Friday, 22 May 2020

Medical Plastics Market 2020 Future Forecast Indicates Impressive Growth Rate

The global medical plastics market is anticipated to reach over USD 37.5 billion by 2026 growing at a CAGR of 6.1% according to a new study published by Polaris Market Research. The report “Medical Plastics Market Share, Size, Trends & Industry Analysis Report by Type (Standard Plastics, Engineering Plastics, Others); By Application (Medical Device Packaging, Medical Components, BioPharma Devices, Mobility Aids, Sterilization and Infection Prevention, Others); By Region: Segment Forecast, 2018 – 2026” provides a comprehensive analysis of present market insights and future market trends.

In 2017, the medical components segment dominated the global industry. North America will be the key revenue contributor during the forecast period. Plastics are now no more just an existing component but have grown in stature in advanced devices and is anticipated to support the growth of medical plastics market.

The key players in Medical Plastics includes E.I DuPont de Nemours and Company, HMC Polymers, Specialty Silicone Fabricators, Inc., Trinseo S.A., GW Plastics, Inc., Eastman Chemical Company, The Dow Chemical Company, Orthoplastics Ltd and Saint Gobain Performance Plastics among others.



The factors boosting growth stems from the geriatric population and their demand for services, rising home healthcare services and self remedies that boosts the market. Other driving factors include Government impetus for promotion of quality healthcare services, rising demand for minimally invasive procedures and technological advancements. However strict Government rules and absence of standardized healthcare regulations globally are expected to hinder growth of market. An ever-lasting demand from developing nations and technological innovation coupled with a persistent use of plastics in place of metals are expected to provide overwhelming growth opportunities to players during forecast period.

Volatility in prices of polyvinyl chloride, polyethylene, polypropylene and polystyrene has affected the market. The increasing aged people in the United States. added to the growing lifestyle diseases in the country drives growth of medical plastics in the region. The industry is pronounced by large number of companies involved in production of advanced grade plastics for use adding to growth in the market.


The industry is characterized by multiple technological gains that pertain to manufacture of advanced plastics in the market. Keys strategies include players invest time and efforts in R &D and develop advanced products. High degree of cost competitiveness will boost growth of medical Plastics. High production volumes coupled with ease of availability of medical plastics are expected to bring about increase in buyer strength. 

The use of thermoforming polypropylene leads to high strength packaging thereby offering very high impact resistance to the packaged products. Furthermore, packaging made of polypropylene is found to be highly durable and sterile leading to big growth in demand. PETG is a specialized plastic that owns properties such as superior moisture and oxygen barrier coupled with high transparency leading to efficient packaging proponent of device components.

The Governing agencies in U.S. keep belief in recycling plastics with federal agencies investing a solid amount towards healthcare, enough to boost industry. An increasing requirement for dental and body contouring implants in Europe is anticipated to have a positive impact on medical plastic industry growth in forecast period. High disposable income and an expanding cosmetic dentistry is expected to add growth to medical plastics in the region. Factors such as product quality and cost competitiveness are impacting buyer decision.

China is projected to post substantial growth over forecast period. This is due to high healthcare cost and growing incidence of diseases. Increasing aged population in China is also a contributor to industry growth.



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Location Analytics Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2026

The global location analytics market size is expected to reach USD 29.87 billion by 2026 according to a new study by Polaris Market Research. The report “Location Analytics Market Share, Size, Trends, Industry Analysis Report By Component (Solution, Services); Solution (Geocoding And Reverse Geocoding, Data Integration And ETL, Reporting And Visualization, Thematic Mapping And Spatial Analysis); By Location Type (Indoor, Outdoor); By Application (Risk Management, Emergency Response Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning And Optimization, Sales And Marketing Optimization, Predictive Assets Management, Inventory Management); By Verticals (Retail, Manufacturing, Govt & Defense, Media & Entertainment, Transportation, Energy & Utilities); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In business sector, almost everything exists at a particular location and at a specific time. It could be things such as products, raw materials, facilities, employees, customers, agents, or events. Businesses can make more well-versed decisions by understanding how these components relate to one another through location analytics. This can improve both efficiency and effectiveness of the businesses. Furthermore, location analytics helps in targeting and understanding customers and also helps in optimizing business processes.


The key players in the market include SAS Institute, Esri, Oracle, Pitney Bowes, Microsoft, Galigeo, Cisco Systems, IBM, Purple, GeoMoby, Alteryx, Inc., CleverAnalytics, IndoorAtlas, Lepton Software, and Quuppa among others.

The location analytics market is mainly driven by increasing usage and application of spatial data and analytical tools in various industrial sectors. Furthermore, factors such as increasing adoption of location-based applications and tools among users, growing necessity for predictive analytics in several business applications, growing adoption and necessity of innovative technologies, and increasing penetration of social media for customer engagement are also driving the growth of the market across the globe. Moreover, location analytics can considerably help the in making targeted decisions, aid in visualizing business performance, and also help in lowering costs and mitigating risks in supply chain management.
  
However, factors such as concerns with data privacy and legal worries, high initial cost of deployment, and deficiency of uniform regulatory norms, are expected to hinder the growth of market during the forecast period. Furthermore, increasing security concerns, lack of technical expertise and awareness, and poor connectivity and data integration also restraints the market growth.


North America and Europe take hold of more than half of overall market. As the retail industry in these regions is experiencing a significant boom, and penetration of smartphones and other advanced tools is high, there is rapid growth in adoption of analytical business intelligence and geographic information systems technology. Likewise, increasing focus on customer needs and customer satisfaction also plays a major role in development of this market. Furthermore, large number of individual customers or enterprises in Europe extensively use location-based mapping services, which has made this region a R&D hub for the market.

In European countries, location analytics is largely used to conduct marketing campaigns and customer management with an aim of business expansion. Furthermore, growing smartphone industry, and increasing adoption of GPS tracking systems has also enhanced the growth of location analytics in European countries. However, based on growing number of smartphone and social media users, service providers and enhancement of networking technologies, Asia-Pacific is expected to witness a fastest growth in the global market during the forecast period. Huge population base, growing internet penetration has made this region a popular area of expansion for established as well as emerging companies. This is largely contributing to the growth of the market in Asia-Pacific region.

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Strapping Machine Market 2020 Regional Insights, Trends, Revenue & Forecast To 2026

According to a new study published by Polaris Market Research the worldwide Strapping Machine Market is anticipated to reach around USD 6,991.4 million by 2026. In 2017, the semi-automatic strapping machine segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global strapping machine market.

The rapid growth in the global packaging industry majorly drives the growth of this market. Growing concerns regarding product safety to avoid damage and loss during packaging and shipping supports the market growth. The increasing demand from consumer goods, food and beverage, and publishing further accelerates the adoption of strapping machines.  There has been an increasing demand of strapping machines by small and medium businesses to increase packaging efficiency while reducing costs. However, high initial investment costs of strapping machines limit the growth of the market. New emerging markets, technological advancements, and increasing adoption by small and medium businesses would provide growth opportunities for strapping machine market in the coming years.


Asia-Pacific accounted for the highest share in the global strapping machine market during the forecast period. A significant growth in the consumer goods, and food and beverage industries has been registered over the past few years in the region, thereby supporting the growth of strapping machines in the market. Increasing need for effective packaging to avoid losses due to damages, and rising disposable incomes in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The various types of strapping machines include semiautomatic strapping machines, automatic strapping machines, and fully automatic strapping machines. The semi-automatic strapping machine segment is expected to lead the market during the forecast period owing to increasing demand from small and medium sized business. Semi-automatic strapping machines are designed for small and medium sized items and require users to manually feed strapping into the machine. Use of semi-automatic strapping machines in various industries such as food and beverage, consumer goods, publishing, and electronics among others has increased its demand over the past years.


The different materials used in strapping machines include polypropylene, polyester, steel, and others. The polypropylene segment dominated the market in 2017 owing to its affordable use in packaging of small and medium sized products. Its increasing use in various industries such as food and beverage, consumer goods, publishing, and electronics among others is expected to drive the market growth during the forecast period.

The well-known companies profiled in the report include Mosca GmbH, Samuel Strapping Systems, MJ Maillis S.A., Transpak Equipment Corp., Signode Packaging Systems Corporation, Strapex Group, Polychem Corporation, Dynaric Inc., Messersi Packaging S.r.l., Fromm Holdings AG, Australian Warehouse Solutions, and Venus Packaging among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Delivery Drone Market Trends, Type, Application, Analysis And Forecast By 2026

The global delivery drone market size is expected to reach USD 494.5 million by 2026 according to a new study by Polaris Market Research. Report gives a detailed insight into current market dynamics and provides analysis on future market growth.
  
Delivery drones are one of the types of unmanned aerial vehicles which can be operated remotely or autonomously and provides advantages such as delivery or distribution of packages during last mile delivery for commercial logistics or transportation industry. Also, the logistics & transportation vendors are taking sheer interests for adopting drone technologies in order to provide their services efficiently at rural & urban areas wherein, transportation vehicles have difficulty to reach at remote locations due to bad condition of roadways. For instance, according to Statistics Bureau, China had over 589 million of population living in the remote areas in 2017. Increasing adoption of drone technologies by growing e-commerce sector vendors is one of the major factors aiding the growth of delivery drones in China.


Delivery drones provides several advantages such as lower transportation costs, reduces delivery time by cutting down traffic, higher operational efficiency, lowers accidents, and lowers gas emissions. Moreover, the growth of the market is majorly attributed to rapidly growing drone industry throughout the world. For instance, according to Polaris Market Research analysis, in 2016, the drone units were pegged over 2.2 million units globally and continuously increasing owing to increasing production and adoption of drone technologies by different end use verticals such as military & aerospace and healthcare industries.
Companies such as Airbus SE, CyPhy Works, DJI Technology Co. Ltd., Drone America, JD.com, Matternet, SKYCART Inc., The Boeing Company, and Zipline are some of the key players operating in this market.

Furthermore, increasing adoption of drone technologies by quick service restaurant chains and healthcare vendors is another major factor aiding the growth of market. For instance, in 2016, Timbre (a Singapore based one of the largest restaurant chains) planned and tested 8 drones developed by Infinium Robotics (a Singapore based company) for serving in restaurants. Moreover in 2018, Zomato (an India-based restaurant search & discovery service company) acquired TechEagle Innovations Pvt Ltd. in order to offer drone-based food delivery services in India which is expected to create a good opportunity for drone manufacturers in the region during the forecast period.


However, there are still some regulations in the country which limits the usage of drones in India for commercial purposes such as goods delivery. In addition, stringent regulations by the Federal Aviation Administration (FAA) & logistical challenges are restraining the growth of delivery drones across the world. Also, poor infrastructure and complex terrain are expected to be other restraining factors for delivery drone industry.

Among drone type, rotary blade is expected to be the largest market for delivery drones in 2019, owing to its ease of use such as vertical take-off & landing features and also it is expected to retain its dominance during the forecast period of 2020-2026 as well. Hybrid drones are expected to be the fastest growing drone type during the forecast period, owing to advanced features such as higher payload capacity, longer flight time, and increased range up to 4-5 times of the normal delivery drones which generally have the travelling range of around 10-20 miles.


Among regions, North America is expected to be the largest market for delivery drones in 2018 and is expected to be the largest market during the forecast period as well. The growth of this region is majorly attributed to increasing production of drones and increasing adoption of drones for different commercial applications in the region. Also, in 2015, the FAA granted new exemptions for the QSR or logistics companies to operate drones in the United States which is expected to drive the market for delivery drones during the forecast period.
  

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Face Mask Market 2020-2026 | Development Factors, Latest Opportunities and Forecast

 The global Face Mask market size is expected to reach USD 7.22 billion by 2026 according to a new study by Polaris Market Research. The report “Face Mask Market Share, Size, Trends, Industry Analysis Report By Type (Respirators (N-Series, P-Series), Surgical Mask, Cloth Face Mask); By Distribution Channel (E-commerce, Hospital pharmacies, Retail Suppliers, Supermarket, others); By End-Use (Hospitals and Clinics, Industries, Others); By Regions, Segment  Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The World Health Organization (WHO) has recommended to use face mask in home as well as in all healthcare institutions to successfully tackle the health challenges and infection dangers posed by COVID-19. Face mask is used for protection against respiratory infections and to create the physical barrier between nose and mouth of the wearer and potential contaminants in the immediate environment and are available in different thickness and ability to protect from contaminants. The rising cases of corona virus across the globe is expected to benefit the market over the next six years.


Continuously increasing pollution and unhealthy working hours, growth in consumer awareness regarding airborne infections associated with the rise in outbreaks in the recent past, high consumption rate of surgical mask for personal use, increasing demand for face mask from e commerce platforms, rising standard of living, are some of the factors benefitting the market growth.
  
The healthy demand for disposable designer face mask, increasing demand for face mask among the younger generation and disposable face mask among the general public are the factors expected to provide promising growth opportunities for the global market during the forecast period. However, the increasing demand for counterfeit products both in physical stores and on online platforms is expected to challenge the growth of the global market during the forecast period.

In 2020, North America region is expected to dominate the market in terms of value and volume during the forecast period. This dominance is due to the increased spending of consumers on personal care products and growing awareness regarding pathogenic infections are some of the factors benefitting the regional market growth. However, the Asia-Pacific is expected to witness the highest growth rate from 2020 to 2026. The demand for novel product line from millennial and generation X consumer groups in the region is expected to register highest growth rate during the forecast period.


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Moreover, the key players involved in the global Face Mask Market include, Moldex, Shanghai Dasheng, Kimberly-Clark, BDS, Gerson, Halyard Healthcare, SAS Safety Corp., Honeywell, Irema, KOWA, 3M, McKesson, MolnlyckeHealth, CM, Sinotextiles, DACH,Te Yin, Hakugen, and Uvex among others are key players in the market.. Product launch, merger & acquisition, and partnerships encompass key players’ strategies to preserve and capture the most important share of the global market.

Polaris Market research has segmented the Face Mask market report on the basis of Product, Distribution Channel, End-Use and Region

Face Mask Product Outlook (Revenue, USD Million, 2017 – 2026)
  • Respirators
    • N-Series
      • N95
      • N99
      • N100
    • R-Series
    • P-Series
      • P95
      • P100
    • Surgical Mask
    • Cloth Face Mask
Face Mask Distribution Channel Outlook (Revenue, USD Million, 2017 – 2026)
  • Supermarket and Mall
  • Online Channel
  • Pharmacy and Drugstores
  • Others
Face Mask End-Use Outlook (Revenue, USD Million, 2017 – 2026)
  • Hospitals and Clinics
  • Dental Centers
  • Industries
  • Others
Face Mask Regional Outlook (Revenue, USD Million, 2017 – 2026)
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, RoE)
  • Asia Pacific (India, Japan, China, RoAPAC)
  • Latin America (Mexico, Brazil)
  • MEA
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Quality Management Software Market Development Factors, Latest Opportunities and Forecast 2026

The new report The Global Quality Management Software Market was estimated at USD 6.86 billion in 2017 and To Exceed $15.48 Billion By 2026; according to a new market research report by Polaris market research. “Quality Management Software (QMS) Market [By Solution Type (Complaint Handling, Audit Management, Change Management, Non-conformance/corrective & preventive, Document Control, Others); By Deployment Type (On premise, Cloud); By Company Size (Small and Medium Enterprises, Large Enterprises) By Application Type (IT & Telecom, Healthcare, Transportation & Logistics, Consumer goods & Retail, Defense & Aerospace, Manufacturing) By Region] Market size & Forecast, 2017 – 2026
Key players for QMS in the market are Aras Corporation, Dassault Systems SE, Hewlett-Packard Enterprise Co., MasterControl, Inc., Microsoft Corporation, Oracle Corporation, Parasoft Corporation, PSC Biotech Corp., SAP SE, Siemens AG, and Sparta Systems.
QMS is used to replace the paper based systems with automated quality management systems that follows stringent regulations and quality standards. This improves the product quality, increase the efficiency and satisfy the customer demands. QMS is anticipated to witness a remarkable growth owing to the standards and regulations compliance. The key factor that boosts QMS market is the solutions and systems used to ensure the high quality products and processes.
QMS reduces the risk of quality process failures and lower costs for large number of clients across a range of industries. QMS offers various features such as track deviations, improves non-conformances, improves safety and other features. Adoption of QMS can help the organization to improve their performance and overall competitiveness.
Owing to the strict regulations, embedded business models and complex procedures, in the manufacturing, transportation & logistics sector, the implementation of QMS has increased. These regulatory implications are another major driving factor for the market. The demand for QMS is driven by the consumer goods & retail segment which facilitates the user by delivering high quality products at a cheap price which meets the customer satisfaction.
QMS offers different solutions which include complaint handling, audit management, change management, as well as document control. The factor that trigger the growth of QMS is document control which ensures secure documents and offers a repository for all documentation that makes search and retrieval a very easy task. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.
Key Findings from the study suggest that North America is the major region for the quality management software in 2017. The quality management software is dominated by the segments such as non-conformance/ corrective & preventive solutions. The complaint handing market is expected to emerge as the key segment over the forecast period. Developing economies of Asia Pacific drive the demand of QMS with application in industries such as manufacturing, transportation & logistics. Change management is also one of the key reasons that gain traction in Asia-Pacific market. Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in the technology most of the companies are switching to cloud based services.
Key Segments:
Quality Management Software Market Size and Forecast by Solution Type
  • Key findings
  • Complaint Handling
  • Audit Management
  • Change Management
  • Non-conformance/corrective & preventive Solution
  • Document Control Solution
  • Others
Quality Management Software Market Size and Forecast by Deployment Type
  • Key Findings
  • On-Premise
  • Cloud Based
Quality Management Software Market Size and Forecast by Company Size
  • Key Findings
  • Small and Medium Enterprises
  • Large Enterprises
Quality Management Software Market Size and Forecast by Application Type
  • Key findings
  • IT & Telecom
  • Healthcare
  • Transportation & Logistics
  • Consumer goods & Retails
  • Defense & Aerospace
  • Manufacturing
  • Others
Quality Management Software Market Size and Forecast by Regions
  • North America [U.S., Canada]
  • Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
  • Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
  • Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.polarismarketresearch.com/industry-analysis/quality-management-software-market/speak-to-analyst
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Smart Agriculture of 2020 and Beyond: How Technologies Are Reshaping the Farming Industry

Market Overview :

The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2020 to 2026, as per a new research report published by Polaris Market Research.  The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.

During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.

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Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.


Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.


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Regional Analysis : 

North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.


Polaris Market Research has segmented the global Smart Agriculture market on the basis of component, Application and region:


Smart Agriculture by Component Outlook (Revenue, USD Million, 2016 – 2026)
  • Hardware
  • Software
  • Services

Smart Agriculture by Application Outlook (Revenue, USD Million, 2016 – 2026)

  • Precision Farming
  • Yield Monitoring
  • Soil Monitoring
  • Irrigation System
  • Fish Farming
  • Horticulture
  • Livestock Monitoring
  • Smart Greenhouse
  • Others

Smart Agriculture by Region Outlook (Revenue, USD Million, 2016 – 2026)
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, RoE)
  • Asia Pacific (India, Japan, China, RoAPAC)
  • Latin America (Mexico, Brazil)
  • MEA