Advancement in the biotechnology sector has positively shaped the alkaline proteases industry

 

Alkaline proteases are a type of enzyme that is active from neutral to pH range. An enzyme is any living thing that can be defined as a chemical reaction that changes something else, usually making a change in its shape or composition at some point during the catalytic reaction. The catalytic reaction may be a kinetic one - that is, it changes something because of the energy produced - or it may be a metabolic one - that is, it changes something because of the energy available for the catalytic reaction. Basically, an enzyme performs a number of functions: breaking down complex molecules into simple substances, assembling amino acids into peptide chains, playing a role in metabolism, and so on.

The expanding biotechnology industry due to technological advancement is driving the growth of alkaline proteases market. The rise in the investment in research &development activities is again expected to augment market growth. High demand for proteases from the soaps & detergents industry is also projected to foster the market growth of alkaline proteases. Growing hygiene awareness and increasing demand for the food industry for the preparation of food products is also projected to propel the market growth. Furthermore, the growing demand for environmentally friendly products across emerging economies and increasing use of proteases as therapeutic agents is further projected to augment the growth of alkaline proteases market.

From the geographical point of view, North America is expected to gain significant growth over the forecast period and this is attributed to the expansion of the pharmaceutical industry in the region. Increasing investment in the research and development activities is again expected to foster the regional growth of the alkaline proteases market. According to Pharmapproach Limited., in 2019, the United States remained the world’s largest single pharmaceutical market, generating more than $490 billion of revenue. Despite being only a 0.2% increase from the previous fiscal year, the United States market accounted for 48 percent of the global pharmaceutical market.

Key Developments:

In June 2020, Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, announces the launch of its Delvo®Plant range of enzymes for optimizing the taste, texture and sweetness of plant-based drinks.

Key Players:

1.      Ab Enzymes

2.      Acumedia Manufacturers, Inc.

3.      Advanced Enzymes

4.      Novozymes

5.      Noor Enzymes

6.      Royal DSM

7.      Sigma Aldrich Corporation

8.      Solvay Enzymes

9.      Specialty Enzymes & Biotechnologies Co.

Global Turmeric Oleoresin Market is Gaining Significant Traction with Swiss Flavors Manufacturer Givaudan Completing Acquisition of Ungerer & Company, a U.S.-based flavors company

 

Turmeric Oleoresin, otherwise called Indian Gooseberry, is one of the curcumin powder used for the purpose of food and medicinal applications. Turmeric oleoresin has been proven to have various health benefits including being able to promote the immune system. In addition, the natural compound is also known to have antioxidant properties that help in the protection of the body from free radicals that can lead to cellular damage, cell mutation, lipid peridoxation, and cancer formation. In fact, researchers have even found out that this compound has cytotoxic activity towards human leukemia cells. Turmeric Oleoresin has been widely used as a food and medicine additive in India and other Asian countries where it is widely used for many medicinal purposes.

Increasing demand for natural food coloring agents is expected to drive growth of the global turmeric oleoresin market. Turmeric oleoresin is widely used in the baking industry as a flavoring and coloring agent due to its intense coloring properties. Consumers are increasingly demanding organic products with the inclusion of natural ingredients such as additives and food colorings. Key players in the market are focused on research and development activities, in order to launch novel products and cater to rising demand. For instance, in September 2019, Diana Food launched a new line of organic colors for food and beverages in Europe with EU compliance certification. Furthermore, in June 2020, DIC Lifetec Co. Ltd., a subsidiary of DIC Corporation, launched a liquid version of its Lineblue, a naturally-derived blue food coloring. Hence, such factors are expected to drive growth of the global turmeric oleoresin market. Furthermore, rising usage of oleoresin in dry mixes and margarine is expected to propel the global turmeric oleoresin market growth in the near future.

However, a stringent regulatory framework imposed by governing authorities is expected to hamper the global turmeric oleoresin market. Among regions, Europe is expected to witness significant growth in the global turmeric oleoresin market. This is owing to increasing demand for ethnic cuisines such as Mexican, Indian, and Thai in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to the presence of the largest food and beverage industries across the region.

Key companies involved in the global turmeric oleoresin market are Nikita Extracts, Ozone Naturals, Ungerer & Company, Indo-World, Kancor Ingredients Limited, DDW The Color House, Asian Oleoresin Company, Synthite Industries Ltd, Vidya Herbs Pvt. Ltd., Givaudan, and Naturite Agro Products Ltd.

For instance, in November 2019, Givaudan, a Swiss manufacturer of flavors and fragrances, acquired Ungerer & Company, a U.S.-based flavors company. 

Increasing Privacy and Security Concerns to Augment the Network Access Control Market Growth

 

Network access control is a security solution that provides security against unauthorized endpoint devices such as printers, smartphones, laptops, and others. This helps protect the private network from malware (malicious software) and protect network vulnerabilities. Moreover, network access control integrates with existing security platforms to increase network security and efficiency. Moreover, there are different ways in which network access control can be implemented according to the requirements of an organization.

Network access control is an advanced security solution that tries to unify network security, client authentication, and end-point security. There are many security considerations in setting up this security solution. One is the use of encryption oracle or any other protocols to secure networks. Another security step is the use of various integrity checks for network and client software to prevent malicious attacks. The other security method is the use of MAC addresses and also verification of the server identity. The final security method is the usage of various mechanisms to control access such as token-based authentication.

Market Dynamics

Increasing implementation of IoT (Internet of Things) devices and increasing the adoption of cloud technology in network access control is expected to propel the network access control market growth. For instance, according to the International Data Corporation (IDC), there will be around 41.6 billion connected IoT devices in 2025.

Moreover, the increasing prevalence of bring your own device (BYOD), compatibility with existing network security technologies, and need for automation and security for business processes is also expected to aid the network access control market growth.

Increasing demand for next-gen network access control technologies from organizations and increasing privacy and security concerns are expected to offer lucrative growth opportunities to players in the market. However, high initial investment costs and lack of awareness about the benefits of network access control solutions are expected to restrain the growth of the network access control market.

Competitive Analysis

Major players operating in the network access control market are Fortinet, Auconet, Avaya, Bradford Networks, Cisco Systems, Extreme Networks, Forescout Technologies, Hewlett Packard Enterprise Development, Fortinet Impulse Point, Key Innovator, Portnox, Savex Technologies, and Pulse Secure.

Major players operating in the market are adopting various strategies, such as collaboration and partnership to strengthen their market position. For instance, in January 2021, Savex Technologies signed a distribution agreement with Fortinet to expand its business and security market footprint in India. According to Fortinet, Savex will help them to keep with new business demands in emerging technologies such as SASE, SD-WAN, Network Access Control, EDR, and Network Monitoring and Diagnostics.

Launch of Smart Agriculture Training Programs and Initiatives to Deploy Smart Agriculture Solutions in to Augment Growth of Smart Agriculture Market

 

Smart agriculture is quite a new concept and most farmers aren't even aware of what it stands for. The term smart agriculture actually refers to the use of modern technologies such as the Internet of Things (IoT), sensors, place systems, digital devices, robots and artificial intelligent software in your agricultural field. These technologies enable you to automate your farming activities making your farm more productive, efficient and profitable. Smart agriculture helps the environment by reducing the use of traditional agricultural chemicals.

Market Dynamics

Launch of smart agriculture training programs is expected to propel growth of the global smart agriculture market. For instance, in December 2020, the International Organization for Migration, with funding from the Foreign, Commonwealth and Development Office, launched the Climate Smart Agriculture and nutritional garden training program for migrant returnees in Zimbabwe. Moreover, decreasing productivity of traditional crops and less effective practiced farming technologies due to climate volatilities is also expected to aid in growth of the market.

Initiatives to deploy smart agriculture solutions in emerging economies is expected to offer lucrative growth opportunities for players in the global smart agriculture market. For instance, in December 2020, Vodafone India Foundation, Vodafone Idea Ltd.’s corporate social responsibility arm, partnered with Nokia to deploy a smart agriculture solution to improve the productivity of farmers in India. Moreover, investment for R&D in farm management and predictive analytics solutions is also expected to aid in growth of the market. For instance, in January 2021, CropIn, an artificial intelligence and data-led agri-tech organization, raised US$ 20 million in a Series C funding round led by ABC World Asia, an Asia-focused private equity fund, for R&D in farm management and predictive analytics solutions.

Among regions, the Middle East is expected to witness significant growth in the global smart agriculture market, owing to increasing investment in implementation of smart agriculture in the region. For instance, in January 2021, The Ministry of Agriculture, Fisheries and Water Resources, Oman, signed an agreement to lease 100 acres with the Agricultural and Fisheries Development Company to invest and implement the smart agriculture project in the Wilayat of Al Kamil Wa Al Wafi.

Competitive Analysis

Major players operating in the global smart agriculture market include, Dirt Road Data, Inc., AgJunction LLC, Iteris, Inc., Site-Specific Technology Development Group, Inc., CropMetrics LLC, Trimble Navigation Ltd., Agribotix LLC, AgEagle Aerial Systems Inc., Granular, Inc., AgriSight, Inc., and SemiosBio Technologies Inc.

Major players in the global smart agriculture market are focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in December 2020, AgJunction Inc. signed a supply agreement with a new Dutch OEM customer, Ploeger Oxbo Group BV to provide auto steering systems for their CM4240 self-propelled silage merging device.

Global Shotcrete Market is Witness Significant Development with Sika AG Expanding its production of shotcrete admixtures at its main plant at Gournay-en-Bray, France

 

Shotcrete is also referred to as sprayed concrete is concrete conveyed through a hose and pneumatically projected at high velocity onto a surface. The most popular application of shotcrete is in commercial and industrial buildings, especially where building walls are being required to be stronger and more durable to withstand the harsh conditions of the environment. As evidence of its strength, shotcrete is commonly used in the floors of buildings and other structures due to its resilience to weathering and further environmental abuse. 

Rapid developments in shotcrete technology and raw materials are expected to drive growth of the global shotcrete market. Shotcrete technology has witnessed massive adoption in the construction and infrastructure due to its numerous advantages. Over the years, shotcrete technology has improved with continuous research and development activities by key players in the industry. For instance, in November 2018, Putzmeister, a German manufacturer of concrete pumps, introduced new mechanized shotcrete equipment Wetkret 4 concrete sprayer, which is suitable for the construction of narrow galleries in underground mining. Furthermore, in February 2020, Putzmeister Underground introduced Geokret 2.0 smart shotcrete solution with 3D high-resolution scanning of the underground galleries before and after each shotcrete application, allowing to compare results and optimize the applications. Thus, these factors are expected to drive growth of the global shotcrete market during the forecast period. Furthermore, the economic and technical efficiency of shotcrete is expected to propel growth of the global shotcrete market in the near future.

However, challenges associated with the transport of concrete mix and limited availability of skilled personnel are expected to restrain the growth of the global shotcrete market. Besides, increasing demand for low-cost housing can pose major business opportunities for key industry players in the near future. Among regions, Europe is expected to witness significant growth in the global shotcrete market. This is owing to increasing underground construction activities across Europe. Besides, rising investment in infrastructural development is expected to boost the regional market growth. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing demand from emerging economies such as India, China, Australia, and Japan.

Key companies operating in the global shotcrete market are BASF SE, Normet, Heidelberg Cement, Mapei, Grupo ACS, U.S. Concrete, Lafargeholcim, GCP Applied Technologies, Lafargeholcim, Sika AG, and Cemex.

For instance, in November 2020, Sika AG, a Swiss chemical company, expanded its production of shotcrete admixtures at its main plant at Gournay-en-Bray, France.

Increasing Incidence of Sports Injuries and Road Accidents to Augment the Prosthetic Legs Market Growth

 

In medical science, a prosthetic limb is an artificially created device that substitutes a damaged body part that may be damaged through injury, disease, or simply a natural condition at birth. Prosthetic limbs are designed to fully restore the functional roles of a missing body part so as to provide full mobility and independence to the person affected. Apart from birth defects, various medical conditions such as diabetes, cancer, traumatic injuries, and circulation problems can lead to amputation of limbs.

They can be constructed from a wide variety of materials and come in a variety of styles. Most importantly, they have been approved for therapeutic use in humans under the terms of the United States Food and Drug Administration (FDA). Although most patients choose to wear prosthetic legs in their home, there are several reasons why a professional should prescribe and supply them to an amputee.

Market Dynamics:

Increasing incidence of sports injuries and road accidents worldwide, the increasing prevalence of osteosarcoma, and rising number of diabetes-related amputations are expected to propel the growth of the prosthetic legs market. For instance, according to the World Health Organization (WHO), around 1.35 million people die each year as a result of road traffic crashes. Road traffic accidents are the 9th leading cause of deaths worldwide.

Moreover, increasing prevalence of peripheral vascular disease (peripheral arterial disease and trauma is the second-leading cause of limb loss) is also expected to augment the prosthetic legs market growth. For instance, according to the Centers for Disease Control and Prevention, around 6.5 million people age 40 and older in the United States have peripheral vascular disease.

The prosthetic legs market is witnessing significant merger and acquisition (M&A) activities. For instance, in June 2020, Ossur completed acquisition of College Park Industries, a provider of lower and upper limb prostheses and supporting services. Moreover, in 2019, Ossur acquired the prosthesis technology from SpringActive to develop powered ankle prosthesis

Competitive Analysis:

Major players operating in the prosthetic legs market are The Ohio Willow Wood Co., Otto Bock HealthCare GmbH, Hanger Inc., Touch Bionics Inc., Ossur, and Blatchford Ltd.

Major players in the market are involved in different business strategies such as product launch, etc. to strengthen their product portfolio. For instance, in March 2019, NYQ announced the launch of the UNYQ Socket, a 3D printed prosthetic leg socket, providing individuals with the perfect product to complement their prosthetic cover.

Increasing advancement in the filling of formulations is expanding the prefilled syringes market size

 
The use of prefilled syringes for injection is becoming increasingly popular among physicians and healthcare providers. Prefilled syringes have many benefits over vial or penile injections: they are easier to inject, offer more consistent results, eliminate the need for a large an instrument to transfer a medication, and they do not require one person to administer the injection (which means there is a reduced risk of drug exposure or injury to staff during administration). Most prefilled syringes require the user to insert the syringe into a vial and then inject the contents of the vial into the tip of the syringe. In addition, some manufacturers have adopted the use of rubber cup lids to keep the syringe needle free from debris and to prevent injury to the fingers while pulling the plunger.

The growing prevalence of chronic disease around the globe coupled with the rising awareness regarding the benefits of the product is driving the growth of the prefilled syringes market. An increasing number of biologics and biosimilars in the pharmaceutical industry is again fueling the growth of the market. Technological advancement for developing superior quality products and filling procedures for ensuring stability in prefilled syringes is also projected to foster the growth of the prefilled syringes market. Benefits such as increased product life span and minimized drug wastage as compared to traditional methods are further anticipated to augment the growth of the prefilled syringes market.

On the other hand, complexities associated with prefilled syringes are projected to hinder the growth of the prefilled syringes market.

North America is projected to gain significant growth over the forecast period and this is attributed to the high prevalence of diabetes which is driving demand for prefilled syringes. According to the American Diabetes Association, in 2018, 34.2 million Americans, or 10.5% of the population, had diabetes. Nearly 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents

Key Developments:

1.      In September 2018, Hikma Pharmaceuticals PLC (Hikma, Group) the multinational pharmaceutical company, has launched a new prefilled syringe capability in the US through its affiliate, Hikma Pharmaceuticals USA Inc. The first Hikma medicine available in prefilled syringe form is Heparin Sodium Injection, USP, 5000 Units/mL.

2.      In September 2019, Schreiner MediPharm, a Germany-based global provider of specialty pharmaceutical labeling products, has launched a new tamper-evident security concept for luer-lock syringes. It features a combination of a cap adapter and label that firmly seals prefilled syringes for reliable first opening indication.

The Global Pipe Coatings Market Continues To Grow Owing To the Increase in Demand from Infrastructural and Construction Facilities in the Developing Nations of the World

 

Pipe coating materials that are used in manufacturing processes come in a variety of synthetic materials that include epoxy polymers, urethane coatings, thermoplastic rubber, and others. Once the pipe is made, the pipe manufacture typically applies the pipe coating at the same time. This has several benefits to manufacturing operations. The coating can easily be applied in an even manner, the surface of the pipe is always clean, and different application methods can be more accurately controlled. Pipe coating materials come with several different benefits when applied to pipes in specific applications. One of these is corrosion protection. Commonly used pipe coating materials provide the pipelining with greater resistance to acid corrosion (rusting), heat corrosion (corrosion of copper & zinc) as well as mechanical wear and tear. Additionally, these materials provide the liner with protection from chemical corrosion. Chemical corrosion (rusting) occurs when metallic surfaces come into contact with one another, creating a reaction that can cause both the metal or iron that compose the joint to deteriorate, which in turn can allow waste products from rusting to leak into the pipeline or drain field, which in turn poses a hazard to the environment.

Market Dynamics

The main driving factor influencing the growth of the pipe coatings market is the increasing demand for energy from the rapid expansion of infrastructural and construction facilities in emerging economies worldwide. According to Manufacturers’ Association for Information Technology (MAIT), in India, there are 200 construction companies in the corporate sectors while approximately 120,000 class A contractors are registered with the various government construction sectors. Moreover, the need to transport oil that has been produced afterward in these industries is also boosting the market growth. The manufacturing firms in the global pipe coatings markets are getting backed by favorable regulations made by governmental bodies such as FDI policies and reduced taxes.

However, the high costs associated with the pipe coating processes are the main restraining factor hindering the market growth. Moreover, the presence of a high amount of volatile organic compound (VOC) in the coatings is another reason that could be expected to affect the market adversely.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is expected to hold a bigger share of the pipe coatings market owing to the increased production of oil from Delaware and Permian basins, which has rapidly boosted the demand for installation of new pipelines and expansion of the current ones to the Gulf Coast Refineries. Moreover, pipeline construction is more cost-effective than trucking, which enables the companies to cut losses. The market in Asia-Pacific is estimated to witness significant growth owing to the increased demand from the chemical industry, which has resulted in rapid growth in the market in India, Indonesia, and China.

Competitive Analysis

The key players in the pipe coatings market include E.I. Du Pont Nemours and Co., Bredero Shaw, Wasco Energy Group of Companies, Bayou Companies, Celanese Corporation, Covestro AG, and Dow Chemical Company.

In March 2019, PPG Industries Inc. launched the PPG ENVIROCRON, which is a new line of maximum protection edge coatings at the Powder Coating 2019.

Global Liquid Packaging Carton Market is expanding rapidly with Industry Leader Stora Enso Introduced its New Natura liquid packaging with micro-fibrillated cellulose (MFC)

Liquid Packaging Cartons are employed for the safe storage of liquid goods by reducing the likelihood of damaging the merchandise while preserving their freshness and quality. Cartons are available in various sizes, shapes, and colors to suit individual requirements and can be customized according to individual preferences. Liquid Packaging Cartons have rapidly gained a reputation of being one of the most convenient packaging options available in the market. Today, nearly all the leading brands across all segments utilize these packaging systems for distributing their wide range of products. Let us check out some of the most popular ones.

Increasing demand for eco-friendly packaging is expected to drive the growth of the global liquid packaging carton market. Consumers are increasingly demanding eco-friendly packaging options due to rising awareness regarding the negative impact of plastic packaging. Rectangle liquid packaging cartons are recyclable in nature and preserve the product inside them for a longer period. Besides, they are far more convenient than glass packaging and easier to handle. For instance, in June 2017, Nippon Paper Industries Co. Ltd. introduced new shape carton packaging for chilled liquids with closure in both standard and mini carton size. Thus, these factors are expected to drive the growth of the global liquid packaging carton market growth. Moreover, changing consumer lifestyles and preferences are expected to boost the global liquid packaging carton market growth in the near future.

However, increasing demand for glass packaging is expected to hinder the global rectangle liquid packaging carton market growth in the near future. Among regions, North America is expected to witness significant growth in the global liquid packaging carton market. This is owing to early consumer acceptance of packaged food products in the region. The Asia Pacific is expected to register a robust growth rate, owing to increasing disposable income in the region. According to the Organisation for Economic Co-operation and Development (OECD), Japan’s household gross adjusted disposable income in 2010 was US$ 26,356, which increased to US$ 30,599 in 2015.

Major companies operating in the global liquid packaging carton market are Tetra Laval, Bihai Machinery, SIG Combibloc, Xinju Feng Pack, ELOPAK, Weyerhaeuser, Greatview, Stora Enso, Evergreen Packaging,   Packing, and Nippon Paper.

For instance, in June 2019, Stora Enso, a Finnish manufacturer of paper and forest products introduced its New Natura liquid packaging with micro-fibrillated cellulose (MFC).

The Global Benzene Toluene Xylene Market Continues To Grow Owing To the Increased Demand from Manufacturing and End-Usage Sectors for Industrial and Commercial Applications

 

Benzene Toluene Xylene (BTX) is a co-product extracted during the production process of ethylene. These compounds are aromatic and are mainly used as the main building blocks of petrochemical products. BTX is mainly produced from the various petrochemical industrial processes and is used in chemical manufacturing and intermediate products such as pharmaceutical products, cosmetics, ink, adhesives, rubber product, thinner, and paints. Benzene Toluene Xylene is naturally present in gasoline and is utilized as an additive in gasoline. It is also used as an additive in multiple simulation fluid during production to boost the flow of hydrocarbon.

Market Dynamics                                  

When using products with Benzene Toluene Xylene, the user should always be careful and ensure that these products are not abused and that they do not pose a health hazard to the user. This chemical is widely used in the United States as an antifungal agent and can be found in numerous personal care products such as nail polishes, shampoos, soaps, hair dyes, and deodorants. It is known to cause irritation of the eyes, skin, or mucous membranes and if misused can also result in severe irritation, burning, itching, and swelling.

The main driving factor influencing the growth of the Benzene Toluene Xylene market is the significant rise in demand for BTX in various commercial and industrial applications. The continued expansion of polymeric applications, cleaning agents, paints and coatings, fuel additives, etc., are some of the widely used applications of Benzene Toluene Xylene. According to the U.S. Economic Development Administration, in 2020, there were approximately 8739 paint stores in the United States 2020, which generated total revenue of approximately US$ 12 billion.

Benzene Toluene Xylene is also used in the manufacture of spermicidal strips, deodorant, perfumes, and industrial lubricants. If these chemicals are not properly handled or used, they can cause a wide range of health hazards. An accidental intake can result in vomiting, burns, and nausea, diarrhea, and breathing difficulties. Long term exposure can result in irritability, depression, dizziness, headaches, skin rash, hearing problems, depression, increased rate of the pulse, and high blood pressure. Long-term contract with these compounds can lead to cancer, liver disease, eczema, birth defects, convulsions, reproductive disorders, and a range of other health problems. These are the main restraining factors hindering the growth of the market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, Asia Pacific is estimated to hold a bigger share of the Benzene Toluene Xylene market, owing to the major manufacturers who are shifting their businesses to the developing economies with an aim to establish a major BTX market in the region. The rapid industrialization and low feedstock cost are also the factors that are encouraging the growth of the market here. The Benzene Toluene Xylene market in North America is estimated to witness significant growth owing to the availability and abundance of cheap raw materials from shale gas reserves.

Competitive Analysis

The key players in the Benzene Toluene Xylene market include Petrochem Carless, INEOS AG, Huntsman Corporation, Honeywell UOP, DEZA a. s., Celanese Corporation, Ashland Inc., Chevron Phillips Chemical Company LLC., LyondellBasell Industries N.V., BASF SE, Eastman Chemical Company, Shell Plc., Royal Dutch UOP LLC, and Exxon Mobil Corporation.

In June 2019, Hyundai Chemical, which is a 60:40 joint venture between Hyundai Oilbank and Lotte Chemical, increased the production of xylene to 1.4 million tons per year from 1.2 million tons per year. Hyundai Chemical has announced that the production of paraxylene will also increase from 1.18 million tons per year to 1.36 million tons per year.

Increasing Prevalence of Anemia to Augment the Ferrous Sulfate Market Growth

 

Ferrous Sulfate refers to a group of metallic salts with the chemical formula FeSO₄. These compounds have several common names such as ferric sulfates, hydroxyl elastomerates, and hydroxyl esters. These compounds can exist in two forms, the sulfated form which is known as blackboard sulfates, and the non-sulfated form which is called keyboard sulfates.                 

Ferrous Sulfate is used to help prevent and treat anemia (iron deficiency) and is an active ingredient in many blood transfusions. It is considered to be a safe and natural drug. Moreover, it is widely used to treat hazardous waste and as a coagulant to treat industrial effluents, drinking water, and sewage waste. It is increasingly also being used in water treatment systems, construction, and pharmaceuticals industry.

Market Dynamics:

Increasing demand for ferrous sulfate in the water treatment sector and stringent government regulations are expected to propel of the ferrous sulfate market growth. Governments have made industrial wastewater treatment mandatory before discharging it into the environment. For instance, in November 2017, Maharashtra (India) government sanctioned a policy, making it compulsory to recycle and reuse wastewater.

Moreover, increasing prevalence of anemia worldwide is expected to augment the growth of the ferrous sulfate market. Ferrous sulfate is used to treat iron deficiency by oral administration. For instance, according to the World Health Organization (WHO), anemia is a serious global public health problem that particularly affects young children and pregnant women.

Increasing demand for ferrous sulfate in the construction and pharmaceuticals industry is also expected to fuel the market growth.

However, the availability of substitutes, such as ferric chloride and alum, for ferrous sulfate is expected to restrain the growth of the ferrous sulfate market.

Competitive Analysis:

Major players operating in the ferrous sulfate market are PJSC Sumykhimprom, Changsha Haolin Chemicals Co., Hong Yield Chemical Industrial Co., Chemland Group, Coogee Chemicals, Rech Chemical Co. Ltd., Verdesian Life Sciences, Venator Materials PLC, and Crown Technology.

Major players in the market are involved in different business strategies such as product launch, business expansion, etc. to enhance their market presence or to strengthen their product portfolio. For instance, in January 2021, Affinity Chemical LCC announced construction is nearing completion on its new Prattville, Alabama, facility. The eco-friendly, zero-emissions facility will supply bulk aluminum sulfate and other specialty chemicals (such as ferrous sulfate) to local paper mills and other industrial and municipal customers.

Increasing prevalence of infectious disease is predominantly augmenting the growth of the recombinant vaccines market

 

Recombinant vaccines are made by expressing live viruses as proteins and then creating DNA sequences out of these viruses. The proteins, or nucleic acid strands, of the virus, have been repaired with a polymerase that creates a piece of DNA identical to the rest of the viruses'. These DNA fragments, or polymers, are injected into the body of a susceptible individual, usually in a vein or in a garage, through the vein wall. This protects the patient against the deadly infection caused by the virus. Most commonly used vaccines require one dose of a product and one dose of a vaccine mixture. This is called a single dose schedule.

The high prevalence of infectious diseases around the globe is driving the recombinant vaccines market growth. According to the World Health Organization, infectious diseases kill over 17 million people a year. An increasing number of the manufacturer in the recombinant vaccines market is again propelling the growth of the market. Moreover, advancement in the development of technologies used in the production of vaccines is further anticipated to foster the growth of the recombinant vaccines market. Furthermore, continuous investment in research & development for the production of new vaccines are projected to fuel the growth of recombinant vaccines.

North America is projected to gain significant growth over the forecast period and this is attributed to the high prevalence of the infectious disease in the region. According to the National Center for Health Statistics, there were around new tuberculosis cases: 9,105, new salmonella cases: 54,285, new Lyme disease cases: 42,743, and new meningococcal disease cases: 353 in 2017.

Key Developments:

1.      In June 2020, Johnson & Johnson announced that through its Janssen Pharmaceutical Companies (Janssen) it has accelerated the initiation of the Phase 1/2a first-in-human clinical trial of its investigational SARS-CoV-2 vaccine, Ad26.COV2-S, recombinant.

2.      In November 2020, The European Commission has granted marketing authorization for Supemtek®, a quadrivalent (four-strain) recombinant influenza vaccine, for the prevention of influenza in adults aged 18 years and older. Supemtek is the first and only recombinant influenza vaccine now approved in the European Union.

3.      In February 2020, scientists from Hong Kong and Macao special administrative regions announced a breakthrough in developing a recombinant COVID-19 vaccine indicating that the mass production of the vaccine is feasible at a low cost in the future.

Polyethylene Terephthalate Market Continues to Expand as British Petroleum plc signs a cooperation agreement with China Resources Chemical Materials Technology Co. Ltd to strengthen cooperation on PTA sourcing

 

PET is an abbreviation for polyethylene terephthalate; the material most often used in PET bottles. PET is an extremely tough plastic, which is why it's commonly used as a packaging material. PET has many advantages over other plastics, including strength, resistance to breaking and crushing, and its natural plasticity it will fill almost anything and is resistant to oil and chemicals that can cause it to break down over time.

Rapid growth of the food and beverage industry is expected to drive of the global polyethylene terephthalate market growth. The food and beverage industry has witnessed significant growth in both developed and emerging economies. According to the Food and Drink Federation, the U.K., the food and drink manufacturing sector accounts for 17% in terms of economic contribution. Furthermore, according to the India Brand Equity Foundation (IBEF), the food processing industry contributed 14% of the country’s GDP in 2016. Polyethylene terephthalate or PET is widely used in the packaging of food and beverage products. Since PET is clear, strong, and lightweight plastic, it has witnessed massive demand for convenience-sized soft drinks, water, and juices. Hence, such factors are expected to drive growth of the global polyethylene terephthalate market. Furthermore, rapidly increasing PET collection and recycling in Europe is expected to boost the global polyethylene terephthalate market growth in the near future. For instance, in December 2020, PepsiCo Inc., a U.S.-based food and beverage organization, announced that it will reach its goal of 100% recycled content in plastic Pepsi bottle in the European market by 2022. PepsiCo has estimated that it will prevent around 70,000 tons of virgin plastic use annually. 

However, stringent regulations regarding the use of PET products combined growing use of alternative products are expected to hinder the global polyethylene terephthalate market growth in the near future. Among Regions, Asia Pacific is expected to witness significant growth in the global polyethylene terephthalate market. This is owing to increasing consumption of packaged food and increasing demand for automobile films in emerging economies such as India, China, Indonesia, and Malaysia. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to increasing demand for VOC-free films in the region.

Key players involved in the global polyethylene terephthalate market are Alpek SAB de CV Zhejiang Zhink Group Co. Ltd, China Resources Chemical Materials Technology Co. Ltd., Sinopec Group, Far Eastern New Century Corporation, Saudi Basic Industries Corporation, Hengli Group Co. Ltd, Reliance Industries Ltd, Hengyi Petrochemical Co. Ltd, Lotte Chemical Corporation, Indorama Ventures Public Company Limited, Jiangsu Sanfangxiang Group, and JBF Industries Ltd.

For instance, in April 2020, British Petroleum entered into a strategic cooperation agreement with China Resources Chemical Materials Technology Co. Ltd, a producer of PET, for to explore opportunities to enhance their cooperation on PTA sourcing.   

The Global Ostomy Drainage Bags Market Continues To Grow Owing To the Increase of Patients Diagnosed With Crohn's Disease, Ulcerative Colitis, Bladder Cancer, and Colorectal Cancer

 

Ostomy drainage bags are a type of waste matter removal system from the body that provides the collection of surplus fecal matter in a surgical diverted organ such as the bladder, colon, or urethra. Ostomy drainage bags are commonly used in open-heart surgery, where the bag is used to collect excess blood that accumulates in the left ventricle during a heart attack. The bags are also used in the gastrointestinal tract in cases where stress caused by surgical procedures or digestive diseases may affect the smooth function of the intestines. Ostomy drainage bags are specifically designed to be placed under the skin so that the patient can be easily removed from the bed. This facilitates better patient care and lesser infections related to the removal of the gut. The demand for ostomy drainage bags has been rising gradually as they are highly effective in performing many ostomy procedures such as perineal urological placement, pre-surgical colonoscopy, pre-operative imaging of abdominal CT images, and many more.

Market Dynamics                                  

The medical use of these bags can be divided into two major categories, single-piece system, and two-piece system. A Single-piece system consists of one pouch with a single drainage tube inside the bag and another tube leading to an external collection bag. A two-piece system involves a bag with a single tube leading to an external drainage bag and another tube leading to an internal collection bag; thus facilitating easy movement of stools.

The main factor driving the growth of the ostomy drainage bags market is the increased cases of Crohn's disease, ulcerative colitis, bladder cancer, and colorectal cancer all over the world. For instance, according to the American Cancer Society, in 2020, in the U.S. approximately 104610 people were diagnosed with colon cancer and approximately 43340 were diagnosed with rectal cancer.

However, patients who have undergone ostomy procedures sometimes experience various types of issues or discomforts. According to a report by the National Center of Biotechnology Information (NCBI), approximately 20% to 70% of patients experience complications related to stoma after the surgery process is over. This is acting as the major restraining factor hindering the growth of the market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, Europe is estimated to hold a bigger share of the ostomy drainage bags market owing to the growth of disposable income groups which is leading to the increased number of people able to afford the costly ostomy procedure. The Asia Pacific is also expected to witness significant growth in the market owing to the rising prevalence of colorectal cancer in emerging economies such as South Korea, the Philippines, Turkey, and Indonesia.

Competitive Analysis

Major players operating in the global ostomy drainage bags market include Flexicare Medical Ltd., Coloplast A/S, Salts Healthcare Ltd., B. Braun Melsungen AG, ConvaTec Group plc, Pelcin Healthcare Ltd., Hollister Incorporated, ALCARE Co., Ltd., Torbot Group Inc, and Welland Medical Ltd.

In September 2019, ConvaTec Group Plc acquired Southlake Medical Supplies Inc., an ostomy drainage bags supplier.

Rapid Growth of the Healthcare Industry to Augment the Practice Management System Market Growth

 

Practice management system helps manage the daily operations of an organization. The system helps organization (or facility) to settle meetings with specialists, record persistent information, keep up record, create last reports, etc. A medical practice management system provides staff members with real-time visibility into each patient's availability, enabling them to quickly identify potential scheduling problems. The system send email or text message (appointment reminders) to patients, reducing the possibility of a full-blown event that could negatively impact patient flow. Practice management system find wide application across various verticals in an industry.

Market Dynamics:

Increasing integration of healthcare system with practice management solutions is expected to propel the growth of the practice management system market. For instance, in January 2021, Brevium, an innovative SaaS company in the healthcare sector announced that it has extended the integration of its software with one of the premier electronic practice management systems in the U.S., Nextech.

Moreover, rising incentives by federal government are also expected to foster the practice management system market growth.

Growing inclination towards patient-centric care approach, increasing number of mobile health applications for better practice management, and cloud-hosted models are expected to offer lucrative growth opportunities for players active in the market. For instance, in January 2021, WRS Health announced that it has expanded its footprint with the availability of Neurology-Cloud. A new EHR (electronic health record) and practice management solution for neurologists.

Merger and acquisition by key players to enhance their market share is also expected to fuel the growth of the practice management system market. For instance, in 2019, Henry Schein acquired Elite Computer Italia, a dental practice management software company to enhance its presence in Italian market.

However, the high cost, dearth of skilled professionals, privacy and security concerns, and time required for integration are some of the factors expected to restrain the growth of the practice management system market.

Competitive Analysis:

Key players operating in the practice management system market are Accumedic Computer Systems, MediTouch, Greenway Medical AdvantEgde Healthcare Solutions, McKesson Corporation, Practice Fusion, NextGen Healthcare Information System LLC, GE Healthcare, Athenahealth, Inc., Henry Schein, and Allscripts Healthcare Solutions, Inc.

Key players in the market are adopting various strategies, such as collaboration and partnership, to enhance their market presence. For instance, in 2019, McKesson Corp. joined forces with Navigating Cancer to offer oncologists enhanced software platform for improved patient management in value-based care.