Biologics Market Key Players, Industry Overview and Forecast Analysis
The global biologics market has been displaying an aggressive competition divided among a handful of household organizations and a decent count of world’s best pharmaceutical companies. You could see such players competing among themselves to win an offer in this highly productive market. Transparency Market Research (TMR) has foreseen top players to upgrade their product portfolios with the help of bargains and co-improvement exercises as they get involved in strategic mergers and acquisitions. Players have also been observed to grow their assembling units and services across the globe. Biologics has witnessed billions of dollars put in by pharmaceutical behemoths such as AstraZenca, Novartis, and Eli Lilly and Co.
If the expected CAGR of 10.9% holds true for the global biologics market between 2016 and 2024, the revenue valuation could ascend to a US$479.7 bn by the end of the forecast tenure, as per a TMR report. In 2017, the market had paraded a valuation of US$231.2 bn. By product, the segment of monoclonal antibodies has been envisaged to rank higher while growing at an 11.9% CAGR. By 2024, North America could bag a share of more than 40.0% of the market.
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Biologics Specificity Attracts Investment from Large Pharmaceutical Giants
Analysts authoring the report have foretold the world biologics market to find greener pastures created with constant efforts and collective investments directed toward the development of biologics with specific applications. An over US$1.5 bn have been invested by top 10 pharmaceutical giants in the past five years, which has translated into capacity expansion and focused research and development. Drug companies have been earning strong profits through premium prices increasing their profit margins somewhere between 20.0% and 40.0%. Factors such as product approvals and the ability of biologics to successfully treat significantly complex diseases, which was close to impossible earlier, have been key for market growth.
Pharmaceutical firms patenting biologics products have been anticipated to make healthy gains in the coming years. With the robust growth in the biopharmaceutical industry, an over 13% of biomolecules that enter phase I of clinical trials have been expected to be likely approved as a drug. Increasing annual product approvals and strong biologics pipeline has been an indication of a robust development of the world biologics market.
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Expensive Initial Capital Investment and Stringent Approval Process Deter Growth
Compared to conventional drugs, biologics have had a higher success rate in terms of approval. However, high capital investment required for research and development could hamper the demand in the international biologics market. Only biopharmaceutical firms have been observed to enter the market due to costly initial setup. A success product launch primarily requires an over US$1.0 bn investment and takes approximately 9 years. Moreover, the regulatory approval of biologics is quite detailed since the molecules are complex.
On the other hand, the approval process of substitutes such as biosimilars has been made easily accessible by regulatory agencies. Furthermore, biosimilars offer cost savings while being priced at a 30.0% to 40.0% lesser cost than the original products. Taking advantage of patented timeframes, biologics manufacturers usually sell their products at high prices, which most of the patient population may not be able to afford. During such a time, manufacturers could face some competition due to the lower cost of generics.
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Nevertheless, the report has shed light on key trends and opportunities that have been predicted to help gain profit in the near future. For instance, establishing integrated facilities in high potential markets, the presence of contract manufacturing organizations (CMOs), and the use of biologics as a preventive medicine could help players to sustain their growth in the market.
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Gene Therapy Market - SWOT Analysis of Major Industry Segments
Transparency Market Research (TMR) has published a new report titled, “Gene Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global gene therapy market was valued at US$ 17.0 Mn in 2017 and is projected to expand at a CAGR of 40.0% from 2018 to 2026. New product approvals, promising therapeutic outcomes of gene therapy, and high prevalence of non-Hodgkin Lymphoma are anticipated to drive the global market in the next few years. Europe is projected to dominate the global gene therapy market, followed by U.S., by the end of 2026. Potential unmet needs in the fields of oncology, rare genetic disorders in the U.S. and Europe, new product approvals and commercialization, and high clinical R&D budgets are likely to drive the gene therapy market in these regions during the forecast period. The gene therapy market in Rest of World is projected to expand at a significant CAGR during the forecast period. The high growth rate is attributed to the anticipated approval and commercialization of gene therapy products in developed countries such as Japan, Australia & New Zealand, GCC countries, and China, and high prevalence of non-Hodgkin Lymphoma and head and neck cancers.
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New product approvals & commercialization drives market
2016, 2017, and 2018 were key milestones in the history of the gene therapy market in the U.S. and Europe, as around four gene therapy products have been approved and commercialized. These products are currently in the infancy stage of commercialization, and have exhibited highly positive therapeutic outcomes. For instance, in May 2016, GlaxoSmithKline (GSK) gene therapy product, Strimvelis, received marketing approval for the treatment of patients with a very rare disease called ADA-SCID (Severe Combined Immunodeficiency, due to Adenosine Deaminase deficiency). Strimvelis is the first ex-vivo stem cell gene therapy to be approved in Europe for the treatment of ADA-SCID. Furthermore, in August 2017, the USFDA approved Novartis AG’s flagship gene therapy product, Kymriah, for the treatment of children and adults up to the age of 25 years affected with B-cell precursor acute lymphoblastic leukemia (ALL). Thus, recent approvals of gene therapy products in the U.S. and Europe for the treatment of various life threatening disorders is projected to fuel the gene therapy market during the forecast period.
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Yescarta to be highest revenue generating gene therapy product
The report offers a detailed segmentation of the global gene therapy market based on different gene therapy products approved and commercialized. Based on product, the global gene therapy market has been segmented into Yescarta, Kymriah, Luxturna, Strimvelis, and Gendicine. Yescarta (Axicabtagene Ciloleucel) is a genetically modified autologous Chimeric Antigen Receptor T (CAR T) cell immunotherapy developed by Gilead Sciences, Inc. for the treatment of adult patients with relapsed or refractory large B-cell lymphoma including diffuse large B-cell lymphoma (DLBCL) and primary mediastinal large B-cell lymphoma (PMBCL). It is the first CAR T therapy approved by the US FDA for the treatment of DLBCL. The Yescarta segment is projected to dominate the global gene therapy market by the end of 2026. Anticipated commercialization of Yescarta in Europe and other developed countries and increasing number of treatment centers are key factors that are likely to lead to the dominant share held by Yescarta by the end of 2026.
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Oncology segment to account for high market share
In terms of application, the global gene therapy market has been segmented into ophthalmology, oncology, and adenosine deaminase ?deficient severe combined immunodeficiency (ADA-SCID). The oncology segment is likely to account for a significant share of the market by the end of 2026. Oncology is a highly studied medical field in the clinical pipeline studies of gene therapy candidates. More than 60% of gene therapy clinical research studies are focused on oncology. The large share held by the oncology segment is attributed to the approval and commercialization of Yescarta and Kymriah, in the last one to two years, for the treatment of certain types of non-Hodgkin lymphoma in the U.S. and Europe. Furthermore, increase in demand for Gendicine in China for the treatment of head and neck cancers is projected to drive the segment during the forecast period.
Europe offers high incremental opportunity
The gene therapy market in Europe is projected to expand at a significant CAGR of 30.6% during the forecast period. Large number of patient population with refractory large B-cell lymphoma, including diffuse large B-cell lymphoma (DLBCL) and primary mediastinal large B-cell lymphoma (PMBCL), promising therapeutic outcomes, rising demand for gene therapy treatment, and increasing number of gene therapy treatment centers in Europe are key factors that are likely to fuel the gene therapy market in Europe. Moreover, different pricing models are being evaluated by payers and governments to enable access to high priced gene therapy products. This is likely to drive the demand for gene therapy products in Europe during the forecast period.
Large number of clinical pipeline studies and significant investments in gene therapy to gain the first mover advantage
The global gene therapy market is highly consolidated, with very few global players accounting for a major share. Currently, only five companies; Gilead life Sciences Inc. Spark Therapeutic Inc., Novartis AG, Sibiono GeneTech Co. Ltd, and Orchard Therapeutics Limited offer gene therapy products in the market. Most biopharmaceutical companies have invested significantly in clinical R&D for the development of gene therapy products for different chronic and genetic disorders. Large number of gene therapy products are under different stages of clinical pipeline studies, and the number of gene therapy candidates is projected to rise consistently during the forecast period. For instance, according to the Journal of Gene Medicine, there were around 2,597 gene therapy candidates under clinical trials, as of 2017. Of the total clinical studies, around 65% of studies were focused on oncology, 11% of studies were focused on monogenetic field, 7% on infectious diseases and cardiovascular disease, each.
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Forensic Technologies Market Development, Trends, Segmentations Analysis
Transparency Market Research (TMR) observes the global forensic technologies market has highly competitive vendor landscape. Thanks to number of players operating in the global forensic technologies market, the players are experiencing intense competition. However, the market is dominated by the handful of the companies. Some of the prominent players operating in the market are SCIEX (Danaher Corporation), NMS Labs, Eurofins Medigenomix GmbH, and Forensic Pathway. These players are adopting the strategies such as mergers, acquisitions, and partnerships for improving the global presence and product portfolio.
A report from TMR estimates, the global forensic technologies market valued at US$39.6 bn in 2016, and is projected to attain value of US$80.7 bn by the end of 2025. The market is expected to expand with a CAGR of 8.3% over the forecast period from 2017 to 2025. Based on services, the chemical analysis segment dominated the market and is expected to continue its dominance over the forecast period. Based on location, the laboratory forensics segment accounted for the leading share in the global market for forensic technologies. Based on region, the market in North America dominated the global market and is projected to remain dominant by attaining value of US$39.3 bn by the end of 2025.
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Growing Crime Rate to Create Need for Advanced Forensic Technologies
Growing global crime rate is creating need for the better and advanced forensic technologies across the industries such as banking, medicine, and telecommunications. Additionally, growing advancement in the forensic technologies is experiencing high adoption of these technologies, which is propelling growth of the global forensic technologies market. Additionally, growing focus and research activities in the DNA sequencing area coupled with automated fingerprint identification and facial reconstruction is fuelling adoption of forensic technologies market.
Growing investment by government and numerous supportive reimbursement policies is supporting growth of the market. In addition, widening applications of forensic technologies across numerous end use industries is boosting growth of the market.
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High Cost of Forensic Technologies to Limit Adoption across Emerging Economies
Despite these growth prospects, the high costs of technology coupled with requirement of highly skilled operator is limiting growth of the global forensic technologies market. Additionally, emerging economies are not willing to adopt new technologies due to its high cost and high investment, which is again posing as a challenge to the growth of the forensic technologies market. Moreover, the administrative limitations in wide-ranging industries are creating obstacles for the growth of the forensic technologies market. Nonetheless, growing cases that require support from advanced forensic technology is creating lucrative opportunities for growth in the upcoming years.
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This information is encompassed in the new report by TMR, titled “Forensic Technologies Market (Services - DNA Profiling (PCR, Y- STR, RFLP, and Mitochondrial DNA), Chemical Analysis (Mass Spectrometry, Chromatography, and Spectroscopy), Biometric or Fingerprint Analysis, Firearm Analysis, Computer Forensics, Network Forensics, and Cloud Forensics; Location - Laboratory Forensics (LIMS) and Portable Forensics (FaaS)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”
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Advanced Wound Care Management Market Segments, Leading Player, Application & Forecast Analysis
Transparency Market Research (TMR) has published a new report titled, “Advanced Wound Care Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global advanced wound care management market was valued at US$ 8.5 Bn in 2016 and is projected to expand at a CAGR of 5.8% from 2018 to 2026. Surge in incidence of chronic wounds and trauma cases is anticipated to boost the demand for advanced wound care management during the forecast period. North America and Europe are projected to dominate the global advanced wound care management market owing to higher rate of adoption and awareness regarding wound care management. Asia Pacific, Latin America, and Middle East & Africa are potential markets for advanced wound care management. The market in Asia Pacific is expected to expand at a CAGR of 6.3% from 2018 to 2026.
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Cost-effective advanced wound care management to treat complex wounds to drive global market
Increase in trauma and accident cases across the globe drives the advanced wound care management market. According to the World Health Organization (WHO), road accidents account for around 1.25 million deaths across the globe each year. Additionally, the number of patients with chronic wounds is rising rapidly across the world. This is likely to increase the number of surgical procedures; consequently, propelling the global advanced wound care management market.
Chronic wounds to be highly lucrative segment
Chronic wounds is an emerging segment of the advanced wound care management market. In the chronic wounds segment, the ulcers sub-segment holds a prominent share. Venous leg ulcers account for 80% of all leg ulcers. Moreover, the chronic wounds segment is likely to hold major share due to high cost of therapy across the globe. As per a paper published by NCBI (National Center for Biotechnology Information), in May 2014, the annual burden of venous leg ulcers in the U.S. is nearly US$ 14.9 Bn, which includes indirect costs (productivity loss) as well. The diabetic foot ulcer sub-segment of the advanced wound care products market is expanding at a significant CAGR.
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Hospitals & clinics to be notably promising segment
In terms of end-user, the global advanced wound care management market has been segmented into hospitals & clinics, ambulatory surgical centers (ASCs), home health care, and others. The hospitals & clinics segment held major share of the global market in 2017. Expansion of the segment can be attributed to the availability of multiple service options and devices and tie-ups with health care companies in order to enhance health care product and service offerings. Moreover, hospitals are the preferred choice due to availability of advanced technology and better health care services. The home health care segment is expanding at a high growth rate, especially in developed economies, due to rise in geriatric population and increasing health care infrastructure and support. Moreover, rise in demand for advanced wound care management in home care settings for geriatric patients is projected to drive the segment.
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North America expected to dominate global market
In terms of region, the global advanced wound care management market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global advanced wound care management market in 2017. The market in North America was valued at US$ 3.2 Bn in 2017 owing to a highly developed health care sector, increase in awareness among health care providers about advanced wound care management, and continuous evolution of wound care management. Advanced wound care management market offers significant growth potential in the region. The advanced wound care management market in Asia Pacific is anticipated to expand at a CAGR of 6.3% during the forecast period due to increase in awareness about advanced wound care products and expansion of the health care sector in countries such as China, Japan, and India. Moreover, technological advancements and increase in rate of adoption of advanced wound care management products are expected to propel the market in the region during the forecast period.
Smith & Nephew plc, Acelity L.P., Inc. and Mölnlycke Health Care AB anticipated to lead global market
The global advanced wound care management market is highly fragmented in terms of number of players providing different products. Key players in the global advanced wound care management market include Smith & Nephew plc, Acelity L.P., Inc., Mölnlycke Health Care AB, ConvaTec Inc., B. Braun Melsungen AG, Coloplast A/S, 3M Healthcare, Integra LifeSciences Corporation, Cardinal Health, PAUL HARTMANN AG, BSN Medical, Hollister Incorporated, Organogenesis Inc., and Medline Industries, Inc. Expansion of product portfolio through mergers and acquisitions is a key strategy followed by several global players. In December 2015, Acelity L.P., Inc. announced the acquisition of Spiracur, Inc., expanding its offering in disposable, portable, mechanical NPWT (Negative-pressure wound therapy) technology, and allowing sales and service channels to boost the expansion of the SNaP therapy system to patients and their care teams across the world who need access to NPWT devices.
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Neuroscience Study Market - SWOT Analysis of Major Industry Segments
Global Neuroscience Market: Overview
The global neuroscience market is expected to witness a promising growth in the next few years. The rising level of competition among the leading players and the rising focus on the development of new products are likely to offer promising growth opportunities throughout the forecast period. The research study on the global neuroscience market offers a detailed overview, highlighting the key aspects that are expected to enhance the growth of the market in the near future. The key segmentation and the competitive landscape of the market have also been mentioned at length in the research study.
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Global Neuroscience Market: Key Trends
The rising trade of neuroscience consumables and devices for the diagnostics and imaging purpose of nervous system and brain is projected to encourage the growth of the global neuroscience market in the next few years. The function and structure of the nervous system and neurological disorders in several countries such as Russia and Poland is likely to enhance the growth of the overall market in the coming few years. Moreover, the rising awareness among consumers regarding to the benefits of advanced neuroscience devices, including combination of other imaging devices is projected to accelerate the growth of the global neuroscience market in the next few years.
Global Neuroscience Market: Market Potential
The rising government spending on the healthcare infrastructure, especially in developed regions is one of the major factors estimated to encourage the growth of the global neuroscience market in the next few years. The rising health spending in the U.S. is predicted to rise substantially, which is another key factor that is likely to enhance the market growth in the near future. In addition to this, the high adoption of new technologies and the rising spending on the research and development activities are expected to generate potential growth opportunities for the market players in the next few years.
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Global Neuroscience Market: Regional Outlook
Among the key regional segments, the Middle East and Africa is expected to hold a large share of the global neuroscience market in the next few years. The rapid development of the medical sector is predicted to enhance the growth of the Middle East and Africa market for neuroscience in the coming few years. Furthermore, Asia Pacific is estimated to witness a healthy growth in the coming years. The rising geriatric population and the rising incidences of CNS disorders are predicted to encourage the growth of the market in the near future. Europe and North America are estimated to observe a promising growth in the next few years.
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Global Neuroscience Market: Competitive Analysis
The global market for neuroscience is competitive in nature and is projected to witness a high level of competition among the key players in the next few years. The growing focus on the research and development activities and innovations is projected to support the growth of the overall market in the next few years. Moreover, the rising mergers and acquisitions and collaborations is likely to enhance the growth of the market in the near future. Some of the key players operating in the neuroscience market across the globe are Plexon Inc., Alpha Omega, Femtonics Ltd., Kendall Research Systems LLC, Doric Lenses Inc., Siemens Healthineers, GE Healthcare, Laserglow Technologies, Neuralynx, Thomas RECORDING GmbH, Mediso Ltd., TRIFOIL IMAGING, Prizmatix, and Neurotar.
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Psoriasis Treatment Market Segments, Leading Player, Application & Forecast Analysis
Psoriasis is an autoimmune condition and cannot be cured completely. The current treatment methods, to an extent, effectively work in controlling the disease. Hence, the opportunities for consumption remains worthy for players in the global psoriasis treatment market in the coming years. However, with time, companies would want to stay ahead in the league and hence are working on developing drugs that are more effective. The current drug pipeline appears to be promising and any launch in the next few years will have a significant impact on the growth of the global psoriasis treatment market.
Transparency Market Research has recently published a report on the global psoriasis treatment market. It states that the market is expected to grow at a decent rate of 5.10% CAGR during 2016 to 2024. The potential players in the global psoriasis treatment market include LEO Pharma, AbbVie, AstraZeneca, Pfizer, and Biogen.
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Rise in Psoriasis Cases to Favor Growth
The overall number of cases of psoriasis has steadily increased. While the incidence of the disease is on the rise due to several factors that trigger gene mutation such as pollution and lifestyle habits. At the same time, the general awareness among the public about the disease is considered to be the larger reason for the rise in number of cases. With internet and social media presence, healthcare organizations and governments have been able to conduct awareness campaigns that reach out to the people. As a result, people have realized the importance of early diagnosis and timely treatment for the disease. This has been one of the largest factors for growth in the global psoriasis treatment market.
While there has been general awareness among the public, governments across the world have taken initiatives to help people suffering from these conditions, especially in the rural areas. Consistent campaigns and efforts to ensure people from the rural and deeper areas where the access to healthcare is poor, has raised the demand for products in the global psoriasis treatment market.
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Favorable Healthcare System to Augment Growth in North America
Undoubtedly the developed healthcare system in North America, especially the United States, favors growth for the global psoriasis market. The regulated healthcare system coupled with organized policies that aid in diagnosing diseases and treating them on time have been of solid support to all healthcare markets. At the same time, the buzzing pharmaceutical business environment keeps the North American region sound for business. These aspects have a substantial impact on the growth of the global psoriasis treatment market.
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Besides North America, Europe and Asia Pacific will also remain important for players in the global psoriasis treatment market. Companies will be looking to explore business potential in new areas in the coming years to be able to expand and sustain in the business.
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Prefilled Syringes Market - Major Factors Driving the Industry
The global prefilled syringes market displays a fragmented vendor landscape with the presence of several mid-size and large players, says Transparency Market Research (TMR) in a new report. In this competitive market, savvy players are using improved materials to improve the quality of syringe, and to improve manufacturing processes that can help boost production volume, adds the report. In addition, the focus of these players is to monitor the production process, and make the necessary changes, so as to ensure the right amount of drugs are filled in syringes. Such initiatives are likely to help keen players make a mark in the global prefilled syringes market.
Top companies operating in the global prefilled syringes market are Stevanato Group, Baxter International, Unilife Corporation, West Pharmaceuticals, and Becton Dickinson & Co.
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According to the TMR report, the global prefilled syringes market is predicted to expand at a CAGR of 9.3% between 2016 and 2014 vis-à-vis revenue. Rising at this pace, the market is expected to be worth US$7.9 bn by 2026 from US$3.5 bn in 2015.
On the basis of application, vaccines is expected to lead the pack in the prefilled syringes market over the forecast period. In terms of geography, Europe is likely to maintain its key position in the prefilled syringes market. However, Asia Pacific is likely to exhibit a robust growth rate of 11.3% between 2016 and 2026.
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Need to complement Mainstream Medical Care with Alternate Care boosts Demand
Globally, due to the rising burden of chronic diseases, healthcare systems are seeking alternate ways to complement for patient care. Patients that have a set prescription for injections do not need every day monitoring, and can take the prescribed injections on their own. Prefilled syringes have the necessary drugs filled in the exact amount that are easy to use. Patients can use prefilled syringes on their own or can take help from a family member for parenteral administering the drug. Prefilled syringes are convenient, sterile, accurate, and affordable, which makes them suitable to be used by patients. Such offerings of prefilled syringes are boosting the prefilled syringes market.
In a medical emergency, prefilled syringes can help to save lives. In such situations, in the interim before medical care is administered, patients need not wait helplessly instead use prefilled syringes if advised by their doctor for such situations. Prefilled syringes with the exact amount of drug can work to prevent the condition from worsening. This stimulates the prefilled syringes market.
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Regulations to monitor Manufacturing Process, Material Specifications favors Market
Worldwide, stringent regulations monitor the manufacturing process and material used in the manufacture of injectable drug delivery devices such as prefilled syringes. Injectable drug delivery devices for both hospital use and home nursing need to be manufactured using permissible materials in strictly monitored environments. These materials need to satisfy free of contamination specifications, and need to be strong to prevent damage in the event of mishandling. Such requisites for the manufacture of injectable drug delivery devices in indirectly favoring the prefilled syringes market.
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Organ Transplant Immunosuppressant Drugs Market Key Players, Industry Overview and Forecast Analysis
The global organ transplant immunosuppressant drugs market depicts the presence of a highly consolidated vendor landscape, observes Transparency Market Research on the basis of a newly published report. Such a consolidated position mainly exists due to a handful of players working in the market as of current times. However, with new players entering the market on a regular basis, the vendor landscape is expected to become substantially fragmented in the next few years.
Participating in mergers & acquisitions, collaborations, and expanding product portfolios are key strategies implemented by most players working in the global organ transplant immunosuppressant drugs market. Many vendors face the risk of shutting down owing to expiry of drug patents they own. However, most of these companies are finding out alternatives such as coming up with new patents as well as focusing on extensive research and development to survive in the market. AbbVie, Inc., Astellas Pharma, Inc., Bristol Myers Squibb Company, F. Hoffmann-La Roche Ltd., Genzyme Corporation (Sanofi S.A.), GlaxoSmithKline plc, Janssen Pharmaceuticals, Inc., Novartis Pharmaceuticals Corporation, Pfizer, Inc., and Veloxis Pharmaceuticals A/S. are key companies operating in the global organ transplant immunosuppressant drugs market.
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Surge in Number of People Registering for Organ Donation Propels Market’s Growth
A dramatic rise in the prevalence of life-threatening diseases demands the use of strong drugs needed for organ transplant processes, consequently driving the global organ immunosuppressant drugs market. As the spread of chronic diseases grows, few highly advanced cases might need organ replacements and organ transplants. To carry out the relevant processes, a great need for immunosuppressant drugs might be needed, thereby pushing the market to attain extensive growth. A surge in the number of people registering for organ donations and replacements has occurred, thus broadening the scope for utilization of the organ transplant immunosuppressant drugs. Lastly, an increase in geriatric population has mushroomed the prevalence of serious diseases, which has led to a stage wherein organ replacement might be needed. Thus, such a rise in old-age population can surely be considered as a key factor driving the global immunosuppressant drugs market.
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High Costs of Surgeries Dampens Market’s Growth
However, high cost of organ replacement surgeries might discourage people from opting for the processes, thereby hindering the global organ transplant immunosuppressant drugs market’s growth. Some regions might exhibit a shortage of organs replacements, mainly due to low demand, or because of a low supply rate. These situations might mainly exist in remote and underdeveloped regions, consequently leading to a complete lack of immunosuppressant drugs, thus hindering the market. Lastly, other factors such as inadequate health insurance coverage and weak healthcare infrastructure might also hinder the global organ transplant immunosuppressant drugs market in terms of growth. Nevertheless, extensive efforts are being taken by key players to reduce costs and improve geographical reach, thus expected to offset the restraints in future.
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Contraceptives Market - SWOT Analysis of Major Industry Segments
The demand within the global market for contraceptives has been rising on account of the growing incidence of sexually transmitted diseases, finds Transparency Market Research (TMR). The competitive dynamics of the global market for contraceptives have drastically changed over the past decade. The key players have resorted to informative marketing practices in order to create a regular consumer base. There is a high possibility of new business practices coming to the fore of the global contraceptives market. Moreover, the presence of established vendors in the global market for contraceptives is a key consideration for newbie vendors as well.
It is expected that strategic alliances amongst large, medium, and small-scale vendors would be a common trend in the global contraceptives years to come. This will help the larger vendors in accessing the regional markets, while the smaller vendors could learn from the strategies of the established vendors. Furthermore, mergers and acquisitions are also projected to be a key trend in the global contraceptives market in the years to come. It is safe to prognosticate that new and more effective forms of contraceptives would be introduced by the vendors in the years to come. Some of the key vendors in the global contraceptives market are Allergan plc, Mankind Pharma, Janssen
Pharmaceutical Company, Mithra Pharmaceuticals, HLL Lifecare Limited, and C
ipla Inc.
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Transparency Market Research (TMR) finds that the global contraceptives market would expand at a healthy CAGR of 6.10% over the period between 2017 and 2025. The cumulative value of the global contraceptives market would reach US$ 37,242.7 mn by 2025-end, rising up from a value of US$ 22,050 mn in 2016. On the basis of product, the demand for oral contraceptives is on a rise in recent times. Based on geography, the market for contraceptive in North America is expanding at a stellar pace due to growing awareness about STDs in the US and Canada.
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Awareness Campaigns about STDs to Propel Demand
The rising incidence of sexually transmitted diseases has led national and international bodies to launch awareness campaigns. Several offline and online platforms have been leveraged to educate people about the need for using contraceptives. Hence, the demand within the global market for contraceptives is projected to escalate to new heights in the years to come. Furthermore, the availability of contraceptives such as condoms, vaginal rings, and pills across pharmacies has also aided market growth. Besides this, the presence of key vendors for producing various types of contraceptives has also aided market growth.
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Easy Availability of Contraceptive Devices to Propel Demand
The global market for contraceptives has expanded at a starry pace in recent times. The availability of several nascent contraceptives such as contraceptive sponges, vaginal rings, female condoms, and diaphragms has created commendable opportunities for growth within the global market. Furthermore, contraceptives are now available across a number of selling points including pharmacies, online platforms, clinics, and hospitals. This factor has also emerged as a crucial driver of demand within the global contraceptives market. Promotion of contraceptive-use across schools and colleges has also led to the growth of the global market.
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Advanced Wound Care Management Market Insight on the Important Factors and Trends Influencing the Industry
Transparency Market Research (TMR) has published a new report titled, “Advanced Wound Care Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global advanced wound care management market was valued at US$ 8.5 Bn in 2016 and is projected to expand at a CAGR of 5.8% from 2018 to 2026. Surge in incidence of chronic wounds and trauma cases is anticipated to boost the demand for advanced wound care management during the forecast period. North America and Europe are projected to dominate the global advanced wound care management market owing to higher rate of adoption and awareness regarding wound care management. Asia Pacific, Latin America, and Middle East & Africa are potential markets for advanced wound care management. The market in Asia Pacific is expected to expand at a CAGR of 6.3% from 2018 to 2026.
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Cost-effective advanced wound care management to treat complex wounds to drive global market
Increase in trauma and accident cases across the globe drives the advanced wound care management market. According to the World Health Organization (WHO), road accidents account for around 1.25 million deaths across the globe each year. Additionally, the number of patients with chronic wounds is rising rapidly across the world. This is likely to increase the number of surgical procedures; consequently, propelling the global advanced wound care management market.
Chronic wounds to be highly lucrative segment
Chronic wounds is an emerging segment of the advanced wound care management market. In the chronic wounds segment, the ulcers sub-segment holds a prominent share. Venous leg ulcers account for 80% of all leg ulcers. Moreover, the chronic wounds segment is likely to hold major share due to high cost of therapy across the globe. As per a paper published by NCBI (National Center for Biotechnology Information), in May 2014, the annual burden of venous leg ulcers in the U.S. is nearly US$ 14.9 Bn, which includes indirect costs (productivity loss) as well. The diabetic foot ulcer sub-segment of the advanced wound care products market is expanding at a significant CAGR.
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Hospitals & clinics to be notably promising segment
In terms of end-user, the global advanced wound care management market has been segmented into hospitals & clinics, ambulatory surgical centers (ASCs), home health care, and others. The hospitals & clinics segment held major share of the global market in 2017. Expansion of the segment can be attributed to the availability of multiple service options and devices and tie-ups with health care companies in order to enhance health care product and service offerings. Moreover, hospitals are the preferred choice due to availability of advanced technology and better health care services. The home health care segment is expanding at a high growth rate, especially in developed economies, due to rise in geriatric population and increasing health care infrastructure and support. Moreover, rise in demand for advanced wound care management in home care settings for geriatric patients is projected to drive the segment.
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North America expected to dominate global market
In terms of region, the global advanced wound care management market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global advanced wound care management market in 2017. The market in North America was valued at US$ 3.2 Bn in 2017 owing to a highly developed health care sector, increase in awareness among health care providers about advanced wound care management, and continuous evolution of wound care management. Advanced wound care management market offers significant growth potential in the region. The advanced wound care management market in Asia Pacific is anticipated to expand at a CAGR of 6.3% during the forecast period due to increase in awareness about advanced wound care products and expansion of the health care sector in countries such as China, Japan, and India. Moreover, technological advancements and increase in rate of adoption of advanced wound care management products are expected to propel the market in the region during the forecast period.
Smith & Nephew plc, Acelity L.P., Inc. and Mölnlycke Health Care AB anticipated to lead global market
The global advanced wound care management market is highly fragmented in terms of number of players providing different products. Key players in the global advanced wound care management market include Smith & Nephew plc, Acelity L.P., Inc., Mölnlycke Health Care AB, ConvaTec Inc., B. Braun Melsungen AG, Coloplast A/S, 3M Healthcare, Integra LifeSciences Corporation, Cardinal Health, PAUL HARTMANN AG, BSN Medical, Hollister Incorporated, Organogenesis Inc., and Medline Industries, Inc. Expansion of product portfolio through mergers and acquisitions is a key strategy followed by several global players. In December 2015, Acelity L.P., Inc. announced the acquisition of Spiracur, Inc., expanding its offering in disposable, portable, mechanical NPWT (Negative-pressure wound therapy) technology, and allowing sales and service channels to boost the expansion of the SNaP therapy system to patients and their care teams across the world who need access to NPWT devices.
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Forensic Technologies Market: Technological Growth Map with an Impact-Analysis
Transparency Market Research (TMR) observes the global forensic technologies market has highly competitive vendor landscape. Thanks to number of players operating in the global forensic technologies market, the players are experiencing intense competition. However, the market is dominated by the handful of the companies. Some of the prominent players operating in the market are SCIEX (Danaher Corporation), NMS Labs, Eurofins Medigenomix GmbH, and Forensic Pathway. These players are adopting the strategies such as mergers, acquisitions, and partnerships for improving the global presence and product portfolio.
A report from TMR estimates, the global forensic technologies market valued at US$39.6 bn in 2016, and is projected to attain value of US$80.7 bn by the end of 2025. The market is expected to expand with a CAGR of 8.3% over the forecast period from 2017 to 2025. Based on services, the chemical analysis segment dominated the market and is expected to continue its dominance over the forecast period. Based on location, the laboratory forensics segment accounted for the leading share in the global market for forensic technologies. Based on region, the market in North America dominated the global market and is projected to remain dominant by attaining value of US$39.3 bn by the end of 2025.
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Growing Crime Rate to Create Need for Advanced Forensic Technologies
Growing global crime rate is creating need for the better and advanced forensic technologies across the industries such as banking, medicine, and telecommunications. Additionally, growing advancement in the forensic technologies is experiencing high adoption of these technologies, which is propelling growth of the global forensic technologies market. Additionally, growing focus and research activities in the DNA sequencing area coupled with automated fingerprint identification and facial reconstruction is fuelling adoption of forensic technologies market.
Growing investment by government and numerous supportive reimbursement policies is supporting growth of the market. In addition, widening applications of forensic technologies across numerous end use industries is boosting growth of the market.
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High Cost of Forensic Technologies to Limit Adoption across Emerging Economies
Despite these growth prospects, the high costs of technology coupled with requirement of highly skilled operator is limiting growth of the global forensic technologies market. Additionally, emerging economies are not willing to adopt new technologies due to its high cost and high investment, which is again posing as a challenge to the growth of the forensic technologies market. Moreover, the administrative limitations in wide-ranging industries are creating obstacles for the growth of the forensic technologies market. Nonetheless, growing cases that require support from advanced forensic technology is creating lucrative opportunities for growth in the upcoming years.
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This information is encompassed in the new report by TMR, titled “Forensic Technologies Market (Services - DNA Profiling (PCR, Y- STR, RFLP, and Mitochondrial DNA), Chemical Analysis (Mass Spectrometry, Chromatography, and Spectroscopy), Biometric or Fingerprint Analysis, Firearm Analysis, Computer Forensics, Network Forensics, and Cloud Forensics; Location - Laboratory Forensics (LIMS) and Portable Forensics (FaaS)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”
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Stem Cells Market: Pin-Point Analysis for Changing Competitive Dynamics
In the global stem cells market a sizeable proportion of companies are trying to garner investments from organizations based overseas. This is one of the strategies leveraged by them to grow their market share. Further, they are also forging partnerships with pharmaceutical organizations to up revenues.
In addition, companies in the global stem cells market are pouring money into expansion through multidisciplinary and multi-sector collaboration for large scale production of high quality pluripotent and differentiated cells. The market, at present, is characterized by a diverse product portfolio, which is expected to up competition, and eventually growth in the market.
Some of the key players operating in the global stem cells market are STEMCELL Technologies Inc., Astellas Pharma Inc., Cellular Engineering Technologies Inc., BioTime Inc., Takara Bio Inc., U.S. Stem Cell, Inc., BrainStorm Cell Therapeutics Inc., Cytori Therapeutics, Inc., Osiris Therapeutics, Inc., and Caladrius Biosciences, Inc.
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As per a report by Transparency Market Research, the global market for stem cells is expected to register a healthy CAGR of 13.8% during the period from 2017 to 2025 to become worth US$270.5 bn by 2025.
Depending upon the type of products, the global stem cell market can be divided into adult stem cells, human embryonic stem cells, induced pluripotent stem cells, etc. Of them, the segment of adult stem cells accounts for a leading share in the market. This is because of their ability to generate trillions of specialized cells which may lower the risks of rejection and repair tissue damage.
Depending upon geography, the key segments of the global stem cells market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. At present, North America dominates the market because of the substantial investments in the field, impressive economic growth, rising instances of target chronic diseases, and technological progress. As per the TMR report, the market in North America will likely retain its dominant share in the near future to become worth US$167.33 bn by 2025.
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Investments in Research Drives Market
Constant thrust on research to broaden the utility scope of associated products is at the forefront of driving growth in the global stem cells market. Such research projects have generated various possibilities of different clinical applications of these cells, to usher in new treatments for diseases. Since cellular therapies are considered the next major step in transforming healthcare, companies are expanding their cellular therapy portfolio to include a range of ailments such as Parkinson's disease, type 1 diabetes, spinal cord injury, Alzheimer's disease, etc.
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“The growing prevalence of chronic diseases and increasing investments of pharmaceutical and biopharmaceutical companies in stem cell research are the key driving factors for the stem cells therapeutics market. The growing number of stem cell donors, improved stem cell banking facilities, and increasing research and development are other crucial factors serving to propel the market,” explains the lead analyst of the report.
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Peripheral Intravenous Catheters Market Will Generate New Growth Opportunities in Upcoming Year
Global Peripheral Intravenous Catheter Market: Overview
A small tube placed into peripheral vein in order to administer medication directly into the circulation is known as a peripheral intravenous (IV) catheter. In addition to medication administration, peripheral intravenous (IV) catheters are used to withdraw blood from veins for testing. Advanced peripheral intravenous (IV) catheters are equipped with additional safety features to avoid needlestick injuries. Due to their direct contact with the circulatory system, peripheral intravenous (IV) catheters are prepared with non irritant material such as silicone, which do not have side effects even when peripheral intravenous catheters are left in contact with the circulatory system for several months or weeks.
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Global Peripheral Intravenous Catheter Market: Drivers and Restraints
Peripheral intravenous (IV) catheters are commonly used for vascular access. Medicine administered through a peripheral intravenous (IV) catheter enters directly into the blood flow and thus shows rapid action. With the advantage of rapid action, peripheral intravenous (IV) catheters are commonly used in emergency patients, surgical patients and patients suffering from vomiting, pediatric patients, unconscious patients and the elderly population, who face difficulty in swallowing medicines.
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Factors such as aging of population and advancement in surgical and treatment technologies resulting in increased surgical procedures are driving the global peripheral intravenous (IV) catheters market towards growth. On the other hand, factors such as high cost of closed catheters, painful insertion and need of trained medical professional to use peripheral intravenous (IV) catheters are restraining the growth of the global peripheral intravenous (IV) catheters market. Based on the type of catheters commercially available, the global peripheral intravenous (IV) catheters market is segmented as follows:
- Integrated/Closed catheters
- Peripheral insertion catheters
Use of integrated/closed intravenous (IV) catheters is rapidly increasing over conventional intravenous (IV) catheters due to capacity of integrated catheters to apply power while injecting medicine in the circulation. Integrated intravenous (IV) catheters are used for injecting contrast media into the circulation system prior to computed tomography (CT) imaging. On the other hand, high cost of the integrated peripheral intravenous (IV) catheters is restraining the growth of integrated peripheral intravenous (IV) catheters market in economically backward markets.
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Global Peripheral Intravenous Catheter Market: Regional Dynamics
Geographically, the global peripheral intravenous (IV) catheters market is segmented into North America, Europe, Asia-Pacific and Rest of the world (ROW). Currently, North America is leading the global peripheral intravenous (IV) catheters market and is followed by Europe. Factors such as existence of a large pool of geriatric population, highly developed healthcare infrastructure, high healthcare spending and advancement in technology resulting in higher rates of surgical procedures in this region are boosting the growth of the peripheral intravenous (IV) catheters market in these regions.
Asia-Pacific is the fastest growing market for peripheral intravenous (IV) catheters due to increasing disposable income, rapidly improving healthcare infrastructure and rapidly growing medical tourism industry in this region. In addition, countries such as China and India have the largest population pool in the world and thus the large geriatric population of both the countries will lead to an increasing patient population in the near future. Some of the players contributing to the peripheral intravenous (IV) catheters market include Terumo Corporation, B. Braun Melsungen AG, Smiths Medical, Becton, Dickenson and Co., Teleflex Inc., C.R. Bard Inc., Tangent Medical Technologies, Vygon SA, Argon Medical Devices Inc., Vascular Pathways Inc., Medical Components Inc. and VIGMED AB.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Robotic Rehabilitation and Assistive Technologies Market Size, Share, Growth Trends, and Forecast Analysis
A new Transparency market Research report predicts that global robotic rehabilitation and assistive technologies market is projected to witness a substantial growth from 2017 to 2025. According to the experts at Transparency Market Research the market is anticipated to witness a whopping 13.1% during the projected tenure. According to the experts the global robotic rehabilitation and assistive technologies market is growing due the growing number of people approaching to rehab centers. As a result the demand for solutions and equipments to perform surgeries that can help rehabilitation, which is the major reason or the growth of the market.
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Nascent Market to Present Huge Potential for the Players
Currently the global robotic rehabilitation and assistive technologies market is at its nascent stage. This means the market is new and has huge growth potential. Though new, the robotic rehabilitation and assistive technologies market is highly fragmented. That implies there are several players that are contributing to forward momentum of the global robotic rehabilitation and assistive technologies market. According to the experts at Transparency Market Research, the market shall reach to the value of US$ 2.3 bn by the end of 2025.
Though the mart is new, this means the competition is quit tough in the global robotic rehabilitation and assistive technologies market. The new players are involving in several mergers and collaborations. These strategies aim to provide the new players with the essential resources for their sustainability in the global robotic rehabilitation and assistive technologies market.
Moreover, the established players of the Robotic Rehabilitation and Assistive Technologies Market are acquiring several small and medium scale businesses to maintain their dominance in the market. With the help of this strategy, the veterans of global robotic rehabilitation and assistive technologies market are looking forward to acquire a competitive edge over their rivals and progress in global market of robotic rehabilitation and assistive technologies.
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Technological Developments Plays a Pivotal Role in the Growth of the Market
Technology resides in the core of the global robotic rehabilitation and assistive technologies market. This adoption of new technologies by healthcare sector to improve the infrastructure across the globe is also a major reason that is propelling the growth of global robotic rehabilitation and assistive technologies market from 2017 to 2025.
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North America Emerges Dominant
Due to improving healthcare infrastructure in the U.S. and Canada, the rehab technologies are in high demand in these countries. Due to this reasons the players of global robotic rehabilitation and assistive technologies market are focusing their operations in the North America. This as a result is supporting North America to emerge as a dominant region of the global robotic rehabilitation and assistive technologies market during the tenure of 2017 to 2025.
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Healthcare Mobility Solutions Market Key Manufacturers, Development Trends and Competitive Analysis
Transparency Market Research (TMR) has recently published its report on global healthcare mobility solutions market. According to this report, increasing demands and developments of medical requirements, shall promote the growth of healthcare mobility solutions market in forecast period from 2015 to 2023. TMR estimated that the growth will be the result of growing medical requirements in various regions across the globe.
Also the very objective of health mobility solutions to optimum healthcare solutions to the patients in least possible time will act as one of the growth driving factor for this market. The report features various fragmentation of the market with presence of various small, medium and large players of global healthcare mobility solution market. These organizations are engaging themselves in business strategies such as partnerships and collaborations so as to advance in such intense competition. Some of the key contributors of global healthcare mobility solutions market are; Cisco Systems, AT&T Inc., Koninklijke Philips N.V., and Mckesson Corporation.
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TMR’s report shows a CAGR growth of astonishing 25.50% of global healthcare mobility solutions market from 2015 to 2023. In terms of revenue the market is going to reach to worth US$ 148.66 billion by 2023 from US$ 20.13 billion in 2014.
After analyzing various segments of healthcare mobility solutions, the TMR report projects a swift growth of CAGR 25.2% in application segment of global healthcare mobility solution in the forecast period. This shall be attributed to spontaneous growth in the usage of tablets, smartphones, and other PDAs recently. Another factor that drives the growth of application segment of healthcare mobility solutions market shall be the abundant emergence of smartphones. Owing to its convenience to carry, affordability, and capability to exchange information in a streamline manner, smartphones shall elevate the application segment of healthcare mobility solution market.
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TMR also analyzed healthcare mobility solution market geographically. The report exhibits a detailed geographical study of the market explaining which sector shall excel more than others. The study shows that region of Asia Pacific is projected show unprecedented growth rate with a CAGR of 25.8% from 2015 to 2023. The growth is expected to be the result of various government initiative to adopt e-health solutions in multiple countries.
Frequent Technological Advancements Fuels the Growth of the Market
When enterprise mobility solution hit the market, healthcare industry was one of its earliest embracers. It was also amongst first few to implement and get benefited from mobile applications and mobile devices. With the increasing utilization of the mobile technology applications in healthcare sector is projected to assist the growth of global healthcare mobility solutions market. Substantial changes in patient care services is also drawing traction for the market. Finally, rising appeal of quality, precise, less time consuming and ever connected healthcare service is one the most compelling factor that shall drive growth of global healthcare mobility solutions market.
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Connected Apps Tend to Create Ample Opportunities for the Players
Smart and internet enabled mobile apps allow the patient to get in touch with doctor instantly. Owing to rising health concerns across the globe, the healthcare mobility solutions market has a huge opportunity to grow during the forecast period. Smart healthcare mobility solutions allow doctors and patient to monitor their health and exchange reports in a hassle-free manner. This advantage makes healthcare mobility solutions market to strengthen its position during forecast period. Although high cost involved in research and development of these solutions can hamper the growth slightly. However, developers are looking forward to develop technologies that can reduce the cost of development and implementation of these solution. This in turn will help global healthcare mobility solutions market to reach respective growth target.
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High Potency Active Pharmaceutical Ingredient (HPAPI) Market Size, Share, Trend and Industry Analysis Report
Transparency Market Research (TMR) has published a new report titled, ‘High Potency Active Pharmaceutical Ingredients (HPAPI) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global High Potency Active Pharmaceutical Ingredients (HPAPI) market was valued at US$ 17.46 Bn in 2018 and is projected to expand at a CAGR of over 8.7% from 2019 to 2027.
Overview
- High-potency active pharmaceutical ingredients (HPAPIs) are a niche but growing area for pharmaceutical manufacturers and contract manufacturing organizations (CMOs). Specialized considerations in facility design, equipment, operation, and process safety are needed to achieve the desired level of containment of the drug substance or finished-drug product. For drug-substance manufacturing, the HPAPI may be a small-molecule, biologic, or a hybrid of the two such as an antibody–drug conjugate, which links a cytotoxic small-molecule to a monoclonal antibody.
- High potency active pharmaceutical ingredients (HPAPI) form a significant proportion of new drugs under development. Production of HPAPI presents various challenges due to its cytotoxic nature; thus, it requires heavy investment to ensure safe environment for employees. Contract manufacturing of HPAPI has been preferred over captive production due to high degree of competition and reduced profitability. Contract manufacturing is also preferred due to geographical advantage and cost-effectiveness.
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- North America dominate the global High Potency Active Pharmaceutical Ingredients (HPAPI) market in 2019 and the trend is anticipated to continue during the forecast period. High demand for biological HPAPI, technological development in the pharmaceutical industry, and large number of manufacturing facilities are major factors driving the market growth in these regions.
- Asia Pacific is likely to be a highly lucrative region for the High Potency Active Pharmaceutical Ingredients (HPAPI) market and is expected to expand at a high CAGR during the forecast period due to rising focus on contract manufacturing and contract research organizations. Low labor cost, well-equipped manufacturing plants, and favorable foreign exchange policies in countries such as China have created lucrative opportunities for outsourcing businesses. Additionally, pharmaceutical manufacturers are currently focusing on countries in Latin America for contract manufacturing.
Growing preference for outsourcing of HPAPI manufacturing and Patent expiry of blockbuster drugs to Drive Global High Potency Active Pharmaceutical Ingredients (HPAPI) Market
- Pharmaceutical companies started to expand geographical boundaries, they started experiencing shortage of HPAPIs. Furthermore, increasing cost of drug development and commercialization added to the financial burden. With developing regulatory and legal framework, outsourcing proved to be the most optimal option for HPAPI manufacturing.
- Patent expiry and subsequent launch of generic versions is a lucrative opportunity for pharmaceutical companies to expand product portfolio and tap profitable market segments in this technology driven market.
- Various biosimilars have been approved in Europe, while the U.S. FDA has approved only one biosimilar to date. Increase in research and development activities and constant attempts toward mimicking branded biological drugs would pave the way for introduction of cost-effective treatment alternatives.
- Various blockbuster drugs are expected to loose patent protection in the near future, providing large opportunities in the biosimilars market. Avastin (bevacizumab), Herceptin (trastuzumab), Synagis (palivizumab), Erbitux (cetuximab), Humira (adalimumab), Remicade (infliximab), and Rituxan (rituximab) are some of the major drugs going off patent in the near future.
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Synthetic Segment to Dominate High Potency Active Pharmaceutical Ingredients (HPAPI) Market
- In terms of API type, the global High Potency Active Pharmaceutical Ingredients (HPAPI) market has been segmented into Synthetic, Biological.
- Synthetic segment dominated the global High Potency Active Pharmaceutical Ingredients (HPAPI) market in 2018 and the trend is projected to continue during the forecast period. Numerous drugs consisting synthetic HPAPI are slated to go off patent in the near future. This would unlock a huge market opportunity for generic drug manufacturers, resulting in augmented demand for synthetic HPAPIs.
- Majority of the biologics are manufactured in-house due to intellectual property concerns and quality issues. However, the manufacture of biological HPAPIs is becoming an increasingly complex and challenging process. Hence, innovator companies are outsourcing to contract manufacturers with biological production expertise.
Captive Segment Hold a Major Share of Global High Potency Active Pharmaceutical Ingredients (HPAPI) Market
- In terms of manufacture type, the global High Potency Active Pharmaceutical Ingredients (HPAPI) market has been classified into captive and contract
- The captive segment is likely to dominate the High Potency Active Pharmaceutical Ingredients (HPAPI) market during the forecast period. High potency active pharmaceutical ingredients (APIs) are manufactured either in-house (captive) by the innovator/formulator company, or outsourced to contract manufacturing organizations. In-house or captive facility is preferred by most companies in case of exclusive drugs or when the production is limited to a specific geography.
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Branded Segment to Dominate Global High Potency Active Pharmaceutical Ingredients (HPAPI) Market
- Based on drug type, the global High Potency Active Pharmaceutical Ingredients (HPAPI) market has been segmented into branded and generic
- Branded HPAPIs, which account for the larger share of the global HPAPI market, are expected to witness continued growth, albeit at a slower pace than the generic HPAPIs market
Oncology drugs Segment to Dominate Global High Potency Active Pharmaceutical Ingredients (HPAPI) Market
- Based on therapeutic application, the global High Potency Active Pharmaceutical Ingredients (HPAPI) market has been segmented into oncology drugs, anti-diabetic drugs, cardiovascular drugs, CNS drugs, musculoskeletal drugs and other drugs
- The oncology drugs segment witnessed a steep rise in the introduction of innovative therapeutic options. Antibody-drug conjugates, monoclonal antibodies, and cytotoxic drugs account for the largest share and are considered to be the key drivers of the high potency active pharmaceutical ingredients (HPAPI) market. Patent expiry of blockbuster drugs such as Herceptin, Humira, and Rituxan has unlocked immense opportunities for generic HPAPI manufacturers.
North America to Dominate Global High Potency Active Pharmaceutical Ingredients (HPAPI) Market
- In terms of region, the global High Potency Active Pharmaceutical Ingredients (HPAPI) market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global High Potency Active Pharmaceutical Ingredients (HPAPI) market in 2018, followed by Europe.
- North America accounted for major share of the global High Potency Active Pharmaceutical Ingredients (HPAPI) market in 2018. Demand for biological HPAPIs is high in North America, as technological developments in the pharmaceutical industry are paving the way for newer biotechnology drugs. Furthermore, biologics have replaced synthetic drugs as the top selling drugs in North America. Leading pharmaceutical companies also own manufacturing facilities in the region.
- The High Potency Active Pharmaceutical Ingredients (HPAPI) market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. Well-equipped manufacturing plants, low labor costs, and favorable foreign exchange policies are the major factors driving outsourcing business to Asia Pacific.
Competitive Landscape
- The global High Potency Active Pharmaceutical Ingredients (HPAPI) market is fragmented in terms of number of players. Key players in the global High Potency Active Pharmaceutical Ingredients (HPAPI) market include Alkermes plc, Cambrex Corporation, Dr. Reddy's Laboratories, Lonza Group, Novasep, Novartis AG, Pfizer, Sigma-Aldrich Co. LLC., WuXi AppTec, Bristol-Myers Squibb, F. Hoffmann-La Roche, Teva Pharmaceutical Industries, Eli Lilly and Company, Abbvie.
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