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The growing construction industry in developing regions such as MEA, Asia Pacific and Latin America is expected to fuel the growth of concrete admixtures as well as polycarboxylate ethers across the globe. Countries in MEA and Asia Pacific are focussing on increasing their construction spending and infrastructure over the forecast period.

The increasing number of infrastructure and housing projects, and enhancement of public transportation facilities, including roadways and railways, are anticipated to result in investments towards road and tunnelling development projects across India, Brazil, and Mexico, among others.

However, the dearth of awareness pertaining to the utilization of construction chemicals is one of the major factors which is expected to restrain the demand for polycarboxylate ether in the near future. Construction chemicals (concrete admixtures, etc.) are specialty chemicals that require relatively higher precision while usage. The addition of the proper amount of product and proper method of application are important factors that determine their effectiveness.

Reduction in water usage and time of construction is are major concerns of contractors and manufacturers, that could be correctly addressed by making effective use of concrete admixtures. Further, prominent manufacturers of polycarboxylate ether are found to be involved in the improvement of construction quality activities.

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Global Polycarboxylate Ether Market: Regional Outlook

Considering regions, the global polycarboxylate ether market is expected to be dominate by the Asia Pacific region, owing to the growing demand for concrete-based products, supported by escalating construction industry growth in developing countries such as India and China. Middle East & Africa, spearheaded by GCC Countries, is expected to show significant growth opportunities in the polycarboxylate ether market, owing to the rising demand from new construction.

The polycarboxylate ether markets in North America and Europe are expected to grow at moderate rates over the near future. The polycarboxylate ether market in Latin America is expected to grow at an above-moderate rate over the forecast period.

Global Polycarboxylate Ether Market: Market Participants

Examples of some of the market participants involved in the global polycarboxylate ether market include Arkema, BASF SE, Finnsementti Oy, Sintez Kimya, KG Chemical Corporation, KZJ New Materials Group Co., Ltd., Himadri Speciality Chemical Ltd., Ruia Chemicals Pvt. Ltd., Sakshi Chem Sciences Pvt. Ltd., B & B Specialities (India) Pvt. Ltd., ASP Chemisch, CICO Technologies Limited, and others.

The global polycarboxylate ether market is found to be one of the most consolidated in nature, owing the presence of a limited number of players in the market.

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.

Global Polycarboxylate Ether Market: Segmentation

Globally, the polycarboxylate ether market has been segmented on the basis of product form, grade, and application.

Based on product form, the global polycarboxylate ether market has been segmented into:

• Solids
• Liquids

Based on grade, the global polycarboxylate ether market has been segmented into:

• Technical
• Industrial

Based on application, the global polycarboxylate ether market has been segmented into:

• Concrete Admixtures
• Precast Concrete
• Others

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.

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Worldwide 2 – Ethyl Anthraquinone market is expected to be esteemed at US$ 5.3 Billion out of 2022, estimate to develop at a CAGR of 5.2% to be esteemed at US$ 8.8 Billion from 2022 to 2032. Because of solid interest for 2-ethyl anthraquinone in these nations, Africa and South America are probably going to have impressive market development all through the conjecture period.

In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for 2 – Ethyl Anthraquinone. FMI provides a new study to elucidate the potential growth parameters of the 2 – Ethyl Anthraquinone market. On the back of prevailing trends FMI presents a positive growth outlook.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on 2 – Ethyl Anthraquinone market structure.

FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

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FMI’s latest report on global 2 – Ethyl Anthraquinone market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary 2 – Ethyl Anthraquinone in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the 2 – Ethyl Anthraquinone market.

In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.

With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the 2 – Ethyl Anthraquinone market is expected to witness in the upcoming decade.

Impact of COVID-19 on 2 – Ethyl Anthraquinone Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the 2 – Ethyl Anthraquinone market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

Important Questions Answered in the 2 – Ethyl Anthraquinone Market Report

1. How will the 2 – Ethyl Anthraquinone market expand through 2032?
2. Which region is the most lucrative in the 2 – Ethyl Anthraquinone market?
3. What are the recent technological developments in the 2 – Ethyl Anthraquinone market?
4. What are key challenges and competition threats faced by 2 – Ethyl Anthraquinone market players?
5. Who are prominent players leading the 2 – Ethyl Anthraquinone market?

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2 – Ethyl Anthraquinone Market: Key Segmentation

By Region

• North America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Latin America
• Middle East & Africa

Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.

Type:

• Granules
• Crystals

Application:

• Paper
• Textile
• Detergent Bleaches
• Water Purification
• Others

2 – Ethyl Anthraquinone Market: Competitive Evaluation

The FMI’s 2 – Ethyl Anthraquinone market report provides a comprehensive analysis on key players operating in the 2 – Ethyl Anthraquinone market. Some of the key players are:

• I. du Pont de Nemours and Company
• Alfa Aesar
• Nanjing Chemlin Chemical Co.Ltd
• XiaoGan ShenYuan ChemPharm Co. Ltd
• Chembridge International Corp. J & K Scientific Ltd.
• Meryer (Shanghai) Chemical Technology Co.Ltd.

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

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Why Buy FMI’s Report?

• Extensive analysis on high growth niche markets across major regions
• Detailed assessment on key segments and sub-segments
• Recent and upcoming strategies tracked of manufacturers for the 2 – Ethyl Anthraquinone market
• Reliable information on new product launches, technological advancements, and more
• Valuable insights on the impact of regulatory framework on the global 2 – Ethyl Anthraquinone market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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This Sheet Metal Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.

Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Sheet Metal Analysis market.

Sheet Metal Market: Introduction

The sheet metal is a type of metal manufacture by the industrial processes by converting the metal into thin or flat metal sheet. The sheet metal can easily cut or bent in numerous sizes and shapes as per the consumer’s need. The various large equipment made by these sheet metals such as pipe, automotive body among others.

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The extremely thin sheet metal is also called as leaf or foil. The sheet metal can be manufactured by the various metals such as tin, nickel, copper, steel, aluminum and brass. Sheet metal is available in various shapes, designs, and materials in the market. The sheet metal which has thickness more than 6 mm is also known as a plate.

Sheet Metal Market: Market Dynamics

Sheet metals find their major share of usage in manufacturing of automotive vehicle bodies, with increasing automotive production across the globe is likely to drive the demand for sheet market.

Likewise, government initiatives to boost the domestic commercial aircraft and development of fuel-efficient aircraft is likely to fuel the growth of the sheet metal market. The growing infrastructure development and construction of the commercial buildings and other civic infrastructure across the globe are expected to drive the demand for sheet metal.

The increasing investment in the oil & gas pipeline projects across the globe is positively impact the demand for sheet metal market. Rising trend of architecture and interior decoration is projected to increase demand for sheet metals in the upcoming year.

Many sheet metal market participants are designing & manufacturing the sheet metal much thinner and refined forms in order to make them applicable for lighter automotive applications. This trend is expected to remain prominent moving forward among the manufacturers. Traditionally, galvanized, electrical steel, coil coated and color coated metal sheets were produced and incorporated in all respective fabrications by the end use industries.

The latest advance manufacturing technology such as 3D printing which enhances the process of manufacturing as well as the quality of the product will further impel the growth of the sheet metal market. Increasing use of the carbon fiber and other composite material in the automotive, aerospace among others for reducing the overall weight is expected to directly challenge the demand for the sheet metal.

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Sheet Metal Market: Regional Outlook

Asia Pacific is expected to observer the significant growth in the automotive sector and many developing countries have infrastructure & industrial construction project which likely to drive the demand for sheet metal. North America is expected to record significant growth in the sheet metal owing to increasing construction and oil gas pipeline investment across the region.

Europe has the highest adoption rate of new and advanced technologies, especially those related to decreasing the environmental footprint. These factors are likely to influence the demand for lightweight sheet metal in the region. The Middle East & Africa has expected witness moderate growth on the back of upcoming oil & gas pipeline project across the region.

Sheet Metal Market: Key Participants

Globally, the sheet metal market is found to be fairly fragmented in nature owing to the presence of a large number of local and regional players. Key manufacturers involved in the global sheet metal are continuously focusing on improving the manufacturing processes to reduces the overall expenditure, such as the use of laser cutting, water jet cutting among other for the sheet metal manufacturing

List of some of the prominent market participants in sheet metal market are

• Moulds Pvt. Ltd.
• SSR Metals Private Limited.
• Fabrinox
• United States Steel Corporation
• Nucor Corporation
• General Sheet Metal Works Inc
• Bud Industries Inc
• BlueScope Steel Limited
• ATAS International Inc
• A&E Manufacturing Company
• ABC Sheet Metal
• Associated Materials LLC
• Dulocos Conveyors

“The research report on sheet metal market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

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The sheet metal market report also contains projections using a suitable set of assumptions and methodologies. The research report on sheet metal market provides analysis and information according to market segments such as material type, thickness and application.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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[311 Pages Report] The extracorporeal membrane oxygenation systems market is progressing steadily with a CAGR of 5% from 2022-2032, as per the extracorporeal membrane oxygenation systems market analysis by Future Market Insights (FMI).

[332 Pages Report] The global vaccines market size is expected to reach US$ 120 Bn by 2032, growing at a 10% CAGR over the forecast period. The advent of existing and re-emerging infectious diseases, expanding industry reforms to promote vaccine R&D, growing public funding for developing drugs, and increasing immunization emphasis are all driving the growth of vaccines.

Experts warn that future pandemics and outbreaks might be even more deadly than COVID-19. Diseases could arise primarily based on pathogens into human, animal, or plant populations for terrorist goals. The expanding presence of infectious diseases will ensure a continuous and growing demand for vaccines in the coming years.

Furthermore, the advent of new diseases will result in increased R&D spending, a robust pipeline, and new vaccination prospects for significant populations.

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Due to their large patient populations and rising disposable incomes, emerging regions such as India, China, and Southeast Asia provides an attractive potential for the vaccination business. Major market companies have been enticed to engage in these economies because of their growth potential.

As per emerging vaccines market trends, various organizations and institutions, such as GAVI, are also working to improve vaccine use in impoverished countries, for example, by distributing vaccines at reasonable prices. As a result, these countries have become vital growth hotspots in the vaccine market.

Another vaccines marketing strategy is the rise in low-cost vaccinations. To expand the reach of immunization programmes in these economies, companies are investing in and focusing on creating inexpensive, low-cost vaccines.

Vaccines have a greater storage and distribution cost than any other pharmaceutical product because they require specific equipment and monitoring systems. Vaccine quality might be harmed by a lack of suitable storage and delivery facilities. As a result, vaccines market share is being stifled by the heavy price of vaccine production and storage.

Key Takeaways:

• The high prevalence of infectious illnesses, government organizations’ continued growth in vaccine development, market participants’ expanding R&D investments, and mandated reporting are some of the essential drivers propelling the sales for vaccines globally.
• The substantial proportion of this category in the vaccines market is ascribed to the release of new multivalent vaccines, increased funding by critical players in multivalent vaccine R&D, and technological innovations in multivalent vaccine development.
• The vaccines market report states that the influenza category is expected to grow fastest. The global consumption of influenza vaccines is supported by rising knowledge of the necessity of influenza vaccination, increased government initiatives to prevent influenza, and more clinical studies.
• The vaccines market trends state that intramuscular vaccine delivery is expected to grow the fastest. The convenience of intramuscular injection propels the segment, and the fast absorption of vaccines is provided in this way.

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“The high frequency of diseases, increased government immunization campaigns, technological advancements in the vaccine business, a solid vaccine pipeline, and the advent of the COVID-19 pandemic are all factors to consider,” opines an FMI analyst.

Comparative View of Adjacent Vaccines Market

Competitive Landscape:

Sanofi (France), Daiichi Sankyo Co., Ltd. (Japan), Merck & Co., Inc. (US), GlaxoSmithKline plc (UK), Johnson & Johnson (US), CSL Limited (Australia), Emergent BioSolutions Inc. (US), Pfizer Inc. (US), and AstraZeneca PLC have the highest market share by the company as highlighted in the global vaccines market report.

• In August 2021, GlaxoSmithKline plc filed a Biologics License Application (BLA) with the US Food and Drug Administration (FDA) for their investigational vaccine PRIORIX, which seeks authorization to be used against measles, mumps, and rubella (MMR) in the United States. The vaccine was first licensed in Germany and is now approved in more than 100 countries around the world.
• INOVIO Pharmaceuticals announced in June 2021 that it is expanding its collaboration with Advaccine Biopharmaceuticals Suzhou Co Ltd. to conduct a Phase 3 trial for their investigational COVID-19 DNA vaccine INO-4800, in patients aged 18 and up in several countries, particularly in Latin America and Asia.

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Vaccines Market Key Segments
By Technology:

• Conjugate Vaccines
• Inactivated and Subunit Vaccines
• Live attenuated Vaccines
• Recombinant Vaccines
• Toxoid Vaccines
• Viral Vector Vaccines

By Type:

• Monovalent Vaccines
• Multivalent Vaccines

By Route of Administration:

• Intramuscular & Subcutaneous Administration
• Oral Administration
• Other routes (Intranasal, Intradermal and Percutaneous)

By Disease Indication:

• Influenza
• Pneumococcal Diseases
• Combination Vaccines
• HPV
• Herpes Zoster
• Meningococcal Diseases
• Rotavirus
• MMR
• Varicella
• Hepatitis
• DTP
• Polio
• Covid-19
• Other Disease Indications (Cancer, Dengue, Tuberculosis, Typhoid, Japanese Encephalitis, Rabies, Yellow Fever, and Allergies)

By End User:

• Pediatric Vaccines
• Adult Vaccines

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Leukemia Therapeutics Treatment Market : During the forecast period, the leukemia therapeutics treatment market is expected to record a CAGR of 7.1 per cent to reach a valuation of US$ 17 Bn by 2024, from a valuation of US$ 13 Bn in 2020.

Mobile Cardiac Telemetry Systems Market : The global mobile cardiac telemetry systems market enjoys a valuation of US$ 825.3 Mn in 2021, and it is further projected to expand at a CAGR of 12.5% over the forecast years.

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About FMI:

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[321 Pages Report] Per the point-of-care molecular diagnostics market survey by Future Market Insights (FMI), the market is forecasted to move forward at an average pace and register a CAGR of 8% from 2022 to 2032.

Many current POC diagnostics are based on lateral flow immunoassay technology, and these instruments use antibodies to detect the presence of an analyte, such as cancer biomarkers, in a short period and thus, having the effect of spurring the point-of-care molecular diagnostics market growth to a large extent.

As per the point-of-care molecular diagnostics market report, the demand for point-of-care molecular diagnostics is on a surge owing to the growing trend toward preventive medicine. This is considered to shape the point-of-care molecular diagnostics future trends to a large extent.

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According to United Nations data, the number of older adults has steadily increased for decades. As a result of this demographic shift, the prevalence of various chronic diseases is rising, thereby facilitating the adoption of point-of-care molecular diagnostics devices.

The study finds that current cancer diagnostic methods are invasive (for example, cystoscopy, which involves inserting a hollow tube/cystoscope installed with a lens into the urethra and bladder to diagnose cancer). However, less invasive methods, such as point-of-care molecular tests, can be available for point-of-care cancer diagnostics, broadening the point-of-care molecular diagnostics opportunities.

Though most of the industries’ overall sales of molecular diagnostics dwindled steeply due to the COVID-19 pandemic and the use of molecular diagnostic methods for COVID-19 testing, it had a positive impact on the point-of-care molecular diagnostics market size.

As countries gradually slacken their restrictions on movement, there is a resurgence in testing numbers. Aside from vaccines and therapeutic drugs, there is an increasing demand for the development of more precise and simple testing technologies and the expansion of testing structures.

Thus, point-of-care molecular diagnostics companies have made strategic decisions to introduce POC rapid tests, maintain revenue, and mitigate COVID-19’s impact on their operational capabilities. This point-of-care molecular diagnostics market trend is expected to continue in the coming years.

Aside from cancer in the elderly, respiratory diseases in children and adults are becoming one of the top five causes of death. However, as per Pfizer, there are currently no RSV immunization options available, although many vaccines are still in clinical trials.

People are dying due to this since they are unaware of the available treatment. Thus, the prevalence of point-of-care molecular diagnostic tests plays a vital role in quick analysis and, as a result, in providing patients with immediate treatment.

The point-of-care molecular diagnostics market is predicted to muster a total revenue of around US$ 4 Bn by 2026 on account of the abovementioned factors.

Key Takeaways

• The assays and kits segment is expected to account for a significant chunk of the POC molecular diagnostics market based on the product type. The market growth of this segment is being driven by the widespread purchase of these products’ POC diagnostic devices as a result of their frequent usage.
• The RT-PCR segment is expected to dominate the point-of-care molecular diagnostics market in terms of technology, owing to the increasing use of RT-PCR in proteomics, genomics, and COVID-19 testing and the availability of portable, easy-to-use POC devices.
• The respiratory diseases segment is projected to lead the POC molecular diagnostics market on account of the shift of concentration by key players on various strategies for developing advanced point-of-care diagnostics devices.
• By end-use, the hospital bedside segment is expected to witness the most significant point-of-care molecular diagnostics market share due to the rising adoption of advanced instruments in these settings and rapid investments in hospital infrastructure by the public and private sectors in emerging countries.
• The Asia Pacific region is expected to proliferate due to the expansion of key market players, a lack of sophisticated central laboratory point-of-care molecular testing services, and the potential cost-effectiveness of POC molecular diagnosis.

“The North American market is expected to be at the forefront of the point-of-care molecular diagnostics market, attributable to the United States’ emerging trends in point-of-care molecular diagnostics market such as well-organized health-care system. In addition, the system promotes research and development. These policies encourage foreign players to enter the United States and the North American market. As a result, many global market players are present in this region, and the market is projected to flourish as high demand is met by the presence of global players in the region.” opines an FMI researcher.

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Competitive Landscape

The top point-of-care diagnostics companies are developing most point-of-care molecular diagnostic tests and have established their market position by investing more in research and developing a better distribution system.

The entry of new players challenges the semi-consolidated market and may result in intense competition during the forecast period.

Furthermore, due to increased awareness, the Asia-Pacific region is seeing the emergence of some minor players, which aided the point-of-care molecular diagnostics market growth.

LLC. (US), Danaher Corporation (US), Alere Inc. (US), Quidel Corporation (US), Biocartis Group NV (Belgium), bioMérieux SA (France), Thermo Fisher Scientific (US), Mesa Biotech Inc. (US), F. Hoffmann-La Roche Ltd., and Meridian Bioscience Inc. (US) are the critical point-of-care diagnostic companies profiled in the global POC molecular diagnostics market.

Recent developments in the point-of-care molecular diagnostics market are as follows:

• The World Health Organization (WHO), Africa Centers for Disease Control and Prevention (Africa CDC), the Bill & Melinda Gates Foundation, the Clinton Health Access Initiative (CHAI), the Foundation for Innovative New Diagnostics (FIND), and the Global Fund constituted a global partnership. Today, the organization announced the launch of the COVID-19 rapid test in low and middle-income countries.
• Mylab Discovery Solutions has collaborated with Hemex Health, the United States company, to develop next-generation diagnostic solutions for coronavirus and another point-of-care diagnostic testing.

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Point-of-care Molecular Diagnostics Market Key Segments

By Product & Service:

• Assays & kits
• Instruments & Analyzers
• Software & Services

By Technology:

• RT-PCR
• INAAT
• Other technologies

By Application:

• Respiratory Diseases
• Sexually Transmitted Diseases
• Hospital-acquired Infections
• Cancer
• Hepatitis
• Gastrointestinal Disorders
• Other Applications

By End User:

• Physicians’ Offices
• Hospitals & ICUs
• Research Institutes
• Other End Users

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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[341 Pages Report] According to a recent analysis from Future Market Insights, the global sepsis diagnostics market size is predicted to reach US$ 1.3 billion by 2032. Furthermore, it is expected to grow at a CAGR of 9% throughout the projection period. Over the projected period, the increased prevalence of sepsis, the development of technologically enhanced diagnostic methods, and growing government programs are expected to increase the number of active sepsis diagnostics companies.

According to a recent study by Future Market Insights (FMI), sales of home infusion therapy devices are expected to top US$ 2.0 Bn in 2021, growing at a CAGR of over 6.5% during the forecast period (2021-2031).

Home infusion therapy devices are used for the intravenous administration of medicines. It is commonly prescribed for patients with serious infections and specialized diseases when orally administered medicines are not or comparatively less effective.

Application of home infusion therapy devices is increasing with the rising number of surgeries conducted across the globe. Post-surgery pain management at home can be done with the help of home infusion therapy devices.

Besides this, rising healthcare expenditure and growing awareness regarding the risk and infection amidst the outbreak of COVID-19 is driving the demand of home infusion therapy devices.

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Key Takeaways from Home Infusion Therapy Devices Market Study

• By product type, infusion system accessories will hold around 45% of value share globally.
• Based on the application, antibiotic administration is leading with over 34% of the market share.
• Home care settings sales will dominate the home infusion therapy devices, with a market share of 65% during the forecast period.
• By region, the U.S. will dominate the global home infusion therapy devices market with a value share of around 37% during the forecast period.
• Followed by North America, Europe will be the second-largest leading region, with a value share of 93.2% during the forecast period.
• India is the dominant country in term of revenue for South Asia Home infusion therapy devices market, accounting for nearly 48% of market share in 2021.
• China holds leading position in East Asia and is expected to account for nearly 52% of market share.

“Growing prevalence of chronic diseases such as diabetes and cancer in the midst of COVID-19 pandemic and high risk of infection across hospitals encouraged key players to invest in new product launches. This is expected to enable growth in the market in the coming years” says a FMI Analyst.

Who is Winning?

Key players are focusing on new product launches and approvals. Other growth strategies adopted by leading players include, agreements, and collaborations among key manufacturers. By focusing on these strategies, key players are expanding their geographic presence and strengthening their existing product portfolio.

For instance,

• In June 2019, Baxter International Inc. announced that Myxredlin that is the first and only ready-to-use insulin for IV infusion get the US FDA approval.
• In Jan 2019, Fresenius Kabi AG launched two colourful bags via white spiral cables to supply the nutrient solution for parenteral nutrition.
• In April 2017, B. Braun Melsungen AG announced the launch of home infusion therapy App named Easypump® for healthcare professionals and patients.

The key market players profiled by FMI include Becton, Diciknson & Company, B.Braun Melsungen AG, Baxter International, Fresenius Kabi, Terumo Corporation, ICU Medical, Nipro Corporation, Smiths Medical, Micrel Medical Devices SA, Moog Inc., JMS Co.Ltd., Intera Oncology, and Others Top-up.

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Home Infusion Therapy Devices Market by Category By Product Type:

• Disposable Elastomeric Pumps
• Insulin Pumps
• PCA Pumps
• Electronic Ambulatory Pumps
• Infusion System Accessories

By Applications:

• Enteral Nutrition
• Parenteral Nutrition
• Chemotherapy
• Antibiotic Administration
• Others

By End User:

• Home Care Settings
• Long Term Care Centers

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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According to Future Market Insights (FMI), the demand for insulin pens is expected to rise considerably in the coming decade, enabling the market to surpass a valuation of US$ 30,407.5 Mn by the end of 2021.

Insulin pens are used by diabetes patients to avoid problems including cardiovascular diseases that may arise from this lifestyle-based ailment. To overcome problems related to conventional methods of insulin administration, insulin pens make the process easier and faster.

According to the WHO, approximately 1.2 million deaths were caused due to diabetes in 2019 globally. To reduce the number of deaths or sufferings due to diabetes, the development of innovative techniques and products for the treatment and maintenance of diabetes is essential.

Type 2 diabetes cases are common, but it can be prevented or delayed by a healthy diet, consistent physical activity, maintaining a standard body weight and avoiding the use of tobacco. Diabetes can be treated or managed with medicines and regular checking and treatment. Increasing focus on innovative medical products and research are increasingly driving a transition towards insulin pen by diabetes patients.

Leading manufacturers in the insulin pen market are strengthening their market position through collaborations with various health and research organizations. Governments in developed and developing countries are actively taking initiatives to encourage innovative medical products.

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For instance, in November 2020, Medtronic introduced CGM integrated smart insulin delivery pen to manage multiple daily dosage insulin injections. Similarly, Insulet expanded its offering of OmipodDASH into additional countries such as Sweden, Finland, Norway, and Denmark.

Key Takeaways from Insulin Pen Services Market Study

• Reusable insulin pens are expected to account for over 49% the global market share by 2031, supported by a growing base of environment and cost-conscious consumers.
• Hospital pharmacies will account for 33.8% of the market share in 2031. The soaring influx of patients for treatment and intensive care support supports growth.
• The U.S. is projected to be the fastest-growing regional market with a CAGR of 5.6% through 2021-2031 owing to the matured healthcare sector of the country.
• The U.K. and Germany are leading markets in Europe, accounting for more than 18% and 25% in 2021.
• China is the largest and fastest growing market in East Asia, exhibiting a 4.7% CAGR through 2031.
• Australia is leading the Oceania market, accounting for more than 85% of insulin pen revenues in 2021.

Who is Winning?

The global insulin pen market is set to expand due to the rising prevalence of type 1 and type 2 diabetes. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

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Some of the leading players in the insulin pen market include but are not limited to NovoNordisk A/S, Sanofi, Eli Lilly, Diamesco Co., Ltd., BigFoot Biomedical, Inc, Medtronic plc, Emperra GmbH E-Health Technologies, YpsoMed AG, and DUKADA Aps.

Insulin Pens Market by Category

By Product Type:

• Reusable Insulin Pen
• Refillable Pens
• Bluetooth Connected Smart Insulin Pen
• USB Connected Smart Insulin Pen
• Cartridge
• Disposable Insulin Pens
• Smart Insulin Pens Caps
• Insulin Pump

By Indication:

• Type 1
• Type 2

Distribution Channel:

• Hospital Pharmacy
• Retail Pharmacy
• Online Sales
• Diabetes Clinic/Center

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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