Tag: Heat

Sterility Indicators Market Worth $1.24 Billion by 2025

The global sterility indicators market size is expected to reach USD 1.24 billion by 2025, according to the study performed by Grand View Research, Inc. It is anticipated to expand at a CAGR of 10.9% over the forecast period. Strict regulations regarding healthcare products and high emphasis on sterility parameters and measures for the prevention of Hospital Acquired Infections (HAIs) are projected to drive the market growth.

Increasing number of geriatric population prone to chronic conditions is primarily driving the demand for drugs and medical devices globally.Governments in developing economies like India and China are focusing on providing cost-effective, high quality medications. The Union Cabinet of India has provided USD 13.16 billion to the National Health Mission (NHM) from April 2017 to March 2020. Currently, India has the highest U.S. Food and Drug Administration (FDA)-approved manufacturing facilities outside U.S. It also accounts for 22.0% of the overall approved U.S. FDA plants. Thus, demand for sterility testing services and products is anticipated to rise over the forecast period.

Standardized manufacturing protocols, introduction of novel products, and adoption of new technologies has led to harmonization of quality and sterility testing standards in the healthcare industry. This has created a need for not only aseptic manufacturing techniques but also for efficient and reliable sterilization monitoring processes. Furthermore, organizations such as the Agency for Healthcare Research and Quality and Centers for Medicare and Medicaid Services are also raising awareness about the need for stringent regulations for safety and quality testing services of healthcare products. Such steps are anticipated to bode well for expansion of the sterility indicators market over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sterility-indicators-market

Further key findings from the report suggest:

  • Biological indicator segment captured the largest market share in 2017. Extensive usage as compared to chemical indicators owing to their reliability is anticipated to propel the segment growth
  • North America is expected to maintain its dominance with the largest market share over the forecast period owing to the presence of a large number of major companies and a high adoption of advanced technologies
  • Asia Pacific is expected to exhibit a lucrative CAGR during the forecast period. Presence of a large untapped market and availability of supportive government regulations are expected to attract global players
  • Some of the major players in the sterility indicators market include Getinge AB; Cantel Medical Corporation; 3M Company; Cardinal Health Inc.; Matachana Group; Mesa Laboratories; and Anderson Products Inc.

Biogas Market Size Worth $78.3 Billion By 2027

The global biogas market size is anticipated to reach USD 78.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.48% during the forecast period. Increasing global demand for renewable energy coupled with environment friendly emission levels along with the rising demand for electricity generated from biogas plants will drive the market.

The industrial segment is anticipated to witness growth on account of surging demand for waste treatment techniques that will further enhance the industry outlook. Initiatives taken by the government will be a strong driving factor for the market growth. Extensive presentation for strict environmental laws to restrain greenhouse gas emissions will keenly promote the use of biogas across various segments.

Preference for cleaner and greener fuel to generate electricity led various countries to adopt biogas as a fuel and further utilize biogas for mass production. Agricultural waste is subjected to hold the major share across the regions.

Asia Pacific is projected to observe robust growth during the forecast period, on account of rising acceptance of renewable energy sources coupled with rising demand to generate electricity with reduced carbon emission levels. In China, there are significant potential to expand biogas production as biogas produced by the centralized plants in China, transport gas using pipeline to the household areas for cooking purpose.

U.K., France, Germany, China, Japan, and India are some of the prominent countries in Europe and Asia Pacific market for biogas. In North America, U.S. is projected to hold maximum market share owing to the suitable government policies and rapid advancements in application segment. Central and South American countries like Brazil and Argentina are anticipated to witness a substantial growth opportunities to boost the growth of biogas market in the forthcoming years.

Few of the noticeable players operating in market are PlanET Biogas Global GmbH; Scandinavian Biogas; Ameresco, Inc.; Biofrigas Sweden AB; EnviTec Biogas AG; Air Liquide; and Wärtsilä.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/biogas-market

Further key findings from the report suggest:

  • Asia Pacific is projected to expand at a substantial CAGR throughout the forecast period with China accounting for the maximum regional market share
  • In terms of source, agriculture segment was valued at over USD 1.8 billion till 2019
  • Some of the significant market participants include Beijing Sanyi Green Energy Development Co., Ltd., Agrinz Technologies GmbH, Quadrogen, Biofuel USA Corporation, and SP Renewable Energy Sources Pvt. Ltd.