The post CANNABIDIOL IN THE U.S. appeared first on DP Research.
]]>Ever since the enactment of the Farm Bill in December 2018, which reclassified hemp containing less than 0.3 THC per gram as a non-controlled substance and legalized the sale of CBD, there has been a great deal of excitement about CBD’s potential as a valuable functional ingredient. The CBD market has indeed experienced significant growth since 2019, but it has been hindered by the Food and Drug Administration (FDA)’s regulatory ambiguity. The consequences of this ongoing uncertainty are now starting to emerge within the market.
Upon the initial legalization of CBD for commercial sale, there was optimism that the FDA would swiftly establish a regulatory framework to govern this thriving market, despite existing legal obstacles. However, whether due to excessive enthusiasm leading to unrealistic expectations or the FDA’s sluggishness in taking action, little has changed since the market’s inception. As a result, both companies and consumers are understandably left in a state of confusion. It is to be noted that:
- The growth of CBD sales is currently facing obstacles, but it is important to note that the market is still in its early stages and has not reached maturity. The top ten companies in the market only control a small portion, approximately 10%, with the leading company holding slightly over two percent market share. Additionally, several significant sales channels remain inaccessible for CBD products.
- A majority of individuals have now experimented with CBD products, allowing for a more defined profile of CBD users. On average, CBD users are of working age and are seeking products that can assist them in overcoming challenging circumstances.
- However, many consumers still have reservations about CBD products due to misconceptions surrounding its effects, as well as concerns regarding safety and efficacy. The presence of potentially unsafe products in the market can have a lasting impact on the perception of brands and products in the industry.
- Analyzing CBD’s performance in segments subject to regulatory restrictions can offer insights into its potential if regulations were to change, allowing for the removal of barriers that currently limit its market reach.
The Current Landscape
Despite CBD no longer being regulated by the DEA, it remains under the jurisdiction of the FDA. Adding complexity to the situation, the FDA had previously approved a CBD-based pharmaceutical drug called EPIDIOLEX before the passage of the 2018 Farm Bill. According to the FD&C Act, if a substance is an active ingredient in an approved drug or is being investigated as a new drug, it cannot be marketed as a dietary supplement or added to food, except for cosmetic products. As a result, the FDA has primarily focused on targeting companies that make explicit claims about CBD as a treatment for various conditions, issuing warning letters while overlooking those that don’t make such claims. Currently, the FDA does not believe there is enough evidence to change regulations and allow CBD in dietary supplements or food, leaving CBD in a legal gray area.
A significant consequence of this regulatory uncertainty is that CBD companies still lack access to major U.S. retailers. Retail giants like Walmart, Target, and Amazon have chosen to refrain from selling CBD products due to concerns about FDA compliance. Since Amazon and Walmart alone account for approximately one-fifth of all retail sales, the absence of these markets severely hampers CBD sales. Consequently, the online market has become the primary channel for CBD sales, particularly through direct-to-consumer sales on CBD company portals, facilitated by the surge in e-commerce during the COVID-19 pandemic.
One notable example is Charlotte’s Web, which currently holds the largest market share in the industry. The company gained recognition from the story of a young girl with severe epilepsy who experienced significant symptom improvement after using their high-CBD, low-THC cannabis strain, originally known as “Hippie’s Disappointment,” due to its non-psychoactive effects. Despite being an early entrant in the market, Charlotte’s Web-only commands a 2.3% market share.
Estimated CBD product dollars sales in the United States from 2022 to 2026
When the CBD market emerged following the passage of the 2018 Farm Bill, experts projected a period of rapid and remarkable growth. Indeed, the market swiftly expanded to a value exceeding four billion U.S. dollars. However, the optimistic outlook for the industry has shifted, and unless regulatory changes occur, the market is anticipated to stagnate.
Several crucial sales channels remain inaccessible to CBD products, impeding market growth. Companies operating within the confines of the law face limitations on the types of products they can offer. These restrictions hinder their ability to capitalize on the market’s potential fully.
E-commerce is driving the CBD market
E-commerce has emerged as the dominant sales channel for CBD, accounting for sales surpassing $2B in 2021. More than one-third of total CBD sales occurred through online channels during that year. The strength of online CBD sales can be attributed to multiple factors. Firstly, brick-and-mortar retailers remain cautious about stocking CBD products, limiting their availability in physical stores. Additionally, the growth of the CBD market coincided with the COVID-19 pandemic, which led to increased online shopping overall. Many leading CBD companies have adapted to this landscape by focusing on direct-to-consumer sales, as major e-commerce platforms like Amazon prohibit the sale of CBD products.
U.S. sales of CBD products in 2021, by channel
The factors driving CBD consumption
Despite the uncertain outlook for the CBD market, we can shed light on the characteristics and behaviors of consumers within the market. It appears that the controversies surrounding CBD’s legal status, coupled with significant events that coincided with its entry into the market, have led to widespread awareness among consumers in the United States. Many individuals have already experimented with CBD products, reflecting a considerable level of consumer adoption.
Indeed, it is important to consider the timing of CBD’s entry into the market, which occurred shortly before the onset of the COVID-19 pandemic. This temporal correlation could help explain the association between the demographic that comprises the majority of CBD users and the reasons behind their CBD usage.
Given that CBD gained traction during a time of heightened anxiety and stress caused by the pandemic, it is plausible that individuals of working age, who are seeking products to help them cope with difficult times, make up a significant portion of CBD consumers. The potential therapeutic properties of CBD, such as its purported ability to alleviate anxiety or aid in relaxation, may have resonated with individuals seeking relief during the challenging circumstances brought on by the pandemic.
The demographic profile of CBD users is typically younger individuals who are not teenagers but have not yet reached middle age. This age group is typically expected to be in the prime of their lives, juggling careers and families. Interestingly, CBD users often turn to CBD to address quality-of-life issues such as stress and poor sleep, which are frequently interconnected. This trend may be influenced by the decline in mental health experienced by working-age adults in the United States during the peak years of the pandemic. The combination of concerns about the safety of loved ones, children and the instability of employment and finances may have led many consumers to seek a product like CBD that promises to alleviate their mental distress without the associated health risks of other stress-relieving options.
It’s important to note that not all CBD use can be attributed solely to the pandemic’s impact. Many consumers may have turned to CBD as an alternative to pharmaceutical drugs that often come with unwanted side effects. CBD, derived from a plant, is perceived as a healthier option for addressing similar problems.
The popularity of tinctures as the preferred product format for CBD reflects both the perceived medical benefits of CBD and the fact that tinctures are fully legal products. Many companies are more likely to market tinctures, as opposed to infused foods, to avoid potential regulatory action from the FDA.
Interested in obtaining a personalized report or acquiring a duplicate of the current one? Feel free to contact me via this form for further information.
Table of content:
- The current landscape
- CBD sales are stalling
- Sales by channel
- Key Players and their market share
- The factors driving CBD consumption
- CBD consumers Personna
- Why people use CBD
- The most popular form of CBD product
- CBD and THC Differentiation and Consumer’s perception
- The danger of CBD products and regulations
- Brand awareness and brand trust
- Why consumers stop using CBD
- Why consumers are not interested in trying CBD
- The indicators of CBD‘s potential
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]]>The post The Global Hydroponics Market Size and Growth Trends appeared first on DP Research.
]]>The global Hydroponics market is expected to reach a value of $16.8 billion by 2026, growing at a CAGR of 14.2% during the forecast period from 2020 to 2026. The increasing global population, rising demand for fresh and healthy food, and the need for sustainable and efficient agricultural practices drive the market’s growth.
Market by Segment
The crop type segment is expected to dominate the market, with the vegetable segment holding the largest share, followed by fruits and flowers. The vegetable segment is expected to grow at a CAGR of 14.5% during the forecast period. The system type segment is also expected to grow at a CAGR of 14.5% during the forecast period, with the water culture segment holding the largest share, followed by drip irrigation and aeroponics. The component segment is expected to grow at a CAGR of 14.6% during the forecast period, with the hardware segment holding the largest share, followed by software and services.
Market by Geography
Geographically, the global hydroponics market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to dominate the market, with a share of 30.5% in 2020, followed by Europe and Asia-Pacific. The market in North America is driven by factors such as the increasing demand for fresh and healthy food, the need for sustainable and efficient agricultural practices, and the presence of key players in the region. The European market is driven by factors such as the increasing awareness about the benefits of hydroponics, the need for sustainable and efficient agricultural practices, and the presence of key players in the region. The market in Asia-Pacific is driven by factors such as the increasing population, the rising demand for fresh and healthy food, and the need for sustainable and efficient agricultural practices.
Key Players
Some of the key players operating in the global hydroponics market include General Hydroponics, Heliospectra AB, Illumitex, Inc., LumiGrow, Inc., Nexus Corporation, Paul Boers Plantenkwekerij BV, Signify Holding, and Others. These players are focusing on strategic partnerships and collaborations to expand their market presence and increase their share in the global hydroponics market.
In conclusion, the global hydroponics market is expected to witness significant growth during the forecast period, due to the increasing global population, rising demand for fresh and healthy food, and the need for sustainable and efficient agricultural practices. The increasing awareness about the benefits of hydroponics and the presence of key players in the market are also expected to drive the market’s growth.
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]]>The post Remote Helpdesk Market Overview and Size: US AND GLOBAL appeared first on DP Research.
]]>The remote help-desk market is a fast-growing business in the IT industry.
The remote helpdesk market is a fast-growing business in the IT industry. The market is expected to grow at a rate of 7.3% per year and reach $12.3 billion by 2023, according to research firm IDC’s annual estimates for the global remote help desk (RHD) market. It’s projected to reach $16.3 billion by 2027 — meaning it will be worth more than half of all software sales that year!
Contact me to get a copy of this report at a nominal price. The table of content include the:
- Market Size – Global and US
- Key Cost Metrics
- Trends
- Ecosystem
- Tools & Platforms
- Service Portfolio
- Competitor Landscape
- Competitor Intelligence – selected companies
Remote help desks are helpful when companies grow quickly and build offices in far-flung locations.
Remote help desks are especially useful when companies grow quickly and build offices in far-flung locations. Employees can work from home, which helps them maintain strong connections with their families. Additionally, the fact that employees don’t have to commute means they’re more likely to take vacations or spend time with loved ones at home.
Many companies offer remote help-desk services.
Many companies offer remote help-desk services. Outsourcing your help desk is a good choice when you have many locations because it can be expensive to hire and manage an in-house staff. It’s also helpful if you’re trying to save money during lean times or have too much business for your current in-house help desk team, which can be hard on employees’ mental health and productivity levels.
Some businesses outsource their remote assistance because they don’t want the added stress that comes with managing multiple locations at once—or because they don’t have time or resources to do so themselves.
Outsourcing your help desk can reduce personnel costs, improve your service level agreement (SLA), and avoid problems when employees leave.
Outsourcing your help desk can reduce personnel costs, improve your service level agreement (SLA), and avoid problems when employees leave. For example, suppose you have a large team of employees responsible for answering customer calls but are not trained in the latest technology or software applications. In that case, you may be spending money on replacing them without realizing it. By outsourcing some of these tasks to an independent contractor or a third-party provider whose employees are trained in those areas and can offer superior customer service—and at a lower cost than hiring new staff members—you’re saving money while improving service levels across all of your departments.
Outsourcing has risks, so it’s important to research vendors carefully.
Before you outsource your support needs, it’s essential to research the vendor thoroughly. Each vendor has different processes and policies for handling customer inquiries, billing issues, and more. Make sure you understand their service level agreement (SLA), security policies, support policies, and pricing structure before signing on any dotted lines.
A remote help desk can be an economical way for companies to provide IT Support
Remote help desk service is an excellent way for companies to reduce their personnel costs and improve the quality of service they offer. When you outsource your IT support, you’ll no longer need to hire or manage staff in-house. This can help save money for both parties—the vendor will pay for itself over time, while you won’t have to worry about a sudden influx of hires at a bad time (like during tax season).
There are also benefits of hiring a remote help desk:
- Improved SLA – A remote team provides 24/7 availability, so customers don’t have any downtime when contacting them. They also have access to live chat or phone support whenever needed; this means that clients aren’t waiting on hold forever waiting for someone who may not be available or is too busy helping someone else before returning their call (and this could lead to even more problems).
- Avoiding employee departures – If employees leave due to poor performance issues within your company, then it could be difficult to find replacements who can do everything needed without causing any more headaches than necessary.”
Conclusion
The remote help-desk market is one of the fastest-growing parts of IT. It’s a great option for companies that need to expand their operations but don’t want to hire more employees or move into new locations. Remote support can be more cost-effective than traditional visits because it doesn’t require travel expenses or time off work. The market is also growing steadily because more people are turning to technology as an essential part of their daily lives. These factors will continue pushing demand higher in 2023 and beyond!
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]]>The post Healthcare Recruitment Market Size – Permanent and Temporary Staffing appeared first on DP Research.
]]>The healthcare recruitment market is a vital part of the overall healthcare industry. It is crucial to ensure that hospitals, clinics, and other healthcare facilities have the skilled and qualified staff they need to provide top-quality care to their patients. As per my recent research, the US healthcare recruitment market size was valued at $28.5B in 2021 and is estimated to grow at a CAGR of around 9.9%, reaching $50B+ by 2025. The US healthcare recruitment includes both permanent and temporary staffing. However, temporary staffing dominates the market with an 85% market share. Permanent recruitment services only constitute 15% of the market.
Several factors have contributed to the growth of the healthcare recruitment market in recent years. One of the main drivers has been the increasing demand for healthcare professionals due to an aging population and the increasing prevalence of chronic diseases. As more people require healthcare services, the demand for qualified healthcare workers has also increased.
Another factor contributing to the growth of the healthcare recruitment market is the shortage of qualified healthcare professionals in certain areas. In many parts of the world, there are not enough healthcare workers to meet the demand, which has led to a shortage of nurses, doctors, and other healthcare professionals. This shortage has made it difficult for healthcare facilities to fill open positions, which has led to an increase in demand for healthcare recruitment services.
Several different types of healthcare professionals are in high demand in the healthcare recruitment market. These include (by ranking) – Nurse Practitioners, Family Medicine, Radiology, Psychiatry, Obstetrics/Gynecology, Internal Medicine, and Anesthesiology.
The healthcare recruitment market is a competitive one, with many different companies offering recruitment services to healthcare facilities. These companies use various methods to attract and retain top talent, including offering competitive salaries and benefits packages, providing training and development opportunities, and promoting a positive work culture. Top 5 Companies by market share include AMN Healthcare (12%), CHG Healthcare Services (10%), Jackson Healthcare, Medical Solutions, and Cross Country Healthcare.
Contact me to get a copy of this report at a nominal price. The table of content include the:
- Market Overview incl. market size, trends, turnover rate, average days to fill the position, challenges, segments, demand by heat settings, etc.
- Commercials including recruitment budget, cost of acquisition, average agency fees, cost of acquisition per candidate, average markup by agencies, billing, and hourly rate, etc.
- Competitor Landscape
- In-Depth Competitor Analysis.
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]]>The post Middle East Real Estate and Logistics Market Size and Forecast appeared first on DP Research.
]]>The Middle East is becoming a prominent market for several industries, including retail, logistics, and tourism. This has led to a significant increase in the demand for real estate in this region. In one of my recent projects, I helped a client understand the middle east real estate and logistics market focusing specifically on three countries – Saudi Arabia, UAE, and Oman. Below are some of my findings:
Middle East Real Estate Market Size
The Middle East Commercial real-estate market is a ~$1,000B market, with Saudi Arabia and UAE accounting for 50%+ market share. UAE is a $220B market, and Saudi Arabia is a $287B market. Oman has one of the region’s smallest commercial real estate markets, with a total size of $25B
Logistics Market
The UAE Logistics market is a $21B market, growing at a CAGR of 8.41%. This is followed by Saudi Arabia, a $22B market, and Oman, a $15B market. Interestingly, Oman has the highest growth rate of 9.05%.
Cold Chain Market
The Size of the MEA cold chain market was estimated at $23.8B in 2021, and it is expected to expand at a CAGR of 7.4% to reach $35.1B by 2026. The growing penetration of connected devices and the automation in cold rooms are stimulating growth. The growing demand for perishable products and the rapid delivery requirements of the F&B delivery market based on e-commerce has significantly boosted cold chain operations.
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Email: ravisingh@digitalpresence.co.in
Content includes:
- Market Overview
- Real Estate Market Size
- Logistics Market Size
- Cold Chain Market Size
- PEST Analysis
- Pricing: Land Value, Rent, and Capital Values
- Rent Trend: Industrial Rental Rates
- Industrial Yields
- FDI Trend
- Interest Trend
- Export and Import trend
- Ports and inland logistics hubs
- New industrial cities
- Existing Logistics Infrastructure
- Conclusion
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]]>The post Table order apps and restaurant management software market appeared first on DP Research.
]]>Summary
Table order apps and websites are part of the overall Frontend Restaurant Management Software market, growing at a CAGR of 13.3%. The table order technology also referred to as in-venue order, on-table order, etc., includes Apps (Native or Aggregator) and QR Codes.
With the onset of Covid-19, many people, want social distancing, and so there is a massive surge in the usage of table order tech, including QR Codes. As per a report by But.ly, QR code downloads have soared 750% over the last 18 months. The total addressable market for the Table App Tech is $12.25B, and the market size (i.e., SAM) is $2.4B. The US is the largest market, with a market share of 32%. China, Japan, and India follow this with respective market shares of 20%, 13.1%, and 6.2%. Israel is a relatively more minor market with a TAM of only $24M and a market size of only $4.5M.
As per a few reports, the key benefits of a table app are an increase in revenue, fewer errors, better operation, and high table turnover time; however, challenges like Cybersecurity and connectivity are also cited.
The table order app/QR Code market is flooded with several small vendors, with StoreKit, GoodTill, TabTable, and Dines being popular. None of the competitors is an exclusive QR Code/App provider. Instead, they offer a suite of frontend platforms/modules for restaurants. Most vendors in this space offer a transaction-based cost structure. The average charge per transaction is 1.7% (of this, an average of 1.3% is paid to the credit card companies). Some vendors also offer caps on the total transaction cost per month, which becomes their value proposition.
The Funding Trend in the table order app/QR Code market is negligible, and most of the companies identified are not funded. Hence there is a challenge for a new company to convince investors about the prospect of this market.
MARKET SIZE: RESTAURANT MANAGEMENT SOFTWARE
Table Order is part of the overall restaurant management software market. The global restaurant management software is a $3.5B market and will reach $6.5B by 2026 at a CAGR of 13.3%. Israel is 1% of the global software market and will be worth $65M in 2026.
MARKET SIZE: FRONTEND RESTAURANT MANAGEMENT SOFTWARE
The frontend software segment accounts for the majority of this market, with a projected share of 58% by 2025.
This segment includes software for “food ordering, billing, payment processing, customer interaction, tracking sales, order management reporting, and marketing.”
WHY THIS IS THE RIGHT TIME FOR A TABLE ORDER TECHNOLOGY
As the threat of Covid is subsiding, many customers are now going out to restaurants; however, the restaurants are facing an acute shortage of staff. The reason for staff shortage include:
- Hard to rehire workers: The establishments, which were forced to shut down or shift to takeout-only during the lockdowns and had put their workers on unpaid leave or fired them, are now finding it hard to get them back.
- The emergence of alternative jobs: Others found jobs, such as food delivery, that pay better and have flexible hours
- Jobs in other sectors: Some workers also found jobs in other sectors, such as delivery services, construction, or nursing care, that continued to operate during the lockdowns.
- Furlough: Several people were put on furlough, making them eligible for unemployment benefits nearly equal to what they were making. This furlough policy, however, is backfiring, some say, with many young workers preferring to stay unemployed rather than go back to a job that pays not much more than what they get from the government. The Employment Service Bureau warned that according to its figures, workers age 34 and under were choosing not to go back to work even as demand for workforce in sectors they typically work in, such as the hospitality sector, which includes restaurants and hotels, saw a surge in the first quarter of the year.
Reach out for a copy of this report or for a custom research report. Email Me: ravisingh@digitalpresence.co.in
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]]>The post Market Research on Australian Car Wash Industry appeared first on DP Research.
]]>Market Overview: Australian Car Wash Industry
The Car Wash and detailing services market is a US$471M market, and it is expected to grow at a CAGR of 2.7% post covid (2021 – 22 onwards), reaching US$525M by 2025. Currently, the market is witnessing a decline due to adverse economic conditions related to the COVID-19 outbreak, and the revenue declined by 16.4% as projected in 2021. Falling discretionary incomes (due to job loss) and a decline in average weekly hours worked have also contributed to the industry’s poor performance. These trends have encouraged more consumers to save money and wash their vehicles at home. However, increased consumer environmental awareness regarding the high-water consumption and potential pollution caused by washing vehicles at home has supported demand for industry services over the period.
In terms of segments, self-service bay and in-bay automatic Car Wash are the most popular ones in Australia. The household with the highest income quintile and the private sector is the most active end users.
Several macro factors will also drive the industry growth in the next few years. These factors include the total number of motor vehicles, the average age of these vehicles, real household discretionary income, water availability, etc. Unlike Australia, the US and European Car Wash industries are way bigger. Per an estimate, the US Car Wash industry is 20 times that of Australia and is worth US$10B. Both Europe and the US also employ way more people compared to Australia. Per a report by IBIS, Both Europe and the US generate 30 times more employment compared to Australia.
The market for Car Wash in Australia is highly fragmented, with no major player dominating the same. Magic hand Car Wash, BP Australia, and Coles group are the key vendors.
Market Size
Revenue for the Car Wash and Detailing Services industry in Australia is expected to decline at a rate of 2.4% over the five years through 2020-21, to US$456M. This decline can largely be attributed to the COVID-19 pandemic, as restrictions on movement, gatherings, and economic disruption are anticipated to constrain industry demand. Falling discretionary incomes and a decline in average weekly hours worked have also contributed to the industry’s performance over the past five years. These trends have encouraged more consumers to save money and wash their vehicles at home. However, increased consumer environmental awareness regarding the high-water consumption and potential pollution caused by washing vehicles at home has supported demand for industry services.
The market is anticipated to pick up from 2021 – 22 onwards, growing at a CAGR of 2.7%, reaching US$525M by 2025. Rising discretionary incomes are expected to drive industry revenue growth over the period. However, increased urbanization trends are projected to limit industry growth as more consumers reduce car travel in favor of public transport. Industry automation is forecast to increase over the next five years, with in-bay automatic washes and conveyor tunnel washes becoming more popular with consumers. This trend is anticipated to support a rise in industry profitability.
As per IBIS, the market is fragmented, with 1.8K+ businesses employing 3.5K people. The average profit margin in this business is 7.2% in 2020. This has declined from 8.6% in 2015. 43% of car owners in Australia regularly use commercial Car Wash es
Contact me for the complete report: ravisingh@digitalpresence.co.in
Table of Content
- Industry Definition
- Main Activities
- Summary
- Market Size
- Market Size by products and services segmentation.
- Market by geography
- Market Size by end-users
- Cost Structure Benchmarks
- Profit
- Purchases
- Wages
- Rent and utilities
- Supply Chain
- Trends
- Business Trends
- Technology Trends
- Key Success Factors
- Macro Growth Drivers
- Number of Motor Vehicles
- Real household discretionary income
- Availability of water
- Average weekly hours worked
- Average age of vehicle fleet
- Demographics and Future Growth Projection
- Car Buyers: Emerging Groups
- Barriers
- Customers Demographics and Behavior
- Market Comparison: Australia Vs. Other Geographies
- US Car Wash industry overview
- Car Wash centers by segment
- Customer Comparison: Australia Vs. Other Geographies
- Opportunity
- Price Satisfaction
- Age of Vehicle
- SWOT Analysis
- Competitor Landscape
- Competitors
- Magic hand Car Wash franchisor
- BP Australia investments
- Coles Group Limited
- Mpower Franchising
Reach out for a copy of this report or for a custom research report. Email Me: ravisingh@digitalpresence.co.in
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]]>The post US E-Scooter Market Size and Competitor Analysis appeared first on DP Research.
]]>What is E-Scooter:
The electric scooter is a device that weighs less than one hundred pounds and consists of handlebars powered by an electric motor. The e-scooter has a maximum speed of twenty miles per hour. – Defined by Precedence Research
Market Size:
Per a study by UC Berkeley’s Haas School of Business, the electric scooters will represent an annual revenue opportunity of between $34 and $42B by 2025 [CAGR: 8%]. While scooter sharing networks will claim most of the e-scooter market, Unagi and the Haas School conservatively estimate that 35% of scooter riders will prefer to own rather than rent, which means e-scooter sales could bring $12B in annual revenue by 2025.
Distribution Channel:
Direct to Consumer (D2C) is the most prominent distribution channel, and 82% of the E-Scooter companies are leveraging it. The second most prominent channel is authorized dealers, distributors, and wholesalers like Best Buy, Bike Tech, Cart Mart, Currys PC World, Eleonto.com, London Drugs, Nova, Extreme Gear, Simply Scooter, Crashboat, Bolt Scooters, Skootr, Electricboardingco.com, etc. Other prominent channels include online retail/marketplace, retail stores, and physical stores.
Buyer Characteristics:
- Men are the most active buyers.
- E-Scooter is primarily popular amongst Millennials, with people between ages 25 to 34 dominating the chart.
- People who drive personal vehicles often consider e-scooter as an alternative.
- E-Scooter is popular amongst middle-income groups, i.e., $50K to $75K per annum.
Competitor Landscape:
The market has several players; however, most of the market share is controlled by Segway. Other prominent players include Unagi, Hiboy, Gotrax.
E-Scooter Vendor Landscape
Segway Profile
Segway Profile
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]]>The post CV Contrast Media Injectors Market appeared first on DP Research.
]]>CV Contrast Media Injectors Market
Therapeutic surgeries like cardiovascular and Nervous systems – which are drivers of CV Contrast Media Injectors- are performed in both ambulatory and hospital inpatient settings. In 2014, more than 624K operations were performed on the nervous system and more than 700K on the cardiovascular system, and this is growing considerably year on year. Most operations require one or several imaging procedures, thus driving the overall demand for Contrast Media Injectors. As per an estimate, around 50% of all imaging procedures need Contrast Media Injectors – representing an attractive market.
Size of Contrast Media Injectors Market
The global Contrast Media Injectors market is a $1.3B market and projected to reach $1.9B by 2025. The market is forecasted to grow at a CAGR is 7.4% between 2020 – 2025. The CV Contrast Media Injectors market is a subset of the overall Contrast Media Injector market. It has a market share of 25.5% of the overall market. As estimated, the CV Contrast Media Injectors market is a $356M market and will reach $474M by 2025.
Contrast Media Injector Market
North America (NA) dominates the Contrast Media Injectors market. It accounts for the largest revenue share of more than 33%, owing to well-established healthcare infrastructure and the availability of advanced technology.
Based on the use, the market is equally divided between consumables (45%) and systems & accessories (55%). In 2021, it is estimated that 45% of the market will be consumables representing $160M.
Contrast Media Injector Market
The CV Contrast Media Injectors are divided into interventional cardiology, interventional radiology, interventional neurology, and endovascular surgeries in terms of Modality. As per an estimate, interventional radiology accounts for the largest market for CV Contrast Media Injectors, and it will be worth $206M in 2021.
Key Players on the Contrast Media Injectors Market:
- Bayer
- Bracco Imaging
- Guerbet Group
- Ulrich
- Nemoto Kyorindo
- Medtron AG
I am a freelance consultant with several years of experience and have worked in Accenture, IBM, and Genpact. I am a top-rated freelancer on several platforms and received several great feedback from clients for my work. Feel free to reach out to me to discuss your business problem. I am sure I will have some point of view and ready material for your instant help!
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]]>The post Ecuador, Colombia, and Peru Alcohol Beverages Market Size appeared first on DP Research.
]]>While doing this research, to my surprise, I came to know about the illegal alcohol market in Latin America. It is a massive issue for LATAM countries and is approximately one-fourth of the overall alcohol market – around $267M in Ecuador, $361M in Peru, and $940M in Colombia.
Below is a sample graph for Ecuador.
Some of the other findings from my analysis and market size include:
Ecuador Alcohol Beverages Market Size:
The overall legal spirits market in Ecuador is $420M and is projected to reach $454M by 2025. The country’s wine market is negligible, and it is projected to reach only $25M by 2025. In 2018, 11% of the alcohol in the country was imported, and the remaining 89% was local.
Peru Alcohol Beverages Market Size
The overall alcohol drink market for Peru is $6.4B. The market is expected to grow annually at 11.35% (CAGR 2021-2025). The largest segment is Beer, with a market volume of $3.6B in 2021. In Peru, the per person revenue of $190.47 will be generated in 2021.
Colombia Alcohol Beverages Market Size
As per an estimate, the Spirits market in Colombia is a $2.5B market and is projected to reach $3.8B by 2025. Unlike the other two countries, the Wine market of Colombia is extensive, and it is projected to reach $1B by 2025. The overall CAGR for alcohol beverages in the country is 10.2% YoY
Another critical thing to know about these markets is import duties. While in Peru and Colombia, there are only a few types of taxes like general rate, free consumption tax, municipal tax, VAT, and excise duties. In Ecuador, there are several other taxes like general rate, CORPEI, FODINFA, customs control fee, inspection fee, excise duty – ICE, other excise duties, and VAT. So, it becomes a little more complicated to import alcohol in Ecuador compared to Peru and Colombia.
I am a business consultant with several years of experience in business strategy, secondary research, and consulting. Please feel free to reach out to me, If you want a detailed report on the LATAM alcohol market and any other geography.
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