ReleaseWire Connect

The Indian construction industry is estimated to touch the mark of INR 56 Trillion by the end of 2018, registering a CAGR of nearly 14%. Backhoe loaders continue to top the sales chart with over 1/3rd of share. Backhoe loaders are the highest selling construction equipments in India for over three decades. It is used for multiple construction tasks like demolition, small excavation, loading and unloading of construction materials etc.

For the past few years, API manufacturing has been concentrated in India and China. However, in the wake of rising production costs and stringent regulatory developments, other nations such as Taiwan, Mexico, Israel and Ukraine are gaining. Such regions, especially, Eastern Europe and Taiwan offer manufacturers with experience supplying regulated markets. With considerable growth in their sizes and level of expertise, companies are turning to these nations in search of API suppliers and strategic activities.

Development of new and innovative technologies leads US natural gas industry a revolutionary growth in recent times. Huge investment in new oil and gas extraction techniques makes the natural gas production cost more efficient. Increasing exploration and production of gas with easier access to new and vast natural gas supplies, has led the US shale gas production soar dramatically since 2007. Huge demand of steel tubes that are used drills, well casing, pipelines and other equipment. Production capacity of pipes and tubes are increased by the manufacturer to grab the market opportunity. Hence increase in natural gas industry drives the US steel industry simultaneously.

Numerous miRNA players such as Qiagen, Life Technologies and Exiqon are offering miRNA based services using their proprietary technologies. These services span across the complete miRNA research process including isolation, purification, expression profiling, quantitation and analysis. Since research in this field has been garnering a lot of interest due to the wide applicability of miRNA, the services market is expected to continue to grow at the double digit rate of 14% for the next five years.

Indian cosmetic industry has been witnessing rapid strides over the past few years. The aggressive marketing & distribution strategy being adopted by companies are opening gateways for the companies to tap new markets. According to a new report by RNCOS, “Indian Cosmetic Market Outlook 2018”, various companies, like Revlon, are expanding their reach to rural markets to take on its rivals, so that it adds to its strength.

According to the World Cancer Report by WHO, cancer cases are expected to rise by 57% in the next 20 years. More than half of all cancers (56.8%) and cancer deaths (64.9%) in 2012 occurred in less developed regions of the world, and these proportions will increase further by 2025. The economic cost of the disease worldwide was estimated at US$ 1.16 Trillion, which is hurting the economies of rich countries and is beyond the means of poor countries. In such a scenario of rising costs, physicians have been forced to look for cheaper alternatives such as generics. With major cancer drugs slated for patent expirations in the next few years and big pharmas such as Eli Lilly foraying into the generics industry, generics are going to be the next big thing in the field of oncology.

With non-communicable diseases (NCDs) now constituting the majority of global mortality, there is a growing need for low-cost, noninvasive methods to diagnose and treat this class of diseases, especially in resource-limited settings. In line with the same, Serascience Limited, a specialist cancer diagnostics company established by a joint venture between Abingdon Health and the University of Birmingham, announced the receipt of European CE Mark approval for the commercial sale of Seralite, its proprietary point-of-care diagnostic device for multiple myeloma.

Over the past few years, Asia has become a major destination for wellness tourism. Medical tourists from all over the world visit to the Asian countries to seek alternative therapies. Wellness tourism is a different branch of healthcare tourism, where people head different countries to engage in treatments designed to maintain their personal well-being or enhance their health habits. Tourists often travel in search of authentic and non-traditional therapies that may not be available to them locally.

RNCOS latest research report titled “Global Vaccine Market Outlook 2020”, estimates that the global vaccine market will grow at a healthy CAGR of around 12% during 2013-2020. It has been observed that majority of vaccines in Phase III clinical trials are for influenza treatment. Sanofi leads the global market for influenza vaccine. It generated revenue of over US$ 1 Billion in 2013 from sales of influenza preventing vaccines, Fluzone and Vaxigrip. The major companies working on influenza include Sanofi, Novartis, and AstraZeneca among a few others.

Vietnam Financial Market is growing tremendously, attracting worldwide attention. Although, Vietnam’s economy is dominated by cash payments at present, growing government support and increasing advance technologies are encouraging non-cash payments in the country. In recent years, various government initiatives, to promote non-cash payment in the country, has been observed. For instance, as per the recent government norm, organizations and individuals using public funds will be prohibited from making payments in cash unless permitted or required by the Ministry of Finance and the State Bank of Vietnam. These initiatives are expected to provide a requisite push to the non-cash payment mode in the country.