Pharmaceutical Market - Global Industry Growth, New Opportunities and Forecast – 2030

Pharmaceutical Market 2021

The author of the report analyzed that the global pharmaceutical market accounted for US$ 1350.29 billion in 2017. Chronic conditions such as diabetes, depression, asthma and hypertension are increasing. The companies use FDA-regulated information to inform physicians and patients about new medicines in advance of a prescribing decision. Direct-to-consumer advertising also help in increasing the demand for a particular drug.

Growth opportunities for pharma companies are expected to increase in next few years, as many drugs are going off-patent in the US and other countries, which is increasing competition. Digital Health Knowledge Resources, Electronic Medical Record, Mobile Healthcare, Electronic Health Record, Hospital Information System and PRACTO are some of the technologies gaining wide acceptance in the sector. Pharmaceutical market is facing unprecedented challenges caused by slower sales growth, shorter product life cycles, tighter regulations, expiring patents, increasing competition from generics, adverse media coverage and reputational damage, and a decline in the number of new innovative drugs under development. However, due to increasing population and income levels, demand for high-end drugs is expected to rise.

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Major Key Players:

Some of the key participants in global market are Abbott, AbbVie Inc., Albemarle Corporation, AstraZeneca, Aurobindo Pharma, Baxter, Bayer AG, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Lupin Pharmaceuticals, Inc, Merck & Co., Inc, Novartis AG, Pfizer, Inc., Sanofi and Teva Pharmaceutical Industries Ltd. 

Key findings of the report:

Among the drug type, prescription drug is a dominant segment holding the largest market share. Existence of government-protected “monopoly” rights for drug manufacturers is driving the prescription drugs. In 2015, the US pharmaceutical industry spent $5.2 billion on advertising prescription drugs directly to consumers.

This sector is characterized by an extensive Research and Development (R&D) infrastructure and a comprehensive talent pool. It has an appropriate scientific regulatory system, and an advanced environment for fostering investments in new drug discovery and development. In the United States, R&D investments of the companies have grown consistently over the past 15 years. The U.S. pharmaceutical market is the world’s most important national market with a number of top global companies from the United States.

Market Segmentation

Pharmaceutical Market – By API Type  

Synthetic API

Biotech API

Pharmaceutical Market – By Drug Type

Prescription Drugs

OTC Drugs 

Market By Customer Base Type

Generic Drugs

Branded Drugs

Pharmaceutical Market – By Application Type

Oncology

Cardiovascular Disease

Diabetes

Central Nervous System and Neurological Disorders

Endocrinology

Gastrointestinal Disorders

Nephrology

Ophthalmology

Others

Market By Region

North America

U.S.

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

Southeast Asia

Rest of Asia Pacific

Middle East and Africa

GCC Countries

Southern Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

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Smart Grid IT Systems Market: Industry Analysis, Opportunity and Forecast to 2030

Smart Grid IT Systems Market 2021

The Smart Grid IT Systems Market is expected to grow from $ 24 billion in 2019 to $ 61.7 billion in 2023, and CAGR is expected to be +21%

Just like Technology, Electricity has become a very important part of our daily life because it is used to operate many electronics devices from our homes to offices and hospitals and manufacturing industries. Due to its usage, it is very important to keep its availability as high as possible and it should be used in the most efficient way because its resources are limited.

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Major Key Players:

The major key players of Smart Grid IT Systems Market offering smart grids are GE , ABB , Siemens, Schneider Electric, Itron, Landis+Gyr, Aclara, Cisco,  OSI, IBM , Wipro , Honeywell, Oracle, S&C Electric Company, Eaton , Kamstrup, Trilliant Holdings, Globema, Tech Mahindra, Enel X North America ,eSmart Systems, Tanatalus, EsyaSoft, Grid4C, and C3 Energy.

Key findings of the report:

Load handling: The power grid load / total sum is not stable and it varies with time. In the case of heavy load, a smart grid system can advise consumers to temporarily reduce energy consumption.

Demand Response Support: Provides an automatic way for users to reduce their electricity bills.

Decentralization of power generation: A distributed or decentralized grid system allows the user to generate onsite power by applying any suitable method.

Also, the high cost of smart grid upgrades is expected to have a significant impact on the growth of the Smart Grid IT Systems Market during the forecast period.

Market Segmentation

Market – By Software  

Advance Metering Infrastructure (AMI)

Smart Grid Distribution Management

Smart Grid Communication

Grid Asset Management

Substation Automation

Billing and Customer Information System

Smart Grid IT Systems Market – By Hardware

AMI meter

Sensors

Networking hardware

Programmable Logic Controller (PLC)

Market By Service

Consulting

Deployment and integration

Support and maintenance

Smart Grid IT Systems Market By Region

North America

U.S.

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

Southeast Asia

Rest of Asia Pacific

Middle East and Africa

GCC Countries

Southern Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

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Stem Cell Banking Market, Get Market Research, Business Risk & Industry Analysis Reports 2030

Stem Cell Banking Market 2021

Stem cell banking offers people, an opportunity to have their cells cryogenically frozen at a time when they are perfectly healthy. The cells can be stored and kept safely for decades. Years later, people can use those cells at the time of requirement which can be during old age. Today as the medical science progresses, processes regarding stem cell collection and safe-keeping are safe, non-invasive and risk free. In the coming years, stem cell therapies can benefit many people. Hence, the market stem cell banking is growing.

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Major Key Players:

Some of the major players operating in the global Stem Cell Banking Market are CBR Systems, Inc., Cell Care, CHA Biotech, CordBank New Zealand, Cordlife, Cryo-Cell, CryoHoldco, Cryoviva India, CSG-BIO, Global Cord Blood Corporation., LifeCell International Pvt. Ltd., ReeLabs Pvt. Ltd., Regrow Biosciences Pvt Ltd., Smart Cells International Ltd., Stem Med Pte Ltd, StemCyte, ViaCord and Vita 34 Inc. amongst others.

Key findings of the report:

The global Stem Cell Banking Market is anticipated to reach US$ 15089.64 Mn by 2029 growing at a CAGR of 10% during the forecast period (2021-2029).

Umbilical cord accounted for the largest source in the global Stem Cell Banking Market in 2020. Cord blood stem cells can be used in therapies and transplants to treat over 85 ailments that include anaemias (different types), bone marrow cancer, leukaemias (different types), and lymphomas. More than 5,000 clinical trials are using stem cell therapies today.

In the context of medical condition, higher market share in the global Stem Cell Banking Market was held by cancer (leukaemias, lymphomas, etc.) in 2020. Stem cells can be used for the treatment of different types of cancer such as acute biphenotypic leukemia, acute lymphoblastic leukemia, acute myelogenous leukemia, acute undifferentiated leukemia, chronic myelogenous leukemia, chronic lymphocytic leukemia, juvenile myelomonocytic leukemia, and juvenile chronic myelogenous leukemia. In regenerative medicine, the use of stem cells has been in vogue for a long time. It is very common in the field of dermatology.

Considering the applications segment, the disease treatment & tissue regeneration segment occupied the largest market share in 2020. Stem cells that are used in disease treatment & tissue regeneration have the potential to treat various medical conditions including different types of blood cancers. They can also treat various disorders such as genetic disorders, immunity-related disorders, and metabolic disorders. The US FDA has approved the use of cord blood stem cells for the treatment of 80 diseases. Through replacement and repair approaches, stem cells are used in many medicine. Regarding tissue regeneration, stem cells can be used for repairing and restoring the damaged tissues or organs. This treatment is helpful in case of severe injuries and chronic diseases. Such stem cells can generate healthy cells that can replace diseased cells.

In 2020, North America dominated the global Stem Cell Banking Market. Advanced medical research being carried out in many biology-based scientific institutions in USA and Canada is aiding the region’s growth in the global market. Developed medical sector, presence of key market players, technological advancement aiding medical research, and higher investment in medical research are some other major factors that contributed to the market growth in this region.

Market Segmentation

By Service Type

Storage 

Testing and Processing

Collection 

By Source

Umbilical Cord 

Placenta

Amniotic Fluid

Bone Marrow

Others

By Medical Condition

Cancer (Leukaemias, Lymphomas, Etc.)

Non Malignant Blood Disorders (Anaemias, Hereditary Bone Marrow Failure Syndromes, Etc.)

Immune Disorder (Severe Combined Immune Deficiency (SCID), Inherited Immune System Disorders, etc.)

Metabolic Disorders (Leukodystrophy Disorders, Mucopolysaccharidosis (MPS) Storage Diseases, Etc.)

Others

By Application

Disease Treatment & Tissue Regeneration

Clinical Research

Personalized Banking Applications

By Region

North America

U.S.

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

.…

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Clinical Nutrition Market - Global Industry Analysis by Size, Share and Forecast 2021 – 2030

 Clinical Nutrition Market 2021

Global Clinical Nutrition Market is Anticipated to Grow at A CAGR of 7.6% From 2019 to 2027 and Reach US$ 98,520.0 Million by 2027, Due to Rising Incidence of Chronic Diseases

Growing rates of chronic diseases in developed as well as developing countries is expected to drive the global Clinical Nutrition Market. The Clinical Nutrition Market is estimated to reach a market value of US$ 55,014.4 million in 2019 and it is expected to reach US$ 98,520.0 million by 2027, growing at an estimated CAGR of 7.6% over the forecast period.

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Major Key Players:

Key industry participants in global Clinical Nutrition Market are Fresenius Kabi, Abbott Laboratories, B.Braun, Baxter, Danone, Mead Johnson, Nestle, Perrigo among others.

Key findings of the report:

Clinical Nutrition Market segment held more than 50% of market share in 2018 and is estimated to grow at CAGR of above 9% during the forecast period. Infant nutrition market growth is attributed to increasing adoption of milk formulas in developing countries. A large proportion of demand for infant products comes from China.

The parenteral nutrition market valued over US$ 5 billion in 2018 and is estimated to grow with CAGR of above 10% over the projection timeframe, owing to the need to provide nutrition to patients with enfeebling diseases and growing geriatric population base. Population suffering from short bowel syndrome, ischemic bowel diseases and GI track disorders are major consumer of paternal nutritional products.

Population suffering from such diseases require continuous administration of external nutritional fluids. More incidences of these disease will result in more demand for parenteral nutrition.

Children Clinical Nutrition Market held the largest share in the total industry valuation. Consumption of infant nutrition largely attributes to children nutrition dominance in the industry; moreover, disease or disorder specific nutrition for children also contributes to market growth.

Asia pacific Clinical Nutrition Market held the largest market share in the industry. Presence of large geriatric population, high and increasing birth rates and improving lifestyle and income will drive industry growth in this region. As estimated, the market should grow with a CAGR of over 10% over the forecast period.

Market Segmentation

By Product

Infant nutrition

Milk formulas

Soy formulas

Organic formulas

Others

Enteral Nutrition

Standard composition

Disease specific composition

Parenteral nutrition

Amino acids

Fats

Carbohydrates

Others

Clinical Nutrition Market By Consumer

Children

Adult 

Clinical Nutrition Market By Geography

North America

U.S.

Canada

Mexico

Rest of North America

Europe

France

UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Norway

Sweden

Benelux Union

Belgium

The Netherlands

Luxemburg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia)

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East and Africa

Latin America

Brazil

Argentina

Rest of Latin America

.…

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Recurring Payments Market 2021: Size, Share, Analysis and Forecast-2030

 Recurring Payments Market 2021

An erudite analysis of global Recurring Payments Market has been recently added by Absolute Markets Insights to its comprehensive repository. The market study report is inclusive of present market scenarios, historical records, and future predictions. An accurate data of several market aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers. Moreover, the study provides a 360-degree overview of the competitive landscape of the industries. The report thus helps companies to gauge the threats and challenges faced by businesses.

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Major Key Players:

The major players operating in the market include Adelante, Adyen, Aria Systems, Inc., CHARGEBEE INC., Clover Network, Inc., Elavon Financial Services DAC, Nuvei, Square, Inc., Stripe, Vindicia, Inc., Visa (CyberSource), Worldline, Zoho Corporation Pvt. Ltd., ARVATO INFOSCORE GMBH and other market participants.

Key findings of the report:

The solutions segment will have a dominant position in the market, streaming providers are the major end users of these solutions. The market is witnessing a huge growth due to increased focus of consumers towards recurring payment models.

North America region will see a huge growth in recurring payments over the forecast period, United States will see a huge growth in the adoption of recurring payment solutions by various industry verticals. The adoption of these payment solutions by the entertainment industry has increased a lot and this trend will continue in the years to come.

Market Segmentation

By Offerings

Solutions

Services

By Organization Size

Small and Medium Sized Enterprises

Large Enterprises

By Industry Verticals

IT and Telecommunications

Banking, Financial Services and Insurance (BFSI)

Retail and Consumer Goods

Healthcare

Travel and Hospitality

Energy and Utilities

Others

By Geography

North America

U.S

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America 

.…

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Hospital Outsourcing Market by Type, Share, Application and Forecast Till 2030

 Hospital Outsourcing Market 2021

Global Hospital Outsourcing Market is expected to Grow at a CAGR of 12.28% Over the Forecast Period, Owing to the Increase in Number of Cost Saving Initiatives without Compromising on Service Quality amongst the Healthcare Facilities, says Absolute Markets Insights

An erudite analysis of global Hospital Outsourcing Market has been recently added by Absolute Markets Insights to its comprehensive repository. The market study report is inclusive of present market scenarios, historical records, and future predictions. An accurate data of several market aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers. Moreover, the study provides a 360-degree overview of the competitive landscape of the industries. The report thus helps companies to gauge the threats and challenges faced by businesses.

Outsourcing is emerging as a prominent strategy for controlling the costs incurred for providing services such as catering, revenue management, IT management, etc., amongst the healthcare facilities. A third-party contractor is given the responsibility of managing non-core services in the healthcare industry. As the contractor specializes in these services, the costs can be reduced considerably without the reduction in service quality. These factors are leading to the growth of the global hospital outsourcing market

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Major Key Players:

Some of the players operating in the hospital outsourcing market are 3M,  ABM,  ACC Medlink, AdvantEdge Healthcare Solutions,  Allscripts Healthcare, LLC,  Apollo Sindoori,   Aramark,  Cerner Corporation,  CIRFOOD,  Clean Team,  Cleaning Services Group, Inc.,  e-care India,  Fast Guard Service,  First Class Valet,  Flatworld Solutions Pvt. Ltd.,  Grupa Impel, Healthcare Resource Group, Inc.,   Integrated Medical Transport,  Maxicus,  ModivCare Solutions, LLC.,  OCS Group limited,  Optum, Inc., R1 RCM, Inc.,    Red Bean Hospitality,   Sodexo,   SSR Techvision,  Stathakis,  The Budd Group,  TRIMEDX,   XPressGuards.com,  amongst others.

Key findings of the report:

In terms of revenue, global hospital outsourcing market was valued at US$ 217.51 Bn in 2019 and is anticipated to grow at a CAGR of 12.82% over the forecast period.

North America accounted for the highest market share in the global hospital outsourcing market in 2019. The higher number of both private and public hospitals in countries like the U.S. and Canada that are seeking outsourcing services, especially IT outsourcing, transportation outsourcing, security outsourcing, etc., is a major reason for the larger share of North America in the global hospital outsourcing market. Furthermore, the region contains numerous third-party hospital service providers.

The IT hospital outsourcing services accounted for a significant share in the global hospital outsourcing market in 2019. The higher costs associated with hiring IT management stuff, coupled with the rise in adoption of technology amongst the healthcare facilities that require around the clock monitoring plays a prominent role in the outsourcing of these services to third-party hospital IT service providers. But, the revenue cycle management services are expected to grow considerably during the forecast years in the global hospital outsourcing market.

Large organizations were the most prominent outsourcers of hospital services, especially in regions like North America and the Middle East.

Market Segmentation

By Hospital Size

Small and Medium Hospitals

Large Hospitals

By Service Type

Information Technology Services

Clinical Services

Insurance Verification Services

Recruitment Services

Business and Administration Services

Facility Management and Security  Services

Revenue Management Services

Marketing Services

Catering and Cafeteria Services

Transportation Services

Others

By Hospital Type

Public Hospitals

Private Hospitals

By End-User

Clinics

Nursing Homes and Assisted Living

General Medical & Surgical Hospitals

Specialty Hospitals

Emergency and Other Outpatient Care Centers

Others

By Region

North America

U.S

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America 

.…

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Smart Pills Market Research Report - Global Forecast till 2030

 Smart Pills Market 2021

Smart pills Market are indigestible capsules which are being used in multiple healthcare applications such as medical imaging, drug delivery, cancer diagnostics, etc. Smart pills are essentially microelectronic devices that have the capability of reaching different parts of the digestive system without having any counter effects on the individual's body. Check-Cap, for instance, provides micro pills that help in the faster detection of polyps, thereby preventing the formation of cancerous cells. The rising demand for accurate diagnosis and treatment of adverse health conditions using advanced imaging systems is leading to the growth of the global Smart Pills Market.

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Major Key Players:

Some of the players operating in the Smart Pills Market are BDD Pharma Ltd, CapsoVision, Inc, Check-Cap, etectRx, HQ, Inc., Jinshan Science & Technology (Group) Co., Ltd., Medimetrics Personalized Drug Delivery B.V., Medtronic, Olympus, Veloce Digital Health, amongst others.

Key findings of the report:

In terms of revenue, the global Smart Pills Market was valued at US$ 3234.14 Mn in 2019 and is anticipated to grow at a CAGR of 18.50% over the forecast period.

North America accounted for the highest market share in the global Smart Pills Market in 2019. The greater awareness regarding the use of smart pills in countries like the U.S. and Canada, coupled with the higher investment in technological innovation in healthcare is a major reason for the greater share of North America in the global Smart Pills Market. However, the APAC region is expected to show the highest growth during the forecast years in the global Smart Pills Market.

Diagnostic imaging accounted for a considerable share in the global Smart Pills Market as far as the applications of smart pills are concerned. The ability of the smart pills to provide accurate imaging of the digestive tract, with a greater degree of accuracy, is leading due to the growth of smart pills for diagnostic imaging.

Acute gastrointestinal bleeding segment is expected to show considerable growth in the global Smart Pills Market during the forecast years. Gastrointestinal bleeding is a major concern amongst the healthcare professionals as it can lead to complications, thereby increasing the fatality rate. Studies show that the annual expenditure on gastro-related illnesses was around US$ 136 billion in the U.S. alone. Smart pills can help in the faster diagnosis of gastrointestinal illnesses, especially internal bleeding in the small intestine, thereby saving countless lives.

Market Segmentation

By Application

Diagnostic Imaging

Vital Sign Monitoring

Targeted Drug Delivery

By Area

Esophagus

Stomach

Small Intestine

Large Intestine

Others

By Disease Indication

Acute gastrointestinal bleeding

Crohn’s disease (CD)

Esophagitis and Barrett’s esophagus

Others

By End User

Hospitals

Clinics

Diagnostic Centers

Research Centers

Universities

Others

By Region

North America

U.S

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America 

.…

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