According to Renub Research latest report, "India Online Food Delivery Market, Size, forecast 2023-2028, Industry Trends, Share, Growth, Company Analysis" India's Online Food Delivery Market is estimated to reach US$ 29.33 Billion by 2028. Online food delivery is the process by which food ordered online is prepared and distributed to the consumer. An online food ordering system is a computer operating system that allows restaurants to accept and manage orders placed over the internet. The food delivery market is rapidly evolving. When it comes to expanding the current customer base and increasing revenue as a restaurant owner, being networked is the way to go.
Customers in tier I and II cities benefit from the market's rapid digitalization and accessibility to online food delivery services. Furthermore, increased internet and smartphone adoption, an increase in the number of working families, particularly rising female labor-force participation, and rapid lifestyle changes drive the trend.
Demand for app-based online food ordering in India is being driven by a growing smartphone user base and increased internet adoption. To attract customers, several online aggregators have partnered with restaurants to offer combo packages and single-serve meals. Furthermore, food delivery platforms have introduced subscriptions for loyal customers in order to eliminate the delivery fees that are imposed on each meal.
Economic growth and rising household income are expected to drive the market in the coming years, with consumers spending the most on food, housing, transportation, and communication. Furthermore, as they define food consumption patterns, the growing younger population with higher disposable incomes will provide additional impetus to industry growth.
Due to an Increase in Investment, the Restaurant-to-consumer mode will hold the Largest Market Share in India Online Food Delivery Market
The restaurant-to-consumer segment deals with the shipment, while the provider of online food delivery services handles the ordering process. To gain a foothold in the market, players using this model offer customers loyalty and subscription programs. Furthermore, integrating several restaurant chains with aggregators drives segment growth.
The platform-to-consumer model addresses food delivery planning and resource features while also providing shipment services to restaurants lacking in-house delivery resources and facilities. For example, Zomato has a large network with delivery services in almost every location, from urban to rural. They now serve over 30 million monthly active users, with customers in over 500 Indian cities.
Online Payment Services hold the Highest Market Share in India Online Food Delivery Market
Online payment services have the largest market share because they accept payments via payment portals, net banking, or credit/debit cards. The growing customer awareness of digital money, as well as the volume of partnerships between banks and online food delivery service providers, are driving the adoption of the online payment method.
Online payments are quickly becoming the preferred E-commerce payment method, and they will continue to dominate in the coming years. Local digital wallets such as Paytm, MobiKwik, and PhonePe, for example, compete with Google Pay, Amazon Pay, and others for this expanding E-commerce market.
Some customers still prefer cash on delivery (COD) because it ensures the security of their online payment transactions. Banks, on the other hand, are focusing on improving security and providing additional services to customers, which will help to change the system in the coming years.
In 2022, Bengaluru City had the Largest Market Share in India Online Food Delivery Market
The online food delivery industry is one of the fastest-growing sectors in the Indian e-commerce industry. Bengaluru is India's largest regional market for online food delivery. Young professionals, who are frequent users, account for a sizable proportion of the population. This group, which does not have functional kitchens in the places they stay, relies heavily on food technology. It is usually cheaper and tastes better than the fare at roadside eateries and paying guest accommodations when using the offers available on these aggregators. Furthermore, many of these professionals lack family in the city and long for home-cooked meals.
Fast Food has Supremacy in the India Online Food Delivery Market share due to its Wide Consumer Base
Fast food is one of the fastest-growing food types in India. Children are critical consumers, and fast-food companies do a variety of things to attract them. Consumers now prefer to spend their time and energy on activities other than food preparation. They are becoming more sophisticated as they gain more trust in the available fast-food brands on the market.
Males and females are equally career-oriented in today's world. Because there is double income, spending capacity increases, increasing the consumption of ready-to-eat food on a larger scale. Furthermore, the days must catch up with the work. People want to spend their free time away from their hectic work lives on entertainment and relaxation. Because of the scarcity of recreational opportunities, many people do not intend to cook and instead rely on fast food.
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Competitive Landscape:
Prominent companies competing currently in the India Online Food Deliver Market are Zomato, Swiggy, Jubilant Foodworks Ltd., Yum! Brands, Inc., Uber eats. Dominos, Mcdonald's, and Faasos.
Market Summary:
Type - Report covers India Online Food Delivery Market by type in 2 viewpoints
Restaurant to Consumers
Platform to Consumers
Payment - By payment, the India Online Food Delivery Market breaks up into two viewpoints
Cash on Delivery
Online
City - The Report covers India Online Food Delivery Market by the city in 6 viewpoints
Bangalore
Delhi NCR
Mumbai
Hyderabad
Pune
Others
Cuisine - By cuisine, the India Online Food Delivery Market breaks up into five viewpoints
Fast-food
Indian
Chinese
Italian
Others
Key Players- All the major players in India's Online Food Delivery Market has been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue)
Zomato,
Swiggy,
Jubilant Foodworks Ltd.
Yum! Brands, Inc.
Uber eats
Dominos
Mcdonald's
Faasos
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Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
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According to Renub Research’s latest report “China Movie Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” China Movie Market is estimated to grow at a CAGR of 9.71% from 2022 to 2028. China is the world's fastest-growing movie industry. In the coming years, China's box office revenue shall reach the world's largest, crushing North America as the biggest market in box office revenue and the number of viewers worldwide. The emergence of new forces powered by globalization, the Internet, and finance will fuel the market's growth. Internet companies, led by BAT and real estate developers, have used resource advantages to gradually penetrate the entertainment industry and create an ecosystem.
Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/china-cinema-market-p.php
Increasing the quota of foreign films in China, growth in the number of 3D screens, rising disposable incomes, and the growing number of working populations fuel the China Cinema Market. In addition, rapid technological development in filmmaking, film-screening equipment manufacturing industries, and the implementation of the cinema circuit system are some of the factors responsible for the growth of the cinema industry in China. In the future, the online movie industry will emerge as the 'new giant.'
Over the past decade, movie theatres and cinema screens experienced ascending growth. According to a report published by Statista in April 2022, there are almost 12,000 movie theatres with a standard of 6.8 cinema screens. Among the 50 cinema chains in the country, Dadi Digital, China Digifilm, and China Film Southern employed the most theatres. However, Wanda Cinema Line ranked first in terms of box office revenue. Since 2015, ticket sales in all cinema chains have exceeded 1.2 Billion, which had been growing steadily before the pandemic.
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Domestic Cinema is predicted to have a Significant hold in the Market Share
In 2021, the maximum number of movies shown in China was domestic productions. That year, foreign films contributed about 15.5 percent of the total box office revenue, which was the lowest point in the past few years, as per a January 2022 report published by Statista. The infrastructural expansion is relatively young in the Chinese film industry and has witnessed a massive growth over the past two decades.
With an increasingly capable China film industry that has churned out high-quality films one after another in recent years, filmmakers are able and willing to tell China's stories. Chinese people now also expect to see more stories that represent them. Additionally, the Cinematic Imports in China maintain tight command over foreign films that are permitted to be screened, potentially pushed by the concern that a completely open market would endanger the local filming industry.
Furthermore, the Chinese Communist Party has shown specific interest in the movie industry in 2021 as Beijing has released the instruction to promote movies celebrating the founding of the Chinese Communist Party. All the factors mentioned above will aid the growth of the domestic cinema market.
1ST Tier & 2nd Tier Cities in China held the Maximum Market Share
Almost half of the moviegoers in China live in cities of the 1st and 2nd Tier. The above represents a considerable increase from the past years. The 1st Tier and 2nd Tier cities in China clasped the maximum of the China cinema market due to the accessibility and availability of additional theatres, infrastructure, and people willing to pay higher prices for tickets than the 3rd Tier and 4th cities. As a result, ticket rates in these cities are augmenting than in the rest.
To seek further growth outside the saturated higher-tier market, cinema operators have been eyeing consumers in less-developed cities and townships. As a result, about 60 percent of new cinemas locations are in these lower-tier regions. Moreover, with the rising disposable income of the middle-class population in China, the installation of 3D screens in China is growing at a rapid pace, the film quota of imported movies is increasing year on year, and a gradual decrease in the ticket price, especially in 4th and 5th tier city.
Competitive Landscape:
Major key players are IMAX China Holding, Alibaba Pictures Group Limited, HuayiTencent Entertainment Company Limited, Perfect World, China Film Company Ltd, Beijing Enlight Media, and Wanda Film Holding Co Ltd.
Market Summary:
Movies- The Report covers China Cinema Market, by movies in 2 viewpoints (Domestic (Chinese) Movies, and Imported Movies).
Tier Cities- By Tier Cities, the China Cinema Market, breakup in 5 viewpoints (1st Tier Cities, 2nd Tier Cities, 3rd Tier Cities, 4th Tier Cities, 5th Tier Cities).
Key Players- All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Sales Analysis) IMAX China Holding, Alibaba Pictures Group Limited, HuayiTencent Entertainment Company Limited, Perfect World, China Film Company Ltd, Beijing Enlight Media, and Wanda Film Holding Co Ltd.
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Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: [email protected]
LinkedIn: https://in.linkedin.com/company/renub-research
Woah! Fandango's article https://payspacemagazine.com/articles/fandago-movie-ticket-buying-throughout-history/ blew my mind! The evolution of movie ticket buying is so fascinating. From lining up at the box office to online bookings, it's like a trip down memory lane. Nostalgia overload! 🎥🎞️
According to Renub Research's latest report, "Japan Diabetes Market, By Insulin Pump, CGM, Self-Monitoring Blood Device and Company Analysis" the Japan Diabetes Market to grow with a CAGR of 2.73% from 2022 to 2028. Japan has one of the largest older populations in the world, which is more susceptible to the onset of type 2 diabetes. Diabetes is a no infectious disease caused by high blood glucose levels. Over time, it can lead to serious heart, brain, blood vessels, eye, kidney, and nerve damage. With a rising aging population, lifestyle changes, increasing overweight, and the prevalence of diabetic patients increasing, have significantly boosted the market. According to World Health Organisation, Diabetes Mellitus deaths in Japan reached 5,433 deaths.
Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/japan-diabetes-market-p.php
Rapidly Increasing Aging Population creates Type-2 Diabetes Prevalence in Japan
This high prevalence of type 2 diabetes is associated with a significant economic burden, on aging population, and the costs of diabetes increase in patients with co-morbidities. In addition, the majority of type 2 diabetes had associated with a high intake of traditional Japanese foods, such as soybean products, seaweed, and Japanese pickles, increased longevity, COVID pandemic, lifestyle changes, lack of screening tests & public awareness. In 2021, the Japanese Circulation Society and the Japan Diabetes Society also emphasized the importance of biomarker measurement in diagnosing cardiovascular diseases in people with type 2 diabetes.
In Japan, the incidence rate of type 1 diabetes in children aged 0-14 increased over time. Most type 1 patient stay in a hospital for 2-4 weeks at their diagnosis for the initial treatments, exams, and diabetes education. In 2019, a country-wide campaign called ‘Sche1sstyp’ was initiated by the Germany-based research canter Helmholtz Zentrum München. The campaign addresses the prevention and early detection of type 1 diabetes.
Advanced Technology will create more demand for SMBG Devices
Japan is one of the high-potential markets for developing diabetes care devices. Monitoring and managing blood glucose levels are rising to avoid negative consequences. The ease of doing, patient satisfaction, and cost-effectiveness create more demand for SMBG devices. SMBG provides rapidly accurate blood glucose readings, which offers significant benefits to diabetics and, ultimately, financially, their healthcare providers.
In addition, the market had essentially driven by the increasing number of diabetic patients, the availability of blood glucose meters at a nominal cost, and active reimbursement policies of patients. In 2021, AstraZeneca's Farxiga had approved in Japan. The drug is a blockbuster in the country and became a selling diabetes drug in Japan.
Although the government of Japan has been striving to control diabetes and other lifestyle-related diseases through the Heath Promotion Program called "Healthy Japan 21" campaign in 2013. The Strategy for extending healthy life expectancy that sets concrete targets across disease areas, including diabetes, which the mission to reduce the number of people who will develop diabetes, as well as the number of people with diabetes who discontinue treatment, have unhealthy blood sugar levels, and formulate diabetes-related complications.
It can further strengthen primary care and governance across the entire pathway of CVD and diabetes care. Using a variety of policy instruments to improve the quality of services along the whole path, such as through the introduction of integrated care models, financial incentives for improved quality and performance, benchmarking, and target setting. In Japan, the number of dialyzes populations is the highest in the OECD d the number of dialyze populations in Japan due to low-of-pocket payment and highly effective and established clinical standards for dialysis. However, it provides health insurance to citizens and non-citizens residing in Japan for more than a year through its universal healthcare system.
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Where the insurance coverage is determined on a per-workplace identifying industries and workplaces with a high risk of diabetes and implementing efficient primary and secondary prevention programs will contribute to curbing healthcare expenditures. As such, diabetes prevention continues to be a significant public initiative in Japan.
Competitive Landscape:-
Japan Diabetes companies include Medtronic, Insulet Corporation, Abbott Laboratories, DarioHealth Crop, Dexcom, Inc, Roche Diagnostic, and Tandem Diabetes Care.
In March 2022, Quantum Operation Inc., a Tokyo-based healthcare IoT start-up, presented the world's first non-invasive glucose monitor capable of continuous measurement. It measures the blood sugar from the wrist without any pricks.
Market Summary:-
By Devices: - The Report covers the Japan Diabetes Market by devices from 3 viewpoints. (SMBG Market by Test Strips, Lancet, Meter, Blood Glucose Device Users & Reimbursement) Continuous Glucose Monitoring (CGM Market by Components, Glucose Sensor, Transmitter, CGM User, Reimbursement), Insulin Pump (Users, Market & Differentiation Points of Insulin Pump Products, Training Model for Patients & HCP, Reimbursement Policies) and Reimbursement Policies), respectively.
The company report covers the Japan Diabetes Market from Three viewpoints.
Medtronic, Insulet Corporation, Abbott Laboratories, DarioHealth Crop, Dexcom, Inc, Roche Diagnostic, and Tandem Diabetes Care.
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About the Company:
Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: [email protected]
LinkedIn: https://in.linkedin.com/company/renub-research
Renub Research has recently published a report titled "Asia Pacific Data Centre Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension in the Asia-Pacific Data Centre Market.
Asia-Pacific Data Centre Industry shall experience a CAGR of nearly 12% from 2022 to 2028. The Asia-Pacific region has experienced a surge in adopting cloud-based technologies and digital transformation, increasing demand for data storage and processing. In addition, the growing number of mobile users and the rise of e-commerce have also increased the volume of data generated, further driving the demand for data centres. The Mobile Economy Asia-Pacific report by GSMA predicts a surge in the number of unique mobile subscriptions in Asia-Pacific from 1.6 Billion to 1.8 Billion in 2025, along with a potential rise in mobile penetration rates from 59% to 62%.
Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/asia-pacific-data-centre-market-p.php
Additionally, the increasing popularity of online streaming services, gaming, and social media platforms has contributed to the need for robust and reliable data centers to support these applications. Moreover, many multinational corporations are expanding their operations into the region, driving the demand for data centers to support their IT infrastructure. Finally, the availability of skilled labor, favorable government policies, and lower regional operational costs have made it an attractive location for data center investment.
IT & Telecom is dominant in Asia-Pacific Data Center Market due to a surge in the Digital Economy and Cloud-based Service adoption
The dominance of the IT and Telecom industry in the Asia-Pacific data center market is due to the rise of the digital economy and the adoption of cloud-based services, leading to an increase in data centers owned by these companies. Additionally, advanced technologies like 5G networks and IoT require extensive data processing and storage capacities, which IT and Telecom companies are well-equipped to handle. Furthermore, the highly competitive business environment in the region, with fast-growing economies like China, India, and Japan, also contributes to the companies' investments in new technologies and infrastructure to stay ahead.
The adoption of cloud computing by businesses has fuelled the demand for data centres in the Asia Pacific (APAC) region. Nevertheless, a few key Tier 1 markets, namely Singapore, Hong Kong, Tokyo, and Sydney, have dominated the data centre industry in the region. This is because of a combination of factors such as supportive government policies, reliable power supply, and the significant presence of multinational corporations in these metropolitan areas.
Expansion of e-commerce services has increased the number of corporate data centers in the Asia-Pacific Data Center market
The Asia-Pacific region's adoption of cloud computing has led to a rise in demand for data center services, with companies investing in their data centers for cloud-based workloads and data security. E-commerce growth has also spurred the establishment of data centers for faster and more reliable transaction processing. In addition, corporate data centers provide the infrastructure for big data analytics and AI technologies. Rising concerns about data security have driven investment in data center infrastructure and security measures.
Extreme-density Usage is growing in the Asia-Pacific Data Center market due to the Increasing Demand for Higher Computing Power and Storage Capacity
The Asia-Pacific region's increase in data traffic due to cloud computing adoption and e-commerce growth has created a demand for higher computing power and storage capacity. Extreme-density data centers address this need by offering more computing power per unit area than traditional data centers. They also provide a solution for limited physical space in urban areas, are more energy-efficient and cost-effective, and offer greater business scalability.
Wholesale Colocation providers are addressing the Increasing need for Supporting Cloud-based Workloads in the Asia-Pacific Data Center Market
The adoption of cloud computing by businesses in the Asia-Pacific has increased demand for large-scale data center solutions. Wholesale colocation providers offer the necessary infrastructure and space for cloud-based workloads without companies needing to invest in their facilities. Wholesale colocation also meets the need for high-speed data transmission and low-latency connectivity. Outsourcing to a third-party provider is a more cost-effective solution than building and managing a data center in-house. Additionally, the focus on sustainability and energy efficiency has driven wholesale colocation growth, with providers investing in green initiatives such as renewable energy and energy-efficient cooling.
𝑭𝒐𝒓 𝑴𝒐𝒓𝒆 𝑫𝒆𝒕𝒂𝒊𝒍𝒔, 𝑮𝒓𝒂𝒃 𝒕𝒉𝒆 Free Sample Report:https://www.renub.com/request-sample-page.php?gturl=asia-pacific-data-centre-market-p.php
Competitive Landscape
The Asia-Pacific Data Centre market is home to several prominent players, including SUNeVision Holdings Ltd., PCCW Limited, Towngas Telecommunications Company Limited, China Mobile Limited, AT&T Inc., Digital Realty Trust Inc., Equinix Inc., Microsoft, NTT Communications Corporation, and Google.
Market Summary:
End-Use - The Asia-Pacific Data Center Market is divided into two categories based on colocation type (Retail, BFSI, IT & Telecom, Healthcare, Media & Entertainment, and Others).
Type - By Type, the Asia-Pacific Data Center Market is segmented into 2 viewpoints (Corporate Data Centre and Web Hosting Data Centre).
Density - Renub Research report on Asia-Pacific Data Center Market envelops density from 4 viewpoints (High Density, Medium Density, Extreme Density, and Low Density).
Colocation Type - The Asia-Pacific Data Center Market is classified into two categories based on colocation type (Retail and Wholesale).
Key Players - All the major competitors have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) SUNeVision Holdings Ltd., PCCW Limited, Towngas Telecommunications Company Limited., China Mobile Limited, AT&T Inc., Digital Realty Trust Inc., Equinix Inc., Microsoft, NTT Communications Corporation, and Google.
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About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
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Renub Research
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Renub Research has recently published a report named ” India Frozen Food Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis,” providing a detailed industry analysis that consists of market share insights. In addition, the report comprises competitor and regional research and contemporary extension. India frozen food market shall reach US$ 4.28 Billion by 2028. Frozen foods refer to products subjected to freezing or deep-freezing processes to extend their shelf life and maintain quality. These foods are typically stored at shallow temperatures to prevent the rise of bacteria and other microorganisms, preserving the food’s nutritional content, flavor, and texture. Frozen foods can include various items such as fruits, vegetables, meat, seafood, ready-to-eat meals, desserts, and more. They offer convenience, accessible storage, and the ability to enjoy a variety of foods regardless of seasonal availability.
Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/india-frozen-food-market-p.php
As urbanization increases and individuals adopt hectic lifestyles, there is a growing demand for convenient and ready-to-eat food options. Frozen food provides a quick and hassle-free solution for dynamic individuals and families. Moreover, rising disposable incomes have made consumers willing to spend more on convenience and quality food products, including international cuisines, which frozen food offers at affordable prices. In addition, urbanization has led to smaller household sizes and an increase in nuclear families, and frozen food, with its portion-controlled packaging, allows individuals and small families to minimize food wastage and enjoy meals without extensive preparation.
Additionally, the development of a robust cold chain infrastructure, growing awareness about the benefits of frozen food, increasing accessibility through modern retail channels and e-commerce platforms, and the ability to access seasonal produce and a wide variety of food options throughout the year have all contributed to the rise of the frozen food market in India. However, challenges in India frozen food market include maintaining a consistent cold chain, food safety concerns, limited awareness among specific consumer segments, and the preference for fresh homemade food in traditional Indian households.
Staple foods category will keep thriving in India frozen food market
The growth in the staple food category of India frozen food market can be due to convenience and time-saving benefits, extended shelf life, reduced food waste, year-round availability regardless of the season, preservation of nutritional value, increasing awareness and acceptance, improved quality and variety, changing lifestyles and urbanization leading to demand for convenient options, and rising disposable incomes enabling consumers to invest in high-quality and timely food products, including frozen staples.
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Categories – India frozen food Market breakup from 5 Viewpoints:
Staple Foods
Dairy Products and Alternatives
Snacks
Cooking Ingredients
Meals
In 2022, meat was dominant in India frozen food market
The dominant market share of meat in the frozen food industry in India can be because of the strong preference for non-vegetarian food, cultural inclinations towards meat consumption, the convenience and time-saving advantages it offers, its extended shelf life, the assurance of quality and food safety, its year-round availability irrespective of seasonal variations, the growing awareness and acceptance of frozen meat, the evolving lifestyles and urbanization that drive the demand for convenient, ready-to-cook options, and the increasing purchasing power of consumers that enables them to afford convenient and high-quality meat products.
Products – India frozen food Market breakup from 8 Viewpoints:
Fruit & Vegetables
Non-Veg (Meat & Fish/Seafood)
Products (Chicken, Fish, Mutton, Beef, Pork, Others)
Potatoes (French Fries, Tikki, Potato Wedges, Potato Bites, Smileys, Others)
Frozen Bakery Products (Biscuit & Cookies, Bread & Pizza Dough, Rolls & Pastry, Others)
Ready Meals
Soup
Others
Mutton food products shall see significant growth in India frozen food market
The growth of mutton in India frozen food market can be due to the strong consumer demand for mutton driven by its taste and texture and the convenience and time-saving advantages it provides for meal preparation. Its extended shelf life that ensures availability in areas with limited access to fresh meat, the assurance of quality and food safety achieved through rigorous processing and packaging, its year-round availability irrespective of seasonal fluctuations, the increasing preference for convenient and ready-to-cook meat options due to changing lifestyles and urbanization, and the rising disposable incomes of consumers who are willing to invest in suitable and high-quality meat products, including frozen mutton.
Non-Veg Food Products – India frozen food Market breakup from 6 Viewpoints:
Chicken
Fish
Mutton
Beef
Pork
Others
In future, Corn shall have the highest share in India frozen food market
Corn’s potential growth in India frozen food market is due to its versatility, use as a primary ingredient in various frozen food products and perceived health benefits. Frozen corn saves time and provides convenience for busy consumers, has a longer shelf life, and is available throughout the year, overcoming limited availability and seasonal fluctuations. Growing consumer awareness about frozen corn nutritional value and convenience will drive its growth. Rapid urbanization and changing lifestyles have also influenced the preference for convenient and ready-to-cook food options, making frozen corn products appealing to busy consumers. The introduction of innovative corn-based products by the frozen food industry can also stimulate the growth of the corn segment.
Veg Food Products – India frozen food Market breakup from 2 Viewpoints:
Peas
Corn
18-30 age groups shall expand in India frozen food market in the coming years
The 18-30 age group is the fastest growing segment in India frozen food market due to changing lifestyles, urbanization, and exposure to global cuisines, convenience and versatility of frozen food, social media influence, health consciousness, and affordability. With dynamic and fast-paced lifestyles, young adults seek convenient and time-saving options. Urbanization and increased demand for easy-to-prepare meals contribute to their preference for frozen food. Their exposure to global cuisines and willingness to experiment align with the diverse culinary experiences offered by frozen food. Convenience and customization options cater to their preferences. Social media platforms inspire them with innovative products and recipes. Health-conscious young adults appreciate the availability of healthier options in frozen food. Additionally, frozen food is more affordable than dining out, making it attractive for those on a tight budget.
Age-group – India frozen food Market breakup from 4 Viewpoints:
Under 18
18-30
30-45
45 & above
Supermarkets/Hypermarkets presently rule India frozen food market
Supermarkets and hypermarkets dominate India’s frozen food market due to their wide product range, convenient shopping experience, modern infrastructure, trusted brands, promotions, consumer education, current environment, and changing consumer preferences towards organized retail. They offer diverse frozen food options, one-stop shopping, quality storage facilities, trusted brands, and cost-saving opportunities. In addition, they educate customers, provide an enjoyable shopping experience, and align with evolving consumer preferences.
Distribution channel – India frozen food Market breakup from 4 Viewpoints:
Supermarkets/hypermarkets
Online Retail channels
Convenient Stores
Other
Western region shall have the largest share in India frozen food market
The growth of the Western region in India’s frozen food market can be attributed to urbanization, rising incomes, changing consumer preferences, infrastructure development, exposure to global cuisines, improved supply chain, increased awareness and acceptance of frozen foods, and the growth of the food service industry. Urbanization drives the demand for convenient food options. Rising incomes increase purchasing power. Consumers value convenience and time-saving options. Modern retail format offers a wide variety of frozen food products. Cultural diversity exposes consumers to global cuisines. An improved supply chain ensures availability and quality. Growing awareness leads to increased acceptance. The food service industry utilizes frozen food products for quick preparation.
Region – India frozen food Market breakup from 4 Viewpoints:
North Region
West Region
South Region
East Region
Competitive Landscape
In India frozen foods market, notable players include Nestle, ITC Limited, Arya Foods Amba, Hershey’s, Apex frozen foods Ltd., Godrej Agrovet Ltd., Venky’s (India) Ltd., and Conagra Brands.
Company has been covered from 3 Viewpoints:
• Overview
• Recent Developments
• Revenue
Company Analysis:
Nestle
ITC Limited
Arya Foods Amba
Hershey’s
Apex frozen foods Ltd.,
Godrej Agrovet Ltd.,
Venky’s (India) Ltd.,
Conagra Brands.
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About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Contact Us:
Renub Research
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
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Renub Research has recently published a report titled "United States Gluten Free Food Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension. United States Gluten Free Food Market is projected to grow at 8.23% CAGR from 2023 to 2028. The surge in popularity of gluten-free diets in recent years has been remarkable, largely driven by a heightened awareness of gluten-related disorders. As a result, the market has witnessed a rapid expansion in the availability of gluten-free food options, catering to the needs of individuals adhering to such dietary restrictions.
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In 2022, the United States gluten-free food industry alone was valued at an impressive US$ 2.56 Billion, reflecting the increasing demand for these products. The introduction and broader accessibility of gluten-free food have transformed what was once a challenging diet to follow into a more manageable and accessible lifestyle choice. While gluten-free diets have gained traction, it's important to note that gluten itself does not pose a significant health risk to the majority of the U.S. population. Less than 1% of individuals are affected by celiac disease, the most severe gluten-related disorder. Nonetheless, the demand for gluten-free foods remains high, driven by both medical necessity and dietary preferences of consumers across the United States.
However, it is worth mentioning that gluten-free foods sometimes face challenges in terms of nutrient deficiencies and taste and texture limitations. In the case of gluten-free bread, the typical replacement of wheat flour with refined flour and starches from alternative sources can result in certain drawbacks. For instance, incorporating dietary fiber, a crucial carbohydrate found in whole grains that offers important health benefits, into gluten-free bread can lead to a harder texture and more rapid staling, affecting the overall consumer experience.
An increasing number of Americans are embracing a health-conscious approach to their meals, prioritizing the avoidance of harmful substances and the pursuit of specific health benefits
The gluten free food market in the United States is undergoing a remarkable surge, driven by the bakery segment, which is playing a vital role in its growth.The United States gluten free food market is undergoing a remarkable surge, driven by the bakery, which is playing a vital role in its growth. The increasing demand for gluten-free products has spurred significant innovation within the bakery industry, resulting in a wide range of tantalizing gluten-free alternatives.
Gone are the days when individuals seeking gluten-free options had to sacrifice indulgent treats. Bakeries manufacturers have risen to the challenge, developing innovative recipes and techniques that deliver a diverse selection of delectable gluten-free baked goods items. These offerings cater not only to those with gluten-related disorders but also to individuals adopting gluten-free diets for various health and lifestyle reasons.
The bakery holds a substantial share in the thriving United States gluten free food market, contributing significantly to its overall value. This growth can be attributed to the escalating consumer awareness and demand for gluten-free options that do not compromise on taste, quality, or texture. To meet this demand, bakeries and confectionery companies are continually investing in research and development in United States.
Product Analysis have covered 8 Viewpoints in United States Gluten Free Food Market
1. Bakery
2. Dairy
3. Meats
4. Condiments
5. Desserts
6. Prepared meals
7. Pasta & Rice
8. Others
Supermarkets and hypermarkets play a dominant role in the United States gluten-free food market, providing consumers with convenient access to a wide array of gluten-free products and contributing to the industry's continued expansion
Supermarkets and hypermarkets hold a commanding position in the thriving gluten-free food market of the United States. These retail giants play a pivotal role in meeting the increasing consumer demand for gluten-free products by offering a diverse range of options. With their extensive shelf space and well-established distribution networks, supermarkets and hypermarkets ensure convenient accessibility and availability of gluten-free items to a wide customer base. Their contribution to the growth of the gluten-free food industry is substantial, as they continue to provide consumers with an extensive selection of gluten-free products while driving the expansion of the market as a whole.
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The efficiency and effectiveness of supermarkets and hypermarkets' distribution networks play a vital role in meeting the escalating demand for gluten-free products. These retail giants have developed well-established relationships with suppliers, enabling them to source gluten-free items efficiently and ensure a consistent supply for their customers. Their strong partnerships with suppliers also provide them with an advantage in negotiating favorable pricing, which in turn makes gluten-free options more accessible and affordable to consumers. By leveraging their distribution capabilities and supplier relationships, supermarkets and hypermarkets contribute to the wider availability and affordability of gluten-free products, catering to the needs of consumers seeking gluten-free dietary options.
Distribution channel Analysis have covered 9 Viewpoints in United States Gluten Free Food Market
1. Convenience Stores
2. Supermarket and Hypermarket
3. Specialty Stores
4. Online
5. Drug Stores
6. Club Stores
7. Independent Natural
8. Mass Merchandiser
9. Others
Key Players
The United States gluten-free food market is a highly competitive landscape, characterized by the presence of both established players and emerging companies. Market leaders such as Conagra Brands, Inc., General Mills, The Hain Celestial Group, Kraft Heinz Company, Barilla G. e R. FratelliS.p.A, and Kellogg Co. hold significant market shares. These companies are actively investing in research and development (R&D) to enhance the flavor and quality of their gluten-free products, while also expanding their product portfolios.
All the Company Analysis have covered 3 Viewpoints in United States Gluten Free Food Market
1. Overview
2. Recent Developments
3. Sales Analysis
Company Analysis
1. Conagra Brands, Inc.
2. General Mills
3. The Hain Celestial Group
4. Kraft Heinz Company
5. Barilla G. e R. FratelliS.p.A
6. Kellogg Co
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About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Contact Us:
Renub Research
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Email: [email protected]
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Web: www.renub.com
Renub Research has recently published a report named "Digital Forensics Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that consists of market share insights. Furthermore, the report studies competitors, regions, and recent Digital Forensics Market growth. Digital Forensics Market will grow at 13.50% CAGR from 2023-2028. The digital forensics industry plays a crucial role in today's digital age, where digital devices and networks are integral parts of our lives. Digital forensics is a specialized field that encompasses the examination, analysis, and preservation of digital evidence for legal proceedings.It encompasses various activities, including data recovery, computer and network analysis, cybercrime investigation, and incident response.
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The rapid growth of the digital forensics industry can be attributed to several factors.
The increasing prevalence of cybercrime and digital fraud has created a high demand for professionals who can effectively investigate and analyse digital evidence. As cybercriminals become more sophisticated, digital forensics experts are needed to combat these threats and gather evidence that can hold up in a court of law.
The proliferation of digital devices and the exponential growth of digital data have necessitated the need for advanced tools and technologies to handle and analyze this vast amount of information. Digital forensics tools and software have evolved to keep pace with these developments, providing investigators with powerful capabilities to extract, analyse, and interpret digital evidence from various sources.
The growing reliance on digital evidence in legal proceedings, such as criminal investigations and civil litigation, has further fuelled the demand for digital forensics services. Courts and law enforcement agencies increasingly recognize the importance of digital evidence in building strong cases and establishing the guilt or innocence of individuals.
The digital forensics industry is experiencing significant growth due to the increasing prevalence of cybercrime, the proliferation of digital devices, and the reliance on digital evidence in legal proceedings. However, professionals in this field must continuously adapt to technological advancements and address the challenges posed by the ever-evolving digital landscape.
Digital forensics market is witnessing the rapid growth of its computer forensics segment, fuelled by the escalating occurrence of cyber threats and data breaches
The digital forensics market is witnessing growth in the computer forensics segment due to the escalating occurrence of cyber threats and data breaches. As organizations face sophisticated cyber-attacks, the need for professionals skilled in computer forensics has become paramount. Computer forensics involves the identification, extraction, analysis, and preservation of digital evidence from computer systems, networks, and storage devices. This critical process helps in investigating cybercrimes and mitigating the impact of data breaches. With the rising awareness of the importance of digital evidence in cybersecurity investigations, the demand for computer forensics services is expected to continue its upward trajectory in the digital forensics market.
Type – Global Digital Forensics Market has been covered from 4 viewpoints
1. Computer Forensics
2. Network Forensics
3. Mobile Device Forensics
4. Cloud Forensics
Software category is set to experience significant growth in the digital forensics market during the forecast period.
During the forecast period, the software category in the digital forensics market is set to experience significant growth. This can be attributed to several factors, including the increasing complexity of digital crimes and the need for advanced tools to extract and analyse digital evidence. Digital forensics software offers a wide range of capabilities, such as data recovery, file analysis, and keyword searching, enabling investigators to uncover valuable insights and solve complex cases efficiently. Additionally, advancements in technology, such as artificial intelligence and machine learning, are being incorporated into digital forensics software, further enhancing its capabilities and driving its growth in the market.
Component – Global Digital Forensics Market has been covered from 3 viewpoints
1. Software
2. Hardware
3. Service
Defence forensics market is witnessing an increased government usage due to the rising cyber threats targeting government entities and national security.
The increasing cyber threats targeting government entities and national security have significantly propelled the adoption of digital forensics in the defence sector. The need to investigate and mitigate cyberattacks on critical infrastructure, sensitive data, and national security systems has led governments to prioritize the deployment of advanced forensic technologies. Defence forensics plays a crucial role in identifying the origin, nature, and extent of cyber threats, enabling governments to strengthen their cybersecurity measures and safeguard their assets. The defence sector is investing in cutting-edge forensic solutions and expertise to counter the evolving cyber threats and ensure the integrity of their sensitive information and critical infrastructure.
End User – Global Digital Forensics Market has been covered from 6 viewpoints
1. BFSI
2. Healthcare & life Science
3. Govt. & law Enforcement
4. Defence& Aerospace
5. IT &Tc
6. Others
North America is well-positioned to drive advancements and maintain its dominance in the digital forensics market
North America is poised to maintain its success in the digital forensics market due to several key factors. The region benefits from advanced technological infrastructure, a strong regulatory framework, and a highly skilled workforce. The presence of major technology companies and government agencies focused on cybersecurity further contributes to North America leadership in digital forensics. Additionally, the region experiences a high number of cyber incidents and data breaches, driving the demand for robust digital forensic solutions. With continuous advancements in technology and a proactive approach towards cybersecurity, North America is expected to remain at the forefront of the digital forensics industry.
Region –Global Digital Forensics Market has been covered from 5 viewpoints
1. North America
2. Europe
3. Asia-Pacific (APAC)
4. Middle East and Africa (MEA)
5. Latin America
Competitive Landscape
IBM, Micro Systemation AB, Nuix Pty Ltd, OpenText Corporation, KLDiscovery Inc., Trend Micro Incorporated, ., Secureworks Inc. (Dell Technologies, Inc.) andCisco Systems, Incare key players in the digital forensics market. These companies offer a wide range of innovative solutions and services tailored to meet the evolving needs of digital forensic investigations. Their expertise in data recovery, incident response, and forensic analysis has earned them a strong reputation in the industry. With a focus on technological advancements, partnerships, and strategic acquisitions, these players continue to shape the digital forensics landscape, providing organizations with effective tools to identify, investigate, and mitigate cyber threats and data breaches. Their contributions play a crucial role in ensuring digital security and preserving the integrity of digital evidence in today's increasingly complex digital landscape.
Company Insights: Digital Forensics Market has been covered from 3 viewpoints
• Overview
• Company Initiatives
• Sales Analysis
Company Analysis:
1. IBM
2. Micro Systemation AB
3. OpenText Corporation
4. Nuix Pty Ltd
5. KLDiscovery Inc.
6. Cisco Systems, Inc.
7. Trend Micro Incorporated
8. Secureworks Inc. (Dell Technologies, Inc
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About the Company:
Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: [email protected]
LinkedIn: https://in.linkedin.com/company/renub-research
Renub Research has recently released a report named "Telemedicine Market, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that includes market share insights. In addition, the report covers research on competitors and regions and current advancements in the Global Telemedicine Market. The Telemedicine Market shall reach US$ 197.55 Billion by 2028. Telemedicine is remote healthcare provision through telecommunication and information technologies. It enables healthcare providers to connect with patients and other providers through video conferencing, messaging, mobile apps, and other digital tools. It can be used for consultations, diagnosis, treatment, chronic condition monitoring, and prescription management, providing a convenient and cost-effective option, particularly for individuals in underserved or remote areas.
Telemedicine allows patients to obtain medical care from anywhere, making it ideal for those facing geographical barriers, mobility issues, or busy schedules. It can save costs by eliminating in-person visits, reducing travel costs, and preventing hospital readmissions. As a result, healthcare providers can see more patients in less time, reducing wait times and increasing efficiency. In addition, Telemedicine improves patient outcomes by enabling frequent monitoring of chronic conditions, timely care access, and reducing the risk of infectious diseases. It is a versatile tool for healthcare delivery used for consultations, diagnosis, treatment, and prescription management.
Telemedicine is in growing demand, mainly due to COVID-19 concerns, and technological advancements have made virtual consultations and remote monitoring more accessible. Additionally, an aging population and increasing prevalence of chronic diseases require more convenient healthcare services, which Telemedicine can offer. The widespread availability of high-speed internet and digital devices has also contributed to Telemedicine's growth.
A significant growth rate is projected for the Services Segment
The growth in the telemedicine services segment is driven by various factors, including rising demand for remote healthcare services and technological advancements, making virtual consultations and remote monitoring more efficient. Additionally, the growth in the number of cases of chronic diseases and the aging population has created a need for more accessible healthcare services, which Telemedicine provides. The increasing accessibility to high-speed internet and the widespread use of digital devices has also contributed to the growth of telemedicine services.
Factors contributing to the rise of the teleradiology division in the telemedicine market include the unequal distribution of radiologists and a shortage of radiologists in rural areas
Teleradiology is the transmission of medical images, like X-rays, CT scans, and MRI scans, from one location to another for interpretation and diagnosis, using telecommunication technology, allowing patients to receive remote diagnosis and treatment, and enabling healthcare providers to collaborate with other professionals across different locations. Advancements in technology, such as high-speed internet and cloud-based platforms, have made it easier and more efficient to transmit medical images remotely, making teleradiology a viable option for healthcare providers and patients. Furthermore, the shortage of radiologists in many regions has guided a rise in teleradiology services, particularly in rural and remote areas.
Real-time telemedicine segment has hegemony in the global telemedicine market
The real-time telemedicine segment dominates the telemedicine market as real-time. Telemedicine provides immediate access to medical care and timely diagnosis and treatment, which is particularly important in emergencies. Additionally, real-time Telemedicine allows for more personalized care, as patients can interact with healthcare providers in real-time and receive tailored treatment plans. It also permits remote monitoring of patients, which can improve patient results and minimize the risk of complications. Furthermore, technological advancements have made real-time Telemedicine more accessible and user-friendly, allowing for effortless integration into healthcare practices.
Compared to other categories, the hospital segment has the highest share in the telemedicine market
The supremacy of the hospital category in the global telemedicine market can be attributed to the increasing adoption of telemedicine services by doctors to consult various specialists, resulting in cost reduction for hospitals and patients alike. Additionally, the segment is expected to experience further growth due to increasing government funding and investments to stimulate the adoption of telemedicine services in hospitals.
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North America shall hold the lion's share in the Global Telemedicine Market
The US rapidly embraces Telemedicine, driven by chronic disease cases and advanced healthcare technologies. Telemedicine has improved care management and outcomes and has cut costs. The market will grow due to rising demand for mobile tech, home care adoption, higher healthcare spending, and fewer hospital visits. The Centers for Medicare and Medicaid Services (CMS) reported that US healthcare expenses hit about USD 4.3 Trillion in 2022, up USD 173 billion Year on Year, creating opportunities for Telemedicine to drive the telemedicine market growth.
Competitive Landscape
This report highlights several key players in the telemedicine market, including Ceva, Inc., Eli Lilly and Company, Bayer AG, Merck & Co., and Teladoc Health, Inc.
Market Summary:
Type - The Report covers Global Telemedicine Market, by type in 2 viewpoints (Products, and Services).
Application - By Application, the Global Telemedicine Market, breakup in 8 viewpoints (Teleconsultation, Telepathology, Telecardiology, Telesurgery, Teleradiology, Tele dermatology, Telepsychiatry, and Others).
Modality - By Modality, the Global Telemedicine Market is broken up into 2 viewpoints (Real Time Telemedicine, and Remote Patient Monitoring).
End-User – Global Telemedicine Market breakup in 5 viewpoints (hospitals, diagnostic centre, ambulatory surgical centres, specialty centre, and others).
Region - Renub Research report covers the global telemedicine market by region in 5 viewpoints (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).
Key Players- All the major players have been covered from 4 Viewpoints (Overview, Strategy, Merger/Acquisition, and Financial Insight) Ceva, Inc., Eli Lilly and Company, Bayer AG, Merck & Co., and Teladoc Health, Inc.
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About the Company:
Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: [email protected]
LinkedIn: https://linkedin.com/company/renub-research
Web: www.renub.com
Renub Research has recently released a report named "Global Viscosupplementation Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that includes market share insights. In addition, the report covers research on competitors and regions and current advancements in the Viscosupplementation Market. The Viscosupplementation Industry shall expand at a CAGR of nearly 9.14% from 2022 to 2028. Viscosupplementation is a medical treatment that involves injecting hyaluronic acid, a substance habitually found in the synovial fluid that lubricates joints, into a joint affected by osteoarthritis to restore the joint's cushioning and lubricating properties, reducing pain and improving mobility. While viscosupplementation is commonly used for knee osteoarthritis, it applies to other joints, such as the hip or shoulder.
The Centres for Disease Control and Prevention (CDC) estimates that more than 32.5 million adults in the United States have osteoarthritis. Additionally, a report from EClinicalMedicine indicates that over 22% of adults worldwide over 40 have knee osteoarthritis. According to the Osteoarthritis Action Alliance, women make up 62% of people with osteoarthritis.
Viscosupplementation has several advantages including reducing pain associated with osteoarthritis by restoring the joint's lubricating properties, which can decrease discomfort and irritation. It can also improve joint mobility and function, making daily activities easier. It is also a non-invasive treatment involving a simple injection, making it less invasive than surgical alternatives. In addition, viscosupplementation is generally well-tolerated, and the risk of severe side effects is relatively low, with common side effects including minor pain or swelling at the injection site. Lastly, the results of viscosupplementation can last for several months and may persist for up to a year or more in some patients.
Single injection holds the highest share in Global Viscosupplementation Market
Single-injection viscosupplementation is dominant due to several factors, including convenience and ease of use, as healthcare professionals can complete the procedure in less time than multiple injections, which is beneficial for both the patient and the healthcare provider. Single-injection viscosupplementation also has a lower risk of adverse events compared to various injections, and some formulations have longer-lasting effects, reducing the need for repeat injections. Additionally, it can be more cost-effective since fewer office visits and injections are required.
The most prevalent form of arthritis is knee osteoarthritis, which explains its domination in the global viscosupplementation market
Knee osteoarthritis is the most frequent type of osteoarthritis, and it affects a large number of people worldwide. As a result, it is the primary target of viscosupplementation treatment. Additionally, the knee joint is relatively easy to access, making it a more convenient site for injection. Moreover, the knee joint bears a significant amount of weight and is subject to repeated stresses and strains, which can exacerbate the damage to the cartilage and lead to osteoarthritis. Therefore, the knee joint is prone to degenerative changes that cause pain and stiffness, making it an ideal target for viscosupplementation treatment.
Orthopedic clinics/ambulatory surgical centers shall witness a significant rise in the global viscosupplementation market
Orthopedic clinics/ambulatory surgical centers are seeing growth in the global viscosupplementation market as these facilities specialize in treating musculoskeletal conditions, including osteoarthritis, and are well-equipped to offer viscosupplementation. Additionally, many have advanced imaging technologies, which can improve accuracy and effectiveness. Furthermore, with the increasing prevalence of osteoarthritis, there is a growing demand for viscosupplementation. Finally, the simple injection procedure can be performed in an outpatient setting, making it convenient for patients and healthcare providers.
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Asia-Pacific region shall observe high growth in the viscosupplementation market in the coming years
The rise of the viscosupplementation market in the Asia-Pacific region can be due to the increasing prevalence of musculoskeletal disorders, particularly osteoarthritis, among the aging population, leading to a rise in demand for non-surgical treatment options such as viscosupplementation. In addition, an upsurge in disposable income and increased spending on healthcare services in the region has contributed to the growth of the viscosupplementation market. Furthermore, increased skilled healthcare professionals and clinics offering viscosupplementation services have made the treatment more accessible, increasing adoption rates. Finally, the presence of key regional players has led to increased product availability and innovation, further driving the growth of viscosupplementation.
Competitive Landscape
The top companies in the viscosupplementation market include Anika Therapeutics Inc., Sanofi, Zimmer Biomet, Smith & Nephew PLC, Lifecore Biomedical, LG Life Sciences Ltd., F.Hoffmann-La Roche Ltd., and Chugai Pharmaceutical Co.
Market Summary
Product - The Report covers Global Viscosupplementation Market, by product in 3 viewpoints (Single Injection Viscosupplementation, Three Injections Viscosupplementation and Five Injections Viscosupplementation).
Application - By Application, the Global Viscosupplementation Market, breakup in 4 viewpoints (Knee Osteoarthritis, Hip Osteoarthritis, Hand/Wrist Osteoarthritis, Ankle/Foot Osteoarthritis and Others).
End-User - Based on end-user Global Viscosupplementation Market breakup in 2 viewpoints (Hospitals, Orthopedic Clinics/Ambulatory Surgical Centres).
Region- Renub Research report covers the Global Viscosupplementation market by region in 4 viewpoints (North America, Europe, Asia Pacific, and ROW).
Key Players- All the major players in the Global Viscosupplementation Market have been covered from 4 Viewpoints (Overview, Strategy, and Financial Insight) Anika Therapeutics Inc., Sanofi, Zimmer Biomet, Smith & Nephew PLC, Lifecore Biomedical, LG Life Sciences Ltd., F.Hoffmann-La Roche Ltd., and Chugai Pharmaceutical Co.
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: [email protected]
LinkedIn: https://linkedin.com/company/renub-research
Web: www.renub.com
Renub Research has recently published a report titled "Coronary Artery Disease Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that includes market share insights. In addition, the report covers research on competitors and regions and current advancements in the coronary artery disease market. The coronary artery disease market shall experience a CAGR of nearly 8.90% from 2022 to 2028. According to the 2023 National Center for Biotechnology Information (NCBI) report, coronary artery disease is accountable for 17.8 million fatalities annually, making it the third most significant cause of death globally. The collection of plaque inside the coronary arteries, leading to coronary artery disease (CAD), can be due to multiple factors such as an unhealthy diet high in fats, smoking, lack of physical activity, hypertension, diabetes, obesity, genetic predisposition, and the natural aging process.
The expected growth of the coronary artery disease market can be due to the aging global population being more susceptible to developing CAD, leading to a higher demand for diagnosis and treatment. Additionally, an increasing prevalence of risk factors like hypertension, diabetes, obesity, and physical inactivity contributes to the rise in CAD incidence. As a result, the demand for drugs, medical devices, and procedures to manage and treat CAD shall increase.
Furthermore, the coronary artery disease market is expected to expand due to advancements in medical device technology, including improved stents, drug-eluting balloons, and advanced imaging techniques, leading to more efficient diagnosis and treatment of CAD. Additionally, the development of innovative therapies and drugs targeting CAD risk factors and underlying causes fuels the growth of the coronary artery disease market. The combined effect of all these factors shall result in a substantial future expansion of the coronary artery disease market.
Anticoagulant Drugs are growing in demand in the coronary artery disease Market
The important reason for the rise in the anticoagulant drugs segment in the coronary artery disease market is their ability to prevent blood clots that can result in heart attacks, strokes, and other cardiovascular events. In addition, the rise in CAD risk factors, such as hypertension and diabetes, coupled with an aging population, is expected to boost the demand for anticoagulant therapy. Furthermore, the growth in this coronary artery disease market segment is also due to advancements in medical technology, which have led to the development of newer anticoagulants with enhanced efficacy, safety, and patient convenience.
Retail and Online pharmacies are gaining fame in the coronary artery disease market.
Coronary Artery Disease risk factors, an aging population, and the need for medications to treat these conditions are driving growth in retail pharmacies of the coronary artery disease market. These pharmacies are expanding services to include medication therapy management, technology-driven patient care, and CAD education and counseling, ultimately contributing to their growth in the coronary artery disease market.
Online pharmacies offer CAD patients convenient access to medications and medical supplies from their homes, especially for those with mobility issues or in remote areas. They often provide lower medication prices and access to a broader range of products, including specialty medications. In addition, they may offer medication reminders, online consultations, and home delivery services, improving medication adherence and patient outcomes.
The US has leadership in the coronary artery market market.
The US's dominance in the coronary artery market market is due to several factors, including the high prevalence of CAD risk factors such as hypertension, diabetes, and obesity, a well-established healthcare infrastructure, advanced medical technologies, and trained healthcare professionals, enabling prompt diagnosis and treatment of CAD. In addition, the intense research and development ecosystem has led to innovative drugs, medical devices, and treatment procedures.
Additionally, the large patient population with CAD makes the US an attractive pharmaceutical and medical device company market. However, CAD is the main reason for mortality in the US. The National Centre of Biotechnology Information (NCBI) report of 2023 states that coronary artery disease is responsible for approximately 610,000 deaths annually, accounting for an estimated 1 in 4 deaths in the United States, making it the leading cause of mortality.
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Key Players.
AstraZeneca Plc., Novartis AG, Pfizer Inc, Bristol-Myers Squibb Company, Merck & Co. Inc, Viatris, Sanofi, and Amgen are prominent in the coronary artery disease market.
The high prevalence of CAD and related risk factors creates a large patient population needing treatments, leading to a significant market opportunity for pharmaceutical and medical device companies and driving competition among them to develop innovative products. Regulatory changes and healthcare policies can also create new market opportunities. Increasing awareness about CAD risk factors and treatments can influence demand and treatment decisions, contributing to competition in the coronary artery disease market.
Market Summary:
Drug type- The Report covers the coronary artery disease Market by drug types from 5 viewpoints (antiplatelets, beta-blockers, calcium antagonists, anticoagulants, and others).
Distribution channel– The coronary artery disease Market, by distribution channel, break up into 3 viewpoints (hospital pharmacies, retail pharmacies, and online pharmacies).
Countries-By countries, the coronary artery disease (CAD)Market is broken up into 8 viewpoints (U.S., France, Germany, China, United Kingdom, Japan, Saudi Arabia, and Russia).
Key Players- All the major players in the coronary artery disease (CAD)Market have been covered from 3 Viewpoints (Overview, Recent Developments, and Sales Analysis) AstraZeneca Plc., Novartis AG, Pfizer Inc, Bristol-Myers Squibb Company, Merck & Co. Inc, Viatris, Sanofi, and Amgen.
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