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latestmarketnews's Updates (177)

  • latestmarketnews
  • In a 3PL market, ESG factors have become increasingly important, encompassing challenges and opportunities for 3PL providers and their clients. While there is a growing emphasis on socially responsible initiatives such as achieving the Sustainable Development Goals (SDGs), multi-dimensional ESG aspects, including business ethics, labor conditions, carbon emissions, human rights, renewable energy, anti-corruption, and product packaging, are key ESG areas that companies in this industry look to... [more]
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  • Battery Industry ESG Outlook: Unlocking Sustainable Growth https://tinyurl.com/36pawhsn Did you know that the global battery market is projected to expand at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027, reaching a value of US$ 108.4 billion? This growth is driven by the increasing demand for lithium-ion batteries, especially in the electric mobility sector. As the world gears up for a future with nearly 10... [more]
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  • The high-density rearing of commercial birds has put the spotlight on poultry vaccination to boost immunity and protect against strains of pathogens. The prevalence of Newcastle diseases among turkeys, ducks, birds, geese and guinea fowl has prompted several countries to bolster their policies. In essence, Victoria, Australia, has made vaccination for Newcastle disease mandatory. The U.S., meanwhile, reported 57.53 million poultry animals grappling with high pathogenic avian influenza (HPAI),... [more]
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  • A renewed focus on ambulance services with technological advancements has helped stakeholders navigate opportunities and trends shaping the healthcare industry. An uptick in chronic diseases and road accidents has expedited the demand for emergency medical services. Ambulance services reportedly accounted for USD 39.14 billion of business in the healthcare industry in 2022. Get your copy or request a free sample of the report @ [more]
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  • The prevalence of animal diseases, disorders and illnesses has put the spotlight on veterinary medicines. Farmers and pet owners bank on drugs to keep their animal disease free and healthy. The medicine can also be used to control and monitor zoonotic diseases and maintain livestock food supply. Veterinarians also work in agribusiness to ensure a safe food supply, while also helping farmers boost their productivity. Get your copy or request a free sample of the report @ [more]
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  • Athletes have exhibited immense traction in tracking glucose levels continuously. So much so that CGM technology has become sought-after to see how their training and food influence their blood glucose levels all the time. The advanced CGM devices enable consumers to make diet and training decisions to help boost their performance. There have been instances in the past of the National Football League (NFL) using CGM devices. Some well-established brands, such as Abbott (Libre Sense),... [more]
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  • The pervasiveness of diabetes type 1 and type 2 has had a notable impact on people's well-being and hampered the healthcare system's sustainability. A study forecasts that around 783.7 million people will live with diabetes by 2045. Strain diabetes puts on the economy and the complications linked to the disease have warranted a holistic approach to develop strategies to minimize prevalence and foster healthcare. There is a general acceptance that physical activity and healthy food habits... [more]
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  • The medical industry expects viral vectors to grow in prominence in transferring genetic material into the genetic composition of cells. Adeno-associated Viruses (AAVs) have become sought-after in gene therapy as they can deliver genetic material to cells and do not cause disease. Predominantly, adenovirus, retrovirus, herpes simplex virus and lentivirus, among others, are used to transfer genetic material into cells’ genetic composition. Technological advancements in manufacturing AAV... [more]
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  • Patients dying on the waiting list hoping to get lifesaving organ transplants have strengthened the significance of cells and tissue transplantation. The studies on xenotransplantation have become pronounced with an emphasis on bone-related conditions, wound healing/burn care, dental, breast reconstruction and adenocarcinoma. Frontiers of transplanting nonhuman organs or tissues into human recipients have put the spotlight on pigs. While fish skins have been successfully used for burn... [more]
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  • The rising applications of CROs, including augmented reality (AR), virtual reality (VR) and mixed reality (MR) have fueled the demand for healthcare outsourcing. The adoption of ML and AI has become pronounced in the wake of increasing scrutiny to adhere to regulatory compliance of healthcare products. For instance, AI can propel transparency with accurate results and enhance the efficiency and pace of product development. Since AI is less prone to human error, it enables better quality... [more]
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  • Veterinary services have witnessed an unprecedented spike on the back of surging demand for quality pet care. Some factors, such as an uptick in pet adoption, the prevalence of chronic diseases and growing pet insurance services, have spurred the market penetration of animal doctors. For instance, Europe has around 309,144 veterinarians (39 FVE member countries), according to a European Federations of Veterinarians survey. Clinical practice (contributing to 58% of all respondents’... [more]
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  • An uptick in disability rates across the U.S. has fueled the need for wheelchairs. The Census report in 2020 asserted that around 5.5 million people used wheelchairs. Besides, the U.S. is listed among the top three countries (disability rates). Disabled athletes have sought mobility devices for ease of use and self-functioning. Self-propelled wheelchairs have gained ground with soaring demand for mobility and lightweight across tennis, basketball and marathons. Furthermore,... [more]
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  • CMOs are exploring the potential of mammalian cell culture production amidst soaring demand for biopharmaceutical contract manufacturing services. Incumbents, such as Charles River and Lonza have furthered investments in mammalian cells. To illustrate, in May 2021, Lonza announced pouring USD 936 million to bolster the footprint of mammalian drug substance manufacturing sites in the U.S. and Switzerland. Biopharmaceutical firms are responding to the demand for outsourced services with... [more]
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  • An uptick in clinical trials and demand for advanced therapy medicinal products (ATMPs) have offered compelling opportunities for contract research organizations (CROs). The U.S. National Library of Medicine notes that around 83,230 clinical trial studies are currently active and/or recruiting globally. Amidst stiff competition and the soaring USD 1.5 trillion industry of medical device and drugs, acquisitions of small-scale innovative players, outsourcing and R&D activities have become... [more]
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  • The burgeoning aging population and a surge in obesity & diabetic cases have put the spotlight on advanced ophthalmic devices. The National Institute on Aging (NIA) estimates the geriatric population to reach 72 million by 2030, while the WHO suggests around 422 million people are living with diabetes. These trends imply the prevalence of vision impairment and blindness due to diabetic retinopathy, cataracts, glaucoma, age-related macular degeneration and vitreo-retinal disorders.... [more]
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