Health and Wellness
Overview of the heart rate monitoring device market
Extensive research carried out by the analysts at Technavio has shown that the global heart rate monitoring device market will witness tremendous growth and will post a CAGR of more than 13% over the forecast period. Heart rate monitoring devices enable individuals to obtain real-time data, thereby allowing them to track their heart rate from anywhere anytime. Most of these devices also monitor fitness levels and sleep patterns, which helps in keeping a tab on the regular fitness regime, without having to consult healthcare professionals. The increasing focus on quality care and disease management will lead to an increase in the adoption of portable, self-care, heart rate monitoring devices, especially in developed countries.
Initially, the heart rate monitoring devices were restricted only to providing data specific to the heart rate. But over the past few years, vendors are coming up with products that provide data such as tracking steps, floors climbed, distance covered, calories burned, and active minutes. Several vendors have also introduced products in the market that primarily act as a fitness device but also provide the basic functionalities of a smartwatch. For instance, FitBit launched a device called Surge that comes with calling and texting functionalities, integrating smartwatch features in fitness devices. This trend is likely to gain momentum in the coming years and will drive this market’s growth until the end of 2020.
mCompetitive landscape and key
Overview of the erectile dysfunction market
The global erectile dysfunction market is anticipated to witness slow growth and will reach close to USD 4 billion until the end of 2020. Globally, there has been an increase in the number of people with prostate cancer, which is one of the most common type of cancers among men. The treatment involves the removal of the prostate gland, which can result in impaired sexual function in at least half of the men who undergo this treatment. Prostate cancer does not directly cause erectile dysfunction (ED). However, the treatment methods, such as surgery with radical prostatectomy, hormone therapy or radiation therapy can cause ED among men.
One of the emerging trends propelling this market’s growth prospects is the augmented demand for penile implants. In many countries, the demand for penile implants is increasing as a result of the growing number of ED cases. This has led many pharmaceutical firms to invest in the R&D of new technologies to develop new products and upgrade their existing offerings. Furthermore, many countries in APAC such as China and Japan have a large older adult population. Penile implants were first introduced in China in 2002 but witnessed limited adoption due to its high cost and poor acceptance. However, with reviving global economy and increase in disposable income, the market for penile implants is likely to show a gradual growth during the forecast period.
Competitive landscape and key vendors
The global erectile dysfunction market is oligopolistic in nature and is dominated by a few large companies around the world including Eli Lilly, Pfizer, Boston Scientific, Coloplast, Bayer, and Apricus Biosciences. Presently, the market has a broad range of solutions to treat ED, including
Overview of the enteral feeding bags market
Extensive research carried out by the analysts at Technavio has shown that the global enteral feeding bags market will witness steady growth and post a CAGR of over 6% during the forecast period. With a rise in premature births, the global enteral feeding bags market is anticipated to have a positive outlook in the coming years. According to WHO statistics of November 2015, every year nearly 15 million babies are born before the completion of 37 weeks of pregnancy, and about 1 million infants die annually because of complications arising from preterm births. Due to the increasing maternal age and underlying maternal health problems like diabetes and hypertension, increased infertility treatments, and changes in obstetric practices like more C-section births before term, the instances of premature births have increased. Feeding intolerance is a common complication seen in preterm births, and these infants are unable to control and coordinate sucking, swallowing, and breathing. They require life support and critical care, which will translate into the demand for enteral feeding bags in the coming years.
One of the recent trends spurring this market’s growth is the increasing shift from parenteral to enteral-based nutrition therapy. Parenteral nutrition is administered through veins, wherein the risk of infection due to needle stick injuries is high. As a result, the preference for enteral nutrition is high among patients as the nutrients are rendered directly to the GI tract.
Overview of the cosmetic surgery market
Technavio’s market research analysts have predicted that the global cosmetic surgery market will grow at a rapid pace and will post a CAGR of close to 7% over the forecast period. In the recent years, it has been observed that a lot of importance is associated with the physical appearance of an individual, which is one of the primary factors driving the growth of the global cosmetic surgery market. Besides boosting self-confidence and self-esteem, cosmetic surgery also helps in gaining acceptability in social situations as well as the workplace. Also, people in countries such as Brazil, the US, and Venezuela pay a lot of attention to their looks, and hence, the number of people undergoing surgical procedures, such as liposuction, breast augmentation, tummy tuck, and non-surgical procedures like facial rejuvenation procedures is high in these countries. Moreover, the affordability of cosmetic surgeries has increased in developing countries. Higher disposable incomes in Pacific Rim countries such as Malaysia, Indonesia, and Vietnam are expected to drive market growth even further.
Cosmetic surgery is slowly but steadily gaining popularity with the male population, and this is anticipated to escalate in the coming years. There has been a considerable increase in both surgical and nonsurgical options over the past five years. Moreover, according to a recent study, approximately 70% of men have shown interest in cosmetic surgeries, where balanced nose, face rejuvenation, and a trimmer waistline are common goals among men. The rising popularity of cosmetic surgeries among men due to the desire to look youthful will contribute to this market’s growth over the next four years.
Competitive landscape and key
Overview of the fluorescence in situ hybridization (FISH) probe market
Extensive research carried out by the market research analysts at Technavio has shown that the global fluorescence in-situ hybridization (FISH) probe market will witness impressive growth and post a CAGR of more than 7% over the forecast period. With the increasing use of DNA probe-based diagnostics, the market for FISH probe is anticipated to have a positive outlook in the coming years. DNA probes help physicians study the chemical structure of DNAs and detect abnormal gene sequences of pathogens that are potential causes of diseases. Moreover, based on the amount of target DNA present, researchers and scientists can easily isolate specific gene polymorphisms by targeting abnormal DNA directly or indirectly. DNA probe-based diagnostics help to better understand diseases at the molecular level with the help of several novel techniques such as PCR technology, DNA microarrays and microfluidics, FISH, and DNA nanotechnology. These diagnostic procedures offer a degree of efficiency, accuracy, and reliability, leading to their augmented adoption during the estimated period.
One of the recent trends gaining traction in the market is the increasing demand for prenatal FISH probe. The rising number of chromosomal defects among foetuses has led to an increase in the number of expectant mothers undergoing screening procedures to detect genetic anomalies at an initial stage.
Global market outlook for carotenoids
In this market research, analysts have estimated the global carotenoids market to grow moderately at a CAGR of over 4% during the estimated period of 2016 to 2020. Much of this market’s growth will be impelled by the rising demand for functional and fortified food products. The demand for functional and fortified food products and beverages is growing as consumers are looking for ingredients that address specific health concerns and promote digestive, immune, and brain/memory health. Factors such as the desire to improve well-being, change in buyers' desires, innovations in nourishment science, and changes in sustenance controls are responsible for changing the consumer’s attitude towards food products and food supply trends.
Technavio’s market research analyst has observed that the EMEA region will continue its market dominance during the forecast period and will generate revenues of around USD 635 million by 2020. With the growth of the livestock industry in Europe, the use of carotenoids in the feed has also increased due to their antioxidant nature and their ability to enhance pigmentation in aquatic and poultry animals. Since adding feed pigments is an economical option, the sales of meat products supplemented with feed pigments in the European market has increased substantially.
Competitive landscape and key vendors
This market is extremely fragmented due to the presence of intense competition between several large, medium-sized, and small manufacturers that provide diagnostic products. These vendors form partnerships with smaller companies to maintain their market shares and to gain a competitive edge over