Thursday, January 3, 2019

India Coupling Agents & Compatibilizers Market Outlook to 2023: Ken Research


The report titled India Coupling Agents & Compatibilizers Market Outlook to 2023 - By Application (Packaging & Plastics Industry, Automotives Industry, Adhesives & Sealants and Paints & Coatings, Rubber Industry, Energy Sector and Others) and by Coupling Agents (Maleic Anhydride Grafted Polymers, Silane Coupling Agents and Others)covers the market size in terms of revenue generated in the overall coupling agent & compatibilizers space with prime focus on end user application, value chain analysis and competition landscape. It includes emerging trends and developments, major issues and challenges, customer pain points & decision making parameters, market segmentations by application in end user industry (Packaging & Plastics Industry, Automotives Industry, Adhesives & Sealants and Paints & Coatings, Rubber Industry, Energy Sector and Others) and by type of coupling agents (Maleic Anhydride Grafted Polymers, Silane Coupling Agents and Others). A descriptive competitive landscape has been presented which analyzed leading manufacturers and traders, region wise. End user industry specific details of major 10 players in the space including K.K Chempro (India) Pvt Ltd, Vincoplas Pvt Ltd., Pluss Advanced Technologies Pvt. Ltd., KPL International Limited, SR Marketing LLP, Supreme Silicones, DowDuPont, ARKEMA, Polyram Plastic Industries LTD and 3M have been covered in the report.. The report also covers government rules and regulation, future outlook along with SWOT analysis and analyst recommendation. Snapshots on India’s Tie Layer Market including market CAGR for review and future period along with market segmentation and competition analysis has been presented in the report.
Market Size: India Coupling agents & Compatibilizers market is currently placed in growth stage supported by the growing end user application & demand. The market has witnessed a strong CAGR of close to 10% during the review period, 2013-2018. This growth has been accredited to factors such as expansion of product sales of various Chinese players in the Indian market, establishment of new manufacturing/trading units of domestic players, technological developments in production techniques and increase of applications in various end-user industries such as automotive, rubber, plastics, energy and others.
Market Segmentation
By Application (End Users): Plastics and Packaging Industry has been the largest revenue generating segment in market with a highest share in 2018. The second largest share has been acquired by automotive sector with multiple uses in manufacturing (and production) including structuring of window panels, battery containers, engine covers, tires, paintworks, bumpers dash board and others. The product is used as fillers and additives in various types of paints, adhesives and sealants to enhance the chemical and physical properties of the product. Rubber industry accounted for a smaller share. The lowest share is acquired by the energy sector which involves usage of coupling agents in solar panels and wind energy turbines. Other industries include fiber treatment, textiles, construction, dental and others which collectively accounted for a share of 5% by year end 2018.
By Type: Maleic Anhydride grafted polymers acquired the largest share in terms of sales revenue generated in 2018. Silane coupling agent is the second most popular type in the market with usage in window panels, fillers in pints, shoe soles and others. Other coupling agents such as Aluminate, Zincronate are not very popular in India which acquired the lowest share, however in future the usage is expected to increase.
Competition Stage and Company Positioning: Indian market consists of around 100 players with 30 being major ones by the end of 2018. This market has largely been fragmented with the presence of large number of small to medium scale Indian players & large scale international players. Major players include Polyram, DowDuPont, Arkema, 3M, Momentive, KPL International Limited (KPL), K. K. Chempro India Private Limited, Pluss Advanced Technology Pvt Ltd, Peekay Dealer Pvt. Ltd, Vincoplas Pvt Ltd and others.
Competing Parameters: The major parameters on the basis of which the players in the market compete with each other have been product quality, pricing, diversification of product portfolio, technology used for production, technological advancement in equipments used for production, type and number of equipments facilitated, variety of packaging options provided, variety of sizing options, availability of product customization, network of distribution followed, mode of distribution, innovation in products and others.
Future Projections: The India Coupling Agents and Compatibilizers market revenue has been anticipated to grow registering a robust CAGR of more than 13% during 2018-2023. The growth will be supported by more emphasis on environmental regulations, shift of manufacturing and trading hubs towards APAC region, innovation and development of new products, entry of new domestic and international players in the Indian market, growth in key target industries, technological developments in production techniques and machinery used increased application in new industries and others.
Key Segments Covered:-
Market Segmentation by End User Industries
Packaging & Plastics Industry
Automotives Industry
Adhesives & Sealants and Paints & Coatings
Rubber Industry
Energy Sector
Others (Fiber Treatment, Dental, Construction, Textile & Others)
Market Segmentation By Type
Maleic Anhydride Grafted Polymers
Silane Coupling Agent
Others (Titanates, Zirconate, Aluminates & Others)
Key Target Audience:-
Global coupling agents manufacturing companies
Indian coupling agents manufacturing companies
Coupling agent and compatibilizers trading companies
Major distributers of Coupling agent and compatibilizers
Governmental and research organizations
Time Period Captured in the Report:
2013-2018 – Historical Period
2019-2023 – Future Forecast
Companies Covered:-
Indian Players: KPL International Limited (KPL), K. K. Chempro India Private Limited, Plus advanced technology Pvt LTD, Peekay Dealer Pvt. Ltd., Supreme Silicons , SR Marketing LLP, AKD Polymers Pvt ltd PVC Compatibilizers, Vincoplas Pvt ltd (Inventive Polymers), Ultrananotech Pvt LTD, Supple Rubber Chemicals Pvt Ltd, Lab Line Enterprises, Krishna Enterprises, Rotoman Engineers India Pvt LTD, PK Enterprise, Aquent Impex India Pvt LTD, Sarvan Carbochem LLP, 4P Global Pvt LTD, Rishiroop Polymers Pvt LTD., KCC Corporation, Monachem Additives Pvt LTD, TriStar Global Pvt ltd, Super Urecoat Industries, Newgen Speciality Plastics Limited.
International Players: Arkema, Polyram, DowDuPont, Power Chemical Corporation(PCC), Hexpol Compounding, Evonik, Shin-Etsu Silicones, Struktol, 3M, Rayton Chemicals, Gelest, Evonik, GBXF, Gaizhou Hengda Chemicals Co., Ltd, Guotai-Huarong, HERRMAN, HUBEI Blueshy New, Hangzhou Dadi Chemical Co., Ltd., Huachangchem, Hungpai Chemistry Co., Ltd, JNC (Chisso).
Importers Of Coupling Agents: Henkel Teroson India Ltd, Crescent Polymers Pvt Ltd, Aj Enterprises, Empire Industries Ltd., Delta Enterprises
Exporters Of Coupling Agents: Kamlesh Enterprises, AB Enterprises, Organo Chem,  Newgen Specialty Plastics Ltd., Jeevilka Sparck Chem Pvt Ltd, Shree Mahalaxmi Chemicals, Allen Petro Chemicals Pvt Ltd, Supreme Silicones, Vinay Trading Company, KCC Corporation, Synergy Poly Additives, Wang Chemical Pvt Ltd, Aquent Impex India Pvt Ltd, Silink Chemicals Pvt Ltd, Labdhi Chemicals, Indian Toners Developers Ltd
Importers Of Compatibilizers: Mukul Co, Johnson Johnson Limited, Master Auto Spares, Dalmia polymers llp
Raw Material Suppliers: Meru Chempro Pvt Ltd, Machino polymers pvt ltd, Abrelin Polymers, Shri Shakti Enterprises, Kanoria Chembond Pvt Ltd, Maitreya Chemicals, Swagath Urethane Pvt Ltd, Arkema, Anatres Chem Pvt Ltd, Riveni Chemicals
Key Topics Covered in the Report:-
India Coupling Agents and Compatibilizers Market Introduction and Evolution
Value Chain Analysis
India Coupling Agents and Compatibilizers Market Size And Segmentation
Comparison with Global Coupling Agents Market
Emerging Trends and Growth Drivers in India Coupling Agents and Compatibilizers Market
Issues and Challenges in India Coupling Agents and Compatibilizers
Government Regulations and Certifications Required
Customer Pain Points and Decision Making Parameters
Snapshot On Tie Layer Market in India
SWOT Analysis of India Coupling Agents and Compatibilizers
Competitive Landscape of major Players in India Coupling Agents and Compatibilizers
Company Profiling of top 10 Players
Strength & Weaknesses of Major Players
Market Share Analysis
India Coupling Agents and Compatibilizers Market Future Outlook and Projections, 2018E-2022E
Analyst Recommendations
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Executive education Market Research Reports : Ken Research


According to Executive Education Market Research Reports, it is stated that there are several key players which are recently functioning in this market more actively for dominating the huge market share across the globe by adopting the effective market strategies and policies for improving the techniques of providing executive education includes Management Development Institute, Indian institute of Management, Indian School of business, National Institute of Financial Management, Harvard Business School, National HRD Network, Jaro Education, Onyx Education, Modi Academic International Institution, Columbia Business School, Kellogg School of Management, University of Chicago Booth School of Business, Stephen M. Ross School of Business and Baruch College and several others. Moreover, the key players of this market are working effectively for removing the restraints from the market which become beneficial for leading the highest market growth across the globe. Not only has this, the key players of this market are investigating and studying the policies and strategies of competitors and government for ruling smoothly across the globe and attaining the highest amount of share globally.
The Online Executive Education Market Research Reports is that term which refers to an academic programs at graduate-level business schools around the globe for the functional managers, business leaders and executives. Whereas, the executive education programs of short time incline to aim on specific role or markets, or on improving specific leadership skills which involves communications, persuasion, negotiation, and teambuilding. The market players of this are doing an effective developments in the technology for leading the fastest market growth in the short span of time. With the attractive developments in the technology and extensive application of ICT in the education sector, the online executive education sector in India has experienced an effective growth during the forecasted period. Whereas, many other nations are also doing an effective job for attaining the highest market share across the globe. Therefore, the market of executive education will increase more effectively across the globe during the forecasted period.
Additionally, the need for executive education has chucked with the integration and economic development with the regions around the globe. The executive education market is a brand modified market and for this reason clients have anticipated the branded documentations which would help them in the development and effective transformation in their career. Meanwhile, on the basis of type of courses, the global market of executive education is segmented into finance and strategy, women and leadership, marketing and several others. In addition, the sector of finance and strategy programs involve analyzing, driving corporate performance and several others whereas, the program of women and leadership includes strategy, communication, negotiation, leadership and several others.
Furthermore, geographically, with the significant functioning of the key players and effective applications of the executive education, the market of executive education is spread across the globe. However, the developed regions are effectively dominating the highest market share across the globe while, the underdeveloped regions are making changes in the techniques of providing services. Therefore, in the near future, it is expected that the market of executive education will grow more significantly across the globe over the recent few years.
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Increase in Demand of Technology to Drive the 3D Printing for Healthcare Industry in the Asia Pacific Region: Ken Research

3D printing is defined as a computerized or automated process for manufacturing medical devices, prototypes and implants. It exploits a layer-by-layer accumulation technique to produce substantial objects from a three-dimensional digital file, also known as additive manufacturing. It helps surgeons to improve the success rate of dense procedures. Additionally, this technology has transformed preclinical drug testing by facilitating testing on 3D printed organs.
Some components of the 3D printer are a nozzle, power supply, threaded rods or lead screws, enclosure, idler gear, bed leveling, user interface, thermistor, filament, frame, motherboard, hobbed gear, stepper drivers, extruder, layer cooling fan, and stepper motors etc.
According to study, “Asia-Pacific 3D Printing in Healthcare Market (2018-2023)” some of the major companies that are currently working in the Asia-Pacific 3D printing in healthcare market are Stratasys Ltd., Renishaw, KCbots, Imaginarium, JGroup Robotics, Brahma 3, Altem Technologies, Organovo, Formlabs, Cellink.
On the basis of type, the 3D printing in the healthcare market is segmented into implants, hearing aid, prosthetics and surgical guides. On the basis of material, the market is segmented into metal & alloys, polymers, biological cells and ceramic etc. Metal & alloys are further sub-segmented into titanium, silver, steel, and gold. A polymer is sub-segmented into epoxy resins, nylon and glass filled polyamide. On the basis of technology, the market is segmented into electron beam melting (EBM), stereolithography, deposition modeling, laser beam melting (LBM), droplet deposition, jetting technology, photopolymerization and laminated object manufacturing etc. In addition, on the basis of application, the market is segmented into prosthetics, tissue engineering, medical implants, and wearable devices and many others.
The Asia-Pacific 3D printing healthcare market is driven by factors such as increasing technological advancements, increasing disposable income, increasing dental laboratories& hearing aid manufacturers, increasing scope of bioengineering products, rising demand for patient-centric products in orthopedics &maxillofacial surgery, the reduction in the costs of 3D models and the availability of a range of material options such as nylon, polymers, etc.
Some of the major advantages include complex shape, rapid prototyping, and easy to use, clean process and reduce design complexity. Some disadvantages are a slow process, being expensive. Additionally, some of the major challenges include the high cost of 3D printed organs & tissue, lack of regulatory issues and trained professionals.
The National Additive Manufacturing Innovation Cluster (NAMIC) is a pan-national initiative of Singapore. The main aim of this initiative is to increase the adoption of additive manufacturing technologies to improve competitiveness in the fast developing landscape of digital industrialization. The China Food and Drug Administration (CFDA) is a government regulatory authority in China, which provides specific requirements for validation of additive manufacturing products of 3D printing medical devices.
South Korea, Singapore, Japan, and China are some countries of this region, which are accountable for driving the 3D printing in the healthcare industry due to an increasing focus on bio-printing. Additionally, Japan and India, along with China, have privileged potential because of importance on 3D printing of orthopedic tackle, which provides to the augmented demand from the aged population.
It is estimated that Asia-Pacific 3D printing in the healthcare market will reach at US$ 0.59 billion by 2023.
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Enhanced Landscape Of Technologies In The Asia Pacific Car Rental Market Outlook : Ken Research


According to the report analysis, ‘Car Rental market Research Reportsstates that in the recent trend the car rental industry is undergoing with the significant changes from the numerous factors such as developed consumer experience and new developed technologies. Additionally, the concern is increasing related to the global warming which is having major impact on the car rental industry. The technologies in the Asia Pacific car rental market is playing significant role and this technological development transform the industry of car rental. The various car rental companies are serving mobile and tablet technology that turned up the market at a digital stage and eliminate administrative bottleneck at rental space. Moreover, the development and current scenario in the technology reflect the significant growth in the near future of the Asia Pacific car rental market. Furthermore, the key leading players of the car rental market are doing effective job for enhancing the applications of technologies such as IoT, GPS technology, and others.
Undoubtedly, the car rental industry is a multibillion dollar market around the world as this market have signify that they are now not only utilizing to serve access to supervision but rather have to hub on potential solutions. Additionally, more efficient technologies in the Asia Pacific car rental market has been pledging to build rental choices that will appeal to a customer with an environmental conscience. Many key players who are initiatively transforming the way of utilizing the Asia Pacific car rental industry to meet the needs of the ever-growing environmentally friendly industry. According to report analysis, ‘CAR Hire Market Analysis’ states that the Asia Pacific is dominating the industry of car rental market as the ASIAN key players are doing significant job with the IoT, GPS technology and several others such as AVIS, HERTZ and others. Meanwhile, the working of key players will lead to market growth more effectively. The introduction of IoT in this market eliminate the traditional manner of booking car and reduce the time as in the earlier times while doing booking consumer have to wait in line for hours. Moreover, the significant increase in the urbanization and digitalization the usage of advanced technology is growing in the Asia pacific car rental market whereas the digitalization fueling the car rental industry more significantly in an effective manner in this region.
Asia Pacific region is having the significant share in the technologies of the car rental industry with the growing urbanization and digitalization and in the forecasted period it is predict that with the more transformation in the technology will operating high revenue. The AVIS service is more accessible in a various Asia Pacific countries, including China, Japan and India. Moreover, the IKEA and Costo are another major leading players in the Asia pacific car rental industry and make the market more competitive and attractive, which can attract numerous investors in the car rental market across the globe. Therefore, in the coming years it is expected that with the more development in the technologies of Asia Pacific car rental, market will grow more significantly over the decades.
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Growing Landscape Of The Self-Driving Car In Europe Market Outlook: Ken Research


According to the report analysis, ‘Europe Self-driving Car Market (2018-2024)’ it is stated that some of the major key players for dominating the huge market share are working more significantly in Europe by doing developments and innovations for gaining profit more extensively includes Apple, Microsoft, IBM, Volvo, Nissan, Bosch and several others. With the effective working of the key players the international key players are willing to come for gaining higher return on their investment which makes the market more competitive and fruitful for both the key player and user. It is expected that the 90% crashes would reduce with the introduction of self-driving cars. The market of self-driving car in Europe is expected to grow at a CAGR of 49.9%, foremost to global revenue of USD 38.51 Billion by 2024.
A self-driving car is also known as an autonomous car, a robotic car or a car in which requirement of a driver not compulsory. Whereas, the self-driving car is a combination of radar sensor, cameras, artificial intelligence and GPS system for travelling between destinations without the requirement of any human drivers. Moreover, the self-driving car market in Europe is further divided based on applications, automation and technology components. The sector of applications is also split into personal use and commercial use. However, major portion of the self-driving cars on the road are owned for personal usage. 'Robo taxi' i.e. the self-driving taxi is predictable to take over the transportation system. It would help to decrease buying cost and preservation cost. It is supposed to improve the share riding conception. Furthermore, the key players of this market are playing an important role for dominating the huge market share in Europe by doing significant developments in the specifications of the technology which become profitable for leading the fastest market growth in the near future.
Based on the regions, the market of self-driving car is divided into EU5 and rest of EU5. The EU5 would shelter with the uppermost market share because countries such as U.K. and France are succeeding with self-driving cars. Moreover, on the basis of automation, the self-driving automation levels are characterized into semi-autonomous and full autonomous technology. However, semi-autonomous cars are governing the automation sector. Fully autonomous operated vehicles are still a long way to be established on the roads. European automakers are employed on the introducing of semi-automation cars. Companies like Google, Audi and BMW are pursuing its autonomous analysis to handle security challenges.
Feature that may confine the acceptance of self-driving cars is lack of skill; limit the data protection regulation set by the European Union. For instance, by 2035, it is anticipated that there would be 25% of self-driving car dissemination in this region. The countries would not observe a fully automated vehicle but would operate lots of manual cars with computerized features. Therefore, in the near future, it is expected that the market of self-driving car in Europe will grow more significantly with an effective development and investment by the focused key players.
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Wednesday, January 2, 2019

Growing Landscape of the Asia Pacific Advanced Driver Assistance System Market Outlook: Ken Research

Advanced driver assistance systems are that systems which support, complement, or substitute the driver of a vehicle. Such systems support the drivers to avoid collisions and crashes. Moreover, it is a combination of systems that are used in vehicles to serve an intelligent and contented operating experience. They use cameras and radar to support the drivers by serving real-time knowledge about the environments. Furthermore, the ADAS is permitting the way towards autonomous vehicles. In the Asia-Pacific region the market of ADAs is projected to observe a substantial and speedy growth over the next decade because of the numerous improvements in its main economies, especially the market in China. The market of ADAS in Asia Pacific region is divided into three primary sector based on sensor, vehicle and components. Not only has this, on the basis of sensors, the market is split into radar, image and other sensors such as infrared, laser sensors and ultrasonic while, based on the vehicle it is divided into passenger and commercial vehicles. With the attractive applications and classifications, the market of advanced driver assistance systems will rise more actively during the reviewed period in the Asia Pacific region.

According to the report analysis, ‘Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market (2018-2023)’ states that some of the major key players which are presently functioning in this market with the support of new and innovated equipment for attaining the huge market share in Asia Pacific region includes Continental AG, Autoliv Inc., Delphi Technologies, Bosch, BMW AG, Aisin Seiko Co., Denso Corporation, Magna International, Ford Motor Company and several others. Moreover, combination of systems are the profound of next-generation automotive electronic protection systems and autonomous cars. A vehicle's ADAS can perceive objects, alert the driver of dangerous circumstances or impending danger. The Asia-Pacific ADAS market is anticipated to reach USD 9.69 Billion by 2023 with a CAGR of 28.6% during the period of 2018-2023. Furthermore, on the basis of components, the market of ADAS is divided into blind spot detection (BSD), adaptive cruise control (ACC), autonomous emergency braking (AEB), tire pressure monitoring (TPM), lane departure warning (LDW) and several others such as forward collision warning, head-up display, driver monitoring systems and few more.

In China, not every ADAS technology will observe a significant growth in the near future. Some systems such as night vision, driver monitoring, multi-view systems, intelligent speed adaptation and night vision are predicted to display nonaggressive growth in the near future. Whereas, the implementation of ADAS applications such as ACC, BSD, LDW and night vision are prominent to decrease in the number of crashes. The increasing requirement for a safe dynamic environment has led to the ultimatum for comfort driving among people. Increasing per capita income and government protection guidelines are also underwriting to the growth of the safety systems in the automotive industry. Therefore, in the near future, it is expected that the market of advanced driver assistance system will rise more actively over the recent few years with the significant investment by the new investors for more developments in the technology.

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Rising Digital Economy with Need of Fast Data Transmission to Drive the 5G Market in India: Ken Research


5G or fifth generation is an imminent standard for mobile telecommunications service to facilitate guarantees to be much faster than today's 4G technology. It is an inclusive wireless communication. It supports effective private network. It can facilitate real-time database access, remote medical assistance, video imagery surveillance and remote monitoring for safer living. It is classified as Subscriber Identity Module (SIM) machine-to- machine (M2M) cellular connections and SIM cellular connections. Both are further segmented into 5G data traffic and data per user. Some of the essential features associated with 5G technology are reduced latency, high data rate, energy saving, higher system capacity, less traffic, cost reduction and massive device connectivity.

According to study, “India 5G Market (2018-2025)” some of the major companies that are currently working in the India 5G market are Airtel, BSNL, Reliance, Vodafone, Idea. These vendors are focusing on growing 5G with extremely developed features and functions, which provide an enhanced digital experience.

On the basis of type, the 5G market is segmented into Network functions virtualization (NFV), Software Defined Networking (SDN) and Multi-access Edge Computing (MEC). On the basis of usability, the market is segmented into mission critical services, enhanced mobile broadband massive machine type communication (MTC) and ultra reliable MTC. On the basis of networking infrastructure, the market is segmented into small cells, macro cells and others.

On the basis of technology, the market is segmented into global system for mobile (GSM), Wi-Fi, worldwide interoperability for microwave access (WiMAX) and high speed package access (HSPA). In addition, on the basis of application, the market is segmented into smart cities, smart farming, smart home, retail, public safety & surveillance, consumer electronics, energy & utilities, industrial IOT and autonomous driving etc.

It is now realized that the 5G technologies will be helpful in creating employment, increasing gross domestic product (GDP) and digitizing the economy. Some of the benefits associated with 5G use are effective & attractive, high capacity, high connectivity speed (25 Mbps), faster data transmission, large broadcasting of data, interactive multimedia (voice, internet and streaming video) and large phone memory etc.

The market of India 5G is primarily driven by increasing adoption of 5G, continuous evolution towards enhanced bandwidth, low cost, enhanced security, increasing demand for M2M communication, continuous investment on fiber communications & 4G network up gradation, lower latency and openness of mobile networks. However there are some challenges which are widely used cover, high bit rates and regulatory pressure.

In India, 5G technology provides a vision for business to extend to global markets. SIM cellular connections segment is the major segment of market share while it is predicted that SIM M2M cellular connections will be grown at an escalating rate. Moreover, the government has set up a bureau, which will be making the roadmap of the accomplishment of “5G in India”, by 2020.  The main aim of this bureau is to growth of 5G mobile phones & other internet connected smart devices and to achieve the high speed of internet in country.

It is expected that the revenue value of Indian 5G market will be around USD 20 billion, by 2025. It is also estimated that this technology will convey about socio-economic changes through sustainability, productivity and well-being. In upcoming years, it is estimated that, this market will be registered a triple-digit growth due to high HD premium videos by 5G networks.

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The Requirement of Advanced Diagnostic Technology to Drive Advanced Visualization Market in European Region: Ken Research

Europe Advanced Visualization Market
Advanced visualization (AV) is the latest innovative data visualization that helps hospitals or ends users to analyze data in depth. It helps the doctors with a superior understanding of medical issues. It provides improved image quality and high-quality healthcare facilities. AV systems provide multi-process function in which a doctor read, share, store, interpret and transfer the diagnostic pictures besides considering the concurrent images in a computer frame occurring in the body.
According to study, “Europe Advanced Visualization (AV) Market (2018-2023)” some of the major companies that are currently working in the Europe Advanced Visualization (AV) market are Fujifilm Holdings Corporation, Qi Imaging LLC, Toshiba Corporation, Siemens AG, Pro Medicus, Agfa-Gevaert Group, Canon Inc., Terarecon Inc., Ziosoft, Koninklijke Philips N.V, Conmed, General Electric Company. These key players are gradually more focusing on offering high-quality products and exhibit long-term reliability. All these vendors are competing against each other that are based on factors like price, features and product quality.
In the AV process, many products, for instance, post scale product, implementation service product, software products, hardware products, and maintenance services products are used. Based on the imaging modality, AV market is defined by ultrasound imaging modality, nuclear medicines, magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET) and x-ray. Based on the end-user, the market is classified into surgical centers & hospitals, imaging centers, and research & academic centers. Additionally, based on the application, the market is defined by vascular, orthopedics, oncology, neurology, cardiology, radiology or interventional radiology, and other clinical applications
The AV demand is generally driven by increasing chronic diseases like cancer, strokes, heart attacks and diabetes. Some of the other factors driven are increasing technological advancements in the field of software and hardware, integration of picture archiving and communication system, need for targeted therapies, shift from thick client to thin client & cloud computing or multi-modality functions, dedicated workstations, rising demand for early diagnosis & better treatment plans and increasing disposable income. In addition, some of the major restraints factors are hacking related concerns, shortage of skilled professionals and high financial costs.
Nowadays, Europe’s political environment has created a challenge due to the breakout of political disorder such as the Euro zone crisis, Brexit, anti-immigration, anti-trade, and others. This might impede the development of the AV industry. Additionally, data capturing is another main challenge of the industry, which includes reading and storing unstructured data for instance doctors notes and comprehensively analysis of data via artificial intelligence (AI).
In 2018, Siemens Healthineers launched new ultrasound organization, which is called the Acuson Sequoia provide elevated resolution imaging of different sized patients with clarity and consistency. In addition, the General Data Protection Regulation (GDPR) developed in the same year, which enforces various restrictions on individual data transfer and storage by the new Safe Harbor agreement that may restrict the growth of the industry.
Germany is the major market of AV in Europe, followed by U.K and France. The Europe AV market is anticipated to reach USD billion by 2023 with a compound annual growth rate 9.5% of during 2018-2023. It is estimated that this market will be grown increasingly due to the requirement for advanced diagnostic technology and various factors like raising awareness about medicinal imaging tools & favorable reimbursement policies.
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