The GCC industrial gases market has been witnessing a massive surge in demand. The applications of industrial gases have grown over the last decade in the GCC region as an increasing number of non-petrochemical industries such welding, refining, pulp and paper, and automotive have come up to boost the economy and reduce the dependency of the region on oil exports. Hence, the GCC industrial gases market is expected to value US$1.2 bn by 2022, rising from US$783.7 mn in 2015. The GCC industrial gases market is estimated to grow at a CAGR of 7.3% by revenue in the forecast period of 2016 up to 2022.
Demand for dairy nutritional and nutraceutical products has grown significantly in recent years. Higher consumption of dairy protein is forcing dairy food processing companies to increase their production volume. Milk is the major ingredient in all dairy nutritional products. The global production volume of milk is increasing perennially owing to the ever expanding application base of the product. Dairy farms owners are adopting advanced dairy farm management systems and deploying latest milking equipment. For instance, introduction of advanced robotic milking technology or automatic milking system that can assist in both herd management and milk production are fulfilling the requirements of lactating dairy. These latest technologies are expected to enhance the essential farm components and farm management systems. Few popular milk-based confectionary items include yogurt and cheese, ice cream, dietetic formulations, desserts, energy bars, infant formulae toppings, baked goods, low-fat spreads, sports beverages, and geriatric nutritional products.
The market for dairy nutritional and nutraceutical ingredients is majorly driven by factors such as increasing awareness on benefits of dairy nutritional ingredients, easy availability of caseinate and caseins and growing demand for milk-based hair and skin care cosmetics. In addition, the steady rise in demand for dairy nutraceutical ingredients from the food processing sector is further expected to influence the overall market growth. Health benefits of consuming such nutritional products may include lower risk of cholesterol, cardiovascular disease, healthy bone growth and improved digestive health.
The Growing Consumer Expectation
Dairy food manufacturers are incessantly increasing the use of ingredients such as dairy protein, prebiotics, colostrum, and nucleotides in their products in order to meet consumer expectation. Modern day consumers are highly conscious about maintaining a fit and healthy body and demand pleasant yet healthy products. Thus companies focus on offering healthier indulgent food and beverages. Innovative ingredients that add both taste and texture in food items are witnessing a healthy amount of success and are being appreciated by consumers. Adding nutritional ingredients such as dairy protein to infant formula, clinical nutrition and functional food greatly improve their food value.
Most dairy food processing companies are emphasizing on offering higher food value to consumers. Thus, structurally modifying functional properties of the ingredients. The companies are employing qualified management staff for further developing and enhancing their products. The ever-increasing quality requirement is resulting in further development of solutions tailored to meet specific customer request accordingly. For instance, Epi Ingredients a leading dairy ingredient producing company based in Europe has recently showcased its latest EPILAC powders at Health Ingredients (Hi) Europe 2016. The powder is available in all-natural premium fermented flavors (fermented milk powder, yoghurt powder and quark powder).
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In 2015, the global sales of dairy nutritional and nutraceutical ingredients surpassed US$ 12 Billion and is anticipated to reach US$ 24.5 Billion by the end of 2024. The market for dairy nutritional and nutraceutical ingredients is relatively larger in North America than other regions. Growing preference for dairy protein ingredients in clinical nutrition, functional food, bakery & confectionaries, infant formula, personal care and dairy products preparation is well supporting the market growth in North America. In addition, the presence of major dairy protein manufacturers in North America is further expected to benefit the market in the region.
An active geriatric population identified with severe hip disorders is characterizing the growing demand for hip replacement surgeries in recent times. Increasing prevalence of hip disorders such as rheumatic arthritis, hip pain due to inflammation, hip bone injuries, hip fractures, osteoarthritis and bone infection, especially amongst the ageing population has significantly influenced the demand for hip replacement surgeries.
Hip replacement surgeries encompass surgical removal of damaged hip bones and replacing them with artificial prosthetic implants, in medical terms, the procedure is called hip arthroplasty. The three most popular types of hip replacement procedures are – hip resurfacing, partial hip replacement and total hip replacement.
Severe joint failures caused by osteoarthritis may require hip replacement surgery as the eventual option. Other major conditions include avascular necrosis, protrusio acetabuli, traumatic arthritis and malignant bone tumors. In most cases, the procedure is undertaken with an aim to improve hip function and relieve pain. When physical therapies and oral medication fail to provide relief, hip replacement surgeries are viewed as the final resort.
Cost of Hip Replacement Treatment
According to Blue Cross Blue Shield, which is a coalition of 36 separate health insurance companies and organizations in the U.S., the average cost of a total hip replacement surgery is estimated at around $31,839 to $44,816. Few medical centers do offer uninsured rebates on such surgeries. For instance, the Hawaii-based Kapiolani Medical Center offers uninsured discounted rate of approx. US$20,212 to US$23,581, whereas, the full cost of treatment is around US$33,000.
Advancement in Technology
Enhanced techniques of hip replacement surgery and introduction of advanced medical devices for undertaking such surgeries have greatly improved patient recovery time. Using the latest modules of hip replacement surgery, patients are discharged from hospitals and clinic within one or two days, if not the same day of the surgery. Innovation in medical technology is enabling clinicians and surgeon to commence personalized arthroplasties surgeries in order to provide optimal results. Moreover, use of advanced surgical instruments also implies higher accuracy and precision, which was not possible earlier. For example, Decatur Memorial Hospital a Georgia, U.S.A based Multicare hospital has recently introduced a low invasive total hip replacement surgery technology. The technology is based on Mako Robotic-Arm Assisted Surgery System, a robotic arm fully controlled by surgeon enabling more precise placement and alignment of implants.
Increasing Prevalence of Orthopedic Disorders
It has been observed that in recent past the number of orthopaedic infirmities across the globe has increased considerably. Amongst the treatment for orthopaedic disorders, hip replacement is quite common, however, surgery success ratio vary widely for long-term and short-term. The current geriatric population is more active than ever and demand instant and effective healthcare solution, unlike the previous generations who had more tolerance towards pain and old age related ailments. Moreover, the latest medical technologies and facilities offer more options, reducing the discomfort of ageing associated ailments. According to the American Academy of Orthopaedic Surgeons, approximately 300,000 hip replacements surgeries are performed annually in the United States.
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Demand for hip replacement surgery is expected to gain traction in the near future. In 2015, the global market for hip replacement was valued at US$ 4601.2 Million. Hip replacement surgery market in North America is expected to dominate other major regional markets. By 2016 end, the region is anticipated to account for over 45% share of the global hip replacement market in terms of revenue.
Europe being a predominant sporting region displays a strong demand for sporting goods. Few of the popular sporting activities in Europe include football, tennis, racket sports, bike sports, outdoor sports, running, water sports, golf, and winter sports. Many of the countries in Europe use sports as an instrument of diplomacy within the international political and socio- economic framework.
The sporting good market in Europe is expected to witness a healthy growth due to factors such as increasing health awareness amongst the masses and higher prevalence of obesity, which is compelling people to take up physical activities. Moreover, ill effects and concerns over modern on-the-go lifestyle and sedentary work culture are influencing people to actively participate in sporting events in order to stay fit and improve the quality of life. Hence, the demand for fitness equipment and gears have significantly grown in the region over the past few years.
Innovation in Sports Gear Manufacturing
Manufacturing of sporting goods has always been difficult. The techniques for manufacturing sports equipment and gears are constantly evolving. As sporting traditions change and evolve, the functionality and use of sporting gears also entail modification. Thus, manufacturers look forward to developing enhanced sporting kits and gears to cater to the requirement of athletes. The industrial manufacturing of sporting equipment has been upgraded to digital, high-tech and innovative methods. In addition, sporting goods manufacturing plants are being upgraded with smart robotic systems and advanced technology such as ‘Internet of Things’ (IoT) in order to make more accurate and efficient products. This, in turn, is expected to create new market opportunities for sports good manufacturing companies in Europe. For example, the bicycle industry has recently introduced a special type of disc brakes, which is currently under trial and awaiting approval from various cycle sports governing bodies in the region.
Demand for Soccer Kit in Europe
Soccer is one of the most dominating sports in the region, the craze for soccer in Europe is overwhelming. Almost all the countries in Europe adore the sport, hence, the demand for soccer kit is relatively high compared to other sports equipment. The trend of soccer kit sponsoring started in the mid-70s when brands like Umbro and Adidas started sponsoring countries such as Germany and Netherlands. While brand such as Le Coq Sportif and Admiral faded away, others have flourished and thrived on the opportunities in the market. Kit sponsoring is proving to be a lucrative form of advertising for the brands and clubs to a massive global audience. Leading companies such as Adidas, Nike and Puma are making significant investments in soccer kit business.
Europe homes some of the premium soccer clubs of the world, which are having a strong fan base not only in the region but across the globe. Hence, jersey sponsorships for these clubs are proving to be an effective marketing strategy for sporting goods manufacturing companies. According to an article published by Forbes, the revenues for soccer jersey sponsorship is expected to hit $930 Million in Europe by the end of 2016. For instance, Chelsea football club has recently completed a kit sponsorship deal with Nike that is estimated to be significantly higher than the deal with their current sponsors Adidas. Likewise, Manchester United completed a deal with Adidas for kit sponsorship, estimated to be nearly £75 Million a year.
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The market for sporting goods in Europe is expected to witness a healthy growth rate in the near future. Furthermore, demand for football kit is expected to remain relatively high in the region, especially in countries such as Germany and England. By 2024, the market for sporting goods in the region is anticipated to reach 187.48 Billion in terms of value.
A blood disorder, hemoglobinopathy is an abnormal hemoglobin structure and one of the common diseases which is inherited. Hemoglobinopathy disorder causes nearly all genetic disorders associated with hemoglobin and is categorized into two types, namely structural hemoglobin variants also known as abnormal hemoglobins and thalassemia syndromes. The most common hemoglobinopathy disorder include hemoglobin C disease, sickle-cell disease, and thalassemia.
Those people who used to only inherit the uncommon hemoglobin gene either one from mother or father are known as “Carriers” and they don’t have inherited disorder and are healthy also. According to World Health Organization, 2.9% of adults are carrier of thalassemia, 5% for hemoglobin condition, and 2.3% for sickle cell. And globally these figures are the result of migration of various groups from different regions. Besides, it was also found that about 1% of couples across the globe are at threat of having children with the blood disorder called hemoglobinopathy.
A hemoglobinopathy evaluation is the process used for detecting abnormal level of hemoglobin as well as protein present in RBCs that transports oxygen. This testing is basically used for screening and diagnosis.
Screening– In all states, there is a need that newly born babies should be screened for certain variations related to hemoglobin. Often, prenatal screening is done on high-risk parents who have an ethnic background related with higher incidences of hemoglobin abnormality and also who are affected through their family members. Screening might also be performed while having genetic counseling which is done prior to pregnancy for determining whether parents are carriers or not. Also, screening is done for identifying variations in asymptomatic parents of affected child.
Diagnosis– In order to identify the blood disorder, hemoglobinopathy, diagnosis is done in those patients having symptoms of abnormal results on CBC (complete blood count).
Globally, the market of hemoglobinopathy is growing significantly due to rapid development of point-of-care diagnostic methods, increasing prevalence of hemoglobinopathies in developed countries, several supportive government initiatives, preventive cost-effective approach, growing disease occurrence in underdeveloped countries and non-governmental organizational funding. However, lack of awareness about hemoglobinopathy disorders in underdeveloped nations, lack of specific diagnostic test and high sensitivity are hindering the market growth of hemoglobinopathy.
Moreover, it has been witnessed that annually there are so many cases of conceptions and deficiency of iron in children owing to poverty conditions which are responsible for boosting the market growth. Highly populated countries are facing problems in accessing healthcare related facilities and lack of awareness related with counselling is hindering the global market. Problems associated with hemoglobin can cause key health issues such as anemia and malaria can be cured if diagnosed at an initial stage.
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Furthermore, owing to development in the sector of healthcare, simple as well as cheap ways of testing new-born as well as adults is performed. In several low income countries, counselling facilities are provided for spreading awareness among people, promoting prenatal diagnosis as well as reassuring child’s birth. In the US and Europe region, most health insurance organizations, under the CPT code, provide health insurance coverage for the therapy of hemoglobinopathy which creates a positive environment for the market growth globally.
Medical adhesives are mainly found in medical and surgical tapes, bandages, medication patches and various types of wound care products. A few no. of people also get allergic reaction with these medical adhesives and this is not owing to skin allergy with this adhesive. The reason behind this reaction is the non-allergic irritation triggered by chemicals present in the medical adhesive. And this condition is called irritant contact dermatitis which virtually appears similar to an allergic skin reaction and therefore the confusion created due to this is not surprising because it is very rare to have allergy with the medical adhesive.
Factors that are driving the market growth of medical tapes globally include expanding innovation, growing HAI (Healthcare Acquired Infections incidences, concern among clinicians about patient safety, extensions of product line from manufacturers and development of single patient use tapes. While growing incidences of burns, wounds and injuries as well as rising awareness among patients and physicians regarding the usage of medical tapes are few trends that are boosting the growth of medical tapes. Additionally, manufacturers of medical tapes are focusing on presenting differential products for increasing their market share through better safety and applications in the global market of medical tapes.
However, adapting various alternate methods of treatment, escalating incidences associated with skin injuries caused due to medical adhesives and lack of awareness related with proper selection as well as usage of medical tapes are predicted to hinder the market growth of medical tapes globally.
Skin Allergic & Irritant Contact Dermatitis
Contact dermatitis defines as a skin inflammation in the upper layers owing to direct contact of skin with the particular substance. And this contact dermatitis has two types namely irritant and allergic. Allergic contact dermatitis is due to irritation of substance that triggers immune reaction inside the body that itself states the contact of skin while in irritant contact dermatitis, there is no allergic reaction or direct irritation due to skin contact. For even a healthcare provider, it is very tough in determining whether the contact dermatitis is caused through bandage or medical adhesive is an irritant or allergic reaction. So, in order to determine the cause behind allergic reaction is, scientists conducted widespread allergy test on individuals who reported to have an allergic reaction with the bandages and medical adhesives.
The symptoms associated with irritant and allergic contact dermatitis have several similarities as well as differences. Even though the situations are nearly impossible to differentiate on the basis of symptoms alone. Typically, people having irritant reaction with the medical adhesives report soreness, stinging and even burning at the site of contact rather than itchiness. With the contact dermatitis of allergic type, reverse is true and pain is predominated by itchiness. But in both the cases, at the site of contact, skin turns pink to red and this redness might spread further. This area appears to be red rash similar to a small bumps and minor burn while blisters formation and break open causing infection risk in severe cases is also seen.
Removing bandage or tape is the first and foremost treatment for an irritant as well as allergic contact reaction with the medical adhesive. After that with the help of mild soap and water, gently cleaning the affected area in order to remove any kind of residual adhesive. And its good, if you leave that affected are open or uncovered in order to heal that wound. If bandage is required, covering the affected area with sterile gauze and then apply tape on that gauze instead of skin avert further irritation. And if skin is blistering, it is very essential to consult a medical professional for the treatment.
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If you see a skin reaction with a bandage or medical adhesive of specific brand, it’s is very essential to avoid those in the future. As several brands of medical adhesives, so if one doesn’t suits you while the other might not irritate your skin. And as it is seen that cloth and paper tapes are less expected to irritate the skin instead of bandages or plastic tapes. Furthermore, in anesthetic as well as topical antibiotic bandages, medicine is filled in pad portion which can be the reason behind an allergic reaction with the medicine instead of the adhesive. Moreover, if one is having stubborn problem with medical bandages, consulting doctor is very necessary as the doctor will guide you about what to do with your underlying conditions.
Moreover, some prominent leaders operating in the medical tapes market include Johnson & Johnson, Medtronic, Scapa Group PLC, Ad Tape & Label, 3M, Paul Hartmann AG and Andover Healthcare Inc., among others are aiming on hosting differentiated products viz. tapes for athletes and tapes which are skin sensitive in order to maintain their maximum market share and are adapting new strategies for doing proficient marketing.