Rise in Expenditure on Animal Healthcare Allows Promising Rise in Demand for Veterinary Drugs Globally

The global market for veterinary drugs has grown leaps and bound over the last decade due to increasing awareness about animal health care. Growing importance of both livestock and companion animals in the lives of humans is an underpinning factor for the growth of the market and continues to compel owners to adhere to proper therapeutic methods to ensure health and wellness of their animals. Rising prevalence of zoonotic diseases is another important factor fuelling the veterinary drugs market, leading to a vast rise in the number of companies operating in this area owing to the rising demand and a vast surge in government, especially in emerging economies, with the aim of providing subsidized products to livestock farmers in rural areas.

Some of the other key factors driving the global veterinary drugs market are:

    • Increase in ownership of companion animals globally
    • Evolution of new products combating emergence of new diseases in animals
    • Increasing affordability and expenditure on animal health 
    • Greater emphasis on prevention and wellness by veterinarians and owners

According to a recent market research report by Transparency Market Research, the global veterinary drugs market will register a healthy 5.1% CAGR from 2016 and 2024, rising from a valuation of US$17.2 bn in 2015 to a revenue opportunity of US$26.7 bn by 2024. 

Demand for Anti-inflammatory Drugs Radically Increases

Anti-infectives and parasiticides accounted for largest share of the drugs segment and are estimated to dominate the market during the forecast period due to high demand for preventive measures against various infectious ailments as well as endoparasites and ectoparasites. Demand for anti-inflammatory drugs is also expected to rise during the forecast period as the need for adopting effective pain management measures and the use of NSAIDs in animals has increased radically in current times, with use of NSAIDs for a variety of ailments in companion animals being a routine measure of healthcare. The other drugs segment including specialty pharmaceuticals used to treat cardiovascular, metabolic, and respiratory conditions is poised to offer lucrative opportunities in the near future.

North America and Europe Remain Leading Regional Markets

Increasing pet population and new product introduction by global players for the betterment of animals are key factors attributed to the dominance of North America in the global veterinary drugs market. The U.S. held a significant share of the market in North America as well as globally. In addition, rise in insurance of pet animals plays a vital role in increasing expenditure on companion animals in the region. 

The market is also well-developed in Europe; Europe accounted for the second largest share of the global veterinary therapeutics market in 2015 due to well-established veterinary health care network in the region. Despite the ongoing debate about restrictions on the use of antibiotics, the market size is likely to expand during the forecast period. However, regions such as Latin America and Asia Pacific exhibit potential for high market growth. The market in South Africa is growing at a steady rate due to increasing number of pet animals. Saudi Arabia and the UAE are growing due to increase in poultry production. Rising demand for high quality proteins is driving demand from the livestock animals segment.

Progress in Genetics to Propel CRISPR and Cas Genes Market

The CRISPR/Cas framework is a prokaryotic framework that gives protection from remote hereditary components, for example, those present inside plasmids and phages, and gives a type of obtained invulnerability. CRISPR related proteins (Cas) utilize the CRISPR spacers to perceive and cut these exogenous hereditary components in a way practically equivalent to RNA impedance in eukaryotic living beings. CRISPRs are found in around 40% of sequenced bacterial genomes and 90% of sequenced archaea. 

Soaring Demand from End-Use Applications to Boost Growth 

In 2016, Cas9 nuclease and gRNA possessed the biggest offer. Cas9 and gRNA can be conveyed into target cells utilizing the viral or non-viral framework. The CRISPR is utilized by different end-clients, for example, biotech firms, pharma organizations, scholastic establishments and innovative work establishments. The R&D records to immense offer while the biotech firms are growing steadily. The huge endeavors by biotechnical associations for the headway of genome altering and hereditary engineering has fuelled the advancement of CRISPR around the world. Top scholarly colleges over the globe for hereditary qualities and sub-atomic science have explored seriously on different themes identified with connected hereditary qualities, essential hereditary qualities and cell utility that will augment the demand for CRISPR innovation. 

Europe and North America to Emerge as Lucrative Regional Markets

North America and Europe held a key share of the global CRISPR and Cas genes market in 2017, and is expected to continue being regions. Growing research activities and technological advancements are expected to drive the CRISPR and Cas genes market in the regions over the forecast period. Recently, a human clinical trial was initiated for the use of CRISPR to treat diseases in the U.S. The rising adoption of technology and presence of established players in the region is expected to create a positive impact on the growth of the CRISPR and Cas genes market in Europe over the forecast period. 

Established vendors are seen adopting several strategies such as expanding their product offerings, strengthening geographical reach, increase customer base, and capture market share.

GenScript, Addgene, Merck KGaA (Sigma-Aldrich), Integrated DNA Technologies, Inc., Transposagen Biopharmaceuticals, Inc., OriGene Technologies, Inc., New England Biolabs, Dharmacon, Cellecta, Inc., Agilent Technologies, and Applied StemCell, Inc.

Dental 3D Printer Market to Grow Alongside Rising Awareness about Dental Treatments for Improving Oral Health

The global market for dental 3D printing is expected to emerge as a safe haven for investment over the forthcoming years. Dental treatments are not just performed to relieve patients of pain, discomfort, or oral infections, but are also meant to enhance the oral health and appearance of individuals. Dental 3D printing covers a wide area of operation within the dental fraternity, and hence, the global market for dental 3D printing is expected to keep growing over the forthcoming years. Modelling of crowns, dentures, braces, bridges, surgical guides, and implants based on 3D-technology comes under dental 3D printing. Since all of the aforementioned procedures form the backbone of the dental treatments, the demand within the global market for ED dental printing is projected to escalate in the years to come. Developments in the field of dental 3D printing help dentists and other practitioners in performing treatments with high level of precision and accuracy. Furthermore, the promotion of nascent forms of treatments for smile enhancement has also led to the growth of the global market for dental 3D printing. 

TMR predicts that the global market for dental 3D printing would grow at a CAGR of 17.50% over the period between 2017 and 2025. The total value of the global market was US$903.0 mn in 2016 and is expected to elevate to US$3,427.1 mn by 2025. 

    1. Dental Crowns and Bridges

The demand for dental crowns and bridges has been on a rise in recent times, majorly due to the heavy incidence of dental illnesses across the world. Dental problems or infections can be extremely painful, and hence, people are swift to resort to dental treatments. Hence, the demand for dental 3D printing across the world has been expanding at a robust rate in recent times. Furthermore, dental crowns and bridges are also used for smile enhancement treatments meant to add to the attractiveness of the face. Several people subscribe to regular dental treatments to maintain their oral health and improve the positioning of the jaw. Hence, the global market for 3D dental printing is expected to clock in unprecedented revenues over the forthcoming years.

    2. Growth of Asia Pacific Market

The growth of medical tourism has led to the inflow of dental technologies from the western regions to parts of Asia Pacific. Since there was a huge market gap within the dental treatment market in Asia Pacific, the inflow of new technologies in the regions has given an impetus to the regional market for 3D dental printing. 

    3. Market Players

Few of the market players operating in the global market for 3D dental printing are EnvisionTEC, Inc., DWS System, SLM Solutions, and Concept Laser GmbH 3D Systems, Inc. These market players are developing easy and nimble ways of producing dentures, crowns, braces, and other implants to improve their growth prospects. 

Medical Waste Management Market to Expand as Hospitals and Healthcare Centers pay More Attention to Hygiene and Waste Disposal

The global market for medical waste has been growing on account of the enforcement of safe, hygienic, and environment-friendly practices across hospitals, clinics, and healthcare centers. The amount of medical waste generated annually poses a negative toll on the environment and can cause fatalities on a global scale. Hence, there is a pressing need to ensure that medical waste is effectively managed and its negative consequences are reduced as much as possible. Medical waste can be of different types including hazardous, non-hazardous, pharmaceutical, surgical, and autopsy waste. Despite the dire consequences that these waste have on the environment and on the general health of the vicinity, they cannot be entirely eliminated. Hence, managing such wastes is the ultimate option for the healthcare industry, which gives an impetus to the growth of the global market for medical waste management. The World Health Organization (WHO) has defined several parameters for estimating average annual waste across regions and has even stipulated ways of effectively managing this waste. It is anticipated that the demand within the global market for medical waste management would escalate at a boisterous rate in the years to come. 

The global market for medical waste management is prognosticated to expand at a CAGR of 5.10% over the period between 2017 and 2025, finds TMR. Furthermore, the total revenues accumulated by the global market are expected to be worth USD 22.3 Bn in 2025. 

    1. Government Regulations

Although the government has given several perks to the healthcare industry in order to ensure its growth and development, the government authorities have been extremely strict with medical waste management policies and regulations. This has given a push to the growth of the global market for medical waste management and has created new areas of growth for market players. Furthermore, the outsourcing of medical waste management services by healthcare centers is also an important trend that has bolstered market demand. 

    2. Lack of Awareness Amongst Medical Staff

Despite the vitality of medical waste management for the healthcare industry, the awareness levels about ways of waste management are extremely low. This has become a hindrance for the growth of the global market for medical waste management. Furthermore, the deployment of a medical waste management system across healthcare centers requires heavy initial investment. The inability of hospitals and healthcare centers to afford such expensive systems has also been a loophole for the global market. 

    3. Market Players

The market players in the global market for medical waste management are tirelessly working towards developing economical and effective systems for waste disposal. This is expected to bring in greater revenues in the global market for medical waste management over the forthcoming years. Some of these key players are US Ecology, Inc., Daniels Health, BWS Incorporated, and BioMedical Waste Solutions, LLC.

Advances in Nanotechnology Drug Delivery Models to Create New Paradigms in Cancer Therapeutics

There has been a groundswell of interest in the application of nanotechnology for developing drug delivery systems, on account of unique properties nanoparticles have in vitro and in vivo. Particularly, they hold vast potential in developing innovative targeted drug delivery systems, especially for targeting tumors in cancer therapeutics. A sizeable number of nanotechnology-based therapeutic products approved by regulatory agencies world over is underpinning the vast potential of the market. The nanovehicles contains organic or inorganic nanomaterials and devices and encapsulate various biodegradable materials. 

Trends Underpinning Expansion of Nanotechnology Drug Delivery Systems 

    • Huge Market Potential 

The nanotechnology drug delivery market is witnessing constant developmental advances riding on the back of several potentially promising applications of nanomedicine. The market is expected to witness a vigorous growth with rapidly emerging opportunities in the application of nanotechnology in healthcare. According to an estimate by Transparency Market Research, the opportunities in the global market is projected are worth US$ 118,527.2 million by 2023 end, rising at an impressive CAGR of 12.5% during 2015–2023.

    • What makes Demand Lucrative?

The need for developing new and improved drug and gene delivery methods has made nanosystems a promising candidate for targeted as well as non-targeted delivery. Nanotechnology drug delivery mechanisms are gathering steam among biotechnology and pharmaceutical companies and worldwide researchers. The system has the potential to increase the therapeutic efficacy, enhance drug bioavailability, improve the solubility of hydrophobic drugs, and get over various side effects linked with conventional drug delivery. 

Which developments reinforce rapid advances in nanotechnology drug delivery market in the coming years? 

Relentless efforts by researchers to develop innovative drug delivery models based on nanotechnology are imparting growth momentum to the market. One area that has gained considerable pace is the use of nanosystems for targeted drug delivery in chronic diseases and cancer. Nanoparticles loaded with anti-cancer drugs have emerged to be potentially encouraging for the cancer treatment as they modify drug pharmacokinetics and ensure controlled release of medication for prolonged periods, and with less toxicity. The search for more effective treatments to various types of cancer will pave way for promising applications of nanotechnology in drug delivery. The application area is also witnessing new paradigms from rapid advances made in nanotechnology to develop next generation nanosystems and the rising number of clinical research. However, clinical translation of encouraging results about the potential of nanosystems was and continue to be the major challenge for researchers and market players. 

The lack of effectiveness of existing chemotherapy treatments on pediatric cancer patients have given rise to an unmet medical need. To this end, a team of researchers in Israel has invented a nanotechnology system for delivering anticancer drugs to children in a targeted fashion. The efficacy of the system was tested on the mouse model and was found to substantially prolong the life of mice. The three-year study was supported by the Technion – Israel Institute of Technology and funded by the European Commission.

Regions with Potential Developmental Prospects for Nanotechnology Drug Delivery Systems

On the regional front, the one that emerged to the fore is North America. The region is the most attractive for market players who seek better drug delivery systems for a host of chronic diseases, including diabetes. The substantial rise in research and development funds in the region is also sustaining the rapid expansion of the market. Several prominent pharmaceutical and biotech companies and medical device makers, including Johnson & Johnson and Novartis, are increasingly exploring revenue stream in Latin America. This regional market is expected to rise at the most lucrative pace over the assessment period. 

High Performance Anti-corrosion Coatings Market to Rise High With Growing Demand from Oil and Gas Sector

The high performance anti-corrosion coatings market has been growing at a healthy pace in the last few years. The rising number of applications and the rapid development of the oil and gas industry are projected to act as the key factors encouraging the growth of the market in the next few years. Developing economies, across the globe are expected to offer promising growth opportunities, thus attracting several new players to participate in the market in the coming few years.

According to the market study by Transparency Market Research, in 2017, the global market for high performance anti-corrosion coatings was worth US$13.64 bn and is projected to reach a value of US$18.22 bn by the end of 2023. The market is projected to register a healthy 5.0% CAGR between 2017 and 2023. 

Key Factors Encouraging Growth of High Performance Anti-corrosion Coatings Market 

The rising oil and gas exploration and drilling activities is considered as one of the key factors estimated to encourage the growth of the global high performance anti-corrosion coatings market in the coming few years.
The rapid development of the infrastructure and several other industries, especially in developing nations are estimated to enhance the growth of the market in the near future.
The rising contribution from Singapore, India, Vietnam, and China is projected to encourage the growth of the high performance anti-corrosion coatings market in the next few years.
On the flip side, the volatile nature of the petrochemical products that are used for the manufacturing the high performance anti-corrosion coatings is predicted to hamper the growth of the market in the next few years.
Nonetheless, the rising focus on technological advancements and research and development activities are projected to offer potential growth of the overall market in the coming few years.

Asia Pacific to Lead Global Market in Coming Few Years

Among the key segments, Asia Pacific is projected to account for a large share of the overall market and is likely to register a healthy growth rate in the next few years. The strong growth of this region can be attributed to the rising foreign investments and the rising number of applications. In addition to this, the presence of leading players and the rapid growth of the construction industry are predicted to generate potential growth opportunities for the market players in the next few years. As per the research study by Transparency Market Research, the Asia Pacific market is projected to register a healthy 5.0% CAGR between 2017 and 2023.

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The global market for high performance anti-corrosion coatings is competitive in nature with several number of players operating worldwide. The rising mergers and acquisitions and strategic collaborations is projected to generate potential growth opportunities for the market players in the coming few years. In addition to this, the enhancement of the distribution network and the rising focus on the expansion of the product portfolio are projected to support the growth of the overall market in the next few years. Some of the key players operating in the high performance anti-corrosion coatings across the globe are Akzo Nobel N.V., The 3M Company, Nippon Paint Co., Ltd., PPG Industries Inc., The Sherwin-Williams Company, Chugoku Marine Paints, Ltd., Jotun A/S, and Hempel A/S.

Rising Demand for Advanced Coatings from Numerous Industries to Drive Growth of Graphene Nanocoatings Market

Graphene-enhanced products are yet to reach widespread commercialization. Given graphene’s impressive array of properties and research and development (R&Ds) activities in the graphene-enhanced coatings are trying to develop novel products. The Sixth Element Materials, a Chinese company that focuses on R&D, mass production and sales of graphene and related materials, showcased its graphene-zinc anti-corrosion primer used for offshore wind power tower, that can come at a competitive price compared with zinc rich epoxy primer.

Graphene is a two-dimensional layer of carbon atoms. It is arranged in the form of a honeycomb lattice. Graphene has attracted significant attention in the coatings industry due to its unique electronic, optical, and mechanical properties. Graphene nanocoatings play an important role in the development of new and advanced protective coatings due to their chemical resistance, gas impermeability, adsorption capacity, anti-bacterial properties, mechanical strength, lubricity, and thermal stability. 

Graphene nanocoatings are hydrophobic, conductive, and chemically resistant; hence, the usage of these nanocoatings is expected to increase significantly in the near future. Hydrophobic graphene nanocoatings are used in ship hulls, glass surfaces, and textiles. Graphene nanocoatings can act as protective coatings with advanced properties. Besides these applications, graphene nanocoatings are used in more efficient and flexible solar cells, nanoelectronic devices, supercapacitors, high sensitivity gas sensors, molecular separators, and medical implants.

Here are some of the key factors influencing growth of the Graphene Nanocoatings Market: 

Rise in demand for anticorrosion coatings is fuelling the expansion of the global graphene nanocoatings market. Graphene nanocoatings provide alternative path for electrons to travel and retard the overall corrosion process. Graphene can be used as a component in various industrial additives. Increase in demand for additives in the paints & coatings industry is propelling the graphene nanocoatings market. Rise in demand for protective coatings in the marine sector is another key factor driving the graphene market. Demand for protective coatings in the aerospace industry is also on the rise. This is anticipated to boost the graphene nanocoatings market. 

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However, the limitation in scaling up and high costs are projected to restrain the market. Manufacturers have launched graphene based series of paints & coatings. These are strong and also act as protective layers against environmental damage. 

Demand for graphene nanocoatings in the automotive industry is also increasing due to the rise in demand for more durable structural components. Graphene nanocoatings can also be used for coating medical implants. Thus, increase in demand for advanced coatings in various sectors is augmenting the graphene nanocoatings market.

Key players operating in the global graphene nanocoatings include Graphenano, The British Electro Conductive Products, and Siansonic Technology Co., Ltd.

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