Thursday, October 17, 2019

Rise in Demand for Off-Lease Vehicle Expected to Drive India Pre Owned Premium Car Market over the Forecast Period: Ken Research


A pre-owned vehicle is a vehicle which has one or more retail owners. It is also known as used car or secondhand cars. It is sold through various outlets such as rental car companies, franchise & independent car dealers, leasing offices, buy here pay here dealerships, auctions, and private party sales. Some car retailers provides "certified" used cars, "no-haggle prices," and extended service plans or warranties.

The key benefits are lower customization costs, no exaggerated fees, and lower insurance premiums.
According to study, “India Pre Owned Premium Car Market Outlook to 2023 – Growth Propelled by Traction from Digital Platforms, Surge in Certified Dealership, Decline in Average Car Price and Faster Launch of New Models” some of the major companies that are currently working in the India pre owned premium car market are Cars 24, JLR, Cartrade, BBT, OLX, Maruti True Value, Mahindra First Choice Wheels, Hyundai H Promise, Honda Auto Terrace, Toyota U Trust, Ford Assured, BMW Premium Selection, Big Boy Toyz,, Mercedes-Benz Certified, OLX, Car Trade, Audi Approved Plus. The key car manufacturers are focusing on catering to the growing demands of specific demographic segments for instance the millennials.

Based on vehicle type, pre-owned premium car market is segmented into sedan, hatchbacks and SUV. Based on structure type, market is segmented into organized and unorganized. Based on vehicle age, market is segmented into 0-5, 6-10, 11-15, 15-20, and > 20 years. Based on fuel type, market is segmented into diesel and petrol. Based on size of car, market is segmented into compact size cars, mid-size cars and small size cars. Mid-size cars holds major share in market due to increase in adoption & preference of consumers to buy mid-size cars across both emerging and advanced economies. Based on propulsion, market is segmented into and electric vehicle (EV) and internal combustion engine (ICE). The electric vehicle segment is further sub-segmented into plug-in EV, battery EV and hybrid EV. In addition, based on sales channel, market is segmented into franchised, rental car companies, independent car dealers, and others.

The pre-owned premium car market is driven by increase in sales of used cars in metro cities, followed by growth in demand for luxury cars, increase in young population, shorter car ownership periods, rise in availability of credit payment options, presence of several established & regionally popular vendors, rise in digital literacy among car enthusiasts, increase in preference of two-wheeler owners to upgrade to small & compact cars, growth in import & export, rise in internet penetration in non-metro, growth in economy, increase in disposable income of the consumers and rise in online sales platforms, for instance Cars24, CarDekho and Droom. However, lack of financing & expensive financing options and standardized dealership experience may impact the market. Moreover, rise in organized & semi-organized sector is a key opportunity for market.

The India pre-owned premium car market is expected to witness higher growth rate owing to stringent vehicular emissions regulations, rise in demand for off-lease vehicle by franchise, leasing offices & car dealers and growth in demand for car subscription services over the forecast period. In near future, it is anticipated that market will be reached at fast pace due to increase in production & sales of SUV during the forecast period.

Key Segments Covered:-
India Premium Used Car Market Segmentation by Market Structure (Organized/Unorganized & C2C),
India Premium Used Car Market Segmentation by Car Made/Brand (BMW, Mercedes Benz, Audi, JLR and Other)
Premium Pre-Owned Car Dealers (MB Certified, Audi Approved plus, BMW Premium Selection and Jaguar Approved) in India
India Premium Used Car Market Segmentation by Sourcing Channel (Buy Sell, park Sell and Trade Ins)

Key Target Audience:-
Online Auto Listing Websites
Premium Car Companies
NBFCs, Insurance Companies and Banks
Used Car Dealers
New Market Entrants

Time Period Captured in the Report:-
Historical Period: 2013- 2018
Forecast Period: 2019 – 2023

Companies:-
BMW
Mercedes Benz
Audi
JLR
BBT
Cars 24
Cartrade

Key Topics Covered:-
India Pre Owned Used Car Market
Used Car Demand In India
Premium Brands Used Car Market India
India Used Car Market Sale By Dealership
BMW Car Market Sales By Dealership India
Number Of Premium Car Dealers In India
Second Hand Premium Cars Industry India
Luxury Ride Preowned Premium Cars India
Used Luxury Cars For Sale In Mumbai
Number of Branches of Cars 24 India
New And Used Car Market Ratio India
BBT Sales Luxury Cars Market India

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Rise in Construction Business Expected to Drive World Polyethylene Foam (PE) Foam Market over the Forecast Period: Ken Research

According to study, “World Polyethylene foam(PE) Foam Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc” the key companies operating in the world polyethylene foam (PE) foam market are Rogers Corporation, Orlando Products, Armacell International, All Foam Products Co., Inc., Northern Products Company, Quality Foam Packaging, Inc., Williams Foam, MBK Tape Solutions, Sing Home, Wisconsin Foam Products, QIHONG, Sansheng Industry, MOYUAN, JINGKE SHIYE,RUNSHENG, CYG TEFA, ZhjiangJiaolian, ZhangqiuJicheng, HengshiJucheng Rubber, Hubei Yuanxiang, Great Wall Rubber, Zhejiang Wanli, Runyang Technology, Zhejiang Runyang, Fullchance Rubber Sheet, HengshuiYongsheng, Sanhe Plastic Rubber, HuzhouHuaming, Hengshui Rubber Company Limited. Key vendors are investing considerably in research & development (R&D) to develop bio-based, advanced, and recyclable PE foams which aim to increase the awareness about recycling process and manufacturing of efficient eco-friendly PE foams. Furthermore, vendors are also working on increasing the shock absorbency & elasticity of PE foams to provide excellent safety to the packed products for packaging & shipping.
Polyethylene foam (PE) is a resilient, strong, closed-cell type of foam. Its structure is made of lots of tiny bubbles, sealed off from each other. It is used for packaging fragile goods owing to its excellent vibration dampening and insulation properties. It offers high resistance to chemicals & moisture. Some essential characteristics are closed-cell, easy to fabricate, lightweight, superb strength & tear resistance, non-abrasive, flexibility, non-dusting, impervious to mildew, mold, rot, and bacteria, excellent shock absorption & vibration dampening properties, CFC free, resistant to water, chemicals, solvents & grease, excellent buoyancy, odorless, excellent thermal insulation properties and cost-effective.


Based on form type, polyethylene foam market is segmented into XLPE foam and non XLPE foam. Non-XLPE foam is slightly abrasive, requires more fabrication, relatively expensive, and resistant to tearing, cracking, and crumbling. Based on distribution channel, market is segmented into business to customer (B2C), business to business (B2B) and online retailing. Based on application, market is segmented into cushioning, packaging, laminating and others. In addition, based on end-user, market is segmented into automotive, protective packaging, medical, building & construction, foot wear and others. Automotive industry is further-sub-segmented into child seat, shock absorber, tool boxes,side impact and under carpet. Protective packaging segment includes tableware, cap liners, food trays, electric products, heat-resistant packaging, fruit trays, groceries and fish containers. Additionally, building & construction industry is anticipated to witness highest growth during the forecast period, due to huge investments in new infrastructure developments, renovation of non-residential buildings and new housing projects.

The polyethylene foam market is driven by rise in the construction business in both commercial and residential properties sector, followed by surge in investment by individuals towards home ownership in several countries, rapid urbanization,low cost of production,easy availability of raw materials, energy sustainable & energy conservative material, rise in demand from automotive sector and increase in income levels of individuals. However, toxic properties of PE foams and volatility in the prices of raw materials may impact the market.

Based on geography, China country holds major share in polyethylene foam market owing to relatively high-value share and rise in penetration of various industries in the country. The EU and USA are expected to witness higher growth rate due to presence of strong world class manufacturing as well as a service industry over the forecast period.

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Rise in Digital Industrialization Expected to Drive Europe Edge Computing Market over the Forecast Period: Ken Research

Edge computing is a revolutionary process to optimize cloud computing systems. It primarily states to the technologies enabling computation to be implemented at the edge of the network. The services are performed on upstream data on behalf of IoT services and downstream data on behalf of cloud services. Edge computing is responsible for supporting data acquisition & control functions, applications closer to the end user and storage of high bandwidth content. Edge sites are positioned as close as possible to the end-users for instance a logical endpoint of a network as part of a more widespread cloud computing architecture. However, the position of an edge for IoT may change according to the service required by the end-users.

Edge computing solves latency challenges and allow enterprises to take better advantage of opportunities leveraging a cloud computing architecture. The computing provides shorter period of open communication channels owing to improved latency allowing extended battery life for battery-powered IoT devices. The computing also facilitates proficient data management as data processing & data filtering can be performed at the edge of the network, offering cleaner data sets for cloud-based data analytics.

According to study, “Europe Edge Computing Market (2018-2023)” the key companies operating in the Europe edge computing market are Cisco Systems, Inc., Google Inc., Microsoft Corporation, IBM Corp., Amazon. The prominent companies keep innovating and investing in research & development (R&D) to present a cost-effective product portfolio. There has been recent mergers & acquisitions (M&A) among the key players, an approach the business entities leverage to increase their reach to the customers.

Based on component type, edge computing market is segmented into solution and services (software and hardware). Based on technology, market is segmented into fog computing and mobile edge computing. Mobile edge computing is emerging as a favorable computing architecture for telecom operators, system integrators and IT platform providers. The computing adds computing capabilities and virtualization to a RAN. Based on type of deployment, market is segmented into cloud deployment and on-premise deployment. Based on organization size, market is segmented into large enterprises and small & medium enterprises. Based on application, market is segmented into connected cars, critical infrastructure monitoring, smart grids, traffic management, augmented reality, assets tracking, environmental monitoring, security & surveillance, and others. In addition, based on end-use industries, market is segmented into energy & utilities, healthcare, manufacturing, government & public sector, media & entertainment, telecom & IT, transportation, retail, and others.
The edge computing market is driven by rise in number of intelligent applications, followed by increase in load on the cloud infrastructure, rise in digital industrialization and assistance for real-time applications. However, higher maintenance costs, lack of technical skills and more local hardware may impact the market. Moreover, numerous frameworks & languages for IoT solution and advent of the 5G network are key opportunities for market.

Based on regions, Europe edge computing market is segmented into EU5 and the rest of EU5. The EU5 would secure the maximum market share as countries like the France and UK are progressing swiftly with smart & connected devices. It is anticipated that future of the market will be bright due to tremendous increase in the number of intelligent applications over the forecast period. It is projected that the market will be reached at US $1.94 billion by 2023, expanding at a CAGR of 29.3%.

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Wednesday, October 16, 2019

Growth in Adoption of IoT across Industries Expected to Drive North America Edge Computing Market over the Forecast Period: Ken Research

Edge computing is a distributed computing paradigm which provides real-time data analysis and decreases the cost related to data management & operations. It is a network of data centers that store & process data locally before sending them to cloud or centers. It optimizes computing to avoid interruptions in sending or receiving data. It brings data processing nearer to Internet of Things (IoT) sensors to improve efficiency and reduce latency. IoT and IIoT are examples of edge computing. IoT includes home appliances, traffic lights, mobile devices, motor vehicles (trucks & cars), thermostats and smart streetlights. Additionally, IIoT includes smart power grid technology, automated industrial machines, magnetic resonance (MR) scanner, wind turbine and undersea blowout preventers.
The key characteristics are real-time interactions, scalable, geographically distributed, autonomous & distributed, heterogeneous and contextual & low latency. Some of the benefits are included cost-effective, secure, faster response and reliable operations.

According to study, “North America Edge Computing Market (2018-2023)” the key companies operating in the North America edge computing market are Cisco Systems Inc., IBM Corp., Microsoft Corporation, Google Inc., Amazon. Key players are gradually taking initiatives for technological advancements. The launch of advanced technology is anticipated to fuel growth of the market and aid players to gain higher revenue.

Based on component type, edge computing market is segmented into edge computing hardware, edge computing services and edge computing platform. Hardware components include routers and gateways. Hardware segment holds major share in market owing to enabling comprehensive edge infrastructure deployment, large-scale deployment of components for decentralizing storage & computing operations, and reducing network traffic. Based on application, market is segmented into smart cities, connected healthcare, smart factories, smart grids, connected vehicles, and others. In addition, based on end-use industries, market is segmented into manufacturing sector, IT & telecommunication, healthcare & life sciences, energy and utility sector, and consumer appliances.

The edge computing market is driven by growth in adoption of IoT across industries, followed by increase in data volumes & network traffic, surge in end-use industries, increase in development of innovative concepts for instance autonomous cars, presence of large number of edge computing vendors, increase in technology adoption, rise in gaming & e-commerce industries, increase in average number of digital devices and rise in demand for low-latency processing & real-time. The IoT is driven by large volumes of data generated from various activities in our day-to-day lives. However, problem with standardization & implementation of the network and lack of skill & understanding may impact the market. Moreover, lightweight frameworks & systems to increase efficiency of edge computing solutions and emergence of autonomous vehicles & connected car infrastructure are key opportunities for market.

Based on regions, North America edge computing market is segmented into the Canada and United States. USA holds major share in market owing to rise in utilization of digital infrastructure and limitation of cloud-based analytics systems in the country. It is anticipated that future of the market will be bright due to presence of connectivity networks over the forecast period. It is expected that market will be reached at US $ 2.43 billion by 2023, expanding at a CAGR of 28.7%.

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Increase in Awareness about Grooming among Women Expected to Drive World Nail Polish Market over the Forecast Period: Ken Research


Nail polish is a varnish used to decorate the nails of the fingers or toes, also called “nail lacquer” andnail varnish”. It is mainly composed of 70%-80% of volatile solvent, small amounts of solvent oil, about 15% of nitrocellulose, titanium dioxide, camphor, and oil-soluble pigments. It is used for the protection of nail plates. It is commonly available in multiple colors.

According to study, “World Nail Polish Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world nail polish market are Loreal Paris, Cosmetic Industries, The Face Shop Co., Ltd., Skinfood, LVMH, Creative Nail Design, Inc. (CND), Revlon Inc., Za-cosmetics, Sally Hansen, Bobby Brown Professional Cosmetics Inc., Missha, UNT, Chanel, M.A.C. Cosmetics, Maybelline, Butter LONDON LLC, Dior, Anna Sui, ORLY International, Inc., OPI, Ming Shi, Miha, Essie Cosmetics, Ltd.,, Odontorium Product Inc., Fiabila Cosmetics Co., Ltd., NARS Cosmetics, China Glaze, The Estee Lauder Companies, Inc., Cosmetic Industries, Inc., RGB Cosmetics, Sally Hansen, Inc., Vogue Cosmetics, Coty Inc., Procter & Gamble Co. Key Manufacturers are facing intense competition and often use price or quality characteristics to position their brands. In order to maintain their position in the market, companies are also offering free shipping & discounts on nail polish products to customers.

Based on product type, nail polish market is segmented into gel and liquid (base coat & top coat). Liquid polish holds major share in market owing to easy application & availability of a wide range of colors. Gel polish segment is expected to witness higher growth rate due to its ability to provide a long lasting glossy finish during the forecast period. Based on distribution channel, market is segmented into offline distribution channel and online distribution channel. Offline distribution channel segment is further sub-segmented into independent retailers, large retail store formats, and specialty stores. Based on application, market is segmented into nail art, nail care and others. In addition, based on end-use, market is segmented into nail salons or nail bars, individuals, and other beauty parlors.

The nail polish market is driven by rise in innovation & advancements in nail polish industry, followed by increase in awareness about grooming among women, growth in color cosmetics demand, change in lifestyle & rise in consumer disposable income, increase in acceptance of nail care fashion trends, rise in availability of non-toxic solutions, increase in brand consciousness, endorsement for nail polish by celebrities, growth in purchases by the teenage population and increase in working women population. However, stringent government regulations and health concerns about the harmful chemicals may impact the market. Moreover, rise in penetration of e-commerce businesses for new product development and increase in demand for organic & natural nail polish are key opportunities for market.

Based on geography, the China and Japan countries hold major share, followed by USA and EU in nail polish market owing to rise in number of spas & salons in countries. The USA country is expected to witness higher growth rate due to introduction of unique finishes for instance glitter, sequins, magnetic, and metallic over the forecast period. It is anticipated that future of the market will be bright on account of growth in number of mobile-based apps of fashion trends during the forecast period.

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The methyl mercaptan is a neutral gas, along with the robust benefit odour and a very cheap odour threshold. It is an unsurprisingly arising chemical resulting from the decomposition of the organic matter. In addition, the methyl mercaptan is also known as methanethiol and has a formula CH4S which synthesized by reacting to the methanol and hydrogen sulfide gas. It is grealy utilized in the pesticide industry, food and feed additives, medicament industry and several others.
Global Methyl Mercaptan Market
Furthermore, the Methyl mercaptan is a colorless, combustible gas with the odor of terrible cabbage. It is an outstanding thiol methylation agent utilized in the synthesis of several organic compounds namely methionine (amino acid optimize in the animal feed additives), pesticide industry, medicament industry, and several others. Food and feed additives are the principal downstream items of methyl mercaptan, enchanting 63.96% of the world methyl mercaptan in 2016.
According to the report analysis, ‘Global Ethyl Mercaptan Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ states that in the global ethyl mercaptan market 2019, there are numerous companies which recently functioning more positively for leading the fastest market growth and registering the highest value of market share across the globe during the forecasted period while improving the applications, decreasing the side effects of the gas, increase the utilization of the gas, spreading the awareness related to the efficient usage of the gas and delivering the better consumer satisfaction includes DuPont, Arkema, Chevron Phillips and several others.
According to this report and survey, in 2016, the sale of methyl mercaptan will reach approximately 284857 Tons from 270111Tons in 2011 at an average growth rate of more than 1.00%. The USA is the principal sale economy, which will share 40.54% in 2016, followed by Europe region, Asia (Ex China) and china regions, the market shares are 31.34%, 12.38%, and 6.77%, respectively in 2016. The global market for Methyl Mercaptan is projected to increase at a CAGR of jaggedly 1.3% over the next five years, will reach 500 million USD in 2024, from 460 million USD in 2019.
Whereas, the generation of the methyl mercaptan allocated evenly in North America, Europe, China and Asia(EX China) and several other regions. North America economy is the principal production economy of methyl mercaptan in the biosphere in the past five years and it will retain an identical position in the coming few years. The USA market will take up approximately 52.60% in worldwide production in 2016. The top three constructors (DuPont, Arkema, and Chevron Phillips) have methyl mercaptan plant in the USA. In China, owing to the production techniques, the superiority of a product has an immense variance from foreign.
In 2016, the introduction of the methyl mercaptan will reach approximately 284857 Tons from 270111 Tons in 2011 at an average growth rate of more than 1.00%. By 2021; the generation of the methyl mercaptan will reach nearby 361486 Tons at an average development rate of more than4.70%. Therefore, in the coming years, it is anticipated that the market of methyl mercaptan will increase across the globe more positively over the near years.
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Rise in Demand for Production of Thermoplastic Polyurethane Expected to Drive World Polycaprolactone Market over the Forecast Period: Ken Research


According to study, “World Polycaprolactone Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world polycaprolactone market are Perstorp Holding AB, CorbionPurac, Shenzhen Esun Industrial Co., Ltd., Daicel Corp, BASF SE, Polysciences, Inc., Sigma-Aldrich Corporation (Merck KGaA), Shenzhen Polymtek Biomaterial Co., Ltd., Haihang Industries Co. Ltd., Durect Corporation. The key manufacturers are focusing on strategic growth initiatives for instance product development, joint ventures, and mergers & acquisitions.


Polycaprolactone or PCL is a fossil-based, biodegradable and semi-crystalline polyester with the molecular formula (C6H10O2)n. Its crystallinity and molecular weight are inversely proportional to each other, i.e. its crystallinity tends to increase with any decrease in its molecular weight. On exposure to moisture, micro-organisms and heat, PCL is naturally break down into organic components. It is used for medical devices, shoe counters, in hot melt adhesives, and bioplastics. Key properties include better biocompatibility, low viscosity, non-toxicity, biodegradability, and its capability to easily melt, among others. It is derived from chemical synthesis of crude oil and can be degraded by aerobic & anaerobic microorganisms.

Based on form, polycaprolactone market is segmented into nanosphere, pellet and microsphere. Nanosphereis a colloidal drug delivery system for drugs and other active molecules, with size ranging between 10 to 1000 nm. Pellet segment is expected to witness higher growth rate owing to rise in production of plastics, filament and 3D printer extruder during the forecast period. Based on production method, market is segmented into polycondensation of carboxylic acid and ring opening polymerization. The ring opening polymerization method is usually used in the production of polycaprolactone because of its ease of scale up, cost considerations and acceptable purity. This process helps to produce polymers with the same or lower density than monomers. Based on application, market is segmented into thermoplastic polyurethane (TPU),sutures, drug delivery, tissue engineering, wound dressing, dental implant, orthopedics and others. In addition, based on end-use industries, market is segmented into automotive, packaging, construction (roof, doors, wall, and windows insulation), and healthcare.

The polycaprolactone market is driven by extensive use of polycaprolactone in manufacturing of polyurethane & thermoplastic polyurethane, followed by rise in demand from healthcare sector, strong government support for developing & innovating biodegradable polymers for sustainable lifestyle, increase in need for enhanced versatility, insulation properties, durability, and strength-to-weight ratios, rise in disposable income, growth in demand to maintain lower noise levels in commercial properties and high abrasion & high elasticity. However, availability of low-cost substitutes and high cost of polycaprolactone may impact the market. Moreover, improve biodegradability by mixing starch & other low-cost organic fillers and extensive research & development (R&D) on polycaprolactone blend to decrease the cost are key opportunities for market.
Based on geography, India and China countries holds major share in polycaprolactone market owing to presence of emerging economies and rise indemand of thermoplastic polyurethane in major end-use industries in the countries. The USA and Europe are expected to witness lucrative growth due to increase in use of the product in modeling & splinting of prototyping systems and high demand for surgical equipment & biodegradable products over the forecast period.

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Trends In The North America 3D Printing Market Outlook: Ken Research


The additive manufacturing and 3D printing is an effective procedure of building the three dimensional solid items from a digital file. The generation of a 3D printed object is attained utilizing the additive processes. However, in an additive procedure an object is generated by laying down the uninterrupted layers of the material until the item is produced. Each of such layers can be seen as a lightly sliced horizontal cross-section of the subsequent objects. Furthermore, the 3D printing is the contradictory of the subtractive manufacturing which is wounding out/hollowing out a section of metal or plastic with for instance a milling appliance. The 3D printing allows introducing the complex structures utilizing less material than the traditional manufacturing ways.

According to the report analysis, ‘North America Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))states that in the North America 3D printing market, there are several key players which are recently functioning more positively for leading the fastest market growth and registering the high value of market share throughout the short span of time while introducing the new and advanced technologies of producing the three dimensional object, decreasing the human efforts, analyzing and studying the effective strategies and policies of the strict regulatory authorities, and positively determining the competitors strengths includes 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc., Mcor Technologies Ltd., Voxeljet AG and many others.

Additionally, the market of 3D printing in North America is sectored into different segments such as type of the product, material type, and varieties of services, technology type, application type, end users and region. However, based on the material type, in 2017, polymer sector effectively registered the North America 3D printing material market as they characterize the greatest penetration and user approach ability in 3D printing. It is projected that the polymer material will endure to lead material segment during the reviewed period.

Nonetheless, based on the end users, accredited to the speedy acceptance of the 3D printing among small and medium enterprises in North America and strengthening the digitization wherein 3D printing solutions have paved the technique for several other manufacturing companies, manufacturing sector employed the principal share in 3D printing technology market. Whereas, on the basis of region, US proficiently continues to central the North America economy 3D printing market recognized to spur in IT expenditure of country and inclusive array of industries embracing 3D printing to manufacture great performing 3D commissioned products followed by Canada and Mexico.

The large players in the North America 3D printing are accepting the strategies of joint ventures, partnerships and mergers and acquisitions and introducing the new products which further benefitted for increasing the value of market share and generating the high value of revenue. Therefore, in the coming years, it is predicted that the market of North America 3D printing will increase more significantly over the coming years.

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Rise in Prevalence of Target Disorders Expected to Drive Latin America Cancer Screening Market over the Forecast Period: Ken Research

Cancer screening aims to distinguish cancer before symptoms appear. It involves blood tests, DNA tests, urine tests, medical imaging tests and other tests. The benefits of screening in terms of cancer inhibition, early detection and subsequent treatment must be considered against any harms.

According to study, “Latin America Cancer Screening Market (2018-2023)” the key companies operating in the Latin America cancer screening market are Abbott diagnostics, GE Healthcare, Roche Diagnostics, Becton, Dickinson and Company, Hologic Inc., Roche Molecular Inc., Celera Group, Auto Genomics Inc., ELI Tech Group, Quest Inc., Applied Biosystems Inc., Trans Genomic Inc.,  BioRad Laboratores Inc., PerkinELmer Inc. The key players are scheduling for investing the attractive amount of money for advancing the technologies and increasing the awareness related to this while the government of an economy is also taking initiative in this regards and creating the profitable strategies & policies which further proved to be profited for both the consumer and players.

Based on type of cancer, cancer screening market is segmented into breast cancer, bowel cancer, cervical cancer, lung cancer, prostate cancer, colorectal cancer, oral cancer, skin cancer, pancreatic cancer and other cancers. Breast cancer involves clinical breast examination, mammography, Magnetic resonance imaging (MRI), and breast self-examination tests. Cervical cancer involves Pap test and Human papillomavirus (HPV) testing. Lung cancer involves Low-dose helical or spiral computed tomography (CT or CAT) scan. Prostate cancer involves Prostate-specific antigen (PSA) test and Digital rectal examination (DRE). Colorectal cancer involves fecal occult blood test (FOBT), stool DNA tests, colonoscopy test, double contrast barium enema and sigmoidoscopy test. Additionally, skin cancer involves dermoscopy, skin self-examination and complete skin exam test. Based on product type, market is segmented into reagents & kits, services, instruments and data management system. Based on screening type, market is bifurcated into the market is segmented into laboratory tests, imaging tests, biopsy tests, genetic tests and endoscopy tests. Imaging test make pictures or images of areas inside the body while genetic test looks for certain gene mutations or changes that are linked to types of cancer. In addition, based on end-users, market is segmented into independent physicians & clinics, hospitals and laboratories.

The cancer screening market is driven by rise in prevalence of target disorders, followed by increase in aging population, rise in support from government in the form of awareness campaigns & performance-based reimbursements, increase in awareness among people, and presence of favorable government initiatives for early disease diagnosis. However, high screening test costs, imbalance in socio-economic & political scenario and inadequate healthcare access in developing countries may impact the market.

Based on geography, cancer screening market is segmented into Colombia, Brazil, and the rest of Latin America. It is anticipated that market will be reached at fast pace owing to rise in technological advancements and increase in incidence of chronic diseases over the forecast period. It is expected that the market will be reached at US $ 30.06 billion, by 2023, at a CAGR of 7.19%. It is projected that the cancer screening market of will increase across the Latin America region more positively over the coming years.

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