Alzheimer’s Therapeutics Market – Primary Factors Driving the Market Growth includes rising government initiatives

The global alzheimer’s therapeutics market is expected to reach USD 6.4 billion in 2024, according to a new report by Grand View Research. Some primary factors driving the market growth includes rising government initiatives in order to raise awareness levels among people.

Growing knowledge about the Alzheimer’s disease (AD) and its high prevalence and incidence in developing economies are few of the major drivers supporting the market growth. Several governments, nonprofit, and private organizations worldwide are actively engaged in increasing people’s awareness regarding progressive AD, such as Alzheimer’s Association, the Alzheimer’s Society of Canada, Alzheimer’s Europe organization, and various other small organizations.

Furthermore, the increased government funding for providing better care and support to the people with partial dementia is another important factor anticipated to enlarge market growth. For instance, organizations like Florida Department of Health, the National Institute of Health, and Alzheimer’s Association in partnership with other private and government organizations provide funds to the research centers.

The presence of various pipeline drugs is anticipated to provide the market with potential growth opportunities. For instance, LMTX by TauRx Pharmaceutical Ltd.; idalopirdine (Lu AE58054) by Lundbeck; crenezumab by AC Immune SA; and BAN2401 by Eisai

Moreover, novel therapeutics with minimal dosage requirement has been introduced resulting in cost-effective alternatives, which is further expected to boost the market growth. For instance, Namzaric by Actavis was developed in two forms: 10 mg and 28 mg. 10 mg requires to be administered twice a day, while 28 mg requires to be administered once in a day.

Browse Full Overview of Report:

Further Key Findings from the Study Suggest:

  • The cholinesterase inhibitors segment was dominant in 2013 but lost hold on the market till 2015. Patent expiry of key drugs such as Aricept, Exelon, and Razadyne was the major factor for decline in market share.
  • Exelon transdermal patch is estimated to lose exclusivity in 2019. It is a highly prescribed drug for the treatment of mild to moderate AD, which contributed toward its revenue generation in 2015.
  • N-methyl-D-aspartate receptor antagonist, on the other hand, is expected to witness a significant growth of around 16.0% over the forecast period owing to introduction of extended relase formulation of Namenda.
  • Other drug therapies such as monocloclonal antibodies and drugs targeting Tau proteins are in being studied in latter phases of the clinical trials. Presence of a strong of pipeline drugs for target disease are attributing toward fastest growth of these drugs
  • North America dominated the overall market in terms of revenue with share of over 33.0% in 2015, which is majorly facilitated by the availability of sophisticated healthcare facilities and infrastructure.
  • Some key players operating in this industry are Pfizer, Inc.; Merck & Co. Inc.; Novartis AG; Eisai Co. Ltd., H. Lundbeck A/S, AC Immune; TauRx Pharmaceuticals Ltd.; Actavis plc.; Forest Laboratories; and Teva Pharmaceuticals Industries Ltd.
  • Market players are expanding their product portfolio by developing and launching generic versions of drugs to sustain its market position. For instance, in 2015, Dr. Reddy’s Laboratories Ltd. and Mylan launched the generic version of Namenda (Forest laboratories – Actavis).

View All Reports of Same Category by Grand View Research:

Grand View Research has segmented the Alzheimer’s therapeutics market on the basis of drug class and region:

High Demand for High Quality In-Home Entertainment is Driving 4K Set-top Box (STB) Market

The global 4K Set-top Box (STB) market size is projected to reach USD 7.18 billion by 2024, as per a new report by Grand View Research, Inc. The growing inclination of the global public towards ultra-high definition video viewing can be attributed as a major reason for the 4K STB market growth.
The demand for media-rich home entertainment services among consumers is increasing and is anticipated to fuel market growth. The growth is further fostered by favorable government initiatives, large-scale digitization programs, and mandatory installation of set top boxes. Improved standard of living owing to increased purchasing power is positively impacting the industry growth.The initiatives undertaken by the Federal Communications Commission for supporting third party STB manufacturers is paving the way for the expansion of the Ultra High-Definition (UHD) STB industry. The market is anticipated to gain traction in Asia Pacific owing to the strong presence of low-cost set top box manufacturers, especially in countries such as Korea, Taiwan, and China.

The increasing penetration of 3D and 4K TVs and escalating demand for large screen displays are fueling the demand for Ultra High-Definition (UHD) STBs. Smart features such as STB operability through voice commands given by Remote Control Unit (RCU) is garnering high potential. The computational capabilities of STBs in combination with the advent of quality standards to satiate growing customer expectations have culminated in the STB market growth.

To Request a Sample Copy OR View Summary of Report:

Further key findings from the report suggest:

  • Internet Protocol Television (IPTV) 4K STBs accounted for over 20% of the market share in 2015 and are expected to witness considerable growth over the forecast period. Increasing broadband penetration can be attributed as the major reason for the rise in the market share of IPTV 4K Set-top Box devices. The IPTV set top box product segment is projected to gain traction owing to benefits such as integration of TV, PC, home phone, and wireless devices offering a high quality of viewing experience to the end-users.
  • The Asia Pacific 4K STB market was valued at over just over USD 50 million in 2015 and is projected to witness high growth over the next eight years. India is poised to emerge as a lucrative market for UHD STBs with the country expected to witness a CAGR substantially higher than the regional average. Several DTH operators such as Tata Sky, Videocon, and Airtel have launched UHD STBs and are attempting to achieve a higher rural penetration with affordable regional packages.
  • Key industry participants include ZTE Corporation, SAGEMCOM, Arion Technology, Roku Inc., and Infomir LLC. Manufacturers are emphasizing on UHD STBs incorporated with interactive 4K content to gain a competitive edge in the industry.
  • Technology giants such as Apple Inc. have managed to make their mark in this competitive industry. The Apple TV device aids the streaming of (Over-The-Top) OTT content and other videos over the internet. The launch of advanced OTT devices such as Google Inc.’s Chromecast media streaming device and Amazon’s Fire TV STBs have opened up new avenues in the industry.

View All Reports of Same Category by Grand View Research:
Grand View Research has segmented the global 4K Set-top Box (STB) market on the basis of product and region:

Future is Potential for 3D Cell Culture Market Due to Advance Technology

The global 3D cell culture market is anticipated to reach USD 1.69 billion by 2024, according to a new report by Grand View Research, Inc. Potential of this technology to replace and reduce the usage of animal models for histological analysis and biochemical assays is expected to fuel demand for 3D cell culture products thus driving growth in the coming years.
Advent of technology with respect to spheroid formation and matured assay methods, is expected to boost the emergence of 3D optimized assays, kits, and protocols, in turn, expediting the entire research process. In addition, the scope of three-dimensional (3D) cell culturing experiments for evaluation of drug moiety is anticipated to grow owing to advantages associated with its usage. These advantages include increased cell to extra cellular matrix (ECM) as well as intercellular interactions, variation in the proliferation zones, ease for analyzing impact of site-specific stromal tissue components in the tumor microenvironment.

Research initiatives carried out to develop multidimensional cultures that offer compatibility with automated lab equipment and suitability for HTS feature in order to facilitate high content screening assay, signaling, and migration are expected to fuel the growth of this vertical through to 2024.

Browse Full Overview of Report:

Further key findings from the report suggest:

  • Scaffold-based technique accounted for the revenue share of over 40% because of the potential these possess for the recreation of structural and physical environment of a living tissue. Availability of choice for the material and structure of the scaffold for different in vitro applications is supportive for the estimated revenue share of this segment. Hydrogel or ECM and solid scaffolds are estimated to capture a comparatively sizable share of the revenue, attributed to the presence of different products in this segment.
  • Spheroid development techniques are estimated to contribute significantly in increasing the revenue share of scaffold-free technology. These enable multicellular arrangement, thus making them an influential tool for a range of applications, particularly in cancer and stem cell research.Oncology is estimated to account for the dominant share in 2015 owing to the presence of higher incidence rate of cancers coupled with phenotypic heterogeneity achieved using 3D culturing. Stem cell research is anticipated to witness lucrative growth in the coming years as a consequence of the upcoming projects in this segment for development of effective therapies.
  • Key end users for this technology are pharma & biotech entities, research laboratories and institutes. Pharma & biotech entities accounted for the largest share of the revenue in 2015 owing to the high usage of technology in different steps of drug discovery which include target validation, lead optimization, penetration studies, and safety assessment or toxicity screening.
  • North America dominated the next generation sequencing data analysis market with a share of over 40% as a result of the presence of several organizations operating in this region. Moreover, the significant number of R&D projects carried out in institutes is resulting in the high demand, affecting the revenue growth significantly.
  • However, Asia Pacific is expected to witness substantially high growth through to 2024, which is attributable to the rise in number of research grants for drug development and tissue engineering projects in the developing economies of this region. Furthermore, positive R&D outcomes encouraging the incorporation of three dimensional cultures in regenerative medicine is expected to impact this sector with potential opportunities for growth.
  • The market is fragmented in nature and includes established as well as emerging players These entities include 3D Biomatrix, Corning Inc, Nano3D Biosciences, Merck, Becton Dickinson and Company, Thermo Fisher Scientific, InSphero AG, Lonza Group, Tecan, 3D Biotek LLC, VWR International, LLC, and Global Cell Solutions, Inc.
  • These companies are involved in collaborations and co-marketing agreements for enhancement of product portfolio as well as global presence. For instance, Tecan and CellSpring entered into collaboration for automation of the 3D Bloom platform on a Freedom EVO workstation.

View All Reports of Same Category by Grand View Research:

Grand View Research has segmented 3D cell culture market on the basis of technology, application, end use and region:

Oleoresin Market demand is expected to reach 22.3 Kilo Tons by 2024 and growing at a CAGR of 4.6% from 2016 to 2024

The global oleoresin market is expected to reach USD 695.1 million by 2024, according to a new report by Grand View Research, Inc. Growing interest among consumers toward ethnic food varieties has positively affected the flavoring application segment, which in turn is expected to assist the market demand.

Oleoresins are flavor extracts obtained from solvent extraction process of ground spices. They help in imparting a pungent aroma of the ground spices. Shifting consumer preferences towards quality product item has resulted in these products growth owing to its anti-microbial and easy storage properties compared to ground spices.

However, the rise in raw material prices due to highly priced pesticide usage and reduction in arable land is expected to critically impact the market growth over the next eight years. Prolonged exposure to capsicum oleoresins may also cause eye irritation, diarrhea and vomiting. Nevertheless, there have not been any long-term side effects associated with oleoresin usage as they are significantly used in pharmaceutical and culinary household applications.

In recent past, fragrance designers are benefitting from these products owing to its applications in perfumery and therapeutic applications. Turmeric oleoresins which have curcumin content in it is widely used for skin cream formulation.

To Request a Sample Copy OR View Summary of Report:

Further key findings from the report suggest:

  • The global oleoresin market demand exceeded 15.0 kilo tons in 2015 and is expected to reach 22.3 kilo tons by 2024, growing at a CAGR of 4.6% from 2016 to 2024
  • Turmeric oleoresin is presumed to be the fastest growing product segment growing at a CAGR of 5.8% over the forecast period. It is reported that these products contain both coloring & flavoring matter, which makes it useful as a flavoring agent in various food applications. They are also preferred in skin care pharmaceuticals.
  • Oleoresins used in pharmaceuticals are presumed to grow at a CAGR of 5.0% over the next eight years. Increasing concern for gastrointestinal diseases among individuals is expected to aid the market demand due its anti-inflammatory and anti-oxidant properties.
  • Europe accounted for over 30% of the total demand in 2015 and is expected to follow the same trend over the next few years. Shifting consumer preference towards ethnic food is expected to be an important reason for the regional growth.
  • The industry is consolidated in nature with top four companies holding the majority share of the overall industry revenue. Key manufacturers are integrated backward in the value chain process which makes them independent raw material producers and reduces logistics cost.
  • Key companies in the industry include Synthite, Plant Lipids, TMV Group, Ozone Naturals, Asian Oleoresin Company, Indo World and Ambe Group.

View All Reports of Same Category by Grand View Research:

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

Nonwoven Filter Media Market Analysis By Technology & Application – And Segment Forecasts To 2024

The global nonwoven filter market is expected to reach USD 8.32 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for filtration in industries such as healthcare, transportation, food & beverages, and various others is expected to benefit the global nonwoven filter media market.Global agencies such as UN have issued directives and prescriptions to keep air & water pollution in check. HVAC, manufacturing, food processing, and hydrocarbon processing applications have found nonwoven filter media effective.
Various regulations regarding water & air pollution are expected to have a favorable impact on the global industry growth. Moreover, there have been lots of technological advancements across the globe to develop new and innovative filter media over the past few years.

Healthcare segment is presumed to be the fastest growing application over the next eight years. Nonwoven filter media is used as disposable medical products and helps protection against infections especially from hospitals. These media are also used in face masks to lessen the hazardous impact of pollution across the globe.

Gaining popularity of membrane filtration may have a negative impact on the overall market growth. However, nonwoven filter media has a certain advantage over other media fibers such as light weight, easy to handle, can be tailor made, highly efficient and high temperature resistance. These characteristics give the product an advantage over other filter media.

To Request a Sample Copy OR View Summary of Report:

Further key findings from the report suggest:

  • Spunbond is the most preferred filter technology, and the segment accounted for over 35% of the total technology market in 2015.
  • Spunbond technology is used across automotive, healthcare & personal care, and packaging industry.
  • Meltblown nonwoven technology is expected to grow at a significant rate over the next eight years. Cost effectiveness is the attributed primary reason for this technology’s widespread usage.
  • Asia Pacific emerged as the leading regional market and held over 30% of the global demand in 2015. The surge in demand for nonwoven filter media in major end-use industries such as transportation, filtration, and healthcare to create ample opportunities in the region.
  • Industrialization across regions such as South East Asia, India, and China is further anticipated to fuel the market development.
  • Focus of major industry participants on innovation and research & development has intensified the industry competition.
  • The market shows different dynamics regarding market strategies, M&As, and product diversification. The market is oligopolistic in nature and is dominated by few key players such as Ahlstrom, TransWeb, LLC, Delstar Technologies, Inc. and DuPont Inc.
  • Major companies have established manufacturing units in different countries for efficient raw material sourcing and catering to global demand
  • Efforts taken by companies to achieve product differentiation is contributing to increased industry rivalry
  • Other companies involved in the industry include 3M, Dupont Inc, Cummins Filtration, Honeywell Process Solutions, Pegas Nonwovens S.r.o., Kimberly-Clark Corporation.

View All Reports of Same Category by Grand View Research:

Grand View Research has segmented the global nonwoven filter media market on the basis of technology, application and region.

Demand for Neuromorphic Computing Market is expected to grow pretty & Gain importance in Next Generation Technologies

The Neuromorphic Computing Market size is expected to reach USD 6,480.1 million by 2024 according to a new study by Grand View Research, Inc. The global neuromorphic computing market is expected to gain traction, owing to the rising demand for artificial intelligence. The prominent industry vendors are focusing on the development of neural processing units that can be incorporated into the processor chip for the reverse-engineering of the human brain.
The rising demand for cognitive and brain robots is projected to impel growth in the industry. Neuromorphic chips facilitate users with several benefits such as high-performance speed, cognitive computing, optimum usage of memory, and low power consumption. The escalated demand in diverse industrial verticals, including consumer electronics, automotive, and robotics is instrumental in keeping the industry prospects upbeat.

The rise in the demand for aerial surveillance and satellite imagery is impelling growth in the industry. The growth in the audio and signal processing application segments is further presumed to positively impact the industry.

The growing demand in end-use segments, such as the automotive and military & defense sectors, is creating new avenues for industry expansion. However, the vendors need to make substantial investments in the research and development activities of neuroscience and computing before foraying into the industry. Replicating the neural patterns on chips requires the use of complex algorithms, which makes the design process more intricate.

To Request a Sample Copy OR View Summary of Report:
Further key findings from the study suggest:

  • The consumer electronics end-use segment dominated the global neuromorphic computing industry, accounting for over 62% of the market share in 2016. The emerging trend of using brain computers and smart consumer wearable devices is favorably impacting the industry growth.
  • The North American regional market accounted for 34% of the global revenue share in 2016. The strong presence of neuromorphic chip vendors in this region is expected to contribute to the industry growth in the region.
  • The signal processing application segment accounted for 30% of the global revenue share in 2016. The increasing demand for processing acoustic and audio signals is strengthening the demand for this segment.
  • The key industry participants include Brain Corporation (U.S.), CEA Leti (France), General Vision, Inc. (U.S.), Hewlett Packard (U.S.), HRL Laboratories LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Knowm Inc. (U.S.), Numenta, Inc. (U.S.), Qualcomm Inc. (U.S.), and Vicarious FPC, Inc. (U.S.). Industry vendors are emphasizing on product development for new applications and forming technology alliances to gain a competitive edge in the industry.

View All Reports of Same Category by Grand View Research:

Grand View Research has segmented the global neuromorphic computing market on the basis of application, end-use, and region:

Micro Irrigation Systems Market is estimated Grow at a CAGR Of 17.6% from 2015 To 2022

The global micro irrigation systems market size was valued at USD 2.48 billion in 2014. The market is anticipated to witness substantial growth by 2022 owing to increasing demand for food across the globe. They including sprinklers, mist, drips, and sprays irrigate plant roots using low discharge emitters and complex pipe network.

The ability to modify the discharge pattern by these systems according to the requirement of various agronomic and horticulture plants drive the micro irrigation market growth. The market is expected to reach USD 9.10 billion by 2022, on account of increasing demand for food in tandem with rising population.

To Request a Sample Copy OR View Summary of Report:

Urbanization and industrialization had led to the expansion of cities and a decrease in arable land for cultivation of crops. In addition, increasing trend of population migration from villages and towns to cities has resulted in reducing the workforce in agriculture industry. These factors together have contributed to increasing popularity of micro irrigation as they not only improve efficiency but also reduce labor.
Sprinklers dominated the global market accounting for over 30% of the revenue share in 2014. Flexibility and ease of use of the product is expected to result in its high demand over the forecast period. Moreover, sprinklers also offer more coverage in small quantities of water. Thus, the market is expected to grow at a CAGR of 17.1% from 2015 to 2022.
Demand for micro irrigation systems was highest for orchards, accounting for over 30% of the global market. They water only the treeline of the orchard, thus, promoting healthy growth.
Plantation & field crops are likely to witness significant gains over the forecast period owing to rising awareness among farmers regarding the benefits of these equipment.Field crops are expected to grow at a CAGR of 18.2% from 2015 to 2022.

View All Reports of Same Category by Grand View Research:

North America accounted for approximately 30% of the overall revenue in 2014, followed by Asia Pacific. Rising awareness among farmers regarding the benefits of using these systems has resulted in growth of the market over the past few years, and the trend is expected to continue over the forecast period.

Increasing adoption of these equipment to conserve water as well as reduce labor in agriculture-eccentric economies of Asia Pacific is expected to augment growth over the forecast period. The market is expected to witness a growth of 19.8% by 2022.Moreover, growing population and rising standard of living are expected to augment the market in the region over the forecast period.

Reduced arable land owing to industrialization, deforestation, soil erosion, and urbanization along with scarcity of water are the major drivers of the micro irrigation systems industry. Installing them minimizes soil erosion, increases crop yield with high quality, and low weed growth. Drought related issues can also be solved by these equipment under the guidance of considerable government policies and regulatory frameworks.

Prominent industry players include Jain Irrigation Systems Ltd., Valmont Industries, Rain Bird Corporation, Nelson Irrigation, EPC Industries Ltd., The Toro Company, Rivulis Irrigation, Lindsay Corporation, Netafim Ltd., and T-L Irrigation. The market is dominated by a key players including Jain Irrigation Systems, The Toro Company and Rain Bird Corporation, together accounting for over 50% of the market share in 2014.

Browse Press Release of this Report: