Market Research Blog – Page 14726 – New Product Development

Propanol Market is projected to witness a growth rate of 3.3% over the forecast period of 2022 and 2029

Future Market Insights (FMI) has estimated the market of propanol to witness a year over year growth of 3.2% in 2022 reaching a value of about US$ 3,099.4 Mn by the end of 2022. The global business is projected to witness a growth rate of 3.3% over the forecast period of 2022 and 2029.

Growing demand for propanol as a direct solvent, chemical intermediate, cleaner as well as raw material for derivatives in various end-use industries such as paints and coatings, household cleaners, and personal care and cosmetics products is anticipated to bolster the consumption rate in the coming years. Considering this, FMI has projected the global Propanol sales to reach a value of US$ 3,878.6 Mn by 2029 end.

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Key Takeaways from Global Propanol Market

In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

“Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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East Asia Set to Become Self-sufficient in Propanol

In the year 2012, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2010-2018, massive addition in capacity has made China a prominent producer in Asia Pacific. In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029. The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions. This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
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United Arab Emirates
Website: https://www.futuremarketinsights.com

Soft Magnetic Composites Market is forecast to reach a valuation of US$ 80 Bn in 2029- FMI

Soft magnetic composites (SMCs) are used extensively in the automotive industry for their ferromagnetic properties. Majorly driven by this, global soft magnetic composites market is projected to exhibit a robust CAGR during the forecast period of 2022-2029, reaching a value of US$ 80 Bn in 2029. Correct SMC combination provides a technology that consumes less energy, is optimally efficient, and capable of use in extreme frequencies and temperatures.

High demand is witnessed from the automotive industry for electronic components such as motors, inductors, and other electronic machines that enhance reliability and efficiency. Moreover, the industry demands space reductions of components such as inductors that capture a lot of space. As a result, efforts to attain balance between working efficiency and smaller dimensions, have propelled the use of soft magnetic materials such as soft magnetic composites.

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Key Takeaways

Demand for electrical steel segment is expected to grow at a healthier rate. Its market share is anticipated to increase owing to application in different end-use industries, along with cost-effective nature of the material.
5P type, though most expensive, is prominently used in the power generation industry. As the demand for this segment is increasing, SMC manufacturers are under high pressure to reduce its price.
The Asia Pacific region holds a prominent share of soft magnetic composites market owing to the constantly increasing presence of strong electronic and automotive sector in countries such as China, India, ASEAN Countries, and Japan.
East Asia is projected to be a hub for electronic industry, countries such as China, are anticipated to be at the epicenter of opportunities in the electronic industry.
Soft magnetic composites are increasingly gaining traction within the 3D-printing technology space.

SMC are advantageous as they offer the possibility of developing three dimensional shapes with complex geometry in extreme conditions, along with being cost effective and energy efficient. Moreover, acceptance of new technologies in automotive and consumer (electronics) goods industry such as 3D printing has paved a path of new opportunities for soft magnetic composites market.

Market Landscape Moving towards Consolidation

The soft magnetic composites market is highly consolidated owing to the prominence of handful of players with extensive R&D capabilities. Key manufacturers in the tier I such as GKN Powder Metallurgy (Melrose PLC) and Hitachi Metals Ltd. are pushing towards consolidation by opting for growth strategies such as acquisitions, joint ventures, and others.

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Soft Magnetic Composites Market Taxonomy

Material

Electrical Steel
Soft Ferrite
Iron Powder

End Use

Automotive
Industrial Machinery & Equipment
Consumer Goods
Power Generation
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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Know More About Report Inclusions

Future Market Insights has published a market research report on the soft magnetic composites market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the Soft magnetic composites market through three different segments, namely material, type, application, end-use industry, and region. The soft magnetic composites market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world along with a detailed overview of the parent market.

Synthetic Quartz Market is projected to expand at a CAGR of 6.1% during the period of 2022 and 2029

The global market value of synthetic quartz is nearly US$ 149.4 Mn, and the electronics industry accounts for more than 3/4^th of total sales. As suggested by a new Future Market Insights (FMI) study, the global synthetic quartz market is set for notable growth during 2022 – 2029.

The electronics industry solely relies on components such as semiconductors, optical fibers, and solar cells. These electronic components utilize synthetic quartz crystal due to its important intrinsic properties. Technological developments are driving the need for high-performance electronic equipment, and have subsequently propelled the sales of synthetic quartz.

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Key Takeaways – Synthetic Quartz Market Report

Synthetic quartz crystal is expected to grow at a higher rate, increasing its market share on account of growing use in end-use industries during the forecast period.
The semiconductor industry places the most stringent requirements on quartz purity, creating positive impact on demand for synthetic quartz.
East Asia holds a prominent share of the synthetic quartz market due to presence of strong electronics and automotive sectors in countries such as China, South Korea, and Japan. China is one of a major producers and exporters of electronics. Moreover, it has good production to sales ratio (appx. 98%) for electronics. South Korea has a significant share in the global automotive sector.
Synthetic quartz and competitive products are gaining more attention from EUV lithography market players.
Developing countries have witnessed growth in per capita income, especially in rural areas. Ease of buying electronic appliances has driven the growth of synthetic quartz components in developing countries.

Rising adoption of new technologies in electronics & communication and rapid evolution of automotive industry is expected to fuel the growth of global synthetic quartz market.

Market Landscape Moving towards Consolidation

The synthetic quartz market is highly technology-driven and is dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the global synthetic quartz market, Kyocera, Murata Manufacturing, Hereaus (Shin-Etsu), Asahi Glass Company, and others are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.

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Synthetic Quartz Market Taxonomy

By Product

Synthetic Quartz Crystal
Synthetic Quartz Glass

By End-Use

Electrical & Electronics
Automotive
Medical
Military
Construction
Others

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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Interested in Learning More About Report Inclusions?

Future Market Insights has published a market research report on the synthetic quartz market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the synthetic quartz market through three different segments- product type, end-use industry, and region. The synthetic quartz market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

Vapour Barrier Market 2022 – 2029 | Impact Of COVID-19 Crisis On Global Industry

Sales of vapour barriers are projected to witness steady rise in the following years, prominently propelled by sustained consumption by the building & construction industry. As suggested by a new Future Market Insights (FMI) report, global vapour barrier market will exhibit a CAGR of around 4.4% during the forecast period of 2022-2029.

Water condensation can damage the sturdiest of constructions, which is why vapour barriers hold significant importance, as they offer complete insulation from vapour and moisture to building structures. Use of vapour barriers also allows for optimum efficiency of a space conditioning system, thereby fueling their demand across the construction industry.

Heavy usage of vapour barriers in commercial and residential buildings to prevent moisture damage to infrastructure is anticipated to be the primary growth driver. However, increasing utilization of vapour barriers in the packaging industry to prevent moisture damage and interstitial condensation in packed goods opens new growth avenues for industry players.

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Key Takeaways – Vapour Barrier Market Study

Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.

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How is Vapour Barrier Market Structure Defined?

The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.

More About What the Report Covers

Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market. The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).

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About Future Market Insights (FMI)

Mono Propylene Glycol Market will rising demand from Food & Beverage Segment, FMI Says

Mono propylene glycol (MPG) continues to find application across diverse industries, on the back of its low toxicity and hygroscopic properties. A recent Future Market Insights (FMI) study suggests that the global mono propylene market value will reach US$ 5,159.5 Mn towards the end of 2029, witnessing a moderate CAGR during forecast period (2022 – 2029). Environmental sustainability of bio-based mono propylene glycol will be significantly responsible in upholding its demand in the global market over the course of following years.

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Key Takeaways – Mono Propylene Glycol Market Study

Low toxicity of mono propylene glycol, as compared to ethylene glycol, is expected to drive its usage in cosmetics and personal care products on a large scale. As ethylene glycol is poisonous and must be handled with caution to restrict any human or animal exposure, MPG will witness higher demand in the forecast period.
Being the preferred glycol for manufacturing high performance, unsaturated polyester resins for several uses such as reinforced plastic laminates for marine construction, gel coats, sheet molding compounds (SMC), and synthetic marble casting, industrial grade mono propylene glycol is projected to witness significant demand. It is also a vital intermediate in the production of alkyd resins for paints and varnishes.
Substantial demand is anticipated for mono propylene glycol from the pharmaceutical industry as it is a well-known excipient. MPG is used for several purposes in a broad range of pharmaceutical dosage forms, for e.g. as a humectant in topical medication, as a preservative in solutions, or as a co-solvent in aerosols, parenteral, and oral solutions.

Manufacturers in the mono propylene glycol market can gain substantial profits by targeting long-term supply contracts from prominent end-use industries such as food & beverage, pharmaceutical, building construction, and others, across various developing countries such as India and China.

Manufacturers Moving towards Bio-based Mono Propylene Glycol

Bio-based mono propylene glycol is gaining popularity in the market, as a switch from petrochemical- to renewable-based MPG results in the reduction of climate change impact of 40-60% kg of CO2. Several countries are taking initiatives to increase the adoption of bio-based mono propylene glycol among various end-use industries owing to its significant environmental benefits.

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Who Is Winning?

The global mono propylene glycol market is fairly consolidated due to the unavailability of raw materials required for the manufacturing of mono propylene glycol, especially at the regional level, and absence of local manufacturers. Key manufacturers such as Dow Chemical Company, LyondellBasell, BASF SE, and Royal Dutch Shell PLC account for about 40% of the overall market share. North America and Europe are anticipated to account for a significant share of the global mono propylene glycol market, owing to rapid infrastructural development and increasing preference for bio-based mono propylene glycol.

MONO PROPYLENE GLYCOL MARKET TAXONOMY

The global mono propylene glycol market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Grade

Technical
Food
Pharmaceutical

Application

Unsaturated Polyester Resin (UPR)
Polyester Fiber Production
Food Additive
Heat Transfer Fluid
Pharmaceutical Solvent
Liquid Detergent
Paints & Coating
Other Industrial

End Use

Chemicals
Cosmetics & personal care
Pharmaceutical
Food & Beverage
Others

Source

Synthetic
Bio-based

Region

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East
Africa

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North America Leading, with High Demand from Animal Feed Industry

The demand and sales of mono propylene glycol remain significant in North America, despite the presence of stringent regulatory framework. The region accounts for more than one-fourth revenue share of the global market. Leading players in the North American market are targeting animal feed manufacturing companies to boost their sales in the region. While developed markets continue to lead the curve with high consumption of mono propylene glycol, sales in East Asia will also increase at a significantly high CAGR over the next decade.

Stem Cell Therapies Market will increase and the market is expected to have a double digit growth in the forecast period

Stem Cell Therapies Market Overview

Stem cells are undifferentiated biological cells, and having remarkable potential to divide into any kind of other cells. When a stem cell divides, each new cell will be a new stem cell or it will be like another cell which is having specific function such as a muscle cell, a red blood cell, brain cell and some other cells.

There are two types of stem cells

Embryonic cells
Adult stem or Somatic cells

Stem cells harvested from umbilical cord blood just after birth. And this cells can be stored in specific conditions. Stem cells also can be harvest from bone marrow, adipose tissue.

Embryonic cells can differentiate into ectoderm, endoderm and mesoderm in developing stage. Stem cells used in the therapies and surgeries for regeneration of organisms or cells, tissues.

Stem cells are used for the treatment of Gastro intestine diseases, Metabolic diseases, Immune system diseases, Central Nervous System diseases, Cardiovascular diseases, Wounds and injuries, Eye diseases, Musculoskeletal disorders.

Harvesting of Adult cell is somewhat difficult compare to embryonic cells. Because Adult cells available in the own body and it is somewhat difficult to harvest.

Stem Cell Therapies Market: Drivers and Restraints

Technology advancements in healthcare now curing life threatening diseases and giving promising results. Stem Cell Therapies having so many advantages like regenerating the other cells and body organisms. This is the main driver for this market. These therapies are useful in many life threatening treatments. Increasing the prevalence rate of diseases are driven the Stem Cell Therapies market, it is also driven by increasing technology advancements in healthcare. Technological advancements in healthcare now saving the population from life threatening complications.

Increasing funding from government, private organizations and increasing the Companies focus on Stem cell therapies are also driven this market

However, Collecting the Embryonic Stem cells are easy but Collecting Adult Stem cell or Somatic Stem cells are difficult and also we have to take more precautions for storing the collected stem cells.

Stem Cell Therapies Market: Overview

With rapid technological advantage in healthcare and its promising results, the use of Stem Cell Therapies will increase and the market is expected to have a double digit growth in the forecast period (2015-2025).

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Stem Cell Therapies Market: Key Players

Some of the key players in this market are

Mesoblast Ltd.,
Roslin Cells,
Regeneus Ltd,
ReNeuron Group plc,
International Stem Cell Corporation.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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MARKET ACCESS DMCC Initiative
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Virology Market Insights and Forecast by 2025

Virology Market Overview

Virology, the study of viruses, is an unparalleled branch of life sciences. With immensely high prevalence of diseases such as flu, hepatitis, AIDS, and STDs, the importance of virology is repeatedly highlighted. The global virology market is expected to grow over 2015-2025.

FMI’s research identifies growing infectious diseases as a key force driving the market throughout the forecast period.

Key Drivers: Virology Market

Early in 2016, the WHO officially issued a warning about the possible spread of zika virus to each Western Hemispheric region, as the disease vector Aedes aegypti was found to thrive strong in tropical and sub-tropical climatic conditions. This has been a key driver of market growth throughout 2016.
The virology market is constantly catering to the prevention and cure needs put forth by the healthcare sector; however, several diseases continue to demand R&D of novel applications, driving the growth of virology market. Various treatments and diagnostic processes also employ virology applications, further fuelling the market growth.

Burgeoning applications of virology research in gene therapy, phage therapy, formulation of vaccines, and synthetic biology is another factor fostering the overall growth of the virology market.
Moreover, the field of virology is extending in various forms, including molecular virology, paediatric virology, computational virology, and many more, prompting at increasing research findings throughout the forecast period. Research prospects are high and FMI indicates a continuing need for trained virologists in the near future.
Public awareness programmes conducted worldwide on flu, zika virus, STDs, AIDS, and Ebola virus are also a key factor increasing public awareness and eventually influencing the market.

Key Restraints to Market Growth

Maintaining the quality and safety standards of viral a controlling therapy has been a longstanding challenge, which is anticipated to hamper the market in the forecast period as well. Moreover, stringent approval processes for antiviral drugs is also foreseen to be a restraint to market growth. Another factor identified for affecting the market growth includes resistance toward and side effects of antiviral drugs for new treatment options.

Current Trends in the Virology Field

In 2015, the virology industry was predominantly influenced by ebola, MERS, and hepatitis C viruses. In 2016, zika virus is dominating the research, with better prospects in the near future.
Virologists are persistently investigating novel applications for viruses. Currently, an ongoing research is experimenting on the exploitation of viruses for plant production, aiming at the efficient production of high quality, eco-friendly food.

Global Virology Market: Competitive Landscape

By 2017 end, a few important patents are approaching expiry, including Tamiflu, Sustiva, Tenofovir, Combivir, Relenza, and Telbivudine. Following expiry of these blockbuster drugs, the market is estimated to discover a dynamic competitive landscape. The generic competition in the virology market will be at a high pace 2017 onward.

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Apart from expiring drugs, the market also has some late stage pipeline drugs, including Inavir, Elvitegravir, Vicriviroc, Rilpivirine, and Rapiacta. These drugs are set to enter the global market, fostering the competition globally.

Key Players in the Global Virology Market

The notable players identified in the global virology market include GlaxoSmithKline plc, Abbott Laboratories, Boehringer Ingelheim Corporation, Merck and Co. Inc., Novartis International AG, Siemens, Johnson & Johnson, AstraZeneca AB, and Roche.

Merck and Co. Inc. has several drug candidates in phase 2, including cancer, diabetes, cardiac arrest, and hepatitis C, and some candidates in phase 3, including breast cancer, atherosclerosis, Alzeimer’s, ebola, and HIV. The company also has many other candidates, which are currently under review.

Abivax, a high profile biotech company in Paris, France, has already successfully produced candidates against dengue and chikungunya viruses. The company has a few more candidates against HIV and ebola, currently under development.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, BENELUX)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC and S. Africa)

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The increasing demand for minimally invasive surgeries, are the most important driving factors in Drug Delivery Technology Market

Drug Delivery Technology Market Overview

Drug delivery system is the process of administering therapeutic substance through common route of administration to achieve a therapeutic effect in humans or animals. Drugs release the active ingredients in the target area so that in the period of time it controls though its formulation. The most important driving factor for drug delivery technology market is the increasing demand for effective delivery mechanisms of novel biopharmaceuticals.

Recently, AstraZeneca signed a licensing agreement with Starpharma for the use of its DEP drug delivery technology aiming to enhancing the dosing and efficacy characteristics of pharmaceuticals. AstraZeneca agreed to fund all development and commercialization costs, including ongoing and future collaborative work conducted with Starpharma.

Drug Delivery Technology Market: Drivers & Restraints

Growing incidence of chronic diseases such as cardiovascular diseases, diabetes, and cancer, technological advancement, innovation, the growing focus on pediatric and geriatric patients, change in lifestyle due to growing urbanization, the increasing demand for minimally invasive surgeries, are the most important driving factors in drug delivery technology market. Since growth of biopharmaceutical market is fast, the demand for drug delivery technology market has increased.

With so many advantages and splendid features of drug delivery technology, it has few disadvantages too. Side-effects related to drugs, patents expiry and regulatory hurdles are acting as key barrier for drug delivery technology.

Drug Delivery Technology Market: Overview

The drug delivery technology market has grown substantially at a healthy CAGR due to growing incidence of chronic diseases and change in lifestyle. With rapid technological advancement and innovation, drug delivery technology market is expected to grow globally. North America is the largest market for drug delivery technology and Asia Pacific would be the fastest growing market in the forecast period.

Drug Delivery Technology Market: Region-wise Outlook

The drug delivery technology market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, drug delivery technology is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for drug delivery technology market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.

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Drug Delivery Technology Market: Key Players

Some of the key market players in drug delivery technology market are Johnson and Johnson Pvt Ltd, 3M, Novartis AG, Pfizer Inc, Glaxosmithkline PLC, Merck & Co., Inc, Antares Pharma, Generex Biotechnology, pSivida Corppration, Alkermes, Aradigm Corp., Vectura Group plc, NanoPass Technologies Ltd.

The research report presents a comprehensive assessment o the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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Phototherapy Equipment Market is anticipated to display numerous opportunities of growth for market players during the forecast period

Phototherapy Equipment Market Overview

Increasing utility for treating skin disorders such as psoriasis, acne, neonatal jaundice, and eczema, the market of phototherapy equipment is anticipated to display numerous opportunities of growth for market players during the forecast period.

Cost Reduction of Products in the Phototherapy Equipment Market to Propel Growth

The rapid rise of neonatal jaundice and other skin diseases owing to unhealthy global environment conditions, technological improvements, and increased preference for the use of LED based phototherapy treatment equipment are factors that are anticipated to drive the market in the near future. The products for the treatment of neonatal jaundice is expected to see relatively higher growth owing to the fact that about 50% of term and 80% of preterm babies develop jaundice within 2-4 days of birth, which sets up a high demand for efficient treatment.

Rising awareness among patients regarding advanced treatment options and improved healthcare service and infrastructure is anticipated to contribute to market growth. The introduction of phototherapy equipment for home use is also expected to boost demand among skin ailment patients.

On the other hand, stringent regulations related to the approval of devices by the governments such as the 21CFR Part 807 of the FDA, or the Central Drug Standards Control Organization (CDSCO) of India along with intense competition with alternative treatment options for skin ailments are anticipated to act as constraining factors for the phototherapy equipment market.

Phototherapy Equipment Market Players Emphasize on System Improvements to Attract Business

Major market players such as GE Healthcare, Daavlin, and Aeroflow Healthcare are putting efforts towards research and development activities to improve on safety and treatment efficiency.

Aeroflow Healthcare has developed phototherapy blankets for hospital and home use to treat neonatal jaundice in infants. The product is a portable phototherapy device that consists a fiber optic band that emits white or blue light to eliminate bilirubin from the body to normal levels. It has a high success rate although the treatment process is relatively slower, while maintaining optimal comfort levels for the baby.
The 7 Series phototherapy product range from Daavlin provides healthcare providers with options to adjust height, lamps for either UVA and UVB rays, or a combination of both to provide added treatment functionality. The system also gives an integrated dosimetry meter to enable accurate output of light consistently thereby lowering energy consumption and improving on product longevity.
Products by GE Healthcare such as the Lullaby LED Phototherapy System is also bringing innovation to the table by bringing in the latest in LED technology that provides highly efficient, soundless breakdown of bilirubin in neonatal jaundice, through uniform distribution of light. The use of specialized LEDs give several thousand hours of operating capacity, which will last any healthcare facility for an average of 5 years.

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Segmentation of the Global Phototherapy Equipment Market

Phototherapy equipment can be broadly classified on the basis of products, application, and end user. On the terms of products, phototherapy equipment can be divided into portable LED lamps, bed type LED lamps, and neonatal incubators with LED lamps. On the terms of applications, phototherapy equipment can be used for cancer, psoriasis, acne, and neonatal jaundice. On the basis of the end user, phototherapy equipment can be categorized into diagnostic centers and hospitals.

This review on the phototherapy equipment market, gives readers a full assessment at regional and global levels to extract crucial information from trustworthy sources that has been supported and validated through in-depth research. The report helps in gaining an improved understanding about competitive scenarios and recognizing untapped business opportunities.

The report was developed through the use of in-depth scrutiny of vital aspects such as:

Demand and Supply
Market Drivers: Important factors that greatly influence the market
Trends and Challenges: Popular trends and obstacles faced by market players
Market Value: Size of the global market
Market Segmentation: Categorization for better comprehension of each key area
Technology: Changes arisen in the market through the introduction of new technologies
Competitive Analysis: Market strategies used by major players

The report is an extensive compilation on primary data about the phototherapy equipment market worldwide on the basis of quality and quantity, which has been extracted from intensive interactions with numerous eminent industry experts. A complete market study including trends, economy, and market attractiveness provides a clearer understanding of the effects of every factor on regional markets and segments.

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Radioimmunoassay Market is expected to exhibit a single digit CAGR over the forecast period

Radioimmunoassay Market Overview

Quantification of a specific protein in a complex sample is a valuable contribution in the field of medical science. Immunoassays use the highly specific antibodies to target specific molecule of interest and analyze its concentration in a sample. Thus, immunoassay can be defined as a biochemical procedure which is used to measure the concentration of specific antigen with a specific antibody. The first immunoassay was developed in 1959 wherein radiolabeled insulin was used to determine the concentration of insulin in human plasma. Radioimmunoassay (RIA) is a medical diagnostic procedure used to measure the concentration of specific antigens by using specific antibodies. RIA is a highly sensitive technique using which any biological substance for which a specific antibody exists can be quantified, in a very minute concentrations. Radioimmunoassay is the first immunoassay technique using which Nano molar and Pico molar concentrations of hormones in biological fluids can be determined. RIA technique relies on a very basic principle of competitive binding where a radioactive antigen competes with non-radioactive antigen for a specific antibody. RIA technique finds application in various areas of disease diagnosis such as it is used in early detection and diagnosis of cancer, it is also used in diagnosis of various other infectious diseases including neurodegenerative disorders. RIA is considered as one of the most pivotal and traditional method used for endocrine disorders diagnosis. In pharmaceutical industry RIA is used for drug testing. The market for RIA is expected to witness a significant growth rate over the forecast period owing to rising use of radioimmunoassay techniques in cancer diagnosis and advancements in medical research.

The global radioimmunoassay market is expected to exhibit a single digit CAGR over the forecast period (2016-2026).

Radioimmunoassay Market: Drivers and Restraints

The global radioimmunoassay market is expected to experience a considerable growth over the forecast period driven by rising prevalence of cancer and various other infectious diseases. The increasing use of RIA procedures in research centers, contract research organizations and pharmaceutical industries is also driving the overall growth of radioimmunoassay market over the forecast period. Furthermore rising demand for high throughput and automated procedures in research centers and diagnostic labs to ensure patients satisfaction in getting error free results are some of the key factors driving the radioimmunoassay market growth over the forecast period.

Factors responsible for restraining the growth of global radioimmunoassay market include, high cost of the procedure and continuous innovations in various other immunoassay procedures such as ELISA.

Radioimmunoassay Market: Overview

With rising incidence of cancer, endocrine disorders along with various other infectious diseases and increased use of radioimmunoassay procedure in pharmaceutical industry for drug testing, the global radioimmunoassay market is expected to have a robust growth over the forecast period (2016-2026). Other factors driving the growth of radioimmunoassay market include rapid advancements in medical research and increased spending in research and development and life science sector. The use of radioimmunoassay in diagnosing neurodegenerative disorders is also fueling the market growth.

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Radioimmunoassay Market: Key Players

Some of the key market players in global radioimmunoassay market are DIAsource ImmunoAssays, Beckman Coulter, Inc., IBL Internationa, PerkinElmer, Inc, DRG International, Inc., MP Biomedicals, LLC, Cisbi, Euro Diagnostica AB, DiaSorin S.p.A., EMD Millipore, Izotop, Berthold Technologies GmbH.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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