Global Cloud Gaming Market is expected to witness exponential growth of around 60% CAGR to 2022-2028: Ken Research

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What is the Size of Global Cloud Gaming Industry?

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

The Cloud Gaming Market is largely driven rising internet penetration, access to strong smartphones and impact of Covid-19.

According to GSMA 2019, there were 5.2 billion smartphone connections globally and by 2025 smartphone usage is expected to reach around 80%. Due to this gaming developers are developing more mobile-based games. So that they can earn more revenue from people adopting the usage of smartphones.

Poor internet connectivity within some countries acts as a major barrier for the cloud gaming market as it requires high-speed internet with proper bandwidth and setting up such a connection might be expensive. So, lag in gaming or proper responsiveness of the game while playing might be an issue.

The pandemic of COVID-19 has substantially accelerated the use of cloud gaming devices and services as due to lockdown restrictions people were mostly locked in their places and cloud gaming did not require any additional hardware and can be played almost on any device turning it into their pass times during lockdown.

Global Cloud Gaming Market by Offering

The Global Cloud Gaming Market is segmented by Offering into Infrastructure and Gaming Platform Services.

In the Global Cloud gaming market, the Gaming Platform Services segment is the fastest growing during the forecast period.

Gaming Platform Services reduce the limitations based on graphics performance, storage requirements, and processing power and provide an amazing gaming experience.

With the help of Gaming Platform Services gamers don’t have to wait for downloading and installation of the game which provides an added advantage. In 2022, Meta launched the game development platform Crayta to Facebook Gaming’s cloud streaming service that lets one build and play games with friends in real time.

Global Cloud Gaming Market by Device Type

The Global Cloud Gaming Market is segmented by Device Type into Smartphones, Tablets, Gaming Consoles, PCs & Laptops, Smart TVs and Head-Mounted Displays.

Tablets, PC & Laptops segment holds the largest market share in 2021

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Early acquisition of Tablets, PC & Laptops led to the development of innovative games as gamers were already using PC & tablets from before so it has already captured the market and these devices are expected to still capture the largest market share because devices are constantly updating their configuration for better performance.

In June 2022, Microsoft launched Xbox Cloud Gaming in New Zealand and Argentina. Ultimate subscribers of XBOX Game Pass can stream more than 100 games to phones, tablets, PCs, and Samsung TVs.

Global Cloud Gaming Market by Solution

The Global Cloud Gaming Market is segmented by Solution into Video Streaming and File Streaming.

The File Streaming Solution segment of the Global Cloud Gaming Market is expected to have the largest market share during the forecast period

This technology allows players to have access to the game after downloading a small number of files to their devices. It allows game developers to decrease the cost of media production and send patches to gamers.

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By Offering

• Infrastructure

• Gaming Platform Services

By Device Type

• Smartphones

• Tablets

• Gaming Consoles

• PCs & Laptops

• Smart TVs

• Head-Mounted Displays

By Solution

• Video Streaming

• File Streaming

By End User Segment

• Casual Gamers

• Avid Gamers

• Hardcore Gamers

By Geography

• NORTH AMERICA (USA, Canada, Mexico)

• LAMEA (Latin America, Middle East, Africa)

• EUROPE (UK, France, Germany, Italy, Spain, Rest of Europe)

• ASIA-PACIFIC (China, India, South Korea, Australia, Indonesia, Japan, Rest of Asia Pacific)

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Global Cloud Gaming Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 

Global Ethernet Controller Market is expected to reach US$ 15 Bn in 2028 growing with a CAGR of ~7%: Ken Research

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What Is the Size of Global Ethernet Controller Industry?

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

The Ethernet Controller Market is largely driven by increasing use of servers in data centers, surging number of OTT broadcasting service providers and traditional broadcasters.

Data-intensive applications like cloud computing and big data continue to drive the demand for servers in ethernet controllers. Large terabits of data from such applications to data centers and vice versa move each second and moving this data into data centers requires a strong infrastructure efficient for handling the distribution of high-bandwidth data with high IP traffic to and from storage endpoints, main switches, and high-end switches.

Ethernet controllers help link these devices with the help of media access control addresses. Thus, the rise in demand for these data-intensive applications helps in market growth.

In March 2020, Ethernity Networks introduced its ENET-D, an Ethernet controller technology in addition to its ACE-NIC100 SmartNIC that efficiently processes millions of data streams and provides performance acceleration for network and security devices.

Furthermore, the challenges faced by the Ethernet Controller Market are the high prices associated with ethernet controllers that pose a challenge to generating revenues for the companies. Another challenge is the need for continuous updates of the drivers.

Global Ethernet Controller Market by Bandwidth Type

The Global Ethernet Controller Market is segmented by Bandwidth Type into Fast Ethernet, Ethernet and Switch Ethernet.

In the Global Ethernet Controller Market, the Fast Ethernet segment held the largest market share in 2022.

The installation of new and advanced software and increasing transfer rates are accelerating the demand for this segment.

According to CommNet, a manufacturer of audio, video, data, and ethernet communication products, Fast Ethernet transmission is at least 10 times faster than normal ethernet and proves to be useful in maintaining compatible connections to servers with high speed, decreasing bandwidth bottlenecks for network systems operating multiple IP videotape cameras and IoT, and seamlessly supporting complex networks that run multiple bandwidth-intense software packages at the same time.

Global Ethernet Controller Market by Function

The Global Ethernet Controller Market is segmented by Function into PHY (Physical Layer) and integrated.

The PHY (Physical Layer) segment held the largest market share in 2022 in the Global Ethernet Controller Market.

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An Ethernet PHY is designed to deliver error-free transmission over a variety of media to reach distances that exceed 100m.

In December 2021, Marvell declared the industry’s first 802.1 AE MACsec integrated dual 1000BT1 and 100BT1 PHYs.

The new products aid OEMs in transitioning toward software-defined vehicles, where secure data communication is a critical need, extending Marvell’s portfolio in automotive Ethernet PHY. These Ethernet PHY solutions enable energy-effective, secure in-vehicle networks and help in achieving functional safety compliance at the system level.

Global Ethernet Controller Market By Application

The Global Ethernet Controller market is segmented by Application into Servers, Embedded Systems, Consumer Application, Routers and Switches, Desktop Systems and Others.

In the Global Ethernet Controller Market, the servers segment held the largest market share in 2022.

The enterprise migration to the cloud and the role of emerging technologies such as artificial intelligence, the Internet of Things (IoT), and analytics are increasing the use of servers.

For instance, Oracle Big Data Appliance includes five or more servers and the technology to connect the servers to the network. The network connections allow the servers to be administered remotely and allow customers to connect to them.

Global Ethernet Controller Market By Geography

The Global Ethernet Controller Market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

The Asia Pacific Ethernet Controller Market is expected to be the fastest-growing market during the forecast period in the Global Ethernet Controller Market.

This growth is due to the growing use of ethernet controllers in consumer usage, servers, and desktop systems in the region and increases in demand for (Voice over Internet Protocol) VoIP solutions, gaming consoles, and digital signage.

According to Cisco Korea, in 2021, internet applications reached 7.7 exabytes per month compared to about 3.4 exabytes in 2016. In addition, the growth of IoT and 5G deployed are also playing a significant part in driving the demand.

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By Bandwidth Type

• Fast Ethernet

• Ethernet

• Switch Ethernet

By Function

• PHY (Physical Layer)

• Integrated

By Application

• Servers

• Embedded Systems

• Consumer Application

• Routers and Switches

• Desktop Systems

• Others

• By Region

North America

• USA

• Canada

• Mexico

• Germany

• UK

• France

• Italy

• Spain

• China

• Japan

• India

• Australia

• South Korea

• Europe

Asia Pacific

• LAMEA

• Latin America

• Middle East

• Africa

Key Companies

• Intel Corporation

• Broadcom Inc.

• Cirrus Logic Inc.

• Silicon Laboratories

• Texas Instrument Incorporated

• Marvell Technology Group Ltd

• Microsemi Corporation

• Realtek Semiconductor Corp.

• Mindspeed Technologies Inc.

• Siemens AG

• OMRON Corp.

• Comlab Telecommunications Inc.

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

Global Ethernet Controller Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Philippines Medical Education Market is in Growing Stage, driven by its Quality Education & increasing popularity

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1. Philippines Medical Education is one of the Finest especially in terms of cost of the Course as well as other Medical Training

The medical education system in Philippines is highly exclusive & offers a variety of specialized courses such as Anesthesiology, Gynecology, Pediatrician, Surgery, Internal Medicine, Ophthalmology and more. Specialization in Philippines is regarded as residency program as well the fellowship program (Training Programs) for collectively 5 Years. Moreover, there is a dedicated board for each specialization that conducts an exam which is mandatory for every doctor to be qualified as a specialist. When it comes to the overall structure, Philippine’s Medical Education System resembles a lot with the American system thereby increasing its popularity. This can be easily understood with the increasing number of Opthalmology & Internal medicine graduates represented in the graph. It is also important to note that when it comes to competition scenario, Philippines has a highly competitive market packed with private universities. As per data, Private Universities hold a major chunk of the market with 81% market share while Public Universities hold 19% of the same.

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2. Philippines has been a Great Environment to Accommodate Students especially International Aspirants

Philippines has shown a very welcoming environment for the foreign students. Clinical practice requires an intensive training program and hence a good communication can be helpful for both the patient and the doctor. There has been an increase in the initiatives taken by the government to tackle the low doctor to patient ratio.  This was majorly seen in the Philippine Health Agenda 2016–2022 that included the prospect of education for most students in rural areas. The other factor that has made the system popular is its flexibility wherein each university can mold its own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Philippines, unlike most European countries, has a lower cost of living which attracts a great deal of foreign students. The cheap cost of living allows them to not only study at an affordable cost but also live comfortably.

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3. Emigration of Highly Trained Medical Practitioners is a major hurdle in Philippines Healthcare Ecosystem 

There is no structure or one way exam to get into residency programs in Philippines. The emigration of highly trained or intelligent medical staff from Philippines to countries like USA, UK, Canada and others is a serious problem for the healthcare system. Moreover, many qualified Filipino medical personnel are recruited to work overseas, leaving the medical industry short-handed. The country has approximately just one physician per 33,000 residents, which is significantly worse than in other countries. There is also lack of support staff including medical technicians and midwifes. Despite the large number of doctors produced annually, many medical and healthcare positions in rural and geographically isolated and disadvantaged areas (GIDAs) remain vacant since work opportunities in the urban setting and abroad appear more attractive and profitable.

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Philippines Medical Education Market: Ken Research 

The Government aims for wide adoption of 3D printing technology in the UAE by 2030: Ken Research

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1. Due to the rise of the COVID-19 pandemic in the UAE this technology was used for the purpose of manufacturing commercially.

3D printing has been around since the early 1980s, but the technology wasn't employed for business R&D until the early 21st century the 3D printing market in UAE grew at a double-digit positive CAGR between 2016 and 2021P. The expansion is linked to several government measures proposed since 2016 to encourage the growth of the 3D printing sector. Restrictions on free trade and imports in the UAE as a result of Covid-19 aided in the establishment of local production of items employing 3D printing technology. The increased worldwide research and development in 3D printing has resulted in new improvements, making the technology more user-friendly.

2. Flexibility, Freedom, and reduced time for product development at reduced costs drive the modern-day consumer of 3D technology.

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With rising per capita income, the need for uniqueness, the expansion of e-commerce, and smart consumer interaction methods, there is a growing demand for considerable degrees of personalization. Previously, standard production processes did not allow for this. Growing customization choices are likely to stimulate increased demand from end users in a variety of industries, including healthcare, automotive, aerospace, consumer products, and so on. Additionally, 3D printing acceptance and growth are linked to organisations migrating from prototype to manufacturing. As technology advances and 3D printer performance improves, adaptability is making its way into the market on a wide scale. Because models are now built utilising software models, design development and redesign issues may be solved by revising and uploading new files to the programme, reducing the time between ideation and prototype. This minimizes the expense of retooling and replicating the prototype through trial and error significantly.

3. In the next years, 3D printing technology will become as widespread in every household as regular printers were previously.

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Despite the fact that the CAGR of 2021P-26F is significantly lower than the CAGR of 2016-2021P, the industry will remain in a growth phase until 2040, since the rise in the industry in 2021 was an exception and not the typical market pattern. In the coming years, 3D printing technology will become as widespread in every household as standard printers were. Previously, everyone had to go to internet cafés to get prints, but now they don't even have to be present at the workstation to print a file. The adoption of 3D printing would follow a similar pattern in the coming years as the technology progresses and firms attain more efficiency in system performance.

4. Manufacturing using 3D printing techniques will not be economically feasible for longer production runs, at a larger scale.

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The lack of finishing quality is one of the technology's primary drawbacks. Dimensional inaccuracy is frequent in 3D-printed goods, making product uniformity difficult. Post-printing operations are critical in providing the appropriate finish in a product. Some techniques include support removal, electroplating, epoxy coating, polishing, and so forth. Moreover, despite being more cost-effective in the long term, 3D printing equipment and materials have excessive initial installation and running costs, preventing significant market penetration. Furthermore, since the structure is printed using a concrete mix, there is also a limitation on the design of the building. A sharp corner, without any metallic beam, might cause extreme stress on the corners, and hence might lead to cracks. Therefore, the structure is majorly going to be in a curve at the edge.

High Consumer Adoption Rate, Boost in Technology Industry, Alternative Payment Methods and Sustainable approaches are propelling the Outdoor Payment Terminal Market in Canada: Ken Research

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1. The Canada Outdoor Payment Terminal Market is expected to increase by ~ 100,000 units on the basis of total installed base with high consumer adoption rate by 2025F

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On average, the adoption rate was ~ 90% in 2021 for the overall installed base of OTPs in Canada which is expected to rise by more 2% in 2025F.

There are 2 OPT installed at 1 dispenser unit at Fuel stations there is 1 OPT at 1 Charging Unit at EV Stations, with an average age of OPT around 7-10 years.

2. Scale Disadvantages, Long Procurement Cycle, Frauds, Lack of Manufacturing Centers and R&D infrastructure and Skimming pose challenges in Canada Outdoor Payment Terminal Market

In Canada, while the consumption of Outdoor Payment terminals is increasing, advantages of scale are not available to domestic manufacturers, which has resulted in heavy imports. Procurement of raw materials for manufacturing OPT terminals is a lengthy process. Acquiring necessary supplies can take up to 6-8 weeks further stretched due to the ongoing pandemic situation. Wide adoption of EMV compliance throughout most of retail has only highlighted fuel pumps as easy targets for skimmers. Lack of manufacturing centres in the country restrains the growth of market domestically, as major end users depend on outsourcing from banks and foreign market players to obtain OPT units. The lack of hardware R&D infrastructure for OPTs in Canada has pushed manufacturers to rely on foreign hardware manufacturers for various components.

3. Maximized System Uptime, Improved Experience, Next-Gen Payment, Fast Deployment, and Robust Security are the key Industry Disruption Technologies in Canada Outdoor Payment Market

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• Adopting next-generation payment solutions enable customers to perform basic financial transactions seamlessly. Self-service payment technology providers are partnering with other companies to enhance their offerings and improve customer experience.
• Outdoor payment terminals are banknote enabled and all are built to the highest standards, so fuel retailers can be confident their assets are secure. Installed Anti-skimming and anti-tamper devices with latest PCI certification.
• Standards-based APIs and plugins are used extensively to enable efficient integration with minimal customization. OPTs are also platform-independent and can be deployed on any site hardware.
• OPTs provide consistent customer response even during peak business hours via a solid-state, hardened design. It can withstand challenging environmental conditions like severe weather, bright sunlight, dust, vehicle exhaust.
• New Outdoor payment terminals feature modern aesthetics and versatile display options. Quick and simple deployment and integration in the forecourt with Anti-fogging and anti-reflection display technology.
• It is Cloud-enabled. It can earn potential revenue through selling advertising space. It can host videos, images and apps with uninterrupted play during payment sequence.

Medical Education Landscape in Thailand has grown strongly over the years owing to Thailand Government Initiatives and laws enforced by Office of the Higher Education Commission: Ken Research

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1.  Thailand is the third most popular study destination in Southeast Asia after Malaysia and Singapore and attracts a far larger number of international degree students owing to following reasons

• Vast majority of international students come from Asian neighbor countries, with China being the largest sending country by far.
• If institutions fail to rectify identified quality problems within a specified period of time, they are subject to closure. The closure of HEIs is under the purview of OHEC, which also maintains a directory of duly recognized public and private higher education institutions.
• Number of policies are articulated to support new medical experiments and research in the country.
• HEIs in Thailand, including multi-disciplinary research universities, specialized institutions (Buddhist universities, nursing colleges, or military academies) and community colleges.
• National Research University initiated and Promoted research in Higher Education Programs, designed to strengthen Thailand’s national research universities and develop them into world-class institutions.

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2. Political Instability along with few other challenges have resulted in the suppressed growth of Private sector in Medical education System

Political Influence has affected inbound mobility in Thailand historically and it has also led to under development state of the private sector in the medical education system. U.S. has historically been a preferred study destination for the Thai students and the trends appears to be similar till date.

However, there has been a drop in the no. student’s enrollment in US Education but the change was not very significant. Another problem with a more immediate impact on the education system is Thailand’s brisk demographic decline.

Thailand’s population is aging rapidly – a trend that causes the student population to shrink and threatens the existence of large numbers of Thai HIEs, particularly in the private sector.

3. Initiatives taken by the Government provides impetus to Medical Education in Thailand

The majority of the colleges are government colleges and funded by Ministry of Public Health with the main motive to improve medical education, especially in rural areas. This will enable better access to internal medicine doctors in the underdeveloped regions of the country. The training sessions are also largely focused to deal with the challenges prevailing in the rural sector. Thailand is pursuing increased integration into the global education community, with an emphasis on regional partners (notably ASEAN partner countries).

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The number of collaborative programs between Thai and foreign higher education institutions is on the rise, and governments have emphasized internationalization of the Thai education system. Postgraduate program is in the alignment with international standards and are fairly regulated by respective Royal Colleges and Medical Council of Thailand. Cooperation from the Consortium by the Thai Medical Council empowers the medical schools to be able to cope with changing situations and deal with all policy makers, thus enabling them to maintain and continuously improve

Global Enzymes Market is expected to record a positive CAGR of over 6% during the forecast period (2022-2028): Ken Research

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What Is the Size of Global Enzymes Industry?

Global Enzymes market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Enzymes Market is largely driven by increase in technological advancements for the manufacturing of enzymes along with the growing demand for enzymes in various industries including food and beverages, bioenergy, animal feed, pharmaceuticals, and others.

The growing demand for enzymes for the treatment of various diseases including cardiovascular diseases, cancer, and others along with the increasing prevalence of cardiovascular diseases and increase in the geriatric population is expected to augment the growth of the market.

The lack of standard regulatory policies on enzymes is the most significant barrier to the growth of the enzymes industry globally. In March 2021, according to The European Parliament, there are over 250 technical enzymes which are produced from genetically-modified organisms and most of them are permitted in Europe. However, no relevant, independent, or well-founded studies have been done on their effects on health, which led to a lack of mandatory labeling of technical enzymes in the food processing industry.

During the initial period of COVID-19 pandemic, the disrupted supply chains have affected the production capacity, demand, and supply of the enzymes but post 2021 the demand for enzymes increased owing to rising health awareness among consumers which has boosted the demand for immunity-enhancing products.

Global Enzymes Market By Glass Product Type

The Global Enzymes market is segmented by Product Type into Industrial enzymes and Specialty enzymes. Industrial enzymes segment held the largest share of the global enzymes market in 2022, owing to the growing demand for enzymes for the manufacturing of various products including detergents, food and beverages, textile, biofuels, paper & pulp, and others. Moreover, the increase in the use of detergents in household and industrial applications has enabled manufacturers to launch new products in the market.

In September 2021, Novozymes A/S launched a phosphodiesterase enzyme named Pristine, a biodegradable and natural ingredient for detergent. This enzyme helps tackle the problem of malodor and discoloration. It breaks down the layer of body grime and releases odor and dirt. The launch aims to expand the company’s product portfolio.

Global Enzymes Market By Source

The Global Enzymes Market is segmented by Source into Microorganism, Plant and Animal. The microorganism segment accounts for the majority share of the global enzymes market in 2022, due to its low production cost as well as easy availability of the source. In addition, the microorganism-based enzymes can be cultivated in large quantities in a short period which gives an added advantage in the enzyme production process. The increase in research and development on the production of enzymes from microorganisms is expected to fuel the growth of the market.

According to the National Center for Biotechnology Information, the demand for enzymes is increasing rapidly in various industries including agriculture, food, chemicals, pharmaceuticals, and others, and microbial enzymes have gained interest due to their catalytic activity, stability, and ease of production and optimization in comparison to other plant and animal enzymes.

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Global Enzymes Market By Type

The Global Enzymes market is segmented by type into    Carbohydrase, Proteases, Lipases, Polymerases & Nucleases and Other Enzymes. The carbohydrase segment accounts for the majority share of the global enzymes market owing to the surge in the demand for carbohydrase such as cellulose and amylases in various industrial applications including textile, pulp & paper, food and beverages industry, and others. In addition, carbohydrase has great potential in improving feed energy which has increased its demand in the feed industry. The aforementioned factors are expected to propel the growth of the market.

A research study published in June 2021 shared that according to Elsevier B.V., supplementation of multi-carbohydrase in poultry diet can help improve nutrient digestibility, energy and protein utilization, and growth rates.

Key Topics Covered in the Report:-

Snapshot of Global Enzymes Market

Industry Value Chain and Ecosystem Analysis of Enzymes Market

Market size and Segmentation of Global Enzymes Market

Historic Growth of Overall Global Enzymes Market and Segments

Competition Scenario of the Enzymes Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of Global Enzymes Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Enzymes Market

Future Market Forecast and Growth Rates of the Global Enzymes Market and by Segments

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

Analysis of Enzymes Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

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

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

Overview of Notable Emerging Competitor Companies within Each Major Country

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Major Companies Profiled in the Report

BASF SE

Novozymes A/S

IFF

DSM

Codexis, Inc.

Merck KGaA

Chr. Hansen Holding A/S

Advanced Enzyme Technologies

AB Enzymes

F. Hoffmann-La Roche Ltd

Thermo Fisher Scientific

Creative Enzymes

Notable Emerging Companies Mentioned in the Report

Associated British Foods Plc

BBI Enzymes Ltd.

Dyadic International

CapriEnzymes

Aumgene Biosciences

Amano Enzymes

Enzyme Solutions

Biocatalysts Ltd

Enzymatic Deinking Technologies

Novus International

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

Enzymes Manufacturers

Food and Beverages Manufacturers

Pharmaceutical Companies

Biotechnology Association

Biotechnology Companies

Diagnostic Companies

Biofuel Producers

Animal Feed Manufacturers

Detergent Manufacturers

Cleaning Products Companies

Cosmetics Manufacturers

Agriculture Companies

Bakery Producers

Suppliers to Enzyme Manufacturers

Food Regulatory Authorities

Government Ministries of Food

Government Ministries of Health

Food Research Institutes

Specialty Chemicals Manufacturers

Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2028F

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

Global Enzymes Market

Rapidly rising interest in all kinds of wellness-related behaviors and lifestyles will help the Algeria Fitness market to double its growth rate: Ken Research

 1. Fitness industry in Algeria is an underpenetrated market with just a 1.0% penetration rate.

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The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rates in the MENA market. However, growing consumer awareness of the negative effects of a sedentary lifestyle, the adoption of digital advances for connectivity, and creative training methods are driving the growth of the industry. Moreover, women are increasingly participating in the fitness sector as trainers, fitness influencers, and entrepreneurs which is leading to an increase in female memberships and employment.

2. Offline health and fitness centers dominate the market with the highest revenue contribution in the year 2020.

The fitness industry of Algeria can be segmented into two parts: offline and online fitness industry. Presently, offline fitness centres leads the segment with ~87% of the total market revenue generated in the year 2020 whereas the online fitness market contributes only ~13% of the total revenue. But, the contribution of the online fitness market is poised to grow in the coming future with the rise in demand for virtual sessions in the country.

3. Large tech-savvy and young connected population is driving the growth of the digital fitness market of Algeria

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The Algeria Digital Fitness segment has witnessed a tremendous growth of ~92% CAGR during 2017-2020. The pandemic played a key role in the expansion of the online fitness sector in the country as offline fitness centers were closed due to the lockdown which led to the adoption of virtual training and at-home training. Now that the lockdown is over and offline fitness centers are opened, still large tech-savvy and young connected populations are opting for virtual fitness workouts owing to convenience and affordability due to small group training.

4. Digital Fitness App Market is expected to grow around ~30% CAGR in the next five years owing to the increasing internet penetration.

Enhancing fitness awareness and popularization of the fitness apps due to penetration of internet and increase in mobile phone users is expected to drive the market growth. The industry is experimenting with “digital fitness” by offering online classes and incorporating fitness-based apps for at-home exercise.  All these factors will help the online fitness industry to experience a double-digit growth rate by 2025.

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Algeria Fitness Services Market

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.

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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.

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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.

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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

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.

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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

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.

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.

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