Monthly Archives: April 2013

Therapeutic Cancer Vaccines Market to 2019

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The therapeutic cancer vaccines market is anticipated to grow rapidly throughout the forecast period from an estimated $0.59 billion in 2013 to approximately $7.59 billion by 2019, driven primarily by the approval of up to 12 vaccines across seven indications, six of which have no currently approved therapeutic vaccine.

The US is predicted to be the largest market due to the anticipated higher performance of these novel vaccines within this market where, unlike in the European markets, sales will not be severely restricted by their high cost-to-clinical-benefit ratio. The US market will also be driven by the high cost of the vaccines as specialty drugs, which is set to increase yearly at a rate substantially higher than that of the consumer price index.

As such, the US market is predicted to account for 96% of the total global therapeutic cancer vaccines market in 2013, decreasing slightly to 94% in 2019 with the approval of numerous vaccines in the EU and Japan, but remaining overwhelmingly dominant throughout the forecast period and into the foreseeable future.

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Oil and Gas Exploration in the Arctic

The Arctic region holds estimated technically recoverable resources of 90 billion barrels (bbls) of oil, 1,669 trillion cubic feet (tcf) of natural gas, and 44 billion bbls of Natural Gas Liquids (NGLs). According to the World Petroleum Resource Project undertaken by the US Geological Survey (USGS) in 2012, it has been observed that the majority of undiscovered the Arctic provinces of the Former Soviet Union (FSU). The majority of undiscovered natural gas in the Arctic Sea region is located in the Arctic provinces of FSU, followed by the Arctic provinces of north America and Europe.

International Oil Companies (IOCs) have developed a wide range of technologies that can be used for drilling purposes, both in offshore and onshore areas. Royal Dutch Shell (Shell) uses floating rigs for drilling exploration wells in offshore areas, meaning that once the drilling of wells has been completed the rig can be moved to other locations.

Although large ice masses are a concern for moving rigs, Shell uses specially developed vessels to manage the ice and protect the rigs. Shell has also developed various oil spill prevention and response mechanisms in order to prevent oil spills and minimize the impact of any spills that occur.

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Offshore Drilling Industry in Middle East and Africa to 2016

Between 2007 and 2011, a total of $63.5 billion was spent on offshore drilling in the Middle East and Africa region. As a result of increased exploration activities in offshore Middle East and Africa, total offshore drilling expenditure for the region between 2012 and 2016 is expected to reach $77.3 billion, a 21.7% increase over the previous five year period.

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The growth of drilling expenditure is expected to spread to all major countries in the region, with countries in West Africa leading in terms of exploration activity. Increased drilling activities in countries such as Sierra Leone, and Liberia will see the emergence of relatively new players competing with seasoned veteran countries in West Africa such as Angola and Nigeria.

Following a number of large discoveries, countries in East Africa such as Tanzania, Mozambique and Kenya are also driving operator activity. In the Middle East region, the development of the Manifa, Arabiyah and Hasban fields in the Kingdom of Saudi Arabia, South Pars in Iran and North Dome in Qatar will result in increased drilling activity over coming years.

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Nuclear Imaging Equipment Market Outlook in BRICS

The emerging economies, comprising China, India, Brazil, Russia and South Africa, with a significantly large pool of under-served patients, represent the next big opportunity for the leading medical equipment and devices manufacturers. China remains the world’s most populous country and is consequently home to a large patient base.

The country is home to more than 120 million people who are aged 65 or older—a population in continuous need of medical care. India, the second most populous country globally, is home to 1.2 billion people, approximately 5% of which are aged 65 or older.

It’s estimated that shortly after 2020, India’s population will surpass China, making it the most populous country in the world. As the population continues to grow and people continue to age, the underlying demand for healthcare is also expected to increase.

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Microgrid in Smart Grid – Market to 2020

The global market for microgrid is currently driven by North America, which accounts for 75% of the global revenue in 2011. The North American microgrid market has observed considerable growth during the past few years and has been primarily driven by the need to reduce the strain on the power grid in the US, increased emphasis on reducing Greenhouse Gas (GHG) emissions, and improving supply security and reliability by integrating a larger number of distributed generation sources.

The global market for microgrid technologies will be driven by developing countries such as India, China and South Africa during 2012-2020. In 2011, the US contributed around 70% of the revenue to the global microgrid market. There have been number of grid-connected microgrid projects that have been deployed in the US, with the intention of reducing the strain on the national grid, and this is expected to continue in the future as well.

However, the global market is expected be driven by the developing markets in Eastern and Southern European countries, China, India, Japan, Australia, South Africa and Brazil. The need to provide electricity to the population residing in remote locations is expected to drive the market in Europe and Asia-Pacific.

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Control Rod Assemblies in Nuclear Reactors – Global Market Analysis to 2020

Global Nuclear Industry Expansion and Upgradation to Drive Growth for the Control Rod Assemblies Market – The expansion and upgradation of nuclear reactors is expected to be a major driver for the global Control Rod Assembly (CRA) market between 2012 and 2020. There are currently around 435 active nuclear power reactors across the world, and more than 450 new nuclear reactors are scheduled to come online in the near future.

The US set to be leading Control Rod Assemblies Market between 2012 and 2020 – During the forecast period, from 2012 to 2020, the US is expected to be the leading CRA market in terms the number of CRA units required. There are currently 76 existing nuclear reactors in the country in which the CRAs are expected to reach the end of their design life of 15 years and will therefore require replacement during the forecast period.

Asia-Pacific to Generate Highest Demand for Control Rod Assemblies between 2012 and 2020 – Between 2012 and 2020, the Asia-Pacific region is expected to generate the highest aggregate demand for CRAs, with demand amounting to 11,921 units, of which 3,656 units will be required for replacements and 8,265 units for new installations.

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Contraceptives Market to 2018

Organizations such as family planning foundations, reproductive health management societies, birth control associations, and gynaecological sections are involved in conducting awareness programs related to contraceptive use. These initiatives aim to increase contraceptive awareness among non-users and encourage them to use contraceptives. The number of women requiring publicly-funded contraceptives is increasing continuously because of an increase in awareness. As a result, the use of contraceptive devices such as condoms, Intrauterine Devices (IUDs) and vaginal rings will accelerate growth in the contraceptive market to 2018.

Oral contraceptives are considered the most frequently used method for avoiding unplanned pregnancies. In 2011, the global oral contraceptives market reached $6.3 billion, growing at a CAGR of 3.6% from 2004 to 2011, and accounted for 62% of the total contraceptives market. In 2018, it is expected to reach $7 billion, growing at a CAGR of 1.6% from 2011 to 2018, and will hold a 60% share of the global contraceptives market.

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