Strong Presence of Leading Players Benefits Europe Metal Cleaning Equipment Market

The process of metal cleaning involves the removal of unwanted chemically adhering substances such as rust and scale and physically adhering substances such as oil, dust, and chips. Metal cleaning equipment is used in almost every manufacturing process for applications such as heat treatment, surface treatment, maintenance and repair, and mechanical production. Metal cleaning plays a vital role in several industrial verticals such as food processing, electronics, optics, construction, car repair, and services.

Q. What will the Europe metal cleaning equipment market look like in the near future?

A. Europe is home to some of the largest metal cleaning equipment companies in the world, a fact that significantly boosts the metal cleaning equipment market in the region. In 2015, Transparency Market Research estimated that the market for metal cleaning equipment in Europe valued US$731.7 mn. The growth of micro, small, and medium enterprises and the rise in activities in the aerospace, automotive, and processing industries in the region are anticipated to boost the value of the metal cleaning equipment market in Europe to US$1.2 bn by 2024, registering a 6.2% CAGR therein.

Q. Which European country in the metal cleaning equipment market stands out in terms of performance?

A. The metal cleaning equipment market in Europe comprises Italy, Germany, the UK, France, Russia, and the Rest of Europe. Among these, Germany is the clearly the largest revenue contributor to the Europe metal cleaning equipment market. In 2015, the country held a 24.60% share in the overall market, fueled primarily by the growing demand from small and medium enterprises and large companies. Other factors driving the Germany metal cleaning equipment market include a significant increase in the number of startup companies and a surge in services provided to large manufacturing companies in the electronics, automotive, and industrial equipment sectors.

Q. How have industry events contributed toward the expansion of the metal cleaning equipment market in Europe?

A. Parts2clean is a leading industry event and international trade fair for industrial surface and parts cleaning that is held in Stuttgart, Germany. Stuttgart is well-known as a manufacturing hub and each year, international and national exhibitors showcase the latest innovations in the areas of maintenance, cleaning, disposal, and recycling of industrial equipment.

Market and technology leaders from within the industry help identify new solutions to optimize costs and processes and new standards in terms of innovative trends and developments in industrial cleaning are set at the exhibition. The 2015 edition of the trade fair saw participation from countries such as Austria, Italy, the U.K., Switzerland, France, and Spain, with the presence of leading players such as Sturm Holding GmbH, Pero AG, Metalwash Ltd., Durr Ecoclean GmbH, Rippert Anlagentechnik GmbH & Co. KG, Metalas Cleaning Systems, Hockh Metall-Reinigungsanlagen GmbH, Rosler Oberflachentechnik GmbH, and MecWash Systems Ltd.

Global Environmental Health and Safety Market to Gain from Cost-effective EHS Solutions Introduced to Benefit SMBs

Industrial accidents could pose heavy liabilities for industries since they not only create distress or personal grief for workers but may also lead to negative publicity and huge monetary compensations. Environmental health and safety (EHS) tools are therefore used by organizations to adhere to prevailing norms laid down to promote health and safety of workers.

North America and Europe have been at the fore of adopting various stringent EHS norms. Post the global downturn in 2008, various companies located in the aforementioned regions have proactively implemented robust, yet costly EHS monitoring tools. As per a report published by Transparency Market Research (TMR), the global environmental health and safety market is expected to exhibit a CAGR of 12.0% between 2016 and 2024. The market is projected to reach a valuation of US$8.31 bn by 2024 from US$3.01 bn in 2015.

Q: What factors will encourage or inhibit the growth of the global environmental health and safety market?

A: The global EHS market is poised to surge exponentially in the near future. The market will witness lucrative opportunities particularly in the emerging nations. However, the high cost of environmental compliance software dampens the rate of EHS adoption across SMBs at the early stage. In order to resolve this concern, several Federal agencies have been operational in mandating the implementation of EHS across developing nations. Additionally, these agencies have also introduced cost-effective solutions for SMBs and cost-sensitive economies to help them comply with the prevailing EHS standards. The market has been significantly gaining from the myriad statutory and legal regulations mandating organizations to maintain EHS standards. Driven by these factors, the global EHS market exhibits considerable growth potential worldwide.

Q: Why is North America considered the most lucrative regional market for EHS?

A: Based on in-depth research, analysts at TMR peg the EHS market in North America as the largest in the world. As per the TMR report, the global EHS market is expected to exhibit the highest CAGR of 13.2% between 2016 and 2024. The rapid expansion of the end-use industries in the region and the developed infrastructure of the U.S. have been significantly aiding the growth of the EHS market in North America.

An agency called the Occupational Safety and Health Organization (OSHA) is responsible for ascertaining a high EHS standard across industries in the U.S. Established in 1970, the institution encourages employers and employees alike to reduce the chances of workplace hazards. OSHA mandates companies to provide a workplace without any known hazards. With such stringent regulations in place, the EHS market in the U.S. is expected to witness robust growth in the forthcoming years.

Q: What gaps are noticed in the implementation of EHS regulations between developed and developing nations?

A: While developed countries are focusing on minimizing risk and maximizing awareness pertaining to the importance of deploying EHS programs, developing nations in many instances have fallen short of proving their dedication towards ensuring environmental health and safety. For instance, China witnessed two big explosions at a chemical warehouse in Tianjin port on August 2015 that killed over 159 people. The intensity of these blasts was so high that they sent shockwaves through apartment blocks located several kilometers away. Such incidents could be averted with stringent EHS program in place.

However, the scenario is much different in enterprises located in developed nations. For instance, in 2013, Johnson & Johnson, a multinational firm with diverse operations, began improving its safety culture by deploying a standardized approach across its supply chain. In 2015, the company started its global Safety Journey program. As many as 2,000 employees were trained under the Safety Culture Roadmap based on feedback obtained from over 56,500 employees and contractors on their present safety culture.

As more companies in developing countries follow in the footsteps of their counterparts in traditional markets, the demand for EHS is expected to rise steadily.

Bioplastic Packaging Market Driven by Rising Environmental Awareness, Government Support

Bioplastics are biodegradable alternatives to conventional, petroleum-derived plastics. Conventional plastics are among the most widely used substances around the world, but their synthetic nature means they are not biodegradable. This has become a major issue today, with plastic waste becoming a major cause of land pollution. Plastic waste is also harmful for animals, since many animals can inadvertently consume plastics, especially packaging materials, while scavenging for leftover scraps of food packaged in the plastic.

Growing Government Support to Environmental Protection Drives Bioplastic Packaging Market

The major driver for the global bioplastic packaging market is the increasing environmental awareness among the global population. The public opinion about conventional plastics is shifting due to the rising awareness about the problems they cause, and an increasing consumer pool is going green by using bioplastics.

Several governments have also expressed solid support to the bioplastic packaging market, as large-scale adoption of bioplastics helps prevent environmental damage and also allows the governments to redirect the money that would have gone into fixing the damage caused by plastics.

Due to the growing public support and regulatory incentives, many packaging companies are starting to incorporate bioplastics in place of conventional plastics in their operation. This allows the companies to appeal to their target audience while complying with the regulatory framework.

Europe Leads Global Bioplastic Packaging Market

Due to the strong support shown by Western European countries to the development of bioplastics, Europe is the largest market for bioplastics. The support shown by the people as well as governments in Europe is expected to drive the market in the coming years as well.

In the coming years, Asia Pacific is expected to be a major bioplastic packaging market. Currently, the high prices of bioplastics have restricted their use in developing regions. However, ongoing technological innovation into reducing the manufacturing cost of bioplastics and the steady support shown by governments all over the world are expected to ease the price gap between the two types of plastics, making it easier for emerging economies to adopt bioplastics on a large scale.

Africa and Asia Pacific Spearheading Global Off-grid Solar Lighting Market

Off-grid lighting refers to an approach of providing access to electricity to people living in remote areas or in places that have poor electricity infrastructure. The off-grid technology has witnessed significant development in the past few years owing to advances in wind and power generation technologies and improved efficiencies of wind and solar power systems available in the market.

The segment of off-grid solar lighting has especially been at the forefront of the immense research and technological developments witnessed in the green energy industry in the past years.

The effectiveness of solar power in creditably providing economic and reliable lighting products to some of the world’s weakest economies has already been demonstrated by the highly positive sales figures of a variety of solar powered devices in the past years. Off-grid solar lighting continues its excellent run in the global market and is expected to exhibit a 17.56% CAGR from 2016 through 2024, according to a recent TMR report. The market is seeing favorable developments in product innovation, government funding to promote their increased adoption, and receptiveness from the end user. 

Research Report: http://www.transparencymarketresearch.com/off-grid-solar-lighting-market.html

In this blog post, TMR analysts answer some questions pertaining to the future developmental prospects of the global off-grid lighting market:

What types of off-grid solar lighting systems/products are most primarily consumed worldwide?

The varieties of off-grid lighting systems/products that observe the highest demand across major regional markets are solar lantern systems and small and large solar home systems (SHS). Of these, a variety of solar home systems, called solar pico systems (SPS), or pico PV, have emerged as the favorite for rural electrification in the past few years. Of the over 4 mn off-grid solar lighting products sold in the second half of 2015 on a global front, over half of the reported unit sales were single light Pico-PV products. These numbers are from a recent report by The Global Off-Grid Lighting Association (GOGLA) and the World Bank’s Lighting Global program

Asia Pacific has excellent solar resources. How is the region performing on the off-grid solar lighting front?

The development of the off-grid solar lighting market has been excellent in the region over the years. Countries in the region have been very receptive about the several off-grid solar lighting devices and products that have entered the global market. Asia Pacific, in fact, accounted for a massive share of over 55% in the global off-grid solar lighting market in 2015. India, the current leader in terms of revenue realization in the Asia Pacific off-grid lighting market, is moving positively ahead on the path of further development of the sector.

Recently, India’s Ministry of New and Renewable Energy (MNRE) has announced the “Off-Grid and Decentralized Solar Applications” scheme as a part of its National Solar Mission. Under this scheme, the MNRE has announced a subsidy of 30% of the entire off-grid solar lighting system’s cost. The scheme is being implemented to promote the use of solar pumps, solar-powered street lights, and mini and micro grids in the rural parts of the country.

Which other regional market offers the global off-grid solar lighting market the most lucrative growth opportunities?

Africa is undoubtedly one of the most prominent regions that offers excellent growth opportunities for the global off-grid solar lighting market. The region has excellent solar resources and houses a large population that is devoid of reliable power supply or has a proper connection to electricity grids. As off-grid solar solutions make for the fastest and cheapest ways of extending energy sources, their demand has consistently increased in sub-Saharan Africa in the past years. An estimated 95% of the world’s population without electricity is living in sub-Saharan Africa and presents vast development opportunities for the global off-grid solar lighting market.

Rising Pollution Increases Adoption of Respiratory Monitoring Devices Globally

The rise in environmental pollution has increased the prevalence of respiratory disorders among people across the world. Just as the patient pool suffering from asthma, COPD, acute respiratory distress syndrome, or other respiratory diseases is rising, so is the demand for respiratory monitoring devices.

According to a study published by Transparency Market Research (TMR), the overall value of the global respiratory monitoring devices market was US$1.4 bn in 2014. Experts predict the market to expand at a CAGR of 8.20% during the period from 2015 to 2023 and arrive at an estimated value of US$2.80 bn by the end of 2023.

In this blog post, TMR analysts answer three important questions about the global respiratory monitoring devices market:

What are the major factors influencing the respiratory monitoring devices market worldwide?

The global rise in the incidence of respiratory diseases, heavily boosted by the increase in the geriatric population, is the key factor fueling the demand for respiratory monitoring devices across the world. Apart from this, technical advancements are also propelling the worldwide market for respiratory monitoring devices significantly.

On the other hand, the high cost of respiratory devices is impeding their adoption among individuals, thereby limiting the growth of this market considerably. However, the increasing focus of market players on expanding their businesses in emerging countries of Asia Pacific is expected to drive the market in the coming years.

How will Asia Pacific prove to be beneficial for market participants?

The high prevalence of unmet needs in the developing economies of Asia Pacific are likely to present lucrative opportunities to market players looking to venture into this region. The huge base of the population, various government initiatives to increase awareness pertaining to healthcare, and strengthening economies are expected to fuel the demand for respiratory monitoring devices in this region in the near future.

In addition to this, the improvement in healthcare infrastructure and better disease management are projected to increase the adoption of expensive respiratory monitoring devices in hospitals and nursing homes in Asia Pacific, driving the market over the next few years.

Which are the leading companies operational in the global respiratory monitoring devices market?

ResMed, Smiths Medical, Masimo, GE Healthcare, MGC Diagnostic, COSMED, ndd Medical, and CareFusion are the leading participants in the global respiratory monitoring devices market. CareFusion emerged as the market leader in 2014 on account of its widespread presence and extensive product portfolio.

Browse Press Release: 

http://www.transparencymarketresearch.com/pressrelease/respiratory-monitoring-devices.htm

At the American Association for Respiratory Care (AARC) Congress 2015, the company introduced its newest range of respiratory solutions including the CareFusion ventilation system, AirLife® Respiratory Products, Infant Flow SiPAP system, Respiratory Diagnostics Pulmonary Function Testing (PFT) and Exercise, Transport and Emergency Preparedness Ventilators, Respiratory Diagnostics EMR connectivity, Respiratory Diagnostics Sleep, and several other solutions.

CareFusion expects to strengthen its position in developing economies with this portfolio expansion.

Needle-Free Drug Delivery Devices: Increasing Incidence of Needle Stick Injuries Globally Making Needles Needless in Future

Pills and potions are widely accepted methods of drug delivery in modern day medicine. However, there is an immense change seen in this trend with specialized delivery devices being preferred over the traditionally utilized methods. These specialized delivery devices present safer, more effective methods of administering medication. Fuelled by an increasing demand for pain-free delivery and faster acting drugs, the drug delivery market is now headed towards a phase of utilizing needle-free injection systems. The rising transmission of chronic diseases such as dengue fever, hepatitis viruses, and AIDS and neurological diseases is predicted to stimulate the growth of needle-free drug delivery devices market. As per the WHO, in 2014, the diseases transmitted through the utilization of injections have soared by 20.0% globally, thus propelling the clinical urgency of developing needle-free drug delivery devices. 

Transparency Market Research (TMR), a market intelligence company provides a bird’s eye view of the market for needle-free drug delivery devices and provides answers to relevant questions for providing a better understanding of the market. 

Q. What challenges have been overcome by utilizing needle-free injection systems?

Needle-free injection systems utilize a liquid drug delivery technology designed to work with drug formulations already available on the market. This helps in reducing the development costs and expedites the development cycles of these products. A number of challenges posed by the traditionally utilized delivery methods have been addressed by utilizing needle-free injection systems. These include reducing the risk of infections, overcoming the aversion of patients towards needles, ease of use, painless delivery of drugs, and formulations made for gradually releasing injected drugs, hence lowering the frequency of injections. In addition, the risk of injuries from broken needles is nil. An enhancement in the consistency of drug delivery is also amongst the key advantage of using needle-free drug delivery devices. 

Q. Which technology is poised to become the future of the needle-free drug delivery devices market?

Although, the competing needle-free technology led the market in 2014, it has been predicted that jet injectors will exhibit a higher growth rate in the coming years. This is owing to the increasing occurrence of needle-stick injuries globally and the increasing proliferation of high performance cutting-edge products in this segment. For example, PharmaJet Stratis, a product of Pharmajet, delivers an influenza vaccine in a time duration of 1/10th of a second.  

TMR predicts the transdermal patch technology segment to exhibit the fastest growth rate in the forecast horizon. This is owing to the controlled drug delivery, ease of usage, and the increasing adoption of transdermal patches among patients having diabetes.

Browse Press Release: 

http://www.transparencymarketresearch.com/pressrelease/needle-free-delivery-devices-market.htm

Q. What are the implications and future outlook of the market?

The future of needle-free drug delivery devices seems bright owing to the increasing preference for painless delivery of medication and the rising requirement for preventing needle stick injuries. The market will be dynamic owing to the vast array of technologically advanced products from in the pipeline of numerous leading companies. Chances of more consolidations are also high. For instance, not long ago, MannKind Corporation developed an inhalable insulin drug called AFREZZA. This drug is a rapidly acting inhaled insulin therapy utilized for improving glycemic control in patients having diabetes. Hence, similar product innovations will further boost the growth of the market for needle-free drug delivery devices. 

Global Nanotechnology Drug Delivery Market Gains from Rising Demand for Technically Advanced Drug Delivery Systems

The application of nanotechnology in drug delivery is poised to surge rapidly in the coming years. Currently, a number of substances are being researched for drug delivery, especially for therapies used in the treatment of diabetes, cancer, and other chronic diseases. The key regional markets, namely North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa have been witnessing immense growth in nanotechnology drug delivery since the last few years.

Nanoparticles reduce the toxicity and curb side-effects of drugs. The application of this technology in drug delivery has improved the delivery of drug molecules to nanometer range. The growing prevalence of various infectious and chronic diseases, advancements in nanotechnology, and the rising demand for technically advanced drug delivery systems are boosting the worldwide market for nanotechnology drug delivery significantly.

Transparency Market Research (TMR) has recently published a study on the global nanotechnology drug delivery market. According to the study, the market attained a value of US$4.1 bn in 2014. Analysts expect it to rise at a CAGR of 12.50% during the period from 2015 to 2023 and reach US$11.9 bn by the end of 2023.

Which of the regional markets for nanotechnology drug delivery is likely to report the highest growth in the coming years?

The Latin America market for nanotechnology drug delivery is expected to register the highest growth in the coming years. The increasing government support in terms of funds for research and development activities in the field of nanotechnology is boosting the Latin America market remarkably.

In addition to this, the increasing focus of leading market players such as Johnson & Johnson and Novartis to strengthen their presence in countries such as Mexico and Brazil is likely to propel this regional market for nanotechnology drug delivery over the next few years.

What are the factors driving the market for nanotechnology drug delivery in other regions?

The increase in research activities by major pharma companies in North America to incorporate nanotechnology in drug delivery is driving the nanotechnology drug delivery market in the region. The Europe market is led by the growing application of nanotechnology in biopharmaceuticals.

The presence of a large consumer base and a huge market for generic drugs is propelling the Asia Pacific market. The market in the Middle East and Africa is expected to derive growth from the infrastructural advancement in the healthcare industry in the near future.

What are the key strategies adopted by leading market participants for their business expansion?

Mergers, acquisitions, and alliances are the key strategies adopted by major companies operating in this market for their business expansion. For instance, Blueberry Therapeutics Ltd., a leading pharmaceutical enterprise, has developed a novel nanopolymer delivery technology that allows it to deliver drugs into cells and tissue effectively. Using this technology, the company is developing nanomedicines for the treatment of inflammatory and infectious diseases.

Browse Research Release: 

http://www.transparencymarketresearch.com/pressrelease/nanotechnology-drug-delivery.htm

Another major pharma company, Bind Therapeutics has recently announced its collaboration with PeptiDream, a Japan-based peptide developer, to research on nanomedicines.

Such strategies adopted by the leading companies are expected to positively influence the market’s trajectory in the near future.