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

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

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

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

Carbon Tax in Canada Will Encourage Energy-Efficiency and Renewable Energy

In October 2016, Canadian Prime Minister Justin Trudeau announced that provinces must develop a plan to reduce carbon emissions by 2018 or face a C$10 tax per ton of emissions. This figure would increase by C$10 per ton each year until 2022, when emissions would be priced at C$50 per ton. This tax will only be imposed if provincial leaders fail to come up with a plan to limit emissions of their own.

The new carbon pricing scheme is part of the government’s effort to comply with the Paris agreement. Signed earlier this year, the agreement aims to limit the global temperature increase this century to less than 2 degrees Celsius above pre-industrial levels. While further reductions will be needed for Canada to fully comply with its international commitment, the proposed carbon pricing scheme is seen as an important first step.

Topics: Energy & Resources Industry Insights The Freedonia Group

The Kigali Accord Leaves Refrigerant Manufacturers in the Cold

This month’s passing of the Kigali Accord marks a significant milestone in the development of the global HVAC/R industry. Signed by nearly 200 Montreal Protocol countries, the Kigali Accord represents a global commitment to combat climate change and, if successful, will result in the reduction of the equivalent of 70 billion tons of carbon dioxide between 2020 and 2050.

By singling out one type of refrigerant, hydrofluorocarbons (HFCs), the Kigali Accord also presents a substantial challenge to both HVAC/R equipment manufacturers and users. 

Topics: Manufacturing & Construction Industry Insights Heavy Industry The Freedonia Group

Eco-Friendly Products in the Commercial Window and Door Industry

Design trends in nonresidential buildings are increasingly making energy efficiency and environmental friendliness a priority. In few markets is this more evident than in the commercial window and door market. 

How is the commercial market different from the residential market?

The residential market is more directly impacted by energy standards, such as those of the ENERGY STAR program. These are regularly updated and often come with federal tax breaks for homeowners. Additionally, homeowners immediately benefit from the energy bill savings and more comfortable indoor environments associated with efficient windows and doors. 

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