Global Portable Ventilators Markets Report 2021-2026

The Global Portable Ventilators Market is estimated to be USD 770.5 Mn in 2021 and is expected to reach USD 1,080.8 Mn by 2026, growing at a CAGR of 7%.

The factors fueling the growth of the portable ventilator market are increasing incidences of breathing diseases and respiratory problems among the growing population. Additionally, the increasing smoking population is another factor for the increased demand for portable medical ventilators.

The intervention of innovative technology in the healthcare sector has improved operational conduct and has provided the patients with intensive care solutions. The market is expected to expand due to rapid development in technology. Advancement in technology has enabled these ventilators to be used anywhere and anytime by the patient without any medical set-up.

The world is currently hit by the pandemic of COVID-19. This disease leads to multiple organ failure, acute & severe respiratory disorders, pneumonia, and even death due to breathing issues in some severe cases. Hence, a surge in the number of people with Covid-19 is anticipated to boost the global demand for portable ventilators.

However, the high cost associated with portable medical ventilators is one of the major factors that are likely to hinder the growth of the portable ventilators market soon. Also, the availability of low-cost non-branded products available in the market creates a challenge for branded ventilator producers.

Some of the companies covered in this report are ResMed Inc., Medtronic Plc, Becton, Dickinson and Company, Getinge AB, Drgerwerk AG & Co, Smiths Group Plc, Hamilton Medical AG, G.E. Healthcare, Nidek Medical, Oricare Inc, Teleflex Incorporated, and others.


Flowserve Chief Executive Officer Scott Rowe to Present at RBC Capital Markets Global Industrials Conference

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Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Scott Rowe, president and chief executive officer, will present at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021 at 12:20 – 12:50 CDT.

A webcast of Mr. Rowe’s presentation will be available for shareholders and other interested parties at under the “Investor Relations” section.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at

Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.


CEMEX Reinforces Leadership in Green Financing, Presenting Sustainability-Linked Financing Framework

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CEMEX has a steadfast commitment to be a leader in climate action and provide low-carbon and net-zero CO2 products. The Framework further aligns CEMEX’s corporate sustainability commitments to its financing strategy, as part of its Future in Action program.

The Framework establishes CEMEX’s guiding principles when issuing new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions, and other financing instruments.

Sustainalytics, a leading independent firm that specializes in providing ESG research, ratings, and data to institutional investors and companies, validated the Framework’s alignment with the Sustainability-Linked Bond Principles, the International Capital Market Association’s Climate Transition Finance Handbook, and the Loan Market Association’s Sustainability-Linked Loan Principles.

“Climate change is one of the biggest challenges of our time, and we will continue to address it as a fundamental component of our business strategy,” said Maher Al-Haffar, CEMEX’s Chief Financial Officer. “CEMEX is committed to increasing the role sustainable finance plays in its capital structure by potentially linking the cost of financial instruments to the achievement of targets, directly aligning our corporate finance strategy to sustainability commitments and further contributing to a low-carbon future.”

CEMEX has taken a bold step by including three KPIs, an unusually high number for the building materials industry, in the Framework. This decision reflects the confidence and commitment the company has regarding its Climate Action targets. Selected KPIs are net CO2 emissions per ton of cementitious product, clean electricity consumption and alternative fuels rate. All of them were qualified by Sustainalytics as relevant, material, ambitious, and aligned with the company’s climate action strategy.

The three indicators are directly contributing to the achievement of the UN Sustainable Development Goals and for each one CEMEX has established 2025 and 2030 Sustainability Performance Targets (SPTs). KPI performance and corresponding SPTs will be verified by qualified external parties and be made available through CEMEX’s annual Integrated Report.

CEMEX’s 2030 target of reaching below 475 kg CO2 per ton of cementitious product is aligned with the Science-Based Targets initiative’s (SBTi) “Well Below 2°C Scenario”, the most ambitious for the cement industry. This target is currently in the process of validation. Furthermore, the company has set a 2050 goal of delivering net-zero concrete globally, aligned with the Paris Agreement.

Moreover, CEMEX recently announced that it has signed the Business Ambition for 1.5°C commitment led by the We Mean Business Coalition in partnership with the SBTi and the UN Global Compact. The company also joined The Race to Zero Campaign of the UN Framework Convention on Climate Change.



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Small scale manufacturing plants in Kuwait produce petrochemicals, fertilizers, ammonia etc. The growth of the manufacturing sector in Kuwait has not been ideal, as it was hard hit firstly, by the Iraqi invasion and then, the recession. The contribution of the manufacturing sector towards the GDP of Kuwait has ranged between 5-6% for the past few years, though it is projected to reach USD XX billion by 2021 at a CAGR of XX%. Greater exposure to trade, competition in the sector and diversification are factors affecting the growth of this market.

Diversification Driving Manufacturing Sector Growth

Numerous initiatives are being taken by the government to promote the manufacturing sector, like the passing of the Kuwait Development Plan. It was approved for almost USD 120 billion and is expected to simulate Kuwait’s economy and help in developing the infrastructure. The government recently announced that it is increasing the budget for the manufacturing sector by nearly USD 1.7 billion per year.

New free trade zones are being built in Kuwait. This will increase the need for building products giving an automatic push to the construction material manufacturing industries. Availability of low-cost labor acts as an add-on to the success of the manufacturing sector.


Land prices in Kuwait are elevated for industrial areas due to very high demand and low availability of resources. The news of more than 20 Kuwaiti factories deciding to relocate to Saudi Arabia because of the features and facilities it offers was also a major setback. Expensive electricity and energy, industrial production costs, unskilled labor, small market size and unavailability of resources are some of the major challenges faced by the manufacturing sector in Kuwait.


There are numerous opportunities in the construction material manufacturing industries in Kuwait. Apart from that foreign investors are being given a number of incentives which include a 10-year tax holiday and after that, a flat 15% tax for investing in Kuwait. Petrochemical is the biggest industry after oil and gas and offers great opportunities.


Expats struggle to get vaccines in Kuwait, citizens come 1st

In the tiny, oil-rich sheikhdom of Kuwait, the foreigners who power the country’s economy, serve its society and make up 70 per cent of its population are struggling to get coronavirus vaccines.

Unlike other Gulf Arab states that have administered doses to masses of foreign workers in a race to reach herd immunity, Kuwait has come under fire for vaccinating its own people first.

That leaves legions of labourers from Asia, Africa and elsewhere, who clean Kuwaiti nationals’ homes, care for their children, drive their cars and bag their groceries, still waiting for their first doses, despite bearing the brunt of the pandemic.

“The only people I’ve seen at the vaccination center were Kuwaiti,” said a 27-year-old Kuwaiti doctor, who like most people interviewed for this story spoke on condition of anonymity for fear of government reprisals. “Kuwait has a citizens-first policy for everything, including when it comes to public health.”

Kuwaiti authorities did not respond to repeated requests for comment from The Associated Press on their vaccination strategy.

When Kuwait’s vaccination registration site went live in December, authorities declared that health-care workers, older adults and those with underlying conditions would be first in line.

As weeks ticked by, however, it became increasingly clear the lion’s share of doses was going to Kuwaitis, regardless of their age or health. Initially, some expat medical workers said they couldn’t even get appointments.

Kuwait’s labour system, which links migrants’ residency status to their jobs and gives employers outsized power, prevails across the Gulf Arab states.

But hostility toward migrants long has burned hotter in Kuwait. The legacy of the 1991 Gulf War, which triggered mass deportations of Palestinian, Jordanian and Yemeni workers whose leaders had supported Iraq in the conflict, fuelled anxiety about the need for self-reliance in Kuwait that endures today — even as Southeast Asian labourers rushed to fill the void.

A 30-year-old Indian woman who has spent her whole life in Kuwait watched her Instagram feed fill with celebratory photos of Kuwaiti teenagers getting the jab. Her father, a 62-year-old diabetic with high blood pressure, could not — like the rest of her relatives living there.

“All the Kuwaitis I know are vaccinated,” she said. “It’s more than just annoying, it’s a realization that no, this is not cool, there is no way to feel like I belong here anymore.”

Kuwait has vaccinated its citizens at a rate six times that of non-citizens, the Health Ministry revealed earlier this year. At the time, despite some 238,000 foreigners registering online to book an appointment, only 18,000 of them — mostly doctors, nurses and well-connected workers in state oil companies — were actually called in to receive the vaccine. Meanwhile, some 119,000 Kuwaitis were vaccinated.

With vaccine information only available in English or Arabic, advocates say that locks out scores of low-wage laborers from Southeast Asia who speak neither language.

The disparity set off a roiling debate on social media, with users decrying what they called the latest instance of xenophobia in Kuwait. They say the pandemic has magnified resentment of migrant workers, deepened social divides and hardened the government’s resolve to protect its own people first. Medical professionals warned Kuwait’s inoculation hierarchy damages public health.

Compared to the United Arab Emirates and Bahrain, among the world’s fastest vaccinators per capita, Kuwait’s drive has lagged.

While foreigners wait for shots, medical workers say Kuwaiti citizens remain reluctant to register because of vaccine conspiracy theories shared widely on social media. Infections have soared, prompting the government to impose a strict nightly curfew last month.

With pressure mounting on the Health Ministry, barriers eased in recent weeks, with a growing number of foreign residents 65 years of age and older reporting they were able to get vaccinated. Still, most expats insist the inequality in access remains striking.

“We are waiting and waiting for the call,” said a 55-year-old house cleaner from Sri Lanka. “The moment I get the call, I will go. I need the vaccine to be safe.”
The government has not released a demographic breakdown of vaccinated foreigners vs Kuwaitis since the outrage over the inequality erupted in mid-February, only overall vaccination statistics. As of this week, 500,000 people have received at least one dose of either Pfizer-BioNTech or Oxford-AstraZeneca, according to health authorities.

Even as the bulk of front-line workers in grocery stores and cafes remain unvaccinated, Kuwait is making plans to reopen society for the inoculated. Those who can prove they got the jab will be able to attend schools in the fall, go to cinemas in the spring and skip quarantine after flying into the country, the government announced.

Foreign workers in Kuwait have felt this frustration before.When the pandemic first struck, lawmakers, talk show hosts and prominent actresses blamed migrants for the virus’s spread.

As the coronavirus ripped through crowded districts and dormitories where many foreigners live, authorities imposed targeted lockdowns and published surging virus counts with a breakdown of nationalities. When infections among Kuwaitis rose, the government stopped releasing demographic data.

“It’s easy for migrants to be seen as the root of all problems in Kuwait,” said Rohan Advani, a researcher of sociology at the University of California, Los Angeles. “Citizens don’t have political or economic power, so when they don’t like what’s happening to their country, blaming foreigners becomes the main outlet.”

Despite having an outspoken parliament, final power in Kuwait rests with the ruling emir. Kuwaiti citizens, who are guaranteed spots on the public payroll and reap the benefits of a cradle-to-grave welfare state, increasingly have clamored for policies that limit the flow of migrants.


Zipaworld partners with ASYAD Group to expand business in Oman, GCC region

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Online logistics marketplace Zipaworld has partnered with the Middle East-based ASYAD Group for expanding its business in Oman and the GCC region. Under the tie-up, the two companies will launch a pilot project with ASYAD Express for express courier services and door-to-door shipments in India and the GCC region.

The Riyadh-headquartered Gulf Cooperation Council (GCC) is a trade block of six Gulf countries comprising Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar and Oman.

“This strategic association will boost business across the trade lane between India and Oman as well as other GCC countries besides helping the two partners reach out to the world beyond. Further, it will also open up more economical and cost-effective gateway into the Gulf, Middle East and African ports,” said Ambrish Kumar, Founder, Zipaworld.

Established in 2016, the Oman-based integrated logistics NSE 4.27 % services provider ASYAD Group brings together services, solutions, and companiesunder one entity. The group comprises three deep ports and two free zones supported by Oman’s five airports, a new rail network as well as road network.

ASYAD Ports and Terminals comprises Ports of Sohar, Salalah and Duqm besides Khazaen economy city and ASYAD Shipping & Drydock. The logistics wing of the Group comprises ASYAD Express, Oman Post and Container Line Services.

“We are leading the express mail segment, continually working on enhancing our services to meet the needs of our ever-growing customer base. As e-commerce continues to gain momentum, our partnership with Zipaworld represents one of a number of collaborations that are helping us to expand into new markets beyond Oman,” Acting Chief Executive Officer of Oman Post & ASYAD Express, Nasser al Sharji, said.

With the group deploying the latest technology for encouraging virtual platforms and easing the trade barriers, its association with Zipaworld will enhance and accelerate seamless trade movement between India and Oman, and between India and other GCC countries, said the release.

The express courier facilitation from India to the GCC countries will be much more economical and transparent as compared to the present market scenario, it said, adding that Zipaworld can be accessed by anyone from any part of India right at their convenience and without hassles to book their express consignments to the Middle East.


Saudi Arabia considers developing industrial zone in Oman

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Saudi Arabia is considering developing an industrial zone in Oman and the two Gulf states have discussed the possibility in investment talks, the Saudi state news agency SPA reported.

Saudi and Omani officials met earlier in the month to discuss investment opportunities and discussions this week were around “prospects for cooperation and integration opportunities in the special economic zones in the kingdom and the sultanate,” SPA said on Wednesday.

Saudi Arabia is in the midst of an ambitious economic development plan – Vision 2030 – to wean the economy off oil, while Oman recently introduced a medium-term plan to rein in its debt that has grown at breakneck pace in recent years.


Saudi Arabia considers developing industrial zone in Oman

Saudi Arabia is considering developing an industrial zone in Oman and the two Gulf states have discussed the possibility in investment talks, the Saudi state news agency SPA reported.

Saudi and Omani officials met earlier in the month to discuss investment opportunities and discussions this week were around “prospects for cooperation and integration opportunities in the special economic zones in the kingdom and the sultanate,” SPA said on Wednesday.

Saudi Arabia is in the midst of an ambitious economic development plan – Vision 2030 – to wean the economy off oil, while Oman recently introduced a medium-term plan to rein in its debt that has grown at breakneck pace in recent years.

ACME Group signs land deal for green ammonia project in Oman

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The agreement was signed with The Public Authority for Special Economic Zones and Free Zones, a Government authority of Oman, an official statement said.

In March 2021, The Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer) and ACME Group signed a memorandum of understanding (MoU) to set up a large scale facility to produce Green Hydrogen and Green Ammonia. The plant will be an integrated facility using 3 GWp of solar and 0.5 GWp of wind energy to produce 2,400 TPD of green ammonia with an annual production of approx. 0.9 million tons. The facility is being built to export green ammonia to demand centres like Europe and Asia with an investment of approx $3.5 billion, the statement said.

ACME Group Founder and Chairman Manoj K Upadhyay said, “The signing of land reservation agreement will allow us to kick start pre-construction activities. We have hired environmental consultants and owner’s engineers Black & Veatch and we plan to start the construction at Oman as soon we commission our first green hydrogen and green ammonia plant at Bikaner in India. The plant in Oman would be developed in phases and the first phase is likely to be commissioned by end of 2022.”


Oman’s Capital Market Authority approves licensing for crowdfunding

Oman’s Capital Market Authority (CMA) announced its approval of licensing crowdfunding platforms, which will allow a new financing option for SMEs in the Sultanate.

The CMA’s board of directors agreed on Sunday to amend the existing capital market legislation to allow for crowdfunding platforms to be established in the country.

In a statement released by the board, the CMA asserted that the approval of crowdfunding platforms is intended to create more jobs, encourage economic development and allow financial inclusion for SMEs.

This comes as a part of a larger push made by Oman’s government to provide financing facilities for SMEs and micro-projects.

The CMA’s launching and regulating of crowdfunding platforms will help to overcome what the CMA report identified as one of the key challenges facing these projects: “The banking sector’s reluctance to fund such projects due to the related risks and lack of proper guarantees to convince the banks to grant funding facilities beside the impact of the global financial crisis and the Covid-19 pandemic on the banking sector and the liquidity crunch.”

Crowdfunding will be available to all SMEs that are officially registered under the Ministry of Commerce, Industry and Investment Promotion (MoCIIP).

“These types of financing options will be of great benefit to SMEs, as well as micro-enterprises,” an official from the CMA told Times of Oman. “Crowdfunding will not need guarantees, as is often the case with the banking sector.

The official continued: “Owners of companies of this nature often face challenges in securing finances, since banks often ask for guarantees, and are unwilling to risk committing funds to them.”

Currently, the drafted crowdfunding platforms regulations are undergoing the final stages of revision.

The CMA report said that the regulations will ensure that the crowdfunding platforms will not become conventional lending institutions. Additionally, the regulations will be posted for public feedback and consultation.

The first crowdfunding platform in Oman is set to be launched by the year’s end.