Market Overview:
Assistive technology refers to devices or equipment that help people with disabilities perform tasks that may otherwise be difficult or impossible. This includes mobility devices like wheelchairs, hearing aids that help with hearing impairment, computer software and hardware that aids people with visual and mobility impairment. The growing geriatric population and increasing cases of chronic illnesses and disabilities have intensified the need for assistive technologies. Market key trends: One of the major trends driving the assistive technology market is increasing prevalence of disabilities worldwide. According to WHO, over 1 billion people live with some form of disability globally. The numbers are expected to increase multi-fold with aging population. Technological advancements are enabling development of more effective and affordable assistive devices. Wearable and ambient assisted living technologies are gaining traction. Furthermore, supportive government policies for people with disabilities coupled with improving access to rehabilitation services are further propelling the demand for assistive devices. The global Assistive Technology Market Demand is estimated to be valued at US$ 22.98 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Porter's Analysis Threat of new entrants: The assistive technology market requires significant investments in R&D making it difficult for new players to enter. Bargaining power of buyers: Individual consumers have low bargaining power due to availability of limited product options. However, governments and large organizations have high bargaining power due to bulk purchasing. Bargaining power of suppliers: Major players control the supply chain resulting in moderate level of bargaining power of suppliers. Threat of new substitutes: Technological innovations may lead to new substitutes, increasing threat over the forecast period. Competitive rivalry: The market is consolidated with top players holding major market share intensifying competitive rivalry. SWOT Analysis Strengths: Established brands and extensive product portfolios. Large R&D investments result in continuous product innovations. Weaknesses: High costs of assistive devices limit accessibility. Lack of adequate insurance coverage and reimbursement policies. Opportunities: Growing geriatric population and rising awareness drives demand. Expanding into emerging markets offers new opportunities. Threats: Slow adoption rate in developing nations. Stringent regulatory norms delay product approvals. Key Takeaways The global Assistive Technology market is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing incidence of disabilities worldwide. North America dominates the market currently owing to supportive reimbursement policies and advanced healthcare infrastructure in the US and Canada. Europe follows next led by Germany, UK and France. Key players operating in the assistive technology market are Invacare Corporation, Ottobock SE & Co. KGaA, Sonova Holding AG, GN Store Nord A/S, MED-EL, Cochlear Limited, Permobil AB, Sunrise Medical LLC, Tobii AB, ResMed Inc., Sivantos Group, Ai-Media, Phonak AG, Starkey Hearing Technologies, Dynavox Systems LLC. Major players focus on partnerships, mergers and acquisitions for business expansion to strengthen their market presence. Read More: https://www.ukwebwire.com/new-avenue-for-animal-healthcare-market-growth-trends-and-forecast-analysis/
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Animal Healthcare Market Is Estimated To Witness High Growth Owing To Growing Pet Ownership Trends11/24/2023 Market Overview:
The animal healthcare market consists of products that ensure the health and well-being of companion animals and livestock. These include vaccines, pharmaceuticals, feed additives, and diagnostic tools. Regular healthcare checkups and immunization are critical for animals to prevent the spread of zoonotic diseases and ensure optimum productivity. Market key trends: Growing pet ownership trends across the world are contributing to market growth. According to the American Pet Products Association, around 85 million households own at least one pet in the U.S. Further, increasing per capita animal healthcare expenditure and rising animal protein consumption worldwide are augmenting demand for improved livestock productivity through vaccination and preventive care. Governments and animal welfare organizations are promoting population management programs for companion animals, which is fueling the adoption of pharmaceuticals and immunobiologicals. Rapid pet humanization is another key trend shaping the animal healthcare industry as consumers are willing to spend more on advanced treatment options for their pets. The global Animal Healthcare Market Growth is estimated to be valued at US$ 50.45 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Porter’s Analysis Threat of new entrants: High capital requirements for R&D and regulatory approvals pose barriers for new players. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternative treatment options. Bargaining power of suppliers: Suppliers have moderate bargaining power due to differentiated products and need for specialized materials. Threat of new substitutes: Threat is moderate as alternative treatment methods are niche compared to pharmaceutical products. Competitive rivalry: High as major companies compete for market share through product innovation, cost efficiency, and marketing. SWOT Analysis Strengths: Established distribution network, product diversification, high R&D investment. Weaknesses: High capital intensive market, stringent regulatory approvals, vulnerability to disease outbreaks. Opportunities: Growth in companion animal ownership, rising meat consumption driving demand for animal health, technological advancements. Threats: Rising raw material costs, global trade barriers, threat from alternative therapies. Key Takeaways The global Animal Healthcare Market is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing pet ownership across the world. The North America region currently dominates the global market, owing to high per capita animal healthcare expenditure and availability of advanced veterinary healthcare facilities in countries like US and Canada. Asia Pacific is expected to be the fastest growing region due to rising livestock population and increasing awareness about animal healthcare in countries like India and China. Key players operating in the Animal Healthcare market are Bayer AG, Boehringer Ingelheim GmbH, Cargill Inc., Ceva Santé Animale, Eli Lilly and Company, DSM, Merck & Co., Inc., Novartis AG, Nutreco N.V., Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Vétoquinol S.A., Zoetis Inc. These players are focusing on new product launches, acquisitions and geographical expansion to increase their market share. Read More: https://www.ukwebwire.com/new-avenue-for-animal-healthcare-market-growth-trends-and-forecast-analysis/ The Air Defense Systems Market provides protection against airborne threats like Aircraft, UAVs, Cruise Missiles, Helicopters, Air to Air and Surface to Air missiles. Air Defense Systems use radar systems, missile launchers, missiles and command & control units to detect, track, intercept and destroy threats in airspace.
Market Overview: Air defense systems play a vital role in national security by providing protection from aerial threats. Various types of air defense systems like missile defense systems, anti-aircraft guns and systems use advanced radars, missiles and command and control systems. Air defense systems offer advantages like early detection of threats, long range surveillance capabilities and effective interception of enemy projectiles before reaching their targets. Market key trends: Technological Advancements in Air Defense Systems: Major players in the market are focusing on development of advanced air defense systems equipped with new technologies like AI, machine learning and cyber capabilities. For instance, development of 5th generation surface to air missile systems integrated with augmented reality features for enhanced tracking and targeting. Upgrade of existing systems with advanced radars improving detection ranges. Such technological upgrades are improving efficiency and effectiveness of air defense. The global Air Defense Systems Market Demand is estimated to be valued at US$ 16.94 Mn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Porter's Analysis Threat of new entrants: High capital requirement for R&D and manufacturing prevents new companies from entering easily in this market. Bargaining power of buyers: Buyers have moderate bargaining power as there are several established players offering varied product portfolios. Bargaining power of suppliers: Suppliers have low bargaining power due technical expertise and components required. Threat of new substitutes: Low threat due to lack of viable substitutes that offer similar defense capabilities. Competitive rivalry: High due to presence of large global players. SWOT Analysis Strength: Technological edge and extensive R&D capabilities along with strong after-sales support. Weakness: Huge capital requirement and long product replacement cycles. Costly maintenance of systems. Opportunity: Growing defense budgets of developing countries provides new growth opportunities. Rise in asymmetric warfare and increased cross border tensions. Threats: Stringent export regulations and Arms trade laws can impact business. Economic slowdowns can impact spending. The global Air Defense Systems Market Demand is estimated to be valued at US$ 16.94 Mn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Key Takeaways The global Air Defense Systems Market is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing geo-political tensions and rise in asymmetric warfare across regions. Regionally, the North America Air Defense Systems Market is expected to dominate during the forecast period. This is attributed to increasing defense modernization programs in the US and Canada. The Asia Pacific region is anticipated to grow at the fastest pace due to rising defense budgets and procurement programs in China, India, Japan and Southeast Asian countries. Key players operating in the Air Defense Systems market are Hanwha Defense, Raytheon Company, Aselsan AS, Israel Aerospace Industries Ltd., The Boeing Company, Rheinmetall AG, Northrop Grumman Corporation, Thales Group, Kongsberg Gruppen, Lockheed Martin Corporation, Leonardo SpA, and SAAB AB. Read More: https://www.ukwebwire.com/the-new-avenue-for-air-defense-systems-market-growth-trends-and-forecast-analysis/ Market Overview:
Anime refers to animation style that originated in Japan. It incorporates elements such as comic art style, character expressions and colorful graphics. Anime covers various genres including comedy, action, romance and thriller. Anime films and television shows provide entertainment and escapism to viewers. Their rising popularity among youth globally is driving demand. Market key trends: One of the major trends driving growth in the anime market is the rising popularity of anime among youth population globally. The youth population is increasingly adopting anime culture and spending more on anime content across films, television shows and merchandise. According to a survey, nearly 60% of new anime watchers and fans are below 25 years of age. Easy access to anime content through streaming platforms and rising fandom for specific anime franchises on social media are helping to further increase popularity of anime among youth. This is expected to continue driving demand as the youth population expands. Porter's Analysis Threat of new entrants: Low barriers to entry allow for anime newcomers but established players have loyal fanbases. Bargaining power of buyers: Viewers have many options from small independent to large studios so pricing power is limited. Bargaining power of suppliers: Creators and voice actors are critical resources so their bargaining power over royalties and contracts is considerable. Threat of new substitutes: Live-action films and Western animation pose threats but anime appeals to niche otaku culture globally. Competitive rivalry: Intense competition among major studios leads to innovation in genres, stories and animation styles to gain viewers. The global Anime Market Size is estimated to be valued at US$ 32.38 Bn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. SWOT Analysis Strengths: Unique animation styles and genres appeal to global anime fandom. Established studios have devoted fans and production experience. Weaknesses: Over-reliance on fan favorites risks creatively stagnating. Revenue heavily tied to physical media sales vulnerable to piracy and streaming shifts. Opportunities: Growing international demand offers expansion potential. Interactive formats like video games and live events broaden monetization. Threats: Piracy undercuts sales and intensifying competition from streaming services disrupts business models. Key Takeaways The global anime market is expected to witness high growth, exhibiting CAGR of 17% over the forecast period, due to increasing popularity of Japanese cultural exports and growing fandom worldwide. The Asia Pacific region currently dominates the anime market share owing to strong demand from Japan, China and South Korea. Regional analysis shows North America is fastest growing market for anime content driven by expanding subscriber bases of streaming platforms in the region along with growing acceptance of anime as mainstream entertainment. Meanwhile, European countries like UK, France and Germany are also promising regional anime markets with dedicated fan communities and local dubbing/subbing studios emerging. Key players operating in the anime market are Production I.G, Inc., Studio Ghibli, Inc., Pierrot Co., Ltd., Sunrise Inc., Toei Animation Co., Ltd., BONES INC, Kyoto Animation Co.,Ltd., MADHOUSE Inc., Manglobe Inc., and PAWORKS Co., Ltd. Major studios continue expanding their libraries across multimedia formats and licensing content globally to capitalize on rising fandom and commercial potential of anime worldwide. Read More: https://www.ukwebwire.com/the-new-avanue-for-anime-market-size-and-share-analysis/ The Alcoholic Beverages Market Is Estimated To Witness High Growth Owing To Health-Conscious Trend11/9/2023 Market Overview:
The alcoholic beverages market involves the production and distribution of intoxicating alcoholic drinks. This includes beer, wine, spirits, and mixed drinks. Alcoholic beverages are widely consumed around the world for enjoyment as well as for social and cultural purposes. The market offers a variety of beverage options for consumers to choose from according to their preferences. Market key trends: The alcoholic beverages market is witnessing a major trend of increasing adoption of low- and no- alcohol drinks owing to rising health-consciousness among consumers. In recent years, there has been an increase in demand for low-alcohol and alcohol-free beverage options among consumers who are looking to reduce their alcohol intake for health reasons. Many consumers, especially millennials, are opting for low-alcohol drinks in order to avoid the calories and negative effects of excessive drinking. To tap into this consumer trend, major alcohol brands are introducing new product ranges with differentiated alcohol content including no-alcohol options. For instance, large beer companies are offering alcohol-removed and low-alcohol versions of their flagship brands. This increasing focus on health-conscious alcoholic drinks is expected to open up new opportunities for innovation and growth in the market over the forecast period. The global Alcoholic Beverages Market Demand is estimated to be valued at US$1,769.41 Bn or Mn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Porter's Analysis Threat of new entrants: High capital requirement for production facilities and distribution networks act as entry barriers in the alcoholic beverages market. Moreover, established brand loyalty makes it difficult for new players to gain market share. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute and private label products. However, strong brand loyalty limits their influence. Bargaining power of suppliers: A few major companies dominate production of raw materials like grains and spirits, giving them significant influence on pricing. However, availability of substitute inputs provides some balance. Threat of new substitutes: Non-alcoholic beverages and cannabis-based products pose a threat, though brand loyalty and social/cultural factors supporting alcohol consumption mitigate this threat. Competitive rivalry: The market is highly competitive with major global players competing on basis of brand, product variety, pricing and distribution. SWOT Analysis Strengths: Strong brands, product innovation, global distribution networks, economies of scale in production and marketing. Weaknesses: Vulnerability to regulations on pricing, advertising and taxation. Heavy taxation increases production costs. Opportunities: Expanding into emerging markets, premiumization trend offering higher margin products, diversifying into related sectors like tourism. Threats: Rising health consciousness, binge drinking concerns, alternative intoxicants, regulations on consumption. Economic slowdowns negatively impact discretionary spending on alcohol. Key Takeaways The global alcoholic beverages market is expected to witness high growth, exhibiting CAGR of 2.5% over the forecast period, due to rising socializing habits and disposable income in emerging economies. Developing regions like Asia Pacific and Latin America contribute significantly to global market growth. Regional analysis: Asia Pacific dominates the global market currently due to large population, cultural acceptance of drinking and rising incomes in China, India and other economies. It is anticipated to capture over 30% market share by 2030 with China outpacing others in growth. North America and Europe are also substantial markets though growth has slowed due to maturation. Key players operating in the alcoholic beverages market include Halewood International Limited, Davide Campari-Milano N.V, Diageo, ASAHI GROUP HOLDINGS, LTD., Accolade Wines, Bacardi, Mike's Hard Lemonade Co., CASTEL FRÈRES., SUNTORY HOLDINGS LIMITED, Anheuser-Busch Companies LLC, Brown‐Forman and Pernod Ricard. Leading companies are expanding through strategic partnerships, mergers and new product innovations targeting premium and craft sectors. Read More: https://www.ukwebwire.com/new-avanue-for-alcoholic-beverages-market-size-and-share-analysis/ |
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