Global Dermatology Market Set for Expansive Growth Over Next 10 Years

In a recent GMR Data report, figures indicate that revenues for the dermatology drug market will reach $83.2 billion in 2026 from a base of $31.6 billion in 2016.

The largest dermatology drug markets in 2016 include areas such as acne, worth $3.89 billion globally, skin infections ($6.59 billion), and skin cancer ($5.06 billion).

Robust sales in western markets, entrance of new drugs into emerging markets, and increasing prevalence of skin conditions are all driving the global forecast for the next decade.

Topics: Pharmaceuticals Healthcare Industry Insights

How Amazon Changed the Hosting Cloudscape

Unquestionably, the leading infrastructure as a service (IaaS) cloud hosting service provider is Amazon Web Services (AWS). The company began offering data storage services in 2006, launching Amazon S3 (Simple Storage Service) in March of that year, and Amazon EC2 (Elastic Compute Cloud) in August.

The service has now been operating for over 10 years, and starting in the first quarter of 2015, Amazon began reporting AWS as a separate segment. In its 2015 Annual Report, Amazon disclosed that AWS net sales expanded from just over $3.1 billion in 2013 to nearly $7.9 billion in 2015. AWS’s revenues have continued to expand rapidly, with the segment experiencing average quarterly growth of 12.5% over the period between Q1 of 2014 and Q2 of 2016, and its revenues for the first half of 2016 already nearly match the first three quarters of 2015.
Topics: Software & Enterprise Computing Industry Insights The Freedonia Group

3 Big Trends Shaping the Food and Beverage Industry

The food and beverage industry is undergoing major shifts as U.S. consumers gravitate toward natural, whole foods diets.

Shoppers are scrutinizing nutrition labels more closely, opting for groceries made with fewer, simpler ingredients. Although gluten-free foods are still a hot item, consumers are increasingly aware that gluten-free doesn't always mean guilt-free.

Meanwhile, the popularity of meal kit delivery services continues to soar, as more and more companies roll out subscription offerings for consumers seeking convenient home-cooked meals.

Read on to learn more about these trends.

Topics: Food & Beverage Packaged Facts

Why Hotels and Airlines Are Fighting Their Distributors

The US travel services industry, which includes both traditional and online travel agencies, increasingly faces a new source of competition for booking services: the airlines and hotel operators themselves.

A growing number of airlines and hotels are adopting strategies — such as loyalty programs, fees on third-party bookings, or discounts on direct bookings — to encourage consumers to book services directly with them.

Topics: Travel & Leisure Industry Insights The Freedonia Group

Motorcycles: Visions of the Future

The future of motorcycles is being forged today. Leading manufacturers are developing new technologies with the potential to revolutionize the riding experience. 

This wave of innovation, however, has garnered sparse news coverage. The media has focused on developments in the automotive industry such as self-driving cars and electric vehicles, paying little attention to similar trends in motorcycles. 

Topics: Transportation & Shipping Industry Insights Heavy Industry The Freedonia Group

Retail Health Clinics Poised for Growth in 2017

Retail clinic locations have increased 38 percent in the last five years, according to Kalorama Information, a leading publisher of healthcare market research. Retail clinics are positioned for significant growth in the future, as patients continue to seek out convenient, low-cost healthcare services.

Because doctor's offices are usually only open during business hours on weekdays, it can often be challenging to make an appointment, take time off work, and sit in the waiting room before being seen by a medical professional. In contrast, retail clinics offer walk-in services seven days a week, including evenings and weekends.

Topics: Healthcare Kalorama Information

Is Social Media a Friend – or Frenemy – to Newspaper Publishers?

You may not realize this, but the newspaper industry has long been in the advertising business, deriving the majority of its revenue from the sale of ad space in print publications. In exchange, businesses purchasing these ads were assured a broad audience of readers. For many years, it was a win-win situation for both sides.

But the digital revolution has changed that. Between 2005 and 2015, newspaper publishing revenues fell at an average annual rate of 7.0%, largely due to advertising losses. In 2015, advertising services accounted for 55% of publishing revenues, down from 71% in 2005.

Topics: Advertising Media Industry Insights The Freedonia Group

CEO Lessons from Election Night

Five days after the close of a month, I sit at my desk and go through our P/L (profit and loss) statement looking for signs, messages, trends, clarity.

I suspect many in the political world are doing the same.

I print out all the pages that show what we call the “monthly trend” so I can see how we’ve done in previous months, with a final column comparison to the budget.

I take out a wooden ruler from my drawer, and I follow each line asking myself questions about what I expected. Does it jive with what I was told? Does it go along with the narrative I heard over the previous 30 days?

If the election were my P/L, here is what I would consider:

The Post-Election US Steel Industry

During the final two presidential debates of 2016, the candidates broadly discussed trade. In a brief exchange, Republican Donald Trump and Democrat Hillary Clinton asserted that the dumping of steel and steel products from China, Japan, and South Korea into US markets has damaged the domestic steel industry.

Now that he is the President-elect, Trump’s plans for the beginning of his presidential term include tenets that reflect these concerns, such as withdrawal from the Trans-Pacific Partnership and working with the Secretary of Commerce to end unfair trade. 

Topics: Materials & Chemicals Industry Insights Heavy Industry The Freedonia Group

Ad Blockers: What Can Publishers Do?

Long reliant on advertisements as their primary source of revenue, internet publishers, broadcasters, and search engine providers face mounting challenges to their ad-supported business models.

In particular, the rising use of ad blockers – software programs that prevent internet ads from being displayed – by consumers is threatening to undermine the industry’s key source of revenue.

Topics: Advertising E-commerce & IT Outsourcing Media Industry Insights The Freedonia Group