Research Nester published a report titled “Pharmaceutical & Biotechnology Environmental Monitoring Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global pharmaceutical & biotechnology environmental monitoring market in terms of market segmentation by type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global pharmaceutical & biotechnology environmental monitoring market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of end-user into pharmaceutical industry, biotechnology industry, academic & research institutes, and others, out of which, the biotechnology industry segment is anticipated to hold a substantial share over the forecast period. This can be attributed to the increasing subsidy and government investment for research activities in the biotech industry, especially in developed countries.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
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The global pharmaceutical & biotechnology environmental monitoring market is estimated to grow on the back of increasing research activities in the healthcare sector. Environmental monitoring is required to monitor and control various outside factors, during a research, including temperature, abiotic and biotic additives, and others. Pharmaceutical & biotechnology environmental monitoring is being extensively used for biotechnological research processes, which is estimated to boost the market growth.
On the basis of geographical analysis, the global pharmaceutical & biotechnology environmental monitoring market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to garner notable revenue share over the forecast period owing to the advancement in technology in the healthcare sector. Moreover, the presence of advanced healthcare infrastructure, and increasing investment in research activities are estimated to boost the regional market growth. For instance, in the U.S. over USD 100 billion were invested in biotech companies, in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Government Initiatives to Promote Research Projects to Fuel the Market Growth
Government initiatives, such as, funding and reimbursement policies for research activities, are bound to surge the market growth. Moreover, biotechnology involves engineering human genomics, and gene sequences, which requires a highly controlled environment, which, in turn, is estimated to generate massive demand for pharmaceutical & biotechnology environmental monitors.
However, the requirement of high investment is expected to operate as key restraint to the growth of global pharmaceutical & biotechnology environmental monitoring market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global pharmaceutical & biotechnology environmental monitoring market which includes company profiling of Springer Nature Limited, Applied Microarrays Inc., C D Genomics, RELX Group, MilliporeSigma, QIAGEN, Agilent Technologies, Inc., Danaher Corporation, and Eppendorf SE. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global pharmaceutical & biotechnology environmental monitoring market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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