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Showing posts from May, 2024

Global 1,3 Propanediol Market Primed for Growth due to Rising Adoption of Bio-Based Polymers

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  Global 1,3 Propanediol Market 1,3 Propanediol is a clear, colorless, viscous, and hygroscopic organic compound that is miscible with water, lower alcohols, and other polar organic solvents. It finds wide applications as a monomer for polytrimethylene terephthalate (PTT), which is used to produce fabrics, carpets, engineered yarns, and industrial textiles. Other applications of 1,3-propanediol include automotive coolants and antifreeze, de-icers, cosmetics and personal care products. The Global 1,3 Propanediol Market is estimated to be valued at US$ 424.5 Mn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2031 . Key Takeaways Key players operating in the Global 1,3 Propanediol Market are Tokyo Chemical Industry Co., Ltd., Shenghong Group Holdings, Primient, Haihang Industry, DuPont, Metabolic Explorer, Zhangjiagang Glory Biomaterial Co., Ltd., Zouping Mingxing Chemical Co., Ltd., Shell Chemicals LP, and Merck KGaA. Key players are focusing on

Credit Risk Assessment Market is Estimated to Witness High Growth Owing to Growing Need for Risk Identification

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Credit Risk Assessment Market  The credit risk assessment market involves products and solutions that help identify potential risks in lending activities. Credit risk assessment solutions analyze a customer's financial details such as income levels, credit history, existing debt obligations and other pertinent information to determine the probability of repayment or default. By gaining accurate insights into a customer's creditworthiness, these solutions aid lending organizations in making well-informed credit approval decisions. They offer advantages such as improved portfolio management, optimized processes to evaluate risks and better compliance with regulations. The global credit risk assessment market is estimated to be valued at US$ 8.43 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period from 2024 to 2030 . Key Takeaways Key Players: Key players operating in the credit risk assessment market are Koninklijke Philips N.V., Sonic Concepts, Inc

Automotive Active Purge Pump Market To Grow At Highest Pace Owing To Surge In Demand For Vehicle Electrification

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  Automotive Active Purge Pump Market The Automotive Active Purge Pump Market plays a crucial role in purging evaporative emissions from vehicle's fuel tank through an active pumping process. Active purge pumps promote fuel efficiency and reduce harmful emissions from vehicles. The global automotive active purge pump market is estimated to be valued at US$ 283.94 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031 . Active purge pumps are used in vehicles equipped with evaporative emission control systems to draw fuel tank vapors into the engine intake tract where they can be burned. Active purge pumps provide more active control over vapor purging than canisters alone. Considering stringent emission regulations as well as surge in demand for electrified vehicles, active purge pumps have become an integral part of vehicle design. The Global Automotive Active Purge Pump Market is driven by factors such as growing electrification of vehicles

Radiation Protection Market Will Grow At Highest Pace Owing To Rising Concerns Regarding Radiation Hazards

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Radiation Protection Market The radiation protection market comprises of equipment and solutions that help shield individuals from harmful ionizing radiation. The equipment ranges from protective wear like aprons, gloves, coveralls, thyroid shields to emergency response solutions like contamination control tents and shielded containers for storage of radioactive materials. There has been a significant rise in demand for radiation protection products from sectors like healthcare, nuclear energy, defense and industrial applications due to growing awareness pertaining to radiation hazards and stringent safety regulations. The Global Radiation Protection Market is estimated to be valued at US$ 1,792.7 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031. Key Takeaway s Key players: Key players operating in the Radiation Protection market include Marswell Group of Companies, Mirion Technologies, Inc., Esco Micro Pte. Ltd., MAVIG GmbH., Radiaction L

The Heat Pump Market to Grow at Highest Pace owing to Increasing Demand for Energy-Efficient Heating Solutions

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 Heat Pump Market The heat pump market provides a cost-effective and eco-friendly solution for space heating and cooling applications. Heat pumps utilize renewable energy sources from the air, ground, or water to transfer heat between indoor and outdoor spaces. They use less energy than conventional heating and cooling systems and can significantly reduce power bills. The rising awareness regarding the environmental hazards of traditional air conditioners and furnaces is driving the adoption of heat pumps globally. Heat pumps are versatile and deliver both heating and cooling through a single integrated unit. The Global Heat Pump Market is estimated to be valued at US$ 12296.96 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the heat pump market are Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, Johnson & Johnson, Dr. Reddy€TMs Laboratories Ltd., Pfizer, Inc., Cipla Inc., Lupin Limi

Wearable Digital Walkie Talkie Market Set for Considerable Expansion Owing to Growing Popularity in Disaster and Emergency Response

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  Wearable Digital Walkie Talkie Market The wearable digital walkie talkie market enables efficient audio communication between individuals during emergency situations and disaster response efforts. These next generation communication devices are light weight, dustproof and water resistant to withstand harsh environments and climate conditions. Key features include long battery life, clear audio transmission over long distances and one touch push-to-talk function for instant two way communication. The global wearable digital walkie talkie market is estimated to be valued at US$ 2.24 bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period of 2024 to 2031. Key Takeaways Key players operating in the wearable digital walkie talkie market are Sanofi SA, Meda Pharmaceuticals, Circassia Pharmaceuticals Plc., AstraZenca Plc., GlaxoSmithKline Plc., Mallinckrodt Pharmaceuticals Plc., Cheisi farmaceutici S.p.A., Zambon Company S.p.A., Alaxia SAS, and Merck Sharp &

U.S. P2Y12 Inhibitors Market Poised to Grow at a High CAGR Owing to Rising Cardiovascular Diseases Prevalence

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  U.S. P2Y12 Inhibitors Marke The U.S. P2Y12 inhibitors market comprises drugs that inhibit the binding of adenosine diphosphate (ADP) to its platelet P2Y12 receptor, preventing activation and aggregation of platelets. P2Y12 inhibitors are commonly used as antiplatelet agents after coronary stent placement or acute coronary syndromes to prevent thrombotic complications. These drugs play a vital role in managing cardiovascular diseases including myocardial infarction, unstable angina, and ischemic stroke. The increasing prevalence of cardiovascular diseases and growing number of cardiac procedures in the country are driving the demand for P2Y12 inhibitors in the United States. The Global U.S. P2Y12 inhibitors Market is estimated to be valued at US$ 267.73 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the U.S. P2Y12 inhibitors are Abcam plc, Bio-Rad Laboratories, Inc., Cell Signaling Technology, Inc

Ostomy Care Accessories Market is Estimated to Witness High Growth Owing to Increasing Incidences of Colorectal Cancer

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Ostomy Care Accessories Market  Ostomy care accessories are medical devices used with ostomy products such as ostomy pouches to ensure best fit and comfort for people undergoing ostomy surgery. The accessories aid in managing stomas and facilitate drainage of waste from the digestive or urinary system to an external collection bag. They help prevent leakage and increase security of the bag adherence. The growing prevalence of diseases necessitating ostomy such as inflammatory bowel disease, colorectal cancer, and urinary diversions has boosted the demand for ostomy care accessories. The Global Ostomy Care Accessories Market is estimated to be valued at US$ 4.26 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the Ostomy Care Accessories are PPG Industries (US), Sherwin-Williams Company (US), Kukdo Chemical Co., Ltd. (South Korea), Nukote Coatings Systems (US), and VIP GmbH (Germany). The key opportun

Lentiviral Vectors Market is Poised to Grow Owing to Rising Demand for Gene Therapy

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  Lentiviral Vectors Marke The lentiviral vectors market offers advantages such as stable transduction and long-term gene expression making it suitable for gene therapy. Growing research in areas such as regenerative medicine and cell therapies is driving demand for lentiviral vectors for their ability to deliver genes to dividing as well as non-dividing cell types. Also, rising genetic and degenerative disorders propel development of advanced treatment methods including gene therapy using lentiviral vectors. The Global lentiviral vectors market is estimated to be valued at US$ 336.39 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 To 2031 . Key Takeaways Key players operating in the lentiviral vectors market are Tata Communications Ltd., Amazon CloudFront €“ Amazon.com Inc., Cachefly, CDNetworks Co., Ltd., CDNify Ltd., CDNsun, CDNvideo, CloudFlare, Inc., EdgeCast Networks, Fastly, Proinity LLC, Limelight Networks Inc., Skypark CDN, and Level 3 Co

Corn Gluten Feed Market Propelling Towards Digitalization

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  Corn Gluten Feed Market Corn gluten feed is a byproduct of the corn wet milling industry and finds wide application as a protein and energy feed for livestock. It contains high levels of protein and energy and is often used as an economical substitute for corn and soybean meal in animal feeds. Corn gluten feed provides advantages such as its lower costs compared to corn and soybean meal, and it helps improve the nutritional balance of animal diets. The growing demand for affordable animal feed from the expanding meat production industry is driving the need for corn gluten feed. The Global Corn Gluten Feed Market is estimated to be valued at US$ 8.45 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the Corn Gluten Feed are Adidas, Suunto, Abbott laboratories, Sony, Eurotech, Nike, Google, Inc., Garmin International Inc., Medtronic, Fitbit Inc., and Apple Inc. These players are focusing on developin

Rising Adoption Of Minimal Residual Disease Testing Market To Improve Cancer Treatment Outcomes

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Minimal Residual Disease Testing Marke   Minimal residual disease (MRD) testing helps detect any remaining cancer cells that may be left in the body after completion of primary treatment. It aids in determining a patient's response to therapy and guides further treatment decisions. MRD testing uses highly sensitive techniques like polymerase chain reaction (PCR), next-generation sequencing (NGS), and flow cytometry to detect presence of one cancer cell amongst 100,000 normal cells. This helps increase the chances of long-term remission and improves outcomes for cancers like acute lymphoblastic leukemia, multiple myeloma, and mantle cell lymphoma. Growing awareness about benefits of MRD monitoring and increasing prevalence of cancers globally are fueling adoption of MRD testing solutions. The global minimal residual disease testing market is estimated to be valued at US$ 4.97 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031 . Key Takeaway

Medical Device Engineering Services Market Will Grow At Highest Pace Owing To Increased Global Demand For Advanced Medical Devices

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  Medical Device Engineering Services Market The medical device engineering services market is gaining rapid popularity owing to the growing demand for advanced medical devices and technologies. Medical device engineering services help in designing, developing and testing of various medical devices across therapeutics areas. Some key services include product development and lifecycle management, regulatory and quality compliance, product upgrade services and clinical research services. With advancements in healthcare infrastructure and rising focus on patient safety, there is increasing adoption of latest medical technologies. This is driving the need for engineering consulting, prototyping and testing of various surgical, diagnostic and monitoring equipment. The global Medical Device Engineering Services Market is estimated to be valued at US$ 12.05 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the