Market Research Blog – Page 14206 – New Product Development

What COVID-19 Means for Growth Trajectory of Ibuprofen API Market?

In recent times, the global outbreak of coronavirus disease (COVID-19) has been dominating the news headlines and becoming a shock to the economy, interrupting both supply chains and consumer confidence. The pandemic has caused widespread fears and uncertainties, especially in the healthcare industry, and the information about how to mitigate the spread of the disease continues to be fluid. With the shortages of personal protective equipment (PPE), diagnostic kits, and other critical medical supplies, the pandemic has brought medical supply chains into the spotlight. While the pharmaceutical industry has been invigorated by governments and health authorities to fight against the COVID-19, the industry’s operation has been damaged by the pandemic-related disruptions and insufficient information.

Ibuprofen and Danger of COVID-19 Rumors: Is the Drug Safe to Use?

As the COVID-19 crisis deepens, APIs and a wide range of drugs including antiviral, antibiotics, and nonsteroidal anti-inflammatory drugs (NSAIDs) are seeing the highest demand. NSAIDs, particularly ibuprofen, has been facing intense scrutiny in the time of COVID-19 pandemic, as the drug briefly touted for appropriate fever remedy is not entirely risk-free to coronavirus infection. The online furor over whether ibuprofen is safe or worsens the virus has led to false reports and misinformation. This is likely to have an impact on the global ibuprofen API market.

Following contradictory evidence, health authorities and medical institutes warning individuals concerned about COVID-19 to avoid ibuprofen are backing off that claim. While there is no scientific evidence establishing a link between the drug and worsening COVID-19, product information of many NSAIDs contains that the anti-inflammatory effects may suppress the symptoms of a worsening infection. Therefore, healthcare professionals and patients are advised to use ibuprofen as per the approved product information and at the lowest effective dose for the shortest possible period.

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COVID-19 Impact on Ibuprofen API Production and Supply Chain

Widespread city lockdowns, travel restrictions, production shutdowns triggered by the COVID-19 pandemic have shown fragility in access to Active Pharmaceutical Ingredients (APIs) which are an essential component of medicines. The ibuprofen API market in particular is largely affected by supply chain disruptions for generic drug producers who source APIs from China along with export restrictions on 26 pharmaceutical ingredients and formulations in India, which hosts a large number of generic drug makers. India’s heavy reliance on import of their APIs from China and slowed production of the APIs by the latter resulted in higher cost and shortages of raw materials required for generics such as Advil (a brand name for generic ibuprofen). Export restrictions were thus imposed to prevent domestic shortages which are expected to have a negative impact on the ibuprofen API market.

The scarcity of raw materials accompanied by movement restrictions and logistical delays during the COVID-19 outbreak has exposed the weight of the global pharmaceutical industry on China. Despite reopening of factories and relaxation of export restrictions in the nation, many worst-hit countries are implementing export control which will continue to impact the pharma supply chains and the ibuprofen API market is no exception.

COVID-19 to Influence Rationing and Price Gouging of Ibuprofen API

Prior to the pandemic, pharmaceutical industry experts and business analysts predicted momentum for cloud-based drug discovery platform and 3D printed drugs with significant advances in medical technology. Despite contingency plans in place and flexible supply chain and clinical trial process, the pandemic situation is unprecedented which are likely to transform existing trends. Price gouging as a practice that emerges due to shortages is a real concern with pharmaceutical products, especially ibuprofen API, during the pandemic. Manufacturers are thus focusing on ramping up their production with support from governments, in addition to preparing to ensure an effective response.

Considering a widening demand-supply gap for COVID-19 test kits, medical ventilators, and PPE, ibuprofen API and other generic drugs may be rationed or patients may not receive care, if supplies are not adequate. COVID-19 is a wake-up call to the vulnerabilities of ibuprofen API supply chain which will compel pharmaceutical companies to invest in long-term solutions. Regulatory bodies are further likely to closely address and analyze the link between ibuprofen and worsening COVID-19 to curb significant ramifications, ranging from false claims to hoarding practice.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Hand Sanitizer Market: Is COVID-19 Bringing Revolution in Hand Hygiene Practices?

In recent times, the hand sanitizer market has experienced a quantum leap in growth, propelled in bulk by the coronavirus outbreak that began in China in 2019. With the rampant spread of the disease across multiple countries, demand for clinical hand hygiene products including hand soaps and hand sanitizers is climbing up, and the latter has become one of the most sought-after products today. While the hand-sanitizer is not a cure-all, a myriad of health organizations have been raising awareness that washing hands and maintaining hand hygiene is one of the most effective ways to kill germs and prevent the spread of disease, including the one that causes Covid-19. The result has led to significantly increased sales of hand sanitizers. Given consideration to the current scenario, Future Market Insights foresees significant growth prospects of the hand sanitizer market, besides disposable masks and tissues and hygiene products markets.

Gel hand sanitizers are emerging as one of the most popular choices for coronavirus protection, in the view better formulation, easy availability, and easy-to-use properties. Apart from traditional sales channels, manufacturers are capitalizing on new opportunities arising out of e-commerce. Moreover, social distancing requirements, stay-at-home orders, and subsequent decline in consumer footfall in retail store along with growing popularity of hand sanitizer spray pens among younger population are influencing manufacturers to move their business online.

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North America at the Epicenter of COVID-19 and Massive Demand

While increasing cases of nosocomial viral respiratory infections and the recent outbreak of Covid-19 have accelerated the sales, hand sanitizer has been gaining high popularity over the last decade, attributing to utilitarian impulses. Growth prospects of the hand sanitizer market remain high in North America, on the account of consumer inclination towards hand hygiene maintenance. As the pandemic’s epicenter shifts from China to the U.S., the government and health authorities in the country are ordering a large amount of hand sanitizers and personal protective equipment (PPE). However, it is pertinent to note that the hand sanitizer market is facing low supply issues and product shortages, thereby compelling manufacturers to exhibit manifold increase in their production.

DIY Hand Sanitizers and Indie Brands Emerge in the Time of Pandemic

To help combat the supply shortages, a growing number of distilleries are utilizing alcohol in their facilities to develop alcohol-based hand sanitizers. In addition, the number of indie hand sanitizer brands is increasing at a significant pace, offering innovative products and attracting a large segment of consumers through e-commerce and social media sites. Furthermore, several chemists and online communities are promoting DIY or homemade hand sanitizers, in response to widening demand-supply gap.

Organic and Environment Friendly Hand Sanitizers Set to Go Mainstream

Following the Centers for Disease Control and Prevention (CDC)’s guidelines that recommend alcohol-based hand sanitizers to healthcare provides as an effective method for decontaminating hands, this type of hand sanitizers gained high popularity. In the long-term outlook, hand sanitizers made of organic and eco-friendly ingredients are set to mark promising trends, as the consumers’ quest for new products and source of their ingredients is increasing. Additionally, to set their products apart from the intense competition, manufacturers are tapping into new ingredients and labels for hand sanitizers, including vegan, cruelty-free, gluten-free, and the ones with additional skincare benefits.

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Beta-Hydroxybutyrate Testing Market to be Driven Owing to a few Complexities Concerning Prolonged Ketosis

Beta-hydroxybutyrate (BHB) is one among the three wellsprings of ketone bodies exist in human. It has a moderately higher extent in the blood (78%) in contrast with different two ketone bodies – ketone bodies – acetone (2%) and acetoacetate (20%). Location of ketosis is significant in a few clinical conditions since it is the most essential settings to find out in diabetics. Beta-hydroxybutyrate shows incredible steadiness making it one of the most reliable indicators for clinically important ketoacidosis and ketosis.

Alcohol biomarkers, for example, Beta-Hydroxybutyrate can possibly be indicators for acute and chronic alcohol utilization and could be identified in the body long afterward the disposal of ethanol. Increment in the predominance of chronic ailment, for example, diabetes could fundamentally expand the need for β-Hydroxybutyrate testing to identify implied for ketoacidosis and ketosis. Amid delayed sickness, it is one of the ketone bodies and furthermore considered as one of the probable biomarkers for alcoholic ketoacidosis. The worldwide market is additionally foreseen to be driven because of a few of the complexities related to prolonged ketosis, for example, diabetes, organ failure, corticosteroid, alcohol intoxication, or growth hormone inadequacy. Other than a portion of the exceptional qualities of β-Hydroxybutyrate incorporate, the simple and dependable discovery of clinically remarkable ketosis, enhanced turn-around times.

Inferable from Beta-Hydroxybutyrate tests short turnaround time, there is an expanding need for Beta-Hydroxybutyrate testing to bodies in serum, blood, and different bodily fluids. The worldwide market is described by the existence of a huge number of foremost producers and vendors that consistently guarantee the accessibility of these devices in remote areas also. These makers additionally guarantee that the items presently being utilized for the worldwide market are lower in cost and simple to work.

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Based on regional revenue share, North America is projected to be the leading region in the worldwide market. Europe anticipates being the second biggest market in the worldwide market for Beta-Hydroxybutyrate testing. It is projected because of the risk of cardiovascular ailments incorporating diabetes as well as would boost the consumption of Beta-Hydroxybutyrate testing all over the world. In addition, increasing cognizance of inpatient healthcare and standard check of body’s several fluids for instance serum and blood is likely to fuel the market in these regions. On the other hand, in a few of the increasing economies of Latin America, South Asia, and East Asia, as a result of the low cost of Beta-Hydroxybutyrate products, they are being more and more utilized. For example, it has been recorded that the market for nations such as India and China is projected to expand at a maximum CAGR amid the assessment period because of the higher occurrence of cardiovascular ailments and increasing alcohol consumption. On the other hand, the absence of awareness on Beta-Hydroxybutyrate testing in a few regions of the Middle East and Africa might influence the market development in the assessment period.

A few of the topmost participants functioning in the worldwide market incorporate Abcam plc, EKF Diagnostics, Merck KGaA, Cayman Chemical, Randox Laboratories Ltd, Quest Diagnostics, Abnova Corporation, AAT Bioquest, Inc, BioAssay Systems, AAT Bioquest, Inc, and several more. Moreover, the existence of local and small makers all over the nations will hold competitiveness in the market.

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APEJ Region Stays Center of Pulling in Value Prospects in Automotive Pumps Market

Growing revenue of the uninterrupted growth of the middle class, entirely in a rising nation such as India and China, is tempting automakers to concentrate on the mid-size and compact segments. Special or premium attributes such as anti-lock braking systems, cabin comfort systems, automatic transmission systems, and power steering are no more confined to the executive, premium, and luxury cars. With rising rivalry amid automotive makers and altering customer lifestyles, the majority of the foremost attributes are being presented in the mid-size or compact car category on a bigger scale. These expansions in cars are anticipated by customers and are moreover promoting automotive makers to boost the implementation scale of these launchings in the above mentioned car fragments.

Gasoline turbochargers to generate a substantial requirement for the makers of vacuum pumps are disposing of innovative fuel injection systems, for instance, GTDI (gasoline turbocharged direct injection), to fulfill increasing customer need for fuel effectiveness. This aspect is likely to perform as a foremost stimulant for automotive pump sales. The trend is projected to hold up the sustainable market expansion of light and passenger commercial vehicles in the regional market, for instance, Western Europe and APEJ.

Carmakers are centering on bringing down vehicles carbon emissions to cohere to ever-evolving emission norms, worldwide. Several carmakers have laid down aims to bring down emanation levels in the approaching years. Even improvements and small tweaks presented by them could lessen carbon emanations. As asserted by Continental – a worldwide automotive component organization – utilizing electric fuel pumps that have higher pressure in automotive vehicles, could help in lessening carbon emanations by 1.5-2 g per km for 1.8-liter gasoline or diesel engines. The aforesaid aspects will boost the employment of progressed automotive pumps by car makers in the approaching years.

The COVID-19 outbreak goes on to spread all over continents, extending automotive production, and producing humanitarian tragedy. China – the origin of the pandemic – is the production center of automotive parts. Several automotive pump makers in emerging regions have acknowledged assembly amenities in China. Since governments are striking bans on export-import actions along with public gathers, this has considerably distressed the supply chain in the worldwide market.

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Key Takeaways from Market Study

The worldwide market exceeded US$ 50 Billion in 2019.
Growing on-road vehicle fleet and increase in private vehicle ownership are aspects mainly fueling market expansion.
Fuel supply pumps account for foremost market revenue share; fuel injection pumps to witness momentum.
Implementation of automotive pumps will be important in passenger cars, whereas in HCVs and LCVs to go down in the next term.
Electric automotive pumps keep on to stay in-need, due to their reduced power consumption and increased pressure regulation capacity.

In previous years, a rise in the several of acquirements is foreseen in the market. Topmost market participants are expansions in production capacities and vigorously engaging partnerships with local suppliers to addressing the rising need for automotive pumps. Foremost players in the market, for instance, Aisin Seiki, Robert Bosch GmbH, Magna International, KSPG AG, Denso Corporation, along with Continental AG, are centering on novel product expansion to increase their product portfolios.

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Rising Need for New Technologies for Betterment of Animal-Based Food & Dairy Production Boost Artificial Insemination Market Growth

Artificial insemination comes out as the most broadly utilized genetic technologies to enhance cross-breeding in the animal. Artificial insemination in animals is most generally utilized for domestic livestock animal creatures to improve pace up food and milk production and enhance animal productivity. Artificial insemination in animals assumes a significant job in the milk yields and emerging nations are embracing a breeding methodology to satisfy their requirements. Artificial insemination in animals is a procedure of gathering sperm cells from male animals to physically saving them to the reproductive organ of the female. It incorporates advantages, for example, expanded manufacturing proficiency, the wellbeing of the animals as well as better breed and genetics. Animal semen could store and could be transported to different livestock makers in various nations for artificial insemination in animals.

Artificial insemination in animals is increasing popularity for farm animals and livestock to expand daily based food and milk production. In addition, rising shipments, as well as the sale of animal semen to makers for artificial insemination to enhance hereditary qualities, favors the development of the animal artificial insemination market. The developing requirement for crossbreeding along with the requirement for a better variety expected to help up the market development of the animal artificial insemination.

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Key Takeaways from Market Study

A burgeoning requirement for genetically modified livestock breeds would push the market to a strong CAGR of 5.4% amid 2019 – 2029. The market is slated for 1.7X growth by 2029.
Animal artificial insemination technics have substantial demand in Asian nations for instance India. Nations such as India are implementing genetic technologies to enhance dairy manufacturing.
Additionally, North America and Europe region, correspond to noteworthy demand for the artificial insemination in animals to enhance research activities, animal genetics and increase livestock animal creation.
The Middle East & Africa regional market is anticipated to add the least share in the market for animal artificial insemination since the inadequate number of commercial farmers along with less awareness in veterinary care services.

Animal Artificial Insemination Market: Drivers and Restraints

The rising need for the genetic instrument and technology for the advancement of animal reproduction fuels the development of the worldwide market. Enhancing veterinary service along with use on animal healthcare favors the overall market development. The advancement of novel technologies for animal breeding, as well as the dispatch of novel products for veterinary care, altogether sway the overall market development. The growing need for new advancements for the development of animal-based food production and dairy production impel the development of the animal artificial insemination market. The overall market is picking up footing for increase count of the infrequently accessible animal, for example, lions and tiger favor the overall market development.

Instances of a few market participants in the worldwide market discovered across the value chain are Bovine Elite, LLC., IMV Technologies Group, Merck Animal Health, ABS Global, Inc., Agtech, Inc., Alta Genetics, Continental Plastic Corporation, KRUUSE, and others. Makers are concentrating on promotional and marketing activities in addition to partnership activities with the service providers to boost market expansion.

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Antioxidants Demand Will Foresee a Rise Worldwide, Particularly from the Packaged Food Sector

The worldwide market for antioxidants was estimated at US$ 2,243.8 Million in 2014 and is likely to touch US$ 3,111.5 Million towards 2020 end whereas growing at a CAGR of 5.6% during 2014-2020. On the basis of volume, the market for antioxidants was estimated at 75.5 thousand tonnes during 2014 and is projected to touch 103.3 thousand tonnes towards 2020 end whereas growing at a 5.3% CAGR. The market is mainly fuelled by growing global meat consumption, rising need for anti-aging products, strict government regulatory structure as well as the escalating shelf life of food products. The rise in demand for anti-aging products is additionally stimulating the expansion of the worldwide antioxidants market at present.

The worldwide economic slowdown had a low effect on the worldwide antioxidants market and the market is required to keep on seeing development during the conjectured time frame. On the other hand, altering eating patterns are influencing the market expansion regionally, because of altering diet patterns, populace and urbanization, and economic development. The worldwide meat market, around the world, was esteemed at US$ 39.2 Trn during 2012 and US$ 40.9 Trn during 2014. Pork meat has been representing the biggest share in the overall worldwide meat market since the most recent four years. Nonetheless, the market for chicken meat has encountered high development in the most recent four years. The increasing populace is boosting the market development of meat around the world. The populace drifts on the world’s biggest and quickest developing economies, where the need for feed items is required to rise quickly with the ascent in the populace.

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The worldwide populace is projected to gain over 7.99 Billion by 2025, from 6.9 Billion during 2011. Because of developing life expectancy and remarkable development of the agriculture segment, the need for feed antioxidants in the worldwide meat industry is likely to develop amid the estimated time frame. Brazil and India are among the world’s quickest developing economies and are foreseeing a continuous increment in their per capita income. This might cause a standard alteration in dietary inclinations in both nations. Conversely, meat consumption patterns are projected to change across the world because of religious, cultural, and other customer inclination factors. Inferable from these components, the need for feed antioxidants is projected to develop, thusly, fueling the expansion of the overall antioxidants market in the approaching years.

Based on products, the synthetic antioxidants market segment is relatively larger in contrast to the natural antioxidants market as well as will stay dominant amid the projected period.

Topmost makers identified in the worldwide antioxidants market are Archer-Daniels Midland Company, Aland (Jiagsu) Nutraceutical Co. Ltd, BASF SE, DuPont, Kalsec, Inc., Cargill Incorporated, Kemin Industries, Inc., Naturex S.A., Koninklijke DSM N.V., Vitablend Nederland B.V., and Nutreo N.V. So as to uphold their market share in the antioxidants market, makers have been coming into several mergers & acquisitions in addition to adopting the approach of geographic expansion, particularly in Asian nations such as India, China, and other Southeast Asian nations.

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Animal Feed Protein Market to Foresee Meat Consumption Aversion Because of COVID-19 Outbreak Might Influence Growth

The worldwide animal feed protein market will account for US$ 282.9 Billion towards 2029 end. As per to a research by FMI, the market will reflect a steady increase at 6.20% CAGR during 2019-2029. As per the research, increasing awareness concerning to dietary protein utilization backed by increase in economic standards has ensued in growing meat & meat products requirements, thus fueling market for animal feed protein ingredients.

Key Takeaways from Market Study

The market for animal feed protein ingredients held revenue estimating US$ 155 Billion in 2019.
Alteration in dietary patterns affirmed by increasing significance of health management has encouraged animal-based protein intake in daily diet that consecutively adds to market expansion.
Sturdy center for healthy livestock to restrain their enhance productivity and deteriorating health conditions would hold the market growth.
APAC keeps on accounting for foremost share of the worldwide market estimation.
Quick extend of COVID-19 all over major markets and key economies, particularly North America and Europe, exhibits a set of challenges.
The poultry livestock category will keep on witnessing higher need in contrast to that of aquaculture, cattle, and swine.
Foremost industry participants are enforcing several R&D programs for enhanced product usage along with livestock health.

Due to the noteworthiness of protein as a significant component in biologically dynamic compound in the body, protein rich items are profoundly worthy for poultry nutrition and production. It aids body tissue synthesis for redesign and for quicker expansions. Broilers commonly require higher dietary protein to fuel product requirement to enhance broiler benefit and efficiency.

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These diets from food are exceptionally digestible and without less anti-nutritional factors that aids in early gut growth and digestive physiology to enhance immunity and performance when taken care early of broiler chicks. Protein-provided amino corrosive profile assumes a significant job being environmental adaptability, immunity, egg production, development and numerous other organic functions. These components will boost the market demand.

Increasing populace alongside developing economic standards has prompted increment in food service expending. Conversely, in spite of previously mentioned expectations, the market might be going towards extreme waters. COVID-19 pandemic considerably affected intake pattern of purchasers. They are probably not going to buy meat products amid lockdown implemented across different countries. This will constantly affect development estimations for the market. For example, lockdown implemented on seafood and meat markets all over APAC will limit the market’s development in the region.

Alltech, Burcon NutriSciences, Nutraferma LLC, Hamlet Proteins, ADM, Dupont, Titan biotech, Calysta, Proliver, and Koninklijke DSM are a few of the key participants working in the worldwide market. Market participants are employed in partnerships, product launchings, and innovations, to increase their product portfolio, augment existence in different regions. During February 2018, Catalysta has commercialized and developed FeedKind protein that is utilized as in animal feed organic systems. It is secure sustainable non-animal protein source sanctioned in sale for several nations as a substitute to soy protein and wheat. The product will help in catering requirement for substitute protein sources.

Additionally, M&A stays a popular strategy amid market participants. Companies aim to increase their regional impression via strategic collaborations.

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Automated People Movers Comply with Social Distancing Norms amid COVID-19 Crisis

Over the last couple of decades, the frequency of air travel has increased significantly, due to rising affordability of airfares, enhanced convenience in terms of time and better connectivity. Today, the growing implementation of e-passport, and air tourism is soaring. Due to this, airport authorities are constantly investing in passengers’ convenience within and between airline terminals, and airport security.

In addition, airport authorities are incorporating advanced transit technologies, including automated people movers, to provide seamless passenger experience, and reduce passenger traffic congestion. By leveraging civil engineers, architects, and cutting-edge technologies, airport authorities are implementing infrastructural development in several airports worldwide.

Automated people movers have become an essential component of airport expansion projects. For instance, the Civil Aviation Administration of China (CAAC) is planning to build 216 new airports. Automated people movers help in alleviating traffic bottlenecks around passenger terminals as well as relieve traffic congestions in the immediate airport vicinity. Further, several new automated people mover systems have been planned, such as the Los Angeles International Airport’s 2.25-mile automated people mover, which will connect three on-airport stations to transit services and metro rail.

The Los Angeles International Airport (LAX) has planned to implement the automated people movers at the airports by 2030. Implementation of such advanced transit systems will help in easing off traffic congestions, which coincides with the social distancing norm to break the coronavirus (COVID-19) pattern. Also, it will streamline travel operations as well as reduce carbon footprint of the airports.

The COVID-19 pandemic is having a profound impact all over the world, with the immediate affect on the humankind. Contagion risk and reduced demand have caused a notable decline in transport services worldwide. The aviation industry has collapsed, grounding a considerable portion of the world’s airline fleet. This, in turn, is adversely affecting automated people mover market. To address this situation, market players are devising distinctive strategies to improve their business resilience.

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Existing Ecological Concerns to Pave the way

Environmental issues have been a critical area of concern over the past few decades in the airports, globally. Automated people movers ward off the problems of growing transit deficits, and air pollution. With easier capacity and boarding flexibility, airports across the globe are embracing automated people mover technology.

In April 2019, the Delhi International Airport Limited (DIAL) in India has approved a route of an automated people mover project. The project will provide a smooth transit facility to staff and passengers between terminals.

In December 2019, Bombardier Transportation received a contract from a collaboration formed by Chinese joint ventures for the Beijing Capital International Airport. The objective of the contract is to provide rolling stock, signaling, and automated people mover services for airports across the country.

Automated People Movers – A Cost-effective Solution

Effective transportation system is a key necessity to enable sustainable movement of people. In terms of operational efficiency, automated people movers are relatively more technologically advanced transit systems compared to conventional transportation models.

The operational costs are a key factor for operators as well as passengers. As automated people movers are equipped with optimum design solutions and smart technologies, they require low capital investments. Also, automated people movers operate on cable population mechanisms and electric power, leading to low operational costs. Maintenance activities hold a major share in the total cost of transit systems. Effective and reliable design solutions of automated people movers require low maintenance costs.

Players in automated people movers market are focusing on providing customized solutions as per client requirements. Furthermore, they are developing products with less operational costs. Majority of the players such as Mitsubishi Heavy Industries Ltd., Bombardier Inc., and Siemens AG are expanding their sales footprint in the developed regions to gain competitive advantage.

Passenger Preferring Automated People Movers for Short Journeys

Evolving passengers’ expectations, over the last few years, are accenting for the need of reliable, fast, and cost-effective solutions. Automated people movers are an extremely viable option, as they ensure maximum availability of passenger room, and provide minimal headways. In addition, they generate lesser noise compared to conventional transportation systems. Urban transit systems are highly congested and require compact solutions to reduce travel time. Automated people movers come with compressed structures that provide an additional benefit of handling traffic congestion problems. As such, they are gaining greater preference among passengers for short distances

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United States
T: +1-347-918-3531
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Advanced Technologies to Drive Industrial Electronics Packaging Market Growth Through COVID-19 Pandemic

The demand for industrial electronics packaging is closely associated with the growth of different industrial activities. Thus, the steep decline due to the coronavirus (COVID-19) pandemic is hampering the demand for packaging solutions. Customers are stockpiling industrial electronics products, causing disruption in the supply chain, which is offsetting the demand. Further, heavy duty corrugated packaging for e-commerce deliveries is also witnessing reduced demand.

Players in the industrial electronics packaging market needs to brace themselves for second-wave of the COVID-19 crisis. While crude oil prices have fallen, cost of oil-based raw materials such as plastic resin for packaging is poised to fall. Cross-border trade closures are compelling companies with extended supply chains to overhaul equipment manufacturing.

Demand for sensitive and fragile industrial electronic products in various end-use industries will rise, albeit steadily. This will accent the need for all-weather protective packaging. In order to stay ahead of the curve, manufacturers will leverage the Internet of things (IoT) market with the advent of Industry 4.0. Digitalization will continue to transform the packaging industry, and will boost the scope for implementing IoT for offering sophisticated industrial electronics packaging solutions.

Manufacturers Stepping up Product Performance with IIoT-driven Pneumatics

Pneumatics is widely deployed in the packaging machines for equipment such as grippers and sealers, pneumatic actuators, and pick-and-place machines for material handling. With the advent of the Industrial Internet of Things (IIoT), packaging OEMs are exploring significant prospects to enhance operations of pneumatics. This will help end users in improving energy efficiency, cut downtime and maintenance costs, and enhance safety.

Moving forward, IIoT-driven pneumatics provides extensive information to the industrial electronics packaging companies about the operational performance of the packaging lines and equipment. Preventive and predictive maintenance programs are crucial in maximizing the returns on investment (ROI) and handling equipment life cycles economically. IIoT-driven pneumatics helps in enhancing the overall equipment effectiveness (OEE) of production equipment.

IIoT sensors allow technicians to predict possible equipment deformities within few milliseconds, thus avoiding unplanned downtime on the packaging lines. Influenced by the umpteen advantages of IIoT-driven pneumatics, players in industrial electronics packaging are heavily investing in R&D activities to meet the ever-changing needs of end users.

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Players Rethinking their Strategies with Smart Packaging Solutions

Smart elements in the packaging are immensely improving the customers’ experience. In keeping pace with the rising trend of IoT, active smart and intelligent packing is becoming the new standard in the manufacturing industry.

Smart packaging for industrial electronics includes everything from external packaging designed to engage the consumers to internal packaging components that can manage quality control and sense temperature. Printed electronics, a component of smart packaging, will also gain traction in the near future. As printed electronics make considerable strides, smart packaging will become the new trend for point-of-sale packaging solutions.

Near Field Communication (NFC), the technology behind smart packaging, allows two transmitters to communicate with each other and easily be printed on labels at a low cost. Many businesses use NFC transmitters printed on their labels to prove the genuineness of their products. Growing adoption of NFC will drive the growth of industrial electronics packaging market.

Tracing the Path Ahead for Industrial Electronics Packaging Market

The industrial electronics packaging market will significantly rely on international trade flows. Moreover, market players are unpacking several methods to scale up product innovation and restructuring of value chains and business models.

Product Innovation

Suppliers of raw materials, particularly plastics, will continue to provide improvements to key raw materials, including greater rigidity, and strength to support down gauging, and enhanced mechanical and chemical properties.

Health, Safety, and Regulatory Standards

Players in industrial electronics packaging market, especially in developing regions, might face difficulties in adapting to international standards. However, they will continue to introduce step-change improvements in fire safety and durability attributes of the materials used for industrial electronics packaging.

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Eye Infection Treatment Market Revenues to Witness Radical Decline amid COVID-19 Pandemic

The COVID-19 outbreak and subsequent lock downs imposed by the government has restricted people from going out. This has inevitably increased screen time. Working from home involves working on desktops, laptops, and mobile phones. Even when people are not working, they are glued to their TV sets and mobile phones, mindlessly scrolling through social media feeds. All of these can cause eyestrain, which may lead to an eye infection. Amid the COVID-19 outbreak, eyes are highly susceptible to various types of infections. Therefore, prioritizing personal hygiene and social distancing can assist in preventing any type of eye infection. Due to the prevailing lockdowns, people suffering from eye infections are avoiding visiting hospitals and relying on alternative solutions such as eye drops.

However, during the COVID-19 pandemic, there are also numerous economical and operational challenges that are growing. Substantial time is required for commercialization and development of effective treatment options for curing COVID-19 and containing the spread of the virus. This uncertainty is resulting in postponement and rescheduling of the treatment and diagnosis of eye infection. This situation is likely to remain the same for the coming two to three quarters. The eye infection treatment market gained huge traction until the first quarter of 2020. This trend of growth is likely to continue post normalization of this pandemic, due to the availability of the treatment. Moreover, in the current scenario, the local government is redirecting healthcare resources towards the COVID-19 crisis; Thus, the global eye infection treatment market has showed marginal decline in the short term.

Technological Developments are transforming Eye Infection Treatment

Market players are laying greater emphasis on developing of novel ophthalmic formulation technologies to improve eye infection treatment. Advanced surgical techniques and high technological innovations in ophthalmology help in providing better and faster results. Some of the recent innovations in eye infection treatment are:

Recent development of multifocal intraocular lenses (IOLs) helps in making the spectacle independent after cataract surgery. This innovation helps in not only setting up the cloudy vision caused due to cataracts but also implanting a refractive lens. This lens improves the vision of the patient who was suffering from eye cataract. These lenses include toric IOLs that makes patients less dependent on spectacles for distance and correct astigmatism. Furthermore, demand for IOLs is gaining traction in Europe, as most surgeons’ have moved from bifocal to trifocal lenses.
In 2018, some researchers developed a new technique for the powerful gene-editing tool CRISPR in order to fix distorted retinal function caused due to retina infection and retina pigmentosa at a young age. This was the first time that researchers became successful in developing CRISPR technology for a chronic disorder. Hence, in the current scenario, market players are trying to include this innovation in their treatment process in order to enhance their customer base.

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Eye Drops to Remain Highly Preferred for Eye Infection Treatment

Eye drops play an essential role in curing many eye conditions such as raised eye pressure, glaucoma, conjunctivitis, dry eye disease, and ocular inflammation. Most professionals recommend eye drops for after eye surgery when there is a need to reduce inflammation to prevent infection. In recent times, companies are investing a huge amount in the R&D activities to create better eye drops. Owing to such innovations, the eye infection treatment market will witness a spurt in terms of revenue. Some of these are mentioned below:

In April 2020, Dextenza developed an eye drop to cure ocular itching in patients with allergic conjunctivitis. Allergic conjunctivitis has always been a major issue among people. Therefore, there is a large unmet demand for hands-free, potent, and preservative-free anti-inflammatory medication. Even in the era of COVID-19, people will require better eye drops to keep themselves safe. Thus, the company is hoping to witness huge demand in the global marketplace.
In October 2019, Israeli startup Orasis Pharmaceuticals introduced a corrective eye drop, which is an alternative to laser surgery, reading glasses, and contact lenses. This eye drop is likely to offer a permanent solution to billions of people in the world who are growing old and are living with age-related farsightedness. It will make it easier for the elderly population to see things clearly from a distance.
In 2018, scientists developed a fluid gel that forms a protective barrier that prevents the eye from getting infected by blinking. It is a novel eye drop that swiftly decreases scarring to corona or eye surface.

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