Data Center Market Growth Projections Highlight Carbon-Neutral Goals by 2030

Data Center Market

The global data center market is on a growth trajectory, projected to reach USD 622.4 billion by 2030. A key trend in the industry is the push toward carbon-neutral data centers by the decade’s end, with companies implementing strategies to meet this objective.

According to the IEA, the U.K. aims to reduce greenhouse gas (GHG) emissions by 68% from 1990 levels by 2030 and achieve net-zero carbon emissions by 2050. Similarly, the Dutch government has introduced laws such as the Climate Act and the National Climate Agreement to curb emissions. The Energy Conversion Act mandates a 16% CO2 reduction by 2030, with a 95% reduction goal by 2050. The U.S. government also has set its sights on reducing emissions by 50-52% by 2030.

Data centers serve as hubs for large-scale data processing and decision-making, enabling businesses to leverage data-driven insights and improve services, customer relations, and revenue generation. To manage the surging data volumes, companies are investing in high-performance data infrastructure.

Regional Outlook

  • IT Infrastructure Growth: Server, storage, and networking components form the backbone of this sector, anticipated to grow at a CAGR of over 11.6%.
  • Efficiency & Privacy Focus: Data storage efficiency and privacy concerns are central to IT infrastructure advancements.
  • Industry Insights: The IT & telecom sector held over 40% of the market share in 2023 due to increased software deployment and startup activities, with a rising demand driven by mobile internet users.
  • Emerging Technologies: IoT and 5G technologies are driving data growth, particularly in IT & telecom.
  • Healthcare Sector Expansion: The healthcare sector is set to grow at a 10.4% CAGR, underscoring the rising need for data storage in medical contexts.
  • Regional Leaders: North America, with 40% of the market share, and Europe, spurred by AI, 5G, VR, IoT, and cloud computing, are seeing significant data center investments. The COVID-19 pandemic accelerated data center investments worldwide, leading to nearly 8,000 centers globally in 2021, with a third in the U.S.

How Does the Rise in Geriatric Population Contribute to Revenue of Patient Temperature Monitoring Industry?

Patient Temperature Monitoring Market

In 2021, the patient temperature monitoring market generated $3,294.8 million in revenue, and it is expected to grow to $6,039.3 million by 2030, advancing at a 7% rate. This growth is driven by the increasing demand for non-invasive, non-traumatic, and hygienic devices that provide accurate temperature readings. Handheld temperature monitoring devices hold a 27% share of the market, thanks to the convenience they offer patients.

The rising prevalence of chronic and infectious diseases like diabetes, cancer, and cardiovascular conditions is further driving the demand for temperature monitoring devices. It is estimated that over the next decade, chronic diseases will claim 5 million lives in the U.K., underscoring the importance of regular temperature monitoring for effective disease management.

In the U.S., as of 2020, 6 out of 10 people had at least one chronic condition, while 4 out of 10 had two or more. This makes temperature monitoring vital for early diagnosis. The link between temperature fluctuations and the occurrence of illnesses is expected to boost demand for temperature monitoring systems.

The COVID-19 pandemic has significantly boosted the temperature monitoring market due to the rising need for such devices. Manufacturers are increasing the production of digital thermometers, which provide accurate and reliable temperature readings. These devices now feature improved technology, reducing errors and fluctuating results. For instance, in February 2020, Xiaomi introduced a non-contact infrared thermometer capable of measuring temperature in just one second with an accuracy of 0.2 degrees.

Non-invasive temperature monitoring systems account for a substantial portion of the market, generating $1,892.9 million in revenue, with a projected growth rate of 7.3%. The demand for non-invasive devices is increasing due to their ease of use, accurate readings, and user comfort.

The growing demand for oral temperature monitoring is driving the sales of oral thermometers, offering an opportunity for manufacturers to introduce new products. Additionally, temporal artery and axillary thermometers are gaining popularity for their simplicity, quick results, and minimal invasiveness, further boosting the market.

Within the application segment, fever management (pyrexia) drives the highest demand, accounting for a 30.1% market share. The rise in the elderly population, coupled with trauma and hemolysis cases, is fueling the demand for temperature monitoring equipment. Fever, often accompanied by fatigue, dehydration, and increased pain sensitivity, is becoming more prevalent, further supporting the market’s growth.

North America is a key region for patient temperature monitoring systems, generating $1,077.0 million in revenue. The market here is expected to grow at a rate of 6.9%, driven by the presence of major industry players, high disposable income, increased surgical procedures, and rising blood donations and transfusions.

Overall, the growing prevalence of chronic and infectious diseases, with high body temperature as a major symptom, continues to propel the patient temperature monitoring industry forward.

Pharmaceutical Analytical Testing Outsourcing Market Set for 9% Growth by 2030

Pharmaceutical Analytical Testing Outsourcing Market

The global pharmaceutical analytical testing outsourcing market was valued at $7,594.3 million in 2021 and is projected to grow at a rate of approximately 9%, reaching around $15,815 million by 2030. This growth is driven by advancements in the pharmaceutical sector, increased focus on safety and regulatory compliance, rising demand for testing services, and cost advantages of outsourcing.

The demand for bioanalytical services is expected to rise significantly, influenced by evolving regulations for in-vitro and in-vivo testing, as well as the complexities of these assessments. The growing need for biosimilars, combination therapies, and novel drugs has amplified the requirement for specialized tests such as electrochemical, electrophoresis, titrimetric assays, and immunoassays.

Pharmaceutical companies accounted for 48% of the market share historically, as many lack the resources to conduct in-house testing. Outsourcing analytical testing allows these companies to focus on core operations while saving time and resources. In the future, biopharmaceutical firms are expected to grow at the fastest rate, around 9%. These businesses require analytical testing for optimizing production, ensuring quality in biosimilars and biologics, and fulfilling regulatory requirements. The increasing demand for expert personnel to perform assays and handle regulatory filings is further driving the outsourcing trend in the biopharmaceutical sector.

North America held the largest share of the market, about 53%, due to its advanced pharmaceutical manufacturing hubs and increasing production to meet healthcare demands. Europe’s market is thriving with the adoption of cutting-edge microbial manufacturing technologies, while emerging nations collaborate with Western companies to build local capacities through services like clinical research and drug development.

Meanwhile, the Asia-Pacific region is expected to witness the fastest growth, driven by significant investments, expansion in the pharmaceutical industry, and the presence of major outsourcing centers in China, India, and the Philippines. China has become a preferred outsourcing destination for Japan’s nearshore and onshore clients due to its attractive delivery capabilities.

With rising drug consumption and increasing R&D activities, the demand for pharmaceutical analytical testing outsourcing continues to grow globally.

Increasing Chronic Pain and Smoking Rates Propel Transdermal Drug Delivery Market Growth

The total value of the transdermal drug delivery systems market was USD 4.2 billion in 2023. It is expected to grow at a CAGR of 4.7%, reaching USD 5.8 billion by 2030. This market is primarily driven by the increasing prevalence of chronic illnesses, as traditional drug delivery systems are less effective due to hepatic first-pass metabolism. This process results in oral drugs being mostly broken down in the liver before they can reach their target tissues, reducing their efficacy.

Globally, more than one billion people smoke cigarettes, and despite international and national efforts to monitor, educate, and restrict supply, smoking rates remain high. This drives the demand for transdermal nicotine patches, which have been shown to be 50–60% more effective than placebos in helping individuals quit smoking over a year.

The iontophoresis technology segment leads the market, as it enhances skin penetration and accelerates the release rate of drugs with poor absorption or infusion. The pain management segment is also a major market driver, due to the increasing prevalence of chronic pain from conditions such as amputations, arthritis, and nervous system disorders. An estimated 20% of the global adult population suffers from chronic pain, which significantly impacts productivity and causes emotional and psychological distress. Consequently, transdermal analgesia is gaining popularity.

North America dominates the transdermal drug delivery systems market, driven by patent expirations that allow more companies to enter the market with generic alternatives. Additionally, the relaunch of previously failed drugs for subcutaneous delivery and substantial R&D investments contribute to the region’s significant market share. In Europe, the market is supported by favorable insurance policies and awareness campaigns by government institutions. The region’s advanced healthcare infrastructure and strong public health focus, along with numerous medical device and R&D institutes, facilitate the rapid adoption of innovative healthcare technologies.

The global demand for transdermal drug delivery systems is rising due to the increasing incidence of chronic illnesses, a trend that is expected to continue in the coming years.

Need for Hygienic Work Environment Drives the Professional Hygiene Market

Professional Hygiene Market

The size of the professional hygiene market will grow at a rate of 5.10% by the end of this decade, to touch USD 23,953 million by 2030.

Because of the increase in populace, shift of individuals from urban to rural areas, and surge in tourism actions, the requirement for hygiene upkeep products is increasing in the hospitality industry, which had about 40% share in the industry in the past.

The category comprises of motels, hotels, spas, food service providers, beauty salons, and other spaces where guests’ accommodation and other personal needs are catered to. One of the straightforward things that visitors expect at these places is good cleansing and hygiene.

The main driver for the development of the tissues and napkins category is the snowballing consciousness of hand hygiene in workplaces and increasing occurrence of HAIs. At hotels, hospitals, and offices, tissue and napkins are the most used products for hand drying; so, they had over 81% share in the professional hygiene market in the recent past.

Also, the progressions in the tech of making tissues, advent of organic tissue paper and cutting-edge ways of dispensing, increasing incomes, and initiatives of the government to support public health are driving the development of the industry.

The use of tissues in washrooms because of need, overall Westernization of the washroom culture, snowballing consciousness of hygiene and sanitation, and mounting living standard have augmented the requirement for finest sanitary products, for further ease.

It is due to the rising need for hygienic work environment, the demand for professional hygiene solutions will continue to grow in the years to come as well.

Enhancing Quality and Safety in Biopharmaceutical Manufacturing with Bioprocess Validation

Bioprocess Validation Market

Maintaining high-quality standards is crucial throughout the bioproduct manufacturing process. This involves eliminating contaminants and impurities from chromatographic media, which can consist of viruses, nucleic acids, endotoxins, cell membranes, aggregates, culture media components, proteins, ligands, product alterations, process chemicals, and inactive microbes.

To ensure the effectiveness of equipment and methods used in manufacturing processes, rigorous scientific validation exercises with thorough documentation are necessary. The FDA’s General Principles of Process Validation guidelines require documented evidence at all stages of bioprocess validation studies to provide a high level of confidence in the intended product quality for consumers.

Bioprocess validation is an integrated process that adheres to FDA, EMA, and other national and international regulations and standards. It aims to verify procedures and ensure compliance with current Good Manufacturing Practices (cGMP). Extensive documentation is required by national and international guidelines to confirm that the process follows standard procedures.

To improve production many drug manufacturers are turning to third-party service providers. The use of disposable technologies during medication development further reduces production costs. Single-use bioreactors have increased process adaptability and significantly reduced the risk of cross-contamination. These advancements benefit the bioprocess validation sector by shortening commercialization timelines and ensuring product reliability.

The COVID-19 pandemic has also had a significant impact on bioprocess validation. The demand for validation services increased during the pandemic as validation became necessary at all stages of drug development to monitor accuracy, safety, and efficiency. Extensive testing and manufacturing of vaccines drove the need for process validation.

Increasing Focus on Extractables/Leachables Testing Services

Bioprocess validation services include extractables/leachables testing, bioprocess residual testing, viral clearance testing, and filtration and fermentation systems testing. Extractables/leachables testing dominates this service segment due to the rising risk of product adulteration and the presence of regulatory guidelines. Prominent guidelines in this area include those from the FDA and current good manufacturing practice guidelines.

Rising Utilization of Filter Elements

Bioprocess validation products encompass filter elements, media containers and bags, freezing and thawing process bags, mixing systems, and bioreactor transfer systems. The usage of filter elements is expected to significantly increase, primarily driven by their essential role in various bioprocessing techniques to ensure the efficacy and safety of biopharmaceutical products at each production step.

The use of bioreactors for manufacturing vaccines, medicines, and other pharmaceutical components is also on the rise. Bioreactors are widely employed in healthcare research for converting in-vitro 2D culture models and suspensions into the 3D form, replicating the natural physiological state at the site.

Growing Importance of Biopharmaceuticals

The increasing prevalence of chronic diseases is driving the demand for biopharmaceuticals, leading to the rapid adoption of bioprocess validation services across the healthcare sector. Infectious diseases, cancer, and neurological disorders are becoming more prevalent, highlighting the significance of biopharmaceuticals.

Many biopharmaceuticals used to treat neurodegenerative disorders are directly administered into the brain, which is not feasible with conventional synthetic agents. Furthermore, advancements in bio-based drugs have resulted in higher survival rates for cancer patients, hepatitis cures, improved arthritis management, and transformed treatment options for various diseases. The rising incidence of such diseases drives the growth in biopharmaceutical use, thereby boosting the development of the bioprocess validation sector.

The bioprocess validation sector in Asia is advancing significantly due to increased government support for pharmaceutical research and development, a growing elderly population, and a rising trend of outsourcing in the region. Moreover, the global bioprocess validation industry is projected to reach a value of USD 835 million by the end of this decade.

Wound Care Biologics: A Rising & Advanced Trend in New Wound Care

Wound Care Biologics

Biologics, or biological medical products, are the treatment products that are produced from living cells or organisms. The improvement in the technology of wound care has resulted in the arrival of biotechnology in wound care.

Wound healing is a complicated procedure that comprises the dynamic interplay of different mediators like growth factors, cellular & extracellular components, and matrix metalloproteinases. Wound care biotechnology targets these aspects that are affected in chronic wounds. Some major wound care biological products are:

Skin Substitutes

Skin substitutes are tissue-engineered products employed to manage chronic non-healing wounds. These products can be utilized to either temporarily or permanently cover the wound bed. Skin substitutes are classified into either cellular and acellular products.

Cellular products are composed of living cells comprised inside a matrix, whereas acellular products are produced from human cadavers.

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Cell-based Therapies

The cells in the body are continuously substituted and replenished by stem cells. These cells possess exceptional posibilities in wound care because of their regenerative capacity. Adult stem cells are transplanted to the wound location either as allogeneic or autologous grafts.

Cell-based therapy focuses on making the wound bed more helpful to healing. The cells that are presently being employed in clinical settings include fibroblasts, keratinocytes, and adipose-derived stromal cells.

Growth Factors

Growth factors play an important role in wound healing. The developments in biotechnology have enabled the application and synthesis of exogenic growth factors for wound healing.

Examples of exogenous growth factors are recombinant human epidermal growth factor (rh EGF) and keratinocyte growth factor (KGF). Though, it is important to acknowledge that growth factors only function well in a properly equipped wound bed.

Scaffolds

Bioartificial scaffolds are formed of components existing in the skin extracellular matrix. These tissue-engineered scaffolds integrate laminin, collagen, fibronectin, hyaluronic acid, and endothelial progenitor cells. Scaffolds, unlike conventional wound dressings, have intrinsic world-healing properties.

Usage Of Biologics

Biologics are gradually becoming very common in wound care. Some major usages of biological materials in wound care are: ‍

Film dressings: Films formed from naturally attained polymers are biodegradable. Additionally, they can also be employed for the delivery of small molecules, growth factors, as well as various other therapeutic medicines.

Hydrogels: Hydrogels are 3D structures composed of different polysaccharides. They can imbibe substantial amounts of water which makes them suitable to preserve a moist wound environment. Because of their biocompatibility, naturally attained polymers are increasingly utilized in the production procedure of hydrogels.

Nanofiber-based dressings: Nanofiber-based dressings possess structural resemblances to extracellular matrices. Synthetic and natural biomaterials are employed to produce nanofibers with the electrospinning method.

In addition, nanofiber-based dressings are becoming more popular in wound care because of their protection from bacterial infection as well as effective exudate management.

Wrapping Up

With the increasing cases of burns & accidents, as well as the rising occurrence of chronic wounds, the wound care biologics industry will continue to grow in the coming years.

The Unseen Heroes: Catheters and Bands – A Vital Support System

Catheters and Bands Market

When we talk about healthcare, some heroes stay hidden in plain sight. Catheters and bands are unsung heroes that play a crucial role in numerous medicinal situations. These unassuming devices aid patients to be able to handle their conditions and advance their quality of life.

Catheters: Lifelines in Medical Care

Catheters are slim, supple tubes that are injected into the body to either drain liquid or carry medication. They are utilized in many medical situations and can be lifesaving. Here are some major areas where catheters are important:

Urinary Catheters:

Urinary catheters are possibly the most popular kind. They are utilized to aid patients who have trouble emptying their bladders because of the wound, operations, or medicinal conditions. Urinary catheters can advance patients’ ease and avoid complications related to urinary retention.

Intravenous (IV) Catheters:

IV catheters are implanted into a patient’s veins to administer liquids, medicines, or blood items. They are a basic component of modern drugs and are utilized in everything from routine hydration to serious care situations.

Cardiac Catheters:

Cardiac catheters are utilized in interventional cardiology processes. They permit medics to access and cure blockages in the coronary arteries, diagnose heart situations, and even conduct life-saving operations such as angioplasty.

Epidural Catheters:

Epidural catheters are utilized to give pain relief during labor and operation. They are placed in the epidural space around the spinal cord, allowing for precise and localized administration of anesthetic medications.

Bands: Supporting and Securing

Medicinal bands, commonly denoted as medical braces or supports, are another important feature of healthcare. Such wearable devices offer constancy and support to numerous parts of the body. Let’s look at a few of the most popular kinds:

Wrist Bands:

Wrist bands are utilized to immobilize and shield the wrist after a wound or operation. They are helpful in the curing procedure, stopping further harm and helping recovery.

Knee Braces:

Knee braces are utilized to immobilize and back the knee joint. They are often prescribed for people with knee wounds, arthritis, or after an operation to help in therapy.

Ankle Braces:

Ankle braces offer support and comfort to the ankle joint. They are commonly utilized by athletes to avoid injuries and by those on the road to recovery from ankle sprains.

Back Support Belts:

Back support belts are used to relieve lower back aches and offer help to individuals with lower back accidents or chronic situations. They are an essential tool for retaining proper posture and lowering pressure.

Compression Bands:

Compression bands are used to enhance circulation and decrease swelling. They are frequently encouraged for individuals with conditions like lymphedema or people who want support during long periods of status or sitting.

Growth Drivers

Some of the major reasons propelling the development of the catheters and bands industry in India, Sri Lanka, Bangladesh, and Nepal are advancing healthcare infrastructure, increasing elderly populace, and increasing occurrence of CVDs. The rising elderly populace is a key reason driving the development of the catheters and bands market.

Analytical Standards Industry is Led by North America

The analytical standards market was USD 1,618.9 million in 2023, which will increase to USD 2,588.1 million, powering at a 7.0% compound annual growth rate, by 2030.

This progression is because of the increasing application of the related products in biotechnology, pharmaceutical, food quality & safety assurance, forensics, environmental analysis, and various other areas.

Furthermore, their increasing use in the clinical study of complete metabolites and proteins in an organism or a cell, with the surging worry to monitor or control pollution, boosts this growth.

Moreover, the growing worry about product expiry analysis and food quality & safety, owing to the strict government guidelines in this regard, is boosting the acceptance of analytical standards.

In 2023, the environmental science category, based on application, accounted for a 20% share, and it will continue this trend during this decade. This can be because of the increasing worries owing to the rising pollutants emissions and growing efforts for an effective waste processing and clean environment.

North America led the industry, and it will remain leading, advancing at a 7.2% CAGR, till 2030. This is because of the high R&D spending by pharmaceutical firms and the existence of most global manufacturers and regulatory bodies, who have laid down stringent quality standards to fulfill by pharmaceutical businesses.

Furthermore, the advancing biotechnology sector and consequently rising application of analytical standards and technologies also assist this regional growth.

In addition, the existence of key manufacturers has resulted in the high sale of standards or reference compounds to the chemical and pharmaceutical sectors in this continent.

It is because of the growing concerns regarding the safety as well as the quality of food, the analytical standards industry will advance continuously in the coming years.

NAT Category To Show the Fastest Growth in the Blood Screening Industry

Blood Screening Industry

The blood screening market is on the way of growth, and this trend will continue in the years to come as well. The major factors powering the industry are the enhancements in the blood screening technology, strict regulations with regards to contaminated blood, increased spending, and high incidence of chronic, respiratory, and infectious diseases.

The reagents and kits category dominated the industry in the past. This was because of the need for these products throughout the first stage of the blood screening process and easy obtainability of numerous reagents. Also, the high preference for reliable, fast, specific detection of TTD also powered the acceptance of these products.

The NAT category will have the fastest growth in the years to come. This has a lot to do with the fact that is it is very popular among testing labs and blood banks, because of its higher sensitivity as opposed to the others.

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In the past, blood banks had the major share, as a result of the increasing count of organ transplant surgeries and blood donation activities. Furthermore, the increasing consciousness with regards to the dangers of contaminated blood increased the growth of this category.

North America had the highest revenue in the blood screening market in the past, as a result of the high frequency of respiratory and infectious diseases in the region. For example, the region had the highest number of COVID-19 cases and deaths till April 13, 2020.

Furthermore, the introduction of novel products by the players operating in the industry, chiefly for COVID testing, such as the CoronaCheck antibody test kit by BioResponse, is also has an important role in the growth of the industry.

Also, the growing government support with regards to the use of advanced screening products is also a main growth driver of the regional industry.

Increasing count of collaborations and mergers among the important players has turned out to be a prominent trend in the industry.

For example, in January 2020, Illumina Inc. and F. Hoffmann-La Roche Ltd. started a fifteen-year, non-exclusive partnership to boost the use of distributable (NGS)- based oncology testing.

Similarly, in April 2019, Ortho-Clinical Diagnostics Inc. introduced its D-Dimer assay under its MicroTip partnership assay program. This was developed by the corporation in collaboration with Diazyme Laboratories Inc.

The increasing number of chronic cases all over the globe, and the growing count of blood donors are the two factors among the many which has helped in the growing demand for blood screening. This demand will only go up from here in the years to come as well.