Plasma Fractionation Industry To Grow Fastest In Oncology Category

The plasma fractionation market was valued at USD 28,605 million in 2022, and it is expected to reach a value of USD 50,638 million, growing at a rate of 7.4%, by 2030 as told in a report by P&S Intelligence.

To learn more about this report: https://bit.ly/42geiAh

The growth of this industry is mainly driven by the increasing elderly populace, which is vulnerable to numerous rare disorders that formulate the requirement for plasma derivatives for treatment. 

During the pandemic, the demand for convalescent plasma increased as it is required for patient treatment, thus advancing the industry growth.

The immunoglobulins category is expected to witness significant growth, at a rate of 7.9%, in the years to come. This is credited to the commercial availability of plasma-derived immunoglobulins and their increasing use, mainly for treating defects related to immune systems or chronic inflammatory demyelinating polyneuropathy patients.

North America held the largest revenue share of the industry, of approximately 55%. This is credited to the current development in the pharmaceutical research and development, the increasing number of plasma collection centers, rising paid plasma donation activities, the increasing population of hemophilic patients, growing product portfolios, and the existence of key players. 

Moreover, Europe has the second-largest share of this industry. This is attributed to the increasing immunodeficiency and bleeding disorders, thus leading to increasing investments in these systems. 

It is because of the increasing adoption of immunoglobulins in numerous therapies the expanding network of plasma collection facilities, and the growing incidence of respiratory problems, the plasma fractionation industry will experience considerable growth in the coming years.

Read More

Liquid Handling System Industry to Observe Fastest Growth In Asia-Pacific

In 2022, the liquid handling system market was USD 4,692 million, and it is expected to reach a value of USD 6,521 million growing at a rate of 4.20%, by 2030 as told in a report by P&S Intelligence.

To learn more about this report: https://bit.ly/3AMloAs

This growth is credited to the developing life science industry, increasing investment to develop efficient and innovative therapeutic agents by various companies, and the growing incidence of chronic diseases.

Furthermore, the demand for these products has increased considerably due to the outbreak of the COVID-19. These systems were used in all sorts of laboratory work during the testing of samples for the virus.

India and China, are offering opportunities to various life science companies and drug manufacturers. For example, Pfizer Inc. set up a research and development center at the Indian Institute of Technology Madras, to enhance pharmaceutical research in India.

APAC will grow the fastest, at a rate of over 5.1%, in the years to come, owing to the rising investments in biotechnology. 

China held the largest share in 2022, and it will advance significantly in the coming years. This is mainly credited to the number of research and development activities taking place in the life sciences industry.

Due to the developing life science industries, growing investment to develop effective and innovative therapeutic agents by companies, and rising incidence of chronic diseases, the demand for liquid handling system will grow considerably in the coming years.

Read More

MLOps Market Will Reach USD 17,335 Million by 2030

 The total value of the global MLOps market was USD 1,226 million in 2022, and it will rise at a growth rate of above 39.3% shortly, reaching USD 17,335 million by 2030, according to P&S Intelligence. 

With the increasing trend of absorbing things with progressive technology like artificial intelligence and machine learning and operationalization of ML has been arraying quickly to process mechanization proficiently.

It is a procedure of arranging statistical tools and approaches on the offered facts and figures and, training the supercomputers to get into a self-instructed manner without obvious programming. The more the data is provided, the more the computers are inclined to absorb and can grow by themselves on the basis of analyzing the statistics. 

It produces accurate outcomes and analysis by emerging data-driven models and well-organized algorithms for real-time dispensation of the numbers.

With the aim of gaining competitive lead via improved client insights, and fuelled worker productivity, businesses across all businesses internationally are tempted towards growing their expenditure in AI/ML systems. 

These automation systems can rapidly and precisely analyze data and use complex algorithms to forecast future steps, which ultimately improves the output of the companies. For example, OTT platforms can advise cinemas on the basis of what their operators have previously seen.

Artificial intelligence is based on technologies that need loads and loads of figures. Thus, it becomes convenient for the healthcare sector to utilize cutting-edge technology and track the record of their firm by a correctly prepared data arrangement.

The medical data is quite highly dimensional in character and massive in size and has hundreds of characteristics. The rising intricate events led to the arrival of ML in the healthcare sector which plays a vital role in the healthcare sector via its problem-resolving feature. 

Technology can advance the total price effectiveness of healthcare facilities by utilizing technology in its place of manual processes during any health-associated diagnosis and procedures.

In 2022, North America led the industry, with a 36% market share. This can be credited to the robust research and development abilities in artificial intelligence in the developed countries and several leading AI businesses and research establishments are based in this continent.

The growing expenditure on progressive technologies in order to improve the business processes and the client experience is awaited to offer profitable development opportunities in the region. 

Such nations have had robust R&D abilities in AI over the past few years and spend heavily on AI-related technologies over the past few years. Also, they have executed guidelines to aid the development of the field.

Hence, the key boosters of the MLOps market include the rising acceptance of progressive technologies in the healthcare sector, the growing popularity of ML channels, and the increasing end-use sectors.

Read More

Piezoelectric Devices Market Will Touch USD 48.5 Billion by 2030

 The total revenue generated by the piezoelectric devices market was USD 30.9 billion in 2022, and it will power at a CAGR of 5.80% in the years to come, to reach USD 48.5 billion by 2030.

 Sensors will grow significantly by the end of this decade, as per the report by P&S Intelligence. The demand for Piezoelectric sensors is increasing due to the acceptance in a number of industries, like autonomous vehicles, electronics and manufacturing for detecting the slightest changes of energy, which are converted to electrical signals.

Furthermore, piezoelectric sensors are put to use for measuring the force of touch, vibrations and shocks in aviation, healthcare, and electronics. These offer high-frequency responses, for sensing sudden parameter differences, detecting events in microseconds, and provide a linear output. These sensors are able to transform acceleration, pressure, physical, and other inputs into an electrical signal.

Energy harvesting is a procedure through which the energy collected from solar power, wind and heat, is directly transformed to electricity and transported to a different equipment.

 Furthermore, for later use, the energy can be accrued in batteries or ultracapacitors. For example, piezoelectric generators allow the alteration of the energy contained in vibrations into electrical power, that can be used. 

The key benefit of piezoelectric energy harvesters is MEMS incorporation and miniaturization, which the reason they are deployed for powering IoT uses and low-power wireless sensor systems.

Moreover, the technology offers affordable power solutions, supporting boost the energy proficiency by providing a simple design with a number of moving parts at a low cost. Energy harvesters are extensively installed on roads for generating power when automobiles pass over them.

Generators will grow at the fastest rate of 6.4%, in the years to come. The requirement for these generators is growing due to their capability for converting mechanical power into electricity and their use in energy harvesting devices. 

The development would also be as a result of a number of tech improvements, for example nano-scaling and vibration energy harvesting.

Aerospace & defense will grow considerably in the future, because of the extensive use of these devices in the aviation, defense, and aerospace sector, where piezoelectric actuators reduce vibrations, thus plummeting noise and energy expenditure and improving the fuel efficacy of aircraft. 

In the past, the lowering levels of noise in helicopters has expanded substantial focus. The aerospace sector will also increase the use of electromechanical piezoelectric-based systems for building a compactable system with a fast reaction and a high-power density.

Europe piezoelectric devices market will grow significantly, credited to the presence of numerous medical device, industrial and automotive manufacturing companies. 

 It is because of the growing trend of energy harvesting that the demand for piezoelectric devices will grow considerably in the future.

Read More

North America is Dominating Behavioral Health Software Industry

In 2022, the global behavioral health software market was worth around USD 2,831 million, and it is projected to advance at a 16.10% CAGR from 2022 to 2030, hitting USD 9,346 million by 2030, according to P&S Intelligence.

To learn more about this report: https://bit.ly/3Vc98mf

This growth can be ascribed to the rising requirement for mental health software, the obtainability of government backing, and initiatives to boost the acceptance of EHRs in psychiatric hospitals. The nonstop requirement for solutions to advance mental health is the vital element fuelling the industry's expansion.

The services offered under the behavioral health umbrella comprise those for alcohol and drug misuse, mental health, anxiety, schizophrenia, post-traumatic stress disorder, and eating disorders. Over the years, mental syndromes have witnessed a stable growth in occurrence, thus leading to a hike in the demand for effective counseling and treatment.

The main factors for individuals to suffer from behavioral problems comprise chronic illnesses, traumatic lives because of problems in work and relations, and monetary issues. Approximately 20% of the world’s kids and teenagers have a psychiatric issue, with suicide the second-leading reason for demise among 15–29-year-olds. In battlefields and post-war situations, one in five individuals suffers from mental sickness.

In 2022, the software category held the larger market share, approximately 55%, and is also projected to be in the leading spot till 2030. This can be credited to the growing acceptance of technologically progressive solutions to manage the clinical, administrative, and financial features of psychiatric practices.

In 2022, North America held the largest revenue share in the behavioral health software market, at approximately 42%, and is also projected to maintain its dominance in the future as well. The U.S.’s huge share of the industry in the continent is credited to the increase in the count of individuals needing such services for liberty from mental disorders.

Hence, the nonstop requirement for solutions to advance mental health is the vital element fuelling the industry's expansion.

Read More

Industrial Control and Factory Automation Market was Dominated by APAC

 The total revenue generated by the industrial control & factory automation market was USD 148.3 billion in 2022, and it will power at a rate of 8.60% by the end of this decade, for reaching USD 286.8 billion by 2030.

IoT is a method where many devices, for example wearables, home appliances, and even manufacturing machines, are associated to the internet, data sharing with each other and a control center. These interrelated smart devices allow automation across numerous industries. 

Presently, organizations are advancing in IoT and manufacturing automation for their business development powered by tech progressions. 

As per Oxford Economics, 34% of the producers said investments in AI were their precedence, while 27% said they arrange predictive analytics and 19% were resolutely absorbed on initiatives including ML.

Amongst all components, the industrial robots category will grow at the highest rate, of about 10%, in the years to come. The usage of robotics has seen a stable increase across industries for example electronics, automotive, pharma, and food & beverage recently. 

For example, to stay in the competition and be future-ready for production requirements, manufacturing facilities in India are extensively employing robotic automation. For achieving the vision of Make in India, it is important to surge the usage of this technology to complement human operations.

 This will surely allow a mix of accuracy, skill, speed and consistency. Furthermore, robots are extensively employed by the automotive sector in 2021, the robots density in the automotive sector of the U.S. automotive industry made a novel record of 1000 installed units per 10,000 employees.

Sensor components had a considerable revenue share, of more than 24%, in 2022, as stated by a market research institution, P&S Intelligence. Sensors have an important role to play in smart manufacturing by collecting data and delivering basic data support. 

Furthermore, the exponential increase in the acceptance of IoT and other Industry 4.0 is powering the usage of sensors. Smart sensors, collecting statistics from the surroundings and numerous pieces of infra, are being upgraded fast, therefore powering the intelligent alteration of industrial internet terminals. 

The increasing requirement for enhanced solutions for managing industrial plants in China and India is accountable for the region’s domination in the industrial control & factory automation market.

 It had a share of more than 39% in 2022, and it will continue dominating by the end of this decade. The robust growth is also credited to the existence of main market players and developing companies in the APAC.

 Because of the rise in predictive analysis AI and 5G, the demand for industrial control & factory automation solutions will continue to grow in the years to come.

Read More

Automated Storage and Retrieval System Market Will Reach USD 15,012 Million by 2030

The total value of the global automated storage and retrieval system market was USD 8,499 million in 2022, and it will rise at a growth rate of above 7.4% shortly, reaching USD 15,012 million by 2030, according to P&S Intelligence. 

With the constant progression and acceptance of unconventional technologies, like machine learning, artificial intelligence, and the internet of Things, the warehousing sector has experienced a great revolution in the past few years.

Warehousing mechanization improves the obtainable storage space, decreases processing time, reduces human mistakes and working expenditures, and advances employee security, therefore putting a massive positive impact, especially in the long run. 

The blend of all these technologies creates the execution of mechanization easier and more valuable. The key trends that aid digital automation comprise the presence of robotics and IoT in warehousing, inventory transportation, and fleet management.

Since its advent, e-commerce has played a vital role in redefining companies' processes throughout the globe, by positively affecting sales and effectiveness. Over the years, the utilization of online sales platforms has grown extensively, and according to a research study, the e-commerce sector value was above USD 4 trillion in 2021. 

China leads the e-commerce industry throughout the world, holding approximately 37% of the world’s digital buyers in 2022.

E-commerce businesses are doing hard work for gaining a greater chunk of customers, by leveraging the trending online shopping conducts. Furthermore, the increasing trade of perishables across e-commerce channels is mounting the demand for cold warehouses to provide high-quality items to clientele. 

Thus, companies are stressing lessening the time taken for order fulfilment mainly for groceries. For this, chilled storage has advanced as a vital part of supply chain management, when it comes to storing temperature-sensitive items.

Credited to the movement of a huge count of products in warehouses, executives are needed in order to keep track of all the items and to dodge inventory shortages because of theft, damage, or spoilage.

Tracking solutions remove possible human blunders and also ensure transparency in the supply chain. Mechanical solutions reply to reduced inventory levels to avert stock lacks, while limiting inventory prices.

In the coming few years, the APAC automated storage and retrieval system market is estimated to experience the highest CAGR, of above 8%. This can be credited to the huge manufacturing and customer bases of ASRSs in South Korea, China, Japan, and India. The main industries in such nations include retail & e-commerce, chemicals, FMCG, food & beverage, automotive, semiconductors, metals & mining, and electrical appliances.

Hence, the industry for ASRS is rising due to the increasing utilization of robots by e-commerce organizations, the growing cold-storage network, and the growing stress on inventory management.

Read More