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North America Plastic Recycling Market is likely to Reach over USD 9.15 Billion with a 13.31% CAGR Annualized Growth Rate by 2033: SPER Market Research

admin July 23, 2024 biotechnology, Business, Chemical, News

Plastic can be conserved and reused, non-renewable fossil fuels (oil) reduce the consumption of energy used in the production of new plastic reduce the amount of solid waste going to landfill reduce emission of gases like carbon dioxide into the atmosphere. The process of recycle goes like Sorting is primarily automated, with a manual sort to check that all impurities have been removed. Once sorted and cleaned, plastic can be shredded into flakes or melt processed into pellets before being moulded into new goods. Recycled plastic can be used to make a variety of items, such as: beverage bottles and food tray Polyester fabric for clothes. Wheeled bins and food caddies waste sacks.

According to SPER Market Research, ‘North America Plastic Recycle Market Size- By Plastic Type, By Application, By Raw Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the North America Plastic Recycle Market is estimated to reach USD 9.15 billion by 2033 with a CAGR of 13.31%.

Consumers’ growing environmental consciousness has resulted in a movement toward eco-friendly shopping practices, such as a preference for products created from recycled materials. This trend is encouraging manufacturers and companies in a variety of industries, including packaging, automotive, and consumer goods, to use recycled plastics in their products. Companies who provide novel solutions to increase the quality and performance of recycled materials, such as better sorting and purification technologies, can take advantage of these opportunities. Furthermore, activities that educate consumers about the benefits of recycling and promote responsible consumption increase demand for recycled products, establishing a strong market ecosystem that values sustainability.

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Recycled plastics frequently face price competition with lower-cost virgin materials, especially when crude oil prices are low. This price gap may prevent producers from using recycled materials, particularly if the expense of obtaining, processing, and certifying recovered plastics outweighs the savings or environmental benefits. Furthermore, changeable market conditions and price volatility add to the economic uncertainties of recycling projects. Achieving price parity and enhancing cost-efficiency through economies of scale, technological advances, and supportive regulations are critical steps toward eliminating market resistance and fostering widespread adoption of recycled plastics in multiple industries.

The economic consequences from COVID-19 had far-reaching consequences for the plastic recycling industry, influencing investment decisions and regulatory actions. Economic uncertainty and reduced income put a burden on budgets for waste management and recycling infrastructure expenditures, postponing planned expansions and technical upgrades. Furthermore, shifting oil prices and market volatility reduced the cost competitiveness of recycled plastics when compared to virgin materials, affecting profitability and market dynamics. On the policy front, governments shifted their focus toward public health and economic recovery, potentially diverting attention and resources away from sustainability efforts and regulatory frameworks that promote plastic recycling.

The United States dominates the North American plastic recycling industry because of its enormous infrastructure, solid regulatory framework, major investments in innovation, high consumer demand for sustainable products, and strong public-private partnerships that promote recycling activities. Agilyx, Brightmark LLC, PLASTIPAK HOLDINGS INC., MBA Polymers Inc., Custom Polymers, UltrePET LLC, KW Plastics, Carbonlite Inc., Seraphim Plastics, Post Plastic Inc., Others are the key players of the market.

North America Plastic Recycling Market Segments:

By Plastic Type:

Polyethylene Terephthalate(PET)
High Density Polyethylene(HDPE)
Polypropylene(PP)
Low Density Polyethylene(LDPE)

By Raw Material:

Plastic Bottles
Plastic Films
Rigid Plastic and Foams
Fibres

By Application:

Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive

For More Information, refer to below link –

North America Recycled Plastic Market Share

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Europe Bio-based Lubricants Market Size- By Raw Material, By Application, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Middle East and Africa Industrial Cleaning Chemical Market Size- By Ingredient, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Stem Cell Banking Market Growth, Global Industry Share, Upcoming Trends, Revenue, CAGR Status, Business Challenges, Opportunities and Forecast Analysis till 2032: SPER Market Research

admin April 12, 2024 biotechnology, Business, News

Cells with the capacity to differentiate into new cell types within the body are known as stem cells. They function as the body’s repairing system. Adult stem cells and embryonic stem cells are two different kinds of stem cells. The process of stem cell banking entails collecting and maintaining different kinds of stem cells, including adult and cord stem cells, in preparation for potential applications. These stem cells must go through numerous processing and analysis steps after being collected. For encouraging outcomes in illnesses like leukemia and lymphomas, the stem cells are tested for viability and subjected to various genetic analyses. Many chronic illnesses, including cancer, heart disease, neurological disorders, immunological disorders, and other uncommon metabolic conditions, are treated with stem cells.

According to SPER Market Research, ‘Stem Cell Banking Market Size- By Service Type, By Utilization, By Cell Type, By Bank Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ states that the Stem Cell Banking Market is estimated to reach USD 24.27 billion by 2032 with a CAGR of 15.82%. 

The two main drivers propelling this market’s growth are the rise in the prevalence of serious diseases worldwide and the growing use of stem cell banking to repair severely damaged tissues. The market’s overall growth is accelerated by the rise in hematopoietic stem cell transplantation procedures as well as the rise in skin and brain cell transplantations. The market’s overall expansion will be supported by the numerous efforts being undertaken by both government and non-government communities to educate consumers about the medicinal potential of stem cells. The biotechnology sector’s growth and population increase are also anticipated to propel market expansion. The increase in the gross domestic product (GDP) of the corresponding developing and underdeveloped economies also moderates the growth of the market. The market’s expansion is supported by the growing approval of clinical trials in stem cell research.

The high operating expenses of stem cell transplantation will hinder market expansion. Stem cell banking is expected to face challenges from strict regulatory frameworks and socio-ethical problems around embryonic stem cells. Because many people may not be aware of the benefits of stem cell banking or may have misconceptions about the process, there may not be as much demand for these services. The growth of the market may be impacted by problems with the efficiency of stem cell acquisition, processing, and storage even with the significant improvements in stem cell banking technology. Competition from other medical advancements and treatments may limit the growth of the stem cell therapy industry. Concerns over stem cell storage facilities’ long-term viability and security may erode consumer confidence in the sector.

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Impact of COVID-19 on the Global Stem Cell Banking Market

The growth of the stem cell banking sector is predicted to be negatively impacted by the COVID-19 epidemic. Additionally, COVID-19 raised serious concerns about public health. In an attempt to contain the COVID-19 pandemic outbreak, the government imposed social distancing and lockdown measures. These measures caused supply chain disruptions, hindered business growth, cancelled technology events, halted new developments, and negatively impacted overall production and sales. Positively, clinical research including the use of stem cells to treat COVID-19 may contribute to the industry’s post-pandemic growth.

Stem Cell Banking Market Key Players:

The market for stem cell banking is dominated by North America due to the region’s growing network of stem cell banking services and high incidence of chronic illnesses. Some of the key players are, S.A.P.I. DE C.V., Cryo Cell International Inc., Cryoholdco De LatinoAmerica, Cordlife Group Limited, StemCyte Cord Blood Bank.

Stem Cell Banking Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.

By Service Type:

Analysis
Collection & Transportation
Processing
Storage

By Utilization:

Used
Unused

By Cell Type:

Adult Stem Cell
Cord Blood
Cord Tissue
Embryonic Stem Cell
Placenta
Umbilical Cord Stem Cell

By Bank Type:

Public
Private

By Region:

Asia-Pacific
Europe
Middle East and Africa
North America
Latin America

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Stem Cell Banking Market Future Outlook

Cellulose Ether and Its Derivatives Market Size- By Product Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

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Monoclonal Antibodies Market Share 2023- Global Industry Trends, Revenue, CAGR Status, Key Players, Business Challenges and Forecast Analysis till 2032: SPER market Research

admin April 10, 2024 biotechnology, Business, News

Monoclonal antibodies (mAbs) are referred to highly specific to cancer cells, as they bind to the proteins on their surface and stimulate an immune response. These immunoglobulins are similar and come from a single B-cell that can identify the specific binding location on the antigen and due to mAbs having certain specific epitopes, they are being used more and more for therapeutic and diagnostic purposes across a variety of diseases. Many monoclonal antibodies are currently on the market and can be used to treat a variety of conditions, including infectious diseases, blood disorders, autoimmune diseases, cancer, and cardiovascular disease.

According to SPER market research, Monoclonal Antibodies Market Size – By Source, By Indication, By End User, By Application, By Production Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Global Monoclonal Antibodies Market is predicted to reach USD 604.06 billion by 2032 with a CAGR of 11.33%.

One major driver propelling the growth of the monoclonal antibody market’s revenue is the quick rise in the prevalence of uncommon and chronic infectious diseases. For example, the World Health Organization estimates that 10 million people worldwide lost their lives to cancer in 2020 which corresponds to one-third of cancer-related fatalities in that year. Furthermore, a sizable number of monoclonal antibodies are recommended for cancer treatment regimens, which has given the market prospects to advance its revenue. Additionally, a broad product pipeline with potentially useful treatments for such a wide spectrum of illnesses will lead to market growth. Consequently, a high percentage of product approval helps to increase accessibility.

One of the main challenges impeding the growth of the global monoclonal antibody market is the high cost associated with these drugs due to their complex manufacturing process and the high cost of research and development. The loss of patents by businesses is another aspect that proves to be a constraint on this sector. The market for monoclonal antibodies will face difficulties due to the underdeveloped healthcare systems in emerging nations and the shortage of qualified personnel and strict government laws and patent infringement will also serve as barriers that slow down the market’s rate of expansion.

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Impact of COVID-19 on Monoclonal Antibodies Market

The COVID-19 pandemic caused the manufacture of monoclonal antibodies to stop, which had a significant impact on the market for these drugs worldwide because they are widely utilized in gene therapy and cancer treatments. Nonetheless, the COVID-19 viral pandemic eventually has had a favourable impact on the growth of the monoclonal antibody market. The demand for efficient treatments had increased due to the unexpected rise in COVID-19 patient numbers and the infection’s danger of fatality. Furthermore, because of the potential of these antibodies to reduce the burden of disease, a number of industry participants have been actively involved in the creation of novel monoclonal antibodies for the prevention and treatment of the COVID-19 virus. In addition, there are numerous current clinical trials to create innovative medication therapies and a broad spectrum of approved products for use in COVID-19 treatment emergencies.

Monoclonal Antibodies Market Key Player

Due to a strong presence of monoclonal antibodies market, the North American Region has the biggest share and is expected to increase further. Additionally, some of the key market players are Abbott Laboratories, AbbVie, AbGenomics, Agensys, ALMAC Group, Celgene, Daiichi Sankyo Company ltd., Johnson & Johnson, Merck & Co. Inc., Pfizer Inc, Sanofi, and others.

Monoclonal Antibodies Market Segmentation

The SPER Market Research report seeks to give market dynamics, demand, and supply Forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.

By Source

:Murine,
Chimeric,
Humanized and Human

By Indication

Cancer
Breast cancer,
Colorectal cancer,
Lung cancer,

By End User

Hospitals, Research Institutes,

By Application

Anti-Cancer,
Immunological,
Anti-Infective Monoclonal Antibodies

By Production Type

In Vivo and In Vitro

For More Information, refer to below link:-

Monoclonal Antibodies Market Trends

Stem Cell Banking Market Size- By Service Type, By Utilization, By Cell Type, By Bank Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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Biological Treatment Technologies Market

Wastewater Treatment Market Share, Upcoming Trends, Growth Drivers, Demand, Business Challenges, Future Opportunities and Competition Analysis 2032: SPER Market Research

admin March 14, 2024 biotechnology, Business, News

Wastewater treatment is accomplished through the application of Biological Treatment methods. It takes into consideration biodegradation bleaching with the aid of various bacteria, yeasts, microbes, fungi, and algae. These elements are necessary for the survival and reproduction of microorganisms. Pollutants are the source of nutrients. Both the volume of pollutants in effluent streams and the amount of industrial wastewater discharges have increased recently. This has led to widespread global experimentation and research on wastewater treatment techniques. Municipal solid waste (MSW) is waste that is collected by or on behalf of a local government. The majority of it is household trash,

According to SPER market research, ‘Biological Treatment Technologies Market Size- By Treatment, By Application, By End Use Industry – Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Biological Treatment Technologies Market is predicted to reach USD 4.73 billion by 2032 with a CAGR of 6.77%.

Most industries regularly treat their wastewater biologically, and in the years to come, this trend is expected to increase market expansion. It is anticipated that the aerobic segment would hold a larger share of the biological wastewater treatment market due to the aerobic process’s high efficiency in straightforward construction, processing, and low investment costs. Despite this, the anaerobic category is expected to increase significantly over the course of the projection period because of its low power consumption, low production of sludge, and ability to produce methane gas and other byproducts.

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Furthermore, there are encouraging opportunities for market expansion due to rising R&D spending from significant rivals and technological advancements in biological therapies. The natural processes of the biological treatment solution provider break down the organic contaminants as a result of growing environmental concerns and heightened activities related to solid waste management. Additionally, customers are becoming more aware of environmentally responsible goods and services. They have become more selective due to the service provider’s environmental impact. Along with these pressing environmental challenges, the firms are addressing solid waste management and climate change. These factors are encouraging the biological treatment technologies market to grow.

Impact of COVID-19 on Biological Treatment Technologies Market

The unprecedented global public health emergency known as COVID-19 affected almost every industry, and its long-term ramifications are anticipated to have an effect on the growth of multiple end-use industries. Due of the decrease in revenue and outcomes, the COVID-19 pandemic has caused many micro, small, and medium-sized firms worldwide to postpone investing in the construction of new water and wastewater treatment facilities. Despite the epidemic-like rapid spread of chemicals, medicines, pulp and paper, meat and poultry, textiles, dairy, breweries, oil and gas, and metal in both developing and developed countries, there will likely be a greater demand for biological wastewater treatment on a global scale. The high cost of wastewater treatment is expected to impede the market expansion for biological wastewater treatment.

Biological Treatment Technologies Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Dryden Aqua,DAS Environmental Expert GMBH, Evoqua Water Technologies, Microvi Biotech, Inc., Alfa-Therm Limited, BioCoTech AS,BIFFA Plc. ,Composting Solutions Ltd, Closed Loop Environmental Solutions Pty Ltd, Organica Water, Pentair PLC, Scarab International, Supreme International Limited.

Global Biological Treatment Technologies Segmentation:

By Application: Based on the Application, Global Biological Treatment Technologies is segmented as; Commercial, Industrial, Residential

By End Use Industry: Based on the End Use Industry, Global Biological Treatment Technologies is segmented as; Industrial (Chemicals, Meat and Poultry, Paper, Pharmaceuticals, Pulp, Others), Municipal.

By Treatment: Based on the Treatment, Global Biological Treatment Technologies is segmented as; Anaerobic treatment, Black soldier fly treatment, Composting, Fermentation, Vermicomposting

By Region:In terms of revenue and market share throughout the anticipated period, North America will dominate the market for biological wastewater treatment. This is a result of the region’s growing need for biological wastewater treatment.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report

For More Information, refer to below link: –

Biological Treatment Technologies Market Growth

Global Next Generation Sequencing Market Size- By Product Type, By Type of Sequencing Technology, By Application, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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MENA Liquid Biopsy Market Share, Trends, Revenue, Growth Drivers, Business Challenges, Key Players, CAGR Status and Future Opportunities till 2033: SPER Market Research

admin January 22, 2024 biotechnology, Business, News

A liquid biopsy is a minimally invasive medical test used to diagnose and track diseases like cancer by finding biomarkers in a patient’s blood or other bodily fluids like saliva or urine. Liquid biopsies use sophisticated molecular biology techniques to capture and study circulating tumour cells (CTCs), cell-free DNA (cfDNA), and other biomolecules found in bodily fluids, in contrast to standard biopsies, which involve an invasive surgical procedure to obtain tissue samples.

According to SPER market research, ‘Middle East Liquid Biopsy Market Size- By Technology, By Work Flow, By Usage, By Sample, By Circulating Biomarker, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East Liquid Biopsy Market is predicted to reach USD 0.208 billion by 2033 with a CAGR 13.89%.

Liquid biopsy is an innovative medical technique for detecting and monitoring diseases, particularly cancer, without the need for invasive tissue extraction. It utilizes advancements in human genome sequencing and sensitive detection methods. Unlike traditional biopsies, liquid biopsy uses easily accessible samples like blood and urine, minimizing patient discomfort. It serves as a valuable alternative for individuals unable to undergo risky tissue biopsies, enhancing patient comfort and safety, especially in cases like lung cancer near vital organs.

The increasing investment from the federal government is anticipated to propel the market’s growth rate. The market will gain from research operations that ensure a high return on investment. The market growth rate is positively impacted by government awareness-raising campaigns, especially in developing nations; rising personal disposable income; the introduction of technologically advanced products in hospitals; increased investment in the development of cutting-edge medical products and devices; and rising demand for non-invasive surgical procedures. Growing R&D spending is anticipated to create even more profitable market expansion potential for medical devices and equipment, especially in developed and developing nations. The research and development capacities of pharmaceutical and biopharmaceutical nations for the integration of state-of-the-art technology in healthcare facilities are also driving the market growth rate.

It is anticipated that the low sensitivity of some liquid biopsies, restricted infrastructure, and high expenses related to R&D capabilities will hinder market expansion. The low sensitivity and specificity limitations of liquid biopsy, the lack of appropriate infrastructure in low- and middle-income countries, the requirement for significant capital investments to set up production facilities, the absence of favourable reimbursement scenarios and technology penetration in developing economies, and other factors are anticipated to present challenges to the market during the forecast period.

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Impact of COVID-19 on Middle East Liquid Biopsy Market

The COVID-19 pandemic had a significant impact on revenue growth and market share. Due to lower demand, manufacturers first suffered losses; however, the second half of 2021 experienced a compensatory increase. However, it is expected that the industry will have significant effects between 2020 and 2022. A notable factor affecting Exact Sciences’ Cologuard test sales during the pandemic was a decrease in the number of cancer patients in hospitals and diagnostic labs.

Middle East Liquid Biopsy Market Key Players:

Additionally, some of the market key players are Bio-Rad Laboratories, Inc., Bioscience Institute S.p.A., Eurofins Scientific, F. Hoffmann-La Roche Ltd, and others.

MENA Liquid Biopsy Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Technology: Based on the Technology, Middle East Liquid Biopsy Market is segmented as; Polymerase Chain Reaction, Next-Generation Sequencing, Fluorescence In-Situ Hybridization, Other Technologies.

By Work Flow: Based on the Work Flow, Middle East Liquid Biopsy Market is segmented as; Sample Preparation, Library Preparation, Sequencing, Data Analysis.

By Usage: Based on the Usage, Middle East Liquid Biopsy Market is segmented as; Research Use Only, Clinical.

By Sample: Based on the Sample, Middle East Liquid Biopsy Market is segmented as; Blood, Urine, Saliva.

By Circulating Biomarker: Based on Circulating Biomarker, Middle East Liquid Biopsy Market is segmented as; Circulating Tumor Cells, Cell-Free DNA, Circulating Cell-Free RNA, Exosomes and Extracellular Vesicles, Other Circulating Biomarkers.

By Product: Based on the Product, Middle East Liquid Biopsy Market is segmented as; Tests/Services, Kits and Consumables, Instruments.

By Region: This report also provides the data for key regional segments of Europe; Kingdom of Saudi Arabia, United Arab Emirates, Rest of Middle East.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

MENA Liquid Biopsy Market Revenue

Bioenergy Market Size- By Product Type, By Feedstock, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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Monoclonal Antibodies Market Growth Size, Share, Revenue, Upcoming Trends, Challenges, and Forecast Analysis till 2032: SPER Market Research

admin January 15, 2024 biotechnology, Business, News

A type of immunotherapy known as monoclonal antibody (mAb) therapy uses monoclonal antibodies to attach mono specifically to particular proteins or cells. Monoclonal antibodies are copies made from the same immune cells that make up a single parental cell. Because these antibodies have monovalent affinity, they can attach themselves to a specific antigen when given. Because of their site specificity, monoclonal antibodies are valuable instruments for substance detection and purification. As a result, they find extensive application in the fields of molecular biology, biochemistry, and medicine.

According to SPER market research, Monoclonal Antibodies Market – By Production type, By Application, By Source, By Indication, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Monoclonal Antibodies Market is predicted to reach USD 604.06 billion by 2032 with a CAGR of 11.33%.

The global market for monoclonal antibodies is expanding mostly due to the increasing number of people with chronic illnesses. The development of novel uses for monoclonal antibodies also has a big impact on the growth rate of this market. The global market for mABs will probably grow as a result of the increase in investments made in healthcare infrastructure. The future of this market is anticipated to be heavily reliant on the development of new molecules because of the affordability of this technology. Furthermore, the market is expanding more quickly because of the need to guarantee high-quality healthcare services. The global market for monoclonal antibodies (mABs) has witnessed substantial growth due to the introduction of technologically advanced genetic platforms like next-generation sequencing and the advancement of genomics research and development activities.

However, the main factor slowing down the market’s growth rate is the high cost of manufacturing and research and development for monoclonal antibodies. The market expansion for monoclonal antibodies is anticipated to be adversely affected by competition from biologics and biosimilar. Further major barriers to market growth are safety concerns and side effects related to the use of monoclonal antibodies. The market for monoclonal antibodies is expected to grow more slowly due to the existence of a strict regulatory environment, drawn-out approval procedures, restricted access to patient populations because of high costs and intellectual property concerns, and legal challenges. In certain indications, limited clinical efficacy further slows down the market’s rate of expansion.

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Impact of COVID-19 on Monoclonal Antibodies Market

Furthermore, The COVID-19 virus outbreak has increased demand for monoclonal antibodies. The rapid rise in COVID-19 cases and the associated mortality risk has spurred research and development of effective treatments. Moreover, a number of industry players are actively engaged in the development of novel monoclonal antibodies for COVID-19 virus prevention and therapy due to the virus’s potential to lessen disease burden. A wide range of pharmaceutical approvals for emergency use in COVID-19 treatment and a high number of ongoing clinical trials to develop innovative pharmacological therapies also contributed to the pandemic’s acceleration of market growth.

Monoclonal Antibodies Market Segmentation:

Geographically, Asia Pacific led the global Monoclonal Antibodies market in terms of value, because of rising healthcare awareness, a large patient pool available for mAb cancer therapeutics, and rising disposable income. China and India are the biggest market in the Asia-Pacific area. Additionally, some of the market key players are Abbott Laboratories, AbbVie, AbGenomics, Celgene, Eli Lilly, GenScript, Teva pharmaceutical industries and Thermofischer Scientific.

By Source

:Murine,
Chimeric,
Humanized and Human)

By Indication

Cancer
Breast cancer,
Colorectal cancer,
Lung cancer,

By End User

Hospitals, Research Institutes,

By Application

Anti-Cancer,
Immunological,
Anti-Infective Monoclonal Antibodies

By Production Type

In Vivo and In Vitro

For More Information, refer to below link:-

Monoclonal Antibodies Market Share

Middle East Liquid Biopsy Market Size- By Technology, By Work Flow, By Usage, By Sample, By Circulating Biomarker, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Next Generation Sequencing Market Growth 2023, Industry Size-Share, Upcoming Trends, Revenue, Business Challenges and Future Opportunities Report 2033: SPER Market Research

admin August 10, 2023 biotechnology, Business

Next-generation sequencing (NGS) is a rapid and highly efficient DNA sequencing technology that enables the simultaneous sequencing of millions to billions of DNA fragments. It has revolutionized genomics research by providing cost-effective and high-throughput sequencing, allowing for comprehensive analysis of genomes, transcriptomes, and other genetic elements. NGS provides researchers with large amounts of sequence data, helping them unravel complex genetic information and gain insights into the structure, function, and variation within genomes

According to SPER market research, ‘Next Generation Sequencing Market Size- By Product Type, By Type of Sequencing Technology, By Application, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Next Generation Sequencing Market is predicted to reach USD 129.58 billion by 2033 with a CAGR of 22.44%.

Numerous sectors, including oncology, uncommon genetic illnesses, infectious diseases, agriculture, and pharmacogenomics, employ NGS significantly. The implementation of NGS in clinical settings has been prompted by the rising desire for precision medicine, which customises healthcare based on each patient’s unique genetic makeup. Improved illness management is required due to the increasing prevalence of chronic diseases in the world, and NGS offers useful information for early detection, precise diagnosis, and tailored treatments. The NGS market’s R&D operations have been expedited through partnerships and collaborations between important firms, academic institutions, and research organisations. Additionally, by encouraging NGS adoption and commercialization, government initiatives, financial support, and expedited regulatory processes have boosted industry growth.

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The sequencing of a person’s entire genome raises ethical and legal issues, necessitating a compromise between the advantages of genomic research and privacy protection. The use of NGS in clinical settings is hampered by complicated regulatory environments and reimbursement procedures. Establishing procedures, maintaining data security, educating professionals, and addressing patient acceptability and understanding are all necessary for integrating NGS into healthcare systems. Finding useful variants and comprehending the relationships between genes and environments are difficult tasks when interpreting genomic data. To encourage NGS adoption and thoughtful decision-making in research and clinical applications, awareness-raising and education are essential.

Impact of COVID-19 on Global Next Generation Sequencing Market

The COVID-19 pandemic changed research priorities, affecting the NGS industry and programmes associated to COVID-19. Delivery of NGS equipment and consumables was delayed due to broken supply chains, but the situation improved when the restrictions were loosened. Due to resource reallocation, non-COVID-19 research projects utilising NGS were postponed. The demand for NGS technology enabling remote data processing increased as telemedicine became more widely used. Globally, governments made investments in NGS and genomics, supporting the market. Increased knowledge-sharing and market consolidation were facilitated by partnerships and collaborations between NGS businesses and academic organisations.

Next Generation Sequencing Market Key Players:

Geographically, North America emerged as the dominant region in the Next Generation Sequencing industry. This region invests heavily in R&D, and has availability of technologically and advanced healthcare research framework for conducting medical research that drives for the market expansion in North America. Furthermore, the projected period anticipates a surge in demand for Next Generation Sequencing across various industries, including Healthcare and Clinical Diagnostics, Pharmaceutical and Biotechnology Industries. Additionally, some of the market key players are Agilent Technologies, F. Hoffmann-La Roche Ltd, Illumina Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc., Others.

Global Next Generation Sequencing Market Segmentation:

By Product Type: Based on the Product Type, Global Next Generation Sequencing Market is segmented as; Reagents and Consumables, Software, Products & Services, Instruments.

By Type of Sequencing Technology: Based on the Type of Sequencing Technology, Global Next Generation Sequencing Market is segmented as; CHIP Sequencing, De Novo Sequencing, Methyl Sequencing, RNA Sequencing, Targeted Resequencing, Whole Exome Sequencing, Whole Genome Sequencing.

By Application: Based on the Application, Global Next Generation Sequencing Market is segmented as; Agriculture and Animal Research, Diagnostics, Drug Discovery, Genetic Screening, Personalized Medicine, Other Applications.

By End-User: Based on the End-User, Global Next Generation Sequencing Market is segmented as; Academics and Research Centres, Contract Research Organizations, Hospitals and Healthcare Institutions, Pharmaceutical and Biotechnology Companies, Others.

By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link: –

Next Generation Sequencing Market Rising Trend

Microalgae Market Size – By Type, By Category, By Grade, By Application, By Distribution Channel, By Form- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

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Wellness Genomics Market Share, Rising Trends, Growth Opportunities, COVID-19 impact Analysis, Business Challenges And Forecast 2023-2033: SPER Market Research

admin May 17, 2023 biotechnology, Business

The global wellness genomic market involves products and services that use genomic information to enhance wellness and prevent disease. The market includes companies that offer genomic testing and analysis, personalized nutrition and fitness plans, and lifestyle coaching based on an individual’s unique genetic makeup. The market is driven by increasing awareness of personalized medicine, growing demand for preventive healthcare, and advancements in genomic technology. North America is currently the largest market for wellness genomics, followed by Europe and Asia Pacific. Key players in the market include Thermo Fisher Scientific, Illumina, Inc., and Myriad Genetics. The market is expected to continue growing as more people seek a proactive approach to their health and wellness.

According to SPER market research, ‘Wellness Genomics Market Size- By Type, By Setting Type, By Application – Regional Outlook, Competitive Strategies, and Segment Forecast to 2033’ state that the Global Wellness Genomics Market is predicted to reach USD 22.55 billion by 2033 with a CAGR of 14.23%.

The growth drivers of the global genomics market include the increasing demand for personalized medicine and precision healthcare, advancements in genomic technology, and decreasing costs of genome sequencing. The rise in the prevalence of genetic diseases and the need for early disease diagnosis and treatment also drive the growth of the market. The expanding applications of genomics in areas such as drug discovery and development, agriculture, and animal breeding also contribute to the growth of the market. Additionally, the increasing awareness of genomics and its potential benefits among consumers and healthcare providers further drives the growth of the market.

Challenges faced by the global genomics market include the high cost of genome sequencing, the complexity of genomic data analysis, data privacy and security concerns, and the lack of standardization and regulation in the industry. The shortage of skilled personnel and the need for specialized training also pose challenges to the growth of the market. Additionally, ethical concerns regarding the use of genomic data and the potential for genetic discrimination in employment and insurance pose challenges to the adoption and acceptance of genomics.

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Impact of COVID-19 on Global Wellness Genomics Market

The COVID-19 pandemic has had a positive impact on the global genomics market, as the virus has led to increased demand for genomic sequencing and analysis for diagnosis, treatment, and vaccine development. The pandemic has highlighted the importance of genomics in precision healthcare and disease prevention and has accelerated research and development in the field. However, the pandemic has also disrupted supply chains and caused economic uncertainty, which has had a negative impact on the market.

However, the pandemic has also had some negative impacts on the Wellness Genomics market. The closure of factories and reduced economic activity have led to a reduction in demand for air quality monitoring systems from industrial and commercial sectors. In the short term, this has caused the market’s growth to slow.

The global wellness genomics market is segmented into regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America currently dominates the market due to the high demand for preventive healthcare and the presence of major companies in the region. Europe is also a significant market, driven by government initiatives to promote personalized medicine and growing awareness of genomics. Asia Pacific is expected to be the fastest-growing market, driven by increasing healthcare expenditure, a growing middle class, and increasing awareness of genomics.

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Wellness Genomics Market Demands

Global Monoclonal Antibodies Market- By Source, By Indication, By End User, By Application, By Production Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

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MENA Liquid Biopsy Market is Likely to Propel with a Share of US$ 0.208 Bn at a Healthy CAGR Value. Growth is Attributed to Recent Government’s Stringent Initiatives | SPER Market Research

admin May 9, 2023 biotechnology, Business, News

Liquid biopsy is a non-invasive medical test that uses advanced molecular biology techniques to detect biomarkers in a patient’s blood or other bodily fluids to diagnose and monitor diseases such as cancer. Unlike traditional biopsies, liquid biopsy does not require invasive surgery to extract tissue samples, but relies on isolating and analyzing circulating tumor cells (CTCs), cell-free DNA (cfDNA), and other biomolecules present in body fluids. This technique has the potential to improve early diagnosis and treatment outcomes for various diseases while reducing patient discomfort and risks associated with invasive procedures.

According to SPER Market Research, ‘MENA Liquid Biopsy Market Size- By Technology, By Work Flow, By Usage, By Sample, By Circulating Biomarker, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East Liquid Biopsy Market is predicted to reach USD 0.208 billion by 2033 with a CAGR of 13.89%.

The Middle East liquid biopsy market is expected to witness significant growth due to various factors. One of the primary growth drivers is the increasing incidence of cancer in the region. Liquid biopsy offers a non-invasive method of detecting cancer at an early stage, which can increase the chances of successful treatment. Advanced liquid biopsy technologies, such as NGS and digital PCR, have also enabled the detection of small amounts of cancer-related biomarkers in blood samples, enhancing the accuracy of cancer diagnosis.

The Middle East liquid biopsy market faces challenges such as limited awareness, high cost, lack of standardization, technical challenges, and regulatory challenges. Limited awareness among patients and healthcare providers, expensive testing, and the absence of a standardized approach to liquid biopsy testing are some of the challenges that can limit the market’s adoption. Technical difficulties such as low concentration of cancer biomarkers and potential contamination also need to be addressed.

Impact of COVID-19 on Middle East Liquid Biopsy Market

The COVID-19 pandemic has had a mixed impact on the Middle East liquid biopsy market. On the one hand, the pandemic has increased the need for non-invasive testing options, which has driven the adoption of liquid biopsy. On the other hand, disruptions to healthcare systems, including reduced access to hospitals and clinics, have slowed down the adoption of liquid biopsy. Additionally, the pandemic has caused economic challenges, which may limit the affordability of liquid biopsy tests for some patients. Despite these challenges, the market is expected to rebound in the post-pandemic period as healthcare systems return to normal and the need for non-invasive testing options continues to increase.

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Middle East Liquid Biopsy Market Key Players:

Furthermore, The Middle East liquid biopsy market is analyzed based on various regions, including the United Arab Emirates, Saudi Arabia, Iran, Israel, and others. The UAE is expected to dominate the market due to its increasing investments in the healthcare sector and favorable regulatory environment. Saudi Arabia is also projected to witness significant growth due to the rising incidence of cancer and increasing demand for personalized medicine. Iran and Israel are also expected to contribute to the growth of the market due to their developing healthcare infrastructure and advancements in liquid biopsy technology. The rest of the Middle East region is expected to show moderate growth due to the limited adoption of liquid biopsy technology and low awareness among healthcare providers and patients. In addition, some of the market key players are Bio-Rad Laboratories, Inc., Bioscience Institute S.p.A., Eurofins Scientific, F. Hoffmann-La Roche Ltd, Others.

Middle East Liquid Biopsy Market Key Segments Covered