Global Stem Cell Therapy Industry Witnesses Steady Growth

Stem cell research which is one of the most contemporary areas of biology has developed rapidly in the last couple of years. Increased funding in stem cell research by both government and private organizations is one of the main drivers in the stem cell therapy industry. Stem cells are used in various medical therapies such as bone marrow transplant. Currently research is underway to use stem cell therapy to prevent and treat diseases such as diabetes, cardiovascular diseases, cancer, and neurodegenerative diseases such as Alzheimer’s, Parkinson’s and ALS. With growing prevalence of these diseases, the market for stem cell therapy is expected to grow in the future. By 2020, the global stem cell therapy market is expected to reach a value of 330 million, growing at a compound annual growth rate of 39.5 percent from 2015 to 2020.

The development of induced pluripotent stem cells, increased research activities for stem cell research, and evolution of new stem cell therapies are some of the factors which are propelling the growth of the global stem cell therapy market. The global market for stem cell therapy can be segmented on the basis of therapeutic applications, treatment mode and geographical region. On the basis of mode of treatment, the market can be segmented as Allogeneic stem cell therapy and autologous stem cell therapy. On the basis of therapeutic applications, the global market for stem cell therapy is segmented into metabolic diseases, central nervous system diseases, immune system diseases, cardiovascular diseases, eye diseases, musculoskeletal disorders, gastrointestinal disorders, wounds and injuries, and other diseases. By geographical area, the market can be divided into North America, Asia-Pacific, Europe and rest of the world.

Although the market for stem cell therapies is growing steadily, there are a few challenges in the market. Difficulties related with preservation of stem cells, immunorejection after stem cell transplantation, complexities involved in identifying stem cells in adult tissues, and ethical issues related to embryonic stem cell are some of the restraints in the growth of the stem cell therapy market. Currently North America is the dominant nation in the stem cell therapy industry. This dominance of the North American market is primarily attributed to the accelerated approval for stem cell therapeutics by the FDA and development of advanced genomic methods for stem cell analysis. However, in the next five years, the market in Asia-Pacific region is poised to grow steadily. Key players in the global stem cell therapies market are Stemcells Inc., Cellular Dynamics International, Advanced Cell technologies Inc., Gamida Cell Ltd., Aastrom Biosciences Inc., Fibrocell Science Inc., and Cytori Therapeutics Inc.

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Global Lubricant Market Driven by Increased Demand in Automotive Industry

With growth in the automobile industry, the demand for lubricants has also increased. The robust growth in manufacturing with increase in industrial production, particularly in countries such as China and India are also fueling the demand for lubricants. In 2013, the global market for lubricants had reached a value of 123.64 billion USD. By 2020, the marked is forecasted to reach a value of 178.87 billion USD, growing at a growth rate of 2.58 percent. Surge in the automotive industry in emerging economies is one of the main drivers of growth in the global lubricant market. However, lubricant demand in North America and Europe continues to stagnate, below pre-recession levels, which might contribute to the waning of the overall market.

In recent years, with the introduction of innovative technologies and advancement in production and business techniques, the market for lubricants has flourished. Rapid industrialization, increase in affluence and spending by the middle class, and greater demand for bio lubricants and synthetic lubricants are some of the factors that are fueling the growth of the market. Key players in the global lubricant market are Shell, Exxon Mobil Corporation, Chevron Corporation, BP Plc, PertoChina, Petrobras, JX Holdings, Lukoil, Petronas Chemicals Group, and Sinopec Limited. Shell is the market leader with a 12 percent market share of the overall market in 2012. Exxon Mobil Corporation and BP Plc are in 2nd and 3 rd position and account for 10 percent and 7 percent of the market share.

The global market for lubricants can be segmented on the basis of application, product type and geographical area. On the basis of product type, the lubricant market can be segmented as synthetic oils, base oil, biodegradable lubricants, solid lubricants and others. On the basis of application, the global market for lubricants can be segmented into automotive oils, metalworking fluids, industrial oils, aviation and others. In the last couple of years, the demand for synthetic and semi-synthetic lubricants has increased. Increasingly stringent fuel-consumption and emission norms, rigorous OEM specifications, and demand for improved performances are some of the factors that will drive the demand of synthetic and semi-synthetic lubricants in the future. As governments recognize the need to decrease crude oil dependencies, the market for bio-based lubricants is also expected to increase.

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Global Cybersecurity Market Driven by Increase in Cyber Attacks

In recent years, the global market for cybersecurity has grown steadily, with the rapid adoption of cloud-based services. As more and more corporate and government organizations are realizing the importance of protecting data and intellectual property, the market for cybersecurity is going to expand. In 2014, the global market for cybersecurity was valued at 95.60 billion USD. By 2019, the market is estimated to reach a value of 155.74 billion USD, growing at a compound annual growth rate of 10.3 percent from 2014 to 2019. The market for cybersecurity is a highly competitive one with only a few large suppliers worldwide. In spite of reduction in defense spending in Europe and North America due to the economic crisis, spending on cybersecurity has not decreased.

Some of the factors which has fueled the growth of the global market for cybersecurity are rise in cyber attacks on the military and IT infrastructure, increased spending by countries on strengthening cybersecurity, and rapid adoption of cloud-based services. Additionally, increased implementation of cybersecurity by different corporations to safeguard their financial and intellectual data is also driving the market. The global cybersecurity market can be segmented on the basis of services, types, solutions, industries and regions. On the basis of services, the market can be segmented as design and integration, managed security services, consulting, risk and threat assessment, and training and education. On the basis of solutions, the cybersecurity market can be segmented as data loss protection, antivirus and antimalware, risk and compliance management, unified threat management, encryption and disaster recovery.

It is seen that in most countries, the private sector accounts for the major chunk of cyber security spending. However, in the US government spending on cybersecurity is equivalent to that of private sector. Key players in the cybersecurity market are Cisco Systems, Symantec Corporation, IBM, Lockheed Martin Corporation, McAfee Inc., Northrop Grumman, Sophos, and Juniper Networks. Currently North America is the largest market for cybersecurity in the world. However, in the coming years, Asia Pacific is expected to account for a larger share in the cybersecurity market. Growing cyber threats and increasing awareness among corporations, financial institutions, public sector and technological companies are going to drive the global cybersecurity market in the future.

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Global Epilepsy Drug Market Continues to Grow Steadily

The global epilepsy drug market has grown steadily in recent years with increased sales of anti-epileptic drugs which are targeted at reducing seizures. Epilepsy is a condition which affects the brain and is characterized with repeated seizures in the patient. Treatment for epilepsy usually involves the use of medicines known as anti-epileptic drugs which prevents seizures from occurring. Some of the factors that are driving the growth of epilepsy drug market are reduction in the price of anti-epileptic drugs, launch of newer generation of drugs and the greater acceptance of second-line drugs by physicians. In 2012, the global market for epilepsy drugs was valued at 3.4 billion USD. In the period from 2013 to 2018, the market is expected to grow at a compound annual growth rate of 5.06 percent.

There are currently more than 20 anti-epileptic drugs in the market. However, there are a large number of epileptic patients who do not respond to these conventional drugs. New drug development aimed at this group of patients is going to drive the sales of new-generation anti-epileptic drugs. North America is the largest market for epileptic drugs, followed closely by Europe. Extensive research and development in the area of epilepsy drugs and greater availability of new anti-epileptic drugs are some of the main factors that are fueling the growth in the market in the US. In the coming years, demand for anti-epileptic drugs is going to increase in Asia-Pacific, particularly China and India. Increased incidences of epilepsy and increased availability of newer anti-epileptic drugs are some of the reasons for the demand in the market in Asia-Pacific.

On the basis of drug availability, the global epileptic drug market can be segmented into two major categories – first generation anti-epileptic drugs and second-generation anti-epileptic drugs. Carbamazepine, oxycarbazepine, valproate, and phenytoin are some examples of first generation anti-epileptic drugs which dominates the global epilepsy drug market. Second generation anti-epileptic drugs include lamotrigine, zonisamide, and perampanel. In recent years, the global market for epilepsy drugs has been dominated by drugs such as UCB Pharmaceuticals Keppra and GlaxoSmithKline’s Lamictal. However, due to better efficacy and improved tolerability, second-generation anti-epileptic drugs are also gaining ground in the market. Key players in the global market for epileptic drugs are GlaxoSmithKline Plc, Valeant Pharmaceuticals International, Novartis AG, Pfizer Inc, Abbot Laboratories and Sanofi Inc. With new market entrants, product development and greater acceptance of second-generation anti-epileptic drugs, the global market for epilepsy drugs is forecasted to increase.

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Global Meat and Poultry Product Market to Witness Steady Growth

As global demand for meat and poultry products continues to rise, the market for meat and poultry is also expected to grow steadily. The market for meat and poultry products is driven by rise in disposable income, growing awareness among consumers about the importance of adding protein to their diet, and change in eating habits. Declining feed prices and demand of meat products from developing countries have also contributed to the growth in the industry. In the coming years, the global market for meat and poultry products is expected to grow at a compound annual growth rate of 3.9 percent.

According to the Economic Research Service of USDA, currently United States is the largest producer of poultry meat. In terms of market segmentation, the highest demand is for pork and offal meat, and this segment accounts for nearly 34 percent of the overall global demand. This is followed by beef and poultry meat products. In the coming years, the demand for beef and pork meat is forecasted to increase with high demand from Asia, particularly China, Vietnam and Hong Kong. Some of the key players in the global meat and poultry market are Tyson Foods, Cargill Meat Solutions, JBS USA, Hormel Foods Co. and Smithfield Foods. Of these, JBS USA, Tyson Foods and Cargill Meat Solutions are considered to be the biggest players in the industry that control the global meat and poultry product market. Many of these companies are seeking to expand their market reach through mergers and acquisitions.

With rise in the consumption of both fresh and processed poultry, the market for poultry meat is expected to rise in the future. Compared to red meat such as beef, pork and veal, poultry is rich in protein and low in saturated fats and calories. As such, the demand for poultry products has gone up considerably in recent years. The majority of demand for poultry products will be in the form of chicken meat. Currently the market is witnessing a trend towards organic, free-range and grass-fed meat and poultry products. Due to rising health awareness amongst consumers, the demand for low-fat, low-calorie and low-sodium processed meat products have also gone up. With change in people’s meat consumption patterns and rise in disposable income, the market for meat and poultry products is expected to thrive.

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Global Budget Hotel Market Driven by Increase in Business Travel

In the aftermath of the global economic crisis, the hotel industry had witnessed declining growth, particularly in the luxury hotel segment. However, in the past couple of year, the hotel market has recovered, bolstered by a rise in demand. With rise in disposable income in Asian countries, increase in business travel and growing demand for affordable and convenient lodging. As business and leisure tourism booms across the world, more and more travelers are looking for accommodations that provide value for money. The global market for budget hotel has witnessed steady growth and it is now one of the fastest growing sectors of the tourism industry.

Currently the US is the largest market for budget hotels. In 2013, the US budget hotel market was valued at 12.4 billion USD. Europe is also one of the key budget hotel market with high growth being witnessed in France and the UK. After the economic crisis and the eurozone debt crisis, there was a decline in consumers’ disposable income, which led consumers to seek budget hotels for business and leisure purposes. This in turn led to the growth of the budget hotel sector in Europe. Some of the key players in the European budget hotel industry are Premier Inn, Motel One, Z Hotels and Ibis.

Latin America, Asia and UAE’s budget hotel category had also registered strong growth in recent years. The budget hotel category has seen unprecedented growth in China with budget hotels such as Home Inn, 7 Days Inn, and Jinjiang Hotel. Overall the global budget hotel sector has seen room supply increase over the last couple of years. Leading international luxury hotel chains have also realized the significance of the budget hotel category and they have set up economy brands to focus exclusively on budget hotels category.

New players are also joining the bandwagon and many hotel chains have plans of developing budget hotels. Many local players are also expanding their presence in the budget hotel sector by opening hotels in tier II and tier III cities such as Zhengzhou, Chongqing and Wuhan in China and Cochin, Ahmedabad and Pune in India. The recovery in the global housing market and rise in hotel investment, particularly from private equity firms is going to fuel the growth in the budget hotel sector. With a burgeoning middle class, rise in disposable income and increase in travel for business, the market for budget hotels is expected to thrive in the future.

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Global e-book Market Continues to Thrive with Growing Popularity of e-Readers and Tablets

In recent years, there has been an unprecedented growth in the sale of e-books with more and more people taking to reading electronic books on e-book readers. The digitization of content and its delivery over the internet has changed the face of the book publishing market. While the market for print books is declining, the e-book market has witnessed a boom and currently, it is the fastest growing segment in the book publishing industry. Increase in portable device penetration, the success of self-publishing, and surge in the usage of smartphones and easy access of reading apps are some of the key factors that has fueled the growth of the global e-book market. According to analysts, the e-book market in the United States is going to surpass that of print book market by the year 2017. In the last couple of years, the number of people who have accessed, downloaded and shared e-books has gone up steadily.

Some of the leading global players in the global e-book market are Amazon, Barnes & Noble, Apple, Google and Kobo. Currently the US and the UK are the largest market foe e-books. However as Amazon, Kobo and Apple expand in new territories, countries such as Belgium, Norway, Japan, France, and Germany are expected to witness steady growth. It is interesting to note that in 2012 the market share of e-books was 13 percent in the US and 11 percent in the UK.  In segments such as literary fiction, particularly adult fiction, revenue from the sale of e-books is the strongest. In the US, literary fiction accounts for up to 50 percent of overall e-books sale in 2012. With some highly successful self-publishing authors, it is estimated that self-publishing, particularly in the fiction genre is going to drive the market of e-books.

However, the e-book market comes with its own unique set of challenges. Piracy of e-books, legal and pricing battles between publishers and retailers, and saturation of migration of readers from print to digital in the US and the UK are some of the challenges in the e-book market. The dispute between publishing house Hachette and Amazon about the retailer’s steep discounting of e-books has negatively impacted the market. For the e-book market to grow, publishers and retailers need to reconsider their pricing policies. High pricing of e-reading devices in emerging markets such as India, Russia, Brazil and China are some challenges that international publishers face. In the coming years, despite these obstacles, the global market for e-books is expected to grow steadily.

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Challenges in the Tourism Industry in Thailand

Thailand has always been a popular tourist destination and tourism provides a major boost to the country’s economy. Bangkok, Hua Hin, Krabi, Samui, Phuket and Cha Am are some of the most attractive tourist destinations in the country.

In 2012, Thailand had a very high number of arrivals. Even the number of Thai citizens who traveled within the country increased. Travel accommodations such as hotels and resorts witnessed various international chains and local chains open new hotels, mainly in the major cities of Thailand.

In 2013, Thailand welcomed more than 26.7 million visitors. The country surpassed 2013’s original target of 26.1 million visitors, representing a 19.6% increase in the number of foreign tourists who visited Thailand in 2012.

However in February 2014, the tourism industry in Thailand has been warned that it will potentially lose revenue to the tune of $2.69 billion if the violent protests and political turmoil in the country dragged for another few months. TAT (Tourism Authority of Thailand) has estimated that the number of international tourists visiting the popular winter sun destination will drop by 900,000 over the next six months from February 2014. The biggest fall will be in tour groups segment that accounts for around 30-35% of the visitors. However, TAT is in talks with eight tourism associations in order to market themselves during this rough period.

According to National News Bureau of Thailand, since the protests started, tourists’ arrivals for 2014 have been revised from 28.1 million (which was predicted in July 2013) to 27.5 million.

In the first week of December 2013, visitor arrivals at the Bangkok International Airport fell by 15% in comparison to the same period in 2012. However, the tourism arrivals witnessed an increase of over 20% from January to November in 2013 compared to the same period in the previous year.

Thailand is also one of the top medical tourism destinations in the world. Medical tourism is an innovative way of integrating medical services with leisure travel. Medical tourists across the world have increased rapidly from 20 million in 2006 to 40 million in 2012.

Tourism industry in Thailand accounts for more than 7% of Thailand’s economy. Hence, the country needs to bounce back from the current political tension that Thailand is facing to ensure future growth in the tourism industry.

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Future of the US Consumer Electronics Market

The market for consumer electronics has been growing steadily. Some of the factors that are contributing to the growth in the market are technological advancement, rise in disposable income and increasing demand for new products.

During 2012, consumer electronics market in the US demonstrated positive expansion, although the growth rate slowed down considerably following the post-recession rebound. Highly seasonal market for high value consumer electronics led to more dependence on the holiday sales period. However, higher consumer confidence boosted the fortunes of retailers.

In 2012, smartphones and computers led sales in the US consumer electronics market. On the other hand, in-home consumer electronics and in-car entertainment continued to struggle.

In 2012, US economy continued its weak recovery, but weak housing markets and high unemployment kept a lid on consumer discretionary spending. US consumer electronic industry’s performance from manufacturers and consumer electronics retailers was generally negative in 2012 due to the fierce competition and economical behavior of consumers.

In terms of competition, consumer electronics retailers in US continue to feel the pressure from the general big box discounters such as Target and Walmart, as well as from online competitors like Amazon. Wide product availability of increasingly commoditized offerings, customer’s focus on price and increasing online price transparency has enabled the online channel to take share from traditional consumer electronics retailers.

Consumer electronics stores came under pressure due to the economic slowdown, as consumer confidence and customer traffic went down. Growth will be modest in the future, but the revenue is anticipated to pick up due to a number of positive upcoming trends. As business sentiments picks up along with disposable income, consumers will demand electronics that employ the latest technologies like tablet computers and smartphones.

Digital cameras & camcorder, tablet, analog & digital TV, video/audio equipment and personal computers are consumer electronics that are primarily supported by application sectors. The global consumer electronics market is estimated to be worth $1.6 trillion by 2018.

Home appliances and consumer electronics are heavily integrated into the daily routine of Americans. Many major consumer electronics companies are well set in the US market and are expected to grow in the near future.

 

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Overview of the Global Retail Market

The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers.

According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and Uruguay were ranked second and third respectively. Controlled inflation, continued economic and political stability, and sustained economic growth have created a favorable environment for retail development in these Latin American countries. China is ranked fourth but due to the double digit sales growth and rising consumer demand, the Asian country remains a retail powerhouse.

Germany is the most attractive country in terms of the global retail market, as it provides the opportunity to target 20 large cities in one market. It is ahead of UK, France and China. Over 40% of the retailers around the world plan to open a store in Germany in 2014, and this figure increases to 70% when only European retailers are taken into account.

For American retailers, Germany is the second-most important target. In March 2014, sales in US retailing jumped 0.9%. This was the biggest increase since September 2012.

The latest trend in the retail market is the adoption of technology. Technology has enabled consumers to enjoy anytime, anywhere shopping experience. Companies need to have an online presence to increase their customer base and business.

The retail sector has undergone significant transformation in recent decades. Deregulations of foreign investment, land use policy, competition or monopoly policy, alongside broader neoliberal reforms affecting consumer market and trade, have enabled large retailers to consolidate their power and expand globally. On the other hand, small retailers are still dominating in many parts of the world. International corporations are taking over large shares of the market. Large companies are looking to increase their profits and in order to achieve that, they have reduced the risks of investing in subcontracts and franchises. These trends have impacted smaller firms, as well as consumers, suppliers and employees.

Growing economies, changing demographics and increasing disposable income of consumers are the key factors which are going to drive the global retail market in the near future.

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