Hepatitis Therapeutics Market To Reach USD 25.8 Billion By 2025: Hexa Reports

1The Global Hepatitis Therapeutics Market is expected to reach USD 25.8 billion by 2025 according to a new report by Hexa Reports. The key factors driving market growth include the rising number of infected population, growing consumption of alcohol & drugs, increase in global geriatric population, and improvement in access to hepatitis medicines.

Hepatitis is generally classified into two types based on the duration for which the patient suffers. If the condition lasts for less than six months, then it is classified as acute, when the condition persists for more than six months, then it is a case of chronic hepatitis.

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The population at a greater risk of hepatitis include people with HIV infection & HCV-infected sexual partners, who inject drugs & use intranasal drugs, recipients of infected blood products, and other population groups who live in unhygienic conditions.

According to the WHO, globally around 400 million people are infected with at least one form of hepatitis and every year nearly 1.4 people die due to the condition. Various government and private agencies are actively involved in the vaccination drive to prevent hepatitis. Hepatitis C leads to more serious complications compared to hepatitis A and B. As per WHO estimates, nearly 150 million are impacted by hepatitis C infection globally. Moreover, a significant number of hepatitis C patients develop liver cancer or liver cirrhosis and nearly 700,000 people die due to hepatitis C infection & associated conditions.

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Further key findings from the report suggest:

  • Due to very high prevalence of target disease coupled with subsequent increase in the treatment rate Hepatitis C accounted for the majority market share of 75.6% in 2016
  • In 2016, North America held the largest share of nearly 42.9%. The key factors attributed to the regions high share include high patient awareness levels and the presence of advanced healthcare infrastructure.
  • Asia Pacific is anticipated to witness the maximum growth with a CAGR of 5.8% over the forecast period. High economic development coupled with rapidly increasing healthcare expenditure are amongst key factors attributing to the regions high growth rate.
  • Key players include Gilead, Merck & Co. Inc., Johnson & Johnson, Bristol-Myers Squibb Company, and AbbVie Inc.

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Computer Aided Engineering (CAE) Market To Reach USD 12.8 Billion By 2025

The Global Computer Aided Engineering (CAE) Market is anticipated to reach USD 12.8 billion by 2025, according to a new report by Hexa Reports. Rapid growth of wearable industry is likely to increase the use of CAE software in the electronics industry. The major players in the market are in search for new sources for revenue as the smartphone market is in the maturity stage. As a result, the demand for wearable technology has increased the demand over the forecast period.

1The growing penetration of IoT, tablets, and smartphones are expected to boost the CAE market growth. Owing to the growth of IOT, wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment, and gaming, are increasing; paving way for growth of the CAE market. Miniaturization of electronic devices and sensors and persuasive connectivity with lowered costs have immensely contributed to the growth of wearable technology devices.

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Governments regulations, mandating applications, such as collision avoidance, parking assistance systems, wireless communication technology, and interactive infotainment systems, in the upcoming car technologies to increase driver safety, are anticipated to raise the demand of CAE software. Additionally, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are further anticipated to boost the industry demand.

The emerging new engineering modes such as 3D printing, building information modeling, concurrent engineering is likely to influence the CAE market. 3D printing is a form of additive manufacturing that allows the users to print any object as a 3-D image. The technology helps in reducing production costs and developing new methods of production. Ease of use and unlimited customization capabilities are the key factors driving the 3D printing market which is further expected to positively impact the computer aided engineering market demand.

The prevailing open source software are anticipated to restrain the market growth over the projected period. They are available for free on the web; however, the vendors charge for support, customization, and maintenance services. Linux has been leading the open architecture software market. Open source software has been a boon for small software vendors, due to which, the large enterprises have been facing negative impacts. The major drivers of open source technology are the minor flaws and bugs that can be tested and fixed immediately.

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Further key findings from the report suggest:

  • The intellectual property protection of a software is crucial, as most of the modern manufacturing organizations rely on computer technology
  • The computational fluid dynamics segment is anticipated to witness high growth rate over the forecast period
  • Testing and simulation are the important aspects of a design cycle that help the end-users in achieving profitability and faster time-to-market
  • The On-premise segment dominated the market in terms of revenue in 2015 and is anticipated to remain dominant over the projected period
  • Simulation software are used to analyze the effect of casing materials on IC performance, thermal management, and electrical signal performance
  • The increasing adoption of lithium-ion batteries in consumer electronics application will also enhance the industry demand over the projected period
  • Asia Pacific and Latin America are poised to emerge as lucrative regional markets over the forecast period
  • The key players of the market include Siemens AG (Germany), Exa Corporation (U.S.), MSC Software Corporation (U.S.), ESI Group (France)

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