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Recent Media Releases


The following is a compilation of the press releases for reports published by Persistence Market Research.
  • 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 (20202030).

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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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  • Guerbet Alcohol Market Valuation to Touch US$ 1.5 Bn by 2030; High Usage in Personal Care Products Surging Demand Due to Covid-19 Pandemic

    Published On : Apr 21, 2020

    Guerbet alcohols are used as cosmetics ingredients to provide multifunctional properties. They act as a super fattening agent, emulsion stabilizer, perfuming agent, viscosity increasing agent, and binder. Also, due to their hydrocarbon branching, guerbet alcohols exhibit relatively good oxygen permeability, which is an essential property for skin applicants and used to make cosmetics emollients. Moreover, OSHA defines these alcohols to be non-hazardous substances, i.e. they are relatively safer alternatives to some other conventionally used ingredients for cosmetics products.

    The guerbet alcohol market recorded a volume of 121,355 tons in 2020, and the market is expected to exhibit a CAGR of 4 % during the forecast period (2020-2030).

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  • ADHD Therapeutics Market to Expand Twofold by 2030; Deprioritized Status of ADHD in Hospitals Due to Covid-19 Pandemic Surging Market Growth

    Published On : Apr 21, 2020

    Both, stimulants and non-stimulants are gaining significant demand for the treatment of attention-deficit hyperactivity disorder. ADHD is one of the most common childhood disorders, and is more prevalent in males than females. ADHD is a chronic condition where treatment cannot cure the patient; however, early diagnosis and treatment could mitigate the symptoms. There are many effective ADHD therapeutics available, such as stimulants, amphetamine, and methylphenidate, which are generally selected by physicians for first medication. Besides, manufacturers are also continuously focusing on the development of new ADHD therapeutics with a diversity of mechanisms and functions.

    The global attention-deficit hyperactivity disorder (ADHD) therapeutics market was valued at US$ 19 Bn in 2020, and is expected to witness a CAGR of 7% during the forecast period (20202030).

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  • Electroencephalography Devices Market to Double in Value by 2030; Covid-19 Pandemic Creating Increased Demand from Hospitals & Clinics

    Published On : Apr 21, 2020

    The use of electroencephalography (EEG) devices is gathering momentum around the world, owing to its proven clinical advantages over other brain imaging techniques for the diagnosis of various neurological disorders. Electroencephalography devices are the most promising devices used to measure and record electrical activities in the brain, which helps in the diagnosis of epilepsy, Parkinson’s disease, Alzheimer's disease, and other neurological disorders. Increase in the demand for high-quality EEG devices along with advances in technology have amplified the success of electroencephalography devices for the diagnosis of brain disorders. Electroencephalography devices have gained clinical significance on basis of their performance, such as measuring cognitive functions and seizure diagnosis through ambulatory EEG. 

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  • Asphalt Additives Market to Top US$ 7 Bn by 2030; Stalled Infrastructure Projects Due to Covid-19 Pandemic Leading to Demand Decline

    Published On : Apr 20, 2020

    Asphalt additives are external chemicals or materials added to asphalt to enhance its properties and performance, and also enhance its functional temperature. At a higher temperature, the viscosity of asphalt decreases significantly, and increases at a lower temperature, which hampers the usage of asphalt in roads, pavements, and other infrastructure. The addition of asphalt additives helps overcome this problem; it increases film thickness, thus preventing cracking, raveling, and deformation. This, in turn, reduces the maintenance cost of asphalt-constructed structures.

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  • Roasted Soybean Market to Reach US$ 2.5 Bn by 2030; Supply Chain Issues and Reduced Demand Witnessed Due to Covid-19 Pandemic

    Published On : Apr 17, 2020

    The global roasted soybean market has been witnessing steady growth since the past few years, and this growth trend is projected to continue throughout the forecast period of 2020-2030. The global roasted soybean market is estimated to register a CAGR of 6% throughout the forecast period.

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  • Waterjet Cutting Machine Market to Expand Over 2X by 2030; Coronavirus Pandemic to Restrict Demand in Short Term Following Factory Closures

    Published On : Apr 17, 2020

    High productivity as well as accuracy and efficiency in the cutting of expensive/high-cost metals are offered by waterjet cutting machine. Since there is no generation of heat or mechanical stress, the process is considered to be highly efficient. Thus, increase in the requirement for strict tolerance machines in precision cutting operations in the automotive industry, as well as other industries, is expected to boost the demand for waterjet cutting machines.

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  • Mesotherapy Market to Reach US$ 800 Mn Valuation by 2029; COVID-19 Pandemic to Hamper Manufacturing Activities

    Published On : Apr 16, 2020

    Increasing adoption of mesotherapy for skin rejuvenation procedures across developed and developing countries, due to increasing product availability, is expected to drive the growth of the mesotherapy market. Also, the availability of different variants of mesotherapy products, including creams, masks, peels, solutions, and dermal fillers provides extensive options to consumers. The minimally-invasive nature of mesotherapy, easier product availability, and cost effectiveness are key factors propelling revenue growth. Rise in medical tourism along with increasing disposable income in countries such as Brazil, India, and China is expected to offer further impetus to market growth during the forecast period of 2019 to 2029.

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  • Physician Scheduling System Market to Expand 4X by 2030; Increased Need Witnessed in Hospitals Amid Covid-19 Outbreak to Improve Efficiency

    Published On : Apr 14, 2020

    As per findings of a new market research report by Persistence Market Research, the global physician scheduling system market reached US$ 311 Mn in 2019, and is anticipated to exhibit a healthy CAGR of 14% during the forecast period of 2020 to 2030. Adoption of physician scheduling systems is increasing across the world, as physicians encounter difficulties with increasing administrative tasks and regulations, which affects their ability to offer patient care, and they struggle to sustain their practices. To combat administrative work processes, advanced clinical software such as physician scheduling systems help in scheduling appointments and resource allocation in clinics. These practices improve efficiency regarding patient care, and reduce the costs of administrative tasks for physicians, and hence, are widely demanded.

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  • Eye Health Supplements Market to Reach US$ 3.8 Bn by 2029; Focus on Preventive Healthcare During Covid-19 Pandemic Catalyzing Market Growth

    Published On : Apr 14, 2020

    Rising prevalence age-related macular degeneration (AMD), cataract, etc., are expected to a fuel the growth of the eye health supplements market. Also, increasing adoption of eye supplements as preventive medication among the aging population is further expected to propel the eye health supplements market. Besides, the availability of a variety of effective eye health supplements with a refined distribution network across the world is also expected to aid market growth over the forecast period. 

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  • Vanilla Bean Market to Cross US$ 3.5 Bn Valuation by 2030; Reduced Demand from End-use Industries Amid Covid-19 Pandemic

    Published On : Apr 11, 2020

    Vanilla and vanillin are the most preferred flavors among consumers. Food and beverage products such as vanilla ice cream, vanilla-based beverages, and vanilla flavored chocolate are among the highly consumed food products across the world. The demand for vanilla-flavored food products is also on the rise, attributable to the ability of vanilla to enhance the taste of a wide range of desserts and confectionery items. Moreover, vanilla-flavored alcoholic beverages are also gaining traction. With an increased number of applications of vanilla flavor, the vanilla bean market is anticipated to exhibit healthy growth through 2030.

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  • Hand Sanitizer Market Surging on Back of Global Covid-19 Pandemic; Demand for Chemical-free Products to Witness Upward Trajectory

    Published On : Apr 11, 2020

    Rising concerns about the coronavirus pandemic have surges the demand for hand sanitizers among the public, hospitals, and other healthcare facilities across the globe. Increasing positive cases of novel Covid-19 and high number of deaths in North America and Europe are also boosting the demand for hand hygiene products in these regions. As we speak, the U.S. has the highest number of positive cases of patients infected with coronavirus in the world. Thus, the demand for hygiene products in the country is increasing significantly, which is expected to surge the growth of the hand sanitizer market. In addition, companies have also expanded their production capacity of alcohol-based hand sanitizers to help ehnance public health.

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  • Endoscopes Market to Expand 2X Over Next Decade; Increasing Demand Witnessed for Single-use Endoscopes to Prevent Covid-19 Spread

    Published On : Apr 10, 2020

    Endoscopes are gaining significant demand for arthroscopy, bronchoscopy, colonoscopy, and cystoscopy procedures. The shift toward minimally-invasive surgeries compared to open surgeries is likely to increase demand for endoscopes. Key stakeholders are introducing capsule endoscopes, robot-assisted endoscopes, and disposable endoscopes to overcome few drawbacks of conventional endoscopes. For instance, in July 2015, Medrobotics Corporation received FDA clearance for its Flex® Robotic System for sale in the United States. Also, international medical device manufactures are concentrating on entering the capsule and robot-assisted endoscopes market. For example, Medtronic now holds a leading market share in the capsule endoscopes market after its acquisition of Given Imaging Ltd.

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  • Bare Metal Cloud Market to Exhibit 20% CAGR through 2029; Covid-19-related Lockdowns to Further Bolster Demand

    Published On : Apr 10, 2020

    With increasing usage of network-enabled mobile devices, the demand for hosting infrastructure services has also increased. Moreover, the ever-increasing performance and scalability offered by bare metal cloud servers and services in opposing conditions such as magnified and flexible generation of network traffic is one of the lucrative opportunities that bare metal cloud providers can benefit from. Growth opportunities in the bare metal cloud market are directly related to deployment of solutions that possess the ability to keep up with security-related challenges, while keeping these solutions in line with the standards and regulations legislated globally and regionally. Industry verticals such as banking and financial, retail and wholesale, IT and ITES, and manufacturing, among others, are adopting such bare metal cloud services for data management and deployment.

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  • Need for Compliance with Emission Norms Favoring Automotive Fuel System Market Growth; Production & Supply Chain Hit by Covid-10 Pandemic

    Published On : Apr 09, 2020

    According to a PMR study, the COVID-19 pandemic continues to hamper automotive production activities across the globe, as some of the most affected countries are major automotive production hubs, such as China, Germany, the U.S, and Japan, among others. The COVID-19 outbreak is likely to significantly impact consumer demand in the short term, with car sales in China already registering an 86% drop in Feb 2020. Tier 2 and especially tier suppliers of automotive fuel systems are likely to be most affected by pandemic-related disruptions.

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