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Showing posts from November, 2023

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

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Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Petrol

Peripheral Vascular Devices Market Is Estimated To Witness High Growth Owing To Rising Prevalence of Peripheral Artery Diseases

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Peripheral Vascular Devices Market  Market Overview: Peripheral vascular devices are medical tools used to treat and diagnose diseases affecting peripheral arteries and veins located outside of the heart and brain. These include stents, plain old balloon angioplasty (POBA) catheters, stent grafts, vascular closure devices, and angioplasty balloons. Peripheral vascular devices are used by vascular surgeons in endovascular surgical procedures to restore blood flow to the legs or arms and treat conditions like peripheral artery disease. Market Dynamics: The peripheral vascular devices market is primarily driven by the rising prevalence of peripheral artery diseases globally. According to estimates by Global Burden of Disease 2015, 202 million people worldwide suffered from peripheral artery disease in 2015. Growing geriatric population is another major factor fueling the market growth as risk of developing peripheral vascular disorders increases with age. Moreover, increasing preference

The increasing investment in drilling exploratory and productive wells opens new opportunity for Oilfield Drill Bits Market

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Oilfield Drill Bits Market  Market Overview: Oilfield drill bits are specially designed drill bits used for drilling oil and gas wells. The different types of drill bits used are fixed cutter bits, roller cone bits, natural diamond bits, and integrally bladed drill bits. Fixed cutter bits are the most commonly used drill bits made from tungsten carbide. These bits are ideal for drilling through soft to medium hard formations. Roller cone bits have teeth or cutting elements mounted on separate rolling cones. They are suitable for drilling through hard and abrasive formations. Market Dynamics: Increasing oil and gas exploration & production activities is a key driver expected to boost the global oilfield drill bits market growth over the forecast period. According to the U.S. Energy Information Administration, the world consumption of petroleum and other liquid fuels averaged over 99 million barrels per day in 2021, which is projected to increase to 100 million barrels per day in 20

The Bladder Liners Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urinary Incontinence

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  Bladder Liners Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 million adul

The rising prevalence of anxiety disorders to drive demand for Benzodiazepine Drugs Market

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  Benzodiazepine Drugs Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 mill

Pleural Diseases Market Owing To Rising Prevalence Of Lung Cancer

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Pleural Diseases Market   Market Overview: Pleural diseases market involves products that are used to treat pleural diseases conditions such as pleurisy, pneumothorax, pleural effusion, and mesothelioma. The key products in this market include pleural catheters, thoracentesis devices, biopsy devices, and others. Pleural effusion is one of the most common conditions indicating excess fluid build up between the chest wall and lungs which requires drainage using pleural catheters or thoracentesis devices. Market Dynamics: The rising prevalence of lung cancer is one of the major drivers of the pleural diseases market. For instance, according to the American Cancer Society, lung cancer accounts for about 25% of all cancer deaths and is the second most common cancer. Around 235,760 new cases of lung cancer were diagnosed and over 131,880 deaths from lung cancer occurred in 2018 in the United States. Furthermore, increasing adoption of minimally invasive procedures for drainage and biopsy o

The growing demand for biocompatible implants is anticipated to open up the new avenue for PEEK Implants market

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PEEK Implants Market    Market Overview: PEEK implants are preferred for orthopedic and spinal applications due to their exceptional biocompatibility and mechanical properties similar to bone. PEEK implants are radiolucent and do not interfere with MRI, CT scans or X-rays allowing for easy post-operation scans. They are used in spinal fusion surgery, trauma fixation and joint reconstruction surgeries such as hip and knee replacements. Some key benefits of PEEK implants include strength, fatigue resistance, chemical inertia and radiolucency. Market Dynamics: The increasing prevalence of orthopedic diseases and injuries is a key driver of the PEEK implants market. According to the Centers of Disease Control and Prevention, over 60 million Americans suffer from osteoarthritis resulting in over $185 billion spent annually in treatment. Moreover, the rising global geriatric population is also fueling the need for joint replacements globally. As per the United Nations report, the geriatric

Paper Cone Market Is Estimated To Witness High Growth Owing To Rising Demand From Food And Beverage Industry

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  Paper cone market Market Overview: Paper cones are used for packaging, food stuffs, and other industrial applications. Paper cones are extensively used for wrapping food items like chips, sweets and nuts. They are also used in textile, consumer goods and other industries for holding rolls. Paper cones provide advantages like low cost, eco-friendliness and recyclability over plastic cones. Market Dynamics: The growth of Paper Cone Market Demand is driven by rising demand from food and beverage industry. Paper cones are increasingly preferred over plastic cones for packaging snacks, sweets and other food items due to sustainable nature of paper. Growing health awareness and stringent regulations against plastics have further augmented the demand for paper cones from food industry. Another key driver is growth in textile industry. Paper cones are majorly used for holding rolls of fabrics, threads and yarns in textile industry. Rapid industrialization in developing economies have prop

Europe Quick E-Commerce (Quick Commerce) Market is Estimated To Witness High Growth Owing To On-Demand Delivery Trend

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  Europe Quick E-Commerce (Quick Commerce) Market Market Overview: Quick commerce is a type of e-commerce business model that focuses on delivering groceries and daily essential items to customers within a few minutes of order placement. It aims to fulfill orders in 1 hour or less, often in 20-30 minutes. With the quick commerce business model, customers can order products from their phone through apps and get deliveries within minutes. This on-demand delivery model has gained immense popularity especially among millennials and gen Z population as it provides instant shopping fulfillment experience. Market key trends: One of the major trends driving the growth of the Europe quick e-commerce (quick commerce) market is the rising prominence of on-demand delivery in various parts of daily life. Younger populations in countries across Europe have grown accustomed to the instant gratification and convenience offered by on-demand services such as food, grocery and other deliveries within m

AI adoption trends projected to boost the growth of Embolization Market

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Embolization Market   Market Overview: Embolization is a minimally invasive procedure used for blocking blood vessels through the purposeful introduction of materials such as micro coils, liquids, foams and particles into the blood vessel leading to occlusion. This procedure is frequently used to treat cancerous growths, uterine fibroids and abnormal blood vessel formations. It offers advantages such as minimal scarring, reduced risks of infection and bleeding and shorter recovery time. With advancements in minimally invasive procedures and growing adoption of AI technology, the demand for embolization procedures is on the rise. Market key trends: Rising demand for minimally invasive procedures: Advances in interventional radiology and AI guidance systems have increased the adoption of minimally invasive procedures over conventional open surgeries. Minimally invasive procedures offer benefits such as reduced post-procedure pain, lower risk of infection and scarring. Growing awareness

Electric Lunch Box Market is Estimated To Witness High Growth Owing To Rising Working Population Demand

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Electric Lunch Box Market   Market Overview: Electric lunch boxes are used to store and carry prepared meals for consumption during breaks or lunch time at work/schools. They help keep food hot or cold for extended hours without being plugged in by using insulation materials. This convenience factor has increased their adoption among working professionals and students. Market key trends: One of the key trends driving the demand for Electric Lunch Box Market Demand is the rising working population globally. As per ILO estimates, the global workforce is expected to increase by 165 million between 2016 and 2030 with majority coming from emerging economies of Asia and Africa. With increasing workforce, the demand for convenient meal solutions during work hours is surging. Electric lunch boxes address this need by allowing people to carry safely cooked meals from home and consume them warm during breaks without carrying additional appliances like microwaves. This fuel the sales of electr

The Prospect of Growing Geriatric Population to Boost the Growth of Dentures Market

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  Dentures Market Market Overview: Dentures are artificial teeth sets that are placed in the mouth of individuals who have lost some or all of their natural teeth. They are either partial dentures, which replace just a few missing teeth, or complete dentures, which are used when all teeth in an arch are missing. Completely removable acrylic dentures are the most inexpensive and widely used type of dentures. However, overdenture implants are also available which incorporate small titanium implants to provide better stability and retention for dentures. The growing geriatric population worldwide and increasing incidence of edentulism are key factors driving the growth of dentures market. Furthermore, growing aesthetic consciousness and rising disposable incomes in developing countries are expected to boost market growth over the forecast period. Market key trends: One of the key trends in the dentures market is the rising demand for dental implants and implant retained dentures. Dental

Da Vinci Systems Market is Estimated To Witness High Growth Owing To Trends in Minimally Invasive Surgery

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Da Vinci Systems Market   Market Overview: Da Vinci surgical systems are advanced robotic systems used to perform minimally invasive surgeries. They provide surgeons with enhanced vision, increased precision, and steady or moving instrument tips during procedures. Advanced features like 3D HD vision systems, wristed instruments, scalable motions, and fingertip control enable surgeons to perform complex procedures through just a few small incisions as compared to traditional open surgeries. This translates to less pain, fewer complications, shorter hospital stays, and quicker return to normal activities for patients. Market key trends: One of the major trends driving the growth of da Vinci systems market is the rising preference for minimally invasive surgeries. Minimally invasive techniques are associated with reduced surgical trauma, blood loss, recovery time, and complications as compared to traditional open surgeries. This is prompting more surgeons and healthcare facilities to ad

Buprenorphine Market Is Estimated To Witness High Growth Owing To Increasing Approval Of New Products

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Buprenorphine Market   Market Overview: The buprenorphine market includes drugs used for the treatment of opioid addiction and pain management. Buprenorphine is a partial opioid agonist that helps reducing withdrawal symptoms in patients suffering from opioid dependency. It provides an effective treatment option due to its high affinity for opioid receptors and relatively low intrinsic efficacy. Market key trends: One of the major trends in The Buprenorphine Market Demand is increasing approval of new products. In April 2023, Braeburn received FDA approval for weekly buprenorphine depot injection (CAM2038) for the treatment of moderate to severe opioid use disorder. The drug delivers continuous plasma levels of buprenorphine over a week with a single subcutaneous injection. Such new product approvals are expected to fuel the market growth during the forecast period by providing improved treatment options. Porter’s Analysis Threat of new entrants: Low barrier for new players to en

Increasing Adoption of Payment Security to Drive Growth of Biometric Card Market

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Biometric Card Market Market Overview: Biometric cards combine payment cards technology with biometric authentication to verify the cardholder's identity using fingerprint, iris or facial recognition. These cards provide secure and convenient payment options as they can verify identity with just a touch or glance. They eliminate the need to remember and enter pins while making payments. Biometric cards are being adopted across industries like banking, government, travel & immigration and healthcare to enable secure and frictionless transactions. They authenticate the cardholder during transactions as well as activate and unlock the card for use. This ensures only the correct and authorized user can access card features and make payments. The added layer of biometric authentication makes transactions secure and reduces the risk of card frauds and identity thefts. Market key trends: The Biometric Card Market Demand is expected to witness significant growth during the forecast