ReleaseWire Connect

The surimi market will reflect healthy growth at approximately 6% CAGR during the forecast period ranging from 2020 to 2030. The covid-19 outbreak is expected to marginally hurt short term prospects as lockdown restrictions hurt supply chain operations in terms of raw materials.

“Increasing digitization and use of cloud computing services along with advancing rate of development of data centers will drive the serial console server market during the forecast period,” says a Fact.MR analyst.

Asia Pacific is projected to witness lucrative growth, owing to increase in population and higher demand for ULT freezers for storage of blood products.

“The COVID-19 pandemic has caused an increase in the number of patients across the world, which has resulted in higher usage of medical imaging devices. As such, the medical imaging phantoms market will not see a decline like most other markets,” says a Fact.MR analyst.

North America leads the microdermabrasion devices market share, owing to the vast increase in cosmetic procedures and awareness through social media as compared to other regions.

North America holds the largest share in the brachytherapy devices market. This is predominantly due to rise in cancer cases and convenient insurance policies laid out by healthcare sector in the region.

The PCR and real-time PCR molecular diagnostics market reached a valuation of US$ 2 Bn in 2019 growing at a very strong rate through 2030. The coronavirus pandemic is expected to bolster demand in the short term for PCR and real-time PCR molecular diagnostics, owing to the massive potential in testing and diagnostics applications to identify and segregate patients during the global crisis.

The truck and bus radial tire market is expected to grow at a healthy 5% CAGR through the end of 2030. The global coronavirus pandemic has had an adverse impact on the truck and bus radial (TBR) tires industry. This can be attributed to lockdown restrictions on the automotive industry.

The injection pens market is projected to reach US$ 6 Bn valuation by the end of the period of projection in 2030. The coronavirus pandemic is likely to significantly boost the global demand for injection pens, owing to the numerous treatments currently being used to control the pandemic. In addition, manufacturers are also likely to leverage the potential application of injection pens to administer covid-19 vaccines, which could provide a highly lucrative opportunity for the short term.

The slip rings market is estimated to reach a US$ 1billion valuation in the period between the years 2020 and 2030. The ongoing coronavirus outbreak has resulted in a short-term slump in demand for slip rings. Lockdown restrictions on manufacturing industries associated with aerospace, power generation, and defense applications are expected to hinder growth through 2020. Recovery is likely to be strong towards 2021 as manufacturing activities move back to normal.