US Telemedicine Market Latest Trend, Share Analysis, Growth Application and Forecast to 2026

 The global U.S. Telemedicine Market size is expected to reach USD 17.14 Billion by 2026 according to a new study by Polaris Market Research. The report “U.S. Telemedicine Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software & Services); By Application (Teleradiology, Telepsychiatry, Telestroke, Tele-ICU, Teledermatology, Teleconsultation); Mode of Delivery (Mobile Health Apps, Virtual, Telemedicine Portals & kiosks, Others); By End User; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The U.S. Telemedicine Market is projected to witness a significant growth over the forecast period. Rising need to maintain social distance due to corona pandemic, focus on expanding healthcare facilities and give easy access to the public, overall of shortage of physicians, advancement in telecommunication technologies, and growing government support are some of the factors benefitting the U.S. Telemedicine medicine market. High utility of Telemedicine in treating diseases and conditions especially in rural areas is benefitting the market growth in the country.

 

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U.S. is characterized by strong support and initiatives taken by government to boost Telemedicine market. In the recent past, the U.S. government took concrete steps by boosting Telemedicine sector to overcome medical challenges and emergencies faced by the country. The American Telemedicine Association (ATA), during the opioid epidemic, took concentrated efforts to boost Telemedicine usage in the country. These moves were aimed at fully utilizing the advantages of Telemedicine to give wider healthcare accessibility.

 

 

Large companies are collaborating with cloud service providers to gain enhanced Telemedicine capabilities and to increase their market shares. They are providing services such as assessment and monitoring, education, preventive measures, diagnosis, among others. These are done by combining various elements such as digital imaging, telecommunications, video-conferencing, etc. Advancements in each of these aspects is particularly benefitting the U.S. Telemedicine medicine market.

 

The rapid adoption of cloud in the overall Telemedicine market in the U.S. has resulted in successfully offsetting up of difficulties related to travel, physical storage of files, access issues and need of patient & doctor to be in the same place. Recent developments in privacy and security and high awareness pertaining to it among the U.S. population have resulted in the development of encryption techniques that allow more secure data, adoption of authentication measures at each step and access of data without violating patient privacy. All these factors are benefitting the Telemedicine market in the country.

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Healthcare innovation and rising prominence of virtualization are some of the key industry trends. Market participants are concentrating on strengthening their overall service lines and are also facilitating the provision of customized solutions to their patients through the use of technology. Protected health information security, cost and operational efficiency, on -demand, easy access whenever and wherever patients demand, are some of the critical success factors observed in the U.S. market. The market is bound to grow as more and more healthcare service operators are turning to Telemedicine to manage the influx of patients into their facilities.

 

Some of the leading players in the U.S. Telemedicine market include Koninklijke Philips, Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers AG, Cisco Systems, Asahi Kasei Corporation, Iron Bow Technologies, American Well, Teladoc Health, Medvivo Group, AMC Health, Chiron Health, Zipnosis, VSEE, IMEDIPLUS, MEDWEB, U.S.MED. among others

 

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Biochar Market Future Scope and Price Analysis of Top Manufacturers Profiles

 The global biochar market is estimated to reach USD 3.23 billion by 2026 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research Biochar, a carbon rich product or a pyrogenic black carbon that has been attracting significant attention in both academic and political arenas. Much of the product’s attention is owing to its potential to mitigate the climate change, offer food security along with offering a solution for organic waste management.

Product application to soils has been gaining immense interest worldwide, owing to its potential to enhance soil capacity of nutrient retention and soil’s water holding capacity. Moreover, this also helps in sustainable storage of carbon thereby reducing greenhouse gas emissions.However, commercialization of biochar as a soil additive is yet to achieve its full potential among its primary users, the farmers. To make this happen, the industry participants manufacturing biochar are focused on arranging several programs in different geographical marketspaces to explicitly educate farmers.

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Farming methods including mixing the product with seeds and fertilizers, uniform mixing with soil, applying through no till systems deep banding of soil with plow, hoeing into ground, top-dressed, applying char and compost on raised beds. However, the type of application of biochar to soil depends on farming system, labor and available machinery. These types of methods are promoted and increasing use of such methods among farmers will boost product application and henceforth its overall demand.

Biochar retains its potential to control/mitigate climate change owing to its inherent fixed carbon in the raw biomass, which would otherwise degrade to the greenhouse gases and sequestered within the soil for years. The product acts as tool for soil amendment owing to its beneficial impact on cation exchange that leads to higher water holding capacity and greater soil pH, and an affinity for macro and micro plant nutrients.

Although biochar applications have been increasing owing to its great agricultural and environmental contributions, there are also controversial restraining factors of the product. Cutting of timber, a major feedstock of biochar is the primary concern which might lead to complete deforestation and eventually threaten the food security. As this could compromise on the amount of rainfall useful for agriculture. Hence, to avoid this industry participants and government organizations are focused on producing it from saw dust, waste wood, rice husk, rice straw, empty bunches of fruit etc.

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The global biochar market is a moderately growing sector and numerous companies participate in the marketspace from different phase of the industry value chain. Some of the leading participants include BlackCarbon A/S , Biochar Industries, Swiss Biochar GmbH, Carbon Terra GmbH, Biochar Ireland, Sunriver Biochar, Pacific Biochar Benefit Corporation, Waste to Energy Solutions Inc., Airex Energy, Carbon Gold, Clean Fuels B.V., 3R ENVIRO TECH Group, Earth Systems PTY. LTD., ArSta Eco, Pacific Pyrolysis, Biochar Supreme, LLC, Phoenix Energy, The Biochar Company, Vega Biofuels, Inc., Cool Planet Energy Systems Inc., Biochar Products, Inc., Diacarbon Energy Inc., and Agri-Tech Producers, LLC.

Methanol Market Trends by Manufacturers, Regions, Type and Application, Forecast 2026

 The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Methanol Market Share, Size, Trends, & Industry Analysis Report, [By Feedstock (Natural Gas, Coal), By Derivatives (Formaldehyde, Acetic Acid, Gasoline, MTO, Gasoline, MMA), By End-Use (Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals), By Regions]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the natural gas feedstock segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.

 

Methanol is one of the largely produced chemicals in bulk by making use of feedstock such as natural gas and coal. Approximately 200,000 kilo tons of methanol is being consumed every day for the production of other chemicals or as transportation fuels. The global methanol industry apart from large number of producers constitutes of thousands of technology innovators, distributors, service providers, and downstream manufacturers.

 

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Rising formaldehyde manufacturing is primarily driving the global methanol demand. Methanol is a key chemical in the production of formaldehyde which is further modified to from glues, resins, and plastics. It is also used largely in the production of acetic acid which is used in the manufacturing of PET products and polyester fibers. Methanol is among one of the largest industrial chemicals that is an essential building block for other chemical compounds.

 

One of the fastest growing end-use of methanol in the current scenario includes methanol to olefins (MTO). Ethylene and propylene are olefins with massive demand in the plastic growth. MTO growth opportunities have majorly appeared in China and are typically produced by the steam cracking of ethane and naphtha.

 

Methanol market is crucially more complex with some of its derivative affordability highly dependent on fluctuations in the prices of crude oil. The global methanol industry is anticipated to witness moderate growth rates during the forecast period. This is due to maturity in direct gasoline blending and moderating growth rates of MTO projects, especially arising from the Northeast Asia.

  

The end-use applications of methanol are further serving applications in direct sectors such as packaging, textiles, construction, coatings, furniture, paints, and few others. The overall market demand of methanol is considerably complex and is impacted by several factors such as fuel consumption, fuel prices, biofuel mandates, environmental policies, plastic consumption, chemical demand, and consumer housing/construction markets.

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Asia Pacific is the dominant regional market for methanol followed by North America and Europe respectively. Northeast Asia is is the major region for the production of methanol. While the production stagnated in most of the regions since the turn of the century, it gained immense significance in Northeast Asia due to high demand from China.

 

Regions such as Middle East are low cost regions with competitive production, where it is basically a swing supplier to North America and Europe. The global ethanol pricing originates is China and on basis of same benchmarking the prices are set by the Middle East.

 

Global methanol market constitutes of large number of multinational and domestic companies and is highly fragmented. Some of the major industry players for methanol include Methanex Corporation, Methanol Production Company, Eastman Chemical Company, BASF SE, SABIC, and Petronas.

 

Automotive Adhesive & Sealants Market Size Strong Revenue and Competitive Outlook

The global automotive adhesives & sealants market is estimated to reach USD 7.01 billion by 2026 growing at a CAGR of 6.9% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Automotive Adhesive & Sealants Market Share, Size, Trends, & Industry Analysis Report, By Resin Type (Epoxy, Acrylics, Polyurethanes, Rubber, Polyvinylchloride, Silicones); By Technology (Hot Melt, Pressure Sensitive); By Vehicle Type; By Sales Channel; By Regions]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the passenger vehicles segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2018.

 

The increase in the demand for light weight passenger vehicles, and growth in global automotive industry majorly drives the market growth. The increasing need to enhance vehicle performance and reduce noise and vibration of vehicles along with increasing modernization of vehicles supports the market growth. The growing demand for vehicles from emerging economies further increases the application of automotive adhesive. The rising penetration of electric and hybrid vehicles, growing adoption of sustainable adhesives, and introduction of government regulations accelerate the market growth. New emerging markets, increasing adoption of bio-based adhesives, and technological advancements would provide growth opportunities in the Automotive Adhesive & Sealants Industry in the coming years.

 

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Asia-Pacific generated the highest market share in the global Automotive Adhesive & Sealants Industry during 2018. The growing urbanization, and rising population has accelerated the market growth in the region. The introduction of vehicular regulations and growing penetration of electric and hybrid vehicles increase the adoption of automotive adhesive in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region.

 

The economic growth in countries such as China, Japan, and India, rising living standards, and growing disposable income further increase the demand of automobiles in Asia-Pacific. Expansion of global players into these countries to tap market potential boosts the growth of the Automotive Adhesive & Sealants Market. Technological advancements and established R&D institutes in China and Japan further supports the market growth.

 

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The well-known companies profiled in the report include The DOW Chemical Company, Henkel & Co. KGaA, 3M Company, Solvay S.A., Sika AG, Franklin Adhesives and Polymers, BASF SE, Evonik Industries AG, Illinois Tool Works Corporation, and Bostik S.A. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Fuel Cell Market Size, Growth, Opportunities, Scope & Detail Survey

The report ‘Fuel Cell Market Share, Size, Trends, & Industry Analysis Report, By Type (Solid Oxide Fuel Cells, Phosphoric Acid Fuel Cells, Proton Exchange Membrane Fuel Cells, Molten Carbonate Fuel Cells); By Application; By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the stationary application segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period. The global fuel cell market is estimated to reach USD 13.71 billion by 2026 growing at a CAGR of 17.5% during the forecast period, according to a new study published by Polaris Market Research

Government regulations and favorable public initiatives regarding energy consumption have boosted the adoption of fuel cell. Growing concerns regarding environment, increasing demand for unconventional energy sources, and increasing adoption of power efficient energy systems further support the market growth. Additionally, higher efficiency offered by fuel cells as compared to other power generating systems, and growth in adoption of distributed power system would boost the market growth during the forecast period.

 

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Other factors supporting market growth include supportive government regulations, increasing awareness, adoption of green technologies, and technological advancements. Increasing investments by vendors in advancements in hydrogen storage, and increasing demand of fuel cell vehicles further boosts the market growth.

 

Asia-Pacific generated the highest revenue in the fuel cell industry in 2018, and is expected to lead the global market throughout the forecast period. The increasing awareness among consumers, and rising environmental concerns drive the fuel cell market growth in the region. The governments in the region are investing significantly to promote the adoption of fuel Cell. The increasing application of fuel cells in commercial, and transportation sector further supports the market growth in the region. The increasing penetration fuel cell electric vehicles, and significant increase in power consumption accelerates the adoption of fuel cells in the region.

 

The Phosphoric Acid Fuel Cells (PAFCs) use liquid phosphoric acid, ceramic electrolyte and a platinum catalyst. PAFCs operate at a higher temperature, and are capable of handling small amounts of fuel impurities. PAFCs are used in high-energy demand applications, such as hospitals, schools, and manufacturing and processing centers. Solid Oxide Fuel Cell (SOFCs)

 

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are the highest temperature fuel cells, operating at about 1800 degrees Fahrenheit. SOFCs use a dense layer of ceramic as an electrolyte, a non-platinum catalyst, and are commonly fueled by natural gas. SOFCs can achieve electrical efficiencies of 50% to 60%, and 70%-80% in CHP applications. SOFCs are used in applications such as small residential auxiliary power units, and large-scale stationary power generators for buildings and businesses.

 

The well-known companies profiled in the report include Aisin Seiki Co. Ltd., Ceres Power Holdings PLC, Plug Power Inc., Panasonic Corporation, Ballard Power Systems, Inc., Nedstack Fuel Cell Technology, Horizon Fuel Cell Technologies, Intelligent Energy Limited, Mitsubishi Hitachi Power Systems, Ltd., and Toshiba Fuel Cell Power Systems Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Proteinase K Market By Trends, Size, Share, Company Overview, Growth And Forecast

 The global proteinase K market size is predicted to reach US$ 107.5 Million by 2027 according to a new study by Polaris Market Research. The report “Proteinase K Market Share, Size, Trends, Industry Analysis Report, By Therapeutic Area (Infectious diseases, Diabetes, Oncology, Cardiology, Nephrology, Autoimmune diseases, Neurology, and Others); By Form (Powder, and Liquid), By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The global proteinase K demand is anticipated to grow owing to the increasing prevalence of COVID-19 cases, establishment of universities and government-funded laboratories, population-based studies, and innovations in bio-catalysts. Furthermore, the rising number of designated laboratories which perform western blotting, polymerase chain reaction, and in in-vitro research studies is expected to drive market demand for proteinase K.

 

The increasing market demand for proteinase K for pre-treatment of COVID-19 infections is expected to drive product demand. Furthermore, the increasing demand for point of care diagnostics and the growing utility of proteinase K in PoC is expected to drive market demand. In addition, the use of proteinase K for in situ hybridization is likely to complement the proteinase K industry growth.

 

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Segment Highlight

• The infectious diseases segment accounted for the largest revenue share in 2019 owing to the sudden spike in viral infections associated with COVID-19. In addition, the increasing demand for proteinase K for treatment of several infections is likely to complement market growth.

 

• Based on form, the proteinase K powdered segment is projected to constitute almost half of the market by the end of 2027. The segment holds the major market share due to its stability in the powered form and it is easy transport.

 

• North America accounted for the largest revenue market share in 2019. This can be attributed to sudden spike in COVID-19 infections, presence of key manufacturers in the market, and the government-sponsored population-based studies boosting the consumption of proteinase K.

 

List of Key Players

• Merck KGaA
• BBI Solutions
• Codexis, Inc.
• SBS Genetech Ltd.
• Hoffmann-La Roche Ltd
• Amicogen
• Amano Enzyme Inc.
• Advanced Enzymes Technologies Ltd
• Others

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Polaris Market Research has segmented the proteinase K market report on the basis of therapeutic area, by form, and geographic region.

 

Proteinase K, Therapeutic Area Outlook (Revenue – USD Million, 2016 – 2027)

• Infectious diseases
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune diseases
• Neurology
• Others

Proteinase K, Form Outlook (Revenue – USD Million, 2016 – 2027)

• Powder
• Liquid

Proteinase K Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America (U.S., Canada)
• Europe (France, Germany, UK, Spain, Netherlands, Austria)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• MEA (Saudi Arabia, UAE, Israel, South Africa)

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Legal Marijuana Market to Expand with an ASTONISHING CAGR During The Forecast Period 2020-2027

 The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027 according to a new study by Polaris Market Research. Increasing penetration of Legal Marijuana in applications other than recreational such as pharmaceuticals, and increasing medical prospects are some of the factors propelling the market growth. Legal Marijuana is being used for treating a wide variety of diseases including cancer, arthritis, neurological conditions, Parkinson’s diseases, among others and this factor is expected to propel market growth.

 

Pain management therapies segment is witnessing rapid growth across the globe. This therapy is increasingly being used to treat elders suffering from chronic pain. Legal Marijuana are finding wide applications in pain management therapies due to their overall efficacy, easy availability and relatively low prices as compared to other counterparts and this trend is expected to benefit the overall Legalized Cannabis market growth over the forecast period.

 

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Several studies have pointed out that the usage of Legal Marijuana to treat mental disorders yield desired and positive results. Changes in lifestyle and fast paced lifestyles, advent of nuclear families, social media, among others are some of the factors that have resulted in rising number of mental disorders such as depression, anxiety disorders, Alzheimer’s diseases, etc. This trend is expected to benefit the demand for Legal Marijuana for mental disorder treatment and thus boosting the market growth.

 

North America emerged as the largest market for Legal Marijuana in the year 2019, and the segment is expected to continue to lead the market in terms of penetration and is also expected to witness a robust growth rate during the forecast period. A major contributor to this scenario is the strong demand from the U.S. There is widespread usage of Legal Marijuana in the country and this has resulted in the U.S. being one of the foremost consumers of Legal Marijuana across the globe.

 

Many states in the U.S. have issued clear directives as well as regulations pertaining to the usage of Legal Marijuana. This has resulted in widespread generalization pertaining to its usage. Other states which have not yet drafted such regulations, are under constant pressure from advocate groups, associations, among others for doing the same. All in all, the advent of Legal Marijuana is set to have a long-term impact on the food & beverage industry in the country.

 

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Some of the major market participants include Cannabis Sativa, Inc., United Cannabis Corporation., Tikun Olam, Ltd., Tilray., Lexaria Corp., GW Pharmaceuticals, plc., Canopy Growth Corporation., Aurora Cannabis, Aphria, Inc, and Maricann Group, Inc. among others. Broadening of product portfolio, strong analysis of consumer buying behavior, and efforts taken to increase awareness regarding Legal Marijuana usage are some of the key industry scenarios. Companies often have to navigate through different regulations in different parts of the world and have ensure strict compliance to it prior launching their products. In countries such as the U.S., different regulations exist for different states.

 

5G Services Market 2020 Industry Growth, Business Opportunity, and Leading Players

 The global 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new study by Polaris Market Research. The report “5G Services Market Share, Size, Trends, Industry Analysis Report, By Communication Type (FWA, eMBB, uRLLC, mMTC); By End-Use (Smart Cities, Connected Workers, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare); By Industry Vertical (Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, Retail, Agriculture, O&G and Mining, BFSI, Construction, and Real Estate); By Regions; Segment Forecast, 2021 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

5G is the next generation cellular technology, offers download speeds approximately 100 times faster than 4G LTE networks. 5G services improve telecommunication service providers and businesses to deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in comparison to the previous technologies.

 

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The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media and entertainment industry and on-demand content is being increasingly preferred by the younger generation.

 

Robust deployment of 5G services, networks, and infrastructure advancement to provide enhance services for the customers is projected to drive the demand in the forecast years. Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Therefore, the demand for 5G services can likely be engineered 5G component to make its use in a cost-effective manner.

 

Market participants such as AT&T Inc., Bharti Airtel Limited, BT Group plc,  China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and Vodafone Group are some of the key players operating in the global market.

 

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Recent key initiatives by the key industry players show expresses the need of such services. For instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G Android based operating system smartphone and launch services as well. Telefonica Deutschland has signed contracts with multiple vendors to build 5G cellular network across Germany.

 

The 5G services manufacturers are focusing on enhanced mobile broadband (eMBB) segment to deliver higher capacity and higher user mobility that will enable broadband services of mobile in moving vehicles including car, buses, trains and planes. In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. Furthermore, the IT and telecom vertical are expected to rise in the coming years as the growing demand for higher data speeds and enhanced virtual business meetings.

 

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Telepharmacy Market Likely to Expand Splendidly During The Forecast Period 2020-2027

 The global telepharmacy market size is expected to reach USD 71.43 billion by 2027 according to a new study by Polaris Market Research. The report which is titled as “Global Telepharmacy Market Share, Trends, & Size Analysis Report By End-use (Primary Care Centers, Hospitals, Others), By Services (Pharmacy Consultation, Remote Order Entry), By Segment Forecasts, And By Region, 2020 To 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Telepharmacy refers to the process of delivering the pharmaceutical care through telecommunications to the patients across various locations where getting consultation from any healthcare professional is next to impossible. Telepharmacy is a subset of telemedicine which is a wider term used by the healthcare experts.

 

Certain services involved in telepharmacy includes patient counselling, drug therapy monitoring, refill authorization and prior authorization needed for the prescription drugs. Other telepharmacy services comprises of monitoring the formulary compliance through the deployment of videoconferencing or teleconferencing. Telepharmacy may also involve remote delivery of medicines through automated labelling and packaging systems. In addition, the delivery of telepharmacy services may even be performed through the assistance of healthcare facilities such as nursing homes, hospitals or other healthcare institutions. Telepharmacy may also deploy videoconferencing technique across the pharmacy in order to provide management, training and education services to pharmacy staff and pharmacists remotely.

 

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The prominent factors favoring the global market growth include advancement in technology, substantial investments in telepharmacy and rise in the prevalence of diseases. Telepharmacy offers medical care at minimal costs to the rural and other backward regions worldwide. For instance, the advancements in telehealth technology that includes faxes, videoconferencing, electronic healthcare information gathering techniques including, electronic health record (EHR).

 

These key technologies allow the pharmacists to proactively contribute novel and unique ways to enhance the usage of medicines in healthcare settings that include, hospitals, community pharmacy locations, nursing home as well as various other healthcare facilities. Moreover, the rising internet penetration worldwide has resulted in increasing preference for online healthcare services. Furthermore, the ongoing COVID-19 pandemic worldwide has driven the demand for maintaining social distancing amid lockdown which has in turn fueled the demand for online healthcare services that’s also anticipated to contribute to market growth.

 

There’s significant variation in the implementation practices for telepharmacy depending on the region for implementation and its jurisdiction. Some key factors that include, economics, regulations and laws coupled with geography highly influence the implementation of telepharmacy. United States, Australia, Canada, Venezuela, Spain, Japan, Italy, Guam, Germany, England, Cuba, Belgium, and Bahrain are some of the nations that have deployed remote and automatic medical supply dispensing machines. Also, patients are being provided with medicines at the pharmacy outlets through the use of videoconferencing and that too without any requirement of a full-time pharmacist.

 

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Market participants such as Medication Review, Inc., North West TelePharmacy Solutions, McKesson Ventures, Pipeline Health Holdings, Mitsui & Co., Inc., MedTel Services, TelePharm, LLC, One Touch Telehealth, Comprehensive Pharmacy Services, Inc., AMN Healthcare, and Telepharmacy Solutions, Inc. are some of the key players operating in the global market.

 

Players in the market are focusing on strategic partnership with other key companies to strengthen their market position across the globe. For instance, in June 2019, Pipeline Health Holdings which is a telepharmacy company has entered into a partnership agreement with YouScript Incorporated in order to provide highly-personalized prescribing software tools across its advanced platform referred to as PowerGridRx. This strategic partnership agreement is anticipated to enhance patient results through providing safe and optimal medical aid to each patient. PowerGridRx platform comprising of personalized prescribing software tools is combined with EHRs can simply offer key services to healthcare institutions such as hospitals, clinics, ambulatory surgical centers (ASCs) and other key healthcare facilities.

Medical Drones Market 2020 Industry Growth, Business Opportunity, and Leading Players

 The global medical drones market size is expected to reach USD 947.6 million by 2027 according to a new study by Polaris Market Research. The report “Medical Drones Market Share, Size, Trends, Industry Analysis Report, Drone Type (Fixed Wing, Rotor Drone and Hybrid Drones); By Application (Blood transfer, Drugs/Pharmaceutical Transfer, Vaccination Programs), End-Use (Emergency Medical Services, Government Organizations, and Blood Banks), By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Medical drones refer to the aerodynamic pods that are being deployed to transport key medical supplies that comprises of primary medical aids, vaccines, and drugs. Through the development of highly advanced technology has resulted in notable adoption of medical drones across the hospitals and military bases.

 

There’s continuous ongoing research in this field to develop new products with superior accuracy and speed in delivery of medical supplies to the targeted location. These drones can be either operated manually or they can be strategically programmed for performing long-distance flights and following the designated route precisely. In addition, they also have several key benefits such as they don’t require any landing space and can be programmed to drop the supplies by flying near to the ground.

 

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Further, the impressive capability of these drones to make a flight over the closed zones and that too without any requirement of crew is the key reason for their high demand. Some other major benefits include, transporting blood samples or other lab samples to remote and small hospitals and clinics; medical support or telemedicine including, drugs, diagnostics, or key medical tools that include, portable ultrasound to remote locations or tough military terrain.

 

Apart from this, this technology also offer benefits such as medical supplies that include, anti-venom or vaccines to the disease exposed or disaster relief regions, providing medical supplies and prescriptions to people who are hard to reach such as those at home or at sea. Moreover, providing defibrillators to patients suffering from cardiac arrest and offering organs required for transplantation are some major applications of medical drones.

 

Market participants such as Zipline, DJI, DHL, TUDelft, Flirtey, Embention, Matternet, Vayu, and EHang are some of the key players operating in the global market. Zipline drones, the frontrunner in the market, have cumulatively flown more than 1 million kilometres in Rwanda with more than 13 thousand deliveries. In the outskirts of Kigali, drones carried 35% of blood samples to be transfused. The Ghana the company is also started delivering COVID-19 testing kits.

 

Players in the market have primarily adopted partnership strategy to strengthen their position in the global market. For instance, in June 2020, TechEagle has partnered with Zomato to boost the delivery of medical supplies via drones all across the regions in India that are facing floods and due to the ongoing COVID-19 pandemic situation.

 

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The UK based research firm Nesta in its report titled “Flying High” in collaboration with NHS discussed the possibilities of rapid transportation of medical necessities in between the UK hospitals based in London. This move could bring faster delivery, reliable cost cutting, and improved timely patient care, even to the accident areas. It is being estimated that the use of medical drones could result in saving USD 21 billion in the annual cost to the country’s economy.

 

 

Powder Coatings Market to Witness profit-making Growth Over 2020-2026

 The Global Powder Coatings Market is anticipated to reach USD 16.85 billion by 2026 according to a new study published by Polaris Market Research.

 

Shifting trend towards usage of powder coatings in place of PVDF liquid due to higher utilization rates, easy application and lower impact on environment is expected to boost the global powder coatings market over the forecast period. Due to the heavy impact of volatile organic compounds (VOCs) on the environment, various regulatory bodies and governments have implemented strict regulations on the usage of solvent based conventional coatings, which in turn having an effect on the rising demand of powder coatings.

 

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Various advantages of using powder coatings including better finishing capabilities and lower thickness of films is also boosting the demand for powder coating across the globe. The thickness of films has a significant effect on the production costs, hence the thinner films cause decreased manufacturing costs for specific application areas including automotive parts, coils, and cans among others. For example, PPG industries has launched a product named Envirocron, which increases the transfer efficiency for applications such as aluminum extrusion and metal furniture among others.

 

Asia-Pacific is expected to hold the largest share in global powder coatings market followed by Europe. North America is estimated to stay in the third position throughout the forecast period after Asia-Pacific and Europe both in terms of volume and revenue. Growing demand for furniture, growing urbanization and subsequently expanding retail industry is anticipated to be the major driving factors boosting the Asia-Pacific powder coatings market. As per Polaris Market Research, the Asia-Pacific furniture market is expected to grow at a CAGR of 5.9% from 2018 to 2026, which is estimated to boost the demand for powder coatings in the region.

  

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The major drivers boosting the global powder coatings market are low negative impact on environment, low film thickness and booming automotive industry among others. Higher maintenance cost is acting as one of the major restraints for the growth of the market. The usage of aluminum extrusions is highly common in North America, specifically in the architecture segment. According to a study conducted by Polaris Market Research, the global architectural coatings market was pegged at USD 47.34 billion in 2015, majority of which includes powder coatings. According to The Asian Development Bank (ADB), 55% of Asian population will be in cities by 2030 and the urban population in Asia has grown by 44 from 2015 to 2017, which is boosting the demand for furniture, cars as well as architecture, which in turn is driving the powder coatings market.

 

Sherwin-Williams had top the company market share in North America during 2016, followed by PPG Industries. This two companies combined had a share of almost 60% in North America during 2016. While, PPG industries captured over 60% company market share in case of Asia-Pacific during 2016, followed by Nippon. The top players operating in the Europe market are PPG Industries, AkzoNobel, Tikkurila, Caparol and Materis among others.

 

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