The Burgeoning Ageing Populace is Promulgation the Growth of Global Type-2 Diabetes market During 2020-25

Type-2 diabetes is among the fastest growing health concern worldwide, The Global Type-2 Diabetes market is anticipated to grow at an astronomical rate on account of booming ageing population, rising obesity rate in adults and escalating incidences of type-2 cases among people in developing and developed countries. According to the International Diabetes Federation, more than 317 million people have been diagnosed with diabetes, and an additional 187 million are living undiagnosed.

Based on age group, 20-65 age group segment dominated the global type-2 diabetes market in 2019 and is anticipated to maintain its dominance in the forecasted period. The burgeoning levels of obesity in children, adolescents, and younger adults, diminishing engagement in physical inactivity, and poor diet due to hectic lifestyle. According to ADA Journal Diabetes Care, number of people under the age of 20 with type 2 diabetes is expected to increase by up to 49 percent by 2050. However, the surging rates of incidence which escalate the number of type 2 cases in youth to quadruple. Hence, this is projected to promulgate the market growth in the forthcoming years. 

Based on gender, women are anticipated to dominate the global type-2 diabetes market during 2020-25. The market growth is attribute to burgeoning risk of developing gestational diabetes in pregnant as a multiple adverse pregnancy outcome which would further develop into type-2 diabetes. According to IDF, half of women with a history of GDM go on to develop type 2 diabetes within five to ten years after delivery. Thus, it is anticipated to boost the market growth of the type-2 diabetes in the forecasted period.

Asia-pacific region is expected to have higher number of type-2 patient in the forthcoming period owing to the increasing obesity rate in the country such as India, growing aged population, high sugar exposure and sedentary lifestyle of people. Type-2 prevalence has been growing fastest in China. Moreover, the prevalence of overweight and obesity is estimated to remain higher India especially in urban areas, with 32.3% respectively among urban women and 37.1% among urban men by 2040.

The key players with a considerable market share in the Global Type-2 Diabetes market are Merck & Co, AstraZeneca, Novo Nordisk. Bristol-Myers Squibb, Eli Lilly, Sanofi, Boehringer Ingelheim, Pfizer, Takeda, Biocon, Johnson & Johnson etc. 

The Outbreak of COVID-19 has Propelled the Growth of Global Medical Plastics market

The global medical plastic market is growing astronomical rate on account rising expenditure on healthcare industry, burgeoning demand for innovative medical devices and increasing prevalence of disease related to changing lifestyle. Moreover, the outbreak of COVID-19 has accelerated the critical demand for medical equipment such as ventilators, thermal scanners, respirators which further infused the demand for medical plastics such as polypropylene (PP), polyolefin (PE), and polycarbonate (PC) amongst OEM and medical equipment company.

 

Based on Material, engineering plastics segment acquired the considerable market share in the global medical plastic market. Engineering plastic find their application in robotic assistance, AI-driven procedures, 3D printing of medical models as these are chemical & water resistance and have machinability and dimensional stability. However, standard plastic witnessed rapid growth in 2020 on account of COVID-19 pandemic which accelerated the demand for polypropylene (PP) and polyolefin (PE) for the production various critical care system such as ventilators.

 

Based on Application, Medical Disposable segment dominated the global medical plastic market in 2019. The growth is attributed to COVID-19 pandemic which has surged the demand for medical disposable such as medical bags, syringes, catheters, mask in procedural applications. However, the demand for medical disposables such as masks, gloves have also augment among the general public which is strongly contributing towards the growth of medical plastic market in the near future.

 

Asia-Pacific captured the largest market share in the Global medical plastic market. China and Japan accounted the largest market share owing to boost in the healthcare spending by the government, availability of the minimal expense of medical procedures and outbreak of COVID-19 in countries such as China, India, Japan. The upsurge in the demand for medical disposables and medical devices such as testing equipment, medical bags, gloves, masks, ventilators, and personal protective equipment (PPE) is placing an optimistic impact on the growth of the market in forthcoming timeline.

 

The key players with a considerable market share in the Global Medical Plastics market are SABIC, BASF, Eastman, Covestro, Saint-Gobain, Celanese, Tekni-Plex, Solvay, Arkema, Trinseo, DuPont, Lubrizol, Ensinger, GW Plastics, DSM etc.

Burgeoning Adoption Across Vertical is Projected to Accentuate the Global Blockchain market

 The global Blockchain market is expected to witness a high growth in the forecasted period on account of surging adoption of the technology across various in end-user such as financial services, consumer products, media &telecom, healthcare, transportation. Besides this, launch of various blockchain services by the market players, surging venture capital funding in blockchain technology and increasing demand for simplified business procedures are promulgating a significant impact on the growth of blockchain market.

 

Based on Organization, the market is segmented into large organization and small & medium organization. The adoption of blockchain technology in the small and medium (SMEs) organization is growing at a rapid rate in order to simplify cost of operations at a faster rate, improved data security and financial transaction across SMEs.

 

Based on End-User, BFSI acquired the highest market share in the Global Blockchain Market. The growth of the segment is attributed to increasing investment by the banks and financial institution in blockchain technology to enhance the proficiency of financial processes, improve audit transparency and to diminish the risk.

Besides this, healthcare sector is also inclination more towards the deployment of blockchain technology. The technology helps the firm to have a control on illegitimate activities such as illegal production of medicine and counterfeit product also continuously track on the supply chain of healthcare products from production unit.

 

Asia-Pacific grabbed the significant market share in the Global Blockchain market. China and India captured the highest market share in the Asia-Pacific on account of increasing integration of blockchain service the public sector such as banks and financial institutes to minimize the operating cost and execute quicker transaction, rising predominance of blockchain companies along with influx of SMEs and burgeoning application of blockchain solutions for payments & smart contracts.

 

The key players with a considerable market share in the Global Blockchain market are IBM, AWS, Microsoft, SAP, Intel, Oracle, NTT Data, Earthport, Amazon Web Services, Consensus Systems, Huawei, Monax, Ripple, BTL Group, R3 etc.

Distributed Denial of Service (DDoS) mitigation is burgeoning the UAE market

 The UAE managed security services market is anticipated to augment at a CAGR of around 14% during 2020-25. The Dubai government cybersecurity strategy, which aims to grow awareness about cybersecurity and encourage the use of firewalls and other tools etc. is increasing the UAE market. Moreover, a large number of cyber-attack cases in the recent past has helped in rising the adoption of managed security services in several sectors such as oil & gas, Telecom, etc. in the UAE. According to the UAE Computer Emergency Response Team (CERT), the country recorded 343 incidents in 2019.

The construction of smart cities comprises various digital advanced products such as surveillance systems, etc. the use of these products is surging the risk of cyber threat due to the availability of consumer-related data. Therefore, smart city developers are adopting managed security services in the UAE to provide a safe experience of smart cities to customers. Hence, the UAE managed security services market is propelling since 2015.

Based on UAE Managed Security Service, By deployment model: Cloud: The flourishing trend of Bring Your Own Device (BYOD) including smartphones, laptops, and tablets at the workplace, which provide flexibility to employees in working from remote places. This rises the installation of managed security services on a cloud-based system in employees' devices. Thereby, it is expected that this segment would augment in the coming years.

Furthermore, UAE has 96% penetration of internet as per internet world stats, high internet penetration coupled with increasing online trading in UAE supposed to augment the deployment of cloud-based managed security services solutions during 2020-25.

Distributed Denial of Service (DDoS) mitigation is burgeoning the UAE market. The factors that boost the UAE DDoS mitigation market are as follows:

DDoS affect the services and website of government, finance and telecommunication organizations, in UAE. To decline the threat of DDOS, these organizations in the emirates are using DDoS managed security services from the past few years.

OiL and gas enterprises are among those organizations that have a high risk of DDoS attacks in the emirates. The oil and gas companies are using connected devices such as smart meters, etc. that generate enormous data from different production sites that are competitive and sensitive for companies. Therefore, oil and gas organizations are starting to use DDoS mitigation security services in the UAE.

Escalating Adoption of Electric Vehicle is Proliferating the Growth of Green Ammonia Market

The increasing concern of the countries towards the rising pollution level due to rising CO2 emission and to achieve energy transition goals such as zero emission has surged the demand for renewable energy worldwide which further bolster the demand for green ammonia. Furthermore, escalating adoption of electric vehicle propelling the demand fuel, mushrooming investment for the development of green ammonia plant and along with surging application of green ammonia other than power generation, such as for fertilizer production has encouraged the growth of green ammonia market.  .

 

Solid Oxide Electrolysis (SOE) grabbed the majority market share in 2019 due to the snowballing demand for fuel cell to store and use green hydrogen produced by the process of solid oxide electrolysis. Moreover, Alkaline Water Electrolysis (AWE) and Proton Exchange Membrane (PEM) is expected to grow at a steady rate in the forthcoming period.

Based on Application, Energy Storage is projected to grow at a subsequent rate in the forecasted period in order to meet the surging demand of electricity through the storage of energy and reusing it in long-term for power generation and mushrooming investment towards the development of efficient power plants to reduce the greenhouse gas. Zero Carbon Fuel is estimated to attain highest CAGR by 2025 on account of rising electrification of application in transportation sector is mushrooming the demand for carbon-free fuel for transport.

Based on End-User, Transportation segment acquired the significant market share 2019 as green ammonium is increasing use as a main fuel to diminish the greenhouse gas. Furthermore, surging adoption of electric vehicle is placing a positive impact on the growth of green ammonia market.

Power Generation is anticipated to grow at the fastest rate. The growth is attributed to escalating use of renewable energy such as such as solar and wind for the power, burgeoning population along with decrease in the cost of equipment along with burgeoning need for long-term storage for renewable energy is proliferating the growth of green ammonia market.

 

The key players with a considerable market share in the Global Green Ammonia market include Siemens, MAN Energy Solutions, ITM Power, Nel Hydrogen Solutions, Yara International, and Haldor Topsoe.

 

 

Global AI in Precision Medicine Market Analysis

Technological advancements coupled with increasing start-ups with focus on improving the accuracy of diagnosis with medical imaging and diagnostic procedures.

Artificial Intelligence (AI) is gaining momentum in biomedicine. Artificial Intelligence has been integrated in different fields such as business, advertising, photography, etc., and is also significantly being used in the healthcare sector. Artificial Intelligence enables the companies to catalyze the drug development process.

The growth of Global AI in precision medicine market is attributed to the advent of start-ups that are leveraging the Machine Learning algorithms to assist in resolving the key glitches such as plunging time and error costs in drug discovery process, providing virtual assistance to patients and improving the accuracy of diagnosis with medical imaging and diagnostic procedures.

North America dominated the Global AI in precision medicine market in 2019 on account of the availability of capital investments and intensification in the adoption of AI technology. Furthermore, the detection of neurological disorders through AI is speeding at a robust rate. Multiple sequencing consortiums focusing in NDDs were also initiated few years back aiming at identifying disease-implicated variants. Hence, the neuroscience segment grabbed a significant market share in the Global AI in precision medicine market in 2019.

The key players operating in the Global AI in precision medicine market include BioXcel Corporation, Alphabet Inc., Berg Health, General Vision, IBM Corporation, etc. The companies are providing AI technology through collaborations with health institues. For instance, In 2019, UCLA Health collaborated with Microsoft to install its cloud computing powered by AI to advance precision medicine research.

Global Dyslipidemia market is anticipated to grow at a CAGR of around 10% during 2020-25

According to MarkNtel Advisors’ research report titled “Global Dyslipidemia Market Analysis, 2020”, the Global Dyslipidemia market is anticipated to grow at a CAGR of around 10% during 2020-25 due to the growing risk of cardiovascular diseases (CVD) and rising cholesterol levels among the population. Besides this, increasing prevalence of dyslipidemia in developed countries, high rate of heart strokes and ischemic heart diseases in emerging economies such as India and China, and a boost in the discovery of new drugs for the treatment of lipid disorders is projected to infuse a significant impact toward the growth of Dyslipidemia market in the forecast period.

 

Based on type, drug segment acquired the majority market share in the Global Dyslipidemia market in 2019. Statins dominated the drug segment market owing to the escalating usage of statins drugs to reduce the risk of CVD and to control bad cholesterol levels in the body. The demand for Omega-3 fatty acid drugs is also increasing due to accelerating patient inclination toward the use omega-3 fatty acid derivatives for treating hypertriglyceridemia.

 

North America captured the largest market share in Global Dyslipidemia market in 2019 owing to the growing occurrence of diseases in the country, leading to hypercholesterolemia and cholesterol disorders, resulting in advanced levels of health awareness among the citizens. Canada and United States are among the major contributors in the North America Dyslipidemia market on an account of burgeoning number of obese and diabetic patients, initiation of favorable government policies, and growth in pharmaceutical manufacturing, which are anticipated to accelerate the growth of the Dyslipidemia market in the region in the forthcoming period as stated in the MarkNtel Advisors’ research report “Global Dyslipidemia Market Analysis, 2020”. 

 

According to MarkNtel Advisors, the key players with a considerable market share in the Global Dyslipidemia market are Merck, Pfizer, Sanofi, Bristol-Myers Squibb, Abionyx (Cerenis), Cipla, Daewoong Pharmaceutical, Daiichi Sankyo, Novartis, Amgen etc.

UAE Face Recognition Market Analysis, 2020

Facial Recognition is amongst the latest technology, which is used to verify the individuals using their face. The growth of UAE face recognition market is attributed to the rising adoption of latest technology across various applications such as law enforcement agencies, smartphones, etc. In smartphones, the technology is useful in unlocking the phone, signing into mobile apps, and in payment verification.

The increasing adoption of face recognition technology by the law enforcement agencies in the country is anticipated to strongly contribute to the growth of UAE facial recognition market in the forthcoming period. For instance, In 2019, Dubai-based NNTC collaborated with Vuzix to provide multiple security operations with a fully autonomous AI-powered face recognition system – NNTC’s iFalcon Face Control Mobile.

3D facial recognition captured a significant market share in the UAE facial recognition market in 2019 as the 3D facial recognition is least affected with illumination issues. The growth of 3D facial recognition is attributed to the advanced features and the surging accuracy offered by the technology. The increasing integration of the technology for authentication and access control is anticipated to boost the demand for 3D facial recognition.

The major competitors operating in the UAE facial recognition market include IBM, Huawei, Hikvision, NNTC, Emirates Face Recognition LLC, etc.

Increasing construction costs due to soaring materials price and labor wages have negatively impacted the private investment and declined construction activities in the US

The rising integration of advanced technologies such as cognitive computing, augmented reality, IoT and analytics, robots, etc., is anticipated to strongly contribute towards the growth of US facility management market in the forthcoming period. The growth of US facility management market is attributed to the increasing demand from enterprises as the facility management solutions helps them to enhance their revenue margin by improving their overall operational efficiencies. Moreover, the surging construction of new building in the residential and commercial sector is expected to provide more opportunities to the facility management service providers in the years to come.

The commercial sector grasped a considerable market share in the US facility management market in 2019 on account of establishment of new offices in the country. Moreover, in order to focus on the key business activities, the inclination towards outsourcing the services by the organizations is increasing in the country. Therefore, the outsourced facility management segment captured a significant market share in the US facility management market in 2019.

Furthermore, the soft services are anticipated to grab a substantial market share in the US facility management market during 2020-25 due to the rising demand for cleaning services from hospitals, hotels, retail, and educational institutes.

The key players with a considerable market share in the US facility management market include Compass Group PLC, Sodexo Inc., EMCOR Group, CBRE Group, Cushman & Wakefield, G4S PLC, Ecolab Inc., etc.

 

 

Strong economic growth and rising industrialization are few of the major factors driving demand for third party logistics market.

The growth of Southeast Asia third party logistics market is attributed to the development in manufacturing, automotive, e-commerce, and other industries as these sectors involve transportation, warehouse, packaging & labelling, inventory management, freight forwarding, etc.,. along with facilitating these services and on-time delivery of goods and services. Moreover, the increasing demand to lessen overall operational cost and surge the focus on providing timely delivery is anticipated to positively impact the growth of Southeast Asia third party logistics market in the forthcoming period. 

Indonesia and Thailand captured a significant market share in Southeast Asia third party logistics market in 2019. This is attributed to the increasing focus of manufacturing companies on reducing assets and emphasize on core business. In addition, strong economic growth and rising industrialization has led to the growth in consumption of fast-moving consumer goods, automobiles, household items, etc. Hence, it has boosted the retail sales thereby strongly contributing to the growth of third party logistics market in Indonesia and Thailand.

The key players present in the Southeast Asia third party logistics market include Deutsche Post AG, Nippon Express Co., Ltd., C.H. Robinson Worldwide, Inc., Kuehne + Nagel International AG, XPO Logistics, Inc., DB Schenker, etc. The companies are increasingly taking initiatives to gain a competitive edge in the industry. For instance, In 2018, DHL Parcel and DHL eCommerce started providing a solution to the online retailers to fulfil their e-commerce requirements with a global fulfilment platform and new fulfilment centres in the UK, Americas and Southeast Asia.

Global microgrid market projected to surge at a CAGR of around 20% during 2020-25.

Microgrid is an energy distribution network that consists of loads and distributed energy resources, such as renewable energy sources, combined heat etc. It offers an alternative way to smart grid development. Developed and developing economies are inclination more towards the integration of microgrid to have cost-effective reliable power supply and to decrease power outages and blackouts in case of a utility grid disturbance during the peak load. 

The Global Microgrid market is growing at a robust rate and is estimated to attain highest CAGR during 2025. Microgrids acts as an important tool in meeting the growing power demand. The growth of the microgrid market is attributed to technological advancement in the microgrid such as IoT solutions and significant rise in the incidence of cyberattacks cases on energy infrastructure. Besides this, favorable government initiatives to increase the dependence on renewable energy portfolios for the power generation in order to curb the GHG emissions and galvanizing deployment of microgrids in rural area for electrification is placing a lucrative opportunity for the growth of  microgrid market in the forthcoming years.

Based on Connectivity, grid-connected grabbed the majority share in the Global Microgrid market in 2019. The growth factors are attributed to integration of smart grid technologies, mounting inclination towards the usage of renewable sources of energy such as solar, wind energy to curb the emission of greenhouse gases and along with to reduced transmission losses with the help of effective management of grid disturbances and faster response time to load fluctuations.

North America dominated the Global Microgrid market in 2019. US grabbed the largest market share in the region owing to the factors such as burgeoning demand for electricity from rural areas, escalating adoption of clean energy sources and considerable spending toward the expansion of decentralized power systems. Apart from this, the vulnerability to power outages has significantly rise due to cyber and physical threats and aging grid infrastructure across the US. Moreover, boost in the requirement of reliable power supply, growing government initiatives to use microgrid to electrify defense and rural areas in order to improve security against cyberattacks of grid outages and snowballing inclination towards the adoption of distributed power generation technologies is strongly contributing for the growth of Global Microgrid market in the forecasted timeline.

The Global Microgrid Market key players includes ABB, General Electric (GE), Siemens, Eaton, Schneider Electric, Honeywell, HOMER Energy, S&C Electric, Power Analytics, Exelon Corporation