Monday, 21 June 2021

Dental Equipment Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 We all have seen those advertisements that show kids jumping into candies and chocolates, only to scream in pain as their tooth starts to give them trouble. What next? Changing your toothpaste? That’s what they show us; but what happens if the problem is too severe? Well, then straight to your 2:30 appointment at the dentist. And we all have been to the dentist’s office at some point of time. Our visits may range from a regular dental checkup, to having an aching tooth removed, having out teeth whitened, or getting braces fitted. Whatever it is, dentists go a long way in keeping our teeth in good shape, no pun intended.

Dental Facilities Solve our ‘Teething’ Problems

The data from CDC certainly backs up the whatever I mentioned above regarding the importance of dentists. For example, 13.2% children between the ages of 5-19 years had untreated dental caries between 2015-2018. Furthermore, in 2019, almost 65% of adults aged 18 years or above made a visit to the dentist, while this number was even higher at 86% for children between 2-17 years. The high demand for dentists has naturally created a lot of scope in the market for dental equipment, with a number of companies having the required knowledge and expertise to operate in this space. These equipment can be categorized under radiology equipment, lasers, systems and parts, laboratory machines, hygiene maintenance devices, and others. With dentists facing higher volume of visits in recent years, the efficiency, functioning and maintenance of equipment attains prime importance.

COVID-19: Shaping the Industry Future?

The COVID-19 pandemic has had a telling impact on the global market, with governments uniformly implementing lockdowns and social distancing norms for the general population. Dental procedures have been negatively impacted, being as they are classified as non-essential procedures. Furthermore, they have been considered as one of the riskier pathways in terms of being affected by the virus, which has created major challenges for the entire industry. As such, the dental equipment market is expected to witness delayed growth in the coming years. The near future is expected to be characterized by dental establishments trying to procure new and innovative procedures and equipment that can keep away the pandemic from the patients.

Some noticeable trends seen during the coronavirus pandemic, and what they would mean for the coming years, have been tabulated below:

AspectCOVID-19 ImpactPost-COVID Outlook
Physical VisitsThe COVID-19 pandemic had a negative impact on the dental equipment market, as government-induced lockdowns and classification of dental procedures as non-essential led to a sharp drop in physical visits by patients and clients.As governments across majority of the countries have relaxed lockdown norms due to fall in COVID-19 cases, dental clinics have slowly but surely resumed operations, which is expected to drive the industry towards positive growth in coming months.
Equipment SafetyThe Journal of Contemporary Dental Practice states that dental services may be among the last to relaunch in post-pandemic relaxations since procedures are at high risk of transmission.Even as dental procedures make a return, there is a high demand for more safer equipment and tools. It is expected that practitioners will introduce features such as decontamination processes and PPEs, which will positively impact the dental equipment industry.
How Are Dental Equipment Companies Coping?According to PSNet, dentists have been advised to utilize dental hand-piece with anti-retraction function, high evacuation suction and rubber dams, and four-handed dentistry, as a means to minimize droplet splatter and aerosol generation.The requirement of a number of equipment that can ensure safety for both the patient and dentist is expected to drive industry growth in the coming months. For example, A-dec has introduced a number of equipment to ensure proper sterilization at the dental facility. On similar lines, Planmeca has introduced the Planmeca Cleanic 500 air purification system specifically for dental clinics. Such equipment can be expected to become mainstay in the coming years.
What can we expect ahead?

Final Thoughts…

Notwithstanding the substantial impact of the pandemic on the dental equipment industry, it is expected that the market will bounce back in the near future, and the innovations and developments by the major market players will have a huge role to play in this regard. What’s more, in this age of digitization, it is expected that the combination of physical visits and teledentistry will keep the industry in sync with consumers. Furthermore, as medical tourism bounces back, and the geriatric population continues to expand in the coming years, we can expect the dental equipment industry to hopefully thrive in a positive environment.

Biosensors Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Pandemic has led to a boost in demands for testing, and biosensor companies are competing with each other to develop chips that can detect the presence of the coronavirus RNA, antibodies, and antigens

COVID-19 as a Damocles sword hanging right above our heads all the time, no matter where we go, has become a nuisance. What would have happened if we had a testing technique where, we just needed to prick our finger or swab our nose, put the sample on a chip and in matter of minutes it showed us our health status, I just wonder!

To give you all good news, this is where we are heading right now and this is exactly how we remove that sword from over our heads.

Multiple biosensor companies have treated this pandemic as a blessing in disguise and directed all their resources towards inventing those sensors which can monitor patient’s recovery and above all, detect the presence of virus, antibodies and antigen at a quicker pace.

To go on further, let me just set some definitions straight.

What are Biosensors?

Biosensors, as all the other sensors, are analytical devices that are used to detect the presence of something. Biosensors detect the presence of a biological compound, also referred as biological analyte, a biological structure or a microorganism in a living being. It accomplishes this task by converting a biological response from organisms into quantifiable and processable signals.

Why so Important during pandemic?

This pandemic raged on due to the non-availability of vaccine and cure for it. And the only treatment was self-isolation, proper nutrition, rest and medicines for the symptoms. This made detecting the infection quickly a sine qua non for stopping the spread of virus. Therefore, testing quickly with good efficiency was the need of the hour. This makes biosensors extremely important, as they have the potential to detect the presence of virus, antibodies or antigen in a small amount of time with great efficiency.

Market Insights You were Waiting for!

Pandemic affected a lot many markets due to the restrictions placed on global movement of people and freights, and biosensors market was not left out of it. However, as the need for testing and monitoring methods shot up and the restrictions are now being lifted, everything is coming back to normal. In fact, there are lot many new opportunities that found its ways to the market as well. To give you an estimate of the growth market is eyeing, it is expected to grow at a CAGR 7.9% and reach USD 41.8 billion by 2028.

Table below summarizes the state of pandemic impact and post-pandemic outlook in an apt way.

                  Pandemic Impact             Post-Pandemic Outlook
Pandemic affected the production of the sensors, which led to the demand-supply gap. The situation was aggravated due to the logistical issues faced all over the world on account of the lockdown restrictions.With the lifting of lockdown restrictions in multiple countries and initiation of manufacturing processes, the demand-supply gap has been observed to be decreasing and market is steadily picking up pace as time passes.
COVID-19 has generated new market opportunities for the biosensors, as there is a high demand for innovative biosensors that can be used in monitoring the health status of the patients.Biosensors have proved to be a strong dependable rock, when it comes to the detection and monitoring diabetes. Similarly, they are also being looked at for effectiveness in COVID-19 testing and monitoring.
In May 2020, Philips launched the Biosensor BX100 to assist in the monitoring of COVID-19 patients across hospitals. This wireless, wearable biosensor device is specifically designed to detect early deterioration in the affected patients.Rogue Valley Microdevices is a wafer foundry that specializes in manufacturing microelectromechanical systems (MEMS) and sensors, and it is working with several startups scrambling to produce biosensors for coronavirus testing. Two of those companies—Cardea Bio and Hememics—are talking publicly about their work.  
COVID-19 Impact on Biosensors market – A Big Boon

In Conclusion

Yes, similar to every market that suffered due to production and manufacturing halt in addition to logistical issues, biosensors suffered too. However, pandemic also brought slew of opportunities for the market, which are being capitalized on by the major market players, eyeing that exponential growth in the coming years.

Cardiac Rhythm Management Devices Market is Projected to Boost USD 29.9 Billion by 2028: Grand View Research Inc.

 

The second wave of coronavirus turns out deadly all across the world in 2021 than the first in 2020. Although, the vaccination drives are being conducted throughout the world adhering to the guidelines by WHO, the transmission of virus variants is adding more challenge. The cases of cardiac arrests have been mounting up in the elder patients with a high mortality rate driven by sudden cardiac arrests is one of the major concern associated with COVID infection.

An estimated 3.5 lac sudden cardiac arrest cases occur in the U.S. The research led by Penn revealed that there was decreased in stability for survival of cardiac patients during the pandemic. Mainly, this occurred due to the lack of CPR and fear of viral transmission. However, for infected patients, doctors recommend hands-only CPR (under safe conditions) which is a safe and effective way to help them during cardiac arrests. Even though there is a low risk of transmission.

Considering the severity cardiac rhythm management devices can be looked upon as a saviour in life threatening situations.

Simply put, the job of cardiac rhythm management device is to restore normal rhythm/heart functioning in cardiac patients. Cardiac rhythm management devices perform many functions such as bradycardia pacing, defibrillation, pacing for tachyarrhythmias and so on. Any of these implanted device (under supervision of physician) enables the patients to lead normal and active lives. Future projections for developing a leadless yet customized design will be highly innovative. Thus, we can say that the focus will shift from transvenous lead to leadless design in the coming years.

COVID-19 ImpactPost-COVID Outlook
The COVID-19 impact has had a severe impact over cardiology, electrophysiology, and cardiac rhythm management device systems.The cardiac rhythm management devices market is likely to witness some upcoming trends. Medical companies are proactively providing essential supplies despite the existing challenges.
The quality care in patients is likely to get altered amid the line of procedure for COVID affected patients.Abbott Laboratories have partnered with support communities to fight against COVID. By collaborating with the communities, they aim to provide access to medicines, diagnostics, nutrition without any disruption
There was sudden spike in the  cardiovascular cases affected by coronavirus resulting in the growing need for HRCT, electrocardiogram, and other diagnostic tests.Home monitoring will gain traction as consumers are adopting SMART wearable gadgets following RPM (Remote Patient Monitoring) techniques for patients.
Briefing the impact COVID-19 has made on the cardiac rhythm management devices market

Summing up:

As we move forward in 2021 with vaccines against COVID-19, it is likely that we might witness a decline trend in fresh cases all across the world. Hopefully, this will reduce the burden on healthcare systems. On the other hand, patients in a post-COVID phase should still continue with health precautions as advised by their doctors and physicians. This is likely to encourage the use of pacemakers, defibrillators, and implantable devices to monitor heart health in the coming time as remote monitoring and homecare for cardiac patients will be a major norm.

Surgical Robots Market to Witness a Pronounce Growth During 2021 – 2028: Grand View Research Inc.

 COVID-19 has impacted every sector of the world’s economy including healthcare. Along with frontline workers, healthcare workers have also been majorly exposed to the maximum risk of the deadly virus. Due to the COVID-19, elective surgeries have been canceled by the majority of the hospitals to reduce the direct contact of surgeons with the patients. As a result, both patients and hospitals are bearing a heavy loss. And there comes the robotic surgery in rescue wherein there is no fear of social contacting with the patients by the doctors. In this article, we are focusing on FAQs on robotic surgery along with how this market has been affected by COVID-19.

Content

Section -I

  1. What is the history of robotic surgery?
  2. Is robotic surgery better than traditional surgery?
  3. What are the risks of robotic surgery?
  4. What is MAKOplasty?
  5. What is a CMR robot?

Section -II

What is the impact of COVID-19 on robotic surgery?

FREQUENTLY ASKED QUESTIONS

What is the history of robotic surgery?

The actual idea behind the robotic surgery was to conduct the surgery remotely without getting near to the patients. Here are the further details.

  • The first surgical robots were the Arthobot which were capable of positioning the patients during orthopedic surgery by using voice commands. They were made and used for the first time in Vancouver, BC, Canada in 1983.
  • After few years, on 11th April 1985, Unimation Puma 200, an industrial robot, was used by Long Beach Memorial Medical Center in California used to orient a needle for brain biopsy.
  • In 1996, the Automated Endoscopic System for Optimal Positioning (AESOP) introduced a complete robotic surgical system, named ZEUS, with 7 degrees of freedom, motion scaling, and tremor elimination. ZEUS attempted its first surgery (laparoscopic cholecystectomy) in France while the surgeons were located in New York. 
  • Another breakthrough was the Da Vinci robotic surgery/Da Vinci surgical system which was approved by the FDA in 2000. It was capable of doing minimally invasive surgery where the surgeons controlled the process from a console.
  • Today, there have been many other robots developed that can assist in surgery and are commercially available for various surgical procedures across different domains.

Is robotic surgery better than traditional surgery?

Robotic surgery has various advantages and that’s why it is better than traditional surgery. Have a look!

  • With less tissue damage while attempting robotic surgery, patients recover faster.
  • As incisions are very small, hence, patients feel less pain during the robotic surgery, and chances of getting infection after the surgery also reduce.
  • Doctors get access to real images of the operating area as a high-resolution camera is used during robotic surgery. This helps the doctor(s) in taking better decisions.
  • As there is very minimal loss of blood during robotic surgery, hence, blood transfusion also gets reduced.
  • With the help of robots, complex surgeries can be done which is difficult to do with traditional surgeries.
  • The patient’s staytime in the hospital also gets reduced in the case of robotic surgery.
  • Last but not the least, the precision achieved during robotic surgery is very high compared to traditional surgery.

What are the risks of robotic surgery?

Robotic surgery is safe, but not 100%. Having said that, the percentage of risk involved in robotic surgery is very low compared to traditional surgery.

  • There are minimal chances of getting a small infection after the surgery.
  • Alike traditional surgery, there are chances that after the robotic surgery, bleeding can happen which can result in breathing problems as well.

What is MAKOplasty?

Makoplasty is a partial knee resurfacing procedure done with the help of a robotic arm. The robotic arm helps the patients by relieving them from pain caused by joint degeneration due to osteoarthritis. During Makoplasty, the surgeon focus on resurfacing the knee by selectively targeting the part of the knee damaged by osteoarthritis. It is beneficial as during the whole process the healthy bone and ligaments remain untouched.

What is a CMR robot?

CMR Surgical is a company based in Impington which produces a robotic surgery system known as Versius. The company got established in 2014. The Versius is famous because it is the first-ever robot that performs Minimal Access Surgery (MAS/laparoscopic/keyhole surgery). MAS is basically the abdominal operation done with small incisions of 1 cm – 1.5 cm in length. It brings lots of advantages such as reduced stay in the hospital, reduced rate of infection and scarring, reduced after-surgery pain, and increased recovery speed.

 

IMPACT OF COVID-19 ON ROBOTIC SURGERY

The following table will give you a gist of how robotic surgery has been impacted with the COVID-19. Have a look!

S. No.Basis of ComparisionPre-COVIDImpact of COVID
 1.DemandPre-COVID the robotic surgery was less opted by the patients compared to post-covid.To follow the social distancing, robotic surgery has come as a boon. Hospitals are seeing an increased demand for robotic surgery due to the various benefits it offers.
 2.TelemedicinePre-COVID, assistance through telemedicine was negligible.Post-COVID, telemedicine has proved to be beneficial as the non-emergent operations were put on hold to curb the spread of COVID-19. With the help of telemedicine, non-emergency patients are being evaluated, assessed, and counseled remotely. Also, when the non-emergent surgeries will start, these patients would have already done with their pre-operative requirements.
 3.Market SizeSurgical robots market was growing.Surgical robots market declined by 7.7% from 2019 to 2020 majorly because of the closure of elective surgeries.
Rise of robotic surgery during COVID-19

Capnography Devices Market Top Companies, Trends and Growth Factors Details for Business Development

 Capnography is a term which most of us have not heard in our lifetime, but, in the medical community, this is a very common term. As I encountered with this term a few days back, I tried researching on it all the basic questions like what Capnography is, what it is used for, what are its types, etc. but sadly, I couldn’t find all the information at just one-two websites. I had to struggle hard to find all the information. That’s why I thought of writing this article in a FAQ format so that you get all the best quality information in the least amount of time.

The focal point of this article is to talk about the impact of COVID-19 on capnography monitoring devices, however, I am starting with the basic questions. As you understand the basics of it, it will be really helpful to you to understand the “impact of COVID-19” section clearly. So here we go ladies and gentlemen.

Section – I

We will be covering the following FAQs. Click to directly jump to the specific question.

  1. What are Capnography devices?
  2. What is the difference between Capnometry, Capnography, Capnometer, and Capnograph?
  3. What are the three types of Capnography?
  4. How do we measure EtCO2?
  5. What is the normal range of EtCO2?
  6. What causes high EtCO2?

Section – II

Impact of COVID-19 on Capnography Devices

SECTION – I


FREQUENTLY ASKED QUESTIONS

 

Frequently Asked Questions

What are Capnography devices?

That’s the first question even I had in my mind but before I dive straight to the main course, let’s have starters first. Ahm Ahm, I meant let’s look back at the history of Capnography first. *wink*

Capnometry was first used in World War II to monitor the internal environment. Its application in healthcare was first seen in 1950 to measure the amount of carbon dioxide (CO2) released during anesthesia but it was in the early 1980s when it was actually practiced by doctors. Slowly, when the devices started getting smaller in size, Capnography officially marked its presence in the field of anesthesia.

So, by now you would have guessed what’s in the “main course”. Isn’t it? Smart people For better clarity, please refer to the below definition.

Capnography monitor or device is something used mostly in hospitals to keep a check on the CO2 level in the respiratory gases (or the air we exhale) of the patients.”

What is the difference between Capnometry, Capnography, Capnometer, and Capnograph?

Often people get confused with these three terms which are usually used interchangeably. But after reading the definition, you will understand how these three terms differ from each other.

CapnometryCapnometry is the measurement and display of carbon dioxide in numeric form only, i.e., end-tidal and inspired CO2.

Capnography: Capnography is the exhaustive measurement and display of carbon dioxide in not the only numeric format but also in the form of Capnogram (real-time CO2 waveform).

CapnometerThe device which is responsible for measuring and displaying the end-tidal and inspired CO2.

Capnograph: The device which is responsible for measuring and displaying the CO2 in a waveform.

What are the three types of Capnography?

Three types of Capnograph are: Sidestream, Mainstream, and Microstream. Let’s understand each one in brief.

Sidestream: Sidestream monitor is placed away from the breathing passage of the patient. Therefore, it relies on the other monitor connected to the patient’s breathing passage by a tube. Through the ventilator circuit, the gas samples are aspirated from the exhaled gas. Sidestream monitors are specifically used in non-intubated patients.

Mainstream: Mainstream monitor is used in the case of intubated patients wherein it is directly placed at the breathing passage of the patient to measure the CO2. Hence, within a short period, the doctors get the required amount of sample gas which is smaller compared to sidestream monitoring. However, the disadvantage mainstream monitor offer is that it cannot be used in non-intubated patients and it also adds weight to the airway.

Microstream: Microstream is the new type of capnograph that uses molecular correlation spectrography for accurate results. The Microstream monitors also give rapid results and can be used in both intubated and non-intubated patients.

How do we measure EtCO2?

EtCO2 stands for End Tidal CO2. It is the level of CO2 that has been released at the end of an exhaled breath. To measure the EtCO2, you need to consider three things: The EtCO2 value, the respiratory rate (RR), and the waveform shape. The numerical data is easily understandable, however, understanding the waveform shape requires special knowledge, hence, please focus on the information below:

There are 4 phases while we measure the EtCO2. Have a look!

Phase 1: Exhalation will start and the concentration of the CO2 will be zero.

Phase 2: The CO2 will increase gradually as the alveolar gas exits the breathing passage of the patient.

Phase 3: In the 3rd phase, the CO2 concentration will be comparatively constant and by the end of phase 3rd, the CO2 concentration will be maximum.

Phase 4: Inhalation will start and CO2 will reduce to zero again.

What is the normal range of EtCO2?

The normal EtCO2 has the following features:

  • The waveform always starts with zero and ends at zero after the completion of the process.
  • The maximum CO2 is reached with every breath that corresponds to the EtCO2.
  • The width of the waveform depends on the expiratory time.
  • The amplitude of the waveform depends on the concentration of the EtCO2.
  • The normal range of EtCO2 is 5%-6% CO2 which is equivalent to 35-45 mmHg or 4.0-5.7 kPa.
  • Waveform should be rectangular in shape with rounded corners.
  • For adults who are on ventilation, the rate should be 10-12 bpm and without ventilation, the rate should be 12-20 bpm. Children should be ventilated and the rate should be 15-30 bpm and in the case of infants, it should be 25-50 bpm.   

What causes high EtCO2?

The end tidal CO2 can be caused by many reasons. Majorly there are 4 reasons which are enlisted below:

  • Rapid increase in body temperature (malignant hyperthermia)
  • Decrease in metabolic rate
  • Decrease in respiratory rate (hypoventilation)
  • Decrease in tidal volume (hypoventilation)
 

SECTION – II


IMPACT OF COVID-19 ON CAPNOGRAPHY DEVICES

Impact of COVID-19 on Capnography Devices

The following table will help you understand how the capnography market was behaving pre-COVID and how it is behaving post-COVID. Have a look!

S.No.ScopePre-COVIDPost-COVID
 1.Resource AllocationThe Anesthesiologists and certified registered CRNAs (nurse anesthetists) were earlier looking after the Operating Room (OR) patients as surgeries used to happen in that room.Post-COVID, the Anesthesiologists and certified registered CRNAs have been relocated to the ICUs, which have now become COVID-19 units, as surgeries have got canceled due to COVID and their expertise is beneficial for the COVID patient’s recovery.
2.Remote monitoring of EtCO2Pre-COVID, doctors were measuring the EtCO2 in real-time without maintaining any social distancing or working remotely.To follow the social distancing and supporting the conservation of the PPE, capnography devices are connected to a remote monitoring platform, such as Vital Sync remote monitoring technology, to measure the CO2.
3.ScopeThe scope of capnography was limited to monitoring ventilation.The scope has expanded dramatically. Now, apart from ventilation, capnography has been used to access the airway patency and placement, assessment of intervention and treatment effectiveness, assisting in the identification of coagulation problems such as emboli, PE, DVT, etc.
4.Filtration of the capnography sampling lineNot requiredAs the size of the COVID virus is very small compared to the size of aerosol (through which COVID enters the body) droplets, the Anesthesia Patient Safety Foundation (APSF) has created COVID-19 specific resources for filtering the capnography sampling line.
Showing the impact of COVID-19 on Capnography

Conclusion

Capnography is the device that is used by healthcare facilities to monitor the EtCO2. There are three types of capnography: Sidestream, Mainstream, and the latest Microstream. There is a total of 4 phases of measuring the EtCO2 wherein the normal range features zero waveforms at the start and returning back to zero at the end.

The causes of high end tidal CO2 are mainly an increase in the body temperature, and a decrease in the metabolic rate, respiratory rate, and tidal volume. Finally, we have discussed the impact of COVID-19 on capnography devices wherein we found some interesting facts. If you have mistakenly jumped at the conclusion section, please do check out the table to get insights into the impact of COVID-19 on capnography devices.

Sunday, 20 June 2021

Bicycle Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

Bicycle Market Insights in an infographic
Bicycle Market – Riding Growth in all its Glory

                   Nothing compares to the simple pleasure of riding a bike. – JFK

To some it is a means of commuting, to others it is a way to clear their head. To some it helps save environment, to others it helps them keep healthy. And then for some it is a sport, but for me, it is my lifestyle. Cycling has been with me, since my father bought me one when I was just 8 years old. That was the best day of my entire year. I showed it off to my friends, rode it with them to playgrounds, school and then, to college. Some people might say its unfortunate to ride a bike to college, to them I say, To each his own magic!

I used to love every second of it. And still do.

I am sure there are plenty of others like me, just as crazy about cycling as I am. And I am counting on some of them being, a market researcher, interested in the ups & downs of the bicycle market. This infographic blog post is for them. The infographic given below explains about the bicycle market growth drivers in a fun way for you to grasp and take something home with you. Sneak a peek!

To those, who reached till here, I would like to inform you that bicycle market size is anticipated to reach USD 92.49 billion by 2028, registering a CAGR of 7.0% till 2028, according to a new report by Grand View Research, Inc. In addition to this, some other market stats are provided below, for your better understanding.

Some cool market facts to understand –

  • The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations
  • The mountain bicycle segment is anticipated to expand at a CAGR exceeding 7% by 2028. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth
  • Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are attributed to the growth of the electric bicycle segment
  • The men segment is expected to expand significantly at a CAGR of over 7.2% by 2028 as men would continue to outnumber women and kids in terms of opting for a bicycle commute. The number of men opting for bicycle commutation was higher than that of women and kids in 2019
  • Asia Pacific was the dominant regional market in 2020 with a revenue share exceeding 34%. Governments in Asian nations, particularly Japan, China, and Singapore, among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation
  • Leading market incumbents are Accell Group; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd.; and Trek Bicycle Corporation. They dominated the market in 2020 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions

If you want to know more about the growing market of bicycles, please visit Grand View Research, Inc., and ask for a free sample of the report.

Friday, 18 June 2021

Food Processing Equipment Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 

The Start:

Food has been the means of survival for the living beings since time immemorial. While the history of food processing dates back to a million years ago, the food processing techniques have changed throughout the ages.

The industrial revolution in the 20th century has had a large impact on the food processing equipment industry. For example, the industrial revolution resulted in the development of machines in the food industry that reduced the human intervention only to trigger the rise of restaurants and food malls. Since then, the food machineries and equipment have encountered scientific changes throughout the course. Nonetheless, it is worthy to mention the growing significance of digital devices and automation in the food & beverage industry.

Innovation and Trends:

The definition for food processors and food processing equipment can vary with some difference. For example, the most common users of food processors are housewives and domestic helpers wherein cutting, blending, grating, and sorting of food is carried on a single-handed basis in a less time. On the other hand, a food processing equipment can still perform the same operations on an industrial level under different units. The time required differs for output owing to the broader nature and scale of these operations.

With the growing population and ever increasing demand for food in the fast-paced environment in the suburbs, processed foods have gained tremendous popularity. The need for hygiene standards are becoming more stringent with the progress. Simultaneously, the grading methods for the food applications are also getting more diversified in the process, hence, innovative methods are being adopted to improve the quality standards.

For example, the 3D printing technique is looked upon as a game changer in the food industry. The 3D technology is getting more attention as it helps in anticipate in designing a better food product for the end consumption. It ensures the minimal food wastage arising from conventional cooking methods and result in a healthy high-tech food product.

In another instance, the high pressure processing techniques have stood the test of time. It involves a cold pasteurization process with a high isostatic environment for packaged foods. High pressure processing is advantageous because it inactivates the micro-organisms to ensure food safety and enables a better quality of taste, appearance and enhance nutritional value of food.  Also, it aims at resolving the concerns for low shelf life in packaged foods.

Food processing equipment industry in the post-pandemic :

Food industry in the post-pandemic world is likely to witness the most significant changes in terms of automation, sanitation, packaging & delivery and adoption of IT infrastructure. Majorly, the cause and effect analysis anticipates a more clear picture of improvements on safety.

Following are some twists of how food processing equipment industry is likely to appear across geographies in the post-pandemic world.

1. Rebuilding the Supply Chain – The supply chain is expected to strengthen as more emphasis will be given on consumer safety as home stay will be a regular norm among consumers in the foreseeable future. Consumers are expected to shift toward healthy eating options prepared with organic ingredients.

2. The Norm – In the end-user market, takeaways and home deliveries will continue to be a major medium between customers and restaurants. This is more or less expected to continue in the new normal as social restrictions are easing in several countries followed by vaccination drive.

3. Consumer Preference – The transformation in consumer preferences will also trigger more need for automation and digitization in the food production sector. For example, cleaning robots might get deployed to cover sanitation tasks in a cyclical manner. Besides, the small companies might go on a complete automation mode for food packaging.

4. Finding the Right Balance – Manufacturing companies might possibly spend more on setting up new factories to improve efficiency and finding the right balance to suffice the production and distribution load. This move will be based out of finding the right talent to cater to the changing needs. However, going forward intense challenges prevail in finding the right balance.

5. Demand for Processed Foods – Millennial consumers are already stocking up with essential supplies and foods mainly driven and to continue with the lockdown habits. Canned foods, frozen vegetables, cheese, butter, and macaroni, pasta, are some of the common packaged food products preferred by a millennial on a regular basis. In this light, the food manufacturers are benefitting from increase in sales of packaged foods as consumer retention has relatively grown high during the pandemic. The Fast-Moving Consumer Goods  (FMCG) and Consumer Packaged Goods  (CPG) companies are likely to renovate their distribution strategies. Food companies trying to cope with the pandemic situation are relatively delivering more packaged foods with better quality and shelf life.

The Final Word:

We’re not even closer at the end of the pandemic and there is no sign it is slowing down any sooner in the nearest future. While the cost of survival is high at the moment, the food processing equipment industry is constantly trying to find optimum balance between production, supply, and distribution amid the crisis. With more developed quality standards the food processing techniques are likely to cover more ground turning more and sustainable with better alternatives in the coming years.

Dyes & Pigments Market Size Is Expected To Reach USD 51.7 Billion by 2028

Infographic-centric text with statistical data on the market segments.
Dyes & Pigments Market – A Mosaic of Growth Figures

 Colors have a very specific ability to light up your day, even if you’re having a bad one. It is something that will always be in demand. And, god knows, the time we all are going through right now, our morale definitely needs an uplift, no matter where it comes from.

Dyes & Pigments are something that makes any object come to life, it hardly matters what the object is! This positive attribute has made them a very crucial component in several industry types, such as textiles, paper, paints & coatings, printing inks, and leather industry among others. In addition to this, due to growing horizons of real estate and construction, they have observed a ferocious growth. These reasons make it important to know all the insights relate to the market. That’s why we brought you all the market insight deets in a single infographic, Enjoy!

I am very sure, you liked it a lot, because while making it we had lots of fun ourselves. However, you might be having more questions regarding the market, about its market players, and segment wise performances among others. For that, let me give you a parting gift section below, which will put your curiosity to sleep and that too in a peaceful deep sleep.

Some of the important market statistics –

  • In terms of revenue, Asia Pacific led the global market in 2020 and is estimated to expand at the fastest CAGR of 5.8% from 2021 to 2028
  • Increasing product demand from the end-use industries, such as textiles, paper, paints & coatings, construction, and printing inks, is likely to drive the APAC regional market in the coming years
  • Dyes are expected to be the largest as well as the fastest-growing product segment from 2021 to 2028
  • The paints & coatings application segment accounted for the largest revenue share of the pigments market in 2020 and is estimated to maintain its dominance over the forecast period
  • Rising product demand in various applications, such as automotive and marine, is estimated to support the growth of the paints & coatings segment
  • Textiles application segment dominated the dyes market in 2020 with more than 62% revenue share and is expected to continue its dominance throughout the forecast period

Medical Device Outsourcing Market to Grow At a Highest CAGR of 11.2% During the Forecast Period: Grand View Research Inc.

 Today’s Covid-19 pandemic world shows a macrocosm of the challenges for companies in the life sciences field. The global Covid-19 death toll surpassed three million and new cases continue to spike as we head into the second quarter of the year. However, the medical device companies are still striving to adapt to the rapidly changing needs of the healthcare system and the supply chain ecosystem– whether it’s dealing with the decline in sales of elective surgery equipment or struggling to keep up with the mounting demand for ventilators, personal protective equipment, testing equipment, and oxygen cylinders, which has been overwhelming. Therefore, most of the companies have made a shift toward outsourcing R&D services to reduce costs, hasten product market entry, and minimize business risks, and thus fuel the overall market growth.

 On top of that, the medtech industry is working out the optimal ways to respond to the enormous disruptions caused by Covid-19 outbreak that hampered daily working life. Device development, recruitment, sales, quality management, and medical investigations aren’t an optional measure for most device manufacturing companies. Since they want to stay afloat during this extraordinary period of disruption, they have distributed these functions under the yoke of social distancing norms, while wholly justified, making it difficult than ever to collaborate effectually.

As the supply chains adapt to a reformed distanced world, let’s check out the benefits of outsourcing your medical checklist.

Capitalize on resources: Medical device outsourcing empowers OEMs to take advantage of the available third-party resources. It eliminates the need to store or source them locally and is more cost-effective. Countries including China, Korea, and Taiwan are top medical device manufacturers. It is therefore more viable for US-based companies to outsource manufacturing operations overseas.  

Focus on core activities: given the time saved because of outsourcing, companies can better utilize their time and local resources on improving other core activities such as marketing, R&D of new devices, and promotion of existing products.

Data and information security: One of the key pressing challenges in medical device manufacturing activities is the threat of private information breach. In the outsourcing process, companies are becoming more aware and informed to avoid such breaches with the help of security contracts.

Reimbursement policies: The incessant pressure on companies to reduce the product costs is hampering the medical device market. Though there is a protuberant surge in healthcare expenditure, many medical providers are still unwilling to reimburse medical devices. However, reformed reimbursement policies are likely to ace the outsourcing infrastructure in the coming years

Medical Device Outsourcing Market Highlights

  • The contract manufacturing was the leading segment in 2020 with a revenue share of 55.4% and is anticipated to retain its position throughout the forecast period
  • The market is driven by the increasing outsourcing activities by OEMs to third-party manufacturers, particularly in emerging countries
  • Asia Pacific was the dominant regional market in 2020 and can be attributed to the easy availability of skilled human resources

List of Key Players of Medical Device Outsourcing Market

  • SGS SA
  • IQVIA
  • Toxikon, Inc.
  • Eurofins Scientific SE
  • Pace Analytical Services, Inc.
  • Intertek Group plc
  • WuXi AppTec, Inc.
  • North American Science Associates, Inc.
  • Charles River Laboratories International, Inc.
  • PAREXEL International Corp.

Industries need to adopt permanent, long-term solutions to challenges that arose due to the COVID-19 pandemic. Groundbreaking innovations resolving supply chain resiliency, coupled with product supply chain lifecycle management are the vital pillars to pivot adequacy in the face of an unexpected event in the future. Global supply chains are here to stay and investing in building a strong supply base and risk management systems such as predictive supply chain management is considered the best road to tread in the post-COVID world.

mHealth Apps Market Analysis, Industry Size, Share And New Opportunities Till 2028: Grand View Research Inc.

 The spread of the coronavirus has compelled all countries to examine the possibilities provided by modern technology to tackle the pandemic. Scientists and developers are focusing on utilizing technology to save lives, particularly during the pandemic. The silent transmission of coronavirus – caused by asymptomatic persons has been a serious worry in the fight against the COVID-19 pandemic. Using mHealth technology such as mobile applications and wearable sensors to monitor COVID-19 patients and suspected cases, which can help to reduce the pandemic’s impact, is a good strategy to minimize the pandemic’s impact.

Understanding mHealth —

mHealth, when bifurcated stands for mobile health. In layman’s terms, mHealth is the process of providing health care and medication with the help of mobile technologies such as computers, mobile phones, and tablets. The mHealth technology performs activities including collecting vital signs, providing information to physicians, and allowing remote examinations with the help of tablets, mobile phones, and other portable devices.

Mobile health technology is extremely helpful especially in rural places where physicians and nurses may not be available to offer care to the patients. Doctors and nurses operating in these remote locations rely on mHealth for up-to-date medical information, as well as sharing the information with the relevant authorities nearby. Mobile health technology also allows medical students and residents working in distant regions to receive faster training and instruction during health emergencies.

Besides, the COVID-19 pandemic has jolted everyone to an extent that people are overcautious towards their wellbeing. The fear of infection has driven the use of apps and wearables as a way to make people feel safer. With the ever-evolving technology, wearables can now provide reliable input on blood pressure, body temperature, and health signs, which is ultimately restoring people’s sense of relief while also assisting them in tracking their health.

 

Let’s take you through some examples of mHealth apps which have been imperative during the COVID-19 pandemic.

It is believed that the inclusion of key components in mHealth might assist in diagnosis or symptom reporting that can be extremely crucial for infection management. Furthermore, the integration of essential epidemiological data and geographic information on transmittable diseases in a region would allow for case tracking, which can be utilized as an effective tool to prevent infection transmission. These types of mHealth apps can be more successful in delivering health-related information since data can be transmitted quickly and dynamically. During the first global wave of COVID-19 in the first quarter of 2020. Scientists and app developers came together to prevent the spread of coronavirus and developed several apps that were available universally to be accessible via smartphones.

A few of these apps are listed below:

Application Name                Features
Apple COVID-19The app has up-to-date information from trusted sources about the coronavirus disease that is impacting people across the world. It is a simple screening tool to determine what you should do if you are concerned about COVID-19.
HEALTHLYNKED COVID-19 TrackerIt is a Covid-19 tracker app that allows users to self-report symptoms, if they test positive for the virus, alert contacts so that they can seek medical care to prevent spread.
Aarogya SetuThe app was developed by the Government of India to track COVID-19 at the personal and country level. The app also includes the initiatives and updates from the country’s health department regarding the pandemic. 
Coronavirus AustraliaThe app was launched by the Australian government to advise and keep its nationals up to date with official information.
Canada COVID-19The app was designed to keep the local population informed about COVID-19 in Canada. It also provides timely updates and important news and alerts from Canada’s Ministry of Health.

The above mentioned are a few of the most notable apps which were launched during the first global wave of coronavirus. There have been thousands of apps launched including self-monitoring apps that can notify the user of their health status during the pandemic. Moreover, a report by Grand View Research states that the Covid-19 pandemic has led to the increased utilization of mHealth applications across the globe. The upsurge in remote patient monitoring, patient data analysis, and diagnosis is the major factor boosting the adoption of these applications.

How mHealth is helping Health Workers, tackling COVID-19

The pandemic has posed enormous hurdles to countries with poor healthcare systems since many healthcare systems throughout the world are cracking under the weight of COVID-19. Hence, it becomes imperative to leverage technology to help our health care workers.

Let’s discuss through some points how mHealth is proving vital for health care workers during COVID-19:

  • The primary purpose for mHealth in assisting health care workers is in recording and logging cases, as well as providing contact tracing, all this when they are supervised and outfitted with suitable personal protective equipment.
  • Another role that mHealth plays is providing education, training, and supervision to health care workers. With the ever-changing information related to the COVID-19 due to virus mutations, the healthcare workers are required to be updated with the changing symptoms and advisories provided by the government.

How mHealth is assisting in the fight against COVID-19?

  • Practicing Social Distancing while treating the patients affected with coronavirus:

Key global authorities is advocating to reduce physical contact between healthcare workers and patients. It is advised to adopt telehealth services unless it is really important. This would help in reducing the transmission rate of COVID-19.

  • Crowdsourced Health Information App:

The app developers along with health professionals are developing coronavirus tracing applications that run on crowdsourced information. People from all over the world enter their information – travel routes, the likelihood of becoming infected, and so on – so that healthcare experts can track hotspots and carriers.

  • The rising use of healthcare gadgets:

The impact of COVID-19 on the mHealth sector has been impactful. The healthcare gadget market saw a steep rise during the rise of cases globally. People started using applications and wearing masks because they were afraid of being sick. They became aware of their body temperature and health indicators. They began to rely on apps for health screening and awareness. Many companies introduced several healthcare gadgets to reduce anxiety while making consumers aware of their health.

  • The use of AI in medical apps to track and diagnose COVID-19 outbreak:

AI can use demographics, travel, and infection data to estimate where an illness might spread and how quickly it will spread. This information is used by healthcare institutions and governments to act rapidly to contain the spread. Significant mHealth advancements, along with the help of AI and ML apps to screen people and estimate infection risks, have made AI a crucial contribution to recognizing, tracking, and diagnosing epidemics.

What will happen to mHealth in the Post-Covid-19 Era?

Medical communications, such as the treatment of several non-communicable illnesses or the provision of primary care, will be remembered in the post-COVID-19 era. With the adoption of digital health as the new normal during the COVID-19, the world has witnessed a tremendous influence on the global digital health business.

New technologies such as AI, IoT, 5G, video conferencing, and others will strengthen the post-pandemic era to let us all connect with healthcare professionals from across the world in whole new ways. All of this is already happening in real-time in this worldwide epidemic, and at an unimaginable speed.

The adoption of precision health, both in customized and predictive health settings, would be another important change that we will observe in the post-COVID-19 era. We will see how digital technology is being used to enable people to manage their own lives.

Furthermore, in the future, we will realize that the new world of medical infrastructure is extremely different from the one we are currently accustomed to. It would necessitate us to being open to adapt the change.

Finally, one thing is for sure. The mHealth sector is growing at a significant pace, and the change and growth in the mHealth world is going to bring a lot of positive changes to the healthcare sector.

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