ReleaseWire Connect

Due to the increasing geriatric population, rising incidents and awareness about dermatological diseases, a strong channel for dermatological drugs, and increasing purchasing power of people, the market for dermatology drugs is growing. An ample number of drugs have been approved by the FDA and other drugs regulatory bodies for various skin conditions and disorders, such as acne, wrinkles, and psoriasis.

Environmental degradation, government support, low ownership cost, and declining battery prices are resulting in increased electric three-wheeler sales across Asia-Pacific (APAC). Electric three-wheelers are those, in which the fuel is replaced by an electric battery as its power source. Projected to witness a CAGR of 4.1% during the forecast period 2018–2023 as per P&S Intelligence, the Asia-Pacific (APAC) electric three-wheeler market is expected to generate a revenue of $11,935.1 million by 2023.

A dental implant is a fixture that is surgically implanted into the jawbone beneath the gum line to offer support to artificial teeth. On the other hand, dental prostheses maintain the aesthetic appearance of the teeth and restore their functionality. Prosthetic devices, such as bridges and crowns, dentures, and abutments, help with intraoral defects, including missing and damaged teeth. The dental implants and prostheses market has been segmented by type and region.

The scar treatment market is growing globally due to rising prevalence of skin diseases, increasing disposable income, rising number of road accidents, increasing volume of surgeries, technological advancements in treatment, and growing awareness about the process. Valued at $19.2 billion in 2017 by P&S Intelligence, the domain is expected to advance through the forecast period 2018–2023 with a CAGR of 10.5%. It is being predicted, that the market size by 2023 will be $34.9 billion.

High demand for energy-efficient lighting solutions, especially LED-based, in medical centers is driving the growth of the hospital lighting system market globally. Growing health problems have led to a rise in the number of hospitals, which further require efficient lighting systems in operation rooms, patient rooms, and common areas. Globally, the sector generated revenue of $5,328.1 million in 2017 and is projected to advance at a CAGR of 6.4% during the forecast period (2018–2023).

Patient engagement solutions market is forecasted to attain a size of $21.9 billion by 2023 by P&S Intelligence.

Rising number of working women population, and inclination toward e-commerce beauty websites are the major factors contributing to the growth of the market, globally.

The market growth is driven by increasing integration of dye-sensitized solar cells with building-integrated photovoltaics (BIPVs) and building-applied photovoltaics (BAPVs) in commercial and residential installations.

The India digital transformation market, in 2018, generated a revenue of $24.5 billion, and it is projected to advance at a CAGR of 74.7% during the forecast period (2019–2024), according to P&S Intelligence. The factors driving the progress of the market are the growing adoption of internet of things (IoT) and expanding manufacturing industry in the country. Due to the overall growth in the information and communication technology (ICT) sector, the country is expected to up the rate of digital transformation in the coming years, primarily in sectors such as government and healthcare.

The introduction of advanced technologies, development of organized retail, and increasing demand for ready-to-eat food and beverages are driving the growth of the commercial refrigeration equipment market. In 2017, the market generated a revenue of $41,396.7 million as per P&S Intelligence, and it is projected to witness a CAGR of 6.2% during the forecast period (2018–2023). Commercial refrigeration equipment refers to large refrigerators and freezers used at supermarkets, restaurants, hypermarkets, and convenience stores to keep food fresh for a long time.