Growth in the pet population, increasing penetration of pet insurance, pet humanization within the growing global urban population and increased awareness of animal welfare needs due to social media are helping the veterinary industry to maintain growth at 6.2% a year, according to a new market research report.

The global industrial gas market is benefiting from rising consumer demand for freshness in food products, according to a recent market research report. Health-conscious consumers are demanding fewer additives and safer and fresher food products, which increases the demand for industrial gases that can be used in place of chemical ingredients.

The global pharmaceuticals market was worth $934.8 billion in 2017 and will reach $1170 billion in 2021, growing at 5.8%, according to a recent pharma market research report by The Business Research Company.

The global market for clinical trial services to biopharmaceutical, biotechnology, and medical device companies is forecast to grow at 12% year on year up to 2021, according to a new report. That is an acceleration from its rate of 10% up to 2017 which raised its value to $44.4 billion. The businesses that provide outsourcing in clinical trials are CROs.

The US Federal Drug Administration is aiming to cut the time-to-market and the development costs for new drugs. This will help drive the market for biologics — where over 1,000 drugs are currently under development — to 9.6% year-on-year growth from its recent rate of 5.4%.

The global bottled water market did not end 2017 without surprises. After years of strong growth in the USA, bottled water sales surpassed carbonated soft drinks to become the largest beverage category by volume in 2016. 

One of the latest trends involving agrochemicals is an increase in counterfeit pesticides. Fake pesticides are causing significant losses to the pesticides industry.

With the emergence of information and communication technology, companies in the legal industry are rapidly moving towards the process of digitalization. Investor expectations, rising competition, and new regulatory pressures are putting pressure on organizations to digitalize their processes and management.