Pubblicato il

North America is Dominating Closed System Transfer Devices Industry

Closed System Transfer Devices Market

The global closed system transfer devices market will touch USD 3,516 million by 2030, advancing at a CAGR of 15.20% during 2022–2030.

This growth can be credited to the growing need for CSTDs to confront the damaging effects of medications including antineoplastic or cytotoxic agents utilized to treat cancer, hormone agents, bioengineered drugs, and hormone agents.

Oncology drugs are the most vital extents of attention for pharmaceutical businesses globally. With new advancements in the field of the drug, there will be more treatment choices existing and more safety problems will come with every new drug.

The hospitals & clinics category, generated the highest revenue share, based on the end users. This is because of the presence of a vast populace base of cancer patients, who are being cured and treated by a huge count of clinics and hospitals. Because of a high count of cancer cases and healthcare amenities, the count of healthcare employees who are at work directly in contact with dangerous medications is quite high.

North America had the largest market share in 2022, because of the snowballing knowledge of healthcare employees regarding harmful drugs and their impacts, and the existence of key players who are making these devices in the continent. In North America, the U.S. generates a higher revenue share, credited to the huge number of cancer cases in the nation.

Hence, the growing need for CSTDs to confront the damaging effects of medications including antineoplastic or cytotoxic agents utilized to treat cancer, hormone agents, bioengineered drugs, and hormone agents, these are the major factors contributing in the growth of the closed system transfer devices market.

Pubblicato il

Liquid Handling System Industry to Observe Fastest Growth In Asia-Pacific

Liquid Handling System Market

In 2022, the liquid handling system market was USD 4,692 million, and it is expected to reach a value of USD 6,521 million growing at a rate of 4.20%, by 2030 as told in a report by P&S Intelligence.

This growth is credited to the developing life science industry, increasing investment to develop efficient and innovative therapeutic agents by various companies, and the growing incidence of chronic diseases.

Furthermore, the demand for these products has increased considerably due to the outbreak of the COVID-19. These systems were used in all sorts of laboratory work during the testing of samples for the virus.

Make inquiry before purchase of this report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=liquid-handling-system-market

India and China, are offering opportunities to various life science companies and drug manufacturers. For example, Pfizer Inc. set up a research and development center at the Indian Institute of Technology Madras, to enhance pharmaceutical research in India.

Significant demand is expected for automated systems in the near future. These variants offer accurate dispensing and decrease the requirement for manpower.

Pipettes held the largest liquid handling system market share, of over 21%, in 2022, and it will remain like this in the years to come. This is because of the production of advanced pipettes and the increasing number of pipette calibration service providers.

In 2022 liquid handling systems held a major share as these systems are frequently used in drug making. Over 20,000 drugs will be launched in the years to come. These systems are crucial at every stage of the drug development process.

Liquid handling systems are used in research activities for toxicity screening, drug screening, forensic testing, biopharma production, tissue engineering, and drug discovery and development. The key driving factor in the industry is the government’s involvement in making a more organized life science industry.

The growing number of mergers and acquisitions is a key trend in the industry. The reason behind this is to increase product portfolios for the company, geographical expansion, achieving a larger customer base, and the profit share.

North America accounted for the largest share in 2022, at approximately 36%. This is credited to the increasing merger & acquisition between biotechnology companies. Furthermore, to develop effective therapies various companies are investing in the consumer healthcare business.

APAC will grow the fastest, at a rate of over 5.1%, in the years to come, owing to the rising investments in biotechnology.

China held the largest share in 2022, and it will advance significantly in the coming years. This is mainly credited to the number of research and development activities taking place in the life sciences industry.

Due to the developing life science industries, growing investment to develop effective and innovative therapeutic agents by companies, and rising incidence of chronic diseases, the demand for liquid handling system will grow considerably in the coming years.

Pubblicato il

Beauty Devices Industry Will Grow Fastest in Asia-Pacific

Beauty Devices Market

According to a report by P&S Intelligence, the value of the beauty devices market was USD 66,336.5 million in 2022, and it will touch USD 311,095.1 million in 2030, with a CAGR of 21.3% in the years to come.

The increasing consciousness pertaining to the advantages and safety of energy-based aesthetic devices, particularly laser-based instruments, is a main factor driving the industry.

Laser skin tightening has got the approval from the FDA for the reduction of, fine lines, wrinkles and skin laxity. These energy-based devices offer minimal invasion, quick recovery, fewer side-effects, and less discomfort than the orthodox fat removal surgical treatments.

Additionally, these products are recognized for their cost-effectiveness, painless processes, and fast results. Because of these factors, the acceptance of energy-based aesthetic instruments is increasing worldwide. Further, recently, several celebrities have talked about their aesthetic treatments, which has brought an increase in the consciousness about these treatments, therefore further making them suitable in society.

Salon dominated the industry with , about 55% share, in the past, and it will continue like this in the years to come. This is mainly due to the high acceptance of the laser technology in salons for the reduction of redness and irritation related to acne and rosacea, by targeting specific areas, while not posing any harm to the others.

The increasing requirement for beauty services at salons and the increasing count of such establishments globally contribute to the progress of this category.

Additionally, the at-home category will grow the fastest, because of the low price and increasing consumer consciousness of at-home aesthetic tools. Furthermore, the promotional efforts of firms, for example, the distribution of free samples in China, India, South Korea, and Japan, are increasing the sale of home-use beauty instruments.

The incidence of photoaging is increasing globally because of the excessive contact to pollution and UV radiation, therefore resulting in hair loss, sunburns, and reduced elasticity of skin. Acne, dyspigmentation, hyperpigmentation, freckles, deep wrinkles, psoriasis, atopic dermatitis, and melasma are the other skin issues. Such dermatological ailments are also triggered by excessive consumption of tobacco and alcohol.

North American beauty devices market had the largest share in the recent past. This is mainly because of the high income and awareness of appearance, increasing the spending on cosmetic processes and tools. Furthermore, a rising number of salons delivering the services of hair removal and the people with hormonal problems bolster the requirement for the related treatments.

APAC will grow the fastest in the future. The increasing occurrence of skin ailments, technical advancements, booming appearance consciousness among youth, and shifting predisposition toward at-home aesthetic devices are the factors for the development of the industry in APAC.

It is because of the increasing spending on personal care, the demand for beauty devices will continue to grow in the future.

Pubblicato il

Mineral Supplements Market Has the Largest Share in Asia-Pacific

Mineral Supplements Market

It is stated by an expert at a market research institution, P&S Intelligence, the total revenue generated by the mineral supplements market will reach USD 21 billion by 2030, powering at a rate of 5.3% in the years to come.

This has a lot to do with the increasing acceptance of these products for reducing the probability of a number of chronic diseases, such as osteoporosis, anemia, and cancer.

Calcium had the largest share of revenue, of over 26%, in the recent past. This is due to the increasing cases of osteoporosis globally, mostly in the elderly population and women.

Furthermore, the introduction of innovative calcium-based tablets by pharma companies is resulting in enhanced demand for them globally.

Potassium will have the fastest growth in the years to come, because of the growing consciousness concerning the benefits of this nutrient, like the formation of a fluid balance in the body, smooth muscle tightening, and continuous transmission of nerve impulses.

Tablets dominated the mineral supplements market, on the basis of their formulation. This is because tablets are a perfect form of dosage, lucrative, easily obtainable, and have an extended shelf life.

The liquid category will grow the fastest in the years to come, the main reason for this is due to the increasing requirement for liquid supplements, easily absorbed and have greater bioavailability.

Adult women dominated the industry, mainly attributable to the strong necessity for potassium, zinc, and calcium among women throughout the prenatal and postnatal phases. Also, for reducing the danger of any abnormality in babies, the intake of these is necessary for mothers.

Likewise, the hectic work schedules and altering lifestyles of working women are creating an imbalance of nutrients, which will increase the consumption of added minerals. Furthermore, the growing prevalence of diabetes, obesity, and CVDs amongst adult women globally is powering the industry.

APAC had the largest share of above 50%, mostly credited to the growing occurrence of chronic diseases and the presence of numerous stalwarts. Also, the advent of contract manufacturing firms in the Philippines, India, and China, will offer substantial predictions for the advancement of the region.

Furthermore, the speedily increasing disposable income and strengthening emphasis on adopting a healthy lifestyle are leading to a surge in the industry.

In addition, the mounting count of fitness centers, health clubs, and gyms, accompanied by the surging consciousness about fitness amongst youngsters will power the demand for these products.

It is because of the growing implementation of preventive healthcare practices all over the world, the demand for mineral supplements will grow even more in the years to come.