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What Are The Major Factors Driving Retinal Biologics Market Growth?

The Retinal Biologics Market is experiencing a surge in demand, fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead, the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a staggering market valuation of US$41.92 billion by 2028, highlighting the significant potential of retinal biologics in revolutionizing eye care.

The remarkable expansion of the Global Retinal Biologics sector is fueled by advancements in technology, innovative research, and a growing demand for cutting-edge treatments. As the industry continues to evolve, it presents unprecedented opportunities for stakeholders, investors, and healthcare professionals alike.

Key Retinal Biologics Market Insights:

Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.
Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.
Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.
Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.
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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent

Retinal Biologics manufacturers offer their goods through institutional and retail distribution channels. According to the FMI report, institutional sales in the Retinal Biologics Industry, where Retinal Biologics are supplied in speciality clinics and hospitals, will generate higher revenues. In 2018, hospital sales accounted for more than 35% of market revenue.

According to the report, retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Retail distribution takes place through retail pharmacies and mail-order pharmacies, with retail pharmacies generating more money than their counterparts in the future years.

Penetration in North America Higher, APEJ’s Attractiveness to Increase

North America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates, North America accounted for more than 46% of global Retinal Biologics Industry revenues in 2018. Revenues in North America are predicted to expand 10.4% year on year in 2019 due to an increase in the prevalence of retinal illnesses, continuous growth in the healthcare infrastructure, and a favourable reimbursement scenario.

Europe accounted for about one-fourth of the Retinal Biologics market, with Western European countries such as Germany, the United Kingdom, France, Italy, and Spain accounting for the majority of demand penetration. The APEJ Retinal Biologics Industry is predicted to grow at an 11% annual rate in 2019, with China and India remaining the most lucrative areas.

Retinal Biologics Find Prominent Use in Macular Degeneration Treatment

The study opines that over 35% of the Retinal Biologics revenues were consolidated in the treatment of macular degeneration. The highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where Retinal Biologics are used in 2019.

Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataracts and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affects people aged 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.

Key Players Covered In The Retinal Biologics Market:

Spark Therapeutics, Inc.
F. Hoffmann-La Roche Ltd.
Regeneron Pharmaceuticals, Inc.
AbbVie Inc.
Amgen Inc.
Novartis Pharma AG
MeiraGTx Limited
Oxurion NV
Santen Pharmaceutical Co., Ltd.
Bayer AG
Bausch Health Companies Inc.
Merck & Co., Inc.
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Key Segments of Global Retinal Biologics Industry Survey

Retinal Biologics Market by Drug Class:

VEGF-A Antagonists
TNF-α Inhibitors
Retinal Biologics Market by Indication:

Macular Degeneration
Diabetic Macular Edema
Diabetic Retinopathy
Uveitis
Others
Retinal Biologics Market by Distribution Channel:

Institutional Sales
Retail Pharmacies
Mail Order Pharmacies
Retail Sales

What is the Growth Outlook for the Recombinant Vaccines Market?

The recombinant vaccines market is poised for robust growth, projected to reach a promising revenue of US$2,440.6 million by the year 2028, supported by a commendable Compound Annual Growth Rate (CAGR) of 6.1%. This signifies a strong and steady upward trajectory for the market, reflecting increasing demand and advancements in the field of recombinant vaccines.

Recombinant vaccines, which are comparatively safer and more affordable, are gaining significant traction on a global scale during this decade. With an increasing emphasis on preventive healthcare, vaccines are gaining momentum worldwide, including in developing economies that continue to grapple with a substantial demand-supply gap, resulting in a significant shortage of vaccines. Nonetheless, several prominent non-profit organizations are continually initiating funding collaborations to enhance the accessibility of crucial vaccines in developing countries.

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Key Dynamics Analysis Evaluates the Role of Collaborative Activities and R&D

On the backdrop of how Sanofi’s acquisition of protein Sciences in 2017 has been boosting the former’s Flubok (recombinant vaccines for flu) manufacturing capacity, several players in recombinant vaccines space are strategizing mutual alliances in coming years. Strategic collaborations between leading players in the recombinant vaccines space is likely to provide a strong impetus to the overall market growth.

Moreover, according to WHO, growing prevalence of rare disease instances such as Ebola, Crimean Congo, MERS, hemorrhagic fever, Marburg, Lassa Fever, Nipah, SARS coronavirus diseases, and Rift Valley Fever is attracting R&D interests of recombinant vaccines manufacturers, thereby pushing growth of the market in the near future

FMI Study Positions Western Europe as Growth Engine of Recombinant Vaccines Landscape

Western Europe currently represents just-under 1/3rd share of the global market revenue, attributed to growing government support for vaccine development and vaccination campaigns. Strong presence of key market players in this region and their increasing investments in R&D of recombinant vaccines further accentuate Western Europe’s top performing spot.

The report projects impressive growth prospects for Asia Pacific and Japan in coming years. However, APAC is especially portrayed lucrative owing to dramatically growing healthcare spending and an expanding target population that struggles with highly unmet clinical needs, despite growing consumer awareness about vaccination merits.

Mature regional markets in North America and Europe remain differentiated due to effective presence of leading biopharmaceutical companies that boast of GMP certified sterile manufacturing facilities, contributing significant towards the revenue growth of recombinant vaccines market in these regions.

Segmental Analysis Reveals Neck-on-Neck Competition between Subunit and Attenuated Vaccine Types

Based on the recombinant vaccines market assessment by type, subunit recombinant vaccines currently hold the largest value share but are likely to lose a bit of it to attenuated recombinant vaccines. Both the segments collectively cover around 90% share of the total market revenue.
Applications of recombinant vaccines in human vaccination continue to reflect maximum attractiveness over veterinary applications. A majority of the total market revenue is contributed by recombinant vaccines for humans, as indicated by the report.
Private clinics and dispensaries remain the most preferred channel for vaccines distribution, followed by pharmacies. Hospital pharmacies hold a larger share than retail pharmacies, though latter is poised for promising expansion in coming years.
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Top Two Players Represent a Whopping 80% Market Value Share, Concludes Competition Analysis

According to the FMI study, GlaxoSmithKline plc and Merck & Co., Inc. collectively account for more than 80% revenue share in recombinant vaccines marketplace, keeping the landscape highly consolidated. While the former primarily focuses on strategic collaborations, the latter strategizes new product launches for an expanded market share.

GSK’s candidate vaccine launched in 2017 claims to prevent pulmonary TB in HIV negative adult patients.
Merck announced the three studies of the first phase of its investigational pneumococcal vaccine, early in 2018.
Competition tracking uncovers a few more important insights that can potentially direct strategy building efforts of competitors in the recombinant vaccines market at a global level.

New market entry aspirants are prominently opting for the adoption of mammalian protein expression systems in recombinant vaccines manufacturing that accelerate the entire production process.
Established players in recombinant vaccines landscape are prioritizing the development of new variants of existing vaccines.
Contractual alliances with non-profit organizations are likely to earn higher profit shares for manufacturing leaders in recombinant vaccines market.

Membrane Microfiltration Market Outlook (2022-2028)

The Global Membrane Microfiltration Industry is on an upward trajectory, with a projected valuation of US$8.05 billion by 2028. This translates to a healthy Compound Annual Growth Rate (CAGR) of 7.9% anticipated from 2022 to 2028. Recent market developments point towards a strong industry valued at US$5.09 billion in 2022.

The research sheds light on the burgeoning market dynamics, attributing the robust growth to various factors. Microfiltration, identified as one of the newest alternatives to traditional heat treatment methods, has emerged as a key player in the industry. This cutting-edge technology not only reduces bacteria but also enhances the shelf life of dairy products while preserving their fundamental taste.

In the realm of dairy product preservation, traditional techniques such as pasteurization, heat treatment, and sterilization have long been employed. However, the adoption of membrane microfiltration in the milk sector is gaining significant traction, marking a notable trend in the global market.

The Future Market Insights study dives deep into the factors driving this substantial growth and presents a comprehensive analysis of the industry landscape. The report provides valuable insights for businesses, investors, and stakeholders seeking to understand and capitalize on the burgeoning opportunities within the Global Membrane Microfiltration Industry.

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Increasing adoption of ceramic microfiltration membranes for cross-flow filtration in water plants is another key trend, as ceramic membranes help maintain a high filtration rate and ensure enhanced savings in membrane replacement costs.

Manufacturers in the Global Membrane Microfiltration Industry are producing robust microfiltration systems using large filter cartridges that occupy less space and eliminate the number of filtration system connections, thereby reducing maintenance costs.

A preference for continuous fermentation over batch processing is also being observed, with manufacturers increasingly deploying membrane microfiltration technology in their plants. These trends are likely to positively impact the revenue growth of the Global Membrane Microfiltration Industry in the coming years.

Increasing Applications in Industrial Biotechnology and Widespread Use of Large Molecule Biopharmaceuticals Pushing Revenue Growth of the Global Membrane Microfiltration Industry

Membrane microfiltration is finding application in the production of biofuel and biorefineries are incorporating this technology to lower overall energy costs and reduce industrial biowaste. Membrane microfiltration is also increasingly used in biodiesel processes where this technology is used to reuse water, especially in areas of water scarcity. The rising industrial applications of membrane microfiltration are fuelling revenue growth in the global market. Also, filtration is a critical component of biopharmaceutical production, and membrane microfiltration is widely used to remove cellular debris and other cellular colloids. With a growing adoption of large molecule biopharmaceuticals owing to their therapeutic properties, the demand for membrane microfiltration technology in the production of biopharmaceuticals is expected to surge shortly.

Membrane microfiltration is also extensively used in the food and beverages industry as a technology to separate and purify components and improve the quality and yield of food products. Increasing use in vegetable and fruit juices, fermented dairy products, milk and dairy products, non-alcoholic beverages, and other food and beverage products is expected to spur revenue growth of the Global Membrane Microfiltration Industry to a significant extent. One of the other critical application areas of membrane microfiltration is in water treatment plants. Membrane microfiltration helps remove unwanted particles from water before the water is treated for purity using other processes such as reverse osmosis. A growing need for quality potable water is further driving the growth of the membrane microfiltration market.

Future Market Insights Recommends…

With newer applications of membrane microfiltration coming to the fore, Future Market Insights feels there is a great deal of opportunity for key players operating in the global market. Water treatment and food and beverages are two important end-use application areas that manufacturers can target with their advanced solution offerings. China is projected to be the fastest-growing regional market for membrane microfiltration in terms of demand for the technology, and manufacturers would be well advised to focus on this region to augment their market share. By setting up robust supply chains in regions that are anticipated to develop at a faster pace in the coming years, manufacturers can benefit from the lucrative opportunities presented by local markets to up their current standing in the Global Membrane Microfiltration Industry.

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Key Segments Covered in the Global Membrane Microfiltration Industry Survey

Membrane Microfiltration by Material Type:

Cross Flow Membranes
PES Membrane Filters
PP Membrane Filters
PVDF Membrane Filters
PTFE Membrane Filters
PEEK Membrane Filters
Poly Imide Membrane Filters
Cellulose Membrane Filters
Direct Flow Membranes
PES Membrane Filters
PP Membrane Filters
PVDF Membrane Filters
PTFE Membrane Filters
PEEK Membrane Filters
Poly Imide Membrane Filters
Cellulose Membrane Filters
Membrane Filtration by Application:

Biopharmaceutical Processing
Water Treatment Applications
Dairy & Food Processing
Chemical Applications
Others
Membrane Filtration by Region:

North America Membrane Filtration Market
Latin America Membrane Filtration Market
Europe Membrane Filtration Market
East Asia Membrane Filtration Market
South Asia & Pacific Membrane Filtration Market
Middle East & Africa (MEA) Membrane Filtration Market

Veterinary Dermatology Market Outlook from 2024 to 2034

The Global Veterinary Dermatology Industry is experiencing phenomenal growth, reflecting a surge in pet ownership and a growing focus on animal well-being. According to a recent market analysis, the industry is poised to reach a staggering US$22 billion by 2034, up from an estimated US$8.9 billion in 2024. This translates to a promising Compound Annual Growth Rate (CAGR) of 9.4%, highlighting the increasing importance of specialized dermatological care for pets.

Environmental allergens, genetic predispositions, and lifestyle changes contribute to the growing incidence of skin issues in animals. Pet owners are becoming increasingly aware of the importance of proper dermatological care for their pets, leading to a higher demand for veterinary dermatology services and products.

One of the primary threats facing the veterinary dermatology market is the emergence of antibiotic-resistant bacteria. Antibiotic resistance poses a significant challenge in treating bacterial skin infections in animals, limiting the efficacy of conventional antibacterial drugs. This threat complicates the management of dermatological conditions in pets and underscores the need for alternative treatment approaches and the development of novel antimicrobial agents to combat resistant strains effectively.

A notable trend in the veterinary dermatology market is the growing popularity of natural and organic pet skincare products. Pet owners increasingly seek safer and eco-friendly alternatives to conventional dermatological treatments, leading to a surge in demand for natural remedies and products free from harsh chemicals and additives. This trend reflects a broader shift towards holistic pet care and wellness, emphasizing promoting skin health through natural means.

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Key Takeaways from the Global Veterinary Dermatology Industry Study:

Under the drug class, the antibacterial drugs are registered to expand at 9.2% CAGR by 2034.
The United Kingdom is estimated to register at a CAGR of 10.1% by 2034.
China experiences significant growth, projected at a CAGR of 9.8% by 2034.
Based on the route of administration, the oral segment is anticipated to expand at 9% CAGR by 2034.
“The increasing awareness among pet owners about the importance of skin health in their pets is one significant driver for the veterinary dermatology market,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Global Veterinary Dermatology Industry Competitive Landscape:

A diverse range of players, including pharmaceutical companies, specialty clinics, and diagnostic laboratories, characterizes the competitive landscape of the veterinary dermatology market.

Product innovation, pricing strategies, and geographic presence drive competition. Partnerships and collaborations among industry players also play a significant role in shaping market dynamics. Some of the key developments are:

In October 2022, Pet King Brands, Inc. expanded its ZYMOX Enzymatic Dermatology line with three new products tailored for cats and kittens, addressing ear and skin issues.
In January 2021, Ceva Animal Health introduced Douxo S3 Pyo skincare pads for cats and dogs, enhancing the range by offering convenient antibacterial action alongside skin hydration and protection.
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Global Veterinary Dermatology Industry – Key Segments:

By Drug Class:

Antibacterial Drugs
Antifungal Drugs
Antiparasitic Drugs
Other Drug Classes
By Indication:

Parasitic Infections
Allergic Infections
Autoimmune Skin Diseases
Skin Cancer
Other Indications
By Route of Administration:

Injectable
Topical
Oral
By Animal Type:

Companion Animals
Dogs
Cats
Horses
Other Companion Animals
Livestock Animals
Bovine
Swine
Other Livestock Animals
By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and the Pacific
East Asia
The Middle East and Africa

Large Molecule Bioanalytical Testing Services Market Outlook (2023 to 2033)

Future Market Insights (FMI), a leading market intelligence and consulting firm, has recently released its comprehensive analysis of the Global Large Molecule Bioanalytical Testing Service Industry. According to the report, the current market value exceeds US$1.5 Billion and is projected to soar to US$4.7 Billion by 2033, registering an impressive Compound Annual Growth Rate (CAGR) of 12.1% from 2023 to 2033.

The Clinical Phase segment is identified as a major revenue generator, expected to witness a robust CAGR of 10.9% during the forecast period from 2023 to 2033.

The surge in demand for bioanalytical testing services can be attributed to the rising prevalence of HIV, infectious illnesses, and various disorders. Additionally, governmental initiatives to curb the spread of infectious diseases, including Corona and the Ebola virus, are anticipated to fuel further growth in the market.

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Throughout the projection period, increased research activities and the presence of a vast pipeline of peptides, biologics, and amino acid-based compounds are expected to move the market ahead. Bioanalysis of large molecules also involves the utilization of highly skilled professionals as well as analytical gear and infrastructure.

With a CAGR of 12.3% during the projected period, Large Molecule Bioanalytical Testing Service revenue is expected to grow at a significant pace in North America. Because of the rising frequency of numerous chronic diseases and the growing use of large-molecule medicines as an alternative to small molecules, the United States has the largest market share.

Global Large Molecule Bioanalytical Testing Services Industry Competitive Landscape

The key players operating in the Global Large Molecule Bioanalytical Testing Services Industry include Covance, IQVIA, Syneos Health, SGS SA, Toxikon, Intertek Group plc, Pace Analytical Services LLC, ICON Plc, Charles River Laboratories, and Thermo Fisher Scientific.

A few of the recent developments of key Global Large Molecule Bioanalytical Testing Services Industry providers are as follows:

In November 2021, LabCorp announced the introduction of a new bioanalytical lab facility in Singapore. This laboratory is an expansion of its central laboratory services and will enable to the expansion of the capabilities of the biomedical ecosystem in Singapore.
In February 2021, Nexelis acquired GSK’s Marburg, Germany-based vaccines clinical bioanalytical laboratory to expand its bioanalytical capabilities.
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Market Segments Covered in Global Large Molecule Bioanalytical Testing Services Industry Analysis

By Phase:

Preclinical
With Antibody
Without Antibody
Clinical
By Type:

Pharmacokinetics
ADA
Others
By Test Type:

ADME
PK
PD
Bioavailability
Bioequivalence
Other Tests
By Therapeutic Area:

Oncology
Infectious Diseases
Cardiology
Neurology
Others