Steady Advancement of Active Pharmaceutical Ingredient Market Due to High Incidence of Chronic Diseases

Active pharmaceutical ingredients (APIs) are generally known as ‘bulk pharmaceuticals’. According to the findings of Transparency Market Research, the revenue from the active pharmaceutical ingredient market will rise to US$219.60 bn in 2023, which in 2015 was US$134.7 bn. A promising CAGR of 6.3% is expected between the years 2015 and 2023. According to type, the market can be classified into generic and innovative API. 

Teva Pharmaceutical Industries Ltd., Dr.Reddy’s Laboratories Limited, Zhejiang Medicine Co., Ltd., North China Pharmaceutical Group Corp. (NCPC), Zhejiang Hisun Pharmaceutical Co., Ltd., Sandoz (Novartis AG), Aurobindo Pharma Limited, Zhejiang NHU Co., Ltd, Northeast Pharmaceutical Group Co., Ltd., and Zhejiang Huahai Pharmaceuticals Co., Ltd. are a few of the major players in the market.

What are the key drivers and restraints in the active pharmaceutical ingredient market? 

The development of geriatrics, a branch of medicine dealing with health and care of the aged population, has contributed significantly to the thriving API market worldwide. Growing awareness about medications and access to healthcare facilities, together with technological advancements, has led to a greater demand for drugs. The API market has gained considerable impetus from these developments. 

Emerging economies have been witnessing a rising demand for drugs that use active pharmaceutical ingredients. The rising prevalence of neurological disorders, cardiovascular diseases, diabetes, and other metabolic disorders and diseases has made the manufacturing of the aforementioned drugs imperative. In 2015, these diseases held around 50% share in the worldwide market. A CAGR of 6.63% is projected between 2015 and 2023. The patent loss of several popular drugs between 2011 and 2015 has further opened up the doors for a flourishing API market.

The healthcare budget in developing countries has increased, contributing towards the expansion of the API market. Moreover, the conformity of some API-manufacturing Indian industries with U.S. FDA norms has further propelled the API market. The expansion of the biotechnology sector in Asia Pacific is expected to be a key driver in the market for APIs.

The key restraints in the API market include increasing competition, the implementation of stringent regulatory rules and high manufacturing costs.

Which are the geographical segments dominating the scene in the API market?

In 2014, North America claimed a share of 35.1% in the overall API market. The dominance of North America is on account of large pharmaceutical companies that present a greater demand for active pharmaceutical ingredients. It has been expected that the introduction of biosimilars in the market will further prove to be beneficial for the expansion of the API market in North America.

According to the findings of TMR, Asia Pacific will emerge as a leader in the API market. The API market in emerging economies such as India, Japan, South Korea, and China will gain impetus over the coming years.  

Experts within the industry find that Asia Pacific is the second-leading geographical segment in terms of revenue generated. Although presently India and China are leading the API market in Asia, countries such as Indonesia, Philippines, Vietnam, and Malaysia possess rapidly expanding API markets. 

General Medicine Education Publishing Market to Gain from Popularity of Online Education

The global general medicine education publishing market has been steadily advancing due to the expansion of several associated markets. The necessity of primary healthcare, the growing online education industry, and the popularity of eBooks are a few of the key drivers of the global general medicine education publishing market. The major restraints include decreasing enrolments of students into the medical stream owing to higher fees, the unavailability of modern technology in emerging countries, and macroeconomic policies associated with reimbursements.

Also known as “internal medicine”, general medicine deals with the diagnosis, prevention and treatment of diseases. Internists, physicians who practice general medicine, are capable of dealing with all kinds of problems that a patient brings- whether simple or complicated. Chronic illnesses and incidence of several diseases simultaneously attacking a patient are some of the situations internists excel at. Some of the internists are known as “hospitalists”, as they are concerned providing care to the patients. More number of students have been opting to study medicine, and this has proved to be beneficial to the general medicine education publishing market. 

The leading companies in this field are Wolters Kluwer, Springer Books, Reed Elsevier, McGraw-Hill, John Wiley & Sons Inc., and Kaplan. 

Q.  How has online education affected the general medicine education publishing market?

The growth of the online education market has led to the expansion of the general medicineeducation publishing market in recent times. By the end of 2015, the online education industry was pegged at US$100 bn in terms of revenue. This boom in the online education industry has directly affected the general medicine education publishing market since a number of organizations and institutes are using the Internet as a tool for providing distance learning to students.

The global general medicine education publishing market is expected to rise gradually to US$2.4 bn by 2018. Presently, North America leads the market and will continue to do so till 2018, when it is projected to hold 51.9% of the total market for global general medicine education publishing.

The expansion of custom content publishing market and the incidence of illnesses caused by lifestyle factors will also benefit the general medicine education publishing market over the coming years. 

Q. What are the key segments of the global medicine education publishing market?

In broad terms, the global general medicine education publishing market is divided on the basis of two parameters: one criteria is type of publishing and the other is region.  

On the basis of online and electronic publishing, the key segments are digital and electronic reference books and textbooks, hospital training, multimedia content, distance learning, online reference tools and mobile applications. In the print segment, custom content publishing, print reference books and textbooks, hospital training, distance learning, and testing and self-assessment are the major segments in the market. 

The custom content publishing segment is expected to dominate with a 57% share in the market by the end of 2018. While the custom content publishing segment leads the market, online reference tools such as WebMD and Micromedex are the second leading segment, followed by eBooks, printed reference books, and textbooks. Since the custom content publishing market is highly-priced, it will continue to lead the market in terms of revenue, experts opine.

According to geography, the market for general medicine education publishing is categorized into Asia, North America, Europe, and Rest of the World.

Governmental Push to Improve Efficiency Favoring Global Energy Saving and Performance Contracting Market

Energy savings and performance contracting (ESPC) refers to a neutral approach to reduce energy consumption and water use of a building, and thereby increase the overall operational efficiency. Facilities owners can now preserve their capital budgets by collaborating with energy service company (ESCO) and pay for the upgrades in installments while the energy saving continues. In some cases, the ESCO implement a renewable energy project to the facilities, which have higher return values, although heavy initial investment hesitates the consumers. In the recent past, several local and state governments have implemented ESPC projects in their facilities, and encourage these projects for its long term benefits. However, unless the project delivers energy savings as anticipated, the ESCO are not compensated. According to a recent report by Transparency Market Research (TMR), the global market for energy saving and performance contracting will expand at a healthy growth rate during the forecast period of 2016 to 2024.

What are the factors influencing the growth rate?

Owing to the growing energy requirement across the world, oil and gas industry is thriving, and the TMR report anticipates this factor to reflect on global energy saving and performance contracting market. During the forecast period, several governments are expected to loosen the restrictions on the electricity and gas industry players to fulfill the escalating energy demand. Increased investments by several private and public sector industries on eco-friendly systems is another factor favoring the market, although the lack of information pertaining to the energy efficiency possible from ESPC is expected to curtail the expansion over the course of the forecast period. The lack of commercially feasible project financing within the backing sector across several developing economies is also seen as a restraint over the market.

Which market segments are expected to gain momentum in near future?

The global energy saving and performance contracting market can be segmented on the basis of technology, and business contract model. By technology, the market is divided into combined heat and power (CHP), district heating (DH) refurbishment, and fuel switch, heating, ventilation, and air conditioning (HVAC), renewable energy sources (RES) utilization, lighting, and others including gas distribution, compressed air, reactive power, process unit, and combustion improvement. The report picks out combined heat and power segment as the most lucrative segment in the present global scenario.

By business contract models, the market is segmented into shared savings contracting model, guaranteed savings contracting model, and others. Since ESPC projects are dependent on various factors, guaranteed savings model sometimes result losses for the investors and hence, the segment of shared saving model is most in demand. In this, energy saving and performance contracting is designed, financed, implemented, and verified for over a fixed period to ensure the savings to the customer. In some cases, the energy service company may receive finances from a third party directly.

Longevity and Operational Efficiency of Consumer Electronics to Provide Thrust to Global Smart Coating Market

Smart coatings are the futuristic coating. The smart functional coatings market is expected to leap from a niche market due to the increasing demand of customers for improved products. Some functional smart coatings that are evolving are antimicrobial, wear-resistant, easy-to-clean, scratch, and anti-fouling coatings. Regardless of their new developmental status, smart coatings have a broad range of applications. 

Smart coatings have the capability to sense a change in the external environmental and respond to that change in a predictable and notable manner. Smart coatings integrate functionality with design to provide a system that offers multidimensional and multifunctional effects simultaneously.

Analysts at Transparency Market Research provide insights into the growth of the global smart coating market for the 2016-2024 period:

Q. What are the key factors propelling the growth of the smart coating market?

A. In recent years, the expeditiously rising consumer electronics industry is leading to an increased demand for smart coatings. For smartphones and other handheld electronics, self-cleaning coatings and self-healing coatings are of paramount importance. Extensive efforts for the research and development of smart coatings has led to the development of newer smart coating products.

The unique characteristics of smart coating is leading to its gaining popularity in military, aerospace, hospital, and automobiles industry. Multilayer coatings are considered as the easiest way to develop multifunctional coatings. Moreover, novel materials such as metamaterials are increasingly being used for the development of innovative smart coatings. These factors collectively are favoring the growth of the global smart coating market.

Q. What are the factors deterring the ascension of the smart coating market?

A. Smart coating market is a relatively new area in the global coating market space. High cost and environmental implications of smart coating are the foremost factors that are negatively impacting the growth of the smart coating market. Presently, the green quotient of materials is very important along with quality, consistency, and superiority. The cost factor of bio-based materials is advantageous to the bargaining power of leading suppliers and is restricting the entry of new players in the smart coating market.

Q. How are the regional markets for smart coating expected to fare in the coming years?

A. The North America smart coatings market is expected to ride on technological advancements in the development of nanomaterials. The incessantly increasing demand for environment-friendly products will also boost the growth of the smart coatings market in this region.

Asia Pacific will emerge as a significant market for smart coatings. This is mainly due to the rapid rate of infrastructural development, growth in the construction sector, and an ever-increasing demand for consumer electronics in the region. Some of the upcoming events such as the FIFA world cup in Qatar in 2022 and world expo trade convention in Dubai in 2020 will proliferate the growth of the smart coatings market in Asia Pacific.

Growing Need for Emergency Medical Care to Aid Growth of Ambulance Services Market

Ambulance services help in the transportation of ill patients or medically injured patients to hospitals and back from there as per requirement for the timely health check-up and treatment of patients by healthcare professionals. Ambulance services are important for the mobility of patients during emergencies. Effective ambulance services results in the timely medical treatment for patients suffering from any chronic disease or accidents victims. The rising number of emergency incidences is one of the primary factor that is likely to boost the growth of the market. 

The global market for ambulance services is projected to expand at an 8.30% CAGR between 2013 and 2019. From a valuation of US$17 bn in 2012, the market is expected to rise to US$29.78 bn by 2019. 

How is the market expected to perform over the next years and owing to which factors?

The global ambulance services market is expected to perform outstandingly over the coming years and the number of service and service providers are also likely to increase extensively. This growth can be attributed to the mounting geriatric population across the globe and a considerable rise in the prevalence of chronic diseases such as diabetes and cancer. Factors such as rising importance of home healthcare, entrance of new companies in ambulance service providers, and promising reimbursement scenario. 

For instance, recently the Kolhapur Municipal Corporation has introduced free pre and post-delivery ambulance across the district to women who are pregnant. This will help in spreading awareness regarding the availability of these services. 

What factors are likely to restrain the growth of the market?

The global ambulance services market has been segmented into water ambulance, ground ambulance, and air ambulance services. The demand for air ambulance is increasing across developed nations for the transfer of organs and emergency cases. However, the global market is likely to be negatively impacted by the lack of air ambulance services as they are used for donation of critical organs such as heart for patients and the transplantation of organs to other cities. Implementation of strict rules by the Federal Aviation Administration is also another factor hindering the growth of the market. 

Which region is likely to provide profitable growth opportunities?

In 2012, North America and Europe collectively held a share of 80% in the global ambulance services market. The markets in these regions have been growing owing to the prevalence of numerous players and advanced services. Over the forthcoming years, Asia Pacific is likely to exhibit strong growth and owing to the growing aged population in Chin and Japan. The UAE is also expected to emerge as a lucrative market for providers of ambulance services as the region introduced a fleet of 24 Mercedes ambulances. 

Leading Companies in Global Cell Culture Market looking towards Emerging Nations as They Exhibit Higher Healthcare Spending

On account of transitions witnessed in the global cell culture market, stakeholders can expect product launches and substantial product differentiation across the various segments of the market in the coming years. In addition, the increasing application of the cell culture technology in drug discovery, cancer detection, and manufacturing of biologics will spur growth in the market. Cell culture is used in stem cell research and genetic engineering, developing research model systems, and in the studies of cellular structures and functions. This, coupled with the rising investment in research and development activities by life science companies, innovations in stem cell research, and extensive academic collaborations, augur well for the market, thereby spawning a multibillion dollar industry forecast to reach US$11.3 bn by the end of 2022. 

Transparency Market Research, a leading market intelligence firm, has pegged the global cell culture market at US$6.1 bn in in 2013. The market is projected to exhibit a CAGR of 7.1% between 2014 and 2022. 

Q: Which regions will prove the most lucrative for the global cell culture market? 

A: Regionally, Asia Pacific, Europe, North America, Latin America, and Rest of the World constitute the key segments in the global cell culture market. Among these, North America emerged dominant in 2013. Robust research activities credited to the region as it focuses on the development of drugs and biologics, and the presence of leading biotechnology, pharmaceutical and food and beverages companies in North America are aiding the expansion of the cell culture market in the region. 

In the same year, Europe held the second-leading share in the global market, while Asia Pacific is projected to offer lucrative opportunities over the next few years. The fast developing economies in Asia Pacific, such as China and India have emerged as hubs of pharmaceutical and healthcare giants. The immense development exhibited by the healthcare industry has touted India and China as favorite destinations for medical tourism in Asia Pacific. This situation has proven quite conducive to the growth of an increasing number of contract research and manufacturing organizations in the region.  For instance, Corning Life Sciences, one of Corning Inc.’s ancillary, has formally splashed in the Indian market in December 2016. The branch will focus on the development of drugs, vaccines, and novel medical treatments. 

Q: Which countries have proven major markets for cell culture? 

A: India, Australia, China, and Japan are considered the leading markets for cell culture in Asia Pacific. The rising healthcare expenditure in China and India are expected to play a major role in fuelling the global cell culture market. In addition, the increasing private and public investment in life science research, particularly in cell culture is expected to bolster opportunities for the market in across various nations in Latin America and Rest of the World. Furthermore, improving healthcare infrastructure, flexible regulatory requirement, and the rising awareness will accelerate pace of gains for the cell culture market in nations across the Latin America and Asia Pacific. 

USB 3.0 Flash Drives Market to Drive Sales Over Larger Capacity Devices

With the advent of cloud and online data storage systems, the need to transfer large amounts of data is met easily nowadays. Nevertheless, USB (universal serial bus) 3.0 flash drive is still emerging as a highly serviceable and convenient tool for data transfer. USB 3.0 flash drives offer a wide-ranging scope of advantages, which the traditional USB technology has felt short of. This is one of the reasons that the global USB 3.0 flash drives market has witnessed a surging demand. According to a recent report by Transparency Market Research (TMR), the market is foreseen to make a combined revenue of approximately US$3.1 bn by 2020 when the U.S., Europe, and Asia Pacific (APAC) regions are considered.

Although USB 3.1 flash drive is putting up an intensifying competition against the USB 3.0 version, the later still sits on top of the demand. USB 3.1 was deprived of the much needed popularity that a product requires after its launch. However, the latest USB drives have made a commanding appearance in the industry compared to modern SSDs (solid-state drives), mainly on the basis of the speed of data transfer.

Which Region will Top Production and Demand Volume?

APAC is expected to continue its dominance in the international USB 3.0 flash drives market, considering the fact that a multitude of key players have already established their major manufacturing firms in the region. Presently, the prominent competitors predicted to hit the mark in the top three regions of the market are Toshiba, Monster Digital, ADATA Technology Co., Ltd., Lenovo Group Ltd., Patriot Memory LLC, Samsung Group, Corsair Components, Inc., HP Inc., Kingston Technology Corporation, Micron Consumer Products Group, Inc. (Lexar), SanDisk Corporation, Transcend Information, Inc., Verbatim Corporation, Inc., Emtec Inc., and Gigastone Corporation.

APAC’s dominion with regard to both production and demand volume is mainly attributed to downright manufacturing capacity compared to other regions in the market. Countries such as China and India simplify market penetration for global players with their elephantine consumer pools in the digital electronics sector.

The market attractiveness for North America and Europe is forecasted to ride on technologically sophisticated infrastructures in the consumer electronics and IT sectors. The rapid rise in demand in both the regions could be due to the attitude to reduce the import of USB 3.0 flash drives and instead focus on manufacturing them in larger volumes.

Browse Press Release:

How will Larger Capacity Devices Fare in the Market?

The USB 3.0 flash drives market has spurred significantly on the basis of capacity, where smaller flash drives offering larger storage capacity, such as 16 GB and 64 GB, have proved feasible than their vice versa counterparts. As the USB technology continues to show signs of advancement, even devices such as 128 GB and 256 GB have gained traction and are expected to show growth until 2020. With the augment in digital data volume since the last few years, flash drives with greater capacity will secure more preference from consumers than smaller capacity devices.

Product development is another factor that will be responsible for the growth in the global market for USB 3.0 flash drives. Technologies such as chip-on-board could be highlighted in the market as key players look to upgrade their products.

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