Malaysia Clinical Lab Market is expected to grow at a CAGR of 13.6% in the forecasted period of 2022P-2027F: Ken Research

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The COVID-19 pandemic has accelerated Government adoption of plans to implement the digitization of healthcare and the use of technology to store, share, and analyze healthcare information.

COVID-19 Pandemic Accelerated Demand for Hospitals and Clinical Labs: COVID-19 pandemic had a lot to do with the increased demand for hospitals. The shortage of hospitals led to the establishment of makeshift clinics and health centers around the world, and a similar situation had been found in Malaysia. The pandemic had shown the inability of various countries, including Malaysia, to cope with the pandemic situation, thereby increasing the need for hospital construction, further supporting the growth of the market in forthcoming years.

Genetic Testing: Growing interest in genetic testing is also driving the market. Genetic testing helps patients make important decisions about treatment and early detection of genetic problems. The high prevalence of refractory diseases in Malaysia, coupled with growing awareness of the importance of early diagnosis and accuracy of laboratory analysis, has led to an increase in patient visits to diagnostic laboratories for testing.

Adoption of Digital Pathology: Increased adoption of digital pathology has further increased the demand for clinical laboratory services. High prevalence of infectious diseases across Malaysia and growing awareness of early and accurate diagnosis are expected to drive the expansion of the clinical laboratory services market.

Government Initiatives: Investment by the government in multiple sectors and “My Health” by MOH are the government initiatives taken for the healthcare sector in Malaysia. A-Bio has raised a major revenue in funding at Clinipath Malaysia Sdn. Bhd. (Clinipass), promoting the digitalization of the medical industry in Malaysia.

Analysts at Ken Research in their latest publication “Malaysia Clinical Lab Market Outlook to 2027F- Medical tourism and government investment is driving the future of healthcare and clinical Tests in Malaysia” by Ken Research observed that Malaysia clinical lab market is in the growing phase. Growing medical infrastructure, increasing number of hospitals, and medical tourism are some of the factors that will contribute to Malaysia clinical lab market growth.

It is expected that Malaysia’s clinical lab market to grow at a robust CAGR for the period of 2022P-2027F.

Key Segments Covered

Malaysia Clinical Lab Market:

• By Type of Lab
• Organized Labs
• Unorganized Labs

• By Type of Ownership
• Private
• Public

• By Mode of Tests
• Walk-Ins
• Doctor Referrals
• Corporate Clients
• Online Referrals
• External referrals

• By Type of Tests
• Routine
• Esoteric
• Non-Laboratory

• By Patient’s Age
• 0-20
• 20-40
• 40-60
• 60 and above

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• By Region
• West Malaysia
• East Malaysia

• By Payer
• Out of pocket
• Government
• Private insurance
• Corporates

Key Target Audience

• Clinical Lab companies
• Organized Clinical Laboratories
• Unorganized Clinical Laboratories
• Private Hospitals
• Private Equity and Venture Capitalist
• Industry Associations
• Technology providers
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

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

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Companies Covered:

Diagnostics centers

• BP Leader in Health Check
• Pantai Premier Pathology
• Gribbles
• Lablink Medical Lab
• Clinipath
• Pathlab
• Innoquest

Hospitals

• Sunway Medical Centre
• KPJ healthcare
• Park City medical centre
• Gleneagles Hospital
• PANTAI Hospital

Online Healthcare Apps

• Doctor2U medical Portal
• Bookdoc Connect and Unite
• Doctor Anywhere
• Doc2US
• Docquity

Key Topics Covered in the Report

• Executive summary for Malaysia clinical lab market
• Country Overview of Malaysia
• Ecosystem of major entities in Business model of Malaysia clinical lab market 
• Timeline of major operating in the Malaysia clinical lab market
• Cross comparison of clinical laboratories market in Malaysia with south-east Asia
• Malaysia Clinical Lab Market
• Value chain analysis of clinical lab market
• Malaysian healthcare system
• Market overview of Malaysia healthcare market
• Malaysia Clinical Lab Market Size, FY’2017-FY'2022P
• Malaysia Clinical Lab Market Segmentation, FY'2022P
• Segmentation by type of labs and ownership, region and by type of test, by patient age, mode of test, by payer
• Industry Analysis
• SWOT analysis of Malaysia clinical lab market
• Trends and development in Malaysia clinical lab market
• Growth driver in Malaysia clinical lab market
• Technological innovation in Malaysia clinical lab market
• Investment scenario in Malaysia clinical lab market
• Issues and challenges in Malaysia clinical lab market
• Government initiatives
• Impact of covid-19 on Malaysia clinical lab market
• Competitive Landscape of Malaysia Clinical Lab Market
• Market Share of Major Players in Malaysia Clinical Lab Market
• Market Positioning of Major Players in Malaysia Clinical Lab Market
• Gartner Magic Quadrant
• Cross-Comparison of Major Players in Malaysia Clinical Lab Market
• Future Outlook for Market Size and Segmentation, FY’22P-FY’27F

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

Malaysia Clinical Lab Market Outlook to 2027F: Ken Research

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Vietnam Solar PV Equipment Market is in the Growing Stage Owing to Government initiatives and Technological Improvements & Reduced Costs: Ken Research

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A strong indicator of growth in the solar PV market is the increasing awareness and rising concerns about climate change, sustainability and renewable energy pushed the demand for solar power and its equipment.

Government’s Commitment to Energy Security: The Vietnamese government has provided social security and trust to its people for using green energy like Solar PV through its FiT programs. Delays in new coal and other power projects amid rising electricity demand have reflected the priority of government in switching to cleaner & greener sources like Solar PV.

Public demand for environmental protection: Serious air pollution and climate related concerns in urban areas has triggered public opposition to switch to cleaner energy sources like Solar PV.  With favorable conditions for RTS, many households have also started to switch to Solar PV for their self-consumption.

Power Development Plan VIII: With the revised decision of the Power Development Plan VIII, the Vietnam Government has identified renewables like Solar PV, Wind and others as its highest priority sector for generating power in the country, which eventually helped the country to meet the set zero emission target.

Geographical Presence: Vietnam as a country is blessed with generous amount of sunshine with roughly 2000-2500 hours of annual sunlight, which makes it an ideal region for using solar power in meeting its power needs. Within the country, the southern part is more viable and potential for solar generation by the geographical landscape as well as the economical point of view.

Rising Solar PV Installed Capacity: Solar PV Equipment Market in Vietnam registered a robust CAGR in between 2017 and 2022P.The surging growth is attributed to the government's Feed-in-Tariffs and tax related incentives arising from concerns on climate change. With the FiT Phase I being introduced to the public, developers increased their installed capacity of solar power massively from just 100MW in 2017 to 4900MW by 2019.The Total Solar PV Installed Capacity in the country also grew from just a 100MW in 2017 to more than 18000 in 2022P.

Analysts at Ken Research in their latest publication- “Vietnam Solar PV Equipment Market Outlook to 2027 - Driven by the regulations and incentives updated by the Government of Vietnam and concerns for climate change” by Ken Research provides a comprehensive analysis of the potential of the Vietnam Solar PV Equipment Market. Public demand for environmental protection and the Government's intention to develop solar power generation as a new economic sector are expected to contribute to the market growth over the forecast period. Vietnam Solar PV Equipment Market is expected to grow at a robust CAGR over the forecasted period 2023E-2027E.

Key Segments Covered

Segmentation by the Type of Technology:

Monocrystalline

Polycrystalline

Thin film

Segmentation by Region:

South

Central highlands

North

Segmentation by Type of End User:

Commercial

Industrial

Residential

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Segmentation by Type of Mounting

Ground Mounted

Rooftop solar

Segmentation By Type of Connectivity

On Grid

Off Grid

Key Target Audience

Solar PV Module Manufacturers

Solar PV Inverter Companies

EPC/Developers

Power Plant Owners/Utilities

Operation & Maintenance (O&M) Companies

Investor Community

Financing Companies

Government Bodies & Industry Organizations

Other Stakeholders

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Year: 2022P

Forecast Period: 2023E–2027E

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Companies Covered:-

Supply Side Entities

Trina solar

Jasolar

Irex

Boviet solar

Canadian solar

Jinko solar

Longi

Firstsolar
Key Topics Covered in the Report:-

Executive summary

Country overview

Market Overview of Solar PV Equipment Market Vietnam

ASEAN Market Overview

Renewable Energy Market Overview

Ecosystem of Major Players in the Market

Value Chain

Market Size of Solar PV Equipment Market in Vietnam

Market Segmentation of Solar PV Equipment Market in Vietnam, 2022

Segmentation on the Type of Technology, End User, Region, Mounting,     Connectivity

Industry Analysis

Trends & Developments in Vietnam Solar PV Equipment Market

Growth Drivers of Vietnam Solar PV Equipment Market

Government Regulations & Incentives in Vietnam Solar PV Equipment Market

Upcoming Projects & Investments in Vietnam Solar PV Equipment Market

Challenges & Issues Faced in Vietnam Solar PV Equipment Market

Demand Analysis

TAM, SAM, SOM of Vietnam Solar PV Equipment Market

Demand Analysis of Vietnam Solar PV Equipment Market

Competitive Landscape

Competition Overview of Solar PV Equipment market in Vietnam

Market Positioning Analysis

BCG Matrix Analysis of Vietnam Solar PV Equipment Market

Cross Comparison of Top Players

Future Outlook and Projections, 2023E-2027E

Future Market Size of Solar PV Equipment Market in Vietnam on the basis of Revenue and Total Installed Capacity, 2023E-2027E

Future Market Segmentation on the Type of Technology, 2022P-2027E

Future Market Segmentation on the Type of End User, 2022P-2027E

Future Market Segmentation on the Type of Region, 2022P-2027E

Future Market Segmentation on the Type of Mounting, 2022P-2027E

Future Market Segmentation on the Type of Connectivity, 2022P-2027E

Case Study: LONGi Solar

Analyst Recommendations

Industry Speaks

Research Methodology

Disclaimer

Contact Us

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

Vietnam Solar PV Equipment Market

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Philippines Industrial Waste Water Treatment Market Outlook to 2026F

The Spain Pet Insurance Market is growing owing to the Growing Humanization of Pets and Adoption of Advance Technology: Ken Research

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Focus on Pet Tech and Increasing Companion Animal Population Are Major Factors that contribute towards Development of Pet Insurance Market in Spain.

Growth in Adoption of Pets: The domestication of animals is a widespread practice in Spain, where there are around 13 Mn companion animals registered, of which 93% are dogs, according to data from the Spanish Network for the Identification of Companion Animals (REIAC).

Spaniards prefer pet over child: The birth rate is falling year after year, in 2018 the number of births fell by 6.1%, about 23,879 fewer children, a number that was much higher if we go back to the last five years, reaching 58,293 fewer births, which represents a 13.7% difference. However, year after year, the number of pets is increasing, in fact, in the last five years it has increased by 40% to reach 13 Mn pets, of which just over 12 million are dogs.

Entry of New Players in the Market: The first health insurance policy for dogs was sold in Spain a little over 10 years ago, but it has not been until the last 2 years when insurance companies have realized the boom that this insurance product is experiencing. Companies such as Mapfre, AXA, Santa Lucia or Liberty have specific products to cover veterinary expenses and in 2017, the world leader in health insurance for dogs, Petplan, entered the Spanish market.

Rising Animal Health Concerns: As the pet population is increasing in Spain, the health-related concerns of pets have also started increasing. Nowadays, pets are suffering from lots of diseases like liver disease, arthritis and gall bladder disorder etc. and the costs of vets is very high. For avoiding these types of extra expenditure, pet owners have started to take pet insurance cover which is making pet insurance more popular in Spain. Furthermore, for the prevention of obesity, people are making their animals to participate in sports such as horse racing which also increases the probability of pet injuries and accidents, further boosting the pet insurance market.  By watching this trend, the pet insurance companies have also started covering sophisticated medical care for pets like heart surgery, joint replacement, and chemotherapy which has also become a prominent reason for the staggering growth in the Spain Pet Insurance Market.

Analysts at Ken Research in their latest publication “Spain Pet Insurance Market Outlook to 2027F- Driven by rising pet population, increased 'humanization' of pets and awareness of pet health in Spain” observed that Pet Insurance market is an emerging insurance market in Spain and is at the growth stage after the pandemic. The Spain’s new Animal Protection Law and Growing Humanization of Pets are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 11.6% CAGR during 2022-2027F owing to the Improved Online Presence, Civil Liability and new government policies.

Key Segments Covered in the report:-

Spain Pet Insurance Market

By Policy Type

Pet Liability Insurance

Pet Veterinary Insurance

Others

By Type of Animal

Dog

Cat

Others

By Sales Channel

Direct

Agents

Brokers

Bancassurance

By Veterinary Insurance Coverage Type

Accidental only

General health (accident + illness)

By Insurance Type

House Insurance

Stand-alone Policy

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Key Target Audience

Private Insurance Providers

Public Insurance Providers

Insurance Agency

Bancassurance

Brokers

Related Government Agencies

New Entrants

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027F

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Companies Covered:-

Mapfre

SantéVet

Asisa

Caser

Santa Lucía

Pet Plan

Barkibu

Mascota Y Salud

Key Topics Covered in the Report:-

Spain Pet Insurance Market Overview

Business Cycle and Genesis of Spain Pet Insurance Market

Ecosystem and Value Chain of Spain Pet Insurance Market

Spain Pet Insurance Market Size, 2017-2027F

Market Segmentation of Spain Pet Insurance Market

SWOT Analysis and Growth Drivers of Spain Pet Insurance Market

Challenges and Impact of Covid in the Spain Pet Insurance Market

Trends and Developments in Spain Pet Insurance Market

Cross Comparison of Major Players in Spain Pet Insurance Market

Future Outlook of Spain Pet Insurance Market

Analyst Recommendation

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

Spain Pet Insurance Market

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Sweden Pet Insurance Market Outlook 2027F

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UAE Diabetes Care Services Market is in a Growing Stage, owing to Rising Privatization of the Health Care Sector and Increasing Cost of Treatment

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1. UAE Diabetes Care Services Market grew at a CAGR of 5.9% in the period 2017-2022P owing to increasing diabetes cases and Government initiatives to improve the economy

The UAE Diabetes Care Services Market has witnessed a steady growth in the recent years as a result of various initiatives like Vision 2030 undertaken by the government. It is to be noted that Diabetes Screening Initiative by the Government in 2021 has addressed the critical areas of diabetes management and has led to an influx of patients in hospitals for health care services.

On the other hand, rising cases of diabetes as a result of unhealthy lifestyle has also exacerbated the situation. As per the estimates, a total of 550,000 patients of type 2 diabetes exist in the country as of 2022P & their number is expected to witness an uptick in the upcoming years which will probably drive the market growth as well. On the other hand, restraints like lack of medical staff, high competition in the market & low medical tourism marketing can hinder the overall progress.

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2. Digital health applications, telehealth services and data monitoring are the major trends prevalent in UAE Diabetes Care Services Market

 

UAE’s health regulators are increasingly considering the adoption of new smart technologies. The country is predicted to add an additional AED 668.4 Bn to its economy by 2035 on the back of accelerated AI adoption Moreover, smart medi tech breakthroughs in the monitoring market will transform life for 1.2 Mn people in the UAE.  Some of the major innovations include insulin delivery systems, glucometers and others. In terms of telehealth services, it will help the patients in emergencies though medications for diabetes treatment such as insulin are taken by many with the help of health care providers.

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3. Lack of specialized clinics or hospitals exclusively for diabetes treatment is a major market opportunity for a new player in the market.

Number of diabetes affected population in UAE is expected to be 1.1 Mn in 2030. This increases the scope for new clinics in the country. New players can start small diabetes clinics with adequate facilities for diabetes screening and treatment, so that high capital investment can be avoided while existing players can expand their business by establishing small clinics in different locations. Players can focus on using injectable for treatment rather than oral medications, owing to increasing price of drugs such as metformin. Moreover clinics should be equipped with telemedicine services, so that it will be more consumer preferable and profitable. Increasing Government support for health care sector in UAE under UAE 2030 Vision will be a major impetus for new players in the market.

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

UAE Diabetes Care Services Market Outlook to 2027F: Ken Research

Increasing number of pet and animal lovers, rise in per capita incomes and new product innovations are expected to drive the growth of Sweden Pet Insurance Market

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1. Rising adoption of pet insurance and high average premiums are leading to the growth of Sweden Pet Insurance Market at a CAGR of 9.2% from 2017-2022P

Pet insurance penetration in Sweden is high compared to other European countries. Compared to 2020, premium income increased in Sweden’s Pet Insurance Market. Owing to the high number of contracts being signed for animals and high average premiums for animal insurance, the Pet Insurance Market In Sweden has shown a CAGR of 9.2% from 2017-2022P. Increasing number of pet and animal lovers, rise in per capita incomes and new product innovations are expected to drive the growth of Sweden Pet Insurance Market.

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2. Consumers prefer buying insurance from Agencies and bancassurance companies in Sweden Pet Insurance Market 

Agencies are the most preferred mode of distribution in Sweden as of 2022. This is because agencies have a direct relationship with animal owners and hence, pre- and post-sale services remain intact. Owing to the low maintenance and distribution costs, banc assurance are the second most preferred mode of distribution. Brokers are one of the most efficient indirect distribution systems. They specifically target middle-class and upper-class animal owners. They enjoy less preference when compared to agencies and banc assurance.

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3. In order to gain competitive advantage in the market, insurance players should focus on targeted marketing strategies right from the point of pet sales

Pet owners are most likely to sign up for insurance when it’s offered as a complement to their pet purchase. Companies should try to offer insurance at the point of sale in order to turn a one-time customer into an ongoing one. Since, the level of awareness about Pet Insurance among pet owners is high in Sweden, players should leverage it at the first step itself. Existing relationships with customers can help companies make the right insurance offer at the right time. They should leverage data collected from purchase records in their marketing strategy. For example- a customer with several pets might be interested in a multi-pet discount offer. Active marketing and a value offer can help nudge customers over the conversion line.  Insurance is complicated, and sometimes consumers miss out on coverages they need because the details are confusing or buried in legalese. Companies should offer detailed explanations of how pet insurance works and what all is included in the policy to their customers in their advertisements. This will ensure transparency which presently is a major concern in Sweden.

Car Leasing and Rental Services Market in KSA is forecasted to grow further into SAR ~26 Bn opportunity by 2027F: Ken Research

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Non-Oil Sector Diversification: Vision 2030 is encouraging new commercial entities to set up in the country which has increased demand for fleet management, leasing and last mile delivery during the recent period. Saudi Arabia's non-oil business activity expanded at the fastest rate in seven years in November 2022, supported by a sharp rise in new orders and continued confidence in the growth outlook.

Expansion of Tourism and Travel Industry: Growing tourism in the kingdom's western region, supported by new hospitality and tourism initiatives like red sea development and the introduction of e-visas for visitors from 49 countries for reasons other than religious and medical tourism. Other driving factors include religious tourists to holy sites like Mecca and Medina, and the growing medical tourism sector - with KSA’s state of art medical facilities attracting more medical tourists every year.

Sluggish Growth in Market: Slow growth in the market during 2016-2017 can be attributed to sluggish economic growth owing to cheap oil which led to fiscal consolidation weakening investor and consumer sentiment. Also, shortage of liquidity and capital crunch forced companies to cut costs, with even leasing companies were reducing their lease price to be competitive and to stay in business.

Severe Competition and Increasing Costs: Emergence of ride-hailing applications and rising popularity of online bookings are leading to further fragmentation in the market which is making competition intense. On the other hand, digitization has increased marketing costs incurred to build and maintain websites and mobile applications.

Analysts at Ken Research in their latest publication “KSA Car Rental and Leasing Market Outlook to 2027F- Driven by Infrastructure Development, Growing Tourism and Diversification of Economy” by Ken Research observed that Car Rental and Leasing market is an emergent automotive market in KSA at a growing stage from the economic crisis after pandemic. The rising government policies and introduction of EVs, growth in travel industry along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 11.7% CAGR during 2022-2027F owing to investment in tourism, infrastructure development and new government policies.

Key Segments Covered in the report:

KSA Car Rental and Leasing Market Segmentation:

• By type of vehicles:
• Small Cars
• Sedans
• SUVs and MUVs
• Pick-up trucks
• Premium and Luxury

• By Region:
• Central Region
• Western Region
• Eastern Region
• Others (Northern and Southern)

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• By End-User:
• Private
• Commercial
• Government & Semi Government Contracts

KSA Car Leasing Market Segmentation:

• By type of leaser:
• Car Leasing Companies
• Car Dealers

• By Organization:
• Organized
• Unorganized

• By type of vehicles:
• Small Cars
• Sedans
• SUVs and MUVs
• Pick-up trucks
• Premium and Luxury
• By Duration for Fleets Leased:
• 1 years
• 2 years
• 3 years
• 4 years and more
• By Region:
• Central Region
• Western Region
• Eastern Region
• Others (Northern and Southern)

• By End-User:
• Private
• Commercial
• Government & Semi Government Contracts

• By Commercial:
• Logistics Companies
• FMCG and E-commerce
• Oil, Gas & Refineries
• Construction
• Others- Remaining Industries

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KSA Car Rental Market Segmentation:

• By Organization:
• Organized
• Unorganized

• By Pickup Point:
• Off-airport
• On-airport

• By type of vehicles:
• Small Cars
• Sedans
• SUVs and MUVs
• Pick-up trucks
• Premium and Luxury

• By Region:
• Central Region
• Western Region
• Eastern Region
• Others (Northern and Southern)

• By End-User:
• Private
• Commercial
• Government & Semi Government Contracts

Key Target Audience:

• Car Rental Service Providers
• Car Rental Companies aiming to establish in KSA
• KSA automotive industries
• Government Bodies & Regulating Authorities
• Venture Capitalist targeting the car rental market
• Automotive industry association
• Car Manufacturers
• Existing Car Rental Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Car Rental Associations

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027F

Companies Covered:

• Budget Rent a Car
• Theeb
• Key Car Rental
• Hanco
• Avis
• Al jazira/ Auto World
• AL Jabr
• Best Rent a car
• Samara/SIXT

Key Topics Covered in the Report:

• KSA Automotive Market Overview
• Ecosystem and Business Cycle of KSA Car Leasing and Rental Market
• Timeline of players and Value Chain Analysis of KSA Car Leasing and Rental Market
• KSA Car Leasing and Rental Market Segmentation
• KSA Car Leasing Market Size and Segmentation
• KSA Car Rental Market Size and Segmentation
• Porter’s Five Forces Analysis of KSA Car Leasing and Rental Market
• Growth Drivers, Trends and Issues is KSA Car Leasing and Rental Market
• End User Analysis of KSA Car Leasing and Rental Market
• Competition Framework for KSA Car Leasing and Rental Market
• Future Outlook of KSA Car Rental and Leasing Market
• Case Study of Chinese Rental Market
• Analyst Recommendations and Interview with Industry Expert

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

KSA Car Rental and Leasing Market Outlook to 2027F: Ken Research

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Total Tourism Revenues in 2022 amounted to BHD 1.2 Bn exceeding the objective set out in the new tourism strategy for the Kingdom of Bahrain 2022-2027F leading to increase in Bahrain Car Rental Market: Ken Research

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Focus on Embracing Digitization, Growing Tourism, New Government Initiatives and Entry of Online portals in the market are major factors contributing towards development of Car Rental Market in Bahrain.

• Bahrain and Saudi Arabia are committed to enhancing joint cooperation in developing infrastructure, road services, and city and region planning, by benefiting from experiences and exchanging engineering expertise.
• Self-drive, a UAE-based online car rental firm, has revealed its plan to expand its geographical footprint by launching in Qatar and Bahrain, following the app’s growing popularity and success that will now cater to the needs of individual customers, business executives, visitors and corporates.

Cybersecurity pillar for Bahrain progress: Bahrain’s keenness to develop the ICT infrastructure and adopt many initiatives and projects to improve the readiness and security of information, in a way that enhances its advanced world-standard digital infrastructure and contributes to protecting its cybersecurity. The Kingdom is one of the leading countries in the region in the field of cybersecurity. It has launched the necessary initiatives and set up the basic rules of cybersecurity to put in place a robust and sustainable electronic environment, capable of confronting the increasing cyber challenges.

Bahrain committed to resolving air pollution and improving traffic flow: The new infrastructure plans will work to improve air quality and reduce traffic in the Kingdom. According to a study conducted by Pub Med Central, Bahrain has a high annual concentration of PM 2.5, and now citizens are starting to become aware to the health risks associated with air quality. According to UN Environment, reducing emissions from transport is a critical factor in decreasing air pollution in the Kingdom of Bahrain. Transport in Bahrain relies heavily on roads, with private cars being the most dominant mode of transportation.

New Government Initiatives and Big boost for Bahrain: The Bahrain Tourism and Exhibitions Authority (BTEA) has announced the launch of special travel packages to welcome GCC tourists, in collaboration with tourism partners. BTEA Chief Executive Officer said that the launch of the packages coincides with the Bahrain Festive Season this December, during which BTEA has prepared a program filled with festivals and events. The tourism packages will grant GCC nationals and residents the opportunity to visit Bahrain with special rates for hotel reservations, access to sightseeing activities tailored to their budget, and entry to various events.

Analysts at Ken Research in their latest publication “Bahrain Car Rental Market Outlook to 2027F- Driven by Type of Market Structure (Organized and Unorganized), by Type of Car (Sedan, Hatchback, SUV, Van, Crossover, Others), By Booking Type (Online booking, Offline booking), By End User Type (Self-driven, Chauffeur) and By Vehicle Type (Economy cars, Luxury cars)” by Ken Research observed that Car rental market is an emerging automotive market in Bahrain at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for car rental industry, with rising tourism in Bahrain is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2022-2027F owing to the factors mentioned above.

Key Segments Covered in the report:-

Bahrain Car Rental Market

By Type of Market Structure  

Organized Channel

Unorganized Channel

By Type Of Car

Sedan

Hatchback

SUV

Van

Crossover

Others

By Booking type

Online booking

Offline booking

By End User Type

Self-driven

Chauffeur

By Vehicle Type

Economy cars

Luxury cars

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Key Target Audience

Car Rental Dealers

Car Rental Equipment Manufacturers and Distributors

Auto Portals

Online Dealers

Car Booking offices

Unauthorized Dealers

Market Research and Consulting Firms

Automotive Companies

Car Renting Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

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Companies Covered:-

Leading companies

Montreal Motors Co.

SPC

National Car Rental Bahrain

Kanoo Daily Rental

Hanco

Avis Corporation Regency

Rent- A- Car

Fast Rent A Car

City Car

Budget Bahrain

Sixt SE

Al Sayer

Europcar

Key Topics Covered in the Report:-

Executive Summary

Overview for Vehicle Renting Industry in Bahrain

Ecosystem for Bahrain Vehicle Renting Market

Value Chain Analysis for Bahrain Vehicle Renting Market

Market Size of Bahrain Vehicle Renting Industry

Market size for Bahrain Vehicle Renting Industry on the basis of Value and Number of Fleet, 2017-2022

Bahrain Vehicle Renting Industry Segmentation, 2022

Porter’s Five Forces Analysis of Bahrain Vehicle Renting Market

Growth Enablers in Bahrain Vehicle Renting Market

Trends and Developments in Bahrain Vehicle Renting Market

Issues and Challenges in Bahrain Vehicle Renting Market

Government Regulations and Initiatives

End-User Analysis in Bahrain Vehicle Renting Industry, 2022

Cross Comparison between different End Users

Competitive Landscape in Bahrain Vehicle Renting Industry

Marketing Strategies by some Vehicle Renting Companies

Future Outlook and Projections of the Bahrain Vehicle Renting Industry, 2022-2027F

Analyst Recommendations

Industry Speaks

Research Methodology

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

Bahrain Car Rental Market

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Germany Online Advertising Market Outlook To 2027: Ken Research

                                                                                                                                                 Buy Now

Focus on Embracing Digitization, New Government Policies and Entry of Online portals in the market are major factors contributing towards development of Online Advertising Market in Germany.

New Age Marketing Medium: Digital advertising and mobile marketing are the new age marketing techniques that would drive businesses and integrate them into the Industrial Revolution 4.0. With a large number of SMEs shifting to online sales, increasing smartphone users, and a lack of on-ground events or exhibitions in the near future would provide the necessary advertising channels and prove to deliver a positive impact on the Online Advertising Market in due course of time. 

Increase in Smartphone Penetration: The gradual increase in smartphone penetration in the Germany is likely to drive market growth. The Germany had one of the highest smartphone penetration rates in the world as of 2021, with 80.5% percent of the population using a smartphone. The smartphone business has undergone a complete transformation to meet future customers' needs due to increased social media usage, OTT (Over the Top) consumption on the go, work and school from home, and the influence of content providers. The Germany Smartphone market is mainly driven by increased internet use, usage, and product innovation.

Support by Multinational Technology Companies: Google is highly focused on launching new features and aimed at helping advertisers to use the company's services to make their products stand out in web search results and on other platforms. The Platforms allows to create online ads to reach to correct target audiences and offer various payment models such as pay-per-click (PPC) advertising. Thus, this is expected to encourage companies to invest in ads, propelling the market growth, especially in Germany.

Impact of COVID: Germany’s digital ad spending had grown at double-digit rates for each of the past few years, but pandemic-disrupted 2020 have slowed down the growth due to decline in ad spending made by Auto companies, and travel companies in Germany. Ad spending made by Retail sector and Healthcare sector is expected to contribute a lot in the coming years in the Online advertisement market in Germany

Analysts at Ken Research in their latest publication “Germany Online Advertising Market Outlook to 2027F” by Ken Research observed that online advertising is an emerging advertising market which has boosted after pandemic. Technological developments regarding the internet, combined with its increasing commercial use and the rapidly growing number of internet users worldwide, have not only shaped the evolution of online advertising and digital advertising but have also given rise to new advertising business models, mediums and players and is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2023-2027F.

Key Segments Covered in the report

      Online Advertising Market

• By Type (On the Basis of Ad Expenditure)
• Digital Advertising Market
• Traditional Advertising Market
• By Medium (On the Basis of Ad Expenditure)
• Desktop Advertising
• Mobile Advertising
• By Type of Advertisement (On the Basis of Ad Expenditure)
• Search Advertising
• Social Media Advertising
• Display Advertising
• Video Advertising
• Audio Advertising
• Other Advertising (Native Advertising, Classifieds, Lead Generation, Buzz/Content Advertising, Email Marketing and more)
• By Ad-Format on the Basis of Platforms (On the Basis of Ad Expenditure)
• Social Media Advertising
    Facebook
    Instagram
    Others
• Search  Advertising
    Google
    Yahoo & Bing
    Amazon
    Others
• Video Advertising
    YouTube
    Others
• Further Segmentation by Medium (Desktop and Mobile, On the Basis of Ad Expenditure)
• Social Media Advertising
    Mobile
    Desktop
• Video Advertising
    Mobile
    Desktop
• Search Advertising
    Mobile
    Desktop
• Audio Advertising
    Mobile
    Desktop
• Other Advertising (Native Advertising, Classifieds, Lead Generation, Buzz/Content Advertising, Email Marketing and more)
    Mobile
    Desktop

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• By Sectors (On the Basis of Ad Expenditure)
• Retail
• Automotive
• Financial Services
• Telecommunications
• Leisure Travel
• Consumer Packaged Goods
• Electronics & Computers
• Pharmaceuticals/Healthcare
• Media
• Entertainment
• Others (Real-Estate, Education, Agrochemicals, Energy, Construction and more)
• By Ad-Buyers (On the Basis of Ad Expenditure)
• Direct
• Ad Agencies
  
  By Pricing Model (On the Basis of Ad Expenditure)
• Performance
• Cost Per Mile
• Hybrid

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Key Target Audience

• Advertising Agencies
• Social Networking Platforms
• End User Industries Investing in Digital Advertising
• Regulatory Bodies and Government Agencies
• Investors

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:

Major Ad Agencies

• TBWA Germany
• DDB Group
• BBDO Group
• Serviceplan Group
• Scholz and Friends Group
• Kolle Rebbe and more

  Major Online Platforms

• Google (including YouTube)
• Facebook (including Instagram)
• Amazon
• Microsoft (including LinkedIn)
• Verizon Media
• Tencent
• Baidu
• ByteDance

Key Topics Covered in the Report

• Germany Online Advertising Market Introduction (Historical Evolution, Overview, Genesis, Business Cycle)
• Germany Online Advertising Market Size,
• Germany Online Advertising Market Segmentation
• SWOT Analysis of Germany Online Advertising Market
• Growth Drivers, Trends and Developments in Germany Online Advertising Market
• Issues and Challenges in Germany Online Advertising Market
• Regulatory Framework in Germany Online Advertising Market
• Customer Profiling in Germany Online Advertising Market
• Case Studies Covered in Germany Online Advertising Market
• Competitive Landscape in Germany Online Advertising Market
• Germany Online Advertising Market Future Outlook and Projections,
• Analyst Recommendations

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

France Online Advertisement Market Outlook 2027F: Ken Research

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USA Drone Market is in Growing Stage, Being Driven by Advance technology, unmanned aerial transport, intelligent mapping and low power consumption: Ken Research

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1.  USA Drone Market has increased in 2022 at a CAGR of 13.17% owing to the increase in the adoption of drones, especially by commercial businesses in USA

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The potential for the use of drones is really high. Drones are very versatile and can be used easily within many industries. Just like robots, they can replace basic jobs which require humans. Major industries such as Agriculture, Construction and law enforcement will benefit from the use of drones. Logistics will lead the way for drones in future as a significant chunk of logistic/e-commerce companies will implement drones for last-mile deliveries as they can reduce logistics costs significantly.

2. Increasing Customer Reach will ensure business sustainability as USA Drone Market is currently in a growing phase

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Military drones dominated the drone market since they were not available to the common masses. The market was in a nascent stage around this time and saw the emergence of new technologies. Prices of drone hardware, software, and services continue to fall as drone companies compete for market share through penetration pricing. Rapid Industrialization and digitization in online business channels are expected to propel the drone market growth.

3. Domestic and International players coexist on the supply side of the USA Drone Market, which is majorly consolidated

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Textron Inc. leverages its global network of aircraft, defence, industrial and finance businesses to provide customers with innovative solutions and services. The parent company of many brands including Bell and Cessna. General Atomics Aeronautical Systems, Inc. (GA-ASI), founded in 1955 is a leading manufacturer of Remotely Piloted Aircraft (RPA) systems, radars, and electro-optic and related mission systems solutions AeroVironment, Inc. is an American defence contractor that designs and manufactures unmanned aerial vehicles. Dr Paul B. MacCready Jr., a designer of human-powered aircraft, founded the company in 1971.

The market is majorly consolidated where domestic and international players coexist on the supply side. The drone market is quickly developing, with industry leaders such as DJI and Parrot seeking autonomy in all drone capabilities and operations.

Malaysia Used Smartphone Market is expected to grow at a CAGR of 14.9% between of 2022F-2026F: Ken Research

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1.  4% of the population uses smartphones in 2021, and people belonging to the age group of 20-34 years constitute the highest number of smartphone users.

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Affordable devices and packages, subsidies, aggressive competition, and promotions among service providers were observed to be the driving factors for this growth. Growing use and reliance on smartphone-based applications may also contribute to the increase. On the other hand, feature phone users were on a declining trend which stood at only 7.5% in 2021. The usage of smartphones among all age groups reached more than 80% in 2021. It was observed that smartphone usage is the highest amongst the respondents under the age of 35, and the trend is declining in the older age groups. On the other hand, feature phones are mostly used by individuals aged 65 years old and above.

2. Malaysia Used Smartphone Market has grown in the last five years.

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Affordable devices and packages, subsidies, aggressive competition, and promotions among service providers were observed to be the driving factors for this growth. Growing use and reliance on smartphone-based applications may also contribute to the increase. On the other hand, feature phone users were on a declining trend which stood at only 7.5% in 2021. The usage of smartphones among all age groups reached more than 80% in 2021. It was observed that smartphone usage is the highest amongst the respondents under the age of 35, and the trend is declining in the older age groups. On the other hand, feature phones are mostly used by individuals aged 65 years old and above.

3. Offline dealers dominate Malaysia Used Smartphone Market

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Offline dealers of the used smartphone market have a 50.0% share of the market as people prefer being able to check and verify the condition of the used smartphone before buying it. Classified Sellers of Used Smartphones like COMPASIA, Lazada, Shopee, etc., constitute the second largest market share. In 2021, offline marketplaces dominate the market. Marketing through online marketplaces is popular among all types of online and classified businesses. Companies that have a strong presence offline, carry out their marketing through social media platforms or their own websites.