Expanding Chemo-Adjuvant Therapy Prescription for Cancer Management to Increase Chemotherapy-Induced Myelosuppression Treatment Market Expansion

The market for chemotherapy-induced myelosuppression treatment is lead by the three foremost producers, which incorporate Janssen Pharmaceutical NV, Teva Pharmaceutical Industries Ltd. and Amgen Inc. These makers are contending based on the new medication propelled, enhancing geological product impressions, and the costs of products. The makers in the market are concentrating on the extension of their product portfolios by propelling distinctive biosimilars to originator products in different regions.

Amgen Inc. accounts for a significant portion of the worldwide market revenue. The company is the conceiver of different biologics and has held licenses for different formulations. On the other hand, because of the ongoing patent expiry of different items, it is confronting huge challenge from the new biosimilars which have been presented in the worldwide market by different producers, for example, Mylan NV, Sandoz, Janssen Pharmaceutical NV, Pfizer Inc., Teva Pharmaceutical Industries Ltd., and others. By experiencing collaborations and partnerships with local medium in addition to huge organizations, the makers in the market are concentrating on extending their regional product impression by propelling new items in addition to their current portfolio in emerged nations.

Cancer is the subsequent driving reason for deaths globally. The universal approachability of progressive treatment choices, for instance, radiotherapy, surgical procedures, & chemotherapy is additionally boosting the worldwide market. The cancer diagnosis has upgraded the treatment- searching pace in the developed world & is steadily enhancing in rising world that is, in this manner a significant driver of the worldwide market. This treatment explicates noteworthy potential for revenue generation in developing nations attributable to enhancing treatment-seeking paces and enhancing product approachability.

The expiry of patent of different originator biologics in the worldwide market has made huge chances for several producers in the global market to dispatch the biosimilars for these product. In the market, vast majority of the patents were held by Amgen Inc. Conversely, a handful of them have elapsed in the preceding 3-5 years that has instigated the dispatch and endorsement of dissimilar biosimilars in the higher revenue producing chemotherapy-actuated myelosuppression treatment markets, for instance, Europe & North America. For instance, the patent for Amegen Inc’s. Neulasta, a biologic utilized for the neutropenia treatment, in the U.S., lapsed in 2015 following which Sandoz propelled Zarxio, the first biosimilar in the U.S. In spite of the fact that the cost variety between biosimilars and originator formulations is only 20% to 15%, it can diminish the financial weight on patients. The market expansion can be considerably credited to the risinf accessibility of comparatively lucrative biosimilars in the global market.

Rising emphasizing on the R&D of therapies and drugs for the treatment in conditions, for instance, thrombocytopenia, anaemia and neutropenia, is projected to make notable development chances in the market. Developing R&D costs by pharmaceutical spheres for the different medications utilized for the treatment is projected to support the product pipeline. The nearness of different clinical-stage pharmaceutical organizations that are concentrating on the advancement of novel medications for the treatment, is likley to be a significant forecast influence factor

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Servo Motors and Drives Market to Ride on Robotics Industry’s Coattails; Sales to reach ~US$ 6 Bn: PMR

Persistence Market Research (PMR) recently published a market study on servo motors and drives, and it finds that the demand has been growing at a healthy pace, attributing to the increasing adoption industrial automation technologies across diverse sectors. Positive growth of the Industry 4.0 trend is triggering the sales of advanced motion control devices, and this is likely to boost the servo motors and drives market to reach a valuation of ~US$ 12 billion by 2019, projects the PMR study.

The study opines that the global sales of servo motors and drives is set to grow over 2.3X during 2019 and 2029, and it is mainly attributed to the their growing applications in the robotics landscape. In 2018, the sales of servo motors and drives in the robotics industry accounted for nearly US$ 5.7 billion, and they are expected to continue their upward spiral in these applications in the coming years, says the PMR study. The recent upsurge in adoption of robots and cobots in the industrial landscape is expected to contribute to the increasing sales of servo motors and drives in the coming years.

Robotics technologies and applications are becoming more ubiquitous than ever across a wide range of industrial areas including manufacturing, healthcare, among others. Growing adoption of motion control equipment in the development of industrial robots has been bolstering growth of the servo motors and drives market. Consequently, leading market players are expected to introduce need-specific products to capitalize on the increasing trend of robotics to replace conventional motors used in most industrial applications, projects the PMR study.

AC Servo Motors hold Three-fourth Revenue Share; Induction Motors witness High Demand

The PMR study finds that the sales of AC servo motors accounted for nearly 75% revenue share of the global market for servo motors and drives in 2018, and its growing applications over DV servo motors is expected to foster this trend in the coming years, opines the study. AC servo motors and drives have become a fundamental element that supports the implementation of industrial automation technologies, and this will continue to influence emerging trends in the market, opines the study.

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AC servo motors and drives enable smoother operation of various automated equipment in the industrial landscape, and with the rise in adoption of automation technologies, their demand will continue to increase, projects the PMR study. Owing to its operational versatility and a high level of precision in applications, the adoption of AC servo motors and drives is increasing in a wide range of applications such as automation, CNC machinery, and robotic. Furthermore, the PMR study also finds that the demand for induction motors will remain significantly higher than synchronous motors, shaping the future trends in the servo motors and drives market.

Aligning With ‘Supply On Demand’ Trend Despite Moderate Growth

The idea of high production efficiency in industrial, and manufacturing bracket is evangelizing the traditional mindset of enterprisers across the globe. With automation making forays into diverse applications, innovation is imminent in disrupting the firewood processing industry. The demand for firewood processor persists to witness a moderate growth following the fact that the utilization of wood as fuel has not yet phased out.

The requirement of wood for recreational projects tends to outmatch the supply. As such, manufacturers hone on advanced technologies to achieve the aim of ‘supply on demand’ by designing firewood processors exhibiting the features of high operating speed and low supervision requisites. However, concerns regarding workforce safety provokes mandatory ergonomic standards, thereby compelling the installation of nexus or chains around the saw to counter hazards in industrial settings.

Sensors and Hydraulics for Enhanced Splitting of Firewood

The operation of firewood processors is managed by a smart system that helps the users. The setup is armed with sensors that quantify and handle the operation dynamically. The firewood processors optimize the performance per se, according to the type of wood, making them highly suitable for all log sizes. Further, the firewood processors consists of a data connection, allowing connection to the workshop to receive updates.

Firewood processors transfer the processed firewood logs to the saw unit with the help of front feed – run hydraulically – and detected by optical sensors in the procedure. The electronic control unit cuts every rod in a manner avoiding scraps, and uniform splitting of firewood. Presence of a light curtain ensures that the stopping of the automatic cutting system in case the buffer zone is completely filled and resumes per se after emptying. The scraps are transported to the specified sink behind the machine.

Provision of joystick allows operators to perform the major functions of firewood processors. The joystick handles feeding, sawing, splitting and the guide plate. Inclusion of logistics enable partially automatic working. In addition, firewood processors detect the exact number of splits automatically while using the blade. Advanced firewood processors offer broad range of features, including a touch screen that delivers the operators with performance data and analytics related to the machine.

Innovative Splitting Methods to Produce Logs of Required Standard

Firewood processors provide multiple splitting methods for ensuring efficient splitting of all sizes of logs as standard features. With the help of the innovative splitting blade and method, firewood processors constantly fulfill A-grade size requisites, with different sizes of starting material.

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The proprietary splitting blade assures fast speed, straightforward usage, and efficacy of firewood processors in spite of the toughness and diameter of the firewood being processed. The size of the final product can be altered with different knife alternatives. Standard knife cuts to 12 ways, yet the hydraulic knife offers the facility of optional 6 and 8 way knifes if necessary. The hydraulic knife consists of stainless steel, ideal for heavy duty applications.

The rising demand from customers for the production of clean and debris-free firewood is influencing manufacturers to equip firewood processors with an innovative cleaning system as a basic aspect. The cleaning system eliminates dust and debris from processed firewood by means of vibrations. The cleaning system is set up behind the splitting section, and an independent conveyor is used to ward off the debris.

Increasing Focus on Wastewater Treatment to Tackle Water Scarcity Grabs Pump Manufacturers’ Attention

Space-age technologies are transmuting diverse industries, including pumps, to accurately fit to the fluctuating end user demands. Escalating energy expenses are compelling pump manufacturers to embrace new business designs in order to improve product inspection and counter environmental impact in sync.

Organizations across the world are focusing on wastewater treatment, citing the threat of water scarcity. The rising vitality of water and wastewater treatments is motivating pump manufacturers to tap white spaces in target applications. With natural resources on the edge of depletion, pump manufacturers are developing products with enhanced efficiency, and reduced fuel expenses.

Adopting Variable Drive Frequency Technology for Slurry and Sludge Pumping Applications

Variable drive frequency (VDF) pumps alter the frequency of the power supply, permitting exact and immediate adjustments to pump operation. Pumping water is a static method following stable chemical properties of water during operation. On the other hand, slurry and sludge are unevenly mixed. The viscosity changes frequently, leading to issues while pumping.

VDF technology adjust the working of the pumps on the spot, compensating for the fluctuations in operational load without the need for interruption. As a consequence, damages to the machine are prevented, while the pumps operate at maximum efficacy.  With the advent of digitalization, on-board smart chips and computers control VFD pumps on the fly, reducing the need for input from pump operators.

Centrifugal Pumps for Treating Hazardous Liquids

Centrifugal pumps are emerging as the product of choice owing to straightforward design and operation. The pumps contain diverse range of capacity and head, each generating a relevant flow rate. In addition, centrifugal pumps are beneficial for pumping low-viscosity liquids. The pump chamber and the motor are split by the air gap to disallow transfer of heat.

Absence of a drive seal in centrifugal pumps eliminates frictional loss, noise, wear & tear, and leakage risks. As such, centrifugal pumps are a great fit for applications involving toxic substances. After pumping, the entire fluid is separated from the pump drive, making the machine highly efficient – complete utilization of motor power. Further, the magnetic coupling avoids damages to the centrifugal pumps.

Positive Displacement Pumps for Handling Sludge in Wastewater and Precise Dosing in Chemical Applications

Although, centrifugal pumps find favor with myriad applications, positive displacement (PD) pumps are preferred for handling variety of sludge present in wastewater following the ability to pump of high viscosity, and thick materials. PD pumps offer smooth and uniform flow rate for process equipment. Accompanied by their metering abilities, PD pumps are utilized in belt filter press feed, and screw press feed.

The ability of positive displacement pumps to reverse make them suitable applications found in wastewater, such as truck loading & offloading, and plugged line. Further, PD pumps are self-priming, allowing them to pull suction lifts. PD pumps, owing to high efficiency and precision, are highly preferred for dosing applications. Combined with magnetic coupling, positive displacement pumps for temperatures up to 500 °C.

Partial Emission Pumps for Oil & Gas Operations

Partial emission pumps (PEP) easily cater to the low flow rate, high head process requisites sans the need for increased velocity solutions. Absence of gearbox in the machine offers easy maintenance. The desired output speed in PEP is achieved by increased impeller dimensions in lieu of increased rotating velocity. Low rotating speed offers low NPSHr (Net Positive Suction Head Required) properties throughout the working curve.

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Open impeller design and abundant clearances enable moderate solid contents in the process liquid, and significantly decreases the friction between the casing and the impeller. PEPs eliminate impeller backflow, avoiding erosion, and noise. Further, the pumps decrease radial load to tackle shaft deviation, and high vibrations.

Manufacturing of Synthetic Camphor Is Escalated In Rising Nations Whilst the Need for Synthetic Camphor Is Higher Worldwide

Synthetic camphor is customarily arranged from the camphor tree extracts. Whilst the one produced utilizing chemical synthesis is called synthetic camphor. One of the majorly significant raw material utilized in the production is turpentine oil. It includes two grades of products exclusively separated based on its purity. Even though the technical grade is under 98% pure and utilized as a plasticizer, as an insecticide ingredient or in the generation of personal care products. Pharma grade is a higher purity product incorporating in excess of 98% as well as utilized in topical items, (for example, muscle rub salves) and production inhalants, (for instance, nasal decongestants). As a result of its toxicity, it isn’t decreed to be ascertained orally. Pharmaceutical grade is projected to account for a huge share in the worldwide market whereas the technical grade is projected to extend at a reasonably quick pace.

It is utilized underway of insecticides, for example, mosquito repellants as well as moth repellants. On the increasing awareness on the subject of the air purifying attributes, the need for synthetic camphor powder has witnessed a rise from the downstream makers of synthetic camphor tablets. A number of producers are in addition noted to provide tablets over and above powder on top of extending the two previously mentioned grades of synthetic camphor. The growing extent of uses of plastics has likewise established to act in the backing of synthetic camphor since it is employed the same as a plasticizer in the manufacturing of PVC plastics and celluloid. The formulations are in addition noted to be useful in a few health diseases. In spite of the fact that it isn’t endorsed for the oral course of administration on account of its toxicity, it is in general employed in the making of topical drug as well as inhalant formulations. Being delegated OTC (Over The Counter) as well as non- prescription drugs sales expand the development of such products as well as have an aberrant however critical effect on the worldwide market, bringing up its worldwide requirement.

The expense of synthetic camphor in the course of the financial year 2017-18 has dipped abruptly along with a climb of more than 60% when contrasted with the prior year. The sudden ascent in the costs whereas the expense of its raw material has stayed stable is as a result of the supply lack of synthetic camphor in the market. As neutralization to this, few market members are engaged towards sloping up their generation limits. These makers are engaged with trading their items and are channelizing their endeavors towards building up direct accomplices in their individual objective markets. One of the key producers, Kanchi Karpooram Limited, is mentioned to be in the last phases of extension of its offices in India, anticipating environmental clearances. When affirmed, the organization is anticipated to have the option to twofold its creation in addition to quicken its revenue development.

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Rising Need for Efficient and Improved Fastening Tools from Transportation & Automotive End Users to Drive Rivet Gun Market Growth

The increasing need for pneumatic rivet guns & the rising online sales of rivet guns are a few of the foremost aspects that will boost the need in the worldwide market.

Urbanization is making a requirement for extra infrastructure improvement, for example, energy, transportation, and associated support services; all of which demand rivet processing tools. As per the UN, the global populace is anticipated to increment by 20% amid 2015-2025, with Africa and Asia anticipated contributing essentially to this development that is likely to additionally prompt urbanization and the consequent requirement for power and hand tools. Interest in the housing sector is a foremost aspect for rivet processing tools and rivet guns as rivets are generally utilized in residential construction for the attachment of doors via hinges, in addition to ceiling and roofing. Development in marine, automotive and aerospace fasteners is additionally anticipated to fuel the need for rivet guns in the worldwide market. The rivet guns sales in India are developing with quick infrastructural improvement and urbanization, and solid investment in the construction housing segment. Sales in Japan developed with the slow recuperation of investments in the housing sector and the need for reclamation trailing the Great East Japan Earthquake.

According to IMF information, the worldwide economy developed by 3.8% (genuine GDP) in 2017. Economic development enhances the way of life, close to the spending intensity of individuals. The automotive sectors worldwide and getting a charge out of a time of moderately solid and substantial profits and growth that thusly has been upsurging the need for rivet processing tools (rivet guns). These are broadly utilized to produce and gather the pieces of a vehicle utilizing rivets. Rapid urbanization and enhancing monetary conditions have prompted an expansion in the sales of vehicles in developing markets. In this manner, the expanding need and ensuing generation of automotive have prompted an expansion in the need for tools to utilize to gather automotive parts.

The pneumatic rivet gun fragment is anticipated to develop based on value, over the conjectured time frame. The increasing need for automotive fasteners and lightweight processing tools in the automotive sector for energy efficiency, high performance, and ease of use are a few of the different factors fuelling the market development of the rivet gun.

The increasing need for consumer electronics with contributed functionality, superior performance, and long operating times are instigating electronics makers to center on evolving quicker methods to offer products to end users. Rivet processing tools, for instance, rivet guns act as a remarkable role in converging these objectives. Stable and accurate processing tools allow closing control of the microenvironments encompassing semiconductor and electronics tools. In the earlier few years, the electronic sector has developed at a significant pace in rising nations, thereby offering impetus to the market developments of the rivet gun. Online or e-business sales in rising economies have additionally been increasing at a remarkable pace in the present years. The online rivet guns sales worldwide are anticipated to expand in value terms throughout the projected years.

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Growing Acceptance in Electric Vehicles to Boost Automotive In-Wheel Motors Market Growth

An automotive In-Wheel motor is a critical part of the transmission assembly and is utilized to fuel an electric vehicle wheel, subsequently encouraging better control. These are utilized in every electric vehicle, incorporating heavy commercial vehicles (HCVs), light commercial vehicles (LCVs) along with passenger cars. Accordingly, the developing generation of electric vehicles is the foremost aspect expected to boost the worldwide market over the years to come.

On the other side, the significant expense of the objective product in addition to electric vehicles are anticipated to be significant blocks for the development of the worldwide market in the approaching years. Presently, electric vehicles are in the starting stage. On the other hand, following 10-15 years, these electric vehicles will predominate the worldwide automotive market, in this manner making worthwhile market prospects for the automotive In-Wheel motors.

Automotive in-wheel motors have registered a noteworthy flood in sales as of late, affected by numerous elements extending from more prominent driving reach per charge to disposal of segments, for example, differential and driving shafts. Reasonableness of in-wheel motor regarding power utilization comparative with the customarily utilized central drive unit system would keep on maintaining its inclination via automakers over the upcoming years.

End of superfluous parts is one of the essential appropriation determinants of automotive in-wheel motors, since they altogether decrease the heaviness of BEVs (battery-electric vehicles), whereas slithering up on lightweight and vehicle electrification trends. BEV represented more than 7 of every 10 motors sold worldwide in the year 2017. A foremost trend affecting BEV-explicit in-wheel motor sales is scaling down and inverter integration that includes a compact design.

These are probably going to stay touted as a reasonable future option in contrast to impetus systems utilized in powertrains. With anticipating future possibilities of BEVs, in addition to the substantial quality of enhanced hydrogen fuel cell advancements, conviction spotlights the market as promising possibilities in the forthcoming years.

Key contributions with affordability, for example, enhanced vehicle dynamics along with lesser design complexness in power transmission to the wheel, keep on fuel implementation in passenger cars of automotive in-wheel motors. With the integration of in-wheel motors in the passenger cars, it allows upgraded footing control, alongside torque vectoring capacities without included bill-of-materials.

The worldwide market develops together with the entrance of electric vehicles is fundamentally supported by the guidelines on vehicle emission, as almost 20% of these emissions outcome directly from fuel vaporization. The commitment of these zero-emission vehicles to environmental contamination is irrelevant, in spite of their backhanded effects amid electricity storage and generation. Foremost players in the worldwide market have thought of new solutions for counterbalance latent challenges looked regarding functionality, operation, and deployment. Organizations, for example, Protean Electric have professed to have defeated obstacles identified with the utilization of automotive in-wheel motors, for example, mass and road shocks, alongside multifaceted nature related to engine control software.

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Makers of automotive In-Wheel motors have been foreseen to embrace three procedures: acquirement, collaboration, along with product presentation. Numerous automotive In-Wheel motors producers are likewise concentrating completely on creating effective axial flux in the worldwide market.

Lactose Intolerance and Vegan Culture Offering Impetus to Non-Dairy Creamer Market

Developing the utilization of non-dairy creamer in the retail and household sector is anticipated to bring about expanded market share over the anticipated period. Its utilization by the food and beverage sector is probably going to represent generally higher sales. As consumption and demand of beverages keep on expanding quickly, producers are propelling unique and innovative flavors in all beverages to draw in clients, which thusly, supplements the market development of the non-dairy creamer.

Foremost Aspects Determining the Market Growth

The market attains inclination from wavering milk costs

Amid the previous two years, milk costs are fluctuating, bringing about the vulnerability of dairy products costs that is at last profiting the makers. The expense of manufacturing is to some degree stable since the costs of the raw material stay consistent. The shopper base, particularly the vegan populace and the lactose-intolerant, for non-dairy creamer is additionally expanding at a higher pace. Lactose-intolerant purchasers and those backing veganism could utilize these for their beverages as an option in contrast to the customary creamers. In the present situation, these are accessible in a wide assortment of products including a base in addition to flavors, taking into account explicit requests and inclinations.

Developing a prevalence of vegan culture has driven numerous producers to provide a few dairy choices, for example, plant-based with a similar appearance and taste as that of the dairy creamers. It is made either with the plant-based milk or the vegetable oil, for example, coconut, almond, and soy as the base, in this way lining up with the developing trends.

Lesser entrance in emerging nations has directed towards slow development

Albeit increasing disposable income in emerging nations has provided critical market prospects, entrance and awareness in these countries are similarly not as much as that in the emerged nations. As the information on lactose intolerance and implementation of veganism are still low in these nations, coming about into moderate market development. On the other hand, in the approaching years, the emerging nations, for example, Mexico, India, and China are anticipated to have significant market development. Utilization in the household is additionally less because of the absence of information about the advantages and nutritional structure of the plant-based.

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Espresso culture – growth into customary tea markets

The espresso culture is being embraced in Southeast Asian and APAC regions that are customarily tea-drinking markets. This has expanded the need for instant espresso blends that give a gourmet coffee appearance and taste, even in a sachet. Keeping that in mind, producers are attempting their best to give a luxury out-of-the-home feel in instant coffee mixes which they produce with its assistance. Instant-mix has to turn out to be a well-known product in the worldwide market, and makers are attempting to improve their products to expand the customer base. Different processed food makers additionally use it as an ingredient in the final items that are extremely well known in the MEA and Asian districts that have foreseen an ascent in the disposable income as of late. Consequently, the market in these regions will encounter a higher development rate in the forthcoming years. Also, Europe will keep on being in the vanguard of the market, attributable to the solid existence of the market participants.

Ready-Mix Concrete Market to Ride on the Residential Construction Industry’s Coattails, States a PMR Study

The construction industry has been on its upward spiral since the last few years, and stakeholders adopting cost-saving strategies is bolstering the adoption of ready-mix concrete, opines a recent study published by Persistence Market Research (PMR). The study finds that the global market for ready-mix concrete accounted for nearly US$ 60 billion in 2018, and the number will increase at an impressive rate in the coming decade. The PMR study attributes the increasing growth in construction activities worldwide for the rising sales of ready-mix concrete, especially in developing countries.

According to the World Economic Forum, residential construction accounts for more than one-third of the total construction activities taking place across countries, and with the urban population increasing at the rate of 200,000 people per day will continue to boost the residential construction industry in the coming years. The PMR study finds that more than 3/5th of the revenue share in the global ready-mix concrete market came from the residential sector, as it surpassed the industrial and commercial sectors recording the highest sales.

Though the residential sector records a large share in global sales of ready-mix concrete, the demand will spread across the range of residential housing projects to large-scale industrial plants in the coming years, reflecting the impressive growth prospects of the ready-mix concrete market. PMR opines that the residential sector will continue to remain the top revenue pocket for manufacturers in the ready-mix concrete market, however the demand will also rise substantially in other segments of the constriction landscape in the coming years.

Ready-mix Concrete Feeds the Need for Reducing Expenditure in Construction Industry

Growing demand for ready-mix concrete in engineering and construction sites is mainly driven by construction companies’ need for controlling the total cost of their materials and business activities. The PMR study finds that construction sites in remote areas and large infrastructural projects have been primarily attributed for the heightened demand for ready-mix concrete as it cuts the cost down by much greater extent than traditional, labor-intensive onsite concrete production.

The key findings of PMR’s study indicate a significant change in stakeholders’ strategies in the construction industry that focus on outsourcing ready-mix concrete to save a significant amount of onsite expenses. Other factors that are enabling construction companies to reduce their onsite expenses through ready-mix concrete include improved consistency in the concrete mix and reduced wastage than mixing concrete on site. In addition, outsourcing ready-mix concrete also saves the space, labor cost, and reduces the risk of concrete theft, which are present with the option of onsite concrete mixing facilities.

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The PMR study finds that leading companies in the construction industry are becoming aware about the potential cost-saving benefits of resorting to the option of outsourcing ready-mix concrete, and this is likely to change the market dynamics in the ready-mix concrete landscape. Global cement giants are adopting strategies to enter the building materials sector, including the ready-mix concrete landscape, to attain inorganic growth in the concrete businesses. Potential for synergies between global cement companies and small-scale ready-mix concrete is likely to unlock new growth avenues in the ready-mix concrete market, opines the PMR study.

Market Players Seek Regulatory Approvals for Pulmonary Fibrosis Treatment Drugs

Various surveys claim that about three million cases of IPF are reported all over the globe, resulting in the need for effective pulmonary fibrosis treatment. The Pulmonary Fibrosis Foundation states that a major portion of pulmonary fibrosis cases occurs in individuals aging above 40 years. Developers of the pulmonary fibrosis treatment medication are chiefly in neck-and-neck with each other based on topographical penetration, and innovative launches.

On the contrary, the advancement of innovative solutions for pulmonary fibrosis treatment is hugely impeded by insufficient knowledge regarding the prediction of the disease. The pulmonary fibrosis treatment market is majorly represented by two prominent worldwide manufacturers – Genentech Inc. and Boehringer Ingelheim International GmbH. In addition, market players are looking for a green signal from the FDA for the treatment of interstitial lung diseases (ILD), including pulmonary fibrosis and cystic fibrosis, to receive incentives.

According to the recent market study by Persistent Market Research, the global pulmonary fibrosis treatment market is anticipated to register a value of ~US$ 4.4 Bn by the end of 2029. The growth is primarily attributed to an upsurge in cases of pulmonary fibrosis alongwith the ascending diagnosis rate of the disorder. However, about two-fifth cases in developing regions are misdiagnosed – a pain point in the market growth.

Rising Prevalence of Pulmonary Fibrosis in North America Drives Market Growth

The increasing cases of various types of pulmonary fibrosis (PF) boost the demand for treatment solutions in North America, with the idiopathic PF leading the pack. As per the ALA (American Lung Association), about 50, 000 new incidents of IPF are reported annually. Individuals aging 50 to 70 years are highly susceptible to IPF, especially the male cohort.

Taking the increasing prevalence of pulmonary fibrosis, the US FDA (Food & Drug Administration) is granting approvals to orphan drug designation. Orphan drug designation decreases drug development expenses substantially, thereby encouraging pharmaceutical and biopharmaceutical firms to manufacture drugs for the treatment of rarely-occurring disorders, such as pulmonary fibrosis. The FDA orphan drug designation schemes provide an exclusivity period of 7-year advertising in tandem with incentives, including tax benefits, federal permits, and a concession PDUFA (Prescription Drug User Fee Act) filing charges.

Uptick in Cases of Idiopathic Pulmonary Fibrosis Corresponds to Increasing Treatment Demands

The market of pulmonary fibrosis treatment is majorly fueled by surging incidents of idiopathic pulmonary fibrosis (IPF). Research studies suggest that IPF is the most prominent type of pulmonary fibrosis. Globally, about 13 to 20 per 100, 000 individuals complain of IPF. Approximately 100, 000 individuals in the US are affected by IPF, with medical professionals diagnosing 15, 000 patients with the disease.

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Idiopathic pulmonary fibrosis generally targets the male cohort, yet prominence among the female counterparts is on an upward swing. Further, IPF poses a maximum impact on the geriatrics – 65 years or above. With the incidents of IPF increasing, the need for pulmonary fibrosis treatment increases.