Brazil Diagnostic Labs Market is expected to generated a revenue of more than USD 25 Bn by 2025- Will the industry reach its targeted growth?

 Growing number of laboratory equipment innovations, artificial intelligence in processes, ageing population, and number of chronic diseases in Brazil are the major growth drivers in Brazil Diagnostic Labs Market, says a report by Ken Research

1.Brazil diagnostic labs market is facing currency depreciation as a challenge.   

               

Opportunities to look for in Brazil Diagnostic Market

The local currency of Brazil has been depreciating over the years. The exchange rate with respect to USD depreciated from BRL 2.2 in 2013 to BRL 3.6 in the year 2018. Brazil, on the other hand, makes imports of laboratory equipment from countries such as Unites States of America, Germany and many other countries. The depreciation of currency increased the cost of imported laboratory equipment in the country. High costs on imports of laboratory equipment will lead to low profit margins for the company till the time it recovers the costs.

2. Increasing level of insurance penetration- Developments in Brazil Diagnostic Labs Market.

                         

Interested to Know More about this Report, Request a Sample Report

The increase in penetration level of private insurance is one major trend in the country. Penetration of Private insurance among Brazilians increased significantly from 19.9% in 2006 to 23.2% in the year 2016. This implies, as the number of insured individuals is growing, the use of diagnostic services will increase consequently in the country.

France showed highest percentage of 95% in terms of number of penetrated individuals followed by Canada and USA with 67.0% and 60.0% of the insurance penetration in the year 2018. On the other hand, Brazil accounted for 25.0% of the healthcare penetration which is expected to grow in future.

 3. Increasing Number of Mobile Applications for Healthcare - Trends in Diagnostic Industry.

                      

Visit this Link :- Request for custom report

Digital mobile applications play an important role in monitoring the health of the patient in Brazil. Some of the companies such as Apple and Samsung are investing heavily in the digital healthcare market. Moreover, Venture Capital Funds in the country is also inviting the investors for making investments in the tele healthcare market in Brazil. Boa Consulta is a startup that made it easier for the patients to schedule their appointment with the doctors. The Healthcare app is currently being used by more than 20,000 users. This startup’s services are helpful in finding out the healthcare specialists, checking reviews and booking appointments. 

Follow Us

Facebook | Twitter | LinkedIn | Instagram

India’s consumer wearables Market is expected to grow at a CAGR of 20% by 2024. Will the Projections justify the growth rate? Ken Research

 Buy Now

India’s consumer wearables Market is expected to grow at a CAGR of 20% by 2024. Will the Projections justify the growth rate? Ken Research

A massive market opportunity is present for the Consumer wearables market in India owing to government initiatives, increasing investment & rising fashion trends, says a report by Ken Research

1. Government Initiatives to Bridge Gaps in consumer wearables Industry via appropriate schemes for development of domestic market in India.

Click to Read Full Article: India Consumer Wearables Market

The regional government bodies are implementing new policies which may significantly drive the market. For instance, in February 2022, The Indian government unveiled a new phased manufacturing scheme to encourage the domestic production of wearable and hearable devices (PMP). Most components used to make wearable, and hearable gadgets will no longer be subject to customs tax beginning on April 1, 2022, while importing such goods will range from 15 to 20 % from 2023 to 2026. While there will be a 20% tariff on imported smartwatches, Bluetooth speakers, true wireless stereos, headphones, earbuds, neckbands, and headsets, there will be a 0% to 15% duty on imported components between 2023 and 2026.

2. “Investment scenario getting a boost:’ India consumer wearables Market is getting massive investment boost & emergence of new startups.

To learn more about this report Download a Free Sample Report

Various companies operating in the India Consumer wearables market are getting massive investment influx owing to government regulations & the infrastructure development. For instance, Indian electronics & wearables market was able to raise $100 Mn investment. All in all, the market is currently growing at a robust rate with startups & companies showing interest in entering the India market owing to vast opportunities.

3. India is expected to be a major hub for consumer wearables market growth in the upcoming years owing to massive investment flow.

Visit this Link: – Request for custom report

India is witnessing an increased investments alongside feature upgradation. For instance, the Gen7 Hybrid Smartwatch has been introduced by Fossil in India. The smartwatch series aims to integrate the functions of smartwatches with the design language of classic watches. The country is to witness a surge in the demand for consumer & smart wearables owing to the rising fashion & technology trends in the country with a higher adoption of digitalization by various industries in next few years. Moreover, the emergence of 5G technology in India is likely to grow the adoption of IoT-enabled products in the Indian market further contributing to the development of consumer wearables industry. All in all, a robust growth is expected in the upcoming years.

Future Outlook of Global Remittance Market: Ken Research

 Buy Now

Global Remittance Market By Geography

The Global Remittance market is segmented by geography into Asia Pacific, Middle East, Europe, Latin America, Africa & North America. By region, the remittance market was dominated by Asia-Pacific in 2020 and is expected to witness growth at the highest rate owing to growing number of immigrants and increasing adoption of digital remittance.

Competition Scenario in Global Remittance Market

Global Remittance Market is concentrated among the top 10 players. Prominent players are pursuing various strategies, such as research & development initiatives, product innovations, joint ventures & strategic partnerships, expansion, and mergers & acquisitions to gain a competitive edge in the market. Market players are focusing on leveraging the capabilities of newly emerged fintech companies to offer their consumers the utmost convince of remitting funds. The major companies dominating the Global Remittance market for its products, services, and continuous product developments are Bank of America, Citi Group Inc., Pay Pal, Wells Fargo, JP Morgan Chase among others.

To learn more about this report Download a Free Sample Report

What is the Expected Future Outlook for the Overall Global remittance Market Across the globe?

The global remittance market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027 witnessing a CAGR of ~% during the forecast period 2022-2027. 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 Remittance market is driven by rise in mobile-based payment channels and cross-border transactions and decrease in remittance transfer time & cost drives the growth of the market. In addition, increase in adoption of banking & financial sectors across the globe fuels the remittance market growth.

However, rise in number of financial crimes and lack of awareness for digital remittance is expected to impede the market growth. Furthermore, technological advancements in digital remittance market is expected to provide lucrative opportunities for the market growth. The most important growth driver is the remittance flows coming via migrant workers.

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

Global Remittance Market

Indonesia After Market Service Industry recorded a positive CAGR of nearly 5% in 2021- How will Authorized Workshops help the market to develop in future?: Ken Research

 Buy Now

Widespread availability of reliable and genuine parts in the independent aftermarket channels increase the challenge for non-genuine part players in 2020, as per a report by Ken Research.

1. Challenges faced by Indonesia’s Automotive Aftermarket Service Industry

Solutions to Mitigate the Challenges in Auto Aftermarket Industry

• Disruption of global and domestic supply chain lead to difficulty in importing and exporting components and parts from and to other countries. The market witnessed a decline in both the new car and used car sales in 2020 in Indonesia.
• Indonesian government has set a target to produce 20% electric and hybrid vehicles of total vehicle production by 2025. The car services companies will have to update their equipments and train their mechanics for the servicing of electric cars with time and money.
• Unorganized Multi Brand companies will face challenge in servicing the electric vehicles due to low budget to upgraded their services.
• Increasing competition in the automotive aftermarket service industry is affecting the business. Presence of large number of players in the market makes it difficult for the companies to create awareness. Consumers generally prefer visiting their nearest multi brand service centers for quick and low cost service.

2. Authorized Workshops are preferred by customers for their High Service Quality- Why is it so?

Request a Free Sample to learn more about the report

• High level of service quality due to mechanic expertise and experience of working with same brand of car. Standardization of car service due to SOPs.
• High costs associated with service customization. Authorized/OEM Car Service Centres provide for high spare part cost due to genuineness of parts and high labour cost.
• The service cost is less during the warranty period at OEM Workshop. High quality of consumables and materials used, backed by strong brand partnerships.
• About 95% of cars in pre-warranty go to authorized service centres for service and nearly 20% of post-warranty cars are serviced by authorized centres.

3. Government initiatives and regulations in Indonesia automotive aftermarket service industry- tax cut policy on new cars is supporting the industry

Visit this Link: – Request for custom report

In 2021 the government decided to temporarily cut the luxury tax (PPnBM) on new car purchases in a bid to boost consumer spending. 100% tax cut applies for the first three months and a 50 per cent tax cut applies for the succeeding three months. The luxury tax cut in Indonesia lead to car sales surge by approx. 70% in March from February in 2021 and up by 10% from March, 2020.

According to National Industry Development 2015-2035 policy of Indonesia, the government focuses to Strengthen local components manufacturing capabilities by accelerating component production FDI and technology transfer. The government plans to turn Indonesia into an independent car manufacturing country that delivers completely built units (CBU) of which all components are locally-manufactured in Indonesia.

With a project allocation of INR 9000 Cr by GOI, massive infrastructure development alongside technological push is expected to boost market growth in the next 5 years: Ken Research

 Buy Now

The Agri-tech market is expected to witness a growth of 32% indicating a well versed adoption rate of technology in cold storage units & modernization of existing ones, says a report by Ken Research

1. Opening up of the sector and technological push is gearing up for unleashing the potential

Recent Trends in India Agricultural Cold Chain Market

The market is currently experiencing a technological push in terms of increasing technology adoption & modernisation of existing cold storage facilities. Cold storage operators with sound capacity & sizeable operations expressed willingness to upgrade their cold storage rooms with Controlled Atmosphere technology. Given the inherent benefits of technology, cold storage operators are looking to diversify clientele to export partners; fetching higher returns than normal market prices. Moreover, trends like entry of foreign players & increase in contract farming are some of the other trends that are being currently witnessed by the industry.

2. Technological and Warehousing developments could revolutionize the way cold logistics work in India.

To learn more about this report Download a Free Sample Report

The market has witnessed increased technology adoption rate with technologies such as Remote monitoring systems (RMS) wherein an all-round check and SLA fulfilment by cold storage operators could be enabled at Wi-Fi enabled smartphone & the system takes away the pain of keeping check of temperature and humidity conditions. Other features such as ‘Portable cold storage solutions’ are also becoming the new trend.

3. The opportunity for technological inclusion in agricultural cold storage sector is anticipated to witness a surge in upcoming years.

Visit this Link: – Request for custom report

Trends such as adoption of CA Technology solar power systems & RMS alongside push by COVID-19 has geared up momentum for next 5 years along with the creation of massive opportunity for market growth. Moreover, backward integration by incumbents & rise of agri-tech startups solving industry problems fosters support from ecosystem participants. All in all, rising technological adoption is going to be witnessed in the upcoming years which is then expected to boost industry growth.

Malaysia Unorganized Automotive Aftermarket Services Market Poised to register a CAGR of over 11% during the period 2020-25. Will the projections justify growth?

 91% of the market is captured by unorganized independent garages which offer personal touch, flexibility, convenience and economic services to the customer: Ken Research

1. Low Service Cost Leading to Higher Preference of Multi Brand Car Service Centers

Click to Read Full Article: Malaysia Automotive Aftermarket Service Market

When it comes to authorized service car centers, high spare part cost is charged due to genuineness of parts & high labour cost. Extra services will be invariably charged separately for labour hours whereas, Multi Brand Car Service centres avail comparatively 40% less cost. Moreover, High level of customization & personal service is also available & owners can request a particular mechanic to work on car & supervise the operation.

2. Marketing Strategies & targeting a specific group Leading to Growth of OEM/Authorized Service Centers.

Request a Free Sample to learn more about the report: Click here

Over 50% of the car parc in Malaysia are in the age group of 1-5 years, which leads to high demand for the authorized after sales workshop in Malaysia. Moreover, extended 2 year warranty for few brands in Malaysia is leading to an increased demand for the after sales services from an authorized service center. Authorized after sales workshops in Malaysia are offering ~20-30% discount on their services to attract the post warranty customers who generally prefer the multi brand workshops. Authorized after sales workshops providing additional value-added services and warranty on the serviced to retain their customers. All in all, higher transparency in authorized workshops is attracting the customers also after post warranty.

3. Organized Multi Brand Service Centers to Witness Increasing Market Share with Entrance of New Players.

Visit this Link: – Request for custom report

Malaysia aftermarket service market anticipated to record a CAGR of over 3% during the period 2020-2025. The market shall witness a growth in the revenue share from the OEM/ Authorized service centers owing to the increased discounts and offers provided by these centers to retain their customers. The market shall also witness surge in the sale of used cars in Malaysia leading to the growth of car service market. Entry of new players is expected in the years to come.

In 2021, the market size of (B2B) E-Commerce was worth over USD 5 Bn in India. Will India be able to stand on this growth trajectory? Ken Research

 1. Growth of B2B Start-ups in India

                      

Trends and Developments in Indian Online B2B Industry

• (4,650) of Total Online Startups in 2019 provide B2B services.
• The B2B boom: India added 2,300 B2B start-ups in the last 5 years, and these are the top trends driving the growth.

Mumbai-based service named Pricebaba had announced its launch in 4 new cities taking the total number of cities it is operational in to 11 — a company which was growing exponentially creating an on-ground presence in the three major cities of Mumbai, Bangalore and Delhi; from a time when the same start-up had received post-seed funding from 500 Wallah, the $5 Mn India-specific fund from the then ever-popular global accelerator program 500 start-ups; from a time when online property listing platform like Housing.com was rallying its troops on launching it pocket burning brand campaign; from a time when Mumbai-based food ordering app TinyOwl had raised Rs. 100 Cr. in its Series B round from Matrix Partners, Sequoia Capital and Nexus Venture Partners, aiming to enhance the meal ordering experience of users with its carefully-designed app; from a time when Grofers raised a whooping $35 Mn investment from existing investors to help fund further expansion, leading them to be a $110 Mn start-up in India.

2. Emerging Operational and Technological Innovations Offer Faster, Cheaper Service to Ever Rising Net Savvy Customer

                         

Interested to Know More about this Report, Request a Sample Report

Faster Order Fulfillment: Platform Relationships with 3PL partners has led to a decrease in overall time of fulfillment, increasing business efficiency.

New Buyers with Peculiar Habit: The new age consumers are online savvy thus making it easier for business to reach to them through online channels.

Direct Selling to Customers: Online channels enable reaching out to the customers directly thus increasing margins for businesses.

Increase in Visibility: Online platforms help in providing wider scope in terms of visibility & consumer base with the help of internet.

Support in Business Management: Dashboarding makes it easier for firms to track their business activities on a daily basis.

Online Marketplace

Commissions paid on the basis of order size and nature.

       Average Range: 2%-20%.

Listing Platforms

Listing Fees paid to get listed Online for a stipulated time.

       Average Charges: INR ~30,000/year.

3. Early Adoption by Tech Start Ups Paved the Way for Indian Enterprise to Enable Business Operation through Software's

Visit this Link :- Request for custom report

• Udaan helps in tracking the shipment as well as store it in the warehouse with their in-house developed software.
• The software also helps to rate the players on boarded with them to assess their financial & operating capability.
• Bizongo provides an Artwork flow management service as well as live tracking and other crucial information analysis services via there In-house software.

Benefits of SaaS OEM

• Zero/ low Maintenance costs
• Faster Deployment
• Agile, Secure & Easily Scalable
• Rise of Vertical Saas (Operation Specific)

Follow Us

Facebook | Twitter | LinkedIn | Instagram

Investment in India’s Agri-tech market grew exponentially at a CAGR of 178%. Read more to know the cause of it: Ken Research

Buy Now

Investment in India’s Agri-tech market grew exponentially at a CAGR of 178%. Read more to know the cause of it: Ken Research

India's immense cargo-ecological diversity is the major reason for making it a global agricultural powerhouse. The agriculture sector is a significant contributor to India's economy which accounts for nearly 16 percent of the GDP and employs 44 percent of the workforce nationally.

1. Agriculture is the Backbone of the Indian Economy and is witnessing Consistent Growth in GVA over the Years

Click to Read Full Article: India Agritech Market

The agricultural industry in India has been growing over the years but has experienced volatility and fluctuation. It is because market growth depends on various factors such as climatic conditions, crop productivity, weed management, and pest and disease management. Due to this, the satisfactory monsoon season in FY’17 led to high growth in agricultural production and the unfavorable monsoon in FY’19 led to a minor decline in agriculture production.  

2. To lower the dependency on climate and socio-economic uncertainties and the growth of Agri-tech Startups, the Indian government has launched 500 crore accelerator programs

To learn more about this report Download a Free Sample Report

Over 500 Agri-tech start-ups are based in India and the number is consistently rising. These start-ups have innovative ideas that assist farmers in improving farming techniques and increasing production. To encourage these startups and promote technology and digital disruption in the agriculture sector, the government of India has been proactively launching various schemes and programs. Recently, Shri Narendra Singh Tomar, the Union Minister of Agriculture and Farmers Welfare of India announced that an Rs. 500 crore accelerator program for taking forward and popularizing the successful initiatives of Agri Startups will be started.  Moreover, the government has also invested around INR 6.25 Cr in 66 Agri-tech startups to spur the consumption of millet in the country and the government has also informed that another 25 startups have also been approved for further funding. 

3. The investment from private equity investors has also increased with~178% in the Indian Agri-tech sector owing to the rising popularity and support from the government

Visit this Link: – Request for custom report

The landscape of investments in Indian Agri-tech startups has changed drastically over the last five years. Several venture capital funds, loan funds, and angel investors have supported the Agri-tech market in India. In 2020, Bengaluru-based greenhouse Agri-tech startup Clover announced that it had raised ₹ 7 Cr in venture debt from Alteria Capital. Clover partners with farmers across India and markets premium quality, branded, greenhouse-grown fresh produce through B2B and B2C channels. Moreover, in 2022, Gurugram and Patna-based Agri-tech platform DeHaat made it to the headlines as it had raised $60 million in a new funding round. In 11 states, 110,000 villages, and more than 150 ZIP codes around India, DeHaat uses artificial intelligence to assist 1.5 million farmers with sourcing raw materials, locating advising and financing services, and marketing their harvests.

Cross-border remittances act as a catalyst in the Indian Crypto Exchange Market – How will it drive the prosperity of digital currency growth in India? Ken Research

 The young (20-40 years) demographic primarily forms the largest chunk of the investor base engaging in cryptocurrency transactions.

1. Domestic Crypto Exchange companies capture the major segment of the market accounting for about 70% to 80% in 2021; attributed to growing number of domestic start-ups

Click to Read Full Article: Indian Crypto Exchange Market

• Domestic Crypto Exchange Companies accounted for highest market share of around 75% in 2021 attributed to the ease of trading through these platforms as compared to foreign companies where for trading direct monetary funds cannot be used.
• Southern and Western region dominated the Indian crypto exchange market with a combined share of ~74% on the basis of revenue contribution in 2021.
• Regular method of transaction accounted for the highest market share of ~95% in 2021 because they were more preferred by the traders as they provided anonymity and privacy protection.

2. Cross-border remittances and decentralized finance will be major traction for investors- Growth Drivers of the Indian Crypto Exchange Market

Request a Free Sample to learn more about the report: Click here

Cryptocurrency as a cross-border payment medium will make a big difference in the Indian market. Due to great remittance demand, it will drive the prosperity of digital currency growth in India for a long time. Since cross-border transactions traditionally carry high fee using bitcoin or other cryptocurrencies as a cross-border payment medium, Indians can save a large number of remittance fees.

DeFi (Decentralized Finance) has seen an incredible rise over the last year, with there being a $50 Billion market cap and a roughly 80% growth in DeFi at a global level. DeFi also brings in multiple possibilities in the form of improving financial infrastructure, preventing financial fraud, attracting international capital etc. NFTs (Non-Fungible Tokens) have also risen in popularity like DeFi.

3. Introduction of Central Bank Digital Currency and increasing popularity of NFTs among others is contributing to the visibility of Digital currencies in the Indian Market- Major Trends

Introduction of a CBDC or Central Bank Digital Currency shall lead to a more efficient and a cheaper currency management system, along with the transparency it would bring on a real-time basis, as well as acting as a tool against tax evasion. Also, a CBDC would essentially be the same as the paper currency but in a digital format, which means that it would also be sovereign-backed.

Visit this Link: – Request for custom report

Non-Fungible Tokens (NFTs) are becoming an increasingly popular means of movie promotion, with several stars such as Amitabh Bachchan and Salman Khan launching their respective NFT collections. Salman Khan has also become the brand ambassador for Chingari's (A short-video app) NFT Marketplace. Actors Rajnikanth and Kamal Hassan also launched NFT series.

UAE logistics industry is concentrated with top 5 players contributing about 50% of the domestic express revenues in 2019- How will the 3 growth drivers help the market become sustainable in future? : Ken Research

 1. UAE oil and gas logistics market is driven by high contribution of exports to UAE government

Click to Read Full Article:

UAE Logistics Market

The Abu Dhabi National Oil and Gas Company is looking to raise crude production capacity to 5 million barrel per day (bpd) by 2030. Enhanced production provides an opportunity for Oil and Gas logistics firms to capitalize.

Currently ongoing and upcoming projects such as Upper Zakum- Production Capacity Enhancement  nearly $ 21 bn, Ruwais Refinery Complex around $ 20 bn  and Abu Dhabi North West Development - Hail and Ghasha Sour Gas around $ 15 bn are expected to be the driving force for Oil and Gas logistics going forward.

2. Growth in Online Selling and Increasing propensity of consumers to buy online is propelling growth in E-Commerce Logistics

Request a Free Sample to learn more about the report: Click here

UAE E-Commerce Logistics Market accounts for nearly 2.5% share in the logistics revenues in the country in 2019. High internet penetration, more concentration of millennial among new buyers and a rise in SMEs selling online have driven E-Commerce growth in the UAE.

E-Commerce business activities among express companies such as DHL and Emirates Post have been growing with nearly 40% Y-o-Y, since last 2-3 years.

COVID-19 induced lockdowns in the country, gave an opportunity to retailers and shopkeepers to sell products online, hence establishing a large need for delivery and e-commerce logistics.

3. Demand for COVID-19 related Medication, expected to drive Pharmaceutical Logistics Market growth

Visit this Link: — Request for custom report

High rate of population growth, increased life expectancy and prevalence of lifestyle-related diseases such as diabetes have led to growth in the pharma industry in the UAE. The COVID-19 situation has led growth in pharma logistics with drugs such as Remdesivir and HCQ being imported into the country.

Around $1.2 Bn was allocated to healthcare in 2019 budget in the UAE, on top of the funds allocated in the ($ 540 Mn) innovation fund set up by Sheikh Mohammed bin Rashid Al Maktoum