Automotive Radar Market Size, Recent Advancement & Scope Top Trends

 The global automotive radar market is anticipated to reach $15,658.6 million by 2026 according to a new research published by Polaris Market Research.  In 2017, the adaptive cruise control application dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global Automotive Radar market.

 

The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the market growth. Higher frequency radar systems are being used in vehicles owing to their improved performance, increased reliability, and higher accuracy. The adoption of automotive radar systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive Radar market in the coming years.

 

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Automotive radars use 76 GHz to 81 GHz technology platform for easier development and use of individual sensors for multiple purposes. Use of wider bandwidth provides higher resolution and enhanced object recognition. The 79 GHz project founded by the European Commission aims to speed up global agreement to use the 79 GHz band for vehicular radars. The Russian Federation, Ukraine, Turkey and the Balkan region have approved the use of the 79 GHz band for automotive high-resolution short range radars.

 

 

In 2017, Europe accounted for the highest share in the global Automotive Radar market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive radars. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth.

 

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The well-known companies profiled in the report include Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autoliv Inc., and Hella KGaA Hueck & Co among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Alkyl polyglucoside Market Size, Recent Advancement & Scope Top Trends

 The global alkyl polyglucoside market size is expected to reach USD 1,844.4 million by 2027 according to a new study by Polaris Market Research. The report “Alkyl Polyglucoside Market Share, Size, Trends, Industry Analysis Report, By Product (Coco, Lauryl, Decyl, Capryl); By Functionality (Cleansing Agent, Emulsifying Agent, Wetting Agent, Degreasing Agent, Solubilizing Agent, Hydrotope, Foaming Agent); By Application; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Alkyl polyglucosides are non-ionic surfactants that are produced from vegetable oils. They are bio-degradable and used in a variety of applications such as cosmetics and industrial. They are typically derived from glucose and fatty alcohols. Alkyl polyglucosides are largely used to enhance foam formation in detergents. Consumer awareness is growing, wherein they need to know the ingredients present in the products, as a result, in reference to surfactants, this is an opportunity for the formulators and manufacturers to make a compelling case for themselves and the products. The sulfate-free shampoo product segment is well-established and populated by companies such as L’Oreal which evidently shows that the demand for green products is increasing.

 

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Key companies involved in the manufacturing of alkyl polyglucosides are largely focusing on expanding their production capacities to cater to the growing demand across the globe. In addition, alkyl polyglucosides have replaced petroleum-based surfactants in several end-use applications, thus creating gaps in the supply and demand equation. Participants involved in the production of alkyl polyglucosides are focusing on setting up production plants at strategic locations to enhance their sales output. For instance, BASF is expanded their alkyl polyglucoside production capacity by initiating two production expansion projects in Jinshan (China) and Cincinnati (Ohio).

 

Market participants include Croda International PLC, BASF SE, Huntsman Corporation, Dow Chemical Company, Akzo Nobel NV, SEPPIC S.A., LG Household & Health Care Ltd., Galaxy Surfactants, Pilot Chemical Company, and Shanghai Fine Chemical Co Ltd. In September 2019, BASF showcased new data and proof of concept for the alkyl polyglucosides as a natural thickening agent. These formulations would be used in the company’s body wash and shampoo segments.

 

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Polaris Market Research has segmented the alkyl polyglucoside market report on the basis of product, functionality, application, and region

Alkyl Polyglucoside, Product Outlook (Revenue – USD Million, 2016 – 2027)

• Coco
• Lauryl
• Decyl
• Capryl
• Others

Alkyl Polyglucoside, Functionality Outlook (Revenue – USD Million, 2016 – 2027)

• Cleansing Agent
• Emulsifying Agent
• Wetting Agent
• Degreasing Agent
• Solubilizing Agent
• Hydrotope
• Foaming Agent
• Others

Alkyl Polyglucoside, Application Outlook (Revenue – USD Million, 2016 – 2027)

• Homecare
• Surface Cleaners
• Dishwashing Detergent
• Laundry Detergents
• Others
• Personal Care
• Bath Products
• Cleansers & Wipes
• Oral Care
• Others
• Industrial & Institutional Cleaners
• Agricultural Chemicals
• Oil Fields
• Admixtures for Cement, Concrete & Plaster
• Others

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Crude Glycerine Market Size, Recent Advancement & Scope Top Trends

 The global crude glycerine market size is expected to reach USD 1.26 billion by 2028 according to a new study by Polaris Market Research. The report “Crude Glycerine Market Share, Size, Trends, Industry Analysis Report, By Glycerol Content (Less than 80%, 80% – 90%, More than 90%); By Application (Animal Feed, Wastewater Treatment, Biogas, Oleochemistry, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The increasing use of biodiesel owing to increasing environmental concerns and greenhouse emissions has resulted in increased production of crude glycerine. Growth in industrialization and rising demand from wastewater treatment drive the growth of the market for crude glycerine. Greater demand from applications such as animal feed, biogas production, and oleochemistry further stimulates the growth of the market.

 

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Growing demand from developing economies, technological advancement, and significant investments in research and development by leading players fuels the growth of the market. On the basis of glycerol content, the market is segmented into less than 80%, 80%-90%, and more than 90%. Increasing applications, technological advancements, and extensive research and development have increased the application of crude glycerol with varied glycerol content.

 

 

The different applications of crude glycerine include animal feed, wastewater treatment, biogas, oleochemistry, and others. The demand for animal feed has increased significantly over the past few years. Crude glycerol is used as an energy source in animal feed. The growing availability of crude glycerol from the biodiesel industry and cost availability supports the growth of this segment. Rising industrialization, technological advancements, and growing use in oleochemistry support the growth of the crude glycerine demand in the market.

 

The demand for crude glycerine in Asia Pacific is expected to grow at a significant rate during the forecast period. Rising industrial growth, urbanization, and growth in the demand for animal feed support market growth for crude glycerine in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries. There has been increasing demand for crude glycerine from applications such as wastewater treatment, and biogas production, thereby driving the growth of the market for crude glycerine in Asia Pacific.

 

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Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry. Some of the major market players in crude glycerine industry include GF Energy, Oleon NV, Cargill, Aemetis, Inc., Peter Cremer, Pasand Speciality Chemicals, Renewable Energy Group, Inc., Abengoa Bioenergia SA, Cremer Oleo GmbH & Co. KG, and STOCKMEIER Chemie GmbH & Co. KG.

 

Maggot Debridement Market Size, Strategies, Competitive & Factor Analysis 2028

 The global maggot debridement market is anticipated to reach USD 19.7 million by 2027 according to a new study by Polaris Market Research. the market is anticipated to register a CAGR of 9.7% from 2020 to 2027. A large patient pool suffering from acute wounds including burn wounds and surgical wounds is the primary factory responsible for the growth of the maggot debridement market. The growing geriatric population and changing lifestyles leading to wrong eating habits are driving growth for the global market. In addition to this, rising cases of diabetes globally can lead to diabetic foot ulcers, pressure ulcers, and venous leg ulcers which eventually drive demand for maggot debridement. Moreover, increasing incidents of road accidents, burns, and trauma events across the globe further create growth avenues for the global market. 

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Key Takeaways of Maggot Debridement Market 

·         By application, the chronic wounds segment accounted for the major market share and is expected to add more to it during the forecast period. The segmental growth is attributed to a rapid increase in the number of patients suffering from diabetes foot ulcers and venous leg ulcers. 

·         In terms of administration, the biobags segment leading the growth with largest revenue share in the market for maggot debridement. The segment is projected to experience a significant rise in demand owing to the growing prevalence of chronic wounds and the rising number of surgeries worldwide.

·         Based on end-use, hospitals emerged as the fastest-growing region on account of a continuous increase in the rate of patients struggling from various chronic wounds and taking treatment in hospital settings. Advancements in healthcare facilities in hospitals resulted in increased patient admissions is further supporting segmental growth. 

·         North America dominated the market for maggot debridement due to rising geriatric population suffering, growing health consciousness among the population, and availability of better healthcare structure in the region.

·         COVID-19 pandemic impacted the maggot debridement market as healthcare resources such as hospitals, medical professionals, and medical devices reallocated for the management of COVID-19 patients. This has opted out wound care from the list of essential procedures.

The significant factors favoring the global market growth include the increasing incidents of street mishaps, surgeries, burns, trauma, and road accidents globally that are responsible for the prolonged hospitalization due to the injuries & surgeries which drive the demand for these products. Every year around 2 million people are critically injured in accidents which have led to increased demand, propelling the market growth.

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Regional Outlook & Growth Analysis:

North America is dominating the market for maggot debridement followed by the Europe region. Rising health concerns, a surge in demand for advanced treatment, and the existence of a developed healthcare structure are some of the factors contributing to regional growth. In addition to this, the presence of several leading players is positively influencing the market growth. A high rate of road accidents, a large diabetic population, and favorable reimbursement policies in Asian countries are driving huge demand for the market of the Asia Pacific region. 

Market Participants:

Leading market participants are focusing more on research and development activities to bring new technologically advanced products to attract consumers and gain a competitive edge over others. Additionally, they are also taking key strategic moves such as partnerships and collaborations to expand their business. Some of the key players in the maggot debridement market are Arobella Medical, B. Braun Melsungen AG, Coloplast, DeRoyal Industries, Lohmann & Rauscher, BioMonde, Smith & Nephew, Advancis Medical, Molnlycke Healthcare, and RLS Global. Players in the market are focusing on mergers & acquisitions, collaborations, product extension, and geographical expansion. Also, the companies are making huge investments in research & development activities to develop new products and to compete with the other players.

Target Audience:

·         Supply Side: Healthcare Companies 

·         Demand Side: Hospitals, Clinics, Research Laboratories, Academic Medical Centers

·         Regulatory Side: World Health Organization (WHO)

·         Associations and Industry Bodies: Food and Drug Associate (FDA)

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Automotive Battery Thermal Management System Market SWOT Analysis, Business Growth Opportunities By 2028

 The worldwide Automotive Battery Thermal Management System Market is anticipated to reach around USD 5.4 billion by 2026, according to a new research published by Polaris Market Research. The passenger car dominated the global Automotive Battery Thermal Management System market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global automotive battery thermal management system market.

 

The significant increase in demand for electric vehicles, and rising need to improve battery performance and efficiency of electric vehicles boosts the demand for automotive battery thermal management system. The awareness regarding use of electric vehicles has increased significantly, especially in the Asia-Pacific region. The increasing awareness among consumers regarding use of eco-friendly vehicles coupled with rising adoption of advanced Lithium-Ion batteries fuels the growth of the automotive battery thermal management system market. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for automotive battery thermal management system market in the coming years.

 

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In 2017, Asia-Pacific accounted for the highest share in the global automotive battery thermal management system market. The growing demand for electric vehicles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive battery thermal management system systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions, and are offering subsidies and tax exemptions on purchase of electric vehicles, thereby fueling the growth of the market. The increasing economic growth, and increasing demand from countries such as China and India further increase the adoption of automotive battery thermal management systems in the region.

 

The companies operating in the automotive battery thermal management systems include Robert Bosch GmbH, Dana Incorporated, LG Chem., Calsonic Kansei Corporation, Continental AG, Gentherm Incorporated, VOSS Automotive, CapTherm Systems, Hanon Systems, and Mahle Behr GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Waterborne Coatings Market Size, Recent Advancement & Scope Top Trends

 Waterborne coatings are advanced solutions of the coating products with lesser environmental impact. These products use water as the solvent medium and have lower harmful emissions as compared to the solvent borne ones. The global water borne coatings are primarily driven by the growth of end-use applications such as construction, general industries, and automotive.

 

Rising construction activities coupled with the maintenance of the existing structures has tremendously driven the demand for these products. Protection of the surface and decoration are two main functions of these products that are of considerable economic importance. As water borne these products is the result of technological development in the paints & coatings industry and is an environmentally-friendly options, it is rapidly becoming preferred option by many consumers around the globe.

 

The industry has also witnessed significant advancements in terms of the resin materials for the coatings formulation. Polyurethane based waterborne coatings are the result of such developments and are used widely on account of lower volatile organic compound (VOC) emissions. Moreover, real-time polymer monitoring systems have optimized the production of many such polymers, which are widely used in the manufacturing of the coatings.

 

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Further trends in the materials for these products include UV-cure coating formulations and “intelligent binders” in protective water borne coatings. These are new, viable, and attractive options for applications in polymer coaters, OEMs, contract coaters, extruders, thermoformers, and formed polymers.

 

The growth of industry is also a result of the favorable regulatory framework, however, the scenario became increasingly complex and expensive for the coating suppliers when the trend started. Numerous regulatory agencies such as REACH and ECHA have prescribed standards for reduction of harmful emissions in the environment from solvent borne coatings. This trend resulted in the growth of eco-friendly coating segments such as water borne and powder.

 

The market has wide scope in almost all the regions of the world with Asia Pacific as the fastest growing regional player. China, India, Japan, and South Korea are significant contributors for this regional growth. North America and Europe are the mature waterborne coating markets with an average growth rate slower than Asia Pacific in the near future.

 

The global industry constitutes of large number of domestic and international players. Some of the key market players include PPG Industries, Inc, BASF SE, Axalta Coatings, DowDuPont, Sherwin-Williams Company, and AkzoNobel NV. Other notable manufacturers include RPM International, Kansai Paint Company Ltd., The Valspar Corporation, and Jotun Group.

 

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https://www.prnewswire.com/news-releases/automotive-lightweight-material-market-size-worth-109-5-billion-by-2027--cagr-7-2-polaris-market-research-301211585.html

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Vaccine Adjuvants Market Size, Recent Advancement & Scope Top Trends

 The Global Platelet Aggregation Devices Market Size Is Expected To Reach USD 1,556.8 Million by 2027 according to a new study by Polaris Market Research. Platelet aggregation is the biological process where the platelet cells are employed in a process to prevent bleeding through vaso-constriction for rapid clot formation. The whole process is mediated via platelet aggregating factor (PAF). The quantitative and qualitative defects of platelets lead to increased bleeding. The high reactivity of platelets in the patients having anti-platelet therapy results in thromboembolic complications.

 

Platelet function related disorders can be either inherited or acquired. The inherited platelet function disorders include Von Willebrand disease, Glanzmann’s thrombasthenia, Bernard-Soulier syndrome, Storage pool disease. The acquired platelet dysfunction may be caused by chronic conditions such as kidney failure (uremia), Myelodysplastic syndrome (MDS), Leukemias (chronic myeloid leukemia or CML; acute myeloid leukemia or AML).

 

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Some acquired platelet disorders are temporary because of the decreased function of platelets due to anti-platelet medications, non-steroidal anti-inflammatory drugs (NSAIDs), tricyclic antidepressants, antihistamines and some antibiotics. The platelet function testing is transitioned from diagnostics for heritable diseases to a functional one for platelet functional therapies. The rapid usage of anti-platelet therapy, mainly dual anti-platelet therapy has changed the focus of platelet function testing from diagnostics to therapeutics.

The market is driven by few notable factors such as the recent surge in infectious diseases (COVID-19) requiring rapid serological tests, innovations in platelet aggregation mechanisms, systems and consumables, and worldwide rise in chronic ailments. Specialized tests based on platelet aggregation include light transmission platelet aggregometry on platelet-rich plasma (LTA), impedance whole blood aggregometry (WBA), Lumi-aggregometry and flow cytometry.

 

Automated haematology analyzers can be used to obtain platelet counts over a wide range of values using optical counting methods like light scatter or fluorescence. Screening tests such as prothrombin time (PT) or activated partial thromboplastin time (aPTT) are more standardized and fully automated.

 

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Number of reagents are available in the market to carry out the platelet function tests. These reagents include collagen, thrombin, ADP, vasopressin, epinephrine and ristocetin. Collagen, ADP were used in routine platelet aggregation studies for the evaluation of qualitative platelet function disorders.

 

Market participants such as F. Hoffmann La-Roche Ltd., Drucker Diagnostics, Haemonetics Corporation, Sysmex Corporation, Siemens Healthineers, Chrono-log Corporation, Instrumentation Laboratory, Accriva Diagnostics, Matis Medical, Helena Laboratories Corporation, Sienco, Inc., Bio/Data Corporation, Tem Group, WerfenLife, S.A., Laboratory Corporation of America Holdings, Sentinel CH. S.p.A., and Aggredyne, Inc. are some of the key players operating in the concerned market.

 

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Earphones and Headphones Market Size, Outlook, Key Prospects And Future Growth

 According to a new report published by Polaris Market Research the earphones And Headphones market is anticipated to reach over USD 16,563 million by 2026. In 2017, earphones dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

The increasing demand of wireless earphones and headphones drives the growth of this market. Increasing penetration of smartphones coupled with declining prices of mobile devices further accelerates the market growth. In addition, the per capita income of consumers has increased considerably, which has resulted in enhanced lifestyle and higher standards of living. Rise in the number of streaming services such as Spotify, Pandora, and Deezer, enhance the music experience for consumers, thereby supporting the growth of headphones and earphones.

 

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The well-known companies profiled in the report include Sennheiser Electronic GmbH & Co. KG, Sony Corporation, GN Netcom, Audio-Technica Corporation, JVC Corporation, Beats Electronics (Apple, Inc.), Harman International Industries, Inc., Plantronics Pty Ltd., Philips Electronics Ltd., and Bose Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

There has been an adoption of earphones and headphones across the globe owing to the increase in penetration of smart phones. Growth in sales of smartphones coupled with the increasing need for mobility services has significantly increased the demand for earphones and headphones. The major players in the market have developed advanced wireless headphones and earphones to cater to the growing requirements of consumers and their changing preferences. Additionally, the demand for earphones and headphones has increased in the global market owing to features such as high-definition sound quality, portability, flexibility, and ease of connectivity.

  

A significant growth in demand for wireless earphones and headphones has been registered over the years owing to convenience, portability, and high-definition sound quality. Consumers need convenience and on-the-go services, and opt for wireless earphones and headphones for audio communication and related applications. Wireless earphones and headphones enhance the experience by providing easy and quick transmission, wireless operation, and ease of set up. Hence, the increase in demand for wireless earphones and headphones is expected to drive the growth of the market.

 

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Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for mobile accessories. Factors such as increase in per capita income and changes in consumer behavior towards adoption of smartphones are expected to accelerate the adoption of earphones and headphones in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high population in the region coupled with increasing disposable income drives the market growth. The rising penetration of smart phones, and availability of affordable earphones & headphones with advanced features has increased the demand in Asia-Pacific. The increasing application of earphones and headphones in call centers, gaming centers, virtual reality, music and entertainment provide growth opportunities for the market.

 

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The different technologies available in the market include wired and wireless. In 2017, wired earphones and headphones accounted for the highest market share. However, wireless earphones and headphones are expected to grow at a higher CAGR during the forecast period. The increasing demand for wireless earphones and headphones is owing to Bluetooth connectivity, enhanced convenience, increased mobility, and noise cancellation feature.

 

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Platelet Aggregation Devices Market With Business Strategies And Analysis To 2028

 The Global Platelet Aggregation Devices Market Size Is Expected To Reach USD 1,556.8 Million by 2027 according to a new study by Polaris Market Research. Platelet aggregation is the biological process where the platelet cells are employed in a process to prevent bleeding through vaso-constriction for rapid clot formation. The whole process is mediated via platelet aggregating factor (PAF). The quantitative and qualitative defects of platelets lead to increased bleeding. The high reactivity of platelets in the patients having anti-platelet therapy results in thromboembolic complications.

 

Platelet function related disorders can be either inherited or acquired. The inherited platelet function disorders include Von Willebrand disease, Glanzmann’s thrombasthenia, Bernard-Soulier syndrome, Storage pool disease. The acquired platelet dysfunction may be caused by chronic conditions such as kidney failure (uremia), Myelodysplastic syndrome (MDS), Leukemias (chronic myeloid leukemia or CML; acute myeloid leukemia or AML).

 

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Some acquired platelet disorders are temporary because of the decreased function of platelets due to anti-platelet medications, non-steroidal anti-inflammatory drugs (NSAIDs), tricyclic antidepressants, antihistamines and some antibiotics. The platelet function testing is transitioned from diagnostics for heritable diseases to a functional one for platelet functional therapies. The rapid usage of anti-platelet therapy, mainly dual anti-platelet therapy has changed the focus of platelet function testing from diagnostics to therapeutics.

The market is driven by few notable factors such as the recent surge in infectious diseases (COVID-19) requiring rapid serological tests, innovations in platelet aggregation mechanisms, systems and consumables, and worldwide rise in chronic ailments. Specialized tests based on platelet aggregation include light transmission platelet aggregometry on platelet-rich plasma (LTA), impedance whole blood aggregometry (WBA), Lumi-aggregometry and flow cytometry.

 

Automated haematology analyzers can be used to obtain platelet counts over a wide range of values using optical counting methods like light scatter or fluorescence. Screening tests such as prothrombin time (PT) or activated partial thromboplastin time (aPTT) are more standardized and fully automated.

 

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Number of reagents are available in the market to carry out the platelet function tests. These reagents include collagen, thrombin, ADP, vasopressin, epinephrine and ristocetin. Collagen, ADP were used in routine platelet aggregation studies for the evaluation of qualitative platelet function disorders.

 

Market participants such as F. Hoffmann La-Roche Ltd., Drucker Diagnostics, Haemonetics Corporation, Sysmex Corporation, Siemens Healthineers, Chrono-log Corporation, Instrumentation Laboratory, Accriva Diagnostics, Matis Medical, Helena Laboratories Corporation, Sienco, Inc., Bio/Data Corporation, Tem Group, WerfenLife, S.A., Laboratory Corporation of America Holdings, Sentinel CH. S.p.A., and Aggredyne, Inc. are some of the key players operating in the concerned market.

 

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Sugar Confectionery Market Size, Outlook, Key Prospects And Future Growth

 The global sugar confectionery market size is expected to reach USD 68.29 billion by 2028 according to a new study by Polaris Market Research. The report “Sugar Confectionery Market Share, Size, Trends & Industry Analysis Report, By Distribution Channel (Offline Stores, Online Platforms); By Type; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

A significant increase in population, changing eating habits, and rising disposable income drive the market growth. Other factors influencing the global sugar confectionery industry include growing inclination towards gifting of confectionery products, and investments by market players in promotional activities, advertising campaigns, and social media marketing. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific, further fuels the market growth.

 

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Factors such as increase in per capita income, changes in consumer behavior, and rising trend of e-commerce are expected to accelerate the growth of sugar confectionery industry in the coming years. However, increasing health awareness, rising cases of obesity related diseases, and shift in trend towards consumption of low calorie food are expected to restrict the growth of the sugar confectionery industry. Increasing demand from developing nations, rising demand for organic and premium chocolate products, and growing trend of gifting confectionery products are factors expected provide numerous growth opportunities to the market players during the forecast period.

 

Asia-Pacific is expected to grow at the highest rate during the forecast period. The increasing population in the region coupled with rising disposable income drives the market growth in the region. The increasing demand of Sugar Confectionery in the region is expected to be driven by growth in countries such as China, Japan, and India. The development in retail market, stable economic growth, and growing trend of using sugar confectionery as gifts supports the market growth in the region.

 

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The well-known companies profiled in the sugar confectionery market analysis report include Nestle SA, Mondelez International, Perfetti Van Meller, Lindt & Sprungli, Hershey Food Corp, Ferrero Group, Mars Incorporated, Kraft Foods Co., WM Wrigley JR Company, and Haribo GmbH & Co. KG among others. These companies are consistently launching new products to enhance their offerings in the global sugar confectionery industry. With change in lifestyles, companies are innovating and introducing new products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

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Pea starch Market Overview, Trends Forecast Analysis By Top Manufactures

 The global pea starch market size is expected to reach USD 150.7 million by 2028 according to a new study by Polaris Market Research. The report “Pea Starch Market Share, Size, Trends, Industry Analysis Report, By Type (Organic, Traditional); By Application (Gelling, Film Foaming, Binding & Thickening, Texturizing); By End-Use (Food & Beverages, Animal Feed, Pet Food, Cosmetics, Pharmaceutical, Textile); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The market is projected to witness growth over the forecast period owing to increasing demand for convenience food, hectic consumer lifestyle, and rising application in animal feed. The consumption of pea starch has also increased on account of the growing disposable income of consumers, increasing health concerns, and rising awareness regarding nutrition and fitness. Companies are introducing pea starch-based food products to enable consumers to maintain weight, provide nutritional requirements, and align with their health goals.

 

There has been an increasing shift towards the consumption of organic products. In August 2019, Cargill invested $75 million in PURIS to strengthen its offerings of pea proteins, starches, and fibers. This would enable the company to address the growing consumer demand for plant-based proteins to fulfill their nutritional needs. PURIS offers a wide portfolio of non-GMO and organic pea starch for multiple food and beverage categories.

 

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The end-use for the market includes food & beverages, animal feed, pet food, cosmetics, pharmaceutical, textile, and others. The food & beverage industry uses pea starch in a wide range of products such as dairy, baked goods, meat products, soups, and canned goods. Increasing health concerns among adults as well as kids drive the growth of this segment.

 

Increasing consciousness towards physical appearance and fitness coupled with a hectic lifestyle has increased the demand for healthy snacks and meal replacements, supplementing the growth. The pet food segment is expected to experience significant growth during the forecast period owing to the shift towards grain-free pet food. Pea starch is increasingly being used in wet and dry pet food, snacks, and treats.

 

The applications of pea starch include gelling, film foaming, binding and thickening, texturizing, and others. The gelling segment accounted for the highest share in 2019. The growth in the convenience food industry is expected to drive the market in this segment during the forecast period.

 

Pea starch is a major component in food products that require an elastic texture owing to its high amylose content. Growing industrial applications of pea starch for gelling, coupled with increasing demand from the animal feed sector are factors expected to provide numerous growth opportunities in the coming years.

 

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Asia Pacific is expected to exhibit significant growth during the forecast period. Population growth, rising disposable incomes, and growing use in food products such as bakery, dairy, and confectionery drive the market growth in the region.

 

The population in the region is gradually moving from traditional food groups to a range of healthier food options and is willing to spend more on food that offers high nutritional value. With increasing consciousness regarding diet and lifestyle among youth, the market is expected to grow significantly in the coming years.

 

Some of the major market participants include Parrish and Heimbecker, Ltd., Axiom Foods, Inc., Dakota Dry Bean, Puris Foods, Vestkorn Milling AS, Roquette Freres, Meelunie B.V., AGT Food and Ingredients, Shandong Jianyuan Group, Emsland Group, Yantai Shuangta Food Co., Ltd., Cosucra Groupe Warconing SA, Felleskjøpet Rogaland Agder, and the Scoular Company.