Renubresearch01

Single Use-Disposable Endoscopes Market, Size, Share, Growth, Key Players | Forecast (2023-2028) | Renub Research

In a recent report titled “Single Use Disposable Endoscopes Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” Renub Research offered a thorough industry analysis that included market share insights. The report also includes research on rivals, market segments, and recent developments in the Single Use Disposable Endoscopes Market.

Single Use Disposable Endoscopy Market will expand at a CAGR of almost 18.04% during 2022 and 2030. In recent years, the single-use disposable endoscopes market has experienced awesome growth, remodelling the landscape of medical diagnostics and processes. These innovative devices, designed for one-time use, are gaining popularity throughout numerous medical specialties, such as gastroenterology, pulmonology, and urology. This adaptability makes them an attractive choice for healthcare providers seeking to optimize their sources and offer fantastic care across a spectrum of medical needs.

The rapid expansion of the global single-use disposable endoscopy market is primarily driven by an intensified focus on infection control and patient safety. Unlike reusable endoscopes, which may carry residual contaminants despite stringent cleaning and sterilization, disposable endoscopes eliminate the need for reprocessing, ensuring a sterile and uncontaminated instrument for each procedure. Likewise, the convenience they offer is noteworthy, as traditional endoscopes demand meticulous cleaning, maintenance, and sterilization between uses, posing logistical challenges in busy healthcare settings. In contrast, disposable endoscopes are ready for use straight out of the packaging, streamlining workflow and reducing downtime between procedures. So, Single Use Disposable Endoscopes Market will achieve a value of US$ 6.71 Billion by 2030.

Furthermore, regulatory agencies and healthcare institutions are increasingly endorsing the use of single-use disposable endoscopes to enhance patient safety. The Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) in the United States, for instance, have issued guidelines and recommendations that align with this trend, further accelerating global single use disposable endoscopy market growth.

Endoscopes hold a dominant position in the disposable endoscope market due to their versatility, and efficiency in various medical procedures.

Endoscopes provide physicians real-time visualization of internal organs, minimizing invasive surgeries. Single-use disposable endoscopes, mainly, lessen the threat of cross-contamination and infections, improving patient safety. Moreover, they dispose of the want for reprocessing and protection, streamlining healthcare workflows. These advantages make endoscopes the favoured choice in the market, using their persisted dominance as a vital clinical device for diagnostic and healing applications.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=single-use-disposable-endoscopy-market-p.php

Bronchoscopy is likely to lead the single-use disposable endoscopes market owing to its frequent use in diagnosing and treating respiratory conditions.

Single-use disposable bronchoscopes offer several benefits, which includes reducing the danger of contamination transmission and putting off the want for reprocessing. With a developing emphasis on contamination control and patient protection, healthcare providers increasingly choose these disposable devices for bronchoscopic tactics. This trend is predicted to enhance the prominence of bronchoscopy programs in the disposable endoscopes market, reflecting its essential position in respiration healthcare while aligning with infection prevention protocols.

The hospital segment is poised to maintain the largest share in the single-use disposable endoscopes market.

Hospitals conduct a wide range of procedures where contamination control and patient protection are paramount, making single-use disposable endoscopes an appealing choice. Their convenience, decreased chance of cross-infection, and removal of reprocessing fees align with medical institution protocols. Also, the sheer volume of clinical approaches performed in hospitals, which include surgical procedures and diagnostic examinations, guarantees a constant demand for these disposable devices, contributing to their dominant position in the disposable endoscope market.

The United States is expected to maintain a high share in the global single-use disposable endoscopy market.

The U.S.A has a robust healthcare infrastructure with an excessive extent of clinical processes, and a strong focus on infection control and patient protection. Regulatory groups in the US also promote the adoption of disposable endoscopes for decreasing cross-contamination risks. Moreover, ongoing technological improvements and a well-established healthcare sector contribute to the ongoing increase and dominance of United States of America in the single-use disposable endoscopes market over the forecast period.

Competitive Landscape.

Boston Scientific Corporation Inc., Hill Rom Holdings, Coloplast, Medtronic Plc, Cantel Medical Corporation, Alcon, and HCA Healthcare Inc. are a few of the sizable companies vying for market share in the global single-use disposable endoscopy market.

Market Summary.

Product Type – Global Single-Use Disposable Endoscopy Market by product type have been covered from 5 viewpoints (Endoscope, Visualization Systems, Endoscopic Ultrasound, Insufflator &Others)
Application – Single-Use Disposable Endoscope Market by application have been covered from 6 viewpoints (Bronchoscopy, GI endoscopy, ENT Endoscopy, Urologic endoscopy, Arthroscopy & Others)
End Use – Single-Use Disposable Endoscopy Market by end-use have been covered from 3 viewpoints (Hospital, Health Care Centre &Clinics)
Country – Single-Use Disposable Endoscopes Market have been covered from 23 viewpoints (United States, Canada, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia & UAE).
Key Players- All the major players of Global Single-Use Disposable Endoscopy Market have been covered from 3 Viewpoints (Overview, Recent Development & Revenue) Boston Scientific Corporation Inc, Hill Rom Holdings, Coloplast, Medtronic Plc, Cantel Medical Corporation, Alcon & HCA Healthcare Inc.

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 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.

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Germany Diabetes Market Exceeds US$ 21.50 Billion in 2022: Insights from Renub Research

Renub Research has recently published a report titled “Germany Diabetes Market, Size, Forecast 2023-2028, By SMBG Device, Continuous Glucose Monitoring (CGM), Insulin Pen, Insulin Pump, and 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 Germany Diabetes Market. Germany Diabetes Market was more than US$ 21.50 Billion in 2022.Germany diabetes industry is a dynamic and rapidly growing sector at the forefront of diabetes care and research.

With a high prevalence of diabetes in the country, estimated at over 7 million individuals, the industry is focused on providing innovative solutions for diabetes management, treatment, and prevention. Innovation plays a vital role in the German diabetes industry, with a focus on developing cutting-edge medications, insulin delivery systems, glucose monitoring devices, and digital health solutions. The integration of technology, such as wearable devices, smartphone applications, and telemedicine, has revolutionized diabetes management and improved patient outcomes. Germany Diabetes Market is projected to achieve by 2028, Attributed to the development, and patient-centric approaches helps drive advancements in diabetes treatment, monitoring.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=germany-diabetes-market-p.php

Germany boasts a robust healthcare system, advanced medical infrastructure, and a strong emphasis on research and development. The industry encompasses various stakeholders, including pharmaceutical companies, medical device manufacturers, healthcare providers, research institutions, and patient advocacy groups. Germany collaborative approach between academia, industry, and healthcare providers fosters advancements in diabetes research, clinical trials, and treatment protocols. The country’s commitment to continuous education, patient empowerment, and preventive measures further strengthens the diabetes industry’s growth and contributes to better diabetes care nationwide.

Increasing prevalence of Type-2 diabetes can be attributed to the adoption of unhealthy lifestyles

The rise in Type-2 diabetes prevalence can be directly linked to the adoption of unhealthy lifestyles. Factors such as sedentary behavior, poor dietary choices, excessive sugar consumption, and a lack of physical activity contribute to the development of this chronic condition. Unhealthy lifestyle habits, including smoking, excessive alcohol consumption, and inadequate sleep patterns, further exacerbate the risk of Type-2 diabetes. These lifestyle choices have become more prevalent in modern society, leading to an alarming increase in the number of individuals affected by Type-2 diabetes. Addressing and promoting healthier lifestyle habits, including regular exercise, a balanced diet, and stress management, are crucial in curbing the growing burden of Type-2 diabetes and improving overall health outcomes.

Growing number of diabetic patients in Germany will result in an increased demand for Insulin pens

As the diabetic population continues to grow in Germany, there is a corresponding surge in the demand for Insulin pens. These compact and convenient devices have become increasingly popular among individuals with diabetes due to their ease of use, portability, and precise dosage delivery. Insulin pens offer a discreet and user-friendly alternative to traditional syringes, providing diabetic patients with greater convenience and flexibility in managing their insulin therapy. With the rising prevalence of diabetes in Germany, the demand for Insulin pens is expected to rise steadily, driving advancements in pen technologies and encouraging pharmaceutical companies to expand their production and distribution to meet the growing needs of diabetic individuals in the country.

Germany diabetes industry is witnessing significant support and encouragement through government initiatives

Government initiatives in Germany are providing substantial support and encouragement to the diabetes industry. Recognizing the growing burden of diabetes, the government has implemented various programs to address prevention, education, and treatment of the disease. These initiatives focus on raising awareness, promoting healthy lifestyles, and improving access to diabetes management resources. The government also invests in research and development, fostering innovation in diabetes care and treatment. Through collaborations with healthcare professionals, industry stakeholders, and patient advocacy groups, these government initiatives aim to enhance diabetes prevention and management strategies, ultimately improving the quality of life for individuals living with diabetes in Germany.

Competitive landscape:

Germany’s diabetes industry comprises several prominent companies, including B. Braun Melsungen AG, Eli Lilly and Company, Terumo Corporation, Becton, Dickinson (BD), Novo Nordisk, Ypsomed AG, Medtronic, Insulet Corporation, Abbott Laboratories, DarioHealth Corp, Dexcom, Inc, Roche Diagnostics, and Tandem Diabetes Care. These companies play a crucial role in advancing diabetes care and management through their innovative products and solutions. From insulin delivery systems to glucose monitoring devices, diagnostic tools, and digital health technologies, these companies contribute to improving the lives of individuals living with diabetes in Germany.

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.

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Europe Ultrasound Device Market Surges Towards US$ 3,085 Million by 2028: Emerging Trends and Opportunities | Renub Research

Renub Research has recently released a report titled “Europe Ultrasound Device Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the Europe Ultrasound Device Market. Europe Ultrasound Device Market was US$ 2,293 Million by 2022. The Europe ultrasound device market is experiencing significant growth, driven by advancements in technology, increasing prevalence of chronic diseases, rising geriatric population, and the expanding applications of ultrasound in various medical fields.

Europe has a rapidly aging population, leading to a higher demand for healthcare services and diagnostic procedures. Ultrasound devices are extensively used in obstetrics and gynecology for prenatal screenings and monitoring fetal development. Additionally, the elderly population often requires ultrasound examinations for various health issues, including cardiac evaluations, liver and kidney assessments, and musculoskeletal evaluations. The growing geriatric population in Europe is, therefore, a significant driver for the ultrasound device market. The Europe ultrasound device market is witnessing rapid technological advancements, leading to the development of more advanced and sophisticated ultrasound devices. These innovations include the integration of artificial intelligence (AI), 3D and 4D imaging capabilities, portable and handheld devices, and improved image resolution and clarity. Europe Ultrasound Device Market is expected to reach US$ 3,085 Million by 2028, Driven by Technological Advancements, Rising Demand for Point-of-Care Ultrasound and Increasing Applications in Various Medical Specialties

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=europe-ultrasound-devices-market-p.php

The prevalence of chronic diseases such as cardiovascular disorders, cancer, and musculoskeletal conditions is on the rise in Europe. Ultrasound devices play a crucial role in the diagnosis, monitoring, and treatment of these diseases. With its non-invasive nature, real-time imaging, and cost-effectiveness, ultrasound has become an essential tool for healthcare professionals in managing chronic conditions, contributing to the growth of the market. Ultrasound devices have expanded their applications beyond traditional imaging. They are now being used in interventional procedures, guidance for biopsies, monitoring of chronic diseases, and therapeutic treatments such as focused ultrasound for tumor ablation. The versatility and non-invasive nature of ultrasound make it an attractive option for various medical specialties, driving the demand for ultrasound devices in Europe.

Portable ultrasound segment is poised to dominate the ultrasound market in Europe during the forecast period

The portable ultrasound segment is projected to hold a dominant position in the ultrasound market in Europe during the forecast period. This growth can be attributed to several factors. Portable ultrasound devices offer greater convenience, flexibility, and mobility compared to traditional bulky machines, making them ideal for point-of-care settings, emergency situations, and remote healthcare environments. Additionally, technological advancements have enhanced the performance and image quality of portable ultrasound devices, enabling accurate diagnoses and improving patient care. The increasing demand for portable ultrasound devices in Europe underscores the growing trend towards portable and handheld medical devices that provide efficient and accessible diagnostic solutions.

Type – Europe Ultrasound Device Market has been covered from 2 viewpoints

1. Stationery Ultrasound

2. Portable Ultrasound

Ultrasound market in Europe is anticipated to witness growth in the general imaging segment, driven by the growing demand for medical imaging services

The general imaging segment in the ultrasound market is anticipated to witness substantial growth in Europe, driven by the growing demand for medical imaging services. As healthcare systems across Europe aim to enhance diagnostic capabilities and improve patient outcomes, there is an increasing reliance on ultrasound for general imaging purposes. Ultrasound offers non-invasive, cost-effective, and real-time imaging, making it a valuable tool for a wide range of applications, including abdominal imaging, obstetrics and gynecology, musculoskeletal imaging, and more. The expanding need for accurate and efficient diagnostic solutions is propelling the growth of the general imaging segment in the ultrasound market throughout Europe.

Application – Europe Ultrasound Device Market has been covered from 4 viewpoints

1. General Imaging

2. Cardiology

3. Obstetrics/Gynecology

4. Others

Demand for 2D ultrasound technology is anticipated to continue its strong presence in Europe due to its reliability and effectiveness across various medical specialties.

The demand for 2D ultrasound is set to persist in Europe, driven by its reliability and effectiveness as a versatile imaging technology employed across various medical specialties. 2D ultrasound provides valuable real-time images that aid in diagnostic evaluations, guiding procedures, and monitoring patient conditions. Its ability to visualize anatomical structures, assess organ function, and detect abnormalities has solidified its position as a fundamental imaging modality. With its non-invasive nature and cost-effectiveness, 2D ultrasound continues to be a preferred choice in Europe, ensuring its enduring significance in the medical field and meeting the ongoing demand for accurate and comprehensive imaging solutions.

Technology – Europe Ultrasound Device Market has been covered from 5 viewpoints

1. 2D Ultrasound

2. 3D & 4D Ultrasound

3. Dopler Ultrasound

4. High-intensity focused ultrasound (HIFU)

5. ESWL

United Kingdom stands as the largest and most influential market for ultrasound technology in Europe.

The United Kingdom stands as the largest and most influential market for ultrasound technology in Europe. The UK boasts a well-developed healthcare system, advanced medical infrastructure, and a strong emphasis on technological innovation. The demand for ultrasound technology is driven by a combination of factors, including a high volume of medical imaging procedures, a focus on patient-centric care, and a growing aging population. The presence of leading ultrasound device manufacturers and research institutions further bolsters the UK’s influence in shaping the advancements and adoption of ultrasound technology throughout Europe.

Country – Europe Ultrasound Device Market has been covered from 7 viewpoints

1. Germany

2. France

3. United Kingdom

4. Italy

5. Spain

6. Poland

7. Rest of Europe

Hospitals continue to hold a dominant position in the Europe ultrasound market

Hospitals continue to hold the dominant position in the ultrasound market across Europe. This is due to several factors that contribute to their prominence. Hospitals serve as major healthcare centers, offering a wide range of medical services and specialties. They require advanced imaging technologies like ultrasound for accurate diagnoses, monitoring patient conditions, and guiding medical interventions. Moreover, hospitals generally have a larger patient volume, leading to a higher demand for ultrasound services. The significant infrastructure and resources available in hospitals enable them to invest in state-of-the-art ultrasound equipment, making them the primary drivers of growth and adoption in the Europe ultrasound market.

End User – Europe Ultrasound Device Market has been covered from 3 viewpoints

1. Hospital

2. Diagnostic Center

3. Others

Key Company

Key players in the Europe ultrasound market include Siemens AG, a renowned provider of cutting-edge ultrasound systems, Hologic, Inc. known for its expertise in women’s health imaging, Canon Medical Systems Corporation, recognized for its comprehensive ultrasound solutions, Koninklijke Philips NV, a leader in healthcare technology, and Samsung Electronics Co. Ltd., which offers innovative ultrasound products.

Key Players

1. Hologic, Inc.

2. Samsung Electronics Co.Ltd

3. Canon Medical Systems Corporation

4. Siemens AG

5. koninklijkephilipsnv

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Bionic Devices Market shall reach US$ 8.68 Billion by 2028 | Renub Research

Renub Research has recently released a report named ” Bionic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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 Bionic Devices Market.

The Bionic Devices Industry shall experience a CAGR of nearly 9.9%. Bionic devices are implanted substitutes for biological functions that have been lost due to nerve injury. They employ electrical impulses to excite nerve cells that have survived sickness or damage. The bionic eye is now being developed across the globe to help visually impaired individuals regain their sight. Bionic devices, which were originally employed for cardiac reasons, have developed to include urine and diaphragm pacing devices. Implantable electrodes offer functional electrical stimulation, allowing patients with nerve injury, such as paraplegics, to restore muscular mobility. These devices aid in limb mobility, sphincter control, and erectile function. The cochlear implant and the bionic eye are two well-known bionic devices. There are additional bionic devices such as actively stimulated nerve guides for treating nerve injuries and stimulated wound healing electrodes. The Bionic Devices Market shall reach US$ 8.68 Billion by 2028, Fuelled by The growing prevalence of chronic diseases and disabilities, technological advancements, and growing demand for prosthetics and orthotics.

The FDA in the United States is in charge of regulating and approving medical devices, including bionic prosthetics. It rigorously supervises the whole process, from development through market approval and adverse event reporting after approval. Because of their wide categorization and implantability, these devices are classified as Class I, II, and III. All Class II and Class III devices must pass rigorous testing and provide technical documentation. Commercial usage needs premarket notification (510k), premarket approval (PMA), or investigational device exemption (IDE) depending on the device type. The FDA’s regulatory procedure for these approvals is often seen as onerous, time-consuming, and strict.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=bionic-devices-market-p.php

In 2022, the global bionic devices market was valued at US$5.41 Billion.

The bionic devices market is developing as the incidence of chronic illnesses and impairments such as arthritis, diabetes, and amputations increases, necessitating mobility assistance for daily living tasks. Non-communicable diseases (NCDs) account for 74% of worldwide mortality, according to the World Health Organization (WHO), with 17 million deaths happening before the age of 70. Road traffic accidents are also a major hazard, killing around 1.3 million children and young people aged 5 to 29 each year.

Technological advancements have resulted in the creation of more complex and efficient bionic devices that provide increased comfort and usefulness. Rising demand for prosthetics and orthotics, particularly in densely populated emerging nations, is fuelling market expansion. Furthermore, the increased emphasis on research and development of new bionic technologies creates new chances for growth.

The Cochlear Implants device category is expected to account for the majority of the bionic devices market.

The cochlear implant device category has a dominant market position, which may be linked to the growing incidence of hearing loss globally. According to the World Health Organization, over 430 million people have debilitating hearing loss, and almost 1.5 billion people (nearly 20% of the world population) have some sort of hearing impairment. The use of assistive devices such as cochlear implants and hearing aids has become critical in assisting persons with hearing loss.

This segment’s development is being driven not just by the increased prevalence of hearing loss, but also by a number of other causes. Technology advancements have resulted in the creation of less intrusive therapies, making the devices more accessible to a greater audience. Furthermore, better technological characteristics such as greater sound quality and connection have made cochlear implants more desirable to those who suffer hearing loss.

Treatment Type – Bionic Device Market breakup from 4 viewpoints:

1. Cochlear implants

2. Exoskeletons

3. Bionic Cardiology

4. Ventricular Assist Device

There is an expected substantial growth in the market for wearable or portable devices.

With technology improvements, the wearable, powerful, and compact bionic devices industry has expanded. The need for assistive equipment has grown as chronic illnesses and impairments are increasingly common. Telemedicine and mobile health (mHealth) have made remote monitoring and the provision of healthcare possible. Additionally, the creation of customised wearable technology that meets individual demands is a result of personalized medicine. Additionally, favourable government efforts and expenditures inmedical technology and infrastructure have boosted the demand for bionic devices.

Fixation – Bionic Device Market breakup from 2 viewpoints

1. Implantable

2. Wearable/Extremely Worn

The market for mechanical devices including bionic devices will see tremendous expansion.

Mechanical devices in the area of bionics are gaining considerable popularity in underdeveloped nations owing to their cost-effectiveness compared to other bionic options. The cost of these mechanical solutions makes them more accessible to a broader audience, particularly in places with limited healthcare resources and budgetary restrictions. As a consequence, they have become a popular alternative for persons seeking assistive gadgets to boost their mobility and daily life tasks. The simplicity and longevity of mechanical devices contribute to their attractiveness, making them simpler to maintain and repair.

Moreover, favorable government regulations and reimbursement systems have played a vital role in promoting the expansion of mechanical devices in the market. Recognizing the relevance of these devices in empowering those with disabilities, governments in numerous countries have created laws that incentivise their use. This involves granting subsidies or financial support to minimize the strain on persons seeking mechanical equipment.

Technology – Bionic Device Market breakup from 2 viewpoints

1. Electronics

2. Mechanical

The hospital sector leads the bionic device market in terms of end-users, retaining the biggest share.

Hospitals play a vital role in the bionic device industry, driven by their modern technology and trained healthcare workers. With their experience and state-of-the-art facilities, hospitals can give top-notch treatment and undertake difficult procedures for patients needing bionic devices. This guarantees that persons with diverse medical requirements get the best possible care and assistance.

Moreover, hospitals are in the forefront of addressing chronic illnesses and impairments, making them a substantial source of demand for bionic devices. As more patients seek medical aid to enhance their mobility and daily living activities, the need for these revolutionary gadgets continues to climb.

End-user – Bionic Devices Market breakup from 3 viewpoints

1. Hospitals

2. Clinics

3. Others

The Asia-Pacific bionic devices market is likely to see a considerable growth rate during the forecast period.

The Asia-Pacific region’s huge aging population increases the frequency of chronic illnesses and impairments, fuelling demand for bionic devices. Traumatic injuries and accidents are also on the increase, further raising demand. Increasing healthcare spending and government attempts to upgrade infrastructure and access to medical technology have further aided industry expansion. Significant players, qualified healthcare experts, and modern research facilities have also contributed to creating and implementing novel bionic devices.

Region – Bionic Devices Market breakup from 4 Regions:

1. North America

2. Europe

3. Asia-Pacific

4. Middle-East & Africa

Competitive Landscape

Abbott Laboratories, Abiomed, Edward Lifesciences Corp., Rewalk Robotics Ltd, Boston Scientific Corp, Baxter International Inc., Cochlear Ltd, Medtronic Plc, and William Demant Holdings A/S are among the companies vying for market share in the bionic devices market.

All key players have been covered from 4 viewpoints:

1. Overview

2. Strategy

3. Merger / Acquisition

4. Financial Insight

Company Analysis:

1. Abbott Laboratories

2. Abiomed

3. Edward Lifesciences Corp.

4. Rewalk Robotics Ltd

5. Boston Scientific Corp

6. Baxter International Inc.

7. Cochlear Ltd, Medtronic Plc

8. Medtronic Plc

9. William Demant Holdings A/S

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 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 : info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

India Payment Market, Size, Share, Growth, Key Players | (Forecast 2023 – 2028) | Renub Research

India Payment Market size is envisioned to attain US$ 8,137.3 Billion by 2028. The virtual fee panorama in India has passed through an enormous transformation, indicating the profound effect it will have on the populace. This shift signifies that a majority of Indians in 2022 belong to a technology that is tremendously talented or exposed to era. Tech-savvy generation has a greater reliance on superior, automated, quicker, and extra efficient technology and offerings. Consequently, there may be a rapid growth inside the demand for India payment marketplace within the coming years. India, as the arena’s biggest digitally linked democracy, proudly showcases a superb parent of 692 million Indians who have get admission to the internet. One can have a look at the results of digitalization by means of noting the coexistence of traditional digital bills alongside coins payments in a balanced way. During the Digital Payments Awareness Week 2023 (DPAW), the Governor of the Reserve Bank of India (RBI) in March 2023 delivered the “Har Payment Digital” initiative with the slogan “Digital Payment Apnao; Auron ko Bhi Sikhao”.

Download a free sample report to get a detailed overview of the market: https://www.renub.com/request-sample-page.php?gturl=india-payment-market-p.php

As digital technologies keep strengthening, together with Artificial Intelligence (AI), Machine Learning (ML), Data Sciences, and blockchain, India fee industry is experiencing a transformative period characterized by using diversification, enhancement, and unprecedented increase. PayTech startups are playing a pivotal role in driving the transformation of the Indian charge panorama, leveraging the countryrole as one of the world’s largest startup ecosystems. Keeping track of winning tendencies inside the India charge industry is crucial to knowledge the trajectory of fee systems in 2023. The great increase in the adoption of virtual payments in India may be attributed to the success implementation of a sturdy payments infrastructure within the country. India Payment Market is projected to develop at a CAGR of 21.4% from 2022 to 2028, propelled by way of the government’s digitalization efforts, multiplied net and cellphone penetration, and the booming e-trade sector.

Digital transactions are revolutionizing India’s economic system, bringing approximately transformative adjustments in various sectors.

India digital panorama has passed through giant growth, propelled via a confluence of things which include government tasks, expanding internet and smartphone usage, and the surge in e-trade. The Indian government has actively championed digital technologies thru flagship applications consisting of Digital India, Make in India, and Startup India, geared toward bolstering digitalization across sectors like healthcare, schooling, and agriculture, while fostering a surroundings conducive to the success of startups.

India has witnessed an extremely good surge within the adoption of fee methods. This surge may be attributed to the growing penetration of smartphones, sizeable internet connectivity, and government initiatives promoting a cashless economic system.

Over the route of the beyond 9 years, the quantity of virtual transactions in India has witnessed an amazing surge, rising from 127 Crore in 2013-14 to an amazing 12,735 Crore transactions in 2022-23 (as of March 23, 2022). This exponential increase represents a growth of over one hundred instances. Notably, the Unified Payments Interface (UPI) has emerged as the favoured fee method among residents, with an excellent 886.Three Crore virtual fee transactions recorded in April 2023. The overall fee of those transactions amounted to Rs. 14.15 lakh Crore, as pronounced through the Press Information Bureau (PIB) of India.

Looking in advance, there are several traits with a view to shape the destiny growth of India mobile payment market. For instance, the inclusion of credit score playing cards at the UPI platform has the ability to seriously growth transaction sizes for P2M (Person to Merchant) transactions, building on the exponential increase located in the course of the submit-pandemic duration.

India stands at the brink of a virtual revolution, offering first rate possibilities to form its digital price future.

An important milestone in India’s adventure towards a digital financial system is the government’s dedication to selling digital transactions through diverse channels like UPI, USSD, Aadhar Pay, IMPS, and debit playing cards. This strategic push indicates a essential jump toward decreasing dependence on coins transactions and fostering the giant adoption of digital charge methods. With the speedy proliferation of smartphones and progressed net connectivity, mobile wallets, UPI, and card bills have received prominence as the move-to alternatives for virtual transactions in India digital payment market share.

Despite the development made, a tremendous portion of the populace nevertheless is based on cash-primarily based transactions. To deal with this, the authority’s ambitions to incentivize merchants to include virtual price answers. Measures together with subsidies for point-of-sale terminals and tax incentives for companies embracing virtual transactions will fuel the kingdom’s transition toward a cashless society, augmenting economic inclusion efforts.

The developing adoption of smartphones and net get admission to has paved the way for extra accessibility to digital payment services amongst a broader populace. The government, in collaboration with initiatives like the Unified Payments Interface (UPI) and the Bharat Interface for Money (BHIM) app, objectives to simplify and sell digital transactions, leading to a “Faceless, Paperless, Cashless” society. This complete imaginative and prescient seeks to encourage digital payments across all segments of society.

India’s price panorama holds wonderful promise, pushed via the transformative strength of virtual price technology. Financial inclusion, consumer enjoys, and innovation is the important thing propellers shaping the future of payment market within the India. Leveraging generation, the government and monetary establishments are providing less expensive and consumer-pleasant economic services, with a special cognizance on accomplishing the unbanked population in rural areas. Notable tasks like Jan Dhan Yojana, Aadhaar, and cellular payments have made superb strides in integrating greater people into the formal financial gadget.

While UPI presently dominates the India fee space, the Renub Research file recognizes the continued importance of credit score cards, which might be experiencing robust increase. Both debit and credit playing cards remain popular alternatives for retail digital bills along UPI. However, a shift in dominance is anticipated in the destiny, with credit score card transactions anticipated to surpass debit card transactions, reflecting evolving patron alternatives and behaviours.

Digital Payment Modes – India Payment Market, Volume & Revenues breakup from 7 viewpoints

1. UPI

a) Transaction Value

b) Transaction Volume

c) Revenue

2. NETC

a) Transaction Value

b) Transaction Volume

c) Revenue

3. Bharat Bill Pay System (BBPS)

3.1 Transaction Value

3.2 Transaction Volume

3.3 Revenue

3.4 Existing Business Categories

3.5 New Business Categories

3.6 Categories Share in Transaction Volume

3.7 Channel Wise Split (Transaction Value)

4. Cross-Border Remittances

a) Inflow

b) Outflow

c) Revenue

5. Cards

5.1 Credit Card Transactions

5.1.1 Transaction Value

5.1.2 Transaction Volume

5.2 Debit Card Transactions

5.2.1 Transaction Value

5.2.2 Transaction Volume

5.3 Revenue (Credit Card and Debit Card)

5.4 ATM Transactions

5.4.1 Transaction Value

5.4.2 Transaction Volume

5.4.3 Revenue

5.5 Merchant Acquiring Revenue

5.6 VAS Revenue

6. AePs

a) Transaction Value

b) Transaction Volume

c) Revenue

7. Prepaid Payment Instruments

a) Transaction Value

b) Transaction Volume

c) Revenue

Key gamers

Prominent gamers in India’s payments marketplace encompass PayTm, Mobikwik, Phonepe Pvt Ltd, Amazon Pay, and Google Pay. These businesses have installed themselves as key gamers in the Indian digital charge panorama, imparting a range of offerings and solutions to cater to the diverse wishes of customers and agencies.

All businesses were protected from 3 viewpoints

• Overviews

• Recent developments

• Revenues

Company Insights

1. PayTM

2. Mobikwik

3. Google Pay

4. Amazon Pay

5. PhonePe

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Water Purifier Market, Size, Share and Growth ⅼ Forecast (2023 – 2028) ⅼ Renub Research

As per Renub Research’s latest report titled “Water Purifier Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” Water Purifier Market Size will reach US$ 56.79 Billion by 2028. As per the Water Project Organization, 80% of illnesses in developing countries are because of sanitation conditions and low-quality water. Worldwide 1 out of every 5 deaths under the age of 5 due to a water-related illness. Safe and clean water is essential to healthy living. Thus, water purifiers kill bacteria, dangerous viruses, and many other impurities from water and enable it to be safe for drinking. Removing impurities such as giardia and cryptosporidium lessens the possibility of gastrointestinal illness by 33%. It also eliminates chlorine byproducts & chlorine and reduces the threat of bladder & rectal cancer.

Moreover, clean drinking water enhances the metabolic system, improves skin health, keeps the energy level, helps weight reduction, and boosts the body’s overall immune system. Water purification systems improve the quality, taste & flavor of raw water. Therefore, clean & safe water for cooking keeps the natural taste. This purifier removes some minerals, which can affect the overall water quality. Water filtration at the entrance helps improve piping systems & saves the cost of maintenance.

Water Purifier Market Trends:

Rising disposable income in emerging nations boosts water purifier market growth. An increasing income level surges customers’ purchasing power, resulting in an enhanced standard of living. Additionally, the need for water purification systems in developing countries is fueled by an increase in the availability of clean water by municipalities and an upsurge in the number of water recycling treatments. Further, raising concerns about healthiness and well-being among the global population has led to the adoption of hygiene conventions. This acts as a key aspect that substantially contributes to the development of the worldwide market.

Besides, the consumer goods industry is majorly impacted due to the COVID-19 pandemic in 2020. During COVID-19, strict lockdowns and entire social distancing were imposed globally. Unbalanced supply chain and production have affected the water purifier market negatively. Because of lockdowns, the development of water purifiers was hindered, resulting in lower supply, therefore negatively affecting the water purifier industry.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=water-purifier-market-p.php

RO Filters accounted for significant Share:

Based on category, the global Water Purifier market is bifurcated into UV filters, Gravity filters, RO filters, and others. RO filters contributed to the largest market. RO water filters are costly & designed to deliver bottled quality water. These advanced filters can deduct 99% of impurities and are positively recommended to dine hard water. Vital minerals such as calcium, magnesium, iron are not permitted through RO systems, which can alter water’s taste. Also, RO filters need to be returned conveniently, which further aid the maintenance cost.

In terms of distribution channels, the Water Purifier market is segmented into direct sales, retail stores, and online media. The retail store’s segment held a significant water purifier market. This was attributed to the more high affinity of consumers toward physical stores, as they are perceived to be unassailable and allow consumers to try the purifier product before buying. Further, retail stores have the added benefit of immediate gratification, boosting their popularity. Leading brands in water purifiers that use retail stores and direct sales are now growing their channel into online divisions to attract more customers.

Residential is the Fastest-Growing End-Users in the Global Market:

The End-Users market is classified into residential and commercial sectors. The residential was the most comprehensive end-users. Compared to the commercial sector, water is extensively consumed in the household for cooking, washing, bathing, and other purposes. The water purifier gained favor among residential users due to declining water quality, urbanization, and a surge in waterborne illness. Moreover, the rapid urbanization worldwide is projected to create more water purification products during the coming year.

Region-wise, Asia-Pacific was the largest market:

The Asia Pacific accounted for the considerable market. China is the biggest shareholder in the Asia Pacific. Though water purification systems’ penetration rate is lower in India, awareness about waterborne illnesses and their adverse health impacts on the body is growing. The region comprises around 60% of the globe’s population, including China, Vietnam, Thailand, Indonesia, India, Philippines, and Macau as the emerging markets. Global brands desire amongst themselves to provide better value propositions and effective marketing strategies. Eureka Forbes, Tata Chemicals, Midea Water Appliances, and Kent RO are the leading water purifier companies operating in the Asia Pacific.

Key Market Players:

The leading companies operating in the global Water Purifier market include AO Smith Corporation, Honeywell International Inc., Unilever plc, Pentair, Helen of Troy Limited, Panasonic Corporation, Koninklijke Philips N.V, 3M Corporation.

Market Summary:

Technology – Renub Research Report covered Water Purifier Market by technology in the 4 viewpoints (UV Purifier, RO purifier, Gravity purifier, and Others)
End Users – Water Purifier Market has been covered End-Users from 2 viewpoints (Residential and Commercial)
Regions – We have covered Regions breakup by 22 countries (North America, Europe, Asia Pacific, and Rest of World)
Distribution Channel – Our Report covered by Distribution Channel breakup by 3 viewpoints (Retail Stores, Direct Sales and Online)
All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Panasonic Corporation, Honeywell International Inc., AO Smith Corporation, Unilever plc, Pentair, Helen of Troy Limited, Koninklijke Philips N.V, 3M Corporation

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Narcolepsy Drugs Market was US$ 5.95 Billion in 2030, and it is expected to grow by 8.01% from 2023 to 2030 ⅼ Renub Research

Narcolepsy is a sleep disorder disease that concerns a person’s capability to manage their sleep-wake cycles. It is a severe neurological disorder that causes sudden, unmanageable sleep attacks and makes patients day to day activities difficult. Despite having rested after waking up, people affected with narcolepsy may encounter extreme sleepiness throughout the day.

Many people who are affected by narcolepsy also experience uneven and interrupted sleep during the night. Narcolepsy can severely affect the daily activities of the patients who are affected by this disease. People who are severely suffering from narcolepsy may fall asleep in the middle of any activity, for example, talking, driving, or eating.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=narcolepsy-drugs-market-p.php

Cataplexy is a symptom of sudden muscle weakness while awake that makes a patient limp or unable to move. Narcolepsy is an incurable disease, but symptoms can be managed to improve over time with proper medications and lifestyle changes. The rising stress levels among individuals accordingly lead to a stressful lifestyle. An increase in the consumption of tobacco, alcohol, and other harmful addictive substances is going to aggravate the risk of narcolepsy further.

Factors to Drive the Growth

The Narcolepsy drugs Market is forecasted to rise due to growth in disposable income, majorly in India and China, and awareness about their benefits. Market growth is also driven by the rising prevalence of the disease, advanced research and development activities and investments, and the intro of new therapeutic drugs.

Sodium oxybate, clinically known as gamma-hydroxybutyrate (GHB), is the most recommended drug. It immensely helps in improving the lifestyles of the affected ones. This drug works by controlling sleep patterns and reducing cataplexy incidents. Sodium oxybate has gained popularity among healthcare companies and patients due to its special agent of activity. This drug is tailored to address complex medical conditions of narcolepsy. The Food and Drug Administration (FDA) authorized Lumryz, a sodium oxybate-based medication, as a treatment for cataplexy and excessive daytime sleepiness in adult narcolepsy patients in May 2023.

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Global modular kitchen market is set to reach USD 35.59 Billion by 2028, with a CAGR of 6.38% from 2022 to 2028

Modular kitchens incorporate convenience and efficient use of space and allow for less time-consuming tasks. These products are usually focused on modern houses and apartments that incorporate the latest trends in interior design, furniture, furnishings, etc. Also, many people are gradually shifting to megacities that offer well-furnished houses. Furthermore, the concept of a nuclear family is growing, and people are looking for apartment-style homes. This demand is driving the rise of housing projects incorporating the latest kitchen fittings, including modular kitchens. All of these points work well for today’s fast-paced life, led by most of today’s homeowners. With increased demand, there are multiple opportunities for both domestic players and international brands.

The increasing demand for organized living spaces and convenient facilities can be attributed to changes in lifestyle and shifting consumer preferences. Modular kitchens are custom-designed to meet the unique requirements of users. Apart from efficient use of space and easy accessibility to kitchen tools, they offer personalized solutions for various needs. A modular kitchen also ensures classy designs.

Advantages of Modular Kitchens over Traditional Kitchens

Social Space: The role of the kitchen has completely changed in the last few years. Now, kitchens are more than just cooking spaces. Now, the visitors often catch up in the kitchen, creating a social atmosphere. The kitchen has become the home’s soul due to the modular kitchen.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=modular-kitchen-market-p.php

Customization as per Taste: Modular kitchens allow customers to style, functionality, and usage. Today, Kitchens can double up the space and be customized for large and small families.

Open kitchens are a popular trend, and they offer a great way to maximize space. Even small kitchens can benefit from smartly integrated tall kitchen units, open shelves, S-shaped pull-out units, and more. modular kitchen storage solutions are clever and ergonomic, making them a great choice.

Modular kitchens are known for their high quality, durability, and superior craftsmanship. They’re made using top-notch materials and assembled with precision and attention to detail.

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Japan E-Commerce Payment Market, Size, Share, Outlook | Forecast (2023-2028) | Renub Research

A recent report from Renub Research, “Japan E-Commerce Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2028,” offers a thorough industry analysis that includes market share insights. The report also includes research on competitors, geographical areas, and the recent expansion of the Japan E-Commerce Payment Market.

Japan E-Commerce Payment Market is projected to grow at a CAGR of 10.60% between 2022 and 2028. Japan is experiencing a noteworthy shift from conventional cash-based transactions to digital payment methods. While cash has been a dominant mode of transaction for years, the push of authorities towards a cashless society, mixed with the ease presented by digital wallets and mobile payment apps, is propelling the growth of the e-commerce payment market. Major competitors like Rakuten Pay, LINE Pay, and PayPay are gaining recognition, supplying stable and efficient digital payment solutions.

Furthermore, contactless payments via NFC and QR codes are gaining popularity in Japan, with a projected continued adoption among businesses and individuals. The integration of AI and big data analytics enhances the e-commerce payment experience through customer behaviour analysis, personalized payment recommendations, and fraud detection. AI-driven chatbots and virtual assistants further elevate real-time customer support, ultimately enhancing overall customer satisfaction in the process.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=japan-e-commerce-payment-market-p.php

The surge in mobile commerce in Japan, driven by increased smartphone shopping and businesses’ mobile-friendly sites/apps, aligns with the growing adoption of mobile payments, propelling a convergence of e-commerce and mobile payments set to drive market expansion. Simultaneously, Japan prioritizes transaction security, investing in robust measures like biometric authentication and tokenization to protect customer data, building trust in digital payments and enhancing consumer confidence in e-commerce transactions. So, Japan E-Commerce Payment Market is projected to reach US$256.90 Billion by 2028.

Furthermore, the Japan e-commerce payment market is not always confined to home transactions. Cross-border e-commerce is flourishing, with Japanese purchasers showing a robust interest in purchasing goods from foreign places. Thus, cross-border payment solutions and forex conversion offerings are becoming indispensable to the e-commerce payment market. This opens up possibilities for international payment companies to cater to Japanese consumers and traders.

Likewise, the Japanese government has carried out regulatory adjustments to inspire digital payment adoption and foster competition in the e-commerce payment market. Initiatives consist of simplified Know Your Customer (KYC) procedures, reduced transaction fees, and the advertising of interoperability among payment systems. These measures aim to create a greater conducive environment for new entrants and innovation, that could similarly stimulate boom in the Japan e-commerce payment market.

Media products dominate the share of the Japan e-commerce payment market.

The payment market for media products in Japan holds the highest percentage due to the recognition of digital content consumption, such as streaming services, online publications, and downloadable media. However, the apparel and footwear section has emerged as the quickest-developing sector in the Japan e-commerce payment market, driven by changing customer preferences for online purchasing, especially in the fashion zone. Factors along with comfort, a wide range of alternatives, and improved virtual try-on exploits have fuelled this growth, making it a dynamic and swiftly evolving segment in the Japan e-commerce payment market.

The mobile payments sector in the Japan e-commerce payment market is expanding quickly.

The Japan mobile payment sector is rapidly developing due to the proliferation of smartphones and the emergence of numerous mobile payment apps and virtual wallets, like Apple Pay, Google Pay, Rakuten Pay, and LINE Pay, providing consumers convenience and options, making it the fastest-growing section in the Japan e-commerce payment market. Meanwhile, credit card payments stay dominant because of their mounted presence, wide reputation, and purchaser trust, but mobile payments are hastily gaining ground, pushed by means of technological innovation and changing customer choices.

Competitive Landscape.

Large companies like Rakuten Group, Suica, PayPay, Origami, MerPay, and D-Barai, among others, dominate the Japanese e-commerce payment market.

Market Summary.

Segment – Renub Research report covers the Japan E-Commerce Payment Market, by segment in 14 viewpoints (Media Products, Apparel and Footwear, Food and Drink, Personal Accessories and Eyewear, Consumer Electronics, Beauty and Personal Care, Home wares and Home Furnishings, Consumer Appliances, Consumer Health, Traditional Toys and Games, Pet Care, Home Improvement and Gardening, Video Games Hardware, and Home Care).
Payment Method – The Report covers Japan E-Commerce Payment Market, by payment method in 6 viewpoints (Credit Card, Convenience Store Payment, Direct Carrier (Billing), Mobile Payment, Cash on Delivery, and Other).
Key Players – All the major players in the Japan E-Commerce Payment Market have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) Rakuten Group, Suica, PayPay, Origami, MerPay, and D-Barai.

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

India Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030 | Renub Research

In a report recently released by Renub Research titled “India Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2028,” market share information is presented alongside a comprehensive industry analysis. The report also examines regions, competitors, and the recent expansion of the snacks market size in India.

India snacks market is anticipated to expand at a CAGR of 12% between 2022 and 2028. The snacks market in India is a dynamic and unexpectedly increasing quarter inside the country’s food industry. It is characterized by a diverse range of snack products, together with conventional and modern alternatives, catering to varying taste preferences. The market’s increase is pushed by elements which include changing consumer lifestyles, urbanization, increasing disposable earning, and a penchant for convenience foods. Furthermore, a surge in need for more healthy and innovative snack options has additionally shaped the evolution of snack market size in India in recent years.

Likewise, the healthy snacks market size in India is experiencing substantial growth, driven by a rising health-aware population. Consumers are more and more in search of nutritious and better-for-you snack options that align with their health goals. The health snacks market size consists of an extensive range of products consisting of protein bars, baked snacks, fruit and nut mixes, and organic options. As cognizance of the importance of healthy eating keeps to develop, the healthy snacks market size in India is anticipated to grow further in the coming years. Thus, India snacks market is expected to generate US$23.69 billion by 2028.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=india-snacks-market-forecast-organized-unorganized-companies-consumer-survey-p.php

Furthermore, the ready-to-eat snack market in India is witnessing great increase due to changing lifestyles and increasing urbanization. Consumers are seeking handy, on-the-go snack options that require no preparation. The ready-to-eat snack market in India incorporates a wide type of snacks like namkeens, chips, and savoury items that cater to numerous flavor options. As busy schedules come to be the norm, the ready-to-eat snack marketplace continues to enlarge, providing a wide variety of alternatives for customers looking for brief and gratifying snack options.

The unorganized sector dominates the snacks market size in India primarily due to its extensive reach in rural and semi-urban areas.

Small local snack vendors, mom-and-pop stores, and street food providers shape a substantial a part of this market. They provide an extensive variety of conventional and local snacks, often at lower prices than organized brands. This affordability, coupled with the familiarity of local flavors and convenient accessibility, makes the unorganized sector a favoured choice amongst a diverse Indian populace, leading to its dominance in the snacks market in India.

Traditional Indian snacks remain popular in the snacks market in India because they offer a unique blend of flavors, textures, and cultural significance.

These traditional snacks have stood the test of time, reflecting India’s rich culinary heritage. They cater to diverse taste preferences and are often associated with nostalgia and comfort. Moreover, traditional snacks are frequently made from locally sourced ingredients, aligning with the trend of supporting locally produced and sustainable foods. Their enduring popularity is a testament to their enduring appeal in a rapidly evolving snacks market size in India.

East India is emerging as a significant growth region in the snacks market in India.

The East India area boasts a wealthy culinary lifestyle with diverse flavors and snack varieties that attract a wide consumer base. Also, East India’s developing urbanization, growing disposable earning, and a burgeoning middle-class population have boosted snack intake. Furthermore, the area’s specific snack offerings, which includes sweets like Rasgulla and Sandesh, have received popularity not only locally however also nationally and across the world, contributing to its surge in the snacks market size in India.

Competitive Landscape.

Among the top companies in the snacks market in India are Prataap Snacks, Nestle, DFM Foods Ltd., PepsiCo, ITC Limited, Britannia, and Agro Tech Foods Ltd.

Market Summary.

Sector- The Report covers India Snacks Market, by sector in 2 viewpoints (Organised, and Unorganised).
Type- By Type, India Snacks Market, breakup in 3 viewpoints (Ethnic Namkeen, Ethnic Bhujia, and Western Snacks).
Region- Renub Research report on the India Snacks Market covers by region in 4 viewpoints (North India, West India, East India, and South India).
Key Players- All the major players in the India Snacks Market have been covered from 3 Viewpoints (Overview, Strategy, and Sales) Prataap Snacks, Nestle, DFM Foods Ltd, PepsiCo, ITC Limited, Britannia and Agro Tech Foods Ltd.

About the Company:

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com