Global prescription-drug sales are forecast to reach $1,017 billion by 2020, for an average annual growth rate of 5.1% between 2013 and 2020. Generic drugs are expected to account for 10.5% of the prescription-drug market by 2020, up from 9.6% in 2013. Biotechnology products’ share of the market is forecast to increase from 22% last […]
Based on public company data, revenues for biotech companies in established biotech centers (defined as the US, Europe, Canada and Australia) grew 10.1% last year to $98.8 billion. However, nearly all of this growth was due to 17 US “commercial leaders” (defined as firms with over $500 million in sales). Total biotech R&D spending rose […]
Although many medical schools are now offering genomic sequencing to patients with rare diseases, insurance reimbursement is still doubtful. The Medical College of Wisconsin has sequenced over 36 whole genome and 400 whole exomes. Baylor College of Medicine has sequenced 3,500 exomes and reported that of 250 cases of whole-exome sequencing, the genetic cause of […]
Oncology is a dynamic and diverse market. In 2017, oncology is estimated to lead all therapeutic areas in medicine spending (excluding supportive care) by developed nations, with revenues of $74–$84 billion. In pharmerging nations, it will to be the fourth-largest area, with $17–$20 billion in revenues. In 2013, global sales of oncology drugs totaled $37.2 […]
To address climate change, the EPA has proposed guidelines for states in developing plans to reduce greenhouse gas (GHG) emissions from fossil-fueled electric-generating units (EGUs). The guidelines are based on state-specific rate-based goals for carbon dioxide emissions from power plants. Carbon dioxide accounts for 82% of US GHG emissions. The rule is designed to reduce […]
Use of renewable energy continued to grow in 2013. In 2013, biomass represented around 10% of global primary energy supply. In the power-generation market, bio-power added 5 GW of capacity last year, bringing the total to 88 GW, and solar-photovoltaic capacity increased by 39 GW to 139 GW. Capacity also increased for the other categories […]
Genetic testing is becoming standard at cancer hospitals in order to advance drug trials and treatment. In the latest example, Quest Diagnostics and Sloan Kettering are partnering to screen patients, aiming to test for 341 genes in 2015. Although the test will cost $4,000, patients will not pay the full amount. Sloan Kettering intends to […]
The annual R&D survey conducted in March and April by Food Processing found that among 215 respondents, half engaged in open innovation. New product development will be the top priority this year for 39% of companies. R&D budgets remained about the same compared to last year for 47% of respondents, while 23% reported increases and […]
In late 2013, the Tufts Center for the Study of Drug Development studied personalized medicines in the stages beyond Phase II trials. The information used was compiled from commercial databases, public sources and the Center’s own database. Out of 580 identified products, 66 were likely to be marketed as personalized medicines on approval, although a […]
The EPA proposed this month more stringent restrictions on emissions from the 149 petroleum refineries in the US. The new rule would require monitoring of air at refinery fencelines to ensure compliance with standards. Coking units, tanks and flares would be subject to increased emission-control requirements, and the operational requirements of flares would be adjusted […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.

