Landscape Of Cyber Security Market Outlook: Ken Research

The Cyber security also mentioned to as Information Technology (IT) security, accentuate on maintenance computers, programs, connections, and data from unrestricted or spontaneous admittance. As cyber threats have extended importance, sanctuary solutions have developed as well. Aspects such as augment in the malware and phishing threats, and growth in acceptance of IoT and BYOD trend amongst the organizations, are propelling the cyber security industry growth.

The effective augment in the requirement for the cloud-based cyber security solutions is also one of the foremost factors propelling the market growth. However, the constant demand to conform to the cyber security industry standards, regulations, and complications of device security are some of the key causes encumbering the market growth. Furthermore, the cyber security activities are now being listed and aligned to strategic business activities to minimalize the impairment of IT resources, which affords the major occasion for the Cyber Security Identity And Access Management Market growth. Also, the effective growth in need for robust authentication techniques is also expected to deliver the lucrative opportunities for the market.

The solutions portion registered the entire cyber security market during the recent past years and is predicted to remain dominant throughout the forecast duration, due to augment in need to observe the external and in-house threats for great as well as small & medium originalities. Further, the services portion is also anticipated to grow at a speedy pace throughout the review years.

Market Research Reports Of Cyber Security states that the large enterprises portion created the greatest revenue cyber security market share during the recent past years, the growth of this portion is majorly attributed to the main focus on accepting the effective security solutions by great enterprises, owing to their extended perimeter.

Not only has this, the BFSI segment registered the entire market during the recent past years and is projected to exhibit noteworthy growth throughout the cyber security market forecast duration. The growth of this segment is majorly attributed to the augment in requirement for delivering the sealed security and digital discretion in financial institutions. In addition, the prominent growth in the implementation of smartphones, internet banking, and cloud are propelling the cyber security market growth in this segment.

Present and future cyber security industry inclinations are outlined to decide the overall attraction of the market. Top impacting aspects highlight the cyber security market opportunity throughout the forecast duration. Aspects such as augment in malware and phishing threats, and augment in the implementation of IoT and BYOD trend amongst organizations are propelling the market growth. In addition, increase in requirement for the cloud-based cyber security solutions is also one of the foremost factors propelling the market growth. Furthermore, the cyber security activities are now being arranged and affiliated to strategic business activities to minimalize the impairment of IT resources, which delivers the foremost opportunity for the market growth. Also, augment in requirement for robust authentication approaches are also projected to deliver the lucrative opportunities for the market. Therefore, in the near years, it is anticipated that the market of cyber security will increase around the globe more positively over the forthcoming duration.

For More Information, refer to the below link: –

Cyber Security Market Growth Analysis

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Competitive Landscape of Top 8 Indonesia E-Commerce Logistics Companies and Leading 5 E-Commerce Marketplace Platform: Ken Research

 The E-Commerce logistics industry in Indonesia is one of the growing markets in the country due to increasing demand for e-commerce. Fast growing of middle class population, high consumer confidence, changing consumer preferences, growing number of financing options, increase penetration of internet and smartphone has pushed demand for e-commerce leading surging demand for e-commerce logistics as well.

The industry is witnessing huge investments by e-commerce players in logistics to ensure time bound delivery. Jakarta, Surabaya, Sulawesi, Bandung, Kalimantan are they key hubs for demand and supply of e-commerce logistics. Emerging business opportunities in the market has led to entry of new players in the market. The COVID-19 pandemic has also pushed the demand in the market as need for social distancing has forced people to rely on online shopping

Indonesia being the mobile first economy with 56% of the population connected to the internet2 is contributing to the growth of e-commerce market leading to a surge in demand for logistics services.

Indonesia e-commerce industry has been witnessing large investment from companies such as Expedia, Alibaba, Tencent, JD.com and others, which has supported industry growth.

Challenges for E-Commerce Logistics Market in Indonesia

High Logistics Cost: Lack of quality infrastructure and poor logistics network has led to high logistics costs of Indonesia in ASEAN. The logistics costs estimates 25% -30% of GDP as compared to 5% in GDP. Indonesia has highest logistics costs among the ASEAN countries such as Singapore, Malaysia, Thailand and Vietnam.

Unstandardized Logistics Market: The logistics market in Indonesia lacks standardization; the distribution pattern in Indonesia varies in different regions. Lack of standardization hampers the penetration of technology in the market

Poor Infrastructure:  Indonesia has poor road and rail network followed by moderate port and air        transport quality. Indonesia being the hyper fragmented multimodal transport play faces the landscape hurdles leading to high costs of delivery and high delivery period.

Costly Reverse Logistics: Due to surge in e-commerce demand has led to high return rate in online retail. Inadequate infrastructure and tough geography pose a challenge for reverse logistics leading to complication and high logistics costs.

Competition Overview

The competition in the E-Commerce Logistics space in the Indonesia is moderately concentrated whereby major 4-5 companies hold majority of share in the market. The major e-commerce logistics companies include Lazada express, JNE, J&T, Sicepat, Ninja Express, Wahana Express, Lion Parcel, Tiki, First logistics and few others. E-Commerce market is also moderately fragmented as majority of market share is composed by top 5-6 players. Fleet size, clientele, no. of delivery centres, number of orders, value added services, price, delivery time are the key competing parameters for the e-commerce logistics providers.

Future Growth

Due to COVID-19 outbreak, there has been shift from offline sales to online sales, which is expected to ensure substantial growth in future as well.. The e-commerce logistics market in the country is expected to grow on the back of new technologies such as Automation, Blockchain and Internet of Things, which will be explored to increase efficiency, improve customer experience and enhance service quality. The share of Pharma e-commerce logistics is expected to increase in future. Indonesia E-Commerce Logistic market is expected to gain momentum with a fast-growing middle class population, high levels of consumer confidence and changing buying behavior of consumer. On the competition front, E-Commerce Logistics market is expected to consolidate in the future as majority of the e-commerce companies would be having their own logistics company.

Key Target Audience:

3PL Logistics Companies

Integrated Logistics Companies

E-Commerce Marketplace Platform

Retail Companies

Logistics/Supply Chain Industry Associations

Time Period Captured in the Report:

Outlook Period: 2019 to 2025

E-Commerce Logistics Companies Mentioned:

Lazada Express

JNE

Sicepat

Ninja Express

Lion Parcel

Wahana Express

Paxel

J&T Express

E-Commerce Marketplace Platform Mentioned

Tokopedia

Shopee

Lazada

Bukalapak

Blibli

Key Topics Covered in the Report

Indonesia E-Commerce Logistics Market (Overview and Genesis, Ecosystem of Indonesia E-Commerce & E-Commerce Logistics Market)

Market size of Indonesia E-Commerce Market (2019-2025)

E-Commerce Shipments per day (2019-2025)

Market segmentation by B2C & C2C E-Commerce

Market segmentation by sourcing- region

Market segmentation by delivery- region

Market segmentation by volumetric weight, Challenges in E-Commerce Logistics market) 

Competitive Landscape

Cross Comparison of E-Commerce Logistics Companies

Cross-Comparison of E-Commerce Players

For More Information on the Research Report, Refer To Below Link:-

Indonesia E-Commerce Logistics Market

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+91-9015378249

Lucrative Vision Of Worldwide Power Tools Market Outlook: Ken Research

The market of power tools around the under developed and developed economies is in its growth stage with the skillful expansion in the production technologies and encroachment in the operational methods. In addition, there is narrowly any domestic engineering for the power tools in the economy and they are enormously imported from the economies specifically China, Japan, Germany and countless others. The principal growth in the machine power tools market was improved by the principal growth of the construction and announcing industry in the corresponding economy.

However, the Europe Machine tools market is in its advanced phase and has been the market leader for centuries prior the movement transpired to Japan and the US market. The Chinese products are confidently accomplishing the market owing to their competitive pricing. The European market has encouraged the growth during the recent past years governing a positive CAGR throughout the projection period.

Although, the electric power tools reckoned the market of the power tools in the Indonesia followed by pneumatic power tools and hydraulic Power Tools Market Competition throughout the current past years. Frequently, the substance of electric power tools is subservient than other arrangements of power tools allocated to the stumpy cost of construction. This has provoked in expand in the quantity of units traded in the last five years. During the present past, the merchant linkage had the strenuous revenue share followed by the direct sales and online sales.

For instance, the Automobile industry is the primary consumer segment for machine tools across the European market. Investments in setting up and modification of predominant manufacturing things to fabrication electric and hybrid vehicles has predisposed the requirement for the skillful machine tools in the economy. Metal functioning is the principal sector underwriting to the engineering portion. It is prophesied to govern the momentous growth in the years to come due to the growth in amount of SMEs. Not only has this, the Electric and Electronic product engineering units and Aerospace are other notable end users of the machine tools accounting.

Furthermore, the merchants may also afford a fair assessment amongst dissimilar brands of the matching product. End users meritoriously heighten this as a constraint to make the finishing procurements. The Java Island counter signed the primary market share to the complete power tools market revenue across Indonesia throughout the existing past years. This was followed by Sumatra, Kalimantan, Sulawesi and countless other economies containing New Guinea, Maluku Islands, and numerous others. Java has more than half of the nation’s public. The massive population in the location has led to and eluge in construction happenings and infrastructure improvements there, thus influencing the mandate for the power tools in the vicinity.

Nonetheless, the machine power tools market was effectually shortened by the enhancing economy of the region, absolutely the construction industry along with operative growth in the pre requisite from the industrial and residential division in the corresponding country. For instance, the electric power tools have a momentous share in the whole power tools market around Philippines.

The Electric Power Tools are completely augmented by both local industrialists and construction establishments in the respective region. However, the personalities prefer purchasing from the renowned players when coherent to local industrialists due to the persuasion in quality of items and their prime brand image. Hence, the well-known corporate have conventional share in the power tools market. Additionally, throughout the near years, it is estimated that the market of power tool will increase around the world more gradually over the upcoming years.

For More Information, refer to the below link: –

Global Power Tool Manufacturers

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Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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Positive Increment In Trends Of Fitness Services Market Outlook: Ken Research

The Fitness Service Market has observed strong growth due to the prominent increment in proportion of unwholesome population, the effective growth in health consciousness amongst the adults, effective augment in the disposable income of household, changeable lifestyle and fashion trends, groundbreaking marketing strategies being accepted by the major fitness centers across the country, greater requirement for fitness services by women and the increasing number of dissemination of international brands across the developed as well as underdeveloped region. The market is presently at maturity stage owing to the existence of great number of players prevailing and a fierce competition amongst each other. A foremost under writing aspect to the boost in revenue had been the addition of incorporated fitness services such as, Yoga, Pilates and Swimming, delivered under one roof. Not only has this, the effective increment in the demand for personal training and growing disposable income and several others aspects have accompanied growth. There has been an augment in the amount of gym subscribers and fitness centers which also encouraged the growth of the fitness services market during the recent past years.

Based on the Fitness Service Market Future Outlook, the effective increase in the equipment and capacity spaces in fitness clubs, such as hot yoga studios, tall altitude training rooms, metabolic testing equipment, medical exercise locations, and day spas are obtaining popularity amongst the customers, which is further assisting the market growth. Nice-looking membership fees proposed by fitness clubs, augmenting spending on marketing and announcement, are supporting the health and fitness clubs to create the more revenue.

Dependent on Men Gym Fitness Services Market, the Gym Membership has been the greatest revenue creating stream across Australia with a share of more than half of the entire revenue produced during the recent past years. The cause for membership fee ascendency is that a membership fee is necessary to pay in order to advantage any fitness service suggested by the gym. The revenue created by Personal Training has increased owing to the unremitting growth in the requirement for qualified fitness professionals and documentation courses in the country. Personal Trainers have obtained revenue share of more than one third of the entire Australia Fitness service market size during the recent past years.

Furthermore, globally, improved consumption of insalubrious food and sugar is initiating obesity, which leads to diabetes, heart disease, and high blood pressure. The increment in the awareness among millennials has occasioned in an augment in expenditure on the healthy lifestyle and fitness activities, which is promising them to join the fitness clubs. Not only has this, the Gen X is more expected to be the customer of health clubs than any other demographic, so health clubs are centering to keep this consumer portion engaged, and remaining to underwrite in their gym and health memberships by proposing the personalized service assistances. Due to forceful competition in the market, key players are wearisome to extricate their service offerings by delivering a unique value suggestion and reimbursements to survive in the exceedingly competitive environment, which is promising more people to join fitness and health clubs. Hence, it is predicted that the market of fitness services will increase around the globe more effectively over the upcoming duration.

For More Information, refer to the below link: –

Fitness Industry Major Players

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Profitable Insights of Global Histology and Cytology Market Outlook: Ken Research

 Histology and cytology are the scientific medical specialization that is related with the identification of diseases and other conditions. Histology is the study of the microscopic examination of cells and human tissues, as well as the structure and function. While, cytology is a field of life science that is emphasized with the study of human cells with regards to function, structure, and chemistry. The relevant tests are accomplished by setting the contaminated tissue or cell sample in an electron microscope or a light microscope that permits the scientists to examine the sample microscopic examination. Rise in frequency of cancer, technological development in diagnostic and molecular methods, rising standardization of pathological laboratories and favorable compensation for cancer screening and laboratory tests are some factors accountable for expansion of the market over the forecast amount.

According to the report analysis,’ Global Histology and Cytology Market is valued approximately at USD 12.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.5% over the forecast period 2020-2026.’  there are numerous corporates which recently working more positively for leading the greatest value of the market share and dominating the great value of highest market expansion while reducing the associated values, employing the young workforce, delivering best client satisfaction, improving the specifications of the production technologies, escalating the awareness connected to the applications and advantages of such, executing the profitable and effective policies and strategies, analyzing and studying the competitive policies of competitors and government and improving the applications and specifications of the technologies includes Hologic, Inc., F. Hoffmann-La Roche Ltd., Merck KGaA, Thermo Fisher Scientific, Sysmex Corporation, Trivitron Healthcare, Abbott Laboratories, Becton, Dickinson & Company, Danaher Corporation and Koninklijke Philips N.V. However, safety and diagnostic accuracy problems and lack of awareness among the public for diagnostic tests are some factors expected to hinder the expansion of the market over the forecast period of 2020-2026.

The regional analysis of global Histology and Cytology market for the key regions includes Asia Pacific, North America, Europe, Latin America, and Remainder of the World. North America is the leading country across the globe which holds high market share because of the increasing cancer incidence rate, favorable government reimbursement policies, and the availability of sophisticated healthcare infrastructure in the region. Whereas, Asia-Pacific is additionally predicted to exhibit highest rate of growth over the forecast amount, owing to growing geriatric population, increasing cancer incidence and rise in awareness about cancer screening in the developing countries, like India and China.

Furthermore, quick developments in microscopy and immunohistochemistry are likely to spice up the demand for histology and cytology examinations. These developments embrace virtual microscopy, which is a form of static telepathology. Also, increasing disease burden in developed as well as developing economies is the key factor driving histology & cytology market growth. Moreover, technological advancement in the cell and tissue studies and also wide adoption of cytology tests in cancer detection and screening will render positive impact on the histology & cytology industry growth over the upcoming years.

For More Information, Click on the Link Below:-

Global Histology and Cytology Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Wide-Ranging Insights of Retail or In-Store Survey Outlook: Ken Research

 The Customer comeback is crucial for your retail business. The retail customer experience surveys enables to make hurriedly improvements and address more wide-ranging encounters. These assistances are only enhanced when you utilize a retail customer opinion survey to achieve the input.

Whereas, the industry of retail has undertaken intense transformation through the recent years. The trades have more channels to handpicked from and utilize all of them. Adults are demanding and in pursuit of approachability. Omnichannel is a routine to meet that requirement. The substance of people’s time plus their money counterparts how they decide to engender their purchase. That could be online or it might be in-store.

A Customer satisfaction measurement in the retail sector is an investigation or questionnaire that a retail business pushes to its patrons. A retail customer experience surveys can either investigate customers for comment on their most current shopping observation or on their works with the business in all-purpose. Also, they can be delivered in an assortment of ways, containing via: email, text, social media, or webpage.  

In addition, the Retail audits with Ken Research are scrutiny surveys that are important to how a brand is supposed by purchaser in-store. Such surveys integrate accurate set of interrogations in order to instrument information on a number of aspects including: stock convenience at the retail stores and wholesaler outlets, to illuminate if the products exists at the store are up to date, to determine the demonstration of your product in the retail stores and to patterned if is follows the fortification conventions, to defense that the complementary products are verified along with the foremost products, to observer the volume of sales and sales trends, check the submission of the brands policies, test helpfulness of in-store display and reinforcement practices, monitor pricing, track the in-store position of the corporation’s and competitor’s products and to scrutinize the product monitoring and product brokerage.

Retail audits are convoyed either by staying the store or by engendering an examination over a call. The Regular retail audits can permit corporations to stay ahead of the opposition and assurance maximum ROI. Not only has this, the retail audit is permitted out on a confident amount of retail outlets to measure the productivity, sales trends, sales volume and numerous others of a type or product in the retail outlet. The Technology is one of the prime tools being adjusted by corporates to transfer the retail audit. The technology can be consumed to gather the product information (its features, sales, brand value etc.), evaluate the opposition, receiving real time data and evolving the performance trends.

In addition, the retail audit should be recognized out at real time owed to it delivers a correct image of the events at a retail shop and provisions to carry out remedial or developing procedures at that time. In-store merchandising inaugurates an essential percentage of retail audit. As it is through the nomination of products at a particular place we can strengthening the effectiveness of its lucrativeness, thereby mounting the sales of the unambiguous merchandise.

For More Information, Click on the Link Below:-

Retail Customer Experience Surveys

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Saudi Arabia Logistics Market is driven by Increase in Demand for Oil & Gas Exports majorly by sea and Flourishing Retail and E-Commerce sector due to Changing Consumer Behavior: Ken Research

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Shift towards Non-Oil Sector: Saudi Arabia possesses around 17% of the world’s proven petroleum reserves. The oil and gas sector accounts for about 50% of gross domestic product, and about 70 % of export earnings. Non-oil manufacturing growth is facilitated by the launch of the National Industrial Development and Logistics Program (NIDLP) in Jan 2019 by KSA government who is willing to spent SAR 100 Billion during the 2019-2020 period Aiming to see the Kingdom's non-oil revenue increase from SAR 163 billion in 2016 to SAR1 trillion by 2030

Impact of COVID on logistics Market: There is a shift in Consumer Purchasing Behavior from Traditional Hypermarkets, Supermarkets to Online Shopping for Grocery and Other Items. Company such as Bindawood and The Danube has introduced their own E-commerce platforms for online retailing along with traditional Supermarkets. This is expected to increase the scope and competition in the Last Mile Deliveries. Also, Healthcare logistics is flourishing with the need for more vaccines and Drugs in KSA.

Automation Providing Ease in Business: Saudi Arabian government has launched a Digital Export platform, Regional Platform for Re exports and Branched Distribution System (for Internal & Local Connectivity) that is expected to reduce the logistics cost by 14-27%, Import- Export time by 5 days and 100% customs permit digitization. They have even Introduced Electronic national system for import and export “Fasah” in clearance procedure, enabling companies to track and complete their clearance procedures electronically. Also, Saudi Customs in cooperation with “Tabadul”, “IBM Technical” and “Maersk Shipping Company” implemented Blockchain technology at major seaports to increase efficiency.

Rising Competition in KSA logistics Market: The companies in Saudi Arabia are competing on Price, Clientele, Industries catered, Services Offered, and more to win over their Clients. New Real estate companies and Investors are extending their business with their logistics arms, increasing competition for Existing players in the Market. Several foreign players such as Agility KSA is investing in logistics infrastructure to offer local & global merchants one-stop-shop access and link Saudi infrastructure to Agility’s regional warehousing & transportation network to facilitate trade throughout the region.

The report titled " Competition Benchmarking of Top Logistics Players in KSA in Transportation, Warehousing, 3PL, International Express, Domestic Express, Automotive, Pharma, Oil, and Gas and Retail Logistics”  by Ken Research suggested that  the logistics market is further expected to grow in the near future with trucking and warehousing  aggregators in the business. The companies are constantly updating their Technology with the support of the Government to reduce the congestion and waiting time on seaports and attract more FDI in Non-Oil sectors to remove the dependency on Oil Revenues. The Country is working towards self-reliance and reducing the Imports dependency from Major countries such as China, India and Others.

Key Target Audience: -

3PL Logistics Companies

Integrated Logistics Companies

E-Commerce Companies

Oil & Gas Companies

Retail Companies

Pharmaceutical Companies

Logistics/Supply Chain Industry Associations

Time Period Captured in the Report:

Historical: 2015 to 2019

Future: 2019 to 2025

Companies Mentioned:

Bahri logistics

Saudi Post

NAQEL Express

Kuehne Nagel

Almajdouie logistics

DHL Express

Fedex Express

Al Ayed Transport

SMSA Express

Tamer logistics

BAFCO shipping and Logistics

DB Schenker

Agility

JAS Worldwide

Kanoo Terminal Services

LSC warehousing and logistics

Hala Supply Chain

Namma Cargo

Wared logistics

Al Rashed transport

UPS

Kerry logistics

Mubarrad transport

Hellman logistics

OCSCL Shipping and Logistics

Al karsf

SMT logistics

Saudi Lana logistics

Fourwinds logistics

Takhzeen

NTF cargo

Alpha Cargo

GAC

Platinum Shipping and Logistics

Key Topics Covered in the Report: -

Saudi Arabia logistics Market size by Revenues

Saudi Arabia logistics Market Segmentation By type of Service (Freight Forwarding, warehousing, Courier, Express and parcel Market and Value added services) By Revenues

Market Segmentation by Modes of Freight (Including Domestic and International Cargo travelled for each Mode of freight, FTK travelled, Price per ton per kilometre)

Market size of Warehousing (Revenue, Total warehousing Space Average Occupancy, Revenues, Average Price per sqm per Month)

Warehousing Space by Type of Entity (Real estate companies, Logistics Companies, Captive Companies)

Warehousing Space by Type of Warehouses (Industrial/ Retail, Agricultural, Cold Storages, ICD/CFS)

Courier, Express and Parcel Market (Domestic/ International Revenues, Average Price per Domestic and International Shipments, Total Domestic/ International Shipments)

E commerce logistics Market size in Saudi Arabia

Top Companies dealing in each Service and Sub Service (Land freight, Sea freight, Air freight By Volume, warehousing companies by warehousing Space, Express companies by International/ Domestic Revenues)

Top Companies by revenues dealing in each Vertical (E commerce, Retail, Oil and Gas and Pharma logistics)

Market Share of Logistics Companies in KSA by Service Mix and By Each Industry Verticals

Competition Analysis of Major Logistics Players in KSA by Revenues

Competition Analysis of Major Logistics Players in KSA ( including Volume, Average warehousing Space, Fleets, Average Occupancy rate,  Network, Client Retention, Industries catered, Services offered, Technology, Certifications, Strength)

For More Information On The Research Report, refer to below link: -

Future Of KSA Logistics industry

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Competition Benchmarking in UAE Logistics Market Outlook to 2025: Driven by High Ease of Doing Business, Technology Enhancement and Status of UAE as a Trans-shipment Hub

Saudi Arabia Dry Logistics and Warehousing Market Outlook to 2025 – Warehousing Automation and Investment within Transport Infrastructure to Drive Market Revenue)

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Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Prominent Growth In Medical Devices Market Outlook: Ken Research

The medical devices effectively suggest numerous benefits to the patients by helping the healthcare providers treat and diagnose the patients and banking up the patients in advancing their quality of life. However, smartphones play a momentous role in the healthcare industry. The effective growth in implementation of smartphones globally, growing demand for the wireless & smartphone-compatible medical devices, growing awareness and aim on the health & fitness, and growing requirement for home healthcare are factors anticipated to influence the market growth.

Although, as deaths owing to drug overdose have been growing, a number of regions are announcing strict laws with esteem to the drug consumption; this has provided a push to the market of drug abuse testing devices. To begin with, the traditional samples such as urine and oral fluid were optimized the maximum, however, with duration there has been an alteration towards more appropriate samples such as hair and fingerprint devices which practice sweat as its sample to perceive the drugs that an individual has expended.  As more workplaces and schools are announcing random drug testing practices, the requirement for drug abuse testing devices has been repetitively increasing.

Medical devices market growth analysis states that mergers and acquisitions would help great companies to enlarge into fresh market sectors and industry would observe further consolidation during future. Along with this, the increasing awareness amongst the consumers and initiatives taken by the governments of several regions to curb drug consumption is anticipated to underwrite to further growth in the industry.

The growth of medical equipment industry was maintained by an augment in public healthcare disbursement, growth in healthcare infrastructure across the country and an increase in the ageing populace. The market was witnessed to be in the growth stage and will endure to remain so in the forthcoming years. The requirement for low-cost devices and inexpensive cost per test along with a modification in decision making authority from doctors to hospital supervision has suggestively exaggerated the growth in the market and has transformed the obtaining landscape in the industry.

The medical device market of India will enlarge at the double-digit growth rate in the reviewed duration FY’2019-FY’2023. In vitro device market is projected to account the major revenue share in the industry followed by a patient assistance device market. The import of IVD devices wills completely propels the IVD market while the sale of IVD devices will principally be made via distributors in the subcontinent. POCT and Immuno chemistry will collect highest share in the revenue pie of the IVD device market. The diagnostic imaging market is projected to observe major revenue of the market being arrested by MRI and CT device. The medical device market is projected to observe innovation and improvement of cost effective technologies due to increasing investments and will also observe growth in domestic producing of several forms of devices due to government’s efforts to decrease import bill. In patient aid industry, the orthopedic device will lead the market with maximum revenue market share followed by hospital furniture industry while hearing aid market is projected to realize greater revenue due to technological modernizations in the market. Therefore, in the near years, it is anticipated that the market of medical devices will increase around the globe more effectively over the forthcoming years.

For More Information, refer to the below link: –

Medical Devices Market Competition

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Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249