Day: December 26, 2023

Increasing rate of infectious diseases, development of innovative products, and rising usage of antibiotics are major factors driving Antibiotics Market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global antibiotics market size was USD 42.32 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.5% during the forecast period. The global antibiotics market is witnessing significant growth, driven by factors such as the increasing rate of infectious diseases, development of innovative products, and rising antibiotic usage. A study published in September 2022 by the Lancet Regional Health-Southeast Asia revealed that azithromycin 500mg tablets were the most frequently used antibiotics in India. However, despite this growth, challenges like antibiotic resistance and high research costs pose potential...

Riding demand for Three Dimensional (3D) Printing is a key factor driving Photopolymers Market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global photopolymers market size was USD 2.60 Billion in 2022 and is expected to register a steady revenue CAGR of 10.5% during the forecast period, according to latest analysis by Emergen Research. Rising demand for 3D printing, technological advancements in the printing and packaging industry, and increasing need for artificial jewelry and prosthetics globally are key factors driving market revenue growth. Photopolymers are one of the materials used in 3D printing with the potential to make products with better properties. The field of 3D printing is rapidly growing in both academic and commercial settings. Photopolymerization-based technologies (such as Stereolithography...

Increasing number of minimally invasive surgical procedures is a major factor driving Electrosurgical Products market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global electrosurgical products market size was USD 8.90 Billion in 2022 and is expected to register a steady revenue CAGR of 5.3% during the forecast period, according to latest analysis by Emergen Research. Increasing number of minimally invasive surgical procedures is a key factor driving market revenue growth. Many healthcare institutions and professionals are becoming more environmentally conscious, and there is an increasing emphasis on Corporate Social Responsibility (CSR). Electrosurgical products are used in surgical procedures, such as cardiovascular surgery, gynecology surgery, general surgery, and others, which apply electric current for...

Rising concerns over quality and safety of tap water is a major factor driving Bottled Water market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global bottled water market size was USD Billion 303.56 in 2022 and is expected to register a revenue CAGR of 7.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing knowledge of value of staying hydrated and living healthy is a major factor expected to drive market revenue growth during the forecast period. The bottled water sector fits into sustainable development aim of providing everyone with access to clean water. The investigation only considered bottled water brands that taste nearly identical to tap water obtained from a standard municipal water supply. It is demonstrated that water in bottles is commonly used in both...

Rising demand for intra-oral flat panel sensors in dental imaging is a key factor driving Intra-Oral Flat Panel Sensor market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global intra-oral flat panel sensor market size was USD 337 Million in 2022 and is expected to register a steady revenue CAGR of 4% during the forecast period, according to latest analysis by Emergen Research. Rising demand for intra-oral flat panel sensors in dental imaging is a key factor driving market revenue growth. Intra-oral flat panel sensors are critical diagnostic components that are designed to be placed within the patient’s oral cavity. These sensors can collect very detailed images that provide the dentist with crucial diagnostic information. In addition, increasing use of dental imaging technology due to rising prevalence...

Rising demand for inductive encoders in industrial automation is a major factor driving the Inductive Encoder market revenue growth. Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global inductive encoder market size was USD billion in 2022 and is expected to register a revenue CAGR of 8.3% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of inductive encoders in industrial automation equipment such as robotic arms, actuators, conveyors, and other moving components are driving market revenue growth.Inductive encoder is designed to detect accurate, precise, and calibrated positions. Globally, an array of industries is adopting the industry ‘4.0’ paradigm, which frames development of various digital technologies as the fourth industrial revolution. Modern industrial...

Increasing focus on considering enhanced Noise, Vibration, and Harshness (NVH) control and integration of sensor technologies is a major factor driving the Power Steering Pump market revenue growth. Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) —  The global power steering pump market size was USD 1.74 Billion in 2022 and is expected to register a revenue CAGR of 3.1% during the forecast period, according to latest analysis by Emergen Research. Increasing focus on considering enhanced Noise, Vibration, and Harshness (NVH) control in power steering pump design is a major factor driving the market revenue growth. Manufacturers are employing advanced techniques, such as improved pump rotor profiles, vibration-dampening technologies, and noise reduction measures, to minimize noise and vibration levels. This ensures a smoother and quieter...

Transaction Brings RayzeBio’s Differentiated Actinium-Based Radiopharmaceutical Platform, Including Rich Pipeline of Multiple Drug Development Programs to Bristol Myers Squibb’s Leading Oncology Franchise Lead Program, RYZ101, in Phase 3 Development for Treatment of Gastroenteropancreatic Neuroendocrine Tumors and Early-stage Development for Treatment of Small Cell Lung Cancer and Potentially Other Tumor Types Gains Robust IND Engine and State of the Art Radiopharmaceutical Manufacturing Capabilities PRINCETON, N.J. and SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) — Bristol Myers Squibb (NYSE: BMY) and RayzeBio, Inc. (NASDAQ: RYZB) today announced a definitive merger agreement under which Bristol Myers Squibb will acquire RayzeBio for $62.50 per share in cash, for a total equity value of approximately $4.1 billion, or $3.6 billion...