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The cochineal is an insect from Dactylopius coccus family, from these insects natural food color dyecarminis derived. The female insect is dried and then dye is extracted from dried insect as well as from eggs. This extract is further mixed with calcium or aluminum salts to use as dye. Carmine is primarily used as a colorant in foodand in lipsticks. Cochineal extract is being used as colorant since centuries, it has wide applications as natural colorant into food, textile, medicine and personal care products. The cochineal insect farming is done to grow the particular insects for red color dye. The origin of cochineal insect is seen in Peru and Mexico.

The insects are grown on specific type of cactus plant these insects grow on the moisture and nutrient contents of the cactus leaves. Insects are then collected and sun dried to produce extract. Dried cochineal, contains 17 % to 24% carminic acid, is carefully extracted in an acidic, aqueous, alcoholic solution to produce red, orange color dye.

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Cochineal Extract Market Segmentation:

Cochineal extract market is segmented on the basis of its form, application and region. On the basis of forms, cochineal extract market is segmented into powders and liquid form. The cochineal extract is available in both water soluble as well as oil soluble. Cochineal extract market is segmented on the basis of its applications as food and beverages, textile/fabric, cosmetics & personal care, pharmaceuticals and others etc.

Cochineal extract market demand is considerably high in the food and beverage market segment as it is considered as natural color option where synthetic color is prohibited, and hence demanded as colorant in various food products such as bakery and confectionary, beverages, dairy products etc. Thus, food and beverages market segment is dominate market for cochineal extract. In cosmetics & personal care market segment cochineal extract is mainly used as colorant in skin care products, lipsticks, face powders, rouges, and blushes etc. Applications of cochineal extract in fabric/ textile segment is comparatively lesser as numerous new and synthetic color dye options are being invented, however in few of the markets it’s still popular. In pharmaceutical market segment cochineal extract is basically used for color pills and ointments, however this segment comprises very small share of total market. Others market segment includes cochineal extract uses in the manufacturing of artificial flowers, paints and crimson ink.

Cochineal extract market is further segmented on the basis of regions as North America, Latin America, Asia Pacific Excluding Japan, Japan, Europe, and Middle East and Africa. Latin America is major export market of cochineal extracts, Mexico and Peru being major regional producers. In European markets France is the major importer for cochineal extract. Due to various government bans on the uses of synthetic food colorant in Japan , Japan is also a becoming major importer for cochineal extract in coming years.

Cochineal Extract Market Drivers:

Cochineal extract is in high demand in several application sectors across the world. Principle factors driving market demand are continuous rising demand natural colorants. As synthetic colorant had proven allergic and hazardous for health, natural color market demand is high. Also rising market demand for natural products based cosmetics and skin care products is becoming another market driver for cochineal extract. Various government such as Japan has banned synthetic color uses in food and beverage products, this is driving natural colorant market demands such as cochineal extracts.

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Cochineal Extract Market Restrains:

Cochineal extract has no known health risks, number of people have been found to experience occupational asthma, foodand cosmetic allergies due to use of product containing cochineal extracts. Increasing vegan food culture and adoption of 100% plant food concept, many consumers are not ready to accept animal products and not preferring product labeled with cochineal extract or carmine as an ingredients. These are the main restraints for cochineal extract market.

Cochineal Extract Market Key Players:

Maximum amount of cochineal extract is produced in Mexico and Peru and get exported into global markets. Key players operating in cochineal extract market are DDW The Color House, Gentle world, Xian LiSheng-Tech Co., Ltd, Chr. Hansen Holding A/S, Colores Naturales EIRL, Lake Foods, and many of the local Mexican and Peru market players extract the cochineal product like Earthue, Biocon del Peru.

The report covers exhaustive analysis on:

• Cochineal Extract Market Segments
• Cochineal Extract Market Dynamics
• Historical Actual Market Size, 2015 – 2016
• Cochineal Extract Market Size & Forecast 2016 to 2026
• Cochineal Extract Market Supply & Demand Value Chain
• Cochineal Extract Market Current Trends/Issues/Challenges
• Cochineal Extract Players Competition & Companies involved
• Cochineal Extract Market Technology
• Cochineal Extract Market Value Chain
• Cochineal Extract Market Drivers and Restraints

Regional analysis for Cochineal Extract Market includes

• North America
  • US & Canada
• Latin America
  • Brazil, Argentina & Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
  • Russia
  • Poland
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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According to FMI – an ESOMAR-certified market research firm, the global oligonucleotide API market is estimated to reach US$ 3 Bn in 2020, and witness a CAGR of 11% through 2030.

According to FMI’s analysis, as of now, 100+ oligonucleotide APIs are in the clinical trials’ phase, and regulatory approval is on the cards. Post-approval, the demand for production capacity will witness an exponentiation, thereby driving the oligonucleotide API market through 2030.

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Some of the key oligonucleotide classes are antisense oligonucleotides, micro-RNA, small/short interfering RNA, immunostimulatory oligonucleotides, splice-switching oligonucleotides, and aptamers. Some of the factors that have boosted the trend of oligonucleotide APIs in solution are solution stability, viscosity, concentration, end-to-end manufacturing, and packaging.

Progress made in industry associations sharing of CMC (chemistry, manufacturing, and control) strategies is boosting the prospect in the oligonucleotide APIs market. Growing demand for new drug classes for COPD (Chronic Obstructive Pulmonary Disease) and asthma has unlocked new avenues in the market

Key Takeaways from Oligonucleotide API Marker Study

• Antisense Oligonucleotides APIs are anticipated to reach US$ 4 Bn by 2030.
• North America and Europe collectively accounted for more than 47% of revenue share in 2019 while Asia Pacific is expected to grow at the fastest rate in the forecast period.
• Increase in use of antisense oligonucleotide APIs (especially post approval from US FDA in 2016) to boost the market in the forecast period

Covid-19 Impact on Oligonucleotide Market

The outbreak of Covid-19 has temporarily stalled the oligonucleotide API market as the production has slowed down owing to partial/total lockdown worldwide. However, the market is expected to bounce back after subsequent two quarters. By then, players are likely to invest more in oligonucleotide APIs to look for long-term solution to pandemics like these.

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Oligonucleotide API Market: Segmentation

API Type

• Antisense Oligonucleotides API
• Short Interfering RNA (siRNA) API
• Phosphorodiamidate Morpholino Oligonucleotides (PMO) API
• MiRNA API
• Aptamers API
• CpG Oligonucleotides API
• Others (ON Conjugates (NP), ShRNA, etc.)

Marketing Status

• Marketed
• Clinical Trials (Clinical Phases)

End User

• Contract Manufacturing Organizations (CMOs)
• Pharmaceutical Companies
• Biopharmaceutical Companies
• Contract Development & Manufacturing Organizations (CDMOs)

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Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Global Oligonucleotide API Market: Competitive Analysis

Research in utilizing oligonucleotides in infectious and genetic diseases has spurred new therapeutic strategies in the oligonucleotide APIs market. Several pharma companies over the past 10 years have rebuffed their efforts in utilizing the potential. To this end, they have been notably ramped up their investments in expanding their production capacities.

Corden Pharma GmbH, a German pharma company, has announced to make manufacturing capacity expansion in Colorado, U.S. The capacity expansion notably includes the synthesis and purification of the concentrate. The company has aimed at offering companies manufacturing services expanding their drug development programs in clinical trials.

As many as oligonucleotide programs are in development in 2019, moving from research through Phase III. This accounts for the vast investment potential for pharma companies in the oligonucleotide APIs market.

Some of the promising industry players in the oligonucleotide APIs market are Biogen, GE Healthcare Life Sciences, and Nitto Denko Avecia.

Explore Extensive Coverage of FMI’s Healthcare, Pharmaceutical and Medical Devices Landscape

Whole Body Imaging Market: FMI’s whole body imaging market study reveals a comprehensive analysis of the business models, key strategies and respective market shares of some of the most prominent players in the landscape for the forecast period ending in 2028.

Handheld Ultrasound Scanners Market: The research report published by FMI on the handheld ultrasound scanners market sheds light on the prominent dynamics responsible for the expansion of the market through a detailed segmental and regional analysis for the 2017-2027 forecast period.

Magnetic Resonance Imaging MRI Market: The global Magnetic Resonance Imaging MRI Market is anticipated to expand staggeringly during the 2015-2025 forecast period, infers FMI in its recently published study on the subject.

Corrugated boxes are commonly used in several end-use industries as secondary packaging solutions. The industries such as food, electrical and electronics, personal care and cosmetics are exhibiting high demand for corrugated boxes. Benefits such as cushioning, availability in different shapes and sizes and ease in customization are some of the factors augmenting the demand for corrugated boxes in these industries.

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Corrugated boxes are extensively used in the food industry for the packaging of processed food, fresh produce, dairy products, food grains, and confectionary and bakery items among others. The growing demand in the processed food industry as a result of the increasing urban population and fast-paced lifestyle is creating high demand for corrugated boxes.

Future Market Insights (FMI) has forecast that the corrugated boxes market has the potential to exhibit high growth. The increasing applications of the corrugated boxes for packaging of textile, tobacco, chemicals and fertilizers among others is projected to fuel demand in the market.

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Key Takeaways from Corrugated Boxes Market

• Based on material type, the sustainable and eco-friendly nature of recycled corrugated boxes have made them highly popular in the market. The recycled corrugated boxes segment is projected to register a CAGR of 4.2% during 2021-2031.
• By board type, the single wall corrugated boxes segment is anticipated to hold around 70% of the market share by the end of 2021.
• Fluting medium segment by grade type is estimated to register CAGR of 4.0% during 2021-2031.
• By product type, slotted box segment followed by die cut box segment is forecast dominate the corrugated boxes market. These segments are anticipated to cumulatively hold around 88% of the market share by the end of 2021.
• By end-use industry, the food segment and e-commerce segments are anticipated to expand at a CAGR of 3.9% and 5.6% respectively during 2021-2031.
• APEJ, Europe and North America will exhibit high demand for corrugated boxes due to the growth of industries like food, beverage, e-commerce and healthcare in these regions. These regions together are projected to hold approximately 77% of the market share by the end of 2021.

 “The need for efficient and cost-effective secondary packaging solutions among the food, beverage, healthcare, electrical and electronics industries is anticipated to propel the sales of corrugated boxes in the market.” says an FMI analyst.

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Increasing Demand for Customised Corrugated Boxes to Drive the Market Growth

Industries like food, beverage, e-commerce, personal care and cosmetics, and others are highly competitive. In these industries, manufacturers give high importance to the packaging solutions to maintain a competitive edge and create unique brand identification. As a result, they need customized corrugated boxes for their products.

Corrugated boxes can be easily customized in terms of shape, size, fluting and print which is highly desirable among manufacturers from various industries. Some of the players in the corrugated boxes industry are offering digital printing solutions with an array of customization in terms of specifications.

Besides this sales of corrugated boxes will increase as a result of increasing application for packaging in the ecommerce sector. A large variety of items sold across e-commerce platforms needs different packaging solutions compatible with the product. The increasing demand for customised corrugated boxes in this sector will therefore drive the market in the coming years.

Corrugated Boxes Market Landscape

Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, Oji Holdings Corporation, DS Smith plc are the top players operating in the target market. Furthermore, NAMPAK Limited, METSÄ Group, Orora Limited, are also noticeable players in the market. The Tier 1 players in the market hold 30-35% in the global market for corrugated boxes.

A holistic approach to health and wellness among today’s consumers has been propelling solutions that address problems ranging from nutritional deficiencies to lifestyle diseases. An exceptional increase in number of population on a specific diet and the quest for ways to simply improve their nutrition are spurring a wave of innovation in food & beverage, pharmaceuticals, and nutraceuticals and related industries. In recent years, the convergence of these industries has led to more focus on health promoting diet which include the consumption of a wide range of dietary supplements.

Calcium supplements in particular are garnering significant traction as a viable option for optimal bone health. With increasing awareness of science behind adequate calcium in the body and its potential benefits in proper functioning of the heart, muscles, and nerves, calcium supplements are set to witness increased demand in years ahead. This is according to Future Market Insights’ Calcium Supplements Market Report that explores increasing use of vitamins and minerals to supplement the general food intake and its impact on the market growth.

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Big Gains Underpinned by Personalized Nutrition

As baby boomers age and prevalence of bone disorders such as osteoporosis increases among aging men and women, their nutritional needs come into question. The body requires more nutritional support through multi-nutritional supplements as well as older adult health supplements, as it ages. In recent years, demand for calcium supplements is gaining a boost, backed by published studies showing the association of low calcium intake with low bone mass and high fracture rates. While the calcium supplements market is easily quantified with the new ‘healthy life’ movement, it is expected to benefit further from emerging trend of ‘personalized’ nutrition. In addition to playing a key role in minimizing the impact of poor dietary habits, personalized nutrition lowers the risk of nutrient deficiencies while preventing a buildup of excess minerals in the body.

Previous studies have suggested that excess use of calcium supplements may increase the risk of cardiovascular diseases and kidney stones, especially in women. In addition, new data from the Women’s Health Initiative and the United States Preventive Services Task Forces has been inconsistent to support that calcium supplements do not increase the risk of these diseases. This scenario sets the stage of future innovations in the personalized nutrition space, especially for calcium supplements.

Calcium Supplements Market Yet to Reveal its Potential in Low-income Countries

Growth prospects of calcium supplements market continue to remain high in North America and Europe, due to greater awareness of balanced nutrition among consumers and strong presence of market players in these regions. In low-income settings, access to calcium supplements or food with calcium is at its worst. People with limited incomes exclusively rely for survival on affordable staple foods such as rice, wheat and maize, containing negligible amount of calcium. Government investments in nutritional interventions at a population level to address health inequities occasioned by relatively low access to calcium are thus expected to be a key factor promoting growth of the calcium supplements market in low-income countries, especially in Middle East & Africa.

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Liquid Calcium Supplements Capture Significant Share

Today, consumers are not only looking for nutritious food or supplements that can be accessed with ease, but are also seeking convenience and consistency. Liquid calcium supplements are therefore witnessing higher innovations and investments as compared to pills and capsules. As greater absorption of liquid calcium supplements eases the transition to bloodstream, manufacturers are specifically focused on this category. Calcium pills and capsules, on the other hand, are large in size and harder to swallow, which are expected to pose as a potential threat to their demand. In terms of product, calcium carbonate and calcium citrate continue to account for major share of manufacturers’ bottom lines. It is imperative to note that calcium carbonate requires acid generated in the stomach for absorption, and therefore, it is taken with meals, while citrate does not require meals for absorption.

Calcium supplements also account for large share in total sales of bone & teeth supplements, on the back of consumers increasingly focusing on taking preventive measures to overcome conditions such as osteoporosis and bone fractures. Moreover, rising awareness regarding the importance of preventive measures related to health along with government initiatives to reduce economic burden on healthcare systems is projected to remain instrumental to the growth of the calcium supplements market.

Calcium Supplements Market Players Set to Align with Newer Consumer Trends

The calcium supplements market is projected to record a steady growth by the next decade, with key players such as Citracal, NutraLab Canada, P.S. Health Care, Integrative Therapeutics, Swisse, Black Mores, Osteoform, Caltrate, Chambio, and Coral LLC being neck and neck to acquire a strong position. In an attempt to tap diverse demographic, these manufacturers are focusing on introducing new flavored calcium supplements that help fulfill consumer preferences for good taste, and ultimately determine their buying decision. Manufacturers are also targeted towards using natural flavours and natural colours to capitalize on rapidly increasing demand for natural ingredients in both food products and supplements. Furthermore, the trend of convenience is reflected on the emergence of calcium soft chew which quickly and easily dissolves – suitable for consumers of all age groups.

In recent years, as a high-profile vegetarian and vegan dietary movement continues to find stronger voice in food, pharmaceutical, and nutraceuticals, key players in calcium supplements market are hard pressed to innovate their products. While the jury is still out on risks of calcium supplements, increase consumer awareness on how effective dietary supplementation can assist in supporting health will continue to remain a key growth influencer of the market.

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The report covers exhaustive analysis on:

• Calcium Supplements Market Segments
• Market Dynamics
• Calcium Supplements Market Size
• Supply and Demand
• Current Trends/Issues/Challenges pertaining to calcium supplements market
• Competition Landscape and Emerging Market Participants in Calcium Supplements Market
• Technology related to Production/Processing of Calcium Supplements
• Value Chain Analysis of the Calcium Supplements market

The regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South 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 calcium supplements market segments and geographies.

Calcium Supplements Market : Segmentation

Report Highlights:

• A detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size regarding volume and value
• Recent industry trends and developments for yorker spouts market
• Competitive landscape for yorker spouts market
• Strategies for key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

According to a new report by Future Market Insights titled “Decorative Paints Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”, the global decorative paints market is anticipated to reach a market valuation of US$ 42.9 Bn by 2016 end and register a CAGR of 5.3% during the forecast period 2016–2026. In the report, Future Market Insights analyses the global decorative paints market performance and throws light on the key drivers, restraints, and trends likely to impact the market during the assessed 10-year period.

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According to analysts at Future Market Insights, changing consumer demands and a rapid development of commercial and residential buildings is expected to boost the growth of the global decorative paints market over the forecast period. A growing number of commercial buildings and rocketing construction of skyscrapers is further expected to push the demand for decorative paints in the coming years. Manufacturers are producing paints that can be used on multiple substrates such as cement walls, wood, glass, tiles, composites, etc. with robust physical and chemical properties, providing consumers the freedom to use paints as per their suitability. This is expected to boost the growth of the global decorative paints market over the forecast period. However, the threat of product substitution is expected to be a restraint to the global decorative paints market and use of nanotechnology based powder paints and coatings is expected to pose significant challenges to traditional decorative paints manufacturers globally.

“Introduction of intelligent paints for controlling temperature and heat transfer in varied geographical and climatic conditions around the world is emerging as a major trend in the global decorative paints market. Further, the need to decrease the hazardous impact of solvent based paints on the environment across the globe is pushing manufacturers and consumers to go for water based paints that emit lower Volatile Emission Control (VOC) as compared to solvent based paints.” — Analyst – Chemicals and Materials, Future Market Insights

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Key Segment

By Formulation

• Emulsion
• Distemper
  • Acrylic
  • Synthetic
  • Dry

By Application

• Interior
• Exterior

By Price

• Premium
• Medium
• Economy

By Sales Channel

• Offline
• Online

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Japan
• APEJ
• Middle East and Africa (MEA)

Segmentation highlights

The global decorative paints market is segmented on the basis of product type into water based paints and solvent based paints; on the basis of formulations into emulsions and distemper; on the basis of price into premium range, medium range, and distemper range; on the basis of application into interior and exterior; and on the basis of sales channel into offline store and online store.

• On the basis of product type, the water based paints segment is estimated to be pegged at 21,014 KT in terms of volume by the end of 2016
• On the basis of formulations, the emulsions segment is expected to create incremental $ opportunity of US$ 24.10 Bn between 2016 and 2026
• On the basis of price, the premium range segment is estimated to account for a market value share of 39.7% by the end of 2016
• On the basis of application, the interior segment is estimated to be pegged at 18,612 KT in terms of volume by the end of 2016
• On the basis of sales channel, the offline store segment is expected to register a CAGR of 5.4% during the forecast period

Regional market projections

The global decorative paints market is segmented into the seven key regions of

• North America,
• Latin America,
• Western Europe,
• Eastern Europe,
• Asia Pacific Excluding Japan,
• Japan, and Middle East & Africa.

The APEJ region is expected to dominate the global decorative paints market in terms of revenue, registering a CAGR of 5.9% during the forecast period.

Vendor insights

The global decorative paints market report profiles some of the leading players operating in the market such as

• Akzo Nobel N.V,
• The Sherwin-Williams Company,
• PPG Industries Inc.,
• Asian Paints,
• Nipsea Group (Nippon Paints),
• BASF SE,
• The Valspar Corporation,
• Berger Paints India Limited,
• Kansai Paint Co. Ltd.,
• RPM International Inc., and
• Jotun.

Top market companies are investing heavily in new manufacturing facilities and are collaborating with big international players to increase sales and retain their strategic position in the global decorative paints market.

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

The global market for gait trainers is being progressively influenced by the growing competition and the expansion of the walking aids industry. The rising number of spinal injuries as well as strokes that impacts the ability of a patient to walk has been incessantly supporting the global gait trainer market to grow and has been expected to remain the same in the forthcoming years. In Europe and North America, manufacturers are strengthening their position as they are the key focus regions with the maximum potential for the players to take leverage from. For instance, key players such as Rifton Equipment, Ottobock Inc.., Ekso Bionics, Hocoma AG, and AlterG are expanding their commercial presence in international market.

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The players in the market are increasingly focusing on raising their market penetration through exploration of the untapped markets. In order to increase its market penetration, the company is focusing on enhancement of its products by introducing new technologies and upgrading its existing products and also simultaneously focusing on strategic alliances for sale and promotion of its products globally. Manufacturers are basically focusing on upscaling the production of automated gait trainer.

The proliferating acquisition activities and contractual agreements between manufacturers and local service providers are the factors promoting the growth of the global gait trainer market. Manufacturers of gait trainer devices and exoskeletons are focusing on government contracts and agreements with other medical device companies, in order to manufacture cost-effective products, especially for rehabilitation.

According to the report published by Future Market Insights (FMI), the global gait trainer market is expected to witness a CAGR of 4.9% from 2022 to 2028. In 2017, the market was worth US$ 271.5 Mn and is projected to rise to a valuation of US$ 456.3 Mn by the end of 2028.

Technological Advancements to Pave Way for Market Progression

In the last couple of years, various types of gait trainers to support ambulation practices have been developed, the treadmill and over ground systems are the ones gaining popularity. Advanced gait trainer systems are predominantly designed to minimize stress–strain shielding with adjustability in height, and increase the range of motion with high efficiency. As indicated by the expert analyst, New FDA-cleared EksoGT exoskeleton comes with a controller, inbuilt software coupled with smart assist pre-gait and freegait quick fit technology. Ekso pulse comes with a cloud-based technology, analytics, wireless transmission and cloud storage.

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Competitive Pricing to Obstruct Growth Tract

The price elasticity of the gait trainer market has grown extensively owing to the significant role played by the government and managed care groups. HME dealers purchase gait trainer products based primarily on the price, so that they can be assured of being reimbursed. Thereby, manufacturers must fiercely compete on price in order to win large dealer contracts and purchases. The rising Asian imports of gait trainer are bound to send the prices to a certain low. With increasing number of participants, the prices will continue to decline.

The global hemp seed oil market size is anticipated to reach US$ 336.1 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will rise at an impressive 18.5% CAGR between 2020 and 2030. According to the report, the rising demand for sustainable products will drive growth in the market. The report offers a holistic market overview intended to help stakeholders get a better look and the prevailing trends and opportunities. Besides examining investment feasibility across key segments, the study also analyses threats to the market.

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Increasing adoption of label-free detection techniques over labelled detection techniques is due to their cost-effective nature. Additionally, the availability of versatile products coupled with surface plasmon resonance to enhance the specificity of tests is an important factor that will bolster the demand for surface plasmon resonance. Imaging systems help in increasing throughput at a remarkable speed and with precise motion and consistency in report generation. Furthermore, the introduction of multifunctional products for improved outcomes is also expected to drive the growth of the surface plasmon resonance market over the forecast period.

The global surface plasmon resonance market is projected to reach a market value of US$ 770 Mn in 2019, increasing at a decent CAGR of 6% over the forecast period of 2019 – 2029.

“Increasing application of surface plasmon resonance in the field of drug discovery and medical imaging is contributing to the growth of the surface plasmon resonance market. Development of new technologies coupled with surface plasmon resonance, such as nanoparticle surface plasmon resonance and microfluidics, is playing an important role in the overall growth of the global surface plasmon resonance market.”

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Key Takeaways of Surface Plasmon Resonance Market Study

• The market share of imaging systems is evaluated to grow at a significant rate by the end of 2029, as these are the ideal solution for the analysis of label-free and multiplexed biomolecules.
• Sales of surface plasmon resonance are envisaged to be higher in North America. Increasing adoption of imaging systems and biosensors in life science R&D is anticipated to boost the growth of the surface plasmon resonance market in the region.
• Innovation while developing imaging software used in surface plasmon resonance for the analysis of kinetic parameters of biomolecular interactions is a key aspect for increasing the reproducibility of results. Companies are investing in R&D initiatives to introduce superior imaging devices with enhanced magnification, to observe the smallest deflection in the refractive index, thus aiding the growth of the surface plasmon resonance market.

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Adoption of Label-free Detection Technique for Analysis of Biomolecules

Detection of biological analytes through their physical properties is difficult. As a result, researchers rely on the addition of some sort of label to one or more of the analytes that need to be studied. Inclusion of this label for increasing specificity and accuracy has increased the cost of reagents and assays. To reduce assay cost and complexity while providing more qualitative information through labelled detection, adoption of the label-free detection technique such as surface plasmon resonance has increased, and is expected to fuel the growth of the global surface plasmon resonance market during the forecast period. The label-free detection technique simplifies the procedure by reducing the time and effort required for the development of the assay. Thus, increasing adoption of label-free detection techniques over labelled detection is expected to boost the growth of the global surface plasmon resonance market.

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The surface plasmon resonance market report, a new study by Future Market Insights, opines on the evolution of the global surface plasmon resonance market from 2014–2018, and presents demand projections for 2019–2029, on the basis of product type (imaging systems, sensor systems, and reagents), application (drug delivery, material science, and biosensors), and end user (academic and research institutes, food and beverage industry, biopharmaceutical companies, CROs, and others), across seven prominent regions.

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ESOMAR-certified company Future Market Insights (FMI) has published a report on the global pharmacovigilance market for the forecast period 2021-2031. According to the report, the market is poised to reach new heights, as pharmaceutical companies scramble to introduce new drug candidates for multiple ailments, which will result in an increase in clinical trials.

As per FMI’s analysis, the market is expected to register double-digit growth, experiencing an impressive CAGR throughout the forecast period. Historically, the market posted credible gains, surpassing US$ 6 billion in 2020, expanding at a CAGR of over 14%. Growth prospects were further heightened during the COVID-19 pandemic, as the scramble for new treatment approaches is prompting pharmaceutical companies to initiate clinical trials for the same.

Prominent pharmaceutical companies are forging long-term partnerships and service agreements with contract research organizations and business processing outsourcing units to enhance existing pharmacovigilance operations by virtue of cost reduction from drug delivery to post-marketing approvals. In April 2021, Thermo Fisher Scientific Inc. announced its plans to acquire Pharmaceutical Product Development (PPD) Inc. for a purchase price of US$ 17.4 billion, which will help enhance the latter’s pharmacovigilance portfolio expansion.

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On the basis of service providers, the market has been segmented into in-house and contract outsourcing. As the number of chemical entities has been growing in the global pharmaceuticals market, pharmacovigilance is increasingly become a mandate for drug manufacturers. Considering the change in regulations, phase III and phase IV studies are being increasingly conducted to monitor the long-term safety outcomes of pharmaceuticals and biological products. Implementation of active pharmacovigilance activities assists in the execution of long-term plans, such as in bringing improvement in patient outcome and minimisation of health care associated costs, particularly related to Adverse Drug Reactions (ADRs), and in the prevention of drug hazards.

To provide deeper insights into the pharmacovigilance market, the report has also been segmented by phase of drug development, type of reporting method and type of service provider.

By phase of drug development, the clinical trial phase III segment is projected to expand at a CAGR of 15.5% in the global pharmacovigilance market by phase of drug development by 2020 end in terms of value. Evaluation of real-time effectiveness of the drug and availability of a facility to conduct trials in state-of-the-art settings, thus complementing the outcomes of premarketing randomised control trials, are the prime benefits availed from pharmacovigilance in phase IV trials. It has also been reported that approximately 57% of the global pharmaceutical companies outsource post marketing operations to CROs in order to avoid the high operational cost associated with technological infrastructure and hiring skilled staff.

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The primary barriers in the market include high risk associated with securing data in case of pharmacovigilance outsourcing and lack of availability of skilled workforce specialising in drug monitoring.

The primary trend in the pharmacovigilance market is an increase in dependence on third party services. Other trends include harnessing shorter turnaround times for faster market capitalisation and requirement of highly skilled personnel for monitoring side effects.

Some of the key players identified in the global pharmacovigilance market report include: Accenture plc, Bristol-Myers Squibb, Clinquest Group B.V., Cognizant Technology Solutions, Covance, Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc (GSK), ICON plc, iGATE Corporation, iMEDGlobal Corporation, inVentiv Health, Inc., Novartis International AG, PAREXEL International Corporation, Pfizer, Inc., Pharmaceutical Product Development, LLC. (PPD), PRA Health Sciences, Inc., Quintiles Transnational Holdings, Inc., Sanofi S.A., Synowledge LLC and Wipro Limited. These companies specialise in pharmacovigilance services, and focus on market consolidation initiatives and analyses of their specific strengths, weaknesses, opportunities and threats to strengthen their position in the market.

The report has been concluded with strategic recommendations for players already present in the market and new players planning to enter the market, which could help them in the near future.

This report assesses factors driving growth of each segment of the market and presents analysis and key insights on the potential of the pharmacovigilance market as per region-specific trends. North America accounted for majority of the pharmacovigilance market revenue in 2014. However, incidences of increasing consumption of drugs and rise in cases of adverse drug reactions are expected to drive growth of the market in Asia Pacific and Latin American regions.

Preview Analysis Global Pharmacovigilance Market Segmentation By Phase Of Drug Development (Preclinical Studies, Phase I, Phase II, Phase III, Phase IV); By Methods (Spontaneous Reporting, Intensified ADR Reporting, Targeted Spontaneous Reporting, Cohort Event Monitoring, EHR Mining); By Type Service Provider (In-House, Contract Outsourcing), Others – Market Size, Growth, Forecast, Sales, Pricing Forecast, Share, Export Value, Export Volume, Trade: https://www.futuremarketinsights.com/reports/pharmacovigilance-market

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