Market Analysis
The global amyotrophic lateral sclerosis market is anticipated to touch USD 841.6 million at a healthy 7.89% CAGR during the forecast period (2018-2023). ALS or Amyotrophic Lateral Sclerosis is a neurological ailment which affects the nerve cells in the spinal cord and the brain that controls the voluntary muscles’ activities. Some of the common symptoms of ALS include cramps, muscle weakness, respiratory problems, and fasciculation. This is a progressive neurological disease where gradually patients become dependent on physicians and caregivers increasingly. Often ALS results in respiratory failure as the patient loses the ability of controlling the muscles both in the diaphragm and the chest. Ultimately, it turns fatal.
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There are many factors that are driving the growth of the amyotrophic lateral sclerosis market. Some of these factors as per the Market Research Future (MRFR) report include rising incidences of ALS, increase in awareness among patients, increase in geriatric population, FDA approvals and initiatives taken by the government on R&D activities. On the other hand, factors such as low treatment availability and high treatment cost may hinder the growth of the amyotrophic lateral sclerosis market.
Amyotrophic Lateral Sclerosis Market Segmentation
The amyotrophic lateral sclerosis market has been segmented based on type, treatment, end-user, and regions.
By type, the amyotrophic lateral sclerosis market has been segmented into sporadic ALS and familial ALS. The Sporadic ALS segment is dominating the market. The prevalence of sporadic ALS is relatively high and almost 90% of the cases are sporadic. The cause of sporadic ALS remains unknown and a combination of genetic and environmental risk factors are presumed to be the underlying cause of the diseases. The occurrence of familial ALS is very low and are inherited from genetic mutations.
By treatment, the amyotrophic lateral sclerosis market has been segmented into medication, physical therapy, respiratory therapy, speech therapy, and others. The medication segment is dominating the market as most patients opt for medicines a s a treatment method. Medications are effective and economical.
By end-user, the amyotrophic lateral sclerosis market has been segmented into hospitals, specialty centers, research & academic institutes, and others. The hospitals segment is domineering the markets. Hospitals are generally the first point of treatment and are highly proffered by patients.
Regional Analysis
Based on region, the amyotrophic lateral sclerosis market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America will lead the market during the forecast period owing to support from the government for R&D, rising pool of awareness, the existence of many leading market players, increasing incidence of hypertension, and advanced medical facilities. Canada and the USA are the largest contributors in this region. Europe will have the second largest share in the amyotrophic lateral sclerosis market during the forecast period. The UK, Germany, and France will be the largest contributors in this region. In the APAC region, the amyotrophic lateral sclerosis market is anticipated to grow rapidly owing to the rapidly expanding healthcare infrastructure, increasing the incidence of ALS, the presence of the growing economies mainly India and China, and increasing setups of R&D centers. South Korea, Japan, and Australia are the other vital country-specific markets here. On the other hand, the amyotrophic lateral sclerosis market in the Middle East and Africa will have the smallest share owing to poor countries, inadequate healthcare facilities, lack of education, medical facilities having low standard, lack of awareness and lack of advanced and innovative medical facilities.
Competitive Dashboard:
Prominent players operating in the amyotrophic lateral sclerosis market include Sun Pharmaceutical (India), Mitsubishi Tanabe Pharma America (U.S.), Biogen (U.S.), Sanofi (France), Mylan N.V. (U.S.), Covis Pharma (Switzerland), Ionis Pharmaceutical (U.S.), ITF Pharma (U.S.), Ascend Pharmaceuticals LLC (U.S.), Apotex Inc. (Canada), and others.
Strategic initiatives employed often involve collaborations, mergers, acquisitions, product launches, and others. These tactical moves ensure the individual progress of each company alongside the market’s expansion. For instance, Sanofi SA and Denali Therapeutics collaborated in November 2018 to develop molecules capable of treating ALS successfully.
Industry Updates
August 2019 - Scientists from the Peking Union Medical College Hospital in China have identified a new type of split-hand index that can assist in distinguishing people with amyotrophic lateral sclerosis at an early stage.
1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope of the Study 17
2.3 List of Assumptions 17
2.4 Market Structure 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 23
3.5 Forecast Model 23
4 Market Dynamics
4.1 Overview 25
4.2 Drivers 26
4.2.1 Growing Incidence of Amyotrophic Lateral Sclerosis (ALS) 26
4.2.2 Rising Geriatric Population 26
4.2.3 Growing Awareness about Amyotrophic Lateral Sclerosis 26
4.3 Restraints 27
4.3.1 High Cost of ALS Treatment 27
4.4 Opportunities 27
4.4.1 Increasing Strategic Collaborations of Major Companies and Research Institutes for the Development of ALS Treatment 27
5 Market Factor Analysis
5.1 Porter’s Five Forces Model 29
5.1.1 Bargaining Power of Suppliers 30
5.1.2 Bargaining Power of Buyers 30
5.1.3 Threat of New Entrants 30
5.1.4 Threat of Substitutes 30
5.1.5 Intense Rivalry 30
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Competitive Analysis:The major players operating in the Glass Additives Market include Namibia Rare Earths Inc. (Canada), Lynas Corporation Ltd (Australia), Torrecid Group (Spain), Potters Industries LLC (U.S.), SCHOTT AG (Germany), DuPont.
(U.S.), GILLINDER GLASS (U.S.), METALL RARE EARTH LIMITED (China), Ardagh Group (Republic of Ireland), HAMMOND GROUP INC (U.S.) among others.Access Complete Report @ https://www.marketresearchfuture.com/reports/glass-additives-market-5140Market Segmentation:The Global Glass Additives Market is segmented on the basis of product, application, and region.
On the basis of product, the market is categorized into metal oxide, nanoparticles, and polymers & rare earth metals.
As these are used for coloring and to enhance specific properties such as electrical and thermal conductivity.
As these are mainly used as coating for gadgets, windows, and doors.
Increasing popularity of scratch resistant window panes for mobile phones, automobiles, laptops, and other electronic devices is predicted to surge the market growth.
Market Overview:Increasing demand for dietary supplements and nutritive food & feed is one of the major factors contributing to the growth of the global glycinates market.
Glycinates are serving as an important additive in most of the food, beverage, supplements, and animal feed products.
Availability of glycinates in various forms has influenced the demand from various industries apart from food & feed industry.Access Report Details @ https://www.marketresearchfuture.com/reports/glycinates-market-5546Market Forecast:The global glycinates market share in the foods & feed industry is intensifying by the growing demand for functional food & feed additives in the developed & developing countries.
Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible for the growth of glycinates market.Furthermore, improved processing methods and demand for nutritive food products in the developing countries are positively supporting the growth of the global glycinates market.
Additionally, restriction on the use of antibiotics in food & feed formulations in the North American & European region is adding fuel to the market growth.
Downstream analysis:The global glycinates market is segmented into type, form, and application.On the basis of the type, it is segmented into zinc, copper, manganese, magnesium, calcium, sodium, and others.
The Global Sportswear Market is projected to display a robust growth represented by a CAGR of 5.80% during 2018-2023.
Athletic Footwear segment contributed maximum revenue in the market and is expected to continue the leadership in the forecast period on the back of rising awareness regarding the rising awareness of health and wellness, the prevalence of Athleisure trend in developing nations coupled with increasing number gyms, jogging tracks, fitness clubs.
Amidst the Sales Channel, online segment is expected to witness the fastest growth rate on the heels of rising internet penetration and number of smartphone users across the globe.
Amongst the regions, Asia Pacific accounts for the largest regional share in the global sportswear market in 2018.
Key factors driving the robust Asia Pacific market include large population base, increasing disposable income coupled with rising health consciousness across the region.
Global Sportswear Market has covered and analyzed the potential of Global Sportswear Market and provides statistics and information on market size, shares and growth factors.
Market Overview:Increasing demand for dietary supplements and nutritive food & feed is one of the major factors contributing to the growth of the global glycinates market.
Glycinates are serving as an important additive in most of the food, beverage, supplements, and animal feed products.
Availability of glycinates in various forms has influenced the demand from various industries apart from food & feed industry.Competitive analysisThe major players in the glycinates marketAjinomoto Co., Inc. (Japan)Clariant AG (Switzerland)Solvay SA (Belgium)BASF SE (Germany)NovoTech Nutraceuticals Inc. (U.S.)Dunstan Nutrition Ltd. (New Zealand)Shijiazhuang Donghua Jinlong Chemical Co Ltd. (China)Schaumann GmbH & Co. KG.
(Germany)Aliphos Belgium SA/NV (Belgium)Albion Laboratories, Inc. (U.S.)Market Forecast:The global market share in the foods & feed industry is intensifying by the growing demand for functional food & feed additives in the developed & developing countries.
Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible for the growth of glycinates market.Furthermore, improved processing methods and demand for nutritive food products in the developing countries are positively supporting the growth of the global market.
Additionally, restriction on the use of antibiotics in food & feed formulations in the North American & European region is adding fuel to the market growth.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Market Analysis The global biologics market, during the forecast period, will register growth at a CAGR of 6.95%.The market for biologics is set to reach USD 285,520.4 million by 2023.
Analysts have also studied the market to understand potential threats and challenges the market companies could face.
Although the market is poised to grow at a fast pace across product, disease indication, and manufacturing segments, factors such as restrictions in access to capacity could slow down the market's growth worldwide.Market Segmentation The Market Research Future report offers a complete segmental analysis of the biologics market based on manufacturing, disease indication, and product.
Regional AnalysisBy region, the biologics market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific, Europe, and the Middle East and Africa.
Various factors are propelling the growth of the biologics market in the region, such as investments in new facilities for producing drugs for clinical trials, strong economic growth of Canada and the US, and rapid adoption of manufacturing technologies.
India is a major contributor in this region for its massive strides in biologics manufacturing.Key Players Notable players profiled in the biologics market report include GlaxoSmithKline Plc (UK), Eli Lilly and Company (US), Bayer AG (Germany), Sanofi (France), F. Hoffman-La Roche AG (Switzerland), Novartis AG (Switzerland), Amgen (US), Pfizer Inc. (US), AstraZeneca (UK), and AbbVie, Inc. (US).
