Global Medical Tubing Market Expected to Reach Market Size of US$ 21 billion by 2028: Ken Research

 Buy Now

Medical tubing is designed for a variety of medical or pharmaceutical-related applications that allows clinicians to administer devices and fluid or liquid and gas flow. Medical tubes are made from different materials such as polyvinyl chloride (PVC), silicon, polyethylene, and others and are available in a variety of shapes and sizes to meet the demand for medical tubing in various applications.

The type of material used to manufacture medical tubing plays an important role as incompatibility of material can lead to chemical alteration of medicines or drugs, binding of chemical or drug delivery to the patient, and other serious issues. Medical tubing has become the most supportive apparatus in the modern medical and healthcare industry.

According to Ken Research Analysis, the Global Medical Tubing Market is expected to record a positive CAGR of ~11% during the forecast period (2022-2028) and is expected to reach nearly US$ 21 billion by 2028, owing to an increase in advancement in drug delivery system along with the rising prevalence of various diseases such as cardiovascular, respiratory, and other diseases.

The growing demand for minimally invasive procedures and the rising prevalence of diseases are some of the factors driving the market growth.

• The increasing demand for minimally invasive medical procedures over conventional surgical procedures, as these ensure benefits like low cost, quick recovery time, and lesser duration of hospital stays, is likely to boost the demand for the medical tubing market globally.
• The rising cases of various diseases including respiratory disease, cardiovascular diseases, digestive disorders, and others increase the demand for medical tubing as it requires complex surgeries, which is expected to aid the growth of the global medical tubing market.

The global medical tubing market faces challenges due to significant investments and delays in regulatory approvals for medical tubing.

• The requirement of high investment for manufacturing medical tubing and intensive research and development process along with stringent regulation on medical tubing and delay in regulatory approvals is the most significant barrier to the growth of the global medical tubing industry.

The COVID-19 pandemic positively impacted the medical tubing market as the demand for equipment with tubing apparatus including infusion pumps, ventilators, and others increased along with the high prevalence of COVID-19 illness, which affected the lungs and other respiratory problems and significantly boosted the demand for medical tubing. In September 2020, according to World Health Organization (WHO), more than 32.7 million COVID-19 cases and 991,000 deaths had been reported.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIx

Key Trends by Market Segment

By Material:  Polyvinyl Chloride (PVC) segment held the largest share of the Global Medical Tubing Market in 2021, owing to its wide usage with several medical devices as PVC is inert, non-toxic, versatile, and easy to manufacture.

• PVC medical tubes are comparatively more flexible and can be sterilized using the ethylene oxide sterilization method or using irradiation.

According to PVCMed Alliance, PVC offers excellent chemical resistance, durability, affordability, and low maintenance cost and is known as the most versatile material. In addition, one of the main applications of medically approved PVC is flexible medical tubing.

By Structure:  Single-lumen segment held the largest share of the Global Medical Tubing Market in 2021, attributed to the wide application of single-lumen structures of medical tubing in drainage catheters, intravenous lines (IV), urology, delivery of anesthesia, and others.

• Single-lumen medical tubing is best for decompression. An increase in research on the use of single-lumen tubing in medical cases is anticipated to propel the growth of the segment in the market.
• In January 2021, according to National Center for Biotechnology Information (NCBI), a research study showed that usage of a single lumen tube (SLT) along with extraluminal bronchial blockers is a convenient option for fiber optic bronchoscope examination, sputum suction, and management of one-lung ventilation (OLV) in severe tracheal stenosis cases.

By Application: The bulk disposable tubing segment held the largest share of the Global Medical Tubing Market in 2021, due to increased focus on the prevention of the spread of infection from one patient to another.

• The demand for bulk disposable tubing suddenly increased during the COVID-19 pandemic to decrease the risk of infection by using disposable products including medical tubing.
• In November 2020, Olympus launched single-use Procedure Kits and Hybrid Tubing. The new product launch aimed to offer products that reduce the chances of cross-contamination and prevent infection in patients.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIx

By End-User: The hospital segment accounted for the largest share of the Global Medical Tubing Market in 2021, owing to the accessibility of the latest equipment and increasing cases of cardiovascular, respiratory, and digestive diseases, and other diseases.

• In April 2020, hospitals and governments raised the alarm regarding the shortage of ventilators due to the widespread use of breathing machines for COVID-19 patients. The COVID-19 patients were on respiratory support and the lack of ventilators has increased its demand along with medical tubing to offer them proper patient care.

By Geography: North American region accounted for the largest share of the Global Medical Tubing Market in 2021, due to the presence of a large number of medical tubing manufacturers in the region along with the increase in the geriatric population, especially in the USA and Canada.

• An increase in government expenditure for developing and upgrading healthcare infrastructure is anticipated to augment the growth of the region in the market.
• In July 2022, DuPont opened a new biopharma tubing manufacturing site named DuPont Liveo Healthcare in the USA. The company aims to cater to the rising healthcare demand of the end-users in the country.

Asia-Pacific is the fastest-growing region in the Global Medical Tubing Market due to the rising prevalence of diseases such as chronic diseases, urological ailments, gastrointestinal diseases, and others along with the increase in healthcare expenditure and growing popularity of minimally invasive treatments.

Competitive Landscape

The medical tubing market is highly competitive with ~250 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in medical tubing.

Regional players comprise ~40% of the total competitors and also hold the largest share of market revenues, while the global players hold the second largest share of the market revenues. Some of the major players in the market include Compagnie de Saint-Gobain S.A., Teleflex Incorporated, Optinova, Zeus Company Inc., The Lubrizol Corporation, Nordson Corporation, Putnam Plastics, RAUMEDIC AG, Tekni-Plex, Inc., and Smith Group plc. among others.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIx

The leading global medical tubing companies such as Compagnie de Saint-Gobain S.A., Nordson Corporation, Teleflex Incorporated, and Tekni-Plex, Inc. are highly focused on inorganic strategies including acquisition, partnerships, and others to hold their position in the market.

Key Topics Covered in the Report

• Snapshot of the Global Medical Tubing Market
• Industry Value Chain and Ecosystem Analysis of the Medical Tubing Market
• Market size and Segmentation of the Global Medical Tubing Market
• Historic Growth of the Overall Global Medical Tubing Market and Segments
• Competition Scenario of the Medical Tubing Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Medical Tubing Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Medical Tubing Market
• Future Market Forecast and Growth Rates of the Global Medical Tubing Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Medical Tubing Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Medical Tubing Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

• Compagnie de Saint-Gobain S.A.
• Teleflex Incorporated
• Optinova
• Zeus Company Inc.
• The Lubrizol Corporation
• Nordson Corporation
• Putnam Plastics
• RAUMEDIC AG
• Tekni-Plex, Inc.
• Smith Group plc.

Notable Emerging Companies Mentioned in the Report

• Freudenberg Medical
• Braun Medical Inc.
• Spectrum Plastics Group
• Bentec Medical
• Trelleborg AB

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Pharmaceutical Manufacturers
• Medical Device Manufacturers
• Pharmaceutical Suppliers
• Medical Device Suppliers
• Medical Tubing Manufacturers
• Medical Tubing Distributors
• Pharmaceutical Associations
• Healthcare Products Regulatory Bodies
• Ministries and Departments of Healthcare
• Healthcare Investors
• Pharmaceutical Logistics Service Providers
• Potential Investors in Medical Tubing Companies
• Medical Tubing R&D Companies
• Raw Material Suppliers for Medical Tubing Companies

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global Medical Tubing Market

Global IoT Microcontroller Market Projected to Reach Market Size of US$ 6 billion by 2028: Ken Research

 Buy Now

A microcontroller unit (MCU) is a compact, self-contained computer that comprises a single integrated circuit, or a microchip. Internet Of Things (IoT) Microcontrollers are designed to perform specific functions and can be integrated with most other devices ranging from industrial equipment, warehouse inventory items, and wearables devices, to home appliances, and others.

IoT Microcontrollers are used in a wide array of systems and devices. Devices often utilize multiple microcontrollers integrated within them to handle their respective tasks. According to Ken Research analysis, the IoT Microcontroller Market was valued at US$ 2 bn in 2017. It is estimated to reach a market size of ~US$ 3 bn by 2022 and is projected to reach ~US$ 6 bn by 2028. It is expected to record a CAGR of ~12% during the forecast period, due to the increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products.

Development of internet connectivity and IT infrastructure in technologically developing economies and microcontroller unit miniaturization is expected to lead to the growth of the IoT Microcontroller Market during the forecast period.

• The increasing demand for low-cost, smart wireless sensor networks and the development of IT infrastructure in technologically developing countries are anticipated to have a major impact on market growth. Further, the growing number of IoT connections and increasing demand for low-power, energy-efficient connected products are other salient factors boosting its demand and growth.
• Moreover, the growing popularity of IoT is expected to provide a significant boost to the market in the near future. In the current scenario, IoT has witnessed a wide range of applications including industrial automation, smart appliances, smart grids, and smart cities, which is anticipated to fuel the market growth significantly during the forecast period. In addition, the rising popularity of fitness apps and increasing awareness about physical fitness in emerging countries such as; India, China, and Indonesia are likely to drive the adoption of wearable technology, thereby expanding the IoT market size during the forecast period.

Manufacturers’ failure in establishing advanced IoT microcontrollers and the high-power consumption and energy efficiency of IoT devices creates challenges for the growth of the IoT Microcontroller Market.

• The manufacturers of IoT microcontrollers engage in extensive research and innovation to develop advanced systems. However, the substantial research and innovation costs associated with the IoT microcontroller development include its integration with the changing structural landscape of IoT devices.
• The IoT market is flourishing, and as a result, the majority of enterprises are approaching the IoT microcontroller market. However, the industry faces significant challenges in profitability and establishing new technology in the market. In addition, a considerable number of startups in the sector are projected to enter the market, increasing the competition.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDI4

COVID-19 facilitated growth in electronic equipment due to remote work. The COVID-19 pandemic witnessed a boost in remote working electronic equipment, which shifted the focus of semiconductor manufacturing units to produce more equipment for the same.

This turned the focus from other vital industries to count on microcontrollers and semiconductor chips, like automotive and industrial automation. However, the disruption in the supply chain and shortage of semiconductor chips posed challenges. The IoT industry is changing rapidly the supply chain allocation to revive the companies affected by COVID-19.

Key Trends by Market Segment

By Product: 32-bits segment dominated the IoT Microcontroller by product segment in 2021 and is also expected to maintain its dominance during the forecast period.

• 32-bits microcontrollers are capable of handling arithmetic operations of 32-bit values and thus it is faster as compared to other microcontrollers such as 8-bits and 16-bits. Moreover, a 32-bit microcontroller takes fewer instruction cycles to execute a function due to its wider data bus. Thus, companies have been persistent, launching 32-bit microcontrollers owing to the rising IoT requirements.
• 32-bit microcontrollers process multiple devices simultaneously which is efficient and is extensively used in factory automation, grid infrastructure, and building automation applications.

By Application: Smart Homes segment accounted for the majority share of the Global IoT Microcontroller Market by application in 2021 and is also expected to showcase the highest growth rate during the forecast period (2022-2028).

• The tech-enabled applications are increasing and provide numerous opportunities for businesses, and IoT for smart homes. The integration of IoT in smart homes has enabled easy control and monitoring, enhanced security, efficiency, cost and energy saving, and comfortable living.
• The IoT extensively improves the capability to control and cover all of the home's processes. Apart from lowering bills, energy savings help to reduce the negative impact on the environment. Thus, the smart homes application has the utmost use of IoT technology, creating a high demand for IoT microcontrollers.

By End-user: The automotive segment held the largest market share in Global IoT Microcontroller Market in 2021.

• The introduction of new technologies in the automotive industry has encouraged the involvement of semiconductors and microcontrollers. According to IEEE Explore, an average of more than 50 microcontroller units (MCUs) are used in vehicles. The addition of connected tech, AI, self-driving, and other IoT services has created enormous demand for the deployment of MCUs.
• Autonomous vehicles and sensor-driven safety features like automatic brakes, collision avoidance systems, and others, are the factors driving the future of automobiles, incorporating MCUs. The MCUs covering sensors related to each function offer original computing followed by temporary data storage and transfer to the master controlling units or remote servers.

By Geography: The Asia Pacific accounted for the largest share among all regions within the total Global IoT Microcontroller Market, in 2021.

• Asia Pacific region has been a significant hub for semiconductor manufacturing and semiconductor-based devices. The region is home to some of the most prominent electronics devices and automotive manufacturing companies. Hence, the area contributes significantly through various applications of IoT microcontrollers such as automotive, industrial automation, healthcare IT, consumer electronics, robotics, and other end-user industries.
• Asia Pacific hosts contract-based semiconductor manufacturers like Taiwan Semiconductor Manufacturing Company (TSMC). TSMC manufactures the microcontrollers sold by significant market players, like NXP Semiconductors, Texas Instruments, and STMicroelectronics, among others. Other regional manufacturers comprise Foxconn, MediaTek, Qualcomm, and others, contribute significantly to the region's growth.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDI4

Competitive Landscape

The Global IoT Microcontroller Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in IoT technologies. The IoT Microcontroller market's growth is heavily reliant on IoT-based applications. Numerous IoT microcontroller companies, including Broadcom, Holtek Semiconductor Inc., Infineon Technologies, and Microchip Technology Inc. are extensively investing in research and development to develop new technologies in IoT.

Country-niche players constitute ~50% of the competitors while regional players constitute ~35%. Some of the major players in the market include Broadcom, Holtek Semiconductor Inc., Infineon Technologies, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, STMicroelectronics, Renesas Electronics Corporation, Silicon Laboratories, Texas Instruments Incorporated among others.

Key Topics Covered in the Report:-

Snapshot of Global IoT Microcontroller Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global IoT Microcontroller Market

Historic Growth of the Overall Global IoT Microcontroller Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global IoT Microcontroller Industry

Overview, Product Offerings, and SWOT Analysis of Key Competitors

COVID-19 Impact on the Overall Global IoT Microcontroller Market

Future Market Forecast and Growth Rates of the Total Global IoT Microcontroller Market and by Segments

Market Size of Application / End User Segments with Historical CAGR and Future Forecasts

Analysis of the IoT Microcontroller Market

Major Production / Consumption Hubs in the Major within Each Region

Major Production/Supply and Consumption/Demand Hubs within Each Major Region

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Region

Major Players Mentioned in the Report:-

Broadcom

Holtek Semiconductor Inc.

Infineon Technologies

Microchip Technology Inc.

Nuvoton Technology Corporation

NXP Semiconductors

STMicroelectronics

Renesas Electronics Corporation

Silicon Laboratories

Texas Instruments Incorporated

Emerging Companies Mentioned in the Report

Green Waves Technologies

Codasip

Finite State

Cartesian

Blues Wireless

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Semiconductor Chip Manufacturers

Raw Material Suppliers for Microcontrollers

Microcontrollers R&D Concept & Design Companies

Semiconductor Packaging Companies

Semiconductors Test & Inspection Companies

Environmental Regulations Authorities

Semiconductor Alliances and Associations

Software Developers for Microcontrollers

Industrial and Home Automation Device Companies

Market Research & Consulting Organizations

Equipment Manufacturers & OEMs for Electronics & Semiconductor Industry

Investors Related to Semiconductor Industry

Investors Related to IoT and IT Industry

Electronics Procurement Enterprises

Government Ministries and Departments of Electronics

Electronics Industry Regulatory Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global IoT Microcontroller Market

Global Composites Market is expected to record a positive CAGR of ~8% during the forecast period 2022-2028: Ken Research

 Buy Now

A composite is created from two or more constituent materials. These constituent materials are combined to produce a substance with characteristics that are distinct from the constituent parts despite having chemical or physical qualities that are noticeably different. Composites are being increasingly adopted in different industries including electrical & electronics, automotive & transportation, wind energy, aerospace & defense, construction & infrastructure, and others.

According to Ken Research Analysis, the Global Composites Market is expected to record a positive CAGR of ~8% during the forecast period (2022-2028) and is expected to reach approximately US$ 120 billion by 2028.

The desirable performance of composites as well as the high adoption of composites in various end-user industries owing to their properties is positively impacting the market growth.

• Customers' needs for a wide range of intricately engineered parts, design patterns, and structures are met through the use of composite materials. The product supports several sectors, including wind power, consumer goods, automotive, aerospace, and the maritime sector. Different materials are used in a variety of ways by these businesses. Regulations, consumer demand, cost criteria, and part performance requirements all influence this usage. For instance, there are significant differences between the materials, costs, and process technology used in the aerospace sector and the car industry. Due to their diversity, these materials can satisfy this wide range of demands. For instance, there are resins, a variety of fibers, equipment, process, and finishing options that can be used to fabricate almost any item for any application.

Concerns about improper disposal and recycling of composite products as well as the high production cost of composites limit the market growth.

• Composites recycling and disposal raise problems that need to be resolved. One such problem relates to carbon fiber composites used in hexavalent chromium primer-coated end-of-life aircraft structures. Due to the possibility of the hexavalent chromium in these composites seeping into the ground, they may be categorized as hazardous waste and cannot be disposed of on land.

The COVID-19 outbreak had a huge impact on supply chains since key economies had to halt commerce. Additionally, the demand for composites had decreased across a range of end-use industries, including aerospace, automotive, and construction. However, the situation improved in 2021 due to the removal of trade barriers, which restored the market's growth trajectory.

Key Trends by Market Segment

By Fiber Type: The carbon fiber composites segment held the largest Market share in the Global Composites Market in 2021.

• Carbon atoms are bonded in parallel crystals to create carbon fiber, which is then combined with other materials to create composites. Due to their beneficial characteristics, including high stiffness, low thermal expansion, good chemical resistance, high-temperature tolerance, and low weight, these fibers are used in industrial and manufacturing applications.
• The strength and endurance of these Composites have been improved due to technical improvements, which have expanded their penetration in pipe production applications. The market is expected to be supported throughout the forecast period by rising demand for high-strength materials in the automotive and aerospace sectors.

By Resin Type: The thermoset composites resin type segment held the largest share of the Global Composites Market in 2021.

• The significant growth in demand for thermoset composites in sectors of aerospace, transportation, and defense is boosting the market growth. Glass, carbon, and aramid fibers are the usual building blocks of thermoset composite, which is frequently mixed with resins such as epoxies, phenolics, vinyl esters, polyesters, cyanate esters, and polyimides.

By End-User: The automotive & transportation end-user segment held the largest share of the Global Composites Market in 2021.

• Over the foreseeable term, this market segment is likely going to continue to lead. The transportation industry benefits from composites since the components are much lighter in weight, increasing fuel economy.
• It is anticipated that rising consumer and industry demand for high-tech electronics would increase demand for composite materials. Terminal boxes, electrical enclosures, lamp housings, sockets, plugs, and parts for the distribution of energy are some of the electrical and electronics applications for composites that are most frequently used.

By Manufacturing Process: The layup process segment held the largest share of the Global Composites Market in 2021.

• The layup method dominated the market and generated a sizeable portion of revenue when it came to the production of composites. Over the course of the forecast period, rising production of boats, wind turbine blades, and architectural moldings are anticipated to propel the growth of the layup process sector in the worldwide composites market.
• Over the course of the projection period, rising output in the automotive and marine industries is anticipated to provide growth chances for the filament winding process. Golf club shafts, car drive shafts, tiny aircraft fuselages, spaceship structures, pressure vessels like firefighter oxygen canisters, and other products have all been made possible by improvements in the filament winding process.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTA5

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Composites Market.

• Historically, Japan, North America, and Europe dominated the glass fiber and carbon fiber composites market. However, there has been a noticeable trend in recent years toward the developing economies in Asia Pacific and the rest of the world.
• For instance, the significant demand for low-cost carriers has raised the market for glass fiber and carbon fiber composites in the aircraft, wind energy, and transportation sectors in rising nations like India, Brazil, and China. China, whose rapid industrialization is anticipated to meet the growth in demand, has started several research projects involving glass fiber and carbon fiber composites.

Competitive Landscape

The Global Composites Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.

Large global players hold the highest market share of 45% which is followed by the regional players holding a 30% share. Some of the major players in the market include Huntsman Corporation LLC, SGL Group, Teijin Ltd., CooperVision, DuPont, Owens Corning, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation, Solvay, Exel Group, DOW, and others.

Recent Developments Related to Major and Emerging Companies

• In September 2019, Solvay, at its USA facility in Anaheim, California, increased its capacity for thermoplastic composites by adding a new production line for meeting the strong demand growth from aerospace customers for this high-performance material and Solvay's proprietary and distinctive technology.
• In July 2021, Hexcel, a leader in advanced composites technology, reported that a lightweight camera drone it built utilizing Hexcel HexPly carbon fiber prepregs completed its first flight. A group of students from the University of Applied Sciences Upper Austria in Wels created the composite drone using components provided by Hexcel Neumarkt in Austria.

  

• In September 2019, the acquisition of Ashland Global Holdings Inc.'s composites business by INEOS Enterprises had been announced. A BDO office in Germany is also part of the acquisition. The companies involved in the transaction generate more than US$1.1 billion in annual sales. Over 19 locations in Europe, North and South America, Asia, and the Middle East, have 1,250 employees.

Key Topics Covered in the Report

• Snapshot of the Global Composites Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Composites Market
• Historic Growth of the Overall Global Composites Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Composites Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• COVID-19 Impact on the Overall Global Composites Market
• Future Market Forecast and Growth Rates of the Total Global Composites Market and by Segments
• Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
• Analysis of the Composites Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

For more insights on the market intelligence, refer to the link below: –

3 Key Insights on US$ 120 Bn Opportunity in the Global Composites Market: Ken Research

Global Nanomaterials Market Outlook, and Revenue Forecast 2022-2028: Ken Research

 Buy Now

Market Overview

Nanomaterials are materials that have at least one external dimension that lies between 1-100 nanometers or internal structures that measure 100 nanometers or less. These can occur naturally or be formed by combustion reactions through nanotechnology to be used for a particular purpose. These can be in the form of fibers, particles, tubes, or rods. The properties of the bulk form of nanomaterials can be different from that of the individual nanomaterials that are used to form them. Due to their properties such as electrical conductivity, hardness, elasticity, high strength, and chemical resistance, the application of nanomaterials is on the rise in the healthcare, automotive, electronics, and chemicals industries among others.

According to Ken Research Analysis, the Global Nanomaterials Market is expected to record a positive CAGR of ~12% during the forecast period (2022-2028) and is expected to reach approximately US$ 20 Billion by 2028.

The increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries is helping the market grow.

• Increasing research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments are helping the market growth.

There are concerns about the environmental impact and toxicity of engineered nanomaterials. In addition to this, there is also skepticism about the health hazards of such materials on the people who are exposed to them. These factors act as constraints to the growth of the market.

• Stringent government norms and regulations regarding the usage of such materials and the high processing costs also act as hindrances to the growth of the market.

The COVID-19 outbreak had a negative impact on the demand for Nanomaterials as manufacturing activities came to a standstill due to the imposition of the lockdowns. As raw materials could not be made available hence the demand for the products suffered during the initial phase of the pandemic. However, as research and development activities increased to evaluate the effectiveness of the nanomaterials in the detection and treatment of COVID-19 helped the market recovered later.

Scope of the Report

The Nanomaterials Market is segmented by product, structure, and end-user. In addition, the report also covers market size and forecasts for the four major regions’ Nanomaterials Market. The revenue used to size and forecast the market for each segment is US$ billion.

The increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries is helping the market grow.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTY2

Increasing research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments are helping the market growth.

There are concerns about the environmental impact and toxicity of engineered nanomaterials. In addition to this, there is also skepticism about the health hazards of such materials on the people who are exposed to them. These factors act as constraints to the growth of the market.

• Stringent government norms and regulations regarding the usage of such materials and the high processing costs also act as hindrances to the growth of the market.

The COVID-19 outbreak had a negative impact on the demand for Nanomaterials as manufacturing activities came to a standstill due to the imposition of the lockdowns. As raw materials could not be made available hence the demand for the products suffered during the initial phase of the pandemic. However, as research and development activities increased to evaluate the effectiveness of the nanomaterials in the detection and treatment of COVID-19 helped the market recovered later.

Scope of the Report

The Nanomaterials Market is segmented by product, structure, and end-user. In addition, the report also covers market size and forecasts for the four major regions’ Nanomaterials Market. The revenue used to size and forecast the market for each segment is US$ billion.

By Structure: The Non-polymeric Organic Nanomaterials segment held the larger share of the Global Nanomaterials Market in 2021.

• The non-polymeric organic nanomaterials exhibit superior physical and chemical properties such as optical clarity, chemical resistance, surface appearance, flame retardancy, and dimensional stability.
• Due to the above-mentioned properties, these nanomaterials make durable, lighter, and stronger materials and that is why there is an increased demand for them in end-user industries such as energy, electronics, healthcare, and automotive which is helping this segment dominate the market.

By End-user: The Healthcare segment held the larger share of the Global Nanomaterials Industry in 2021.

• The growing use of nanomaterials for diverse applications such as targeted drug delivery, cell repair & detection, and imaging is helping this segment dominate the market.
• In addition to this, the nanomaterials are used for other areas in medical and healthcare fields such as nano diagnostics, nano biosensors, and nacrobots for surgery which help the segment dominate the market.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total global Nanomaterials market.

• The Asia-Pacific region dominated the Nanomaterials market due to the growing need for specialty materials and the high use of nanomaterials in various end-user industries such as textiles, defense, automotive, medical equipment, healthcare, and electronics in this region.
• The ongoing research and development activities, as well as high investments in this region especially in countries such as China and Japan to develop nanomaterials by the organizations and with the backing of the governments, are helping the segment dominate the market.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTY2

Competitive Landscape

• The Global Nanomaterials Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.
• Approximately, the large global players constitute 5%, the regional players 35%, and country-niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include Arkema, Strem, BASF SE, American Elements, Evonik AG, US Research Nanomaterials, Inc., nanoComposix, Frontier Carbon Corporation, Quantum Materials Corp., Cytodiagnostics Inc., Cabot Corporation among others.

Recent Developments Related to Major and Emerging Companies

• In April 2021, nanoComposix and Pró-Análise, a Brazilian company that distributed laboratory products and had a strong presence in South, Southeast & Northeast regions of the country, signed an agreement to offer wider distribution of the nanoparticle products of nanoComposix throughout Brazil.
• In April 2021, Evonik enhanced its nanoparticles production capabilities at the Geesthacht facility by completing a new multi-purpose reactor. The new plant would meet the demand for its acrylate resins filled with nanoparticles that has applications such as artificial teeth and component filling for dentistry specialties.
• In May 2022, BASF entered into an agreement with Nano One for lithium-ion battery materials. Under the agreement, both companies wanted to bring together BASF’s HEDTM-family of advanced Cathode Active Material technology and Nano One’s One-Pot process which is its coated nanocrystal materials to produce lithium-ion battery cathode active materials with lesser by-products.

Conclusion

The Global Nanomaterials Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries, growing investments in research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments. The market is highly competitive with ~500 participants concentrating on expansion strategies through product innovations as well as acquisitions, partnerships, and mergers.

For more insights on the market intelligence, refer to the link below:-

Global Players in Nanomaterials Industry

Global Protein Supplement Market expected to reach a market size of ~US$ 30 billion by 2028: Ken Research

 Buy Now

Protein is a macronutrient that the human body needs to repair tissue, develop muscle, and produce enzymes and hormones. It is one of the components that make up skin, muscle, and bone. In addition to being present in a wide range of specially made drinks, bars, and powders, protein can also be found in foods including dairy, eggs, red meat, chicken, fish, nuts, tofu, and legumes. In addition, protein supplements can be beneficial as a component of their overall dietary strategy. Bodybuilders and sports athletes frequently utilize protein supplements as a form of nutritional and bodybuilding supplement to enhance their protein intake without simultaneously increasing their intake of carbohydrates and fats. When taken directly, these supplements have a higher protein content than other protein sources.

According to Ken Research Analysis, the Global Protein Supplement Market was valued at ~US$ 15 billion in 2017. It is estimated to be ~US$ 20 billion by 2022 and is expected to reach a market size of ~US$ 30 billion by 2028 growing at a CAGR of ~7% during the forecast period (2022-2028). Due to changing lifestyles, there will be an increased reliance on supplements to meet daily nutritional needs, which will increase the demand for protein supplements.

• Youth’s demand for protein supplements is rising, especially among athletes because they offer several advantages like decreasing cholesterol, developing muscle, boosting strength, preventing cancer, boosting immunity, and lowering blood pressure.
• Due to growing health consciousness among consumers worldwide during the past few years, consumption of a diet high in protein content has increased dramatically. Furthermore, the growing use of dietary supplements is directly influenced by the aging population as well as the rise in lifestyle-related illnesses like diabetes and obesity.
• The market for protein supplements is expected to experience some growth restraints due to the prevalence of less expensive alternatives and various detrimental effects of protein enhancement. Additionally, during the forecast period, negative claims and publicity may pose a threat to the market's expansion.
• In response to the COVID-19 pandemic, customer preferences for nutritional supplements to promote immunity are predicted to increase due to these products' strong efficiency against viral infections and acute respiratory tract disorders, which is expected to drive market demand. Additionally, the rapid spread of COVID-19 has raised consumer worries about health and well-being as a preventative measure against disease, which may support the market trends for protein supplements in the wake of the coronavirus outbreak.

Get the Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTA0

Key Trends by Market Segment

By Source: Animal-based segment held the largest market share in 2021, due to convincing scientific proof of the health advantages they provide. For instance, whey proteins improve nutritional status, immunity, and aid cancer patients receiving chemotherapy by raising glutathione (GSH) levels.

The category includes casein, whey, egg, chicken, beef, dairy, and meat proteins. Animal proteins are typically thought to be complete proteins since they include all of the required amino acids.

By Product: The protein powder segment held the largest market share in 2021. The demand for nutritious food products has increased as a result of changing lifestyles, growing urbanization, and changed dietary choices of consumers, and is likely to drive the market growth of protein powder.

• Whey, casein, soy, pea, and egg proteins are just a few of the sources used in the production of the powders. Protein powders are packed with vital micronutrients, including vitamins, minerals, grains, fibers, extra fats, and/or thickeners, as well as greens (like dried veggies).
• Protein Powder aid in constructing and toning muscles, producing hormones and enzymes, losing weight, and healing bodily tissues. Additionally, it is projected that the growing demand for these powders from bodybuilders, professional athletes, and recreational exercisers would accelerate the expansion of the protein powder market.

By Distribution Channel: Supermarket & hypermarket segment held the largest market share in 2021 since it is convenient to shop and a variety of brands are available.

• Supermarkets and hypermarkets provide a vast range of products at lower costs. The expansion of supermarkets and hypermarkets in both developing and developed nations as a result of rising consumer demand is anticipated to boost product sales.
• To encourage the sale of protein goods, major USA retailers like Walmart are entering this market and investing in private label variations.

By Application: Sports nutrition segment held the largest market share in 2021, owing to their widespread use as nutritional supplements by athletes, sportspeople, and bodybuilders.

• Rising demand for nutritional supplements for athletes to support lean muscle growth, enhance performance, help with weight loss, and increase stamina is anticipated to fuel the expansion of the sports nutrition market over the coming years.
• The rise in the number of people participating in sports and other physical activities to combat obesity is probably going to boost market expansion.

By Geography: North America held the largest market share in 2021, due to high customer awareness of health and wellbeing, as well as knowledge of the benefits of the products.

• Major distribution channel segments in the North American market include functional foods and sports nutrition. This might be due to consumers' growing interest in fitness in the USA, Canada, and Mexico, which is anticipated to increase demand for functional foods and drinks.
• Additionally, the rising popularity of protein bars, shakes, and cookies among millennials as a healthy snacking choice is anticipated to significantly increase demand for protein supplements in North America over the forecasted period.

Competitive Landscape

The Global Protein Supplement Market is highly competitive with ~250 players which include globally diversified players, regional players, and country-niche players with their niche in the protein supplement.

County-niche players constitute ~45% of the competitors, while the regional players are the second largest by type. Some of the major players in the market include Glanbia PLC, Abbott., NOW® Foods, MusclePharm, QuestNutrition, CytoSport, Inc., Iovate Health Sciences International Inc., The Bountiful Company, AMCO Proteins, Transparent Labs, among others. 

Recent Developments Related to Major Players

• In July 2022, Optimum Nutrition, a division of Glanbia PLC, has begun production in India. The brand, which had previously only been made in the USA and the UK for international distribution, now has a third manufacturing facility in India.
• In April 2021, Nestlé increases its health and nutrition portfolio by acquiring The Bountiful Company's primary brands.
• In March 2019, Quest Nutrition signed distribution agreements with Sam's Club and BJ's Wholesale to sell its products in traditional grocery shops, convenience stores, and specialist supplement stores.

Key Topics Covered in the Report

• Snapshot of the Global Protein Supplement Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Protein Supplement Market
• Historic Growth of the Overall Global Protein Supplement Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Protein Supplement Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Protein Supplement Market
• Future Market Forecast and Growth Rates of the Total Global Protein Supplement Market and by Segments
• Market Size of Application Segments with Historical CAGR and Future Forecasts
• Analysis of Global Protein Supplements in Major Regions
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the Report

• Glanbia PLC
• NOW® Foods
• QuestNutrition
• CytoSport, Inc.
• Lovate Health Sciences International Inc.
• The Bountiful Company
• AMCO Proteins
• Transparent Labs

Notable Emerging Companies Mentioned in the Report

• Woodbolt Distribution Llc
• Dymatize Enterprises Llc
• RSP Nutrition
• BPI Sports
• The Hut.com Limited and MSM Retail Pvt Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Protein Supplement Companies
• R&D Institutes for Protein Supplement Development
• Protein Supplement Manufacturers
• Protein Supplement Suppliers
• Protein Supplement Raw Material Provider
• Investment Banks Targeting Supplement Market
• Caffeine Producers
• Food Safety Authorities
• F&B Marketing and Advertising Agencies
• Dietary Supplement Manufacturers
• F&B Research Institutes
• Entrepreneurs in Food Industry
• Potential Entrants into Food Industry
• Government Departments for Food Standards
• Government Ministries and Departments for Food Industry

For more insights on the market intelligence, refer to the link below: –

Global Protein Supplement Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Global Silicon Metal Market Expected to Reach Market Size of US$ 8 billion by 2028: Ken Research

 Buy Now

Silicon metal is a lustrous and grey semi-conductive metal and is widely used to manufacture solar cells, microchips, steel, and others. It acts as a base material for different products and hence has an important role in the consumer and industrial sector. The silicon metal manufacturing process is highly energy intensive and it can be manufactured by smelting immersed electric arc furnaces.

According to Ken Research Analysis, the Global Silicon Metal Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 8 billion by 2028, owing to increasing demand for silicon metal in various industries such as automobiles, solar, battery materials, refractory materials, and others.

Growing demand for silicon in the automotive industry along with increasing penetration of electric vehicles globally are anticipated to propel the growth of the global silicon metal market during the forecast period.

• The increased use of silicon or aluminum-silicon alloys in the production of automobiles due to their properties such as corrosion resistance, low thermal expansion, low wear rates, and others is likely to propel the growth of the global silicon metal market.

The global silicon metal market faces challenges due to the shortage of metals like silicon.

• The supply shortage of silicon metals due to their high usage in the production of semiconductor materials along with the high prices of semiconductors is also expected to restrict the growth of the market.

The COVID-19 pandemic negatively impacted the silicon metal market due to disruption in the supply chain, shortage of workers for the mining industry, shortage of raw materials, and others. In addition, the abrupt shutdown of operations has impacted economic growth, and thus, changed the pattern of consumer spending patterns.

Key Trends by Market Segment:

By Product Type: The metallurgy grade segment held the largest share of the global silicon metal market by product type in 2021, owing to the growing demand for high-purity metals for the production of steel and cast iron.

• The expansion of the solar and semiconductor industry along with the increase in innovative technologies to lower cost production and surging demand for renewable sources of energy globally is expected to fuel the demand for the segment in the global silicon metal market.

By Application: The aluminum alloys segment accounted for the largest share of the global silicon metal market in 2021, attributed to the growing demand for silicon metals for the production of automotive aluminum alloy.

• The increase in government initiatives and favorable policies for the electric vehicle and rising demand for aluminum alloy to produce lightweight vehicles, is anticipated to aid to the growth of the segment in the global silicon metal market.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTQw

By Geography: Asia-Pacific region accounted for the largest share of the global silicon metal market in 2021, due to the presence of a large production base of silicon and aluminum.

Growing consumption of silicon metal in the automotive industry coupled with the increasing number of initiatives taken by the governmental body to accelerate the solar industry, is expected to augment the growth of the region in the silicon metal market.

Competitive Landscape

The silicon metal market is highly competitive with ~300 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in silicon metal.

Regional players comprise ~55% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Ferroglobe, Dow, Elkem ASA, RIMA INDUSTRIAL, RusAL, LIASA, Hoshine Silicon Industry Co., Ltd., Zhejiang kaihua yuantong silicon industry co. LTD, Anyang Wanhua Metal Material Co. Ltd., and Shin-Etsu Chemical Co., Ltd., among others.

The leading global silicon metal companies such as Ferroglobe, Dow, and Elkem ASA are highly focused on expanding their business and production capacity of silicon metal to meet the demand of end-users.

Key Topics Covered in the Report

Snapshot of the Global Silicon Metal Market

Industry Value Chain and Ecosystem Analysis of the Silicon Metal Market

Market size and Segmentation of the Global Silicon Metal Market

Historic Growth of the Overall Global Silicon Metal Market and Segments

Competition Scenario of the Silicon Metal Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Silicon Metal Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Silicon Metal Market

Future Market Forecast and Growth Rates of the Global Silicon Metal Market and by Segments

Market Size of Application/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Silicon Metal Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Silicon Metal Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTQw

Major Companies Mentioned in the Report

Ferroglobe

Dow

Elkem ASA

RIMA INDUSTRIAL

RusAL

LIASA

Hoshine Silicon Industry Co., Ltd.

Zhejiang kaihua yuantong silicon industry co. LTD

Anyang Wanhua Metal Material Co. Ltd.

Shin-Etsu Chemical Co., Ltd.

Notable Emerging Companies Mentioned in the Report

Wackey Chemie AG

Mississippi Silicon LLC

PCC BakkiSilicon hf

Minasligas

Henan ALOY New Material Co. Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Silicon Metal Manufacturers

Emerging and Startup Companies in Silicon Metal

Different Types of Silicon Metal Research Labs

Government Ministries and Departments of Minerals

Government Departments of Electronics

Ministries and Departments of Paint & Coatings

Importers and Distributors of Silicon Metal

Chemical and Metals Market Research & Consulting Firms

Semiconductor Research and Development Associations

Investment Banking & Financial Institutes

PE and VC Firms focused on Chemicals and Metals Industries

Research & Development Institutes for Silicon Metal Sector

Silicon Metal Providers

Silicon Metal Suppliers

Investors in Silicon Metal Start-ups

Environmental Regulatory Bodies

Silicon Metal Distributors

Potential Entrants into Silicon Industry

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global Silicon Metal Market

The Philippines Clinical Laboratory Market is growing owing to growing economy, technological advancements and various new players coming up and expanding their services: Ken Research

 Buy Now

Focus on Rapid Urbanization, growing GDP, Ease of doing business, increasing healthcare budget and Improvement in quality of life are major factor contributing towards development of Clinical Laboratories Market in Philippines.

Poor Internet and lack of resources: Philippines is a country with one of the slowest internet speeds in the world. Additionally, the cost of internet is also high in Philippines. A 2020 Digital Quality of Life Index ranked the Philippines 82nd in terms of internet affordability out of 85 countries. And there is huge scope of development of health infrastructure. There are new technologies available globally which automates various procedures and increases the capacity of a laboratory. During Covid-19, a lot of patients couldn’t be tested at the right time due to dearth of covid testing kits.

Brain Drain and Lack of Affordability: Filipinos are well educated and skilled but a lot of health workers migrate to other countries which leads to dearth of health workers in Philippines. And Universal Health Policy is still a blank box for many people. Various healthcare tests are still very expensive for people that they prefer to not get tested as cost of getting sick is high and people can’t afford it.

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTg4

E-Health and Technological Advancements: E-Health is emerging in Philippines especially after the pandemic. More number of patients can be catered through online mode. It reduces paper work, errors and makes it easier to create awareness. And Healthcare industry in Philippines is gradually adopting advance technologies to automate the procedures and to diagnose and treat complex health issues.

Regulation of Health Professionals: Philippines is known for one of the best suppliers of quality health workers who are highly skilled professionals. There are separate government bodies which are responsible for training and professional development of health professionals. The Commission on Higher Education (CHED) prescribes standards for quality health science education and the health science curriculum, and regulates public and private higher education institutions in the country. The Professional Regulation Commission (PRC) is responsible for promoting credible licensure examinations of health professionals and ensure effective regulation of professional practice.

Analysts at Ken Research in their latest publication “Philippines Clinical Laboratory Market Outlook to 2027F- Driven by increasing awareness, widening customer base, digitalization and increasing corporate requirements for clinical testing” by Ken Research observed that Clinical Laboratory market is an emergent healthcare market in Philippines at a growing stage from the economic crisis after pandemic. The rising government policies and demand for medical attention, health consciousness among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 8.99% CAGR during 2022-2027F owing to the newer delivery models and new government policies.

Key Segments Covered in the report: -

Philippines Clinical Laboratories Market

By Ownership

• Private
• Public

By Structure-Revenue

• Organized Labs
• Unorganized Labs

By Payor- Independent Labs

• Out of Pocket
• Private Health Insurance
• Government

By type of reference

• Doctor Referrals
• Walk-Ins
• Corporate Clients
• External Referrals
• Online Referrals

By Number of Tests- Independent Labs

• Routine
• Esoteric
• Non-Laboratory

Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTg4

By Institutional Character

• Institutional
• Non-Institutional

By Level of services

• Primary
• Secondary
• Tertiary
• Limited

Number of Labs- By Region

• Region 1 (ILOCOS)
• Region 2 (CAGAYAN VALLEY)
• Region 3 (CENTRAL LUZON)
• Region 4A (CALABARZON)
• Region 4B (MIMAROPA)
• Region 5 (BICOL)
• Region 6 (WESTERN VISAYAS)
• Region 7 (CENTRAL VISAYAS)
• Region 8 (EASTERN VISAYAS)
• Region 9 (ZAMBOANGA PENINSULA)
• Region 10 (NORTHERN MINDANAO)
• Region 11 (DAVAO)
• Region 12 (SOCCSKSARGEN)
• Region 13 (CARAGA)
• NCR
• CARR
• BARMM

Key Target Audience

• Clinic Service Providers
• Clinic Equipment Distributors
• Clinic Equipment Manufacturers
• Clinics
• Hospitals
• Healthcare Companies
• Pharmaceutical Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities
• Market Research and Consulting Firms

Time Period Captured in the Report:

• Historical Period: 2017-2022P
• Base Period: 2022P
• Forecast Period: 2023F-2027F

Companies Covered:

• Hi- Precision
• The Medical City
• Medicus Diagnostics
• Singapore Diagnostics
• New World Diagnostics
• Medi card
• Aventus Medical Care

Key Topics Covered in the Report

Pre-covid Health statistics of Philippines

Infectious Diseases in Philippines

Government Initiatives in Healthcare

Covid Impact and Responses

Cross Comparison of ASEAN Countries

WHO International Health Regulation capacity score: Laboratory

Categorization of Non-Hospital based Laboratories and number of units in Philippines

Evolution of Clinical Laboratory Industry

Ecosystem of Philippines Clinical Laboratory Market

Value Chain of Clinical Laboratory Industry

Market size of Philippines Clinical Laboratory Industry, 2017 - 2022

Market Segmentation, 2022P

Trends and Developments in Philippines Clinical Laboratory Market

Growth Drivers in Philippines Clinical Laboratory Market

Issues and Challenges in Laboratory Industry

Government Regulations in Laboratory Industry

Decision making Parameters of Customers

SWOT Analysis

Next Generation Laboratory Technology Trends

Competition Scenario of Philippines Clinical Laboratory Market

Market share of Major players

Future Outlook and Projections, 2022-2027E

Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Philippines Clinical Laboratories Market

Related Reports BY Ken Research: -

Indonesia Clinical Laboratory Market Outlook to 2026F

Vietnam Clinical Laboratories Market Outlook to 2027F

The Clinical Laboratories Market in Vietnam is growing owing to the Covid-19 pandemic, foreign investment and technological advancement: Ken Research

 Buy Now

Focus on Increasing penetration of Private Health Insurance and Change in Consumption Habits Are Major Factor Contributing towards development of Clinical Laboratories Market in Vietnam.

Lack of Awareness and No commercialization of Clinical Labs: The Vietnam Healthcare market is still largely traditional. The regular check-ups and lab tests are not prevalent, the patients only have tests conducted when recommended by the doctor. Private firms like Diag Laboratories are trying to create that awareness by educating patients and health professionals the benefits of regular diagnostic tests. The Clinical Labs across Vietnam are not very commercialized. They are not aggressively promoted or marketed to the customers or patients. There are not many marketers present in the Healthcare space. The private firms lack specialized marketers to promote their services.

Government Restraints: Ministry of Health (MoH) Vietnam has imposed certain requirements for setting up a laboratory including a space of 20 square meters, certain qualified technician and authorized equipment which might be difficult to obtain. All services and tests have to be approved by the Ministry which might be a lengthy process.

Growth in non-communicable disease and chronic diseases: Shift in disease profile, thus changing the level of interaction between doctors and patients from episodic to rhythmic. Increasing incidence of communicable and non-communicable diseases, such as cardiovascular disease, cancer and diabetes, are expected to drive the clinical laboratory testing market.

Rising disposable Income and Technological Advancements: Rising personal disposable income has led to higher spending on healthcare services including clinical testing. Further there has been an increase in middle to high income earners seeking preventive health check-ups post the pandemic. The Vietnamese population has become receptive to new technologies in healthcare. With Genetic Analysis Test introduced, a lot of people are trying it out and with further advancement, the customers might grow.

Analysts at Ken Research in their latest publication “Vietnam Clinical Laboratories Market Outlook to 2027F- Driven by Private Hospitals driving the future of Healthcare and Clinical Tests in Vietnam” by Ken Research observed that Clinical Laboratories market is an emergent healthcare market in Vietnam at a growing stage from the economic crisis after pandemic. The rising government policies and consumption habits of Vietnamese patients, growth of Health-Tech and digital adoption along with rise of new technologies is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.4% CAGR during 2022-2027F owing to increasing awareness, rising disposable income and new government policies.

Key Segments Covered in the report

Vietnam Clinical Laboratories Market

By Type of Labs

Independent Labs

Private Hospital Labs

Public Hospital Labs

By Independent Labs

Organized Labs

Unorganized Labs

By Private Hospital Labs

In-House Labs

Third Party Tie-Ups

By End-User

Corporate Clients

Walk-Ins

Doctor Referrals

Online Referrals

Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTg3

By Payor

Out-of-Pocket

Corporate Insurance

Private Insurance

Universal Health (Vietnam Govt.)

By Type of Tests

Pathology

Radiology

By Region

Northern

Southern

Central

By Age

0-20

20-40

40-60

Above 60

Key Target Audience

Clinic Service Providers

Clinic Equipment Distributors

Clinic Equipment Manufacturers

Clinics

Hospitals

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Market Research and Consulting Firms

Ask For customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTg3

Time Period Captured in the Report:

Historical Period: 2016-2022P

Base Period: 2022P

Forecast Period: 2023F-2027F

Companies Covered

Medic-Lab

Diag Laboratories

Chemedic Joint Stock Company

Labo TH Vietnam

FV Hospital

HONG NGOC

Vin Mec

Omron

Abbott

Terumo

Siemens

Key Topics Covered in the Report

Cross Comparison of Clinical Laboratories Market in Vietnam with Other Countries

Ecosystem of Clinical Laboratories Market in Vietnam

Evolution of Independent Clinical Laboratories Market in Vietnam

Value Chain of Clinical Laboratories Market in Vietnam

Market Size of Clinical Laboratories Industry in the Vietnam on the basis of Revenue, 2017-2022P

Market Segmentation of Clinical Laboratories Market in Vietnam, 2022P

Trends and Developments in Vietnam Clinical Laboratories Market

Key Challenges in Vietnam Clinical Laboratories Market

SWOT Analysis: Vietnam Clinical Laboratories Market

Growth Drivers of Vietnam Clinical Laboratories Market

Impact of Covid-19 on Vietnam Clinical Laboratories Market

Vietnam Clinical Laboratory Setup Procedure

Next Generation Laboratory Technology Trends

Competition Scenario for Vietnam Clinical Laboratories Market

Market Positioning Analysis for Clinical Laboratories Market in Vietnam

Market and Competitor Analysis by comparing Industry Growth

Pricing Analysis of Market players

Future Outlook and Projections, 2023E-2026E

Analyst Recommendations

For more insights on the market intelligence, refer to the link below:-

Vietnam Clinical Laboratories Market

Related Reports By Ken Research:-

Philippines Clinical Laboratory Market Outlook to 2027F

Indonesia Clinical Laboratory Market Outlook to 2026F (Second Edition)