Chinese laboratory informatics market was majorly dominated by the laboratory information

The Chinese laboratory informatics market was in its embryonic stage in 2019. The market is majorly driven by the healthcare and life sciences institutions, while the penetration in other industries such as chemicals, petrochemicals, food and beverages, environmental testing, etc. remains infinitesimal with minute scope for adoption in the near future as well. It has been found that the adoption of laboratory informatics is restricted to premier healthcare & life sciences institutions in China. Moreover, an IT integration in specialty care centers has been rising due to the rise in private investments, focusing on improving operational efficiency by accessing real-time data inputs.

During 2017-19, the country’s healthcare institutions received investments of around USD2.1 bn. A considerable amount was allocated towards establishing informatics, data analysis, AI and other disruptive solutions.  The government has also been emerging as a key stakeholder in the healthcare market as the limitation on the opening of general clinics, third-party medical institutions are removed. These developments are set to boost the adoption of laboratory informatics market in the forthcoming years in China.

The Chinese laboratory informatics market was majorly dominated by the laboratory information management systems in 2019. Also, the deployment of Scientific Data management Systems in China has been witnessing an uptick on account of rising demand for automatic file processing, automation of the approval methodology of key SOPs, creating a customized workflow in addition to ensuring regulatory compliances.

With the integration of technology towards cost-cutting and driving innovation, the laboratory informatics installation is soaring in the pharmaceuticals and biotechnology centers of China. ThermoFisher, Perkin Elmer, Waters, LabWare, LabVantage, Autoscribe, Abbott, Agilent, dominated the Chinese lab informatics market. Companies operates through a local channel partner to expand their presence in China 

According to the European Centre for Disease Prevention and Control, the US recorded 759,687 coronavirus cases as of 20 April 2020. For more detail visit us at marknteladvisors.com or call us at +1 (613) 707–5086 or +91 120 4725470

Awareness For UAE dietary supplements market's health benefits

The UAE dietary supplements market is driving due to growing awareness about health benefits from supplements and the easy availability for a broad range of dietary supplements available in the country. Moreover, increasing trend of wellness centers among the population, and government initiatives to spread awareness about health is supporting the UAE market to grow from the past few years. The growing aging population would further contribute to the growth of dietary supplements market over the next 5 years.

In the geriatric age, the population is not able to fulfill recommended dietary allowances owing to insufficient dietary intake, which is leading the product demand in the country.  In 2019, the geriatric population of the country stood at around 18% of the total population, which is expected to grow to around 29% in the next few decades. Therefore, the need for dietary supplement is set to snowball during the forecast period. 

The demand for vitamin supplements is rising among the UAE population owing to increase in Vitamin D deficiency across the country. In the UAE, around 90% of inhabitants are suffering from the deficiency of vitamin D. Risk of vitamin D deficiency in pregnant women surge risk of preeclampsia and premature delivery. The demand for vitamin dietary supplements among pregnant women is rising, which is supporting the vitamin segment to grow from the past few years.

Moreover, the growing awareness regarding the benefits of consuming vitamin D supplements further supports the UAE dietary supplements market to grow. Some of the benefits are mentioned below:

·       Reduced risk of Cardiovascular Disease

·       Decline risk of Type 2 diabetes

·       The demand for the multivitamin/ supplement tablets is more in comparison to other form on account of ease of availability among end-users and other features such as inexpensive, high self-life and easy material packaging. While the demand, for capsules, is also high as it helps in decreasing gastrointestinal irritation, offers protection from sensitive ingredients, enable unique mixes of ingredients, etc.

·       Increasing acceptance of organic supplements among consumers, rise the adoption of powder-based dietary supplements. Also, the sales of powder supplements are surging due to easy consumption with beverages and other food products.

Global hospital EMR (Electronic Medical Record) system market is projected to grow at a CAGR

    (Electronic Medical Record) system market is projected to grow at a CAGR 9% during 2020-25. Major factors driving the market are

Global hospital EMR

   Rising government support for the adoption of EMR and the need to curtail increasing healthcare costs are a few of the prime reasons.

    Introduction of software and its integration along with interoperability is further supporting the market.

     As the healthcare industry is dependent on vendors to implement, consult, and storage, these services help doctors, to access patient information to ensure accurate and safe treatments. In such a competitive scenario, EMR act as a tool for facility managers and owners to gain maximum output of the data by studying the pattern of the patient for a specific disease or therapy.

    General EMR accounts for a majority share in 2019 and further also it is projected to have major dominance through 2025. The major share of general EMR can be attributed to hospitals with multi-function, multi-specialty capabilities of general EMRs enabling their use in various specialties through flexible functioning and incorporated plugins.

Asia-Pacific

Asia-Pacific region is expected to account for the highest market growth rate through 2025 on account of several investments and reforms to modernize China's healthcare infrastructure, the digital healthcare scenario in India, “One Singaporean, one health record” initiative in Singapore and the execution of e-health initiatives in Australia. With the help of EMR there can be effective treatment across different healthcare settings to track patients’ medication information and history such as diagnostic information, medical history, laboratory & tests results, allergy information and other information. Government initiative to increase adoption of EHR system such as the Centers for Medicare & Medicaid Services (CMS) has conducted Promoting Interoperability (PI) Programs to emphasize improving patients’ access to health information and achieve interoperability.

Soaring Investment in Transmission & Distribution (T&D) Utility Sector, Proliferating the Switchgear Market Globally

Switchgear are the switching devices, comprises of electrical disconnect switches, circuit breakers which is used to protect and control the electrical equipment used in power generation, transmission and distribution.

The switchgears are applied to control the power supply of both high as well as the low voltage power systems or the transformer. The basis and the foremost function of the switchgears is to protect the electric appliances from the unusual damage mainly caused due to power fluctuations.

According to MarkNtel Advisors’ research report “Global Switchgear Market Analysis, 2020”, the market size for Switchgear across the globe is set to surge at a CAGR of around 6% during 2020-25. The switchgear market is the mature market due to its limited applications in the T& D utility, industrial and commercial power sectors. The rising trend in the global switch gear market can be witnessed on behalf of the boosting urbanization and industrialization in the emerging economies collaborated with revitalizing investment in the construction and infrastructure activities.

Further, the rising demand for energy efficient power generation and transmission system and the replacement of conventional aging transformers and grid with the smart automated technology in power generation, transmission and distribution, is expected to proliferate the global switchgear market in the upcoming years.

T&D Utility End User Segment holding the leading Market Share

In 2019, the T&D power generation, transmission and the distribution utility sector dominated the global switchgear market as revealed by MarkNtel Advisors, research report on “Global Switchgear Market Analysis, 2020”. The market dominance by the sector has been anticipated to prolong in the future owing to the increasing public- private investments in the power contributing the market growth.

Moreover, increasing technological enhancements in the power transmission and distribution system, in order to provide uninterrupted power supply and reduce the damage from power outages has been proliferating the market growth of medium and high voltage switchgear appliances from this sector.

According to Markntel Advisors, the substantial players in the global switchgear market includes ABB, Siemens, Schneider Electric, GE, Hyundai with more than 40% market share. The other players in the list of switchgear market includes, CG Power and Industrial, Fuji Electrics, Mitsubishi, and many others.

“Global Switchgear Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decision, hotspots and opportunities available for Switchgear providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings. 

     

Industry Segmentation:

1.     By Insulation (Gas Insulated Switchgear, Air Insulated Switchgear, Oil Insulated Switchgear, Vacuum Insulated Switchgear)

2.     By Installation (Indoor, Outdoor)

3.     By Voltage (Low, Medium, High)

4.     By End User (T&D Utility, Industrial, Commercial, Residential)

5.     By Region (North America, South America, Europe, Middle East and Africa, and Asia- Pacific)

6.     By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, France, Saudi-Arabia, UAE, Kuwait, South Africa, China, India, Japan, South Korea, and Australia),

7.     By Company (General Electrics, Hitachi, ABB, Siemens Group, Toshiba, Fuji Electrics, Mitsubishi, and Others)

1.     Key questions answered in the study

1.     What are the current and future market trends of the Global Switchgear industry?

2.     How the industry has been evolving in terms of end-user demand and application areas?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Global Switchgear industry?

5.     What are the customer orientation, purchase behavior, and expectations from the Switchgear suppliers across various regions?

Growing Dominance of China in Global OTR Tire Market During 2020-25

Market Overview

The construction equipment sector is moving towards recovery and is expected to exhibit positive signs during 2020-25. With the growing construction and mining in MEA and APAC, the demand for OTR tires is surging at a considerable pace. However, North America would also present immense opportunities for OTR tire suppliers owing rise in mining activities The rise in urbanization, construction and mining activities, has also influenced the demand for OTR tires globally. Modernization of agriculture is on the full swing in APAC, with rising sales of tractors, harvesters, and combines.

Global Off the Road (OTR) Tire Market Analysis, 2020

Agricultural tires captured a lower market share in recent years. Moreover, with the increased agricultural activities the demand for OTR tires rising at a considerable pace.

Increased government investments and foreign direct investment in construction activities in Asia-Pacific are anticipated to boost the demand for OTR tires. China grabbed the largest market share in Asia-Pacific followed by India, Malaysia, and Indonesia in 2019 on account of increasing construction and agricultural activities. The construction market in the Asia Pacific region is forecast to exceed USD1 trillion through 2025. Therefore, the region would be the hotbed for the OTR tire suppliers.

Asia-Pacific is the leading manufacturer of OTR tires and exports to North America and Europe. Latin America shows a positive growth rate and has an emerging potential for the OTR tire market due to the enormous mineral deposits.

Market Outlook and Statistics

According to the MarkNtel Advisors research report “Global Off the Road (OTR) Tire Market Analysis, 2020”, the CAGR of the global OTR tire market is anticipated to be around 4.20% during 2020-25. The overall sales of the vehicles are increasing positively thereby snowballing the demand for OTR tires. 

The dominance of bias tires in Asia-Pacific and Latin America is projected to persist during the forecast period as well. However, the demand for radial tires is growing at a substantial rate and is projected to increase during 2020-25. Manufacturers such as Continental AG, Yokohama, and Bridgestone are investing in the research and development of the radial tires to enhance the quality of the tires.

According to MarkNtel Advisors research report “Global Off the Road (OTR) Tire Market Analysis, 2020”, in 2019, Earthmoving & construction equipment (excavator, loader, Crane, rollers, bulldozer, etc.) grasped more than 50% of the market share owing to their enormous application areas in mining, construction, and roads.

OTR tires are comparatively costly than the basic tires. A certain price difference in Chinese tires has been observed as compared to global manufacturers. Therefore, to avoid market disturbance several governments imposed anti-dumping duties on Chinese OTR tires for importing the tires, especially in Mexico and Brazil.

Asia-Pacific to Lead the Global OTR tire Market

China is the leading manufacturer of OTR tires as the country exports primarily to Latin America, Asia, and South Africa as these regions price sensitive. The demand for the OTR tires is expected to magnify in the forthcoming years on account of the extensive use by construction and mining equipment. However, due to the series of anti-dumping duties implemented by countries such as Brazil and Argentina have contributed positively towards the greater prominence of the American and European OTR tire suppliers. Latin America especially Mexico and Brazil are the major contributors fueling the demand for OTR tires with increasing mining activities.

With the rising foreign investments and government initiative in the construction sector, the demand for the OTR tire is predicted to surge during 2020-25. North America grabbed a substantial market share in 2019 on account of the presence of OEMs and rising construction activity. Latin American market is turning out to be highly competitive and productive owing to the presence of enormous mining deposits in the country.  

Competitive Benchmarking

The key major players contributing to the growth of global OTR tire market are Yokohama, Goodyear, Michelin, Continental, Apollo, Bridgestone, Zhongce Rubber Company, Triangle, Giti, Pirelli, Sumitomo, Hankook, Nokian, Hankook and Others as revealed by MarkNtel Advisors in their research report, “Global Off the Road (OTR) Tire Market Analysis, 2020”. 

“Global Off the Road (OTR) Tire Market Industry Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and opportunities and challenges available for OTR tire manufacturers and suppliers providers across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.

 Market Segmentation:

1. By Type of Equipment (Construction & Earthmoving Equipment, Material Handling, Agricultural Equipment)
2. By Type of Product (Excavator, Loader, Grader, Bulldozer, Road roller, Tipper, Forklifts, Cranes, Others)
3. By Demand Type (OEM Vs Replacement)
4. By Type of Tire (Radial, Bias and Non-Pneumatic Tires)
5. By End Users (Construction, Industrial, Mining, Agricultural, and Ports)
6. By Price Category (Budget, Economy, Premium)
7. By Regions (North America, South America, Europe, Middle East, Africa, and Asia-Pacific)
8. By Countries (United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Cuba, Turkey, Russia, United Kingdom, Germany, Italy, France, Poland, Ukraine, Hungary, Spain., Sweden, Saudi Arabia, UAE, Iran, South Africa, Nigeria, Algeria, Morocco, Algeria, Ethiopia, Sudan, Somalia, China, India, Japan, South Korea, Australia, Malaysia, Philippines, Thailand, New Zealand, Singapore, and Indonesia)
9. By Company  

Key questions answered in the study

1. What are the current and future market trends of the Global Off the Road Tire (OTR) Market? 
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the region? 
4. How the competition has been shaping across the region followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the Global Off the Road Tire (OTR) Market?
6. What are the customer orientation, purchase behavior, and expectations from the Off the Road Tire (OTR) across various regions? 

Rising Health Awareness among Millennials to Boost to Global Energy Drink Market

The growing health awareness, changing lifestyle and improper diet of the consumers across the globe specifically among the millennials is driving the global energy drink market in 2020. Also, the rising trend of marathons, yoga, and aerobics is intensifying the energy drink market across the globe. Moreover, manufacturers are offering organic drinks that are made up of green coffee beans, organic guarana, etc. which is gaining traction of health-conscious consumers. 

Increasing sports and fitness competition is also contributing the demand for the energy drinks. According to the Australian Institute of Sports Nutrition site, the carbohydrate content in these energy drinks helps in enhancing performance of the sports mans as the nutrients present in the energy drink  helps in the fast recovering and instant energy when required.

According to the MarkNtel Advisors’ research report, “Global Energy Drink Market Analysis, 2020” the global energy drink market is anticipated to grow at a CAGR of around 7.5% during 2020-25. North America captured the major market share on account of exceeding the working hours and hectic life schedules of the corporates. However, the demand for energy drink is also emerging from the APAC region due to rising sports and fitness enthusiasts. Moreover, expanding e-commerce market and online presence of the retailers with free home delivery options across the region is intensifying the growth of the energy drink market.

Energy Drink- A New Status Symbol For Youth

Based on the end-users, adults dominated the global energy drink market in 2019 due to the increasing trend of social gatherings, celebrations, and parties. Moreover, demand for non-carbonated beverages. Additionally, the variants in the energy drink offered by the manufacturer are gaining the youth’s attention. However, presence of substitutes such as juices, flavored milk and other healthy drinks which is offered at the low prices are the market restraints for the energy drink market as youth is shifting towards more healthy drinks as reveled by MarkNtel Advisors’ in its research report, “Global Energy Drink Market Analysis, 2020”

 According to MarkNtel Advisors, the global energy drink market is highly competitive as companies are introducing new variants of energy drinks. The key players in the industry are Red bull, PepsiCo., Monster Energy, Rockstar, etc., Moreover, the new launch by the companies to expend the geographical coverage is creating stiff competition among players. For instance, Coca-Cola announced to launch an energy drink “Coca-Cola Energy” in the United States which would be available in four flavors.

“Global Energy Drink Market Analysis, 2019” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for big data analytics in healthcare providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

Market Segmentation:

1. By Product Type (Organic, Non Organic, Natural)

2. By Product (Alcoholic, Non- Alcoholic)

3. By Target Consumer (Teenagers, Adults, Geriatric)

4. By Distribution Channel (On trade, Off trade)

5. By Region (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

6. By Competitors (Red Bull, PepsiCo, Monster Energy, Rockstar, Taisho Pharmaceutical, Amway Global, etc.)

Key questions answered in the study

1. What are the current and future market trends in global energy drink market? 

2. How the market has been evolving in terms of end-user demand and application areas?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for global energy drink market?

5. What are the customer orientation, purchase behavior, and expectations from the global energy drink provider across various regions? 

Rising Data Volume and Threat to Data Security Would Propel the Global Data Governance Market

Market Overview

Data Governance is the overall management of availability, integration, and security of information used in an enterprise. The spurring data volume and integration of cloud solution into the business virtual infrastructure for data storage and data sharing distribution, growing rate of cyber-attacks and data thefts, are some of the prominent factors contributing to the expediting demand for data governance across the globe. The volume of data is predicted to be exceed 160 zettabytes by 2025.

Market Outlook

According to Markntel Advisors’ research report “Global Data Governance Market Analysis, 2020”, the market size for Data Governance Markets across the globe is set to surge at a CAGR of around 22% during 2020-25. The escalating cyber thefts and the risk to data security, in addition to the improvement in business analytics and intelligence is expected to uplift the market for data governance in the years to come. Furthermore, the increasing regulatory compliance and mandates such as the GDPR (General Data Protection Regulation), passed in the EU law on data protection and privacy under the Data Protection Act 2018, among other such regulations are other influencing aspects for the global data governance market. 

Cloud-Based Solutions Projected to Capture the Highest Market Share.  

The majority of the operators in the global Data Governance market are offering cloud-based solutions to the customers, owing to its operational efficiency, low-cost maintenance, flexibility and high scalability. The expansion in the cloud-based solution market, resulting from the high-rate penetration of cloud-software’s across several verticals has been augmenting the segment growth.  

North America Region to Continue to Dominate the Market 

Based on the geographical segmentation, the North America region is expected to retain the tag of largest market through 2025 accounting to the involvement of huge capital investments allocated by private entities towards development and integration of cloud-based solutions. Besides, availability of skilled workforce in the major countries such as the US and Canada, results into an early adoption of latest technologies. 

Competitive Benchmarking

According to MarkNtel Advisors, the leading market players in the global Data Governance market are Oracle, SAP, Collibra, Informatica, Alation, TIBCO, Erwin, Talend, TopQuadrant, Information Builders, and others, and others.  

In April 2019, TIBCO Software Inc., in collaboration with Singapore Polytechnic (SP), expanded its data analytics Internet of Things (IOT) knowledge in the region. Moreover, the another IT giant IBM launched the Application Program Interface (API) kit by Watson on the IBM Cloud Pak for Data as in August 2019. The new launch would enable the company’s clients to combine and utilise Watson API from any location, irrespective of the data storage location.

“Global Data Governance Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decision, hotspots and opportunities available for data governance solution providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1. 1. By Application (Incident Management, Process Management, Risk Management, Audit Management, Data Quality & Security Management, Compliance Management)
2. 2. By Organization Size (SME’s, Large Enterprises)
3. 3. By Verticals (BFSI, Government & Defense, Retail & Consumer Goods, Energy & Utilities, Mining & Natural Resources, Healthcare, Manufacturing, Others)
4. 4. By Deployment Model (On Premises, Cloud)
5. 5. By Business Function (Operation & IT, Finance, Legal)
6. 6. By Component (Software, Services)
7. 7. By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific)
8. 8. By Country (US, Canada, Mexico, Brazil, Argentina, Germany, Spain, France, UK, Saudi-Arabia, UAE, South Africa, China, India, Japan, Australia)
9. 9. By Company (Oracle, SAP, Collibra, Informatica, Alation, TIBCO, Erwin, Talend, TopQuadrant, Information Builders, and others)

Key questions answered in the study

1. 1. What are the current and future trends of the Global Data Governance Markets industry? 
2. 2. How the industry has been evolving in terms of end-user demand and application areas?
3. 3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. 4. What are the key growth drivers and challenges for the Global Data Governance Markets industry?
5. 5. What are the customer orientation, purchase behavior, and expectations from the Data Governance Markets suppliers across various regions?