ReleaseWire Connect

Saudi Arabia steel industry is growing immensely due to the growing steel consumption in various sectors such as construction & Infrastructure, manufacturing etc. The construction sector in the Kingdom is considered as the largest and the fastest growing market in the Gulf region. Further, The Saudi Arabia steel market will flourish due to the rapid setup and development of infrastructure projects, growing investment in the real estate, metros, railways, airports etc. In addition to that, steel industry has witnessed remarkable growth in terms of production, as various players are expanding their production capacities to meet the soaring steel demand. Moreover, in future, the crude steel production is anticipated to grow at a CAGR of around 5.6% during 2015-2019.

The rapid development and construction of new schools & colleges in Dubai and Abu Dhabi are making them educational hubs of the region. Both locals and expatriates are lured by the fast pace educational development of the region leading to more number of expat students in the region. According to a new report by RNCOS, “UAE Education Market Outlook 2018”, with majority of schools and colleges in the region, Dubai & Abu Dhabi will continue to be the major drivers of the UAE education sector in the years to come.

Bioinformatics market is rising exponentially and has evolved into an important segment of the biotechnology industry in recent years. Declining costs of human genome sequencing, huge R&D investments by public and private players, rising application of Bioinformatics in various new fields of biotech and pharmaceutical research & development has created a huge commercial market for bioinformatics worldwide. The factors collaboratively result into a rising market predicted to grow at a CAGR of around 19% during 2015-2019.

Nanotechnology is a rising interdisciplinary technology often perceived as new industrial revolution. It is gradually attracting worldwide attention owing to its varied range of end users. The nanotechnology market has been observing substantial growth with the development of all new application areas and inclining research and development funding from government and private sector. The global nanotechnology market was estimated to be US$ 24.1 Billion in 2013 which is projected to grow at a CAGR of 16.5% over the period 2014-2020, with the revenue reaching to US$ 71.2 Billion in 2020 as per RNCOS analysis.

With rise in mobile apps and premium content, DRM market is anticipated to witness significant growth in the coming years as the use of smartphones powered by fast 3G and LTE networks is growing, leading to the volume of mobile data traffic and premium content market. On the top of that, the pace of 3G adoption, to a certain extent, influences the development of premium content applications by providing greater bandwidth and faster data transmission.

The US nutraceutical ingredients market is poised to surpass US$ 12 Billion mark by 2018. For the year 2013, Omega-3 fatty acids accounted for over 7% share in the same. Omega 3 fatty acids are associated with numerous health benefits. One of the biggest proven health benefits of EPA/DHA is its ability to lower the level of bad cholesterol and LDL. Their market is poised to surpass the mark of US$ 1 Billion by 2018. The market is set to increase on account of rising health concerns, higher prevalence of lifestyle diseases in US population and rising baby boomer population, among other factors.

The Healthcare industry in UAE is attracting huge investments. Rapid expansion in the population and income along with sedentary lifestyle of Emirati people are some of the significant growth drivers of healthcare in the region. The UAE healthcare market was estimated to be around US$ 18 Billion in 2013 which is expected to grow at a CAGR of nearly 13.5% in the next five years from 2014-2018 as per RNCOS analysis.

Singapore medical tourism industry is witnessing a remarkable growth inclination over the past few years. World class amenities, expertise doctors and high success rate of complex surgeries are boosting patients’ confidence on country’s medical services. Above all, low cost of treatments and less waiting time are the most crucial factors which are driving Singapore medical tourism industry. Considering the above factors, the Singapore medical tourism industry is projected to grow at a CAGR of around 30% during the forecast period 2013-2017.

Brazil tele-health or telemedicine initiative started in 2006 and operates two significant national projects: The Telemedicine University Network, RUTE and National Telehealth Primary Care Program. Around 48 University and Teaching Hospitals operate their Telemedicine Nuclei and also a network of more than 200 institutions and their specialists participating in 40 Special Interest Groups. In addition, a web application, the HealthNet Telediagnosis service has been developed to allow health practitioners who live in rural Brazil to interact with medical specialists in city hospitals. Considering the above factors, the telemedicine market in the country is anticipated to grow at a CAGR of around 26.5% during 2012-2015.

Asia Pacific region has been dominating the LNG demand in the global LNG market with China exhibiting highest growth among the member nation in lieu of rapid urbanization in the country and government policies and regulation. Chinese government is also enhancing natural gas usage by developing infrastructure in the country. As per our report, “Asia Pacific LNG Market Outlook 2020”, the share of natural gas in China’s energy mix was 4% in 2012, and the government has set the target to increase it further in the coming years. The government has been carefully considering setting a price level in order to develop the natural gas market in China and particularly promote natural gas use as a substitute for coal and oil. Consequently, China’s cheaper domestic prices for natural gas are also adding to its strong position in the Asia Pacific LNG market.