Tremendous Growth opportunities in Denmark Orthopaedic Devices Market: Ken Research

Posted on 26 March 2017 by KenResearch Healthcare ,

KEN RESEARCH has recently announced latest distribution on “Denmark Orthopaedic Devices Market Outlook to 2022”which provides an in-depth market analysis of the orthopaedic devices in Denmark.

This report provides information related to the market categories of the orthopaedic devices in terms of Annualized market revenues (USD million) and volume (units) data from 2008 to 2015and their company and distribution shares. This report also provides the information about the global corporate level profiles of key market participants in this league

The report consists of the information about the availability of the data of the market and country’s products, and their latest deals.

 The research is derived from the dynamic market forecast model using:

  • Epidemiology forecast model
  • Capital equipment forecast model

The report covers the key companies which are enjoying their share in the orthopaedic device market in Denmark. For giving it an expert touch this report is equipped with the interviews of key opinion leaders, physicians and industry expert for properly analysing the data for the orthopaedics market

The orthopaedic devices market cumulativelyincludes the following categories which are researched upon -

  • Hip Reconstruction,
  • Knee Reconstruction,
  • Shoulder Reconstruction,
  • Small Joint Reconstruction,
  • Orthobiologics,
  • Orthotic Devices,
  • Arthroscopy,
  • Cranio Maxillofacial Fixation (CMF),
  • Orthopaedic Bone Cement,
  • Casting Materials,
  • Spinal Surgery,
  • Trauma Fixation,
  • Orthopaedic Power Tools and
  • Orthopaedic Prosthetics.

It aids the users in developing business strategies by identifying the key market segments poised for strong growth in the future and also maturesthe market-entry and market expansion strategies

ECONOMIC OUTLOOK

Denmark, a Scandinavian country located in Europe is one to the emerging country in the field of orthopaedic devices. Europe has always acted as a major hub for the global medical device industry and many European countries have been exporting their products to the other markets, though theyrely on imports to supply the domestic healthcare industry. Manufacturers are producing the goods which are demanded in the dynamic technological world.

An orthopaedic implant is a medical device basically manufactured to replace a missing joint or bone or to support a damaged bone. The medical implant is majorly fabricated using stainless steel and titanium alloys for strength and the plastic coating on it further acts as an artificial cartilage.

Medical device industry was recently affected because of the recent regulatory, economic, and political shifts in Europe. The medical device manufacturers will transition to the new Medical Device Regulations and ISO 13485:2016, placing significant pressure on Notified Bodies.

The relatively weak Euro continues to benefit European companies exporting to the US, but creates difficulties for some importers. Foreign manufacturers will continue to compete with large, multinational corporations operating and distributing in Europe.

Perpetual innovations in the implants technologies have aided the orthopaedic industry on a whole to maintain a steady growth during the review period and this trend is further forecasted to continue at a much better pace in the years to come.

Denmark is definitely expected to prosper in this industry globally as a country in the years to proceed as it is seen to bring up the much needed enhancements and opportunities for making profits and generating revenues and local distributors are expected to play a major role in promotion of the industry.

 

For more coverage click on the link below:

https://www.kenresearch.com/healthcare/medical-devices/denmark-orthopedic-devices-arthroscopy-cranio/81951-91.html

Related links:

https://www.kenresearch.com/healthcare/medical-devices/us-orthopedic-implants-devices-market-research-report/478-91.html

https://www.kenresearch.com/healthcare/medical-devices/united-arab-emirates-orthopedic-devices-arthroscopy-cranio/81969-91.html

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

query@kenresearch.com

+91-124- 4230204

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Demand For Hip Surgeries To Keep Rising In Argentina : Ken Research

Posted on 24 March 2017 by KenResearch Healthcare ,

Ken Research has announced recent report titled, “Argentina Hip Reconstruction Market Outlook to 2022” which provides significant market information on Argentina’s Hip Reconstruction market which is derived from dynamic market forecast models.

Models namely epidemiology and capital equipment-based models are used in the report to accurately estimate and forecast the market size. The objective is to provide information that represents the most up-to-date data of the industry possible.

It offers value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market segments-Primary Hip Replacement, Partial Hip Replacement, Revision Hip Replacement and Hip Resurfacing. It also provides company shares and distribution shares data for the market category, along with global corporate-level profiles of the key market participants.

Report enables the users of the report to well develop business strategies by identifying the key market segments poised for strong growth in the future as well as ameliorates the market-entry and market expansion strategies.

Industry Insights

The replacement surgeries rate had augmented by around 25% in the last years majorly due to increasing number of people suffering from the musculoskeletal problems.  

Key players in the market include the following:

  • Zimmer Biomet Holdings, Inc.,
  • Stryker Corporation,
  • DePuy Synthes, Inc.,
  • Smith & Nephew Plc.

 

The drivers of the market are as follows:

  • Evolving cases of hip injuries, rheumatoid arthritis, osteoarthritis
  • An obese and aging population

These factors are projected to offer a boost to the market in the years to proceed as well.

The low risk and uncertainty associated with the hip replacement surgeries is a very salient reason for ascending demand for the same in the years of review and also of the forecast period since grave complications have been recorded in very few cases i.e. less than 2% of patients and the mortality rate from the surgery is well below 1%. 

The technological advancements and related innovations in the industry are seen as the greatest contributors of the market growth in future.  

The latest launch of minimally invasive surgery and 3D printing technology has provided this industry an overall big boost and the hip replacement market has reckoned for one of the best growths in Argentina and is further believed to ameliorate with the passage of time at ever growing CAGRs year after year. 

For more coverage click on the link below:

https://www.kenresearch.com/healthcare/medical-devices/argentina-hip-reconstruction/49653-91.html 

Related links:

https://www.kenresearch.com/healthcare/medical-devices/austria-hip-reconstruction/49665-91.html

https://www.kenresearch.com/healthcare/medical-devices/finland-hip-reconstruction/49737-91.html 

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Ken Research

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UAE Genset Market is Expected to Grow Past USD 250 Million in the near Future

Posted on 23 March 2017 by KenResearch Energy and Utilities ,

According to a market research report titled "UAE Genset Market Outlook to 2021 – Rising Number of Construction Projects and Commercial Sector to Foster Growth" by Ken Research

The UAE genset market has been witnessing considerable year-on-year growth over the past decade. Several big infrastructure development projects such as Dubai land, expansion of Jebel Ali zone and growing number of small and medium businesses (SMB’s) have continuously raised the demand for genset in UAE over the period 2011-2016. During this year, the market has been largely dominated by four players namely CAT, FG Wilson Himoinsa and MTU. The UAE’s genset market has been projected to observe considerable growth over the coming years as the country’s spending on commercial development has been projected to amplify further.

Closed type gensets are protected against bad weather and theft. In an area like UAE where dust storms are a common scene, closed type of gensets are really very beneficial to protect the gensets from dust and sand.

SME’s in Dubai have witnessed around 18.0% year on year growth in Dubai over the period 2011-2016 with around 22,000 new SME’s being opened in Dubai alone during 2016. Majority of SME’s in the UAE use gensets system with KVA rating below 100. This has been the main reason behind the dominance of below 100 KVA gensets in the UAE.

Government and transportation sector has been the biggest customer of the gensets in the UAE market during 2016. This sector generates demand for both smaller gensets below 300 KVA and also large gensets of above 750 KVA.

Dubai, Abu Dhabi and Sharjah are the key contributing cities in UAE's gensets rental market. Growing tourism, construction of hotels, airport, stadiums, hospitals and expansion of transportation infrastructure are the main factors behind growth in gensets rental market. Moreover, Dubai is known for its events and festivals which last for days. Such projects generate huge demand for rental gensets in the country.

The market growth will be witnessed majorly on the grounds of growing number of SMB’s in the UAE. Numbers of SMB’s in the UAE have surged from 112.8 thousand in 2010 to 505 thousand in 2016 and the number is expected to grow at a much higher pace during the forecast period.

One of the major demand for gensets comes from construction sector. The Mohammed Bin Rashid Al Makhtoum City (MBR) is expected to be completed by 2018 at a project cost of AED 21.0 billion. This city has been projected to provide huge boost to the UAE gensets market generating demand from both commercial and the residential sectors.

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

https://www.kenresearch.com/energy-and-utilities/power/uae-genset-market-report/87316-103.html

 

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A Multidisciplinary Analysis of Global Water Purifier Industry: Ken Research

Posted on 22 March 2017 by KenResearch Consumer Products and Retail ,

Ken Research has announced the report on growth estimates of Water Purifier Industry in the global market named as, “GLOBAL WATER PURIFIER INDUSTRY SITUATION AND PROSPECTS RESEARCH REPORT 2017". The report dispenses the professional and an in-depth analysis over the growth prospects of the water purifier industry accompanied with the integrity of logic and the comprehensiveness of contents that is substantially guaranteed to enrich the report reader who is either an industry insider or investor, with the professional and extensive data analysis. Moreover, the opportunities for new investment projects being assessed are also provided. 

In accompaniment, this report also provides the basic overview of the industry inclusive of its definition, applications, classifications, industry chain structure, international developmental history, competitive landscape analysis, the major regions development status and policies/plans, manufacturing process and cost structures, import/export, supply and consumption figures, cost price, revenue and gross margin by regions, global company profiles, product picture and specification, capacity, production, contact information, upstream raw materials, equipment and downstream consumer analysis.

KEY TRENDS AND ANALYSIS

In addition to the increasing number of industries dumping their waste in the waters, the ever-increasing global population particularly in the urban areas has resulted in an alarming increase in the level of water pollution. Therefore, the penetration of water purifiers is relatively higher in developed regions while huge semi urban and rural areas in developing countries still remain untapped.  Moreover, specifically in the Middle –east countries relying on the ocean water face the scarcity of the available freshwater which adds on to the increasing requirement of the process of desalination leading further to the soaring demand for the water purifiers. Water purifiers eases the process of removing biological contaminants, suspended solids, toxins, harmful gases & chemicals, bacteria, fungi and other such impurities from contaminated water, thereby making it safe for drinking. They can be considered as a primary necessity for urban consumers in developing economies of countries such as India and China which are likely to attract business opportunities in water purifier market in the upcoming years emerging from the need of a huge consumer base and high levels of water pollution.

Due to the presence of numerous players in the global arena constantly indulging in implementing strategies such as free demos, free installation charges, etc, in order to differentiate their product and gain an advantage over others, has driven the market to reach a level of high competition. While taking the similar developments in consideration, the market has been and will continue to experience robust growth in the coming years with new players entering the market with their rigorous marketing and positioning strategies in order to build their brand image and gain a consumer base. This would also lead to the increasing investments in the market sector. For instancein 2015, the RO purifier technology segment positioned the highest contribution in the global water purifier market by revenue. The offline water purifiers units are sold more in volume since they are the most economical units available in the market and owing to its better efficiency in water purification and providing better health; this segment is anticipated to expand quickly over the next few years.

The Global water purifier market is segmented on the basis of technology  inclusive of gravity purifier, UV purifier and RO purifier; end-user including commercial and residential users; channels of distribution including retail stores, direct sales and online; and on the basis of geography, the classification includes North America (U.S., Canada, Mexico), Europe (Western Europe, Russia & others), Asia-Pacific (China, Japan, South Korea, India & others) and LAMEA (Brazil, Middle East & others).

As stated by the market research, the world economy enlarged by just 2.2 per cent in the year 2016, and is anticipated to further extend by only 2.7 per cent in 2017 and reach till 2.9 per cent in 2018; it can be contemplated as a state of stagnant growth. It is not to say, that the market growth is impeded, but rather it’s moving on a very sedating pace of recovery indicating the state of economic stabilization for the present as well as the future rather than a robust revival of global demand. Moreover, the correspondence between the demand, investment, trade and productivity coupled with the weak global growth may prove to be self perpetuating for the water purifier industry which may further impede the sustainable development goals.

DRIVERS, RESTRAINTS & FUTURE PROSPECTS

The predominant growth facilitators such as the surge in population growth, rise in levels of disposable income of customers, scarcity of clean drinking water, increased incidences of waterborne diseases, increasing health consciousness, and rapid industrialization have led to the growth of the water purifier industries all over the world, with a major focus on the developing countries. However, increasing demand for packaged drinking water, the lack of governmental standards in industries for purifiers and low market penetration in rural areas due to lack of awareness , are amongst the major challenges faced by the industry in boosting its growth further. Furthermore, environmental pollution and depleting groundwater resources have degraded the quality of drinking water in Asia Pacific, thereby pushing the demand for water purifiers.

The segmentation by region portrays Asia-Pacific as representing the largest market worldwide alongside anticipated to be the most rapidly growing region during the next few years. South America can be considered as the second most important key region in the global water purifiers market, wherein the household end-user segment is expected to drive the market growth with further anticipation to expand at a steady pace through 2024. The global key players identified as playing significant role in the growth and development of the water purifier industry include 3M, BWT, Pentair, Unilever Pure it, Coway, Paragon, Mitsubishi Rayon, Culligan, Brita, Ecowater, Bluepure, Toray, Philips, Enmet, Panasonic, Purific, Midea, Qinyuan, QLIFE, K.clean, Litree, Angel, LAMO, Haier, Calux, Sacon, and Imrita. To strengthen their foothold in the market, they’ve adopted product launch to be the key strategy in attracting larger number of customers. For example, Bluewater Group, a water purifier company based in China launched three new products in the year 2016 which are similar to their own kind in terms of design, technology and affordability. 

For more coverage click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/water-purifier-prospects/86853-95.html

Related links

2016 Global Water Filter Housing Market Status, 2011-2022 Market Historical and Forecasts, Professional Market Research Report

2017 Global Dewatering Equipment Market Research Report

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Security Concerns Boost Night Vision Surveillance Camera Industry: Ken Research

Posted on 21 March 2017 by KenResearch Consumer Products and Retail ,

Ken Research has released report on the global night vision surveillance camera industry - “Global night vision surveillance camera industry situation and prospects 2017”. The report provides a basic overview of the industry along with relevant definitions, classifications, applications and the industry’s chain structure.

For those considering investment in the night vision surveillance camera industry, it is important to understand development policies, plans, manufacturing processes and cost structures of the industry. The report covers all these aspects as well as import/export, supply and consumption figures, revenue and gross margin by regions (United States, EU, China and Japan).

The report also provides in-depth information about the leading industry players with their company profiles, product pictures/specifications, capacity, actual production, product price, and revenues. This storehouse of information will enrich the knowledge of the industry insiders and potential entrants or investors.

The major statistics presented in the report about the industry are valuable source of guidance and direction for companies and individuals interested in the market.

Outlook of the Night Vision Surveillance Camera Industry

The night vision surveillance camera with the help of infrared technology gives a clear picture in conditions such as fog or in the darkness of night. Major applications of night vision surveillance camera include monitoring of critical assets, face recognition, threat detection, traffic management, military and defence purposes.

Recurring incidents of terror strikes have compelled governments the world over to explore technologies such as night vision surveillance cameras which offerimproved safety and a better means to fight terrorism.

The market of night vision surveillance cameras has witnessed exponential growth across the globebecause of growing fear of terrorism and increasing cross-border infiltration.Natural disasters, rail and road accidents and rising criminal activities also create additional demand for night vision surveillance cameras, thus boosting their market. A substantial growth in the CAGR of the night vision surveillance camera industry in the coming years has been forecast.

With the increasing use of newer technologies in night vision surveillance cameras and the rising turnover of the industry, the price of these devices is likely fall significantly in near future. This is going to benefit the end-users.

Segmentation of the Night Vision Surveillance Camera Market

The night vision (IR) surveillance camera market is categorized by shape, size and end-users. By shape, this market is categorized into bullet camera,dome camera, andbox camera. By type, it is categorized as fixed camera and PTZ camera. In terms of end-users, the night vision (IR) surveillance camerais segmented into these categories – publicsector, defence, retail, transportation, industrial, stadiums, business organizations, and others. 

Dominant and Growing Markets for Night Vision Surveillance Camera 

In 2016, North Americawas the largest market for night vision surveillance cameras, accounting for nearly half the global market share. In this region, the use of the night vision camera has greatly helped in resisting and fighting terrorism by gathering information about terrorist activities and their perpetrators.Creation of advanced military infrastructure and availability of greater defence funds have boosted the growth of the night vision surveillance cameras industry in the region.

Higher spending by the developed economies in North America on public sector and private sector provides great opportunities for the sale of advanced security equipment such as night vision surveillance cameras. The European market will also be among the fastest growing markets for these devices in the coming years for the reasons which have boosted their demand in North America.

Other regional segments such as Europe, Asia–Pacific, Latin America, the Middle East and Africa offer great growth prospects for night vision surveillance cameras. In developing nations,which are engaged in the process of asset development, there would be an increased requirement for security products.The increasing manufacture of surveillance products in Asia-Pacific and the presence of global playerswill create substantial opportunities for the sale of surveillance cameras in the region.

Major Market Players in the Industry:Axis Communications, BAE Systems, FLIR Systems, Hikvision Digital Technology, L-3 Communications, Pelco, Raytheon, Robert Bosch, Samsung Electronics, and, Honeywell.

Conclusion

Growing concern over terrorism and security has led governments, organisations and institutions the world over to adopt advanced technologies such as night vision surveillance cameras. Other applications of the night vision surveillance camera which boost this market are traffic management, natural disasters, criminal activities, and accidents. The market trends such as innovation, competition, and development in technology have led to reduction in the price of advanced security surveillance systems which will greatly boost growth of the industry.

For more coverage click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/night-vision-surveillance-camera-prospects/86837-95.html

Related Reports

2016 Global Camera Module Market Status, 2011-2022 Market Historical and Forecasts, Professional Market Research Report

Global Security Labels Industry In-Depth Investigation and Analysis Report 2017

 

Contact: Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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Egypt agricultural machinery market GDP per Capita and Population Demographics

Posted on 20 March 2017 by KenResearch Agriculture and Animal Care ,

The Gross Domestic Product of Egypt has inclined from USD ~ billion during 2011 to USD ~ billion during 2016, achieving a CAGR of ~% during the period 2011-2016.

The services sector contributed ~% to overall GDP during 2016 from ~% during 2011. The country’s service sector has readily benefited from Banking and Financial Institutions coupled with globalization.

The industrial sector generated revenues amounting to USD ~ billion during 2016 from USD ~ billion during 2011. Since the 2011 revolution, the industrial sector has been put at the forefront of government plans for economic growth.

The total revenue generated by the agriculture sector in Egypt is projected to incline from USD ~ billion during 2017 to USD ~ billion during 2021. Contribution by this sector to overall GDP is expected to remain relatively stable in the future

The total urban population in the country stood at ~ million during 2016, inclining from ~ million during 2011. The total rural population in the country increased from ~ million during 2011 to ~ million during 2016 while the contribution by this segment decreased to ~% during 2016 from ~% during 2011.

The total population engaged in agriculture in Egypt was evaluated at ~ million individuals during 2016, inclining from ~ million individuals during 2011. This segment’s contribution to total labor force in the country inclined to ~% during 2016 from ~% during 2011.

The GDP Per Capita of the country inclined from USD ~ during 2011 to USD ~ during 2016. Political instability, corruption and terrorism have inhibited higher growth of per capita income in the country. GDP Per Capita (PPP) inclined to USD ~ during 2016 from USD ~ during 2011.

The GDP Per Capita of the country is projected to incline to USD ~ by 2021 from USD ~ during 2017.    

 

Source: https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/egypt-agricultural-machinery-market-report/87315-104.html

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Ken Research

Ankur Gupta,

Head Marketing & Communications

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Insurance Industry in Rwanda to Widen Its Reach: Ken Research

Posted on 09 March 2017 by KenResearch Banking Financial Services and Insurance ,

Ken Research has announced recent report titled, “Governance, Risk and Compliance – The Rwandan Insurance Industry” which provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance and also outlays various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

This report includes the details of the rules and regulations governing insurance products and insurance entities as well as lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast (2015–2020) periods. It well details the taxation imposed on insurance products and insurance companies along with information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. 

It also earns the insights into the insurance regulatory framework in Rwanda and tracks the latest regulatory changes, and expected changes impacting the Rwandan insurance industry.

The Rwandan insurance industry is mainly regulated by the National Bank of Rwanda and has successfully managed to continuously attract new entrants because of its low penetration and growing economy. The unfavorable regulatory framework in Rwanda had earlier restricted demand for insurance by applying 18% VAT to insurance premiums but with the years this VAT has declined to allure more people to get insured.

The Rwanda Revenue Authority had in earlier years raised the taxes to discourage used car imports and reduce carbon emissions to control the circumstances and ultimately it proved to be fruitful for the industry on a whole.

The elderly population of the country is less in comparison to the younger population but it has augmented the awareness of retirement-related life products such as pension, annuity and superannuation insurance over years due to fear of facing the after effects of untimely deaths soon.

The non-life insurance segment of this industry had reckoned for 68.8% of the industry's gross written premium in 2015. Professional indemnity insurance and Motor third-party liability insurance for insurance intermediaries have recently become mandatory in Rwanda in order to safeguard the people from huge losses otherwise in their absence.

National Bank of Rwanda has now even allowed 100% foreign direct investment in the industry that is seen to benefit the industry in the long run with more and more people getting insured and the industry making huge profits.

Though non-admitted and composite insurance both have not been permitted in the Rwandan industry since insurers tend to seek more benefits than they should and over exploit the advantages they get from getting insurance, still the industry is expected to progress at an improving CAGR year after year with evolving demands in the years to proceed.

 

For more coverage click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-rwandan-insurance/4943-93.html

Related links:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-floridian-insurance/84898-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-hong-kong-insurance/4928-93.html

 

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Pathology Tests to dominate India Diagnostic Laboratories Market over Radiology Tests

Posted on 09 March 2017 by KenResearch Healthcare ,

Diagnostic laboratories owned by private players like SRL Diagnostics, Dr Lal PathLabs, Metropolis and Thyrocare and other organized and unorganized players have been significantly increasing both in terms of number and revenue over the years.

Despite of the high prices that they charge for tests, they are able to attract customers for the kind of technology they use and the facilities they offer to the patients. Such high prices add to their revenues and make them acquire a large share in the overall market.

Biochemical testing of blood sugar level becomes a mandatory recommendation by the doctors after every regular interval of time owing to the growing prevalence of diabetes in the nation while for the diagnosis of cardiovascular disease lipid profiles play a similar role.

The economically sensitive population of the country, especially from the remote areas prefer government diagnostic centers for radiology services over private labs, making the services affordable to the masses. Price charges at government centers are comparatively cheaper and thus people often opt for such labs where they get similar tests done at a lower cost.

The advantage of providing diagnostic services to the patients just after consulting the doctors within the least time possible is the major factor which has resulted in domination of hospital based laboratories in India private diagnostic laboratories market.

Reputed private hospitals including Apollo Hospitals Group and Max Healthcare have their own state-of-art laboratories within the hospital premises. These laboratories are well equipped to handle investigations related to biochemistry, haematology, microbiology, radiology and other specialized diagnostics.

With the advancements in technology in medical sector, the demand for radiology services has increased over the recent past, thus making more players enter the diagnostic laboratories market by way of radiology services. Additionally, rise in the number of diseases which requires in depth details of the body part to be diagnosed, has also led to the growth of radiology tests market. Growing heart attacks among the population of India has made people opt for preventive checkups, which involve radiology services being offered by diagnostic laboratories.

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

https://www.kenresearch.com/healthcare/diagnostics/india-diagnostic-lab-market-statistics/84893-91.html

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

query@kenresearch.com

+91-124- 4230204

 

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Experience Economy Association with Consumer Trend Analysis in FMCG Sector: Ken Research

Posted on 08 March 2017 by KenResearch Food and Beverage ,

Ken research has announced its recent publication on 'Trend sight analysis :Experience economy'. The report provides an comprehensive overview on the recently emerging experience economy. This report examines what Experience Economy means as a consumer trend and why it is important, who is likely to be the target audience, how FMCG brands can best capitalize on the trend, and what the future outlook for the trend will be, It further compares the presence of this trend in each industry across the FMCG space, and analyses the key opportunities.

The entire economic progress of the world can be divided into four stages- agrarian economy, industrial economy , service economy and now the recently emerging experience economy. Today , the customers are increasingly demanding experiences and hence more and more businesses are responding by explicitly designing and promoting them. This term was first coined by  B. Joseph Pine II and James H. Gilmore, in a 1998 article titled "The Experience Economy". According to them business must make memorable events for the customers and then the memory itself becomes a product i.e. the experience . Now a days, the service economy agents wrap certain experiences around the old products to sell it better. An experience thus takes place, when a company intentionally uses goods as props and services as the stage so that their customers engage in a way that creates a memorable event. Just as Commodities are fungible, goods tangible, services intangible , the experiences are memorable.

Experience Economy is a trend with growth prospects across almost all FMCG categories, including but not limited to Food, Alcoholic Drinks and Cosmetics & Toiletries. It reflects consumer desire for more immersive consumption experiences, and stems from consumer dissatisfaction with the nature and context of everyday consumption.Brands must do more to attract consumers by building experiences or moments into products, and allowing consumers to experience products in unique, highly personalized ways.

For more information click on the link below

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/trendsights-analysis-experience-economy/78856-11.html 

Related links

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/opportunities-threats-fmcg-industry/8518-11.html 

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/fmcg-industry-business-confidence-report-h2-2016/48886-11.html 

 

Contact: 
Ken Research

Ankur Gupta, Head Marketing & Communications

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Zinc Battery Industry to Propagate Globally: Ken Research

Posted on 06 March 2017 by KenResearch Energy and Utilities ,

Ken Research has announced its recent publication titled, “Global Zinc Battery Industry In-Depth Investigation and Analysis Report 2017” which highlights the detailed comprehensive analysis of the current state of the industry with a major focus on the Chinese market. 

The report explores the Zinc Battery in the global market, particularly in countries including North America, Europe, China, Japan, Southeast Asia and India. It well offers the production, revenue, consumption, and import, export data of the regions catered to, from 2011 to 2016, along with forecasts to 2020.

Report provides a thorough knowledge of the historical information, forecasts, company profiles, technologies, market outlook, industry market trends and related parameters within the Zinc Battery Industry. 

INDUSTRY TRENDS

The compounded annual growth rate of zinc battery industry had been 2.1% for the years of review. While, industries of the zinc batteries in countries namely United States, Europe, Japan, and China have recently reckoned for 45% of the global consumer market share.

At present, the demand for portable batteries has been increasing on a daily basis since with technological improvement; high-energy pulse coupled with the battery has formed a portable device that is 60% smaller than the usual devices and even the pulse power along with batteries have delivered long-term power solutions to high-end portable sophisticated devices. The alkaline battery type segment has posed a threat to this industry during 2015 and is expected to retain its market position by the end of 2020 but the zinc batteries still carry the importance that they have had since the very beginning and consumers resist from switching to new kind of batteries as they are costly in comparison too. 

The average output growth rate of the industry in China has been registered as 2.5% and it is further trusted that it will augment speedily with an average growth rate of 2.4% in the coming years. The demand for this industry is forecasted to ameliorate unceasingly as the market of zinc battery industry veers to be concentrated in economic developed regions and the consumer markets in the region of emerging economies like China, India, Brazil, etc are on the ascend.

The global market for primary zinc batteries is projected to grow moderately at a CAGR of over 4% by 2020 and even more progress is further expected in the years to proceed after 2020 with innovations coming up and demand for much needed batteries rising as well. 

 

For more coverage click on the link below:

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