European Union Point-of-Care Ultrasound Device Market Set for Prosperity in Future

One of the major factors propelling the surge in the demand for point-of-care ultrasound (PoCUS) devices in the European Union (EU) is the increasing prevalence of lifestyle-related and chronic diseases, such as cancer and cardiovascular diseases (CVDs), in the region. As per the European Society of Cardiology, in 2017, the deaths caused due to CVDs came out to be 37% of the total deaths in the EU. The World Health Organization (WHO) had estimated the number of deaths caused by cancer to reach 1.4 million in the EU by the end of 2019, though the actual number might have been higher.

The soaring geriatric population in various countries in the EU is also massively pushing the demand for PoCUS devices. For instance, primary care physicians employ the use of these devices for non-invasively evaluating urinary incontinence in elderly people, screening patients for abdominal aortic aneurysm (AAA) and prostatic enlargement, and assessing cardiac function in outpatient settings. Driven by these factors, the EU PoCUS device market is projected to generate $230.9 million by 2024, growing with a 6.1% CAGR during 2019–2024 (forecast period).

In the EU, the highest adoption of PoCUS devices was witnessed in Germany in 2018. The main factors responsible for the high adoption rate of these devices in Germany are the  increasing prevalence of chronic diseases, mushrooming number of hospitals and diagnostic centers, and the rising healthcare expenditure in the country. Moreover, the country is home to a surging geriatric population, around 28.0% of its total population in 2017, according to the United Nations World Population Ageing Report, which is causing a huge surge in the demand for PoCUS devices, and thus the EU PoCUS device market advance in the country.

Therefore, it can be concluded that due to the rising prevalence of chronic diseases, soaring geriatric population, and rapid technological advancements in electronics, computing applications, and transducers, which have revolutionized ultrasound devices over the last few years, the demand for PoCUS devices is set to witness a huge surge in the coming years.

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What is development driving components of Conductive Polymers industry?

In 2017, North America was the largest revenue contributor to the conductive polymers market, with more than 55.0% share. Due to the continuous advancements in technology for the upgradation of electronic products by key players, the market grew steadily in the region. Conductive polymers have a wide application area, owing to their numerous benefits, such as electromagnetic shielding of electronic circuits, the potential to be used as anti-static coating material to hinder the electrical discharge exposure on photographic emulsions, and possession of optical and electronic properties generally associated with inorganic compounds and metals. 

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Conductive polymers have a large scope in the electrical and electronics industry, owing to the increasing consumer demand for technologically advanced products. There has been a rise in the demand for displays, flexible and wearable electronics, and other inorganic semiconductors. Further, the demand for lightweight and high-performance materials for electronic items, such as laptops, cell phones, and gadgets, is also rising. Across the globe, the U.S., China, and Japan dominated the manufacturing of these products, thereby driving the conductive polymers market. 

The global conductive polymers market is growing due to the increasing preference for lightweight and high-performance electronic products, as well as a growing demand for polymers in a wide range of applications. Conductive polymers, in simple terms, are organic polymers, through which electricity flows easily. These polymers can act as both metallic conductors and semiconductors.

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The economy of emerging nations is driven by increased foreign direct investments in different sectors, particularly in industrial manufacturing. Rapid industrialization in these nations in the last few decades has brought a significant change in the use technology to increase the production of goods. Some of the major industries witnessing rapid technological advancements include electronics and automotive, in which these polymers are widely used. 

With the rapid growth in the sales of automobiles and electronic products in emerging economies, the demand of these polymers is expected to increase during the forecast period, creating growth opportunities in the conductive polymers market.

EMI shielding refers to the protection against electrostatic discharge (ESD) of electronic devices. The effects of electromagnetic interference are becoming more and more pronounced, caused by the demand for high-speed electronic devices operating at higher frequencies; intensive use of electronics such as computers, communication equipment and cars; and the miniaturization of these electronic devices.

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What are the snags being developed to fire extinguishers showcase?

The global fire extinguishers market is projected to reach $6,452.3 million in 2023, attaining a CAGR of 6.2% during forecast period 2017–2023. The market is expected to grow owing to the implementation of stringent fire safety norms and growing construction activities. A fire extinguisher is a cylindrical device that is made up of a pressure vessel that contains carbon dioxide, water, dry powder, or foam, which is sprayed on a burning substance to kill the flames. 

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For many years, the fire extinguishing technology remained stagnant. However, solutions based on new and improved technologies are now making it to the fire extinguishers market. Advanced products such as sound-based fire extinguishers are expected to cause a revolution in the fire-fighting domain across the globe. Sound-based fire extinguishers work by producing acoustic waves that intensify the air velocity, limiting the boundary layer of the combustion source. The fuel surface is interrupted by these acoustic waves, leading to a series of events which ultimately puts out the fire by restricting the combustion. 

Developed countries such as Canada and the U.S. and several in Europe have strict fire safety norms which mandate the installation of fire extinguishers in residential, commercial, and industrial facilities. Thus, the demand for fire extinguishers is quite high in these places. With increasing construction activities in emerging economies, such as Brazil, China, and India, the sale of extinguishers would increase owing to stringent fire-safety norms. The fire extinguishers market is expected to experience a boom during the forecast period due to growing awareness on fire safety in developing countries. 

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Another driving factor for the market is the rapidly increasing construction activities across the globe. High-income nations, such as Saudi Arabia, Japan, the U.S., and the U.A.E., are investing in modernizing their infrastructure. Similarly, emerging economies are also investing to build better infrastructure facilities for both residential and commercial purposes. To ensure safety from accidental fires in the upcoming construction projects, the installation of fire extinguishers has become compulsory, which is aiding in the fire extinguishers market growth. 

The market is segmented by region, portability, end user, and product type. Based on portability, the market is classified into trolley mounted and portable firefighting equipment. The former type is majorly used in large warehouses and industrial plants, whereas the latter has a more versatile application area. Owing to its better performance and less response time, portable firefighting equipment is expected to advance at a higher rate during the forecast period.

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Flourishing End-Use Industries Taking Cleanroom Consumables Market Forward

Growing at a 4.7% CAGR during the forecast period (2016–2022), the cleanroom consumables market is predicted to reach $10,933.4 million by 2022 from $7,938.7 million in 2015. Cleanroom consumables are specifically designed to be used in cleanroom facilities, such as laboratories, for scientific and industrial research and microprocessor and pharmaceutical manufacturing. The consumables include adhesive mats, cleanroom apparel, gloves, cleanroom hoods, cuff sealers, face masks, shoe and boot covers, wipes, bouffant caps, and beard cover. Cleanroom consumables help in manufacturing products with minimal chances of contamination.

The cleanroom consumables market is witnessing growth due to the flourishing biotechnology and pharmaceutical industry, which is one of the most significant users of these products. As the products manufactured by this industry have a direct effect on human health, their contamination-free manufacturing is of extreme importance. To ensure this, several guidelines under the Good Manufacturing Practices (GMP) are followed, which mandate the use of cleanroom consumables in manufacturing as well as handling these products. GMP-complied products are easily allowed for export, which, in turn, is influencing the sales of these consumables.

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The demand for such products from the electronics industry is also instrumental in driving the cleanroom consumables market growth. Technological advancements have led to the development of hi-tech products, which are used in various applications. For instance, the development of an integrated circuit (IC), which consists of numerous capacitors, resistors, and transistor circuits, has revolutionized the industry. These circuits are extremely small in size and are crucial for the proper working of the equipment. They need to be maintained dust and contaminant-free, thereby necessitating the use of cleanroom consumables in manufacturing.

Therefore, the market for cleanroom consumables is expected to witness significant growth during the forecast period due to the expanding end-use industries.

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What are the Methionine driving sellers quality through SWOT and PESTEL consider?

The global methionine market is witnessing growth due to the increase in poultry consumption. Population growth, improvement in disposable income, shifting dietary preferences, and lower bird meat prices compared to other meats are responsible for the surge in poultry consumption. According to the data published in the Global Poultry Trends, the meat consumption per person will be 14.9 kg in 2023. Additionally, industrial countries are consuming double the amount of meat than developing countries. 

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Methionine has become quite important in commercial poultry diet, as it helps in performance, growth, and development of the digestive tract of animals. It also plays a significant role in increasing the muscle mass, feather development, and improving egg production in poultry animals. These benefits associated with the amino acid are resulting in the increasing demand for it in the poultry sector, thereby driving the growth of the methionine market.

To meet the growing demand for animal feed enriched with the amino acid, the prominent players in market are extensively investing in research and development and expanding their production facilities. For instance, Sumitomo Chemical established a methionine manufacturing facility in Shikoku, Japan in December 2016, with a production capacity of around 100,000 metric tons per year. Similarly, Evonik Industries AG, a Germany-based chemical company, began building a methionine manufacturing facility in Singapore that is slated to become operational in 2019.

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The increasing population and improving economic status have resulted in a shift in dietary preferences of people across the world. Growing poultry consumption is one of the major factors that has impacted the need for animal feed and research activities in the methionine domain. Methionine is an essential amino acid, which is added to commercial poultry diet. It is responsible for feather development, growth, improved egg production, and increased muscle mass in poultry animals.

To keep up with the growing requirement of the poultry niche, key players in the methionine domain are investing heavily in expanding their production facilities. For instance, a Germany-based chemical company, Evonik Industries AG, invested in a methionine manufacturing facility in 2016 that is slated to become operational in 2019. Similarly, in December 2016, Sumitomo Chemical established a factory, boasting a production capacity of 100,000 metric tons of methionine annually, in Shikoku, Japan.

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Aortic Valve Market and its Growth Prospect in the Near Future

The insulin delivery device market size is projected to reach $15.6 billion by 2022, growing at a CAGR 6.6% between 2016-2022.

The increasing prevalence of diabetes, growing geriatric population, increasing prevalence of obesity, technological of drug delivery devices and increasing awareness of diabetic care are driving the growth of the market.

In terms of type, the insulin delivery device market is segmented into insulin pen, insulin syringe, insulin pump and others. The insulin pen segment accounted for the major market share in the global market in 2015, and the insulin pump segment is expected to witness the highest growth during 2016-2022.

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Insulin pen needle has single use, although many diabetic patients re-use needle for delivery of insulin. The re-use of needle could lead to bacterial growth on the needle, risk of lipohypertrophy and risk of breaking fine tip of needle. Similarly, the risk associated with jet injectors are accuracy of insulin dosage and improper injection. Improper injection of insulin can lead to altered absorption level of insulin in the blood stream and bruising. Hence, these risks and complications associated with delivery devices are inhibiting the growth of the insulin delivery device market.

Some of the key companies operating in the insulin delivery device market include Novo Nordisk A/S, Medtronic PLC, Abbott Laboratories, Eli Lilly and Company, Insulet Corporation, Sanofi S.A., Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd., Animas Corporation, B. Braun Melsungen AG, and Ypsomed Holdings AG.

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Surgical Site Infection Market Will Led to Huge Growth and Share in Near Future

The surgical site infection market is growing on account of a rise in the volume of surgeries and resulting infections, growing geriatric population, and advancements in technology. The domain size, which was $4.0 billion in 2017, is expected to grow to $5.9 billion by 2023 at a CAGR of 6.4% during 2018–2023 (forecast period). By definition, the market includes all the equipment and procedures used to prevent or treat surgical infections. On the basis of phase, the market can be divided into preoperative, intraoperative, and postoperative.

Across the globe, the domain is advancing due to the growing volume of surgeries and rising incidents of SSIs. According to the World Bank, 30,537 surgeries were done per 100,000 people in the U.S. in 2012, while the number for Australia stood at 28,907 per 100,000 people. Now, a lot of surgeries, even though all preventive measures are taken, result in infections. As per the European Centre for Disease Prevention and Control, between 2013 and 2014, of the 967,191 surgeries performed in Europe, 18,364 resulted in infections. Thus, with the growing number of surgeries in the future, the incidents of infection will also increase, taking the SSI market forward.

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Now, one of the primary reasons the volume of surgeries is growing is the increase in geriatric population. As the elderly are more prone to diseases requiring surgical intervention, a rise in their population will automatically propel the number of surgeries performed. Further, aged people are also more susceptible to infections on account of their low immunity, which is why such people would be another primary growth driver of the surgical site infection market during the forecast period.

Globally, North America contributed the highest revenue share (38.4%) to the domain in 2017, owing to a growing awareness about SSIs, presence of a large number of SSI product manufacturers, and developed healthcare infrastructure. While the continent will still lead the SSI market during the forecast period, Asia-Pacific will witness the fastest growth, at a 7.7% CAGR. This can be attributed to the increase in geriatric population, improvements in healthcare infrastructure, rising incidents of such infections, and penetration of advanced products for SSI prevention and management.

Therefore, it is clear that the growth in geriatric population will result in an increase in the number of surgeries, which will further the market for SSI across the world.

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