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Pet DNA Testing Market is anticipated to hold a share of US$ 839.84 million by 2033
The Pet DNA Testing Market is anticipated to expand its roots at a steady CAGR of 9.1% between 2023 and 2033. The market is anticipated to cross a market share of US$ 839.84 million by 2033 while it is likely to be valued at US$ 351.52 million in 2023.
Increased adoption of dogs and cats post-pandemic along with people treating their pets as family members is fueling the demand for pet DNA testing solutions. Furthermore, the higher veterinary budget is also expanding the research and development facilities.
Expanding breeding businesses and end users buying dogs of foreign breeds. Moreover, conducting breed origin tests is also fueling the demand for pet DNA tests. Apart from the breed identification possible genetic threats could also be found through the test.
The integration of veterinary technology with the digitization of veterinary healthcare along with dog breed tests.
People are curious to know more about their pets, ancestral history, and characteristics. These details optimize their diet regime and exercise which fuels the sales of pet DNA tests.
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Key Points:
The United States market leads the pet DNA testing market in terms of market share in North America. The North American market held a market share of 35.0% in 2022. The market growth is attributed to the increase in pet care units and pet humanization.
The United Kingdom pet DNA testing market is another significant market from the European region. Regional growth is attributed to government efforts and, advancements in pet genetics technology.
The Chinap pet DNA testing market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is owed to increased pet adoption, advanced DNA testing, and expanding breeding business.
By test type, the genetic diseases segment held a share of 35.0% in 2022. This is due to the increased amount of information and potential health threats.
Competitive Landscape:
The key vendors work on producing pet DNA testing solutions with higher accuracy, small diagnostics time, and affordable pricing. The market players also focus on creating easy-to-use products. Key competitors are indulged in mergers, acquisitions, and partnerships to increase their supply chain and distribution channel. The key players in the market are Wisdom Panel (Mars, Inc.); Embark Veterinary, Inc.; Dognomics (Clinomics); Basepaws, Inc. (Zoetis); and NeoGen Corp.
Recent Market Developments:
Wisdom panel introduced a `wisdom panel dog DNA test for breed detection. The test delivers information such as the dog’s color, strength, energy, and fur.
Embark Veterinary launched tests involving breed identification, health and wellness tests, and faster test results.
Dognomics dog DNA tests have eased their testing procedures with three simple steps: sign up, swab, and send. While swabbing takes 5-10 secs, the company has free shipping in the United States.
Market Segmentation:
Animal Type Outlook:
Dogs
Cats
Sample Type Outlook:
Blood
Saliva
Semen
Others
Test Type Outlook:
Breed Profile
Genetic Diseases
Health & Wellness
End User Outlook:
Pet Owners
Breeders
Veterinarians
Key Regions Covered:
North America
United States
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
United Kingdom
France
Spain
Russia
Rest of Europe
Japan
Asia Pacific Excluding Japan
China
India
Malaysia
Singapore
Australia
Rest of APEJ
The Middle East and Africa
GCC Countries
Israel
South Africa
Rest of Middle East and Africa
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Hepatic Encephalopathy Treatment Market, Anticipating US$ 2971.51 Million by 6.5% CAGR by 2033
During the forecast period 2023 to 2033, the Hepatic Encephalopathy Treatment Market is expected to grow at a value of 6.5% CAGR, according to Future Market Insights. By the year 2033, the global market for Hepatic encephalopathy treatment is expected to rise up to a market valuation of US$ 2971.51 Million. The growth of the market can be attributed to the increasing prevalence of liver diseases such as cirrhosis and non-alcoholic fatty liver disease (NAFLD).
One of the key factors driving the growth of the Hepatic Encephalopathy Treatment Market is the development of new and innovative treatments for HE. In recent years, several new medications have been approved for the treatment of HE, including rifaximin, lactulose, and neomycin. These medications work by reducing the levels of toxins in the gut or preventing their absorption into the bloodstream, which can help reduce the severity of HE symptoms.
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Another factor driving the growth of the Hepatic Encephalopathy Treatment Market is the increasing awareness and diagnosis of HE. As the prevalence of liver diseases such as cirrhosis and NAFLD continues to rise, more individuals are being diagnosed with HE and seeking treatment. In addition, advancements in diagnostic technologies have made it easier for healthcare professionals to identify HE in its early stages, allowing for earlier intervention and better outcomes.
Key Takeaways from the Market Study:
The Hepatic encephalopathy treatment market is expected to grow at a value of 6.5% CAGR in the forecast period 2023-2033
Hospital pharmacies are expected to hold 49% of the market share in 2023 for Hepatic encephalopathy treatment market.
North America is expected to possess 44% market share for Hepatic encephalopathy treatment market in 2023.
Asia Pacific Hepatic encephalopathy treatment market size is expected to possess 39% market share in 2023.
“The Hepatic Encephalopathy Treatment Market is also being driven by the increasing adoption of combination therapies for HE.” states an FMI analyst
Competitive Landscape:
Key players in the hepatic encephalopathy treatment market are Mallinckrodt Pharmaceuticals, Salix Pharmaceuticals, GlaxoSmithKline plc., Pfizer Inc., ASKA Pharmaceutical Co., Ltd., Bausch Health, Johnson & Johnson Services, Inc., Janssen Global Services, Takeda Pharmaceutical Company Limited, Merck & Co., Inc.
Mallinckrodt Pharmaceuticals has developed and marketed several medications for the treatment of Hepatic Encephalopathy that include Ofirmev and Terlipressin (Glypressin) injection. In addition to these medications, Mallinckrodt Pharmaceuticals has also sponsored clinical research into the treatment of HE, with a focus on developing new treatments and improving the understanding of the condition.
Salix Pharmaceuticals has developed Xifaxan (rifaximin) tablets. Xifaxan is an antibiotic medication that works by reducing the levels of bacteria in the gut, which can help reduce the production of toxins that contribute to the development of HE.
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Key Segments Profiled in the Hepatic Encephalopathy Treatment Industry Survey
Drug Class:
Antibiotics
Laxatives
L-ornithine
L-aspartate
Diagnosis:
Blood Tests
CT Scan
Liver Functioning Tests
Route of Administration:
Oral
Injectable
Intravenous
Others
Distribution Channel:
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
Progressive Multifocal Leukoencephalopathy Treatment Market is anticipated to reach US$ 1,773.97 million by 2033
The global Progressive Multifocal Leukoencephalopathy Treatment Market revenue is predicted to generate a value of US$ 1,320 million in 2023 and a market value of US$ 1,773.97 million by 2033, with a CAGR of 3% from 2023 to 2033. From 2018 to 2022, the market for Progressive Multifocal Leukoencephalopathy Treatment grew at a 2% CAGR.
According to the most recent research, PML affects around one in every 200,000 people. According to the same article, it is projected that 4,000 persons in the United States and Europe get PML each year. The rising demand for these therapies is projected to spur the development of new and innovative treatments, propelling the industry forward in the coming years.
North America is expected to gain a market share of around 40% throughout the projection period. This increase is due to the increasing incidence of the illness in the region. Furthermore, government efforts and an increase in the number of research collaborations are encouraging market expansion in North America. Because of a shift towards point-of-care healthcare, Asia Pacific is a booming market. The growing number of hospitals in India and China creates a global business opportunity.
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Key Takeaways from the Market Study
The Progressive Multifocal Leukoencephalopathy Treatment market increased at a 2% CAGR from 2018 to 2022.
From 2023 to 2033, the global Progressive Multifocal Leukoencephalopathy Treatment market is estimated to rise at a 3% CAGR.
The Progressive Multifocal Leukoencephalopathy Treatment Market is anticipated to be worth US$ 1773.97 million by 2033.
Hospital pharmacies have the biggest market share, according to the FMI research.
North America is estimated to have 40% of the market for Progressive Multifocal Leukoencephalopathy Treatment.
The South and East Asia market is expected to grow significantly throughout the projected period, accounting for 20% of the total.
“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Progressive Multifocal Leukoencephalopathy Treatment.” says an FMI analyst
Market Competition
Key players in the market include pharmaceutical companies such as NeoImmuneTech, Neurimmune, GlaxoSmithKline Plc, Sanofi S.A., Gilead Sciences, Inc., Allergan Plc., Novartis AG, AbbVie Inc., and Bristol-Myers Squibb Company along with healthcare providers and technology companies among other global players.
In October 2022, Cellevolve Bio, Inc., a company focused on developing and commercializing cell therapies, announced that its Investigational New Drug (IND) application for CE-VST01-JC has been approved by the US Food and Drug Administration (FDA). CE-VST01-JC is a JC Virus Specific T Cell Therapy that is being studied for the treatment of progressive multifocal leukoencephalopathy (PML) and has received orphan drug designation from the FDA.
The safety and effectiveness of CE-VST01-JC will be tested in a global, multi-center, randomized, double-blind, placebo-controlled Phase 2 study called ASCEND-JC. The study is expected to enroll up to 60 patients across the US, Canada, and EU, with the first patient enrollment anticipated in the first half of 2023.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Progressive Multifocal Leukoencephalopathy Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of indication, treatment, distribution channel, end-users and region.
Key Segments Profiled in the Progressive Multifocal Leukoencephalopathy Treatment Industry Survey
Treatment:
Anti-retroviral Therapy
Antiviral/Anti JCV
Other Symptomatic
Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Indication:
HIV/AIDS
Organ Transplantation
Multiple Sclerosis
Hematologic Malignancies
Medical Waste Management System Market Anticipated to Grow at 6.6% CAGR, Valued at US$ 15,336.9 Million by 2033
Anticipate the global medical waste management system market to reach a valuation of US$ 8,094 million by the year 2023. Over the decade following 2023, there is a strong expectation of sustained demand for medical waste management systems, with a projected Compound Annual Growth Rate (CAGR) of 6.6%. This trajectory is set to culminate in a substantial market worth of approximately US$ 15,336.9 million by 2033.
The term “medical waste” encompasses waste materials generated within medical facilities and life science processing companies. This category of waste includes a wide spectrum of items such as body parts, blood, chemicals, diverse materials, and various medical devices. These items range from used needles, syringes, and soiled dressings to diagnostic samples, pharmaceuticals, and even radioactive materials.
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Key Takeaways from Medical Waste Management System Market
North America holds more than 30% of the market share due to rising number of patients in the US and Canada coupled with strict rules/regulations set by government bodies.
Europe holds more than 25% of the market share due to growing demand for medical waste management systems to properly treat, dispose, and recycle medical waste.
The Asia-Pacific is expected to grow at the fastest rate in the medical waste management system market sue to numerous start-ups coming up with e-disposal solution for managing infectious waste.
“Increasing incidences of chronic ailments that need longer hospital stays, emphasis on medical waste management in the developing as well as developed countries, and strict regulations laid down by the government regarding appropriate medical waste disposal are the primary drivers to Medical Waste Management System Market”, says an analyst from Future Market Insights.
Competitive Landscape
Envetec Sustainable Technologies Ltd., in February 2022, tabled GENERATIONS technology, which comes across as one of the breakthrough cleantech solutions safely treating biohazardous materials and waste, inclusive of glass, plastics, sharp containers, PPE, and the other general laboratory consumables.
MediWaste was launched in March 2022 for handling biohazardous waste in Bermuda. Its functionalities include treating, transportation, and disposal of medical waste via two incinerators specifically designed for the serving the purpose mentioned above.
The United Nations Development Programme (UNDP), in collaboration with the Government of Japan, came up with a novel project in August 2022 for supporting various national health agencies with other stakeholders in Bhutan, Bangladesh, and Maldives for addressing an uncontrollable increase in infectious healthcare waste resulting out of the pandemic.
TerraConsult, in April 2019, merged with ByrneLobby for expanding its geographical presence.
Stericycle, in February 2020, made an announcement about inking an agreement with Harso Corporation about selling its business pertaining to Domestic Environments Solutions for US$ 462.5 Million.
Clean Harbors, in August 2021, completed acquisition of HydroChemPSC for US$ 1.25 Billion with the objective of strengthening the opportunities of strong customer service and brand equity.
Key Players:
BioMedical Waste Solutions LLC
Bondtech Medical Waste Containers
Clean Harbors, Inc.
Converge Medical Solutions LLC
Daniels Sharpsmart Inc.
Stericycle, Inc.
Medasend Biomedical, Inc.
Mazaya Waste Management LLC
Sharps Compliance, Inc.
Veolia Environment S.A.
REMONDIS Medison GmbH
Republic Services, Inc.
Waste Management, Inc.
Suez Environment S.A.
What does the Report unveil?
Future Market Insights offers an exclusive perspective and various real-time insights on the medical waste management system market in its latest study, presenting historical demand assessment of 2016 to 2021 and projections for 2022 to 2032.
The research study is based on service (medical waste treatment, disposable medical waste management, and medical waste recycling), by medical waste (bio hazardous medical waste management system, non-hazardous medical waste management system, sharps medical waste management system, pharmaceutical medical waste management system, radioactive medical waste management system, and other medical waste types management system), by services site (onsite medical waste management services and offsite medical waste management services), by treatment (medical waste management through incineration, medical waste management through autoclaving, medical waste management through chemical treatment, and medical waste management through other approaches), and waste generator (medical waste management system for hospitals, medical waste management system for clinics, medical waste management system for Ambulatory Surgical Centers, medical waste management system for pharmaceutical companies, medical waste management system for biotechnology companies, and medical waste management system for other waste generators).
With an ever-increasing number of government-sponsored programs hitting the floor, the medical waste management system market is bound to be unstoppable in the years to come. The government agencies adhering to regulations include the US FDA, CDC, OSHA (Occupational Safety and Health Administration), DOT (Department of Transport), and DEA (Drug Enforcement Administration).
Key Segments Covered in the Medical Waste Management System Industry Analysis
By Services:
Medical Waste Treatment
Disposable Medical Waste Management
Medical Waste Recycling
By Medical Waste:
Bio Hazardous Medical Waste Management System
Non Hazardous Medical Waste Management System
Sharps Medical Waste Management System
Pharmaceutical Medical Waste Management System
Radioactive Medical Waste Management System
Other Medical Waste Types Management System
By Services Site:
Onsite Medical Waste Management Services
Offsite Medical Waste Management Services
By Treatment:
Medical Waste Management through Incineration
Medical Waste Management through Autoclaving
Medical Waste Management through Chemical Treatment
Medical Waste Management through Other Approaches
By Waste Generator:
Medical Waste Management System for Hospitals
Medical Waste Management System for Clinics
Medical Waste Management System for Ambulatory Surgical Centers
Medical Waste Management System for Pharmaceutical Companies
Medical Waste Management System for Biotechnology Companies
Medical Waste Management System for Other Waste Generators
Cloud Based Drug Discovery Platform Market on the Rise: CAGR of 12.6% Expected, Worth US$ 2,424.33 Million by 2032
The Cloud Based Drug Discovery Platform Market is anticipated to grow at a rapid CAGR of 12.6% over the course of the forecast period. In 2022, the market will be worth US$ 2,424.33 Million. By the year 2032, it is predicted that the market for cloud-based drug discovery platforms will reach a high of US$ 7,529.59 Million.
A drug discovery platform is a place of research and development where medicines are identified for various diseases. Currently, the drug discovery platform is witnessing massive adoption of digital technologies. Cloud-based drug discovery platforms are gaining traction, as they give key players the opportunity to store huge data conveniently and in a cost-effective manner.
The benefits of cloud-based drug discovery platforms are enormous, and this is one of the key factors why it is gaining traction among end-users. This platform helps customers overcome many challenges by leveraging a network of web and mobile-accessible applications. It provides secure and collaborative project management and the ability to share project information. Moreover, the cloud-based drug discovery platform is flexible to offer end-users to customise it according to their projects.
Currently, cloud-based drug discovery platform is witnessing a period of technological advancement, as innovative features, such as publishing and sharing services are being offered to users. Cloud-based drug discovery platform is accessible through computers, notebook, and mobiles, and it is secure and can be maintained by a third party as well. Owing to all these factors, the cloud-based drug discovery platform market is anticipated to grow at a significant rate in terms of value.
Cloud-Based Drug Discovery Platform Market Dynamics
Data management is a critical issue for the pharmaceutical industry. The pharmaceutical industry is rapidly restructuring its discovery business model to completely networked and integrated research and development in order to manage the huge data it generates. Storing this data on cloud not only offers cost savings, but also improved accessibility.
Graphical representation, a dynamic and quick form of getting results, helps in decision-making at a management level. Keeping the needs of consumers in mind, key players in the cloud-based drug discovery platform are offering flexible, cost-effective, and highly secure cloud-based storage options to consumers. Cloud-based drug discover platform runs at zero lag time, saving time and giving real-time access to users. This is another reason for the growing adoption of cloud-based drug discovery platform globally.
Confidentiality and privacy issues continue to impede the growth of the cloud-based drug discovery platform market. Although many improvements have been made in the recent past, cyber hacks continue to create apprehension among many pharma players, leading to stifled adoption.
North America, Japan and Western Europe regions are some of the key players in the global cloud-based drug discovery platform market. Many pharma companies based in these regions have already adopted cloud-based drug discovery platform, and it is anticipated that in the future, more companies will follow suit. The growth of the market in Asia Pacific excluding Japan (APEJ) is expected to gain momentum during the forecast period 2016-2026.
Cloud-Based Drug Discovery Platform Market Key Players:
Some of the key players operating in the cloud-based drug discovery platform market IBM Corp, Accenture PLC, BioXcel Corporation, Cloud Pharmaceuticals, Inc., WuXi AppTec (Shanghai) Co., Ltd., Dassault Systemes BIOVIA Ltd.
The report covers exhaustive analysis on:
Global Cloud-Based Drug Discovery Platform Market Segments
Global Cloud-Based Drug Discovery Platform Market Dynamics
Historical Actual Market Size, 2013 – 2015
Global Cloud-Based Drug Discovery Platform Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Global Cloud-Based Drug Discovery Platform Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Global Cloud-Based Drug Discovery Platform Market Drivers and Restraints
Regional analysis for Global Cloud-Based Drug Discovery Platform Market includes
North America
US & Canada
Latin America
Brazil, Mexico, Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Cloud-Based Drug Discovery Platform Market Segmentation
On the basis of types of services, the cloud-based drug discovery platform market is segmented into
infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
Geographically, global cloud-based drug discovery market is segmented into
North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East and Africa (MEA)
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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