Wednesday, January 11, 2023

Global Medical Tourism market is expected to reach ~USD 100 Bn by 2028F: Ken Research

 What is the Size of Global Medical Tourism Industry?

Global Medical Tourism market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.


The medical tourism market is witnessing robust growth owing to the growing demand for low-cost medical treatment in developing countries and rising awareness about medical tourism among patients. The lack of healthcare insurance coverage and inadequate insurance benefits are anticipated to encourage patients to travel outside their country to seek high-quality and low-cost medical treatments, which is likely to boost the demand for the medical tourism market globally.

The availability of high-quality treatment in developing countries along with growing demand for non-covered procedures including dental

Reconstruction, reproductive therapy, gender reassignment surgery, aesthetic surgery, and others, are expected to aid the growth of the Global Medical Tourism Market. The Global Medical Tourism Market faces challenges due to difficulty with patient follow-up and post-surgery complications.

The difficulty in taking patient follow-up after treatment for any kind of infection, particularly antibiotic-resistant infections, or other safety risks is the most significant barrier to the growth of the Global Medical Tourism Industry.

The COVID-19 pandemic negatively impacted the Medical Tourism Market owing to significant travel restrictions due to which patients were unable to seek medical treatments.

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Global Medical Tourism market by treatment type

The Medical Tourism Market is segmented by treatment type on the basis of Cardiovascular Treatment, Orthopedic Treatment, Cosmetic Treatment, Bariatric Treatment, Dental Treatment, Oncology Treatment, Infertility Treatment, Neurological Treatment and Others.

The oncology treatment segment held the largest share of the Global Medical Tourism Market in 2022, owing to the rising incidences of cancer globally.

Medical tourism for the treatment of cancer is preferred due to expensive prolonged oncology treatments and the lack of advanced technologies in some countries, due to which patients choose to travel to other countries that offer advanced technology and low-cost treatment. The above-mentioned factor is expected to fuel the growth of the market.

Global Medical Tourism market by service provider

The global medical tourism market has been segmented on the basis of Service Provider into Public and Private Segments.

The private segment accounted for the largest share of the Global Medical Tourism Market in 2022, due to the availability of digital systems, advanced medical infrastructure, and value-based care at low cost.

The increasing demand for private medical service providers offering high-class medical service is anticipated to attract tourists and propel the growth of the segment in the Global Medical Tourism Market.

Global Medical Tourism market by geography

The global medical tourism market has been segmented on the basis of geography into North America, Europe, Asia-Pacific, LAMEA.

Asia-Pacific region accounted for the largest share of the Global Medical Tourism Market in 2022, due to the availability of inexpensive flights, low-cost treatment, and increasing marketing and availability of online information for medical services.

The increase in government initiatives and investment to improve healthcare infrastructure coupled with the availability of quality care at a relatively low cost of treatment is expected to augment the growth of the region in the Global Medical Tourism Market.

What is the Expected Future Outlook for the Overall Medical Tourism Market Across the globe?

The global medical tourism market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The global medical tourism market is driven by factors such as growing demand for low-cost medical treatment in developing countries and rising awareness about medical tourism among patients. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The lack of healthcare insurance coverage and inadequate insurance benefits, the availability of high-quality treatment in developing countries along with growing demand for non-covered procedures including dental reconstruction, reproductive therapy, gender reassignment surgery, aesthetic surgery, and others are fueling the growth of the Global Medical Tourism Market.

Due to the COVID-19, global healthcare spending is also expected to face headwinds during the forecast period as several countries have increased their focus on the upgradation of existing healthcare infrastructure. The increase in healthcare spending is expected to be more prominent in countries in the Middle East and Africa region, Asia-Pacific, and Latin America. Increased government expenditure in healthcare is also impacting the growth of global medical tourism market.

The Global Medical Tourism Market is forecasted to continue a rapid growth, primarily driven by the surging demand for high-quality treatment at affordable prices. The increasing initiatives by governmental bodies to improve the healthcare infrastructure and offer cutting-edge technology, better healthcare, breakthrough medicines, and improved hospitality is further fueling the growth of the market. Though the market is highly competitive with ~500 participants, country-niche players control the dominant market share.

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Key Topics Covered in the Report

  • Snapshot of the Global Medical Tourism Market
  • Industry Value Chain and Ecosystem Analysis of the Medical Tourism Market
  • Market size and Segmentation of the Global Medical Tourism Market
  • Historic Growth of the Overall Global Medical Tourism Market and Segments
  • Competition Scenario of the Medical Tourism Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Medical Tourism Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall Global Medical Tourism Market
  • Future Market Forecast and Growth Rates of the Global Medical Tourism Market and by Segments
  • Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
  • Analysis of the Medical Tourism Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Production/Supply and Consumption/Demand Hubs in Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Medical Tourism Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

  • Aditya Birla Health Services Ltd.
  • Apollo Hospitals Enterprise Ltd.
  • Fortis Healthcare
  • Asian Heart Institute
  • KPJ Healthcare Berhad
  • Nippon Telegraph and Telephone East Corporation
  • Samitivej PCL
  • Wooridul Spine Hospital
  • Seoul National University Hospital
  • Prince Court Medical Centre

Notable Emerging Companies Mentioned in the Report

  • Bangkok Hospital Group
  • Bumrungrad International Hospital
  • Livonta Global
  • Max Healthcare
  • Klinikum Medical Link

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Private Hospitals Chains
  • Medical Tourism Service Providers
  • Medical Associations
  • Governmental Regulatory Bodies
  • Financial Institutions
  • Investors for Hospitals
  • Tourism Service Providers
  • Medical Equipment Manufacturers
  • Medical Researchers
  • Pharmaceutical Products Manufacturers
  • Hotel Chains Focused on Medical Tourists
  • Health-tech Companies

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

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Global Medical Tourism Market

Belgium Agriculture Machinery Market size is expected to grow at a CAGR of ~% owning to increasing innovation in agriculture sector, integration of Agriculture 4.0 and use of smart farming: Ken Research

Belgium Agriculture Machinery Market Ecosystem

Belgium Agriculture Machinery Market is a moderately consolidated market which is still in the growing phase. With increasing innovation in the agriculture sector, integration of Agriculture 4.0 and the use of smart farming are some of the factors that will drive the Belgium Agriculture Machinery Market. Some of the major players in the Belgium Agriculture Machinery Market are MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere etc.

Key Market Findings:-

  • With the growing demand for agricultural commodities and an increasing number of government subsidiaries for purchasing agricultural equipment are contributing to the Belgium agriculture machinery market growth.
  • With the adoption of new technology, agriculture 4.0 and the adoption of smart farming is fueling the growth of Belgium's agriculture machinery market.

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Smart FarmingTo increase production and efficiency, farmers have begun implementing some of the most significant high-tech farming and agricultural practices and technology. For instance, many farmers are installing sensors in their fields to enable them to receive detailed maps of the area's resources and geography as well as information on factors like soil temperature and acidity. Additionally, they have access to information on predicted weather patterns and the climate for the upcoming days and weeks. Farmers are also using their cell phones to collect data and statistics on the production and feeding of their livestock as well as to remotely monitor their crops, livestock, and equipment. This Smart farming will increase the growth of the agriculture machinery market in Belgium.

Integration of Agriculture 4.0: Agriculture 4.0 refers to the rising focus on adopting precision agriculture, the Internet of Things, Artificial Intelligence (AI), and big data to increase the efficiency of farming. Agriculture 4.0 is the integration of precision farming actions in the agricultural sector that are based on precise and accurate analysis of data and information that are collected through advanced tools and technologies. The use of Agriculture 4.0 in Belgium's agriculture market which includes systems that employ drones, robotics, vertical farms, artificial intelligence, and solar energy, among others will enable farmers and companies to Integrate digital technology into farming practices which will increase their yields, reduce costs associated with farming, minimize crop damage and optimize usage of fertilizers, water, and fuels. This is also expected to reduce costs and provide high-quality food which will lead to growth in Belgium's agriculture machinery market.
Increasing InnovationThe development of cutting-edge technologies is leading to a wide range of notable applications, including crop health monitoring, crop productivity analysis, soil nutrition management, rainfall monitoring, and pest infestation monitoring, which is opening up numerous opportunities for farmers, consumers, and other stakeholders to increase crop yield and quality. The development of decision support tools, remote monitoring and fertilizing systems, and automated irrigation systems as a result of increased research and development efforts is assisting businesses in reducing costs and maximizing employee productivity. Further drawing significant attention and investment, these cutting-edge technologies have the potential to increase food production while reducing environmental harm.

Analysts at Ken Research in their latest publication Belgium Agriculture Machinery Market Outlook to 2027F – Segmented by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplants (By Rows: 4Row, 6Row and 8Row)” observed the potential of the agriculture machinery Market in Belgium. With the rising awareness of advance equipment, increasing demand for agriculture equipment rental services, use of smart farming, and integration of Agriculture 4.0 along with strong government support are expected to contribute to the market growth over the forecast period. The Belgium Agriculture Machinery Market is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered: -

Belgium Agriculture Machinery Market:

By Product, 2022P & 2027F:

  • Tractors (2 Wheel and 4 Wheel)
  • Combine Harvesters
  • Agriculture Implements
  • Rice Transplanters

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By Tractors, 2022P & 2027F:

  • 8HP – 15HP
  • 20HP – 35HP
  • 36HP – 47HP
  • 48HP – 75HP
  • 75HP – 100HP
  • 100HP – 120HP
  • Above 120HP

By Combine Harvesters, 2022P & 2027F:

  • 70HP and Below
  • 75HP – 105HP
  • Above 105 HP

By Rice Transplanters, 2022P & 2027F:

  • 4 Row RT
  • 6 Row RT
  • 8 Row RT

Key Target Audience

  • Existing Agricultural Machinery Companies
  • New Market Entrants - Domestic OEMs
  • New Market Entrants - Foreign OEMs
  • Agricultural Machinery Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Agricultural Machinery Manufacturers
  • Agricultural Machinery Distributors
  • Agricultural Machinery Associations

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Time Period Captured in the Report:

  • Historical Year: 2017-2021
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

Companies Covered:

  • MTZ (Minsk Tractor Factory)
  • New Holland
  • ASI
  • Oliver Farm Equipment Company
  • John Deere
  • Kuhn

Key Topics Covered in the Report

  • Ecosystem of Belgium Agriculture Machinery Market
  • Business Cycle, Timeline, and Value Chain Analysis of the Agriculture Machinery market in Belgium
  • Belgium Agriculture Machinery Market Sizing, 2017- 2022P
  • Market Segmentations of Belgium Agriculture Machinery Market by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)
  • SWOT Analysis of Belgium Agriculture Machinery Market
  • Growth Drivers of Belgium Agriculture Machinery Market
  • Government regulations of Belgium Agriculture Machinery Market
  • Government Incentives and Policies Agriculture machinery in Belgium
  • Trends and Developments of Belgium Agriculture Machinery Market
  • Challenges of Belgium Agriculture Machinery Market
  • Competitive Analysis of Agriculture Machinery Market in Belgium
  • End User Analysis of Agriculture Machinery Market in Belgium
  • Future Outlook and Projections of Agriculture Machinery Market in Belgium, 2022P-2027F
  • Market Opportunities and Analyst Recommendations

For more insights on market intelligence, refer to the link below: -

Future Outlook of Belgium Agriculture Machinery Market

Related Reports by Ken Research: -

Thailand Agricultural Machinery Market Outlook to 2025

Indonesia Used Tractor Market Outlook to 2027

Global Cloud Computing market expected to record a CAGR of ~15% during the forecast period (2017-2028): Ken Research

 The Global Cloud Computing market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America accounted for the largest share among all regions within the Cloud Computing Market in 2022.

North America is also expected to dominate the market in terms of revenue during the forecast period due to the early adoption of technologies such as Artificial Intelligence, robotics, IoT, and cloud. The presence of prominent cloud providers, including IBM Corporation, Microsoft Corporation, Oracle Corporation, and others contribute to the region’s demand for cloud-based solutions. The cloud service providers focus on investing in technical skills, partnerships, and expansion of cloud centers.

The use of cloud-based solutions in developing nations like India, China, Brazil, and Africa is expected to grow in the market. As developing economies, these countries require cost-effective infrastructural solutions due to a lack of adequate technologies and finance. By utilizing cloud solutions, developing nations have managed to reduce their IT expenditures during the COVID-19 pandemic situation. Organizations are fully able to utilize on-demand, scalable cloud models to achieve cost-effectiveness and business continuity to accelerate their aims for digital business transformation.

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Competition Scenario in Global Cloud Computing market

The Global Cloud Computing Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in a cloud-based solution, and technologies. The Cloud Computing market's growth is heavily reliant on IoT-based applications. Nowadays, numerous cloud-based companies, including Amazon, Google, HPE, Oracle, and IBM collaborate and acquire companies to expand their presence in Cloud Computing. The company focuses on cloud solutions and services are constantly focusing on R&D activities, product enhancements, and new product launches with the integration of big data, artificial intelligence, and machine learning.

Country-Niche players constitute about ~60% of the total competitors, while regional players comprise a share of ~30%. Some of the major players in the market include Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Alibaba, VMware, and HPE among others.

What is the Expected Future Outlook for the Overall Cloud Computing Market Across the globe?

The Global Cloud Computing market was valued at USD ~billion in 2021 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Cloud Computing market is driven by factors such as the growth in big data and higher adoption of artificial intelligence and machine learning. Moreover, the adoption of cloud-based solutions in developing economies such as India, China, Brazil, and Africa are expected to drive market growth in the near future. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Merger and collaboration among companies will also affect the Cloud Computing market as it will enhance the productivity and reduce the cost. For Instance, In July 2022, Oracle collaborated with Claro, a Mexican telecom group. This collaboration focused on jointly offering

Oracle Cloud Infrastructure (OCI) services to the public as well as private sector organizations and enterprises in Colombia. In addition, the collaboration would accelerate the technology modernization of businesses and customers across Latin America. The collaboration with Claro is also expected to accelerate cloud adoption, stimulate economic recovery, and spur competitiveness in these nations.

The Global Cloud Computing Market is forecasted to continue rapid growth, which is primarily driven by the integration of Big Data, Artificial Intelligence, and Machine Learning with the cloud. The market size is estimated to be USD ~ Bn by 2022 and is expected to reach USD ~ Bn by 2028 growing with a CAGR of ~%. North America is the dominant region in the globe however Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~500 participants, few global players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

  • Snapshot of Global Cloud Computing Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Cloud Computing Market
  • Historic Growth of Overall Global Cloud Computing Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global Cloud Computing Industry
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • Covid 19 Impact on the Overall Global Cloud Computing Market
  • Future Market Forecast and Growth Rates of the Total Global Cloud Computing Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of Cloud Computing Market
  • Major Production / Consumption Hubs in the Major within Each Region
  • Major Production/Supply and Consumption/Demand Hubs within Each Major Country
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region 

Leading Companies Mentioned in the Report

  • Microsoft Corporation
  • Amazon Web Services
  • Salesforce. Com, Inc.
  • Oracle Corporation
  • Systems, Application & Products in Data Processing
  • Google LLC
  • Workday Inc.
  • Adobe System Incorporation
  • International Business Machines
  • Alibaba Group Holding Limited
  • Virtual Machine Software
  • Hewlett Packard Enterprise

Notable Emerging Companies Mentioned in the Report

  • OutSystems
  • Onecloud
  • IntelePeer
  • Nodejitsu Inc.
  • Activestate
  • The cloud Connectors
  • Gogiro
  • Hexagon data
  • Power Host
  • IDESK
  • MCM Telecom

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Cloud Computing Solution Companies
  • Cloud Computing Platform Companies
  • Potential Investors in Cloud Computing Companies
  • ML Solutions and Service Providers
  • Government Ministries and Departments of Information Technology
  • AI Solution Providers
  • Potential Investors for AI
  • Cloud-based Developers
  • Institutional Investors
  • Investors and Financial Community Professionals
  • Investment Funds
  • Cloud Computing Research Organizations
  • Research & Development Institutes
  • Cloud Computing Association 

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global Cloud Computing market

Australia Plastic Pipe Market is forecasted to grow further into AUD ~ Bn opportunity by 2027F: Ken Research

Focus On Mining and Agricultural Activities and The Demand for House Dwellings in The Country Are Major Factor Contributing Towards Development of Plastic Pipes Market in Australia.

High Quality PVC Pipes boosting Demand: PVC pipes have gained popularity across continent owing to their favorable properties such as light-weight, cost-effectiveness, easy installation and durability. Apart from this, their excellent heat and electrical insulation properties have led to their usage in electrical fittings. These pipes do no rot, wear or rust over time and can withstand rigorous shaking and extreme movement in earthquake-prone zones. Owing to these factors, PVC pipes are continuously replacing other piping materials.

Presence of Substitutes in the Market: With time, availability of the substitutes of PVC pipes such as steel, high-density polyethylene (HDPE) and cross-linked polyethylene (PEX) pose a major threat to the profitability of the PVC pipes manufacturers, in turn, deterring the market growth. Moreover, Polyvinyl Chloride has very poor heat stability. For this reason, additives that stabilize the material at higher temperatures are typically added to the material during production due to which consumers are shifting to other alternatives.

High Demand for End Users: The primary driving factors in the market is the growing use of PVC pipes in the construction industry for applications such as water supply, housing and commercial, sewage and drainage, and irrigation. Furthermore, an increase in demand for PVC pipes in variety of applications such as chemical handling, building infrastructure, PVC molded material, as well as the good physical qualities such as durability, mechanical stability, chemical resistance, mouldability of such pipes, drives rising demand for PVC pipes.

Technological Advancement: The molecular orientation technology is used for the manufacturing of polyvinyl chloride (PVC) pipes in the global market. These kinds of pipes are eco-friendly in nature. In addition, it is cost effective and efficient in nature. On the other hand, the alternatives for polyvinyl chloride (PVC) pipes are hindering the growth of the polyvinyl chloride (PVC) pipes market.

Australia Plastic Pipe Market Outlook

Analysts at Ken Research in their latest publication Australia Plastic Pipe Market Outlook to 2027F – Segmented By PVC, PE and Others Pipes, By Organized and Unorganized, By Regions and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)” by Ken Research observed that plastic pipes market is an emergent hardware market in Australia at a growing stage from the economic crisis after pandemic. The rising government policies and demand for PVC pipes, infrastructural development along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~% CAGR during 2022-2027F owing to the rise in economy of the country, increasing technology and new government policies.

Key Segments Covered in the report:

Australia Plastic Pipes Market

  • By End User Application
  • Plumbing and Civil
  • Agriculture
  • Mining and Industrial
  • Telecom and Electrical
  • Others (Oil & Gas, HVAC, Automotive and other related industries)
  • By Type of Pipes
  • PVC (CPVC and UPVC)
  • Polyethylene (PE) (HDPE, MDPE, LDPE)
  • Others (Include Polypropylene pipes, ABS, Polyvinylidene fluoride (PVDF), PB Etc.)

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  • By Type of Market Structure
  • Organized Sector
  • Unorganized Sector

Key Target Audience:

  • Plastic Resin Suppliers
  • Plastic Pipe and Fitting Manufacturing Companies
  • Oil and Gas Industry
  • Government Bodies
  • Real Estate developers
  • Agriculture Sector Companies

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027F

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Companies Covered:

  • Iplex Pipelines Pty Ltd
  • Vinidex Pty Ltd
  • Pipemakers Pty Ltd
  • David Moss Corporation
  • Reliance Worldwide Corporation (Aust. Pty Ltd)
  • Philmac Pty Ltd
  • Pipekings Pty Ltd (Australian Plastic Profile)

Key Topics Covered in the Report:

  • Overview of Australia Plastic Pipe Market
  • Value chain analysis
  • Australia Plastic Pipe and Fitting Market Size by Revenue
  • Major Players in the Australia Plastic Pipe and Fitting Market
  • Market Segmentation by Type of Pipe (PVC, PE and Others) and By End User Application (Plumbing and Civil, Agriculture, Mining and Industrial, Telecom and Electrical and Others)
  • Government Regulations and Standards
  • Growth Drivers and Restraints
  • Company profile of Major Manufacturers (Iplex Pipelines Pty Ltd, Vinidex Pty Ltd., Pipemakers Pty Ltd, David Moss Corporation, Reliance Worldwide Corporation (Aust. Pty Ltd), Philmac Pty Ltd, Pipekings Pty Ltd (Australian Plastic Profile)
  • Future Outlook
  • Analyst Recommendation

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Australia Plastic Pipe Market Outlook to 2027F: Ken Research

Related Reports:

Indonesia Plastic Pipes and Fittings Market Outlook to 2025

India Plastic Pipes and Fittings Market Forecast to 2026 

France Used Cars Market Future Outlook, Analysis, and Growth Rate: Ken Research

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France Used Car Market Ecosystem

The France Used Car Auctions market is moderately fragmented with multiple dealers (both organized and unorganized) operating in the industry. Majority of the used cars are sourced from car-rental/ leasing companies & auctions.

Direct buying from consumers or individual sellers is another major source.

Key Findings

  • France used car market is at a late growth stage along with a single-digit CAGR in terms of sales volume.
  • Amid the COVID-19 pandemic-associated lockdown, the demand for used cars witnessed a halt in sales for the first half of the year 2020. However, since the second half of the year 2020, the demand for used vehicles started to pick the pace and continued until 2021
  • In 2021, more than six million cars have changed hands in a single year.
  • The prolonged waiting period for new vehicles encourages a large number of customers across the country to opt for used vehicles, which is likely to drive market growth during the forecast period.

France Used Cars Market

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The surge in Demand of Used Cars in France: The surge in the adoption of car financing and insurance options at the used car dealerships in France will lead to significant growth in the used car market. The used car industry is anticipated to grow in the next few years owing to the fall in new car sales due to the ban on diesel and petrol cars. The French people will take time to shift from fuel cars to electric cars, which will contribute to the growth of the used car market. The country would be witnessing a growth in used car dealerships, leading to the increased availability of used cars for customers.

Government Initiatives to Regulate France Used Car Market: The implementation of government policies for low-emission zones and other regulations may have a slight negative impact on the used car market. However, the simplification of the procedure for purchasing a used car would also contribute to the growth of the used car market in the next few years.

Challenges Faced By The Industry: Some of the unorganized players do not provide warranties on pre-owned vehicles. Furthermore, some sellers commit fraud by re-painting and removing dents from accident vehicles to conceal their damage and obtain a falsely inflated value, which causes buyers to be hesitant in purchasing used cars. As a result, the higher rate of malpractice and unorganized dealers' larger market share pose a threat to the growth of the used car market.

Analysts at Ken Research in their latest publication France Used Car Market Outlook to 2023 – Surge in Demand for Rental Cars Backed by Increased Online Used Car Sales” by Ken Research observed that used car market is an emerging automotive market in France at rebounding stage from the economic crisis after pandemic. The rising government policies and demand for used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2021-2026F owing to increase in prices of new cars, rise in demand for used cars and government initiatives.

Key Segments Covered in the report: -

      France Used Car Market

By Type of Market Structure

  • Organized Channel
  • Unorganized Channel
  • OEM Certified Franchise Dealers
  • Multi Brand Dealers
  • DDSA
  • C2C Transaction
  • Local Dealership
  • Auction Companies

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By Type of Car

  • Sedan
  • Hatchback
  • SUV
  • Van
  • Crossover
  • Others

By Age of Vehicle

  • 0-2 years
  • 2-4 years
  • 4-6 years
  • 6-8 years
  • 8-10 years
  • More than 10 years

By Kms Driven and Type of Fuel Engine

  • Less than 5,000 km
  • 5,000-20,000 km
  • 20,000-50,000 km
  • 50,000-80,000 km
  • 80,000-120,000 km
  • Above 120,000 km

Key Target Audience

  • Offline Dealers
  • Online Portal
  • Organized Multi Brands Dealers
  • OEM Certified Dealerships
  • Online Portal
  • Private Equity and Venture Capitalist
  • Industry Associations
  • OEM Manufacturers
  • Automotive Manufacturers
  • Car Auction Companies
  • Car manufacturing Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

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Companies Covered:

Online Companies Covered:

  • Aramisauto
  • Autoscout24
  • La Centrale
  • Paru Vendu
  • Leboncoin
  • BYmyCAR
  • Auto-selection

 Offline Companies Covered:

  • Emil Frey France
  • Geudet
  • BYmyCAR
  • Bernard Automobiles
  • Car Avenue
  • Maurin
  • Jean Rouyer Automobiles

Key Topics Covered in the Report

  • Introduction to France Used Car Market
  • France Used Car Market Size, 2017-2022
  • France Used Car Market Segmentation
  • Trends and Developments in France Used Car Market
  • Issues and Challenges in France Used Car Market
  • Used Car Market Supply Chain
  • France Used Car Auction Market
  • Online Comparative Landscape in France Used Car Market
  • Offline Comparative Landscape in France Used Car Market
  • Government Regulations in France Used Car Market
  • Business Model in Online Used Car /Market
  • Working Model in France Used Car Market
  • Case Study- Dutch Renault Dealer Group- How To Sell Off The Old Stock In The Inventory?
  • France Used Car Market Future Outlook and Projections, 2023-2027F
  • Analyst Recommendation for France Used Car Market

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Future Outlook of France Used Cars Market

Related Reports by Ken Research: -

Saudi Arabia Used Car Market Outlook to 2026F

Egypt Used Car Market Outlook to 2026

France Remittance Market Analysis, Revenue, Share, Growth Rate: Ken Research

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France Remittance Market Ecosystem

France Remittance Market is in the growing stage and is fragmented with the manifestation of small, medium and large corporations.

Key Market Findings:

  • The France market is moderately concentrated with the majority of the market being captured by MTOs (Money Transfer Operators) & Banks
  • In terms of volume of transactions, the inbound remittance is expected to register a CAGR close to ~%.
  • France’s remittance corridor with Asia accounted for the highest share in the remittance market of the region in terms of the remittance transaction value.

France Remittance Market

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Increase in Migration: The market has been fostered by increasing migration, growing government support for fresh competitors, developed banking knowledge and positive growth awareness towards the digitalized remittance services in the space. In the coming years, the players would be increasing through the acquisitions, tie-ups between companies and acceptance of digital modes of money transfer and effective growth to the payout networks around and outside Europe.

Smartphone Penetration: The significant increment in the smartphone penetration, combined with growing amount of the digital-savvy consumers choosing for the digital remittances, is predicted to propel the market over the review duration. Additionally, the growing internet penetration has allowed the consumer to access the financial remittance services.

Introduction of Biometrics: The technology of biometrics is playing important role in the remittance market as this technology is considered highly effective and efficient because of unique process. In the recent trend, financial institutions across the globe is adopting this technology to authenticate customers accessing their facilities more effectively and significantly. This technology in banking and financial services can facilitate numerous offers to the solution by identifying the customers through their fingerprint scanning or retina scanning as these two things never be same or matched with another person.

Analysts at Ken Research in their latest publication France Remittance Market Outlook to 2027F - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors” provides a comprehensive analysis of France’s Remittance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the transaction value and volume. The report covers aspects such as market segmentation (by channels used and by top flow corridors) and a descriptive snapshot on the Bill Payments Market in France.

Key Segments Covered in the report: -

France Remittance Market

By Inbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

  • Banking channels
  • MTOs
  • M-Wallets
  • Others

On the Basis of Inflow Countries (By Value of Transactions)

  • Italy
  • Poland
  • Portugal
  • Romania
  • United Kingdom
  • Other EU-28 Countries

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By Outbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

  • Banking channels
  • MTOs
  • M-Wallets
  • Others

On the Basis of Outflow Countries (By Value of Transactions)

  • Germany
  • Spain
  • France
  • Italy
  • United Kingdom
  • Other EU-28 Countries

By Point of Contact (By Volume)

  • Branch Pick-up
  • Mobile Payment & Online Transactions
  • Prepaid Cards

By Flow Corridors (By Volume)

  • Asia
  • North Africa
  • South America
  • Central & South Africa
  • Non-EU Countries
  • North America
  • Central America
  • Near & Middle East
  • Oceania

Key Target Audience

  • Banks
  • Money Transfer Operators
  • M-Wallet Companies
  • Hawalas
  • Convenience and Retail Stores
  • Supermarket Chains
  • Bills and Payments Companies
  • Investors & Venture Capital Firms
  • Government Bodies

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

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Companies Covered:

  • HSBC Bank
  • Lloyds Bank
  • BNP Paribas
  • Barclays Plc
  • Deutsche Bank
  • Bank of China
  • Credit Agricole
  • BBVA Dinero Express
  • Unicredit Banca
  • Western Union
  • Money Gram
  • Ria Money Transfer
  • Transferwise
  • UAE Exchange
  • World Remit
  • Metro Remittance
  • Azimo
  • RemitGuru
  • Xoom by Paypal
  • Skrill
  • Neteller
  • Postbank
  • La Poste and PosteItaliane

Key Topics Covered in the Report

Market Ecosystem
Market Overview
Market Size on the Basis of Transaction Value
Market Size on the Basis of Transaction Volume
Market Size on the Basis of Average Transaction Size
Market Segmentation by Remittance Channels (Volume of Transactions)
Outbound Remittance Market Segmentation by Remittance Channels (Volume of Transactions)
Inbound Remittance Market Segmentation by Remittance Receiving Countries (Value of Transactions)
Outbound Remittance Market Segmentation by Remittance Sending Countries (Value of Transactions)
Inbound Remittance Market Segmentation by Point of Contact (Volume of Transactions)
Market Segmentation by Top Flow Corridors (Value of Transactions)
Snapshots of France Payments Market
Regulatory Landscape in France Remittance Market
Decision-Making Process and Pain points in France Remittance Market
SWOT Analysis in France Remittance Market
Competition Scenario in France Remittance Market
Strengths and Weaknesses of Major Players in France Remittance Market
Company Profile of Major Players
Future Outlook and Projections
Analyst Recommendations

For More Insights On Market Intelligence, Refer To The Link Below: -

Future Outlook of France Remittance Market

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Belgium Agriculture Machinery Market size is expected to grow at a CAGR of ~% owning to increasing innovation in agriculture sector, integration of Agriculture 4.0 and use of smart farming: Ken Research

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Belgium Agriculture Machinery Market Ecosystem

Belgium Agriculture Machinery Market is a moderately consolidated market which is still in the growing phase. With increasing innovation in the agriculture sector, integration of Agriculture 4.0 and the use of smart farming are some of the factors that will drive the Belgium Agriculture Machinery Market. Some of the major players in the Belgium Agriculture Machinery Market are MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere etc.

Key Market Findings:-

  • With the growing demand for agricultural commodities and an increasing number of government subsidiaries for purchasing agricultural equipment are contributing to the Belgium agriculture machinery market growth.
  • With the adoption of new technology, agriculture 4.0 and the adoption of smart farming is fueling the growth of Belgium's agriculture machinery market.

Belgium Agriculture Machinery Market

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Smart Farming: To increase production and efficiency, farmers have begun implementing some of the most significant high-tech farming and agricultural practices and technology. For instance, many farmers are installing sensors in their fields to enable them to receive detailed maps of the area's resources and geography as well as information on factors like soil temperature and acidity. Additionally, they have access to information on predicted weather patterns and the climate for the upcoming days and weeks. Farmers are also using their cell phones to collect data and statistics on the production and feeding of their livestock as well as to remotely monitor their crops, livestock, and equipment. This Smart farming will increase the growth of the agriculture machinery market in Belgium.

Integration of Agriculture 4.0: Agriculture 4.0 refers to the rising focus on adopting precision agriculture, the Internet of Things, Artificial Intelligence (AI), and big data to increase the efficiency of farming. Agriculture 4.0 is the integration of precision farming actions in the agricultural sector that are based on precise and accurate analysis of data and information that are collected through advanced tools and technologies. The use of Agriculture 4.0 in Belgium's agriculture market which includes systems that employ drones, robotics, vertical farms, artificial intelligence, and solar energy, among others will enable farmers and companies to Integrate digital technology into farming practices which will increase their yields, reduce costs associated with farming, minimize crop damage and optimize usage of fertilizers, water, and fuels. This is also expected to reduce costs and provide high-quality food which will lead to growth in Belgium's agriculture machinery market.
Increasing Innovation: The development of cutting-edge technologies is leading to a wide range of notable applications, including crop health monitoring, crop productivity analysis, soil nutrition management, rainfall monitoring, and pest infestation monitoring, which is opening up numerous opportunities for farmers, consumers, and other stakeholders to increase crop yield and quality. The development of decision support tools, remote monitoring and fertilizing systems, and automated irrigation systems as a result of increased research and development efforts is assisting businesses in reducing costs and maximizing employee productivity. Further drawing significant attention and investment, these cutting-edge technologies have the potential to increase food production while reducing environmental harm.

Analysts at Ken Research in their latest publication Belgium Agriculture Machinery Market Outlook to 2027F – Segmented by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplants (By Rows: 4Row, 6Row and 8Row)” observed the potential of the agriculture machinery Market in Belgium. With the rising awareness of advance equipment, increasing demand for agriculture equipment rental services, use of smart farming, and integration of Agriculture 4.0 along with strong government support are expected to contribute to the market growth over the forecast period. The Belgium Agriculture Machinery Market is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered: -

Belgium Agriculture Machinery Market:

By Product, 2022P & 2027F:

  • Tractors (2 Wheel and 4 Wheel)
  • Combine Harvesters
  • Agriculture Implements
  • Rice Transplanters

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By Tractors, 2022P & 2027F:

  • 8HP – 15HP
  • 20HP – 35HP
  • 36HP – 47HP
  • 48HP – 75HP
  • 75HP – 100HP
  • 100HP – 120HP
  • Above 120HP

By Combine Harvesters, 2022P & 2027F:

  • 70HP and Below
  • 75HP – 105HP
  • Above 105 HP

By Rice Transplanters, 2022P & 2027F:

  • 4 Row RT
  • 6 Row RT
  • 8 Row RT

Key Target Audience

  • Existing Agricultural Machinery Companies
  • New Market Entrants - Domestic OEMs
  • New Market Entrants - Foreign OEMs
  • Agricultural Machinery Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Agricultural Machinery Manufacturers
  • Agricultural Machinery Distributors
  • Agricultural Machinery Associations

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Time Period Captured in the Report:

  • Historical Year: 2017-2021
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

Companies Covered:

  • MTZ (Minsk Tractor Factory)
  • New Holland
  • ASI
  • Oliver Farm Equipment Company
  • John Deere
  • Kuhn

Key Topics Covered in the Report

  • Ecosystem of Belgium Agriculture Machinery Market
  • Business Cycle, Timeline, and Value Chain Analysis of the Agriculture Machinery market in Belgium
  • Belgium Agriculture Machinery Market Sizing, 2017- 2022P
  • Market Segmentations of Belgium Agriculture Machinery Market by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)
  • SWOT Analysis of Belgium Agriculture Machinery Market
  • Growth Drivers of Belgium Agriculture Machinery Market
  • Government regulations of Belgium Agriculture Machinery Market
  • Government Incentives and Policies Agriculture machinery in Belgium
  • Trends and Developments of Belgium Agriculture Machinery Market
  • Challenges of Belgium Agriculture Machinery Market
  • Competitive Analysis of Agriculture Machinery Market in Belgium
  • End User Analysis of Agriculture Machinery Market in Belgium
  • Future Outlook and Projections of Agriculture Machinery Market in Belgium, 2022P-2027F
  • Market Opportunities and Analyst Recommendations

For more insights on market intelligence, refer to the link below: -

Future Outlook of Belgium Agriculture Machinery Market

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Thailand Agricultural Machinery Market Outlook to 2025

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The data center industry is evolving in Kenya with the development of largest hyper-cloud ready campus of East Africa’s in Nairobi

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  1. COVID-19 has accelerated the usage of data resulting in increased demand for internet facilities as well as storage capacities.

Kenya Data Center Market

There was sudden boost in online communication platforms like Zoom, Skype, FaceTime and Google Hangouts because people spend more time at home to avoid the spread of coronavirus. As many employees have started working from home, cloud services have become essential to ensuring they can access their work materials remotely. The convenience and security of cloud services have increased their popularity immensely. During the pandemic, as people spend more time cooped up at home, they have turned to online music and video streaming services for entertainment. This further increased the growth of Data Center Market post COVID.

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  1. Shifts in creative media content towards content delivery networks, cloud services, AI and the roll out of 5G are driving the demand for data consumptions

Kenya Data Center Market

Additional data consumption will be considerably supported by shifts in creative media content toward Video Delivery Networks (CDN), such as YouTube, Netflix, Amazon Prime, and gaming solutions, as well as the anticipated move to 4K and 8K content. Using wireless connectivity with medical devices like blood pressure cuffs enables artificial intelligence to enable speech recognition, decision-making, and language translation in addition to these other capabilities. Businesses of all sizes will increasingly adopt cloud-based services as the standard. While business is moving quickly to the cloud, this is likely to be hindered by hybrid IT solutions that combine cloud, colocation, and on-premises solutions to provide cost-effective IT solutions.

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  1. Demand for BFSI and IT sector in Kenya is driven by local and international businesses’ with growing adoption of cloud-based services, and rising data usage.

Kenya Data Center Market

Data center networks provide secure, stable, and high-quality connections to accelerate digital transformation, simplify the customer journey, and improve digital operational efficiency at banks and financial service companies. With the advent of mobile money and integration with the formal banking systems, the number of Kenyans with access to electronic financial services has grown rapidly. Online transaction has been used to offer medical insurance, microloans, transfer money to a pre-paid credit cards and others. Thus, benefit in overall growth of Data Center Market in Kenya.

  1. Due to the presence of 19 DC facilities, the Kenyan data center market is anticipated to earn more than $ 100.0 Mn in revenue by the end of 2027F.

Kenya Data Center Market

Atos and other multinational IT service providers intend to build data centers at the Mwale Medical and Technology City (MMTC) in Butere, Kenya. Large AI clusters are being built for healthcare and agriculture, which will open up opportunities for Kenyan engineers and businesspeople in the data center sector. In the upcoming years, new players will significantly accelerate market expansion by meeting the demands of regional businesses and cloud service providers. Additionally, due to a readiness to make payments online or through a mobile money account, e-commerce has a lot of potential in Kenya.

For more insights on the market intelligence, refer to the link below: -

Kenya Data Center Market Outlook to 2027F: Ken Research

Malaysia Clinical Lab Market is expected to grow at a CAGR of 13.6% in the forecasted period of 2022P-2027F: Ken Research

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The COVID-19 pandemic has accelerated Government adoption of plans to implement the digitization of healthcare and the use of technology to store, share, and analyze healthcare information.

COVID-19 Pandemic Accelerated Demand for Hospitals and Clinical Labs: COVID-19 pandemic had a lot to do with the increased demand for hospitals. The shortage of hospitals led to the establishment of makeshift clinics and health centers around the world, and a similar situation had been found in Malaysia. The pandemic had shown the inability of various countries, including Malaysia, to cope with the pandemic situation, thereby increasing the need for hospital construction, further supporting the growth of the market in forthcoming years.

Genetic Testing: Growing interest in genetic testing is also driving the market. Genetic testing helps patients make important decisions about treatment and early detection of genetic problems. The high prevalence of refractory diseases in Malaysia, coupled with growing awareness of the importance of early diagnosis and accuracy of laboratory analysis, has led to an increase in patient visits to diagnostic laboratories for testing.

Adoption of Digital Pathology: Increased adoption of digital pathology has further increased the demand for clinical laboratory services. High prevalence of infectious diseases across Malaysia and growing awareness of early and accurate diagnosis are expected to drive the expansion of the clinical laboratory services market.

Government Initiatives: Investment by the government in multiple sectors and “My Health” by MOH are the government initiatives taken for the healthcare sector in Malaysia. A-Bio has raised a major revenue in funding at Clinipath Malaysia Sdn. Bhd. (Clinipass), promoting the digitalization of the medical industry in Malaysia.

Malaysia Clinical Lab Market

Analysts at Ken Research in their latest publication Malaysia Clinical Lab Market Outlook to 2027F- Medical tourism and government investment is driving the future of healthcare and clinical Tests in Malaysia” by Ken Research observed that Malaysia clinical lab market is in the growing phase. Growing medical infrastructure, increasing number of hospitals, and medical tourism are some of the factors that will contribute to Malaysia clinical lab market growth.

It is expected that Malaysia’s clinical lab market to grow at a robust CAGR for the period of 2022P-2027F.

Key Segments Covered

Malaysia Clinical Lab Market:

  • By Type of Lab
  • Organized Labs
  • Unorganized Labs
  • By Type of Ownership
  • Private
  • Public
  • By Mode of Tests
  • Walk-Ins
  • Doctor Referrals
  • Corporate Clients
  • Online Referrals
  • External referrals
  • By Type of Tests
  • Routine
  • Esoteric
  • Non-Laboratory
  • By Patient’s Age
  • 0-20
  • 20-40
  • 40-60
  • 60 and above

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  • By Region
  • West Malaysia
  • East Malaysia
  • By Payer
  • Out of pocket
  • Government
  • Private insurance
  • Corporates

Key Target Audience

  • Clinical Lab companies
  • Organized Clinical Laboratories
  • Unorganized Clinical Laboratories
  • Private Hospitals
  • Private Equity and Venture Capitalist
  • Industry Associations
  • Technology providers
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

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Companies Covered:

Diagnostics centers

  • BP Leader in Health Check
  • Pantai Premier Pathology
  • Gribbles
  • Lablink Medical Lab
  • Clinipath
  • Pathlab
  • Innoquest

Hospitals

  • Sunway Medical Centre
  • KPJ healthcare
  • Park City medical centre
  • Gleneagles Hospital
  • PANTAI Hospital

Online Healthcare Apps

  • Doctor2U medical Portal
  • Bookdoc Connect and Unite
  • Doctor Anywhere
  • Doc2US
  • Docquity

Key Topics Covered in the Report

  • Executive summary for Malaysia clinical lab market
  • Country Overview of Malaysia
  • Ecosystem of major entities in Business model of Malaysia clinical lab market 
  • Timeline of major operating in the Malaysia clinical lab market
  • Cross comparison of clinical laboratories market in Malaysia with south-east Asia
  • Malaysia Clinical Lab Market
  • Value chain analysis of clinical lab market
  • Malaysian healthcare system
  • Market overview of Malaysia healthcare market
  • Malaysia Clinical Lab Market Size, FY’2017-FY'2022P
  • Malaysia Clinical Lab Market Segmentation, FY'2022P
  • Segmentation by type of labs and ownership, region and by type of test, by patient age, mode of test, by payer
  • Industry Analysis
  • SWOT analysis of Malaysia clinical lab market
  • Trends and development in Malaysia clinical lab market
  • Growth driver in Malaysia clinical lab market
  • Technological innovation in Malaysia clinical lab market
  • Investment scenario in Malaysia clinical lab market
  • Issues and challenges in Malaysia clinical lab market
  • Government initiatives
  • Impact of covid-19 on Malaysia clinical lab market
  • Competitive Landscape of Malaysia Clinical Lab Market
  • Market Share of Major Players in Malaysia Clinical Lab Market
  • Market Positioning of Major Players in Malaysia Clinical Lab Market
  • Gartner Magic Quadrant
  • Cross-Comparison of Major Players in Malaysia Clinical Lab Market
  • Future Outlook for Market Size and Segmentation, FY’22P-FY’27F

For more information on the research report, refer to below link:

Malaysia Clinical Lab Market Outlook to 2027F: Ken Research

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Philippines Clinical Lab Market Outlook to 2027F

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Tuesday, January 10, 2023

Vietnam Solar PV Equipment Market is in the Growing Stage Owing to Government initiatives and Technological Improvements & Reduced Costs: Ken Research

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A strong indicator of growth in the solar PV market is the increasing awareness and rising concerns about climate change, sustainability and renewable energy pushed the demand for solar power and its equipment.

Government’s Commitment to Energy Security: The Vietnamese government has provided social security and trust to its people for using green energy like Solar PV through its FiT programs. Delays in new coal and other power projects amid rising electricity demand have reflected the priority of government in switching to cleaner & greener sources like Solar PV.

Public demand for environmental protection: Serious air pollution and climate related concerns in urban areas has triggered public opposition to switch to cleaner energy sources like Solar PV.  With favorable conditions for RTS, many households have also started to switch to Solar PV for their self-consumption.

Power Development Plan VIII: With the revised decision of the Power Development Plan VIII, the Vietnam Government has identified renewables like Solar PV, Wind and others as its highest priority sector for generating power in the country, which eventually helped the country to meet the set zero emission target.

Geographical Presence: Vietnam as a country is blessed with generous amount of sunshine with roughly 2000-2500 hours of annual sunlight, which makes it an ideal region for using solar power in meeting its power needs. Within the country, the southern part is more viable and potential for solar generation by the geographical landscape as well as the economical point of view.

Rising Solar PV Installed Capacity: Solar PV Equipment Market in Vietnam registered a robust CAGR in between 2017 and 2022P.The surging growth is attributed to the government's Feed-in-Tariffs and tax related incentives arising from concerns on climate change. With the FiT Phase I being introduced to the public, developers increased their installed capacity of solar power massively from just 100MW in 2017 to 4900MW by 2019.The Total Solar PV Installed Capacity in the country also grew from just a 100MW in 2017 to more than 18000 in 2022P.

Analysts at Ken Research in their latest publication- Vietnam Solar PV Equipment Market Outlook to 2027 - Driven by the regulations and incentives updated by the Government of Vietnam and concerns for climate change by Ken Research provides a comprehensive analysis of the potential of the Vietnam Solar PV Equipment Market. Public demand for environmental protection and the Government's intention to develop solar power generation as a new economic sector are expected to contribute to the market growth over the forecast period. Vietnam Solar PV Equipment Market is expected to grow at a robust CAGR over the forecasted period 2023E-2027E.

vietnam-solar-pv-equipment-market

Key Segments Covered

Segmentation by the Type of Technology:

Monocrystalline

Polycrystalline

Thin film

Segmentation by Region:

South

Central highlands

North

Segmentation by Type of End User:

Commercial

Industrial

Residential

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Segmentation by Type of Mounting

Ground Mounted

Rooftop solar

Segmentation By Type of Connectivity

On Grid

Off Grid

Key Target Audience

Solar PV Module Manufacturers

Solar PV Inverter Companies

EPC/Developers

Power Plant Owners/Utilities

Operation & Maintenance (O&M) Companies

Investor Community

Financing Companies

Government Bodies & Industry Organizations

Other Stakeholders

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Year: 2022P

Forecast Period: 2023E–2027E

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Companies Covered:-

Supply Side Entities

Trina solar

Jasolar

Irex

Boviet solar

Canadian solar

Jinko solar

Longi

Firstsolar
Key Topics Covered in the Report:-

Executive summary

Country overview

Market Overview of Solar PV Equipment Market Vietnam

ASEAN Market Overview

Renewable Energy Market Overview

Ecosystem of Major Players in the Market

Value Chain

Market Size of Solar PV Equipment Market in Vietnam

Market Segmentation of Solar PV Equipment Market in Vietnam, 2022

Segmentation on the Type of Technology, End User, Region, Mounting,     Connectivity

Industry Analysis

Trends & Developments in Vietnam Solar PV Equipment Market

Growth Drivers of Vietnam Solar PV Equipment Market

Government Regulations & Incentives in Vietnam Solar PV Equipment Market

Upcoming Projects & Investments in Vietnam Solar PV Equipment Market

Challenges & Issues Faced in Vietnam Solar PV Equipment Market

Demand Analysis

TAM, SAM, SOM of Vietnam Solar PV Equipment Market

Demand Analysis of Vietnam Solar PV Equipment Market

Competitive Landscape

Competition Overview of Solar PV Equipment market in Vietnam

Market Positioning Analysis

BCG Matrix Analysis of Vietnam Solar PV Equipment Market

Cross Comparison of Top Players

Future Outlook and Projections, 2023E-2027E

Future Market Size of Solar PV Equipment Market in Vietnam on the basis of Revenue and Total Installed Capacity, 2023E-2027E

Future Market Segmentation on the Type of Technology, 2022P-2027E

Future Market Segmentation on the Type of End User, 2022P-2027E

Future Market Segmentation on the Type of Region, 2022P-2027E

Future Market Segmentation on the Type of Mounting, 2022P-2027E

Future Market Segmentation on the Type of Connectivity, 2022P-2027E

Case Study: LONGi Solar

Analyst Recommendations

Industry Speaks

Research Methodology

Disclaimer

Contact Us

For more insights on the market intelligence, refer to below link:-

Vietnam Solar PV Equipment Market

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