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Global AI in Healthcare Market to register 39% Growth in 2018

The Global AI in Healthcare Market Size is expected to surpass USD 750 Million by 2018. The industry is expected to cross over US$ 10 Billion by 2025 end.

Artificial intelligence (AI) is largely seen as fourth industrial revolution. Healthcare is one such sector where AI is gaining higher traction. The industry has shifted from medical products based era to real-time outcome based care and now to predictive and preventative care modellings (AI, Augmented reality and Robotics). Intelligent solutions will be the backbone of the future healthcare industry. Early entrants will be able to maximize their business reach and create a brand recognition in the sector. It is due to this that many AI based startups has emerged in last few years. Over 250 companies emerged in Healthcare AI market post 2015. The numbers are expected to further increase with technological advancement and overall profitability margins from the sector.

There are thousands of data across various healthcare field that are unstructured. Successful structuring of data could not only save time but also maximize the operational output. Much of the demand for AI is expected to be seen in drug discovery programs.

Bekryl’s market research report, Global Artificial Intelligence in Healthcare Market Size Analysis and Industry Opportunity, finds North America to account for 58% of global sales in 2018. North America is pioneer in AI with most of the engaged companies are headquartered in the region. Furthermore, U.S. national healthcare expenditure is expected to increase from 17.9% in 2017 to 19.9% of total GDP by 2025. AI in healthcare will reach over US$ 5.5 billion by 2025 in U.S. This could potentially save over US$ 120 billion to US healthcare economy. Percent penetration will rise not only among medical devices and biotech companies but also hospitals, payers and insurance companies.

Some key trends from the global Healthcare AI market:

Trend#1: Artificial Intelligence companies are focusing on partnership/acquisition to strengthen their business presence and product portfolio

In the last few years, the competition has heighted in the Healthcare AI market with emergence of many new entrants. Leading companies are either going for mergers & acquisitions or partnership with small and midsize companies so as to ensure long term sustainability. For instance, in June 2018, EarlySense acquired cardiac predictive analytics (eCART) developed by Dana Edelson. Another company – Athenahealth – partnered with NoteSwift to offer AI powered HER (electronic health record) documentation. In the same year, 3M entered in partnership with C3 IoT to offer artificial intelligence based solutions for healthcare sector.

Trend#2: Innovative Product Development

Product development has been at the core of the strategy for most companies. Product and service offering differentiation could help company to expand its business presence organically. Various companies are coming with innovative product offerings so as to create their own niche in the segment. For instance, in January 2018, CLEW Medical developed healthcare predictive analytics software to analyze critical health situation. Another company – Beyond Verbal – developed emotions based analytical tool. The company is working on product development that could predict illness through user’s voice modulation.

Some key Global Healthcare AI Market Players are General Vision, Inc., Icarbonx Co. Ltd., Intel Corporation, IBM Corporation, Next It Corp., Nvidia Corporation, Oncora Medical, Inc., Enlitic, Inc., Alphabet Inc., Atomwise, Inc., Cyrcadia Health, Inc., Lifegraph Ltd., Microsoft Corporation, Modernizing Medicine Inc., Welltok, Inc., and Zebra Medical Vision Ltd.

Plant based Food Market (US$ 4.6Bn) to Register 7% CAGR, finds Bekryl Market Analysts

Plant Based Food Market will be valued over 4.6 billion in 2018, finds Bekryl Market Analysts.

The industry will register a CAGR of 7% CAGR to create high incremental opportunity for engaged companies. Increasing demand for plant-based protein over animal-based protein is creating favorable business environment for companies.

Various factors are expected to drive the global sales of plant based foods product. Increasing demand for natural and organic products has further boosted the overall plant based food market in the world. These food are deemed to be environmentally safe as it leads to lesser carbon credits compared to meat based counterpart.

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On the basis of product type, the plant based food market size is segmented into Tofu and tempeh, meat alternatives, milk alternatives, egg substitutes and mayo, and others. Milk alternatives and meat alternatives are expected to account for over 69% of overall global shares. Much of the demand is expected to generate from U.S.

On the basis of application, plant based food market revenue is analyzed across food and beverage industry, feed industry, pharmaceutical industry and others. Food and beverage segment contributes highest revenue in the global plant-base protein market among all the application segments. The main revenue generating segments are non-dairy beverages (refrigerated and shelf stable), cheese alternatives, meat alternatives (frozen and refrigerated), and tofu products.

By region, North America is expected to account for major market share worldwide. US is the largest plant based food market and to facilitate the trade, it has set up The Plant Based Foods Association which represents nearly 75 of the nation’s leading plant-based food companies and currently total market for the plant-based sector (excluding Whole Foods Market) tops nearly $5 billion in sales.

Some key key global plant based food market companies are Archer Daniels Midland Company, Cargill, Incorporated, E. I. du Pont de Nemours and Company, Fonterra Co-Operative Group, Kerry Group plc , Beyond Meat, Sun Brothers, LLC., Vega, AMCO Proteins, Hilmar Cheese Company, Inc., and Omega Protein Corporation. Just this year, Healthcare firm Otsuka Pharmaceutical has signed a definitive agreement to purchase a 100% stake in Canadian plant-based foods manufacturer Daiya Foods for C$405m which is a clear indication of steady growth of the plant-based foods because of consumers shift away from animal products towards plant-based options and a complete change in market scenario.

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Fuse Market Insights - Global Industry Analysis and Trends

According to Bekryl Market Analysts, Global Fuse Market Value stood at 7 billion USD in 2018.

The industry is highly mature with presence of giant industry leaders. companies are focusing on tapping the right technology in order to ensure maximum market gain especially in Asia Pacific. there are large number of local and regional players with market capex below 1 million present in China and India. These companies rely primarily on good distribution channel. pricing is the prime focus of these companies. Though pricing has played a crucial part in overall business, rise in consumer power parity and disposable income has led to shift in consumer focus from cost effective product to automated and robust product.


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Companies are emphasizing on smart fuse for energy efficient homes. As per the Bekryl Market Analysts, advancement in artificial technology will be a megatrend for all electrical appliances. Rapid advancement could led to deployment of sizeable fuse that will adjust automatically adjust according to degree of heat.

Fuse Market Analysis By Geography 

Asia Pacific will continue to dominate the global share throughout the forecast period. In 2017, North America and Asia Pacific accounted for over 68% of global share. China accounted for over 35% of regional share in 2017. India will be another mega market for industry players and will register impressive growth during the forecast period. Collectively, these regions will create high market value.

North America is another major market for fuse industry players. Over 46 million electric fuse units were sold in the U.S. in 2017. Research and development has been the prime focus for companies based in U.S. Lately, fuse are also gaining traction in hybrid vehicles. It is expected that electric vehicles will take over 70% of the conventional vehicles by 2030. As such, this will create favorable market opportunity for fuse suppliers and manufacturers.

Some key fuse market players are Bel Fuse Inc., Littelfuse, Inc., Ta-I Technology Co., Ltd., Schneider Electric, ABB Ltd., Panasonic Electronic Devices Co., Ltd., Mitsubishi Materials Corporation, Sano Corporation, Eaton Corporation, TE Connectivity Ltd., Mersen, Matsuo Electric Co Ltd and Polytronics.


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Water Enhancers Market to Register Fastest Growth in Asia Pacific

Global Water Enhancers market is consolidated and is projected to cross USD 1.9 billion in 2018, finds Bekryl Market Analysts.

Changing consumer taste preferences along with demand for nutritious liquid beverages has led to surge in sales of water enhancers worldwide.Arizona Beverages USA, Dyla LLC, Cott Beverages, PepsiCo, The Coca-Cola Company, Nestle and Kraft foods are key players operational in the market.

The industry competition has increased in last few years owing to foray of new entrants –leading to further consolidation in water enhancer market size globally. Health conscious awareness trend has helped these companies to effectively market their products. While fizzy drinks has witnessed sharp decline post 2010, water enhancers has registered steady growth creating new market opportunity for engaged companies. The fizzy drinks rejection trend is quite prominent among obese population.

The report finds that North America will account for 37% of global share in 2018. This is closely followed by Western Europe. Competition in North America is relatively higher with Kraft dominating the regional share. There are over 46 key competitors with over 150 product variants available in the region. Product differentiation is the key strategy witnessed in U.S. market.

Western Europe is another major destination for industry players. Germany, France, UK and Spain will account for majority of the regional share. Germany and UK will account for 53% of regional share in 2018. However, will lose significant share to Spain in another seven years.

Some key trends from the Global Water Enhancers Equipment Market:

Trend#1: Industry Leaders are focused towards Launching Range of Product Variants in Order to Capture a Major Chunk of Global Sales

In the last six years, the industry witnessed launch of many new products especially in Europe and North America. These companies are primarily focused towards natural and non-GMO sweeteners as water enhancers. In 2016, Dyla LLC (Stur) announced the launch of two different flavors to be used as water enhancers. Another major company, Coca-Cola entered on-the-go squash market with Oasis Mighty Drops in UK in 2015.

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