New Research Areas
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 global premature ejaculation market
Technavio’s market research analyst predicts the global premature ejaculation market to grow at a CAGR of more than 9% by 2020. Recently, some of the major pharmaceutical companies in the market have started focusing on the development of new treatment methods for premature ejaculation. They have come up with Botox, which is injected into the bulbospongiosus, the exterior muscle in the penis that is responsible for erections, orgasms, and ejaculation. Another treatment gaining traction in the market is the Long Love condom, which contains local anaesthetics such as benzocaine and lidocaine. The men using the condom can easily extend the ejaculation duration during sexual intercourse. The market is also witnessing the introduction of several alternative treatments for premature ejaculation, which include herbal medications such as cinnamon bark, angelica, clove, and dong quai. These are used as vitamins and supplements and are launched as medications with less side effects.
During 2015, the Americas was the largest revenue-generating region in the market and accounted for more than 53% of the total market revenue. A major reason for the market growth in the Americas is a significant rise in the number of premature ejaculation patients due to psychological factors such as strain and stress resulting from the ever-changing lifestyle. Factors such as the increase in awareness among public and health professionals of the signs and symptoms of premature ejaculation and the necessity to treat the condition for a satisfactory sex life will boost the growth of the market in this region.
Competitive landscape and key vendors
The market is oligopolistic by nature and is dominated
Overview of the global sports fishing equipment market
Sports fishing is gaining huge significance in places where several fishing associations like the American Sportfishing Association are encouraging people to increase their participation rate in this recreational activity through conducting several fishing programs and events. The rising popularity of sports fishing has propelled several governments across the globe to focus on fishing development. Many key nations like the US and the UK are increasing their fishing platforms, which can improve access to water bodies to fish in, and make it a more social sport. With the fishing activity gaining grounds along canals and reservoirs, development of platforms on these water bodies is a necessity. Technavio’s market research analyst predicts the global sports fishing equipment market to grow at a CAGR of around 3% by 2020.
The Americas is the largest revenue-generating region in the market and will account for more than 45% of the total market share by 2020. Factors such as the presence of over 70 million anglers and the best fishing destinations are the primary factors for this region’s growth during the forecast period.
Competitive landscape and key vendors
The market is dominated by a few large vendors. It also provides huge opportunities for the vendors to explore as the sport becomes increasingly sought-after across the globe. Many vendors are expanding their business into new markets across the globe and are increasingly involving in merger and acquisition strategies.
Leading vendors in the market are -
- Eagle Claw
- Newell Brands
Other prominent vendors in the sports fishing equipment market include 13
Overview of the microscopy market in Europe
Technavio’s market research analyst predicts that the microscopy market in Europe will grow steadily at a CAGR of more than 6% during the forecast period. Nanotechnology research has witnessed immense growth in Europe over the years. It is the study of particles that are between one to 100 nanometers in size and cannot be studied using optical microscopes. As a result, vendors have introduced advanced microscopes such as scanning probe microscopes and electron microscopes like SEM and TEM that cater to the demand of studying nanoscale objects. The need for better imaging of nanoparticles has created the demand for atomic force microscope products, resulting in investments by government and technology firms in the development of nanotechnology. Through the NNI program, the US has invested more than USD 22 billion in the nanotechnology research program. Similarly, other countries like Japan, China, the UK, and Canada, have also invested significantly in nanotechnology, which will, in turn, drive this market’s growth in the coming years.
One of the main trends spurring the growth prospects for this market in Europe is the miniaturization of electronic devices by vendors using microelectromechanical systems (MEMSs) and nanoelectromechanical systems (NEMSs) that consume less power. Due to the emergence of miniaturized personal electronic products, semiconductor industries are attempting to incorporate different features, reduce the size of semiconductor wafers, and lower IC power consumption. Furthermore, some companies are using NEMS technology to manufacture paper
Global outlook of the polymerase chain reaction (PCR) market
According to the market research analysts at Technavio, the global polymerase chain reaction (PCR) market will grow rapidly and will post a CAGR of more than 8% over the forecast period. PCR has extensive applications in various fields including diagnosis of infectious diseases, in forensics, and various other biologicals purposes. It is primarily used in the diagnosis of diseases, such as middle ear infections, tuberculosis, and Lyme diseases. In the recent years, PCR has also been vastly used in forensic applications like DNA fingerprinting to identify a particular person accurately and quickly. Moreover, various molecular research applications, such as DNA sequencing, DNA cloning, and gene expression also use the polymerase chain reaction. With the significant increase in funding and grants offered by various global bodies to develop new solutions in different fields, the market for PCR solutions, including instruments and consumables will have a positive impact in the coming years.
In the recent years, many manufacturers of PCR solutions have either established or have expanded their current manufacturing and sales networks in APAC. The APAC region has a rising geriatric population, which will translate into the increasing incidences of chronic diseases like cancer, and PCR is extensively used to study and analyze gene anomalies and mutations associated with such diseases. Moreover, the vendors are migrating their manufacturing facilities to APAC as it is not only economical in terms of operations but also gives them access to the domestic markets in the region.
Competitive landscape and key vendors
Overview of the mortuary equipment market
According to the market research analysts at Technavio, the global mortuary equipment market will grow at a CAGR of more than 5% during the forecast period. The commercialization of mortuary equipment due to the growing demand for cadavers is one of the primary drivers that is gaining momentum in the market. Legal proceedings and forensic procedures have led several manufacturers to introduce equipment and tools that are specific for storing, transporting, or carrying out autopsy of corpses. Moreover, the rising number of road accidents and work-related accidents have resulted in the need for better transportation and handling of bodies. This has compelled the manufacturers to design novel and innovative products.
The global mortuary equipment market was led by the Americas in 2015, accounting for more than 36% share of the overall revenue of the market. The Americas dominated this market due to the implementation of guidelines and regulations that highlight the importance of well-equipped mortuary facilities. These strict regulations have led to the increase in installation and use of several mortuary equipment in hospitals, research laboratories, and funeral homes.
Product segmentation and analysis of the mortuary equipment market
- Autopsy tables
- Cadaver trolleys and lifts
The mortuary refrigeration equipment segment dominated the market and is anticipated to grow at a steady CAGR of over 6% by 2020. Mortuary refrigerators include temporary storage refrigerators and body freezers, which cost much more than other products in the mortuary equipment market. Several manufacturers like Mopec have introduced mortuary refrigeration solutions that have innovative product design and lower power consumption.