ReleaseWire Connect

Plastic card market in Vietnam is one of the world’s fastest growing card markets. A recent research report by RNCOS reveals that plastic card market in Vietnam integrates credit, debit, and prepaid cards. Our evaluation of the market also uncovers the fact that banks are incorporating e-wallet services as a part of their major developments. Many banks are even deploying innovative strategies to promote the use of online payments through attractive gifts and prizes. All these services will facilitate customers to make online payments of goods and services including electricity bills and telephone bills, and purchase air tickets, which in turn will augment the level of transactions. However, this emerging opportunity in the country is considered to develop significantly in the coming years and is foreseen to further boost the future plastic card market in Vietnam.

With the surging demand towards meeting the demand-supply gap in the domestic market and enormous potential from the CBM and CMM, energy sector exhibits promising future, says RNCOS.

Rising concerns for security and safety in all industry verticals are leading rampant growth of video surveillance market across the globe, across the past few years, says RNCOS.

Brazilian healthcare sector has evolved enormously over the recent past and in the existence of a stable environment, the sector is expected to pick up enormous pace in the future. Prevalence of diseases is high in the country and the relative affordability factor is also luring industry players towards investments in the form of company mergers and setups. Besides, better standards of living in Brazil are also increasing the relative healthcare expenditure in the country.

According to a new research report by RNCOS entitled, “Indian Diagnostic Market Outlook to 2015”, Indian diagnostics continues to witness sustained growth and development in all its segments. Rapidly rising automation needs and technological advancements along with the rising incidence of diseases are consistently driving the growth of Indian diagnostics market. Backed by immense potential characteristics including a large population of qualified clinicians, huge number of patients, cost-efficient treatment, and a well-trained medical community, the lab services market, a leading segment of the Indian diagnostic market is estimated to grow at a CAGR of around 26% during 2012-2015. Overall, the Indian diagnostics markets are showing promising potential for future growth in all the sub-segments.

Portable fuel cell shipment is expected to grow at a CAGR of around 82% during 2012 and 2013, RNCOS acknowledged.

In this era of globalization, India is witnessing an increasing demand for the 3PL (third party logistics) business with companies now concentrating on managing their supply chain mechanisms in a better way and deepening their market penetration. Continuous improvement in logistic infrastructure has led 3PL services to be perceived as a far better way of controlling both internal and external logistic processes. Lucrative growth in India’s consumer electronic and durable industry has boosted the 3PL sector, generating estimated revenue of US$ 69 Million in 2010. The market is further anticipated to post a CAGR of around 36% during 2012-2014, on the back of rising demand for warehousing and transportation in consumer electronics and durable industry reveals a new report by RNCOS, “3rd Party Logistics Market in India”.

According to our new research report, “Global Food Safety Testing Market Analysis”, advancement in the modern biotechnology and information technology has speeded up the development of faster, more sensitive, and less expensive analytical tests for domestically produced and imported food items. Global statistics reveals that about US$ 1 Trillion worth of food is traded every year around the world, of which a negligible portion undergoes testing for contaminants. The fact is a rising alarm towards the need for availing a substantial food testing mechanisms by the governments. On the back of rising global awareness towards safe food products, governments are adopting substantial initiatives towards ensuring a safe supply of foods. Thus the food testing market is receiving an enormous boost and anticipated to reach US$ 11.4 Billion by 2015.

The hospital service market in India has revealed enormous potential for growth over the last few years. The market has drawn the attention of many investors from different parts of the world, fuelled by vigorous growth and fast infrastructure expansion that has infused life in the healthcare system. Strong demands for hospital services in metropolitan cities are bound to fuel the growth of the hospital services’ sector. Thus, the hospital services’ market is anticipated to grow at a CAGR of around 25% during FY 2010-2012 according to our report, “Booming Hospital Services Market in India”.

According to a recent publication of RNCOS titled “US Nutraceuticals Market Analysis”, the US has emerged as one of the largest market for nutritional products on the back of growing health concerns amongst the masses. This has paved the way for firms active in the nutritional segment. Our in-depth analysis of the key segments of nutraceutical business comprising of dietary supplements, functional foods, and vitamins revealed that all of them are on a growth trajectory, with diet supplements growing at leaps and bounds. As per our research, the US dietary supplements market is anticipated to grow at a CAGR of approximately 9% during 2011-2015.