Wednesday, December 4, 2019

Asia Credit Cards Market is driven by Increasing POS and ATM Terminals Coupled with Rising Prominence of Consumer-Centric Reward Point Programs: Ken Research

Some of the key factors driving growth in the Asia Credit Card Market are digitalization, development of infrastructure (Integration with Artificial Intelligent Platforms, POS Terminals, and ATM Terminals), Improved Member Merchants Discounts, Rewards and Loyalty Programs, Increasing Disposable Income and Reducing Interest Rates.
The Asia credit cards market has been observed to be at a late growth stage. The competitive growth in the credit card industry of Asia was majorly driven by deep client partnerships, strong cross-border growth, long-term growth opportunities, and tailored strategies. The digital payments industry in Asia has scaled up rapidly over the last few years which has led to an increase in credit card usage. The growth is majorly driven by usage among youth and the younger population. About 83.0% of millennials aged 25-34 years use credit cards more than any other age group.
Asia Credit Cards Market
Increasing Digital Payments Industry: The rise of affordable smartphones and sub-sequent internet and mobile penetration has led to significant growth in the digital payments space amongst Asian countries. Users have steadily embraced non-cash methods over the years especially the usage of credit cards.
The introduction of various types of credit cards such as reward-based cards for gaining reward points against shopping, traveling and even filling up the fuel in vehicles has also driven the growth of credit cards. Additionally, the design, as well as the appearance of the credit cards, can be customized as per the user's need. Partnerships with the FinTech will play a crucial role in the development of a digital payments ecosystem by promoting innovation and enabling open-loop payments that promote the adoption of digital payments.
Most of the Asian countries such as India, Indonesia, Malaysia, and others have just started their cashless journey. The countries are highly dependent on cash with the majority of the transactions being made in cash. Asian countries have eliminated many of the typical macro-economic factors to move forward to being a cashless economy; however, low rates of financial inclusion are having an adverse impact on the growth of cashless payments. The role of specific regulatory bodies such as RBI in India and The Peoples Bank of China in monitoring, regulating and promoting digital payments and credit card usage in Asia will have a great impact on the issuance of the credit cards and the transaction value and volume in present and in the future as well. The use of traditional cashless methods such as cheques is on the decline. Cheques are increasingly becoming a US-only phenomenon and will be replaced soon by other payment methods. China, South Korea, and India have recorded a major decrease in cheque usage.
Analysts at Ken Research in their latest publication Asia Credit Cards Market Outlook to 2025 – By Commercial and Personal Credit Cards; by Transactions at ATM and POS terminals; by Total Cards in Circulation; by Transaction Value and Volume through issuers & operators; and By Major Countries (Japan, South Korea, India, China, Indonesia, Philippines, Singapore, and Others)” believe that the Asian credit card the market will increase owing to the rising millennial population and the growth in the technology and FinTech in the all the Asian countries. This rise is expected to boost the demand for credit card products and services in Asia owing to the requirement of both personal as well as commercial credit cards. The market is expected to witness a forecasted CAGR of 6.8% in terms of total cards in circulation and a CAGR of 7.4% in terms of the total transaction value for the period 2018-2025.
Key Segments Covered:-
Credit cards
Value of transaction by Issuer and Operator
Volume of the transaction by Issuer and Operator
Number of Credit Cards in Circulation by Issuer and Operator
Commercial and Personal Credit Cards
Transactions at ATM and POS
Countries
India
Indonesia
Malaysia
Singapore
Philippines
South Korea
China
Japan
Other Countries (Vietnam, Thailand, Hong Kong, Taiwan and Rest)
Key Target Audience
Credit/ Debit Card Operator
Credit/ Debit Card Issuers
Prepaid Card Issuers/ Operators
Local/ Foreign Bank
Reward/ Loyalty Program Business Operators
Payment gateway provider
Credit/ Debit Card Issuer
POS Device Manufacturers
Debit/ Credit Card Manufacturing companies
ATM Manufacturing Entities
Regulatory Authorities
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2025
Companies Covered in Asia Credit Card Market:-
Banks (Issuer)
HDFC, India
Bank Mandiri, Indonesia
Bank CIMB Niaga, Indonesia
UOB, Singapore
DBS, Singapore
Citibank Bhd, Malaysia
Malaysian Banking, Malaysia
Shinhan Card, South Korea
KB Kookmin, South Korea
BDO Unibank, Philippines
Metropolitan Bank, Philippines
ICBC Bank, China
China Merchants Bank, China
JCB, Japan
Credit Saison, Japan
Others (SBI India, Bank CIMB Niaga Indonesia, Bank Mega, Citibank, HSBC Holdings Plc, Rizal Commercial Banking CORP (RCBC) and Rest)
Operators
Visa Inc.
MasterCard
American Express
Bank Central Asia
Union Pay International
Others (Shinhan Card, BC Card, Petron Corp, Taiwan Rakuten Card and Rest)
Key Topics Covered in the Report:-
Major Credit Card Issuers in Asia
Future of Credit Cards in Asia
Credit Card Market Forecast Hong Kong
Taiwan Credit Cards Market Growth Rate
Expected Credit Cards in Circulation Asia
Number of American Express Cards in Asia
Number of Union Pay International in Asia
Demonetization Impact on India Credit Card Industry
Market Report on Credit Cards Asia
Asia Payment Services Market
Asia Credit Cards Market Transaction Value in USD Million
Contactless Credit Card Holders in Asia
Credit Cards in Circulation in Asia
Credit Card Transaction at ATM in Asia
Credit Card Transactions at POS Terminals
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Ankur Gupta, Head Marketing & Communications
+91-9015378249

High Adoption Rate in the Healthcare Industry Expected to Drive L-Citrulline Market over the Forecast Period: Ken Research

L-Citrulline is an organic compound derived from plants & animals formed of natural citrulline and it has got the widespread attention by the use of tremendous health benefits. It is also known as L-Citrulina and L-Citrulline AKG. It is mainly found in watermelons and also be produced naturally by body. Human body uses l-citrulline by converting into nitric oxide and l-arginine for their consumption. It is used for wide purposes for improving athletic performance, increasing energy, heart disease, body building, diabetes, high blood pressure, muscle weakness, erectile dysfunction, fatigue & alzheimer’s disease, dementia and sickle cell disease. It can also be used for the heart disease, increasing energy, body building, and for improving the athletic performance. It is also produced from arginine as a by-product of the reaction catalysed by NOS family. The L-Citrulline derived from citrullus, the Latin word for watermelon, from which it was first insulated. L-citrulline supplementation are mainly based on the bulk for l-citrulline to increase l-arginine availability for nitric oxide production. Nitric oxide released from the endothelium as gas initiates a signalling cascade involving the activation of soluble guanylate cyclase (sGC) to upsurge cyclic guanosine monophosphate (cGMP) synthesis.

L-citrulline is possibly safe when used orally & appropriately by adults and children. The appropriate dose depends on some factors for instance patient’s age, health, and several other conditions. Apart from this, some of the side effects are stomach upset, cough, changes in urination, heartburn, & swelling and others.
According to study, “L-Citrulline Market Research Report by Application (Food & Beverages, Cosmetics & Personal Care, Agriculture/Animal Feed, Pharmaceuticals), and Region-Global Forecast to 2023” the key companies operating in the L-Citrulline market are Nutra Green Biotechnology Co., Ltd., Premium Ingredient Co., Ltd., Wuhan Soleado Technology Co., Ltd., MH2 Biochemical Co., Ltd., Newseed Chemical Co., Limited, TCI Chemicals Private Limited, Ningbo Sinorigin Bio-Products Co., Ltd., Alfa Aesar, DingKang Pharmaceuticals Ltd, abcr GmbH, CJ CheilJedang Corp., SERVA Electrophoresis GmbH, Kyowa Hakko Bio Co. Ltd., Merck KGaA, Santo Jiahe Biotech.
Based on type, L-Citrulline market is segmented into crystal L-Citrulline and powder L-Citrulline. Based on grade classification, market is segmented into medical grade and food grade. Based on application, market is segmented into radar systems, industrial heating equipment, medical applications and others. In addition, based on end-user, market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care, agricultural/animal feed and others.
The L-Citrulline market is driven by high adoption rate in the healthcare industry, followed by increase in consumer awareness of L-Citrulline-based pre-workout supplements, well-established healthcare framework, change in consumers dietary habits, rise in demand for nutritious refreshments, caffeinated drinks, & sustenance items and growth in use of L-Citrulline as a nutritional supplement in the food & beverage industry. However, sluggish growth of the feedstock industry may impact the market. Moreover, rise in adoption of citrulline malate in the cosmetics & personal care industry is a key opportunity for market.
Based on geography, the Asian-Pacific region dominates the L-Citrulline market owing to rise in per capita incomes level and high prevalence of cardiovascular disease & obesity in the region. The European and North-American regions are expected to witness significant growth rate due to rise in investments in cosmetic sector and growth in personal care sector over the forecast period.
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Tuesday, December 3, 2019

Asia Credit Cards Market Outlook to 2025: Ken Research

The report titled Asia Credit Cards Market Outlook to 2025 - By Commercial and Personal Credit Cards; By Transactions at ATM and POS Terminals; by Total Cards in Circulation; Transaction Value and Volume through Issuers and Operators; and by Countries (Japan, South Korea, India, China, Indonesia, Philippines, Singapore, and Others” provides a comprehensive analysis of the credit cards industry within Asia covering various aspects including the introduction and genesis, the market size of a credit cards by value and volume of transaction, number of cards in circulation, segmentation by personal and commercial credit cards, transactions at ATM and POS terminals, the transaction value of credit cards through operators and issuers and total cards in circulation by operators and issuers. It also covers issues and challenges, trends and developments, SWOT analysis, country profiles of major countries and regulatory framework of the industry. The report concludes with market projections and analyst recommendations highlighting major opportunities and cautions.
Asia Credit Cards Market
Asia Credit Cards Market Overview and Size
The rapidly increasing digital payments industry in Asia has scaled up rapidly over the last few years which has led to an increase in credit card usage. The total transaction value showcased high growth in Asia along with a CAGR of 14.2% for the period 2013-2018. The rise of affordable smartphones and subsequent internet and mobile penetration has led to significant growth in the digital payments space. The people in these mature markets are aware of digital payments and have steadily embraced non-cash methods over the years. The total number of credit cards in circulation increased at a CAGR of 12.9% during 2013-2018. The current usage of cash in emerging countries exceeds 90.0%. They have seen some traction in the last few years, primarily due to mobile and internet penetration and a focus on financial inclusion through mobile-based services. In most of the developed countries such as Singapore and Japan, more than 80.0% of adults have access to financial services. Regulators and governments of emerging and developing countries can set up a separate entity such as the National Payments Corporation of India (NPCI) to promote retail payments and further increase the usage and circulation of credit cards.
Asia Credit Cards Market Segmentation
Japan was leading in terms of total cards in circulation and also in the total transaction value of credit cards in the year 2018. Total credit cards in circulation had a CAGR of 0.9% in the period 2013-2018. Credit card POS transactions increased steadily over the last year within Asia thus, keeping with the government’s objective of promoting cashless payments in most of the countries. Japan was followed by South Korea, India and China in terms of the total number of credit cards in circulation respectively during the year 2018. Installation of a larger number of POS terminals at merchant locations and the higher number of cards in circulation, especially amongst urban residents, aided the growth of credit card transactions in countries such as China, India, Philippines, and others.
ATM cash withdrawals by credit card are much lower than POS transactions because of high transaction charges in the case of ATM withdrawal. Banks tend to charge 2.5-3.0% of the withdrawn amount subject to a minimum amount.
Comparative Landscape in Asia Credit Cards Market
Competition within the Asia credit card market was observed as concentrated, showcasing the late growth stage. The competitive growth in the credit card industry of Asia was driven by deep client partnerships, strong cross-border growth, significant long-term growth opportunities, and tailored strategies. The major operators in the Asian credit card industry were UnionPay International Co. Ltd., Visa Inc., MasterCard International Inc., JCB Card Co., and Shinhan Financial Group Co. Ltd. in terms of total cards in circulation and total transaction value during the year 2018. Industrial and Commercial Bank of China Ltd dominated in terms of total cards in circulation in 2018. It was followed by China Merchants Bank Co Ltd, China Construction Bank Corp and Bank of China Ltd.
In order to attract a larger customer base, there has been the introduction of various types of credit cards as per the users need such as reward cards for rewards for shopping, traveling and even filling up the fuel in vehicles, there are cards where the design and the appearance of the credit cards can be customized as per the users need, credit cards with NFC technology or contactless technology which helps to make faster payments through POS terminals. All these customer attraction schemes have made the credit card market in Asia to be recognized as highly competitive, therefore, displaying huge barriers for new entrants in almost every country in Asia.
Country Profiles of Major Countries in Asia credit Card Market
In India, banks tightened regulations to address rising defaults, therefore; credit card issuance fell sharply in the early years of the current decade. The growth in credit cards in circulation picked up for both personal and commercial cards in 2018, as banks also looked to increase their revenue from the commercial space.
In Indonesia, the middle and upper-middle classes of credit card users are concerned about the disclosure of tax information due to credit cards being subject to investigation, causing inconvenience. Although subjects of interest are consumers whose transactions exceed IDR 1 billion a year, the public concern is still stirred because of it relating to consumers’ privacy. Hence, people are refraining from making purchases through credit cards, and prefer to use cash instead.
Cashless revolution encouraged credit card transaction volume and value in Singapore.
In Malaysia, credit card issuers are extending services to include installment plans at interest-free or low rates as this type of credit provides convenience thus, eliminating all kinds of complicated paperwork. As a result, the credit card industry in Malaysia has little competition thus, allowing growth despite the rising popularity of mobile payments.
South Korea mobile payment platform drives personal credit card value growth, whilst commercial credit card value growth slows down due to government policy of eliminating corporate tax benefits.
In Philippines, the regulations that implement the Philippine Credit Card Industry Regulation Law (Republic Act No 10870) were approved by the Monetary Board (MB) in May of 2018 to boost the credit cards in circulation and eventually improve the credit card transaction value. The new regulations aim to make credit cards readily available and easier to use for consumers.
In China, intense innovations in IT capabilities help drive the growth of credit cards whereas, in Japan, the government continues to encourage cashless payments as part of its economic growth strategy in 2018.
Asia Credit Cards Market Future Outlook and Projections
By the forecast period ending 2025, it is expected that the total number of credit cards in circulation in Asia will grow at a positive CAGR of 6.8% for the period 2018-2025. The expected growth in contactless payments through credit cards will be a major growth driver for the increase in the transaction value because of the ease and speed provided. The total transaction value of credit cards in Asia will have a CAGR of 7.4% during 2018-2025. Within Asia, major card networks are looking to tie up with banking partners for the issuance of contactless cards. The role of specific regulatory bodies in monitoring, regulating and promoting digital payments in Asia will have a great impact on the issuance of the credit cards in the future. Partnerships with FinTech will play a crucial role in the development of the digital payments ecosystem by promoting innovation and enabling open-loop payments that promote the adoption of digital payments. In countries such as the Philippines, Vietnam, China, Bangladesh, and others, increased remittance partnerships with international players have opened up the market for more such partnerships with money transfer companies to enable digital remittance transfers to accounts and wallets in Bangladesh. Thus, there will be more opportunities for FinTech / banks / international players as regulators and the government bodies are also encouraging new solutions that will boost digital payments.
Key Segments Covered:-
Credit cards
Value of transaction by Issuer and Operator
Volume of the transaction by Issuer and Operator
Number of Credit Cards in Circulation by Issuer and Operator
Commercial and Personal Credit Cards
Transactions at ATM and POS
Countries
India
Indonesia
Malaysia
Singapore
Philippines
South Korea
China
Japan
Other Countries (Vietnam, Thailand, Hong Kong, Taiwan and Rest)
Key Target Audience
Credit/ Debit Card Operator
Credit/ Debit Card Issuers
Prepaid Card Issuers/ Operators
Local/ Foreign Bank
Reward/ Loyalty Program Business Operators
Payment gateway provider
Credit/ Debit Card Issuer
POS Device Manufacturers
Debit/ Credit Card Manufacturing companies
ATM Manufacturing Entities
Regulatory Authorities
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2025
Companies Covered in Asia Credit Card Market:-
Banks (Issuer)
HDFC, India
Bank Mandiri, Indonesia
Bank CIMB Niaga, Indonesia
UOB, Singapore
DBS, Singapore
Citibank BHD, Malaysia
Malaysian Banking, Malaysia
Shinhan Card, South Korea
KB Kookmin, South Korea
BDO Unibank, Philippines
Metropolitan Bank, Philippines
ICBC Bank, China
China Merchants Bank, China
JCB, Japan
Credit Saison, Japan
Others (SBI India, Bank CIMB Niaga Indonesia, Bank Mega, Citibank, HSBC Holdings Plc, Rizal Commercial Banking CORP (RCBC) and Rest)
Operators
Visa Inc.
MasterCard
American Express
Bank Central Asia
Union Pay International
Others (Shinhan Card, BC Card, Petron Corp, Taiwan Rakuten Card and Rest)
Key Topics Covered in the Report:-
Asia Credit Cards Market Overview and Genesis
Asia Credit Cards Market Value Chain and Business Model Analysis
Asia Credit Cards Market Size
Trends and Developments in Asia Credit card Market
Issues and Challenges in Asia Credit Cards Market
SWOT Analysis of Asia Credit Cards Market
Regulatory Landscape in Asia Credit Cards market
Asia Credit Card Market Future Outlook and Projections
Country Profiles (Japan, South Korea, India, China, Indonesia, Malaysia, Philippines, and Singapore) within Asia Credit Cards Market
Analyst Recommendations in Asia Credit Cards Market
Success Case Study in Asia Credit Cards Market
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Ankur Gupta, Head Marketing & Communications
+91-9015378249

Rise in Adoption of Early Diagnostic Practices Expected to Drive Cardiopulmonary Exercise Testing Market over the Forecast Period: Ken Research

Cardiopulmonary Exercise Testing is an operative way to assess patient’s cardiovascular & pulmonary diseases. The tests involve blood pressure, electrocardiography analysis, etc. It is used for assessing the exercise capacity and predict outcome in patients with heart failure & other cardiac conditions. It provides a valuation of integrative exercise responses to the patients suffering from cardiovascular, pulmonary, and skeletal muscle systems. It helps cardiac patients to control & manage their heart conditions. It is a low risk investigation which permits precise, vibrant valuation of cardiac and pulmonary performance.

According to study, “Cardiopulmonary Exercise Testing Market Research Report by Product (Echocardiogram, Pulse Oximeters, Stress Blood Pressure Monitors, and Others), End-user (Hospital/Clinical Laboratories, Diagnostic Centers, Ambulatory Centers, and Others), and Region (APAC, Europe, North America, RoW)-Global Forecast to 2023” the key companies operating in the cardiopulmonary exercise testing market are COSMED srl, Nihon Kohden Corporation, GE Healthcare, Cardinal Health, Masimo Corporation, Halma plc., Hill-Rom Holdings, Inc., Schiller AG, Vyaire Medical, Inc., Koninklijke Philips N.V., MGC Diagnostics Corporation. The key strategies that players provide to influence market growth include research & development, vide product portfolio and strategic business procurements.
Based on product type, cardiopulmonary exercise testing market is segmented into Cardiopulmonary Exercise Testing (CPET) Systems, pulse oximeters, Single-Photon Emission Computed Tomography (SPECT), stress blood pressure monitors and echocardiogram. CPET segment dominate the market owing to rise in incidence of ischemia. In addition, based on end-user, market is segmented into hospitals & clinics, ambulatory centres, diagnostic centres and others. The rise in rate of cardiovascular disorders globally has supported the cardiopulmonary exercise testing market growing extensively.
The hospitals & clinics segment is expected to witness substantial growth due to rise in treatment of heart diseases & coronary diseases and growth in need for diagnosis during the forecast period.      
The cardiopulmonary exercise testing market is driven by rise in cardiovascular & respiratory system-related diseases, followed by increase in patient population, rise in adoption of early diagnostic practices, increase in healthcare spending, high disposable income per individual, rise in demand for high value low volume product, growth in developments in advanced medical treatment options, increase in awareness programs and growth in research & development (R&D). However, growth in regulatory affairs, lack of expertise among healthcare professionals and high cost of instruments may impact the market. Moreover, rise in emerging markets and growth in innovations in the new product launches are key opportunities for market.
Based on geography, the American region holds major share, followed by European region in cardiopulmonary exercise testing market owing to rise in prevalence of coronary artery diseases (angina pectoris and acute myocardial infarction), presence of major manufacturers, rise in availability of cutting-edge medical technology, improvement in economies and rise in government initiatives in the region. The Asian-Pacific region is expected to witness lucrative growth due to low manufacturing cost, rise in investments by the American & European market giants and growth in healthcare infrastructure over the forecast period. The global market is estimated to reach the valuation of US $2248.21 million by growing at a CAGR of 5.75% during the forecast period (2018- 2023).
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Ankur Gupta, Head Marketing & Communications
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Rise in Demand in Building & Construction Industry Anticipated to Drive Global Halogen-Free Flame Retardants Market: Ken Research

Halogen-free flame retardant is a viable alternative for halogenated flame retardants, which exhibit superb flame-retardant characteristics. It is mixed with the different end-use materials for instance plastic, textiles, paints and coatings to make the products flame resistant. In the case of fire, it releases smoke & toxic fire gases such as polychlorinated dibenzofurans (PCDF) or polybrominated or polychlorinated dibenzodioxins (PCDD) that decreases visibility and the releases toxins bioaccumulate and are non-biodegradable.

According to study, “Global Halogen-Free Flame Retardants Market: Information by Type (Aluminum Trihydrate, Phosphorous-Based), Resin Type (Polyethylene, Polypropylene, Epoxy), End-Use Industry (Building & Construction, Electrical & Electronics), and Region-Forecast till 2023” the key companies operating in the global halogen-free flame retardants market are LANXESS, ICL, BASF SE, Nabaltec AG, Celanese Corporation, Greenchemicals SpA, Chemtura Corporation Limited, RTP Company, Akzo Nobel, Daihachi Chemical Industry Co. Ltd., Albemarle Corporation, Dic Corporation, Delamin Limited, Dover Chemical Corp., DSM N.V., DowDuPont, Apexical Inc., Bayer AG, Amfine Chemical Corporation, Kisuma Chemicals, J.M. Huber Corporation, Clariant AG.

Based on type, halogen-free flame retardants market is segmented into minerals (Magnesium Hydroxide (MDH), Alumina Trihydrate (ATH) and Calcium Carbonate), phosphorous based (organic & inorganic), nano-composites (Zinc Borate & Intumescent) and nitrogen (melamine) and others (nitrogen, magnesium hydroxide, zinc, borates). Aluminum trihydrate segment dominates the market owing to the lower cost of the product as compared to other halogen-free flame retardants. Based on resin type, market is segmented into polyethylene, unsaturated polyesters (UPE), polypropylene, engineered thermoplastics (ETP), epoxy, polyvinyl chloride (PVC), rubber, styrenics and others. Polyethylene segment holds largest share due to the large-scale applications of the MDPE, LDPE, and HDPE across various end-use industries. Based on application, market is segmented into carpet backing, adhesives & sealants, wire & cable compounds, plastics & composites, resin potting compounds, profile of trims, pipes, cable trays, doors & windows, skirting boards, decking, railings, facade decoration, roofing shingles & fencing, textiles and others. In addition, based on end-use industry, market is segmented into building & construction, transportation, electrical & electronics, consumer goods and others. The building & construction segment is predicted to witness high growth rate as a result of wide use of polymers in the form of composites, foams, plastics, textiles, and paints & coatings during the forecast period.

The halogen-free flame retardants market is driven by increase in demand in the building & construction industry, followed by stringent regulations against the use of halogenated flame retardants and growth in demand in the electrical & electronics industry. However, high loading levels of halogen-free flame retardants may impact the market. Moreover, rise in development more effective synergist compounds and emerging innovation in technology are key opportunity for market.

Based on geography, the Asian-Pacific region dominates the halogen-free flame retardants market owing to growth in endues industries in the region. The Asian-Pacific and European regions are expected to witless substantial growth rate due to rise in awareness of the need for environmental protection and growth in concerns regarding human health over the forecast period. It is estimated that future of the market will be bright on account of increase in adoption of environment friendly flame retardants caused by the regulations posed by the authorities during the forecast period.

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Ken Research                                   
Ankur Gupta, Head Marketing & Communications
+91 9015378249