Installation of Online Automated External Defibrillator Devices at Public Spaces Rising in Italy

The prevalence of cardiac diseases in Italy has been on a rise since the past few years. As per the WHO’s data, deaths caused due to coronary heart disease (CHD) reached 108,924 (20.5% of total deaths), in 2017, in the country. The rising consumption of high calorie food, sedentary lifestyle, and surging prevalence of obesity are leading to the increasing incidence of heart-related ailments. After CHD, most of cardiovascular disease-related deaths have been caused because of stroke and heart failure in Italy. 

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As the response of AEDs, when it comes to saving lives in case of emergencies, is rising, they are widely being installed at public places, including schools and colleges, railway stations, airports, shopping centers, leisure centers, and malls. Also known as public-access defibrillators (PAD), these medical devices can be utilized by anyone in case of a cardiac arrest emergency. Various programs, including the Regional Early Defibrillation Program in Italy, are being initiated to provide information regarding the application of AEDs. 

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It is because of such advantages of fully automatic Italian online automated external defibrillator market that their demand is rising rapidly in the country. AEDs are utilized at hospitals, clinics, & cardiac centers, homecare settings, public access settings, and pre-hospital care and emergency medical service providers. The demand for these devices is projected to increase at public-access settings in the years to come due to the increasing prevalence of chronic cardiovascular diseases, enhancing healthcare infrastructure, and growing number of awareness campaigns conducted by public and private organizations in the country. 

Hence, the market is growing due to the increasing incidence of chronic diseases and rising installation of AEDs at public spaces in the country. 

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Asia-Pacific Pharmaceutical Fine Chemicals Market Set for Prosperity in Near Future

The global pharmaceutical fine chemicals market generated a revenue of $100.3 billion in 2019. According to the forecast of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 6.2% between 2020 and 2030. The rapid growth of the pharmaceutical industry in the Asia-Pacific region and the surging population of geriatric people are the key factors driving the advancement of the market across the world.

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According to the latest World Population Ageing report produced by the United Nations Department of Economic and Social Affairs (UNDESA), globally, there were as many as 703 billion people in the age bracket- 65 years and above in 2019 and this number will rise to 1.5 billion by 2050. Because of their physical weakness and immunocompromised nature, geriatric people are highly vulnerable to various diseases. As a result, the soaring population of geriatric people is propelling the market expansion.

Depending on drug type, the market for pharmaceutical fine chemicals is divided into proprietary and non-proprietary categories. Between the two, the proprietary category is predicted to exhibit faster growth in the market in the forthcoming years. This will be due to the increasing demand for huge capital investments, surging number of research and development (R&D) activities, and the implementation of strict regulations regarding the development and commercialization of these drugs in many countries around the world.

Hence, it can be said with full surety that the market will demonstrate huge expansion all over the world in the upcoming years, primarily because of the surging population of geriatric people and the increasing enactment of strict government regulations regarding drug production and commercialization in various countries.

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Why Are Manufacturers Relying on Biocides?

Biocides refer to microorganisms or chemical substances that intend to deter, render harmless, destroy, or exert a controlling effect on any harmful organism by biological or chemical means. These compounds can act as pesticides, disinfectants, or preservatives for several end-use applications. As the excessive usage of this chemical can be harmful to humans, the biocidal products are regulated under the Biocidal Products Directive of the European Union (EU). Under the 98/8/EC directive of the EU, such products are classified into 22 types, based on their applications.

Owing to the disinfectant property of biocides, these are widely used to treat water and are also applied in the production, storage, and transportation of water. These compounds can act as disinfectants and anti-fouling agents for impeding the growth of harmful organisms like protozoans, viruses, and bacteria. Thus, biocidal products are being increasingly used in Indonesia, China, the U.S., and India, to meet the high requirement for portable water. Therefore, the market for biocides will grow at 4.4% CAGR during 2019–2024, to reach 1,376.6 kilotons by 2024 from 1,062.3 kilotons in 2018.

Across the globe, the biocides market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. The main factor fueling the demand for biocides in the region is the burgeoning requirement of treated water in industrial and residential applications in India, China, and various other Southeast Asian nations. In addition to this, the rising industrial capacity of these nations will further boost the usage of biocidal products in the region in the coming years.

Thus, the burgeoning consumption of consumer goods and the escalating requirement for portable water will propel the adoption of biocides in several end-use industries.

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Why Is Usage of Pour Point Depressants Rising in Automotive Sector?

Crude oil includes wax that has the tendency to solidify within the temperature range of 5–10 oC. High content of n-aliphatic hydrocarbon chains in the crude oil leads to the crystallization of n-paraffin crystals that amplify with reduction in temperature. Formation of paraffin, thereby, reduces the fluidity of oil. To boost the flow of crude oil, lubricant manufacturers use flow improvisers or pour point depressants (PPDs) as chemical additives while transporting such oils at temperatures below which wax starts to appear.

The automotive sector requires the largest quantity of PPDs for the production of lubricants used in vehicles. Largescale manufacturing of automobiles in countries, such as Brazil, India, Indonesia, and Thailand, will assist the market for pour point depressant to advance at a CAGR of 3.7% during forecast period. The market stood at $1,487.2 million in 2016 and has the potential to reach $1,902.3 million by 2023. Apart from this, the lubricant industry also deploys a significant volume of PPDs as they prevent the formation of wax crystal in oil, at low temperatures.

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The automobile, lubricant, and oil & gas industries are increasing their focus on research and development (R&D), on account of the advancements in technologies, to innovate novel process for utilization of PPDs to enhance the quality of lubricants and crude oils. Moreover, the rising investments by these sectors for the development of polymethacrylate and styrene ester-based PPDs will improve the characteristics of depressants. Hence, the expansion of these end-use industries will lead to the development of enhanced PPDs, across the globe, in the coming years.

Thus, with the rising production of vehicles and the expanding oil & gas sector, the application and demand for PPDs will rise in the foreseeable future.

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U.A.E. E-Commerce Automotive Aftermarket To Grow by 14.8% during 2020–2025

A number of factors, such as the increasing number of do-it-yourself (DIY) customers, growing customer convenience and awareness, surging vehicle sales, and rising number of road accidents, are projected to boost the growth of the U.A.E. e-commerce automotive aftermarket at a CAGR of 14.8% in the forecast period (2020–2025). At this growth rate, the market size is expected to reach$634.4 million by 2025from $318.2 million in 2020. Moreover, the government initiatives to drive the e-commerce sector and rise in the digitization rate in the country propel the market growth.

The primary factor improving the U.A.E. e-commerce automotive aftermarket growth prospects is the rising customer convenience and awareness. The availability of several products, easy transaction, timely delivery as per consumers’ need, and extensive offers and discounts on e-commerce portals result in a shift from buying parts from traditional stores to online parts purchasing. Thus, several sellers are now trading their automotive parts online, for better accessibility. Also, the portals offer wide-ranging product details to allow customers to understand the specifications and compare products of a similar kind.

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Additionally, based on component, the product segment of the U.A.E. e-commerce automotive aftermarket is classified into car parts, lubricant, battery, and tire. Among these, the tire category accounts for the largest share, and it is projected to lead the market in the coming years. This can be ascribed to the increasing demand for sport utility vehicles (SUVs) for off-roading activities and various leisure and transportation purposes, due to the rising number of tourists in the country. This drives the demand for tires, and in turn, propels the market growth in this category.

Key players in the U.A.E. e-commerce automotive aftermarket have been involved in several strategic measures, like partnerships and acquisitions and launch of products, services, and websites, to improve their position and stay ahead in the market. For example, MasterCard Inc. and Amazon.ae announced their partnership to enhance the shopping experience of customers in the country and increase their online orders by offering different discounts on the products, in October 2020. Some other key players in the market include AKSA Trade LLC, Noon.com, AutoPlus Dubai, Ubuy.com, Carrefouruae.com, and Ebay.com.

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Thus, the rising customer convenience and awareness regarding online parts purchasing and the expanding DIY culture in the U.A.E. are expected to propel the growth of the market during the forecast period.

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How is Increasing Popularity of Minimally Invasive Blood Drawing Procedures Fuelling Growth of Lancet Market?

 The rising prevalence of chronic diseases is one of the major factors propelling the demand for lancets across the world. There has been a huge increase in the occurrence rate of chronic obstructive pulmonary disease (COPD), diabetes, cardiovascular diseases (CVDs), and cancer across the globe over the last few years and this has considerably boosted the need for minimally invasive blood-drawing medical devices such as lancets. According to the World Health Organization (WHO), more than 235 million people around the world are suffering from asthma and 3 million deaths are caused each year, due to COPD.

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In healthcare settings, the lancets are used for coagulation testing, glucose testing, and hemoglobin testing. Out of these different testing applications, lancets registered the highest usage in glucose testing applications in 2019. This is mainly attributed to the rising number of diabetics across the world. According to the World Health Organization (WHO), almost 422 million people are suffering from this endocrine disorder across the globe and around 1.6 million die globally each year because of diabetes. Lancets are very important in managing diabetes, as these devices are used for measuring the blood glucose level. 

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Across the world, the Asia-Pacific (APAC) region is expected to register the fastest growth in the adoption of lancets in the near future. This is primarily ascribed to the soaring geriatric population, improving healthcare infrastructure, rising prevalence of chronic diseases, increasing number of initiatives and measures being taken by the various public and private companies and organizations for increasing the awareness amongst the people about diabetes, and the rising spending power of the people in the region. For instance, as per the WHO, 90% of around 6 million diabetics in Southeast Asia are suffering from type 2 diabetes. 

Thus, it can be concluded that due to the rising incidence of chronic diseases especially diabetes and the ballooning popularity of minimally invasive blood drawing medical devices, the demand for lancets will rise significantly across the world, over the next few years. 

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Why is Personal Protective Equipment Industry Booming?

The implementation of strict regulations and policies regarding occupational safety and health in several countries in the recent times has positively impacted the sales of personal protective equipment. Moreover, with the outbreak of the COVID-19 pandemic and the rising awareness among people about personal safety, the demand for personal protective equipment is growing massively across the world. In many countries, the rising incidence of workplace fatalities, especially in the manufacturing sector, is rapidly becoming a major concern.

In the U.S., the Occupational Safety and Health Administration (OSHA) has laid down several codes of federal regulations (CFR), which make it mandatory for the employers to enact stringent safety regulations in their workplaces for protecting their employees from various hazards that can cause deaths and injuries. The prominent CFRs include the usage of head protection, face and eye protection, electrical protective equipment, hand protection, and foot protection. The non-compliance of these regulations can attract huge fines and penalties. 

Due to the aforementioned reasons, the sales of personal protective equipment are rising sharply all over the world, which is, in turn, causing the expansion of the global personal protective equipment market. Oil and gas, manufacturing, transportation and logistics, and construction are the major industries in which these protective tools are heavily required, as per the findings of P&S Intelligence, a market research firm based in India. Globally, the sales of these instruments are significantly high in the U.S. 

Thus, it is quite clear that due to the growing enactment of stringent workplace safety regulations and policies in several countries, the rising public awareness of personal safety, and the outbreak of the COVID-19 pandemic, the demand for personal protective equipment is rising at a rapid pace throughout the world. 

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