India Medical Device Market Outlook to 2023: Ken Research

The report titled publication “India Medical Device Market Outlook to 2023 - by IVD Market (Type of Device, Sales Channel, Domestic Manufacturing and Import), by Diagnostic Imaging Market (Type of Device, Domestic Manufacturing and Import) and by Patient Aid Market (Orthopedic Device, Hospital Furniture and Hearing Aid)” provides a comprehensive analysis of the medical device market in India. The report also covers the overview and genesis, overall industry revenue, segmentation by product category and channels of distribution for IVD, diagnostic imaging, patient aid market, trends and developments, issues and challenges, government regulations, value chain analysis, SWOT analysis, competitive scenario and company profiles of major players. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions for new and existing players in the market.

India Medical Device Market Overview and Size

India Medical Device market grew at a double digit growth rate over the review period FY’2013-FY’2018. The market growth was supported by increase in public healthcare expenditure, growth in healthcare infrastructure in the country by expansion in established hospitals and increase in number of hospitals and rise in elderly population. The market was observed in growth stage and will continue to remain so in the forecasted period, FY’2018-FY’2023. The demand for personalized patient care and chage in decision making authority from doctors to hospital administration has significantly affected the growth in the market.

India Medical Device Market Segmentation

IVD devices were the leading category in FY’2018. Rise in the number of patients with chronic and lifestyle related disorders is the key growth driver for IVD segment  This segment was followed by Diagnostic Imaging market in which MRI and CT gained major revenue share in the imaging industry as demand for detailed analysis and improved imaging positively impacted the market. The Patient Aid market witnessed strong growth even after introduction of price regulation on implants due to strong growth sentiment in emerging market area such as sports medicine and inside the ear hearing aid industry.

Competitive Landscape in India Medical Device Market

India IVD Device Market: The competitive scenario in IVD device market is highly fragmented as there are numerous players which are operating in different device segments. Major players include Roche Diagnostics, Transasia Biomedical, Beckman and Biomerieux who captured significant revenue share in FY’2018. Other companies such as Abbott Diagnostics, OCD, Bio-Rad Laboratories, and Siemens occupied remaining share in the industry in FY’2018.

India Diagnostic Imaging Market: The diagnostic imaging witnessed companies such as Wipro GE Healthcare, Siemens Healthcare and Philips leading in various device segment of the industry. In MRI market, Siemens gained the top spot in terms of revenue market share in FY’2018. Other players such as GE, Philips, Canon Medical, Hitachi and Sina Healthcare occupied the remaining revenue pie of the MRI market in FY’2018. In CT market, Wipro GE Healthcare registered highest revenue market share while Canon Medical (Erbis) and Philips occupied significant revenue share in the CT industry in FY’2018. In Ultrasound market, Wipro GE healthcare emerged as  a market leader while players like Philips, Samsung Healthcare and Mindray occupied significant position in revenue pie of the India ultrasound market in FY’2018.

India Patient Aid Market: The competitive scenario in the patient aid market saw different players leading in various segments of the industry. The joints market is rather concentrated with players such as J&J, Smith & Nephew and Zimmer Biomet. J&J also emerged as a leader in trauma market followed by Zimmer Biomet. Competition is fragmented in this market space of orthopedic devices. The sports medicine market is dominated by companies like Arthrex, Smith & Nephew and Stryker which occupied major market share in FY’2018. In the spine segment that has fragmented competition structure, Medtronic gained the topspot followed by J&J, whereas in the India hearing aid market, Widex Sivantos Audiology emerged as a market leader with highest revenue share followed by Starkey Laboratories, GN Hearing and Sonova Hearing in FY’2018.

India Medical Device Market Future Outlook

The medical device market of India will expand at double digit growth rate in the forecasted period FY’2019-FY’2023. In vitro device market is expected to register biggest revenue share in the industry followed by patient aid device market. Import of IVD device will positively drive the IVD market while sale of IVD devices will largely be made via distributors in the subcontinent. POCT and Immunochemistry will gather biggest share in the revenue pie of IVD device market. The diagnostic imaging market is expected to witness major revenue of the market being captured by MRI and CT device. The medical device market is expected to witness innovation and development of cost effective technologies owing to rising investments and will also witness growth in domestic manufacturing of various types of devices owing to government’s efforts to reduce import bill. In patient aid industry, orthopedic device will lead the market with highest revenue market share followed by hospital furniture industry while hearing aid market is expected to realize higher revenue owing to technological innovations in the market.

Key Segments Covered:-

IVD Device Market:

By Business Activity (Import and Domestic Manufacturing)

By Sales Channel (Distributor and Direct Sales)

By Type of Device (POCT, Immunochemistry, Biochemistry, Hematology, Molecular Diagnostics, Microbiology, Coagulation, Urinalysis and Others)

By Type of POCT (Blood Glucose Testing Kit, Infectious Disease Testing Kit, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kit, Cardio Metabolic Monitoring, Anticoagulant Management), Cholesterol Testing Kit and Others)

By Immunochemistry Reagent and Instrument

By Biochemistry Reagent and Instrument

By Hematology Reagent and Instrument

By Molecular Diagnostics Reagent and Instrument

By Microbiology Reagent and Instrument

By Urinalysis Reagent and Instrument

By Coagulation Reagent and Instrument

Diagnostic Imaging Market:

By Business Activity (Import and Domestic Manufacturing)

By Type of Device (MRI, CT, Ultrasound, X-Ray, Cath Lab and Nuclear Medicine)

By MRI Device (1.5T, 3.0T, 0.2-0.5T)

By CT Scan (16Slice, 64-128 Slice, <16 Slice and >128 Slice)

By X-Ray (CR, DR and Analog)

By Cath Lab (Flat Panel Digital, Biplane and Mobile)

By Nuclear Medicine (PET Scanner, SPECT and Cyclotron)

Patient Aid Market:

By Type of Device (Orthopedic, Hospital Furniture and Hearing Aid)

By Orthopedic Devices

By Business Activity (Import and Domestic Manufacturing)

By Type of Device (Joint, Trauma, Sports Medicine, Spine and Orthobiologics)

By Hospital Furniture

By Type of Device (Hospital Bed, OT Table and OT Light)

By Type of Hospital Bed (Manual and Motorized)

By Type of OT Table (Imported and Indian)

By Type of OT Light (Imported and Indian)

By Hearing Aids

By Business Activity (Import and Domestic Manufacturing)

By Type of Device (Over the Ear and Inside the Ear)

By Sales Channel (Dealer, Retail and Digital Marketing)

Key Target Audience:-

IVD Device Manufacturers

IVD Reagent Manufacturers

IVD Device Importers

Government Agencies

Orthopedic Device Companies

Hearing Aid Companies

Hospital Furniture Manufacturers

Diagnostic Imaging Device Companies

Time Period Captured in the Report:-

Historical Period: FY’2013- FY’2018

Forecast Period: FY’2019E – FY’2023E

Companies Covered:-

IVD Devices:-

Roche Diagnostics

Transasia Biomedical

Beckman Coulter

Biomerieux

Diagnostic Imaging:

Wipro GE Healthcare

Siemens Healthcare

Philips India

Patient Aid:

J&J

Zimmer Biomet

Smith and Nephew

Arthrex

Stryker

Medtronic

Widex Sivantos Audiology

Starkey Laboratories

GN Hearing

Sonova

Key Topics Covered in the Report:-

India Medical Device Market Value Chain Analysis

India Medical Device Market Overview

India Medical Device Market Size

India Medical Device Market Ecosystem

India Medical Device Market Segmentation

India IVD Device Market Segmentation

India Diagnostic Imaging Device Market Segmentation

India Patient Aid Market Segmentation

Government Role and Regulation in India Medical Device Market

Trends and Developments in India Medical Device Market

Issues and Challenges in India Medical Device Market

Competitive Scenario in India Medical Device Market

India Medical Device Market Future Projections, FY’2018-FY’2023E

Analyst Recommendations

For more information on the research report, refer to below link:-

India Medical Device Market

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Nigeria Warehousing Market Driven by Infrastructural Developments, Boost in Foreign Trade and Booming Manufacturing sector: Ken Research

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“On the back of new manufacturing industries and improving foreign trade ties, the warehousing sector in Nigeria experienced high growth in 2018.”

Analysts at Ken Research in their the latest publication “Nigeria Warehousing Market Outlook to 2023 – By Operational Model, Open and Closed, End Users, Regulated and Unregulated, Regions, Integrated and Contract Warehouses” believe that the warehousing market in Nigeria is expected to grow due to government spending, Industrial parks, International trade, strict regulations by NAFDAC and adaptation to new technology.

Strategic Location: Nigeria is the world’s gateway to West Africa and Lagos is one of the most vibrant international trading hubs in Nigeria. Most of the sea transportation is done by two seaports in Lagos namely Lagos Port Complex and Tin can Port. A new Deep Sea Port in Lekki and Trans-African Highway is being constructed, which is expected to further open up Nigeria to international trade.  Also, Airport connectivity is great with major foreign countries with MMI Airport in Lagos as the busiest one involved in cargo transportation.

Focus on Manufacturing Sector: Nigeria is focusing on making the country self-dependent. Nigeria Automotive Industry Development Plan has been initiated to ignite the automobile manufacturing units in the country. Food and Beverages and agro-processing industries are opening due to the products that have been banned from importing (41 Products). Manufacturing and Agriculture related industries are given the benefits by the issuance of single-digit interest rate loans to firms, thereby increasing the number of manufacturing and agri related industries.

Infrastructure Development: An investment of NGN 200 Billion has been made in constructing new seaports and airport infrastructure in the past 10 years. Abuja-Kaduna SGR has been completed to facilitate cargo and passenger movement. This is facilitating trade and the need for more warehousing space in the country.

E-commerce Sector and Retail Outlets:

Big E-commerce giants such as Konga and Jumia have contributed to the retail demand for products and increase the revenue of the warehousing sector. Konga has recently launched two mega warehouses in Abuja and Port Harcourt. The growing middle-class population in Nigeria has increased the demand for packed food items, clothing items, electronics, gadgets, and many more products. This has increased the number of retail stores and supermarkets that require warehousing space to manage their seasonal goods and additional stock. Traditional store retailers such as Next Cash and Mr. Price have opened e-stores to boost sales.

Key Segments Covered:-

Nigeria Warehousing Market

Revenue by Business Model

Industrial/Retail

CFS/ICD

Cold storage and Agriculture

Revenue by Region

Lagos

Kano

Kaduna

Ogun

Nassaraw

Others

Revenue by Type of Warehouses

Open warehouse

Closed warehouse

Revenue by Contract and Integrated warehouses

Contract warehouses

Integrated warehouses

Revenue by End User

Food and Beverages

Automotive

Consumer retail

Health care

Others (Agricultural products and other perishable commodities)

Revenue by Market Structure

Regulated

Unregulated

Companies Covered:-

DHL

Bollore Transport and Logistics

UPS (United Postal Services)

GMT Logistics

MDS logistics

Key Target Audience

Warehousing Companies

3PL Companies

Consultancy Companies

Real estate companies

E-commerce players

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023E

Key Topics Covered in the Report:-

Nigeria Warehousing Market Overview

Nigeria Warehousing Market Size

Nigeria Warehousing Market Segmentation

Competitive Scenario in Nigeria Warehousing Market

Company Profiles of Major Players in Nigeria Warehousing Market

Nigeria Warehousing Market Future Outlook and Projections

Nigeria Warehousing Future Market Size

Nigeria Warehousing Market Future Segmentation

Analyst Recommendations on Nigeria Warehousing Market

For More Information, Refer To Below Link:-

Nigeria Warehousing Market Outlook to 2023

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Increasing Demand for the Used Cars in Middle East Market Outlook: Ken Research

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In the terms of sales volume, the Middle East Used Vehicles Industry has augmented at a double digit CAGR during the forecasted period. The entire industry is gradually increasing with the great car ownership ratio, increasing urban population, effective augment in the average ticket size, speedy vehicle replacement rate and growing support of the respective region of Middle East in the terms of policy construction and regulations. Moreover, the buyers in the Middle East region are greatly price sensitive with disparaging currency over the years. The regulatory authority norms with respect to EEVs and ELV policy will positively impact the Middle East Used Vehicle Market across the region.

Not only has this, the requirement enlarged predominantly due to the growth in the number of HNI’s & per capita disposable income. Furthermore, the move in the mindset of the domestic citizenry for supporting used cars over the fresh and innovative cars also smoothed the movement. The organized premium pre owned car market across the Middle East is a micro sector that observe cut throat competition amongst the certified dealers and large semi-organized players. The cost of the cars promoted through such dealers is greater due to the several value added services suggested alongside. The Online websites effectively underwrite more than 80% in the lead generation for the sales made by the organized segment.

Advanced marketing ingenuities namely augmented existence and regular investigations to measure the customer discernment to schedule their strategies have positively impacted the market. These are attained by organizing events inviting present and prospective consumers and gathering their response over the course of the activities and appointments. As the luxury car market gets more worthwhile, several other foreign players are predicted to welcome the market.

According to the research, in the Middle East Used Vehicle Market, there are numerous key players which presently functioning more positively for leading the fastest market growth and influencing the high value of market share during the short span of time more enormously while developing the technologies of used cars, advancing the strategies of working, discounting the product, offering the effective services and delivering the better consumer satisfaction.

Not only has this, the large players in the Middle East Used Vehicle Market are positing acquiring the small enterprises, implementing the strategies of joint ventures, partnerships, mergers and acquisitions, spreading the awareness related to the applications and benefits of the used cars, establishing the e-commerce platform which further benefited for functioning across the globe and generating the high value of revenue.

The dealers in the Middle East Used Vehicle Cars compete based on the number of dealership outlets, quality checks performed, value added services, insurance and finances and portfolio of the used cars at their dealership accumulation. In future, it is predicted that used car sales volume will be fostered by growing legal authority policies regarding to the used cars, increasing urban population, growing the rate of car replacement, effective rise in the inspection checks and increasing the consumer confidence. Therefore, in the coming years, it is projected that the market of used vehicle will increase more significantly over the near future across the Middle East.

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Myanmar Courier, Express and Parcel Market Driven by Booming E-Commerce Market, Liberalization of the Postal Sector and Increasing Trade Volumes: Ken Research

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Analysts at Ken Research in their latest publication “Myanmar Courier, Express and Parcel Market Outlook to 2023 - Driven by Booming E Commerce and Liberalization of Postal Services” believe that the Express Logistics Market in Myanmar is expected to grow due to liberalization of the courier services, market entry of foreign firms and government focus on infrastructural development. The Myanmar Express Logistics Market is expected to grow at a CAGR of ~ 30% during the period 2018-2023.

“From Once Being Sole Operator of Courier Services to Expected Privatization, Myanmar Post and Telecommunication is Changing the Landscape of Express Logistics Market”

Strategic Location: Myanmar enjoys a strategic geographical location in Southeast Asia acting as a gateway between India and the ASEAN Countries. Since the economy opened up in 2011, trade volumes with neighbouring countries such as India, China and Thailand, along with other countries, has been steadily increasing.

Entry of Foreign Players: One of the lucrative factors for investing in Myanmar is the abundant supply of natural resources and one of the cheapest labour costs in Asia. Major corporations, especially consumer goods’ manufacturers, from the US, Europe as well as Asia have announced their intention to return to Myanmar or, to invest for the first time. The total amount of FDI in Myanmar reached USD 7.5 billion in 2018.

Liberalization of Postal Sector: The recent and gradual liberalization of delivery services through partnership with third party logistics provides–after decades of strict monopoly by Myanmar Post for mail and small parcels–have enabled the development of a small e-commerce logistics market, primarily in urban regions of Yangon and Mandalay. Cross border e-commerce is still in the nascent growth stage, mainly due to custom clearance procedures in Myanmar which take 5-7 days as against the ideal standard of 1-2 days.

Focus towards Modernization: Myanmar ranked 126th out of 170 countries in the 2016 Integrated Index for Postal Development by the Universal Postal Union (UPU). UPU is now supporting Myanmar Post to aid its development and digitalization process. The Ministry of Transport and Communication and Japan’s Ministry of Internal Affairs and Communications have signed a memorandum of cooperation in the postal sector for the modernization and improvement of Myanmar’s postal services.

Keywords

Myanmar Express Logistics Market

Myanmar Courier and Parcel Market

Myanmar CEP Market

Number of Parcel Myanmar

Courier Shipments Myanmar

Express Parcels Market Myanmar

Myanmar Logistics Market

Myanmar E-Commerce Market

Myanmar Logistics Cost

Transportation Cost Myanmar

Parcel Freight Cost Myanmar

Myanmar E-Commerce GMV

Myanmar Postal License

Number of E-Commerce Shipments Myanmar

Number of Mails and Documents Myanmar

Domestic E-Commerce Shipments Myanmar

International E-Commerce Shipments Myanmar

Air Freight Revenue Myanmar

Air Freight Volume Myanmar

Road Freight Revenue Myanmar

Air Freight Revenue Myanmar

Cold Chain Myanmar

EMS Myanmar Post Joint Venture

EMS Myanmar Future Plans

DHL Express Myanmar Fleet Size

DHL Express Myanmar Warehousing Space

DHL Express Myanmar Import Rate Chart

DHL Express Myanmar number of Shipments

UCL Partnerships

UCL Business Strategies

UCL Allport Cargo Services Joint Venture

MGL Myanmar Warehousing Space

MGL Myanmar Employee Size MGL Myanmar Fleet Size

MGL Express Rates

MGL Myanmar Number of Shipments

Royal Express Employee size

Royal Express USP

Royal Express Clientele

Royal Express Business Strategy

Royal Express Expansion

Royal Express Rates

Royal Shop Number of Shipments

Royal Express Number of Shipments

SBS Express number of Shipments

SBS Express Revenue

RG Express Myanmar Fleet Size

RG Express Door Asia Cargo

Myanmar Zarla Distribution

Key Segments Covered

Express Logistics Market

Revenue By Type of Service

Mails and Documents

E-Commerce Parcels

Express Cargo

Express Cold Chain

Number of Shipments by Domestic and International

Domestic Shipments

International Shipments

Number of Shipments by Air and Road Express

Air Express

Road Express

Key Target Audience

Courier and Parcel Companies

Express Logistics Companies

3PL Companies

Consultancy Companies

E-Commerce Companies

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered:

EMS

DHL Express

UCL Express

MGL Express

Royal Express

SBS Express

RG Express

Myanmar Zarla Distribution

Marathon Express

Key Topics Covered in the Report

Myanmar Express Logistics Overview and Genesis

Value Chain for E-Commerce Logistics in Myanmar

Myanmar Express Logistics Market Size

Myanmar Express Logistics Market Segmentation

Air and Road Freight Earnings and Volume

Competitive Scenario

Pricing Analysis of Myanmar Express Delivery Firms

Heat Map of Myanmar Express Delivery Firms

Strengths and Weakness of Major Players

Myanmar Express Logistics Future Market Size

Myanmar Express Logistics Future Market Segmentation

Key Industry Norms and Regulations

Analyst Recommendations

For more information, refer to below link:

Myanmar Courier, Express and Parcel Market

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