Friday, August 25, 2023

Sculpting the Future: Unveiling Saudi Arabia's Dynamic Fitness Frontier: Ken Research

 Storyline

  • Booming Fitness Scene: Saudi Arabia hosts 28+ organized and numerous unorganized fitness centers, driven by industry growth.
  • Competitive Diversity: Fragmented competition focuses on price, facilities, training, and brand loyalty, varying across cities.
  • 4Entry Hurdles: High establishment costs, land, professionals, and equipment deter new entrants, favoring established players.
  • Evolving Trends: Emerging women's fitness, personalized training, value-added services, and broader customer outreach shape the industry's future.
  • As per Ken Research, Saudi Arabia's fitness industry presents a blend of challenges and opportunities. The competition, though fragmented, is fierce, driven by factors ranging from prices to amenities.

1. Fragmented Competition and Industry Growth

KSA Fitness Services Market

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Within this ever-growing landscape, competition takes on various dimensions. Fitness establishments are eyeing for attention viz pricing models, facility offerings, specialized training regimens as well as a wide spectrum of services. However, a major part of this competition is the fragmented nature, coming from the substantial number of players vying for a piece of the fitness market.

In the heart of this competitive dynamic is the presence of numerous unorganized fitness centers. This multitude of independent establishments contributes to the sector's fragmented nature, which can sometimes result in varying standards of service delivery and customer experiences.

The surge in the number of fitness centers, spanning both organized and unorganized entities, underscores the escalating significance of health and wellness within Saudi Arabia. As the industry continues its evolution, the differentiation of offerings, emphasis on tailored customer experiences, and the integration of innovative approaches are set to define the trajectory of the fitness sector.

KSA Fitness Services Market Trends

KSA Fitness Services Market

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2Competitive Landscape and Strategies

Brands in the fitness industry in Saudi Arabia engage in competition based on various factors. Price, membership offers, center facilities, personal training, ambience, services offered, and locations all contribute to the competitive landscape. The existing players, especially prominent ones, possess strong brand loyalty due to safety concerns linked to equipment usage, posing a challenge for new entrants. Establishing comprehensive fitness centers with a range of services including spas, pools, steam baths, and more has limited businesses geographically.

KSA Fitness Services Growth Strategies

KSA Fitness Services Market

 3. Future Outlook and Focus Areas

The industry's future outlook necessitates attention to the emerging women's fitness segment in Saudi Arabia. The customization of workouts and personal training programs is anticipated to become prevalent. As fitness brands target broader customer segments, they offer value-added services like freezing memberships, couple discounts, locker rooms, showers, saunas, and spa facilities. These offerings are expected to increase penetration rates across the country.

KSA Fitness Services Market Future Trends

Conclusion

As per Ken Research, in conclusion, Saudi Arabia's fitness industry presents a blend of challenges and opportunities. The competition, though fragmented, is fierce, driven by factors ranging from prices to amenities. With increasing brand loyalty and a shifting market landscape, the industry's trajectory will likely be influenced by innovation, customer preferences, and the drive to cater to a diverse consumer base.

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KSA Fitness Services Market

IBM Security is holding a strong promising position in the US Security Testing Market; can it keep its dominance? : Ken Research

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The International Business Machine Corporation (IBM), is a multinational technology company excelling in security testing with inclusion of protocols such as cloud testing, Iot testing and many more. With a market value of ~US $60 Bn, this giant has been leading this sector.

STORY OUTLINE

  • With comprehensive range of security testing solutions, the IBM Security is flushing the threats with ease.
  • With newer Advanced Threat Intelligence, assisted with Cloud Security, IBM Security has been updating its own measures.
  • The IBM Security is now taking automative measures, with AI and Machine Learning sitting on the roots and analyzing every situation.
  • With focus on Zero Trust policy, IBM is making its own inner environment much more stringent in its policies and secured.

US Security Testing Market

1.With comprehensive range of security testing solutions, the IBM Security is flushing the threats with ease.

US Security Testing Market

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  • With the advancements in security testing, IBM introduces vulnerabilities assessment and penetration testing to the system.
  • IBM Security has incorporated Real-Time Threat detections, rendering and responding to threats as they happen in real time.
  • With the adoption of new Security Information and Event Management (SIEM) solutions, IBM QRadar allows to gather information about multiple threats from various sources, to be ready for any unforeseen threat that may be impending.
  • IBM offers Identity and Access Management (IAM), resulting in a greater amount of user identity checks, authentication checks etc.

According to Ken Research, the IBM Securities has been making several changes, leading to a drive in force leading to the upgraded technologies and advanced follow ups, leading to a much secure server and database mainframes. With more and more cybersecurity threats arising, the threat response system gets better with it. With deep Machine Learning, every time some new breach in the firewall occurs, the security system upgrades to become better than its previous model and with Artificial Intelligence is sitting on the top, more new initiatives and protocols are being come up with. With this the IBM Security is currently leading with a market value of ~US $60 Billion.

2.With newer Advanced Threat Intelligence, assisted with Cloud Security, IBM Security has been updating its own measures.

US Security Testing Market

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  • With the introduction IBM X-Force Threat Intelligence, newer valuable insights about impending newer threats are received.
  • IBM Cloud Park has become the hub for addressing security challenges in cloud environment and related connected devices.
  • With the ability to integrate with other systems in the IT sectors, advanced scouting of groups of threats, even if different types, can be scrutinized easily and removed.
  • 67% of backdoor cases (ransomware attacks) were failed attacks as the defenders were able to disrupt the backdoor entry even before the initiation was made.

3.The IBM Security is now taking automative measures, with AI and Machine Learning sitting on the roots.

US Security Testing Market

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  • The introduction of the company’s leading AI platform, called Watson, makes necessity driven changes resulting in a fully secured mainframe.
  • IBM MaaS360, a Unified Endpoint Management (UEM) Solution which is fueled by the Artificial Intelligence to help secure and manage mobile devices.
  • IBM Guardium is such a tool that uses not only AI, but also deep Machine Learning resulting in prevention of breach and unauthorized access.
  • With the introduction in newer Behavioral and Predictive analysis, the IBM Security can scoop out preferential threat scanning the individual’s behavior.

4.With focus on Zero trust policy, IBM is making its own inner environment much more stringent in its policies and secured.

US Security Testing Market

  • With Zero-Trust policy, a Granular Access Control is given, deeming the least privileges for every working employee.
  • With such stringent regulations, Multi-Factor Authentication (MFA) has become a core component of the policy, making multiple verification processes, scanning each person with high priority basis.
  • Zero-Trust promotes Micro-Segmentation, allowing the splitting of networks into smaller fractions with very strict access, preventing attackers to move in between networks.
  • A continuous monitoring has to be done in order to maintain the secured mainframe and must have to capability to detect problems in a very fast manner.

CONCLUSION

With major changes in the global cybersecurity threats, the cybersecurity department is rising with it. More and more advanced and complex encrypted protocols, algorithms and policies, making changes in both technologies and employee policies, rendering them with lesser privileges than before, ensuring no loss of information is happening from inside of the company.

The US Two-Way Radio Market responds to the growth curve with a CAGR of 7% by 2028: Ken Research

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The US Two-Way Radio Market is a heavily segmented market, divided among type, end-user industry, frequency level and geographic region. This industry provides the communication sectors in check in heavy duty companies.

STORY OUTLINE

  • With the intent of enhancing industrial and public safety, the US Two-Way Radio market strives to improve its performance.
  • With the advent of technological improvement and remote work adaptation, it became the driving pace for the US two-way radio market.
  • The rise in critical threats is greatly influenced the two-way radio market in US to strengthen themselves.
  • Military and ‘Natural disaster prevention’ investments are paving the growth of the market. With the intent of enhancing industrial and public safety, the US Two-Way Radio market strives for better performance.

BK Technologies Market Size

Top Captive Players in US Two-Ways Radio Market

1. With the intent of enhancing industrial and public safety, the US Two-Way Radio market strives for better performance.

Vertex Standard Market Share

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  • The two-way radio market is making its infrastructure with better software and hardware experts to improve their designs.
  • The improved version is already in use with the advent of making high-end radios, for seamless audio transmission for security purposes.
  • 5G chips are being installed in the improved version, which would lower their latency, increase data-rates and improve their coverage.
  • With focus on public safety, two-way radio is increased in connections, making them connect to multiple sources.

According to Ken Research, the US Two-Way Radio Market is an important market for various vital uses ranging from general awareness to Natural Disasters. With the improvements in technologies, high-end transmitters and receivers make these radios more useful by reducing latency and increasing coverage, providing audio transmission in a streamline fashion. This market is forwarding its growth steadily and gradually, with a projected CAGR of ~7% by the year 2028. 

2. With the advent of technological improvement and remote work-adaptation, it became the driving pace for the US two-way radio market.

Hytera Communications Market Size

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  • The two-way radios at present are fitted with enhanced speakers and transmitters, to enhance their coverage and give a 30% rise in quality sound.
  • “Enhanced noise cancellation” from well-built speakers allows for the correct information to be conveyed, saving many from peril.
  • A modulated transmitter and an updated trans-receiver allow for an increase in high-quality audio to be transmitted and received.
  • With harder body, two-way radios are able to withstand harsh environment (cold or heat) leading to an increase in coverage even in unsuitable places.

3. The rise in critical threats is greatly influenced the two-way radio market in US to strengthen themselves.Icom America Market Share

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The Terrestrial Trunked Radio (TETRA) is the strongest police radio communication, being used over 100 nations globally.

  • Critical and high threats such as CVE-2022-24401 and CVE-2022-24404 respectively, posed a threat in loss of authenticity and personal details.
  • Improvement in the TETRA Authentication Algorithm (TAA1) and TETRA Encryption Algorithm (TEA1), has minimized the threats persisting earlier.
  • The threats were discovered by MIDNIGHT BLUES, funded by the NLnet as the EU NGIO PET fund, using reverse engineering the TAA1 and TEA1.

4. Military and Natural disaster prevention investments are paving the growth of the market.

Kenwood Communications Market Size

Motorola Solutions Inc. Market Share

  • The Land Mobile Radio, a Motorola initiative, is essentially for mission critical areas, preventing loss of information and better military communication.
  • With Motorola Over the Air Programming (OATP), the two-way radios are easily being accessed and updated remotely in a fluid manner.
  • With streamline long distance communication, Very High Frequency (VHF)/Ultra High Frequency (UHF) two-way radios are used for Natural Disaster preparedness, emitting faster audio transmission.
  • Since operating on separate battery, power outage cannot stop this kind of two-way radios, making them able to transmit even in a blackout.
  • With high encryption as security, and basic user-friendly database, this allows common people to use them as well during a disaster.

CONCLUSION

The US Two-Way Radio Market is an important division for the regions, as it handles most of the transmissions going on for multiple purposes, leading to further proceeding of various processes. Mostly Government and Military services are required in this sector, but due to the sudden global change, a keen observation on Natural disasters are to be kept as well. With long distance and short distance radios now operational the US two-way radios market is striving with improved potential.

US Contact lenses Expected to Reach a Market value of $6.45 Bn by 2028: Ken Research

 The US contact lenses market is set to reach a record market value by the end of 2028. The increasing number of lens wearers population and individuals with visual impairments, growing eye safety concerns and awareness of disposable lenses, and emerging focus on the optics. Over ~45 million people in America use Contact lenses as of 2022.

STORY OUTLINE

  • Pandemic of Covid-19 impacted the industry significantly as the revenue declined and lenses wearing population decreased temporarily.
  • Post-pandemic the market is back on track and is estimated to reach a market value of $6.45 Bn in 2028, says a recently published report by Ken Research.
  • Leading players in the market Johnson and Johnson and Alcon are investing hugely in the R & D departments to fulfill the increasing demand of the US lenses market.
  • According to Ken Research, the increasing cases of eye diseases in the US are one of the major factors behind the remarkable growth of the US contact lenses market.
  • Around 3 million Americans are affected by glaucoma and the number is expected to reach 111 million people by the end of 2040.
  • In 2021, it was estimated that around 7 million people are suffering from uncorrectable vision acuity loss across the USA. Around 75 % of the population that uses lenses are aged 25 and older.

1. Impact of Covid-19 on the US Contact Lenses Market

  • As per the American Academy of Ophthalmology there was around an 80% decrease in ophthalmology visits in August 2020.
  • An additional report from Optometry Time Journal 2021 states that the global pandemic of covid-19 decreased the usage of contact lenses in the country from 79 % to 62%.
  • Alcon, one of the leading players in the contact lenses market witnessed a decline of 8.5% in its overall revenue in 2020 in comparison to their revenue in 2019

US Contact Lenses Market

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2. Current Situation the US Contact Lenses Market

  • Post-pandemic the US contact lenses market is projected to grow at a positive rate. The CAGR of the US contact lenses market is estimated at 5.3 % between 2023-2028.
  • Marker leaders like Copper Companies Inc. increased their R & D expenditure from $92 Mn in 2021 to $110 Mn in 2022. This was done with the motive of improving lens efficiency, exploring new technologies, and adopting modern processes of lens-making.
  • Another major player in the industry, Alcon has launched a product named TOTAL30. This is a premium, reusable Toric lens for astigmatism in America and Europe.
  • Firms are also planning to introduce the use of AI (Artificial Intelligence) in the manufacturing and development of lenses. This will surely give a boost to the US contact lens market.

US Contact Lenses Market

Current Scenario in US Lenses Market

3. Growth Drivers of the US Lenses Market

  • The major growth drivers of this market are the increasing number of lens wearers population and individuals with visual impairments, growing eye safety concerns and awareness of disposable lenses, and emerging focus on the optics and optometry field development.
  • As of 2022, ~16% of adults in the American population wear contact lenses and One-third of them are females. The predominance of conditions like myopia (nearsightedness) and presbyopia (age-related farsightedness) has been on the rise due to variables such as expanded screen time, way of life changes, and a maturing populace.
  • Disposable lenses, such as everyday disposable contact lenses, have picked up popularity due to their comfort and diminished chance of eye diseases. As a result, most of the youngsters prefer conventional contact lenses to disposable ones, emphatically affecting the lens market within the US.
  • Progressions in optics and optometry have driven the improvement of innovative and improved lens technologies. These progressions incorporate high-definition lenses, anti-glare coatings, and photochromic lenses, among others.

US Contact Lenses Market

4. Major Players of the US Lenses Market

  • Johnson and Johnson vision care Inc, Alcon, the copper companies Inc, Menicon Co., Ltd, Hoya Corporation, Essilor Luxottica, Star Surgical, and Carl Zeis Meditec AG are some of the market leaders of the US Lenses Market.
  • Johnson and Johnson vision care Inc is having the largest share of the US eye care market. Not only in America but even worldwide Johnson and Johnson vision care Inc is holding a significant market share.
  • Alcon is the second-largest leader in the US lens market due to its vast production and diverse customer base. Currently, the firm holds a large portion of the market. Alcon is aiming to double its customer share by the end of 2028.

Conclusion

In conclusion, the US contact lenses market is balanced for critical development, with an evaluated market esteem of $6.45 billion by 2028. The major growth drivers, such as the expanding number of lens wearers, the rising predominance of eye illnesses, and developing awareness of eye safety and disposable lenses, are fueling this development.

The market experienced a temporary difficulty due to the effect of COVID-19 widespread, but it is presently anticipated to develop at a positive rate post-pandemic. Key players within the industry, like Johnson and Johnson Vision Care Inc and Alcon, are taking key steps to preserve their market authority and capitalize on developing opportunities.

Progressions in innovation, such as AI selection in lens manufacturing, are anticipated to encourage and boost the market's growth. With the nonstop focus on R&D, innovative products, and progressed technologies, the US lens market is on track to meet the expanding request and advancing needs of the populace for vision correction solutions within the coming years.

Australian Cold Chain Logistics Market: Growth Amid Challenges and Opportunities: Ken Research

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The Australian cold chain logistics market is poised for growth, forecasted to reflect a CAGR of 10.3% by 2027.

Storyline

  1. 1% CAGR Growth: Driven by domestic demand, government initiatives, fostering temperature-sensitive goods expansion.
  2. Sydney: Strategic Hub: Ideal infrastructure, proximity to markets, automation crucial, storage optimization paramount.
  3. 250+ Players' Impact: Diverse cold chain landscape drives evolution, innovation, competition, ensuring progress.
  4. Capital-Intensive Dynamics: Seasonality's influence, negotiated prices' variability, larger companies' occupancy, strategic collaborations emerge.
  5. As per Ken Research, despite challenges, Australia's cold chain logistics market is adapting to emerging trends. Increasing e-commerce demands, evolving supply chain strategies, and advancements in technology are driving the market forward.

1. Strong Growth in Australian Cold Chain Market: 9.1% CAGR Driven by Domestic Demand and Government Initiatives

Australia Cold Chain Market

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The growth trajectory of Australia's cold chain market is induced by increasing requirements for temperature-sensitive goods, consisting of perishable foods and diverse range of commodities. Consumer increasing preference for fresh and premium products, coupled with evolving dietary habits, significantly contribute to this market’s expansion.

Concurrently, governmental initiatives, including the National Food Waste Strategy, infrastructural enhancementssurges in end-user demand, and the rising influx of new entrants or expansion of existing players are some factors contributing to market growth.

Moreover, the sector's landscape has been innovated by the integration of advanced technologies such as IoT-enabled temperature monitoring, real-time tracking, data analytics, and blockchain solutions.

2. Sydney: The Warehouse Hub Leveraging Strategic Location and Infrastructure Advantage

Australia Cold Chain Market

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Sydney, as Australia's largest city and an ever-growing economic hub, facilitates exceptional transport infrastructure encompassing ports, airports, and a robust road network, boasting seamless trade. With a substantial consumer base and its strategic proximity to major markets, Sydney offers access to diverse customer segments like no other.

In the evolving landscape, the advantage for cold chain companies lies in embracing modern technologies and automation in order to enhance transportation processes, ensuring efficiency and precision. Moreover, optimal placement of cold storage facilities in close proximity to operational centers emerges as a key consideration, minimizing the risk of spoilage for temperature-sensitive goods.

3. Fragmented Cold Chain Market: 250+ Players Driving Transformation

Australia Cold Chain Market

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The cold chain market exhibits remarkable fragmentation, accommodating a diverse range of over 250+ cold transportation and storage players. This robust diversity has been instrumental in inducing the market's evolution over the years.

With the presence of a multitude of contributors, the cold chain sector has adopted innovation, adaptation, and competition to make way for progress, enhanced efficiency, sustainability, and customer-specific solutions.

Major players in Australia Cold Chain market are international companies that expanded to Australia around 30-40 years ago. This vibrant ecosystem's transformative journey underlines the industry's resilience and its ability to adapt to emerging demands and technologies, shaping a future of optimized cold chain logistics.

4. Capital-Intensive Cold Chain Industry: Navigating Seasonality in Perishable Processed Foods

Australia Cold Chain Market

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The cost of cold storage is subject to a range of considerations, which consists of facility dimensions, type, location, storage duration, and supplementary services sought. Negotiated prices underscore this variability, for instance, for ambient storage, rates typically range AUD 4 to 8 per pallet per week, while freezers and chillers command AUD 7 to 15 per pallet per week.

Moreover, giant companies frequently witness occupancy levels of around 80%, which goes towards full capacity. In such cases, unmet demand is often met through outsourcing of the functions to smaller players or utilizing warehouse rentals from captive companies encompassing expansive, proprietary storage solutions.

This market panorama underlines the interplay of a wide range of factors shaping cold storage pricing and utilization strategies.

5. Anticipated Market Transformation

As per Ken Research, despite challenges, Australia's cold chain logistics market is adapting to emerging trends. Increasing e-commerce demands, evolving supply chain strategies, and advancements in technology are driving the market forward. As consumer expectations evolve, the industry is compelled to enhance operational efficiency, sustainability, and adaptability.

In conclusion, the Australian cold chain logistics market stands at a juncture of challenges and opportunities. The industry's response to disruptions, the surge in e-commerce, and the ever-growing demand for temperature-sensitive products shape the landscape. As technological advancements drive innovation, the cold chain sector's ability to meet evolving consumer needs and market demands will determine its success in the dynamic Australian market.

Major Players Mentioned in the Report:

Australia Cold Chain Market (Cold Storage Companies)

  • Americold
  • Lineage
  • DP World
  • QMC Logistics
  • Laverton Cold Storage

Australia Cold Chain Market (Cold Transportation Companies)

  • Pakwal Business Logistics
  • Sands Fridge Lines
  • New Cold Advanced Cold Logistics
  • The Mid Field Group

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

  • Agricultural & Sea food Producers
  • Importers & Exporters
  • E-Commerce & Online Grocery Platforms
  • Retail & Super market Chains
  • Pharmaceutical & Healthcare Companies

Time Period Captured in the Report:

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

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Australia Cold Chain Market

Related Reports By Ken Research

UAE Cold Chain Market Outlook to 2027

Vietnam Cold Chain Market Outlook to 2026

Indonesia Cold Chain Market Outlook to 2026F

The US Cancer Vaccine Market is anticipated to reach ~USD 7 Bn Industry by 2028: Ken Research

 The US Cancer Vaccine Market is predicted to grow at a CAGR of ~17% which would result in making it an approximately USD 7 Bn industry by 2028 as per the findings of Ken Research.

STORY OUTLINE

  1. Rising cases of cancer in the USA are a major factor that are accelerating the growth of US cancer vaccine market.
  2. Immunotherapies are promising and effective ways of treating cancer, high demand for such therapies also generate the growth the US cancer vaccine market.
  3. Technological advancements in the field of healthcare also contribute in the growth of US cancer vaccine industry as it becomes easier to conduct researches and to treat cancer.
  4. Biotechnological field is responsible in creating vaccines and medicines, advancements in this field also accelerates the whole process, thereby being a major factor in the growth of US cancer vaccine market.

A Fast growing industry, Immunotherapy growth, constantly increasing cases of Cancer, and technological advancements along with the growth of the US biotechnology market are the various factors contributing to the growth and expansion of the US cancer vaccine market. This market is anticipated to grow at a CAGR of ~17% in the next 5 years.

US cancer vaccine industry

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1. Rising cases of Cancer:

US cancer vaccine industry

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The cancer cases have rapidly been increasing over the years. This generates the demand for the development of cancer vaccines that aim at giving patients a better life and a shot at life.

As per the data of 2019, approximately 1.7 million cases of cancer were reported. This number decreased in the following year, being 1.6 million in number. However, in 2021 as well as 2022, approximately 1.9 million cases were reported. In 2023, this number is projected to touch 2 million cases.

Such high numbers of the prevalence of cancer has been one of the major reasons behind the growth of the US cancer vaccine market.

Not only patients with cancer want to find effective and efficient treatment, medical sciences are equally working hard to find innovative methods of treating cancer as fast as they can.

In 2019 approximately 606,000 people lost their lives, in 2020, at least 600,000 people lost their lives. In 2021, at least 608,000 lost their lives. In 2022, approximately 650,000 lost their lives to cancer.

The alarming rate of deaths also force the doctors and scientist to keep finding newer ways of treating cancer in the forms of vaccines and therapies which ultimately accelerates the growth of US cancer vaccine industry.

2. Immunotherapy: Accelerating the growth of the US cancer vaccine market:

US cancer vaccine industry

Click to know How is immunotherapy boosting the growth in the market

Immunotherapy can be best described as the usage of one’s immune system to fight various diseases especially cancer. Immunotherapy was first approved in the year 2011 by FDA for the treatment of cancer. In 2017, 4 immunotherapy checkpoint inhibitors were approved.

As of now, there happen to be more than 1000 clinical trials of immunotherapy for treatment of cancer and approximately 70 drugs are in the pipeline.

Cancer Immunotherapy has a stock index of 25 companies which makes it worth more than US$ 100 billion.

The reasons for such increase in the market size is primarily due to the fact that it is a promising as well as safe approach of treating cancer. In fact, as per John Hopkins Medicine, the success rate of immunotherapy ranges from 15-20% meaning such percentage of people usually achieve advantageous results.

Some of the major providers of immunotherapy in the US include Merck and Co., AstraZeneca, Bristol-Myers Squibb, Roche, and Novartis.

3. Technological advancements: a boon for the growth of the US cancer vaccine market:

US cancer vaccine industry

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Technologies have tremendously made our lives easier and it continues to do so in healthcare sector. Specifically talking about cancer healthcare, there are many technologies such as AI, Infinium Assay, TeleHealth, CRISPR, Cryo-EM, and Robotic Surgery that are very helpful for research purposes to find an effective cancer vaccine.

CRISPR is one of the widely used technology when it comes to cancer research. It is such a type of technology that has the power of editing our DNA.

Once the scientists discovered that cancer primarily happens due to changes happening in our DNA, since then they have been trying to find ways to alter our DNA cells in order to treat cancer. CRISPR technology has made it possible for the scientists to do so.

Some of the companies that also use this technology to treat various other health conditions are Beam Therapeutics (to treat Sickle cell disease), CRISPR Therapeutics (to treat cancer, sickle cell disease, diabetes, etc.), Intellia Therapeutics (to treat Transthyretin amyloidosis), etc.

Infinium Assay is another technology that has a great significance in cancer research. Such technology is primarily used to know how genetic variations are related to cancer.

Infinium Assay works by analyzing SNPs (Single Nucleotide Polymorphisms). They are responsible for mapping genes that have the ability of causing cancer and thereby provides useful insights regarding the progression, risk and development of cancer.

It is majorly used by companies like 23andMe, Ancestry, Illumina, etc.

Cryo-Em is primarily responsible for the generation of high resolution pictures of cancer cells and their behavior regarding various therapies, and medicines.

Various companies such as Septerna Inc., Gandeeva Therapeutics, MOMA Therapeutics, and Generate Biomedicines are a major user of Cryo-Em technology.

4. Advancements in Biotechnology: boosting the growth of US cancer vaccine market:

US cancer vaccine industry

Other biotechnologies that are accelerating the cancer vaccine market

Due to the rapid growth in the US biotechnology market, the US cancer vaccine market also has seen a significant growth. Biotechnology sector is typically responsible for conducting various cancer researches and developing vaccines and medicines.

Advancements in Biotechnology market is another factor that accelerates the growth of US cancer vaccine market because as the biotechnology market experiences technological advancements, the easier to becomes to develop medicines and vaccines for cancer.

Some of the technologies that are used primarily in the biotechnology market are Genetic Engineering, DNA sequencing, Bioinformatics, Stem Cell Technology, Tissue Engineering, Biopharmaceuticals, etc.

Genetic engineering can be best described as the process of changing or manipulating one’s DNA. This technology is used in cancer treatment and works by the addition of new genes in cancer containing cells with the aim of slow growth of cancer or the death of the cancerous cells.

DNA sequencing refers to the process of governing the nucleotides present in a DNA cell. It works by determining the correct sequence of a DNA molecule. It helps in knowing certain mutations that have the ability to cause cancer. Moreover, this technology gives an idea of cancer cells pre and post treatment and helps in knowing how are cancer cells responding to the treatment.

Stem cell technology is a biotechnology which works by introducing new cells to damaged cells to ensure a fast recovery. This technology is used in cancer treatment by replacing the cells that have been destroyed by cancer with healthy cells.

Also, there have been numerous investments in this sector for the purpose of cancer research and vaccine such as the investment worth US$ 31 billion done by the US government during the pandemic period to promote cancer research. Moreover, President Biden promised an investment worth $2 billion for cancer research purposes.

CONCLUSION

As per this research, we can see that there are many growth drivers of US cancer vaccine market. Rise in cancer cases, immunotherapies, technological advancements, biotechnological advancements are some of the main reasons that accelerate the growth of US cancer vaccine market. Keeping all these factors in mind, it is projected that this industry will achieve a market size of ~USD 7 Bn. By 2028.

Thursday, August 24, 2023

Global Cat Food Market Set to Surge, Eyeing USD 45 Bn by 2028: Ken Research

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Story Outline

  • The surge in pet insurance purchases reflects the growing dedication to providing high-quality products and transparent information about the ingredients used in cat feeds.
  • The United States faces a concerning epidemic of feline obesity, with 60% of cats struggling with overweight or obesity issues. This excess body fat has severe consequences on cat health, leading to various diseases and a shortened lifespan.
  • The pandemic had a profound impact on feline eating habits, affecting over 71% of cases according to a Hill's Pet Nutrition Survey. With 33% of cat owners attributing their pets' weight gain to the pandemic period, the importance of maintaining a healthy lifestyle for cats became clearer than ever.

Know about caring pet parents’ choice of cat food globally

1. What are the underlying reasons behind The Boom in Cat Ownership!?

Cat owners are more concerned than ever with the welfare of their pets (the most recent National Pet. Owners Survey conducted by the American Pet Products Association revealed a nearly twofold increase in cat owners' pet insurance purchases). Cat owners want to be able to obtain high-quality products and know what substances are being utilized easily and affordably. For these reasons, the success of future cat feeds may depend on transparency and a dedication to superior ingredients. Sales of wet kitten goods climbed by 48% at WellPet in 2021. The firm has just unveiled its Wellness Complete Health Wet Food for Kittens.

Owners of cats are beginning to hunt for new substitutes that are produced using enhanced research-based recipes. Kat Kin has obtained USD 246 Mn in additional investment to go on its mission of delivering freshly prepared and individually designed cat food to households around the world.

More people now live in cities than in rural areas, and cat ownership has increased in parallel with this. Despite this fact, cats continue to receive less routine veterinary care than Cats.

Global Cat Food Market

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2. Unveiling the alarming surge in cat obesity rates and its implications on the Cat Food industry

Global Cat Food Market

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Startling figures released by the Association for Pet Obesity Prevention (APOP) reveal that a staggering 60% of cats in the United States are grappling with overweight or obesity issues. This growing epidemic of excess body fat is taking a toll on feline health, leading to a host of diseases, including diabetes mellitus, gastrointestinal problems, urinary tract conditions, osteoarthritis, chronic inflammation, and a shortened lifespan.

APOP provides crucial weight guidelines for different cat breeds: domestic cats should ideally weigh between 8-10 lbs, Persian cats 7-12 lbs, Siamese 5-10 lbs, and Maine Coons have the largest ideal weight range, varying between 10-25 lbs.

In 2021, a Hill's Pet Nutrition Survey revealed that the pandemic's impact on feline eating habits was profound, affecting over 71% of cases. More concerning was the finding that 33% of cat owners with overweight pets attributed their cat's weight gain to the pandemic period.

Royal Canin, determined to combat this alarming trend, has set an ambitious goal to reduce cat obesity prevalence in all felines by 2025. Their mission includes creating awareness about the issue and promoting healthy habits through strategic campaigns, innovative tools, and scientifically backed nutritional solutions.

3. The demand for high-quality cat food is on the rise owing to increased awareness about the health of cat.

Global Cat Food Market

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In recent years, there has been a notable upsurge in awareness about the health and well-being of cats among pet owners and the general public alike. As feline companionship continues to grow, so does the understanding of the crucial role that proper health plays in ensuring a fulfilling and long-lasting bond with our beloved feline friends. Pet parents are increasingly proactive in seeking out information on nutrition, exercise, and preventive healthcare measures tailored to meet their cat's specific needs. Veterinarians and animal health experts have also played a vital role in spreading knowledge and promoting the significance of regular check-ups, vaccinations, and early detection of potential health issues. This heightened awareness not only fosters healthier lifestyles for our feline companions but also strengthens the human-animal bond, fostering a sense of responsibility and care for our whiskered companions like never before. As a result, cats today are benefiting from better-informed and devoted caregivers, leading to improved overall well-being and happier lives for these cherished members of our families.

The global pet industry embraces pet humanization, as cat owners seek human-like experiences for their feline companions. Online sales in pet care are projected to surge by over 15% from 2018 to 2022. The Alpha Wise survey reveals strong emotional bonds between owners and cats worldwide. The pandemic drives e-commerce growth for cat food, particularly among younger generations. This evolving trend presents opportunities for businesses to cater to pet owners' desires and enhance the human-pet bond.

US Security Testing Market plans to revolutionize infrastructure with a projected CAGR of 18% by 2028: Ken Research

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With heavy segmentation and wide spread applications ranging in Government, financial and healthcare services, leading the US Security Testing Market one of the largest and still growing market, with a projected CAGR of ~18% by 2028.

STORY OUTLINE

  • The US Security Testing Market grows with the rapid increase in Cybersecurity threats.
  • With the advent of regularizing Regulatory Compliances, protocols are being made strict in order to safeguard data.
  • Adopting the Cloud Services has made the US Security Testing Market shift to digitized and innovative processes.
  • With technological advancements, the US security testing market pushes its boundaries.

1.The US Security Testing Market grows with the rapid increase in Cybersecurity threats.

US Security Testing Market

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  • With the rise in cyber-threats like identity theft, online fraud and system extortion, the US Security Testing Market increased their encryption for better protection.
  • The groups of threats rising today are phising, spam, spyware and malware.
  • With the incorporation of Dashi Cyber, many testing availability arose, making the market to facilitate advanced testing.
  • Along with international standards of testing like ISO 27001, CREST Penetration testing, a much stronger database called Dashi USM was incorporated in the Android and iOS.

According to Ken Research, the US Security Testing Market has come forward to face off the impending threats after the global digitization soon after the Covid-19 pandemic. With the rise in technologies and advanced algorithms like Artificial Intelligence (AI) and Machine Learning, security testing has become more accurate with lower loop holes that may pertain greater threats. This has led to the overall growth of the market, with a projected CAGR of ~18%, by the year 2028.

2.With the advent of regularizing Regulatory Compliances, protocols are being made strict in order to safeguard data.

US Security Testing Market

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  • Regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), are being enhanced for strengthening their encryption and protocols.
  • With the adoption of NIST Cybersecurity Framework 2.0 (CSF), potential high alert and future critical threats can be easily removed.
  • The enhancement of the regulation called Health Insurance Portability and Accountability Act (HIPA) has marked remarkable changes in the medical sector.
  • The improved Payment Card Industry Data Security Standard (PCI DSS) has successively safeguarded the authentication and basic data in the financial sectors.

3.Adopting the Cloud Services has made the US Security Testing Market shift to digitized and innovative processes.

Security Testing Market

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  • With continuous Security Testing within the DevSecOps through automated scans at every developmental stage, detecting major threats.
  • With more emphasis on security testing on serverless computing devices, namely the AWS Lambda, Google Cloud Functions and more, have been able to seek out critical threats.
  • With proliferation of Penetration Testing, vulnerabilities to IoT devices have been significantly reduced.
  • Increased Application Programming Interface Testing (API Testing) in the cloud environment has enhanced their task in connecting services.

4.With technological advancements, the US security testing market pushes its boundaries.

Security Testing Market

  • With the proper integration of AI and Machine Learning into the Static/ Dynamic Application Security Testing (SAST and DAST), enhanced vulnerabilities detection to reduce possible harm to the mainframe.
  • Automated security testing tools which easily mix with the Continuous Integration/Deployment (CI/CD) pipelines allows multiple automated security testing at developing stages of a software.
  • With the integration of The Intel Exchange (CTX Lite) solution from Cyware, a fully automated networked threat intelligence platform (TIP) ingests, evaluate and responds to threats.
  • Solutions like NowSecure, IoT Inspectors and Veracode Mobile Application Security can easily detect and identify mobile application and IoT device vulnerabilities.

CONCLUSION

With the advancements in cybersecurity threats and malignant malware, it is evident to say that the US Security Testing Market has to up their level with it. Adoption of stringent regulatory solutions towards cloud services and environment and increasing in penetration testing services, security testing has been never been this complex. This overall gathers people’s attention, in need of their attention for the security testing.

Logistics Evolution in KSA: Unveiling Vision 2030 - Breaking or Embracing Barriers? : Ken Research

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In line with its ambitious Vision 2030, the KSA Logistics Industry is undergoing a visionary transformation to position the kingdom as a global logistics hub. Anchored by the development of Special Economic Zones (SEZs), an integrated transport infrastructure, and comprehensive reforms of seaports, the government's strategic initiatives are poised to reshape the industry's landscape. However, amidst these promising strides, significant challenges persist. The absence of a professional warehouse and inadequate port facilities hindered the industry’s progress. As the KSA charts its course toward becoming a logistics powerhouse, the question remains: Can the industry navigate these hurdles and sustain its growth trajectory? Discover the insights that lie ahead, exploring whether the industry can triumph over its bottlenecks, within the following discourse

1. The KSA government is aiming to establish the kingdom as a logistics hub under it’s vision 2030 by development of SEZ, integrated transport infrastructure and reformation of sea portsLogistics Evolution in KSA Request a Call with Expert to know more about the business model

2. For this, KSA is planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in the comprehensive nationwide network over the coming years

Logistics Evolution in KSA3. However, Lack of professional warehouses, inadequate facilities at ports, and poor trucking services are the major barriers to the growth of the Logistics Market in KSA

Logistics Evolution in KSA4. But the market is expected to have excellent growth in the future due to substantial investment projects taken by the government for the construction of airports, seaports, and bridges for better inter-country connectivity

Logistics Evolution in KSA5. The industry has a strong potential to register positive growth in the next five years owing to the immense support from the government through investments in infrastructure 

Logistics Evolution in KSASome of the Intelligence Curated by Ken Research in Logistics Market Space:

  • Indonesia Logistics Market Outlook to 2027 driven by high growth in E-Commerce, government policies attracting foreign investors & promising manufacturing sector.
  • UAE Cold Chain Market Outlook to 2027 Driven by rising consumption of dairy, meat and seafood, smooth domestic and international connectivity and automation in warehouses
  • Vietnam Cold Chain Market Outlook to 2026 Driven by Rising Meat and Seafood Consumption and Increasing Awareness of Applying Cold Chain in Protecting Foods in Vietnam
  • KSA Warehousing Automation Market Outlook to 2027 Driven by Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation
  • South Korea Warehouse Automation Market Outlook to 2027 Driven By increasing demand from end-user industries and factors such as increasing labor cost and labor shortage in the country

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KSA Logistics Industry

The Saudi Arabian Movie Theatre Market taking off : Ken Research

 Story Outline

      The Saudi Arabian Leisure and Entertainment Market is expected to grow at a CAGR of ~15% from 2022 to 2027.

  • MUVI Cinemas is the top player in the Saudi Arabian Theatre Market based on Revenue as well as number of theatres and screens.
  • MUVI Studios was launched in 2022 with a plan to churn out an average of some 20 feature films per year
  • VOX Cinemas comes in at number two amongst the movie theatre market in KSA with 155 screens spanning across six cities.
  • VOX Cinemas gives a lot of importance to customer experience thus the elaborate food menu, dedicated children’s playrooms, stunning rooftop views, and others.

Introduction

The Saudi Arabian Theatre industry has witnessed significant growth and modernization in recent years, growing at a CAGR of ~70% from 2019 to 2022. With the lifting of cinema bans and changing government policies, both local and international cinema chains have established a strong presence in the country. State-of-the-art technology, immersive experiences, and diverse food offerings have contributed to the industry's success. Additionally, the emergence of home-grown cinema chains and successful film productions have further bolstered the Kingdom's position as a prominent player in the Kingdom’s entertainment landscape.

1.MUVI Cinemas is the largest cinema of KSA and is home-grown. It has 21 theatres with a total of 205 screens spanning across nine cities in the country.

MUVI Cinemas offers state-of-the-art technology. It offers diverse and immersive experiences combined with delicious food menu which adds to the revenue streams of the theatre.

MUVI Cinemas opened the country’s largest movie theatre in January this year, with 25 screens in Riyadh Boulevard City.

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According to Ken Research, the Saudi Arabian Leisure and Entertainment market is expected to grow at a CAGR of ~15% from 2022 to 2027. The largest contributor to this has been the OTT industry followed by the movie theatre industry.

2.Muvi Studios is breaking records at the Saudi box office, with more than 1 million tickets sold for its two latest productions.

In the first three months since its release, underground wrestling comedy “Sattar” has sold 897,000 tickets, making it the highest-grossing Saudi movie ever for such an opening period and fourth on the list of all international and regional productions.

The studio’s second film, “Two for Rent,” managed to clock up 235,000 ticket sales in the same period.

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3.Vox Cinemas, owned by UAE-based shopping mall, retail and leisure firm Majid Al Futtaim Group, which operates 155 screens in six cities in Saudi come in at second place.

It uses the most advanced technology for sound and picture with forming strong and exclusive partnerships.

Its USP is that it has large cinemas. It also has dedicated children's playrooms, and stunning rooftop views which give it a competitive advantage over its competitors.

Moreover, it celebrates and festivals by offering discounts and offers to customers.

4.VOX Cinemas offers a wholesome experience by offering an extensive food and snack menu at its theatres considering the largest chunk of the customer base comes from the age group between 18 and 40 years.

Its dedicated Candy Bar offers guests a wide variety of signature snacks such as VOX Popcorn in seven unique flavors, burgers, hotdogs, pizzas, and nachos. Exclusively in the UAE, Candy Bar is also serving an Iftar Combo which includes a Kofte Slider, Falafel Slider, Shish Tawook Slider, Dates, Jallab Drink, Tabouleh, Hot Mezzeh, and Lazy Cake – all for just AED 55. The delicious combo is available in-cinemas and online for home delivery.

The dedicated cinema arm of Majid Al Futtaim continues to take initiatives to give the consumer the best experience. For its luxury cinema concept GOLD, they collaborated with celebrity Saudi Chef Mona Mosly who curated 20 signature dishes to elevate the in-cinema dining experience with a specially curated menu.

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Conclusion

The cinema industry in Saudi Arabia is witnessing remarkable growth, with MUVI Cinemas leading as the largest home-grown chain. Its state-of-the-art technology, immersive experiences, and delectable food offerings contribute to its success. Meanwhile, Muvi Studios is making waves with record-breaking ticket sales for its latest productions. Vox Cinemas, owned by Majid Al Futtaim Group, comes in second place, boasting advanced technology, large cinemas, and unique customer experiences. Their dedication to offering an extensive food menu and special collaborations, like the one with celebrity Chef Mona Mostly, demonstrates their commitment to providing the best cinema experience for customers in the region.