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text 2021-05-31 14:07
Fire Safety Equipment Market Will Rise Due To Technological Advancements

The global Fire Safety Equipment Market is expected to witness a staggering CAGR in the years to come. This could be credited to increasing concerns regarding safeguarding human property and life across the globe. Besides, the overheads associated with loss on the part of human hours owing to fire hazards has always been a matter of concern. This calls for fire safety equipment to be in place. You could bifurcate fire safety equipment based on two elements; viz fire suppression and fire detection.

 

It is estimated that technological advancements like wireless sensor networks would take the fire safety equipment market by storm in the upcoming period. These advancements would lend a helping hand in reduction of manufacturing costs; thereby bolstering the future market potential. Plus, stern regulations inflicted by numerous regulatory bodies to implement fire safety procedures do mandate organizations to make use of fire safety equipment at workplaces. This would, in turn, boost the demand for fire safety equipment.

 

The fire safety equipment market is segmented on the basis of technology, solution, application, and geography. By technology, the segmentation spans passive and active. By solution, the segmentation comprises fire suppression and fire detection (mentioned above). By application, the market could span residential, commercial, and industrial. By geography, the fire safety equipment industry says LATAM, North America, Asia Pacific excluding Japan, Japan, Eastern Europe, Western Europe, and MEA.

 

North America and Europe have been at the forefront with respect to employment of fire safety equipment. Asia Pacific is expected to grow at the quickest pace due to stupendous urbanization in economies like India. LATAM is also catching up due to Brazil getting industry-centric. MEA would be the torchbearer in future due to influx of shopping malls in Dubai.

 

Request a Free Sample Copy of Fire Safety Equipment Market Report @ https://www.millioninsights.com/industry-reports/fire-safety-equipment-market/request-sample

 

The players contributing to the fire safety equipment market include Tyco International, United Technologies, Gentex Corporation, WSA Fire Systems, ADT Security Services, Inc., Panasonic Corporation, Cooper Wheelock, Siemens Building Technologies, and Honeywell Security & Communications.

 

Market Segment:

 

Fire Safety Equipment Solution Outlook (Revenue, USD Million, 2015 - 2025)
• Detection
• Suppression

 

Fire Detection Product Outlook (Revenue, USD Million, 2015 - 2025)
• Detectors
• Alarms

 

Fire Detectors Type Outlook (Revenue, USD Million, 2015 - 2025)
• Flame
• Smoke
• Heat

 

Fire Detection Application Outlook (Revenue, USD Million, 2015 - 2025)
• Commercial
• Industrial
• Residential

 

For further inquiries, about - Global Fire Safety Equipment Industry Analysis, Size, Growth, Trends and Forecast 2015 - 2025, click on this link – https://www.millioninsights.com/industry-reports/fire-safety-equipment-market 

 

Fire Suppression Product Outlook (Revenue, USD Million, 2015 - 2025)
• Extinguishers
• Sprinklers

 

Fire Extinguishers Type Outlook (Revenue, USD Million, 2015 - 2025)
• Gas
• Water
• Dry Chemical Powder
• Others

 

Fire Suppression Application Outlook (Revenue, USD Million, 2015 - 2025)
• Commercial
• Industrial
• Residential

 

Fire Safety Equipment Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Mexico
• Middle East & Africa

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text 2021-05-24 10:12
IV Equipment Market To Progress At A Healthy CAGR In Coming Years

Expected Revenue Growth:

The overall IV equipment market is expected to grow from USD 10.07 billion in 2017 to USD 13.64 billion by 2022, at a CAGR of 6.2% from 2017 to 2022.

What This Report Will Provide?

The global burden of chronic diseases such as heart disease, stroke, cancer, chronic respiratory diseases, and diabetes is increasing rapidly. According to the World Health Organization (WHO) 2015, chronic diseases accounted for approximately 60% of the total reported deaths in the world. The proportion of the burden of chronic diseases (chronic non-communicable diseases) is expected to increase to 57% by 2020 from 46% in 2001.

Major Growth Boosters:

Intravenous (IV) therapy devices are used to administer liquid substances directly into a vein. They can deliver nutrients or medications such as insulin or other hormones, antibiotics, chemotherapy drugs, and pain relievers. Presently, many companies are developing various infusion devices capable of being integrated with alarm devices, monitoring devices, and data exchange systems. This integration helps prevent an overdose or reduced dose of infusion solutions to patients and minimizes dosing errors.

Download PDF Brochure:  https://www.marketsandmarkets.com/requestsampleNew.asp?id=78345313 

Objectives of the Study

  • To define, describe, and forecast the global IV equipment market on the basis of product, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, challenges, and trends)
  • To strategically analyze micromarkets1 and subsegments with respect to individual growth trends, future prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the size of the IV equipment market, with respect to four main regions—North America, Europe, Asia-Pacific, and the Rest of the World

Major Market Developments

  • In 2015, Becton, Dickinson and Company acquired CareFusion Corporation (US). The combination of these two companies’ complementary product portfolios offered integrated medication management solutions and smart devices, including infusion pumps.
  • In 2017, BD launched a new IV medication safety solution at the European Association of Hospital Pharmacists (EAHP, Cannes) congress to improve patient safety. This product is designed to prevent medication administration errors.
  • In October 2017, ICU Medical, Inc. acquired Pfizer's Hospira infusion systems (HIS, U.S.) business segment with a comprehensive portfolio of complete IV therapy from pumps to solutions.

Request Sample Report:  https://www.marketsandmarkets.com/requestsampleNew.asp?id=78345313 

Increasing incidence of chronic diseases and rising geriatric population, growing number of surgical procedures performed, rising demand for ambulatory infusion pumps due to the growing home care market, rising number of needlestick injuries and infections are the key factors driving the growth of this market.

Regional Growth Analysis:

The IV equipment market in APAC is expected to grow at the highest CAGR during the forecast period. The demand for IV equipment and accessories in the APAC region is majorly driven by factors such as the large population base in the region, rising geriatric population, rising incidence of chronic diseases, improving accessibility to advanced healthcare facilities, rising healthcare spending, growing penetration of health insurance, increasing demand for advanced technologies, growing investments in emerging APAC countries by key market players, and expansion of private-sector hospitals to rural areas.

Source: www.marketsandmarkets.com/Market-Reports/iv-equipment-market-78345313.html
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