Global Extended Reality Display Market expected to record a CAGR of ~25% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Extended Reality Display Industry?

Global Extended Reality Display market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 100 Bn by 2028.

The Extended Reality Display Market is largely driven by rising adoption of extended reality devices in the healthcare sector.

Extended reality devices are widely used in the healthcare sector by surgeons to detect every aspect of the human body, which helps them to see complex body structures easily during surgeries.

Extended reality technology also helps medical practitioners to memorize information regarding human body parts such as the brain and heart more easily.

The excessive use of extended reality devices has many health issues as many users have reported that they have experienced several issues like headaches, eyestrain, dizziness, and nausea after using extended reality devices.

Since Covid-19 Pandemic, the use of XR Technology is widely increasing such as for Learning, Training, and Treatment purposes as it encourages students, teachers, and professors to learn and educate using augmented reality, virtual reality, and mixed reality labs due to the lack of offline interaction due to government norms and lockdowns worldwide.

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Global Extended Reality Display Market By Solution

The Global Extended Reality Display market is segmented by Solution into Consumer Engagement and Business Engagement.

The consumer engagement segment by solution held the largest market share in 2022 in the global extended reality display market.

Customer engagement is the process of interacting with customers through different channels to develop and strengthen a relationship with them. It is a strategy used by companies to add value throughout every client encounter and boost loyalty.

In February 2019, Warby Parker, which is an American online retailer of prescription glasses, contact lenses, and sunglasses, offers an augmented reality (AR) try-on under which customers are able to test Glasses virtually using their mobile phones. Furthermore, there are going to be no delivery charges on multiple orders for new customers.

Global Extended Reality Display Market By Application

The Global Extended Reality Display market is segmented by Application into Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR).

The Virtual Reality (VR) segment by application held the largest market share in 2022 in the global extended reality display market.

Virtual Reality is creating a digital world using computer technology to access that digital world users use various VR devices such as VR headsets, haptic gloves, feedback controllers, and more.

In addition, teachers in a variety of educational centers are now focusing on virtual reality technology for providing better teaching such as 3D teaching models. VR, technology is less expensive, also more engaging, and visually appealing for students.

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Global Extended Reality Display Market By End-User

The Global Extended Reality Display market is segmented by End-user into Retail, Education, Industrial & Manufacturing, Healthcare, Media & Entertainment, Gaming, Aerospace & Defense and Others.

The Gaming segment is projected to be the fastest growing market during the forecast period owing to the increasing adoption of immersive technologies in the gaming industry, along with the rising investment by key players.

In January 2022, Microsoft acquired Activision Blizzard, which is the leader in gaming development and interactive entertainment content publisher. The acquisition will help the company to accelerate growth in the gaming business such as more games for the Microsoft Xbox series (Xbox is a gaming console launched by Microsoft).

Global Extended Reality Display Market By Geography

The Global Extended Reality Display market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America is estimated to be the dominant among all regions within the total global extended reality display market, however Asia Pacific is likely to be the fastest growing region during the forecast period.

The extended reality market in North America is expected to dominate for the forecast period, mostly because of the existence of several suppliers that have made considerable investments in market innovations. The marketplaces for augmented reality (AR), virtual reality (VR), and mixed reality (MR) have been among the most inventive in nations like the US.

In August 2022, Microsoft Inc. launched its wrist-mounted VR controller, which has haptic technology. The controller will be synced with the pointer in the screen thus the user is able to feel the actions on the screen.

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Key Topics Covered in the Report

• Snapshot of the Global Extended Reality Display Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Extended Reality Display Market
• Historic Growth of the Overall Global Extended Reality Display Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Extended Reality Display Industry
• Overview, Solution Offerings, and Strengths & Weaknesses
• COVID-19 Impact on the Overall Global Extended Reality Display Market
• Future Market Forecast and Growth Rates of the Total Global Extended Reality Display Market and by Segments
• Market Size of End-user Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Extended Reality Display Market
• 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

Notable Key Players Mentioned in the Report

• Qualcomm Technologies Inc.
• Magic Leap
• Google
• Meta
• HP Development Company, L.P
• SoftServe Inc.
• Sony Interactive Entertainment LLC
• Accenture
• Apple Inc.
• Northern Digital Inc.

Notable Emerging Companies Mentioned in the Report

• QuaQua
• CXR
• TreeView
• Lucid Reality Labs
• FFFACE.ME

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

• Extended Reality Display Manufacturers
• Government Ministries of Health and Family Welfare
• Extended Reality Display Industry Association
• Extended Reality Display Companies
• Financial Institutions Targeting Extended Reality Display Industry
• Government Ministries and Departments of Information Technology
• Investors and financial community professionals
• PE and VC Firms focused on Information Technology Sector

Time Period Captured in the Report

• Historical Period: 2017-202
• Forecast Period: 2022E-2028F

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

Global Extended Reality Display Market

Global Hospital Bed market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 6 Bn by 2028 – Ken Research

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What is the Size of Global Hospital Bed Industry?

The Hospital Bed Market is largely driven by surging chronic diseases such as cancer, diabetes, stroke, and other infectious viruses.

According to World Health Organization, nearly 10 million deaths in 2020 were caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. Globally, more than two third of all death are occurred due to one or more of these five chronic diseases including heart disease, cancer, stroke, diabetes, and chronic obstructive pulmonary diseases. The increasing number of cases and deaths due to chronic diseases worldwide is likely to fuel the growth of the hospital bed market.

Higher costs of advanced hospital beds are likely to hamper the growth of the market. GoodRx Health, an online health resource company stated that a new hospital bed can cost in the range of US$ 500 to more than US$ 5000, depending on the features. Manual hospital beds are less costly and have a hand crank to change their heights and angle.

COVID-19 has helped in the growth of the hospital bed market. Individuals diagnosed with COVID-19, required emergency care and receive medication at a hospital, thus creating the need for hospital beds.  More than half of the world’s intensive care units (ICUs) have been occupied by individuals diagnosed with COVID-19, which further prompted hospitals to add more hospital beds into their facilities to cater to the patients.

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Global Hospital Bed Market By Type

The Global Hospital Bed market is segmented by Type into Acute Care, Long Term Care, Bariatric Care and Others.

Acute care segment held the largest market share of the Global Hospital Bed Market in 2022, owing to the increasing number of regular doctor consultations, and checkups.

In acute care, the patient is treated for short-term or brief diseases, trauma, and recovery during the surgery. Acute care is provided by multiple clinical personnel using technical equipment, pharmaceuticals, and medical supplies.

According to the Connecticut Public Health Association, an affiliated association of the American Public Health Association, stated that an acute care hospital is defined as a short-term hospital that has facilities, medical staff, and all necessary equipment.

Global Hospital Bed Market By Power

The Global Hospital Bed market is segmented by Power into Electric, Semi Electric and Manual.

The electric power segment accounted for the largest market share in 2022, owing to the upgradation in hospital bed technology, and the rising prevalence of acute diseases.

A fully electric bed has specialized features both for the comfort and well-being of the patients and for the convenience of health caregivers.

Presence of leading companies operating in full electric hospital beds, like Hillroom, Paramount, Amico, and others, is expected to catalyze the expansion of this market.

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Key Topics Covered in the Report

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

Major Players Mentioned in the Report

• Stryker
• Hill-Rom Holdings, Inc.
• Getinge AB
• Invacare Corporation
• Paramount Bed Co Ltd
• Medline Industries LP
• Linet spol s.r.o
• Stiegelmeyer GmbH & Co. KG
• Malvestio Spa
• Amico Corporation

Notable Emerging Companies Mentioned in the Report

• DiaMedical USA
• Vital Mobility Medical Supplies Inc.
• Westin Healthcare Inc
• Hengshui Hengzekang Medical Equipment Co., Ltd.
• Satcon Medical

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

• Hospital Bed Manufacturing Companies
• Electric Bed Component Suppliers
• Medical Bed Manufacturers
• Nursing Bed Manufacturers
• Clinics and Hospitals Bed Suppliers
• Consulting Companies in the Healthcare Market
• Investment Banks Targeting Healthcare Industry
• Iron, Steel and Wood Suppliers for Hospital Furniture Companies
• Plastics and Composites Manufacturers
• Industry Association & Regulatory
• PE and VC Firms focused on Healthcare Sector
• Banking and Financial Institutions focused on Healthcare Sector
• Environmental Regulatory Authorities
• Government Ministry of Health Department
• Research and Development Institutes
• Furniture Distributors & Resellers
• Healthcare Start-ups
• Potential Entrants into Hospital Furniture

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 Hospital Beds Market

KSA Health Tech Market Thrives with Over $50 Mn Investment in Healthcare IT Systems and Online Consultations, Serving over 660 Th Patients, What's Next?: Ken Research

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Online Consultation and Healthcare IT Systems Market (Segment of KSA Health Tech Market) are expected to growth at a robust CAGR of 22.5% and 9.0% respectively in next 5 years, says a report by Ken Research.

1. Exploring the Rapid Growth of Online Consultation Market in KSA: Pandemic and High Mobile Internet Penetration Driving Demand

KSA Online Consultation Market GMV and Revenue, 2017-2022: Click Here

Due to the pandemic, medical consultations shifted to online platforms as a replacement for face-to-face consultations. This trend has continued, with e-consultations being used to treat patients from a distance and reduce crowding in healthcare settings. The adoption of telehealth in KSA has been driven by the high penetration of smartphones and the internet among the population, which was 92.4% and 100% in 2022, respectively. Telehealth has also been mandated by the MoH to be covered by healthcare insurance provided by public and private bodies.

2. Recent Market Trends: Fundraising for Patient Journey Improvement, Diabetes Management, and Virtual Hospital Establishment

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3. The Robust Growth of Healthcare IT Solutions Market in KSA: Government Mandates and Benefits Drive Impressive CAGR During 2017-2022

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Global Hard Seltzer market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 18 Bn by 2028 – Ken Research

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What Is The Size Of Global Hard Seltzer Industry?

The Hard Seltzer Market is largely driven by increasing adoption of western culture coupled with rising preference for flavored alcoholic beverages among young consumers.

 Rising consumption of carbonated beverages along with the increasing preference for hard seltzer beverages for their low-calorie and enhanced taste among millennials is likely to propel the growth of the Global Hard Seltzer Market.

The Global Hard Seltzer Market faces challenges due to the stringent regulations laid by governmental bodies on hard seltzer products.

The high custom duties and excise duties limit coupled with tax policies laid on the import and exports of seltzer beverages may hinder the growth of the market.

The COVID-19 pandemic drastically impacted the Hard Seltzer Market owing to the strict lockdown impacted the import and export, the manufacturing process of hard seltzer as well as the limitations on social gatherings in the initial stage have dropped the demand for hard seltzer. In the second stage, the demand for hard seltzer rose significantly as hard seltzer drinks were easily available on e-commerce channels like Drizly, Minibar, and others. Moreover, the outbreak impacted the consumption pattern of alcoholic beverages among consumers and increased the demand for low-calories, low-alcohol-content beverages among consumers, which has benefitted the growth of the Global Hard Seltzer Market.

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Global Hard Seltzer Market By Abv Content

The Global Hard Seltzer market is segmented by ABV Content into ABV Less than 5% and ABV More than 5%. ABV more than 5% segment held the largest share of the Global Hard Seltzer Market by type in 2022, owing to the growing trend of moderation among consumers.

The change in drinking patterns and rising focus on health and wellness along with the increasing number of consumers wanting to cut down on alcohol has boosted the demand for low-alcohol content beverages like hard seltzer, which is anticipated to fuel the demand for the segment in the Global Hard Seltzer Market.

Global Hard Seltzer Market By Flavor

The Global Hard Seltzer market is segmented by Flavor into Lime, Berries, Pineapple, Grapefruit, Orange and Others.

The lime segment accounted for the largest share of the Global Hard Seltzer Market in 2022, attributed to increasing consumer preferences for sour and fruity flavors in alcoholic beverages.

The increasing company focus on the innovation of new flavors including lime flavor hard seltzer in the market to fulfill the demand of consumers coupled with the rising popularity of citrus-flavored hard seltzer like lime among the young population, is anticipated to aid the growth of the segment in the Global Hard Seltzer Market.

Global Hard Seltzer Market By Packaging Type

The Global Hard Seltzer market is segmented by Packaging type into Bottles, Cans and Others.

Cans segment accounted for the largest share of the Global Hard Seltzer Market in 2022, owing to its lightweight and easy-handling packaging?

The increasing preference for less bulky, lighter packaging, and readily recyclable packaging among manufacturers as well as packaging which also saves transportation costs and saves shelf space is anticipated to boost the demand for the segment in the market.

Global Hard Seltzer Market By End-User

The Global Hard Seltzer market is segmented by End-User into Consumers and Commercial.

Consumers segment accounted for the largest share of the Global Hard Seltzer Market in 2022, attributed to the increasing popularity of strong carbonated drinks with low-alcohol content and a variety of flavors.

Rapid urbanization and an upsurge in disposable income, adoption of western culture along with the change in lifestyle and drinking patterns, and rising demand for low-calorie, less sugar alcoholic beverages among consumers, is likely to boost the demand for the segment in the Global Hard Seltzer Market.

Global Hard Seltzer Market By Distribution Channel

The Global Hard Seltzer market is segmented by Distribution Channel into Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores and Others.

Supermarkets/hypermarket segment accounted for the largest share of the Global Hard Seltzer Market in 2022, due to the high customer reach, wide availability of different brands in one place, a large consumer base, and the capacity to hold multiple users simultaneously.

The availability of different flavors and brands of hard seltzer in supermarkets or hypermarkets along with the increasing preference of consumers to shop for hard seltzer in supermarkets due to huge discounts and offers is likely to propel the growth of the segment in the market.

Global Hard Seltzer Market By Geography

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

North America region accounted for the largest share of the Global Hard Seltzer Market in 2022, owing to the rising consumer awareness regarding hard seltzer and the presence of major brands in the region.

Easy availability of international brands of hard seltzer in the region coupled with the increasing number of manufacturers promoting their products and introducing new products in the market, is expected to augment the growth of the region in the Hard Seltzer Market.

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Key Topics Covered in the Report

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

Major Companies Mentioned in the Report

• Anheuser-Busch InBev
• White Claw Seltzer
• The Boston Beer Company
• San Juan Seltzer
• Hard Seltzer Beverage Company, LLC
• BON V!V
• THE SMIRNOFF CO.
• Blitz-Weinhard Brewing Company
• Molson Coors Beverage Company
• Corona Seltzer

Notable Emerging Companies Mentioned in the Report

• Heineken
• Pursue Hard Seltzer
• Sonic Hard Beverages
• The Coca-Cola Company
• Mode

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

• Hard Seltzer Producers
• Spiked Seltzer Producers
• Alcoholic Beverages Manufacturers
• Hard Sparkling Water Manufacturers
• Alcoholic Beverages Companies
• Carbonated Drinks Companies
• Suppliers of Packaging Materials (Suppliers of Bottles, Corks)
• Food Regulatory Authorities
• Alcoholic Beverages Regulatory Authorities
• Government Ministries and Departments of Alcoholic Beverages
• Investment Banks and PE Firms Focused on Alcoholic Beverages Industry
• Potential Entrants into Alcoholic Beverages Industry
• Beverages Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Alcoholic Beverages Sector
• Investors in Hard Seltzer Start-ups
• Investors in Alcoholic Beverages Start-ups
• Environmental Regulatory Bodies
• Packaging Equipment Manufacturers
• Government & Food Safety Regulations
• Caffeine Producers
• Sweetener Producers
• F&B Marketing Agencies
• Government Departments for Food Standards

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 Hard Seltzer Market

How increasing labor costs is paving way for the Agricultural Equipment Market to flourish in Australia by 2026?: Ken Research

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The Australian agricultural equipment market is expected to grow at a steady rate during 2021 and 2026. The agricultural equipment industry in Australia is currently driven by the drastic decline in the population involved in farming and agriculture and increasing labor costs. This has led to an increase in mechanization across the agricultural industry, which in turn is anticipated to generate lucrative opportunities for sector growth by 2026.

Here is an overview of how increasing labor costs is paving way for the Agricultural Equipment Market to flourish in Australia in the coming years.

1. Australia is a self-sustainable country in food production with 239,000 workers employed in agriculture in 2021

2. Due to increasing labor costs in Australia, farmers and farm owners are looking for alternative options which are mechanization and automation in the production process

3. High cost of purchase and Warranty and Repair related concerns are the major challenges in the Australia Agriculture Equipment industry

4. To curb the issues, the Australian Government provides concessions and credit loans to farmers to assist them in the purchase and maintenance of agricultural equipment in Australia

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5. Also, the rise of online physical-digital channels of purchase and increasing mechanization will intact the growth story of the Australian equipment industry in the coming years

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Australia Agricultural Equipment Market

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Germany Agricultural Equipment Market Outlook to 2027F

Indian Used Agricultural Equipment Market Outlook to 2026

Thailand Medical Devices Market is expected to generate a revenue of more than $ 7 Bn by 2026– IoMT Technology to act as a catalyst for market growth

 The Thailand market is dominated by imports of medical devices which make in-house production a key advantage for any local or international player, as per a report by Ken Research

1.Key Challenges for Local Manufacturers in Thailand Medical Device Market that needs to be addressed

Other Challenges in Medical Device Industry  

• Inadequate Ecosystem Support: A major challenge for players in most segments/sub-segments is that a large part of the component supply chain is imported.
• As the market has been majorly dependent upon imports, the scope for ‘local innovation’ has been limited.
• Absence of indigenous ‘quality certification’ authority.
• High cost of financing: The industry is capital intensive, thereby increasing the financial burden for players planning to set up manufacturing facilities in the Thailand.

2.Increasing Disease Burden of Chronic Diseases and Growing Medical Tourism are 2 of the strong growth drivers for the industry.

                                      

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The four main NCDs - cancer, cardiovascular diseases, diabetes and chronic obstructive pulmonary disease (COPD) - claim 400K lives annually or more than 1K lives every day, and are responsible for 74% of all deaths in the country.

The number of patients has been forecasted to rise around 1.5 times in 2030. These would increase demand for modern, hi-tech medical equipment, especially for diagnostic purposes.

Foreign tourism and was rising about 3.5% annually, serving clients largely from America, Europe and the Middle East. The increasing medical tourist flow will drive the demand for quality healthcare services, medical devices and technology.

3.Technology Trends in the Medical Device Market- Internet of Medical Things (IoMT) plays a cruicial role.

                                        

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Internet of Medical Things (IoMT) Ecosystem provides for

• Improved patient outcomes
• Improved diagnostic & treatment
• Decreased costs
• Remote monitoring of chronic diseases
• Improved disease management
• Enhanced patient experience

Robotics have been incorporated in the manufacturing of medical devices as it improves efficiency and quality of operations.

 Collaboration between healthcare providers and MedTech is key to the effective deployment of the connected ecosystem.

Predictive analytics models using ‘Big Data’ can improve the quality of care and patient outcomes, as well as help physicians gain useful insights.

With government policies & regulations in place, massive investment inflow alongside a growth rate of 11% is being anticipated for Africa’s Data Center & Cloud Services Market. Are Policy Reforms the way ahead? : Ken Research

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Africa’s Data Center & Cloud Services market is experiencing a series of Government policies & reforms with companies anticipated to expand their market share in the upcoming years, says a report by Ken Research

1. Government to unlock investment potential:” By introducing policies that will regulate & strengthen the data & cloud services infrastructure, the African government is opening doors for a massive investment influx.

To Know African Data Center Market Infrastructure

Increase in government support has rendered the African Data Center industry a huge opportunity in terms of opening its doors for future investment possibilities. There has been a particular increase in data centric government policies such as protection of personal information act. These policies are designed to ensure that data is handled securely & responsibly. To further support the growth of data-driven businesses, the South African government has launched the Data-driven Economy Program, which provides funding to help businesses adopt data-driven strategies. All in all, the data-focused initiatives have enabled the government to increase efficiency, improve transparency, and better understand its citizens’ needs.

2. Future possibilities to be immense when it comes to the potential government initiatives in the African Data Center Market

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The African government is anticipated to open the level playing field for new entrants as well as existing ones in the data center market while improving the infrastructure. Factors such as promotion and improving the ease of doing business within the continent to encourage the deployment of data centers and cloud services within Africa and the collaboration and support in the mobilization of funds and resources from development partners and investment community into the deployment and operations of data centers and cloud services in Africa are poised to improve the African Data center & cloud services market in the upcoming years resulting in a growth rate of 11% during the forecasted period.

Time Period Captured in the Report:

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

Key Target Audience:

• Hospital
• ASC
• Consulting service Providers
• Government
• IT Service providers

Companies Covered:

• Interkel
• NTT Global Data Center
• African data Centers
• Paratus Namibia
• MainOne
• IX Africa
• Icolo

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

Africa Data Centre & Cloud Services Market

Related Reports by Ken Research: –

Thailand Data Center & Cloud Services Market Outlook 2027

KSA Data Center & Cloud Services Market Outlook 2026

Global Medical Polymer Market expected to record a CAGR of ~9% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Medical Polymer Industry?

Global Medical Polymer market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 25 Bn by 2028.

The Medical Polymer Market is largely driven by growing chronic diseases, rising number of patients worldwide, and surging healthcare infrastructure by government active participation and investments.

The medical polymer market is driven by surging chronic diseases such as cancer, diabetes, stroke, and other infectious viruses. According to World Health Organization, stated that nearly 10 million deaths in 2020 are caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. The increasing number of cases due to chronic diseases worldwide, enforcing governments and players to upgrade technology via medical devices or surgeries to cure the disease, which is likely to benefit the medical polymer market.

COVID-19 has helped in the growth of the medical polymer market. Since the start of the pandemic, the requirement for medicines and other medical products has been rising, it requires special packaging, which helped the medical polymer market to accelerate. As the pandemic is slowing down, it is estimated that the medical polymer market remains significant in the forecasted period, owing to the growing medical conditions and surgeries worldwide.

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Global Medical Polymer Market By Product Type

The Global Medical Polymer market is segmented by Product type into Fibers & Resins, Medical Elastomers, Biodegradable Polymers and Others.

Fibers & resins segment held the largest market share of the global medical polymer market in 2022, owing to its extensive usage in various applications.

Fibers & resins include multiple sub-segments including polypropylene, polyethylene, polystyrene, and others. Polycarbonate polymer provides high chemical and electrical resistance, which assists them to replace metal and glass in medical products.

Increased usage of resins in numerous medical applications such as spinal implants, cranial injuries, hip, and joint replacements, and others.

Global Medical Polymer Market By Processing Method

The Global Medical Polymer market is segmented by Processing Method into Blow Fill Seal, Injection Stretch Blow Molding, Extrusion Blow Molding and Others.

The extrusion blow molding segment accounted for the largest market share in 2022, owing to the easier and cost-effective process.

Extrusion blow molding is used to create medium to large hollow parts with complex geometries or highly technical equipment such as DEF tanks, HVAC ducts, lawn mower seats, and others.

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Global Medical Polymer Market By Application

The Global Medical Polymer market is segmented by Application into Medical Device Packaging, Medical Components, Wound Care, Orthopedic Soft Goods, Implants and Others.

The medical component application segment held the largest market in 2022, owing to an increased usage of polymers in medical equipment and devices.

Polymer and polymer matrix composite helped the healthcare and medical industry to provide quality services, with multiple benefits such as enhanced safety, maintaining sterility, and others.

Suring in the usage of polymer in surgical instruments, diagnostics equipment, medical tubing, molded components, and others.

Key Topics Covered in the Report

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

Major Players Mentioned in the Report

• BASF SE
• Evonik Industries AG
• Covestro AG
• Kraton Corporation
• Eastman Chemical Company
• SABIC
• Celanese Corporation
• DSM
• Arkema
• INEOS

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Notable Emerging Companies Mentioned in the Report

• Cocoon Biotech
• ADBioplastics
• BioMed Element
• XAMPLA
• Cypris Materials

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

• Medical Polymer Manufacturing Companies
• Medical Polymer Marketing Companies
• Medical Polymer Material Suppliers
• Potential Investors in Medical Polymer Companies
• Bio Polymer Manufacturers
• Medical Packaging and Component Manufacturers
• Consulting Companies in the Chemical and Healthcare Market
• Government And Research Organizations Working in the Chemical and Healthcare Industries
• Investment Banks Targeting the Chemical and Healthcare Industry
• Medical Machine and Equipment Manufacturers
• Medical Plastics Manufacturers
• Laboratory Equipment Manufacturers
• Healthcare Products Manufacturers
• Medical Device Packaging Manufacturers
• Plastics Chemical Manufacturers
• Organic Polymers Manufacturers
• Medical Implant Packaging Manufacturers
• Medical Soft Goods Manufacturers
• Biopharma Devices Manufacturers
• Government Healthcare Departments

Time Period Captured in the Report

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

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

Global Medical Polymer market

 

South Africa's Logistics Market Hits $30 Bn in 2021: A Look at the Role of Road, Sea, and Air Infrastructure and Upcoming SEZ Developments, and What's Next? – Ken Research

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Logistics Industry in South Africa is expected to have robust growth with 22 international airports and 15 highways with upcoming SEZ Developments, says a report by Ken Research.

1. The Importance of South Africa's Extensive Road Network: Supporting 89% of the Country's Freight Transportation Needs.

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SADC has put forth a plan for 72 transportation and road infrastructure projects to be completed in the next 25 years. These projects include the toll road from Dar‐es‐Salaam to Chalinze, the Kazungula Bridge, the upgrading of the Nata-Kazungula Road, the upgrading of the Beitbridge-Chirundu Road, the Tete Toll Bridge, and the Western Corridor Road in Zambia. Additionally, the South African National Roads Agency (Sanral) is currently in the process of upgrading the N3 highway that connects Durban and Johannesburg. Among these projects, the Durban-Gauteng Road Corridor is a significant one that aims to enhance the export and import facilities of Durban.

2. Exploring South Africa's 22 International Airports: Connecting the Top Five Busiest Air Cargo Routes of UAE, UK, Kenya, Qatar, and Germany.

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South Africa boasts a total of 22 International Airports, among which the primary one is located in Johannesburg, known as the O.R Tambo International Airport. This airport serves as a hub for the country's busiest air cargo routes with countries such as UAE, UK, Kenya, Qatar, and Germany.

In the year 2021, the O.R Tambo Airport managed to secure the third position in terms of cargo volumes among all African airports. This was achieved by the transit of a staggering 304,018 tons of cargo.

Looking ahead to 2023, South Africa will launch its own cargo airline, Suid Cargo, which will be based in the O.R Tambo Airport. The airline will be 75% owned by local investors, with the remaining 25% owned by Astral.

To Know South Africa Development Strategies for Logistics Development

3. The Port of Cape Town: Africa's Largest Refrigerated Container Facility and South Africa's Prominent Role in Global Maritime Trade. 

To Know About Trends and Developments in South Africa Logistics Market

4. Revving Up Economic Growth: South Africa's Special Economic Zones (SEZ) Set to Boost Trade and Attract Foreign Investment.

To Know SWOT Analysis for south Africa Logistics and Warehousing Industry

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South Africa Supply Chain Industry

Global Green Chemicals Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach ~USD 17 Bn By 2028 – Ken Research

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What Is The Size Of Global Green Chemicals Industry?

The Green Chemicals Market is largely driven by the rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals.

The stringent government legislation and regulations supporting the use of biochemical such as bioplastics, bioethanol, and others along with growing concern regarding the depletion of fossil fuels vehicles is likely to propel the growth of the global green chemicals market.

The global green chemicals market faces challenges due to the lack of commercialization of bio-based products.  The high cost of green chemicals and the availability of substitutes like synthetic chemicals at a much cheaper rate is also expected to restrict the market's growth.

The COVID-19 pandemic negatively impacted the green chemicals market due to the disruption in the supply chain. The lockdown leas to the temporary closure of manufacturing facilities and the lack of workers which resulted in limitations in production and complication in raw material procurement. These factors affected the sales of green chemicals.

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Global Green Chemicals Market By Type

The Global Green Chemicals market is segmented by type into Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Biopolymers and Others. The bio-alcohols segment held the largest share of the global green chemicals market by type in 2022, owing to the increasing use of bio-alcohols like bioethanol as an alternative fuel for spark-ignition engines of vehicles.

The availability of abundant raw materials, rising crude oil prices, rapid urbanization, and increasing energy consumption are expected to fuel the demand for the global green chemicals market segment.

Global green chemicals market by end-user

The Global Green Chemicals market is segmented by End-user into Industrial & Chemical, Pharmaceuticals, Food and Beverages, Construction and Others.

The industrial & chemical segment accounted for the largest share of the global green chemicals market in 2022, attributed to the growing urbanization and industrialization.

The increase in chemical transparency across the supply chain along with increasing energy demand globally and a ban on the production and usage of hazardous substances is anticipated to aid the growth of the segment in the global green chemicals market.

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Key Topics Covered in the Report

• Snapshot of the Global Green Chemicals Market
• Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market
• Market size and Segmentation of the Global Green Chemicals Market
• Historic Growth of the Overall Global Green Chemicals Market and Segments
• Competition Scenario of the Green Chemicals Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Green Chemicals Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Green Chemicals Market
• Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments
• Market Size of End-User/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Green Chemicals 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 Green Chemicals Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Cargill, Incorporated
• Mitsubishi Chemical Group Corporation.
• BASF SE
• DuPont
• DSM
• Evonik
• Plantic
• Bayer Material Science AG
• Verdant Law
• Arkema

Notable Emerging Companies Mentioned in the Report

• Bio-Kleen Products, Inc.
• Palmer Industries, Inc.
• Thermafiber, Inc.
• Vertec BioSolvents Inc.
• Total Corbion PLA

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

• Green Chemicals Manufacturers
• Chemical Manufacturers
• Bio-Alcohol Manufacturers
• Packaging Manufacturers
• Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Green Chemicals
• Green Chemicals Providers
• Green Chemicals Research Organizations
• Green Chemicals Suppliers
• Investors in Green Chemicals Start-ups
• Green Chemicals Distributors
• Government Ministries and Departments of Chemical Industry
• Chemical Industry Regulatory Bodies

Period Captured in the Report

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

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Green Chemicals Market