Recent Media Releases
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COVID-19 Outbreak Generates Unprecedented Demand for Flu Vaccines; Nasal Drop Vaccines Emerging Popular, Says a PMR Study
Published On : May 13, 2020
The influenza season is one of the key drivers that is triggering the demand for flu vaccines. Moreover, the surging number of COVID-19 patients has created an unprecedented demand for flu vaccines that prevent exposure to the novel virus. Sustained investments will play an instrumental role in the development of tailor-made flu vaccines, according to a new Persistence Market Research (PMR) study. The market value crossed its US$ 4 Bn mark in 2018, says the report.
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Kitchen Sink Market to Reach Valuation of US$ 5 Bn by 2030; Supply Chain Severely Affected Due to Covid-19-related Restrictions
Published On : May 12, 2020
On the back of these factors, the global kitchen sink market is projected to reach a valuation of US$ 5 Bn by the end of 2030, expanding at a CAGR of 4% over the forecast period of 2020 to 2030.
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Virtual Desktop Infrastructure Market to Expand More than Threefold by 2030; Work-from-home Trend Amidst Covid-19 Lockdowns Surging Demand
Published On : May 12, 2020
As per findings of a new market research report by Persistence Market Research, the global virtual desktop infrastructure market reached a valuation of nearly US$ 3.5 Bn in 2019, and is anticipated to exhibit a CAGR of around 12% during the forecast period of 2020 to 2030.
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Modified Starch Market to Reach US$ 18.5 Bn by 2030; Demand from End-use Industries to be Hit Due to Covid-19 Pandemic Spread
Published On : May 11, 2020
Modified starch is used in numerous food products, as their functional properties are much more enhanced and improved when compared to using native starch. Many physical modification processes such as heat-moisture treatment and annealing cause the physical modification of starch without damaging or gelatinizing starch granules. Also, these don’t affect birefringence, sizes, and shapes. Modified starch is used in the food industry as a fat replacer, texture improver, and for flavor encapsulation. This widespread use is expected to boost the global modified starch market through 2030.
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Plant-based Creamer Market to Reach US$ 11.7 Bn by 2030; Demand Decline Witnessed Due to Covid-19 Pandemic Effect on Foodservice Industry
Published On : May 07, 2020
The coffee culture is increasing across South Asia and East Asia, which are traditionally tea-drinking regions. This has increased the demand for instant mixes that offer a gourmet coffee taste and appearance, even in a sachet. Thus, manufacturers are trying their best to provide a luxury, out-of-the-home experience through their instant coffee mixes that are manufactured with the help of plant-based creamers. Instant-mix has become a popular product in the global market, and manufacturers are trying to leverage this to increase their consumer base. Various processed food manufacturers also use plant-based creamers as an ingredient in their final products, which are very popular in the Asia and MEA regions that have seen a rise in disposable incomes in recent years. The plant-based creamer market is expected to experience very high growth in these regions in the coming years. The market in Europe will also have a major share, as it is already a major producer of plant-based creamers.
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Soft Tissue Anchors Market to Close in on US$ 1 Bn Valuation by 2030; Demand to See Decline in Near Term Due to Covid-19 Pandemic
Published On : May 07, 2020
Medical facilities highly depend on soft tissue anchors during orthopedic surgeries. The availability of soft tissue anchors with various types of materials such as bio-materials and metals for surgical application across end-use sectors such as ambulatory surgical centers hospitals, etc., is expected to fuel the growth of the soft tissue anchors market. In addition, increase in investments toward the research & development of soft tissue anchors by key market players is propelling the growth of soft tissue anchors market. Consistent rise in the number of sports and orthopedic injuries, globally, is boosting the demand for bio-composite suture anchors and PEEK suture anchors, which is expected to contribute to the growth of the soft tissue anchors market during the forecast period.
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Bottled Deep Ocean Water Market to Reach US$ 1.9 Bn by 2030; Supply Chain Disruptions Due to Covi-19 Pandemic Impeding Market Growth
Published On : May 07, 2020
Consumption of supplied water is decreasing as the demand for bottled water increases day by day. In addition to this, with increasing awareness about health, consumers are seeking healthy alternatives in the beverage industry. Owing to this, mineral-enriched water products are in high demand across the globe. Besides this, consumers prefer bottled water in the HoReCa sector and while traveling. They prefer to carry bottled water than opting for supplied water when on a tour, which leads to an increase in the demand for and consumption of bottled water. This factor is propelling the growth of the bottled deep ocean water market across the globe.
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Waterjet Cutting Machine Consumables Market to Cross US$ 3 Bn Valuation by 2030; Manufacturing Slowdown on Back of Covid-19 Pandemic Impeding Growth
Published On : May 06, 2020
The influence of the green movement, worldwide, is forcing manufacturers to use ecofriendly technologies for metal cutting processes, which will reduce the emission of toxic gases and waste/mud generated by manufacturing industries. The adoption of waterjet cutting machines (WJCMs) can reduce such emissions. Moreover, the mixture of abrasives and water, which is generated after the cutting process, can be filtered, and 60% of it can be re-used during the cutting process.
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Polyester Medical Films Market to Exhibit Sharp Growth in Near Term Due to COVID-19 Pandemic; More than 7% CAGR Projected through 2030
Published On : May 05, 2020
Growth of the polyester medical films market is mainly supported by increasing healthcare spending in various countries across the globe. Polyester medical films are preferred in many medical applications, owing to their various advantages such as high thermal stability, high strength, resistance to moisture, and many others over other materials. In addition, the continuously increasing global population creates more demand for various diagnostic products, which is subsequently boosting the growth of the global polyester medical films market.
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ANZ Automotive Battery Market to Expand Twofold by 2030; Covid-19 Pandemic Limiting Manufacturing Capabilities and Sales
Published On : May 04, 2020
An automotive battery is type of rechargeable battery that is utilized for the starting, lighting, and ignition of a vehicle, and for handling all the electric parts of the vehicle. Automotive batteries are installed in both, IC engine-propelled vehicles as well as electric & hybrid vehicles. Electrification of vehicle components and increasing preference toward electrical vehicles factors are expected to boost the demand for automotive batteries over the forecast period.
A study by PMR concludes that, the ANZ automotive battery market will expand at a CAGR of 7 % over the forecast period of 2020 to 2030, and reach a valuation of US$ 1.5 Bn by the end of 2030.
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Bicycle Market to Reach US$ 109 Bn by 2030; Manufacturing & Sales Decline Witnessed Due to Covid-19 Pandemic
Published On : May 04, 2020
Rising traffic congestion is an unavoidable condition, particularly in large and growing metropolitan areas across the globe. Thus, increasing urbanization in emerging as well as developed economies, coupled with expansion of general fabrication activities and low manufacturing cost, has led to a surge in the demand for bicycles as a means of conveyance.
Continuously increasing demand for faster and cleaner modes of transportation and rising awareness of bicycle sharing systems are creating significant opportunities for the growth of the bicycle market across the globe. A study by PMR on the bicycle market concludes that, the market is anticipated to reach a valuation of around US$ 109 Bn by the end of 2030, expanding at a CAGR of nearly 6% over the forecast years (2020-2030).
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Network Forensics Market to Expand More than Threefold by 2030; Need to Secure Data with Increased Work-from-home Activities Due to Covid-19 Pandemic
Published On : Apr 29, 2020
As per findings of a new market research report by Persistence Market Research, worldwide sales of the network forensics market closed in on US$ 2 Bn in 2019, and are anticipated to exhibit a noteworthy CAGR of 12% during the forecast period of 2020 to 2030. Due to ever-increasing security breaches and cyber threats, organizations are adopting various security tools to secure their network data from cyber-attacks such as DDoS and zero-day. The adoption of security management services within organizations helps in event monitoring, content security, email encryption, and data security, which is propelling the growth of the network forensics market.
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Automotive Cybersecurity Set to Encounter Shortfalls amid COVID-19 Pandemic; Demand Foreseen to Pick up in Post-crisis Scenario: PMR Report
Published On : Apr 28, 2020
The global automotive cyber security market is anticipated to embark on a positive growth trajectory throughout the forecast period of 2018 – 2028. This is attributed to the increasing prevalence of automation across several industrial verticals, especially in manufacturing and automobiles. Based on these trends, a new Persistence Market Research (PMR) report forecasts the global automotive cybersecurity market to surpass the US$1 Bn mark by 2028, expanding at an impressive double-digit CAGR during the forecast period.
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Gift Card Market to Surpass US$ 1.4 Trillion by 2030; Sales Witnessing Temporary Slowdown Due to Covid-19 Pandemic
Published On : Apr 28, 2020
Among all the regions, North America is the largest market for gift cards. However, North America is gradually reaching a maturity phase due to the presence of a large number of players and corresponding customers in the region. The demand for gift cards is rapidly increasing in the Asia Pacific region, particularly in China, Japan, and India. On the other hand, Latin America and the Middle East & Africa are still at the nascent stage. The gift card market in Europe is expected to expand at a prominent CAGR, owing to the increasing number of companies that are present in the region and changing trend in the banking sector.
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Home Fitness Equipment Market to Reach US$ 6 Bn by 2030; Increase in Home Workouts Due to Covid-19 Lockdowns Catalyzing Market Growth
Published On : Apr 27, 2020
Rising awareness of consumers toward a healthy and fit lifestyle has increased the demand of home fitness equipment. The market is majorly driven by the fitness-conscious population across the globe. Product innovation rising trend of home-based workouts are driving the home fitness equipment market. Rising obesity rates in developing countries due to hectic lifestyles and increased consumption of junk food have also propelled the demand for home fitness equipment. Initiatives such as corporate wellness programs also contribute to the growth of the home fitness equipment market. However, large-scale resale of used devices limits industry growth. Increasing demand from developing countries would ensure overall market growth. Even in situations like lockdowns and quarantines due to the outbreak of coronavirus, corporates are promoting online fitness activities, which is enhancing the demand for home fitness equipment across the world.
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Body Shaper Market to Cross US$ 4 Bn by 2028; Sales Growth to Falter in Near Term Due to Covid-19 Pandemic
Published On : Apr 27, 2020
Body shapers include garments or undergarments that help hold the fat in the body together and make a person appear slimmer. The fabric of body shapers is strong, thick, and elastic in nature. Over the past few years, geographical distribution of production in apparel and textile industries has changed dramatically. More than 60% of global clothing that is exported is manufactured in developing countries. An increasing percentage of population is getting influenced to maintain a healthy and fit lifestyle. Moreover, growth in the number of fitness enthusiasts is also expected to support the growth of the body shaper market during the forecast period.
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Wheat Protein Market to Cross US$ 4.5 Bn Valuation by 2030; Both, Production and Demand Adversely Affected by Covid-19 Pandemic
Published On : Apr 24, 2020
Consumers are seeking rich as well as good sources of protein to balance their diets, as they have become more aware of the health benefits of protein. Plant-based proteins such as soy, wheat, pulse, chia, and rice are vital protein sources used to maintain the strength of muscles and other tissues, as well as offer additional nutrition benefits. Moreover, other than nutrition, taste is an added advantage of plant-based protein. In addition, animal cruelty and sustainability are other factors creating demand for plant-based protein products across the world. These factors are expected to accelerate the growth of the wheat protein market over the next decade.
The global wheat protein market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period (2020 to 2030). The global wheat protein market is estimated to rise at a steady CAGR of 5% during the forecast period.
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Peripheral Intravenous Catheters Market to Close in on US$ 10 Bn by 2030; High Number of Hospital Admissions Due to Covid-19 Outbreak Surging Demand
Published On : Apr 24, 2020
Increasing hospitalizations, anticipated rise in cancer incidence, and higher demand for infused chemotherapy agents are fuelling the need for higher quality catheters for safe usage. Furthermore, rising number of biologic approvals is increasing the demand for infusion therapies. The global peripheral intravenous catheters market was valued at US$ 4.9 Bn in 2020, and is expected to witness a healthy CAGR of 7% during the forecast period (2020–2030).
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Edible Insects for Animal Feed Market to Exhibit Impressive CAGR of 39% through 2030; Logistical Issues Due to Covid-19 Pandemic Hampering Growth
Published On : Apr 23, 2020
Manufacturers in the global edible insects for animal feed market are accelerating their growth by increasing their offerings in the commercial market. This is being witnessed mainly in Europe, where insect-based feed manufacturers are improving the commercialization of insect-based proteins. The authentication of insect proteins for use in aquafeed by the European Food Safety Authority (EFSA) and EU member states is anticipated to drive the growth of the global edible insects for animal feed market over the next decade.
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Organic Pea Protein Market to Expand Twofold by 2030; Manufacturing and Demand to Be Hit Until Covid-19 Pandemic Subsides
Published On : Apr 22, 2020
The millennial population is becoming more concerned about their health, and they are opting for a balanced diet with nutritional food. Diet and nutrition involve the consumption of a large amount of protein, and a majority of consumers prefer organic products owing to their high nutritional content. Organic pea protein is perceived to be free from additives, are naturally sourced and non-GMO, and its nutritional value makes it the perfect source of protein for health-conscious people around the world. Thus, organic pea protein is emerging as the perfect diet ingredient for health-conscious consumers.
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