Demand for Cost-Effective Treatment Options is expected to drive the Asthma Therapeutics Market Up To 2024

Global asthma therapeutics market is expected to reach USD 25.6 billion by 2024, according to a new study by Grand View Research, Inc.

The increasing prevalence of asthma coupled with the adoption of biologics as a long-term treatment option to treat the severe form of asthma is expected to offer this market with lucrative growth opportunities. According to the statistics published by the World Allergy Journal, in May 2014, patients suffering from asthma registered around 300 million and the number is expected to soar due to a large number of individuals inclining towards unhealthy dietary habits and sedentary lifestyles.

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In addition, patent expiration of branded drugs, such as Singulair, Advair and other major drugs during the forecast period has led to a stiff generic competition, which will negatively impact the asthma therapeutics market growth in the coming years. On the contrary, the introduction of biologics is accruing towards the increasing market share of the asthma therapeutics segment, and is anticipated to continue during the forecast period.

The enhanced demand for personalized medicine approach as opposed to the conventional medication prescription pattern for treatment of severe asthma is anticipated to aid the emergence of asthma therapeutics market in the future. In addition, development of technologically advanced products, such as pressurized metered dose inhalers and smart inhalers, equipped with sensor technology and inbuilt wireless communication system is further expected to propel the asthma therapeutics market growth in the next seven years.

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Further key findings from the study suggest:

  • The anti-inflammatory drug class is expected to exhibit rapid growth at a lucrative CAGR of 3.4% over the forecast period owing to the introduction of affordable and innovative biologics targeting the severe asthma condition. In addition, the awareness gained pertaining to the benefits rendered by the biologics and monoclonal antibodies is anticipated to exhibit an upward shift in the market expansion in the coming years.
  • The dry powder inhalers (DPIs) are expected to be the fastest growing segment due to the increasing adoption of these devices because of their high clinical efficiency than other inhalers. They are able to deliver both, small and large-sized drug components and dispense specialty engineered molecules. These related merits have spiked the adoption rates thereby contributing towards the risen market penetration.
  • Rising number of individuals opting for alternative treatment options, such as inhaled fixed-dose combination drugs for asthma medication is anticipated to serve this market with future growth opportunities. The inhalers market is expected to grow at a CAGR of above 2.0% over the forecast period.
  • Some of the key players operating in the asthma therapeutics market include AstraZeneca Plc, Philips Healthcare, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline Plc, Sanofi-Aventis SA, CareFusion Corporation, Sunovion Pharmaceuticals, Inc., Boehringer Ingelheim GmbH, Roche Diagnostics, and Merck& Co., Inc.
  • Market leaders are focusing on the introduction of technologically advanced devices and novel, improved biologics to gain a competitive advantage. The asthma therapeutics segment has a very strong pipeline as there are almost 100 novel molecules that are in the development phase and manufacturers are focusing on the development of personalized medication. The aforementioned factors collectively strengthen the industry growth in the near future.
  • For instance, drug molecules, such as Cinquil by Teva Pharmaceutical Industries Ltd., Lebrikizumab by Roche (Phase III), Mastinib by AB Science (Phase II/III), and Bosatria by GlaxoSmithKline Plc (Phase III), are in the development stage undergoing clinical research trials. Their commercial availability during the forecast period is expected to provide a boost to this vertical.

    Grand View Research has segmented the global asthma therapeutics market on the basis of drug class, product, route of administration, and region:

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Polyacrylamide Market Analysis By Product & Application And Segment Forecasts To 2024

The global polyacrylamide market is expected to reach USD 8.61 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for the product in water treatment application is expected to be a key factor driving the industry growth. Increasing population and uncertain rainfall patterns in Asia Pacific is expected to drive demand for water treatment chemicals, which is likely to open new avenues for the industry over the next eight years.

Growing application scope of the product in oil & gas industry to enhance the oil recovery is expected to propel demand over the projected period. Polyacrylamide is used as a reinforcing agent in papermaking industry which works as both, dry strengthening agent and wet strengthening agent. In addition, rising demand for the product in the cosmetics industry as stabilizers, foam builders, binders, film formers, antistatic agents and hair fixatives is likely to propel demand.

polyacrylamide-market

Polyacrylamide market is characterized by backward integration by polyacrylamide manufacturers to maximize profit margins. The manufacturers are likely to face challenges owing to the environmental issues related to the product and high raw materials prices. The productis highly volatile in nature, which is a key concern for manufacturers, which is expected to lower the production volumes. However, increasing end-use demand from mining and paper making industry is expected to drive demand for the product over the projected period.

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Further key findings from the report suggest:

  • Anionic polyacrylamide polymers are likely to witness the fastest growth of CAGR of over 7.9% from 2016 to 2024 owing to their wide application scope in industrial waste water treatment, coal washing, and mining industries. Furthermore, superior properties of anionic polyacrylamide which include adsorption mechanism of the molecules on the Nano-zirconia surface and high compatibility are expected to offer a competitive edge for the compound over its counterparts.
  • Europe market was valued over USD 650 million in 2015 and is likely to witness significant growth owing to the upcoming research analysis and the technological innovations on hydrogels which have become very popular in the field of medical sciences.
  • Water treatment was the largest application for polyacrylamide and is expected to grow at a CAGR of over 7.8% from 2016 to 2024. Growing demand for waste water treatment in various end-use industries including the textile, paper & pulp, dairy, metal cutting and the chemical is expected to drive demand over the projected period.
  • Companies are focused on increasing their footprint within the industry through constant product innovation. The technological advancements in the product field such as the production of polyacrylamide gel and powders from the aqueous solution are expected to open new avenues in the field of medical sciences.
  • Key participants include SNF Group (France), Kemira (Finland), Ashland Inc. (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), Beijing Heng- Chemical Group Co., Ltd., Shandong Zibo East Polymer Co., Ltd., Shandong Shuiheng Chemical Co., Ltd. and together accounting for over 50.0% of the global market share in 2015.

    Grand View Research has segmented the global polyacrylamide market on the basis of product, application and region:

Growing Need for Lightweight Automobiles on a global level is accelerate demand of Stainless Steel Market

The global stainless steel market is expected to reach USD 127.19 billion by 2024, according to a new report by Grand View Research, Inc. Stainless steel finds wide application in various end-use industries including building & construction, transportation, industrial machinery, household appliances, metal goods, and electronics owing to inherent characteristics such as durability, high tensile strength, and resistance.

Rapid urbanization and improving socio-economic standards coupled with expanding middle-class population is expected to be the key factor driving market demand, particularly in the infrastructure sector. Increasing investment in construction and infrastructure led to an 8% increase in demand for long products in the past few years.

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Stainless steel is extensively used in petrochemical as well as oil exploration & production industries. Rising oil exploration and production activities across the globe to meet growing energy requirements is expected to further drive stainless steel demand over the forecast period. Stainless steel forms the basis of production of pressure valves, heat exchangers, cracking furnaces, tanks, chemical tankers, and process pipes in the petrochemical industry. On the other hand, it is used in sub-sea systems, offshore platforms and LNG tankers in case of exploration equipment.

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Further key findings from the report suggest:

  • Automotive application of stainless steel is expected to witness the fastest growth at a CAGR of over 4% from 2016 to 2024. CAFÉ regulations in the U.S. emphasize on thereduction of CO2 emissions from vehicles by reducing their weight. Stainless steel is a major component in vehicle manufacturing owing to light weight, corrosion resistance, and aesthetic appeal. It used in car doors, bus bodies, exhaust systems, motor shafts, silencer wool, and timber truck & trailer.
  • North America market was estimated over 3,000kilo tons in 2015. U.S. being a major market in the region accounts for a major chunk of the demand.Construction industry growth in U.S is expected to positively impact the stainless steel market. Stainless steel caters to demand from various application segments such as building &construction, heavy industries, and consumer goods. Increased application of stainless steel in heavy industries and consumer goods is expected to impact positively on market growth of stainless steel in this region.
  • POSCO, Acerinox, Baosteel, Aperam, and Outokumpu are leading market players on the global level as of 2015. Other market players include Bristol metals, Jindal Steel, Nippon Steel & Sumitomo Metal, RTI Industries, Sandmeyer Steel, Sandvik Materials, Schmolz+Bickenbach AG, ThyssenKrupp, and Viraj.

    Grand View Research has segmented the global stainless steel market on the basis of grade, product, application and region:

Key Factors Accentuating the Laboratory Filtration Market Growth from 2015 to 2024

The laboratory filtration market is expected to reach USD 3.6 billion by 2024, according to a new report by Grand View Research, Inc. The increasing number of target diseases such as water-borne diseases, immunodeficiency diseases, and cancer is anticipated to boost the market growth. The increasing use of filtration technologies such as microfiltration, nanofiltration, and ultrafiltration in water purification plants is expected to enhance growth in this sector.

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Technological advancements in filtration products have resulted in an increase in the adoption rate of these products in clinical laboratories for research purposes. The products introduced provide benefits such high reliability, competency, and high throughput over the conventional methods. For instance, Merck Millipores millex syringe filters filter small-volume filtrates and these filters are ideally used for antibiotics and tissue culture additives.

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Further Key Findings From the Study Suggest:

  • The filtration media segment dominated this market in 2015, with a revenue share of over 40%.The large share is attributed to its cost-effective nature, higher efficiency, and reliability for industrial bioprocessing.
  • Microfiltration assemblies dominated the assembly segment in 2015. Some of the benefits associated with microfilters such as easier availability, portability, and easier disposal make them the highly preferred technology.
  • The microfiltration technology segment held the largest share in 2015, owing to the increasing application of microfiltration in industrial biotechnology and associated research.
  • North America dominated the overall market with a revenue share of over 42% in 2015, owing to the presence of well-equipped laboratories for life science research, increasing investments in R&D, and the presence of government funding programs for laboratory filter membrane business owners.
  • Asia Pacific is anticipated to be the fastest growing region with a CAGR of over 8.3%in the forecast period.Factors such as economic development, untapped market opportunities, new emerging market, and advancing healthcare system with the aid of supportive government initiatives are anticipated to assist in growth.The presence of major market players enhances the penetration of laboratory filtration product in the market. Some of the key players are Merck Millipore, Sigma-Aldrich, GE Healthcare, Thermo Fisher Scientific, Sartorius Group, 3M Company, Cantel Medical Corporation, Macherey-Nagel Gmbh& Co. Kg.
  • The key players are entering into collaborations such as mergers and acquisitions with other key players to increase their market share. For instance, in November 2015, Merck Millipore acquired Sigma-Aldrich to enhance its life science segment, and this business segment based in the U.S. is named as MilliporeSigma.

    Grand View Research has segmented the laboratory filtration market on the basis of product, technology, and region:

Flexitanks Market Trends and growth Prospects 2014-2024

The global flexitanks market is expected to reach USD 1.49 billion by 2024, according to a new report by Grand View Research, Inc. Increasing commodity export, particularly in Asia Pacific, is expected to foster flexitanks demand over the forecast period. Cost-effective and efficient nature of flexitanks has increased product popularity among the end-users. Flexitanks can carry more amount of liquid in a standard container than the ISO tanks or drums used for bulk transport traditionally.

flexitanks-market

Single trip was the leading product segment and accounted for over 90% of total market volume in 2015. Single trip flexitanks are very much cost-effective compared to multi-trip flexitanks, as they eliminate cleaning and repositioning costs incurred. Green logistic practices incorporated by most of the flexitank manufacturers and logistics providers ensure proper disposal of used flexitanks without causing any environmental ill-effect.

Virtually, flexitanks can be utilized for any liquid and semi-solid food material. This has helped higher flexitank penetration in the foodstuffs application segment. Higher operational benefits and cost-effectiveness have made flexitanks an attractive alternative.

China and South East Asian countries have become the prominent manufacturing hubs for key manufacturers in the world. Huge foodstuffs & chemicals’ export from Asia Pacific & North America is expected to push flexitanks demand to greater heights over the forecast period.

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Further key findings from the report suggest:

  • Global flexitanks market demand was 984,000 units in 2015 and is expected to reach 4,928,106 units by 2024, growing at a CAGR of 18.6% from 2016 to 2024
  • Foodstuffs were the leading application segment and accounted for over 30% of total market volume in 2015. Easy availability of FDA approved flexitanks in all regions has been a major factor for its increased penetration.
  • Chemical is expected to be the fastest growing application segment at an estimated CAGR of 19.0% from 2016 to 2024. The growth can be attributed to increasing popularity of flexitanks along with the fact that all non-toxic liquid chemicals can be transported using flexitanks.
  • Asia Pacific emerged as the leading regional market and accounted for over 60% of the total volume in 2015. Increasing commodity trade along with higher market penetration is expected to spur the regional market growth over the next seven years. The region is also expected to witness the fastest growth over the forecast period.
  • Key market participants operating in the global flexitanks market include Environmental Packaging Technologies Inc., Qingdao LAF Packaging Co. Ltd., Trans Ocean Bulk Logistics Ltd, and SIA Flexitanks Ltd.

Adoption of Next-Generation sequencing (NGS) technology is spurring the growth of the global Single Cell analytical Market

The global Single Cell analysis market is expected to reach USD 5.0 billion by 2024, according to a new report published by Grand View Research, Inc. The rising adoption of Single Cell analysis tools owing to the improving healthcare scenario is fueling the growth of the market.

The continuous efforts in the R&D sector of the healthcare industry are resulting in the wide applicability of the Single Cell analysis technologies in the different disease areas, as a widespread diagnostic tool to address the complex heterogeneity observed in cells. Introduction of stem cell therapies and non-invasive techniques for prenatal analysis are some of the examples of the applications of the Single Cell analysis techniques. On the contrary, the high-cost and long shelf-life of the instruments is challenging the growth of the market.

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In addition, the increasing pool of individuals suffering from target diseases, such as cancer, and neurological disorders, rising per capita income, and the government initiatives to encourage the R&D in healthcare sectors are augmenting the demand for Single Cell analysis in the developing countries. The extensive demand for non-invasive techniques for prenatal diagnosis to prevent the immunological and genetic disorders in fetuses is fueling the demand for Single Cell tests in the market. The penetration of advanced therapeutic tools for the treatment of chronic diseases, such as cancer related to the malfunctions of the Single Cells is proving to be a boon for the global market. Moreover, the adoption of stem cell therapy for treatments related to bone marrow transplants, hair regeneration, and other health-related issues is widening the scope of the Single Cell analytical technologies globally.

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Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA). North America accounted for the largest market share and was followed by Europe in 2015.Well-developed healthcare and R&D infrastructure and the availability of skilled labor are pushing the adoption of Single Cell analysis in these regions.

AsiaPacificis expected to show the fastest growth rate during the forecast period. Factors, such as the booming medical tourism, availability of advanced healthcare treatments, and the availability of skilled healthcare professionals at a lower cost are some of the factors anticipated to accelerate the adoption of Single Cell analysis in the Asia Pacific region. Moreover, the increasing government expenditure for clinical research activities and the improvement of healthcare infrastructure are boosting the growth of the market. As a result, the Asia Pacific market is anticipated to capture around 21% of the global share during the forecast period.

Players are implementing strategies, such as partnerships, collaborations, and mergers to expand their market share. The collaborative agreement between Illumina, Inc. and Bio-Rad Laboratories, Inc. is one such example of the strategic endeavors undertaken by the market players.

Further key findings from the study suggest:

  • The consumables segment accounted for the largest market share and is expected to maintain its dominance owing to the repeat purchase of reagents, assay kits, beads, and microplates.
  • The instruments market segment is expected to show significant growth during the forecast period.
  • The applications segment of the market is further divided into cancer, neurology, immunology, prenatal diagnosis, and in-vitro fertilization. Increasing prevalence of the target diseases is propelling the growth of the market.
  • North America captured the largest market share of around 38% in 2015 and is estimated to maintain its dominance throughout the forecast period. Speedy adoption of analytical techniques and the rising R&D efforts in the field of diagnostics are the major factors contributing to the largest market share of North America in the global market. The AsiaPacific region is expected to show significant growth from 2016 to 2024 due mainly to the flourishing clinical research sector, medical tourism, and the high government healthcare expenditure in the region.
  • The major market players in this market include but are not limited to Thermo Fisher Scientific, Inc., Illumina, Inc., Qiagen N.V., Bio-Rad Laboratories, Inc., Merck Millipore GmbH, Beckman Coulter, Inc. (U.S.),Becton, Dickinson and Company (U.S.)

Grand View Research has segmented the Single Cell analysis market on the basis of product, application and region:

Chemical Tanker Shipping Market Outlook Up To 2020

Global Chemical Tanker Shipping Market is expected to reach USD 2.23 trillion by 2020, according to a new study by Grand View Research, Inc. Growth of global GDP on account of rapid industrialization in Asia Pacific and Latin America is expected to drive global chemical tanker shipping market. Shale gas boom particularly in the U.S., Canada and China is also expected to have a positive influence on the market growth.chemical-tanker-shipping-market

Rapid development of shale gas is expected to raise production level of organic chemicals which in turn is expected to fuel global chemical tanker shipping market. Large number of upcoming refinery and petrochemical integration projects particularly in the Middle East is expected to drive the future market.

Organic chemicals were the largest product segment shipped and accounted for 49.6% of total market volume in 2013. Increasing shale gas production in North America and China is expected to drive global organic chemical shipping market. Organic chemicals are also expected to witness the fastest growth of 4.6% from 2014 to 2020.

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Further key findings from the study suggest:

  • Global chemical tanker shipments were 200.10 million tons in 2013 and are expected to reach 268.42 million tons by 2020, growing at a CAGR of 4.3% from 2014 to 2020.
  • Deep sea tankers accounted for 52% of total chemicals shipped in 2013 in terms of tanker size. It is also expected to witness the highest growth rate of 4.4% from 2014 to 2020. Relatively lower fleet costs coupled with capacity to carry large amount of chemicals is expected to fuel its market over the forecast period.
  • IMO II emerged as the largest type of cargo used for chemical shipments and accounted for 50.4% of total market volume in 2013. Growing vegetable and animal oil/fats production particularly in Asia Pacific is expected to remain a key driving factor for this segment. IMO III is expected to witness the highest growth rate of 4.5% from 2014 to 2020.
  • Asia Pacific was the largest regional market and accounted for 38.1% of total market volume in 2013. Expansion of refinery & petrochemical capacity in China and India coupled with increasing production of vegetable oils in South East Asia is expected to drive the regional market over the next six years.
  • North America is expected to witness the highest growth rate of 4.7% from 2014 to 2020. Shale gas boom in the U.S. and Canada is expected to develop the regional market over the forecast period.
  • Global chemical tanker shipping market is highly fragmented with a mix of both multinational corporations and regional companies. Some key companies operating in the global chemical tanker shipping market include Odfjell, Stolt Parcel Tankers, Navig8 Chemicals, United Product Tankers, Iino Kaiun Kaisha, Tokyo Marine, Nordic Tankers, National Chemical Carriers, Stena Bulk and Eitzen Chemical.

For the purpose of this study, Grand View Research has segmented the chemical tanker shipping market on the basis of product, cargo size, cargo type and region: