Monday, January 30, 2023

Global Medical Plastic market revenue to reach US$ 60 Bn by 2028: Ken Research

 Global Medical Plastic Market By Geography

North America accounted for the largest market share in 2022 within the total Global Medical Plastics Market.

North America dominated the regional market and contributed a significant share of total sales in 2022. The growing older population in the USA and the rising need for home healthcare services are the main factors driving the market for medical plastics in North America.

The regional market is also anticipated to be driven by increasing product demand for pharmaceutical packaging applications and the swift expansion of the pharmaceutical industries in Mexico and Canada.

Global Medical Plastic market Outlook

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Competition Scenario In Global Medical Plastic Market

The Global Medical Plastics Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players.

Large global players constitute ~5% while regional players constitute ~45% of the competition. Some of the major players in the market include Evonik Industries AG, Solvay S.A., Dow, Eastman Chemical Company, Röchling Group, DuPont de Nemours Inc., BASF SE, Celanese Corporation, Mitsubishi Chemical Corporation, Nolato AB, Saint-Gobain Performance Plastics, and others.

What Is The Expected Future Outlook For The Overall Global Medical Plastic Market Across The Globe?

The Global Medical Plastic market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Medical Plastic market is driven by the rising awareness regarding personal hygiene, technological advancement, and high investment by the players in the development of medical plastics. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Furthermore, with the increasing mergers and acquisitions, the Global Medical Plastic market is changing rapidly. For instance, In June 2021, Pawling Engineered Products, a New York-based manufacturer of specialized elastomeric inflated seals and extruded solutions, has been acquired by Minnesota Rubber and Plastics, a producer of highly engineered elastomer and thermoplastic solutions for the Medical, Water, and Industrial end industries. In January 2021,

Custom plastic injection molder PTA Plastics reported investing more than US$2 million in property and capital equipment to accommodate demand from current and potential clients in the medical industry.

In December 2020, Peel Master Medical Packaging Corporation was acquired by Spectrum Plastics Group, a market leader in specialized medical packaging, components, and contract manufacturing. Peel Master will strengthen the business's position as a flexible and specialized packaging provider for the medical device industry.

The Global Medical Plastics Market is forecasted to continue a gradual growth. Key trends driving market expansion include the aging population's demand for improved medical gadgets, rising healthcare spending in developing nations like China and India, and an increase in demand for inexpensive and effective healthcare systems. The market is highly competitive with ~300 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Key Topics Covered in the Report

  • Snapshot of the Global Medical Plastics Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Medical Plastics Market
  • Historic Growth of the Overall Global Medical Plastics Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Medical Plastics Market
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • COVID-19 Impact on the Overall Global Medical Plastics Market
  • Future Market Forecast and Growth Rates of the Total Global Medical Plastics Market and by Segments
  • Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
  • Analysis of the Medical Plastics 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

Major Players Mentioned in the report

  • Evonik Industries AG
  • Solvay S.A.
  • Dow
  • Eastman Chemical Company
  • Röchling Group
  • DuPont de Nemours Inc.
  • BASF SE
  • Celanese Corporation
  • Mitsubishi Chemical Corporation
  • Nolato AB
  • Saint-Gobain Performance Plastics

Notable Emerging Companies Mentioned in the Report

  • Minnesota Rubber & Plastics
  • Advantech Plastics, LLC
  • Industrial Plastic Supply, Inc.
  • Somerset Plastics Co., Inc.
  • Total Plastics, Inc.

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

  • Medical Machine and Equipment Manufacturers
  • Plastics Manufacturers
  • Laboratory Equipment Dealers
  • Healthcare Products Manufacturers
  • Medical Device Packaging Manufacturers
  • Plastics Chemical Manufacturers
  • Organic Polymers Manufacturers
  • Implant Packaging Manufacturers
  • Medical Soft Goods Manufacturers
  • BioPharm Devices Manufacturers
  • Government Healthcare Departments
  • Environmental Protection Regulators
  • Chemical Products Suppliers

Time Period Captured in the Report

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

For More Information on the Research Report, refer to below links: –

Global Medical Plastic market

Global Medical Plastic market expected to record a CAGR of ~7% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Medical Plastic Industry?

Global Medical Plastic market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Medical Plastic Market is largely driven by rising awareness regarding personal hygiene, technological advancement, and high investment by the players in the development of medical plastics.

Global Medical Plastics Industry

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The demand for medical plastics has grown as a result of the continually rising human population. Due to the constant rise in plastic production and waste creation caused by these items, environmental pollution levels are rising and the development of the medical plastics industry is being hampered. These are typically non-recyclable materials that receive separate treatments to prevent the spread of infection.

The COVID-19 pandemic has had a positive effect on some medical equipment markets. Polyethylene, polypropylene, and engineering plastics are just a few of the polymers that were highly demanded and are still in demand due to medical uses as well as due to the increased production of medical supplies and equipment during the pandemic, such as thermal scanners, ventilators, respirators, masks, and gloves. Additionally, increasing consumer awareness of good hygiene is promoting product consumption and fosters market expansion after COVID-19.

Global Medical Plastic Market By Product

The Global Medical Plastic market is segmented by product into Polyethylene, Polypropylene, Polycarbonate, Liquid Crystal Polymer and Polyphenylsulfone.

The Polyphenylsulfone product segment held the largest market share in the Global Medical Plastics Market in 2022.

Polyphenylsulfone resists heat and chemicals well, it is preferable for replacing metals in medical applications. The manufacturing of single- and multiple-use surgical instruments is made possible by these plastics' strong flexural strength, impact resistance, and longevity.

Medical devices that must be frequently steam sterilized adopt Polyphenylsulfone because of its resilience to high temperatures. These plastics are increasingly being employed in the production of biopharmaceutical products and surgical robots.

Global Medical Plastic Market By Application

The Global Medical Plastic Market is segmented by Application into Medical Device Packaging, Medical Components, Wound Care, BioPharm Devices, Tooth Implants and Others.

The medical components application segment held the largest share of the Global Medical Plastics Market in 2022 and the demand is anticipated to be driven by the expanding range of applications for polypropylene in the production of diagnostic pans, tools, trays, implant trials, containers, syringes, and medical cover sheets.

Polypropylene is anticipated to experience significant expansion in the application for medical components owing to its high level of microbiological and chemical resistance, low weight, and low price, and can be used in the production of a variety of medical disposables.

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Key Topics Covered in the Report

  • Snapshot of the Global Medical Plastics Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Medical Plastics Market
  • Historic Growth of the Overall Global Medical Plastics Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Medical Plastics Market
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • COVID-19 Impact on the Overall Global Medical Plastics Market
  • Future Market Forecast and Growth Rates of the Total Global Medical Plastics Market and by Segments
  • Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
  • Analysis of the Medical Plastics 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

Major Players Mentioned in the report

  • Evonik Industries AG
  • Solvay S.A.
  • Dow
  • Eastman Chemical Company
  • Röchling Group
  • DuPont de Nemours Inc.
  • BASF SE
  • Celanese Corporation
  • Mitsubishi Chemical Corporation
  • Nolato AB
  • Saint-Gobain Performance Plastics

Notable Emerging Companies Mentioned in the Report

  • Minnesota Rubber & Plastics
  • Advantech Plastics, LLC
  • Industrial Plastic Supply, Inc.
  • Somerset Plastics Co., Inc.
  • Total Plastics, Inc.

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

  • Medical Machine and Equipment Manufacturers
  • Plastics Manufacturers
  • Laboratory Equipment Dealers
  • Healthcare Products Manufacturers
  • Medical Device Packaging Manufacturers
  • Plastics Chemical Manufacturers
  • Organic Polymers Manufacturers
  • Implant Packaging Manufacturers
  • Medical Soft Goods Manufacturers
  • BioPharm Devices Manufacturers
  • Government Healthcare Departments
  • Environmental Protection Regulators
  • Chemical Products Suppliers

Time Period Captured in the Report

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

For More Information on the Research Report, refer to below links: –

Global Medical Plastic market

Rising demand of automotives, Positive Outlook for E-Vehicles, and Potential for Fintech Growth will drive Philippines Auto Finance Market: Ken Research

 Growing Digital Advancements: The Industry is increasingly moving towards newer technology such as Artificial Intelligence and Machine Learning to improve its efficiency. The Insurance Commission continues to push for digitalization and further innovation by promoting better customer service. For instance, Fintech PH aims to position the Philippines as a hub for technological innovation in financial services through the partnership with the technology associations in China, Denmark, Israel, Japan, Malaysia, Singapore, and Thailand. In the past, 5 – 10 years, Philippines is witnessing a new wave of digital enhancements with several new fin-tech platforms for aggregation, peer – to – peer lending and more coming in the market. Some of the most well-known of these start- ups are- Moneymax, Seekcop, Justpay.to, pesopay etc.

Constant growth in automobile industry: Despite supply constraints, the auto industry seems to be growing at a high rate. The rise in private car service financing is driving the Philippines automotive financing market. For instance, it is the fourth largest automotive market in South East Asia increased by double digit in May 2022.

Increasing Private Hire Car Service, a large number of people in Philippines are now preferring private Hire Cars leading to potential increase in their financing in future.

Green Car Loans or Electric Vehicles is an emerging segment in Philippines leading way for green loans in the country.

Green Vehicle Policy: The Philippine electric vehicle (e-vehicle) industry aims to have a nation where the use of electric vehicles is highly promoted, encouraged, and supported by its government and society in order to develop a transportation landscape that is one with the environment, ecologically and economically.

The EV Act seeks to develop the Philippine electric vehicle (EV) industry and create a Comprehensive Roadmap for the EV Industry (CREVI). The law covers the manufacture, assembly, construction, import, trade and regulation of EVs, related equipment and their charging stations, and the tax incentives accompanying these projects.

Financial Support Provision: Auto Finance Companies and Dealerships are also expected to further increase their financing and contracting options making them more flexible to support retail Sales. It is expected that NBFC and Captive companies will start picking up more pace than Commercial Banks in Philippines Auto finance Industry

Analysts at Ken Research in their latest publication Philippines Auto Finance Market Outlook to 2026- Driven by change in consumer spending, ease in provision of loans, improving technology and government support” by Ken Research observed that Auto Finance Market is an emergent market in Philippines at a growing stage even during the pandemic as well. The rising demand for automobiles, Positive Outlook for E-Vehicles, and growing digital advancement like Artificial Intelligence and Machine Learning, are expected to contribute to the market growth over the forecast period. The Philippines Auto Finance Market is expected to see high growth rate over the forecasted period 2021-2026F.

Philippines Auto Finance Industry

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Key Segments Covered:-

Philippines Auto Finance Market

By Category of Lenders (By Credit dispersed), 2021 & 2026F

Universal and Commercial Banks

Thrift Banks

NBFCs

Captives

By Type Of Vehicles (By Credit dispersed), 2021 & 2026F

Two and Three Wheelers

Four Wheelers

Buses and Trucks

By Type of Ownership (By Credit dispersed), 2021 & 2026F

Used Cars

New Cars

By Category of Vehicles (By Credit dispersed), 2021 & 2026F

Passenger Vehicles

Commercial Vehicles

By Loan Tenure (By Credit dispersed), 2021 & 2026F

12 – 24 Months

25 – 48 Months

By Geographical Location (By Credit dispersed), 2021 & 2026F

Region I

Region II

Region III

Region IV – A

Region IV – B

Region V

Region VI

Region VII

Region VIII

Region IX

Region X

Region XI

Region XII

NCR

A.R

CARAGA

Key Target Audience

Banks and its Subsidiaries

NBFCs

Captive Finance Companies

Government and Institutions

Automobile Companies

Car Dealers

Government and Institutions

Existing Auto Finance Companies

OEM Dealerships

New Market Entrants

Investors

Auto mobile Associations

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Time Period Captured in the Report:-

Historical Period: 2016-2020

Base Year: 2021

Forecast Period: 2022– 2026F

Companies Covered:-

Asialink Finance Corporation

Yulon Finance Philippines Corporation

Security Bank

MetroBank

Welcome Bank

Toyota Financial Services Philippines Corporation (TFSPH)

Bank of Philippines Island

BDO Unibank

Malayan Insurance

Philippine Depository and Trust Corporation

LBP leasing and Financing Corporation

Robinsons Bank

The Philippine Bank of Communications (PBCOM)

Land Bank of Philippines

Asia United Bank

Development Bank of Philippines

Union Bank

Sterling Bank of Philippines

Penbank and more

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

Philippines Auto Finance Market

Related Reports By Ken Research:-

KSA Auto Finance Market Outlook to 2026F

Singapore Auto Finance Market Outlook to 2025 (Edition II)

Thailand Auto Finance Market Outlook to 2024

Sunday, January 29, 2023

Malaysia Online Insurance Industry is expected to grow by Increase in Internet Penetration, Government support Along with Low Cost of Infrastructure: Ken Research

 Malaysians are embracing digital channels for their insurance needs. The market is currently in growth stage, with increasing adoption driven by a wide network of agents, insurance aggregators, financial advisors and online websites. Malaysia Online Insurance market ecosystem constitutes of entities such as Insurance Companies (Offline & Online), Online Aggregators, and two regulatory bodies.

Malaysia Online Insurance Market Forecast

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Key Market Findings:

  • During Covid pandemic, there has been a significant increase in online insurance users due to peoples’ preference for avoiding physical contact and demand for health insurance
  • Government has provided support towards the online insurance industry by creating multiple agencies and regulatory bodies overseeing and assisting the operations of insurance players
  • Mining social media data improves risk assessment for insurers, bolstering fraud detection capabilities, and new customer experiences.

Government Participation: Bank Negara Malaysia (BNM) is preparing a regulatory framework for digital insurers and digital takaful operators, to be finalized in 2022. The proposed framework aims to attract new digital players with innovative solutions to tackle protection gaps. Growing implementation of Life Insurance and Family Takaful by several government bodies across Malaysia is primarily driving the market for takaful insurance. Moreover, the wide presence of the Muslim population in the country is catalyzing the market growth.

Pandemic Growth: Due to COVID-19 lockdown restrictions & global automobile chip shortage, the Motor insurance segment is expected to grow by 1.9% in 2022, driven by an increase in vehicle sales. Telehealth services gained during pandemic. Restrictive measures amid pandemic motivated insurers to launch usage-based insurance policies to financially aid customer. They have launched digital solutions to safeguard customers.

Building Product Portfolio: Aggregator model is developing and is expected to increase in future due to easy comparisons and discounts. More than 80% of Malaysian consumers are willing to share their financial, health and other personal data to gain access to the additional value added services. Signaling consumers’ trust in their insurance providers, thereby opening the door for these insurers to build a stronger relationship with consumers. The digital channel of distribution for insurance solutions in the country gained traction due to the restrictive measures imposed in the country during pandemic.

The report titled Malaysia Online Insurance Market Outlook to 2026F: Driven by a growth in demand for insurance at greater convenience and lesser cost in the country by Ken Research suggested that the Malaysia Online Insurance  market is expected to grow significantly owing to increased government focus, technological developments, development of Aggregators and increased convenience. The market is expected to register a positive five year CAGR in terms of gross direct premium during the forecast period 2021-2026F.

Key Segments Covered in Malaysia Online Insurance Industry

Malaysia Online Insurance Market

By Product type of Insurance basis Gross Premium

  • Life Insurance
  • Family Takaful
  • General Takaful
  • General Insurance

By Product type of General Insurance basis Gross Premium

  • Motor Insuranc
  • Medical & Health
  • Employer’s liability
  • Personal accident

By Type of Entity basis Gross Premium

  • Captive Players
  • Aggregator Players
  • Financial Advisors

By Region basis Gross Premium

  • Penang
  • Johar
  • Klang Valley & Selangor

Key Target Audience

  • Insurance players
  • Online Insurance Captive players
  • Online Insurance Aggregators players
  • Insurance Technology provider
  • Insurance users
  • New Entrant in Online Insurance space
  • Associated or affiliated Banks with Insurance entities
  • Regulatory Bodies for Insurance entities

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Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Forecast Period: 2022-2026F

Companies Covered:

Online Insurane Aggregators

  • Policy Street
  • Bjak
  • Qoala

Online Insurance Captive Players

  • Liberty Insurance
  • Axa Affin Insurance
  • eTiQa Insurance
  • AIA Malaysia
  • Takaful Ikhlas
  • Tune Insurance
  • Zurich Insurance
  • Chubb Insurance
  • Allanz Malaysia Berhad
  • FWD Takaful

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

Malaysia Online Insurance Market

Related Reports By Ken Research:-

Singapore Online Insurance Market Outlook to 2026

Thailand Online Insurance Market Outlook to 2027F

UAE Online Insurance Industry Outlook to 2024

Saturday, January 28, 2023

Global Mental Wellness Industry is growing at a CAGR of ~6% during 2022-2028: Ken Research

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Global Mental Wellness Market by Age Group

The Global Mental Wellness market is segmented by Age group into Adult, Geriatric and Teenager. The adult segment accounted for the highest market share in 202 owing to the adult’s experience in multiple phases of development from early adulthood to late adulthood, such as obtaining personal and financial independence, success, recognition, and security.

Extreme fear or worry, feelings of deep sadness or emotional numbness, abrupt mood changes, staying away from friends and social situations, changes in eating habits, substance abuse, trouble concentrating, changes in sleeping habits, and suicidal ideation are all symptoms of mental trauma in young adults.

Global Mental Wellness Market by Service

The Global Mental Wellness market is segmented by Service into Emergency Mental Health Services, Outpatient Counselling, Home-based Treatment Services, Inpatient Hospital Treatment Services and Others. The Inpatient Hospital Treatment Services segment accounted for the highest market share in 2022 due to a growth in the prevalence of mental illnesses, a larger patient population, and a large number of patients using mental health interventions to improve self-care.

The prevalence of mental disorders is rising, there are more patients, and many patients are employing mental health interventions to improve self-care, which is fueling the segment's revenue growth.

Global Mental Wellness Market by Geography

The Global Mental Wellness market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest market share among all regions in 2022, owing to the presence of major Mental Wellness therapies and treatment organizations like Acadia Healthcare, Behavioral Health Network, Inc., CVS Health, and many more.

global-mental-wellness-market

As more individuals are adopting cutting-edge technologies and because both healthcare experts and those working in the corporate sector in a developed country like USA are becoming more conscious of the importance of mental health. The region's mental wellness market is growing as a result of the development of activities in the area, including a sharper focus on creating innovative services and the presence of key companies. Additionally, as a result of the rise in smartphone and tablet usage, people are stepping up the attempts to improve overall mental health.

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Key Topics Covered in the Report: –

Snapshot of Mental Wellness Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Mental Wellness Market

Historic Growth of the Overall Mental Wellness Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Mental Wellness Market Industry

Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors

COVID-19 Impact on the Overall Mental Wellness Market

Future Market Forecast and Growth Rates of the Total Mental Wellness Market and by Segments

Market Size of Segments with Historical CAGR and Future Forecasts

Analysis of the Mental Wellness Market in Global Regions

Major Mental Wellness Type/Supply and Consumption/Demand Hubs in the Region

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

Overview of Notable Emerging Competitor Companies within the Region

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Notable Key Players Mentioned in the Report

Acadia Healthcare

Amare Global

Ascension

Behavioral Health Network, Inc.

CVS Health

CareTech

Headspace Inc.

Promises Behavioral Health

Pyramid Healthcare Inc.

Universal Health Services

Notable Emerging Companies Mentioned in the Report

Wysa

MindPeers

Gratitude

YourDOST

Jeeva

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

Manufacturers and Suppliers of Brain Health Supplements

Consultants for Brain Health Supplements

Distributors of Supplements for Brain Health

Brain Health Supplements Companies

Mental Wellness Service Providers

Wellness Solutions Companies

Wellness Products Nutritional Supplement Industries

Wellness Product Manufacturers and Raw Material Suppliers

Suppliers of Raw Materials for Nutritional Supplements

Health Supplements Organizations, Forums, Alliances, and Associations

Mental Wellness Research Organizations, and Consulting Companies

Health Regulatory Organizations and Government Agencies

Government Ministries and Departments of Healthcare

PE and VC Firms focused on Wellness Industry

Startups and Potential Entrants into Wellness Industry

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 Mental Wellness Service Market

Global Mental Wellness Market is expected to reach a market size of ~US$ 150 billion by 2028: Ken Research

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What is the Size of Global Mental Wellness Industry?

Global Mental Wellness market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Mental Wellness Market is largely driven by increasing prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours. The mental wellness market will develop as a result of more government initiatives and rules supporting mental health, more social media influence, and growing public awareness of the value of mental health.

With bringing about a new era of specialized education and solutions that cater to each individualized well-being through AI, mental wellness has undergone a major shift. Without using a lot of resources, using AI helps increase people's well-being. It can also aid in avoiding several health obstacles by inciting behavioral change after studying personality traits and behaviors.

Furthermore, the COVID-19 pandemic and strict regulations imposed by various governments have affected people's pre-existing mental health symptoms and led to relapses everywhere, which is boosting the market's growth along with the rising demand for hospital services brought on by the rising number of patients who require mental health solutions to improve self-care.

Global Mental Wellness Market by disorder

The Global Mental Wellness market is segmented by Disorder into Depression, Anxiety, Schizophrenia, Substance Use Disorder, Bipolar Disorder, Alcohol Use Disorder, Post-Traumatic Stress Disorder, Eating Disorder and Others.

The Depression segment dominated the market in 2022 since depression is a key factor in the overall global burden of disease and a primary cause of disability worldwide. According to the World Health Organization (WHO) in September 2021 that an estimated 280 million individuals around the world suffer from depression, which affects 3.8% of the population overall, including 5.0% of adults and 5.7% of those over the age of 60.

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Global Mental Wellness Market by type

The Global Mental Wellness Market is segmented by Type into Senses Spaces & Sleep, Brain Boosting Nutraceuticals & Botanicals, Self-Improvement and Meditation and Mindfulness. The Senses Spaces & Sleep segment accounted for the highest market share in 2022 as it includes services, items, and designs that emphasize the senses and the mind-body link, raising awareness of how strongly environmental stimuli affect a person's stress levels, mood, and sleep. The vast majority of sleep- and sleep-environment-optimizing solutions are focused on improving sleep, including accessories, smart beds, wearables, monitors, apps, sleep retreats, and nap cafés.

global-mental-wellness-market

Key Topics Covered in the Report: –

Snapshot of Mental Wellness Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Mental Wellness Market

Historic Growth of the Overall Mental Wellness Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Mental Wellness Market Industry

Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors

COVID-19 Impact on the Overall Mental Wellness Market

Future Market Forecast and Growth Rates of the Total Mental Wellness Market and by Segments

Market Size of Segments with Historical CAGR and Future Forecasts

Analysis of the Mental Wellness Market in Global Regions

Major Mental Wellness Type/Supply and Consumption/Demand Hubs in the Region

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

Overview of Notable Emerging Competitor Companies within the Region

Request For Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTU2

Notable Key Players Mentioned in the Report

Acadia Healthcare

Amare Global

Ascension

Behavioral Health Network, Inc.

CVS Health

CareTech

Headspace Inc.

Promises Behavioral Health

Pyramid Healthcare Inc.

Universal Health Services

Notable Emerging Companies Mentioned in the Report

Wysa

MindPeers

Gratitude

YourDOST

Jeeva

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

Manufacturers and Suppliers of Brain Health Supplements

Consultants for Brain Health Supplements

Distributors of Supplements for Brain Health

Brain Health Supplements Companies

Mental Wellness Service Providers

Wellness Solutions Companies

Wellness Products Nutritional Supplement Industries

Wellness Product Manufacturers and Raw Material Suppliers

Suppliers of Raw Materials for Nutritional Supplements

Health Supplements Organizations, Forums, Alliances, and Associations

Mental Wellness Research Organizations, and Consulting Companies

Health Regulatory Organizations and Government Agencies

Government Ministries and Departments of Healthcare

PE and VC Firms focused on Wellness Industry

Startups and Potential Entrants into Wellness Industry

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 Mental Wellness Service Market

Rising demand of personal vehicles with increasing population and future expansion strategies of market players to drive the Lubricants Market in Philippines: Ken Research

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Philippines Lubricants Market Ecosystem

The Philippines lubricants market is fragmented with too many lubricant manufacturers operating in the industry. Petron and Shell are the dominant players in Philippines lubricants market.

Key Findings

  • Construction industry added major contribution (9.8%) to the overall GDP in Philippines in 2021. The average volume of production for the manufacturing sector in the Philippines was 81.5% in 2021 compared to 54.2% in 2020.
  • In 2021, the total volume of motorcycles and scooters sold in the Philippines reached ~1.4 Mn units reflecting an increase of 19.1% sales in comparison to total sales volume of 1.21 Mn in 2020.
  • Motor Vehicles sales in Philippines increased by 20.0% in 2021 with sales volume of 268,488 units in comparison to 223,793 units in 2020. Commercial vehicles registered higher sales volume with 183,228 units.

Philippines Lubricants Market

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Increasing Population and Rise in the Disposable Personal Income: Growing middle-class incomes, higher percentage of millennial population and the subsequent increasing demands of two-wheelers and four-wheelers is increasing the production and sales of new vehicles will fuel more to the lubricants demand in the Philippines in upcoming years.

Expansion Strategies of Market Players in future: Petron Corporation Philippines announced completion of the constructing power plant having capacity of 184 MW by 2022 end that will cater to the power requirements of its Bataan refinery. Filipinas Shell Corporation Philippines plans to open 60 to 80 mobility sites per year. Other market players are also planning to expand customer reach by investing actively in growing number of service stations providing products and maintain extensive dealership network.

Future of Philippines Lubricants Market: Philippines Lubricants Market is expected to grow at a double digit positive CAGR of 14.4% during 2021-2026F. Owing to the booming energy sector of the Philippines, the country is anticipated to witness an increase in crude oil imports to meet the growing demand various industries under both the Industrial and Automotive sectors over the long term. Dealers Network are expected to expand their business via online and in-shop channels to offer both local and branded lubricants in distinguished quantities demanded by the customers.

The report titled Philippines Lubricants Market Outlook to 2026F– Driven by Growth in Crude Oil Import and Rising Sales of Commercial Vehicles in the Country” by Ken Research provides a comprehensive analysis of the potential of Lubricants in Philippines. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by type, by grade, by end use, by distribution; growth enablers and drivers, trends and developments challenges and bottlenecks; regulatory framework; end user analysis; competitive landscape including competition scenario, market shares of major players on the basis of revenue generated. The report concludes with future market projections of each product segmentation and analyst recommendations.

Key Segments Covered: -

Philippines Lubricants Market:

By Type, on the Basis of Sales Volume (Mn Lts): 

  • Industrial Lubricant
  • Automotive Lubricant

By Grade, on the Basis of Sales Volume (Mn Lts):

  • Mineral
  • Semi-Syntenic
  • Synthetic

Philippines Industrial Lubricants Market:

By Type, on the Basis of Sales Volume (Mn Lts):  

  • Hydraulic Fluid
  • Grease
  • Gear Oil
  • Metalworking Fluid
  • Others (Turbine Oil, Compressor Oil, etc.)

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By End Use, on the Basis of Sales Volume (Mn Lts): 

  • Construction and Mining
  • General Manufacturing
  • Metal Production
  • Power Generation
  • Food Processing
  • Others (Agriculture, Medical, etc.)

By Distribution Channel, on the Basis of Sales Volume (Mn Lts): 

  • Dealer Network
  • Direct Sales

Philippines Automotive Lubricants Market:

By Type, on the Basis of Sales Volume (Mn Lts): 

  • Heavy-Duty Diesel Engine Oil
  • Passenger Vehicle Motor Oil
  • Transmission Fluids
  • Hydraulic Oil
  • Greases
  • Gear Oils

By End Use, on the Basis of Sales Volume (Mn Lts): 

  • Commercial Vehicles
  • Passenger Cars
  • Motor Cycles
  • Marine
  • Others (Aviation, Railways, etc.)

By Distribution Channel, on the Basis of Sales Volume (Mn Lts): 

  • Dealer Network
  • OEM Workshops/Service stations/Local Workshops
  • Supermarkets/ Hypermarkets
  • Online

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Key Target Audience

  • Lubricants Manufacturers
  • Lubricants Distributors
  • Base-oil Companies
  • Additive Companies
  • Refining Companies
  • Construction and Mining Industry
  • General Manufacturing Industry
  • Metal Production Industry
  • Power Generation Industry
  • Food Processing Industry
  • Agriculture Industry
  • Medical Industry
  • Automotive OEMs
  • Automotive Dealerships
  • Government Agencies
  • Consulting and Advisory Firms

Time Period Captured in the Report:

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

Companies Covered:

Lubricants Manufacturers

  • Petron Corporation
  • Pilipinas Shell Petroleum Corporation
  • Caltex (Chevron Philppines)
  • Phoenix Petroleum Philippines, Inc.
  • SEAOIL Philippines Inc.
  • Unioil Petroleum Philippines Inc.
  • Liquigaz Philippines Corporation
  • Castrol Philippines Inc.
  • Total Energies Philippines

Key Topics Covered in the Report

  • Philippines Lubricants Market Overview
  • Ecosystem of Philippines Lubricants Market
  • Business Cycle and Genesis of Philippines Lubricants Market
  • Value Chain Analysis for Philippines Lubricants Market
  • Growth Enablers in Philippines Lubricants Market
  • Bottlenecks and Challenges in Philippines Lubricants Market
  • Philippines Lubricants Market Regulations
  • End User Analysis of Philippines Lubricants Market
  • Vendor Evaluation and Selection Process in Philippines Lubricants Market
  • Covid-19 Impact on Philippines Lubricants Market
  • Competitive Landscape in Philippines Lubricants Market
  • Product Portfolio of Major Players Philippines Automotive Lubricants Market
  • Market Opportunity and Analyst Recommendations

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

Future Outlook of Lubricants Market in Philippines

Related Reports by Ken Research: -

Malaysia Automotive Lubricant Market Outlook To 2025

Brazil Lubricants Market Outlook To 2025

Vietnam Lubricants Market Outlook To 2023

Friday, January 27, 2023

Around 80% of the BNPL Market revenue in UAE was generated by Online mode of payment fueled by the Covid-19 pandemic: Ken Research

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1.  The Covid-19 pandemic is a driving force in exhilarating and paving the way for newer companies to enter the BNPL space in the country, in addition to external investments made in the industry

The inception of Digital Economy

In recent years, the UAE has seen a significant increase in digital transactions Because of the rise of e-commerce in the region, inter-governmental partnerships are being formed in order to make the UAE a digital hub. This is one of the major factors contributing to the rise of digital credit lending in the country, such as that of BNPL. Government support is also playing a significant role in the UAE's surging digital penetration. Additionally, BNPL players in the UAE have only just entered the market and have cumulatively received approximately $40 million+ in funding which is likely to boost the BNPL services in the country.

2.  Buy Now Pay Later industry in UAE has gained significant traction growing at a CAGR of ~92% in between 2019 and 2022

Buy Now Pay Later market in UAE at a CAGR of 92%, 2019-2022

The Buy Now Pay Later industry in the UAE generated multi-million dollars in revenue in 2022, growing at a CAGR of 92% between 2019 and 2022. The UAE BNPL market boomed during the COVID-19 pandemic because a large portion of the residents lost their jobs during this period and was surviving on their savings, which pushed for the need for an extra credit line, which BNPL services catered to. In 2022, the 30-40 age group was having the largest market share for BNPL services in the country. This is due to the growing working-age population, which is gradually shifting away from credit cards and toward BNPL as a mode of payment.

3.  With an increasing consumer base and expanding partnerships with merchants and retailers, the country's BNPL players have seen a boom in a short period of time

Key Trends of UAE BNPL Industry

The Middle East region has seen an increase in the number of companies offering BNPL solutions in just one year. They are making a name for themselves by adding value to merchants and providing simple financial products to customers. With so much going on at BNPL, its user base is making significant strides as well. With the decreasing impact of Covid-19, we are also seeing the return of offline shopping mode. The BNPL players will not pass up this opportunity. They have already begun collaborating with leading retailers to offer BNPL as a point-of-sale financing tool in physical stores at checkout points.

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4.  Credit recovery, combined with customer overspending, is posing a significant challenge to the expansion of the BNPL market in the UAE

expansion of the BNPL market in the UAE

BNPL service providers face the risk of being unable to recover loan amounts that customers fail to pay on time. Although there is a carry forward charge attached to late amounts, it may continue to accumulate on the consumers' part. Regulators are concerned about the rising indebtedness and risk to consumers as the BNPL market expands rapidly. Moreover, unwise purchases are becoming more common as a result of unsecured credit risk assessment using these methods. The risks associated with the region's competition are also extremely high. Companies in the nascent or growth stage need to figure out multiple revenue streams and different methods of financing such as a card, cashback, and loans or quick financing to survive the competition.

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

UAE Buy Now Pay Later Industry

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The versatile nature and being great substitutes for helicopters, unmanned flights at a lower cost, the USA Drone market is expected to flourish in upcoming years: Ken Research

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USA Drone Market Ecosystem

USA Drone Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist in the supply side in the USA Drone Market.

Key Market Findings:

  • Prices of drone hardware, software, and services continue to fall as drone companies compete for market share through penetration pricing.
  • The share of hybrid drones will increase in the future among both the commercial and the military sector.
  • More market players are expected to enter into the drone industry independently or with collaboration to cater rising demand from end users.

USA Drone Market

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Great Substitutes for Helicopters/Workers: Drones are great substitutes for helicopters, workers etc., where they can get more work done in less amount of time and with reduced costs. They can replace expensive surveillance products for the military while also lowering the risk for pilots since they don't have to be on the aircraft. 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 human support.

Widespread Opportunities: Major industries such as Agriculture, Construction and law enforcement will be benefitted from the use of drones. Agricultural fields of thousands of acres can utilize drones to observe the crop growth, to assist with fertilization and monitor the fields. Law enforcement can use drones for surveillance and save many police officers lives. Logistics will lead the way for drones in future as significant chunk of logistic/e-Commerce companies will implement drones for last mile deliveries as they can reduce logistics costs significantly.

Environment Friendly: Medium and heavy-duty trucks are usually used to transport goods; these vehicles are expected to be responsible for a quarter of all greenhouse gas emissions in the United States. Drones have been shown to be much more environmentally friendly than traditional delivery vehicles due to their lower carbon footprint.

Government Spending: US is amongst highest military spenders in the market, around 732 USD Bn in 2019, which is around 38% of the world expenditure. In July of 2020, the U.S. government signed a measure to permit the sale of armed U.S. drones that fly under 800 kilometers per hour, to foreign governments that had been restricted from flying. Defense is also increasing the usage of micro drones such as X2-D, Anafi, M440 Ion, Golden Eagle and more that have a price range of USD 7000-21,000. They can be deployed to gain a bird’s eye view of the battlefield or to autonomously navigate a building to clear rooms before troops enter.

Analysts at Ken Research in their latest publication USA Drone Market Outlook to 2027F- Driven by increasing demand of Military drones and commercial drones in End user industries such as Construction, Logistics and more” by Ken Research observed that USA Drone Market is in the growing phase. Enhancing Service Offerings, collaborations with partners, expand pipeline with predictive analysis and getting in front of prospects through AI are some of the factors that will contributed to the USA Drone market growth over the period of 2021-2027F. It is expected that USA Drone Market will grow at a CAGR of 11.7% for the above forecasted period.

Key Segments Covered in the report: -

USA Drone Market by Revenues and Number of drones, 2017-2027

By Type of Drones by Number of Drones, 2022 and 2027

  • Hybrid Drones
  • Fixed Wing Drones
  • Rotary Blade Drones

By Region by Revenue, 2022 and 2027

  • West
  • South East
  • South West
  • North East
  • Midwest

By Commercial End Users by Number of Drones, 2022 and 2027

  • Construction and Inspection
  • Media
  • Agriculture
  • Oil and Gas
  • Others
  • Logistics
  • Mining

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By Weight by Number of Drones, 2022

  • 25 kgs-150 kgs and more
  • 2 kgs-25 kgs
  • <2 kgs

By Mode of Operations by Number of Drones, 2022 and 2027

  • Remotely Operated
  • Fully Automated
  • Semi-Automated

Key Target Audience

  • Investors
  • Technology and IT Companies
  • Government and Institutions
  • Aeronautical Companies
  • Farming Associations
  • Existing Drone Companies
  • Venture Capitalist
  • New Market Entrants
  • Military Agencies

Time Period Captured in the Report:

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

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Companies Covered:

  • Textron
  • General atomics
  • AeroVironment
  • Northop Grumman
  • Insitu
  • Skydio
  • Easy Aerial
  • Skydio
  • General Atomics
  • FLIR
  • DJI
  • Parrot
  • Easyariel

Key Topics Covered in the Report

USA Drone Market Overview

Ecosystem of USA Drone Market

USA Drone Market Evolution and Business Cycle

USA Drone Business Cycle Genisis

Islamic Banking and Car Finance in USA

USA Drone Market by Revenue growth

USA Drone Market Segmentation

SWOT Analysis of USA Drone Industry

Infrastructure Development Overview of USA

Trends and Developments in USA Drone industry

Growth Enablers in USA Drone Industry

Recent Mergers, Acquisitions, Partnerships and Investments in the USA Drone Market Operational Strategies for USA Drone Services Market

Issues and Challenges in USA Drone Industry

Government policies affecting the USA Drone Industry

Government Initiatives for Automotive Industry

Growth Drivers of USA Drone Market

USA Drone Market Competition Overview

Cross Comparison of Major Players in USA Drone Market

Strengths and Weakness of Major Players in USA Drone market

Future Outlook and Market Projections, 2027F

FAA Rules and Regulations for Recreational and Commercial Drone Users in USA

Growth strategies for USA Drone market

For More Information On The Research Reports, Refer To Below Link:-

Future Outlook of USA Drone Market

Related Report by Ken Research: -

Europe Agricultural Drones Market Outlook and Forecast to 2027