Recent Media Releases
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Syndesmosis Implant Systems Market to Expand 2.3X by 2030; Postponement of Non-essential Medical Procedures amidst COVID-19 Outbreak Hurting Market Growth
Published On : Nov 30, 2020
There are two types of techniques used in the fixation of syndesmosis implant systems. While screw fixation is one technique that has been used over the years, the suture button technique is now trending in the syndesmosis implant systems market. A number of research studies conducted in order to determine the use of suture button implants and screw implants indicate that, suture button implants are more cost-effective as compared to screw implants. In addition, technological developments employed in suture button implants give them an edge over screw implants. For example, the Anthrax Tightrope is a suture button implant that offers adjustable cortical fixation for cruciate ligament reconstruction. In addition, it is implanted through a minimally-invasive technique. As such, increasing adoption of suture button implants is leading the syndesmosis implant systems market toward significant growth by transforming the surgical fixation of syndesmosis.
Persistence Market Research predicts that the global syndesmosis implant systems market will exhibit an impressive 8% CAGR over the forecast period to reach a valuation of US$ 160 Mn by 2030.
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Care Management Solutions Market to Boom More than 5X by 2030; Surging Demand Witnessed from Healthcare Providers amidst COVID-19 Pandemic
Published On : Nov 30, 2020
Care management solutions are web-based integrated healthcare solutions that provide quality care to patients with the use of products and services in a cost-effective manner, at reduced risk. Care management solutions are widely used by payers, government bodies, providers, and employer groups. Increasing adoption of care management, rise in government expenditure in the healthcare sector, increasing demand for quality of care, and growing aging population are driving the global care management solutions market. In addition, increasing awareness among people for better healthcare is also driving market growth.
As per PMR’s report, the global care management solutions market generated a market revenue of US 12.2 Bn in 2019, and is expected to surge ahead at an astounding CAGR of 17% over the forecast period (2020-2030).
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Graphite Colored Pencil Market to Top US$ 2 Bn by 2030-end, COVID-19 Outbreak Leading to Supply Chain Disruptions
Published On : Nov 26, 2020
Increase in literacy rate shows a positive attitude of people toward education. As per the UNESCO Institute for Statistics (UIS), around 258 million children and youth passed school in 2018. This total includes 59 million children of primary school age, 62 million of lower secondary age, and 138 million of upper secondary age. Global literacy rate has increased to 86.47% in 2019 for the population aged 15 years and older. This shows the importance of education and an opportunity for the writing instrument industry, which further generates demand for pencil products.
As per PMR analysis, the global graphite colored pencil market will witness steady growth over the coming decade, to cross a valuation of US$ 2 Bn by the end of 2030.
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Almond Milk Market to Reach US$ 8.3 Bn by 2030; COVID-19 Outbreak to Moderately Impact Market Growth in Near Term
Published On : Nov 26, 2020
Almond milk is known for its ability to combat various health problems. There’s no cholesterol or saturated fat in almond milk, which supports hearth health. It’s also low in sodium and high in healthy fats, which helps prevent high blood pressure and other heart diseases. Almond milk is perceived to reduce the risk for arthritis and osteoporosis, and improves the immune system. It also helps keep bones healthy and improve teeth formation. Almond milk is low in carbs, which means, it won’t significantly increase blood sugar levels, reducing the risk of diabetes. Because of its low glycemic index, the body will use the carbs as energy so sugars aren’t stored as fat.
The global almond milk market has witnessed significant growth in the past few years, and this trend is anticipated to continue through the course of the forecast period (2020 to 2030). The market is estimated to rise at a significant value CAGR of 9% over the next ten years.
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Soy Milk Market to Cross US$ 11 Bn Mark in 2030; Reduced Demand from Foodservice Industry Due to COVID-19 Pandemic Impeding Market Growth
Published On : Nov 25, 2020
Plant-based milks such are soy milk, almond milk, oat milk, rice milk, and others are gaining rapid traction among foodservice providers, owing to increasing consumer demand in restaurants and cafes. Soy milk products are housed in special refrigerated units, which significantly increase their shelf life as compared to traditional milk.
- For instance, The Progressive Food Company, based in the U.K., offers single-serve portions of soy milk as an alternative for cow milk to its customers operating in the food service industry.
Soy milk is also considered as one of the most efficient milks used for baking. The flavor offered by soy milk is mild and goes unnoticed in breads, muffins, cakes, and other baked goods. It also offers a better structure and texture to the finished product. On the back of all these factors, the global soy milk market is expected to witness a remarkable value CAGR of 9% through 2030.
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Automotive Balance Shaft Market to Expand Steadily through 2030; Short-term Adverse Impact to be Felt amidst COVID-19 Outbreak
Published On : Nov 25, 2020
The global automotive balance shaft market is experiencing steady acceleration on the back of increasing demand for improving fuel efficiency and acceleration in order to meet environmental sustainability goals set forth by governments, worldwide.
In its expansive recent study, Persistence Market Research offers a comprehensive, yet, unbiased analysis of how the growth of the automotive balance shaft market is likely to unfold from 2020 to 2030.
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Triple-Negative Breast Cancer Treatment Market to Expand 1.6X by 2030; COVID-19 Pandemic to Have Short-term Negative Impact
Published On : Nov 24, 2020
Significant rise in awareness about preventative therapies is anticipated to drive the triple-negative breast cancer treatment market during the forecast period. According to WHO, the risk of developing cancer before the age of 75 years is around 20.2% and that of dying from cancer before the age of 75 years is around 10.6%. According to the American Cancer Society, in 2019, around 268,600 new cases of invasive breast cancer were diagnosed among women and approximately 2,670 cases were diagnosed in men. Thus, rising prevalence of breast cancer among the population is expected to propel the growth of the triple-negative breast cancer treatment market over the coming years.
Persistence Market Research predicts that the global triple-negative breast cancer treatment market will exhibit a CAGR of around 5% over the forecast period (2020-2030).
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Healthcare IoT Market to Race Ahead at 19% CAGR through 2030; COVID-19 Pandemic Further Catalyzing Market Growth
Published On : Nov 23, 2020
Cloud computing in healthcare streamlines back office operations, which, in turn, helps faster diagnosis of problems. It also allows medical information to be easily shared with doctors, who can then prepare a treatment plan according to the patient’s needs. Integrated healthcare information systems with cloud computing can improve healthcare quality by facilitating clinical decision-making, and enhance patient safety by using automated systems. In addition, the system also allows physicians to easily access a patient’s information, such as diagnosis, allergies, lab results, and medication, and, in turn, provide effective treatment. Moreover, these results can be obtained at low costs. Increasing need for better and effective healthcare facilities at affordable costs is driving demand for healthcare IoT solutions and services, thereby pushing the growth of the healthcare IoT market across the globe.
The global healthcare IoT market is anticipated to rapidly grow 19% annually through the period of 2020 to 2030, as healthcare IoT serves as the best solution to reduce the cost of healthcare services.
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Single-Domain Antibody Platforms Market to Expand at 10% CAGR; Demand Increasing for Antibodies to Treat COVID-19
Published On : Nov 20, 2020
Monoclonal antibodies are highly efficient as therapeutics against viral infections, immune diseases, and cancer. However, they are large in size and unable to access some epitopes, besides the production cost being high. Hence, single-domain antibodies (sdAbs) is an alternative for monoclonal due to larger number of accessible epitopes, smaller size, relatively low production costs, and potent inhibitors against immune and viral diseases. Currently, single-domain antibodies are being developed against a number of viruses, including influenza viruses, HIV, hepatitis C virus (HCV), enteric viruses, and respiratory syncytial virus (RSV).
Technological advancements in single-domain antibody platforms such as production of bispecific and multi-specific antibodies to target particular antigens during therapeutic developments are some other factors that will boost the growth of the single-domain antibody platforms market.
According to a latest report published by PMR, the global single-domain antibody platforms market is projected to be valued at US$ 22 Mn in 2020, and is expected to witness an impressive CAGR of around 10% during the forecast period (2020 – 2030).
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Speaker Membrane Market to Reach US$ 9.7 Bn by 2030; COVID-19 Pandemic to Stunt Demand from End-use Industries in Near Term
Published On : Nov 20, 2020
The augmented use of speakers in almost every application has increased opportunities for the growth of the speaker membrane market. Use of diverse speaker configurations call for ingenious designs in varied speaker membranes made of different materials. Design and material selection parameters are typically influenced by working conditions and end applications, which has given rise to innumerable speaker membrane variants. This has led to significant product innovations in the industry. With rise in urbanization, per-capita income has become higher, and consumer trends have started to influence the speaker membrane market. Balance between cost and quality via pricing policies and product offerings has led to rise in the procurement rate of speaker membranes. This has subsequently ascended demand in the global speaker membrane market.
The global speaker membrane market is anticipated to expand at an impressive CAGR of nearly 9% during the forecast period of 2020-2030.
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Industrial Flooring Market to be Valued at US$ 12.4 Bn by 2030; COVID-19 Impact on End-use Industries to Affect Demand in Near Term
Published On : Nov 20, 2020
Epoxy type industrial flooring holds a prominent share in the industrial flooring market, owing to its low cost, physical & chemical properties, and wide range of application. Demand for this type of flooring is projected to be high across the world throughout the forecast period.
The global industrial flooring market is anticipated to expand at a CAGR of over 4% during the forecast period of 2020-2030, to be valued around US$ 12.4 Bn by 2030.
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Nutmeg Butter Market to Expand 1.7X by 2030; COVID-19 Crisis Impacting Demand from End-use Industries
Published On : Nov 19, 2020
Increasing pollution, changing food habits, and busy lifestyles are leading to rising stress levels and anxiety, besides other health concerns. These issues are further resulting in conditions such as wrinkles, pimples, and heavy hair loss. Thus, people are becoming more concerned about appearance and beauty, and are using beauty and cosmetic products for the prevention of skin or hair diseases. Nutmeg butter is a natural and sustainable alternative ingredient in beauty and cosmetic products. These factors are expected to fuel demand for nutmeg ingredients and nutmeg butter products in the near future.
The global nutmeg butter market has witnessed significant growth in the past few years, and this trend is anticipated to continue through the course of the forecast period (2020 to 2030). The global nutmeg butter market is estimated to rise at a steady value CAGR of nearly 6% through 2030.
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High Purity Alumina Market to Expand More than Threefold by 2030, Supply Chain Disruptions Due to COVID-19 Outbreak Impeding Market Progress
Published On : Nov 19, 2020
Over the last couple of decades, globally, the electronics industry has witnessed significant growth, innovation, and transformation to higher levels. Furthermore, a key segment of the electronics industry - LEDs - has witnessed lucrative growth since the last couple of years, owing to its increased use in many electronic components. High purity alumina is one such high value-added chemical compound used in several electronic applications for high grade end use. Demand is estimated to witness significant growth over the coming years, aiding the growth of the high purity alumina market.
The global high purity alumina market is estimated to expand at a CAGR of 12.5% over the forecast period of 2020-2030.
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Automotive 48V System Market to Proliferate from 'Mild Hybrids'; COVID-19 Crisis to Have Minimal Impact on Market Expansion
Published On : Nov 18, 2020
As the automotive industry undergoes a metamorphosis, the global automotive 48V system market is expected to witness tremendous proliferation in the coming decade, according to a recently published report by Persistence Market Research (PMR). With countries attempting to achieve a 7.6% annual carbon emission reduction, it has become imperative to embrace sustainable alternatives to fuel consumption. Consequently, popularity of hybrid vehicles, especially mild hybrids, has been soaring in recent times.
Yielding cost savings and fuel economy up to 20%, mild hybrids are fast attracting the attention of automotive manufacturers, who are doling out specialized 48V systems to capture a significant share in the unconventional automobiles sector. Based on these trends, the automotive 48V system market is poised to enjoy a bright future ahead.
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Automotive Electrical Products Market to Expand at Moderate CAGR after Initial Setbacks Due to COVID-19 Pandemic
Published On : Nov 18, 2020
The global automotive electrical products market is likely to expand steadily, primarily due to swelling popularity of electric vehicles (EVs), concludes Persistence Market Research’s (PMR) recently published report on the subject.
As vehicular emission standards toughen, governments are transitioning from conventional diesel, gasoline, and petrol automobiles to more sustainable alternatives. As a result, ownership of EVs is peaking. Estimates suggest more than 500 different EV models by 2022, reaching 8.5 million unit sales by 2025. These highly sophisticated vehicles require advanced engine and charging setups, thus providing immense traction to the automotive electrical products market dealing in charging cables, connectors, batteries, and other assembly parts. Despite COVID-19-induced sluggishness, the market is expected to climb steadily across the long-term forecast period.
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Hematology Analyzers Market to Top US$ 2.2 Bn Valuation by 2030; COVID-19 Pandemic to Moderately Affect Market Progress in Short Term
Published On : Nov 18, 2020
Automation is one of the key technology advancements in the hematology analyzers market. Automatic and semi-automatic hematology systems are being rapidly adopted across the world, along with rising prevalence of hematological disorders such as leukemia, hemophilia, and anemia. According to the World Federation of Hemophilia, prevalence of hemophilia among male patients was found to be around 17 per 100,000 males, globally, in 2019. Additionally, according to the American Cancer Society, Non-Hodgkin’s lymphoma is one of the common types of cancer in the U.S, accounting for 4%. Increasing awareness about early diagnosis among patients is expected to be one of the key driving forces for the hematology analyzers market.
Persistence Market Research predicts that the global hematology analyzers market will exhibit a 5% CAGR during the forecast period (2020-2030).
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Veterinary Molecular Diagnostics Market to Expand Twofold by 2030; COVID-19 Crisis to Impact Demand in Near Term
Published On : Nov 17, 2020
Rise in population has led to significant increase in the amount of meat and dairy consumption across the world. In addition, growing concerns over the consumption of healthy meat and dairy products is also soaring high. Rising concerns about veterinary health in both, livestock as well as companion animals, are also leading the veterinary molecular diagnostics market toward significant growth. In America, the American Veterinary Medical Association conducts various awareness programs, and such efforts by organizations to create awareness are boosting the growth of the veterinary molecular diagnostics market.
However, the outbreak of COVID-19 in December 2019 has led to social distancing and lockdowns in more than 100 countries across the world. This has disrupted the supply chain of the market, thereby imparting a negative impact. The impact of COVID-19 is significant, and is expected to continue to be felt on the veterinary molecular diagnostics market in 20201 as well.
Persistence Market Research predicts that, the global veterinary molecular diagnostics market will exhibit a CAGR of around 8% during the forecast period (2020-2030).
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Automotive Active Grille Shutter Market to Experience Steady Growth amid Tightening Emission Standards: PMR
Published On : Nov 17, 2020
A new study by Persistence Market Research (PMR) on the global automotive active grille shutter market predicts a sluggish albeit upward growth trajectory on the back of growing concerns over rising emission levels from passenger, light, and heavy commercial vehicles.
With world fuel consumption continuously rising, demand for efficient automotive solutions increases at the same pace. Light-duty vehicles are often equipped with gasoline-powered spark ignition engine powertrains, and this makes them highly fuel-intensive. This brings the need for regular engine maintenance, which includes regulation of fuel burning, in turn, catalyzing the usage of active grille shutters.
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Healthcare Chatbots Market to Surge at 21% CAGR; Increased Need for Remote Diagnosis & Treatment amidst COVID-19 Crisis Catalyzing Demand
Published On : Nov 16, 2020
The coming years will see the most definitive transformation of chatbot platforms into conversational Artificial Intelligence (AI) platforms. The rudimental and restrictive architecture of healthcare chatbots no longer delights end users. AI conversant healthcare chatbots, unlike rudimentary healthcare chatbots, are cognitive bots with the ability to decipher complicated scenarios and understand user sentiments.
The Natural Language Processing (NLP) capabilities of AI conversant healthcare chatbots empower end users to offer personalized support to patients and clinicians, as integration of NLP technology entails the ability to understand sentiments and act accordingly. As end users across every industry vertical focus on enhancing customer satisfaction and achieving higher Net Promoter Scores, the adoption of conversational AI healthcare chatbots is estimated to increase during the forecast period.
The global healthcare chatbots market was valued at US$ 121 Mn in 2019, and is estimated to grow at a high CAGR of approximately 21% over the forecast period of 2020 to 2030.
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Electric Drill Market to Reach US$ 3.3 Bn by 2030; Demand to be Sluggish throughout COVID-19 Pandemic Phase
Published On : Nov 16, 2020
Smart electric drills facilitate accurate depth control, and are reshaping the electric drill market space. Players in the industry are focused on developing smart cordless drills that incorporate smart digital displays. These smart drills are known for using laser technology to measure distance, which does away with the need of traditional measuring tapes. The capability of smart electric drills to facilitate complete control and levelling during drilling has boosted their adoption across the world. All these product-related features and other aspects have significantly contributed to the growth of the electric drill market.
PMR analysis shows that, the global electric drill market is estimated to generate a value of US$ 3.3 Bn by the end of 2030, expanding at a CAGR of over 5% during the forecast period (2020-2030).
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