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20 Markets to lookout for in 2020 – Expedition 99

January 30th, 2020 3:44 pm

Insight industry exhibits the potential to reveal major business events that impart most relevant insights and holds a strong influence on business communities. There have been notable trends in 2019 as the global insights industry crossed USD 45bn and still continues to raise the bar in the coming years.

Going forward, the market research industry continues to exhibit data insights leading to maximize revenue share for companies that are willing to conduct or outsource market research activities.

Dataintelo A leading market research and consulting company published a list of 20 markets to look for in 2020.

The surgical robots industry is expected to cross USD 25bn in the next five years as per findings by a market research report as there will be a huge demand for automation across the healthcare sector as automation is poised for complex procedures. Moreover, non-invasive surgeries are becoming a common trend for geriatric population with minimal surgical complications. It is also anticipated that surgical robots can help in reducing surgery costs and will gain a high popularity all across the healthcare and medical domain. At present, nanobots are employed for the treatment of arteries and catheter-based robots reveal better operative techniques for cardiac surgeries. North America is the leading market for surgical robots, says the report and it will continue to have a strong influence on the global market.

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The telemedicine industry is expected to cross USD 22bn in the next five years attributing to rise in consultation costs for healthcare and pharmaceutical followed by treatment for chronic diseases. With the advent of technological innovations and availability of healthcare services, telemedicine market is expected to take a high leap in the near future. The telemedicine features in reducing patient visits to hospitals and clinics and simultaneously reducing the burden on hospital infrastructure. For instance, in the U.S. market telemedicine proves effective for cost-controlling in diabetic patients. Various telecare programs have already gained momentum and witness a high adoption. With the growing interest of consumers in mobile health, telemedicine applications are likely to hold a strong influence in the years to come.Buy complete research report on surgical robot: https://dataintelo.com/checkout/?reportId=602&license_type=Single%20User

The defibrillator market is anticipated to witness a rise in revenue share by USD 9.5bn in the near future driven by a huge rise in cases of cardiac arrests. Both, developed and developing nations are now emphasizing on strengthening public infrastructure by offering emergency medical services and also offer a high awareness on cardiac health. Government norms and spending by major vendors is playing a crucial role in building future opportunities. In addition, use of wearable defibrillators is the latest trend witnessed as a healthcare application that augments the chance of survival in case of severe cardiac arrests by alarming the user even before it occurs. China, India, Japan and other markets within Asia Pacific are adopting to a robust healthcare infrastructure resulting in patient safety.

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The halitosis market witnessed a huge revenue share in 2019 accounting for USD 8bn. Surge in cases of halitosis is expected to widen the market scope. In a recent study conducted by dental institute, middle-aged people suffer from bad breath problems as a result of accumulation of oral germs and bad cavity. Alone in the United States, more than 70% population annually spends around USD 15bn on oral care and hygiene products to counter bad breath problems. Consumption of tobacco and alcohol have been major drivers for developing oral care problems within a vast population. It is also estimated that there will be an upsurge in the consumption rate in the next three years. Hence, Asia Pacific witness a significant rise in the treatment for halitosis treatment.

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The cancer stem cell therapeutics market is an emerging one which is expected to bypass USD 150mn in the next five years. Major trends such as rise in awareness and use of advanced genome cell analysis methods have a strong influence the market for cancer stem cell therapeutics. Additionally, Asia Pacific countries like Japan and South Korea are now offering novel opportunities in the line of stem cell therapeutics. Regulatory guidelines and policies are undergoing several revisions for effective development of commercial market. Apart, clinical trials for stem cells validate the potency of stem-cell based products. For instance, there have been several trials undertaken by leading clinical institutes in China such as Xuzhou Medical University and the Affiliated Hospital of Academy of Military Medical Sciences.

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Artificial Intelligence (AI) is all set to reform the agriculture industry and with this the global market for precision farming market is expected to witness a growth of USD 12bn in the next five years. According to market research experts, AI techniques such as farm robots, data mining and use of computational analysis for seasoned crops will be highly witnessed, Agriculture will therefore be a data-driven industry soon. In fact, the use of Internet of things (IoT) and advanced analytics is widely witnessed in several parts of developed countries. Adoption of UAVs, drones, irrigation controllers and steering systems is expected to gain a high momentum by mid 2020 which is expected to accelerate the proliferation of AI in agriculture. With this, sustainability and productive issues in farming can be confronted with adequate technological resources says a market research report.

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Automation continues to induce a high interest in the medical industry and automated dispensing units are gaining a huge popularity. The revenue share is expected to sum at USD 1.8bn by 2021 attributing to the ongoing technological innovations and government norms. Automated dispensers find notable uses resulting to minimize medication errors and improve safety processes of healthcare. Healthcare management systems are adopting automated dispensers for effective drug management. Globally, North America market is anticipated to have a strong influence in the international market with concerns for patient health and safety. On the other hand, Asia Pacific witness a rise in geriatric population with immediate medical attention and crucial developments on the infrastructural front.

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Manufacturing and production sectors are undergoing automation processes and it is likely that automated jobs will be soon a major trend. With the anticipation for the revenue share to cross USD 90bn in the next three years, the demand for high pressure processing equipment will witness huge a significance all over the food and beverage industry. Consumer demand for processed food and growing emphasis on food safety along with adoption of innovation fuels the market growth. Emerging economies such as Latin America and Brazil represent major opportunities for futuristic growth. Chocolate and confectionery processing units represent the largest share in the high pressure processing equipment market. Asia Pacific holds a major accountability thus representing the largest share. Widening scope of urbanization and demand for modern methods of food production are major drivers.

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Eco-friendly initiatives for consumables and stylish trends of bio-based materials in food industry is globally evident. Government norms and policies followed by ban on plastic products in the food industry highlights the shift from traditional to eco-friendly approach. For instance, paper straws have a huge impact on the market attributing to high adoption in the retail sector. Consumer trends such as high awareness, and demand for bio-based reusable materials is likely to be witnessed all across the mature markets. Overall, the reusable straw industry is poised to exhibit a high growth rate in the next three years.

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Indoor fitness trends such as calorie burnout, cardio, open air gymnasium and power yoga are gaining high momentum and therefore the market for home fitness equipment is anticipated to value at USD 15bn in the next three years. Most commonly used equipment are treadmills, stationary bikes and elliptical are in high demand across the global markets. Moreover, the need for maintaining high fitness levels to combat lifestyle diseases is widely witnessed in the urban settings. Professional commitments and time constraints have been fueling the concept of home fitness equipment in the metropolitan cities. Ranging from small to large, fitness equipment for indoors enjoy a wide popularity in urban scenarios.

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The digitalization for broadcast and entertainment sector is expanding and the proliferation of digital channels via internet is most evident. As a result, there is a huge consumer demand for OTT content. Although, the OTT service market is relatively at nascent stages, the market is projected to reach at USD 33bn in the next five years. Dominance of smartphone technology and increased adoption of large screen smartphone is a driving factor across developed nations. Moreover, emergence of hardware compatible devices that support OTT content is resulting in a wide popularity. In addition, developments in the telecommunications sector for video calling and messaging service induces the market position for OTT platforms.

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Food and beverages remains a hot domain for companies to invest in 2020 as confectionery processing equipment segment is expected to show optimal growth valued at USD 5bn in the next three years. There has been a huge popularity of chewing gums, jellies and bakery products in the retail industry. In addition, strong presence of retail companies stimulates the market growth for confectionery processing equipment. Stringent guidelines from USFDA and FAO are shaping up the industrial structure for processing equipment and continue to dominate the business policies. The North American market is a fast-paced market attributing to strong presence of major vendors and players.

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The global market size of plastic to fuel technology was USD 82mn in 2018 and it is expected to reach at USD 2.50bn in the next five years according to a research report. Major trends such as government policies to influence plastic to oil conversion and developing distribution channels is gaining tremendous traction. Growing awareness for plastic consumption and improved disposal methods are major highlights. Moreover, it is also estimated that the plastic to fuel technology market offers lucrative employment opportunities. For instance, in the U.S. plastic based fuel is gaining a high momentum due to low content of sulfur.

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The market size for recycled plastics is expected to bypass USD 67bn in the next five years attributing to the Y-o-Y (year on year) growth across the global market. Polyethylene Terepthalate is a widely used recycled material. Commercially, PET offers lucrative growth opportunities and exhibits high reusable capacity. High density polyethylene holds a maximum share in the global market and expected to grow at a stipulated CAGR. For instance, high density polyethylene is usually employed for margarine tubes, grocery bags, and cleansing bottles. Recycled plastics seem to have a high influence in the consumer appliance industry, therein the market for recycled products witness a strong demand.

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The worldwide construction and real estate business is undergoing rapid innovations, norms and standardized regulations. Demand for quality home is witnessed all across the economies thereby enabling the market to come up with modernized approach in the construction phase. The construction additives is a growing market particularly in the developing economies as the global market is expected to reach at USD 23bn in the near future. Economic reforms and revival post economic crisis in 2008 is much likely to create a balanced market ensuring a high-end growth. In addition, the widening landscape of urbanization within the Asia Pacific market stimulates the ongoing developments.

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The global market share for automotive and vehicle equipment is expected to cross USD 300bn in the next 5-10 years as the year 2020 is the most automotive year. Alarming need for enhanced safety in vehicles and smooth ride are some of the basic factors that demand a vehicle complying to international safety standards. Suspension is a pivotal component in an automotive that is subsequent in enabling a smooth and shock free ride. It also prevents any wear and tear of cargo and protects the passengers from drifting. Use of pneumatic and hydraulic suspension types are some of the modern methods used in designing suspension for a vehicle, says a market report. Increase in rate of inter-state IMEX business with road transport being the crucial mode of transportation propels the demand for heavy commercial vehicles. There have been drastic rise recorded in the past few years which is anticipated to keep rising annually at a higher rate.

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Liquid waste management is a prime concern in the developing economies since marine pollution is relatively high. Therefore, strong initiatives led by NGOs and helping communities have resulted in developing a sustainable system for managing liquid waste and hence the commercial market is gaining a lot of traction. It is also anticipated that the market might gain 4.0% CAGR in the next couple of years thanks to awareness and change in trends for disposal of liquid waste. Industrial liquid waste is associated with potential toxicity posing a serious threat to marine life, on a large scale. Accumulation of hazardous effluents is expected to drive the demand for liquid waste management initiatives in the near future. Apart, stringent norms and government regulations for commercial industries is expected to drive the market development in the forthcoming years.

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Semi-agriculture is relatively a growing domain wherein innovation in farming are been tried and tested. According to a research study, the global market share for humic acid water soluble fertilizers is poised to bypass USD 130bn in the near future. Notable growth factors such as enormous demands for organic fertilizers over synthetic ones driven by high preference is most evident. Advantages offered are humic acid fertilizers boosts disease resistance in plants, acts as a color enhancement and moreover ensures high nutrition in plant growth. Europe is a fast-paced growing market and reveals ideal growth trends in the international market.

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As mentioned above, 2020 being the most automotive year as there will be a lot of happenings in automotive industry ranging from launch of automatic vehicles to discussion panel for flying cars. Although, the holistic market seems to be optimal in terms of revenue, the braking units category is the most remarkable. In addition, braking systems in automatic vehicles are quite sophisticated and offer more accuracy. The trend of hydraulic braking systems is gaining much attention in the past years and is expected to reveal lasting effects on the global market. Adherence of international safety standards and certifications have a crucial role in the development of automotive disc brake market.

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According to a research study, the aerospace industry creates more jobs than any other sector. In this regards, aerospace coatings domain is a fast and emerging sector wherein it is valued at USD 2.3bn by end of 2022. Demand for technical competence, knowledge of signs and symbols in the aerospace industry and high adoption of nanotechnology in the MRO for aerospace. In addition, growing significance of nano-structure metals with low carbon footprint is expected to have a huge impact on the global market. Apart, revision of policies in the aviation industry in Asia Pacific market is expected to impart growth opportunities in the coming years.

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Market research trends in 2020 will be more data-driven and companies are willing to spend more. The deciding factor is what data they are looking and the level of input to start with, and this is possible having an insight partner around the corner. So, do let us know what you think and by leaving a comment.

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20 Markets to lookout for in 2020 - Expedition 99

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