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Chemical Injection Pumps Market Anticipated to Grow at a CAGR of 5% through 2029

According a new research publication by Fact.MR, nearly 1500 thousand units of chemical injection pumps were sold in 2018, and the sales are expected to record over 4% Y-o-Y growth in 2019. In addition to soaring applicability in the oil and gas industry, and water treatment projects, the sales of chemical injection pumps will continue to receive a strong impetus from the growing trend of high-efficiency solar-powered pumps.

As the consistently deteriorating quality of available water and rapidly declining number of natural freshwater reserves continue to exert an additional pressure on governing bodies to meet the cumulative demand for water supply, the water treatment landscape is likely to witness emergence of multiple key developments in the near future. A number of water treatment initiatives are underway, particularly across developing countries, bolstering the demand for associated equipment, such as chemical injection pumps.

According to Fact.MR’s analysis, the oil and gas industry will also remain among the key focus areas of vendors operating in the chemical injection pumps market. Chemical injection pumps remain a coveted solution for the oil and gas industry operators, as a number of pipeline operators are already utilizing chemical injection methodologies for the injection of corrosion inhibitors into pipelines or well sites.

Pneumatic and hydraulic pumps collectively account for around 50% of total sales of chemical injection pumps. Whereas, electrically powered pumps alone account for over a third of overall sales, as indicated by the study. The high selling potential of electric chemical injection pumps is attributed to their higher adoption across the oil and gas industry in a bid to achieve significantly reduced methane emissions. Tightening regulatory framework for emission control and the thriving global energy efficiency drive are necessitating the mass shift of manufacturers to sustainable solutions. Fact.MR thus projects the emergence of a lucrative market for solar-powered chemical injection pumps in the forthcoming years.  Rising popularity of the intelligent metering pump technology for quantitative regulation of injection chemicals, also marks an important trend in the chemical injection pumps market.

Asian Countries – The Potential Hotbed of Opportunities

According to the study, the chemical injection pumps market in East Asia is likely to account for over 30% share in the global market volume estimated for 2019. While South Asia is also projected to be among the key regional markets in terms of chemical injection pumps sales, both the regions will remain prime opportunity hubs for stakeholders in the market. Constantly rising petrochemicals demand and increasing concerns regarding deleterious effects of poor water quality have been pushing investments in the oil and gas industry and water treatment sectors, respectively, across East and South Asian countries. While this, according to the report, accounts for a positive outlook for the demand growth of chemical injection pumps within these regional markets, the report also points to the increasing role of governing bodies in establishing a strong base for adoption of specialty application equipment, such as chemical injection pumps.

The competition landscape of global chemical injection pumps market is characterized by a growing focus of competitors on the increasing need for efficiency and accuracy of chemical processes, along with an enduring product lifecycle. Banking on improving industrial and infrastructural investments by regional governments, key companies operating in the chemical injection pumps market are considering new product innovations as a key strategy. While solar- and electric-powered pumps are rapidly garnering R&D interests of a majority of players, compact design engineering will also be an important strategy assisting their headway to mitigate the carbon footprint. The report indicates that the first movers in competitive landscape continue collaborations with established brands, targeting enhanced capacity of chemical injection pumps. Long-term distribution and supply agreements with end-use industries are the longstanding successful strategies adopted by companies, sustaining their positions in the global chemical injection pumps market.

This Fact.MR report provides a long-term overview of the chemical injection pumps market for the period, 2019 to 2029. The chemical injection pumps market is anticipated to record a CAGR of nearly 5% through 2029.


Sodium Formate Sales to Revive as Manufacturers Emphasize on Non-Traditional Application Areas

Global consumption volume of sodium formate neared 640 thousand tons in 2018, according to a recent research study of Fact.MR. Highly influenced by a couple of strong restraining factors, the global sodium formate consumption volume is likely to record a mere 2.5% Y-o-Y growth in 2019. Strengthening sustainable raw material pricing strategies will remain among the key actionable areas for leading stakeholders in the sodium formate market, in addition to leveraging the traction witnessed for high-efficiency de-icing agents.

Key operators in the sodium formate manufacturing landscape have been facing sluggish demand as a result of the availability of multiple low-priced alternatives of sodium formate, according to Fact.MR’s analysis. However, research studies that have revealed considerable biodegradability of sodium formate point to a gradually progressing demand scenario that may shape the global market over forthcoming years.

According to the study, there remains a notable untapped potential for sodium formate in a few non-traditional application sectors, i.e. other than de-icing, leather tanning, and applications in oil & gas industry. While animal feed and cosmetics are particularly emerging as profitable end-use sectors for sodium formate manufacturers and other market stakeholders, an increasing focus on exploring the diverse application range is highly likely to shape the competition strategies in the years to come. In line with the flourishing personal care and cosmetics industry, a number of innovations are expected to discover myriad application opportunities for the companies active in sodium formate market.

De-icing Applications Fostering Sodium Formate Adoption in Europe

Accounting for more than a third of total consumption volume of sodium formate, leather tanning remains the top sought application, followed by applications in the oil and gas industry. Superior efficiency of sodium formate continues to position it ahead of the other available alternatives, such as formic acid. The report opines that leather tanning will remain the leading application of sodium formate owing to the surge in demand for faster and more effective chrome penetration into leather. Increasing recognition of sodium formate’s role in improving the mechanical drilling speed is expected to favor sales in the near future, whereas the superior collapse prevention ability of sodium formate, coupled with environmental sustainability, will advocate for its growing usage in the petroleum industry.

The study finds that Europe continues to spearhead the sodium formate industry in terms of volume, maintaining a volume share of more than 30% of the overall sales. Europe has been witnessing significant traction for quicker and more efficient de-icing solutions, mainly for airport runways, thereby supplementing the demand for sodium formate within the region. Companies based in Europe are likely to maintain strategic focus on the improvement of key attributes of sodium formate so as to be used for faster de-icing, in addition to prioritizing their sodium formate production capacities to meet rising demand for de-icing agents based on sodium formate. Perstorp, one of the leaders in global specialty chemicals industry, recently revealed the plan of sodium formate production capacity expansion. In line with significant preference for Pergrip Run NF - a sodium formate de-icer product - at a majority of Europe's airports as well as cities, the company is eyeing revenues through runway and non-runway applications across the region. The new plant built in Sweden is likely to help company in production and logistical cost optimization.

Fact.MR’s analysis further highlights a relative increase in the market attractiveness of the East Asia-South Asia & Oceania cluster. Following the exit of several sodium formate manufacturing companies from China which was triggered by China’s tightening environmental regulations, the sodium formate market is highly likely to reinforce its position within China over the coming decade. The report attributes this rising growth potential to a growing focus of leading players on strong establishments in print in China and the entire regional cluster.

Fact.MR study presents a long-term outlook of the sodium formate market for the period 2019 to 2029. The sodium formate market is envisaged to record a CAGR of almost 3% through 2029.



7 of the Best Smart Home Devices

You can add an extra layer of security to your home by adding smart devices.

The Internet of Things (IoT) has taken the world by storm with smart devices. Smart home devices are entering thousands of homes on a daily basis and helping with many tasks, including residential security, chores, and much more.

1. Energy Monitors
Curb Energy is hardware and software that monitors and manages energy in your home. This device uses 18 sensors that are placed in various locations in your home. These special sensors monitor your home’s power consumption and give you real-time reports. The Curb Energy app can attach to your breaker panel for accurate energy readings. This app allows you to monitor your solar power production. Curb Energy can be downloaded on your smartphone or iPhone.

2. Doorbell Surveillance
Are you fed up with standard security systems and looking for something more up to date, with more features, like the SkyBell HD? You should appreciate what SkyBell provides. This smart home device has a lot more to offer than your regular video surveillance. This video doorbell enables you to see and speak to visitors from inside your home. The 1080p video has color night vision and can capture more than 5 minutes of footage. SkyBell offers free cloud storage and can be integrated with a variety of other smart home devices.

3. Smart Wi-Fi Plugs
Are you ready to go the extra mile to make your home extra smart? The Smart Wi-Fi Plug from TP-Link HS105 can do the trick. This Wi-Fi plug is used to make your home more convenient and safe by providing more outlets and saving money. With this smart device, you can operate your home on a schedule you choose. You can control all your electronics on your smartphone or tablet. You can also keep outlets free because this device is smaller than other devices, so it will not block outlets above or below it. The Smart Wi-Fi Plug can be controlled with only one device, no hub is required, and the device can be controlled with your voice.

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4. Smart Smoke and Carbon Monoxide Detectors
Smart smoke and carbon monoxide detectors, like Nest, can keep your family safe by detecting smoke as well as carbon monoxide. With these detectors, you will receive clear direction in an emergency, alerts sent to your smartphone, and an early warning signal. These smoke and carbon monoxide detectors can also be used as nightlights. When carbon monoxide and smoke are detected, you will be notified there is a problem and where the problem is located.

5. Home and Business Smart Locks
Many smart locks work with Amazon’s Alexa, such as the August Smart Lock Pro. With these locks, you can monitor and control your doors from anywhere. Smart locks allow you to use keyless control access and monitor who enters and leaves your home, which can be viewed using your iPhone with iOS 9.0 or higher or a smartphone that uses a 5.0 or higher operating system. You don’t have to worry about changing your locks and making new keys. These smart locks are easy to install.

6. Garage Door Openers
No one wants to get out of the car to open a garage door or travel all the way home to close the garage door they may have left open. Smart garage door openers, like the Chamberlain garage door opener, can open and close your garage door from anywhere. You can receive alerts on your smartphone or iPhone when your garage door opens and closes. This device can be installed in minutes and operates using Wi-Fi.

7. Smart Thermostats
Smart thermostats like the Ecobee4 are available with Alexa voice and can be installed in minutes. These thermostats help manage hot and cold spots in your home, making it comfortable. Temperature and comfort settings can be adjusted using an iPhone or Android device.

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Decoquinate based Products Market Size will Observe Substantial Growth by 2023

Decoquinate-based Products Market: Overview

Decoquinate (ethyl 6-decoxy-7-ethoxy-4-oxo-1H-quinoline-3-carboxylate) is an antiprotozoal agent. It acts against coccidia parasites and is thus known as a coccidiostat. Decoquinate-based products are majorly used in veterinary medicine. Decoquinate acts on the sporozoite stage of a coccidian parasite’s lifecycle. The sporozoite can penetrate the host’s intestinal call and prevents their further development, which necessitates the use of antiprotozoal substances. Decoquinate has low toxicity and is administered orally to a wide range of mammalian and avian species.

Various studies conducted on decoquinate-based products suggest that the drug is readily tolerated by several target species, including cattle and lambs. On the other hand, studies conducted on rats and dogs showed minor changes in food consumption, feed conversion, subdued behavior, and changes in body weight and organ weight. In conclusion, though there may be a minor risk posed by decoquinate-based products, the protection it provides against coccidian parasites comfortably outweighs it.

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Decoquinate-based Products Market: Segmentation

The market for decoquinate-based products can be segmented according to the type of formulation into powder, tablet, and nanoparticles. Powdered decoquinate dominates the global decoquinate-based products market owing to its ease of usage. Powdered decoquinate-based products can easily be added to animal feed, which also helps the drug get absorbed into the animal’s body at a rapid rate.

However, nanoscale decoquinate-based products comprise the fastest growing segment of the global decoquinate-based products market due to the added advantages nanoparticles provide over powders. The smaller size of nanoparticles means they can be absorbed into the animal’s body even quicker than powders. The increased overall surface area of nanoscale decoquinate-based products also means they are more reactive and more likely to encounter a coccidian parasite.

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According to a study conducted on mice at the Walter Reed Army Institute of Research in Silver Springs, MD, U.S., oral administration of nanoscale decoquinate-based products to mice effectively repressed liver-stage parasite growth, providing causal prophylaxis. Nanoscale decoquinate-based products were observed to be 15 times more efficacious than microscale decoquinate, which is used in powder and tablet formulations.

Moreover, the dosage provided to mice – 1.25 mg/kg – was also much lower than the dosage provided through powder and tablets – around 20 mg/kg. Thus, nanoscale decoquinate-based products have been shown to be safer as well as more effective than microscale products, although the preliminary research in this field needs to be expanded to draw a definitive conclusion.

Decoquinate-based Products Market: Regional Outlook

Geographically, the decoquinate-based products market has been classified into four segments: North America, Europe, Asia Pacific and Rest of the World. North America and Europe currently dominate the global decoquinate-based products market due to the strong economic conditions and the large population of cattle in these regions. The Europe market for decoquinate-based products is driven by the rising demand from Switzerland, which is known for its large dairy industry. In 2010, there were 1,591,233 cattle in Switzerland.

Additionally, several governments in North America and Europe have also set up regulatory agencies, which have also been instrumental in the growth of the global decoquinate-based products market. These government bodies provide funds for developing novel veterinary biologics and animal health products such as antibodies, vaccines, diagnostic kits, which are used for the prevention, diagnosis, and treatment of infectious diseases in animals.

The Asia Pacific market for decoquinate-based products is also growing rapidly due to the increasing awareness about the benefits of decoquinate among cattle and poultry breeders.

Decoquinate-based Products Market: Key Players

Many major pharmaceutical companies are involved in the manufacture of decoquinate-based products. Alpharma, a subsidiary of Pfizer Inc., is a major player in the global market. The company offers deccox, 3 nitro, Albac, ChlorMax, lincomycin, and many other decoquinate formulations. Other major brands in the global decoquinate-based products market include Laboratories Biové’s acti decocci and lacto decocci, Pharmacia & Upjohn Company’s Lincomix, Sogeval Laboratories’ Rumicox, and Qualian’s Ucamix V decoquinate.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Multiple Sclerosis Drugs Market Value Projected to Expand by 2024

Global Multiple Sclerosis Drugs Market: Overview

The global market for multiple sclerosis drugs is heavily influenced by the significant increase in the patient pool suffering from secondary progressive and relapsing-remitting multiple sclerosis. The augmenting demand for novel potent drugs for the treatment of multiple sclerosis and the presence of a robust drug pipeline are also propelling this market substantially. Over the forthcoming years, the projected commercialization of drugs that are currently in development phase, such as Zinbryta and Ocrelizumab, is likely to reflect greatly on this market.

This research study, prepared using a number of paid and unpaid sources, offers a detailed assessment of the global market for multiple sclerosis drugs. It is a highly dependable business tool, which assists in identifying prominent trends and growth prospects of this market at both, regional as well as international level. It also presents quantitative and qualitative insights into the competitive landscape of this market by profiling the key enterprises on the basis of their market shares, latest development, business strategies, product details, revenue structure, and contact information. It further performs a SWOT analysis of each of the market players that reveals their potential growth trajectory. In the report, the worldwide market for multiple sclerosis is analyzed on the basis of the drug class, mode of administration, and geographical spread of this market for a coherent understanding.

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Global Multiple Sclerosis Drugs Market: Trends and Opportunities

Of late, the escalating prevalence of multiple sclerosis and the extensive research and development pipelines are the prime driving force behind the tremendous growth of the global market multiple sclerosis drugs. In addition to this, the increased research in the field of multiple sclerosis for the development of innovative therapies is likely to boost this market significantly in the forthcoming years.

On the other hand, patent expiry of various blockbuster drugs may create an obstruction in the growth trajectory of this market. Besides, the stringent regulatory hurdles are also projected to restrict this market from rising steadily. However, advancements in biomedical science will create a lucrative opportunity for drugmakers in the near future. The rising mergers and acquisitions between these vendors and the ongoing product launches will also influence this market greatly in the coming years.

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Immunomodulators (Avonex/Plegridy, Copaxone, Gilneya, Betaseron/Extavia, Tysabri, Rebif, Tecifidera, and Ampyra) and immunosuppressant (Ocrelizumab, Lemtrada, Aubagio, and Zinbryta) have emerged as the most preferred drug classes used for the treatment of multiple sclerosis and its associated symptoms. Researchers expect this scenario to remain so over the next few years.

Oral, injectable, and intravenous have been identified as the main modes of administration of multiple sclerosis drugs across the world. The demand for oral drugs is higher and is expected to remain so over the forthcoming years.

Global Multiple Sclerosis Drugs Market: Geographical Analysis

North America, Europe, Asia Pacific, and the Rest of the World are considered as the predominant geographical segments of the global market for multiple sclerosis drugs. Among these, North America dominates the overall market, thanks to the presence of a state-of-art medical and healthcare infrastructure. In this region, the U.S. has acquired the topmost position and is trailed by Canada.

Europe and Asia Pacific are also experiencing a robust rise in the demand for multiple sclerosis drugs. In Europe, Spain, Germany, France, Italy, and the U.K. have been leading the market for multiple sclerosis drugs. China, Japan, and India are key contributors to the market for multiple sclerosis drugs in Asia Pacific. The Asia Pacific market is likely to exhibit a higher growth rate than other regional markets over the next few years, thanks to the increasing construction manufacturing and research facilities of a number of leading manufacturers of multiple sclerosis drugs.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Anti-infective Drugs Market is Projected to Expand at a CAGR of 4.2% From 2017 to 2025

The growth of the global market for anti-infective drugs hinges onto the development of the research domain within the medical industry. Transparency Market Research (TMR) elucidates the competitive dynamics of the global market for anti-infective drugs and presents an analysis of the trends exhibited by the market vendors. It is anticipated that the leading market players in the global anti-infective drugs market would reap in commendable benefits from the growing need for anti-infection treatments. The market is expected to witness a series of mergers and acquisitions involving small, medium, and large-sized market players. This trend is projected to come about as a result of the instable dynamics of the global market for anti-infective drugs.

The leading market players in the global anti-infective drugs market are expected to counter the entry of new vendors by rolling out key plans for better research and development. Furthermore, these market players are also projected to make an archetype of development based on their past experiences. Some of these key players in the global anti-infective drugs market are Merck & Co., Inc., Pfizer, Inc., Bayer AG, GlaxoSmithKline plc, Gilead Sciences, Novartis AG, and Bristol-Myers Squibb.

Transparency Market Research (TMR) estimates that the global market for anti-infective drugs would accumulate revenues worth US$ 153.3 Bn by 2025, rising up from a value of US$ 106.5 Bn in 2016. Furthermore, the CAGR of the global anti-infective drugs market is projected to be 4.20% for the period between 2017 and 2025. Based on the type of drugs, anti-viral drugs have attracted the highest demand over the past decade. On the basis of geography, the market for anti-infective drugs in North America is expected to outdo other regional segments.

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High Incidence of Infectious Diseases to Propel Demand

Anti-infective drugs can be used for a variety of purposes including killing infectious microorganisms or suppressing their effect. Hence, the rising incidence of diseases caused by bacteria, viroids, viruses, macro parasites, and fungi is expected to bring in commendable revenues within the global market for anti-infective drugs. Furthermore, the introduction of several new drugs in the market has also expanded the scope of growth for the market players.

Despite the affluent growth of the medical sector, the gap of unmet needs is expansive, and this leads to the increased usage of anti-infective drugs in the medical industry. Moreover, antibacterial resistance is necessary to ensure that surgeries and other invasive treatments have a higher success rate. This also leads to the growth of the global market for anti-infective drugs market and creates lucrative opportunities for market players.

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Regulatory Framework for Drug Usage Could Hamper Growth

Several new opportunities have opened up for the market players in the global market for anti-infective drugs. However, the strict regulations with regards to the usage of drugs could act as a hindrance to the growth of the global market for anti-infective drugs. Furthermore, the side-effects of consuming these drugs for prolonged durations have also raised apprehensions in the minds of the consumers. Nevertheless, the extensive prescription of anti-infective drugs by the medical practitioners shall prove to be beneficial for the global market.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research
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Thyroid Gland Disorders Treatment Market is Expanding at CAGR of 3.3% From 2017 to 2025

The global thyroid gland disorder treatment market represents a highly competitive and fragmented landscape. This is mainly due to the presence of numerous small and large players in the market, says Transparency Market Research.

Some of prominent players operating in the global thyroid gland disorder marker are Abbott, Pfizer, GlaxoSmithKline, Mylan N.V., and Amgen. These players are relying on several strategies such as partnership agreements, regional expansions, brand awareness activities, and increase product profiliration in order to gain a competitive edge in the market.  In addition, increasing FDA approval of novel drug patent for the treatment of thyroid gland disorder treatment market is expected to fuel rivalry among players in the coming years.

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In june 2018,  Hutchison China MediTech Limited, a key players in the global throid gland disorder treatment market has  initiated a Phase Ib/II proof-of-concept study of sulfatinib in pancreatic neuroendocrine. Once developed and successfully tested the drug is expected to treat tumors and biliary tract cancer efficiently. This is expected to fuel tyroid gland disorder market in the coming years.

In the same year, another player called AmpliPhi Biosciences Corporation presented a AB-PA01 Bacteriophage Therap. As per the company it is helpful in treating patient with cystic fibrosis.

According to TMR, the global thyroid gland disorders treatment market was noted at  a valuation of US$1,954.7 mn in 2016. The market is expected to rise at a steady 3.3% CAGR from 2017 to 2025. Rising at this CAGR, the global thyroid gland disorder treatment market is expected to hit a valuation of US$2,609.9 mn by 2025.

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On the basis of geography, North America is anticipated to dominate the global thyroid gland disorder treatment market during the forecast period. This can be attributed by the fact higher investments in research and development of novel drugs and equipment for treatment of chronic disorders. Along with this, early adoption of advanced healthcare technologies, rising awareness and increasing geriatric populations are some of the predominant factors expected to drive the global thyroid gland disorder treatment market in the coming years. Based on disorder, the Hypothyroidism segment  is expected to lead the global throid gland disorder treatment market in the forecast period.

Side Effects of Thyroid Gland Disorder Treatment Drugs to Impede Growth

The global thyroid gland disorder treatment market is anticipated to garner a stready growth during the forecast period. Key factor contributing the growth of thyroid gland disorder treatment market include  market include increasing prevalence of thyroid gland disorder, surge in geriatric people, rise in awareness programs by private and public body.

However, side effects of thyroid gland disorder treatment drugs, habit forming nature and stringent government regulations regarding the sales of medicines are some of the factors expected to hamper growth in the global thyroid gland disorder treatment market. In addition to this asymptomatic nature of thyroid gland disorder is one factor impeding growth in the thyroid gland disorder treatment market. This is because several thyroid gland disorder cases left untreated owing to poor diagnostic.

Unprecedented Rise in Alcohol and Tobacco Consumptions to Drive Growth

Nevertheless, increasing cases of iodine deficiency across the globe is a strong factor expected to propel the growth in the global thyroid gland disorder treatment market.

Moreover, rise in alcohol and tobacco consumption also leads the thyroid disorders.  This is because they contain thiocyanate, a compound responsible to degrade thyroid functioning. This is also expected to open several opportunities for growth of the global thyroid gland disorder treatment market.

This assessment of the global thyroid gland disorders treatment market is based on a recent market research report by Transparency Market Research, titled “Thyroid Gland Disorders Treatment Market (Disorders – Hypothyroidism (Levothyroxine and Liothyronine) and Hyperthyroidism (Imidazole and Propacil)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025.”

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Transparency Market Research
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Thrombin Market will Going to be Worth US$690.1 mn by the End of 2025

In a new study, Transparency Market Research (TMR) revealed the fragmented vendor landscape of the global thrombin market, with a dispersed presence of several players across various nations. The study has identified companies such as Johnson & Johnson Services Inc., Pfizer Inc., and Mallinckrodt Pharmaceuticals as dominant players within the global thrombin market. Other prominent players operating in the market include Shanghai RAAS blood products co., Ltd., Japan Blood Products Organization, and Mochida Pharmaceutical Co., Ltd. These companies have found a stronghold in Asia Pacific.

According to TMR, the global thrombin market is likely to reach US$690.1 mn by the end of 2025, as compared to US$496.1 mn in 2016. Between 2017 and 2025, the global thrombin market is likely to expand at a steady 3.8%. Holding nearly 57.5% of the global thrombin market, North America emerged dominant in 2016. In North America, the US emerged as a highly lucrative market, exhibiting a rather high adoption of hemostatic thrombin products influenced by the high healthcare spending included in overall national budget, easy access to advanced technologies, and high awareness among consumers. Among end users, the hospitals segment is likely to contribute the highest revenue to the global market.

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Demand for Thrombin Poised to Rise in Response to Rising Surgical Cases Worldwide

According to the World Health Organization (WHO), road traffic accidents account for around 1.25 million deaths globally every year. Globally, hemorrhage or excessive bleeding is responsible for over one third of pre-hospital deaths and around 40% of deaths within the first 24 hours of trauma or onset of bleeding. Rise in number of surgical cases globally is expected to drive thrombin market. The patient pool with different chronic diseases is also growing rapidly across the world. This is likely to increase the number of surgical procedures, consequently propelling the thrombin based hemostasis products market in the near future. Preoperative hemostasis is vital and required for effective management of blending during invasive and other operative procedures which involve the use of blood products such as thrombin-based hemostats and other hemostatic agents to enhance patient’s natural blood clotting ability. Adoption of these thrombin-based hemostats for effective control of bleeding during surgeries in countries such as the U.S. is likely to fuel the growth of the thrombin market during the forecast period.

Thrombin is used in various diagnostic procedures such as coagulation assays, defibrination of blood plasma, and clotting factor tests. Thrombin is also used in research and development of fusion of recombinant proteins, medical, and biochemical research applications. Rising use of thrombin in diagnostic tools is anticipated to support growth of global thrombin market and in addition will create new opportunities in the near future.

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High Cost of Thrombin may Negatively Impact its Sales across World

High cost as compared to substitute and conventional hemostats is likely to hamper the growth of the global thrombin market. High cost of standalone thrombin based hemostats limits adoption of thrombin therapy in regions such as the U.S., Asia Pacific, and Europe. Thrombin immunogenicity has been observed in patients in the U.S. and has become a challenge where all three (bovine, human, and recombinant) thrombin available in the market. Therefore, postoperative complications is a major factor hampering the growth of the global thrombin market. A major challenge faced by protein drug substances and peptide drug product manufacturers is absence of uniform and harmonized set of guidelines to define the level of impurities permissible in peptide therapeutics.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Carglumic Acid Market is Anticipated to Reach a Value of US$ 190 Mn by 2026-end

The demand within the global market for carglumic acid has been rising on account of advancements in the pharmaceutical industry, finds Transparency Market Research (TMR). Carglumic acid is used to manufacture several forms of therapeutic tablets, and this is a key standpoint from the perspective of market growth. The leading vendors in the global carglumic acid market have set on a spree to tie up with new selling points for this acid. This strategy will not just earn a greater market share for the players, but shall also bring in humongous revenues into their kitty. The global carglumic acid market is expected to undergo successive fragmentation as several smaller vendors come under the spotlight of attention.

There is a high possibility of healthcare entities investing in the global carglumic acid market in the years to come. This trend shall pave way for the inflow of increased revenues into business of small and large vendors in the global carglumic acid market. The medium-sized players in the global carglumic acid market are expected to merge in with the larger and established players. Some of the key vemdors in the global carglumic acid market are Recordati S.p.A, Dipharma Francis S.r.l., Civentichem LLC, and Dipharma.

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Transparency Market Research (TMR) finds that the global market for carglumic acid would expand at a CAGR of 7.5% over the period between 2017 and 2026. Furthermore, the global carglumic acid market is projected to be worth 187.0 million by 2026-end. On the basis of distribution channel, carglumic acid is expected to be sold out via retail pharmacies at a healthy rate. Based on regions, the market for carglumic acid in North America shall expand alongside advancements in the medical industry in the US.

New Research Mechanisms to Aid Market Growth

There is recurring need for improved medications and tablets for the treatment of several diseases. Hence, the use of carglumic acid for the manufacture of effective tablets and therapeutics is expected to bring in voluminous revenues into the global carglumic acid market. Furthermore, the presence of a robust industry for biological research has also led to the growth of the global carglumic acid market. The usage of carglumic acid spans across a wide range of industries such as pharmaceuticals, cosmetics, and chemicals. This factor is also expected to play a crucial role in the growth of the global carglumic acid market in the years to come. New research methodologies and techniques in the field of biomedical research has also aided the growth of the global carglumic acid market.

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Development of E-Commerce Channels to Aid Market Growth

The global market for carglumic acid has accumulated voluminous revenues over the past decade. Presence of improved hospital pharmacies and renewed retail outlets has led to the growth of the global carglumic acid market in recent times. Furthermore, the sale of carglumic acid through e-commerce channel is a revolutionary trend that has emerged in the global market. Therefore, it is safe to prognosticate that the global carglumic acid market would expand at a boisterous rate in the years to come.

The review is based on TMR’s report titled, “Carglumic Acid Market (Delivery Format- Tablet, orally disintegrating, Tablet, for suspension; Distribution Channel- Hospital Pharmacies, Retail Pharmacies, E-Commerce) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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