India Online Meat Delivery Market Outlook to FY2027F: Ken Research

The report titled “India Online Meat Delivery Market outlook to FY2027F - Driven by the assurance of safety and hygiene by the online players, new innovative product categories and doorstep express service” provides an extensive analysis of the Online Meat Delivery Market in India. The report includes various aspects such as, the current meat industry analysis in India, State-wise meat consumption statistics, need & opportunities for the online meat delivery players in India describing the target addressable market, the growth drivers and the supply side challenges faced by the industry.

It also includes detailed explanation of the value chain model which is being followed by major meat delivery players in India, developments, challenges, seasonality trends, current & upcoming technologies facilitating the industry. It gives detailed explanation of investment analysis, competitive scenario including cross comparison between major players, SWOT Analysis, and detailed company profiles of major players including their strength and weaknesses and concluding with analyst recommendations.

Market Overview

More than 70% Indians are Non-Vegetarians and the Meat Market in India is highly Unorganized with only <1% accounting for the organized meat market in FY’22P.

The industry is currently positioned in a nascent stage registering a triple-digit CAGR during the period FY’16 and FY’22P.

Introduction of new and Innovative meat categories by the online players & Increased demand of online meat products in millennials as they become more conscious about quality and hygiene of meat has led to the growth of online meat delivery market in India.

Market Segmentation

By Type of Meat (Chicken, Fish & Seafood, Mutton and Others)

Chicken contributes the most in terms of revenue with respect to the other meat categories as it is relatively cheaper than other forms of meat and it is easily affordable, hence, most consumed. Therefore, its % share is expected to Increase even more by the year FY’27. Licious, TenderCuts and FreshtoHome are major players in online meat delivery segment in India.

By Type of Products (Ready to Eat & Ready to Cook and Do it Yourself)

The online meat delivery companies are aiming to become one stop solution for all the meat products. The companies are now focusing more on the Ready to Eat (RTE) and Ready to Cook (RTC) categories. Ready-to-Eat meat and poultry products are the products that are safe to eat without additional preparation, although they may receive additional preparation (for example, reheating) for a better taste or appearance. The fast-paced lifestyle changes and the evolving needs of the customer have pushed the demand for – RTC, RTE.

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By Nature of Storage (Fresh and Frozen)

Fresh Meats are delivered hygienically through a unique end-to-end cold chain supply that ensures consistent freshness from farm to consumer without freezing or exposing meats to any preservatives or water. Fresh Meat contributes for about 95% of the overall online meat delivery market.

By Region (Metro & Tier I cities, Tier II and below)

Major Online Meat delivery companies expands to Metro & Tier I cities primarily as these cities have higher Internet Penetration, Working Population and Technology Awareness as compared to Tier II and below cities.

By Nature of Players (Meat Specialists and Generalists)

Meat specialists capture >80% of the market. Meat delivery requires supply chains to be redesigned according to geography and category of products – which can only be done by Meat Specialists – the ones who specially deals in meat delivery. Therefore, generalists have a disadvantage that meat is not their focus point.

Competitive Landscape

The industry is moderately concentrated with presence of 10-12 players operating in the online meat delivery market. Quality of meat, Price, Discounts & Offers, Return Policy, Ease of Payment have been major factors influencing customer behavior. The major players include Licious, TenderCuts and FreshtoHome. Companies with large product assortment, assurance of freshness & quality of meat, wide regional presence and express delivery are identified as clear leaders in the industry.

Impact of COVID-19

The demand for online Meat is rising many folds after Covid-19 outbreak, as people have become more conscious about safety and hygiene of products, especially for meat. Here, the online Meat delivery Players have an advantage that they have to abide by the stringent safety and hygiene Laws and Guidelines from FSSAI, hence, people are building the trust of quality on the online players. In addition to that, the online players source the meat directly from farm and conducts 100-150 quality checks to be assured that only the best quality products are delivered to the consumer.

Future Outlook and Projection

In the near future it is anticipated that the demand will grow at a double digit CAGR on the basis of revenue between FY2022P and FY2027F. Drone Technology, Voice Ordering, Processing Centre Automation and Innovative Product Category is anticipated to drive the Online Meat Delivery Market in future. Demand Prediction and Customer Behaviour Analysis is crucial to ensure sufficient availability of meat products and to ensure minimum spoilage of these products.

Key Segments Covered:-

By Type of Meat

Chicken

Fish & Seafood

Mutton

Others (Pork, Eggs, etc.)

By Type of Product

RTC & RTE (Ready to Cook & Ready to Eat)

DIY (Do It Yourself)

By Nature of Storage

Fresh

Frozen

By Region

Metro & Tier I

Tier II and below

By Nature of Players

Meat Specialists

Generalists

Companies Covered:-

Licious

FreshtoHome

TenderCuts

Zappfresh

Fipola

Meatigo

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Key Target Audience:-

Online Meat Delivery Companies

Aggregator Companies

E-commerce Companies

Private Equity and Venture Capitalist Firms

Time Period Captured in the Report: -

Historical Period: FY2016–FY2022P

Forecast Period: FY2022P-FY2027F

Key Topics Covered in the Report:-

How is the Online Meat Delivery Market positioned in India?

India Online Meat Delivery Market Flowchart

India – Meat Consumption Statistics

Comparison of buying meat from Local Shops V/S Online Meat Delivery Platforms

Target Addressable Audience for the market

Supply Ecosystem and Challenges

Demand Scenario, Target Customer and Factor Influencing Consumer Behavior

Value Chain Model

SWOT Analysis

Current Technologies Facilitating Online Meat Delivery Industry

Upcoming Technologies in Online Meat Delivery Industry

Investment and Funding in Online Meat Delivery Companies in India

Competitive Landscape – Cross Comparison of Major Players

Company Profiles

Case study & Analyst Recommendations

Research Methodology

For More Information, refer to below links:-

India Online Meat Delivery Industry

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Market Research In United States

Everyone internationally believe that United States is one of the world’s strongest economies led by the policies which allow the freedom to private segments to underwrite to economic decisions made by the government and set different directions for the optimum utilization of the resources. A strength of the United States lies in its rich mineral resources and fertile farm soil and coastlines on both Atlantic and Pacific Oceans makes it robust in trade. The United States has been well-known as the world’s largest financial markets and the third greatest producers of the oil and natural gas.

The Market Research Industry United States predict that US Agrochemical market developed at a limited growth rate over the review duration of 2013-2019 and was further determined by shift towards new, proprietary premixes & formulations entailing more than one active ingredient. Throughout 2017, total number of farms in the US were appraised at 2.04 million along with a land area of 900.0 million acres. The significant growth in demand for crop protection chemicals owing to frequent outbreaks of pest attacks on crops, resulted in heavy losses expressly during monsoon.

Not only has this, the Market Research Corporate in United States anticipate that the productivity per acre has developed steadily owing to more effective / efficient farming technologies, involving the greater mechanization techniques applied to land and water management, enhanced methods of land preparation, planting, crop protection, harvesting, and storage. As a result of which, New food processing, producing, and packaging techniques have resulted in a flourishing F&B sector thus, delivering a boost to crop protection pesticides for agricultural products such as food grains, oilseeds, vegetables and fruits, which, in turn, is propelling the agrochemicals market growth. Also, entries of countless foreign players have also underwritten towards the same coupled with growing usage of Bio pesticides across the United States.

Not only has this, at Ken Research, the Market Research Reports in United States concludes with the market projections for future described and analyst recommendations highlighting the key opportunities and cautions for the US market. Furthermore, the United States B2B Market Research Reports analyses the product from its planning stage to its establishment in the market. It begins with a feasibility study which assists in understanding the present pain points & current requirement while defining how such platforms can tackle the issue. From there it moves to product positioning strategies delivering the different ways of product proposing, their features & evolving service portfolio & also promotion strategies aiming on implementation of such a platform with future adopters & other services to aim upon. Towards the end, it also delivers a brief idea about pricing & business model which comprises dissimilar monetization model & pricing policies.

Whereas, the digital advertising market has experienced exponential growth over the last few years. The inadequacies of traditional advertising mediums involving the lack of traceability and targeting have stimulated the change towards digital advertising mediums. The growing internet and smart phone penetration in the country as well as the speedy adoption of social media in the country among all age-groups have been the primary aspects propelling the dependable double-digit growth of the digital advertising industry in the country.

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United States B2B Market Research Reports

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Furniture Market Research Reports Concludes With Market Projection for Future and Analyst Recommendations: Ken Research

Furniture is utilized in laboratories, spas, offices, clean rooms, restaurants, camping, bedroom, outdoor, library, parks, and stores. Most furniture is produced using a variety of materials and is accessible in different designs. Furniture are movable items such as chairs, beds, cupboards, tables, shelves, or in form of decorative art utilized at several places. Furniture offers dissimilar solutions such as sleeping, dining, seating, and storage function. In commercial spaces, furniture plays an imperative role in seating arrangements and document storage. Contingent on end use, furniture designs can be modified through machine-based procedures and handcrafting.

The positive growth in number of small-size houses has motivated the multi-functional furniture, which has facilitated for extra stowage. It was witnessed that there is augmenting the utilization of extra home spaces for an office which has led to a requirement for office furniture. The office furniture market is highly fragmented, due to multiple vendors in both international and regional players. Booming real estate industry in the present scenario propels the global home furniture market. In addition, the speedy increment in disposable income has propelled individuals to spend more on comfortable lifestyle, which, in turn, is estimated to provide growth opportunities for the global home furniture market. Low-cost furniture producers such as China and Vietnam are also projected to drive growth of the Hospital furniture market. However, scarcity of skilled labor, better transportation facilities, and infrastructure facilities functions as a hindrance for the global furniture market.

Based on the furniture market research reports, Asia Pacific furniture market size generated USD xx billion during the recent past years impelled by the expansion of the hospitality and real estate sectors coupled with growing disposable incomes, specifically in urban locations. However, the abundance of low cost & skilled workforce allows Asian countries to retail their products in the international market at very competitive costs. Population growth, environmental impressions, and urbanization have surged the requirement for smart & sustainable infrastructure solutions. The effective growth in building & construction spending owing to the growing per-capita disposable income along with improved infrastructure in APAC will augment the product requirement.

The market is driven by several factors such as growth in disposable incomes, growth of real estate and hospitality industries, and requirement for luxury and premium furniture from certain consumer sections. In addition, Furniture Market Research Reports Consulting estimate that the emerging new species of wood tree for furniture manufacturing and marketing through internet are some of the aspects that are expected to underwrite toward growth of the market around the globe. In addition, growth in government investments in infrastructural development booms up the furniture market requirement in the residential and commercial sector in the future. Integration of internet of things into furniture products is anticipated to further intensify the market growth.

Development in the manufacturing technology has substantially decreased the cost of furniture, which propels the use of furniture products. Augment in the global economy has augmented the spending capacity of the customers, which, in turn, has impelled the sale of branded furniture items in the market. Not only has this, the development of automated manufacturing system is projected to have a significant impression on the furniture industry during the forecast period.

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Malaysia Cold Chain Market Research Report Size, Share, Demand, Growth, Segmentation, Trends, Covid-19 Impact, Future Outlook, and Major Players: Ken Research

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The report titled “Malaysia Cold Chain Market Outlook To 2026 - Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth “provides a comprehensive analysis on the Cold Chain Market in Malaysia. The report covers various aspects including overview and market size, market segmentation, stakeholders, value chain analysis, major players, competitive landscape, operating and profitability model, end-user potential in the cold chain industry and many other influential factors. The report concludes with market projections and analyst recommendations highlighting the major opportunities and cautions for the cold chain market players.

Malaysia Cold Chain Market Overview and Size

The cold chain market in Malaysia is at the growth stage. There are not many providers that offer cold chain service for the Malaysian market and it is considered a niche market. Malaysia has established itself as the halal industry hub, making it one of the major trading partners of halal meat and other products. In the review period 2016-2021P, the Malaysia cold chain market has increased at a positive CAGR of 6.9% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, fruits/vegetables market, and the growing pharmaceuticals industry.

Malaysia Cold Chain Market Overview Segmentation

Cold Warehousing

The cold storage market is dominating the market and contributing majority revenue share to the cold chain industry. Most of the cold storage warehouses are located in free-zones. Malaysian Free Trade Zones are equipped with different incentives and focuses. They facilitate customs processing as well as provide bonded warehousing for transhipment. The relatively higher growth in cold warehousing as compared to cold transportation can be attributed to setting up of new facilities in Free Zone Areas by the companies in the industry. This is because they prefer investing in cold warehouses, since it is a more secure long-term asset, despite the heavy investment costs it requires. Seasonal surge in demand is seen especially during the Ramadan festival. 

 

Cold Transportation

The industry caters to the distribution of food and pharma domestically and internationally via land, sea and air. Some of the key growth drivers include increasing domestic production of perishables and growing end users in emerging markets. The revenue generation from international freight is higher than the revenue generated from transportation of goods within the country as the distance covered plays a major role in determining the revenue generated. Since, Malaysia is actively involved exports of certain F&B products, the international freight revenue generation is higher than domestic freight.

By End-User Application (Meat and Seafood, Dairy Products, Pharmaceuticals, Fruits and Vegetables and Others): Meat and seafood is the largest end user industry in Malaysia. In 2021, the demand for frozen meat slightly declined in Malaysia as people preferred fruits and vegetables as the healthier alternative after Covid-19. The pharmaceutical industry saw a boost post the onset of the pandemic and the consumption of fruits and vegetables increased due to growing health concerns in the country.

Malaysia Cold Warehousing Market Segmentations:

By Temperature Range (Ambient, Chilled and Frozen): Chillers and freezers were quite high in demand in the year 2021P given the increase in the consumption of frozen and fresh food items. Since most of the halal products require storage in the freezers, there is highest demand for freezers in Malaysia, followed by chillers in which fresh food products are stored.

By Ownership (Integrated and Contract Warehouses): Integrated logistic facilities generated larger revenue share in 2021P. This is majorly as most of the warehouses (especially the big players) are able to store/ accommodate their clientele's products within their owned warehouses. These mergers of small players with big cold chain players are leading to the establishment of a bigger player thus eliminating the need of outsourcing (4PL). More small cold companies are expected to merge with bigger players increasing the share of integrated logistics.

Malaysia Cold Transportation Market Segmentations:

By Mode of Transport (Land, Sea and Air): Mostly land transport is used for cold transportation.  Cold transportation through land contributed the highest revenue to the cold transport industry as land transportation is used not only for domestically transporting goods internally within the country but also used for transporting goods to the neighbouring countries of Malaysia such as Singapore, Thailand, Lao PDR, Cambodia, and Vietnam. Air freight is not widely used to transport goods across the country. Only in rare cases of delivering life-saving drugs or essential goods, air transportation is usually used. Otherwise, air transport is mainly used for international freight forwarding.

By Type of Freight (Domestic and International): The revenue generation from international freight is higher than the revenue generated from transportation of goods within the country as the distance covered plays a major role in determining the revenue generated. Since, Malaysia is actively involved exports of certain F&B products, the international freight revenue generation is higher than domestic freight.

Competitive Landscape

Competition in Malaysia Cold Storage Market is moderately consolidated with ~4 large companies acquiring chunks of market share. The market is highly concentrated in the free zones. The developed transport infrastructure in these regions along with the proximity to the sea and air ports has been the key factors leading to the growth of the cold chain businesses in these areas. The cold chain companies in the country compete on a host of parameters such as price, quality of service, technological advancement, key clientele, location, industry expertise, etc. Major players in the cold chain market include TASCO Cold Chain, Integrated Cold Chain Logistics, Frio Logistics, NL Cold Chain and others.

Malaysia Cold Chain Market Future Outlook and Projections

The Cold Chain market in Malaysia is expected to experience moderate level of growth at a single digit CAGR in terms of revenue during the period 2021P-2026F. The Cold Chain market in Malaysia is expected to experience positive growth owing to the increase in demand for perishable food items, increase in e-commerce and government’s initiatives to improve the logistics infrastructure in the country as part of Malaysia’s ‘National Transport Policy’. Moreover, the operational efficiency in Malaysia cold chain market over the forecast period 2021P-2026F is to improve with the increasing adoption of warehouse automation technologies such as RFID, AS/AR, WMS, AMR and others.

Key Segments Covered

By Type of Market

• Overall Cold Chain Market

• By End-User Application
• Meat/seafood
• Dairy products
• Pharmaceuticals
• Vegetables/fruits
• Others

• Cold Storage

• By Temperature
• Ambient
• Chilled
• Frozen
• By Ownership
• Integrated
• Contract

• Cold Transport

• By Mode of Freight
• Land
• Sea
• Air

• By Type of Freight
• Domestic
• International

• By Type of Air Freight
• Domestic
• International

• By Type of Land Freight
• Domestic
• International

• By Type of Sea Freight
• Domestic
• International

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Key Target Audience

• Cold Chain Companies
• Logistics Companies
• Government Associations
• Express Logistics Companies
• Industry Associations
• Warehousing Companies
• E-Commerce Operations
• Investors and Private Equity Companies
• Logistics Companies
• Dairy Companies
• Meat and Seafood Companies
• Fruits and Vegetables Companies
• Pharmaceutical Companies

Time Period Captured in the Report

• Historical Period: 2016-2021P
• Forecast Period: 2021P-2026F 

Companies Covered

• Tiong Nam Logistics
• IGLO
• SK Cold Chain
• NL Cold Chain
• TASCO Cold Chain
• Frio Logistics
• Integrated Cold Chain Logistics

Key Topics Covered in the Report

• Malaysia Cold Chain Market Overview
• Infrastructure Analysis
• Existing and Emerging Technologies
• Malaysia Cold Chain Market Value Chain
• Malaysia Cold Chain Market Size by Revenue, 2016-2021P
• Malaysia Cold Chain Market Segmentation and Segment Future, 2021P-2026F
• End User Industry Analysis and Future Growth Potential
• Malaysia Cold Chain Market Competitive Landscape
• Malaysia Cold Chain Market Company Profiles of Major Players
• Regulatory Environment
• Industry Trends and Developments
• Industry Issues and Challenges
• Analyst Recommendation
• Malaysia Cold Chain Market Future Outlook and Projections, 2021P-2026F
• Malaysia Cold Chain Market Analyst Recommendations

For more information on the research report, refer to below link:

Malaysia Cold Chain Market Research Report

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Increase In Cases Of Morbid Obesity At Global Level Is Key Aspect That Drives The Laparoscopic Devices Market Growth: Ken Research

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A laparoscope encompasses a long, thin tube with the high intensity light along with high resolution camera in front. The camera communicates images to monitor as it travels through the abdomen. Laparoscopy is utilized for diagnosis as well as treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids. Laparoscopy devices are routinely utilized in diagnosis as well as in therapeutic procedures of several diseases such as prostatectomy, pancreatic cancer, and gastrointestinal disorders. Usage of these devices in surgical procedures confirm minimal bleeding and help in maintaining hemostasis. Laparoscopy devices are favored by surgeons as well as physicians, due to high level of precision proposed by such devices in surgeries.

According to the report analysis, ‘2021-2027 Global and Regional Laparoscopic Devices Industry Status and Prospects Professional Market Research Report Standard Version’ states that key players in laparoscopic devices market comprise Ethicon Endo-Surgery, Olympus, Medtronic(Covidien ), Stryker, Smith & Nephew, Karl Storz, Boston Scientific, Richard Wolf, Aesculap(B. Braun), Intuitive Surgical, Apollo Endosurgery (Allergan), and Tiansong, etc. Ethicon Endo-Surgery, Olympus, and Medtronic(Covidien) are the dominators of the laparoscopic devices industry at the moment. These companies are actively working in the global and regional laparoscopic devices market more proficiently for keep maintaining the governing position, leading the highest market growth, registering the great value of market share, obtaining the competitive edge and generating the highest percentage of revenue by spreading the awareness connected to the applications and advantages of laparoscopic devices, establishing the several research and development programs, increasing the features and benefits of laparoscopic devices, implementing the policies of profit making and strategies of expansion, delivering the better customer satisfaction, decreasing the associated prices of such, analysing the strategies and policies of government as well as contenders, and analysing the strategies and policies of government as well as contenders.

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On the basis of types, the Global laparoscopic devices market is classified into Camera-Monitoring System, CO2 Insufflators System, and Mechanical Operation System. On the basis of applications, the global laparoscopic devices market is categorized into General Surgery, Urological Surgery, Bariatric Surgery, Gynecological Surgery and Colorectal Surgery.

However, the market for the laparoscopic device is predicted to rebound and develop over the forecast duration, as most countries across the world have begun easing lockdown measures and resumed some of the elective processes. Key players are planning to enlarge their businesses regionally and produce new warehouses in other locations, as well as run their functions through several channels in the worst-affected areas. Companies are utilizing a variety of tactics to deal with supply chain disruptions, involving the rerouting logistics, sourcing from extra partners, and air freight delivery. Local producers have also benefited from the pandemic. These aspects are expected to generate the lucrative opportunities for market growth.

The Global Laparoscopic Devices Market has observed increased requirement in recent years, due to growing physician and patient preference for laparoscopic processes. An augment in the number of patients suffering from the gall bladder problems, crohn’s diseases, ulcerative colitis, diverticulitis, and obesity is also propelling the growth of the market.

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Global Laparoscopic Devices Market Research Report

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Global Tissue Sealants Market Is Predicted To Propel Owing To Increasing Cardiovascular And Orthopedic Procedures: Ken Research

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According to the Global Tissue Sealants Market report analysis, ‘Global Tissue Sealants Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Advanced Medical Solutions Group, Baxter International, C. R. Bard, Cryolife, CSL Behring, Integra LifeSciences, Johnson & Johnson, B. Braun, Cardinal Health, Cohera Medical, Haemacure, HyperBranch Medical Technology, NeoMend, Smith & Nephew, Teijin Pharma, Tissuemed, Vascular Solutions, Vivostat, Z-Medica and many more are the key companies which presently working in the global tissue sealants market more proficiently for keep maintaining the government position, leading the highest market growth, obtaining the competitive edge, registering the great value of market share, and generating the highest percentage of revenue by spreading the awareness connected to the applications and advantages of tissue sealants, increasing the features and benefits of tissue sealants, analysing the strategies and policies of government as well as contenders, decreasing the associated prices of such, delivering the better customer satisfaction, establishing the several research and development programs, implementing the policies of profit making and strategies of expansion, and improving the qualitative and quantitative measures of such.

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The growing awareness about the tissue sealants, advantages and applications of tissue sealants, an augment in R&D investments in developing novel tissue sealants are also influencing the growth of the global tissue sealants market. They propose the advantages, such as minimal blood loss, better closure, and easy and fewer painful operation without the requirement for removal. However, stringent regulatory scenario and high cost of the products acts as key restraints of the tissue sealants market.

North America controls a leading position in the Tissue Sealants market throughout the forecast period due to the augment in per capita health expenditures, the innovations in the healthcare infrastructure, augment in the number of bone injuries and sports injuries, and growth in number of hip and knee replacement surgeries across the United States have led to a swift growth of the global tissue sealants market. Over the time, Asia Pacific is projected to witness profitable progress owing to the existence of untapped medical requirement of the patient population of this region, and swiftly enhancing the healthcare infrastructure in the emerging economies of India and China.

The effective growth in cardiovascular and orthopedic procedures worldwide is projected to fuel the global tissue glue and bio-adhesive sealants market revenue growth over the forecast duration. The positive increment in disposable income coupled with ease of admittance of new surgical adhesives and sealants amongst end users is a key factor for rise in such procedures around the globe. A portion of the essential components propelling the development of this market are the enlarging number of surgical procedures over the world.

The effective growth in maturing populace, augmenting the number of chronic diseases, and growing concerns for blood loss throughout surgeries globally is further going to spur market revenue growth over the review period. Therefore, it is predicted that during the review period the market of tissue sealants will grow more proficiently.

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Global Tissue Sealants Market Research Report

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COVID Impact on Malaysia Medical Tourism Market: Ken Research

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Medical tourism can be well-defined as an organized travel around the international borders to prevail the medical treatment of some form, which may or may not be prevalent in the travellers’ home country. Medical tourists travel around the international borders for the maintenance, improvement, or restoration of their health through economical healthcare facilities & treatments prevalent in other countries, which are comparatively luxurious in their own country. Medical tourists travel to receive the medical treatments such as dental treatment, neurological treatment, and cardiovascular treatment.

According to the report analysis, ‘Malaysia Medical Tourism Industry Outlook to 2015’ states that Malaysia is poised to accomplish the growth during the future in the medical tourism sector with mounting popularity of economical quality healthcare treatments, growing healthcare costs in urban nations and heartening experience of several exotic locations.

Affordability and convenience of high-quality healthcare services and assistance from tourism departments and local governments are the foremost factors that propel the growth of the Malaysia medical tourism market. In addition, obtainability of latest medical technologies in medical tourism hubs, throughout the region, is projected to propel the market growth. However, lengthy, partial reimbursement by payers and difficulties linked with travel, language barriers, obtainability of documentation, and VISA approval issues hinder the growth of the medical tourism market. On the contrary, broader hospital network under insurance coverage for cashless transactions is projected to serve as an opportunity for the enlargement of the Malaysia medical tourism market.

The factors linked with the growth of the market involve the higher treatment costs in developed countries, accessibility of the latest medical technologies, augmenting the compliance with international quality standards, high superiority of service, health insurance portability, and advertising and marketing of the medical tourism.

The Malaysia region presently dominates the medical tourism market and it is projected to continue its stronghold for a few more years. This region is anticipated to augment its market share in the future, due to the raised preference for medical tourism around the country.

Not only has this, effective growth in technological innovations in the healthcare industry in the terms of medical devices, surgical processes, connected healthcare, wearables and many more have brought the world closer to implementing the better medical amenities for the value-based care.

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 The availability of additional advantages involving better healthcare, latest technologies, innovative medicines, modern devices, improved hospitality, and customized care are some of the drivers of this market. The market is projected to grow at a speedy rate over the forecast duration. Factors influencing market growth entail inadequate insurance benefits and no healthcare insurance in the local market. In addition, growing demand for procedures, which are not covered by insurance such as gender reassignment functions, fertility treatment, dental reconstruction, and cosmetic surgery is also propelling the market. Therefore, it is predicted that during the neat period the market of medical tourism will augment more proficiently over the review period.

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Malaysia Medical Tourism Market Revenue Share

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