Burgeoning Adoption of Advance Digital Technologies Among End-User is Proliferating the Growth of India Predictive Market

The India predictive twin market is anticipated to witnessing astronomical growth during 2020-25. The factors for the growth of the market are burgeoning adoption of advance digital technologies among end-user such as such as internet of things (IoT) for manufacturing and designing, rising investment towards R&D activities in the field of IIoT and increasing demand for cost-effective technologies for product manufacturing. Moreover, the growing internet penetration, paradigm shift toward using sensors in product development coupled with snowballing government initiatives towards the promotion of artificial intelligence (AI) and IoT and increasing application of smart connected devices are also driving the growth of the market. 

 

Based on Application, machine & equipment health monitoring segment is surging at a robust pace in 2019. The burgeoning adoption of predictive twin among the verticals such as aerospace & defense, automotive to undertaken cost-effective operations in industrial manufacturing and escalating adoption of advanced analytics such as big data analytics in predictive twin to predict the default in equipment beforehand.

By End-User, Automotive segment grabbed the considerable market share in the India predictive twin market in 2019 as it is among the early adopter of technologies. The predictive twin’s technology is generally used for designing, maintenance, repair, and overhaul, production, and after service and to predict wear and tear, minimize downtime and to detect failure before it happens which in return saves a lot money for the company. However, the increasing need for connected devices and telematics services due to boost in the production activity and surging adoption emerging technologies such as IIoT, Augmented Reality (AR), Virtual Reality (VR) for designing and manufacturing  are some of the factor propelling the growth of the market in the coming years.

The key players with a considerable market share in the India Predictive Twin market are General Electric, PTC, Siemens, Dassault Systems, IBM Corporation, ANSYS, Microsoft Corporation and Oracle Corporation etc.

Growing Inclination Towards Eco-Friendly Oilfields Chemicals is Burgeoning the Demand for Oilfield Chemicals in UAE

The extensive government spending in the oil & gas industry, escalating presence of international market players in the oilfield chemical market and growing inclination towards eco-friendly oilfields chemicals are anticipated to upsurge the growth of UAE oilfield market in the forecasted period. Moreover, boost in the production of crude oil production, launch of advance oilfield chemicals and rising deep drilling activities both offshore and onshore are placing a significant influence towards the growth of the market in the near future. The outbreak of the COVID-19 has hampered the demand for oilfield chemicals due to slowdown in oil and gas production along with economic turmoil which has curtailed investment in 

oilfield services.

Based on Application, Drilling fluid chemicals captured the majority market share in 2019. The growth of the segment is attributed to burgeoning demand for advance drilling fluid providing extensive opportunities for oilfield chemical manufacturers and rising spending for the development of new component interactions and engineered structures for drilling fluids technology. Hence, this is anticipated to fuel the demand for oilfield chemicals in the forthcoming timeline.

Based on product type, Biocides is projected to attain highest CAGR in the UAE oilfield chemical market by 2025. This is due to surging demand for biocides in offshore operations in order to protect the water muds. However, the demand for demulsifier is also increasing as these are used in the pipelines that to prevent corrosion as demulsifies separates oil and water in the oilfield. Therefore, this is strongly contributing towards the growth of the market in the near future.

The key players with a considerable market share in the UAE Oilfield Chemical market include BASF, Aquaness, Nalco Champion, Clariant AG, Baker Hughes, Dow Chemicals, AKZO Nobel, Al MIHRAB, OILPLUS DMCC, Al Moghera LLC etc.

The Outbreak of COVID-19 has Augmented the Demand for Surface Disinfectant in Saudi Arabia

The Saudi Arabia surface disinfectant market is expected to experience a robust growth in the forecasted period. This is attributed to increasing number of hospital-acquired infections (HAIs) cases and surging demand for surface disinfectant in the verticals such as hospital settings, diagnostic settings due to the outbreak of COVID-19. 

In addition, the rising concern among people regarding the hygiene and safety, laid down of strict regulations for the use of surface disinfectants in medical and healthcare industry and rising investment towards the development of medical infrastructure are fueling the growth of the market.  Moreover, ‘Vision 2030’ the government aims to provide preventive care medicine to tackle crucial issues like HAIs, implement adequate infection control measures, and prevent antibiotic resistance which is projected to proliferate the growth of the market in the forthcoming years.

Based on Composition, Alcohol and Hypochlorite acquired the considerable market share in the Saudi Arabia surface disinfectant market in 2019. Alcohol is effective against spreading to influenza virus and is often used to disinfect small surfaces such as thermometers and also used on external surfaces of equipment such as stethoscopes and ventilators, However, the demand for sodium hypochlorite-based disinfectants adoption is increasing in the hospitals as it is effective in killing bacteria, fungi and viruses, including influenza virus and prevent in further spreading of germs. 

 

The COVID-19 crisis has surged the demand for surface disinfectant in supermarkets and hypermarkets due to easy accessibility and presence of wider range for surface disinfectant. The online retailing has gained pace due to rising internet penetration and inclination of people towards online shopping in the country. However, after the outbreak of pandemic due to the restriction imposed on travel movement which as surged the sales of surface disinfectant in the country through online platform. 

The key players with a considerable market share in the Saudi Arabia Surface Disinfectant market are Colorox Company, 3M, Cantel Medical, Johnson and Johnson, Procter and Gamble, Reckitt Benkinser, Kimberly-Clark, Steris Corporation etc.

Rising Genetic Disorder is Fuelling the Growth of the Global Regenerative Medicine Market During 2020-25.

The Global Regenerative Medicine market is anticipated to grow at a high rate in the forecasted period on account of increasing advancement in monitoring devices and surgical technologies and rising genetic disorders, chronic diseases and diabetes in the people due to the surging adoption of deskbound lifestyles and unhealthy dietary habits.  Along with this, burgeoning government funding towards R&D activities for regenerative medicine, growing elderly populace and rising rate of government association approval for the use of regenerative medicine for the treatment of various disease is strongly contributing to the growth of the market. 

Based on Application, Musculoskeletal Disorders segment grabbed the largest market share in 2019 owing to the burgeoning rate of orthopaedic diseases in ageing population Oncology is growing at a significant rate in the regenerative market in 2019. The growth of the segment is attributed to growth in the incidence of cancer cases, rising government organizations and private companies’ expenditure for the R&D of regenerative & advanced cell therapies and robust pipeline of regenerative medicines for cancer treatment.

Based on Type, Tissue Engineering acquired the majority market share in 2019 due to the increasing incidences of musculoskeletal disorders in the elderly populace which is increasing the adoption of tissue engineering and therapy which help in gene therapy and tissue engineering in orthopaedic surgery.

North America is the dominant region in the Global regenerative market in 2019. US captured the majority market share in North America market owing to the significant rise in the number of diabetic patients and Alzheimer’s disorders, easy accessibility of modern healthcare facilities along with  growing awareness among public regarding the availability of stem cell procedures and therapies effectively curing cancer and diabetes. Hence, this is anticipated to proliferate the demand for regenerative medicine in the forthcoming years.

The key players with a considerable market share in the Global Regenerative Medicine market include Novartis AG, Vericel, Stryker, Spark Therapeutics, Wright Medical, Pfizer, Abbott, Astra Zenca Ltd., Astellas Pharma Inc., Osiris Therapeutics, Mimedx Group, Organogenesis Inc., Athersys, Inc, Acelity Holdings, Inc, etc.

Growing Geriatric Population is Anticipated to Proliferate the Global Dyslipidemia market

The growing prevalence of cardiovascular disease (CVD) among the populace, rising cholesterol abnormalities in developed and lipid lowering drugs in the developing economies, booming aging populace and surging obesity rate in the people due to inactive lifestyle and poor dietary habit of the people is projecting a optimistic impact on the growth of the market in the forecasted period. Moreover, escalating funding towards the research and development of novel drugs, increasing number of dyslipidemias among patients with hypertension and diabetes along with augmenting government investment towards R&D activities for the development of novel drugs, escalating rate of diagnosis test among patient is imposing a lucrative opportunity for the growth of dyslipidemia market in the forthcoming period.

 

Based on Type, Drug segment captured the majority market share in the Global Dyslipidemia market in 2019. Statins dominated the drug segment market due to boost in the demand for statin drugs such as Lipitor and Crestor to reduce the symptoms of cholesterol levels in the body

 

Based on End-user, Hospitals & specialty centers and Medical laboratories accounted the highest market share in the Global Dyslipidemia market in 2019. The growth of the segment is attributed to significant rise in the diagnosis rate of dyslipidemia in hospitable and specialty centers along with burgeoning investment towards the development in cholesterol lowering drugs, rising R&D activities in the medical laboratories in therapeutics area. Thus, this is anticipated to propel the market growth in the coming years.

 

North America captured the largest market share in Global Dyslipidemia market in 2019. United states dominated the North America dyslipidemia market on account of biotechnological developments, growing health care concern about the treatment of dyslipidemia along with surging investment towards improvement in health care infrastructure and burgeoning incidence rates of diabetes and obesity among people due to unhealthy lifestyle.

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.

 

The COVID-19 Outbreak Galvanizing the Growth of GCC Surface Disinfectant Market

The GCC surface disinfectant market is estimated to grow at a high rate over the forecasted period owing to the outbreak of the pandemic COVID-19 which has augmented the demand for surface disinfectant in GCC region and burgeoning incidences of hospital-acquired infections (HAIs) cases in the countries. Furthermore, the burgeoning demand for surface disinfectant in hospital to curb the prevalence hospital-acquired infections (HAIs) and also in and private households due to growing heath awareness and to avoid spreading of the COVID-19 virus. Moreover, advancements in surface disinfectants and presence of stringent regulations for the use of surface disinfectants in verticals is placing a positive impact on the market growth in the forthcoming timeline.

 

Based on End-User, Healthcare Setting grabbed the majority market share in the GCC surface disinfectant market in 2020. The growth of the segment is attributed to the increasing prevalence of hospital-acquired infections amongst patience, booming geriatric population along with burgeoning incidence chronic diseases, and escalating number of surgical procedures. Besides this, the astronomical spread of the COVID-19 virus in the region has augment the demand for surface disinfectant in the hospital setting in order to prevent the spreading of the virus.

 

Based on Type, Wipes segment is projected to witness the largest growth with the highest CAGR in the coming years as these are easier to use and have advantages such as zero water consumption. These are widely used for medical device has lesser chances of cross-contamination compared to liquids.

The key players with a considerable market share in the GCC Surface Disinfectant market include the colorox Company, Ecolab, 3M, Cantel Medical, Johnson and Johnson, Procter and Gamble, Reckitt Benkinser, Sealed Air Corporation, Steris Corporation, Carroll Company, etc.x