How Does Prevalence of the Chronic Diseases Fuels Growth of the Transplantation Industry?

The transplantation market generates $13,605.9 million revenue, and it is projected to capture $30,117.5 million revenue in 2030, growing at a rate of 9.2% from 2021 to 2030. It is led by the rising incidences of chronic diseases, such as solid tumors, kidney failure, myelodysplastic disorders, plasma cell disorders, along with disorders of the immune system. 

Moreover, immunosuppressive drugs are projected to experience the fastest growth, rising at a rate of 9.6% in the coming future. It is attributed to the growing prevalence of autoimmune disorders, such as multiple sclerosis, alopecia areata, and arthritis, along with the growing incidences of organ failures, more specifically kidney, liver, heart, and lungs. The rising disposable income of the population in emerging nations is also projected to boost the demand for immunosuppressive drugs in the coming future. 

Under the end user segment, hospitals contribute 50% revenue share to the industry, emerging as major centers for tissue and organ transplantation. In addition, the rising advancements in the healthcare infrastructure, along with the presence of a well-defined database of donors and patients requiring transplants fuel the revenue of the hospitals. 

Transplantation centers contribute extensive revenue to the industry, and it is projected to retain their position in the coming years, led by the growing awareness among donors and patients about these centers due to specialty surgeons and staff members for performing procedures. Moreover, the R&D activities performed in these centers, result in advanced transplantation procedures. 

North America captures the 40% share of the transplantation industry. The U.S. leads the region’s industry, led by the massive number of patients requiring organ transplantation for treatment, more specifically for kidneys, liver, pancreas, heart, liver, and lung transplantation. In addition, growing R&D in healthcare increases the success rate of such activities. 

Therefore, the rising prevalence of chronic diseases boosts industry growth, with growing requirements for organ transplantation.

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Radioligand Therapy Becoming Increasingly Preferred in Advanced Cancer Care

Radioligand therapy is an innovative method to treat cancer, wherein radiation is targeted at cancer cells, aiming to impact them as much as possible. A radioligand is comprised of two parts: a ligand and radioisotope. Ligands can detect cancer cells with specific surface molecules, whereas the radioisotope emits radiation to kill them.

Special nuclear reactors are utilized to produce these radioisotopes, which are shipped to the production facility where the cell-targeting compound is bonded with them. The usage of these materials in imaging is majorly in PET and SPECT imaging, which has drastically improved cancer diagnosis rates, thus ensuring more people receive the appropriate care.

The rise in cancer research grants, to find out effective treatments, and the increasing demand for more-effective drugs proliferate the adoption of this therapy. Therefore, in 2021, the radioligand therapy market valued $7,785.6 million; it is expected to advance at a CAGR of 5.9% from 2021 to 2030, to hit the $13,073.9 million mark by 2030, ascribed to the massive usage of FDA-approved drugs that have low side-effects.

Therefore, this treatment is already widely being adopted in the U.S., also attributed to the government initiatives to improve cancer care and the rising number of cancer hospitals and research centers in major cities. For example, U.S. President Joe Biden has announced the rejuvenation of the Cancer Moonshot Program with the new goal of decreasing the death rate caused by cancer in the next 25 years. The availability of advanced oncologic practices, as a result of the R&D funding provided under such government initiatives, will result in the increasing adoption of radioligand cancer therapy.

Hence, several pharmaceutical companies are focusing on R&D in this field, considering its high potential for cancer diagnosis and treatment. For example, the FDA approved Pluvicto by Novartis as a targeted treatment for PSMA-positive metastatic castration-resistant prostate cancer that progresses, in March 2022. Such moves not only allow for better cancer care but also enable pharma and biotech firms to improve their standing in the domain.

Therefore, radioligand therapy is expected to be extensively adopted to treat prostate and other types of cancers and non-cancer conditions.

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Effectiveness of Radiopharmaceuticals in Cancer Detection Increases Cyclotron Demand

Particle therapy is a kind of advanced external-beam radiotherapy that involves the projection of beams of protons, neutrons, and other heavier ions at cancer cells. The highly charged particles facilitate radiation delivery to the tumor and completely stop beyond it, ensuring that healthy tissue remains unharmed.

Hence, with the increasing cancer case count and awareness on the benefits of this advanced form of radiation treatment, the sale of synchrotrons, cyclotrons, and synchrocyclotrons, which are used to accelerate the ions, for their emission at the target cancer cells, fetched medical device manufacturers a combined $797.1 million in 2021, which is all set to increase to $1,634.4 million by 2030.

Recent studies have established it as safe for children, who are, sadly, witnessing an increasing prevalence of malignancies. Moreover, on average 80% of the kids diagnosed with cancer survive at least five years past diagnosis. Proton therapy is highly beneficial in increasing the survival rate among pediatric cancer patients as it decreases the chances of cancer coming back due to radiation. 

Proton therapy provides more protection to healthy tissues, unlike regular X-ray radiation. Therefore, it can be utilized for the treatment of children of all age groups, being highly beneficial for young children and infants.

 

Heavy-Ion Therapy

Just like all kinds of radiation, heavy-ion therapy can be delivered without any incision or pain, which is why it is widely prescribed to elderly patients. The charged heavy ions focus extreme energy at the cancer, minimizing the effects on normal tissues. Heavy-ion therapy is predicted to be effective against intractable cancers, can be utilized where conventional radiation is difficult, and is effective for the treatment of unresectable tumors. 

Carbon-Ion Therapy 

Carbon-ion therapy is also a form of particle therapy, but it cannot be easily accessed, due to its less-common availability; there are only 13 centers in the world that provide it. Carbon ions deliver more energy to the tumor and less to the nearby tissues. This treatment is not meant for children with tumors who are responding to proton therapy or conventional therapy effectively.

Therefore, the rising prevalence of cancer increases the demand for particle therapy due to the minimum damage caused by it to healthy and growing tissues near the tumor.

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How Does Augmented Analytics Solutions Help Businesses to Generate Profitability?

 In 2021, the augmented analytics market generated $8,854.7 million, and it is projected to contribute $78,229.7 million in 2030, advancing at a 27.4% rate from 2021 to 2030, attributed to the growing importance of the data collection and preparation, that results in rising profits of the companies.

Moreover, APAC is predicted to experience the highest sales in the augmented analytics market in the near future, due to the penetration of the key industry players. In addition, the increased adoption of AI technologies and Business Intelligence in India is projected to grow tremendously causing a market boom. It is due to the surging requirement for the integration and data management in the experiments performed by data scientists, in Indian enterprises, along with real-time streaming data. 

Augmented Analytics Market Revenue Outlook Forecast to 2030

North America captures the significant augmented analytics market share, accounting for 33.3%, ascribed to the presence of key players in the industries, and massive research and development activities in the region. In addition, the analytic software provides support in detecting the data patterns in unstructured data and facilitates data insights, to make better decisions that increase the business profitability. 

For example, IBM and Deloitte partnering together announced an AI-enables analytic solution, Dapper in October 2021. It provides assistance to data scientists, and business users in the management of insight assets, along with creating and organizing them to support reliable internal reporting and AI solutions to further help businesses to focus on core competencies. 

In addition, APAC is the next significant contributor to the augmented analytics market, led by the shift from conventional enterprise reporting tools to augmented analytic tools in India, China, and Japan, to further boost data preparation and cleansing. 

The major IT cities of India such as Bengaluru, Mumbai, Chennai, and Hyderabad are experiencing a surge in investments made by companies in the automation of data processing. For example, Subex Ltd. launched an end-to-end augmented analytic platform. It facilitates the convergence of data into insights, by building, interpreting, and tuning AI models, and further supports actionable insights delivery from the data. 

Moreover, augmented analytics uses emerging technologies such as natural language processing, advanced statistics, and machine learning to derive actionable insights from the data. It also helps in analyzing present and past trends to make future predictions, and resolve problems. It further helps in evaluating organizational analytics with the help of cutting-edge modeling, and statistical tools. 

For example, BI tools such as Power BIQlikView, MicroStrategy, SAP, and QlikSense provide metrics, dashboards, forecasting, measure, budgeting, planning, scoreboard, and visualization technologies, along with graphs and advanced charts. It further helps in developing reports by utilizing statistical methods to make predictions for future projects.

In addition, the software category holds the extensive augmented analytics market share, attributed to the presence of the massive amount of data and its accessibility across all the sectors, along with the increasing requirement for augmented analytic solutions. It further helps in automating the comprehension processes, data analysis, and deriving insights by simplifying the entire process. Moreover, it can also identify patterns, showcase trends, and visualization.

Therefore, the emergence of advanced technologies, such as AI, BI, ML, and NLP that derive actionable insights from the data results in the market boom.

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Video Surveillance Market Is on Track To Hitting $114.9 Billion by 2030

 A CCTV/video surveillance system is made up of a network of cameras, monitors/display devices, and recorders. The variety of design elements, to be explored subsequently, are feasible for both analog and digital cameras. Both the inside and the outside of a structure or piece of land can use these technologies. They can be programmed to record solely in reaction to movement, continuously, or only during certain periods of the day. Therefore, the global video surveillance market is predicted to hit $114.9 billion revenue by 2030.

Video Surveillance Market Revenue Outlook Forecast to 2030

China accounts for the biggest share of the APAC video surveillance market. Additionally, the nation is home to the biggest surveillance network and more than half of the region's operational security cameras. According to a source, to reduce crime and maintain social order, all important public locations in China are expected to be covered with video surveillance cameras using face recognition technology.

Globally, the North America video surveillance market is predicted to grow at a significant rate in this decade. This is due to the continuous development of a solid infrastructure, increase in the number of accidents caused by road rage, and a rise in public safety concerns. The aforementioned elements are therefore anticipated to increase the region's demand for video surveillance systems in the coming years.

Depending on the kind of hardware, cameras are expected to grow with a CAGR of about 11.9% in the upcoming years. This is because using a deep learning model and video analytics will make security cameras more necessary for a variety of end-use applications. Additionally, it is predicted that the storage sector would have substantial expansion in the years to come. As end consumers increasingly use cloud-based surveillance technology, all industry participants are being urged to make use of resources including storage devices and processing power.

The usage of IP-based video surveillance systems is being driven by improved processing power and compression techniques. Additionally, modern surveillance systems are increasingly utilizing developing technologies like artificial intelligence, computer vision, and pattern recognition to find anomalous behavior and trends in different recordings. Additionally, as more sophisticated and trustworthy IP-based video surveillance systems market, old analog video surveillance systems are losing appeal.

Based on software type, video management software (VMS) is expected to advance at a CAGR of 12.2% in the coming years. The increased reliance on technical advancements is seen in the movement in security and monitoring. The growing demand for CCTV cameras is a result of escalating security and surveillance concerns, among other factors.

Moreover, IP-powered cameras, night vision, and colored night vision are just a few of the many options available for CCTV security and surveillance cameras. As a result, the video surveillance market is growing and the need for video management software is increasing. For example, Qognify debuted its latest video management platform, Qognify VMS, in April 2022. It was created to meet the specific physical security needs of companies from all over the world.

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Growing Construction Industry Influencing Building and Construction Plastics Market

Building and construction to create items for the construction sector, plastic, a polymeric polymer, is chemically processed. They are employed in a variety of applications, including flooring, cladding and roof membranes, flooring and wallcovering, cables, insulation, pipes, and window and door panels.

Additionally, a number of plastic composite materials, including luxury vinyl tiles (LVT), stone plastic composite (SPC), and wood plastic composite (WPC), are more affordable and long-lasting alternatives to other types of flooring. The global building and construction plastics market is predicted to hit $230,273.4 million value by 2030. The rise of the construction industry is the main driver fueling the industry's growth.

Due to the presence of several significant competitors as well as small- to medium-sized regional businesses operating in various parts of the world, the market is fragmented. Regional competitors who possess extensive regulatory expertise and robust distribution networks engage in severe competition with large businesses in their particular regions.

The majority of businesses compete in the global industry by using techniques to grow their share and presence in other regions, such as strategic alliances, mergers and acquisitions, regional expansions, and the creation of new products.

Another reason driving the sector's growth is the increased awareness of plastics' ability to replace traditional roofing materials. Additionally, new business opportunities will arise as a result of the high recovery and recycling of some plastics and the increasing prevalence of green construction projects.

Since they are cheaper than other such as wood and aluminum, plastics are widely utilized to construct windows. Additionally, plastics are lighter, waterproof, and require less care than older materials. They also provide superior insulation.

The aforementioned factors are therefore anticipated to result in increased sales of such polymers for windows operating systems throughout the course of the forecast period. This increase is mostly caused by the special properties of plastics, which include:

Durability and Resistance to Corrosion

Plastics work well for applications like window frames and pipelines because of their durability. Additionally, their exceptional lifespan of over 100 years for pipelines and 50 years for underground and outside cables is made possible by its anti-corrosion qualities.

Fire Safety

In the building and construction industry, the fire resistance of many plastic materials is appreciated. The success of PVC, the dominant polymer in the industry, is primarily attributable to its inherent fire safety properties. Plastics are used to make the majority of smoke detectors, alarms, and automated firefighting systems.

Sustainability

Plastics conserve resources since they are durable, easy to install, and produced economically. The energy required to make its plastic insulation items is thought to be recovered after just one year of use in a typical home. These plastics can also be recycled, reused, or turned into energy.

Easy to Install, Use and Maintain

Plastics are lightweight, making them simple to install, use, and maintain. In actuality, maintenance is frequently unnecessary. Plastic pipes can also adapt to soil movements because to the elasticity of plastics.

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APAC Region will have the Fastest Growth in the Downstream Processing Market

The total revenue of was downstream processing market was above $21 billion in 2021, which will advance at a growth rate of above 10% in the years to come to reach $51 billion by 2030. This is ascribed to factors such as the biotechnology sector expanding globally, the speedy increase in R&D investment in the biopharmaceutical industry, and contract manufacturing administrations gaining importance. Also, there have been implausible occasions in biotechnology manufacturing, which have faster the expansion of the industry globally.

Antibodies production will have the fastest growth, advancing at a growth rate of approximately 11%, in the future. Due to the increased need for mAb, the need for antibody manufacturing is increasing at the highest rate. The introduction of new products for the effective purifying of antibodies also pushes the development of the industry. For example, in the month of January 2021, Cytiva introduced the HiScreen Fibro Prisma for the purification and procedure development of mAb.

Because of the fast surge in R&D efforts pertinent to cutting-edge bioprocess technologies, high-data process development, perfusion chromatography systems, and incessant downstream processing systems for multicomponent separations, the high-resolution membrane systems are extensively adopted. This has led to the increase in the requirement for improved and advanced bioprocessing know-how for addressing the cleansing of a bottleneck.

Conversely, North America had the largest revenue share, of above 32%, in the year 2021. This is attributable to the quick rise in government investment for, high medical costs, bioprocess technologies, developed healthcare infra, and the existence of market stalwarts. Also, this region has seen many companies involved in collaboration actions with healthcare behemoths that are profoundly funding the biopharma industry and vaccine research and development.

With the increasing commercial success of biopharmaceuticals and increasing adoption of innovative technology and biotech processes, the demand for downstream processing procedures is on the rise all over the world.

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