Media Releases

Amid rising demand for better accuracy in administering required medications to patients, the injection pen market is finding itself impressive growth opportunities. A new study by Fact MR projects the injection pen market to reach US$ 6 Bn by the end of 2030. ...

Calcium silicate boards are key insulation materials used across industries such as petrochemicals, steel, cement, refractories, aluminium, and others. Rising manufacturer consciousness to control production costs has enhanced the growth of the calcium silicate boards market in industrial applications. Apart from industrial applications, calcium silicate boards are extensively used in building and construction. However, in the past half-decade, demand for building and construction has declined nearly 4-fold, owing to the adoption of key substitutes such as gypsum boards, cement fibre boards, and others. Overall, increasing industrial application has normalized the demand effect, and is set to bolster market growth through 2030. ...

The global slip ring market is estimated to be valued at over US$ 1 billion by the end of the forecast period in 2030. The industry is expected to be negatively impacted by the coronavirus outbreak owing to declining activity in a number of end-use industries and limited production, which has reduced demand for slip rings. However, the market is likely to witness faster growth in the years ahead driven by initiatives towards the development of renewable energy generation infrastructure such as wind turbines, and the growing investments by the industrial sector towards automated processes. ...

Genetic disorders have been highly prevalent since the past several years. Amongst all the genetic anomalies known to humankind, urea cycle disorders (UCDs) and ornithine transcarbamylase (OTC) deficiency are highly prevalent around the world. OTC deficiency is inherited in an X-linked recessive manner - males are more commonly affected as compared to females. The prevalence of OTC deficiency is estimated to range from 1 in 14,000 to 77,000 people. Therefore, healthcare providers have been ramping up their R&D capacities to discover potential cures. Surge in the number of patients suffering from this deficiency is likely fuel the global ornithine transcarbamylase (OTC) deficiency treatment market. According to Fact.MR’s estimates, the global OTC deficiency treatment market will more ever closer to billion dollar mark by 2030, expanding at a steady CAGR throughout the 2020-2030 forecast period. ...

The cutlery market is anticipated to reach a valuation of over US$ 10 billion by 2030, with the growth rate pegged at over 6% from 2020 to 2030. The market has seen multiple changes in recent years, with increasing bans on single-use plastic cutlery. The trend of bans is highly evident in countries such as the United States, Canada and Germany, among others. These bans related to the cutlery market have led to changing preferences of OEM suppliers and commercial end users such as HoReCa. The market is expected to experience fluctuations in demand during the short term, but innovations by manufacturers are expected to reset the lifecycle of multiple products in the cutlery market space.           ...

Surgical equipment comprises electrosurgical and endomechanical devices that are used for minimally-invasive surgeries as well as open or invasive surgeries. Some of the common endomechanical surgical devices are staplers, litigation kits, trocars, and forceps. Electrosurgical devices, on the other hand, use high frequency electrical current to desiccate, cut, or coagulate tissues. In the coming years the market will witness greater demand as minimally-invasive procedures become more widespread. Also, with expansion of the healthcare sector, demand for advanced technologies and surgical equipment is forecast to surge. With governments across high potential markets working to make healthcare more affordable and accessible, prospects for growth of the surgical equipment market are expected to get stronger. Further, rising incidence of chronic ailments and increasing cases of accidents, worldwide, will make advanced surgical equipment highly important for administration of required care and treatment. ...

The global emergency warning lights market is expected to be valued around US$ 1.2 Bn in 2030. As the outbreak of coronavirus continues, there has been a downfall in production activity, impacting several related industries such as automotive, oil & gas, construction, and others, which has weakened demand for emergency warning lights. However, the market is expected to experience better growth during the recovery period, owing to the implementation of stringent regulations, thereby forcing businesses and public authorities to pay strict attention towards the installation of emergency warning lights. ...

Incessantly rising demand in response to the unbridled spread of COVID-19 has pushed the respiratory virus vaccines market to the fore. Fact MR’s recent study on the market is intended to offer insights into the future and discover hidden opportunities for market players. Increasing R&D investments and initiatives are aiding exponential growth in the market. ...

The global rare neurodegenerative disease treatment market is projected to witness steady growth at a CAGR of 5%, reaching a valuation of over US$ 116 billion by 2030. However, the coronavirus outbreak is expected to have a marginally negative impact on the industry in the short term. Supply chain issues and dedication of healthcare facilities towards handling the unprecedented challenges of the pandemic are hindering market growth at present. ...

With increase in global population, demand for construction and infrastructure development has risen manifold in the past several decades. This is largely in response to surging urbanization and the consequent demand for housing. As a result, mining operations for construction materials has accelerated. Moreover, fast-paced industrial development has augmented the need for essential minerals and metals such as iron ore, copper, gold, bauxite, hydrocarbons, etc., for a number of manufacturing processes, thus increasing exploration and mining for these elements. Based on these trends, the need for heavy crushers is proliferating, leading to constant maintenance and upgradation of the same, heightening the growth prospects of the crusher backing materials market. ...

Demand for construction equipment will increase over the coming years as government spending on infrastructure development projects in developed and developing countries is rising, which is expected to drive the growth of the global construction equipment attachment market. Furthermore, government initiatives to build bridges, dams, railways, and highways as part of the creation of smart cities in areas of energy, mobility and government will increase demand for building equipment, further boosting demand for construction equipment attachments. ...

The global brachytherapy devices market is estimated to witness a massive growth rate of 8% from 2020 to 2030. The COVID-19 pandemic has had a slightly negative impact on the market. The fact that patients have reduced visits to hospitals and healthcare centers due to the pandemic is impeding market growth to some extent. ...

The sodium sulphite market is forecast to witness a slow growth rate of around 2% CAGR through 2030. Further, the coronavirus pandemic has led to a decline in demand over the 2nd quarter of FY2020. Most of the historical demand for sodium sulphite is attributed to the pulp & paper industry, but this sector is correlated with the economic trajectory. However, growing economies such as East Asia & South Asia are projected to create increased demand during the forecast period of 2020-2030, owing to the product line-up of different applications. ...

Rise in awareness of blood gas and electrolyte analyzers and increasing geriatric population are some of the key drivers for the growth of the blood gas and electrolyte analyzer market. Other factors such as technological advancements in products, thereby increasing efficiency and accuracy, are also crucial aspects that will affect market growth in a positive way. One such advancement is portable blood gas and electrolyte analyzers, which have greatly enhanced convenience and ease of access of the product. Based on a Fact.MR study, the leading product type in the market is blood gas analyzers owing to their popularity and wide array of applications in the healthcare sector. The market has witnessed increased demand of these analyzers across hospitals, clinics, etc., thereby boosting overall growth. As such, the blood gas and electrolyte analyzer market is projected to expand at an impressive CAGR of around 9% though 2030. ...

Microdermabrasion is a skin care technique getting extensively popularized, owing to its non-invasive method, thereby providing rapid growth of 4.3% to the microdermabrasion devices market in terms of revenue. However, the COVID-19 pandemic has proven to have a slight negative impact on this market. The pandemic has lowered the growth of the market due to lesser supply and demand for microdermabrasion devices across the world. This factor has introduced more competition in the market, which has paved the way for further technological advancements in microdermabrasion devices. This will be a key driver for market growth across the globe over the coming years. Investments in research & development by key players such as Johnson & Johnson, Koninklijke Philips N.V., etc., are also expected to surge the growth of the global microdermabrasion devices market over the coming years. ...

The outbreak of COVID-19 has interrupted the growth construction, mining, and other industrial activities. Demand for construction equipment is contingent on the growth of these end-use industries, and with declining investments in these sectors, the construction equipment market is poised to experience a downward trend across the globe, in the near term. ...

With constant increase in the usage and wide application of imaging devices such as X-rays, CT scanners, etc., the need for advanced and upgraded medical imaging phantoms that provide better and consistent results has become a priority in the healthcare industry. This has proven to be a key driver for the growth of the medical imaging phantoms market. Moreover, factors such as increased R&D and investments by key players are also important growth factors for this market. Fact.MR’s study shows that, medical tourism and increased awareness of radiology studies have proven to boost the market, especially in the Asia Pacific region. Other aspects of market growth are stable government support to increase healthcare activities and better reimbursement policies related to the medical sector, especially in the North American region. Overall, the value of the medical imaging phantoms market is predicted to reach a valuation of over US$ 200 million by 2030. ...

The rise of cloud style kitchens and increasing preference of consumers for restaurant food re expected to pave the way for the steady growth of the takeout containers market. With high adoption of food service applications and multiple regional services for food delivery, the takeout containers market is expected to show significant growth during the forecast period. ...

The COVID-19 pandemic, which has been responsible for devastating effects on businesses around the world, has, in fact, proved to be beneficial for the ultra-low temperature freezer market. Key reason being, rising demand for storage units across hospitals, blood banks, etc., due to increasing cases of diseases across the globe. This factor has significantly affected the ultra-low temperature freezer market in a positive manner, which makes it one of the very few markets to have benefitted from this pandemic. Also, with steady rise in research & development activities pertaining to sectors such as biotechnology, pharmaceuticals, etc., there has been noticeable increase in demand for ultra-low temperature freezers across the globe. ...

Adoption of pickleball as a sport has been significantly high in recent years. Adoption rate in North America is higher than other regions, where spending on playing pickleball is subsequently high. With increase in disposable income of a majority of the population across regions, the inclination toward the sport of pickleball is expected to grow. Moreover, aspiring and affluent households have increased their spending on equipment for several indoor and outdoor sports, thereby potentially raising the demand for pickleball equipment. As the focus on sports and recreational activities becomes strong, worldwide, market players are eyeing potential opportunities in unexplored markets. Highly populous Asian countries, in particular, offer a huge customer base for leading manufacturers of pickleball equipment. Exploiting untapped markets and inclusion of pickleball at the Olympics could result in opening up numerous opportunities for the pickleball equipment market during the forecast period (2020-2030), which is projected to expand at a CAGR of 10% through 2030. ...

Heightening demand is being witnessed for serial console servers with the introduction of next generation networking (NGN) and IPv6 numbering allocation system. Furthermore, broadband penetration with FTTH initiatives by regional and global governmental bodies is also giving an uptick to. Advancing demand for cloud computing services and increasing number of cloud service providers will boost demand for serial console servers during the forecast period (2020-2030). ...

The tennis racquet market is anticipated to reach a valuation of over US$ 700 million by 2030, with the growth rate pegged at 3.5% during 2020 to 2030. Increasing adoption of sports and new players in the tennis industry are expected to highly benefit the expansion of the global tennis racquet market. ...

Growing prevalence of thyroid and breast cancer and increasing mortality rate are expected to propel the growth of the gamma probe devices market over the years ahead. According to the American Cancer Society, the most rapidly increasing cancer in the U.S. is thyroid cancer, and the most common cancer among American women is breast cancer after skin cancer. Increasing preference for minimally-invasive image-guided procedures and recent advancements in gamma probe devices with low-cost facility are also projected to favour market growth. Besides, continuous focus by manufacturers to produce technologically-advanced gamma probe devices is also expected to favour market expansion over the coming years. ...

This particular market is one of the few to benefit from the COVID-19 pandemic. Hospitals have shown significant increase in the demand for indirect calorimeters, especially standalone calorimeters meant for critical care units. On the other hand, portable calorimeters have also seen a rise in demand from research institutes due to inclined interest in research & development by key players in this market space. Backed by advancements in technologies of indirect calorimeters, the market is expected to witness tremendous growth due to the cost effectiveness and convenience factor of these products, especially portable indirect calorimeters. Indirect calorimeters have several applications in monitoring a patient’s metabolic activities, which further helps doctors provide effective treatment. Thus, wider application of indirect calorimeters coupled with increasing number of hospital admissions will favor the growth of the global indirect calorimeter market over the forecast timeframe, which is projected to expand at a CAGR of 4% through 2030. ...

The dioxin analyzer market is poised to grow at a value CAGR of over 3% and is expected to create an absolute dollar opportunity of US$ 102 Mn over the forecast period of 2020-2030. Dioxins and related chemicals are gaining particular attention owing to their toxic nature, and therefore, the sensitive and effective detection of dioxins has become imperative. Further, governments across the world have programs in place to monitor and protect food supply from the contamination of dioxins. ...

The insulin delivery devices market is one of the few markets to have gained a positive revenue outcome during the COVID-19 pandemic. Due to an increase in the number of diabetic patients and rising obesity rates, the market has seen a steady growth in all segments. Due to the COVID-19 pandemic, people across the world have started taking more protective measures for their safety, and insulin delivery devices come under this category, considering the fact that, insulin pens & pumps have seen a growth in sales. ...

Attributed to n-propyl bromide’s low ozone depleting potential (ODP), it is approved by the EPA under the Significant New Alternatives Program (SNAP). Efficacy to dissolve hard wax, oils, greases and other contaminants from metal surfaces, coupled with its low ODP has resulted in n-propyl bromide emerging as an ideal replacement for trichloroethylene and perchloroethylene. Growing demand for n-propyl bromide from industrial cleaning applications such as vapor degreasers and ultrasonic systems are set to fuel market growth over the forecast period (2020-2030). Apart from metal cleaning and vapor degreasing, n-propyl bromide is highly utilized in cleaning optical components, medical equipment, and in electronic cleaning applications. ...

Increasing digitization and growing trend of adopting & using more digital means for communication are the main factors boosting the growth of the appointment scheduling software market. Increasing use of apps by users to perform day-to-day activities is also aiding market growth. Increasing technologies are making processes simplified and automated, such as appointment scheduling software. Also, the number of smartphones and Internet users is increasing across the globe, which is one of the most important factors that will help the appointment scheduling software market to grow substantially during the years 2020 to 2030. Furthermore, to secure ongoing relationships with the customers, companies have now started to use artificial intelligence through Intelligent Appointment Scheduling (IAS) and other solutions powered by AI, and many have also started implementing CRM software for their operations. ...

Perchloroethylene’s non-flammability and impressive cleaning with the need for minimum mechanical agitation has made it an ideal choice for dry cleaning applications. Other bundled advantages such as high solvency and its recoverable nature have driven its consumption during the historical period (2015-2019). Increasing preference for perchloroethylene over trichloroethylene is set to bolster its demand during the forecast period (2020-2030). Further, perchloroethylene is largely consumed as an intermediate in hydrofluorocarbon production. Growing demand for perchloroethylene from a range of niche applications such as isomerization and reforming are set to drive the global market at a CAGR of 2% during the forecast period.   ...

In order to phase out the consumption of CFC (chlorofluorocarbon) and HCFC (hydrochlorofluorocarbon), HFC (hydrofluorocarbon) has emerged as a third generation refrigerant. Trichloroethylene, being a key ingredient in HFC refrigerant production, is poised to expand in line with HFC market growth. Increasing consumption of trichloroethylene as an intermediate in the hydrofluorocarbon refrigerant industry is set to amplify market growth during the forecast period. Further, owing to trichloroethylene’s exceptional cleaning efficiency, it is poised to remain in demand for metal cleaning and vapor degreasing applications. The global trichloroethylene market is expected to expand at a CAGR of around 2% over the next ten years, and be valued at US$ 293 Mn by the end of 2030. ...

The global carry bags market is anticipated to reach a valuation of over US$ 30 billion in 2030, with the growth rate pegged at over 4%. The foodservice industry, being the major revenue attributer for carry bags, remained closed during the first two quarters of 2020, due to the widespread of the COVID-19 outbreak. But it is expected that, the global carry bags market will return to its normal growth trajectory after the pandemic situation subsides. ...

Rising demand for high purity quartz sand can largely be credited to the semiconductor industry, which has rapidly grown over the past half-decade, and is set to grow at the same pace over the forecast period. Demand for high purity quartz sand has risen by nearly threefold from this sector over the past five years. There are no substitutes for high purity quartz sand in the semiconductor market, which is set to ensure market growth in the long run. Apart from semiconductor application, solar energetics will also play a major role in the growth of the high purity quartz sand market in the coming years. Demand for high purity quartz sand has declined nearly 4% over H1 in FY2020, with the market set to return to its original form (4% CAGR) by the end of the 3rd quarter of FY2023. ...

The global canned cocktails market is progressing at breakneck speed and anticipated to surpass a valuation of US$ 146 billion in 2030. The introduction of novel features such as interlocking cans and threaded cans is boding well for market growth. However, the spread of COVID-19 is compelling consumers to stay indoors, which eventually diminishes the demand for canned cocktails. Shutdown of hotels, restaurants, and eateries combined with decrease in production capacity are also adversely affecting the canned cocktails market. However, the market will bounce back with the resuming of food establishments around the world. ...

The global sodium chlorate market is forecast to witness a moderate growth rate of 3.7% over the forecast period of 2020-2030. Rise in demand for sodium chlorate can largely be attributed to growth of the chemical and paper & pulp industry. Sodium chlorate is extensively utilized as a bleaching agent in the paper & pulp industry. Moreover, its utilization in the chemical industry as a low-cost oxidizing agent is common. Price fluctuations in recent times have been observed in the 2nd quarter of FY2020, owing to reduced activities across industries due to the COVID-19 pandemic. All in all, the market is set to show positive signs of growth by the end of the second quarter of FY2020. ...

Fertilizer additives are utilized in pre-packaging to ensure the quality of the final product. Fertilizer additives are added to fertilizers to ease the packaging, flowability, and transportation of fertilizers. The global fertilizer additives market is forecast to witness moderate growth of 4.4% over the forecast period of 2020-2030. Growth in demand for fertilizer additives is largely credited to the growing fertilizer industry, which has expanded 2X over the past half-decade. Prices of fertilizer additives have also grown by 2% at a nominal rate over the past half-decade. However, the recent downfall in the market can largely be attributed to the COVID-19 pandemic and associated dip in aggregate demand of the product. Reopening of the fertilizer industry has kick-started the production of fertilizer additives. According to Fact.MR estimates, the market is set to reach its original growth rate by the end of the 2nd quarter of FY2021. ...

The brewing industry across the globe is growing as demand for alcoholic beverages such as wine, beer, and craft beer is continuously increasing. This is creating many opportunities for players in the beverage carrier rings market space. Also, the use of cans is highly preferred over bottles by both, beverage companies and consumers, as these cans can be recycled and reused.  Therefore, the demand for canned beverages is rising rapidly, which is one of the most important factors that will help the beverage carrier rings market grow substantially during the years 2020 to 2030. ...

The global automotive lightweight material market is forecast to witness a moderate growth rate of around 5% over the forecast period of 2020-2030. Growing demand for automotive lightweight material over the past half-decade could be attributed to the production uptake of automotive since 2015. Regions such as China and North America are providing promising growth to the market, owing to the high utilization of AHSS & UHSS. Moreover, demand for aluminium in South Asia & Oceania is rising at a much faster pace, owing to its extensive integration in automotive manufacturing, especially for building the bodies of electric vehicles. ...

Rising demand for taxifolin is attributed to the pharmaceutical sector, especially in the field of oncology. Research & development in the field of oncology drugs has expanded at a faster pace over the past half-decade. Taxifolin, being a potent flavonoid, is immensely used to manufacture drugs for the treatment of inflammatory disease state in cancer. Demand from the pharmaceutical sector remained intact over the course of COVID -19-related lockdowns in Q1 and Q2 of FY2020. Overall decline in the market was observed due reduction of beverage and food production to some extent. However, reopening of trade channels across the globe is set to resurrect the market by Q3 of FY2020, with the market set to return to its original form by the end of FY2020. The global taxifolin market is forecast to witness healthy growth at a CAGR of more than 6% over the forecast period of 2020-2030. ...

The spread of COVID-19 is resulting in declining sales as the number of consumers are staying indoors, which ultimately reduces the sales of art supplies. In addition, declining demand from end users owing to the shutdown of schools, colleges, and offices, coupled with decrease in production capacity, is expected to affect the art supplies market. However, the market is expected to show better growth ahead, with the reopening of most institutions across the world. The pervasiveness of e-Commerce has led many art manufacturers to offer their products through this channel. e-Commerce has been steadily progressing over the years, especially in urban centers. Online sales of art supplies is providing the much-needed boost to sustain the momentum of the global art supplies market. ...

Increasing adoption of various hygiene products is expected to boost the demand for fabric glue to a large extent. Asia Pacific is a crucial hygiene products market, and accounted for more than 34% of the global market share in 2019. ...

The global aerospace filter market is estimated to be valued at US$ 6.6 Bn in 2020, and surpass US$ 13 Bn by the end of the forecast period (2020-2030). Presently, the spread of COVID-19 has affected the aviation industry, as suppliers in the market are seeing a steep fall in their profits with flights were grounded, resulting in declining sales of aerospace filters. Further, the International Air Transport Association (IATA) estimates that, the industry will require a cash infusion of nearly US$ 200 Bn to keep going. The capital-intensive nature of the industry has raised concerns about cash flow and liquidity, which, in turn, is hampering the growth of the aerospace filter market. ...

The global free-from foods market is expected to portray a healthy CAGR, expanding at nearly 6% over the forecast period of 2020 to 2030. The COVID-19 effects on the free-from foods market have been high during the lockdown phase. Stockpiling tendencies have led to a spike in sales during the 2nd quarter of 2020. High sales of free-from foods during the 2nd quarter are expected to create a new consumer base, as more individuals are turning towards healthy food products. Owing to these factors, the free-from foods market is expected to show prominent growth after the COVID-19 crisis has been brought under control. ...

The temperature control unit market is poised to expand at a value CAGR of close to 5%, and is expected to create an absolute dollar opportunity of US$ 1.1 Bn during the forecast duration of 2020-2030. The outbreak of COVID-19 has decelerated the demand for temperature control units for various industrial applications due to the unavailability of components because of major supply chain disruptions. Further, government-mandated shutdowns of several end-use industries such as printing, chemicals, and engineering & mechanical are resulting in declining sales of temperature control units. ...

In recent years, increasing popularity of solar light towers in North America and Europe has been significantly influencing the growth of the light tower market. Since 2017, oil prices have recovered to above US$ 70 per barrel from the previous low of US$ 40 per barrel, and have shown signs of steady improvement. This, coupled with major production cuts from OPEC countries, has made the oil & gas industry an under-supplied market, creating even more demand for oil production. With increasing investments in the oil & gas industry, demand for light towers is set to rise over the coming years. ...

Technological advancements such as electrification of terminal tractors and integration of Internet of things (IoT), coupled with rising demand for automation at port terminals, warehouses, and distribution centers, are expected to fuel the adoption of terminal tractors. Further, rising international trade activities are encouraging users to opt for terminal tractors to boost work efficiency and reduce human error. This, in turn, will pave the way for significant opportunities for terminal tractor manufactures, globally. The global terminal tractor market is expected to create an absolute dollar opportunity of US$ 235 Mn by the end of the forecast period (2020-2030), and surpass a market value of US$ 875 Mn by 2030. ...

Over the past few years, average working hours per employee in the industrial and corporate sectors have been rising as a result of skilled dedication to achieving targeted goals. Sit-stand desks are gaining popularity in developed countries such as the U.S., Germany, France and the U.K., which is increasing the demand for anti-fatigue mats. ...

The automotive and aerospace industry has experienced increasing demand in developing countries such as China. Furthermore, mounting demand for customized products as per application requirement by numerous OEMs will drive the demand for high voltage electric heaters in the coming years. Advancements in the automotive industry and development of numerous concepts such as smart cars, connected cars, and electric cars will drive the demand for high voltage electric heater market. ...

The global forestry machinery market is expected to be valued at over US$ 4 Bn by the end of 2020, and is anticipated to surpass US$ 6 Bn by the end of the forecast period of 2020-2030. However, the COVID-19 pandemic has interrupted the growth of the industrial equipment machinery market due to nationwide lockdowns, leading to a steep fall in the sales of forestry machinery, globally. In addition, high initial investment of forestry machinery adds another layer of complexity, as several users are hesitant to invest in new forestry machinery at this time. This, in turn, is expected to see a decline in the demand for forestry machinery in the near future. ...

Growing automotive and electrical industry across the globe, especially in India and China, has cascaded the demand growth of the global soft magnetic composites (SMCs) market. Promising regions such as Europe, Japan, and North America too have provided a platform for the growth of the global soft magnetic composites market, owing to rapid growth of the mentioned sectors. Cost-effective and compact electromagnetic components made out of novel SMCs are set to drive demand over the next decade. Moreover, the soft magnetic composites market is in its growing stage in a PLC curve, owing to frequent innovations by key stakeholders and rapidly changing market dynamics. ...

The global undercarriage components market is expected to surpass a value of US$ 6.5 Bn at the end of 2020, and is projected to expand at a value CAGR of close to 4% over the forecast period 2020-2030. The spread of COVID-19 is resulting in declining sales as the global construction industry is facing a downturn, which ultimately affects the sales of undercarriage components. The impact on the market is continuing to fluctuate as the sales of new equipment have come to a standstill. ...