Empowering Agriculture: Red Biotechnology's Impact on South Africa's Economy

The South Africa red biotechnology market is expected to grow at a CAGR during the forecast period 2018-2032. The growth of the market is attributed to the increasing prevalence of chronic diseases, the growing demand for personalized medicine, and the rising government investment in research and development.

The major products in the South Africa red biotechnology market are therapeutic drugs, vaccines, and diagnostic reagents. Therapeutic drugs account for the largest share of the market, followed by vaccines and diagnostic reagents. The major end-users of red biotechnology products in South Africa are hospitals, clinics, and research institutes.

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The South Africa red biotechnology market is dominated by a few multinational companies, such as Amgen, Biogen, Pfizer, and Roche. However, there are a number of emerging local companies that are gaining market share.

Some of the key drivers of the South Africa red biotechnology market include:

• Increasing prevalence of chronic diseases: Chronic diseases, such as cancer, cardiovascular diseases, and diabetes, are on the rise in South Africa. This is driving the demand for innovative red biotechnology products for the prevention, diagnosis, and treatment of these diseases.
• Growing demand for personalized medicine: Personalized medicine is a rapidly growing field in healthcare. Red biotechnology is playing a key role in the development of personalized medicine approaches, such as gene therapy and targeted therapies.
• Rising government investment in research and development: The South African government is investing heavily in research and development in the red biotechnology sector. This is helping to accelerate the development of new products and technologies.

Some of the challenges facing the South Africa red biotechnology market include:

• High cost of products: Red biotechnology products are typically very expensive. This can limit their accessibility to patients.
• Lack of skilled workforce: There is a shortage of skilled workers in the red biotechnology sector in South Africa. This is hampering the growth of the industry.
• Lack of awareness: There is a lack of awareness about red biotechnology products among patients and healthcare professionals. This is limiting the adoption of these products.

Despite the challenges, the South Africa red biotechnology market is expected to grow significantly in the coming years. This is due to the increasing prevalence of chronic diseases, the growing demand for personalized medicine, and the rising government investment in research and development.

Here are some of the key trends in the South Africa red biotechnology market:

• Increasing focus on gene therapy: Gene therapy is a rapidly growing field in red biotechnology. There are a number of clinical trials underway in South Africa for gene therapy treatments for various diseases, such as cancer, rare genetic diseases, and HIV/AIDS.
• Growing importance of personalized medicine: Personalized medicine is becoming increasingly important in the red biotechnology sector. Companies are developing new products and technologies that are tailored to the individual needs of patients.
• Rising government support: The South African government is providing increasing support to the red biotechnology sector. This is helping to accelerate the growth of the industry.

Overall, the South Africa red biotechnology market is poised for significant growth in the coming years. The increasing prevalence of chronic diseases, the growing demand for personalized medicine, and the rising government investment in research and development are the key factors driving the growth of the market.

Related Charts:

Israel Red Biotechnology Market Outlook (2018 to 2032) 

North America Red Biotechnology Market Outlook (2018 to 2032) 

Turkey Red Biotechnology Market Outlook (2018 to 2032) 

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Occlusion Devices Market Outlook: growth, drivers and forecast report by 2030

Occlusion Devices Market – Overview

The growth in the demand for diagnostic has had a beneficial effect on the growth of the market for occlusion devices. Reports that gauge the healthcare industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The Occlusion Devices Market share is projected to grow USD 2193.98 million at a CAGR of 6.2% in the forecast period 2022-2030.

The rise in heart-related ailments has been identified as a vital factor for the development of the occlusion devices market research. The increased prevalence of chronic diseases is also expected to benefit the demand for occlusion devices. Also, an increased pace of improvement in the product design and efficiency of occlusion devices is projected to create favorable opportunities for expansion.

Competitive Analysis

The escalated turnaround in the market is likely to set off new openings for the development of the market. The enhancement in different domestic economies is projected to encourage the progress of the market in the impending period. The ease in accessing key planned opportunities important to consequent stabilization of inflation is projected to generate a promising option for development in the approaching years. In the approaching years, the control exerted by fairly high-income level nations around the world and the likely gains observed towards a few of the currencies around the world is projected to strengthen the fruition of the market in the forecast period. A significant climb in the number of backers in the market is expected to craft an advantageous state of affairs for the evolution of the market in the projected period. The advancement of the market is projected to capture amplified impetus in the coming years chiefly due to the incidence of contributory government plans.

The occlusion devices market players are Acrostak, Cook Group, Angiodynamics, Asahi Intecc, Avinger, Cardinal Health, Edwards Lifesciences,  Terumo Corporation (Japan), Penumbra, Stryker Corporation, Terumo Corporation, B. Braun Melsungen AG (Germany), Abbott Laboratories (U.S.), Medtronic plc (Ireland), MicroPort Scientific Corporation (China) and Meril Life Sciences Pvt. Ltd. (India) to name a few.

Segmental Analysis

The segmental analysis of the occlusion devices market trends is carried out on the basis of product, region, application, and end-user. Based on the product, the occlusion devices market is segmented into support devices, tubal occlusion devices, support devices, and occlusion removal devices. The embolization devices segment is further segmented into tubal occlusion devices and liquid embolic agents. The occlusion removal devices are further segmented into stent retrievers, coil retrievers, balloon occlusion devices, and suction and aspiration devices. The support devices segment is further segmented into guidewires and microcatheters. The segmentation of the occlusion devices market based on application comprises of cardiology, neurology, peripheral vascular diseases, oncology, urology, gynecology, and others. The end-user based segmentation of the occlusion devices market comprises of diagnostic centers, hospitals and clinics, ambulatory care centers, surgical centers, and others.

Detailed Regional Analysis     

The regional analysis of the occlusion devices market insights observes that the North American region is the chief region and is chiefly motivated by the mounting patient population suffering from persistent diseases, rising investment in healthcare, and escalating geriatric population levels. Also, the U.S. is the principal market in the North American region due to the incidence of a huge number of market companies manufacturing occlusion devices and growing awareness about risk factors for chronic diseases. The European region’s occlusion devices market shows positive growth with an escalating emphasis on the diagnosis of chronic diseases and other associated diseases. The Asia Pacific region is anticipated to be the top growing market whose expansion is accredited to the mounting burden of chronic diseases and escalating focus on early diagnosis and management of heart diseases. Additionally, other factors contributing to the expansion of the occlusion devices market are lifestyle changes, the control of western culture among adults, and compulsion to smoke. The Middle Eastern and African region in the market for occlusion devices displays a stable rise with a boost in the number of healthcare facilities offering treatment of chronic circumstances and the affluent growth in the medical device sector, particularly in the devices used in treatment methods.

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Medical Implant Market Outlook & Regional Analysis 2032

Medical Implants Market Synopsis:

The Medical Implant Market Share was valued at USD 45.9 Billion in 2022. The Medical Implant market industry is projected to grow from USD 49.66 Billion in 2023 to USD 93.29 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). The widening range of application of medical implants in the healthcare sector is anticipated to fuel demand in the market over the next couple of years.

The key drivers of the medical implants market research report accelerating the revenue creation for market participants include the adoption of implants by patients, rising prevalence of chronic diseases, increasing aging population, etc. The rising investments in the development of medical implants are expected to favour the growth of the medical implants market in the forthcoming years.

The increasing awareness about repairs and preventive care of the human body has catalysed the growth of the medical implants market. The trend is anticipated to perpetuate in the foreseeable future. Additionally, the global increase in healthcare expenditure is likely to have a positive impact on the medical implants market proliferation. However, ambiguous regulatory frameworks coupled with high costs associated with surgeries are projected to hold the market growth through the projection period.

Competitive Dashboard:

The global medical implants market players are Johnson & Johnson Services, Inc. (U.S.), 3M (U.S.), Institut Straumann AG (Switzerland), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Zimmer Biomet Holdings, Inc. (U.S.), Smith & Nephew (U.K), Dentsply Sirona (U.S.).

Market Segmentation:

By type, the global medical implants market outlook is segmented into orthopedic implants, cardiac implants, spinal implants, dental implants, ophthalmic implants, cosmetic implants, and others. The cardiac implants segment is prognosticated to register a relatively higher CAGR of 7.63% over the forecast period.

By type of material, the medical implants market has been segmented into metallic material, ceramic material, polymers material, and others.

By end-users, the global medical implants market is segmented into hospitals & clinics, research laboratories, and others.

Regional Insights:

By region, the global medical implants market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is the largest market for medical implants and is expected to flourish in the forthcoming years. The factors responsible for favouring the growth of the market in the region are increasing patient pool, accelerated investments in research, developed healthcare, advanced technologies, etc.

Europe holds the second spot in the global medical implants market due to exponential geriatric population, rising healthcare expenditure, increasing government support, etc. Asia Pacific is projected to be the fastest growing regional market over the assessment period. The presence of countries such as China and India are likely to favour the growth of the medical implants market in the region. Meanwhile, the Middle East & Africa region is poised to hold a comparatively lesser medical implants market share of the global market owing to limited development in the healthcare sector. However, economically strong countries such as Qatar and Kuwait are poised to aid market expansion in the foreseeable future.

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Nuclear Imaging Devices Market Share, Insights and Forecast to 2032

 

Market Highlights

The global Nuclear Imaging Devices Market Share is expected to grow significantly over the forecast period. It is anticipated that the market is projected to register a CAGR of 5.1% over the forecast period 2023-2032.

The increasing prevalence of cardiovascular disorders is one of the key factors driving the nuclear imaging devices market research. As per the report published by the Centers for Disease Control and Prevention (CDC) in 2017, nearly 92.1 million adults were dealing with at least one type of cardiovascular disease.

Various other factors such as the advancements in radiotracers, acceptance of nuclear imaging devices in ambulatory settings, increasing geriatric population, untapped emerging markets, rise in regulatory approvals, and increasing investment on diagnostic imaging centers are also expected to propel the growth of the market.

However, the high cost of the nuclear imaging device, shorter half-life of radiopharmaceuticals can hamper market growth over the forecast period.

Key Players

the global nuclear imaging devices market players are

           ·          Philips Healthcare,

           ·          Digirad Corporation,

           ·          Neusoft Medical Systems Co., Ltd.,

           ·          Progenics Pharmaceuticals Inc.,

           ·          Cannon Inc.,

           ·          Surgiceye GmbH,

           ·          CMR Naviscan,

           ·          Mediso Medical Imaging Systems Ltd.,

           ·          Agfa-Gevaert Group,

           ·          General Electric Company,

           ·          DDD-Diagnostic A/S,

           ·          Spectrum Dynamics Medical,

           ·          FMI Medical Systems, Inc.,

           ·          Segamicorp, and others.

Segmentation

The global nuclear imaging devices market is segmented based on technology, application, end user, and region.

·         The global nuclear imaging devices market trends, by technology, is segmented into positron emission tomography (PET), single photon emission computed tomography (SPECT), and planar scintigraphy. The single-photon-emission computed tomography (SPECT) are further classified as hybrid SPECT systems and standalone SPECT systems.

·         Based on application, the market is segmented into oncology, cardiology, neurology, and others.

·         Based on end user, the market is segmented into hospitals, diagnostic imaging centers, and others.

·         The diagnostic imaging centers segment is expected to witness the fastest growth over the forecast period due to rising adoption of nuclear imaging in diagnostic centers.

Regional Analysis

In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.

The nuclear imaging devices market insights in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European nuclear imaging devices market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The nuclear imaging devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The nuclear imaging devices market in the Middle East & Africa has been segmented into the Middle East and Africa.

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North America Plant Growth Regulators Market Outlook Overview, Trends,Share and Forecast by 2032

 

Market Scope

Market Research Future (MRFR) projects strong growth prospects for the North America Plant Growth Regulators Market Trends 2023 and 2032 (assessment period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Competitors Analysis

Tata Chemicals Ltd. (India),

FMC Corporation (US),

Bayer AG (Germany),

NIPPON SODA CO., LTD. (Japan),

Nufarm Limited (Australia),

Platform Specialty Products Corporation (US),

China National Chemical Agrochemical Corporation (China),

Xiny(H.K.) Industrial Co., Ltd. (China),

Sumitomo Chemical Co., Ltd. (Japan),

BASF SE (Germany),

DowDuPont (US), are some of the most renowned North America Plant Growth Regulators Market Players

Growth Boosters and Deterrents

The COVID-19 outbreak has led to disruptions in the manufacturing of agrochemicals, with respect to availability of raw materials. The ongoing novel coronavirus pandemic and the worldwide lockdown have had a domino effect on crop yields and food productivity, especially in countries that are primarily agrarian. However, with the rising cases of SARS-CoV-2, governments across the globe are easing restrictions on the production of fertilizers to ensure continued agricultural activities in a bid to bring down the concerns with regard to food security. This has been particularly favorable for the North America Plant Growth Regulators Market and can mean uninterrupted growth in the years ahead.

In the past few decades, plant growth regulators have emerged as a crucial aspect of agricultural and horticulture production systems. The rising preference for organic food and the reducing agricultural areas across the world has bolstered the demand for these regulators. Spraying of growth regulators on eggplant, tomatoes, cucumber, pepper, pumpkin and melon in varying concentrations helps boost fruit growth as well as production. These regulators also help foster sugarcane yield, since they boost the cell length along with the rate of cell division, leading to higher sugar yield. These efficient use-cases of plant growth regulators can result in an expanded application scope in the agriculture industry during the appraisal period.

Segmental Analysis

The plant growth regulators market has been segmented with respect to origin, crop type, product type, form, function and mode of application.

·         Origin-wise, the North America Plant Growth Regulators Market Research caters to natural as well as synthetic.

·         The primary crop types mentioned in the report are grains & cereals, pulses & oilseeds, turf & ornaments, fruits & vegetables, and more.

·         Depending on product type, the global market can be considered for abscisic acid, gibberellins, auxins, cytokinins, ethylene, and others.

·         The various forms of plant growth regulators include powder, liquid and granules.

·         In terms of function, the market has been dissected into plant growth promoters along with plant growth inhibitors.

·         Applications outlined in the market study are foliar, fertigation, and others.

Regional Outlook

The plant growth regulators industry can be regionally distributed into Europe, North America, Asia Pacific/APAC, and RoW/the rest of the world.

APAC’s growth in the coming years is expected to be at the fastest rate, since the region is inundated with numerous vendors with rich expertise along with the surge in agricultural exports. The continuous reduction in agricultural lands has emerged as a key concern owing to the relentlessly expanding population and the simultaneous rise in food demand. The rising uptake of advanced technologies as well as methodologies in the agriculture sector, with the growing support of the government, is also slated to work in the APAC market’s favor over the following years.

Europe can potentially take the lead in the global market, thanks to the mounting demand for organic and natural food products among consumers. The increasing crop production combined with the rise in government initiatives favoring the region’s agriculture sector can also induce market growth in the next few years. The substantial demand for vegetables and fruits in the region and the unfavorable weather conditions across the region can bolster the use of plant growth regulators, with the aim to enhance the agricultural yield.

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Pharmaceutical Sterility Testing Market Outlook: Global Industry Share, Growth, Drivers, Emerging Technologies, and Forecast

Market Highlights

According to MRFR analysis, the global Pharmaceutical Sterility Testing Market Share is expected to register a CAGR of 6.10% from 2023 to 2032. Sterility can be defined as the non-appearance of viable microorganisms, dust, fibers, foreign particles, and other biological agents. Pharmaceutical sterility testing is performed on a wide range of biological medicinal products, including blood products, vaccines, biotechnology products, cell products, and tissue products, in accordance with WHO sterility requirements. Sterility testing is carried out by companies such as pharmaceutical companies, biotechnology companies, and medical device manufacturers to assess process control, raw material quality, and product validity.

The industry players focus on technological developments to dominate the global Pharmaceutical Sterility Testing Market. In addition, the key players are involved in new product launches, acquisitions, and joint ventures to augment their market positions. For instance, in July 2020, Neogen Corporation (US) has launched Soleris, an advanced test system that can rapidly detect a wide variety of microorganisms in a fraction of the time.

Key Players

Some of the Pharmaceutical Sterility Testing Market Players are.

§  Merck KGaA (Germany),

§  Rapid Micro Biosystems (US),

§  Sartorius AG (Germany),

§  Solvias AG (Switzerland),

§  SGS SA (Switzerland),

§  Boston Analytical (US),

§  bioMérieux, Inc. (France),

§  Charles River Laboratories International, Inc. (US),

§  Thermo Fisher Scientific, Inc. (US),

§  Pace Analytical Services, LLC (US),

§  Toxikon, Inc. (US),

§  Sotera Health (US),

§  Pacific Biolabs Inc. (US),

§  STRERIS Corporation (US),

§  WuXi AppTec (China).

Regional Analysis

North America is anticipated to dominate the global pharmaceutical sterility testing market outlook, owing to the presence of several key players in the region and the rise in R&D investments by public and private players in the healthcare sector. Moreover, the increase in the number of pipeline products and the launch of advanced drugs based on the biopharmaceutical that requires unique pharmaceutical sterility testing processes are also propelling the market growth.

The European pharmaceutical sterility testing market has been categorized into Germany, France, the UK, Italy, Spain, and the rest of Europe. Increasing government initiatives and extensive availability of research grants in the European countries are expected to propel the growth of the pharmaceutical sterility testing market in the region. Furthermore, the presence of outsourcing companies for pharmaceutical sterility testing is also supporting the growth of the pharmaceutical sterility testing market.

Asia-Pacific is anticipated to be the fastest-growing regional market over the forecast period due to the increasing harmonization of the regulatory standards with the International Council for Harmonisation (ICH) standards in developing nations, technological advances, and increasing investment in healthcare infrastructure. In addition, growing investment by governments from the China and India for offering cost-effective medications is providing lucrative opportunities for the growth of the pharmaceutical sterility testing market over the forecast period.

 In the Middle East, the UAE is the largest market due to the healthcare industry's development. Developing countries such as Argentina, Brazil, and Colombia, among others in Latin America, are also key contributors to the growth of the pharmaceutical sterility testing market insights.

Segmentation

The global sterility testing microbiology market has been segmented based on sample, product type, type, test type, and end user. By sample, the market has been segregated into sterile drugs, medical devices, and biologics. The sterile drugs segment is expected to witness high growth in 2020, Owing to the high adoption of several techniques adopted for product safety across the globe.

           ·          Based on product type, the global pharmaceutical sterility testing market has been classified into instruments, kits & reagents, and services. Kits & reagents held the largest segment share in 2020, owing to the repetitive purchase of these products by end users all around the world. In addition, cost efficiency and ease of use are related to the product.

           ·          Based on type, the global pharmaceutical sterility testing market has been classified into in-house and outsourcing.

           ·          Based on test type, the global pharmaceutical sterility testing market has been classified into sterility testing, bioburden testing, and bacterial endotoxin testing. The bacterial endotoxin testing segment held a major market share in 2020 due to the ongoing technological advancements in this segment.

·         Based on end user, the pharmaceutical sterility testing market is classified into compounding pharmacies, medical devices companies, pharmaceutical companies, and others. Pharmaceutical companies held the largest market share in 2020 due to the high growth of pharmaceutical and biological industries across the globe, and new drug approvals will boost the pharmaceutical sterility testing market during the forecasting period.

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DPT vaccine Market Size : A Global Analysis of the Market Trends

MARKET SUMMERY

DPT stands for diphtheria, pertussis (whooping cough), and tetanus. Market Research Future (MRFR) has published and released a research report about the global DPT vaccine market size that anticipates growth for this market at 7.3% CAGR (Compound Average Growth Rate) between 2022 and 2030. In terms of market value, the worth of global DPT vaccine market has been estimated to be the USD 8342.3 million by the end of the forecast period.

The major factors facilitating the growth of the global DPT vaccine market are increasing deaths in children due to pertussis and increasing awareness about DPT vaccines. The global DPT vaccine market insights has been segmented into application, type, and lastly, region. The application-based segmentation segments this market into diphtheria, pertussis, and tetanus. By type, this market has been segmented into DPaT, DTwP, and Tdap.

Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include mergers and acquisitions, joint ventures, new product developments, research and developments (R&D), and strategic alliances.

KEY PLAYERS

The global DPT vaccine market players include

ü  Chiron Pharmaceutical Pvt Ltd (India),

ü  GSK (USA),

ü  Lanzhou Institute of Biological Products (China),

ü  Merck & Co., Inc (USA),

ü  Sanofi (France), and

ü  Wyeth (USA).

 

DTP MARKET REGIONAL ANALYSIS

The regional segmentation of the global DPT vaccine market segments the global market into regional markets namely North America, Asia Pacific, Europe, and the Middle East & Africa (MEA). North America is the largest regional market where steady market growth is expected during the forecast period. In this region, the market is growing due to the presence of many important market players in North America, especially in the USA. Other important reasons for market growth in this region are the availability of most advanced medical facilities in this region, emphasis on vaccination against DPT, established healthcare sector, and advanced R&D going on in the medical sector. After the USA, Canada and Mexico are the most important country-specific markets in this region.

Europe is the second largest regional market. The factors encouraging the market growth in this region are a high density of population, established healthcare sector, high level of technological advancement that is second only to North America, and presence of many key market players. The main country-specific markets in this region are the strongest economies known as France, Germany, and the UK, followed by the remaining countries of Europe.

The Asia Pacific is another significant market as healthcare sector is developing in countries like China and India. Advanced medical facilities and rapid technological advancement are available in Japan. The rural market in countries like China and India is still untapped which due to the high density of population can be a lucrative market once tapped into. Aided by the local government and the World Health Organization (WHO), many vaccination programs are being organized in the rural areas of countries like India. During the forecast period, the Asia Pacific region is likely to grow positively.

The MEA region has the least market share due to poor countries, lack of awareness, lack of education, low standard of medical facilities, lack of healthcare facilities, and majority governments not considering healthcare a priority.

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