Life Science Research Tools
Overview of the global genome engineering market
Market research analysts at Technavio predict that the global genome engineering market will grow steadily and post a CAGR of around 12% by 2020. The extensive use of various technologies like CRISPR/Cas9, TALEN, and ZNF in gene therapy for different genetic disorders and terminal illnesses will be one of the primary drivers for the growth of this market. Gene therapy uses gene modification and RNA guide to repair DNA and modify cells to help cure diseases. These advancements in genome engineering can be used to cure diseases such as immunodeficiency, cancer, viral infection, and genetic diseases. Furthermore, several biotechnology companies will invest in research for new and improved innovations that will change the landscape of rare and terminal diseases, and will also result in better disease management. For instance, the use of ZFN technology to treat HIV patients, which produces HIV-resistant T-cell population, will help cure these patients in the coming years. Such emerging innovations in genomic engineering will result in the growth of this market during the forecast period.
The increasing development of synthetic biology is one of the recent trends in the market. Synthetic biology includes the construction and designing of a new biological system that helps in the recovery of various ailments. The use of synthetic biology will have potential applications in varied fields, especially in the biomedical industry. This form of genetic engineering includes minor modifications
Outlook of the non-invasive prenatal testing (NIPT) market
Non-invasive prenatal testing (NIPT) is an advanced technology that helps determine fetal chromosomal anomalies by analyzing the fetus’ cell-free DNA. These procedures include both non-invasive techniques, such as serum screening and ultrasonography and invasive methods like amniocentesis and chorionic villus sampling. As the invasive procedures have a higher risk quotient, including the risk of fetal loss, most healthcare professionals prefer non-invasive techniques. NIPTs or non-invasive prenatal screening are new genetic tests that use cell-free circulating fetal DNA in the maternal serum to screen for more common fetal aneuploidies, such as trisomy 21, trisomy 18 (Edward syndrome), trisomy 13 (Patau syndrome), and monosomy X (Turner syndrome). With increased patient access to healthcare information as well as advertising, the NIPT market is anticipated to have a positive outlook in the coming years. Gynecologists should be able to provide accurate information regarding NIPTs, their appropriateness and limitations, and specialist referral and follow-up. The global non-invasive prenatal testing market is anticipated to witness tremendous growth and will post an impressive CAGR of close to 18% over the forecast period.
According to the market research analysts, the vendors are increasingly entering into partnerships and collaborations to extend their product offerings, increase their market shares, and expand their operations. These partnerships and collaborations help vendors enhance their R&D capabilities for manufacturing innovative devices that meet consumer needs. For instance, in 2015, Human Longevity entered into a
Overview of the global tissue banking market
Technavio’s market research analyst predicts the global tissue banking market to grow at a CAGR of around 5% by 2020. The market is witnessing several trends such as shift in public perception toward cord tissue and blood storage, improving techniques for the use of cord tissues in cellular therapy, and potential cure for cancers, blood disorders, and immune and genetic diseases. Tissue banks are used for storing umbilical cord tissues and blood, as these contain different types of stem cells, each with the potential to treat various injuries and diseases. Another development gaining grounds in the market is the use of automated tissue banking which plays a vital role in blood fractionation, DNA extraction, labelling, and capping techniques. With the increase in the harmonization of biobanks and research collaboration, the tissue banking market is anticipated to grow positively during the forecast period.
EMEA was the major revenue contributor to the tissue banking market and accounted for around 44% of the total market share during 2015. Much of the region’s growth is due to the presence of many established biobanks that offer tissue samples for research and therapeutic purposes. Several networking programs of tissue banks have resulted in the establishment of new tissue banks providing large sample storage capacity. With the newly established biobanks collaborating with each other to increase the existing tissue banking potentials, the market in this region is anticipated to witness growth in the coming years.
Competitive landscape and key vendors
This market is highly fragmented, with the presence of both large and small vendors. The global vendors dominate the market, however, most of the product offerings of these
Overview of the global lyophilization equipment and services market
Market research analysts at Technavio have predicted that the global lyophilization equipment and services market will grow steadily at a CAGR of more than 8% by 2020. Pharmaceutical companies use lyophilization to improve the stability and long-term storage of labile drugs, vaccines, and injectable medicine and also for easy handling during shipping. Most of these products are unstable in aqueous solution and are lyophilized to increase their shelf life. For instance, acyclovir sodium is lyophilized to minimize the interaction of the alkaline formulation with glass materials. With injectable medicines such as vaccines becoming mandatory for children, there is an increasing demand for vaccines all across the world. Also, pharmaceutical companies have started investing in the development of new vaccines for various diseases and require the use of freeze drying machines for stabilizing vaccines.
In terms of geography, EMEA will account for a significant market share of almost 51% by 2020 and will also dominate the market throughout the forecast period. The constantly increasing number of biobanks and tissue banks in Western Europe will aid in the growth of the market. Also, regulations that mandate the adoption of advanced freeze drying equipment among the pharmaceutical and biotechnology industries will also play a major role in augmenting the market’s growth in this region in the coming years.
Competitive landscape and key vendors
Characterized by the presence of many global and local
Overview of the cardiopulmonary stress testing systems market
According to the market research analysts at Technavio, the cardiopulmonary stress testing systems market will witness steady growth and will post a CAGR of more than 8% over the forecast period. With increasing focus on preventive diagnosis, the market for cardiopulmonary stress testing systems is expected to have a positive outlook in the coming years. In 2014, the American Heart Association estimated that cardiovascular disease-related deaths accounted for nearly 35% of the overall deaths worldwide. Awareness of these diseases and educating the public and users can help in early diagnosis, reducing the chances of developing heart diseases. For instance, the Heart Truth is a national educational program for females in the US that raises awareness about cardiac diseases and their risk factors. This program helps educate and motivate women to take necessary preventive action against the disease. Moreover, various research studies have estimated that early detection of cardiovascular diseases can help decrease the number of deaths. For example, a research study estimated that during 2001-2011, the mortality rate due to cardiopulmonary diseases declined about 39% due to early detection. Such positive results are anticipated to encourage people to undergo cardiopulmonary exercise testing to prevent future complications.
One of the significant trends bolstering this market’s growth prospects, is the increasing number of private cardiac specialty hospitals around the world. Governments of various countries are facilitating both private and community hospitals to increase the number of cardiac surgeries. Coronary artery bypass graft (CABG) surgery is one of the most frequently
Overview of the DNA sequencing products market
Technavio’s market research analyst predicts the global DNA sequencing products market to grow stupendously at an impressive CAGR of close to 19% over the forecast period. The declining costs of DNA sequencing is likely to contribute to the growth of this market in the coming years. The Human Genome Project was the first joint initiative of various organizations to map the human genome involved over 200,000 scientists and researchers. The research scientists used the Sanger method for DNA sequencing, and it took nearly 13 years for its completion and cost USD 3 billion. Since the project’s completion, DNA sequencing technologies have undergone major transformations over the years. Scientists are using new-age technologies, such as Illumina sequencing and 454 sequencing methods for genome mapping, which costs less and takes a shorter duration for completion. Moreover, a significant reduction in sequencing costs has led many countries to invest in research and development and offer cost-effective solutions whole genome sequencing, de novo sequencing, and accurate disease diagnosis.
In this market study report, the analysts have estimated factors such as rapid advancements in personalized medicine to propel the growth prospects of this market over the predicted period. Many medical facilities in developed and developing countries are increasingly offering DNA sequencing-based medical treatment. These facilities use sophisticated technologies and tools such as rapid DNA sequencer for large-scale and quantitative assessments of genomic sequences. Moreover, DNA sequencing devices have also helped in making important research discoveries in biomedical sciences. Also, genomic testing technologies assist in identifying oncogenic variants in tumor tissues and check the responsiveness of specific drugs. This allows physicians to develop a personalized treatment program
Life science research tools are used in a wide range of fields, such as molecular biology, genetics, biotechnology, cell biology, biochemistry, and biomedicine. Some major life science products include instruments, reagents, consumables, and services that are offered to academic, medical, scientific and research professionals worldwide.
The major segments in the life science research tools industry are genomics, proteomics, next-generation sequencing, cellular and molecular biology, biomarker discovery and validation, microarrays, general laboratory equipment and supplies, and automation.
Rising demand from research facilities and pharmaceutical companies is a major factor driving the growth of the life science research tools market. The need for novel approaches to improve the quality of treatment encourages these organizations to focus on life science products when developing new products and treatment strategies.