The latest market report published by Credence Research, Inc. “Global Activated/Functionalized Polyethylene Glycols (PEGs) Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The global activated/functionalized polyethylene glycols (PEGs) market generated revenue of around USD 105.5 million in 2022 and is anticipated to grow a CAGR of over 18.20% during the forecast period from 2023 to 2030 to reach around USD 340.07 million in 2030.
The worldwide increase in spinal cord injuries (SCIs) is responsible for the market expansion. Injury to the spinal cord from the outside results from compression or damage to the nerve. The primary causes of this reduction are either spinal degeneration, bone fractures, or abnormalities like hematomas or herniated discs. Due to its safety, efficacy, and usefulness in healing surgical wounds and restoring damaged tissues, activated/functional polyethylene glycol is frequently preferred. Furthermore, the market for activated/functionalized polyethylene glycols (PEGs) will face additional challenges to its expansion during the forecast period due to a lack of sufficient physicians and low levels of awareness and education. Other factors limiting market growth include rising treatment costs, uncertainty surrounding reimbursement, and strict compliance and regulatory approval procedures.
The global activated/functionalized polyethylene glycols (PEGs) market is bifurcated into type, application, and Geography. Based on type, the market is categorized into linear PEGs, branched PEGs, multi-arm PEGs, and others. Based on parts, the global market is segmented into rigs, pipes, bits, reamers, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2022, Asia Pacific dominated the global activated/functionalized polyethylene glycols (PEGs) market and accounted for a major market revenue share in value. This is majorly due to growing economies such as India, Indonesia, Malaysia, Bangladesh, etc. The growing presence of various end-user industries and a large consumer base will drive market growth. Asia Pacific has the presence of strongly growing end-user industries such as the pharmaceutical industry.
The Activated/Functionalized Polyethylene Glycols (PEGs) Market major players analysis is a comprehensive report that provides an in-depth evaluation of the key market players, their strategies, and business outlook. The report covers all the prominent companies operating in the global PEG market and analyzes their performance based on various parameters such as revenue, gross margin, product portfolio, R&D activities, geographic presence and customer base. It highlights the competitive landscape of the market with insights into mergers & acquisitions, collaborations & partnerships along with new product launches by these key players.
The growth can be attributed to several factors, including:
Increasing demand for cell-based therapies: The demand for cell-based therapies is increasing as these therapies become more widely used in the treatment of a range of diseases and conditions. Cell dissociation is a critical step in the process of isolating and growing cells for use in these therapies, which is driving the growth of the market.
Advancements in cell dissociation technology: Advances in cell dissociation technology, such as the development of enzyme-free dissociation methods and the use of microfluidic devices, are driving the growth of the market. These new technologies offer improved efficiency, reduced cell stress, and higher yields, which is driving demand.
Increasing research activities: The growing focus on research and development in the fields of biotechnology and regenerative medicine is driving the growth of the cell dissociation market. Researchers are using cell dissociation techniques to isolate and study different types of cells, which is driving demand for cell dissociation products.
Rising prevalence of chronic diseases: The rising prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular disease, is driving demand for cell-based therapies. Cell dissociation is a critical step in the production of these therapies, which is driving the growth of the market.
Increasing funding for research and development: Governments and private organizations are investing heavily in research and development activities in the fields of biotechnology and regenerative medicine. This is driving demand for cell dissociation products, as researchers require high-quality dissociation products for their studies.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global activated/functionalized polyethylene glycols (PEGs) market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global activated/functionalized polyethylene glycols market segmentation based on type and application.
- Major countries in each region with their import/export statistics
- The global activated/functionalized polyethylene glycols (PEGs) market report also includes analyzing the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.
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