In 2020, the demand for tuberculosis biomarkers faced a minor decline due to the Covid-19 pandemic. As the condition is recovering in 2021, the market players are upgrading their business operations by adopting innovative ways that attracts customers to regain their earlier positions in the market.
In 2021, rising government initiatives and efforts to create awareness regarding proper checkup and medication for tuberculosis contributes to add lucrative progress.
At present, the prevalence of multidrug-resistant tuberculosis and deaths caused worldwide due to this is creating a strong urge for tuberculosis biomakers. Growing use of biomarkers in personalised medicines as well as drug discovery & development is acting as a key trend favouring the growth.
Key players in 2021 are engaged in several strategic initiatives includingmergers & acquisitions, collaborations, joint ventures, partnership agreements, research & developments, product modifications, technological advancements, upgradations etc to lead the market. Innovative launches to create distinction is the most profitable strategy in 2021.
For instance, Otsuka Corporation has been conducting a research since the last two year to develop and introduce next-generation tuberculosis drug candidate called OPC-167832. In 2021, the drug is undergoing initial trials in South Africa to confirm its safety and efficacy throughout the world. OPC-167832 is believed to kill tuberculosis bacteria through a mechanism that inhibits the activity of enzymes that are essential for synthesizing mycobacterium tuberculosis cell walls. The mechanism of this drug completely differs from the existing TB drugs including Deltyba. The company is still engaged in tuberculosis R&D to establish innovative treatment methods. Such innovative introductions are leading to create a strong position of the company among the customers.
On the other hand, Danaher Corporation developed new rapid molecular test for tuberculosis on July, 2020 called as ‘Xpert MTB/ XDR’ test which enables expanded drug resistance TB profiling in less than 90 minutes. This test enables the clinicians to quickly prescribe treatment regimens for extensively drug-resistent TB (XDR-TB). The test is resisant to multiple first and second-line TB drugs and is currently filling a critical gap that is jeopardizing global TB targets. In 2020, company continued to invest in research activities despite major losses suffered due to the pandemic.
According to a recent report given by World Health Organisation in 2020, the growing number of tuberculosis cases are from Asia Pacific which is surging the growth of this market. Asia Pacific is dominating the global market for tuberculosis biomarkers in 2021 on account of rising cases of tuberculosis among people as well as presence of leading manufacturers in this market.
Turbidity is a defined as a measure of the degree to which the water loses its clearness due to the presence of different kinds of particulates that are invisible to the naked eye. Various kinds of turbidity equipment, such as turbidity meters, are witnessing increased adoption in breweries and water treatment plants, owing to their umpteen benefits in measuring the water quality. Turbidity equipment are widely used to provide an estimation of the Total Suspended Solids (TSS) concentration, which is otherwise a lengthy, tedious and difficult parameter to measure. Growing pervasiveness of water pollutants is fueling growth in the turbidity equipment market.
Low cost of turbidity equipment is accelerating the growth in the turbidity equipment market. As turbidity meter operates as a single device for multiple product types, this equipment saves the significant costs associated with using other devices. Additionally, the growing adoption of turbidity equipment in automated measuring processes cuts the spending on labor-intensive tasks, and saves the cost of the company, significantly. These factors are fueling growth in the turbidity equipment market.
Turbidity equipment stakeholders are rapidly incorporating advanced technology to limit the reliance of turbidity equipment on steady battery supply or main supply. This dependency on batteries has been hampering the adoption of turbidity equipment in offshore industrial process management, as batteries could run out any time. However, sales of turbidity meters are likely to remain concentrated on account of constant innovative manufacturing initiatives, wide water treatment applications and rising penetration of smart variants in the turbidity equipment market.
Turbidity has been adopted as an imperative process across several industries, primarily employed in gauging the water quality. It has evolved as an integral part of water quality maintenance and its surging demand across several industries is fostering the growth of turbidity equipment market. Industries make use of water-based processes in numerous applications which may include filling, cooling, processing, heating, cleaning or rinsing. Those industries also make frequent use of water treatment methods like turbidity to enhance the process efficiency and reduce operating costs and risks involved.
By deploying a smart system of high-precision analyzers including turbidity meters and other competent methods of chemical dosing and filtration, municipal water treatment systems are able to keep a remarkable check on the water quality. This, in turn, is amplifying the growth of turbidity equipment market. Rampant changes in turbidity is considered to be a reliable signal conveying advent of a new pollution source, thereby swelling demand for turbidity equipment meters. Food and beverages stands out a prominent domain seeking the use of turbidity equipment. It is used as a reliable indicator of insoluble and unwanted matter in the water used in production, bottling and cleaning processes. This, in turn, is poised to magnify the growth ambit of turbidity equipment market.
An equipment which is used to examine and determine the amount of opacity or cloudiness in a solution is known as turbidity meters. This opacity triggered due to existence of suspended particles which are finely separated and throw light during the passing of beam. The incident light disseminates in diverse direction, depending upon their composition & size and shape. These incident lights then gathers with the help of various detectors which are placed at several orientation. Relatively huge and heavier particles do not permit incident light to move forward and disseminate fewer radiation than as against the tiny particles. Total suspended solids and turbidity are significant indicators to monitor purity and quality of liquid.
Turbidity Meters Equipment Market- Drivers and Restraints
Turbidity meter equipment market is likely to grow significantly due to rising consumption of turbidity meter equipment for sewage and water treatment. The key utilization of turbidity meter equipment is in quality testing. In a bid to ensure secure and safe water quality for the consumption of public, strict environmental rules are made in several countries which is fuelling the growth of turbidity meters equipment market. Moreover, apart from these environmental regulations, turbidity meters equipment market is growing due to rising demand from pharmaceutical, chemical and paint manufacturers to analyze and evaluate filter performance and recognize filter breakthrough. Similarly, flourishing industry of food & beverages is likely to generate sustainable and constant demand for turbidity meters equipment market due to remarkable dependence to check proportion and purity. Nevertheless, due to existence of alternative integrated solutions in the industry, the market for turbidity meters equipment is restrained.
Turbidity Meters Equipment Market- Regional Outlook
Europe and North America are two developed regions which are grabbing maximum revenue share throughout the projected period. The growth of the market is mature in these two regions in terms of demand and consumption. In the US the growth of the market is remarkable due to increasing sales of turbidity meters which are portable in nature for the applications such as sewage treatment and pharmaceutical. The flourishing food & ecosystem and chemical manufacturing is boosting the sales of turbidity meters equipment market in the Asia-Pacific region with remarkable market growth in China, India and other ASEAN countries. With tremendous demand for laboratory and clinical uses, moderate sales of turbidity meters equipment in Japan is likely to create a positive impact on turbidity meters equipment market. Middle East and Africa (MEA) and Eastern part of the Europe turbidity meters equipment market is likely to witness comparatively higher sales of units due to effective way of investment in public infrastructure and health. Market for turbidity meters equipment in Latin America is anticipated to witness comparatively higher volume and value growth due to blooming pulp & paper production in the region.
Turbidity Meters Equipment Market- Key Vendors
Emerson and Palintest (Halma plc), Thermo Fisher Scientific, Emerson, Turner Designs, Merck KGaA, LaMotte Company, VELP Scientifica, HF scientific, GF Piping Systems, Watts Water Technologies, Inc, Tintometer GmbH, and Hanna Instruments, Inc. are some of the key players functioning in the turbidity meters equipment market.
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