Recent Media Releases
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OTC Consumer Healthcare Market to Surpass US$ 250 Bn by 2030; COVID-19 Outbreak Catalyzing Sales of OTC Drugs
Published On : Jul 10, 2020
Increasing awareness regarding self-care is a major factor contributing to the growth of oral health care related to cough, cold, allergies, analgesics, and others. The COVID-19 pandemic has only amplified this trend, which is expected to continue in the foreseeable future. Among the regions, North America is the largest market for OTC consumer healthcare, due to the presence of a large number of key players and high concern for health among customers in the region. The market East Asia is likely to register high growth in the coming years, due to the increasing older population coupled with the high presence of common ailments among the people. This is expected to boost the demand for OTC pharmaceuticals and dietary supplements in the region.
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Organic Milk Powder Market Size to Double in Next Ten Years; Slowdown of F&B Industry amidst COVID-19 Pandemic Hurting Market Growth
Published On : Jul 09, 2020
Infant formula is one of most vital baby food, and consumers are more concerned regarding its quality. This has further increased the demand for organic and high quality infant formula among consumers. Since organic milk powder is a major base of organic infant formula, its demand is expected to increase over the coming years. Furthermore, organic milk powder is more nutritious than conventional milk powder, as it is beneficial for promoting immune health and useful for brain and eye development of babies. Key characteristics such as absence of artificial flavor, hormones, preservatives, and other artificially-sourced ingredients enhance the quality of the products.
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High Purity Quartz (HPQ) Market to Reach US$ 1.7 Bn by 2030; COVID-19-related Disruptions in HPQ Supply Chain and Semiconductor Industry Hurting Market Growth
Published On : Jul 08, 2020
High purity quartz is quartz (SiO2) with 99.99%+ purity, and is very rare. Most naturally occurring quartz contain a variegated range of impurities, among which, contamination from substantial elements such as Al, Ti, and Li are impossible to remove, if structurally bound to silica. The growth of the high purity quartz (HPQ) market is majorly driven by increasing demand from the electronics sector. In terms of geographical perspective, demand is majorly driven by East Asia and Europe, especially from China, Germany, etc. HPQ’s significant characteristics such as consistent quality, and negligible amount of impurities as compared to general silica sand, make it more preferable.
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Office-based Lab Market to Expand 3.4X by 2030; Priority for COVID-19 Care at Hospitals Increasing Opportunities for OBLs
Published On : Jul 06, 2020
The office-based lab model can deliver primary care with the presence of a physician. This has increased the utilization of non-physicians to provide effective solutions at office-based labs. This factor has surged the number of non-physician graduates from 2013 to 2015, at a CARG of 10.6%. Simultaneously, the demand for non-physician clinicians has also increased at primary care facilities. This is due to the fact that there are specific primary care that can be provided more comfortably by non-physicians rather than physicians.
According to a latest report published by PMR, the global office-based lab market was valued at US$ 19 Bn in 2020, and is expected to witness a healthy CAGR of around 13% during the forecast period (2020–2030).
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Healthcare Safety and Risk Management Solutions Market to Expand at 11% CAGR through 2030; Higher Growth to be Witnessed during COVID-19 Pandemic
Published On : Jul 02, 2020
The healthcare safety and risk management solutions market is anticipated to grow 11% annually through the period of 2020 to 2030, due to increasing adoption of advanced healthcare IT solutions such as big data, bioinformatics, genomics, and image analysis. These solutions include informatics from deep learning applications such as electronic health records (EHRs) and image processing, to assist physicians with the diagnosis and management of disease states.
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Inflatable Boats Market to Reach US$ 2.6 Bn by 2030; Sluggish Tourism Industry amidst COVID-19 Pandemic to Restrict Sales in Near Term
Published On : Jul 02, 2020
Rapidly growing demand from maritime security along with rising number of leisure activities are the main driving factors for the inflatable boats market. The boating industry has witnessed significant growth in recent years, with increasing number of professionals and adventurers, and boat racing events, which have tremendously bolstered the demand for inflatable boats.
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Network Performance Monitoring Market to Expand Threefold by 2030; COVID-19 Pandemic Restrictions Increasing Need for Remote Monitoring
Published On : Jun 26, 2020
Increasing complexity of networks is one of the biggest concerns faced by most enterprises. Enterprise networks have become more complex due to the adoption of new technologies such as cloud computing and IoT, as well as changing business practices. Organizations are adopting various network monitoring tools to better maintain and control their network infrastructure, which is the main reason driving the growth of the global network performance monitoring market.
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Olive Oil Market to Hit US$ 20 Bn Mark in 2030; Reduced Demand from Foodservice Industry Due to COVID-19 Pandemic Impeding Market Growth
Published On : Jun 26, 2020
The European Union is the leading producer, consumer, and exporter of olive oil across the globe. Europe is also the leading producer of olives, which makes it the most lucrative region for manufacturers in the global olive oil market. Additionally, the Asia Pacific region is expected to offer promising opportunities for market players over the coming years.
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Marula Oil Market to Reach US$ 72 Mn by 2030; Growth Affected Due to Reduced Manufacturing and Sales Brought on by COVID-19 Pandemic
Published On : Jun 26, 2020
Antioxidants are gaining wide attention in the cosmetic industry, as these offer efficient solutions for skincare. Antioxidants stop the oxidation process under which a compound loses electrons and negatively affects the skin. The oxidation process happens due to internal and external reasons, such as UV radiation, pollution, etc. Oxidation affects the skin by causing blackheads, wrinkles, loss of hydration, etc. Since consumers across the world are becoming more conscious regarding healthy and young-looking skin, manufacturers are moving toward the usage of antioxidants in cosmetic products. Marula oil contains high antioxidant properties and comprises vitamin E and C, which are capable of resisting the oxidation process.
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Mobile Ticketing Market to Exhibit 17% CAGR through 2030; COVID-19-related Restrictions on Travel and Entertainment Hindering Market Growth
Published On : Jun 26, 2020
As per the findings of a new market research report by Persistence Market Research, worldwide revenue of the mobile ticketing market reached US$ 1.2 Bn in 2019, and is anticipated to exhibit an impressive CAGR of 17% during the forecast period (2020 to 2030). Adoption of mobile ticketing systems and apps to drive ticket sales, reduce reliance on printed paper and plastic tickets, and to encourage digitization and cashless payments are all aiding the growth of the mobile ticketing market. The transportation and event sectors will lead the way in terms of sales through 2030, thereby pushing the growth of the global mobile ticketing market in a big way.
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Ineffective Esophageal Motility Treatment Market to Reach US$ 6.4 Bn by 2030; Prioritization of COVID-19 Treatment to Hurt Near-term Growth
Published On : Jun 24, 2020
Ineffective esophageal motility treatment leads to a reduction in muscle damage and improved outcomes, improving quality of life and resulting in long-term benefits. Device-based treatment and IEMT drugs have already had a substantial impact on how symptoms of GERD and achalasia are treated. The first and the most important factor driving the growth of the ineffective esophageal motility treatment market is the increasing prevalence of gastroesophageal reflux disease. Other factors, such as intake of asthma medications and increasing geriatric population, are also responsible for driving the ineffective esophageal motility treatment market.
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Angiography Catheters Market to Expand Twofold by 2030; Manufacturing Challenges amidst COVID-19 Pandemic Hurting Market Growth
Published On : Jun 24, 2020
A catheter used in angiography with the help of X-ray imaging guidance. The use of a catheter makes it possible to combine treatment and diagnosis in a single procedure. Various catheters available for angiography include coronary catheters, renal catheters, and microcatheters. However, coronary catheters are the most-used product due to increasing incidence of cardiovascular disease. Since the past few years, cardiovascular diseases (CVDs) are the leading cause of death, worldwide, taking approximately 18 million lives each year. This factor will propel the growth of the angiography catheters market during the forecast period. Furthermore, technological advancements in cardiovascular procedures and development in healthcare infrastructure are some other factors that will boost the angiography catheters market in the future.
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Business Productivity Software Market to Cross US$ 78 Bn Valuation in 2030; Increased Adoption being Witnessed across Organizations during COVID-19 Pandemic
Published On : Jun 23, 2020
Advancements in collaborative and interactive technologies have made communication solutions more dynamic, which enables individuals to share information via multimedia technology. Also, content sharing, digital data streaming, and mobile connectivity solutions are turning meeting rooms into dynamic locations, where people from different states, countries, and continents can be involved in one place for decision-making, problem-solving, and risk control processes. Due to this digitizing at the workspace, many vendors in the business productivity software market are focusing on developing more dynamic solutions to meet the rising demands of customers, which, in turn, is driving the growth of global business productivity software market.
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Chatbots Market to Exhibit Impressive 20% CAGR through 2030; Restrictions Due to COVID-19 Outbreak Surging Demand for Chatbots with Self-service Features
Published On : Jun 23, 2020
Retailers and e-Commerce businesses are accelerating the procurement of chatbot solutions and services to bridge the gap of customization faced by customers while shopping online. Integration of chatbots to cater to customer needs dramatically advances customer experience and enables sellers to gain detailed insights into the personalization requirements of their customers. Chatbots also acknowledge customer intent, while facilitating the provision of relevant product recommendations. Apart from such web-based chatbots, high demand for contact center chatbots is being observed in the retail and e-Commerce arena.
The global chatbots market was valued at US$ 650 Mn in 2019, and is estimated to progress at a CAGR of approximately 20% during the forecast period of 2020 to 2030. This strong growth rate can be attributed to the high adoption of chatbots for marketing, sales, customer support, digital onboarding, and personal assistance. However, further advancements in natural language processing (NLP) and advanced cognitive conversational skills are required to ensure the high reliability of chatbots.
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Lithium Ion Battery Market to Expand at Impressive 14% CAGR through 2030; Decreased Auto Sales Due to COVID-19 Outbreak Affecting Market Growth
Published On : Jun 19, 2020
The rapidly growing fleet of electric vehicles (EVs) is one of the most important driving factors for the lithium ion battery market. The automotive industry has been witnessing a visible shift from using nickel metal batteries to lithium ion batteries in plug-in vehicles and EVs. The beneficial physical characteristics of lithium ion batteries such as small size and light weight have bolstered their demand across the automotive industry.
The global lithium ion battery market is estimated to expand at a CAGR of around 14% by value over the next decade, and reach a valuation of US4 127 Bn by 2030.
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Non-invasive Ventilation Masks and Circuits Market to Exhibit Healthy CAGR of Over 9%; Surging Demand being Witnessed to Treat COVID-19 Patients
Published On : Jun 19, 2020
Adoption of non-invasive ventilation masks and circuits will increase due to large procedural benefits that they offer - masks provide an optimal fit, along with minimizing pressure and leakage points. At present, there is increased demand for non-invasive ventilation masks and circuits due to the growing incidence of coronavirus disease, especially among the elderly population and those suffering from long-term chronic respiratory disorders, which provides an opportunity for manufactures to innovate and increase their product sales.
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Anhydrous Caffeine Market to Expand 1.6X by 2030; Reduced Demand from F&B Industry Due to COVID-19 Pandemic Affecting Market Growth
Published On : Jun 19, 2020
Anhydrous caffeine is used in various sports drink to enhance the performance of athletes. Athleticism comprises strength, speed, agility, power, aerobic capacity, mental resilience, and other key performance areas. Anhydrous caffeine improves the performance and focus of athletes. As the health & fitness trend and fierce competition is changing in different sports, the demand for caffeine-infused sports beverages is surging, and subsequently, increasing the use of anhydrous caffeine.
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Hydrolyzed Plant Protein Market to Cross US$ 3 Bn Valuation in 2030; Production and Supply Chain Disruptions Due to COVID-19 Outbreak Stunting Market Growth
Published On : Jun 19, 2020
Healthy snack foods are becoming popular among the working population across the world due to changing lifestyles, increasing urbanization, and hectic work schedules. Hydrolyzed plant proteins play a key role in the preparation of several foods such as sausages, meat analogs, cereals, and soups, by the formation and stabilization of emulsions. Hydrolyzed plant protein is also used as a flavor enhancer in meat analogs to improve and enhance its flavor and taste.
Thus, the increasing use of hydrolyzed plant protein in various food preparations, especially in convenience food products, is boosting the growth of the global hydrolyzed plant protein market. In recent years, the global hydrolyzed plant protein market has witnessed substantial growth, and this trend is anticipated to continue over the forecast period of 2020-2030, at a significant CAGR of 5%.
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Dry Wash Spray Market to Reach US$ 7 Bn by 2030; Rising Awareness Regarding Hygiene amidst COVID-19 Outbreak Boding Well for Market Growth
Published On : Jun 17, 2020
Water stress is a new challenge for the world, where frequent usage for laundry or cleaning purposes is common. This is where product innovation in the industry, such as dry wash spray, plays a vital role, as it minimizes the use and wastage of water. Dry wash spray is available in the market for different purposes, such as laundry, personal care, and other similar uses.
According to an independent study, using a dry wash shampoo spray for haircare will save around 350 to 500 liters of water per bottle, as no rinse is required. On the other hand, in case of laundry, clothes are, on an average, fully washed 40 - 55 times in their lifespan, whereas, they really do not require full wash each time. In such cases, the use of dry wash spray can save on water while maintaining the quality of the clothes. All these aspects related to water stress point out toward the bright future of the global dry wash spray market in the coming years, which is projected to be valued at US$ 7 Bn by the year 2030.
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Polyhedral Oligomeric Silsesquioxane (POSS) Market to Reach US$ 375 Mn by 2030; COVID-19 Pandemic Restrictions Hurting Potential Growth Opportunities
Published On : Jun 16, 2020
Polyhedral oligomeric silsesquioxane, also known as POSS, is used for the improvement/enhancement of products, which gives manufacturers the liberty to develop custom products. Because of its chemical nature, POSS technology can be tailored to meet resin and consumer compatibility needs. The polyhedral oligomeric silsesquixane market is still in an initial phase of growth. Research is ongoing on POSS compounds in order to reduce its cost and commercialize it on a large scale. As such, it is estimated that, the POSS market will witness significant growth in the near future.
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