Articles by December, 2024

The global anti-viral drug market is anticipated to grow at a CAGR of 4.0% during the forecast period. The growing prevalence of numerous infectious diseases such as HIV, Hepatitis, Herpes Virus, COVID-19, Ebola, and seasonal influenza globally is one of the major factors increasing the demand for anti-viral drugs. In 2019, an estimated 1.2 million people in the US aged 13 and older had HIV, as per HIV.gov estimates. The demand for anti-viral drugs has surged since the time of the COVID-19 pandemic. Many organizations had been working towards the development of anti-viral drugs and therapeutics for COVID-19 at the time of the pandemic, which leads to the high drug development and that has further affected the market positively. For instance, in 2020, NIAID partnering NIH Institutes and initiated an intensive research program to prioritize and accelerate the development of COVID-19 therapeutics. The research program was enhanced through the APP’s discovery and development ... Continue reading →

The global AI in genomics market is anticipated to grow at a significant CAGR of 50.2% during the forecast period (2024-2031). Several advances conducted in the field of pharmaceutical and artificial intelligence (AI) which is likely to boost the growth of the global AI in the genomics market. For instance, in November 2020, Dell Technologies announced new Dell EMC Ready Solutions and high-performance computing(HPC), cloud service provider collaboration to accelerate AI and advanced computing innovation in healthcare, life science, and manufacturing. Moreover, it is specifically designed for bioinformatics and workload management that provides assistance to process complex genomics data faster for personalized treatment of diseases. Moreover, in March 2022, Fabric Genomics Inc. unveiled that the Broad Insitute of MIT and Harvard has selected the company to support the development and implantation of its clinical whole genome sequencing-based offerings. Under the agreement, ... Continue reading →

The global bioprocess technology market is expected to grow at a significant CAGR of 8.2% during the forecast period.  The growing competition in the biotechnology and biopharmaceutical industry coupled with the rising demand for innovative therapeutics owing to the rising prevalence of chronic diseases has led to increasing demand for bioprocess technology. Investment in the biopharmaceuticals industry coupled with the rising need for drugs and vaccines has propelled the market growth. For instance, according to CCI India, India is one of the major producers of generic drugs globally, and the pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US, and 25% of all medicines in the UK.   Get Free Sample link @ https://www.omrglobal.com/request-sample/bioprocess-technology-market The key players are continuously focusing on the adoption of various strategic moves such as partnerships, new product launches, ... Continue reading →

The global spices and seasonings market reached a value of USD 27.93 billion in 2023 and is projected to grow at a CAGR of 5.6% during the forecast period of 2024-2032, potentially reaching a value of USD 45.61 billion by 2032. This market, driven by a myriad of factors including increased demand for convenience foods, rising popularity of ethnic cuisines, and the growing awareness of health benefits associated with certain spices, is witnessing significant growth. In this blog, we will explore the key drivers of the market, emerging trends, and the competitive landscape, while also analysing the different segments and regional dynamics that are shaping the future of the spices and seasonings industry. Market Overview Spices and seasonings are essential ingredients derived from various parts of plants, including seeds, bark, fruits, and rhizomes. They play a crucial role in enhancing the flavour, aroma, and colour of food. Over the years, spices have not only added distinct tastes to ... Continue reading →

The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One key factor driving the market growth include the increasing participation of market players as they are launching new mobile cranes to compete with one another. For instance, in April 2022, Manitowoc’s Zhangjiagang launched the largest Potain topless crane in China. This new Potain MCT 805 topless tower crane is designed with an 80 m jib and provides 40 t and 32 t versions. It is a high-quality, affordable crane, and will target consumers in Asia, the Middle East, Africa, Australia, New Zealand, and Latin America.  Get Free Sample link @ https://www.omrglobal.com/request-sample/mobile-crane-market Moreover, in May 2022, Franna, A Terex Corp., a brand for manufacturing mobile carry and pick cranes, made its entrance at Excon India, South Asia’s largest construction equipment exhibition, with the launch of the FR-17 pick and carry mobile crane. Combining ... Continue reading →

The global motorhome market is expected to grow at a CAGR of 8.5% during the forecast period. One of the factors that are boosting the market growth is the implementation of stringent vehicle emission regulations in most nations across the globe which is encouraging consumers to switch to hybrid and electric recreational vehicles such as motorhomes. The electrification of the vehicle is rising across the globe with the governments’ subsidy policies for encouraging consumers. For instance, in March 2022, Italy planned to subsidize new electric vehicles up to $6,570 of the purchase price as part of the plan to support the electrification of the vehicles. This results in the launch of new electric motorhomes which have increased their competitiveness among market players.  Get Free Sample link @ https://www.omrglobal.com/request-sample/motorhome-market For instance, in January 2022, Winnebago Industries Inc. launched its “all-electric zero-emission ... Continue reading →

The global blood warmer market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. The primary factor accelerating the growth of the market includes the rising number of chronic diseases such as cancer, tumor, arthritis, and others across the globe. During the treatment of these chronic diseases, blood and blood-related products are used which are stored at low temperatures to prevent them from decaying. Thus, during transfusion of red blood cells (RBCs) and platelets, among others, blood stored at low temperatures is warmed to normal temperature before transfusion by using blood warmer devices. According to the World Health Organization (WHO), in 2019, the prevalence of anemia patients was 29.9% in women aged between 15 to 49 years. Moreover, the problem of anemia in children was estimated at around 39.8%.  Get Free Sample link @ https://www.omrglobal.com/request-sample/blood-warmer-market Another factor accelerating the market growth ... Continue reading →

The global blood warmer market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. The primary factor accelerating the growth of the market includes the rising number of chronic diseases such as cancer, tumor, arthritis, and others across the globe. During the treatment of these chronic diseases, blood and blood-related products are used which are stored at low temperatures to prevent them from decaying. Thus, during transfusion of red blood cells (RBCs) and platelets, among others, blood stored at low temperatures is warmed to normal temperature before transfusion by using blood warmer devices. According to the World Health Organization (WHO), in 2019, the prevalence of anemia patients was 29.9% in women aged between 15 to 49 years. Moreover, the problem of anemia in children was estimated at around 39.8%.  Get Free Sample link @ https://www.omrglobal.com/request-sample/blood-warmer-market Another factor accelerating the market growth ... Continue reading →

  The global airlift bioreactor market is expected to grow at a significant CAGR of 10.5% during the forecast period. The growth of the market is mainly driven by the rise in the biopharmaceutical industry and the increasing prevalence of various chronic diseases such as cancer, diabetes, heart diseases, and viral illnesses. According to the Reserve Bank of India (RBI), the Indian Pharmaceutical sector contributed nearly 2% to India's GDP. Moreover, the Indian pharmaceutical market export turnover was $24.2 billion in 2020-21. India's domestic pharmaceutical market was $41 billion in 2021, and likely to grow to $65 billion by 2024,  and further expected to reach $130 billion by 2030.    Get Free Sample link @ https://www.omrglobal.com/request-sample/airlift-bioreactor-market The market players are focusing on the adoption of various strategies including mergers and acquisitions, partnerships, new product launches, and collaborations, to stay ... Continue reading →

  The global self-administered drugs market is anticipated to grow at a CAGR of 8.3% during the forecast period. High healthcare service costs which encourage patients to adopt self-administered drugs also contribute to the growth of this market. Self-administered drugs are majorly taken by diabetic patients for injecting insulin without the prior need of any healthcare professional assistance.  The foremost factors leading to the self-administered drug market expansion include the increasing prevalence of diabetes and the rising burden of chronic diseases globally. As per the British Diabetic Association, in the UK, 3.8 million people are living with a diagnosis of diabetes, and 90% of those with type 2, and around 5.5 million people are expected to have diabetes in the UK by 2030.  Get Free Sample link @ https://www.omrglobal.com/request-sample/self-administered-drugs-market Apart from these, the rising FDA approvals of new drugs developed by prominent players ... Continue reading →