May 28, 2020
Microbreweries and Large-Scale Corporate Breweries to Create Opportunities for Specialty Malt Market despite Sluggish Growth in Near Term, Concludes Fact.MRMicrobrewery is a brewery that produces small amounts of beer as compared to large-scale corporate breweries, and is independently owned. According to the US Brewers Association, significant growth opportunities exist in the microbrewery industry. Specialty malt is a major ingredient in crafted beers, which adds flavor and color to the final product. Based on these trends, the market for specialty malt is slated to grow at a positive 6% CAGR during the forecast period (2020-2030).
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May 28, 2020
Metal Packaging Coatings Market to Exhibit Steady Growth at ~5% on the back of Escalating Demand for Beverage Cans, Projects Fact.MRThe global metal packaging coatings market is set to record a CAGR of ~5% during the forecast period (2020-2030). Proper food and flavor protection, outstanding adhesion and flexibility in coating formulations has leveraged the demand for metal packaging coatings in the can manufacturing and coating formulating industries. Moreover, the preference for green manufacturing will create a robust environment for metal packaging coatings as they are free from toxic chemicals like epoxy and BPA.
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May 28, 2020
Submersible Pump Market’s Near Term Outlook to Remain Stunted owing to COVID-19 crisis, Market to surpass US$ 12.2 Billion through 2030, Infers Fact.MRThe global submersible pump market was valued at US$ 8.7 billion in 2020 and it is anticipated to add value worth US$ 3.5 billion during the forecast period. The outbreak of COVID-19 will leave a residual impact on the long-term outlook of the market with growth projected at a sluggish CAGR of 3.4% through 2030. Stunted growth is foreseen due to latency in application industries amid stringent lockdowns in many countries.
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May 28, 2020
Global Medical Waste Containers Market to Expand 1.4x through 2026, Innovations in Leak-proof Containers Sustaining Growth, Concludes Fact.MRThe global medical waste containers market is forecast to expand 1.4x at a CAGR of 5.1% during the forecast period (2020-2026). Medical waste disposal and management is a major concern globally. Several governmental, non-governmental and community level organizations have collaborated to assist hospitals and other healthcare institutions to manage their waste. These bodies are actively engaged in recycling, collection and disposal of medical waste.
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May 26, 2020
Industrial Trucks Market to Record Muted Sales in Short Term, Market to Rebound Strongly with Sales Pegged at US$37 Bn through 2030, Projects Fact.MRThe global industrial trucks market was estimated to reach a valuation of US$ 20 Bn by 2020 end. However the most visible impact of COVID-19 has been on the automotive sector. Presently sales of industrial trucks have plummeted considerably with manufacturers scrambling to secure some capital or investor money to circumvent the crisis. Despite this, the long term outlook for the industrial trucks market looks good with the market pegged to surpass US$ 37 Bn by the end of the forecast period (2020-2030).
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May 26, 2020
Image Guided Surgery Devices Market to Record 6% Growth through 2025, Market Impacted with Deferment of Elective Procedures amid COVID-19 Crisis, Opines Fact.MRWith the growing incidences of chronic conditions such as neurological disorders, cancer and other life-threatening diseases, the market for image guided surgery devices is set to gain traction. The market is anticipated to expand at a healthy CAGR of 6.0% across the forecast period (2020-2025). This growth is attributed to a burgeoning preference for minimally invasive surgical procedures which are expected to generate better clinical outcomes.
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May 26, 2020
Global Contract Lifecycle Management Market is set to Grow Three-Fold by 2030, backed by Advancements in Telecom & IT Industry, Opines Fact.MRFact.MR reveals in its newest report that the contract lifecycle management market will experience ~3.5X growth to hit a valuation of ~US$ 2.4 Bn by 2030. Rapid developments in new technologies such as hybrid cloud solutions, have made access to new markets easier and more cost-effective. With the help of these innovations, one can manage contracts in real time, providing more visibility, choice and control over cloud, electronic repository, and other infrastructure.
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May 25, 2020
Trace Moisture Generator Market’s Near Term Outlook to Remain Stunted owing to COVID-19 crisis, Market to surpass US$ 6.2 Mn through 2030, Infers Fact.MRThe global trace moisture generator market was valued at US$ 19.9 million in 2020 and is anticipated to add value worth US$ 6.2 million during the forecast period. The impact of COVID-19 will leave a residual impact, with growth projected at an abysmal 2.7% through 2030. This is largely attributed to latency in end use industries amid stringent lockdowns in many countries. Trade suspensions to prevent the spread of COVID-19 has drastically impacted the market, resulting in a sharp dip in overall revenue.
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May 25, 2020
Sales of Medical Dynamometers to Soar through 2026, Market to Experience Marginal Crunch amid COVID-19 Pandemic, Infers Fact.MRThe global medical dynamometers market exhibits a positive growth trajectory, expanding at a CAGR of 7.7% between 2020 and 2026. Growth of the market is associated with an increasing prevalence of orthopedic disorders. According to the International Osteoporosis Foundation, the disease is responsible for nearly nine million fractures annually, with an osteoporotic fracture every three seconds. By 2050, the global incidence of hip fracture is projected to increase by over 300% in men and over 200% in women.
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May 22, 2020
Dielectric Gases Market Value to Expand 1.8X through 2030, Demand Dynamics to Present Grim Outlook with COVID-19 Impact, Opines Fact.MRPoised to surpass US$ 110 Mn by 2020, our expert analysis anticipates a grim outlook in near-term with the unabated trajectory of the COVID-19 pandemic. In the long-term forecast however the market will grow at a steady clip of 8%. Dielectric gases are prominent gases used in power utilities to protect equipment from sudden quenching of high voltages. Though high voltage applications capture a significant share in the market, utilization of dielectric gases in extra and ultra-high voltage applications are proliferating.
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May 22, 2020
Plasma Fractionation Market to Expand 1.5x through 2026, Convalescent Plasma (CP) Treatment amid COVID-19 to Inject Hope, Concludes Fact.MRFact.MR forecasts bullish prospects for the plasma fractionation market. The utilization of immunoglobulins has augmented in the last few years. Plasma-derived immunoglobulins are giving a new narrative to healthcare across a wide range of autoimmune and inflammatory diseases. This widespread applicability is anticipated to leverage market prospects for plasma fractionation, pegged to witness a noteworthy 7% CAGR.
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May 22, 2020
Vending Machines Market to Record a Dexterous 6% Growth through 2030, Market to Rebound in the Aftermath of COVID-19, Infers Fact.MRIn the past two decades, customer shopping behavior has drastically altered. Retail outlets and grocers have largely remained immune to digital disruption until now. Seizing opportunities are vending machines. In all its glory, the vending machines market is riding the wave of profitable growth with seamless dispensing of beverages, confectionery and food. Projected to grow at a dexterous 6% during the forecast period (2020-2030), the vending machines market are globe-trotting on an innovative operating model. Further, high investments in cashless transactions are giving significant traction to the vending machines market.
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May 22, 2020
Uptake of Compact Tractors Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects Fact.MRInitially pegged at US$ 28.3 billion in 2020 and expected to add value worth US$ 10.8 billion during the forecast period, the compact tractors market is slated to show a bearish trend at a CAGR of 3.3% amid the COVID-19 pandemic. Fact.MR’s analytical research estimates that the market will witness acute dormancy due to the anticipated global economic slowdown and nationwide lockdowns to halt the spread of the virus. Landscaping companies are staring at a bleak future with shuttered facilities and stilted operations. This has generated significant shortfalls in demand and consumption of compact tractors market.
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May 21, 2020
Global Constipation Laxative Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects Fact.MRThe global constipation-laxative market was valued at US$ 5.9 Bn in 2019, and is expected to witness a CAGR of 5.7% during the forecast period (2020 – 2030). The adoption of Sedentary lifestyles have induced unhealthy eating habits and inadequate exercise. As a result of prolonged inactivity, water consumption has also diminished. Since water is an important element to regulate proper bowel movement, its absence has led to increased incidences of constipation and other irregular bowel movements.
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May 21, 2020
Milk Thistle Supplements Market Receives Tailwinds as Sales of Herbal Supplements Soar, Market to Witness Plummeting Sales in US During COVID-19 crisis, Projects Fact.MRThe global milk thistle supplements market is estimated to surpass the value of US$ 178 Mn by 2030 end, gaining significant traction in the diverse herbal supplements industry. The recently published report by Fact.MR estimates that the global milk thistle supplements market is projected to witness a positive growth rate of ~7.4% over the long term forecast period (2020-2030). One of the active ingredients of milk thistle supplements is silymarin which is known to have antioxidant properties,
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May 21, 2020
Stringent Regulations by Government Bodies to Stimulate Medical Waste Management Market Growth, COVID-19 to Fuel Demand for Medical Waste Management, Projects Fact.MRThe medical waste management market is poised to expand steadily, growing at a CAGR of 5.1% across the forecast period (2020-2025). As healthcare infrastructure has started to develop, the number of surgical procedures for treating various chronic and infectious diseases have also increased. This has necessitated the safe disposal of medical waste generated during the surgical process.
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May 20, 2020
Global Ocular Drug Delivery Technology Market to Expand 1.4x, Significant Shortfalls in Drug Delivery Technology Anticipated in COVID-19 Crisis, Projects Fact.MRIt is anticipated that glaucoma cases will surpass 100 million by 2040, while macular degeneration shall reach nearly 200 million by 2020-end. These increasing cases are poised to heighten prospects for ocular drug delivery market in the forecast period (2020-2025).
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May 20, 2020
Gas Separation Membrane Set to Become Key Purification Method in Oil and Gas Processing, Market to Witness Demand Shock amid COVID-19, Concludes Fact.MRThe global gas separation membrane market is poised to witness a CAGR of ~8% during the forecast period (2020-2030). Gas separation membranes have emerged as a key processing and purification method in natural gas processing plants and refineries, generating ample opportunities for gas separation membrane manufacturers. Besides, chemical and petrochemical industries, power generation industry and biogas treatment plants also use gas separation membranes.
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May 19, 2020
Global Oncology Biosimilars Market to Experience Marginal Downturn amid COVID-19, Set to Pick Pace in the Aftermath, Projects Fact.MRThe demand for oncology biosimilar drugs has augmented in recent years. This is attributed to the rising prevalence of various types of cancers across the world. In addition, existing anti-cancer drugs in the pipeline are quite expensive, thus rendering them unaffordable to people in lower and middle income countries. As a consequence, the market for biosimilars has burgeoned.
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May 18, 2020
Medical Holography Market to Surge, Finds Significant Potential in Diagnosis of COVID-19, Projects Fact.MRThe medical holography market is set to record impressive growth, expanding at a whopping CAGR of 34.0% during the forecast period (2020-2026). The high adoption of holographic devices for diagnosing chronic conditions such as cardiovascular diseases and cancer, rising financial impetus from government and private organizations and a surging geriatric population pool having chronic conditions are attributed as important growth levers.
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May 18, 2020
Global Ophthalmic Drugs Market to Expand Modestly, on Back of Increasing FDA Approvals for Novel Drugs, Concludes Fact.MRThe global ophthalmic drugs market is anticipated grow moderately, at a CAGR of 4.2% during the forecast period (2020-2025). Visual impairments have increased across the world, owing to a multitude of factors. Varying in degree, visual impairments are a global health concern, affecting individuals physically and psychologically.
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May 18, 2020
Reinforced Thermoplastic Pipes to Exhibit Steady Growth at 5%, with Escalating Demand for High Pressure Applications, Says Fact.MRThe reinforced thermoplastic pipes (RTP) market is steadily gaining traction and is set to become a 21st century pipeline solution. The market is poised to expand at a CAGR of ~5% during the forecast period (2020-2030). Reinforced thermoplastic pipes’ high immunity to corrosion and ability to withstand high pressure up to 450 bar is providing impetus to their demand across various end use applications.
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May 16, 2020
COVID-19 Pandemic to Decelerate Automotive Lighting Demand in Short Term, Market on Course at Steady 5% Growth through 2030, Opines Fact.MRThe global automotive lighting market is projected to grow at 5% and will be valued at US$ 65 Bn by the end of the forecast period (2020-2030). However, the COVID-19 crisis has impacted the growth trajectory as the demand for automotives has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the automotive lighting market growth has been profoundly affected.
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May 16, 2020
Global Microscopy Devices Market to Record Staggering Growth, Set to Expand 1.6x between 2020 and 2025, Projects Fact.MRThe usage of microscopy devices has registered an uptick in the past few years. Microscopes have allowed in-depth academic and exploratory research in various branches of science. Amongst the wide range of sciences, the life sciences division has found increased usage of microscopy devices, particularly in cell biology. Also, the need for more penetrative media to identify cells has boosted technological developments in microscopic devices. On the back of these trends, the global microscopy devices market is poised to expand 1.6x, registering a CAGR of 8.5% throughout the forecast period (2020-2025).
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May 15, 2020
Zinc Oxide Nanoparticles Market Growth Sustained by High Uptake in Cosmetic and Personal Care Products, Disrupted Production to Hamper Market Growth in Near Term, Concludes Fact.MRThe global Zinc Oxide Nanoparticles market is poised to witness a stellar CAGR of 7% during the forecast period. Exceptional UV protection capabilities and photo-stability is set to increase the demand for zinc oxide nanoparticles in sun care products. Increasing consumption of zinc oxide nanoparticles in cosmetic and personal care products is set to create lucrative opportunities for market players.
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May 15, 2020
Global High Performance Liquid Chromatography (HPLC) Market Slated for 5% Growth, Social Distancing Protocols amid COVID-19 to Moderately Impact Market, Concludes Fact.MRThis wide array of applications are anticipated to bolster prospects for the global HPLC market during the forecast period (2020-2026). Anticipated CAGR during this period is pegged at 5.4%. High Performance Liquid Chromatography (HPLC) is a highly sophisticated and an expensive technique, used to separate and identify various compounds in liquids and tissues.
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May 15, 2020
Minimal Impact from COVID-19 Anticipated for Pea Fiber Market, Pegged at 8% Growth through 2030, Projects Fact.MRThe pea fibers market has witnessed prolific growth in recent years and is poised to grow at a CAGR of nearly 8% by the end of the forecast period. Continuous efforts by market players to strengthen their supply chains is anticipated to provide leverage to the market. Thus, the market is slated to grow by nearly 2X during the forecast period (2020-2030).
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May 15, 2020
Anti-seize compounds to Grow Modestly on the back of the Automotive & Transportation Sector, Projects Fact.MRThe anti-seize compounds market is poised to surpass US$ 165 Mn by 2030, and is anticipated to grow at a CAGR of 4% during the forecast period. Increased application scope of copper and zinc/aluminium anti-seize compounds in automotive and transportation has driven the anti-seize compounds market over the historical period.
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May 14, 2020
Global Immunoglobulins Market on an Impressive Growth Trajectory, Set to Surpass US$ 20 Bn by 2026, Concludes Fact.MRThe global immunoglobulins market is set to grow impressively at a CAGR of 7.0% during the forecast period (2020-2026). The market is poised to reach a valuation of US$ 20.7 Bn by 2026-end. Upsurge in immunological diseases has prompted individuals to seek advanced medical treatment, thus augmenting the immunoglobulins market share.
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May 14, 2020
High Risk of Parasitic Infections from Pests and Insects to Bolster Growth of Animal Parasiticides Market, COVID-19 to Have Limited Impact, Opines Fact.MRBased on these trends, the global animal parasiticides market is set to burgeon in the future. Projections indicate a steady CAGR of 5.9% during the forecast period (2020-2026). The market is set to reach a valuation of US$8.9 Bn. Rising demand for protection of livestock and increased research and development for eradicating parasitic diseases are other growth drivers.
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May 13, 2020
Delays in Construction Projects amid COVID-19 Crisis to Halt Ceramic Tiles Market Growth in Near Term, Projects Fact.MRThe global ceramic tiles market is anticipated to reach a valuation of over US$ 230 billion, with growth pegged at a stellar 8.5%. There has been a substantial increase in residential building spending over the past few years, prompting the market for ceramic tiles around the globe to expand. Presently, manufacturers are concentrating more on producing ceramic tiles for residential purposes. To meet the growing requirement for housing, governments are providing low-investment homes that are tied in over the forecast period to support industry growth. In addition, the increase in consumer preference for the use of ceramic tiles in households is also a key factor which is anticipated to drive demand.
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May 13, 2020
Polyamines Market to Cap US$ 200 Mn by 2020 End, Shale Inhibitors to Exhibit High Growth, Says Fact.MRPolyamines market is poised to surpass US$ 200 Mn by 2020 and is set to grow at a steady 4% during the forecast period (2020-2030). Polyamines is a key water treatment chemical and coagulant used for treatment of discharged waste water. Though coagulants constitute a major share of the market, shale inhibitors are growing at a faster rate owing to their high demand in oil & gas well explorations.
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May 12, 2020
Global Orthopedic Devices Market to Expand Modestly: Technological Enhancements in Surgical Procedures to act as Key Growth Levers, Projects Fact.MRThe global orthopedic devices market is set to expand modestly, registering a moderate CAGR of 4.0% throughout the forecast period (2020-2026). A rapidly expanding geriatric population pool as well as increasing incidence rates of accidents and sports injuries are major factors contributing to the growth of the global orthopedic devices market. Moreover, technological advancements such as minimally invasive surgeries, artificial intelligence, 3D-bioprinting and tissue engineering, custom-made implants and development of variable axis screw systems are anticipated to provide a significant boost to the market.
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May 12, 2020
Cognitive Assessment & Training Market to Expand 4.7x through 2030, Market to Witness Temporary Headwinds amid COVID-19 Crisis Concludes Fact.MRThe global cognitive assessment & training market size was pegged at over US$ 1.5Bn in 2019 and is expected to witness a dexterous growth rate of over 16.5% during the forecast period (2020-2030). The adoption of electronic devices for collecting clinical electronic data coupled with increasing digitization in healthcare sector has given a huge momentum to growth of global cognitive assessment & training market over the historical years. The use of mobile devices in the healthcare sector and continuous developments & investments in clinical trial activities are also anticipated to leverage the cognitive assessment training market.
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May 12, 2020
Marine Outboard Engine Market to Witness Stunted Growth in Near Term amid COVID-19: Concludes Fact.MRThe global marine outboard engine market was valued at US$ 3.3 Bn in 2020 and is expected to add value worth US$ 616.4 million during the forecast period (2020-2030). The COVID-19 pandemic has caused latency in the global marine outboard engine market as sales of new vessels have lowered dramatically since over the last couple of months. The market is poised to witness stunted growth on the back of the fiscal uncertainty created by the pandemic. Significantly reduced demand for seafood due to restaurant closures & lowered marine recreational activities amid ongoing lockdown in many regions has caused a slump in the commercial marine industry.
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May 12, 2020
Fused Silica Market to Experience Significant Downturn amid COVID-19, Market to Witness Sustained Growth Post-2020, Projects Fact.MRThe global fused silica market is forecast to flourish at a steady CAGR of 5.5% over the forecast period (2020-2030), reveals Fact.MR in a recently published report. As per the report, the market is forecast to cross US$ 992 Mn by 2030 end. Fused silica powder has been identified as an important raw-material across several end-use industries. These include refractories, electronics industries and photonics to name a few. This is primarily due to its high silicon dioxide content and dielectric properties. The purity of fused silica remains a key growth determinant in the global fused silica market. For this purpose, manufacturers have been producing different forms of fused silica such as grains and flour which vary based on mesh sizing.
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May 12, 2020
COVID-19 to Impact Demand Growth of Industrial Valves amid Stringent Lockdowns and Record Low Oil Prices, Says Fact.MRThe industrial valves market is foreseen to expand by ~1.4x, and is poised to reach a valuation of ~US$ 79 Bn by 2030-end, concludes a recently published report by Fact.MR. High consumption of oil & gas has been witnessed in the developed and developing regions. Thus, major exploration & production (E&P) companies are focusing on expanding their production facilities by building new processing plants and pipelines where industrial valves find high uptake. In regions such as North America, Europe, and Asia, major intra-country and inter-country pipeline projects are under development to meet the growing demand for oil & gas.
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May 12, 2020
Global Hospital Asset Management Market to Surpass US$ 15 Bn by 2026, Concludes Fact.MRAsset management is important in ensuring safety and security of hospital employees thus reducing operational costs and capital asset expenditure. On the back of these trends, the global hospital asset management market is poised to grow healthily, at a CAGR of 13.2% during the forecast period (2020-2026). The market is set to reach a valuation of US$ 15 Bn. Enhancing patient satisfaction and increasing the return on investments are also important growth drivers for the market.
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May 08, 2020
Portable Humidifiers Market Poised to Rebound with 4% Growth in the Aftermath of COVID-19, Infers Fact.MRThe Portable humidifiers market is anticipated to grow at a modest CAGR of 4% during the forecast period. The COVID-19 pandemic has been detrimental to myriad industries. Its effects on the portable humidifiers market have been palpable during the lockdown phase. The shutdown of multiple distribution channels has led to falling sales of portable humidifiers. Effects of the lockdowns on consumer confidence and spending is expected to dampen sales during lockdowns. The recovery period is expected to present highly lucrative opportunities for portable humidifiers. Their efficacy in treating dryness of nose and throat, is expected to substantially increase sales of portable humidifiers during the present pandemic.
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May 08, 2020
Global High-flow Nasal Cannula Market to Exhibit Robust 12% Growth through 2025, COVID-19 to Boost Market Prospects, Concludes Fact.MRBased on the abovementioned trends, the global high-flow nasal cannula market is foreseen to expand credibly in the future. The global high-flow nasal cannula market is anticipated to register a staggering CAGR of 11.8% during the forecast period (2020-2025). The market is anticipated to double, surpassing a value of US$ 9.0 Bn by the end of 2025. Technological advancements by key players and ongoing clinical trials for new technology are also set to leverage the market.
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May 08, 2020
Pastry Fillings Market to Exhibit Steady Growth of 5%, Demand for Pastry Fillings Upheld with ‘On-the-go’ snacking amidst COVID-19, Says Fact.MRThe global pastry fillings market is expected to grow at CAGR of 5% during forecast period. While the COVID-19 pandemic has been detrimental to myriad industries, its effects on the pastry fillings market will be marginal. Proliferating trends and increasing consumer demand for “ready-to-eat” and “on-the-go” snacks during the COVID-19 pandemic has kept the market for pastry fillings afloat. The market is expected to show a significant rebound during the recovery period with an uptick in consumer spending and resumption of production facilities. Regulatory and governmental initiatives for resuming production at major food and beverages facilities is also expected to facilitate the growth. The Asia-Pacific region is expected to contribute majorly to the growth of the pastry fillings market in the aftermath of the COVID-19 pandemic.
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May 08, 2020
Drone Motors to Witness 20% Drop in Sales amid Covid-19, Market forecast to Register Stupendous Growth through 2030, Projects Fact.MRThe global drone motor market was valued at US$ ~738 Mn in the year 2019 and is anticipated to surpass US$ ~7.3 Bn during the forecast period (2020-2030). Multi-rotor drones are projected to be the most lucrative, capturing more than three fourth of the overall demand pie in the global drone motors market. Various retail and logistics companies across the globe are formulating different ways of testing drone delivery services and drone delivery systems to solve the problem of "last mile" deliveries.
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May 08, 2020
Outdoor Warning Sirens Sales Estimated to Decline by ~40% Due to COVID-19 Impact in 2020, Market Poised for Sluggish Growth through 2030, Opines Fact.MRAccording to Fact.MR, sales of outdoor warning sirens are estimated to decline by ~40% in 2020, amidst the COVID-19 crisis. However, in the near-term, the market will regain its position to grow at a value CAGR of 3% over the forecast period (2020-2030). Over the years, outdoor warning sirens have been used for civil and defense purposes: to warn people of natural & man-made emergencies.
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May 08, 2020
COVID-19 Outbreak to Restrict Piezoelectric Motors Demand in Automotive & Phonics, Market Set on a Modest Growth Trajectory in Long Term, Concludes Fact.MRThe global piezoelectric motor market is projected to grow at a moderate rate of over 4% between 2020 and 2030, says Fact.MR. Piezoelectric motor is utilized in a wide array of applications such as photonics, manufacturing process control, medical devices and meteorology. Currently, most of the manufacturing industries like automotive, optics & phonics, are shuttered due to the COVID-19 outbreak, resulting in a downturn in piezoelectric motor sales. However, rapidly evolving production processes like 3D printing and advanced robotics are driving the need for motion control systems and miniature devices, which in turn will boost the growth of the piezoelectric motors market in the coming years.
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May 08, 2020
Conveyor System Market to Witness Sluggish Growth with Diminishing Demand From End-Users Amid COVID-19, Concludes Fact.MRThe global conveyor system market was valued at ~US$ 12.1 Bn in 2019 and is anticipated to surpass US$ 12.9 Bn during the forecast period 2020-2030. The market is slated on a course of sluggish growth at 2.9%. The manufacturing sector has witnessed a paradigm shift with the implementation of Industry 4.0 technologies across various industrial sectors. With the growing trend of automation, manufacturing units have implemented Industry 4.0 standards to reduce machine downtime, reduce labor inefficiencies, enhance production, reduce ROI (return on investment), and more importantly achieve high quality manufacturing.
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May 07, 2020
Global Air Springs Market to Expand 1.6x by 2030, Suspension of Non-Essential Exports/Imports amid COVID-19 to Limit Short Term Growth, finds Fact.MRThe global air springs market will generate incremental revenue opportunities at an impressive 5% CAGR during the forecast period. An evolving world economy and developments in road infrastructure have ramped up production and sales of commercial vehicles across the globe, which is one of the leading growth engines for air springs components. Suspension of non-essential import/export to contain the spread of COVID-19 has limited the growth potential of the market during the first quarter of 2020. Market players are targeting demand from low impact countries such as Singapore, Indonesia and Australia.
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May 06, 2020
Global Hydroxychloroquine Market Slated for YoY growth of over 100% through 2020, Projects Fact.MRIn the wake of the worsening coronavirus pandemic, hydroxychloroquine has been touted as a key drug in the treatment and eradication of COVID-19. As a result, the demand for hydroxychloroquine has skyrocketed in the past few weeks. The United States alone has generated significant demand for 20 million hydroxychloroquine pills, amounting to 4 tons. Moreover, the global demand for hydroxychloroquine is anticipated to surge amid the rapidly increasing COVID-19 infections. In 2020, from January to April, India has exported hydroxychloroquine API (active pharmaceutical ingredient) worth US$ 1.2 Bn. Attributed to above-mentioned facts global hydroxychloroquine market is estimated to experience a year on year growth of over 100% by the end of 2020.
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May 06, 2020
Global Helicobacter Pylori (H. Pylori) Non-Invasive Testing Market to Expand Modestly with Upsurge in Molecular Technique-based Testing, Concludes Fact.MRThe Stool Antigen Test segment shall comprise the 2nd largest share of the global H. Pylori Non-invasive testing market, accounting for over 40%. Simplicity and accuracy of the test in determining infection is anticipated to drive the segment’s growth. By test method, the Laboratory-based Tests segment shall generate high demand. The ability to test a large number of patients and their accurate and precise methodologies are anticipated to be the key drivers. The segment is foreseen to hold more than three-fifth of the market.
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May 06, 2020
COVID-19 to Impact Demand Growth of Sun Protection Products amid Stringent Lockdowns, Says Fact.MRProliferation of sun care protection creams with anti-aging benefits has witnessed a significant demand from millennials which has augmented the growth of sun protection product market. The forecasted growth for sun protection products is pegged at a stellar CAGR of nearly 7% from 2020-2030. However, impact of COVID-19 has shrunk the growth of the sun care products market in several regions. North America and some countries of Europe have witnessed a sluggish demand for sun protection products. The impact of COVID-19 is expected to remain for the first two quarters and is expected to recover by the end of the third quarter. In countries like Indonesia, China, Japan, and in other Asian countries, demand has remained intact
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May 06, 2020
Global Glaucoma Therapeutics Market to Witness a Gradual Growth Trend with Nuanced Developments in Combination Drugs, Concludes Fact.MROn the back of these factors, the global glaucoma therapeutics market shall witness a gradual growth, at a CAGR of 2.9% during the forecast period (2020-2026). Other generic drivers, such as a greater geriatric population pool, a rise in the diabetic population and higher healthcare spending and infrastructure shall boost market growth.
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