UAE Logistics Unveiled: How is Government Shaping the Industry's Future? : Ken Research

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In the dynamic realm of the UAE Logistics Industry, transformative trends are redefining its landscape. The surge in online shopping post-COVID-19 has propelled e-commerce logistics, yet challenges like traffic congestion, overreliance on road freight, and fuel price fluctuations loom large. Here, the government emerges as a catalyst for change. How exactly is the government taking the reins to surmount these hurdles and pave the way for sectoral prosperity? Delve into the next slides to uncover the strategic initiatives that hold the key.

1. Consumers shifting preference towards online shopping post-COVID-19 is leading to the growth of e-commerce logistics business in the UAE 

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2. But, Traffic Congestion, Over Dependence on Road Freight, and Fluctuation in Fuel Prices among others are the major bottlenecks of the Logistics Market

3. Interestingly, the UAE government has set transport infrastructure investments that are focussed on the development of a rail network, expansion of airports & sea ports, & technologically advanced infrastructure

4. However, the infrastructure from airports, seaports, and warehouses has not been standardized in Vietnam which inhibits the growth of the sector

4.1 Rising maritime, air cargo & land transport sector serves as a major catalyst for the growth and development of the logistics industry in the UAE

5. UAE has ample opportunities to support the existing growth of logistics industry by leveraging on the positive outlook of the quick commerce industry in coming years

Some of the Intelligence Curated by Ken Research in Logistics Market Space:

• Singapore Logistics Industry Outlook to 2028 Driven by Driven by growing investment in transport infrastructure and transformation towards digital economy
• Egypt Logistics Market Outlook to 2026 Driven by high growth in E-Commerce, government policies attracting foreign investors & promising manufacturing sector.
• Australia Logistics Market Outlook to 2026 Driven by infrastructural investments, government policies attracting foreign investors & promising manufacturing sector

New Zealand Logistics Market Outlook to 2026 Driven by Massive Logistics Infrastructure Investment, Flourishing ECommerce Industry, and Increasing Competition among domestic players

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UAE Logistics Market

The US Anesthesia Drug market is anticipated to become a ~USD 6.4 Bn Industry by 2028: Ken Research

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The United States Anesthesia Drug market is predicted to grow at a CAGR of ~4% in the upcoming 5 years as per the findings of Ken Research.

STORY OUTLINE

• Rising surgical procedures in the US are a major factor behind the growth of the US Anesthesia Drug market.
• Increasing geriatric population typically requires more surgeries which results in demand of the anesthesia drugs thereby accelerating the US Anesthesia Drug market.
• Technological advancements make the task of drug development easier and efficient thereby pumping the growth of US Anesthesia Drug market.
• Chronic pain is another field that requires the use of anesthesia

A fast growing industry, rise in surgical procedures, increase in geriatric population, and technological advancements along with rise in cases of chronic pain are some of the various reasons contributing to the growth of US Anesthesia Drug market. This market is anticipated to grow at a CAGR of ~4% in the next 5 years.

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1. Rising surgical procedures are a major factor for the growth in the US Drug market.

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Surgical procedures in the United States have been constantly rising. The rise in surgical procedures also results in the demand for anesthesia products which ultimately help in the growth of US Anesthesia Drug market as every surgery whether big or small requires the use of anesthesia to numb the pain from incisions.

In 2019, United States saw ~6.6 million surgical procedures and in 2020, the number got down to ~6 million procedures considering the impact of Covid-19. This number is projected to reach ~10 million surgical procedures by the end of 2023.

Speaking of cosmetic procedures done in the US, there were at least ~1.5 million cosmetic surgeries done in the US in 2021. Moreover, by the end of this year, we are expected to see ~1.4 million outpatient surgeries.

Some of the most common surgeries done in the US primarily include Cataract removal, C-section, Circumcision, Angioplasty, and Joint replacement. It should be noted that all of these surgeries require the use of anesthesia.

When there are so many surgical procedures done in the country, there becomes necessary to have a good supply of anesthesia drugs and the demand for such drugs keep on rising further. This constant demand due to rising surgical procedures accelerates the US Anesthesia Drug market.

2. Rising geriatric population: an accelerating force for the US Anesthesia Drug market

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The rising geriatric population in the United States is another factor that contributes towards the growth of US Anesthesia Drug market.

In the past 5 decades, the ageing population went from ~25,000 per 100,000 people in 1980s to ~54,000 per 100,000 people in 2020s.

This number is further anticipated to increase in the upcoming years. It is projected to become ~70,000 per 100,000 people in the 2030s. As the ageing population rises the surgeries also rise.

The most common surgeries that happen to take place in elderly are Cataract surgeries, Pacemaker Implantation, Hernia surgery, Hip and Joint Replacement surgery, Colorectal excision, Melanoma surgery, etc.

The ageing population typically requires more surgeries than other population. The rising ageing population results in more surgeries and more surgeries result in need of anesthesia products which ultimately results in growth and expansion of US Anesthesia Drug market.

3. Technological advancements is pumping the US Anesthesia Drugs market

When the drugs are developed, they need to be tested many times before they go ahead with clinical trials. To test the drugs, one needs highly efficient models for every disease and not everyone can afford that. 3D Bioprinting is the solution for this problem. It works by creating human anatomy which have better post OP results and are more precise.

Cryo-EM is another very popular technology that is primarily a set of three separate technologies which work by freezing the molecules and then fixing them. This technology also has the power of revealing what might be the side-effects of a drug or why it may fail.

Next generation Proteomics is a powerful and useful technology that are primarily used to reveal insights of every stage of various drugs pipeline. It lets people know drug targets, and helps in understanding the action mechanisms of various drugs along with knowing the predictive and diagnostic markers.

All of these technologies help doctors, scientists and pharmaceutical companies in making the task of drug development easier and efficient which ultimately helps in the growth of the US Anesthesia Drugs market as the drugs are developed faster and are quite effective as well as efficient.

4. Rising cases of chronic pain - Another field that may require the use of Anesthesia

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Pain that lasts anywhere in your body for more than 3 months is labelled as chronic pain. The problem of chronic pain is huge in the United States. Almost, 50 million people in the US suffer from chronic pain which is about 20% of the total US adults. And, almost 17 million people in the US suffer from high impact chronic pain which is about 7% of the total US adults.

Women tend to have higher prevalence of chronic pain as compared to that of men. In the US, at least 21% women will have chronic pain and 8% of women will have high impact chronic pain. On the other side, approximately 19% of men will have chronic pain and 6% of men will have high impact chronic pain.

Now what is the connection between chronic pain and anesthesia? Well, in many cases anesthesia is also being used to treat chronic pain. To treat chronic pain, typically Local Anesthesia (LA) is injected to tissues, joints and nerves to reduce pain.

Chloroprocaine, lidocaine, tetracaine, bupivicaine, and procaine are some of the local anesthesia that are also used in the treatment of chronic pain.

Thus, it can be said that the rising cases of chronic pain also helps in the growth of US Anesthesia Drug market as the task of pharmaceutical companies is not only to create anesthesia drugs for surgical procedures but these are also used in the treatment of chronic pain which motivates them to create effective and efficient anesthesia drugs.

CONCLUSION

US Anesthesia Drug market is a market which is concerned with the development of anesthesia drugs within the United States. There are various reasons for the growth of this market, some of which are rise in geriatric population, technological advancements, and rise in surgical procedures along with the rise in cases of chronic pain. Due to these major factors, this market is anticipated to become ~USD 6.4 Bn. Market in the next five years.

Companies covered in the Report:

• Baxter International
• Abbott Laboratories
• Hospira
• AbbVie
• Endo International
• Pfizer
• Pacira Biosciences Inc.

Key target audience

• Anesthesia Drug companies
• Potential market entrants
• Government bodies and institutions
• Research institutes
• Hospitals
• Patients
• Venture Capitalists
• Investors
• Medical educational institutes

Time Period Captured in the Report:

• Historical period: 2017-2022
• Base year: 2022
• Forecast period: 2022-2028

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US Anesthesia drugs Market

With Growing Demand for Healthy Meat Snacks, the US Meat Market is Projected to be Around $160 Bn by 2028: Ken Research

 Impacted by the global pandemic covid-19 the US meat snack market is slowly recovering. Along with traditional meat options, consumers are shifting towards new and healthy meat snacks that are high in protein, omega-3s, iron, and vitamin B12. The market is projected to grow at a CAGR of 4.5% from 2022-2028.

STORY OUTLINE

• US meat snack market has witnessed significant growth post-pandemic thanks to its variety of items that are high in protein and nutrients.
• Convenience stores have helped this market immensely to grow, as they are driving the maximum sale throughout the country through their stores.
• Americans are among one of the biggest consumers of meat items worldwide that’s the reason its meat snack market is going to increase significantly in the next five years (2023-2028).

According to Ken Research, the US meat market was affected hugely due to restrictions of covid-19 due to nationwide lockdowns and the closing of markets. The market witnessed huge growth post-pandemic as a result the sales of dried meat snacks increased by 5 % in 2021. Meat snacks are becoming the favourite of the working population and youngsters because of their hectic lifestyles. Portable snacks like sticks, jerky, and sausages are providing customers with healthy meat products.

1.Convenience Stores are Driving the Sales of Dried Meat Snacks

Meat snacks are generating huge revenues in convenience stores in the US. Demand for traditional jerky brands such as old trapper was very high among consumers. As it was the third most-sold product in the country’s convenience stores.

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This high demand led to a rise in specialist meat snacks such as snacks made from beef, turkey, and pork.

Following the increasing demand, in 2021, a popular firm in the US meat market Cherkizovo Group launched its meat snack products in three groups: pork, chicken, and turkey snacks. These items were made from dried and cured meat.

2.Factors influencing the rise of meat snacks products in the US

• The US meat market which is all-time high at the moment is expected to grow significantly in the next five years. With the high demand for meat snacks, the market is projected to grow 4.5 % annually from 2023-2028.
• There are a number of reasons behind the significant growth of this market. Such as convenience and portability they provide. Meat snacks like sticks and beef jerky are dried products that make them easy to carry and can be consumed anywhere.
• Other factors are nutrition value, flavor variety, and the rise of e-commerce. Meat snacks offer a source of essential nutrients such as protein, vitamins, and minerals. This dietary profile offers to those looking for a satiating and energy-boosting snack.
• Meat snack brands offer a diverse extend of flavors and taste profiles, catering to different customer inclinations. This assortment energizes repeat buys and experimentation.
• The development of online shopping and e-commerce stages has broadened the availability of meat snacks to customers, making it simpler for them to buy their preferred items.

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3.Key players in the Meat Snacks Market in the US

• At the moment the US has the majority of the share in the world’s total meat snacks market. With the largest market for meat snack products, the US has a more than 20 key players that are operating in the competitive Meat market of the country.
• Conagra Brands, Jack Link’s Protein Snacks, Oberto Sausage, and Hormel Foods Corporation are some of the leading firms in the US meat snack market.
• Recently Conagra Brands announced the acquisition of Thanasi Foods LLC, known for making Duke’s meat snacks. This purchase will help them restructure their products and make them modern as well as premium.
• Jack Link’s protein Snacks are also planning to launch new products such as Beef Sausages, Steak Bites, and Cold Crafted Link ich. These items will be available in a variety of tastes and flavors according to consumer preference.

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4. Future of Meat Snacks Market in the Country

• US meat market is expected to reach $160 Bn by the end of 2028. With increasing market demand the number of meat snack consumer are also expected to grow significantly.
• As of 2020, 128 Mn Americans consumed meat snacks and other meat items, one of the highest in the world.
• Americans are considered the heaviest consumers of meat worldwide. Currently, the fifth largest meat eaters in the world.

Conclusion

The US meat snacks market has experienced critical development and recuperation post-pandemic, driven by the rising demand for healthy and convenient meat-based items. With buyers progressively embracing hectic ways of life, portable snacks like sticks, jerky, and sausages have ended up well-known choices due to their high protein substance. Convenience stores play a vital part in driving dried meat snack sales, with traditional jerky brands and specialist meat snacks picking up traction among customers. The market is anticipated to proceed its upward direction, anticipated to develop emphatically in another five years. Key players, such as Conagra Brands and Jack Link's Protein Snacks, are effectively growing their item offerings to cater to advancing customer preferences. As the market develops, the US meat snacks industry is likely to stay dynamic and profitable.

Sculpting the Future: Unveiling Saudi Arabia's Dynamic Fitness Frontier: Ken Research

 Storyline

• Booming Fitness Scene: Saudi Arabia hosts 28+ organized and numerous unorganized fitness centers, driven by industry growth.
• Competitive Diversity: Fragmented competition focuses on price, facilities, training, and brand loyalty, varying across cities.
• 4Entry Hurdles: High establishment costs, land, professionals, and equipment deter new entrants, favoring established players.
• Evolving Trends: Emerging women's fitness, personalized training, value-added services, and broader customer outreach shape the industry's future.
• As per Ken Research, Saudi Arabia's fitness industry presents a blend of challenges and opportunities. The competition, though fragmented, is fierce, driven by factors ranging from prices to amenities.

1. Fragmented Competition and Industry Growth

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Within this ever-growing landscape, competition takes on various dimensions. Fitness establishments are eyeing for attention viz pricing models, facility offerings, specialized training regimens as well as a wide spectrum of services. However, a major part of this competition is the fragmented nature, coming from the substantial number of players vying for a piece of the fitness market.

In the heart of this competitive dynamic is the presence of numerous unorganized fitness centers. This multitude of independent establishments contributes to the sector's fragmented nature, which can sometimes result in varying standards of service delivery and customer experiences.

The surge in the number of fitness centers, spanning both organized and unorganized entities, underscores the escalating significance of health and wellness within Saudi Arabia. As the industry continues its evolution, the differentiation of offerings, emphasis on tailored customer experiences, and the integration of innovative approaches are set to define the trajectory of the fitness sector.

KSA Fitness Services Market Trends

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2. Competitive Landscape and Strategies

Brands in the fitness industry in Saudi Arabia engage in competition based on various factors. Price, membership offers, center facilities, personal training, ambience, services offered, and locations all contribute to the competitive landscape. The existing players, especially prominent ones, possess strong brand loyalty due to safety concerns linked to equipment usage, posing a challenge for new entrants. Establishing comprehensive fitness centers with a range of services including spas, pools, steam baths, and more has limited businesses geographically.

KSA Fitness Services Growth Strategies

 3. Future Outlook and Focus Areas

The industry's future outlook necessitates attention to the emerging women's fitness segment in Saudi Arabia. The customization of workouts and personal training programs is anticipated to become prevalent. As fitness brands target broader customer segments, they offer value-added services like freezing memberships, couple discounts, locker rooms, showers, saunas, and spa facilities. These offerings are expected to increase penetration rates across the country.

KSA Fitness Services Market Future Trends

Conclusion

As per Ken Research, in conclusion, Saudi Arabia's fitness industry presents a blend of challenges and opportunities. The competition, though fragmented, is fierce, driven by factors ranging from prices to amenities. With increasing brand loyalty and a shifting market landscape, the industry's trajectory will likely be influenced by innovation, customer preferences, and the drive to cater to a diverse consumer base.

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KSA Fitness Services Market

IBM Security is holding a strong promising position in the US Security Testing Market; can it keep its dominance? : Ken Research

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The International Business Machine Corporation (IBM), is a multinational technology company excelling in security testing with inclusion of protocols such as cloud testing, Iot testing and many more. With a market value of ~US $60 Bn, this giant has been leading this sector.

STORY OUTLINE

• With comprehensive range of security testing solutions, the IBM Security is flushing the threats with ease.
• With newer Advanced Threat Intelligence, assisted with Cloud Security, IBM Security has been updating its own measures.
• The IBM Security is now taking automative measures, with AI and Machine Learning sitting on the roots and analyzing every situation.
• With focus on Zero Trust policy, IBM is making its own inner environment much more stringent in its policies and secured.

1.With comprehensive range of security testing solutions, the IBM Security is flushing the threats with ease.

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• With the advancements in security testing, IBM introduces vulnerabilities assessment and penetration testing to the system.
• IBM Security has incorporated Real-Time Threat detections, rendering and responding to threats as they happen in real time.
• With the adoption of new Security Information and Event Management (SIEM) solutions, IBM QRadar allows to gather information about multiple threats from various sources, to be ready for any unforeseen threat that may be impending.
• IBM offers Identity and Access Management (IAM), resulting in a greater amount of user identity checks, authentication checks etc.

According to Ken Research, the IBM Securities has been making several changes, leading to a drive in force leading to the upgraded technologies and advanced follow ups, leading to a much secure server and database mainframes. With more and more cybersecurity threats arising, the threat response system gets better with it. With deep Machine Learning, every time some new breach in the firewall occurs, the security system upgrades to become better than its previous model and with Artificial Intelligence is sitting on the top, more new initiatives and protocols are being come up with. With this the IBM Security is currently leading with a market value of ~US $60 Billion.

2.With newer Advanced Threat Intelligence, assisted with Cloud Security, IBM Security has been updating its own measures.

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• With the introduction IBM X-Force Threat Intelligence, newer valuable insights about impending newer threats are received.
• IBM Cloud Park has become the hub for addressing security challenges in cloud environment and related connected devices.
• With the ability to integrate with other systems in the IT sectors, advanced scouting of groups of threats, even if different types, can be scrutinized easily and removed.
• 67% of backdoor cases (ransomware attacks) were failed attacks as the defenders were able to disrupt the backdoor entry even before the initiation was made.

3.The IBM Security is now taking automative measures, with AI and Machine Learning sitting on the roots.

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• The introduction of the company’s leading AI platform, called Watson, makes necessity driven changes resulting in a fully secured mainframe.
• IBM MaaS360, a Unified Endpoint Management (UEM) Solution which is fueled by the Artificial Intelligence to help secure and manage mobile devices.
• IBM Guardium is such a tool that uses not only AI, but also deep Machine Learning resulting in prevention of breach and unauthorized access.
• With the introduction in newer Behavioral and Predictive analysis, the IBM Security can scoop out preferential threat scanning the individual’s behavior.

4.With focus on Zero trust policy, IBM is making its own inner environment much more stringent in its policies and secured.

• With Zero-Trust policy, a Granular Access Control is given, deeming the least privileges for every working employee.
• With such stringent regulations, Multi-Factor Authentication (MFA) has become a core component of the policy, making multiple verification processes, scanning each person with high priority basis.
• Zero-Trust promotes Micro-Segmentation, allowing the splitting of networks into smaller fractions with very strict access, preventing attackers to move in between networks.
• A continuous monitoring has to be done in order to maintain the secured mainframe and must have to capability to detect problems in a very fast manner.

CONCLUSION

With major changes in the global cybersecurity threats, the cybersecurity department is rising with it. More and more advanced and complex encrypted protocols, algorithms and policies, making changes in both technologies and employee policies, rendering them with lesser privileges than before, ensuring no loss of information is happening from inside of the company.

The US Two-Way Radio Market responds to the growth curve with a CAGR of 7% by 2028: Ken Research

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The US Two-Way Radio Market is a heavily segmented market, divided among type, end-user industry, frequency level and geographic region. This industry provides the communication sectors in check in heavy duty companies.

STORY OUTLINE

• With the intent of enhancing industrial and public safety, the US Two-Way Radio market strives to improve its performance.
• With the advent of technological improvement and remote work adaptation, it became the driving pace for the US two-way radio market.
• The rise in critical threats is greatly influenced the two-way radio market in US to strengthen themselves.
• Military and ‘Natural disaster prevention’ investments are paving the growth of the market. With the intent of enhancing industrial and public safety, the US Two-Way Radio market strives for better performance.

Top Captive Players in US Two-Ways Radio Market

1. With the intent of enhancing industrial and public safety, the US Two-Way Radio market strives for better performance.

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• The two-way radio market is making its infrastructure with better software and hardware experts to improve their designs.
• The improved version is already in use with the advent of making high-end radios, for seamless audio transmission for security purposes.
• 5G chips are being installed in the improved version, which would lower their latency, increase data-rates and improve their coverage.
• With focus on public safety, two-way radio is increased in connections, making them connect to multiple sources.

According to Ken Research, the US Two-Way Radio Market is an important market for various vital uses ranging from general awareness to Natural Disasters. With the improvements in technologies, high-end transmitters and receivers make these radios more useful by reducing latency and increasing coverage, providing audio transmission in a streamline fashion. This market is forwarding its growth steadily and gradually, with a projected CAGR of ~7% by the year 2028. 

2. With the advent of technological improvement and remote work-adaptation, it became the driving pace for the US two-way radio market.

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• The two-way radios at present are fitted with enhanced speakers and transmitters, to enhance their coverage and give a 30% rise in quality sound.
• “Enhanced noise cancellation” from well-built speakers allows for the correct information to be conveyed, saving many from peril.
• A modulated transmitter and an updated trans-receiver allow for an increase in high-quality audio to be transmitted and received.
• With harder body, two-way radios are able to withstand harsh environment (cold or heat) leading to an increase in coverage even in unsuitable places.

3. The rise in critical threats is greatly influenced the two-way radio market in US to strengthen themselves.

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The Terrestrial Trunked Radio (TETRA) is the strongest police radio communication, being used over 100 nations globally.

• Critical and high threats such as CVE-2022-24401 and CVE-2022-24404 respectively, posed a threat in loss of authenticity and personal details.
• Improvement in the TETRA Authentication Algorithm (TAA1) and TETRA Encryption Algorithm (TEA1), has minimized the threats persisting earlier.
• The threats were discovered by MIDNIGHT BLUES, funded by the NLnet as the EU NGIO PET fund, using reverse engineering the TAA1 and TEA1.

4. Military and Natural disaster prevention investments are paving the growth of the market.

Motorola Solutions Inc. Market Share

• The Land Mobile Radio, a Motorola initiative, is essentially for mission critical areas, preventing loss of information and better military communication.
• With Motorola Over the Air Programming (OATP), the two-way radios are easily being accessed and updated remotely in a fluid manner.
• With streamline long distance communication, Very High Frequency (VHF)/Ultra High Frequency (UHF) two-way radios are used for Natural Disaster preparedness, emitting faster audio transmission.
• Since operating on separate battery, power outage cannot stop this kind of two-way radios, making them able to transmit even in a blackout.
• With high encryption as security, and basic user-friendly database, this allows common people to use them as well during a disaster.

CONCLUSION

The US Two-Way Radio Market is an important division for the regions, as it handles most of the transmissions going on for multiple purposes, leading to further proceeding of various processes. Mostly Government and Military services are required in this sector, but due to the sudden global change, a keen observation on Natural disasters are to be kept as well. With long distance and short distance radios now operational the US two-way radios market is striving with improved potential.

US Contact lenses Expected to Reach a Market value of $6.45 Bn by 2028: Ken Research

 The US contact lenses market is set to reach a record market value by the end of 2028. The increasing number of lens wearers population and individuals with visual impairments, growing eye safety concerns and awareness of disposable lenses, and emerging focus on the optics. Over ~45 million people in America use Contact lenses as of 2022.

STORY OUTLINE

• Pandemic of Covid-19 impacted the industry significantly as the revenue declined and lenses wearing population decreased temporarily.
• Post-pandemic the market is back on track and is estimated to reach a market value of $6.45 Bn in 2028, says a recently published report by Ken Research.
• Leading players in the market Johnson and Johnson and Alcon are investing hugely in the R & D departments to fulfill the increasing demand of the US lenses market.
• According to Ken Research, the increasing cases of eye diseases in the US are one of the major factors behind the remarkable growth of the US contact lenses market.
• Around 3 million Americans are affected by glaucoma and the number is expected to reach 111 million people by the end of 2040.
• In 2021, it was estimated that around 7 million people are suffering from uncorrectable vision acuity loss across the USA. Around 75 % of the population that uses lenses are aged 25 and older.

1. Impact of Covid-19 on the US Contact Lenses Market

• As per the American Academy of Ophthalmology there was around an 80% decrease in ophthalmology visits in August 2020.
• An additional report from Optometry Time Journal 2021 states that the global pandemic of covid-19 decreased the usage of contact lenses in the country from 79 % to 62%.
• Alcon, one of the leading players in the contact lenses market witnessed a decline of 8.5% in its overall revenue in 2020 in comparison to their revenue in 2019

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2. Current Situation the US Contact Lenses Market

• Post-pandemic the US contact lenses market is projected to grow at a positive rate. The CAGR of the US contact lenses market is estimated at 5.3 % between 2023-2028.
• Marker leaders like Copper Companies Inc. increased their R & D expenditure from $92 Mn in 2021 to $110 Mn in 2022. This was done with the motive of improving lens efficiency, exploring new technologies, and adopting modern processes of lens-making.
• Another major player in the industry, Alcon has launched a product named TOTAL30. This is a premium, reusable Toric lens for astigmatism in America and Europe.
• Firms are also planning to introduce the use of AI (Artificial Intelligence) in the manufacturing and development of lenses. This will surely give a boost to the US contact lens market.

Current Scenario in US Lenses Market

3. Growth Drivers of the US Lenses Market

• The major growth drivers of this market are the increasing number of lens wearers population and individuals with visual impairments, growing eye safety concerns and awareness of disposable lenses, and emerging focus on the optics and optometry field development.
• As of 2022, ~16% of adults in the American population wear contact lenses and One-third of them are females. The predominance of conditions like myopia (nearsightedness) and presbyopia (age-related farsightedness) has been on the rise due to variables such as expanded screen time, way of life changes, and a maturing populace.
• Disposable lenses, such as everyday disposable contact lenses, have picked up popularity due to their comfort and diminished chance of eye diseases. As a result, most of the youngsters prefer conventional contact lenses to disposable ones, emphatically affecting the lens market within the US.
• Progressions in optics and optometry have driven the improvement of innovative and improved lens technologies. These progressions incorporate high-definition lenses, anti-glare coatings, and photochromic lenses, among others.

4. Major Players of the US Lenses Market

• Johnson and Johnson vision care Inc, Alcon, the copper companies Inc, Menicon Co., Ltd, Hoya Corporation, Essilor Luxottica, Star Surgical, and Carl Zeis Meditec AG are some of the market leaders of the US Lenses Market.
• Johnson and Johnson vision care Inc is having the largest share of the US eye care market. Not only in America but even worldwide Johnson and Johnson vision care Inc is holding a significant market share.
• Alcon is the second-largest leader in the US lens market due to its vast production and diverse customer base. Currently, the firm holds a large portion of the market. Alcon is aiming to double its customer share by the end of 2028.

Conclusion

In conclusion, the US contact lenses market is balanced for critical development, with an evaluated market esteem of $6.45 billion by 2028. The major growth drivers, such as the expanding number of lens wearers, the rising predominance of eye illnesses, and developing awareness of eye safety and disposable lenses, are fueling this development.

The market experienced a temporary difficulty due to the effect of COVID-19 widespread, but it is presently anticipated to develop at a positive rate post-pandemic. Key players within the industry, like Johnson and Johnson Vision Care Inc and Alcon, are taking key steps to preserve their market authority and capitalize on developing opportunities.

Progressions in innovation, such as AI selection in lens manufacturing, are anticipated to encourage and boost the market's growth. With the nonstop focus on R&D, innovative products, and progressed technologies, the US lens market is on track to meet the expanding request and advancing needs of the populace for vision correction solutions within the coming years.

Australian Cold Chain Logistics Market: Growth Amid Challenges and Opportunities: Ken Research

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The Australian cold chain logistics market is poised for growth, forecasted to reflect a CAGR of 10.3% by 2027.

Storyline

1. 1% CAGR Growth: Driven by domestic demand, government initiatives, fostering temperature-sensitive goods expansion.
2. Sydney: Strategic Hub: Ideal infrastructure, proximity to markets, automation crucial, storage optimization paramount.
3. 250+ Players' Impact: Diverse cold chain landscape drives evolution, innovation, competition, ensuring progress.
4. Capital-Intensive Dynamics: Seasonality's influence, negotiated prices' variability, larger companies' occupancy, strategic collaborations emerge.
5. As per Ken Research, despite challenges, Australia's cold chain logistics market is adapting to emerging trends. Increasing e-commerce demands, evolving supply chain strategies, and advancements in technology are driving the market forward.

1. Strong Growth in Australian Cold Chain Market: 9.1% CAGR Driven by Domestic Demand and Government Initiatives

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The growth trajectory of Australia's cold chain market is induced by increasing requirements for temperature-sensitive goods, consisting of perishable foods and diverse range of commodities. Consumer increasing preference for fresh and premium products, coupled with evolving dietary habits, significantly contribute to this market’s expansion.

Concurrently, governmental initiatives, including the National Food Waste Strategy, infrastructural enhancements, surges in end-user demand, and the rising influx of new entrants or expansion of existing players are some factors contributing to market growth.

Moreover, the sector's landscape has been innovated by the integration of advanced technologies such as IoT-enabled temperature monitoring, real-time tracking, data analytics, and blockchain solutions.

2. Sydney: The Warehouse Hub Leveraging Strategic Location and Infrastructure Advantage

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Sydney, as Australia's largest city and an ever-growing economic hub, facilitates exceptional transport infrastructure encompassing ports, airports, and a robust road network, boasting seamless trade. With a substantial consumer base and its strategic proximity to major markets, Sydney offers access to diverse customer segments like no other.

In the evolving landscape, the advantage for cold chain companies lies in embracing modern technologies and automation in order to enhance transportation processes, ensuring efficiency and precision. Moreover, optimal placement of cold storage facilities in close proximity to operational centers emerges as a key consideration, minimizing the risk of spoilage for temperature-sensitive goods.

3. Fragmented Cold Chain Market: 250+ Players Driving Transformation

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The cold chain market exhibits remarkable fragmentation, accommodating a diverse range of over 250+ cold transportation and storage players. This robust diversity has been instrumental in inducing the market's evolution over the years.

With the presence of a multitude of contributors, the cold chain sector has adopted innovation, adaptation, and competition to make way for progress, enhanced efficiency, sustainability, and customer-specific solutions.

Major players in Australia Cold Chain market are international companies that expanded to Australia around 30-40 years ago. This vibrant ecosystem's transformative journey underlines the industry's resilience and its ability to adapt to emerging demands and technologies, shaping a future of optimized cold chain logistics.

4. Capital-Intensive Cold Chain Industry: Navigating Seasonality in Perishable Processed Foods

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The cost of cold storage is subject to a range of considerations, which consists of facility dimensions, type, location, storage duration, and supplementary services sought. Negotiated prices underscore this variability, for instance, for ambient storage, rates typically range AUD 4 to 8 per pallet per week, while freezers and chillers command AUD 7 to 15 per pallet per week.

Moreover, giant companies frequently witness occupancy levels of around 80%, which goes towards full capacity. In such cases, unmet demand is often met through outsourcing of the functions to smaller players or utilizing warehouse rentals from captive companies encompassing expansive, proprietary storage solutions.

This market panorama underlines the interplay of a wide range of factors shaping cold storage pricing and utilization strategies.

5. Anticipated Market Transformation

As per Ken Research, despite challenges, Australia's cold chain logistics market is adapting to emerging trends. Increasing e-commerce demands, evolving supply chain strategies, and advancements in technology are driving the market forward. As consumer expectations evolve, the industry is compelled to enhance operational efficiency, sustainability, and adaptability.

In conclusion, the Australian cold chain logistics market stands at a juncture of challenges and opportunities. The industry's response to disruptions, the surge in e-commerce, and the ever-growing demand for temperature-sensitive products shape the landscape. As technological advancements drive innovation, the cold chain sector's ability to meet evolving consumer needs and market demands will determine its success in the dynamic Australian market.

Major Players Mentioned in the Report:

Australia Cold Chain Market (Cold Storage Companies)

• Americold
• Lineage
• DP World
• QMC Logistics
• Laverton Cold Storage

Australia Cold Chain Market (Cold Transportation Companies)

• Pakwal Business Logistics
• Sands Fridge Lines
• New Cold Advanced Cold Logistics
• The Mid Field Group

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

• Agricultural & Sea food Producers
• Importers & Exporters
• E-Commerce & Online Grocery Platforms
• Retail & Super market Chains
• Pharmaceutical & Healthcare Companies

Time Period Captured in the Report:

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

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

Australia Cold Chain Market

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UAE Cold Chain Market Outlook to 2027

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The US Cancer Vaccine Market is anticipated to reach ~USD 7 Bn Industry by 2028: Ken Research

 The US Cancer Vaccine Market is predicted to grow at a CAGR of ~17% which would result in making it an approximately USD 7 Bn industry by 2028 as per the findings of Ken Research.

STORY OUTLINE

1. Rising cases of cancer in the USA are a major factor that are accelerating the growth of US cancer vaccine market.
2. Immunotherapies are promising and effective ways of treating cancer, high demand for such therapies also generate the growth the US cancer vaccine market.
3. Technological advancements in the field of healthcare also contribute in the growth of US cancer vaccine industry as it becomes easier to conduct researches and to treat cancer.
4. Biotechnological field is responsible in creating vaccines and medicines, advancements in this field also accelerates the whole process, thereby being a major factor in the growth of US cancer vaccine market.

A Fast growing industry, Immunotherapy growth, constantly increasing cases of Cancer, and technological advancements along with the growth of the US biotechnology market are the various factors contributing to the growth and expansion of the US cancer vaccine market. This market is anticipated to grow at a CAGR of ~17% in the next 5 years.

Click To Know US cancer Vaccine Market in Detail

1. Rising cases of Cancer:

Click to read more: Impact of cancer on US cancer vaccine market

The cancer cases have rapidly been increasing over the years. This generates the demand for the development of cancer vaccines that aim at giving patients a better life and a shot at life.

As per the data of 2019, approximately 1.7 million cases of cancer were reported. This number decreased in the following year, being 1.6 million in number. However, in 2021 as well as 2022, approximately 1.9 million cases were reported. In 2023, this number is projected to touch 2 million cases.

Such high numbers of the prevalence of cancer has been one of the major reasons behind the growth of the US cancer vaccine market.

Not only patients with cancer want to find effective and efficient treatment, medical sciences are equally working hard to find innovative methods of treating cancer as fast as they can.

In 2019 approximately 606,000 people lost their lives, in 2020, at least 600,000 people lost their lives. In 2021, at least 608,000 lost their lives. In 2022, approximately 650,000 lost their lives to cancer.

The alarming rate of deaths also force the doctors and scientist to keep finding newer ways of treating cancer in the forms of vaccines and therapies which ultimately accelerates the growth of US cancer vaccine industry.

2. Immunotherapy: Accelerating the growth of the US cancer vaccine market:

Click to know How is immunotherapy boosting the growth in the market

Immunotherapy can be best described as the usage of one’s immune system to fight various diseases especially cancer. Immunotherapy was first approved in the year 2011 by FDA for the treatment of cancer. In 2017, 4 immunotherapy checkpoint inhibitors were approved.

As of now, there happen to be more than 1000 clinical trials of immunotherapy for treatment of cancer and approximately 70 drugs are in the pipeline.

Cancer Immunotherapy has a stock index of 25 companies which makes it worth more than US$ 100 billion.

The reasons for such increase in the market size is primarily due to the fact that it is a promising as well as safe approach of treating cancer. In fact, as per John Hopkins Medicine, the success rate of immunotherapy ranges from 15-20% meaning such percentage of people usually achieve advantageous results.

Some of the major providers of immunotherapy in the US include Merck and Co., AstraZeneca, Bristol-Myers Squibb, Roche, and Novartis.

3. Technological advancements: a boon for the growth of the US cancer vaccine market:

Click to Know New technological advancements in US cancer vaccine market

Technologies have tremendously made our lives easier and it continues to do so in healthcare sector. Specifically talking about cancer healthcare, there are many technologies such as AI, Infinium Assay, TeleHealth, CRISPR, Cryo-EM, and Robotic Surgery that are very helpful for research purposes to find an effective cancer vaccine.

CRISPR is one of the widely used technology when it comes to cancer research. It is such a type of technology that has the power of editing our DNA.

Once the scientists discovered that cancer primarily happens due to changes happening in our DNA, since then they have been trying to find ways to alter our DNA cells in order to treat cancer. CRISPR technology has made it possible for the scientists to do so.

Some of the companies that also use this technology to treat various other health conditions are Beam Therapeutics (to treat Sickle cell disease), CRISPR Therapeutics (to treat cancer, sickle cell disease, diabetes, etc.), Intellia Therapeutics (to treat Transthyretin amyloidosis), etc.

Infinium Assay is another technology that has a great significance in cancer research. Such technology is primarily used to know how genetic variations are related to cancer.

Infinium Assay works by analyzing SNPs (Single Nucleotide Polymorphisms). They are responsible for mapping genes that have the ability of causing cancer and thereby provides useful insights regarding the progression, risk and development of cancer.

It is majorly used by companies like 23andMe, Ancestry, Illumina, etc.

Cryo-Em is primarily responsible for the generation of high resolution pictures of cancer cells and their behavior regarding various therapies, and medicines.

Various companies such as Septerna Inc., Gandeeva Therapeutics, MOMA Therapeutics, and Generate Biomedicines are a major user of Cryo-Em technology.

4. Advancements in Biotechnology: boosting the growth of US cancer vaccine market:

Other biotechnologies that are accelerating the cancer vaccine market

Due to the rapid growth in the US biotechnology market, the US cancer vaccine market also has seen a significant growth. Biotechnology sector is typically responsible for conducting various cancer researches and developing vaccines and medicines.

Advancements in Biotechnology market is another factor that accelerates the growth of US cancer vaccine market because as the biotechnology market experiences technological advancements, the easier to becomes to develop medicines and vaccines for cancer.

Some of the technologies that are used primarily in the biotechnology market are Genetic Engineering, DNA sequencing, Bioinformatics, Stem Cell Technology, Tissue Engineering, Biopharmaceuticals, etc.

Genetic engineering can be best described as the process of changing or manipulating one’s DNA. This technology is used in cancer treatment and works by the addition of new genes in cancer containing cells with the aim of slow growth of cancer or the death of the cancerous cells.

DNA sequencing refers to the process of governing the nucleotides present in a DNA cell. It works by determining the correct sequence of a DNA molecule. It helps in knowing certain mutations that have the ability to cause cancer. Moreover, this technology gives an idea of cancer cells pre and post treatment and helps in knowing how are cancer cells responding to the treatment.

Stem cell technology is a biotechnology which works by introducing new cells to damaged cells to ensure a fast recovery. This technology is used in cancer treatment by replacing the cells that have been destroyed by cancer with healthy cells.

Also, there have been numerous investments in this sector for the purpose of cancer research and vaccine such as the investment worth US$ 31 billion done by the US government during the pandemic period to promote cancer research. Moreover, President Biden promised an investment worth $2 billion for cancer research purposes.

CONCLUSION

As per this research, we can see that there are many growth drivers of US cancer vaccine market. Rise in cancer cases, immunotherapies, technological advancements, biotechnological advancements are some of the main reasons that accelerate the growth of US cancer vaccine market. Keeping all these factors in mind, it is projected that this industry will achieve a market size of ~USD 7 Bn. By 2028.

Global Cat Food Market Set to Surge, Eyeing USD 45 Bn by 2028: Ken Research

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Story Outline

• The surge in pet insurance purchases reflects the growing dedication to providing high-quality products and transparent information about the ingredients used in cat feeds.

• The United States faces a concerning epidemic of feline obesity, with 60% of cats struggling with overweight or obesity issues. This excess body fat has severe consequences on cat health, leading to various diseases and a shortened lifespan.

• The pandemic had a profound impact on feline eating habits, affecting over 71% of cases according to a Hill's Pet Nutrition Survey. With 33% of cat owners attributing their pets' weight gain to the pandemic period, the importance of maintaining a healthy lifestyle for cats became clearer than ever.

Know about caring pet parents’ choice of cat food globally

1. What are the underlying reasons behind The Boom in Cat Ownership!?

Cat owners are more concerned than ever with the welfare of their pets (the most recent National Pet. Owners Survey conducted by the American Pet Products Association revealed a nearly twofold increase in cat owners' pet insurance purchases). Cat owners want to be able to obtain high-quality products and know what substances are being utilized easily and affordably. For these reasons, the success of future cat feeds may depend on transparency and a dedication to superior ingredients. Sales of wet kitten goods climbed by 48% at WellPet in 2021. The firm has just unveiled its Wellness Complete Health Wet Food for Kittens.

Owners of cats are beginning to hunt for new substitutes that are produced using enhanced research-based recipes. Kat Kin has obtained USD 246 Mn in additional investment to go on its mission of delivering freshly prepared and individually designed cat food to households around the world.

More people now live in cities than in rural areas, and cat ownership has increased in parallel with this. Despite this fact, cats continue to receive less routine veterinary care than Cats.

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2. Unveiling the alarming surge in cat obesity rates and its implications on the Cat Food industry

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Startling figures released by the Association for Pet Obesity Prevention (APOP) reveal that a staggering 60% of cats in the United States are grappling with overweight or obesity issues. This growing epidemic of excess body fat is taking a toll on feline health, leading to a host of diseases, including diabetes mellitus, gastrointestinal problems, urinary tract conditions, osteoarthritis, chronic inflammation, and a shortened lifespan.

APOP provides crucial weight guidelines for different cat breeds: domestic cats should ideally weigh between 8-10 lbs, Persian cats 7-12 lbs, Siamese 5-10 lbs, and Maine Coons have the largest ideal weight range, varying between 10-25 lbs.

In 2021, a Hill's Pet Nutrition Survey revealed that the pandemic's impact on feline eating habits was profound, affecting over 71% of cases. More concerning was the finding that 33% of cat owners with overweight pets attributed their cat's weight gain to the pandemic period.

Royal Canin, determined to combat this alarming trend, has set an ambitious goal to reduce cat obesity prevalence in all felines by 2025. Their mission includes creating awareness about the issue and promoting healthy habits through strategic campaigns, innovative tools, and scientifically backed nutritional solutions.

3. The demand for high-quality cat food is on the rise owing to increased awareness about the health of cat.

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In recent years, there has been a notable upsurge in awareness about the health and well-being of cats among pet owners and the general public alike. As feline companionship continues to grow, so does the understanding of the crucial role that proper health plays in ensuring a fulfilling and long-lasting bond with our beloved feline friends. Pet parents are increasingly proactive in seeking out information on nutrition, exercise, and preventive healthcare measures tailored to meet their cat's specific needs. Veterinarians and animal health experts have also played a vital role in spreading knowledge and promoting the significance of regular check-ups, vaccinations, and early detection of potential health issues. This heightened awareness not only fosters healthier lifestyles for our feline companions but also strengthens the human-animal bond, fostering a sense of responsibility and care for our whiskered companions like never before. As a result, cats today are benefiting from better-informed and devoted caregivers, leading to improved overall well-being and happier lives for these cherished members of our families.

The global pet industry embraces pet humanization, as cat owners seek human-like experiences for their feline companions. Online sales in pet care are projected to surge by over 15% from 2018 to 2022. The Alpha Wise survey reveals strong emotional bonds between owners and cats worldwide. The pandemic drives e-commerce growth for cat food, particularly among younger generations. This evolving trend presents opportunities for businesses to cater to pet owners' desires and enhance the human-pet bond.