Health Insurance Industry: Generating Highest Revenue at Remarkable Growth Rate

Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market. However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market. On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.

According to the report, the global health insurance industry was pegged at $3.15 billion in 2018 and is projected to reach $4475 billion by 2026, registering a CAGR of 4.4% during the forecast period.

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Public service providers segment dominated the market
The public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these providers incur lower administrative costs as compared to private health insurance. However, the private service providers segment is projected to register the fastest CAGR of 4.5% during the forecast period, as private providers offer prompt referral to a consultant, advanced treatment option, and quick & flexible treatment time in private hospitals to subscribers.

Medical insurance segment held largest share
The medical insurance segment dominated the market in 2018, contributing more than two-fifths of the global health insurance market, owing to high costs incurred for expensive surgeries and increase in a number of road accidents. However, the income protection segment is estimated to manifest the fastest CAGR of 4.9% during the study period, owing to mandatory provision of income protection insurance implemented in developed countries.

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North America held lion's share
The market across North America held the largest share in 2018, contributing nearly one-third of the market, owing to high adoption of private insurance among the population, increase in population suffering chronic illness, and availability of high disposable income. However, the global health insurance market across Asia-Pacific is expected to portray the fastest CAGR of 4.9% through 2026, due to increase in awareness regarding benefits of using healthcare insurance.

Frontrunners of the market

• ·         Berkshire Hathaway Inc.
• ·         Prudential plc
• ·         Nippon Life Insurance Company
• ·         Dai-ichi Life Holdings, Inc.
• ·         Kaiser Foundation Group of Health Plans
• ·         Berkshire Hathaway Inc.
• ·         New York Life Insurance Company
• ·         Life Insurance Corporation of India

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Defense Tactical Radio Market: North America is the highest revenue contributor

In military and defense sector, tactical radio communication is majorly used to convey command over the battlefield from person to person. In 2016, handheld segment dominated the defense tactical radio market, in terms of revenue, due to increase in demand for wireless communication devices.

Based on region, North America was the highest revenue contributor to the market in 2016, accounting for around 39.71% share, due to rise in adoption of electronic-based system/components across the defense sectors.

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The report features a competitive scenario of the defense tactical radio market and provides a comprehensive analysis of the key growth strategies adopted by the major players. The key players in the global market are BAE Systems, Inc., Barrett Communications Pty. Ltd, Cobham plc, Codan Limited, General Dynamics Corporation, Harris Corporation, Leonardo S.p.A, Raytheon Company, Rockwell Collins, Inc., and Thales S.A.

Top Impacting Factors:

Increase in the Significance of Effective Communication Operation

Many public safety communication networks are migrating to broadband solutions, which implement IP WAN for first-responder radio networks, video surveillance, and LTE. This in turn improves the demand for greater efficiency and modernization of public safety communication networks.

Shortage of Spectrum and Limited Channel Capacities

Shortage of spectrum to be distributed among users limits the growth of this market. Operators find it difficult to get approval from regulatory bodies, which restricts communication.

These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Defense Tactical Radio Market Key Segments:

By Type

• Handheld
• Vehicle-mounted

By Application

• Special Operation Force (SOF)
• Army
• Navy
• Airforce

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About UsAllied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com

Packaging Machinery - Industry Share, Growth and Regional Forecast

Development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, and increasing usage of vacuum packaging machines drive the packaging machinery market growth. The filling machines segment would dominate the market through 2023. The cleaning & sterilizing machines segment would grow at the fastest CAGR during the study period. The Asia-Pacific market would be lucrative during the forecast period.

According to the report, the global packaging machinery market is expected to reach $62.06 billion by 2023, registering a CAGR of 6.7% from 2017 to 2023.

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The report provides an in-depth analysis of the global packaging machinery market, covering aspects such as current market size & estimations, market segmentation, changing dynamics, competitive landscape, and market forecast. The information in the report is a result of an extensive primary and secondary research.

The global packaging machinery market is segmented into machine type, end user, and geography. Based on machine type, it is divided into filling machines, FFS (Form, Fill and Seal) machines, cartoning machines, palletizing machines, labelling machines, wrapping machines, and cleaning & sterilizing machines. The filling machines segment garnered the largest market share in 2017 and is expected to dominate the market through 2023. However, the cleaning & sterilizing machines segment would grow at the fastest CAGR of 8.4% during the study period. Based on end user, the market is divided into food & beverage, pharmaceuticals, chemicals, cosmetics, and others. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. The market in Asia-Pacific would dominate the market as well as witness the fastest growth of 3.8% during the forecast period.

The drivers, restraints, and opportunities are broadly analyzed in the global packaging machinery market report. Development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, and increasing usage of vacuum packaging machines drive the market growth. However, Eurozone economic uncertainty and stringent government regulations restrain the growth of the market. Conversely, growth in e-commerce and retail industry and increasing usage of robots to increase efficiency in packaging are likely to provide opportunities for the market growth.

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The report also includes an analysis of the leading players operating in the global packaging machinery market. They include Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies, Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, and Harland Machine Systems Ltd.

Why Smart Speaker Industry Gaining Utmost Traction During Forecast?

The proliferation of smart home devices, rising disposable income, and greater inclination toward technological products among millennials have boosted the growth of the global smart speaker market. However, privacy & security concern and localization of languages hamper the market growth. On the contrary, the establishment of natural language processing (NLP) is expected to create lucrative opportunities in the near future.

According to the report, the global smart speaker market was pegged at $4.36 billion in 2017 and is estimated to $23.32 billion by 2025, registering a CAGR of 23.4% from 2018 to 2025.

The global smart speaker market is divided on the basis of an intelligent virtual assistant, end user, distribution channel, price, and region. Based on an intelligent virtual assistant, the market is segmented in Amazon Alexa, Google Assistant, Siri, Cortana, and others. The Amazon Alexa segment dominated the market in 2017, accounting for nearly three-fifths of the total market. However, the Siri segment is estimated to manifest the fastest CAGR of 27.9% during the forecast period.

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On the basis of the end user, the market is bifurcated into personal and commercial. The personal segment held the largest share in 2017, contributing more than four-fifths of the total market. However, the commercial segment is estimated to portray the fastest CAGR of 24.7% through 2025.

Based on the distribution channel, the market is categorized into online and offline. The online segment held the largest share in 2017, garnering more than four-fifths of the market and is expected to register the fastest CAGR of 23.6% from 2018 to 2025.

On the basis of price, the market is divided into low, mid, and premium. The low segment held the lion’s share in 2017. However, the premium segment is estimated to register the fastest CAGR of 24.6% during the forecast period.

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The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the North America region held the largest share, contributing more than one-third of the market. However, the market across the Asia-Pacific region is estimated to register the fastest CAGR of 24.9% during the study period.

The global smart speaker market report provides analysis of the major market players such as Apple, Inc., Amazon.com, Inc., Alphabet Inc. (Google Inc.), Alibaba Group, Bose Corporation, Sonos, Inc., Samsung Electronics Co. Ltd., Xiaomi, Baidu Inc., and Plantronics, Inc. (Altec Lansing/AL Infinity, LLC).