Genetic Testing Market is projected to Grow Considerably in the Coming Years

The global genetic testing market is projected to grow considerably in the coming years, due to the growing number of test to study multiple genes that may help in managing individual health condition. Additionally, the government initiatives to spread awareness with respect to the advantages of procedure is further expected to drive the growth of the market. The market is categorized into carrier testing, diagnostic testing, new-born screening, predictive & pre-symptomatic testing, prenatal testing, based on types of gene testing. Among the various types, new born screening held the largest share in 2016, due to the growing number of newborn genetic screening programs, while carrier testing is expected to project the fastest growth in demand during the forecast period.

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Increasing application of the gene testing in oncological research, rising incidences of genetic disorders, technological advancements and rising demand for personalized medicine are the major drivers augmenting the growth of the genetic testing industry.

Genetic tests in conjugation with other genomic technologies would help predict the risk of an individual to a disease and is also expected to assist clinicians to select suitable therapeutic interventions. These factors also increase the opportunities for players in pharmaceutical industry to grow, by providing treatment options to their end users. For instance, 23andMe offers direct genetic makeup tests to the consumers and based on the results of tests, the company recommends genetic counsellors to help the consumers about the better testing of genes, and the inherited diseases.

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Major players in the genetic testing market are Transgenomic, Inc., GE Healthcare, 23 & Me Sequenom, Inc., Abbott Laboratories, Biocartis SA, Illumina Inc., 454 Life Sciences, Bio-Rad Laboratories, Luminex Corporation, Affymetrix Inc., Agilent Technologies Inc., Cephide Inc., Beckman Coulter Inc.

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Feed Enzyme Market - Global Industry Analysis, Share, Growth and Forecast to 2023

Feed enzymes are enhancer that are incorporated in the animal feed during the manufacturing process to resolve the nutrient deficiencies in farm animals. Sometimes, animals face digestive troubles due to the consumption of anti-nutritional ingredients in the feed, which can be avoided by addition of feed enzymes. The feed enzymes are not only capable of withstanding acidic condition but also the heat generated during the pelleting process that breakdown starch, making the feed more digestible. With the global rise in demand of meat industry, and awareness among customers for the animal’s health and wellbeing, the considerable growth in the global feed enzyme market has been observed. Further, the need to opt for cheaper alternatives and to fulfill the globally growing demand of protein will drive the feed enzyme market in the coming years.

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The global feed enzyme market is expected to witness considerable growth during the forecast period. The major factors driving its growth are the increase in demand in the consumption of animal-meat and animal based products. Recently, the outbreak of diseases among livestock such as avian influenza, classical swine fever, bovine spongiform encephalopathy, has raised awareness among consumers to focus on the healthy well-being of livestock and to avoid recurrence of such situations. The need to develop cheaper alternative to feed has persuaded manufacturers to look for other options such as plant source for feed enzyme. This is expected to have positive impact on the growth of the global market in the coming years. Moreover, the ban applied on usage of antibiotics to opt for more natural based products is also driving the global feed enzyme market.

In case of aquatic animals, the fish feed is expensive that demands for an alternative product such as plant based feed, thus, creating ample growth opportunities for the global market. Moreover, the improved quality feed has been in demand recently accounting to the awareness with respect to the health and well-being of animals that provides complete nutrients, and improvise digestion. This creates ample revenue generation opportunities for the global feed enzyme manufacturers. Additionally, the feed enzymes involve fermentation in its manufacturing process that reduces the usage of fossil fuels. Further, the usage of feed enzyme as an additive causes reduced production of animal waste; hence minimizing environmental strain.

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Some of the other key players in the global feed enzyme market are BASF SE, E. I. duPont de Nemours and Company, Adisseo France SAS, Rossari Biotech Ltd., Alltech Inc., Lesaffre & Cie, Associated British Foods plc, Koninklijke DSM N.V., Azelis S.A., Novus International Inc., and BIO-CAT.

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As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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Healthcare Cognitive Computing Market - Global Industry Trends, Growth and Future Analysis

End-users in the healthcare cognitive computing market include healthcare providers, pharmaceutical companies, medical device companies, healthcare payers, and several others such as research institutions and CROs. Although cognitive computing in healthcare is being used by various healthcare professionals, but it is the healthcare providers category, which is expected to witness fastest growth in demand during the forecast period. Healthcare providers are expected to lead the global market, occupying a 44.5% share, in 2017. This growth in demand can be attributed to increased usage of cognitive platforms for the detection and treatment of rare diseases. For instance, in October 2016, Rhön-Klinikum AG, a private hospital group in Germany, teamed up with IBM Corporation on a 12-month pilot project to help detect rare diseases and find their cure using the IBM’s Watson platform.

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The European market for health care cognitive computing is expected to grow at a CAGR of 33.4% between 2017-2023, to cross $4.0 billion by 2023. The growth in the European healthcare cognitive computing market is mainly led by growing geriatric population and increasing partnerships between healthcare providers, government agencies, and market players in the region. The U.K. has been the largest market in the region for healthcare cognitive computing, and is estimated to contribute share of 39.1% to the regional healthcare cognitive computing market in 2017, on account of the increasing adoption of cognitive computing by the healthcare providers in the country. During the forecast period the healthcare cognitive computing industry in France is expected to witness fastest growth in demand.

The major player in the healthcare cognitive computing market are partnering with other firms to improve their position in the market. For instance, in November 2017, Royal Philips, a provider of healthcare technology, and Nuance Communications Inc., a voice and language solutions company that provides 70% of radiology reports in the U.S., announced that the companies would together bring AI-based image interpretation and reporting capabilities to radiologists. They announced that their initiative would leverage assets from Philips Illumeo with adaptive intelligence and Nuance PowerScribe 360 to help reduce discrepancies and improve radiology reporting, accuracy, and standardization.

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Some of the other key players operating in the healthcare cognitive computing market include Enterra Solutions, LLC, Intel Corporation, Alphabet Inc., Hewlett Packard Enterprise (HPE), Nuance Communications, Inc., CognitiveScale, Healthcare X.0 GmbH, and MedWhat.com Inc.

North America Air Quality Monitoring Market Analysis, Development, Growth and Future Growth

The North American Air Quality Monitoring Market market valued $1.4 billion in 2015 and is expected to attain a value of $2.5 billion by 2022, growing at a CAGR of 8.5% during the period 2016–2022. Between the two types of AQM products, indoor monitors accounted for the larger share in the North American AQM market in 2015, due to their high rate of adoption in pharmaceutical and other industries owing to the need for controlled environment. Based on the type of pollutants monitored in 2015, chemical pollutants monitoring generated the largest revenue in the AQM market, followed by physical and biological pollutants monitoring.

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Among the various sampling methods employed for AQM, the continuous sampling method accounted for the largest share in the North American AQM market in 2015; it is also expected to witness the highest growth in demand, during the forecast period. Government agencies and academic institutes, commercial and residential sectors, petrochemical industry, power generation plants, pharmaceutical industry, and others constitute the end users for AQM products in the region, with government agencies and academic institutes being the largest end users.

Indoor air quality monitors are the focus area of many key players in the AQM market because of increasing demand for these monitors for commercial and residential buildings. For instance, in April 2017, Honeywell International Inc. launched laser air quality monitors, with a new sensor based on laser light scattering, designed to help building owners and consumers monitor air for potentially harmful pollutants or airborne particles.

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Some of the other key players operating in the North American AQM market are the 3M Company, General Electric, Thermo Fisher Scientific Inc., TSI Inc., Emerson Electric Co., Teledyne Technologies Inc., Cerex Monitoring Solutions LLC, PerkinElmer, Inc., and Tisch Environmental Inc.

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As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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Autologous Stem Cell and Non-Stem Cell Based Therapy Market Research Report, 2023

The global autologous stem cell and non-stem cell based therapy market is growing significantly due to high incidences of cancer and cardiovascular diseases, and presence of large number of patients requiring transplantation. The lack of service providers in the autologous stem cell market, and the massive unexplored autologous stem cell and non-stem cell based therapy market in the emerging economies, are creating ample growth opportunities for the global autologous stem cell and non-stem cell based therapy market. The advanced research and development activities and new product developments by the major players are supporting the demand for cost effective and efficient autologous stem cell and non-stem cell based therapy platforms.

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Some of the factors driving the growth of the global autologous stem cell and non-stem cell based therapy market are technological advancements, reduction in risk associated with autologous stem cell and non-stem cell based therapy, growing number of chronic diseases, and increasing researchers’ and scientists’ compliance for autologous cellular therapies. In addition, the increasing government involvement and ease in regulation for autologous cellular therapies, increasing demand for cellular transplantation, and growing research and development activities in the autologous stem cell and non-stem cell based therapies is driving  the growth of the market.

Some of the major players operating in the global autologous stem cell and non-stem cell based therapy market are Fibrocell Science Inc., BrainStorm Cell Therapeutics Inc., Vericel Corporation, Dendreon Corporation, Lion Biotechnologies, Genzyme Corporation, Regeneus Ltd., Caladrius, and Opexa Therapeutics Inc.

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Report Coverage

• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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Air Quality Monitoring Market - Global Industry Insights, Share, Key Players, Segmentation and Future Growth

The growth of the global market is largely driven by increasing level of air pollution across the globe and the favorable government regulations for air quality monitoring. Different governments in distinct countries have framed stringent norms to control air pollution especially for industrial sectors. This creates the demand for the air quality monitoring equipment to check air pollution. Some of the other factors driving the growth of the global market include increasing prevalence of respiratory diseases and increasing awareness regarding environmental and healthcare implications of air pollution. The rapid industrialization in emerging economies and technological advancements for air quality monitoring are expected to create ample revenue generation opportunities for the manufacturers of air quality monitoring devices.

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Among the two product types of air quality monitoring, the outdoor air quality monitors would witness faster growth during the forecast period. Increasing adoption of outdoor air quality monitors in different industries and increasing installation of AQM stations are the major factors driving the growth of the outdoor air quality monitors market. According to the Organisation for Economic Co-operation and Development (OECD), outdoor air pollution caused more than 3 million premature deaths in 2010, with elderly people and children most vulnerable.

North America accounted for the largest share in the global market in 2015, owing to the technological advancements and high public private funding for air pollution control and rapid adoption of these devices by key end users in the region. The U.S. contributed largest revenue to the North American as well as global air quality monitoring market. The country is expected to remain the largest market for air quality monitoring devices globally. The supporting government regulation is the key driving factor of the U.S. air quality monitoring devices.

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Some of the players operating in the global market include Thermo Fisher Scientific Inc., Merck KGaA, Teledyne Technologies Incorporated, HORIBA, Ltd., Emerson Electric Co., General Electric Company, TSI Incorporated, 3M Company, and Siemens AG.

GEOGRAPHICAL SEGMENTATION
By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Rest of Asia-Pacific
• Rest of the World (RoW)
• Brazil
• Rest of RoW

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact: 

P&S Market Research

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Medication Adherence Market - Global Industry Insight, Leading Players, Segments Analysis and Growth Drivers to 2023

The market is growing mainly due to the rising demand for advanced medication adherence systems, increasing prevalence of chronic diseases, rising geriatric population, increasing demand for mobile health (mHealth) technologies, and expanding demand for personalized healthcare technologies.

The global medication adherence market in terms of product is categorized into software centric products and hardware centric products. Software centric products held the larger share in the global market, since these products are low cost and easily accessible, as compared to the hardware centric products. The hardware centric products are expected to register faster growth during the forecast period, with the CAGR likely to increase from 11.1% in the historical period to 13.1% in the forecast period.

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The expanding demand of personalized healthcare technologies due to advanced applications of medication adherence plays a pivotal role in the growth of the medication adherence market. The electronic healthcare records received through medication adherence systems help in building personalized models of patient’s health profile, thereby delivering treatment plans specific to the individual. The popularity of medication adherence is increasing, as its application in healthcare has been rising vastly. Further, the demand for personalized healthcare not only improves the quality of care but also reduces the cost of treatment. In addition, personalized healthcare system is gaining popularity in home care facilities, that further improves the overall disease management and reduce the incidences of non-adherence.

Some of the other key players operating in the medication adherence market include Proteus Digital Health, Inc., AdhereTech Inc., Qualcomm Incorporated, Adherence Solutions LLC, SMRxT Inc., and DrFirst.com, Inc.

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About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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