Fire Pump Market : Notable Developments & Geographical Outlook 2021 to 2030

As manufacturing industries expand, fire hazards at industrial sites have heightened in equal proportion. The risks of fire outbreaks are especially high across chemical manufacturing, petroleum extraction and oil & gas industries. According to estimates by the International Association of Fire and Rescue Services, there were more than 1.3 million cases of fires reported in the United States and nearly 3 million cases in France respectively. Furthermore, fire hazards resulted in direct economic losses amounting to US$ 23 billion as of 2016. On the back of these trends, the demand for fire pumps across these sectors is anticipated to be the maximum in the next half-a-decade’s forecast period.

Governments are enforcing stringent fire safety regulations across factories and making it mandatory for all industrial plants to have proper fire escape and firefighting facilities. To this end, countries such as the United States are appropriating their budgets to install fire pumps across industrial and household sectors respectively.

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Fire Pump Market- Competitive Landscape

Some prominent market players in the fire pump market include Xylem Inc., Grundfos Pumps Corporation, Pentair Ltd, CET Fire Pumps Mfg Inc, Eaton, Waterous, NAFFCO, Armstrong Fluid Technology and Canariis Corporation. Acquisition of certifications, product launches and research and development are the key expansion strategies resorted to by the vendors.

For instance, CET Fire Pumps Mfg Ltd., manufactures the PFP-9HPNHND-EM High-Volume Portable Fire Pump, the PFP-9HPHND-M and PFP-9HP-DSL pumps. Likewise, Waterous manufactures the PB18 and E500 portable fire pumps.

Electric Fire Pumps to Tower over Others due to Cost & Operational Benefits

In terms of operating power, electric fire pumps will gain the higher ground in comparison to other pumps such diesel pumps. A key differentiator between electric and diesel pumps is the cost factor, with the former proving comparatively more inexpensive than the latter.

While electrical pumps require dedicated servicing and may have high electrical costs, diesel pumps require constant inspection of its batteries, oil intake, cooling system, engine and hose maintenance, in addition to a weekly run test.

This puts electric pumps at a higher pedestal, leading to heightened demand across the upcoming forecast period.

Oil & Gas Spearheads Global Fire Pumps Market due to Increased Fire Hazard Vulnerabilities

When it comes to fire hazards, there is probably no industry which is as vulnerable as the oil & gas industry. While undertaking exploration and drilling activities, workers are constantly at the risk of severe injuries from fires induced by explosions due to ignition of flammable vapors or gases.

Volatile gases such as hydrogen sulfide are released from trucks, wells, production and surface equipment.When in close proximity to ignition sources such as cigarettes, lightning, static electricity, matchsticks, lighters, frictional heat and cutting and welding tools, these can easily vaporize and catch fire.

Global Fire Pumps Market: Regional Insights

Amongst all the regions profiled in this report, the North American fire pumps market is expected to remain the hegemon throughout the forecast period. Growth is majorly attributed to a rise in fire accidents across the industrial and residential sectors.

According to the National Fire Protection Association, in 2018, the U.S fire departments responded to approximately 1.3 billion fire incidents, which resulted in over 3,500 civilian fatalities and over 15,000 injuries.

A loss of US$ 25.6 billion in property was recorded, most of them arising from the Californian wildfires. This has prompted government agencies to augur their spending on fire safety measures.

Significant growth opportunities exist in the Asia-Pacific region, with South Asia recording the highest number of industrial and residential fire hazards. Most of these incidents occur in India and Bangladesh.

COVID-19 Induces Sluggishness in the Short-Run, Growth to Rebound in the Long-Run

The COVID-19 pandemic has adversely affected the industrial automation & equipment industry, which also incorporates the fire pumps market within its ambit.

Several fire pump manufacturers have recorded a slump in their sales and production due to ceasing business activities induced by mandatory social distancing protocols. Employees are being encouraged to remain indoors, leading to limited production on-site.

Logistical impediments are rendering it difficult for factory workers to travel to their workplace, inducing further downturns in the market. Governments have realized the importance of firefighting and have been taking measures to ensure that the market functions without hindrances.

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Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

  • The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
  • The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
  • The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Fire Pump Market Segmentation:

By Power for Operating 

  • electric fire pumps
  • diesel fire pumps
  • steam turbine
  • dual fire pumps

By Product Type

  • horizontal split case
  • vertical split case
  • vertical in line
  • vertical turbine
  • end suction

By Application

  • irrigation
  • sludge handling
  • wastewater
  • boiler feed
  • stormwater handling
  • others

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Propylene Glycol Methyl Ether Market 2021 Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth by to 2028

The market report envelopes an all-in information of the global Propylene Glycol Methyl Ether market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Propylene Glycol Methyl Ether market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Propylene Glycol Methyl Ether market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Propylene Glycol Methyl Ether market.

Key segments covered in the global Propylene Glycol Methyl Ether market report by product type include

  • PM (Propylene Glycol Mono Methyl Ether)
  • DPM (Dipropylene Glycol Mono Methyl Ether)
  • TPM (Tripropylene Glycol Mono Methyl Ether)

The Propylene Glycol Methyl Ether market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

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By application, the global Propylene Glycol Methyl Ether market consists of the following:

  • Chemical intermediate
  • Solvent
  • Coalescing agent
  • Coatings
  • Electronics
  • TFT-LCD Manufacturing
  • Semiconductor
  • Others

The Propylene Glycol Methyl Ether market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global Propylene Glycol Methyl Ether market.

Prominent players covered in the global Propylene Glycol Methyl Ether market contain

  • BASF SE
  • Eastman Chemical Company
  • Royal Dutch Shell plc
  • LyondellBasell Industries N.V.
  • DowDuPont Inc.
  • Manali Petrochemicals Limited

All the players running in the global Propylene Glycol Methyl Ether market are elaborated thoroughly in the Propylene Glycol Methyl Ether market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Propylene Glycol Methyl Ether market players.

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The Propylene Glycol Methyl Ether market analyses the following important regions:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The Propylene Glycol Methyl Ether market report answers the following queries:

  1. Why consumers are highly inclined towards the consumption of segment in the Propylene Glycol Methyl Ether market?
  2. What are the opportunities available for players operating in the global Propylene Glycol Methyl Ether market?
  3. Which trends have the maximum impact on the growth of the global Propylene Glycol Methyl Ether market?
  4. Why region leads the global Propylene Glycol Methyl Ether market?
  5. What are the drivers and restraints affecting the market size of the global Propylene Glycol Methyl Ether market?

What the report encloses for the readers:

  • Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
  • A to Z of each player – positives & negatives, current status, future developments – of the global Propylene Glycol Methyl Ether market.
  • Detailed information regarding the trends influencing the growth of the global Propylene Glycol Methyl Ether market.
  • In-depth assessment on the utilization of Propylene Glycol Methyl Ether in each end use industry.
  • Historical data and future growth outlook of the global Propylene Glycol Methyl Ether market.

Why choose Future Market Insights?

  • Digital intelligence solutions to help clients stay at the forefront.
  • Published 6, 000+ reports and recognized by 150+ countries globally.
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Explore Wide-ranging Coverage of FMI’s chemical and materials Market Insights Landscape

Veneer Sheets Market FMI’s analysis gives an insight into key market trends, strategies, regional players and various segments on the basis of form, type, application and region.

Polysulfide Market Find insights into global market scenario and segmentation on the basis of ingredients, application, source and region.

Diketene Market FMI’s report highlights parent market trends and strategies in the market with segments and dynamics through the forecast period.

Motorcycle Suspension System Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2029

As per changing consumer buying behavior, motorcycle suspension system is gaining stature as a key performance indicator in motorcycles. The growth of the motorcycle suspension system market is directly related to the production and on-road fleet of two wheelers. Motorcycle suspension system market is anticipated to reach ~US$ 2.4 Bn by the end of 2029 and is expected to grow at ~5% CAGR in the forecast period of 2019-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.

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Motorcycle Suspension System Market​ Key Takeaways

  • Establishing long-standing direct sales-supply agreements with automotive OEMs is a key winning strategy for market participants in the motorcycle suspension system market.
  • A suspension system is one of the few noticeable components and is now gradually turning out to be among the deciding factors while purchasing a motorcycle.
  • Suspension systems these days are being marketed as USPs of vehicles during new launches and advertisements by key players.
  • Increasing recreational activities, including off-road biking, are an unevolved opportunity for market players to launch specific suspension systems to gain competitive advantages.
  • Rising traffic congestion is an inescapable condition resulting in lengthy commutation time. This, in turn, is a key factor responsible for the inclination of customers towards motorcycles and is expected to subsequently contribute to the growth of the motorcycle suspension system market in the coming years.
  • In the current scenario, scooters are trending as compared to conventional motorcycles, owing to their easy handling, good stability, and low price range. Scooters are being preferred by all age groups, especially aged citizens, teenagers, and females.
  • Passive motorcycle suspension system technology is anticipated to remain popular across the globe in the motorcycle suspension system market.

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New players at global and regional levels can reap rich benefits by focusing on replacement and aftermarket sales, riding on the new trend of retrofitting and customizing motorcycles.

Motorcycle Suspension System Market: Segmentation

The global motorcycle suspension system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

  • Front Suspension
    • Telescopic Fork
    • Others
  • Rear Suspension
    • Dual Shocks
    • Mono Shocks
    • Others

Sales Channel

  • OEMs
  • Aftermarket

Technology

  • Passive
  • Active/Semi-active

Motorcycle

  • Standard
  • Cruiser
  • Sports
  • Scooter
  • Mopeds
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan
  • Japan
  • Middle East & Africa

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ASEAN Countries Emerging as Growth Hub for Market Players

The motorcycle suspension system market is fairly consolidated, with key market players such as Gabriel India Limited, ZF Friedrichshafen AG, Showa Corporation, KYB Corporation, and BMW Group accounting for significant share of the total market value. The participation of local companies carrying technical licensing agreements with foreign brands has substantially contributed to the development of the motorcycle production and assembly market in ASEAN countries.

Food-Grade Lubricants Market Prevalent Opportunities Up to 2020

Grease or lubricant may get added in the food through cracks, leaks or untidy use during maintenance making them indirect food additives. This demands the use of food grade grease in the euipments involved in the manufacturing process. Selecting and using an appropriate food grade grease ensures a safe, smooth and efficient working of the plant all while avoiding toxicity, maintaining the health standards and increasing the profitability. In every geographical region, several government authorities like NSF, NHF, FDA, NAFDAC, CFIA, FSSAI, EFSA, MOH, FSANZ, etc. have strict regulations for the use of grease being a food grade grease. Every country has different standards

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Every lubricant, including the food grade grease, should be able to provide sufficient lubrication for metal-metal surface separation along with the ability to perform in extreme temperature and pressure environments. Properties like anti-wear performance, high load carrying, good seal compatibility, oxidation stability, rust and corrosion inhibitors are also desirable from food grade greases. The food grade greases must resist the impurities such as steam, process water, high pressure cleaning and acidic conditions. Other chemicals and raw materials used in the course of manufacturing may also act as contaminants.

Food grade grease finds extensive use in the food, beverages, cosmetics and pharmaceutical sectors. Other areas where food grade grease finds a small but vital share includes packaging and logistics sector, equipment manufacturing and food grade lubricant blending to name a few.

Market Dynamics:

The demand for food grade grease is expected to increase as the processed food industry advances. Technological developments are identified as a pivotal factor to propel the growth of the processed food industry and this in turn is expected to directly to drive the food grade grease market as well. Observing the growing concern over the food consumption, authorities such as USDA (United States Department of Agriculture) have put forth stringent laws that promote the use of food grade grease in the equipments handling edible products, directly or indirectly. Such regulations will keep the demand for food grade grease growing in respective regions during the forecast period.

The manufacturers today comply with the regulations in order to avoid recalling the products and hefty penalty fees. Since the awareness around the food grade grease is growing recently, innovative products will stay in demand and propel the growth of food grade greases.

Mineral oil based food grade greases have been in a greater demand due to the easy availability and low cost. It can experience a stable growth during the forecast period. However, synthetic oil based food grade grease is expected to increase demand due to its enhanced properties and better performance.

Geographically, the food grade grease market can be segmented into Asia Pacific, North America (U.S., Canada and Mexico), Europe, Middle East and Africa, and Latin America.

Regional Outlook:

Currently, Europe is comparatively a bigger market in the world for food grade greases and is followed by North America. The dominance of these regions can be credited to the rigorous food safety norms present here. Increased health awareness among the manufacturers is also one prominent factor that boosts the growth of food grade grease in these regions.

However, in the near future, Asia-Pacific among all regions, is expected to develop at the fastest pace considering the firm economic growth of countries like China and India.

List of Market Participants:

Presently, the food grade grease market is dominated by several market players out of which few are listed below:

  • Fuchs Petrolub SE, Germany
  • BP PLC, United Kingdom
  • Total S.A., France
  • Petro-Canada Lubricants Inc., Canada
  • Exxon Mobil Corporation, United States of America
  • Kluber Lubrication Munchen SE & CO. KG, Germany
  • AB SKF, Sweden
  • LanxessAktiengesellschaft, Germany
  • Illinois Tool Works Inc., United States of America
  • Jax Inc., United States of America
  • ITW ROCOL, England
  • Bel-Ray Company LLC, United States of America
  • Lubriplate Lubricants Company, United States of America
  • Schaeffer Manufacturing Co., United States of America
  • Suncor Energy Inc., Canada

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation:

Market for food grade grease can be segmented on the basis of type of lubricant, base oil, end use and geographic regions.

On the basis of the type of lubricant, food grade greases can be segmented as:

  • H1 lubricants
  • H2 lubricants
  • 3H lubricants (releasing agents)
  • H3 lubricants (soluble oil)
  • Others

On the basis of base oil, food grade greases can be segmented by:

  • Mineral oil
  • Synthetic oil
  • Polyalphaolephins (PAO)
  • Polyalkyl Glycols (PAG)
  • Easters and silicones
  • Bio-based oil

On the basis of end use, food grade greases can be segmented into:

  • Food industry
  • Sugar
  • Dairy
  • Bakery
  • Meat processing
  • Fruit and vegetable processing
  • Others
  • Beverages industry
  • Pharmaceuticals industry
  • Cosmetics industry
  • Others
  • Packaging and logistics
  • Equipment manufacturing

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Pillow Cases Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2030

Pillow cases are used to protect pillows from stains and dust mites. Normally, a part of the bed sheet set, pillowcases are designed as decorative and functional covering. Growing awareness among consumers has changed the buying patterns for pillow cases. This is influencing manufacturers to introduce personalized products based on consumers’ needs.

For instance, manufacturers are formulating soft and breathable pillow cases which offer a peaceful sleep.Growing fabric technology and usage of more organic fabrics, and brighter colors in the production of pillow cases are enhancing market growth.

Pillow cases also go along with the consumer’s changing home decor trends and thus have increased their buying frequency. Such trends are boosting the pillow cases market which is projected to expand at a robust growth in the approaching years.

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Pillow Cases Market – Key Trends

Market players are launching pillow cases with innovative fabrics addressing issues such as improper sleep, harshness against the skin, and badly pilled. For instance, LL Bean’s Pima Cotton Perscale Pillowcases are soft, durable, and comfortable.

Woven from 100% Pima cotton, it can be machine washed with no wrinkling and shrinkage. Additionally, growing product visibility across multi –retail outlets is underpinning the market growth.

Players are focusing on the functional benefits of pillow cases prepared from plant-based materials for instance bamboo, and organic cotton, to provide breathability and better moisture absorption as compared to conventional cotton. For instance, Organic Comfort offers pillowcases manufactured from no synthetic content.

The company offers several benefits such as smooth, soft, silky sateen weave texture, not paper-thin, and are perfect for all seasons.

Silk pillow cases are gaining popularity among consumers due to their hypoallergenic features and it doesn’t draw moisture from the skin. Believed to have slowdown skin aging which is providing another leg for market growth.

Pillow Cases Market – Growth Restraints

Higher cost related to raw materials used in the production of the pillow cases is hampering the sales of pillow cases amid the middle-class population.

While silk pillowcases take beauty sleep to the next level, one of its downside is it is required to be washed by hand to keep them intact. Moreover, silk pillow cases are expensive that can impede market growth.

COVID-19 Impact on Pillow Cases Market

The COVID-19 outbreak has hugely impacted pillow cases market due to supply chain disruption all over nations. This has compelled pillow cases players to change round their business strategies to transform their brand identities.

Increasing sales of pillow cases via e-commerce platforms is one of the factors that upholds the growth of the pillow cases market as consumers are increasingly avoiding in-store purchases.

Pillow Cases Market – Region-wise Analysis

North America will be accounting for the highest market share owing to established retail networks and growing consumer preference for superior quality and luxurious bedding products to accolade the interiors.

As per the consumer trends in the U.S., about 80% of consumers favor cotton & cotton blend materials, trailed by 3% selecting satin fabric.

Growing consumer awareness concerning good night’s sleep and proper bedding materials is also anticipated to boost sales of pillow cases in the region.

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Pillow Cases Market – Competitive Analysis

Major Companies operating in the worldwide market include LL bean, Fishers Finery, Pinzon, Parachute Percale, and Amazon Basics. Players in the pillow cases market are enhancing their business footprint by introducing innovative products. For instance,

Brooklinen launched Luxe Pillowcases, made from 100% long-staple cotton to offer a luxurious sheen and super-soft feel. The pillowcase set has undergone strict OEKO-TEX testing and is manifested to be free of toxic chemicals.

Bedsure is offering satin pillowcase made from 100% polyester satin. It can be machine wash and comes with 14 chic colors and 3 sizes comprising rich jewel tones.

FeelAtHome offers bamboo pillow cases available in 4 sizes that stop allergens and dust mites. The hypoallergenic pillow cases are machine washable as well as free of crinkling plastic sounds which may keep an individual awake.

Global Pillow Cases Market: Key Players (this is an indicative list – full list of key players available upon request)

  • MyPillow
  • Wendre
  • Pacific Brands
  • Pacific Coast
  • Romatex
  • Tempur Sealy
  • Fuanna
  • Luolai
  • Mendale
  • Dohia
  • Elegant Comfort
  • Shuixing
  • Yueda Home Textile
  • Mellanni Fine Linens

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

  • The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
  • The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
  • The report also maps the qualitative impact of various market factors on market segments and geographies.
Pillow Cases Market – Market Segmentation

By Product Type

  • Cotton Type
  • Rayon Type
  • Silk Type
  • Others

By Application

  • Residential
  • Hotel
  • Hospital
  • Nursing Home
  • School
  • Other

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Prescription Delivery Services Market Industry Growth, Business Prospects & Future Scope 2030 : FMI

Timely drug delivery is the cornerstone of an effective healthcare infrastructure. Rising prevalence of chronic and infectious ailments have accelerated production of prescription drugs, prompting vendors to develop effective distribution networks.

Advancements in consumer touch points and supply chains, including e-commerce, convenience stores and retail stores have greatly altered the prescription delivery services landscape. Advancements such as drone-based delivery and tracker based prescriptions are helping usher in smooth customer experience.

Furthermore, advanced prescription delivery systems have not only assisted in providing round-the-clock customer services but also helped manage dosage, therapy adherence and provide feedback to clinicians.

Prescription Delivery Services Market- Key Takeaways

  • Diabetic prescription drugs to hold major sway, poised to capture 36.7% market share by 2030
  • Ease of access to drugs addressing chronic conditions is slated to drive retail pharmacy growth to greater heights
  • North America to expand stupendously at a CAGR of 18.4% from 2020-2030, attributed to the presence of multiple convenience and pharmacy stores
  • Global prescription delivery services market to reach US$ 434.3 Mn by 2030-end

“Adoption of self-checkout kiosks and medicine dispensing machines shall enhance medicine purchasing experience of customers, permitting vendors to experience greater customer loyalty,” concludes the FMI analyst.

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COVID-19 Impact Insights

The COVID-19 pandemic has generated fertile ground for the prescription delivery services market. The imposition of nationwide lockdowns to enforce social distancing have reduced footfalls across conventional pharmacies. This has compelled patients to rely on online retail platforms to avail their medicines.

Furthermore, heightened vulnerability of geriatrics suffering from co-morbidities to the coronavirus has necessitated stockpiling of essential medicines, thus keeping the need for prescription delivery services afloat throughout the pandemic’s duration. This panic buying behaviour shall usher in an 80% y-o-y growth.

Growth is especially anticipated to be robust across the U.S, China and India, countries with the highest rates of infections. Collectively accounting for 40% of the global infection rate, these countries have witnessed an unprecedented increase in hoarding prescription medicines by individual households. This shall continue until the latter-half of 2021.

Prescription Delivery Services Market Industry Growth, Business Prospects & Future Scope 2030 1
Prescription Delivery Services Market

Market Witnessing Entry of e-Commerce Players

The Prescription Delivery Service Market is witnessing entry of e-Commerce, pharmacy and retail chains, albeit at a local or regional level. Technological developments, new product launches and collaborations characterize some critical expansion strategies of market players.

Some of the key players in the Prescription Delivery Service Market are: Walgreens Co., Walmart Stores Inc., CVS Health, Giant Eagle Inc., Express Scripts Holding Company, Ali Health and Kroger Co. to name a few.

Besides these established players, several startup companies are also emerging as potential game changers in the industry. These include NetMeds, Kfyao, Capsule, Myra Medicines, NURX, MedAvail, Zipdrug, Insightfil and ScriptDrop to name a few.

Walgreens, a prominent retail pharmaceutical distributor, has a robust presence in the global prescription delivery services market. The company offers refills, auto refills, drug information and home delivery services.

In 2017, the company acquired Rite Aid for a sum of US$ 5.2 billion, resulting in the merger of two of the United States’ three largest pharmacy chains.

More Insights on the Prescription Delivery Services Market

A recent market study published by Future Market Insights on the Prescription Delivery Services Market includes global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of disease indication (therapeutic drugs (diabetes, hypertension & cholesterol disorders), wellness supplements, OTC drugs and diagnostic drugs) and distribution channel (pharmacy stores, healthcare institutions, clinics and research institutions) across seven geographies (North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA).

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Key Questions Answered in the Report

  • How has the Prescription Delivery Services Market fared in the past five years?

The global prescription delivery services market was valued at US$ 29.2 Mn in 2015 and acquired a value of US$ 50 Bn in 2019. This upsurge was largely a product of deepening penetration of e-commerce platforms and smart devices in retail stores to cater to the rapidly increasing demand for prescription medicines for various ailments.

  • What will be the likely growth scenario for the prescription delivery services market in the forthcoming forecast period?

According to FMI, the prescription delivery services market represents an incremental $ opportunity worth US$ 354 Mn between 2020 and 2030, and an absolute opportunity of US$ 18.4 Mn. A prolific 18.4% CAGR is predicted for the 2020-2030 forecast decade.

  • What drivers underpin market expansion for the upcoming decade?

Rising incidence of chronic and infectious diseases in the wake of rising life expectancies is pushing consumers to stockpile on essential drugs as they are inexpensive.

Moreover, the market is still in the growth stage, allowing the entry of startups and new entrants who are looking to flood the landscape with technologically advanced delivery mechanisms.

  • Identify possible impediments or hindrances to the predicted trajectory.

Logistical challenges in terms of distribution of the final drug to appropriate end-users due to the highly diffused nature of distribution networks is proving a major deterrent to growth. This is primarily due to difficulties in co-ordination of transportation and delivery.

  • Will the COVID-19 pandemic alter the said predictions?

Yes. The COVID-19 pandemic is expected to have an impact on the prescription delivery services market. As lockdown restrictions tighten, patients are opting to make their purchases via e-commerce portals to avail their supply of drugs, helping sustain market demand.

Global Fluoropolymers in Healthcare Market will rise at 4.7% CAGR through 2030 | Future Market Insights

The recent trend of patient-centric approach in healthcare industry has more to do with packaging compared to products. As per a latest report by Future Market Insights (FMI), the adoption of fluoropolymers in healthcare industry, globally, will rise at 4.7% CAGR through 2030.Compared to other sectors, pharmaceutical firms are highly propelled by imperative to develop innovative products, and as such, to invest considerably in R&D activities, given growing focus on specialty drugs to diversify product portfolio.

With the launch of new products, such as gene therapy, biologics, and therapy with various profile of value and volumes, manufacturers and distributors of fluoropolymers must look at existing systems and devise ways to step up these systems for bigger margins.

Fluoropolymers in Healthcare Market Size Study

  • Polytetrafluoroethylene (PTFE) to remain preferred fluoropolymers in healthcare
  • Adoption in hospital disposables will remain prominent through 2030
  • Medical devices including, introducers, and catheters, will see greater adoption in coming years
  • East Asia continues to offer opportunities of growth and development over following decade, given surging per capital healthcare expenditure
  • Market players to focus on expanding their portfolio to reach larger consumer base

“The COVID-19 pandemic has significantly changed the way consumers and businesses perceive packaging health and safety, with battle against single-use plastic placed on hold to address these evolving expectations. Despite being familiarized with negative impacts of plastic on surroundings, consumers are concerned about risks of contagion associated with reusable packaging. These uncertainties regarding about how the virus spread has put sustainability to back seat,” says analyst at FMI.

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COVID-19 Impact on Fluoropolymers in Healthcare Market

Growth of global fluoropolymers in healthcare market is linearly dependent on pharmaceutical industry. The pharmaceutical industry is at forefront of the fight against COVID-19 pandemic and has been responding to the global issue by ensuring availability of medicines despite supply chain disturbances.

While the industry has been jolted due to pandemic-induced restrictions, growth will resume with gradual easing of these restrictions. Collaboration with worldwide government and non-government agencies are stepping up to handle pandemic preparedness and react via knowledge sharing and pooled resources.

As these dynamics of pharmaceutical industry is transformed by COVID-19 pandemic, pharma packaging and labeling will also undergo tectonic shifts. In addition, the pandemic will trigger growth of antiviral/antimicrobial packaging. Such trends will drive adoption of fluoropolymers in healthcare market in coming years.

Fluoropolymers in Healthcare Market – Competitive Intelligence

The global fluoropolymers in healthcare market is fairly consolidated, given limited number of players competing with each other. Globally, market players are investing in capacity expansions to diversify their product portfolio and maintain their market competitiveness. For instance,

  • Dongyue Group is expanding production capacity of concentrated emulsion PTFE and dispersion resin at its Zibo unit in China in order to satiate rising demand for PTFE from North America, Europe, Southeast Asia, and South America.
  • Gujarat Fluorochemicals Limited (GFL) has scaled up its fluorochemicals capacity from to 46,800 tons per annum (TPA) at its Gujarat facility in a bid to keep pace with increasing demand for fluoropolymers across Asia Pacific (APAC).

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Want to Know More About Fluoropolymers in Healthcare Market?

Future Market Insights, in its new study, provides compelling insights about the fluoropolymers in healthcare market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030. The report offers unbiased assessment on fluoropolymers in healthcare market through three different categories – product type, application, and region. The global fluoropolymers in healthcare market research study delivers insights of pricing by different life cycle analysis, product life cycle, major market trends and technologies that are being utilized in the development of fluoropolymers in healthcare and product adoption in various end-user industries.

Explore Wide-ranging Coverage of FMI’s Healthcare Market Insights Landscape

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Report TOC: https://www.futuremarketinsights.com/reports/fluoropolymers-in-healthcare-market/table-of-content

Molybdenum 99 Market to rise at a Healthy CAGR of 5.2% between 2020 and 2030

The rising incidence of non-communicate diseases is creating scope for novel and advanced imaging technologies. There is immense scope for technologies that offer non-invasive yet precise diagnosis of various types of cancer and cardiovascular ailments. Future Market Insights (FMI) sees the prevailing trends to be highly favorable for the expansion of molybdenum-99 market.

Technetium-99m derived from molybdenum-99 (99Mo) is a key isotope used in radionuclide imaging. It is a part of the technology that non-invasively diagnoses regional metabolic and physiologic processes such as blood flow in the heart to zero down on the affected organ or tissue.

Molybdenum-99 is therefore used as radioisotope in various nuclear medicine diagnostic procedures. With several leading healthcare organizations intending to up their research and development initiatives, the 99Mo is expected to grow considerably in the coming years.

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FMI in a recent study has projected the market to rise at a CAGR of 5.2% between 2020 and 2030. The rising willingness among patients and their families to spend on advanced healthcare will bode well for the market. Additionally, government support in the form of favorable reimbursement policies will create lucrative prospects for growth in the coming years.

FMI identifies various growth drivers and restraints impacting the market’s trajectory in its recent study. The report is intended to evaluate the scope for expansion and investment feasibility in the market. Some of the key takeaways from the report are:

The market is estimated to be valued at US$ 3.2 billion by the end of 2020Supply constraints and looming closure of reactors across various locations are posing threat to growthAmong hospitals and diagnostic centers, the former is expected to account for the maximum revenue generated in the marketNorth America is expected to remain dominant through the forecast periodAmong applications, SPECT segment will hold dominant share in the marketImpact of COVID-19 on Market

The market for molybdenum-99 is already reeling under inadequate supply. Supply-chain disruptions are not new to the market and the unprecedented pandemic outbreak has only worsened prospects for the market’s growth in 2020.

Lockdown orders enforced across the world have caused significant disruptions in production. Partial and complete lockdown followed in the last couple of months have put a serious dent on the global GDP growth.

The negative impact of the same is felt on the molybdenum-99 market as well. North America and South Asia markets will be more hampered. Recovery however is on cards especially once the novel coronavirus passes and economies start focusing on healthcare concerns other than COVID-19.

Who is winning?

The market has a consolidated vendor landscape. Tier-1 companies primarily boast dominance. Companies operating in the market primarily focus on research and development initiatives. Besides this, some of them are investing their resources in strategic collaborations and acquisitions to gain competitive advantage.

Other companies such as Advanced Cyclotron Systems, Inc. are focusing on research and development initiatives and establishing facilities in compliance with Good Manufacturing Practices.

Some of the companies profiled in the report are GE Healthcare, IBA, Sumitomo Corporation, Advanced Cyclotron Systems, and Siemens Healthineers.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Patient Identification Wristbands Market is forecast to rise at an impressive 7.8% CAGR between 2020 and 2030 : FMI

Patient safety is the key focus for healthcare organizations around the world. As a result, they are mobilizing latest technologies to offer safer and improved patient care. Patient identification solutions are therefore rolled out across hospitals and specialty clinics to ensure accuracy in patient identification and administer effective treatment that complement’s with patients’ health requirements.

In a recent report, Future Market Insights (FMI) studies the scope for expansion of the patient identification wristbands market. The report forecasts the market to record a robust expansion at nearly 7.8% CAGR between 2020 and 2030. Besides soaring cases of infection and focus on streamlining hospital management while saving time and cost incurred will drive the market for patient identification wristbands market.

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The report sees lucrative prospects for the market in the rising implementation of radio frequency identification tags (RFID) technologies in the healthcare sector. With the uptake of automated identification technologies hospitals and other healthcare institutions are aiming at saving time and cost incurred by providing real-time identification, traceability, temperature, communication, and location data of patients.

Using health information technology to improve patient care has become a top priority for healthcare organizations around the world. Besides this, technologies such as patient identification wristbands promise to up the overall quality of patient care. FMI sees the rising focus on improving the overall quality of services as a key factor driving the market for patient identification wristbands.

Some of the key takeaways from the report are:

– The market for patient identification wristband was valued at US$ 374.7 Mn in 2019
– North America is forecast to remain a lucrative market, driven by strong demand in the US
– South Asia and East Asia markets are forecast to rise at a higher CAGR
– Market is forecast to remain competitive, thanks to the high degree of fragmentation yet tier one companies are expected to hold sway
– Demand for better managing patient care and monitoring treatment administered amid soaring cases of chronic ailments, patient identification solutions will prove indispensable to healthcare sector

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COVID-19 Impact on Patient Identification Wristbands Market
Partial and complete lock down of economies during pandemic crisis has greatly hampered the production of patient identification wristbands. The unprecedented COVID-19 outbreak has yet again brought the fragile pharmaceutical supply chain to the limelight.

Emergency care as well as supply of drugs are hampered during pandemic and so is the production of patient identification wristbands. While operations in the market is expected to remain sluggish, they are forecast to recover amid rising demand from June 2020.

The market is likely to experience short-term negative impact owing supply chain disruptions caused by the pandemic crisis. However, government stimulus to essential services such as healthcare, will help the market stay afloat amid the tumultuous times.

Key Companies Profiled: Tekni-plex, Inc., Selig Group, Bluemay Weston Limited, B&B Cap Liners LLC, Pres-On Corporation, Low’s Capseal Sdn Bhd, Well-Pack , industries Co., Ltd., Tien Lik Cap Seal Sdn. Bhd, Captel International Pvt Ltd

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Thin Client Market 2021 Key Players, End User, Demand and Consumption by 2031

The thin client market was valued US$ 1.6 Bn in 2020, and would grow by more than 2.2% CAGR.  Thin Client consist of network computers which is connected to a server-based computing environment in which memory, sensitive data, and most applications are stored.  It uses central server to store data instead of hard drive and it is also known as lean or slim client.

According to latest research by Future Market Insights, thin client market is set to witness higher growth during 2021-2031.

The market will show high growth in coming years, owing to adoption of hybrid and multi-cloud environment by many organizations and comparatively less expensive, secure hardware solution offered by thin client. Moreover lack of infrastructure for network in developing economies for cloud computing restraining the growth of the thin client market.

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What is Driving Demand for Thin Client Market?  

Thin client able to decrease the desk space and helps to offer alternative for traditional systems. Reduced energy consumption over a period by such systems driving the growth of the thin client market. It offers advantages such as enhances infrastructure security, comparatively less expensive secure hardware solution, lesser energy consumption, centralized system & simple manageability, and cost reduction.

The performance of the thin client is lot more depends on the speed of the internet. Thus evolution of 5G technology propels the growth of the thin client market. Thus adoption of hybrid & multi-cloud environment and secure hardware solution by many organizations in many industries fuels the growth of the thin client market.

Rising Adoption of thin Clients in the BFSI, Education and Healthcare Industries in Recent Years is Driving the growth of Thin Client Market  

In recent years, there is rising growth of the education and healthcare industries. Also banking and financial services providers has to deal with an escalating large amount of data.

So instead of update every desktop thin client solutions can setting up a few application servers which receives new updates. It helps to extend all the thin clients across the organization/bank. Thus rising adoption of such cost effective solutions by enterprises in banking and financial sector augments the growth of the thin clients market.

Also, the market will show high growth in coming years, as the thin clients provides risks related security solutions such as third-party identity fraud, the data leaks, and unauthorized account access caused by external devices. External device used for storage is USB memory stick.

North America Demand Outlook for Thin Client Market  

North America is anticipated to constitute a highest revenue growth in the thin clients market over the forecasted period. North America shows significant growth in thin clients market owing to increasing adoption of highly technology-oriented products and cloud technology.

North America has presence of key suppliers of pharmaceutical products including Dell, HP, NComputing, and 10Zig. These key vendors has flexible IT support and an active infrastructure fuels the demand of the thin clients market in North America region.

North America has one of the most developed IT and telecommunications industry among other regional markets. Thus increasing growth of banking, healthcare sector, and government organization in North America region fuels the demand of the thin client market.

Europe Thin Client Market Outlook  

Europe is the second largest contributor to thin client market, owing to technological innovations and adoption of advanced internet technology. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region. The developed economies in Europe region provides active infrastructure for advance technology like 5G, cloud computing, and Internet of Things (IoT) which ultimately fuels the growth of the thin client market.

The growth of the industries such as healthcare IT, telecom, and BFSI industry in Europe region ultimately boosts the demand for the cloud computing and thin client solution provider across the region. The stringent government regulations about telecomm industry in countries like France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the thin client market.

Who are the Major vendors of Thin Client Market?

Some of the leading vendors and companies of thin client market include

  • Dell Inc.
  • IGEL Technology GmbH
  • Fujitsu
  • LG Electronics Inc.
  • Samsung
  • American Industrial Systems, Inc.
  • NEC Corporation
  • Lenovo
  • Siemens AG
  • Centerm
  • HP Development Company, L.P.
  • NComputing
  • 10Zig among others.

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These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for thin client market.

Furthermore, many companies are focusing on acquiring small and mid-sized organizations present in this market.

For instance, In February 2021, LG Business Solutions announced partnership with IGEL. This partnership helps to drive flexible access and business growth to enterprise applications for mutual customers of LG and IGEL. It brings company’s all-in-one thin clients IGEL OS for out-of-the box used by mutual customers.

Thin Client Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Key Segments

By Form Factor:

  • Standalone
  • With Monitor
  • Mobile

By Application:

  • Enterprise
  • Government
  • Education
  • Industrial
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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