Bone Morphogenetic Protein Makes a Vibrant Return to the Global Market

The global bone morphogenetic protein (BMP) market size is expected to reach over USD 644.6 million by 2024, based on a new report by Grand View Research, Inc. Increasing incidence of spinal fusion, trauma, and small bone surgeries coupled with demand for faster bone recovery are the key drivers affirming growth of BMP market.

Low back pain and spinal disc dislocation are some of the most common occupational hazards. Over 75% of such disorders require spinal surgery after noninvasive treatment options are unable to provide any relief. Minimally invasive surgery, shorter hospital stays, and fast recovery are common demands observed among patients. BMP has gained high acceptance among orthopedic surgeons in recent years owing to its ability to cater above mentioned benefits

Sport-related injuries, growing geriatric population, and increasing awareness about osteoinduction products as an alternative to bone grafting are other drivers accentuating market growth. BMP has reported outstanding results over bone graft, such as lack of donor morbidity, extensive surgical procedure, higher recovery time, pain & numbness, and high cost.

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Further Key Findings From the Study Suggest:

• rhBMP-2 and rhBMP-7 are the commercially available recombinant BMPs. rhBMP-2 is widely known for its high osteoinductive property for faster formation of bone and cartilage in bone fusion procedures
• rhBMP-2 held more than half of the market share in 2015. Key attributes contributing toward its growth are high acceptance, wide range of applications, and easier availability in developing countries
• rhBMP-7 on the other hand is expected to witness decline in market share over the forecast period owing to factors such as limited usage and discontinuation of OP-1from 2014 by Olympus
• Spinal fusion held the largest share in 2015. Increasing cases of sport-related spinal injuries, wide range of product availability, easier usage, and long-term reliability are major factors for the aforementioned dominance.
• North America held a significant share of over 65.0% in 2015. High number of orthopedic surgical procedures, and availability of favorable reimbursement policies are drivers that can be attributed to for largest share.

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Know about the Future of Isoflavones Market and what Factors are Driving the Market

The global isoflavones market is expected to reach USD 50.06billion by 2025, according to a new report by Grand View Research, Inc. The significant rise in the demand of nutraceutical supplements across all age groups and an increase in the disposable income globally are the major driving factors for the growth of isoflavones market.

The aging population is becoming a global phenomenon in developed as well as emerging countries. The consumers across the globe nowadays are concentrating on improving the quality of life and are very careful about the products they are consuming. Growing health concern has resulted in increase of usage of naturally-derived products.

Isoflavones are plant-derived compounds and belong to the class of phytoestrogens. Isoflavones are extracted from a variety of plants and food products such as soy, red clover, beans, lentils, flaxseeds, green tea, & peas. Isoflavones are extracted in the form of powder from these sources. These products are rich in calcium & proteins, and compounds like isoflavones extracted from these sources have various health benefits

Soy is a major source for obtaining isoflavones compounds globally. Soy-based isoflavones are believed to have several health benefits. Soy-based isoflavones are used to control high blood pressure, cholesterol, and heart-related diseases. They are believed to be a beneficial cure for preventing breast cancer, hot flashes after breast cancer, premenstrual syndrome (PMS), and menopausal symptoms.

Isoflavones are highly beneficial for human health. These compounds when enter the human body, they change to phytoestrogens which have the similar function to hormone estrogen in the body.

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Further key Findings from the Study Suggest:

• The global isoflavones market is anticipated to reach 964.17 kilo tons by 2025, growing at a CAGR of 16.4% from 2016 to 2025
• Isoflavones extracts are used as raw material in various end-use industries such as food & beverages, cosmetics, nutraceuticals & dietary supplements, animal feed, and pharmaceuticals.
• The nutraceuticals application accounted for around 41% of the total market for isoflavones in 2015. The segment is anticipated to show the similar growth trend over the forecast period.
• In 2015, North America was the biggest market for isoflavones and the region accounted for around 37% of the total market.
• North America & Europe are anticipated to show the fastest growth over the next nine years.
• The market is highly fragmented and competitive in nature. Presently the market is experiencing the occurrence of less number of mature as well as small scale players.
• Some of the key companies present in the market are Archer Daniels Midland, SK Bioland,Medisys Biotech Pvt. Ltd., and HerboNutra.

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BIPV And BIOPV Market is Growing At a Rapid Pace - Market Analysis and Forecast to 2024

The global BIPV and BIOPV market size is expected to reach USD 31.14 billion by 2024, according to a new report by Grand View Research, Inc. Rising adoption of energy generation by renewable sources without comprising on the aesthetic appeal of buildings is expected to drive growth over the forecast period.

Increasing demand for integrated installations is expected to be driven by the growing disposable income of the consumers. In addition, rising concerns regarding averse environmental impact due to the use of non-renewable energy sources are likely to account for the growth of the industry over the next eight years.

The industry has witnessed increased adoption of the environment-friendly energy sources by the multi-national corporations to limit the carbon footprints. In addition, growing subsidies and tax reductions offered by the national governments is expected to bolster the demand for the product.

The demand for the product has stemmed from the increased adoption of the integrated roofs, walls and windows owing to superior aesthetic properties. In addition, the industry has witnessed increased efforts towards the research & development activities leading to the development of magnetic nanoparticles incorporated solar cells, leading to an enhanced efficiency of the overall installation.

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Further key findings from the report suggest:

• Building integrated roofs accounted for over 61% of the overall revenue due to superior efficiency of the roof-integrated systems. In addition, improved aesthetic appeal coupled with the ease of the integration of the solar energy harnessing systems for rooftop installations.
• Thin-film building integrated photovoltaics is expected to witness highest CAGR of over 20% from 2016 to 2024 due to superior integration with the building envelopes in comparison to the crystalline silicon.
• The thin film is expected to grow owing to significant technology advancements leading to improved performance efficiency as well as superior aesthetic appeal as compared to its counterparts.
• The market in Asia Pacific is expected to account for USD 7.48 Billion by 2024 due to increasing demand for the technology from the rapidly developing building and construction industry in the region.
• The companies in the market are involved in significant research & development activities to produce advanced products, in a bid to increase the market share. Heliatek GmbH introduced the organic building integrated photovoltaic cells, with high band gap resulting in superior efficiency.

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Specialty Polyamides Market is Expected to Gain Traction in Global Chemical Industries – Study

The global Specialty Polyamides Market is expected to reach USD 3.28 billion by 2024, according to a new report by Grand View Research, Inc. Rising utilization of eco-friendly nylon materials that offers high efficiency and protection to extend product durability is projected to boost market demand over the forecast period.

Growing environmental concern shave led to rise in interest to develop polyamides using renewable feedstock in recent times. Green benefits are not the only reasons for wide acceptance of specialty polyamides. In fact, it is claimed these polyamides can offer better performance than the conventionally made engineering thermoplastics.

Growing disposable income, high demand for low fuel combustion vehicles and strict implementation of regulations by the governing bodies such as EPA has led to increasing demand for these products. Companies such as Evonik Industries AG, BASF SE, Arkema SA, and E. I. du Pont de Nemours and Company have adopted expansion strategies to increase their presence in the market. Most of the companies have been heavily investing in R&D amenities to discover advanced and innovative special engineering nylons that are eco-friendly and easy to use, with less utilization of expensive & harmful raw materials.

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Further key findings from the report suggest:

• The global specialty polyamides market demand was 527.9 kilo tons in 2015 and is expected to exceed 840 kilo tons by 2024, growing at a CAGR of 5.6% from 2016 to 2024
• Automotive & transportation emerged as the leading application segment with demand share exceeding 35% in 2015. Increasing demand for light weight vehicles on account of existing and proposed stringent governmental regulations regarding automotive pollution along with growing need for fuel-efficient vehicles is expected to drive this segment over the forecast period
• Electronics & semiconductors are expected to witness brisk growth over the forecast period. Increasing utilization of electronic components made up of these polyamides for electronic equipment, as well as for trays and conveyer systems used in the manufacture of semiconductor chips is anticipated to benefit the overall industry consumption
• Asia Pacific was the leading regional market and accounted for over 40% of global demand in 2015. The region is also expected to witness the highest growth of 6.1% on account of the growing demand for automobile components and electronics & other electrical products in China, Taiwan, and Japan

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Healthcare Predictive Analytics Market Size Worth $19.5 Billion By 2025

The global healthcare predictive analytics market is expected to reach USD 19.5 billion by 2025, according to a new report by Grand View Research, Inc. Healthcare costs are increasing day by day and are anticipated to increase further. For instance, as per the IBM Global Business Services executive report in 2014, the per capita health expenditure of the U.S. was around USD 9,400 which was almost 2.4 times greater than the global average.
Government authorities, health organizations, and private players are striving to bring down health-care expenditure. Healthcare predictive analytics helps in bending the cost curve through optimization of the existing clinical workflow, operations, and payment strategies.
With the advent of IoT in health-care and wearable technology, people are more aware of the available health metrics monitoring platforms and choose to closely monitor health parameters. This phenomenon is generating huge amount of patient data inclusive of diet habits, physiological parameters, and vital signs. Predictive modeling based on this data helps in understanding disease patterns using statistical tools to draw an analysis of key therapy trends and outcomes.

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Further key findings from the study suggest:

• Financial applications of healthcare predictive analytics held a significant share of around 30.0% in 2015. Revenue cycle management and fraud detection are key financial applications.
• Increasing focus on population health management makes it one of the most lucrative growing application segments of the health-care predictive analytics market
• Payers form the key end-user segment of this market. Various insurance companies, health plan sponsors, and third party payers are other users of predictive.
• The usage of predictive analytics amongst payers such as hospitals, clinics, and physicians is anticipated to increase over the forecast period
• North America, being a pioneer in health-care IT technologies, dominated the global health-care predictive analytics market. Available advanced infrastructure with ample resources contributed to its dominance.
• Asia Pacific is expected to witness remunerative growth over the forecast period. Economic reforms, bolstering IT industry, and low operating costs are the key factors alluring market players to invest in this region.
• Some of the key players in this space include IBM, Cerner Corporation, Verisk Analytics, Inc., McKesson Corporation, SAS, Oracle, Allscripts, Optum, Inc.and MedeAnalytics, Inc. New product launches and collaborations are the key strategic under takings amongst the sector participants.

Access press release of this research report by Grand View Research:   http://www.grandviewresearch.com/press-release/global-healthcare-predictive-analytics-market