Thus, the demand for construction chemicals is certain to explode in the forthcoming years, primarily because of the increasing construction and infrastructural development activities, on account of the surging population of urban people, and rapid construction of green buildings across the world.     

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Demand for Wound Closure Products Set to Explode in Asia-Pacific in Future

 The increasing incidence of road accidents is one of the major factors fueling the demand for wound closure products around the world. The wounds caused due to accidents are usually exposed to debris, soil, bodily fluids, and microbes. Moreover, these wounds often result in tissue loss, which subsequently extends the body’s healing process. Apart from the rising prevalence of road accidents, the increasing occurrence of burn cases is also positively impacting the demand for wound closure products around the world. 

According to the American Burn Association (ABA), the U.S. witnessed nearly 486,000 burn injuries in 2011. Surgical intervention is usually required for healing these injuries. As wound closure products are heavily used in surgical procedures for closing the wounds caused due to surgical incisions, the growing incidence of burn cases is propelling their worldwide demand. Wound closure products assist in the management of wounds in both external and internal surgical applications. 

The growing prevalence of chronic wounds is also fueling the sales of wound closure products around the world. This is because surgical intervention is usually required for treating chronic wounds such as pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Due to these factors, the demand for wound closure products is surging sharply across the world. This is, in turn, driving the advancement of the global wound closure products market. 

Sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats are the major types of wound closure products used all over the world. Out of these, the demand for sutures was found to be the highest during the last few years. This was ascribed to the huge prevalence of chronic wounds and surgeries across the world. General, cardiovascular, orthopedic, gynecological, and ophthalmic surgeries are the biggest application areas of wound closure products.

Out of these, the requirement for these products was observed to be the highest in cardiovascular diseases in the years gone by. This was credited to the high incidence of cardiac surgeries, because of the widespread prevalence of various heart diseases all over the world. Across the globe, the sales of wound closure products were the highest in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India.

On the other hand, the demand for these products is predicted to surge sharply in the Asia-Pacific (APAC) region in the forthcoming years. This will be a result of the growing incidence of road accidents, chronic wounds, and burn cases and the rising requirement for surgical procedures in the regional countries. Moreover, the soaring healthcare expenditure, especially in India and China, is also bolstering the demand for wound closure products in the region.

Hence, it is safe to say that the demand for wound closure products will rise enormously all over the world in the upcoming years, primarily because of the increasing number of surgical procedures and the growing incidence of road crashes and burn cases all over the world. 

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Why will Sales of Portable Ultrasound Devices Boom in Asia-Pacific in Future?

 Ultrasound is widely used for both therapeutic and diagnosis purposes. Ultrasound imaging is a commonly used medical imaging method that employs the use of high frequency sound waves and their echoes for producing cross-sectional images of the human body. Ultrasound devices are very easy to operate and take from one place to another, especially in remote areas. These devices are primarily used at point-of-care, on account of the fact that they are smaller and lighter and highly convenient to carry.

Medical ultrasound systems operate at very high frequencies, commonly in the range of 1-10 MHz. These machines calculate the distance from the organ or tissue to the probe with the help of the speed of the sound within the tissue and the time taken for each echo to return. The increasing incidence of chronic diseases and the soaring population of geriatric people are the two major factors fueling the demand for portable ultrasound devices. 

Additionally, the surging healthcare expenditure and the rapidly developing healthcare infrastructure, especially in the emerging economies such as India and China, are massively propelling the sales of portable ultrasound devices across the globe. This is, in turn, fueling the progress of the global portable ultrasound device market. The two most commonly used portable ultrasound devices are hand-held and mobile ultrasound devices. Between these, the demand for hand-held portable ultrasound devices will rise rapidly across the world in the future years.

Across the globe, the sales of portable ultrasound devices are predicted to surge in Europe in the coming years. This will be because of the soaring healthcare expenditure, the surging population of geriatric people, and the rising incidence of chronic diseases in the various European countries. In addition to these, the presence of a rapidly improving healthcare infrastructure is also propelling the demand for portable ultrasound devices in the region.

The sales of these devices will also rise tremendously in North America in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This will be because of the surging geriatric population, the rising incidence of chronic diseases, and the soaring healthcare costs in the region. Globally, the Asia-Pacific (APAC) region is predicted to witness the highest sales of portable ultrasound devices in the coming years.

This will be because of the mushrooming geriatric population and the surging occurrence rate of various chronic diseases in the region. Additionally, the existence of a large population and a rapidly improving healthcare and medical infrastructure is massively boosting the sales of portable ultrasound devices in this region. Koninklijke Philips N.V., Hitachi Ltd., General Electric Company, FUJIFILM Holdings Corporation, and Siemens AG are some of the leading portable ultrasound device-manufacturing companies all over the world. 

Hence, it can be said with surety that the sales of portable ultrasound devices will surge across the world in the forthcoming years, primarily because of the rising incidence of chronic diseases and the surging population of geriatric people around the world. 

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Why Is Cosmetics Industry Using Soy-Based Chemicals?

 Soy-based chemicals are an alternative to traditional chemicals, which are derived from petroleum oil or crude oil. Soy milk and soy oil are the most-popular soybean derivates, being increasingly used in the food and beverage industry owing to their high nutrient content. Similarly, the cosmetics industry uses soy-based chemicals in the production of biodegradable soaps, deodorants, and perfumes. Thus, the increasing demand for high-nutrient-content food products and biodegradable cosmetics will fuel the consumption of soy-based chemicals worldwide.

Moreover, the surging need for biofuels, owing to the rising air pollution levels and depleting fossil fuel reserves, will augment the production of soy-based chemicals in the upcoming years. According to the World Health Organization (WHO), approximately 4.2 million deaths are caused due to ambient air pollution every year. Furthermore, the WHO states that the transportation sector and power sector should shift to clean modes of power generation, such as low-emission fuels, to mitigate air pollution levels.

Furthermore, the rising need for biofertilizers, eco-pesticides, and eco-insecticides, primarily on account of the degrading soil quality and depleting nutrient content in the earth's crust, is projected to create a huge requirement for soy-based chemicals. The World Wide Fund for Nature (WWF) propounds that half the topsoil of the Earth has been lost in the last 150 years and the soil quality has been compromised due to over-intensive agricultural practices. This has resulted in soil salinity, loss of soil structure, compaction, and nutrient degradation, which can be dealt with with biofertilizers and biopesticides.

The Demands of the food and beverage, cosmetics, plastics, and agriculture sectors for soy-based chemicals are met by VertecBioSolvents Inc., Elevance Renewable Sciences Inc., Cargill Inc., Soyaworld Inc., Archer Daniels Midland Co., Cara Plastics Inc., Bunge Limited, The Dow Chemical Company, and BioBased Technologies LLC. At present, these companies are heavily investing in developing countries to produce renewable chemicals as they hold a huge potential for the commercialization of these bio-based products.

As per P&S Intelligence, North America held the soy-based chemicals market share in the preceding years. In the coming years, Asia-Pacific (APAC) is expected to consume a considerable volume of such products due to the mounting investments being made in the renewable chemical sector of China, Singapore, and South Korea. Furthermore, the Middle East and African (MEA) and European regions are expected to create a huge requirement for such chemicals in the foreseeable future.

Therefore, the booming demand for bio-based fuels, nutrient-rich food products, biodegradable plastics, eco-fertilizers and eco pesticides, and bio-based cosmetics will propel the consumption of soy-based chemicals.

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Types of Automotive Refinish Coatings in Indonesia

 There is a higher chance of a vehicle sustaining damage from wear and tear or an accident when more vehicles clog the roads, and more miles are driven. Automotive refinish coatings are important in Indonesia for restoring damaged cars to their former beauty and ensuring they continue to look brand new.

 

Automotive body shops and repair facilities employ polyurethane, acrylic, or alkyd-based coatings as automotive refinish coatings. These coatings are sprayed on new and used passenger and commercial cars to cover up body damage brought on by high temperatures, collisions, and stone contact.

 

Primer, filler, topcoat, basecoat, and activator or hardener coatings are a few of the often used refinish coatings. Although the Indonesianautomotive refinish coatings industry is predicted to expand, several significant issues and trends repair facilities and coating producers must deal with must.

 

Automotive Refinish Coating Formulation

 

Customer satisfaction is a crucial aspect of automotive refinishing that never changes. A high-quality, completely optimized coating product is one approach to guarantee satisfaction, and creating a high-quality coating begins with the formulation. Primer, base coat, and top coat are the components of most automobile coating systems.

 

Primer

 

Modern autos employ a lot of lightweight polymers that are hard to stick to. To achieve appropriate adhesion, primers are utilized to prepare a surface for a coating.

 

Such formulations frequently include a solvent, a binder resin, and additives to increase surface and wetting area. A primer system's binder resin has to have the ability to adhere to low-energy surfaces and increase surface energy for future coatings.

 

Basecoat

 

Most people envision a base coat when they think about automobile paint. The basecoat is what gives an automotive paint system its color. A binder resin, solvent, pigments or pigment dispersions, and additives to enhance wetting and leveling make up a basecoat composition.

 

To produce a base coat of the highest caliber, it is essential to ensure optimum pigment wetting and appropriate pigment orientation.

 

Topcoat

 

The top coat protects the lovely paintwork after the base coat. Over a basecoat, topcoats or lacquers are often applied. These hard, glossy coatings are resistant to chemicals, moisture, abrasion, UV, and temperature.

 

Again, solvent, a binder resin, and wetting/leveling aids make up a standard topcoat recipe. To achieve a long-lasting automobile, refinish coating system, the binder resins for a topcoat must have excellent durability.

 

Driving Factors Are:

 

The main variables influencing demand for automobiles to refinish coatings in Indonesia include:

• Rising disposable income.
• An increase in the frequency of vehicle crashes.
• Surge in the average age of car.

The local demographics' buying power has risen due to the economic recovery and rapid growth in disposable income.

 

Along with the increasing acceptance of automotive refinish coatings, many distinct items have also been launched in Indonesia. As a result, the need for these coatings will increase in the next years because of these characteristics and the huge volume of car demand.

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How Urbanization Drives Demand for Commercial Refrigeration Equipment in APAC?

 In countries like China and India, the urbanization rate is rising, with around 57% and 33% of the population of these countries, respectively, living in cities in 2017, and these shares rose to 61.4% and 35.0% in Chin and India, respectively, by 2020. The urban population in India is expected to reach around 1.4 billion by 2023, and in China, around 1.4 billion by 2025. Urbanization brings a variety of changes in the demands of  people, as the lifestyle and living preferences change. Thus, it will propel the Asia-Pacific (APAC) commercialrefrigeration equipment market in the years to come.

 

Urbanization, due to which the number of modern retail stores and supermarkets has increased, has led the way for the usage of commercial refrigeration equipment. In addition, it has also led to an increase in the workforce in countries like China, India, New Zealand, Australia, and Japan. This has resulted in an increment in the trend of eating out at restaurants and consuming packaged food. To offer people with busy lifestyles more convenience, the online retailing of fresh as well as frozen food is picking up, which is augmenting the demand for refrigeration in commercial spaces.

 

Among the different equipment types used for refrigeration in commercial spaces, walk-in coolers witnessed the highest demand in the past. This was due to the changing food patterns, visible in the rising consumption of frozen foods. As the purchasing power of customers has also increased, hypermarket and supermarket chains have expanded, thereby driving the demand for walk-in coolers in the APAC region. Moreover, ice-making machinery is predicted to grow in demand in the coming years due to the increasing number of bars, cafes, and many other food outlets.

 

This is consistent with the fact that within the commercial sector, refrigerators are majorly bought by entities dealing in the food service business. Here, maintaining and preserving the food quality till it reaches diners are vital. The increasing income of consumers has inclined them toward dining out, which has led to a rise in the number of restaurants, where commercial refrigeration equipment plays a crucial role in ensuring optimum food quality.

 

There are three major APAC commercial refrigeration equipment market players, among which United Technologies Corporation makes the largest number of sales. Other major manufacturers offering this equipment in the APAC region are S.A.I., AB Electrolux, Illinois Tool Works Inc., Hussmann Corporation, and Johnson Controls International Plc. According to P&S Intelligence, they are shifting from fluorinated refrigerants to natural refrigerants because of the increasing global warming concerns. For instance, Japan has modified its F-Gas Law, while China has released a potential list of gases that can be used as the refrigerant.

 

The demand for such systems in the region dropped significantly in 2020 due to the COVID-19 pandemic, to combat which governments enforced lockdowns. The food service industry was among the hardest hit by the lockdowns as all restaurants, bars, cafes, and pubs were closed down. However, since the second half of 2021, with the dropping case count, restaurants are opening again, albeit with restrictions on the number of diners. In the coming months, as this industry opens further, the demand for refrigeration equipment will start to rise.

 

Therefore, the changes in the lifestyle of people due to urbanization are pushing up the requirement for commercial refrigeration equipment in the APAC region. 

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How Is Marketing Automation Software Helping Firms in Increasing Their Customer base?

 Marketers in the Asia-Pacific (APAC) region are leveraging the increasing penetration of social media to build their customer base effectively. Social media platforms allow market executives to track the interactions with prospective customers that are linked to offers and campaigns, to gather feedback and use the insights gained to improve the campaign. This surge in digital marketing activities has increased the demand for automation tools in the region. 

Marketing automation allows for the management of a large volume of social media statistics and data related to the customer base. This has led to the increasing awareness among regional businesses about data management platforms (DMPs) including Salesforce DMP, Lotame, and Oracle DMP. These DMPs assist marketers and advertisers in sorting and storing information, collecting, analyzing, and classifying data, and advertising network integration. Additionally, DMPs offer a base to the marketers for providing responsive and scalable workflows and database functions that enable solutions to be leaner and optimized. This further allows companies to monitor and capture the data on potential leads.

Several vendors are venturing into the Asia-Pacific marketing automation software market due to the easy access for them and declining cost of marketing automation software. Companies offering such market tools in the region include Teradata Corporation, Oracle Corporation, SAS Institute Inc., Act-On-Software Inc., IBM Corporation, Salesforce.com Inc., Adobe Systems Incorporated, HubSpot Inc., SharpSpring Inc., and Infusionsoft Inc. They are adopting growth strategies such as product launches, partnerships, and acquisitions to gain a competitive edge over each other and widen their customer base.

In the region, marketing automation software is widely used in the banking, financial services, and insurance (BFSI) and e-commerce industries. In the BFSI sector, marketing executives are adopting this software to attract customers by spreading awareness among them about their protocols, benefits, and schemes. Marketing executives working with financial companies also use the software to target potential customers and simplify marketing complexities. Similarly, e-commerce companies leverage these platforms for generating leads and running advertisements. The booming e-commerce sector in India and China is increasing the demand for the software in the region.

Further, the solution segment of the Asia-Pacific marketing automation software market is categorized into marketing resource management, cross channel campaign management (CCCM), real-time interaction management, content marketing platform (CMP), lead-to-revenue management (L2RM), and through-channel marketing automation (TCMA). Amongst these, the CCCM category accounted for the largest market share in 2017 due to the increasing demand by enterprises for a technology that assists them in analytics and customer data management and with workflow tools for executing, designing, and measuring the performance of campaigns on offline and digital channels.

Most of the marketing automation tools are being deployed on the cloud due to the increasing awareness about the advantages of this technology. In comparison to on-premises deployment, the cloud technology offers benefits such as increased speed, scalability, storage, and convenience. Both small and large businesses are adopting cloud-based marketing automation solutions to improve productivity, increase profits, and enhance security at an affordable price. This is why even most of the investments in new software tools are being poured for those deployable on the cloud.

Thus, the growing preference for social media and digital marketing is generating a high demand for marketing automation tools in APAC countries.

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Increasing Disposable Income Driving Sauces, Dressings, and Condiments Market

 The launch of new flavors, introduction of low-fat substitutes, rise in the utilization of organic and natural ingredients, and increasing willingness of consumers to try international cuisines. On the basis of type, the market is divided into dips, table sauces, pastes & purees, pickled products, cooking ingredients, and others. 

Among all these, the table sauces division contributed the largest revenue share of more than 30.0% to the market in 2017, as table sauces are utilized extensively with snacks and fast foods as instant accompaniments. Table sauces are further of different types, namely horseradish sauce, chili sauce, mayonnaise, soy sauce, oyster sauce, mustard sauce, and barbecue sauce. The demand for tomato sauce has been the highest in the past among all the table sauces. 

The cooking ingredients division is predicted to grow at the fastest pace during the forecast period, owing to the increasing preference for home-cooked meals. When distribution channel is taken into consideration, the sauces, dressings, and condiments market is categorized into convenience stores, specialist retailers, supermarkets/hypermarkets, and others (which include internet retailers, non-grocery specialists, and mixed retailers). Out of all these, the convenience stores category is projected to register the highest CAGR during the forecast period, both in terms of value and volume. 

Geographically, the sauces, dressings, and condiments market was dominated by Asia-Pacific in 2017, as the demand for Mexican and Chinese cuisines is increasing. Young people, especially, are becoming more and more open to experimenting with new types of foods. Owing to the fact that international cuisines make wide usage of sauces, dressings, and condiments for preparing food, their demand is rising as well. Japan dominated the regional domain in 2017, as these products are used in traditional cuisine of the country. 

The increasing disposable income of people is a major driving factor of the sauces, dressings, and condiments market. With globalization, the penetration of international cuisines has been rising all across the globe. People are becoming increasingly interested in trying out different kinds of cuisines, and improvement in the spending power of people, particularly in emerging economies, is enabling them to do the same. This is further leading to the growth of the market.

A key trend being witnessed in the sauces, dressings, and condiments market is the rising requirement for gluten-free and organic sauces. People these days are extensively becoming health-conscious, and hence are trying to cut back on foods that can have negative impact on their bodies. Due to this, the demand for gluten-free diet has increased. In addition to this, food & beverage companies that were conventionally offering sauces and other such products with gluten are now focusing on developing gluten-free products. 

In conclusion, the market is growing due to the rising disposable income of people and increasing focus towards organic and natural food choices. 

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Why is Commercial Electric Vehicle Market Making Huge Advancements in China?

 The decreasing costs and improving operational efficiency of Lithium-ion batteries are some of the biggest factors causing the increasing adoption of commercial electric vehicles across the world. As per the industry experts, the average cost of lithium-ion battery packs for bulk orders decreased from approximately $642/kWh in 2012 to almost $209/kWh in 2017. As batteries account for nearly 40% of the total manufacturing cost of a commercial electric vehicle, their declining prices will significantly boost the manufacturing and sales of the commercial electric vehicles.

The other major factor responsible for the ballooning sales of commercial electric vehicles is the lower operational costs of these vehicles as compared to the conventionally used fossil fuels-powered vehicles. In addition to this, their numerous environmental benefits are increasing their popularity in several countries, especially the developing nations which are dealing with soaring pollution levels and environmental hazards. According to the Indian Infrastructure Publishing, an electric bus saves $365,000 of diesel fuel during its entire life cycle and $225,000 of compressed natural gas (CNG).

Driven by the above-mentioned factors, the revenue generated from the worldwide sales of commercial electric vehicles is expected to rise from $144.5 billion in 2017 to $362.7 billion by 2025. The global commercial electric vehicle market is predicted to advance at a CAGR of 13.3% during the forecast period (2018–2025). There are two types of commercial electric vehicles available in the market — electric buses and electric trucks. Of these, the electric trucks recorded higher sales in 2017. This is owing to the banning diesel trucks in many countries and the burgeoning demand for the transportation of goods around the world.

On the basis of batteries, the commercial electric vehicles are classified into lithium–nickel–manganese–cobalt oxide (NMC)-battery-powered vehicles and the vehicles running on lithium–iron phosphate (LFP) batteries. Between the two types of batteries, LFP batteries are predicted to register higher sales in the market during the forecast period. This is mainly ascribed to the fact that the LFP batters are safer than the others and are therefore preferred more by both manufacturers and consumers than the NMC batteries. 

Geographically, the Asia-Pacific (APAC) region is expected to observe the highest and fastest growth in the adoption of commercial electric vehicles during the forecast period. In this region, China is currently witnessing the highest sales of commercial electric vehicles, owing to the presence of favorable government policies for commercial electric vehicles in the country. The commercial electric vehicle market is also observing huge progress in other APAC countries such as India, on account of the existence of several government policies and measures promoting the deployment of electric buses in private and government fleets, in the country.

Hence, it can be said with full confidence that the demand for commercial electric vehicles will rise considerably throughout the world, in the coming years, because of the declining prices of the Lithium-ion batteries, increasing pollution levels, lower operating costs of these vehicles than the fossil fuels-powered vehicles, and the presence of favorable government policies regarding the deployment of commercial vehicles in several countries.

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How Is Epoxy Coating Usage Fueling Polyetheramine Consumption?

 Polyetheramines are colorless curing agents, which consist of polyether and amine moieties, and are used to increase the flexibility, toughness, hydrophobicity, or hydrophilicity of a variety of products. The application areas of this substance include resins, polyurea, epoxy coatings, composites, elastomers, inks, sealants, polyamides, and adhesives. Epoxy coatings are, in turn, used in fiberglass, carbon fiber, and several other composite materials. Polyetheramines are also utilized as fuel additives for cleaning carburetors, valves, and injectors.

Among these, epoxy coatings are the most widely used products containing polyetheramines. Epoxy coatings and durable coatings can be used for durable paints, fiberglass, carbon fibers, and strong adhesives and coatings for metals and floors. These coatings are also used to seal the surface of fresh concrete and prevent the rapid loss of moisture. Other uses of polyetheramine include demulsification of oilfields, acid neutralization, and cement additives. Thus, the key industries that consume polyetheramine-based products are paints & coatings, automotive, and construction. 

The widening application base of these products and growing end-use industries will accelerate the polyetheramine market progress at a CAGR of 10.5% between 2016 and 2022. Ad per P&S Intelligence, the market revenue stood at $660.4 million in 2015. The spurring demand for epoxy coatings and composite materials will boost the requirement for polyetheramine, globally. Moreover, the expansion of the manufacturing sector, especially in developing countries, will amplify the consumption of this substance.

Globally, the Asia-Pacific (APAC) region consumed the highest quantity of polyetheramines in the past. This was due to the spurring demand for polyuria, polyamides, and epoxy curing from the paints and coatings industry. Moreover, the rising need for polyetheramine in the agriculture, adhesives & sealants, construction, and automotive industries of India, Thailand, Malaysia, and Indonesia will boost its production in the coming years. In recent years, China has emerged as the largest consumer of polyetheramine in the region.

In the coming years, the APAC polyetheramine market will also witness significant growth, wherein China would be the largest contributor, followed by India. The notable growth of end-use industries, such as resins, epoxy coatings, and adhesives & sealants in the region is fueling the consumption of polyetheramines. Additionally, the escalating demand for fuel additives, paints and coatings, and composites will increase the requirement for this material in the foreseeable future.

The demand for fuel additives in the region is driven by the rising sale of automobiles. With people becoming richer, they are spending more than ever on luxury goods, such as automobiles. Moreover, the rising awareness on the role of fuel additives in increasing the fuel economy of vehicles is propelling the consumption of such materials. Being the most-polluted region in the world, APAC has a strong need to cut down its greenhouse gas emissions, which is another area where fuel additives are helpful.

Thus, the growing requirement for epoxy coatings in various end-use industries and rising need for fuel additives will boost the production of polyetheramines in the foreseeable future.

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What are Key Factors that would Contribute to Surge of Self-Monitoring Blood Glucose Devices Market in Asia-Pacific

 Owing to the soaring geriatric population and the rising prevalence of obesity and diabetes mellitus in several countries, the demand for self-monitoring blood glucose (SMBG) devices is expected to rise in the coming years. As per a report by the United Nations Department of Economic and Social Affairs (UNDESA) on the worldwide ageing population, the population of people aged 60 years and above is increasing at a huge rate. The share of the geriatric population across the globe recorded a huge increase, to 11.7% in 2013 from 9.2% in 1990, and it is predicted to increase to 21.1% by the end of 2050.

The increasing awareness about diabetes and its numerous complications, such as diabetic foot ulcer and delayed wound healing, is another major factor propelling the adoption of SMBG devices across the world. For instance, the International Diabetes Federation (IDF) conducted an event in Hyderabad, India in October, 2018, called ‘IDF Diabetes Complications and Foot Congress’ for increasing the awareness regarding diabetes and its complications and management methods amongst the people of the city.

Self-monitoring blood glucose devices are extensively used for monitoring type-1 and type-2 diabetes. Of these, the utilization of these devices for the monitoring of type-2 diabetes is predicted to register faster growth in the years to come. This is mainly ascribed to the increasing incidence of type-2 diabetes amongst adults, especially on account of the fact that out of all the diabetic cases in adults, around 90% to 95% are of type-2 diabetes. People who have it either make too less insulin or are unable to utilize the hormone, leading to glucose imbalance.

Asia-Pacific (APAC) is expected to record the fastest growth in the adoption of SMBG devices during the forecast period. This is primarily attributed to the rising incidence of type-2 diabetes, soaring geriatric population, and increasing government investments on healthcare, in the region. As per the International Diabetes Federation (IDF), around 82 million adults in Southeast Asia in the age group of 20–79 years were living diabetes in 2017. Moreover, the improving healthcare infrastructure is expected to further fuel the progress of the self-monitoring blood glucose devices market in the region.

Thus, it can be certainly said that the need for SMBG devices will increase around the world in the coming years, mainly on account of the escalating incidence of diabetes, surging geriatric population, booming healthcare sector, and rising awareness about the disorder amongst the people.

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How Is Aging Propelling Durable Medical Equipment Demand in Europe?

 The European Heart Network (EHN) estimates that cardiovascular diseases (CVDs) are responsible for 3.9 million deaths in Europe each year. Furthermore, the Cancer Atlas reveals that nearly 3.9 million new cancer cases and around 1.9 million cancer deaths were recorded in Europe in 2018. Additionally, the World Health Organization (WHO) states that approximately 60 million people in Europe are living with diabetes. The growing prevalence of such chronic diseases will create a huge requirement for durable medical equipment (DME) in the region.

Currently, a range of durable infusion pumps, oxygen equipment, vital sign monitors, blood glucose monitors, wheelchairs, walking aids, scooters, toilet rails/frames, stretchers, medical beds, and patient lifts and lift chairs are manufactured by Invacare Corporation, Medline Industries Inc., General Electric Company, Hill-Rom Holdings Inc., Johnson & Johnson, Arjo AB, Stryker Corporation, Abbott Laboratories, DeVilbiss Healthcare LLC, Medtronic plc, Koninklijke Philips N.V., Handicare Group AB, Becton, Dickinson and Company, Siemens AG, and Sunrise Medical.

In recent years, they have introduced new products to cater to a greater number of end users. For instance, in April 2018, Permobil AB introduced Precision Lock Back Angle Adjustment, which allows for an exact fit, with effortless adjustment, in a wheelchair. This allows for modifications while the patient is seated on the chair, thereby reducing unnecessary transfers. Likewise, in July 2018, the company launched TiLite Pilot, a manual mobility solution, for kids, which can be customized as per the growth of the children.

These pieces of equipment are bought by hospitals, homecare settings, and ambulatory surgical centers (ASCs). In contemporary times, hospitals are the largest consumers of DME in Europe due to the mounting government reimbursements for those admitted to inpatient facilities. For example, the EU allows the reimbursement of medical expenses for patients admitted in public and private hospitals. This option is available only for patients who procure treatment in their home countries.

Hence, according to P&S Intelligence, Germany dominated the European durable medical equipment market in the preceding years due to the presence of a large number of hospitals in the country and the high patient footfall here. The Federal Statistical Office of Germany states that there were 1,914 hospitals in the country in 2019. Whereas, the U.K. is expected to adopt DME at the highest rate in the upcoming years owing to the surging life expectancy of people and increasing availability of technologically advanced products in the country.

Thus, the rising cases of chronic diseases and burgeoning aging population will fuel the adoption of DME in Europe. 

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How Much Revenue is Asia-Pacific Electric Three-Wheeler Market Expected to Generate

 One of the biggest factors responsible for the growing adoption of electric three-wheelers in the Asia-Pacific (APAC) region is the rising number of government policies and incentives in the form of tax rebates and subsidies, encouraging the adoption of electric vehicles in several countries in the region. For instance, according to the Faster Adoption and Manufacturing of (Hybrid &) and Electric Vehicles (FAME) in India, the government is offering subsidies in the range of $370–$900 on the purchase of electric vehicles in the country.

 

The other major factor fuelling the rise in the demand for electric three-wheelers in the APAC region is the low ownership costs of the electric vehicles. The operational expenses associated with an electric three-wheeler are almost 6 times lesser than that of the vehicles running on diesel/gasoline, on account of the lower costs of the stored electric charge than the gasoline. Moreover, the maintenance cost of an electric three-wheeler is also lesser than that of the diesel/gasoline powered vehicles and this further pushing their demand in the region.

Electric three-wheelers are either powered by sealed lead–acid (SLA) batteries or lithium-ion (Li-ion) batteries. Of these two types of batteries, the SLA batteries registered higher sales in 2017, as they are cheaper. However, the li-ion batteries, owing to their rapidly reducing prices, are expected to record faster growth in usage in the APAC electric three-wheeler market in the near future. Additionally, the Li-ion batteries offer numerous advantages over the SLA batteries such as lighter weight, higher energy density, much lower environmental damage, and greater life span and thus, these batteries are observing soaring demand across the world.

 

The motors integrated in electric three-wheelers operating in APAC come in three power ratings: less than 1,000 watts, between 1,000 and 1,500 watts, and greater than 1,500 watts. Amongst these, electric three-wheelers equipped with motors having power in the range of 1,000—1,500 watts registered the highest sales in 2017. This is primarily ascribed to the operational cost benefits of the electric three-wheelers equipped with these motors. However, due to the rising need for high-speed electric three-wheelers, the demand for higher power motors will rise rapidly in future.

 

Therefore, it can be said with full surety that due to the rising need for eco-friendly modes of transportation and the presence of numerous government incentives supporting the adoption of electric vehicles in several APAC countries, the demand for electric three-wheelers will boom in the APAC region in the coming years.

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What is Trendy in Shower Glass Doors

 Attaining your dream bathroom and producing an oasis in your own home isn’t as hard as it seems to you. Just by adding glass shower doors, it is possible for you to promptly advance your bathroom.  For taking it to the next level, consider creating these fashionable shower doors as the focal point in your design.

·        If you desire to advance to a contemporary look, frameless shower doors are really the way forward. With no bulk, it’s an uncluttered design that people love. These are certainly prevalent for glass shower door inclusions, but they also work with tub or partial enclosures. Not only is this design fashionable, but it’s also adaptable and enduring. A frameless shower door can uplift any shower design.

 

·        Frosted shower doors are coming back in trend. By adding an exclusive design, you can let your nature shine on glass shower door. And all the while, you’re still ordering privacy. Frosted shower doors are handy but can also be fashionable.

 

·        A partial enclosure is effectual and appears sleek. These are correspondingly very purposeful. Your go-in-the-shower won’t have any shelf to go beyond. This gives a feeling of having a spa right in your home. With no moving parts, you won’t have to be concerned about splashing around of water.

 

·        These days, saving space is the desire of everyone. Corner showers are just a perfect solution for that. Or, if the shower is not located in the corner already, you can use bifold doors or sliding glass doors. The way in which the glass shower door is equally important to the kind of shower you choose.

 

·        French shower doors are not just a great enunciation piece for your dining room or living room. You can always consider French glass doors as the shower door. These are indeed hot and trending in the contemporary scenario but are similarly everlasting and classy at the same time.

 

·        Having a towel, and bar handle combo isn’t an inclination, just something that should be on each glass shower door. You don’t desire to have water splashing everywhere when you go to reach for your towel that’s just out of reach. In its place, make sure you have a handle and towel bar combo installed.

 

·        If you choose to go with an enclosed or semi-framed shower, it’s becoming prevalent to make use of gold and brass inflections on the pivots. People love mixing of metals in their bathrooms, also. Some individuals have copper fittings, but gilded frames. Those warm accents are making a retaliation and we love it

 

Mexico is a country that has a developing tourism industry and construction industry. These two factors have a lot to do with the growing demand for glass shower doors in Mexico. The value of the market will reach about $483 million in 2030.

 

 There are a lot of trends like the ones mentioned above pertaining to the glass shower doors in not only Mexico but the whole world.

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Mexico Set to Witness Rapid Surge in Demand for Enterprise Asset Management Solutions in Future

 The increasing usage of enterprise asset management for the effective utilization of assets and the growing requirement for reducing the operating costs are the main factors fueling the popularity of enterprise asset management solutions in North America. Enterprise asset management solutions for the optimum asset utilization include maintenance agreement management, asset inventory tracking, tracking of invoice charges and meter readings, analysis of funding and invoice information, and the examination of trends in excess charges and invoice payments.

With the help of such solutions, the enterprise asset management system creates various dedicated reports that allow the decision-makers to compare the predicted billing and invoice amounts and view each group of assets or asset to identify unusual activities for reducing the incidence of frauds, abuse, and waste. Besides these, enterprise asset management solutions also allow businesses to reduce the operational costs by increasing the return on investment (ROI) from equipment and plant.

Assets maintenance, repair, and operations (MRO) is predicted to demonstrate the highest growth in the future. When industry is taken into consideration, the North American enterprise asset management market is categorized into oil and gas, government, healthcare, manufacturing, transportation and logistics, and energy and utilities. Amongst these, the healthcare category is predicted to exhibit the fastest growth in the market in the upcoming years, on account of the rising requirement for asset tracking and medical equipment management in healthcare facilities.

The North American enterprise asset management market is predicted to register the highest CAGR in Mexico in the forthcoming years. This would be because of the rapid expansion of various asset-intensive industries such as manufacturing, oil and gas, and transportation and logistics in the country. In 2017, the oil industry in Mexico accounted for over 30% of the total government revenues. EAM solutions allow the efficient management and planning during production and drilling.

Therefore, it can be inferred that the popularity of enterprise asset management solutions would explode in North America in the forthcoming years, mainly because of the rising requirement for effective asset utilization and management among businesses operating in the region.

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FIFA World Cup 2022 Set to Propel Demand for HVAC Maintenance Services in Qatar

 The expansion of the construction industry is one of the biggest factors responsible for the soaring demand for heating, ventilation, and air conditioning (HVAC) services in Qatar. Moreover, with the sharp surge in infrastructural development and construction activities, the HVAC industry is exhibiting rapid expansion in the country. The industry is predicted to grow at nearly 7.7% rate between 2018 and 2023. Furthermore, the construction industry registered a year-on-year growth of 20% from 2017 to 2018.

The industry was being driven by Qatari government’s National Vision 2030, under which, the government plans to develop non-oil sectors in the country in order to reduce the country’s reliance on the oil and gas industry and to develop infrastructure for hosting the FIFA World Cup 2022. Some of the major construction projects launched recently in the country are Sheraton Park (2016), Hamad International Airport (2014), and Sidra Medical Research Centre (2018).

The country also hosted the World Athletics Championships in 2019, which created lucrative growth opportunities for the HVAC maintenance service providing organizations in the country. This event attracted a large number of tourists and was responsible for the construction of several new hotels and resorts. Moreover, it fueled the expansion of the tourism and hospitality sector and the food and beverage industry in the country. This pushed up the demand for HVAC systems and associated maintenance services in the country.

Due to the aforementioned factors, the Qatar heating, ventilation, and air conditioning (HVAC) maintenance service market is demonstrating rapid expansion. Out of the heating, ventilation, and cooling systems, the sales of the cooling systems were found to be the highest in the country in the past years. Variable refrigerant flow (VRF), split units, room ACs, ducted split/packaged units, and chillers are the most widely used cooling systems in the country. 

Amongst these, demand for the maintenance of ducted split/packaged units was the highest during the last few years. Depending on end-user type, the Qatar HVAC maintenance service market is divided into residential, industrial, and commercial (commercial buildings/offices, supermarkets/hypermarkets, and healthcare, transportation, government, and hospitality organizations) categories. Amongst these, the commercial category recorded the highest growth in the market in the years gone by, due to the huge requirement for HVAC maintenance services in commercial buildings and offices in the country. 

On the other hand, in the future years, the hospitality sector will exhibit rapid expansion in the Qatar HVAC maintenance service market, as per the estimates of the market research company, P&S Intelligence. As the country prepares for the FIFA World Cup 2022 and Vision 2030, the hospitality industry will exhibit unprecedented growth. According to reports, the country will witness the construction of 62 hotels, including 7-star, 5-star, and 4-star hotels, and 13,733 guestrooms in the coming years.

Hence, it can be said with full surety that the demand for HVAC maintenance services will shoot-up in Qatar in the coming years, primarily because of the soaring usage of HVAC systems and the boom in the country’s construction and hospitality industries. 

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With Cell Fusion and DNA-Recombinant Technologies, Biopharmaceuticals Ensuring You Get Personalized Medications Having Minimal Side-Effects

 The rising prevalence of neurological disorders is rapidly becoming a major health problem across the world. According to the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) 2016, neurological diseases were the main cause of disability-adjusted life years (DALYs) in people and the second-major cause of deaths in 2016. The study also found that the total number of DALYs and deaths caused due to neurological disorders grew by as much as 15% from 1990 to 2016.

This growing incidence of neurological disorders is massively pushing up the requirement for biopharmaceutical products. This is because these products have been found to be very useful for the management and treatment of several neurodegenerative disorders. Moreover, unlike the conventional medications, these drugs can be directly administered into the brain of a patient. Apart from neurological disorders, the rising prevalence of cancer and infectious diseases is also boosting the demand for biopharmaceuticals across the globe. 

With the growing popularity of these drugs, medical researchers and scientists are conducting extensive research and development (R&D) activities in these products which will help them develop more technologically advanced biopharmaceuticals in the coming years. Furthermore, these rapid technological innovations and advancements are significantly increasing the survival rate of cancer and hepatitis patients all over the world. Many companies are making huge investments in the development and production of biopharmaceuticals. 

The main purpose behind these massive investments is to formulate medications and treatment procedures for many fatal diseases, especially the ones whose prevalence is rising at an alarming rate throughout the world. In addition to this, these investments are also being made for facilitating the mass production and commercialization of effective medications that have the ability to treat various life-threatening diseases and improve the survival rate of the patients suffering from them.

Because of the aforementioned reasons, the global biopharmaceuticals market will exhibit rapid expansion in the future, according to the forecast of the market research firm, P&S Intelligence. Due to the growing adoption of sedentary and unhealthy lifestyles and the rising consumption of fast foods, the incidence of chronic diseases is rapidly shooting-up, which is, in turn, boosting the worldwide sales of biopharmaceuticals. Industry experts predict that the oncology applications will generate significantly high demand for biopharmaceuticals in the future years.

Recombinant proteins, recombinant human insulin, colony-stimulating factor, growth hormones, interferon, erythropoietin, purified proteins, vaccines, and monoclonal antibodies are the main types of biopharmaceutical products available in the market. Out of these, the sales of the monoclonal antibodies are currently very high around the world. In the near future, the sales of the recombinant human insulin will soar rapidly, on account of the growing incidence of diabetes all over the world.

Due to the surging geriatric population and the high occurrence rate of chronic ailments, the North American biopharmaceuticals market is currently very lucrative. Furthermore, the extensive R&D activities being conducted in the regional countries, on account of the huge investments being made by many pharmaceutical companies and organizations, and the rapid technological advancements in biopharmaceuticals are causing the development of medications having high efficiency. This is subsequently fueling the sales of biopharmaceutical products in this region.

Hence, due to the growing prevalence of infectious diseases, chronic ailments, and neurological disorders, the surging geriatric population, and soaring investments being made in drug discovery and development, the demand for biopharmaceutical drugs will swell tremendously in the forthcoming years. 

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Demand for Blockchain in Healthcare Predicted to be Highest in Europe

 These days, enterprises are increasingly witnessing data breaches and hence are looking for solutions that can aid in securing data. Since a lot of companies deal with sensitive information regarding their customers, governments across the globe are also implementing various strict regulations for safeguarding this information. For example, a new European Union (EU) data protection rule came into effect in May 2018, namely the General Data Protection Regulation, which aims at protecting the citizens of EU from data and privacy breaches. Because of such regulations, companies in several industries, including the healthcare industry, are investing in data security solutions.

The major end users of the blockchain technology in the healthcare industry are healthcare payers, pharmaceutical companies, and healthcare providers. Out of all these, pharmaceutical companies are projected to make the most use of the blockchain technology in the years to come. These companies are increasingly adoption and exploring the blockchain technology, primarily in the areas of drug discovery and clinical trials and supply chain management. For example, Pfizer Inc. is a member of the MediLedger Project, which is a decentralized and open network for the pharmaceutical supply chain.

Geographically, North America made the most use of the blockchain technology in the past, however, the European region is projected to emerge as the largest blockchain in healthcare market in the near future. This is particularly ascribed to the fact that a large number of public and private sector players are widely implementing various blockchain initiatives in the region. Other than this, the use of the blockchain technology is also expected to increase considerably in the Asia-Pacific region in the coming years, owing to the unmet needs in areas of drug supply chain management and clinical data exchange and interoperability.

In conclusion, the demand for the blockchain technology in the healthcare industry is g

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What are Factors Responsible for Boom of Global Waste Heat Recovery Market?

 The ability of waste heat recovery to reduce the cost of operations in numerous industries is one of the major factors responsible for the surge in the demand for waste heat recovery across the globe. Since the last few years, there has been a huge increase in the cost of input energy materials such as oil and gas, electricity, and coal and this has consequently increased the operational cost of an industry. Waste heat recovery promotes efficient utilization of the available energy and provides climate protection solutions, thereby leading to sustainable development.

The other major factors boosting the adoption of waste heat recovery techniques in industrial processes are the rising government initiatives aimed at encouraging the incorporation of waste heat recovery for promoting the efficient use of energy and reducing the pollution levels, technological advancements in waste heat recovery processes, and the enactment of strict laws and regulations by the governments of several countries for reducing the greenhouse gas emissions. Driven by these factors, the global waste heat recovery market is expected to register huge growth in the coming years.

Waste heat is widely generated from several industrial processes, such as fume incinerator, cooling water from furnaces, combustion engines, exhausts from glass melting furnaces, convective, radiation, and conductive heat losses, combustion and cement kiln, and processes off-gases. Waste heat recovery systems play a major role in reducing the waste heat loss. In waste heat recovery processes, the waste heat is captured and then reused for various purposes in a plethora of applications such as load preheating, combustion air preheating, water preheating, space heating, steam generation, and power generation. 

There are various kinds of heat recovery systems commonly used, namely heat recovery steam generators, turbines, and mechanical warming boilers. Waste heat recovery processes and systems are used in a wide array of industries such as petroleum refining, casting, pulp, and paper, cement, chemical, and metal production, and natural gas compression. The petroleum refining industries recorded the highest utilization of waste heat recovery methods in 2015 and this trend is expected to continue over the next few years.

Globally, Europe registered the highest adoption of waste heat recovery systems and processes in the past, owing to the presence of a large number of environmental regulations aimed at curbing harmful industrial emissions and the earlier introduction of waste heat recovery technology in this region. Asia-Pacific (APAC) is expected to record rapid growth in the adoption of this technology in future, primarily on account of the flourishing cement industry in the region. The presence of strict environmental regulations and the huge energy demand are the other factors propelling the growth of waste heat recovery market in the region.

Therefore, it can be concluded that due to the burgeoning need for effective energy utilization and rising awareness regarding environmental pollution caused by industrial emissions, the demand for waste heat recovery technology will surge in future.

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