Ultra-lowTemperatureFreezersMarket to surpass $210Mn by 2024 Ultra-lowTemperatureFreezersMarket size is set to exceed USD 210 million by 2024; according to a new research report by Global Market Insights. Increasing investment made by public as well as private players to accelerate drug discovery and development activities along with rising prevalence of infectious diseases and cancer stimulating demand for advanced treatment will drive ultra-low temperature (ULT) freezers market over the forecast timeframe. Presence of organizations such as Bill and Melinda Gates Foundation, funding for developing effective treatment solutions for widespread diseases such as Malaria and tuberculosis will positively impact market growth as ULT freezers are used for storage of biological samples and high value pharmaceuticals, and medicines. Increasing number of people willing to donate organs and blood coupled with rising awareness about organ donation will propel industry growth. Technological advancements in ULT freezers including development of portable freezers, reduced energy consumption, natural refrigerant and provision of temperature uniformity will drive business growth. Growing demand for personalized medicines and rising investment towards development of orphan drugs will positively impact growth. Numerous initiatives undertaken by private players as well as government organization including U.S. Department of Energy (DOE) to increase adoption of ULT freezers in biobanks, hospitals, pharmacies and laboratories will fuel market growth. Stringent regulations imposed by U.S. FDA and European Commission on medical devices coupled with high cost associated with ultra-low temperature freezers will hinder growth of ultra-low temperature freezers market over the forecast timeframe. Upright freezers dominated the market in 2016 due to its enhanced reliability and technological advancement. Presence of features such as microprocessor control panel enabling efficient operation management, along with air filters allowing easy accessibility will stimulate business growth. 1 | P a g e
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The report focuses on seventeen industry players providing information such as company profiles, product picture and specification, capacity production, price, cost, production value and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The ultra-low temperature freezer industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
Biosimilars or follow-on-biologics are the “copied” version of reference biologics, which are protected by intellectual rights that will expire soon. Patent expiration is the major driving factor of the biosimilars market. Most of the blockbuster patents will expire by the end of 2014, which would provide a competitive edge to local pharmaceutical manufacturers over the global players. For instance, patents for insulin glargine will expire by the end of this year, which would give an opportunity for the growth of insulin biosimilars market. Global biosimilars/follow-on-biologics market accounted for $1,358 million in 2013 and it is anticipated to generate $35,032 million by 2020, growing at a CAGR of 60.8% from 2014 to 2020.
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The expansion of the global sewing machine industry is forecast to reach 3.7% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 7.5%. Currently, automatic sewing machines account for 36.4% of the global demand while the remaining market share is divided between other sewing machines (35.0%), sewing machine needles (4.0%) and other sewing machine parts (24.6%).
Bangladesh, China, India, the United States and Vietnam represent the largest sewing machine markets while the strongest annual growth is forecast to occur in the United States (12.4%), Bolivia (8.3%), Philippines (7.6%), Vietnam (7.4%) and Kyrgyzstan (5.4%).
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The global mattress market is expected to increase from $23,397.9 million in 2014 to reach $33,437.0 million in 2020, growing at a CAGR of 6.3%. The global mattresses market is mainly driven by increasing population, which is leading to increasing rate of home ownership. Migration of consumers from rural to urban areas is an important driver of housing demand globally, mainly in emerging Middle East and Asia-Pacific regions, where the youth consumers among the population is laying severe pressure on housing supply. The Asia-Pacific mattress market is expected to witness the fastest CAGR of 10.7% during 2015 – 2020.