Personal Care Market Intelligence

  MEA Hip And Knee Reconstruction Devices Industry Overview The MEA hip and knee reconstruction devices market size was estimated at USD 1.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. Technological advancements and the growing prevalence of orthopedic conditions resulting in a spike in hip and knee surgeries are anticipated to boost the growth of the market for hip and knee reconstruction devices. Furthermore, an increase in lifestyle disorders and the rising target population is also fueling market growth. Hip and knee reconstruction procedures have been considered non-urgent during the COVID-19 pandemic. Due to this, all outpatient and elective interventional procedures were limited or interrupted. Specialty centers for orthopedic procedures were also shut down during the pandemic, which further negatively impacted the market for hip and knee reconstruction devices. In addition, due to the risk of infection, patients

  Flavored Water Industry Overview The global flavored water market size was valued at USD 13.50 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 10.3% from 2021 to 2028. The increasing preference for flavored, healthy, and functional drinks has been boosting the growth of the market across the globe. Consumers are showing interest in exploring innovative beverages infused with fruits, herbs, other healthy ingredients. The market witnessed rapid growth during the COVID-19 pandemic due to the increased health concerns, which augmented the demand for flavored hydration products enriched with the benefits of minerals and vitamins, especially among health-conscious consumers with mid-to high-income levels. Consumers, especially millennials and Gen Z, in the developed economies, such as the U.S., are spending more on flavored water. The trend of zero-calorie, zero-sugar, and low-carb content soft drinks is rising across the globe, which is also boosting t

  North America Savory Snacks Industry Overview The North America savory snacks market size was valued at USD 36.89 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028. The changing lifestyles of consumers that encourage on-the-go eating and the growing trend of replacing meals with smaller nutritional snacks are factors contributing to the growth of the market. The COVID-19 pandemic has severely affected several industries and businesses related to the food industry; nevertheless, there has been some respite for the savory snacks market in North America. Stay home policy and complete lockdown imposed in most of the cities resulted in an increased demand for ‘comfort’ food, such as savory snacks. Moreover, with restaurants shut in most parts of the U.S. and Canada, consumers opted for snacks as in between eatables besides the traditional three meals and even during meals, which has driven the demand for various basic food items and

  Hair Restoration Industry Overview The global hair restoration market size was estimated at USD 4.2 billion in 2020 and is expected to expand a compound annual growth rate (CAGR) of 15.4% from 2021 to 2028. The rising prevalence of androgenetic alopecia is the key factor driving the market. Lifestyle alterations, such as immoderate intake of tobacco and alcohol, and escalating stress indices are considered as strong triggers for the disease. Though the exact disease cause remains unknown, the genetic factors have been linked to several cases. Moreover, other factors such as the rise in disposable income and building emphasis on aesthetics are poised to drive the market. The market is gaining momentum as the success rate of procedures like Follicular Unit Extraction (FUE) and Follicular Unit Transplantation (FUT) has increased and has proven to be effective options for hair restoration. Moreover, many hair experts now use a combination of these two procedures for significant aesthet

  Healthcare Patent Filing Outsourcing Industry Overview The global healthcare patent filing outsourcing market size was estimated at 1.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. Rising need for a cost-efficient and time-saving patent filing process is expected to augment the growth of the market. Growing innovations in medical devices and robust pharmaceutical and biopharmaceutical product pipelines will also drive the market over the forecast period. For instance, the number of healthcare Artificial Intelligence (AI) is on the rise. According to a report published by the World Intellectual Property Organization (WIPO) over 12,000 patents were filed as of 2018 in China. The repercussions of the COVID-19 pandemic included disruption of patent filing processes across the world owing to shelter-in-place mandates. In 2020, the USPTO authorized an extension of 30 days under the CARES (Coronavirus Aid, Relief, and Economi

  Disposable Surgical Devices Industry Overview The global disposable surgical devices market size was valued at USD 5.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2021 to 2028. The increasing prevalence of chronic diseases, such as neurological, cardiovascular, infectious, and urological disorders, is expected to fuel the growth of the market. The high incidence of diseases, such as diabetes and cancer, and other autoimmune disorders across the globe is also a major factor responsible for the rising number of surgical procedures. Estimates from the International Diabetes Federation (IDF) indicate that globally, over 425 million people were suffering from diabetes in 2017. Out of these, 327 million individuals were in the age group of 20 to 64 years and 98 million were over 65 years. Type II diabetes is the most common type and 90% of the diabetic population is suffering from this form of the disease. The increasing number of surgic

  Nordic Regulatory Affairs Industry Overview The Nordic regulatory affairs market size was valued at USD 153.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. Changing regulatory landscape, increasing demand for the faster approval process, and economic and competitive pressures are some of the key factors expected to drive the market. The entry of life sciences companies in the Nordic markets, especially in countries such as Denmark and Sweden, for R&D collaborations and the evolution of new areas, such as orphan drugs, biosimilars, advanced therapy medicinal products (ATMPs), and personalized medicine, are further anticipated to contribute to the market growth. This is because new areas would require advanced technical expertise for compliance with regulatory requirements. For instance, the development and use of biosimilars continue to grow in the Nordic region. Countries, especially Sweden and Norway, are known to

  Nicotine Replacement Therapy Industry Overview The global Nicotine Replacement Therapy size was valued at USD 44.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.3% from 2021 to 2028. The growth can be attributed to the growing number of technological advancements and the increasing number of people undergoing nicotine replacement therapy (NRT). Increasing awareness about the ill-effects of smoking is expected to be a key factor driving the market. The number of people who smoke is rising globally and has surpassed 1.1 billion. Owing to government initiatives such as the “affordable care act”, insurance regulations, and programs for awareness regarding the negative impact of smoking on health by provision of counseling, people are opting for smoking cessation therapies. In 2018, out of the 34.2 million people that smoke in America, 55% tried smoking cessation. May 31st is celebrated as the No Tobacco Day and organizations such as the America

  North America Digital Pathology Industry Overview The North America digital pathology market size was valued at USD 365.8 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. Digital pathology has been classified under Class II devices by the U.S. FDA for primary diagnosis. The growing number of initiatives to promote the use of digital pathology as a tool for enhanced disease diagnosis and advanced pathology practice is creating potential opportunities for the market across the country. These organizations are striving to promote digital pathology through promoting awareness pertaining to practicalities and strategies adopted for proper implementation and improvement of pathology workflows. Gather more insights about the market drivers, restraints and growth of the North America Digital Pathology market The continual deployment of R&D investments, rising implementation of digital imaging, supportive government initiative