Friday, May 31, 2019

India POCT Market will be Driven by Increasing Prevalence of Chronic Diseases Coupled with Rising Elderly Population in the Country: Ken Research

“Rapid Technological Innovations in Medical Devices coupled with Cost Reduction in health Checkups and Quick Diagnosis has driven the POCT Market in India”
The report Titled “India POCT Market Outlook to 2023 - By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits, and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region” by Ken Research suggested that the POCT market in India has been growing due to the advancements in medical knowledge and rising R&D in this sector. Moreover, growing awareness and acceptability of POCT devices by individuals and hospitals have also led to the expansion in the market. The market is expected to register a positive CAGR of 11.9% in terms of revenue during the forecast period FY’2018-FY’2023E.
India POCT Market
Increasing Number of POCT Companies: Number of companies has started venturing in India POCT market and with a vast scope of innovation and expansion; these new companies have been expanding their product lines into POCT device manufacturing. It has been observed that in FY’2018, over 40% of the companies have started producing these POCT devices domestically including companies such as Alere Medical, Trans Asia Medical, Siemens Healthineers, Trivitron Healthcare, J. Mitra & Co. Pvt. Ltd., UE Life science and others. However the majority of the POCT devices in India are still imported from countries such as the USA, China and Europe owing to better technology and the presence of manufacturing units of global companies.
Automation, miniaturization and diversification of Devices: Devices such as G-5 mobile continuous Glucose Monitoring System (approved by FDA) and Guardian Connect have started being used for monitoring the sugar level through a mobile application for smartphones in 2018, making it convenient for people to access the device through their mobile phones without a separate hardware monitor. The increasing usage of self-tracking devices such as wearable wristbands linked to cloud storage, sleep monitors, blood pressure cuffs and finger stick blood tests has started amongst a certain section of the Indian population which has further boosted the demand for POCT devices in India.
Improved and Combined Network for Data Management and Processing: The POCT devices have started being connected to separate data management systems so that there is centralized control over the data and it is easily accessible at all points of time through a web-based platform. Companies such as Seimens Healthineers, Hemocue, and Abott have connected POCT devices to their data management systems which have to lead to better monitoring of the patient's health by storing the results in a graphical or table format. In addition to this, POCT devices are being monitored and managed through the Laboratory Information System (LIS) and other networks.
Key Segments Covered:-
By Major Devices
Blood Glucose Testing Kits
Infectious Disease Testing Kits
Blood Gas Electrolytes
Pregnancy and Fertility Testing Kits
CardioMetabolic Monitoring
Anticoagulant Management
Cholesterol Testing Kits
Others
By End Users
Hospitals & Clinics
Consumers/ Individuals
Diagnostic Labs
Home Healthcare
Others
By Distribution Channel
Distributors
Direct Sales
By Region
Tier 1 Cities
Tier 2 Cities
Tier 3 Cities
By Consumables and Instruments
Key Target Audience
Point of Care Companies
Hospitals & Clinics
Government organizations
Medical Devices and Equipment companies
Home Healthcare Companies
Time Period Captured in the Report:-
Historical Period: FY’2013-FY’2018
Forecast Period: FY’2018-FY’2023
Companies Covered:-
Abbott India Limited
Roche Diagnostics
Siemens Healthcare Private Limited
Beckman Coulter India Pvt. Ltd.
J Mitra & Co. Pvt. Ltd.
Trans Asia Biomedical
Radiometer India
Bio-Rad Laboratories
DiaSys India
EKF Diagnostics
Renesas Electronics
Triviton Healthcare Private Limited
Becton Dickinson India Private Limited
India Medtronic Private Limited
Keywords:-
AYUSH Registered Doctors India
Point of Care Testing Market India
Point of Care Testing Market in India
India Point of Care Testing Market Size
Point of Care Testing in India
India Rapid Diagnostic Testing
India POCT Devices Import
India POCT Devices Export
Pregnancy and Fertility Testing Kits India POCT
Pregnancy Test Kits Market India
Blood Glucose Monitoring System Market
Number of Diabetes Patients India
Diabetes Prevalence Rate India
Immunoassay Analyzers India
POCT Industry in India
POCT Market in India
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Increasing Trends In The Global Smart Mirrors Market Outlook: Ken Research


The term smart mirror mentions to the mirror glasses that are prepared with the several surrounded electronic device and features of connectivity. Many of the popular electronic devices are incorporated in the smart mirrors involve displays, cameras, sensors and connectivity equipment. Not only has this, such mirrors are extensively utilized in numerous industry verticals which includes healthcare, automotive, retail, residential and several others as they are integrated with the other simple devices in order to make them smart and connectable. The smart mirrors come along the touch screen technology and are consumer friendly and straightforwardly to operate. Furthermore, the players of smart mirror market are playing an important role for improving the functioning of smart mirrors across the several industry verticals for generating the high amount of revenue and leading the fastest market growth around the globe more positively throughout the forecasted period.



According to the report analysis, ‘Smart Mirror Market - Global Drivers, Opportunities, Trends, and Forecasts to 2022’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the handsome amount of market share across the globe in the coming years more efficiently while offering several services along the smart mirrors at a reasonable price, favorable policies of the government of respective region and attaining the tremendous opportunities includes Gentex Corp., Panasonic, Suera, Samsung, Magna International and several others.

Moreover, the smart mirror suggests an unproblematic experience enabling the consumer to get admittance to the information like they will ultimately get from other devices such as smartphones, laptops, and TV. Whereas, as for now, the consumers are showing their extensive interest in utilizing the technology in integrated mirrors, thereby generating the occasions for both manufacturers and fashion designers to turn up with new innovative ideas to snatch the market share and standout in the competition.

The Global Smart Mirror market is anticipated to reach USD 1,220.3 million by 2022, growing at an extensive CAGR of 14.4% during the forecast period of 2016-2022. Whereas, the smart material market is sectored into self-dimming, self-healing, and self-cleaning mirrors. However, the Self-dimming mirrors control the mainstream of the market share as automobiles are using rear-view mirrors. The surrounded technologies include internet connectivity, RFID, Bluetooth, cameras, touchscreen, etc.The smart material market is anticipated to reach USD 709.4 million by 2022, increase at a CAGR of 16.3%.

Although, the significant increase in the technological advancements in the embedded devices is one of the most efficient aspects for propelling the smart mirrors market. The market is extensively technology driven and hence, the smart mirror suppliers are continuously aimed on delivering the progressive products that can attract more consumers. Moreover, based on the geography, the market of smart mirror is spread across the globe. Whereas, the Europe controls the mainstream of the market share followed by North America. The extensive reception of smart mirror in automobiles, retail and consumer segments is the foremost driver for the growth of the market in these regions. LAMEA has limitations on clothes for the women, decreasing the opportunity for the global suppliers in the retail sector. However, the market for automobiles will be very robust in GCC countries. Therefore, in the coming years, it is predicted that the market of smart mirror will increase around the globe more positively over the forecasted period.

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Thursday, May 30, 2019

Rise in Consumer Behavior Analysis, Followed by Integration of Machine Learning with Increase in Usage of Big Data to Drive Machine Learning as a Service Market over the Forecast Period: Ken Research

Machine learning as a service or MLaaS refers to a variety of services which provide machine learning tools as a division of cloud computing services. These tools contain predictive analytics, data visualization, face recognition, APIs, natural language processing, and deep learning. It is well associated to deal with the complexities of the industrialized industry. The main benefit of MLaaS is that consumer can get started fast with machine learning without downloading & installing some software at their end.

According to study, “Machine Learning as a Service Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023” some of the major companies that are currently working in the machine learning as a service market are Amazon Web Services Inc., Microsoft Corp., Google Inc., Predistron Labs Ltd., IBM Corporation, Fair Isaac Corp. FICO, BigML Inc., AT & T, SAS Institute Inc., H2O.ai, Iflowsoft Solutions Inc., Yottamine Analytics, Fuzzy Ai, Hewlett Packard Enterprise, Sift Science Inc., PurePredictive, Ersatz Labs Inc. Vendors are providing machine learning solutions on a subscription based form, making it easier for the customers to take the benefit of this technology. In addition, companies can improve their product quality, reduce time to market, ensure supply chain efficiency, fulfill reliability standards, and as a result, improve their customer base by the application of machine learning.

Based on component, machine learning as a service market is segmented into cloud based APIs, software tools and web based APIs. Based on deployment mode, market is alienated into on premise deployment mode and on-cloud deployment mode. Based on organization size, market is segmented into large enterprises, medium enterprise and small enterprise. Based on application type, the market is identified as predictive maintenance, risk analytics & fraud detection, security & surveillance, network analytics, computer vision, natural language processing, marketing & advertising and augmented & virtual reality. In addition, based on the end-user industry, market is segmented into manufacturing, energy & utilities, aerospace & defense, public sector, IT & telecom, Banking Financial Services & Insurance (BFSI), retail, healthcare and others.

The machine learning as a service market is primarily driven by rise in consumer behavior analysis, followed by the integration of machine learning with increase in usage of big data and the other technologies, increase in adoption of cloud-based services, high volume of structured and unstructured data, increased application of advanced analytics in manufacturing, the rise importance of predictive & preventive maintenance, and increasing adoption of IoT & automation. Apart from benefits, some of the challenges include need for skilled professional, the dearth of skilled data scientists, and privacy & data security concerns. In addition, an increased application areas and increased adoption of analytical solutions.

The Americas holds the prime market share followed by Asia-Pacific region and Europe, due to rise in demand of enterprise mobility & cloud-based solutions and high implementation rate of machine learning in the manufacturing methods. However, deployment of new technologies and shifting focus toward automation, is expected to reduce cost are expected to drive the APAC region at a more rapidly growth rate. Furthermore, the region has witnessed a remarkable increase in the number of start-ups concerned in the business, which is further increasing the market growth. The global MLaaS market is projected to register a CAGR of regarding 43.46% during 2018-2023 (the estimated period), to reach a worth of US $8.3 billion, by 2023. In near future, it is projected that the future of the market is expected to grow significantly due to presence of large companies, and their immediate market penetration.

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Growing Mobile Gaming Market, Followed by Increased Integration of Augmented Reality Based Mobile Devices to Drive the Augmented Reality (AR) Gaming Market Over the Forecast Period: Ken Research



The augmented reality (AR) provides innovative technology which contains digital information by a composite view to user in the real-time. The AR technology permits gamers to scan physical world using an augmented experience via providing digital information. AR gaming refers to the management of visual & audio content of a game with the customer’s environment. Its main aim is to connect the virtual world with the real world & utilize the existing surroundings to make a playing field with it. The AR operates in devices for instance smart phones, tablets, laptops, and portable gaming systems. It uses the fixed cameras on mobile devices to cover objects & animations into existing worldview. In AR gaming, the occurrence of gaming is characterized into four aspects like emotional, social, mental, and physical. There is an increasing trend of using AR in the entertainment industry which provides a much more interactive way of game play contrasted to traditional game plays. AR Quake is a famous AR games in which the customer has to wear a head-mounted exhibit to play the game. Some other popular AR games are Splitter Critters, Stack AR, Shadows Remain, Pokemon Go, Conduct AR, Arise, Follow Me Dragon, My Tamagotchi Forever and The Machines.

According to study, “Augmented Reality (AR) Gaming Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023” some of the major companies that are currently working in the augmented reality gaming market are Nintendo Co. Ltd., Aurasma, Gamer, Microsoft Corp., Infinity Augmented Reality, Schneider Electric S.E., ABB Group, Qualcomm, Metaio, Vitaphone GmbH, Total Immersion, Wikitude, Assisted Living Technologies, Inc., VividWorks, Legrand SA, Tunstall Healthcare Ltd., Zappar, Catchoom, Apple, CareTech AB, Siemens AG, Honey International Inc., Augmented Pixels, Blippar, Google Inc., Niantic Inc., Sony Corporation. These key players are investing in the integration of AR technology into their products & providing enhanced gaming features to the consumers.

Based on game types, the augmented reality gaming market is segmented into fighting games, puzzle games, racing games, mystery thriller games, science fiction games, adventure games and shooting games. Based on components, the market is segmented into hardware components and software components. Based on devices, the market is segmented into HMDs, mobiles and smart glasses. Based on technology, the market is segmented as mobile tracking, RFID, GPS and others.

Most of the organizations are extremely investing in higher solutions which combine AR games into mobile devices, enrich business expansion, enable them to improve client experience, and increase revenue during the calculated period. Additionally, the data security breach is one of the key concerns of the market.

The augmented reality gaming market is primarily driven by growing mobile gaming market, followed by increased integration of AR into mobile devices, growing affordability & availability of games in the mobile devices, growing online population, rising demand for IoT-based applications and technology advancements in video gaming. Apart from the major profits, some of the key restraint impacting the market includes high cost of games and lack of content in AR. In addition, increase in research & development or R&D investments in AR is expected to remain a key opportunity to the market.

The AR gaming market is expected to reach US $284.93 billion, by 2023. Over the forecast period it is estimated that the market to increase internet penetration and online gamers globally providing a significant opportunity for the market development.

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Profitable Landscape of the Us Inhalation Systems Market Outlook: Ken Research


For the patients, the appearance of the inhaled drug therapy has been a significant advantage with the respiratory disorders such as COPD and the asthma due to its painless and flexible administration when equated to the injections. There are several types of the inhalation systems obtainable in the market, and these involve inhalers and nebulizers. The two greatest frequent prevalent respiratory disorders are the asthma and COPD.

According to the report analysis, ‘US Inhalation Systems Market Forecast up to 2024’ states that there are several key players which are presently functioning in this sector more actively for dominating the highest value of market share and leading the fastest market growth in the short span of time while increasing the prevalence of the respiratory diseases, effective advancements in the technology and decreased in the side effects allied with the drug inhalation includes Omron Corp., Boehringer Ingelheim GmbH, PARI GmbH, Philips Healthcare, Teleflex Incorporated, 3M, AptarGroup, Inc., Agilent Technologies, Inc., AstraZeneca PLC, Inspiro Medical Ltd., Teva Pharmaceutical Industries Ltd., Monaghan Medical Corporation, GlaxoSmithKline plc, Becton Dickinson.


According to the WHO, approximately 235 million people are presently suffering from the asthma, and it is very much general in the children. The Chronic respiratory disease such as asthma and COPD are accountable for the considerable financial and health burden in the US, and in 2015, 6.7% death in the US were owing to the chronic respiratory disorders. Moreover, chronic obstructive pulmonary disease is the third important reason of death around the globe, in 2016 accounting for approximately 3 million deaths. State of West Virginia has the uppermost pervasiveness of COPD, and nearby 12% of the populace are detected with COPD.

However, in the present years, there is an augment in the approvals owing to the acceptance of the systems and also the drug companies are introducing the new inhalation systems and cooperating with the other vendors to enhance the innovative devices in the market. For instance, in February 2017, FDA permitted two products advanced by Teva Pharmaceutical Industries Ltd., ArmonAir RespiClick and AirDuo RespiClick, to delight the adolescent and adult patients with asthma.

Additionally, the US Inhalation Systems Market is predicted to witness an effective CAGR of 5.8% during the forecast period of 2018-2024. Whereas, the market of inhalation systems in US is segmented into different sectors which majorly involves products, applications and end-users. Whereas, based on the end user, the market is further divided into hospitals, ambulatory care centers, and home care centers. For instance, the hospitals attained a major market share in 2017, and home care sector is predicted to increase during the forecast period owing to the ease in the utilization of modern products, less homecare cost, and the accessibility of reimbursement.

Although, the US inhalation systems market is fueled by an upsurge in the prevalence of respiratory diseases, augmenting the geriatric population, and favorable reimbursement. Therefore, in the coming years, it is predicted that the market of inhalation systems in US will increase more positively over the recent few years.

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Indonesia Used Car Market Outlook to 2023: Ken Research

The report titled Indonesia Used Car Market Outlook to 2023 - Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales provides a comprehensive analysis of used car/ pre-owned car services in Indonesia. The report focuses on the overall market size, segmentation by market structure (unorganized and organized sector), by unorganized distribution channel of (C2C and local dealership) and organized distribution channel (multi-brand dealership, repossessed cars, OEM Certified outlet), by unorganized and organized lead generation source (dealership walking, online auto portal), by type of used cars (MPV/Sedan, Economy/Hatchback, SUV), sales by major cities (Jakarta, Surabaya, Medan, Bandung and others), by type of used passenger cars (Private/Commercial), by kilometers are driven, by year of manufacture, by fuel type (gasoline, diesel and others). The report also covers the overall competitive landscape; government role and regulations, issues and challenges, trends and developments. The report concludes with market projections for the future, highlighting the major opportunities and cautions.
Indonesia Used Car Market
Indonesia Used Car Market Overview and Size
The used car industry in Indonesia had a lack of transparency and customer assurance which made used car buying risky in the country. Previously, people used to prefer buying used cars in Indonesia on the basis of suggestions given by friends and families which were not up to the mark in terms of quality check. The market was dominated with numerous unorganized used car dealers (consisting of local dealerships, local vendors and others) that provided second-hand cars at cheaper rates and it benefited the price-sensitive customers within Indonesia. The biggest evolution can be seen via the organized structure which constitutes multi-brand organized showrooms and OEM certified dealerships that provide numerous used car brands which are subsidiaries of international automobile brands? Growing smartphone and internet penetration in Indonesia led to the emergence of online auto classified portals such as OLX, Mobil123, Carmudi, Mobil88, Oto.com, BeliMobilGue and others which have created a trading platform where both potential buyers and sellers can visit and indulge in a C2C transaction from the convenience of their home. The market has attained speedy growth over a period of five years from 2013 to 2018. The demand for used cars has seen a constant rise over the past few years.
Indonesia Used Cars Market Segmentation
By Market Structure
In 2018 the sales volume through the unorganized sector is generated through individual sellers (C2C) and local dealerships who collectively contributed to a majority of the proportion in the overall used cars market.
By Distribution Channel
Unorganized- Due to higher discounts are given by the unorganized market, the majority of transactions conducted in the market are through C2C or local dealership channel. The local dealership channel controlled a major proportion of the total sales volume in the unorganized used car market during 2018. C2C trade-in had the remaining where potential buyers and sellers negotiate themselves without any involvement of a third party.
Organized- Within the organized space, multi-brand showrooms and OEM certified outlets took had a massive market share in terms of sales volume whereas, the remaining volume share was captured by the bank repossessed cars segment during the year 2018.
By Type of Used Car
MPVs and sedan have dominated the sale of used cars in Indonesia during 2018 due to an increase in demand for bigger cars because of growing family sizes in Indonesia. Economy and hatchback had the second highest market share followed by SUV.
By Major Cities
Jakarta dominated the sales of used cars in Indonesia because of the large population base and high disposable income. Surabaya had the second highest sales followed by Medan, Bandung and other small cities.
By Kilometers drove
Pre-owned cars are driven for a range of 50000-80000 km collectively dominated the Indonesian Used car market. Cars who have clocked around 50,000-80,000 km are highly affected in terms of checking mechanical conditions (car battery and others) of the vehicle, physical conditions (tires, paint, scratches as well as dents and others) causing wear and tear thus, reducing the total price of the vehicle.
Competitive Landscape in Indonesia Used Cars Market
Competition within Indonesia used cars market was observed to be highly fragmented with the presence of a large number of local dealerships, small mechanics and individual sellers, which collectively makes up the unorganized space. Majority of the used cars market in terms of sales volume was observed to be highly unorganized. On the other hand, the market constitutes of the organized players like Mobil88, Tunas, Andre Motors Auto2000, Sun star motors. There are OEM certified players too such as Toyota Trust, Autosafe, Mercedes Certified, BMW premium selection. The online lead generation happened through major online auto portals such as OLX, Carmudi, Mobil123, and others. Certification and authentication, brand, price, mileage and performance, engine quality/power and a total number of dealers are some of the critical parameters on the basis of which companies compete in the organized segment.
Indonesia Used Cars Market Future Outlook and Projections
It is anticipated that the used cars a market in Indonesia will continue to grow in the coming years as used vehicles are much cheaper to purchase than a new one. The used car industry in Indonesia is likely to witness vibrant growth in terms of sales volume in 2023E years owing to the introduction of new car variants along with the rising aspirations of low and middle-income consumers in the country. Stabilization of macro-economic variables and an overall improvement in the standard of living in low-income regions including Lampung, Denpasar, and Palembang is projected to boost sales in the used car market. The market is expected to be driven by higher sales of luxury cars and MPV’s due to the increasing brand consciousness coupled with the growth in a number of families.
Key Segments Covered:-
Market Structure
Unorganized Sector
Organized Sector
Distribution Channel
Unorganized (Local dealership, C2C)
Organized (Multi-brand dealership and OEM certified, Repossessed cars)
Unorganized and Organized lead generation source
Dealership Walk-ins
Online Auto Portal
Type of used cars
MPVs/Sedan
Economy/Hatchback
SUV
Sales by major cities
Jakarta
Surabaya
Medan
Bandung
Others
Type of Used passenger cars
Private
Commercial
Kilometers driven
>5000
5000-20000
20000-50000
50000-80000
80000-120000
120000 and above
Year of manufacture
Before 2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018
Fuel Type
Gasoline
Diesel
Others (Hybrid, electrical, CNG)
Key Target Audience
Automobile Companies
OEM certified companies
Online Classifieds
Multi Brand Organized Car Dealers
Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2019-2023
Companies Covered:-
Multi-brand Dealerships (Mobil88, Andre Motors, Auto2000, Tunas, Sun Star motors and others)
OEM Certified Dealerships (Toyota Trust, Hyundai Autosafe, Mercedes certified, and BMW premium select)
Online auto portals (OLX, Mobil123, Carmudi, Mobil88, OTO others)
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Indonesia Used Cars Market Overview and Genesis
Business Models Prevalent in Indonesia Used Cars Market
Indonesia Used Car Market Size, 2013-2018
Ownership Transfer Registration for Cars in Indonesia
Indonesia Used Car Market Segmentation
Customer Profile in Indonesia Used Car Industry
Decision Making Process for Buying and Selling Used Cars in Indonesia
Government Regulation in Indonesia Used Car Market
Trends and Developments in Indonesia Used Car Market
Issues and Challenges in Indonesia Used Car Market
Comparative Landscape in Indonesia Used Cars Market
Indonesia Used Car Market Future Outlook and Projections, 2019-2023
Analyst Recommendations for Indonesia Used Cars Market
Macroeconomic Factors Affecting Indonesia Used Cars Market, 2013-2023
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