Biosimilars Unleashed: The Future of Healthcare in the US

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What is the Size of US Biosimilar Industry?

US Biosimilar Market is expected to grow at a CAGR of ~ % between 2017-2022 and is expected to reach ~USD Bn by 2028. Biosimilars enhance patient access to essential treatments, especially in therapies with high demand, like oncology, by providing more affordable options. Additionally, Growing evidence of biosimilars' comparable efficacy and safety fosters trust among healthcare professionals, driving adoption.

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Biosimilars offer cost savings compared to originator biologics, addressing the need for affordable healthcare solutions in the face of rising medical costs. Favorable regulatory frameworks, like the BPCIA, streamline biosimilar approval processes, encouraging manufacturers to invest in development.

Furthermore, The expiration of patents for numerous reference biologics creates opportunities for biosimilar entry, leading to increased competition and market expansion. Pharmaceutical companies are investing in biosimilar R&D and production, expanding the pipeline and market availability. Supportive healthcare policies and reimbursement models incentivize biosimilar adoption, creating a favorable environment for market growth.

US Biosimilar Market by drug class

The US Biosimilar market is segmented by Monoclonal Antibodies, Recombinant Hormones, Immunomodulators, Anti-inflammatory agents and Others. Based on drug class, Monoclonal Antibodies segment dominates the bio similar market in 2022.

Monoclonal antibodies have diverse applications across various therapeutic areas. From cancer treatment to autoimmune diseases, biosimilar Mabs addressed a wide range of medical needs, leading to a broad and growing market. Biosimilars, with their potential for cost savings while maintaining comparable efficacy and safety, gained significant attention as viable alternatives.

US Biosimilar Market by application

In US Biosimilar market, they are segmented by application into Oncology, Blood disorders, Chronic diseases and autoimmune conditions and Others. On the basis of application, Oncology segment was the dominant in 2022.

The increasing prevalence of cancer and the high cost of traditional biologics used in oncology treatment have created a strong incentive for the adoption of biosimilars. Biosimilars offer the potential to provide similar therapeutic outcomes at a lower cost, making them an attractive option for both healthcare providers and patients.

Additionally, the rigorous clinical trials and regulatory processes that biosimilars undergo to gain approval provide reassurance to healthcare professionals and patients regarding their safety and efficacy. This has led to increased acceptance and adoption of biosimilars in oncology.

US Biosimilar by Region

The US Biosimilar market is segmented by Region into North, East, West and South. In 2022, the dominance region is North region in US Biosimilar market.

The North region benefits from a concentration of healthcare providers and academic institutions that are at the forefront of adopting and integrating biosimilars into their treatment protocols. These institutions are more likely to have the expertise to evaluate and incorporate biosimilars effectively, driving their adoption among healthcare professionals and patients.

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Competition Scenario in US Biosimilar Market

The US biosimilar market has witnessed an evolving competitive landscape, with several key players competing for market share. Prominent pharmaceutical companies such as Amgen, Pfizer, Sandoz (Novartis), and Boehringer Ingelheim have been actively involved in developing and marketing biosimilar products. These established players have utilized their expertise in biologics and significant resources to navigate the regulatory landscape and compete effectively.

The competition in the US biosimilar market is characterized by a balance between established pharmaceutical giants and emerging biotech companies. While the major players possess the advantage of resources and experience, smaller biotech firms are also contributing to the market with innovative approaches and niche biosimilar offerings.

What is the Expected Future Outlook for the Overall US Biosimilar Market?

The US Biosimilar market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022- 2028. The US biosimilar market is likely to experience significant growth in the coming years, driven by several factors. Biosimilars are biologic drugs that are highly similar to already approved reference biologics. They offer potential cost savings, increased competition, and improved patient access to crucial treatments.

Firstly, the regulatory environment is becoming more favorable for biosimilars. The Biologics Price Competition and Innovation Act (BPCIA) established a pathway for biosimilar approval in the US, allowing for a smoother regulatory process. As more biosimilars receive approval, competition in the market is expected to intensify.

Secondly, patents for several blockbuster biologics are expiring or have already expired. This creates opportunities for biosimilar manufacturers to enter the market with more affordable alternatives, offering healthcare systems and patients a choice in treatment options.

Thirdly, as healthcare costs continue to rise, biosimilars present an attractive solution for reducing expenses. Their potential to offer cost savings without compromising therapeutic efficacy could lead to increased adoption by healthcare providers, insurers, and patients alike.

Physician and patient education are crucial, as misconceptions about biosimilars' safety and effectiveness might hinder their adoption. Additionally, legal and market access barriers, including patent litigation and complex distribution systems, could slow down the growth of the biosimilar market.

The biosimilar market witness consolidation as larger pharmaceutical companies acquire or partner with smaller biotech firms to bolster their biosimilar portfolios. This will lead to more resources being devoted to biosimilar development and marketing. Changes in healthcare policies, such as reimbursement models and value-based care initiatives, can influence the biosimilar market's growth. Favourable policies that incentivize biosimilar adoption drives their market growth.

John Deere's Dominance and Financial Dynamics in the UK Agricultural Equipment Market

 John Deere, a global leader in agricultural technology and machinery, has left an indelible mark on the United Kingdom's Agricultural Equipment landscape. John Deere's presence in the UK dates back to the 1960s when it established its first dealership.

STORY OUTLINE

• With a network of 15+ dealerships, John Deere offers versatile financing options, empowering UK farmers to acquire equipment while effectively managing expenses and capital.
• Despite a -3.83% revenue decline in 2020, John Deere demonstrated remarkable recovery with a ~21% growth in 2021, showcasing market resilience and adaptability.
• Beyond financial performance, John Deere shapes industry trends and customer preferences, estimated to impact a total UK agricultural equipment market size of around 2171 million pounds.
• While lacking manufacturing plants in the UK, John Deere's extensive aftersales network and genuine parts availability ensure ongoing customer support and maintenance for equipment.

According to Ken Research, the UK's agricultural equipment market is poised for substantial growth driven by technological innovation and evolving customer needs. The prominence of players like John Deere, their financing options, and aftersales services are expected to be key drivers in shaping the market's expansion.

The agricultural equipment market in the United Kingdom is a dynamic sector driven by innovation, technological advancements, and evolving customer needs. Among the key players in this market, John Deere stands out with a prominent presence, a network of dealerships, and a range of financing options that cater to farmers' diverse requirements.

1. Market Presence and Financing Options:

With over 15 dealerships across the UK, John Deere has established a strong footprint in the country's agricultural equipment landscape. What sets John Deere apart is its comprehensive financing solutions that empower farmers to acquire the machinery they need to enhance their operations.

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These financing options provide farmers with various pathways to acquire equipment while managing their capital and expenses effectively.

2. Financial Performance:

Analyzing John Deere's financial performance over the past years provides insights into its market strength. In 2020, a year marked by challenges including the pandemic, the company saw a decline of -3.83% in its revenue.

However, the subsequent years showcased remarkable recoveries. In 2021, John Deere experienced a revenue growth of ~21%, showcasing the sector's resilience and adaptability. Looking forward, the projection for 2022 suggests a moderate decrease of -1.33%.

3. Market Impact and Projections:

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John Deere's role in the UK agricultural equipment market goes beyond its financial performance; it extends to its significant impact on industry trends, customer preferences, and future projections.

Based on John Deere's revenue and market share, it's estimated that the total market size of the agricultural equipment sector in the UK should be around ~2000 million pounds. This projection underscores the significance of players like John Deere in shaping the market's overall dynamics.

4. Manufacturing and Aftersales Services:

While John Deere's presence is strong in the UK, the company doesn't have manufacturing plants in the country. Nevertheless, its extensive aftersales services, along with the availability of genuine parts, ensure that customers receive ongoing support and maintenance for their equipment.

 John Deere's extensive dealership network plays a vital role in reaching customers across the UK. While the exact number of dealerships may vary, there are over 15 dealerships that provide sales, service, and support for John Deere's agricultural machinery. These dealerships serve as key touchpoints for farmers seeking reliable equipment, financing options, and technical assistance.

In Conclusion, John Deere's influence in the UK agricultural equipment market is palpable through its widespread dealer network, diverse financing options, and a comprehensive range of machinery. Its financial performance highlights its ability to navigate challenges and capitalize on opportunities, contributing to the sector's growth. As the market continues to evolve, John Deere's presence is poised to remain a driving force, providing farmers with the tools they need to optimize their operations and contribute to the country's agricultural landscape.

How L’Oreal & Colgate-Palmolive Dominate US Beauty & Personal Care in 2023

 L’Oreal has invested $140 million towards developing a research & development center in the United States. Colgate-Palmolive isn’t behind when it comes to developing innovative products & services.

Both the companies are utilizing everything which is demanded of a beauty & personal care brand today- innovation while keeping sustainability in mind, providing organic & eco-friendly products & using modern-day marketing methods like social & influencer marketing to leverage sales.

Story Outline

• According to Ken Research, the revenue generated in the US beauty & personal care is $92 billion in 2023, with the largest segment being the personal care market & the largest revenue is being generated by US, because of increasing incomes & awareness in people about their personal appearance.
• L’Oreal and Colgate Palmolive demonstrate a strong commitment to eco-friendly practices & natural ingredients. They also excel in reaching out to their end users via social media & influencer marketing.
• Both companies provide personalized beauty & oral care solutions. L’Oreal’s AI-powered Perso offers on-the-spot skincare & cosmetic formulas tailored to individual preferences, while Colgate+YOU allow customers to customize their own toothpaste, aiming to merge oral-care with beauty & wellbeing.
• L’Oreal has invested in research & development centres across the United States, while Colgate-Palmolive has earned recognition for its groundbreaking recyclable tube & innovative Overnight Teeth Whitening Pen.

1. L’Oreal & Colgate Palmolive Lead the Charge in Innovation & Sustainable Technology

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L’Oreal has been actively investing on innovative technology & its development in the United States & across the world. In 2022, they invested about $140 million towards developing a research & development centre (R&D) in Newark area. Apart from Newark, L’oreal has different R&D centres at San Francisco, Clark & Redmond.

On the other side, Colgate-Palmolive has been named in Fast Companies’ list of World’s Most Innovative Companies in 2021 for developing a first-of-a-kind recyclable plastic tube & openly sharing these technologies with third parties. In 2023, they got recognized for developing an Overnight Teeth Whitening Pen which is applied at night & teeth gets cleaned overnight.

They’re also focused on the digitization of their business which has helped in building out augmented factories, clean data rooms & digital shelf innovation to drive growth in United States.

2. Personalized Beauty & Oral Care Innovations with Perso & Colgate+YOU

In order to serve their customers in the best way possible, companies make efforts to provide a customized product plan for their customers’ individual preferences. In 2020, L’oreal launched Perso, an AI-powered at-home system for skincare & cosmetics. The device is 6.5 inches long & provides a four-step process to deliver on-the-spot skincare & cosmetic formulas that optimize for increasing level of personalization over time.

Colgate-Palmolive had been assessing the potential of customization in oral care with a test-and-learn exercise in 2022. Colgate+YOU is a customizable toothpaste displayed on Colgate’s consumer website, priced at $12 per tube with the tagline ‘uniquely yours’.

Post pandemic, the company aims to merge the oral care category with the beauty & wellbeing-based attributes, making it appealing to the younger population by quirkier packaging of products or the overnight whitening pen, mentioned above.

3. L’Oreal & Colgate Palmolive’s Eco-Friendly Commitment to Safe & Natural Beauty Products

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People often want to buy from products which are made from organically safe & eco-friendly material, which does not harm their skin or physical appearance. L’oreal has showcased constant commitment towards providing skincare & beauty products, according to their user’s needs.

From 2021 onwards, they aim to integrate 95% of the ingredients across all brands & ranges will come from plants & flowers that can be renewed & repaired & minerals that can be adequately found.

Colgate-Palmolive is equally committed to making products which contain natural ingredients. For instance, Colgate offers a toothpaste made of charcoal to ensure deep cleansing & fresh breath.

They even make products like a toothpaste like Kids 2-in-1 Watermelon Burst Toothpaste. Moreover, Palmolive provides dish soaps which contains 100% biodegradable ingredients, so that the users don’t experience harm on their skin while using their products.

4. L’Oreal & Colgate-Palmolive’s Success with Authentic Social Media Partnerships

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Influencer marketing plays a crucial role when it comes to reaching the target audience in an authentic & relatable way. Both these players have been utilizing social media & influencer marketing to a large extent.

XOMAD’s Influencer Research & Insights collaborated with L’Oreal USA to host 4 focus groups, moderated sessions, conducted 80+ influencer surveys to tell a brand story.

Colgate-Palmolive is also active by promoting through influencers. Recently, they used Traackr, a system of record for influencer marketing uniting regions, brands & agencies on one platform for discovery, campaign management & measurement. Colgate-Palmolive’s personal care brand including Sanex have delivered significantly better results while reducing campaign costs by 40%

Conclusion

L’Oreal & Colgate-Palmolive stand out as industry leaders in innovation, sustainability & customer centric approaches. Their investment in research & development, use of cutting-edge technology & focus on eco-friendly practices showcases their commitment to meeting consumer demands for safe, natural & personalized oral & beauty care products. Additionally, their effective utilization of influencer marketing has helped them connect with their target audience in an authentic & relatable manner, solidifying their positions as trailblazers in the competitive world of skincare & beauty.

How eToro is dominating by expanding investments in UK online trading market

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eToro is the trading and investing platform that empowers you to grow your knowledge and wealth as part of a global community. The main motive of this 207 founded company is to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions.

STORY OUTLINE

• eToro is exploring in UK online trading market by
• Factors driving eToro and in turn involving UK online trading market
• Competitive landscape of Europe Wheat protein market with respective of MGP Ingredients

1.eToro has a leading position in UK online trading platform market.

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eToro is a major player in the online trading market in UK. eToro offers 3,000+ financial instruments across various classes, such as stocks, crypto and more. To enable eToro clients to use advanced trading features, such as advantage and short (SELL) orders, and to offer financial instruments that normally cannot be traded, such as indices and commodities, eToro utilizes Contracts for Difference (CFDs). Additionally, to enable traders and investors direct access to the market, some asset classes, such as stocks and crypto assets, offer direct ownership of the underlying assets, which we buy and hold in each client’s name.

eToro enables clients to deposit and withdraw using a variety of payment methods, the smartest of which is eToro Money, offering free and instant deposits with no FX conversion fees, and instant withdrawals. Other methods include wire transfers, bankcards, and more. eToro offers low minimum deposits and unified fees.

2.Factors driving MGP Ingredients and in turn involving Europe protein market

There are many drivers, which are making eToro lead in the UK online trading market. One of the reasons is that it provides various tools like CopyTrader, enables traders to replicate other traders’ actions in real time. To encourage top traders to be copied, eToro created the Popular Investor program.

Another unique product offered by eToro is Smart Portfolios, which are ready-made, investment strategies, offering thematic investment, such as medical cannabis, driverless cars, and people-based portfolios.

eToro has new investors which will be the stockholders of FinTech Acquisition Corp. V including Fintech V’s sponsors. Fintech V is a Special Purpose Acquisition Corporation (SPAC) that was formed for the purpose of combining with one or more businesses and remaining a public company. Additionally, several institutional investors will become new investors in eToro because of the transaction. These include ION Investment Group, Softbank Vision Fund 2, Fidelity Management & Research Company LLC, and Wellington Management.

3.Competitive landscape and Outlook of eToro in UK Online trading platform market

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eToro is sustaining its position in UK online trading platform market. It already is available in in 140 countries. eToro generated $1.2 billion revenue in 2021, a 103% year-on-year increase. In June 2021, eToro reached 20 million active users. It set an IPO valuation of $10.4 billion, a 316% increase on its 2020 valuation. 69% of users are from Europe, followed by Asia-Pacific (18%) and then the Americas (8%).

Looking at its most popular stocks Bitcoin is the most popular, it accounts for one in every 25 positions opened. Tesla, Microsoft and Apple are the most traded stocks. NASDAQ 100 is the most traded index. Oil is the most traded commodity.

CONCLUSION

eToro is an emerging online trading platform in the digital world and it got hike in the market majorly due to effect of Covid 19. eToro is a very versatile platform offering you the possibility to trade CFDs (for experienced traders) and with them, you can also invest in ETFs and real stocks (e.g. investors who are looking at the long term).

Expanding Horizons: A Deep Dive into the US Expandable Polystyrene Market

 What is the Size of US Dry Type Transformer Industry?

US Expandable Polystyrene Market is expected to grow at a CAGR of ~% between 2022-2028 and is expected to reach ~USD Mn by 2028.

The flourishing e-commerce industry is generating consistent demand for protective packaging materials, where EPS shines due to its lightweight and cushioning properties, safeguarding products during transit.

The construction sector's emphasis on energy efficiency and sustainable building practices fuels EPS adoption for insulation applications. As regulations tighten to reduce energy consumption, EPS's exceptional thermal insulating capabilities make it a preferred choice for enhancing building efficiency.

Furthermore, the automotive industry's pursuit of lightweight materials for improved fuel efficiency, coupled with EPS's acoustic and thermal insulation qualities, drives its use in vehicle components, supporting growth.

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Also, increasing consumer awareness about environmental impact encourages the adoption of EPS as it is increasingly recyclable and even incorporates bio-based alternatives, aligning with sustainability goals.

Lastly, technological advancements and research in EPS manufacturing processes contribute to enhanced product quality and performance, further boosting market expansion.

US Expandable Polystyrene Market by Technology Type

The US Expandable Polystyrene market is segmented by type into Silver and Grey ESP and White ESP.

Based on Type, Grey and Silver type segment is emerged as the dominant segment in US Expandable Polystyrene market in 2022.

Grey and Silver EPS, also known as graphite-enhanced EPS, possesses enhanced thermal insulation properties due to the addition of graphite particles during the manufacturing process. This modification enhances its ability to reflect and trap heat, making it an excellent choice for applications requiring superior insulation performance.

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US Expandable Polystyrene Market by End User Application

US Expandable Polystyrene market is segmented by end user into Building and Construction Plastic, Automotive vehicles and Others.

Building and Construction market is dominant in end user application segment in US Expandable Polystyrene market in 2022. The building and construction industry relies on EPS due to its versatile properties, making it a key material for various applications within this sector.

EPS is highly regarded for its exceptional thermal insulation capabilities, lightweight nature, and ease of installation. In the building and construction sector, it finds extensive use in insulation materials for roofs, walls, and foundations. The material's energy-efficient attributes align with growing emphasis on sustainable and eco-friendly construction practices, helping builders meet stringent energy efficiency regulations.

US Expandable Polystyrene by Region

The US Expandable Polystyrene market is segmented by Region into North, East, West, South.

In 2022, the dominance region is East region in US Expandable Polystyrene market. the East region is home to densely populated urban centers, driving substantial demand for packaging materials and construction activities. EPS finds significant use in both these sectors due to its lightweight, insulating, and protective properties. Moreover, the East region's emphasis on sustainable building practices aligns with the eco-friendly aspects of EPS insulation materials, driving its adoption in the construction industry. The presence of major players in the EPS market, as well as raw material suppliers and distribution networks, in the East region further enhances its dominance. Proximity to suppliers and customers helps streamline the supply chain and reduce logistical costs.

Competition Scenario in US Expandable Polystyrene Market

the US expandable polystyrene (EPS) market featured several prominent players competing to capture market share. Companies like StyroChem, ACH Foam Technologies, NOVA Chemicals Corporation, and BASF SE were among the key participants in the market.

These companies are competing by focusing on product quality, innovation, and meeting evolving environmental regulations. As sustainability becomes a growing concern, companies that have invested in developing eco-friendly alternatives or recycling solutions have gained a competitive edge. The competitive landscape has also been influenced by shifts in consumer preferences, industry trends, and advancements in manufacturing processes.

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What is the Expected Future Outlook for the Overall Expandable Polystyrene Market?

The US Expandable Polystyrene market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022- 2028.

The expandable polystyrene (EPS) market has witnessed steady growth over the years due to its diverse range of applications across industries such as packaging, construction, automotive, and electronics. The market's growth can be attributed to factors such as urbanization, increasing consumer demand for packaged goods, and the need for energy-efficient and sustainable building materials.

In the packaging sector, EPS is valued for its lightweight and protective properties, making it a popular choice for cushioning and insulation of delicate items during transportation. As e-commerce continues to thrive, the demand for reliable packaging materials like EPS is likely to remain strong.

The construction industry has also significantly contributed to EPS demand. EPS is used in insulation applications, helping to improve energy efficiency in buildings. As energy regulations become more stringent, the demand for eco-friendly insulation materials like EPS is anticipated to rise.

Automotive manufacturers have incorporated EPS into various components to reduce the overall vehicle weight, thereby enhancing fuel efficiency and reducing emissions. As the automotive industry gradually shifts toward electric vehicles (EVs), EPS demand will increase due to its role in lightweighting and thermal insulation.

However, the future outlook for the EPS market is facing some challenges. One notable concern is the environmental impact of EPS waste. Traditional EPS foam is non-biodegradable and can persist in the environment for a long time. This has led to growing interest in sustainable alternatives and recycling methods for EPS.

To address these concerns, the industry has been exploring bio-based alternatives and improved recycling technologies for EPS. Innovations in chemical recycling and the development of biodegradable EPS could reshape the market landscape. Regulatory changes and consumer preferences for environmentally friendly materials are likely to drive adoption of these alternatives.

How Hitachi’s new technology will dominate the US dry type transformers market

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One of the leading players in transformer industry is Hitachi, which has been coming up with various new technological innovations with dry type of transformers. Hitachi Energy has successfully designed and installed a dry-type transformer that can withstand 100 kV / 550kV Basic Impulse Level (BIL).

STORY OUTLINE

• Hitachi is exploring in US dry type transformer market in US.
• Factors driving Hitachi transformers in turn involving US dry type transformers market.
• Competitive landscape of US dry type transformers market with respective of Hitachi

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1.Hitachi has a leading position in US dry type transformers market

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Hitachi is a leading innovative key player in US dry type transformer market, which is developing dry type transformers with trending technologies and new engineering. Hitachi Energy's dry and cast transformers are virtually maintenance-free and are manufactured in accordance with industry and international standards including ISO 9001.

Hitachi Energy offers a complete range of power transformers and related components and parts. We have delivered more than 20,000 power transformers (over 2,600 GVA), including over twenty 800 kV UHVDC and over five hundred 735 - 765 kV AC units, to all major global markets.

2.Innovations driving Hitachi transformer and involving US dry type transformers market

Hitachi Energy is a launching a new product a plug-and-play dry-type traction transformer with an integrated cooling system which is designed to reduce CO2 emissions and total operating costs while increasing energy efficiency. Factors such as modernization of transmission and distribution networks are expected to drive the market. In addition, decreasing electricity generation in the country is expected to restrain the growth of the market.

It is driving a sustainable energy future which is powered by innovation and launched CompactCool technology, will unlock new applications for dry-type transformers. This is because CompactCool is a unique combination of safety, low maintenance, and reduced operating costs, all these with up to 50% smaller footprint than standard dry-type transformers.

Hitachi Energy also officially launched flagship dry-type traction transformer: RESIBLOC Rail with voltages up to 15 kV. Since then, the technology has evolved, and its voltage rating has increased up to 25 kV.

3.Competitive landscape and Outlook of Hitachi in US dry type transformers market.

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Looking at Hitachi’s competition in dry type transformer in United States there are many players which are contributing in the US dry type transformer market. Key players are  ABB Ltd., Kirloskar Electric Co. Ltd., Schneider Electric SA, Siemens Energy Inc., Eaton Corporation Inc  etc . They are innovating with new technologies like Siemen Energy launched an innovative dry-type single-phase transformer for pole applications. It has been designed for the technological requirements of the American grid, the new cast-resin distribution transformer provides a reliable and sustainable alternative to oil-filled transformers.

CONCLUSION

Electricity generation in the United States decreased by 1.3% to 4401.3 Terawatt-hours, in 2019 from 4457.4 Terawatt-hours, in 2018. The energy consumption is expected to increase in the forecast period and may aid the growth of the market. Hence what is needed is smart grid’s investment which is expected to drive the US dry type transformer market. Hitachi is investing in various new projects which will drive the market like CompactCool and RESIBLOC Rail.

Hitachi will grow in future due these reasons and it will have a significant contribution in the US Dry type transformer market.

How Smart Parking and Sustainable EV Integration in Europe can be catalyst for UK’s Parking Management Market?

 Story Outline

Across Europe, cities are undergoing a profound transformation fueled by technology and sustainability. Smart parking solutions are emerging as a crucial component, integrating data-driven insights and real-time information to alleviate traffic congestion, enhance user experience, and optimize parking utilization.

Electric vehicle adoption is on the rise, driving the integration of EV charging infrastructure within parking facilities. This move not only promotes eco-friendly transportation but also offers convenient charging options for EV owners, supporting the growth of a sustainable and cleaner urban mobility ecosystem.

The evolution of Europe’s parking management market is marked by collaboration between public authorities, private technology providers, and businesses. This collective effort is reshaping urban mobility, leveraging digital platforms, data analytics, and forward-thinking policies to create efficient, user-friendly, and environmentally responsible parking solutions.

1. Trends in UK’s Parking management market- Cloud based parking to be beneficial in the future

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The cloud-based platform ensures intelligent usage of parking spaces. It maintains social distancing by providing vital information, such as information about nearby free parking so that drivers can park safely. Besides distance, a driver can select other filters such as price, parking time, and rating. Such benefits are expected to aid in the growth in the adoption of parking management solutions, especially during the pandemic. Moreover, the evolution from on-premise to cloud-based solutions has been critical in making the solutions more robust and easily deployable. These factors have positively impacted the demand for the solution and services offered in this market.

2. The integration of electric vehicle (EV) charging infrastructure into parking management solutions is a significant development.

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• Incorporating EV charging stations within parking facilities provides a convenient and accessible charging option for EV owners. Drivers can recharge their vehicles while they are parked for other activities, such as shopping, dining, or working, without the need for a separate trip to a charging station.
• Range Anxiety Mitigation: One of the barriers to EV adoption is "range anxiety," or the fear of running out of battery power without access to charging infrastructure. By strategically placing EV charging stations in parking lots and garages, EV owners gain peace of mind knowing that charging facilities are readily available in urban areas
• Many people leave their vehicles parked for extended periods during the day, such as while they are at work. EV charging infrastructure allows these vehicles to be charged while parked, maximizing the utilization of charging stations and supporting EV adoption.

3. Development of a greener and more efficient parking system in UK to drive future of parking management

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Integrating EV charging infrastructure aligns with cities' and governments' sustainability goals. It encourages the use of electric vehicles, which produce lower or zero tailpipe emissions, thus contributing to improved air quality and reduced greenhouse gas emissions.

Synergy with Smart Grids: Advanced parking management solutions can be integrated with smart grids to optimize charging patterns. EVs can be charged during off-peak hours when electricity demand is lower, reducing strain on the grid and optimizing energy consumption.

Some parking facilities may offer discounted or free parking to EV owners who use the charging stations. These incentives encourage EV adoption by providing tangible benefits to EV drivers.

Cities and businesses that invest in EV charging infrastructure demonstrate their commitment to sustainability and forward-thinking transportation solutions. This can enhance their public image and attract environmentally conscious individuals and businesses.

The integration of EV charging infrastructure into parking management solutions is a multifaceted strategy that benefits both EV owners and the broader urban ecosystem. It encourages EV adoption, supports sustainability goals, enhances convenience, and contributes to the overall development of a greener and more efficient transportation system. As the popularity of electric vehicles continues to rise, the integration of EV charging into parking facilities will play a crucial role in shaping the future of urban mobility.

US Beauty & Personal Care Market worth $92 Bn in 2022, Will it sustain?

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US Beauty & Personal Care market is set to grow in double digit CAGR in the next 5 years, reaching upto a market size of $113 Bn by 2028

Increasing population & focus on grooming & self-care demands innovative products & services which provide an attractive physical appearance & personality. Additionally, the major players in the market are utilizing social media & influencer marketing to the fullest, makes it the most sought-after industry in the United States.

Story Outline

• The United States is experiencing a rapid transition with increasing income & decreasing wealth inequality, empowering consumers to afford innovative beauty products.
• Beauty giants like Loreal are investing significantly in research & development to create cutting-edge products, enhancing consumer experience & benefits.
• Beauty & personal care industry is booming through ecommerce platforms, with web sales generating billions in revenue. Social media & influencer marketing playing a crucial role in advertising expenditures. Additionally, emerging segments like men’s grooming products are contributing to industry’s expansion & growth.
• According to Ken Research, the revenue generated in the US beauty & personal care is $92 billion in 2023, with the largest segment being the personal care market, because of increasing incomes & awareness in people about their personal appearance.

1. Rapid transitions to reduced inequalities Increases Premium Purchases

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 United States has been undergoing a rapid transition with increasing income & decreasing wealth inequality. In 2021, the average income of Americans was at $70,784 per year, which decreased a little as it came under $61,900 per year in 2022.

It has reached to $74,738 in 2023. Between February 2020 & September 2022, average income for the lowest earning 50 per cent of Americans had increased more than 50%, faster than every population group, except the top 1 per cent of the population.

In a population where everyone’s income is increasing steadily, everyone gets the power to buy premium products & innovative products which were offered in the market.

2. Beauty Giants like Loreal Boost R&D Investments in the US for Cutting-Edge Products

L’Oreal Research & Development Centers in United States, 2022

In 2022, Loreal, one of the leading players in the beauty market across the world, invested around 1 billion euros towards research & development as they earned about 38.26 billion euros globally that year.

Additionally, they have also invested towards $140 million towards developing a research & development centre in Newark area in the United States. Loreal & other companies like Estee Lauder invest money into different countries so that they can create new & improved products to offer enhanced benefits & excellent consumer experience for their users.

According to Ken Research, the US beauty & personal care market size reached $92 billion in 2023, with the largest segment being the personal care market, majorly because of increasing incomes & awareness in people about their personal appearance.

3. Digital Beauty Boom as E-commerce Drives $54 billion sales in the US

In United States, the websites which are known for selling beauty & personal care products include Sephora, Glossier, Ulta, Purplle etc. to name a few. Having these many e-commerce websites helps the consumer browse through various shopping websites & order items at the comfort of their homes.

In 2021, personal care sales in the retail market generated nearly $54 billion in ecommerce revenue & accounted for over 11 percent of total retail ecommerce sales that year. Given the widespread digital connectivity & internet penetration, web sales are becoming a reliable source of revenue for beauty & personal care industry.

4. Social Media & Influencers Reign: Beauty Industry’s $373 Million Ad Spend in 2023

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Beauty industry is one of the leading avenues which is heavily exploring marketing through social media & influencer marketing. 42 per cent of people between the age of 18-24 years are inspired by social media when it comes to make up.

In January, 2023 beauty advertisers in the United States invested about $373 millions to promote their products. Ad expenditures in the cosmetics & personal care industry had crossed four billion dollars in 2021.

5. Emerging Segments like Men’s Grooming Spark Boom in US Beauty & Personal Care

There are numerous segments which are emerging in the beauty & personal care in the United States. One of them includes men’s grooming. In 2022, the male grooming market in the country had reached to $16 Bn in 2022 & the demand for male grooming products is likely to accelerate with top marketing players holding prominent shares.

Several influential male celebrities, athletes, and social media personalities have also impacted the men's grooming products and routines like Chris Pratt, NBA superstar LeBron James, musician Pharrell Williams, and entrepreneur and social media influencer Jeffree Star. Their public endorsements and discussions about grooming have significantly contributed to the growing popularity of men's grooming in the U.S.

Conclusion

Reduced income inequalities have led to empowered consumers to invest in premium & innovative products, bolstered by e-commerce platforms. Social media & influencer marketing have become powerful tools of promotion, driving substantial advertising expenditures. Emerging segments like men’s grooming & organic products are contributing to industry’s expansion. With increased awareness & consumer demand, future looks promising for the US market.

Brazil's Booming Whey Protein Market: A Path to Wellness and Success

 What is the Size of Brazil Whey Protein Industry?

Brazil Whey Protein Market is expected to grow at a CAGR of ~ % in 2022 and is expected to reach ~USD Bn by 2028.

Increased awareness about the importance of maintaining a healthy lifestyle, including regular exercise and proper nutrition, is driving the demand for nutritional supplements like whey protein among Brazilian consumers.

Additionally, the rise of fitness centers, gyms, and sports activities in Brazil has led to a surge in the number of fitness-conscious individuals seeking to supplement their workouts with protein-rich products like whey.

Consumers are shifting toward higher protein diets to support muscle growth, weight management, and overall well-being. Whey protein, known for its high-quality protein content, fits well within these dietary preferences.

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Furthermore, the growth of e-commerce platforms allows consumers to easily access a variety of whey protein brands and products, further expanding market reach and accessibility.

Endorsements from Brazilian athletes, fitness influencers, and celebrities enhance the credibility of whey protein products, encouraging consumer adoption.

Brazil Whey Protein Market by Product Type

The Brazil Whey Protein market is segmented by product type, Whey Protein Isolate and Hydrolyzed Whey Protein.

Based on product type, the whey protein Concentrate segment is estimated to command the largest share of the overall Whey Protein market in 2020.

whey protein concentrate offers a balanced nutritional profile with a moderate protein content along with beneficial bioactive compounds like immunoglobulins and lactoferrin. This appeals to a wide range of consumers seeking a versatile protein source that supports overall health and fitness goals. Moreover, the taste and texture of whey protein concentrate are often more palatable compared to other forms, making it more appealing to a broader consumer base.

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Brazil Whey Protein Market by Application

In Brazil Whey Protein market, they are segmented by Sports and Performance Nutrition and Infant Formula and Functional/Fortified Food.

On the basis of application, Sports and Performance Nutrition, segment emerged as the dominance market share in 2022.

The increasing global emphasis on fitness, sports, and active lifestyles has resulted in a growing demand for specialized nutritional products catering to athletes, fitness enthusiasts, and individuals seeking improved physical performance. The Sports and Performance Nutrition segment addresses this demand by offering products designed to enhance endurance, muscle recovery, and overall athletic performance.

Brazil Whey Protein Market by Region

The Brazil Whey Protein market is segmented by Region into North, East, West and South.

In 2022, the dominance region is south region in Brazil Whey Protein market.

the South region is known for its higher level of urbanization, which often correlates with increased awareness and adoption of health and fitness trends. The urban lifestyle in this region has led to a greater emphasis on wellness and a demand for fitness-related products like whey protein. Moreover, the South region often benefits from better distribution networks and access to a wider variety of health and nutrition products due to its economic significance and infrastructure development.

Competition Scenario in Brazil Whey Protein Market 

The Brazil whey protein market is marked by robust competition among various players aiming to capitalize on the country's growing demand for health and fitness products. Prominent national and international companies contribute to this competitive landscape.

Continuous innovation and product differentiation are central to the competitive strategies in this market. Companies are introducing new flavors, formulations, and packaging options to attract consumers seeking variety and improved taste experiences.

Marketing and endorsements also contribute to competition. Brands often collaborate with fitness influencers, athletes, and celebrities to endorse their products, enhancing their market visibility and credibility.

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What is the Expected Future Outlook for the Overall Brazil Whey Protein Market?

The Brazil Whey Protein market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Billion by the end of 2022, witnessing a CAGR of ~% during the forecast period 2022- 2028.

the increasing adoption of healthy lifestyles and fitness regimes across Brazil is anticipated to drive consistent demand for whey protein products. As consumers become more health-conscious and seek products that align with their fitness goals, whey protein's role as a high-quality, complete protein source is likely to remain pivotal.

The rising influence of digital platforms and e-commerce is expected to enhance market accessibility. The convenience of online shopping provides consumers with a wide range of whey protein options, enabling them to make informed choices and compare products based on nutritional content, flavors, and formulations.

product innovation will play a significant role in shaping the market's trajectory. Manufacturers are likely to focus on introducing novel flavors, functional additives, and formats that cater to diverse consumer preferences and address specific health needs.

Moreover, endorsements from fitness influencers, athletes, and celebrities are expected to continue boosting consumer trust and confidence in whey protein products. As these endorsements resonate with different segments of the population, they contribute to increased awareness and adoption.

Furthermore, the integration of whey protein into various food and beverage applications, beyond traditional supplements, presents opportunities for market growth. The inclusion of whey protein in snacks, baked goods, and beverages aligns with the trend of seeking protein-rich options in everyday foods.

Regulatory developments, including standards for quality and labeling, will play a role in shaping consumer perceptions and the overall market landscape. Brands that prioritize transparency and meet these regulations are likely to gain a competitive edge.

As consumers prioritize their well-being and seek products that align with their fitness goals and nutritional needs, the demand for whey protein is likely to remain strong. The convenience of online shopping and the availability of a diverse range of whey protein products will contribute to market accessibility and consumer choice.

How Pfizer & AstraZeneca is revolutionizing USA Solid Tumor Therapeutics Market

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With rapid scientific advancements & diversity in their tumor therapeutic treatment plans, Pfizer & AstraZeneca are creating new pathways towards solid tumor therapeutic market’s positive growth

Both these companies have emerged as trailblazers in the field of oncology, moving ahead with groundbreaking advancements that promise to reshape the landscape of cancer treatment. With innovative therapies and unwavering commitments, these industry leaders are not only breaking barriers, but setting new standards for patient care. From transformative clinical trials to intellectual property breakthroughs, their collective efforts are propelling medical innovations to new heights.

Story Outline

• Pfizer & AstraZeneca are leading the change in oncology innovation, announcing significant breakthroughs in therapy & treatments
• AstraZeneca & Pfizer are at the forefront of diverse therapeutic advancements which are elevating the standard of care
• Both companies are driving innovations through intellectual property initiatives & transparent clinical trials. AstraZeneca’s sustainable intellectual property commitment aligns with their access-to-healthcare focus.
• According to Ken Research, the USA Solid Tumor Therapeutics Market is expected to reach $150 billion by 2028, due to rapid technological advancements in the market, along with rising cases which cater to the demand of solid tumor therapeutics to help the target population.

1.Breaking Barriers: Pfizer & AstraZeneca Spearhead Oncology Advancements in 2023

AstraZeneca’s framework for enhancing R&D productivity

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The development of new therapies, diagnostic tools & treatment modalities significantly influence the market. In February, 2023, Pfizer announced positive results from the Phase-3 TALAPRO study of TALAZENA, which is being investigated as a combination therapy with XTANDI (enzalutamide) in men with advanced prostate cancer.

In May, they also announced scientific advancements by presenting real-world evidences for IBRANCE (Palbociclib) & initial first in-human results for CDK4- and CDK2- respectively & novel epigenetic modulator. They presented data in 4 major areas- breast cancer, genitourinary cancer, hematology & precision medicine.

In the American Association for Cancer Research (AACR) meet in April, 2023, AstraZeneca had announced diverse oncology related solutions for Novel Imfinzi based regimen, which significantly improved patient outcomes in resectable non-small lung cancer & first clinical data for CAR-T therapy in solid tumors using AstraZeneca’s innovative research & armoring platforms.

2.AstraZeneca & Pfizer Lead in Diverse Therapeutic Advancements

AstraZeneca’s Pipeline Diversity, till 2023

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AstraZeneca provides a robust portfolio of investigation stages, at various stages of clinical development. Their key therapeutic areas include Oncology, Cardiovascular, Renal & Metabolism, Respiratory & Immunology, Vaccine & Immune Therapy, among others.

Pfizer Oncology has also shown its commitment towards discovering, investigating & developing transformative therapies that improve the cancer outlook. Their strong pipelines of biologics, small molecules, immunotherapies & biosimilars, among a wide array of approaches, helps in minimizing risk & bringing a successful drug to market.

According to Ken Research, the USA Solid Tumor Therapeutics Market is expected to reach $150 billion by 2028, due to rapid technological advancements in the market, along with rising cases which cater to the demand of solid tumor therapeutics to help the target population.

3.Empowering Innovations for Patients: Pfizer & AstraZeneca’s IP Initiatives

AstraZeneca’s Commitment to Expanding Access to Healthcare through Intellectual Property

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The IP PACT (Intellectual Property Principles for Advancing Cures & Therapies) is a unified statement by Pfizer, for all members of the innovative biopharmaceutical industry to commit to the needs of the patients first. It is a set of voluntary commitments for greater trust & collaboration, which can prove to be a fundamental enabler for medical innovations & significant scientific advances.

AstraZeneca emphasizes on the need of sustainable commitment to enhancing access to healthcare through intellectual property. Their intellectual property policy aims to act as a Driver for innovation, Flexible Intellectual Strategies which ensure improved access to medicine, Granting Voluntary licensing in Developing Countries, Respecting International Trade Agreements & Compulsory Licensing & Sustainable Access to Healthcare.

 Developing novel therapies involves patents to safeguard their research investments & maintain a competitive edge.

4.Unveiling Medical Frontiers: Pfizer & AstraZeneca’s Clinical Trial Commitments

Conducting clinical trials are a fundamental part of developing new therapies. As mentioned earlier, Pfizer Oncology is committed to discovering, investigating & developing transformative therapies. These include biologics, small molecules, immunotherapies etc. Pfizer provides a scope for everyone to find the clinical trials, which fits their areas of interest & people can register themselves on PfizerLink- a clinical research registry.

AstraZeneca is also actively conducting clinical trials where they commit to clinical trial transparency since 2005. They publish the results from clinical trials on public websites like ClinicalTrials.gov and EU Clinical Trial Register & other peer-reviewed journals. AstraZeneca also commits to IFPMA Principles for Responsible Clinical Data Sharing. Delays or failures in clinical trials can impact market positioning & revenue projections.

Conclusion

Pfizer & AstraZeneca are reshaping the landscape of medical innovation in 2023. With breakthrough therapies & groundbreaking research, they are charting a new course in cancer treatment. Their commitment to patient centric intellectual property initiatives & transparent clinical trials further solidifies their positions as leaders in the biopharmaceutical industry. By pushing boundaries & fostering collaborations, Pfizer & AstraZeneca are driving the United States, towards a future where medical possibilities knows no limits