Global Telemedicine Market- Industry Trends & Forecast Report 2027

The global telemedicine market was worth USD 51.0 Billion in 2020 and is further projected to reach USD 152.3 Billion by 2027, at a CAGR of 16.1% during 2021-2027 (forecast period). Increasing consumer demand, shortage of healthcare specialists, growing patient acceptance, rising healthcare expenses, government assistance, advancements in telecommunications, and the growing demand for improved quality of healthcare offers the global telemedicine market plenty of room to expand. Furthermore, the ongoing pandemic has fueled the increased use of telehealth, ensuring its continued market growth in the coming years. Spurred by these factors, the global telemedicine market is projected to grow over the forecast period.

Source: BlueWeave Consulting

Global Telemedicine Market Overview

The importance of telehealth has been emphasized in light of the global shortage of hospital beds and medical workers. Telemedicine involves the use of technology via video, phone, messaging, etc., for delivering healthcare services to patients remotely. The concept of telemedicine has lowered healthcare expenses while boosting productivity through better chronic disease management, faster travel times, and a shorter stay in hospitals. Moreover, telemedicine has grown in popularity as a result of increasing technology adoption following COVID-19. Many telemedicine businesses are witnessing an increase in virtual visits as a result of the COVID-19 pandemic. To meet the growing demand, telemedicine companies are now expanding their ability to handle thousands of virtual visits per day, thereby, propelling the global telemedicine industry forward.

Global Telemedicine Market Trends

Growth Drivers

Technological Advancements Empowering the Global Telemedicine Market

Telehealth technology is being lauded for its role in coronavirus treatment. Technological advancements make it possible for healthcare providers to diagnose, treat and, and monitor patients’ progress remotely with more efficiency, which in turn encourages market growth. Telemedicine nowadays is not limited only to wireless devices or other telecommunications tools. Advanced technologies such as robotics, Blockchain Technology, wearables, the Internet of Medical things, Machine Learning (ML), and AI (Artificial Intelligence)-enabled chatbots are being used increasingly by telemedicine companies worldwide for collecting patient information, analyzing patient records, treating patients, making diagnoses, and even for developing vaccines. Moreover, these technologies are also being used for supporting and developing innovative remote healthcare models. According to...

Global Blockchain Technology in Healthcare Market- Industry Trends & Forecast Report 2027

The global blockchain technology in healthcare market was worth USD 129.22 million in 2020. It is further projected to reach USD 4,720.96 million by 2027, at an impressive CAGR of 68.13% during the forecast period (2021-2027). The market is driven by factors such as elimination of intermediaries, cost savings, government partnerships, transparency, removal of unscrupulous attacks, security from cyberattacks, and establishment of consortiums/working groups, among others.

Companies operating in global blockchain technology in healthcare market are investing heavily in the integration of the blockchain technology for secure payments, patient data protection, protection against cyberattacks/hackers, management of vaccines & medicines, supply chain management, and other areas, which are expected to drive the market during the forecast period. The working fundamental behind cryptocurrencies is blockchain technology, with Bitcoin being the most well-known. Blockchain technology decentralizes the system and makes it virtually impossible to change, hack, or cheat the system.

Source: BlueWeave Consulting

Global Blockchain Technology in Healthcare Market Overview:

Blockchain is a method of storing data in such a way that it is difficult or impossible to alter, hack, or cheat the system. As the name suggests, it consists of several blocks linked together by chains. Individual data records are stored as blocks that are connected in a single list known as a chain, hence the term Blockchain.

The data on the blockchain can be viewed by anyone, but it cannot be changed. Usually known as the “technology behind bitcoin”, blockchain technology is one of the most advanced technologies of our times. Any typical blockchain network is a public blockchain. Anyone who has access to the network has access to the blockchain data, but they cannot alter it unless they have a special...

GlobalHigh Strength Aluminum Alloys Market- Industry Trends & Forecast Report 2027

The global high-strength aluminum alloys market reached USD 31.3 billion in 2020 and is further projected to reach USD 43.1 billion by 2027, growing at a CAGR of 5.3% during 2021-2027 (forecast period). Rising demand for high-strength aluminum alloys are expected to propel the growth of the global high strength aluminum alloys market, owing to growing regulations on fuel efficiency and emissions among OEMs, as well as accelerating demand for lightweight components in the automotive industry.

Source: BlueWeave Consulting

Global High-Strength Aluminum Alloys Overview

High-strength aluminum alloys are alloys in which aluminum (Al) is the core metal used. Copper, magnesium, manganese, silicon, nickel, and zinc are other alloying elements used in conjunction with aluminum. High-strength aluminum alloys are extensively utilized in the automotive and aerospace sector. Unique combinations of features provided by aluminum and its alloys make aluminum one of the most versatile, inexpensive, and attractive metallic materials for a wide range of alloy types in various end-use industries, such as aerospace & defense, automotive & transportation, marine, and others. The combination has high corrosion resistance, high strength, and a low weight, making it desirable for end-use industries.

Global High Strength Aluminum Alloys Market Trends

Growth Drivers

Increasing Demand for Luxury Car Segment

The growing demand for high-strength aluminum alloys for usage in luxurious cars as a substitute for steel is expected to propel the market over the forecast period. The high-strength aluminum alloys consist of properties such as durability, corrosion-resistance, high strength to weight ratio, and lightweight, among others. It is highly preferred in the aerospace, defense, transportation, and automotive industries. The advancements made in the proven material properties of aluminum alloys have fueled the growth of the combination of aluminum alloys. The combination of aluminum alloys features high corrosion resistance, and high strength with overly low weight, which is highly suitable for luxurious cars. These factors are also playing a key role in amplifying the market growth.

Recently, Tesla has invented new aluminum alloys that are expected to aid in the preservation of high-yield strength and conductivity. Moreover, Novelis, the global leader in aluminum rolling and recycling, announced in 2016 that its RC5754 alloy, a novel automotive product developed with Jaguar Land Rover contains up to 75% recycled...

The Global Bioanalytical Testing Services Market- Industry Trends & Forecast Report 2027

The global bioanalytical testing services market was worth USD 2.7 billion in 2020 and is further projected to reach USD 6.1 billion by 2027, at a CAGR of 12.1% during the forecast period (2021-2027). The growing demand for analytical testing for biologics and biosimilars, small-molecule and large-molecule drugs, and the preference for analytical outsourcing are all contributing to the market's growth. Furthermore, pharmaceutical and biopharmaceutical companies have been increasingly investing in research and development, which in turn is boosting the overall market growth. At the same time, rising government practices to control pandemics like COVID-19, Ebola virus, and others are also fueling the growth of the market. According to a report released by the World Health organization, there are 11,77,99,584 confirmed cases of COVID-19 worldwide with 2615018 deaths. 

Source: BlueWeave Consulting

Global Bioanalytical Testing ServicesOverview

Bioanalytical testing is used for determining the properties of drugs and metabolites in biological matrices like blood, tissue, urine, plasma, etc.  Bioanalytical methods and assay validation allow accurate quantitation of analytes and biomarkers in various biological matrices to assess drug safety and efficacy. This diagnostic technique has several applications, including drug testing and assessment, oncology, neurology, cardiology, and others. Bioanalytical testing services assist in the evaluation of a drug's design effects, drawbacks, suitable circumstances, and suitability for the intended treatment. Before starting as say creation and validation, it's a good idea to learn about the analyte's physicochemical properties.

Global Bioanalytical Testing services market Trend

Growth Drivers

Increased Number of laboratory Outsourcing Service

The trend of outsourcing bioanalytical services is growing by leaps and bounds for better resource utilization.While dedicated in-house laboratories have advanced facilities, they may not be able to handle complex bioanalytical testing. Moreover, on a strategic level, operating in-house laboratories can be a costly affair. On the other hand, outsourcing the lab role decreases overhead and operational costs owing to which business companies continue to benefit from such lab services. Lab outsourcing helps companies and other institutions to make a profit as it allows to trade higher fixed-costs for lower variable-costs, thereby reducing the need for capital investment in the company and allowing instant access to world-class analytical expertise and capabilities on a short notice period. The aforementioned factors are significantly driving the market growth.

India Electric Three-Wheeler – Industry Trends & Forecast Report 2027

India electric three-wheeler market has reached USD 636.9 million in 2020 and is anticipated to reach USD 1,845.1 million by 2027, at a CAGR of 16.3%, during the forecast period (2021-2027). The growing concern over air pollution is pushing the automobile industry to reduce its carbon footprint, bolstering the need for electric three-wheelers in the market. Additionally, the market is primarily driven by strict emission norms/regulations, government incentives, and increasing environmental awareness. Moreover, consistently increasing affordability of electric three-wheelers is boosting their adoption across the country, propelling the Indian electric three-wheeler market even further.

Source: BlueWeave Consulting

India Electric Three-Wheeler Overview

An electric three-wheeler comes with an electric motor instead of an internal combustion engine (ICE). It generates power by burning a mixture of fuel and gases. One of the most unique features of electric three-wheelers is that they can be plugged in by the driver to charge from an off-board electrical power source. This property differentiates electric three-wheelers from hybrid electric vehicles, which have an internal combustion engine and an electric motor that consumes energy contained in batteries. Electric three-wheelers are mainly used for public transportation such as e-rickshaw and auto service in the city.

India Electric Three-Wheeler Forecast and Trend

Growth Drivers

Growing Concerns Over Environmental Pollution

The Environmental Performance Index (EPI) 2018 ranks India among the bottom five nations. As far as air quality is concerned, India’s CO2 emissions rate is increasing every year owing to the emission of toxic gases by fuel-based vehicles. Therefore, the Government of India is now focusing more on EVs such as three-wheeler vehicles and introducing policies such as FAME 1 and FAME 2. These initiatives would help improve air quality besides favoring the market during the forecast period. A study conducted by TERI (The Energy and Resources Institute) in 2018 revealed that average traditional LPG auto emits around 0.005 tons of Particulate Matter-10 (PM10) and 3.72 tons of carbon dioxide per year.Electric auto-rickshaws (e-autos), on the other hand, emit zero tailpipe emission and make no noise while meeting people's transportation needs. Furthermore, the fact that an electric three-wheeler has lower maintenance and running costs then an...

GlobalIron Ore Pellets Market- Industry Trends & Forecast Report 2027

The global iron ore pellets market is growing Year-over-Year (YoY) and has reached USD 48.13 billion in 2020. The market is further expected to touch USD 62.13 billion by 2027, at a CAGR of 3.37% during 2021-2027 (forecast period). The iron ore pellets market is likely to grow during the forecast timeframe due to expanding steel production in developing economies of the Asia-Pacific, such as India, China, and Vietnam.

Iron ore pellets are spherical balls that are used in steel manufacturing. The iron ore pellets manufacture ultra-fine-particles with a diameter of 9 to 16 mm, which improves the overall performance of steel plants. Its consumption is majorly driven by the rising demand for steel from end-users including, automotive, manufacturing, and construction industry among others.

Source: BlueWeave Consulting

Global Iron Ore Pellets Overview

Iron ore pellets are small balls of iron ore used in the production of steel. They are manufactured using technology that makes use of the waste powder produced during the ore extraction process. To make ore pellets, first iron ore is crushed and ground to remove impurities. The resultant ore is mixed with a binding agent and then heated to create durable, marble-sized pellets. These pellets are then used for manufacturing steel for the construction of bridges, cars, planes, bicycles, household appliances, and much more. As compared to other types of iron ore, pellets are the best components for manufacturing iron due to their advantages, such as uniform size, high metallization rate, and enhanced permeability in blast furnaces to optimize fuel consumption rate, among others.

Global Iron Ore Pellets Market Trends

Growth Drivers

Limited Availability of High-Grade Lump

Mined iron ore comes in varying sizes, the largest of which is more than 1 meter (40 inches) across, and the smallest of which is about 1 millimeter (0.04 inch). Steel is made from around two billion tonnes of iron ore (average 62%) in the form of lumps, sinter, and pellets around the world. Previously, lump ores were the main source of iron in the manufacturing process. However, due to extensive mining activities by multiple firms, high-grade lump ore reserves have been steadily depleting over time. This limited availability of high-grade lump ore is becoming a cause of concern for the iron & steel...

Global Nutraceutical Market- Industry Trends & Forecast Report 2027

The global nutraceutical market reached USD 410.20 billion in 2020 and is further projected to reach USD 712.63 billion by 2027, growing at a CAGR of 8.28% during 2021-2027 (forecast period).The growth of the global nutraceutical market has been positively impacted by the rising demand for healthy and nutritious food. Nutraceuticals available in the form of gummies, drinks, capsules, syrups, and powder are effective and easy to use, which has increased their adoption. Also, some over-the-counter dietary supplements, such as OMEGA-3-fatty acids, cholecalciferol sachets, and flavored gummies available are highly preferred by consumers for maintaining a healthy lifestyle and nutritious value intake.

A majority of consumers prefer purchasing nutraceuticals online as online purchase enables them to compare the different nutraceutical products available on various online stores. The demand for nutraceuticals went up during and after the COVID-19 pandemic with the growing demand for natural immunity-boosting products. The growing demand for nutraceuticals combined with the rising prevalence of acute and chronic diseases (such as obesity and calorie reduction), increasing awareness about a healthy lifestyle, and boosting immunity are likely to drive the growth of the global nutraceutical market.

Source: BlueWeave Consulting

Global Nutraceutical Market Overview

Nutraceutical is defined as any substance that may be a food or part of a food that helps prevent diseases besides offering nutritional benefits. Nutraceuticals are a good and healthy way to reduce expensive medical treatments. The nutraceutical industry is bifurcated into three main segments—functional food, dietary supplements, and herbal/natural products. In the past few years, functional foods have gained popularity within the health and wellness segment. Functional foods contain high nutritious value and are associated with several powerful health benefits. The concept began in Japan in the 1980s when government officials began approving foods with established health benefits in an attempt to improve the health of the general public. Foods supplemented with vitamins, probiotics, minerals, and fiber are some examples.

The dietary supplement holds the largest share in the nutraceutical market, followed by functional food and herbal/natural products.Over the next few years, an increase in awareness for nutritional enrichment among working professionals in the United States and Canada for ensuring balanced nutrition in the human body is expected to increase dietary supplement intake in North America. Also, the growing adoption of herbal medicines...

Global Orthopedic Power Tools Market size- Industry Trends & Forecast Report 2027.

According to the recent global analysis for the market use of Orthopedic power tools, it was found for USD 945 million in the year 2020 and expected to reach around USD 1.24 billion approximately in another 7 years marking the end of 2027 at 4% CAGR. The reason behind this growth is the need of this tool and the varying technologies that it offers. It provides assistance to the orthopedic surgeons for performing both simple, complex, and cumbersome surgeries with the highest accuracy and greater pace, owing to the positive performance and prevalence in the global market.

Source: BlueWeave Consulting

Orthopedic power tools Market overview

Orthopedic is a branch of medicinal science which aims at providing the diagnosis, therapy and/or correction, treatment of disorders and deformities related to bones such as spine injuries, joint related issues, musculoskeletal trauma, infection, and diseases, etc. Orthopedic power generated accessories or instruments are needed to perform small scale surgical procedures like cut, dissect, fragment, emulsify on the bone tissues, with high precision and avoid every human error possible.

Orthopedic power tools Market forecast and...

Global Lactoferrin Market- Industry Trends & Forecast Report 2027

The global lactoferrin market has reached USD 225.22 million in 2020. It is further projected to reach USD 393.12million by 2027, at a CAGR of 7.9% during the forecast period (2021-2027). The global lactoferrin market is expected to be driven by increasing health awareness among the population, an increase in the number of skin allergies and diseases, as well as the growth of the global acne treatment market.

Companies operating in the global lactoferrin market are investing heavily in the R&D of new products and technologies, which is expected to drive the market during the forecast period. Lactoferrin is generally found in milk and is an essential part of the diet of babies and toddlers. Nowadays, milk protein is processed in a variety of ways and used in a variety of nutritious powders, beverages, and snacks. Lactoferrin, which was first discovered in 1939, has a distinctive pink color in its pure form. Lactoferrin has various sources, but the highest concentration of lactoferrin is found in human milk.

Source: BlueWeave Consulting

Global Lactoferrin MarketOverview:

Lactoferrin is a natural iron-binding milk glycoprotein found in human milk and bovine milk. Bovine is a term used to refer to domestic animals of the species Bostaurus (cattle) or Bubalusbubalis (water buffalo), and also includes hybrids like Beefalo. The concentration of lactoferrin is highest in human colostrum. Colostrum is the term used for the first form of milk produced from the mammary glands of mammals. The concentration of lactoferrin in the human colostrum can be as high as six times of bovine colostrum. Human colostrum contains 6-8 gm of lactoferrin per liter of milk, while bovine colostrum contains only 1 gm of lactoferrin per liter of milk. Scientific...

Global Processed Snacks Equipment Market- Industry Trends & Forecast Report 2026

The global processed snacks equipment market is expected to reach USD 10.9 billion by 2026, at a CAGR of 2.3% from 2021-26 (forecast period). With the rising demand for food products and increasing investment opportunities in food processing, the global processed snacks equipment market is all set to exhibit strong growth. North America and Europe have a thriving food & beverage processing industry. Moreover, the presence of international processed snack equipment manufacturers in North America and Europe has been driving consistent growth of the snacks equipment market due to the presence of the established food & beverage processing industry. The rise in demand for processed food and convenience foods has been driven by the rise in disposable income and rapid urbanization in developing countries such as India, Brazil, and China. At the same time, equipment manufacturers are taking stringent measures to strengthen their production capabilities by expanding their manufacturing facilities and through the acquisitions of smaller equipment manufacturers to expand their product portfolios.

Source: BlueWeave Consulting

Global Processed Snacks Equipment Market Forecast and Trends

Growth Drivers

Increased focus on production efficiency, processing time, and quality of food products

With increasing food raw material prices, rising labor costs and higher energy costs, manufacturers of end-products are concentrating on increasing their production quality. This is important to reduce food wastage during manufacturing and ensure the effective use of raw materials. Additionally, to minimize production costs and boost profitability, food manufacturers are putting emphasis on reducing energy consumption and utilizing renewable energy.

Processed snack producers nowadays rely on specialized food processing machinery to ensure that their products are of the highest possible quality. This helps food manufacturers to cater to the growing demand for processed snacks, bakery products, frozen meat products, and fruits & vegetables in lesser time and with reduced production cost.

Opportunity

Regulations on processing technique and hygiene standards of processed snacks

The Millennial consumers are becoming more aware of various food trends due to globalization. Moreover, due to the liberalization of trade, food processing firms have also been increasing their presence around the world. Snack manufacturers across the world are currently exploring fresh and untapped markets. To meet growing competition in the industry, domestic players in the market are also expanding their product...