Rise in E-Commerce Businesses Anticipated to Drive Global Clickstream Analytics Market: Ken Research

 The clickstream analytics is a process through which a user can visualize clickstream data for analytical & research purposes. A clickstream refers to the translation of user activity on a specific website wherein the user clicks on a computer display screen and action gets transformed into a web activity. Clickstream analytics is a key part of e-commerce market research which can be used to track several other activities within an organization. These analytic solutions have been increasingly organized across various industry verticals such as financial sector, telecommunication, transportation, energy, and health care.

According to study, “Clickstream Analytics Market by Component (Software and Services), Deployment (On-premise and Cloud), Application (Click Path Optimization, Website/Application Optimization, Customer Analysis, Basket Analysis & Personalization, Traffic Analysis, and Others), and Industry Vertical (BFSI, Telecom & IT, Travel & Hospitality, Retail & eCommerce, Government, Energy & Utilities, Media & Entertainment, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global clickstream analytics market are Adobe Systems Incorporated, Hewlett Packard Enterprise, Google LLC, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Talend, Splunk Inc., and Verto Analytics Inc.

On the basis of component type, clickstream analytics market is segmented as software component and services component. Services are further sub-segmented as managed and professional services. Professional services include support & maintenance, deployment & integration and consulting services. Consulting services segment dominates the market owing to rise in need of clickstream analytics solutions across organizations. On the basis of business application, market is segmented as click path optimization, customer analysis, traffic analysis, website or application optimization, basket analysis & personalization and others. On the basis of deployment model, market is segmented as on-demand deployment model and on-premise deployment model. In addition, on the basis of industry vertical, market is segmented as telecom & IT, BFSI, travel & hospitality, government, retail & ecommerce, energy & utilities, transportation & logistics, media & entertainment, and others. Retail & e-commerce segment is predicted to register high growth due to increase in purchasing power of consumers coupled with rise in demand for online shopping during the forecast period.

The clickstream analytics market is driven by growth in adoption of mobile technology, followed by rise in ecommerce. However, data privacy and cyber security may impact the market. Moreover, emerging trend of predictive marketing and multichannel marketing are key opportunities for market.

Based on geography, the North-American is a leading region in global clickstream analytics market owing to considerable technological developments, growth in adoption of web analytics solutions, and the wide presence of vendors in the region. Whereas, the Asian-Pacific and European regions are estimated to exhibit considerable growth rate due to growth in adoption of ecommerce and smart technologies, and various government initiatives, for instance smart cities across the APAC countries, including India and China over the forecast period. In near future, it is anticipated that the global clickstream analytics market will be reached at quick pace because of rise in investments to develop big data technology during the forecast period.

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Global Clickstream Analytics Market

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Increasing Landscape Of Canned Food Market Outlook: Ken Research

 The Canned foods are the food products that are conserved by sterilizing and sealing them in impermeable containers. Canning of food products is done to encompass their shelf life, attached with great quality and high nutritional assessment. Canned food is obtainable in the market in a series of product forms such as seafood, meat, meals, beans, lentils, fruits, vegetables, soups & sauces, sweets & desserts, and pastas. Additives such as spices, flavors, and seasonings are effectively utilized to enhance the aroma, taste, and steadiness of the canned food products. Food & beverages producers have financed a lot in R&D to improve the characteristics, taste, or nutritional value of canned food.s

According to the report analysis, ‘Canned Food Market by Product Type (Canned Meat & Seafood, Canned Fruit & Vegetables, Canned Ready Meals, and Others), Distribution Channel (Supermarket/Hypermarket, Convenience stores, E-commerce, and Others), and Type (Organic and Conventional): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the canned food market there are several corporates which presently functioning more actively for leading the fastest market growth and registering the great value of market share around the globe during the incoming years while delivering the better consumer satisfaction, spreading the awareness related to the applications and benefits of such, implementing the profitable strategies, analyzing and studying the strategies of the competitors, delivering the better consumer satisfaction, employing the young work force and decreasing the linked prices includes Del Monte Foods, Conagra Brands, Kraft Heinz, Nestle, Campbell Soup Company, JBS, CHB Group, AYAM, Danish Crown, Bolton Group and several others.

The worldwide canned food market was word at USD 91.4 billion in 2018 and is anticipated to reach USD 124.8 billion by 2026, with a CAGR of 3.9% throughout the forecast period. The Consumer requirement for the convenient canned food products that are vigorous, ethical, and comforting, and fit for fast-paced life is a foremost trend in developed economies. In addition, the effective growth in disposable income in emerging regions such as China, India, and Brazil has led to augment the expenditure on time-saving and labor-saving canned food products.

Customers are not enthusiastic to spend much time on food preparation; thus, they desire convenience over price. Redefinition of the gender roles in households, with more functioning women in the industry, further supplements the requirement for microwavable foods. The retail enlargement is supported by the speedily expanding economy, coupled with growing consumption rates, urbanizing population, and increasing middle-class population, predominantly in emerging economies.

The effective growth in the disposable income, innovative packaging, and forms of canned products offered by foremost players; and augment in demand for convenience amongst consumers are projected to deliver the numerous opportunities for the expansion of the worldwide canned food market.

Furthermore, the Asia-Pacific is projected to witness the highest CAGR, due to the rise in disposable income and hectic lifestyle of consumers as a result of higher employment and increasing working women populace in the region. Therefore, in the near years, it is predicted that the market of canned food will increase around the globe more actively over the inflowing years more effectively.

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Global Canned Food Market

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Global Ambient (Canned) Fish & Seafood (Fish & Seafood) Market - Outlook to 2022: Market Size, Growth and Forecast Analytics

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Increase in Adoption of Smartphones Coupled With Healthcare Apps Expected to Drive Global Digital Therapeutics Market: Ken Research

The use of digital therapeutics is primarily defined as a health discipline and treatment option which utilizes digital and online health technologies for a medical treatment or any psychological condition. The digital therapeutics further assists in providing a new approach for treating and the disease management by using the digital systems that assists patients in managing their own health and disease conditions. The use of digital therapeutics further consists over a vast range of product types, apps, wearable devices, and telemedicine platforms, and many others.

According to study, “Digital Therapeutics Market by Application (Diabetes, Obesity, Cardiovascular Disease (CVD), Central Nervous System (CNS) Disease, Respiratory Disease, Smoking Cessation, Gastrointestinal Disorder (GID), and Others), Product Type (Software and Device), and Sales Channel (Business-to-Business (B2B), Business-to-Consumer (B2C)): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global digital therapeutics market are 2MORROW, Inc., Livongo Health, Inc., Fitbit, Inc. (Twine Health, Inc.), Medtronic Plc., Pear Therapeutics, Inc., Omada Health, Inc., Proteus Digital Health, Inc., Voluntis, Inc., Resmed, Inc. (Propeller Health) and Welldoc, Inc.

Based on product, digital therapeutics market is segmented as devices and software. The software segment dominates the market owing to rise in demand for reducing healthcare costs across the world. Based on application, market is segmented as treatment or care-related applications and preventive applications. Treatment or care-related applications include CNS disorders, diabetes, musculoskeletal disorders, chronic respiratory disorders, smoking cessation, cardiovascular diseases, substance use & addiction management, gastrointestinal disorders, medication adherence, rehabilitation & patient care and others. Preventive applications include nutrition, obesity, lifestyle management and others. The diabetes segment holds large share in market due to high prevalence of diabetes. Additionally, obesity segment is anticipated to exhibit higher growth rate as a result of increase in number of overweight populations as well as rise in number of chronic diseases during the forecast period. In addition, based on sales channel, market is segmented as Business-to-Consumer (B2C) and Business-to-Business (B2B).

The digital therapeutics market is driven by rise in need to control healthcare costs, followed by increase in adoption of smartphones & tablets coupled with healthcare apps and rise in incidence of chronic diseases. However, patient data privacy concerns and lack of awareness regarding digital therapeutics in developing countries may impact the market. Moreover, unexplored therapeutic applications and large undiagnosed & untreated population are key opportunities for market.

Based on geography, the North-American region holds major share in market owing to increase in number of reforms to curb the rise in healthcare spending in the country coupled with drive to focus on a patient-centric healthcare approach in the region. Whereas, the Asian-Pacific and European regions are estimated to exhibit substantial growth rate due to highly dense population & rapid urbanization and rapidly changing technological landscape over the forecast period. In upcoming years, it is predicted that future of the market will be optimistic on account of rise in prevalence of chronic diseases and lifestyle associated diseases during the forecast period. The global digital therapeutics market was valued at US $2,238 million in 2018 and is likely to reach US $9,640 million by 2026 with a CAGR of 19.9% during the forecast period.

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Global Digital Therapeutics Market

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Speedy Increment In Global Extra Virgin Avocado Oil Market Outlook: Ken Research

Extra virgin avocado oil is dig out from pressing fresh Hass and Fuerteform of avocado fruit that has robust avocado aroma. The avocado oil majorly finds its application across cosmetics and food & beverage industry. The extra virgin avocado oil is gorgeous in vitamin A, D, E, C, omega 3 fatty acid, and oleic acid. It is utilized in hair & skin care solutions and cooking oil owing to its verified health benefits. The implementation of the extra virgin avocado oil has been observed to be considerably great in the developed regions such as the U.S., Canada, and Germany, while emerging economies such as China, Brazil, and India are gathering up speedily.

According to the report analysis, ‘Extra Virgin Avocado Oil Market by Application (Food & Beverage and Cosmetic) and Distribution Channel (Supermarkets/Hypermarkets, Beauty Store, and Online Store): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the extra virgin avocado oil market there are several corporates which presently operating more effectively for leading the fastest market growth and registering the handsome value of market share around the globe throughout the near years while implementing the profitable strategies, studying and analyzing the policies and strategies of the competitors and government, delivering the better consumer satisfaction, spreading the awareness related to the applications, features and benefits of such, employing the young work force, decreasing the associated prices and advancing the applications of such includes AceiteraMevi Mexico SA de CV, Aconcagua Oil & Extract SA, Avocado Oil New Zealand Ltd. (Grove Avocado Oil), Bella Vado, Inc., CalPure Foods, Inc., Crofts Ltd., Mt. Kenya Fresh Avocados, Nobel Foods, Olivado Ltd., Westfalia Fruit (Pty) Ltd. and several others.

In addition, the worldwide extra virgin avocado oil market has observed significant growth over the years and is projected to grow at a steady pace throughout the forecast period. Furthermore, the great smoke point of this oil makes it ideal for cooking, which boom the growth of avocado oil and is also accountable to influence the growth of the worldwide extra virgin avocado oil market. In addition, augment in the prevalence of diseases such as blood pressure, coronary heart diseases, and diabetes propels the implementation of extra virgin avocado oil in the emerging regions such as U.S., Germany, China, and Brazil, which boosts the market growth. However, great cost of these oils coupled with problems regarding storage and small shelf life restrict the growth of the global market. In addition, there are several edible oils available in the market that are an amalgamation of the regular oil and flavored avocado oil along with the same characteristics, which in turn is projected to restrain the growth of worldwide extra virgin avocado oil market.

There are also several competitive products of avocado oil such as hemp oil, olive oil, chia seed oil, and several others available in the market along with the similar health benefits. Their producing cost is also low when associated with avocado oil. This limits the growth of the worldwide market. Conversely, increase in requirement for the trendy cosmetics encompassing extra virgin avocado oil is advantageous for skin and hair. This is projected to deliver lucrative growth opportunities for the extra virgin avocado oil market. Therefore, in the coming years, it is predicted that the market of extra virgin avocado oil will increase around the globe more effectively over the forthcoming duration.

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Global Extra Virgin Avocado Oil Market

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Significant Growth across Malware Analysis Market Outlook: Ken Research

The Malware is an umbrella term for several varieties of malevolent programs generated by cybercriminals. Malware analysis is the procedure of extracting the information from malware through the static and dynamic inspection by utilizing the different tools, techniques, and procedures. It is a systematic method to revealing a malware's major directive by gaining as much data from malware as possible. Malware analysis solution supports corporates in loading suspicious files through humble interface, perceiving signature-less malware, sending IOCs to endpoint detection technologies, and numerous others.

According to the report analysis, ‘Malware Analysis Market by Component (Solution and Services), Deployment Model (On-Premise and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprises), Industry Vertical (Aerospace & Defense, BFSI, Public Sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the malware analysis there are several corporates which presently functioning more significantly for leading the fastest market growth and registering the great value of market share around the globe throughout the upcoming years while spreading the awareness related to such, decreasing the associated prices, analyzing the strategies and policies of the government and competitors, adopting the profitable strategies, advancing the applications of such, delivering the better consumer satisfaction and employing the young work force includes Cisco Systems Inc., Palo Alto Networks, Inc., Sophos Group, Symantec Corporation, Kaspersky Lab, Fortinet Inc., Qualys Inc., McAfee LLC, Trend Micro and FireEye, Inc. and several others.

In addition, the effective growth in the malware and phishing threats, augment in adoption of IoT and BYOD trend amongst organizations, and surge in government regulations are the foremost factors that influence the growth of the malware analysis market. However, complications of device security and utilization of the free anti-virus solutions are projected to hinder the malware analysis market growth. On the contrary, augment in the implementation of mobile device applications and platforms is predicted to provide lucrative opportunities for the market growth in the forthcoming years.

Furthermore, the BFSI segment registered the malware analysis market industry in 2018 and is predicted to maintain its dominance throughout the forecast duration, owing to the implementation of malware analysis technology amongst banks to focus on securing data from several cyber-attacks and to safeguard the customer’s data from several fraudulent activities. Not only has this, the public sector is projected to grow at a significant CAGR throughout the forecast duration, owing to the implementation of malware analysis technology amongst the several government organizations for accepting a secure solution to protect their IT infrastructure.

Although, the malware analytics effectively support to understand the functionality of the malware and delivers the quick solution for the malware attack which is also responsible to augment its requirement in the organizations which have implemented the work from home facility throughout the global lockdown. Therefore, in the coming years, it is predicted that the market of malware analysis will increase around the globe more effectively over the upcoming years.

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Global Malware Analysis Market

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Speedy Improvement In Irritable Bowel Syndrome Treatment Market Outlook: Ken Research

The Irritable bowel syndrome is a gastrointestinal disorder of gut that may be acknowledged by the colon muscle contraction. It majorly distresses the large intestine. In addition, it is linked with the malfunction of the bowel, and majorly happens in geriatric populace. Diarrhea, constipation, alteration & uneasiness in bowel function, bloating, and abdominal pain are some of the mutual symptoms of the irritable bowel syndrome.

Endoscopy and blood test are customarily performed to perceive this irritable bowel syndrome. Irritable bowel syndrome is categorized into three forms such as IBS with diarrhea (IBS-D), IBS with constipation (IBS-C), and mixed IBS. Handling of irritable bowel syndrome involves the proper medicines, variation in diet, stress relief, and counseling. Medicines utilized in the treatment of irritable bowel syndrome involve rifaximin, eluxadoline, lubiprostone, linaclotide, and several others.

According to the report analysis, ‘Irritable Bowel Syndrome Treatment Market by Type (IBS with Diarrhea (IBS-D), IBS with Constipation (IBS-C), and Mixed IBS (IBS-M), Product (Rifaximin, Eluxadoline, Lubiprostone, Linaclotide, and Others), and End User (Hospitals Pharmacies, Drug Stores & Retail Pharmacies, and Online Pharmacies): Global Opportunity Analysis and Industry Forecast, 2019-2026’states that in the irritable bowel syndrome treatment market there are innumerable entities which presently working more proficiently for leading the fastest market growth and registering the great value of market share around the globe during the coming future while analyzing and studying the strategies of the competitors, developing the specifications of the technologies, advancing the profits and applications of such, employing the effective strategies of profit making, spreading the awareness related to the irritable bowel syndrome treatment, delivering the better consumer satisfaction, decreasing the associated price and employing the young work force includes Abbott Laboratories, Allergan plc, Ardelyx Inc., Astellas Pharma Inc., AstraZeneca plc, GlaxoSmithKline Plc, Johnson & Johnson (McNeil Consumer Healthcare), Novartis AG, Sebela Pharmaceuticals Inc., Takeda Pharmaceutical Company Ltd and numerous others.

Although, the irritable bowel syndrome treatment market was worth at USD 1,071 million in 2018, and is estimated to reach at USD 2,012 million by 2026, dominating a CAGR of 8.2% from 2019 to 2026. Whereas, effective increase in the prevalence of gastrointestinal diseases and disorders such as modification of the bowel habit, abdominal pain, implementation of sedentary lifestyle, augment in level of stress, and unhealthy diet are the foremost factors that influence the growth of the irritable bowel syndrome treatment market.

According to the International Foundation for Gastrointestinal Disorders (IFFGD), it was projected that the irritable bowel syndrome affects nearly 25-45 million in the U.S. in 2016. Moreover, company advancing the products with symptom precise application and subsequent launches, augment in the geriatric population, and speedy growth in the awareness programs for irritable bowel syndrome treatment are other aspects that contribute toward the growth of the market. Furthermore, effective increase in prevalence of irritable bowel syndrome in female is projected to further boost the growth of worldwide irritable bowel treatment market throughout the forecast period. Therefore, in the near years, it is anticipated that the market of irritable bowel syndrome treatment will increase around the globe more actively over the forthcoming future.

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Global Irritable Bowel Syndrome Treatment Market

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Increase in Road Traffic Congestion Expected to Drive Global Air Taxi Market over the Forecast Period: Ken Research

The air taxi is a well-organized aircraft to commute over shorter distances. Its compact size & operational capabilities allow it to land and take-off from littler runways. It offers various benefits such as preserving wealth through proactive management or suitable strategies, it assists with the allocation of prosperity from one generation to next generation through strategic asset allocation and it mitigate risks via diversifying investments. The benefits of these air taxis increase demand worldwide.

According to study, “Air Taxi Market by Propulsion Type (Parallel Hybrid, Electric, Turboshaft, and Turboelectric), Aircraft Type (Multicopter, Quadcopter, and Others), and Passenger Capacity (One, Two, Four, and More than six): Global Opportunity Analysis and Industry Forecast, 2021-2030”. Some of the key companies operating in the global air taxi market are Airbus S.A.S., Boeing, Dassault Systemes, Beechcraft Corporation (subsidiary of Textron Aviation), Embraer, Lilium, Volocopter GmbH, EHANG, Hyundai, and Uber Technologies. The key operating players in the market are aiming to develop software in order to ensure smooth operational workflow of air taxis.

Based on type, air taxi market is segmented into air taxi maintenance, repair and overhaul (MRO) services, air taxi platform services and air taxi pilot training services. Based on propulsion system, market is segmented into electric, parallel hybrid, turboshaft, and turboelectric propulsion.Electric segment holds major share in market as increased performance of the vehicle coupled with reduced weight of the vehicle with electric propulsion. The parallel hybrid and turboelectric propulsion systems are anticipated to exhibit considerable growth rate owing to increase in focus on the use of fuel-efficient vehicles with long-distance coverage during the forecast period. Based on aircraft type, market is segmented into quadcopter, multicopter, and others. Based on mode of operation, market is segmented into piloted and optionally piloted. Based on range, market is segmented into intercity (100 kilometers-400 kilometers) and intra-city (20 kilometers-100 kilometers). Based on passenger capacity, market is segmented into one, two, four, and more than six passengers sitting in the vehicle.

The air taxi market is driven by increase in road traffic congestion, followed by rise in need for an alternative mode of transportation, surge in awareness among consumers along with rise in demand for alternative transportation medium to tackle the traffic congestion problem and increase in efforts on providing access to urban areas. However, strict regulations for aviation license and high differential fare may impact the market. Moreover, government initiatives for the introduction of air taxi are a key opportunity for market.

Based on geography, the North-American is a prominent region in global air taxi market owing to high traffic congestion and availability of industry players in the region. Whereas, the Asian-Pacific and European regions are estimated to witness higher growth rate due to presence of emerging economies and rise in disposable income over the forecast period. In upcoming years, it is expected that future of the market will be optimistic as a result of growth in preference for faster modes of travel and access to remote locations with lack of proper infrastructure as well as the trending concept of smart cities during the forecast period.

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Global Air Taxi Market

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Speedy Advancement in Landscape of Forklift Battery Market Outlook: Ken Research

Battery utilized in the forklift truck is ideally well-known as a forklift battery. It is known for two major functions-providing battery source to a forklift truck and delivering the mass to forklift as a counterweight that further aids in its lifting potential. Such batteries are self-possessed of a battery case, battery cells, battery bar, and battery cables; and are of two forms involving the Lead-Acid battery and a lithium-ion battery. Both forms of batteries have their system, setup, charging demands, and price range.

According to the report analysis, ‘Forklift Battery Market by Type (Lithium ion (Li-ion), Lead-Acid, and Others), and Application (Warehouses, Construction, Manufacturing, Retail & Wholesale Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the forklift battery market there are several corporates which presently operating more effectively for leading the fastest market growth and registering the handsome value of market share around the globe throughout the upcoming duration while spreading the awareness related to the applications, productivity and durability of the good, decreasing the weak points of such, advancing the applications of such, implementing the profitable strategies of such, analyzing the strategies of the government and competitors and delivering the better consumer satisfaction includes EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, Microtex Energy Private Limited, and Southwest Battery Company and several others.

Although, the worldwide forklift battery market was worth at USD 4.3 billion in 2018, and is projected to reach USD 7.4 billion by 2026, increasing at a CAGR of 7.04% from 2019 to 2026. Whereas, the worldwide forklift battery market growth is propelled by the emergence of fuel cell forklifts as a substitute to the electric forklift. Environmental distresses, as well as the convenience of natural resources, led forklift producers to look for a more proficient and sustainable alternative over electric forklift. A fuel cell is a practicable alternative in such a scenario and its usage in batteries is increasing extensively. Therefore, the augment in the popularity of fuel cell-based forklift significantly influence the growth of the market. Not only has this, one of the foremost benefits of utilizing the forklift batteries is that they deliver mass to forklift as a counterweight that further supports in lifting capacity of the forklift truck. This augments the productivity of forklift trucks, which boosts the requirement for batteries. There is an augment in the requirement for proficient power sources to forklift machines to improve the load-bearing capacity. Therefore, manufacturers are functioning to advance the more efficient batteries for forklift, which is projected to offer fresh growth opportunities throughout the forecast duration.

Whereas, the Asia-Pacific acquired the greatest market share due to the augment in industrial output, and the growth in urbanization. Aspects that have an indirect impact on the growth of forklift batteries across Asia-Pacific are drastic populace rise, speedy urbanization, and enlargement in nature of foremost industries such as construction, food processing, electronics, furniture, and most proficiently consumer goods. Owing to the increase in population, there is a growth in requirement for construction projects, food, consumer products, furniture, and a variety of other products that depend on material transporting forklifts trucks for transportation. Therefore, the requirement for the batteries used in the forklifts is also great in this region. Hence, in the near years, it is anticipated that the market of forklift battery will increase around the globe more effectively.

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Global Forklift Battery Market

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Speedy Growth in Global Solar Tracker Installation Market Outlook: Ken Research

The Solar tracking is the procedure of engendering power from sunlight. A solar tracker is the device that directs the solar panels, mirrors of heliostat, and Fresnel reverberators toward the sun. Such solar trackers are utilized to capture the concentrated solar energy throughout the day and augment the solar panel output and proficiency. The worldwide solar market is propelled by augment in energy requirement worldwide. Solar trackers can augment the output of solar panels by 25% to 35% associated to modules at fixed angle.

According to the report analysis, ‘Solar Tracker Installation Market by Type (Single Axis and Dual Axis) and End-Use Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the solar tracker installation market there are numerous companies which presently operating more significantly for leading the fastest market growth and registering the handsome value of market share around the globe during the upcoming years while analyzing and studying the strategies of the competitors, improving the specifications of the solar tracker installation technologies, delivering the better consumer satisfaction, spreading the awareness related to the solar tracker installation, decreasing the linked prices and implementing the profitable strategies includes Abengoa SE, First Solar, Inc., Tata Power Solar Systems Limited, Trina Solar Co. Ltd., Bright Source Energy, Inc., Siemens AG, PVHardware, Arctech Solar, NEXTracker and several others.

The aspects such as environmental pollution, increase in the prices of fuels, and growth in awareness amongst the people regarding clean energy are projected to influence the growth of the worldwide solar tracker installation. However, the solar tracker installation great maintenance requirement, high price compared to stationary counterparts, and complex system than fixed racking are probable to limit the worldwide solar tracker installation growth. The worldwide solar tracker installation is yet to explore its full capacity. Therefore, growth in the government initiatives, deduction in the complexity in design, and ongoing researches in solar tracker are projected to offer growth occasions for the growth of the solar tracker installation market.

The worldwide solar tracker installation was worth at USD 162.7 billion in 2018, and is projected to reach USD 379.2 billion by 2025, increasing at a CAGR of 11.1% from 2019 to 2026. Not only has this, the renewable energy is derivative from the natural processes such as wind and sunlight. Solar, geothermal, wind, bioenergy, hydropower, and ocean power are some of the foremost sources of the renewable energy. During the recent trend, the renewable energy is used in heating, electricity, cooling, and transport segments. Furthermore, massive augment in the concerns regarding greenhouse gases emissions and growth in requirement for the energy security are projected to drive the requirement for solar energy. Therefore, the requirement for the solar tracker installation is also projected to increase. This in turn will boost the growth of the worldwide solar tracker installation market. Therefore, in the coming years, it is predicted that the market of solar tracker installation will increase around the globe more actively over the coming decades with the effective contribution by the prevailing corporates.

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Global Solar Tracker Installation Market

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India Hospital Furniture Market, India Hospital Furniture Industry: Ken Research

How Is The India Hospital Furniture Market Positioned?

Overview: India is expected to rank amongst the top 3 healthcare markets in terms of incremental growth by end of 2020. The medical tourism industry size has doubled from USD 3.0 billion in 2017 to USD 6.2 billion in 2018. Better treatment along with cost advantage over its peers in the West and Asia offering high- quality medical services has been the major growth driver for the healthcare industry in India. The number of hospitals has increased from ~ in 2015 to ~ in 2020. These factors have boosted the hospital furniture market in India. The market is still dependent on imports from other countries mainly due to the excellent quality, use of technology and lower prices (China). In 2020, ~% of the country’s hospital furniture revenue was met through imports.

Market: The hospital furniture market has increased from ~   ₹ Crores in FY’2015 to ~ ₹ Crores in FY’2020 and witnessed a CAGR of ~% over these years. Advances in healthcare infrastructure in India have stimulated the hospital furniture industry growth in recent years. Government initiatives such as Ayushman Bharat Scheme and Make in India have led to rising healthcare establishments and increasing hospital furniture production in the country. Direct sale is the most preferred method for reaching out to the end users. Increasing focus on research & development and marketing activities, new product launches, partnerships were witnessed to be the driving factors in the industry.

India Hospital Furniture Market Segmentation

By Type of Products: Hospital Beds have captured major proportion of this industry’s revenue; the primary reason being large number of newly added and replaced manual and motorized beds in both older and newer healthcare facilities (~ beds in country in 2018 and replacement rate with newly added beds is ~%). Increase in number of healthcare establishments (~ in 2018), rising public healthcare expenditure (~ ₹ crore in FY’2018) and increasing number of surgeries along with acute care cases are the growth drivers of OT tables and OT lights industry.

The prices of domestically manufactured products is approx. ~ of the imported products. Motorized beds are costlier as they have common features such as adjustable height for the entire bed, the head, and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices. Prices of OT Tables and OT Lights depend upon the configurations but the average prices are around ~ ₹ Crores and ~ ₹ Crores respectively in FY’2020. Stretchers are less costly as they are used majorly for transporting patients.

By Organised and Unorganised Market: Around ~% revenue in the overall market is generated by the unorganized market. There are around ~ firms in the ecosystem contribution to the organized market revenue.

By End-Users: Hospitals contributed the majority revenue share in the end-user segment followed by clinics and diagnostic centers. Low share of govt. spending and strong demand trends has led to increasing investment by private players. Home healthcare companies are the fastest growing end-user segment for the hospital furniture manufacturers. The new digital players emerging across the value chain -providers, pharmacies and diagnostic centers will also disrupt the industry.

Competition Scenario in India Hospital Furniture Market

The industry is highly competitive with around ~ manufacturing firms present in the market. The industry is still dependent on imports owing to the use of excellent quality and patient friendly products. Moreover, the raw material and the parts are imported majorly from China basis the low cost of products. The market is highly fragmented with the leading local players namely Midmark, Steelcraft, Narang Medical, PMT Healthcare, GPC Medical capturing ~%  of the market share in FY’2019. These players compete on the basis of parameters such as product pricing, distribution network, product quality, clientele, partnerships, product innovation, customer support and more.

India Hospital Furniture Market Future Outlook and Projections

The hospital furniture market in India is expected to grow at a CAGR of ~% on the basis of revenue over the forecast period FY’2020-FY’2025. The segmentation wise share is not expected to change during the forecasted period. The market is expected to rise at a decreasing rate in 2020 and sales are expected to remain low throughout the year owing the Covid-19 pandemic. Recovery is expected in the industry from the year FY’2022 onwards. Companies are expected to focus on wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to come up with innovative solutions. The forecast period is also expected to witness collaboration & partnerships among players and with other stakeholders in the industry such as home healthcare companies, small local manufacturers, etc.

Key Segments Covered:-

By Type of Products

Hospital Beds (Manual and Motorized)

OT Tables (Local and Imported)

OT Lights (Local and Imported)

By Stretchers (Single Fold, Trolley Based and Hydraulic)

Others

By End Users

Hospitals

Clinics and Diagnostic Chains

Home Healthcare Companies

Companies Covered:-

Arjo Huntleigh

Hill-Rom Services Inc

Paramount Bed Holdings

Stryker Corporation

Narang Medical

Steelcraft Hospital Furniture Industries Pvt. Ltd. – Vissco Group

Midmark India Pvt. Ltd. (Janak Healthcare)

Getinge

GPC Medical

Qualisurge Surgicals (Bharat Surgical Co.)

ARVS (Cognate India)

PMT Healthcare

Key Target Audience:-

Hospital Furniture Manufacturing Companies

Hospital Furniture Exporting Companies

Hospital Furniture Importing Companies

Original Equipment Manufacturers

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2015-2020

Forecast Period – 2020-2025

For More Information on the research report, refer to below link:-

India Hospital Furniture Market

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India Diagnostic Laboratories Market Outlook to FY’2025- By Government and Private Labs, By Radiology and Pathology, By Organized and Unorganized Players, By Business Model (Standalone, Hospital Based and Diagnostic Chains), By Cities (Tier I, Tier II and Tier III cities) and By Payment Method (Out of Pocket Expenditure, Insurance based and Corporate Spending

India Medical Device Market Outlook to 2023 - by IVD Market (Type of Device, Sales Channel, Domestic Manufacturing and Import), by Diagnostic Imaging Market (Type of Device, Domestic Manufacturing and Import) and by Patient Aid Market (Orthopedic Device, Hospital Furniture and Hearing Aid)

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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