The global active pharmaceutical ingredient market is growing significantly, valuing at US$ 152.6 Bn in 2017 and expected to reach US$ 273.7 Bn by 2026. Worldwide growing chronic diseases along with rising incidences for respiratory, cardiovascular, and oncology drives the overall market growth during the forecast period. In addition, new technological progresses in biologics & other specialty drugs along with favorable public and private funding in the pharmaceutical sector across various developing countries will further assist in the API market growth.
Acyclic nature of mining and construction industry have a direct impact on the bulk material handling equipment market. Consequently, bulk material handling equipment projected to reach US$ 56.83 Bn in 2026 from US$ 38.29 Bn in 2017. The market estimated to register a moderate growth rate of 4.5% owing to modest mining and construction sector.
The medical marijuana market is set to reach US$ 57,582.5 Mn by 2026 from US$ 13,908.7 Mn in 2017 at a compound annual growth rate (CAGR) of 17.1% during the forecast period from 2018 to 2026. According to the International Association for the Study of Pain (IASP) any pain persisting for more than six months in defined as chronic pain.
Odor control systems market value expected to hit US$ 4,070.5 Mn by 2026, expanding with a CAGR of 3.6% during the forecast period from 2018 to 2026. Principally governed by Asia Pacific, odor control systems market majorly driven by rising regulations for environmental protection by several governing bodies.
Bio-based polyethylene terephthalate (PET) market projected to exhibit the CAGR of 20.8% during the forecast period from 2018 to 2026. Bio-based polyethylene terephthalate (PET) market is currently gaining traction owing to rising demand for eco-friendly sustainable solution from end-use industries coupled with growing public awareness and increasing customer interest in bio-based plastics.
Computational biology is an interdisciplinary science that is being persistently advancing through the previous decades by using the power of mathematics and computation. The primary aim of computational biology is to employ large-scale computational methods to the fields of cellular, structural and molecular biology for answering emerging biological questions which were earlier not possible to be tackled with traditional approaches.
The global pulmonary arterial hypertension (PAH) treatment market accounted for a value of US$ 10,174.9 Mn in 2021 and expected to attain US$ 19,093.2 Mn by 2033. Drivers accountable for the market growth are worldwide growing elderly population along with increasing prevalence of pulmonary arterial hypertension due to rising risk factors such as connective tissue disorders, human immunodeficiency virus (HIV) infection, chronic liver diseases, lung diseases, sedentary lifestyle, and other idiopathic conditions.
Across the world, deep brain stimulation (DBS) is being used for treating pain and movement disorders such as tremors and Parkinson’s disease. Some other recognized conditions for deep brain stimulation include epilepsy, obsessive compulsive disorders and dystonia.
Water being the most vital and rapidly shrinking resource on earth, equipment required to test water quality experiencing a consistent growth registering a market value of US$ 3.38 Bn in 2017. The market projected to touch US$ 5.60 Bn marks in 2026 growing with a growth rate of 5.8% throughout the forecast period from 2018 to 2026.
In the U.S. the prevalence of pressure ulcers in intensive care units ranges from 16.6% to 20.7%. It is also reported that annually US$ 11 billion is spent on the treatment of pressure ulcers, with US$ 500 to US$ 70,000 spent on a single wound. In spite of availability of better assessment tools, new CMS ruling eliminating hospital reimbursement when stage 3 or 4 pressure ulcer is hospital acquired and emergence of new technologies to reduce pressure ulcers, the condition remains a significant healthcare problem.
