Industry Research Report

Thursday, 21 January 2021

Car t cell therapy Market Business Status, Industry Trends and Outlook

The report “CAR-T Cell Therapy Market Share, Size, Trends, Industry Analysis Report By Target Antigen (CD19/CD22, BCMA, Others); By Indication (Diffuse Large B-Cell Lymphoma (DLBCL), Acute Lymphoblastic Leukemia (ALL), Chronic Lymphocytic Leukemia (CLL), Multiple Myeloma (MM), Follicular Lymphoma (FL), Others); By Regions: Segment Forecast, 2020 – 2026” provides deep dive insights on the current market dynamics and gives a detailed analysis on future growth trends of this market. The global CAR-T Cell Therapy market size is expected to reach USD 8.92 billion by 2026 growing at a CAGR of 34.5% from 2020 to 2026 according to a new study published by Polaris Market Research

This market report focuses on CAR-T which is one of the most innovative therapy available in the market which uses the patients’ immune cells to fight cancer. The WBCs (white blood cells) are extracted – reengineered – injected again into the patient body to fight the malignant cells. This novel therapy has joined the bandwagon of the cancer cure treatments and it is expected to be one the sought-after therapies in the market. Majority of the companies have already started investing in them to gain a better market share in this industry.

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Some major key players in global CAR-T Cell Therapy Market includes Bluebird Bio (US), Celgene Corporation (US), Gilead Sciences, Inc. (US), Cellectis (France), Servier Laboratories (France), Pfizer Inc. (US), Mereck KGaA (Germany), Amgen Inc. (US), Intellia Therapeutics (US), Novartis International AG (Swiss), Caribou Biosciences, Inc. (US), Celyad (Belgium), Bellicum Pharmaceuticals, Inc. (US), Noile-Immune Biotech (Japan), Nanjing Legend Biotechnology Co., Ltd. (China), Johnson & Johnson (US), Sangamo Therapeutics, Inc. (US) among others.

According to the analysis by Polaris Market Research, the potential of the market is ~ $9 billion by 2026, with major focus on Diffuse Large B-Cell Lymphoma (DLBCL) indication in 2020-21. However, it is expected that the market would also start focusing on Multiple Myeloma (MM) indication and the market for the same is expected to grow at a compounded annual growth rate of more than 80% from 2020 to 2026.

It is estimated that U.S. is one of the major markets for CAR-T Cell Therapy due to continuous R&D happening in this region also backed by ongoing regulatory approvals of the new therapies. Along with the new therapy developments, companies are also focusing on establishing centers for cancer awareness and how this novel therapy would help in cancer treatment. This would help the market to grow in this region. The European region is also expected to closely follow by U.S. wherein European Medicine Agencies (EMA) have approved Kymriah and Yescarta which is expected to push the market for further growth in this region. However, the market for Asia Pacific is at its early stages wherein Ministry of Health, Labor and Welfare (MHLW) of Japan is the first regulatory authority to approve Kymriah in APAC.

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It can be seen that the business scenario of the market is dynamic and major companies are competing with each other to increase their market share in the major geographies of U.S. and Europe. For example, Novartis and Gilead came-up with 33 and 28 authorized centers respectively in U.S. Some of the major companies in this space such as Celgene are expected to file for FDA approvals for two more CAR-Ts lisocabtagene maraleucel in lymphoma and bb2121 (idecabtagene vicleucel) in myeloma.

Along with opening new centers and acquiring necessary government approvals, the companies are also focusing on partnerships, acquisitions and mergers. For instance, Celgene acquired Juno Therapeutics in November 2018 for approximately $9 billion in 2018 and further Bristol-Myers Squibb completed its acquisition of Celgene in November 2019.

Automotive Lightweight Material Market Business Status, Industry Trends and Outlook

The global automotive lightweight material market size is expected to reach USD 109.5 billion by 2027 according to a new study by Polaris Market Research. The report “Automotive Lightweight Material Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Passenger Cars, LCV, HCV); By Material Type (Metal, Polymers, Composites, Elastomers); By Application (Engine & Mechanical, Exterior & Structural, Interior, HVAC & Electrical), By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Automotive lightweight materials have low corrosion rate, high design flexibility, and high weight to strength ratio. These are the mixture of alloys and composites and common alloys used are non-ferrous metals with low density. Metal alloys are easy to forge and find utility in several applications. Growing trend for vehicle customization is expected to drive the demand for lightweight materials in automotive aftermarket.

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With improvements in materials and technology used for automotive manufacturing, the average age of vehicles has increased substantially. For instance, in Thailand, the average age of vehicles is between 5 and 7 years in 2019. As per the survey, consumers are holding previously owned cars as back up vehicles rather than scraping them. With the increasing vehicle age, there is growing need for replacement of parts and MRO.

The increasing need to improve the performance of the vehicles and optimized the fuel consumption by reducing the vehicle weight is expected to drive the demand for lightweight materials in automotive industry. Furthermore, the growing demand for composites in premium cars to improve vehicle performance and aesthetics is likely to complement demand over the forecast period.

Market participants include BASF, Covestro, Toray, Borealis, WHB Brasil, LyondellBasell, ThyssenKrupp AG, Owens Corning, Alcoa Corporation, ArcelorMittal, Stratasys Ltd., LANXESS, Aleris Corporation, POSCO, SGL Carbon, AK Steel Corporation, and Novelis, among others.

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Automotive producers are shifting their production houses or manufacturing plants in low-income countries to capitalize on growing local needs and to benefit from low capital and labor costs. Major automotive manufacturers are mostly based in Brazil, India, South Korea, China, and Mexico, and are projected to benefit from OEM and aftermarket.

Fire Safety Equipment Market Information, Figures and Analytical Insights 2020– 2026

The global fire safety equipment market size is projected to reach USD 114.1 billion by 2026 growing at a CAGR of 9.1% from 2019 to 2026, according to a new research report published by Polaris Market Research. The report “Fire Safety Equipment Market Share, Size, Trends, Industry Analysis Report By Product Type (Fire Detection, Fire Suppression, Fire Analysis, Fire Response, Others); By Technology (Active Fire Safety, Passive Fire Safety); By End-User (Commercial, Residential, Industrial, Others) By Region, Segments & Forecast, 2019 – 2026” provides a wide-ranging assessment of the market with insights on the current and future market trends.

Increase in casualties of life and property due to fire related incidents has led to importance of fire safety systems in multiple industries. Strict government enforcements and regulations related to workplace safety, and rise of automation due to smart homes/building projects are factors further contributing to the growth in adoption of fire safety equipment. Also, safety concerns have compelled strict adherence to building safety codes. Moreover, ever increasing demand from industries including oil and gas, mining has further enhanced the market growth. Emergence of new technologies such as scada solutions and wireless sensor networks provide significant growth opportunities in this market. However, high initial investments required for installation of fire safety equipment might limit the market growth in some cases.

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Some of the key players profiled in the fire safety equipment market report include Honeywell, Hochiki Corporation, Minimax Viking, Gentex Corporation, United Technologies Corporation, Siemens Building Technologies, Johnson Controls, Halma, Securiton AG, Tyco International.

The oil and gas, and mining sector involves high risk and is exposed to fire accidents due to presence of highly inflammable and combustible material including oil, gasoline, etc. To tackle and avoid such accidents, proper fire detection and prevention equipment are mandatorily required. Vendors are increasingly investing in developing new fire suppression systems to protect critical environment and investments across the sites. It is observed that risk management strategies are increasingly becoming an integral part across in oil and gas facilities; as a part of these strategies high quality fire safety installations are gaining traction in the market.

During 2018, North America region account for the highest share amongst all regions in the fire safety equipment market. This growth in this region attributed to introduction of stringent government regulations related to workplace safety and adoption of fire protection technology. Also, growing demand from manufacturing and mining industries has contributed to the rise in adoption of fire protection systems across North America. While, the increasing adherence to building safety codes along with the rise in automated systems in buildings further supports the market growth. Asia Pacific regional market is expected to grow at the highest CAGR during the forecast period majorly due to high growth in industrial and manufacturing sectors. Moreover, continual growth in demand from healthcare, mining, and commercial sectors provides further opportunities for market growth in this region.

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Fire Safety Equipment Market Business Status, Industry Trends and Outlook

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Automated Test Equipment Market Poised for Steady Growth in the Future 2020-2026

The global automated test equipment market is anticipated to reach around $5,058 million by 2026 according to a new research published by Polaris Market Research. In 2017, Asia-Pacific accounted for the majority share in the global Automated Test Equipment market.

The expanding range of consumer electronic devices coupled with growing complexity in design of consumer electronic devices majorly drives the automated test equipment market growth. The adoption of automated test equipment has increased significantly owing to growing need for effective testing in semiconductor and electronics industry, and shift towards energy efficient ICs. Other factors driving the market growth include technological advancements, modernization of vehicles, development of autonomous vehicles, and rising demand for wireless networks. New emerging markets, emerging consumer demographics, and commercialization of Internet of Things would provide growth opportunities for Automated Test Equipment market in the coming years.

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In 2017, Asia-Pacific accounted for the highest share in the global automated test equipment market. The established semiconductor and consumer electronics industries, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The increasing modernization of vehicles, and growth in the global automotive industry further accelerate the adoption of automated test equipment. The increasing economic growth in countries such as China and India also increases the adoption of automated test equipment in the region. Expansion of global players into these countries to tap market potential boosts the automated test equipment market growth. The high penetration of electric vehicles in the region coupled with increasing development of autonomous vehicles promotes the adoption of automated test equipment. The rising demand for wireless networks and growth in penetration of connected devices supports the market growth in the region.

The major players in the automated test equipment market include Teradyne, Inc., Roos Instruments, Inc., National Instruments Corporation, Star Technologies, Inc., Aeroflex, Inc., LTX-Credence Corporation, Danaher Corporation, Aemulus Holdings, Chroma ATE, Inc., and Marvin Test Solutions, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Wireless Mesh Network Market – Overview on Key Innovations 2026

The wireless mesh network market is anticipated to reach around $119.2 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the smart cities and warehouses segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global wireless mesh network market revenue during the forecast period.

The growing need for efficient and stable network performance, along with the ability of wireless mesh network to flexibly expand and increase performance has boosted growth of the wireless mesh network market. Furthermore, the rising penetration of mobile devices, and rising adoption of mobile-connected devices further support the growth of this market. Additionally, the increasing demand of wireless mesh network from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements, growing demand for wireless broadband services, and declining costs of connected devices would accelerate the growth wireless mesh network market during the forecast period. However, data privacy and security concerns are expected to hinder market growth. Growing demand from emerging economies, increasing adoption of IoT and smart grid applications are expected to provide numerous growth opportunities in the coming years.

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Wireless mesh networks are increasingly being used for environmental monitoring and precision agriculture. The farming industry is using automation and technology to increase profitability and reduce operating costs and the use of sensors in fields, tractors and vineyards for monitoring and management of farm operations has resulted in increased crop production and less resource wastage has also supported the wireless mesh network market growth in the recent past. Low frequency wireless mesh networks using sensor networks are deployed for environmental conditional monitoring, whereas high frequency wireless mesh networks are being used for tractor automation and precision agriculture and has increased the demand for wireless mesh network.

North America generated the highest revenue in the market in 2017, and is expected to lead the global wireless mesh network market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of IoT drive the wireless mesh network market growth in the North America. The growing demand of mobile devices, and technological advancements further support market growth in the region. The use of smart technologies in energy and utilities, industrial automation, and intelligent buildings is expected to support market growth in this region during the forecast period.

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The major players operating in wireless mesh network market include Ruckus Wireless, Cisco Systems, Aruba Networks, Tropos Networks, Strix Wireless Systems Pvt Ltd, Firetide, Inc., Cambium Networks, Qualcomm, Rajant Corporation, Synapse Wireless. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Wednesday, 20 January 2021

Legal Marijuana Market 2026 Industry Insights, Top Trends, Drivers, Growth & Forecast

The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027 according to a new study by Polaris Market Research. Increasing penetration of Legal Marijuana in applications other than recreational such as pharmaceuticals, and increasing medical prospects are some of the factors propelling the market growth. Legal Marijuana is being used for treating a wide variety of diseases including cancer, arthritis, neurological conditions, Parkinson’s diseases, among others and this factor is expected to propel market growth.

Pain management therapies segment is witnessing rapid growth across the globe. This therapy is increasingly being used to treat elders suffering from chronic pain. Legal Marijuana are finding wide applications in pain management therapies due to their overall efficacy, easy availability and relatively low prices as compared to other counterparts and this trend is expected to benefit the overall Legalized Cannabis market growth over the forecast period.

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Several studies have pointed out that the usage of Legal Marijuana to treat mental disorders yield desired and positive results. Changes in lifestyle and fast paced lifestyles, advent of nuclear families, social media, among others are some of the factors that have resulted in rising number of mental disorders such as depression, anxiety disorders, Alzheimer’s diseases, etc. This trend is expected to benefit the demand for Legal Marijuana for mental disorder treatment and thus boosting the market growth.

North America emerged as the largest market for Legal Marijuana in the year 2019, and the segment is expected to continue to lead the market in terms of penetration and is also expected to witness a robust growth rate during the forecast period. A major contributor to this scenario is the strong demand from the U.S. There is widespread usage of Legal Marijuana in the country and this has resulted in the U.S. being one of the foremost consumers of Legal Marijuana across the globe.

Many states in the U.S. have issued clear directives as well as regulations pertaining to the usage of Legal Marijuana. This has resulted in widespread generalization pertaining to its usage. Other states which have not yet drafted such regulations, are under constant pressure from advocate groups, associations, among others for doing the same. All in all, the advent of Legal Marijuana is set to have a long-term impact on the food & beverage industry in the country.

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Some of the major market participants include Cannabis Sativa, Inc., United Cannabis Corporation., Tikun Olam, Ltd., Tilray., Lexaria Corp., GW Pharmaceuticals, plc., Canopy Growth Corporation., Aurora Cannabis, Aphria, Inc, and Maricann Group, Inc. among others. Broadening of product portfolio, strong analysis of consumer buying behavior, and efforts taken to increase awareness regarding Legal Marijuana usage are some of the key industry scenarios. Companies often have to navigate through different regulations in different parts of the world and have ensure strict compliance to it prior launching their products. In countries such as the U.S., different regulations exist for different states.

Hand Sanitizer Market Poised for Steady Growth in the Future 2020-2027

The report “Hand Sanitizer Market by Product Type (Gel, Liquid, Foam and Spray); By Distribution Channel (E-Commerce, Hospital Pharmacies, Retail Suppliers, Supermarket and Others); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global hand sanitizer market size is expected to reach USD 17.2 billion by 2026 according to a new study by Polaris Market Research.

The market for hand sanitizers has gained a sudden momentum due to the COVID-19 pandemic which is spread across the globe. World Health Organization has already mentioned in its advisory the importance of usage of hand sanitizers during these days and due to this the governments across the globe have made it mandatory the usage, which has pushed the market for these handrubs. There has been a sudden surge in the demand for all types of sanitizer and some countries which are developing are also facing shortage.

Hence many manufacturing industries are striving their best to distribute hand sanitizer in the marketplace. Governments are also encouraging its usage, thereby increasing its demand. The World Health Organization (WHO) has also recommended its usage at home, healthcare institutions as well as in all industries, offices, etc. to face the outbreak COVID-19. These new norms have enormously pushed the market and has gained an unprecedented traction in 2020.

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These sanitizers are majorly of two types which include alcohol or non-alcohol-based sanitizer. There has been a major demand for alcohol-based hand sanitizers. These sanitizers are mainly relevant within the liquid handrub, gel-based handrub, foam-based, and spray-based hand sanitizer for killing diseases. Based on the current scenario, the government and other private institutes are also implementing sprinkler-based sanitization systems, especially in the infected areas.

The players are who helping the health care sectors are Gojo Industries, Inc., Vi-Jon, Inc., Nice Pak, EO Products, Edgewell Personal Care, KAS Direct, LLC, 3M Company, Best Sanitizers, Inc., Byotrol plc, Chattem, Inc., Henkel AG & Co. KGaA, Lion Corporation, Medline Industries, Inc., Procter & Gamble Co., Reckitt Benckiser Group plc, SC Johnson & Son, Inc., Deb Group Ltd., Skinvisible, Inc., The Clorox Company, Unilever plc, Godrej Consumer Products Ltd, Zep, Inc., The Himalaya Drug Company and others across the global market. The most important share hand sanitizer in the global market are launching product, marketing, acquisition to encompass the consumer to increase the selling percentages of strategies to preserve and capture the hand sanitizer market.

This report focuses on the upward push in the amalgamation of distribution of handrub by the means of e-commerce and hospital pharmacies. It also focuses on the trends in the healthcare industry for using the alcohol based liquid hand sanitizer to eliminate the chances of getting infected. The report analyzes on how the availability of hand sanitizer has raise the competition and price attrition of handrub.

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Based on region, the global handrub industry has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America region is expected to dominate the market in terms of quantity on account of the higher number of COVID-19 cases and production of handrub. Moreover, Asia-Pacific is the largest producer of liquid hand sanitizer for the consumers and is expected to grow in the global market in 2020. The volume and value of these products are expected to increase due to the demand for the handrub in the region in the coming years majorly because of the pandemic. Moreover, majority of the population in the Asia Pacific region is now more aware about the benefits of the usage of handrubs and sanitizers due to the current pandemic. This would in turn benefit the market in the APAC region.

On the basis of product type, liquid hand sanitizer has gained the popularity related to minimize the risk of the transmission of infectious disease. Handrubs are assisting the health care sectors primarily in stopping supply of such transmission diseases while maintaining contact with the patients’ or personal with each other while functionalities of the healthcare workers. Liquid hand sanitizer along with other alcohol based sanitizers and chemicals can also be used to disinfected masks, hands or the contaminated area to minimize the transmission cases of infectious diseases such as COVID-19, thus creating an opportunity for this market.

The European marketplace is projected to preserve a steady growth revenue over the forecast period. Hand sanitizer encompassed with the Himalayan Drug Company trying to make contemporary sensing in the health systems and witness to expand the adoption of using hand sanitizer in Europe, which has greatly aided to decrease the infection in the polluted places.

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Encryption Software Market Growth Prospect, Future Trend, Comprehensive Analysis and Forecast

The global encryption software market size is anticipated to reach USD 20.44 billion by 2026 according to a new research published by Polaris Market Research. The report “Encryption Software Market Share, Size, Trends, Industry Analysis Report By Deployment Model (On-Premise, Cloud-Based); By Application (File Encryption, Disk Encryption, Database Encryption, Cloud Encryption, Communication Encryption, Others); By Organization Size (Large Enterprises, Small and Medium Businesses); By End-User (BFSI, Healthcare, Aerospace and Defense, Government and Public Utilities, Retail, Others); By Regions, Segments & Forecast, 2019 – 2026” provides strong market indices and taps on future growth parameters.

In 2018, the BFSI segment dominated the global market in terms of revenue. North America was the leading contributor to global revenue in 2018. An urgency to protect critical data and growing number of data lapses has boosted the adoption of encryption software. The widespread growth of mobile devices and increasing trend of BYOD further support the growth of this market. The rising spread of virtualization, cloud and big data analytics has supported market growth over the years. Growing investments in technological advancements by vendors, coupled with growing demand for cloud-based encryption software would accelerate the growth of encryption software market during forecast period. However high costs related to advanced encryption solutions and an awareness shortage among small and medium enterprises hinder growth. Growing demand from developing economies and technological advancements are expected to provide several growth opportunities in the future.

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North America generated highest revenue for market in 2018 and is expected to lead the global market throughout forecast period. The increase in number of cyber-attacks and growing number of data breaches drive the market growth. A growing trend of BYOD, IoT, big data analytics and virtualization evinces the need of encryption software for data protection and data loss. A rising penetration of mobile devices and technological advancements bolster growth in the region. A greater spending on data protection in BFSI and defense sectors in the region promotes growth in the region.

A rushing request from emerging economies, expanding adoption of the software by BFSI sector and flooding demand for cloud-based encryption solutions are factors boosting growth of product during forecast period.

Enormous walks in strong innovation, data loss among enterprises has made encryption software very crucial for safe data transmissions. Furthermore, as undertakings are pushing forward with distributed computing, the product has become all the more important to prevent data slips by safeguarding touchy information.

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Asia Pacific is expected to display highest CAGR during forecast period owing to urging need for data integrity at all levels in the industries in developing countries of the region.

The companies include Microsoft Corporation, Symantec Corporation, IBM Corporation, EMC Corporation, CISCO Systems Inc., Intel Security, Check Point Software Technologies Ltd., Oracle Corporation, Trend Micro, Inc., and Sophos Group Plc. among others.

Bearings Market Business Status, Industry Trends and Outlook 2020 to 2026

The worldwide Bearings market is anticipated to reach around $193 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the ball bearings segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market in 2017.

There has been an increasing adoption of bearings across the world owing to the growing manufacturing industry. Also, the growing applications of bearings in heavy machinery, and increasing automation of manufacturing processes boost the adoption of the bearings market during the forecast period. Factors such as growth in the global manufacturing industry, increasing applications in diverse industries, and increasing use in automobile production stimulate the growth of the global bearings market. Other factors driving the growth of this market include growth in the global automotive industry, rising demand from the renewable energy sector, and increasing demand for light-weight bearings for various applications. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

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Asia-Pacific generated the highest revenue in the market in 2017. The increasing automation, use of heavy machinery in the manufacturing sector, and the established automotive industry drive the growth of bearing market in this region. The rising demand of motor vehicles from countries such as China, Japan, India, and South Korea, along with increasing requirement of light-weight bearing in automobiles boosts the adoption of bearings in the region. Increasing investments and technological advancements are expected to boost the adoption of bearings in the region during the forecast period. Increasing need to improve efficiency and productivity along with increased industrialization and automation further supplements the bearings market growth. The increasing applications of bearings in the renewable energy sector of Asia-Pacific are expected to accelerate the market growth during the forecast period.

The companies operating in bearings market include Schaeffler Group, Harbin Bearing Manufacturing Co., Ltd., NSK Global, The Timken Company, Rexnord Corporation, JTEKT Corporation, Brammer PLC, Federal Moghul Holding Corporation, NTN Corporation, and NKE AUSTRIA GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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