What are Key Factors Responsible for Soaring Demand for Next-Generation Sequencing Technology?

The surging incorporation of next generation sequencing (NGS) technology in biopharmaceutical and pharmaceutical organizations, especially in developed nations, is one of the biggest factors fuelling the demand for this technology across the globe. This is mainly attributed to the increasing incidence of chronic diseases such as autoimmune diseases, cancer, and diabetes and the resultant surge in the requirement of innovative treatment procedures. Additionally, the growing utilization of NGS instruments by pharmaceutical and biopharmaceutical companies for designing therapies for various chronic diseases and genetic disorders is further boosting the demand for this technology all over the world.

The increasing research and development (R&D) activities in several regions including North America and Europe and rapid technological developments in next generation sequencing technology, especially in the developed nations are the other factors fuelling the adoption of this technology around the world. Furthermore, the lower costs of the NGS-based processes as compared to the conventional sequencing methods are contributing significantly toward their growing popularity in several countries. Due to these factors, the global next-generation sequencing market is predicted to exhibit rapid progress in the upcoming years.

To Learn more about this report: https://bit.ly/3ikYgPi

Geographically, “the North American next-generation sequencing market will demonstrate the highest growth in future”, primarily on account of the rapid technological advancements, increasing healthcare spending, growing utilization of NGS systems, and existence of numerous academic and research institutes in the region. However, in spite of these reasons, "the market growth will be faster in Asia-Pacific (APAC) than in North America in the years ahead”, because of the increasing genomics and proteomics-related R&D activities in the region.

Hence, it can be safely said that the demand for NGS technology will rise tremendously all over the world in the years to come, predominantly because of the increasing adoption of this technology in the biopharmaceutical and pharmaceutical companies, healthcare applications, and the surging R&D activities in the field of genetics.

Read more: https://www.psmarketresearch.com/market-analysis/next-generation-sequencing-market

Read More

COVID-19 Impact Analysis on Closed Loop Stepper Motor Market | Insights on Strategies of Key Players

The global closed loop stepper motor market is projected to grow at a CAGR of 6.3% during 2017 – 2023. As per the research, the global closed loop stepper motor market is expected to register a CAGR of 6.3% during 2017 – 2023. Closed loop stepper motors refer to an improved version of the traditional open loop stepper motors, which abolish the constraints and drawbacks of the traditional systems.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/closed-loop-stepper-motor-market/report-sample

Some of the major end-users of closed loop stepper motors comprise industrial machineries, medical equipment, packaging and labelling, factory automation, textile and robotics, of which industrial machineries have been the largest user, owing to the rapid growth in mechanization and evolution of industry 4.0. Asia-Pacific has been the largest contributor to the global closed loop stepper motor market. 

Major factors propelling the growth of the global closed loop stepper motor market include brisk increase in mechanization, integration of motion control components and standardization of energy efficiency. The anticipated growth in the market is attributable to the surging demand for automation in developing countries such as Japan, China, India and South Korea; among which, Japan contributes the largest to the Asia-Pacific closed loop stepper market, closely followed by China.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=closed-loop-stepper-motor-market

Closed loop steppers incorporate the advantages of servo and traditional stepper motor technologies and offer unique competencies and improvements over both, while at half the cost of a servo system. Some of the major companies operating in the global closed loop stepper motor market include Nippon Pulse Motor Co. Ltd., Schneider Electric SE, ABB Ltd., Applied Motion Products Inc., Delta Electronics Inc., Sanyo Denki Co. Ltd.,

Read More

How is Growing Geriatric Population Driving Global Digital Therapeutics Industry?

The number of people aged 60 years or above is increasing day by day. According to the United Nations Department of Economic and Social Affairs report on the worldwide aging population, the global percentage of geriatric population is predicted to reach 21.1% by 2050, increasing from 11.7% in 2017. Moreover, by 2050, the number of old age people is projected to reach about 324 million in India, 437 million in China, 58 million in Brazil, and 107 million in the U.S. by 2050. Due to weakened body functions, aged people are more susceptible to diseases and often need to go checkups in order to maintain their health.

To Learn more about this report: https://bit.ly/3fhwAJ0

This however is not always convenient for old people, owing to which, the demand for alternate solutions, such as digital therapeutics is increasing swiftly. Digital therapeutics provide therapeutic interventions, which are driven by enhanced software programs for managing, preventing, or treating diseases, to patients. The technology can be utilized independently or along with devices, medication, or other therapies for optimizing patient care and enhancing health outcomes. Attributed to these factors, the global digital therapeutics market size is expected to advance at a considerable rate in the years to come.

Digital therapeutics, also known as software-as-a-drug, is offered via smart devices in order to boost healthy behaviors. This digital system is cost effective and further has the potential to enhance patient engagement and bring significant positive changes in patient health. Digital therapeutics is majorly prescribed for helping and managing long term conditions, including asthma, insomnia, and diabetes. Because of the advantages of these solutions, governments of several countries are increasingly taking initiatives for reinforcing the implementation and development of digital therapeutics solutions. These solutions particularly aim at patient education improvement skills and self-management for encouraging healthy lifestyle of an individual.

In conclusion, the demand for digital therapeutic solutions is increasing due to the growing geriatric population and rising government initiatives across the globe.

Read More: https://www.psmarketresearch.com/market-analysis/digital-therapeutics-market

This study covers

• Historical and the present size of the digital therapeutic market
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

Read More

Changes in Consumer Behaviour During COVID-19 Outbreak May Affect Growth ofChanges in Consumer Behaviour During COVID-19 Outbreak May Affect Growth of Robotic Process Automation Market

The growing digitization has been encouraging enterprises to adopt best practices which provide service in a timely manner and are cost-effective. Virtual workforce aims to automate business processes in order to save both cost and time and thus is a big part of digital transformation. By automating mundane and repetitive tasks, virtual workforce allows employees to focus on tasks that need human intervention for better decision making, which is why its demand is increasing.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-market/report-sample

The market is witnessing growth due to the surging demand for virtual workforce, reduction in workforce cost, greater ease of doing business, and decreasing cost of automation software and services. RPA is a technology that helps in configuring computer software for capturing and interpreting existing applications to trigger several responses, process transactions, communicate with other digital systems, and manipulate data.

When process is taken into consideration, the robotic process automation market is categorized into decision support & management, interaction solution, and automated solution. Out of these, the automated solution category dominated the market during the historical period and is projected to hold the largest share of the market during the forecast period as well. This is ascribed to the expansion of banking, financial services, & insurance (BFSI) industry, which has been adopting RPA increasingly in order to enhance efficiency and decrease cost.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=robotic-process-automation-market
The growing digitization has been encouraging enterprises to adopt best practices which provide service in a timely manner and are cost-effective. Virtual workforce aims to automate business processes in order to save both cost and time and thus is a big part of digital transformation. By automating mundane and repetitive tasks, virtual workforce allows employees to focus on tasks that need human intervention for better decision making, which is why its demand is increasing.

Read More

Reefer Container Market Analysis With the Best Scope, Trends, Benefits, Opportunities to 2030

According to P&S Intelligence, the increase in the number of trade routes would help the global reefer container market grow. In April 2019, the Chongqing municipality in south-western China was linked to Indonesia via a new trade route, which, in September 2019, was connecting 190 ports across 90 nations. Moreover, with Asian countries increasing their influence on worldwide trade, trade routes are expected to get increasingly directed toward this region.          

 In addition, much of the long-distance trade is conducted via ships, which makes the sea the most important trade mode. All these factors are predicted to propel the reefer container market to a volume of 5,981.6 thousand twenty-foot equivalent units (TEU) in 2030, from 2,915.6 thousand TEUs in 2019, at a 7.3% CAGR between 2020 and 2030.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/reefer-container-market-report/report-sample

In the coming years, the highest CAGR in the reefer container market would be witnessed by the Latin America, Middle East, and Africa (LAMEA) region. Within LAMEA, the highest adoption of reefer containers is expected in Brazil, due to the increasing trade of frozen and chilled goods between Brazil and China and India. Moreover, Brazil, which is the most-productive market for logistics in LAMEA, contributed $145 billion to the regional logistics market in 2019.

Due to the COVID-19 outbreak, the reefer container market has been affected in a negative way. Contract, liquidity, labor, and several other issues have caused much economic stress to logistics and shipping companies. Moreover, global trade has declined by around 15%, and employee payments have also ceased or are delayed. With a complete or partial ceasing of trade operations and port closures, the supply chain has been severely hampered, which has further led to a reduced demand for reefer containers.

Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=reefer-container-market-report

The most prominent companies in the global reefer container market are Singamas Container Holdings Ltd., SeaCube Container Leasing Ltd., A.P. Moller - Maersk A/S,China International Marine Containers (Group) Co. Ltd., Triton International Ltd., Seaco Srl,MSC Mediterranean Shipping Company S.A., Ocean Network Express Pte. Ltd., Hapag-Lloyd AG, and ZIM Integrated Shipping Services Ltd.

Read More

Rising Vehicular Safety Regulations to Power Boom in Global Advanced Driver Assistance System (ADAS) Market

Due to the rising demand for safety and comfort features in vehicles, owing to the swift advancements in technology, the demand for advanced driver assistance systems (ADASs) is predicated to boom in the coming years. The rapid advancements in the sensor technology have propelled innovations and developments in electronic equipment, which is promoting the adoption of advanced systems in vehicles, by various manufacturers across the globe. Furthermore, the enhanced comfort and support features provided by ADASs, such as parking aid and cruise control, are further boosting the demand for these systems. 

The mushrooming volume of sales of connected cars across the world, on account of the rapid technological advancements, is another major factor fuelling the growth in the demand for ADAS. Moreover, the rising regulations by various governments, especially the ones in developed countries, aimed at increasing vehicular safety, are further pushing the demand for ADAS. Due to these factors, the global ADAS market is expected to witness a massive increase in its value, not only in developed nations, but the developing ones as well.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/driver-assistance-systems-market/report-sample

The major components used in ADAS are sensors and systems. Of these, the systems used in ADAS are expected to register faster growth in demand in the coming years. The widely used types of ADASs are pressure monitoring systems (TPMS), intelligent parking assist systems (IPAS), drowsiness monitoring systems, adaptive cruise control systems, lane departure warning systems, blind spot objection detection systems, and adaptive front lighting systems (AFLS). Amongst these, TPMSs are expected to record the highest growth in procurement in the coming years, as their installation has been made mandatory in numerous European countries. 

The global advanced driver assistance system market is currently witnessing a skyrocketing number of collaborations and partnerships amongst major companies, in order to expand their consumer base and geographical footprint and also enhance their product portfolio. For instance, in 2015, Valeo SA signed two agreements with Mobileye NV and Safran SA, with the aim of developing front-facing camera solutions and sensor-fusion-technology-based products, with the help of Mobileye’s EyeO computer vision algorithms and microprocessors, and increasing the development of driving aids for autonomous vehicles.

Due to the increasing urbanization rate, and rising demand for high-end vehicles, due to the surging disposable income of people, the installation of ADAS is expected to grow the quickest in the Asia-Pacific (APAC) region, in the near future. In addition to this, the moderate number of sales of passenger cars in developed countries and the surging demand are expected to further boost the demand for ADAS in this region in the coming years. 

Therefore, due to the increasing demand for high-end vehicles, rapid advancements in technology that are powering the development of connected vehicles, which are equipped with numerous safety features, and rising implementation of vehicular safety laws and regulations by governments across the world, the demand for ADAS is forecast to surge in the coming years.

Read More

How is Increasing Incidence of Cancer Powering Surge of Global Stem Cell Banking Industry?

One of the major factors fuelling the increasing popularity of stem cell banking is the increasing prevalence of chronic diseases such as cancer across the world. As per the World Health Organization (WHO), one of the major causes of mortality and morbidity throughout the world is cancer, with almost 14 million people getting affected by the disease in 2012. Furthermore, the number of new cancer cases is predicted to increase by 70% all around the world in the next two decades.

To Learn More About This Report: https://bit.ly/38GkFC3

Stem cell therapies are being increasingly adopted in many countries, because of their huge success in treating cancer and other types of chronic diseases. Moreover, the rising awareness amongst the people about the need for preserving stem cells will further boost the demand for stem cell banking in future. Due to these factors, the global stem cell banking market is expected to register unprecedented growth during the forecast period (2020—2030). Stem cells are basically, used for generating new cells and tissues for the treatment of various diseases such as Parkinson’s disease, Alzheimer’s disease, arthritis, diabetes, and heart diseases.

Stem cell banking is widely used for the treatment of leukemia, autism, diabetes, thalassemia, and cerebral palsy. Out of these, the prevalence of leukemia is rising at a rapid pace across the world, which is in turn, fuelling the progress of the stem cell banking market all over the world. As per the Leukemia and Lymphoma Society (LLS), which is a voluntary healthcare organization focussing on providing access to blood cancer patients for treatments and funding research activities regarding the same, one person is diagnosed with blood cancer in the U.S. at almost every 3 minutes.

Thus, it can be said with full confidence that the popularity of stem cell banking will surge throughout the world in the forthcoming years, mainly because of the increasing requirement of stem cell therapies for the treatment of various kinds of diseases such as cancer, Parkinson’s disease, and leukemia.

Read more: https://www.psmarketresearch.com/market-analysis/stem-cell-banking-market

Read More