Tuesday, April 28, 2020

India Home Healthcare Market Outlook to 2025: Ken Research

The report titled “India Home Healthcare Market Outlook to 2025 (Second Edition)– By Patient Profile (Elderly Care, Post Operative Care, Physiotherapy, Palliative Care, Stroke Rehabilitation and Others), By Organized (Subscription and Non-Subscription Model) and Unorganized, By Patient Age Profile and By Major Cities” provides a comprehensive analysis of the Home Healthcare Market of India. The report covers various aspects including market introduction, ecosystem, business model, the market size by revenue, market segmentation by a profile of patients, by organized and unorganized market, by subscription and non-recurring models, by region/tier, and by age group of patients. It also provides insights on the setting up of home healthcare agency in India, QAI accreditation, pricing solutions offered in the market, competition scenario, SWOT analysis, company profiles of major players in the market, growth drivers, trends and developments and issues and challenges in the industry. The report concludes with future market projection for the home healthcare industry, the impact of COVID-19, and analyst recommendations highlighting the major opportunities and cautions for the Indian home healthcare market.
India Healthcare Market Overview
Healthcare has become one of the largest sectors in India, in terms of revenue as well as employment. Healthcare comprises hospitals, medical devices, pharmaceutical goods, medical equipment, and services like doctor consultations, clinical trials, telemedicine, e-health services, health tourism, home healthcare, and health insurance among others. The Indian healthcare sector has been growing majorly due to greater coverage, expansion of services, and increasing public and private expenditure in this sector. The overall market size of the healthcare market in India estimated to be at INR 1,070K crore as of FY’2019.
India Home Healthcare Market Overview
The home healthcare market in India is still in its early growth stage with the presence of a large number of players, with some offering only a single specialty service to others offering multiple services across various regions. The organized market has witnessed high growth in 30-35 companies and they have gained utmost brand visibility and traction in terms of the sale of services across various regions. The overall market size has grown at a CAGR of 17.2% over the past five years.
India Home Healthcare Market Segmentation
By Region/Tier of Cities:  Tier 1 cities contribute the highest share to the total market size of the home healthcare market in India. The market share of tier 1 cities alone stands somewhere over 76.0% in the overall market. Major cities such as Delhi/NCR, Mumbai, Chennai, Bangalore, Hyderabad, Jaipur, Ahemdabad, Kolkata, and Pune have shown major shifts in demand from traditional healthcare services to home healthcare services.
By Market Structure: The Indian home healthcare market is currently dominated by the unorganized sector. The organized sector constitutes a rather small part of the total home healthcare market size of the home healthcare market in India. The unorganized sector still dominates the market as home healthcare market is still in its early growth stage and major players are still working on establishing their presence beyond Tier-1 cities. Although we have seen some tremendous growth in a few cities, a paradigm shift in demand is yet to be seen in this sector basis PAN India.
By Age Group: Patients above 60 years of age contribute to the lion’s share to the home healthcare market in India. Services availed by people above the age of 60 include elderly care, homecare pertaining to a chronic ailment, physiotherapy among others.  Patients between 40-60 years contribute the second largest share followed by patients of age groups of 20-40 years and 0-25 years
By Subscription and Non-Recurring Model: Subscription models make up for a smaller proportion as they are yet to gain popularity and the industry has seen numerous cases of patients opting out of these subscriptions before the stipulated time owing to service quality inconsistency.  Another reason for the popularity of non-recurring model’s oversubscription model is the lack of insurance coverage. Insurance is bound to make homecare services more affordable for the patients and thus, subscription models may witness growth in this aspect.
By Profile of Patients: Elderly care services constitute the largest part of the home healthcare services market. The other segments include physiotherapy, stroke rehabilitation, palliative care, and others. These segments contribute relatively lower proportions to the total market size.
Competitive Landscape
The home healthcare market in India is in its early growth stage. The market shows a lot of potentials to grow over the coming years due to the shift in preferences and types of services demanded. The current market structure is highly fragmented with a high proportion of unorganized players as compared to organized players. The major players in the market compete on factors such as brand value, services offered, expertise and coverage, deliverable workforce, QAI accreditation, clinical outcomes among others. The major players in the market include Portea Medical, Medwell Ventures, Healthcare AtHome, Care24, India Home Health Care, CallHealth, Bharath Home Medicare and Apollo Homecare among others.
India Home Healthcare Future Outlook
The India Home Healthcare Market is expected to grow at a positive CAGR of 19.2% during the period FY’2019-FY’2025. The growth is expected to be driven by factors such as the rise in the geriatric population, increasing demand for convenience-based healthcare services, increasingly unhealthy lifestyles of the younger population leading to a higher prevalence of chronic diseases among others. In addition, the expected onset of regulations, the introduction of QAI accreditation and the measures to bring home healthcare services under the purview of insurance are also expected to help the market grows further in the coming years.
Key Segments Covered: -
India Home Healthcare Market, FY’2014-FY’2025
India Home Healthcare Market Segmentation, FY’2019-FY’2025
By Market Structure (Organized and Unorganized)
By Region/Tier (Tier 1, Tier 2and Tier 3 cities)
By Age Group (0-25 Years, 25-40 Years, 40-60 Years and Above 60 Years)
By Profile of Patients (Elderly care, Physiotherapy, Post-Operative Care, Stroke Rehabilitation, Palliative Care and Others)
By Subscription and Non-Recurring Model
Key Target Audience
Homecare Providers
Hospital Chains
Private Sector Investors
Healthcare Regulatory Bodies
Government and Industry Associations
Medical Device Companies & Distributors
Pharma Manufacturing and Distribution Companies
Time Period Captured in the Report:
Historical Period – FY’2014-FY’2019
Forecast Period – FY’2020-FY’2025
Companies Covered:
Portea Medical (Health Vista Pvt Ltd)
Healthcare AtHome
Medwell Ventures
Care24
CallHealth
Apollo HomeCare
India Home Healthcare
Critical Care Unified
Bharath Home Medicare
Key Topics Covered in the Report: -
India Home Healthcare Market Introduction
India Home Healthcare Market Business Model
National Health Statistics
India Home Healthcare Market Size by Revenue in INR Crores
India Home Healthcare Market Segmentation
Setting Up a Home Healthcare Agency in India
QAI Accreditation Process and Fees
Pricing Analysis of Various Home Healthcare Services
Competition Scenario of India Home Healthcare Market
Company Profiles of Major Home Healthcare Providers
SWOT Analysis and Growth Drivers
Trends and Developments in India Home Healthcare Market
Issues and Challenges in India Home Healthcare Market
Key Funding and Mergers and Acquisitions in India Home Healthcare Market
Failure Case Studies in India Home Healthcare Market
India Home Healthcare Market Future Projections
Impact of COVID-19 Pandemic on India Healthcare and Home Healthcare Market
Analyst Recommendations
For More Information on the research report, refer to below link: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: India

What lies ahead for Aggregators in UAE: Ken Research

Aggregators (Price Comparison Websites) have been lately introduced in UAE and within a short span of time, these platforms have gained much traction and are experiencing >200% Y-o-Y growth in their top line figures. However, unlike European and other developed countries, the penetration of aggregators is still very low. (~60% of motor insurance sales happen through Aggregators in the UK as compared to ~10% in UAE).  Ken Research estimates the potential of Online insurance to reach 10% of GWP by 2024. How could aggregators plan to capitalize on this opportunity?
Regulations set by Insurance Authority of UAE play a very crucial in determining the operation flow of aggregators. On one hand, it does not allow aggregators to directly collect a premium for customers while allows for selling other banking products (loans, credit cards, bank accounts, etc) through the platform. Aggregators should focus on becoming a one-stop solution provider for all banking and financial products among the entire GCC Region. Why GCC? Because the majority of the partner providers (insurers, banks) are the same for which existing agreements could be extended beyond GCC coupled with similar customer behavior throughout the region. Nonetheless, it also amplifies the cross-selling opportunities among different products.
Another dimension at which major aggregators including Yallacompare, Souqalmal, Bankonus, and PolicyBazaar UAE could follow is client on-boarding for health insurance products, which currently stands at ~1% (aggregator shares of Health GWP). Not only, but it also provides higher commission rates but also creates the customers for tomorrow (renewal conversion rates are high).
However, the entire end to end process is not technologically driven. Aggregators have to work with partner insurers to manually check/verify documents/update details of the policyholder. Bridging this gap through technology deployment could fasten the process of buying policies. To capture the era of personalized services, aggregators also need to work with partner insurers and come up with customized, pocket-friendly insurance plans, make your own policy plans. For instance, in January 2020, PolicyBazaar UAE launched a pocket-friendly plan of term insurance providing a sum assured of AED 25,000 and AED 50,000 priced at premiums of AED 59 and 79 respectively. Such plans are mainly targeted at a blue-collar workforce who find it difficult to pay hefty premiums in one go.
Aggregators need to up-ante their capabilities in terms of technological advancement and product offerings to capitalize on the expected booming rise of aggregators in the coming years.
Key Topics Covered in the Report: -
UAE Online Insurance Market Size
Future of UAE Online Insurance Market
UAE Online Insurance Market Forecast
Online Insurance Market Aggregators UAE
insurance market UAE
UAE Web Insurance Aggregator Industry
Online Insurance GWP UAE
United Arab Emirates Online Insurance Market
UAE Fintech Market
Potential Insurance Aggregators UAE
General Insurance GWP Online UAE
For More Information on the research report, refer to below link: -
Related Report by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: United Arab Emirates

UAE Car Rental, Leasing and Limousine Market Outlook to 2024: Ken Research

The report titled “UAE Car Rental, Leasing and Limousine Market Outlook to 2024-Driven By Growing Corporate Ecosystem and Growth in Tourism Backed Up Government Initiatives and Annual Events” provides a comprehensive analysis of Rental, Leasing and Limousine services in UAE The report focuses on market segmentation in terms of Fleet Size for Rental companies, By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), Types of Cars (Economy, SUV, and Luxury), By End-users (Individual and Corporate), By Duration (0-1 Month, 1-6 Month and 6-12 months) and By Number of Airport Bookings (Airport and Off-Airport. The market segmentation on the basics of Revenue and Fleet size for Leasing companies, By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), By Types of Cars (Economy, Pick Ups, SUV, and Luxury), By Duration (1 Year, 2 Year, 3-year ad 3+ Years), By Types of Car Leased (Individual and corporate), By End User (Facility Management, Industrial Sector, Food Services, Logistics, Oil and Gas and Government and Associations). The report includes market segmentation on the basics of Revenue and Fleet size for Limousine companies, By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), By Number of Airport Bookings (Airport and Off-Airport), By Types of Cars (Standard, Large, Luxury and Ultra Luxury), By Source of Payment (Direct from customers and corporate payments), By Business (Event and Non- Event Business), By Number of Limousine companies in Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), By Purpose (Cab and Non-Cab Companies) and By Types of the limousine (Leisure and Corporate). The report also covers the overall comparative landscape, trends and growth drivers, issues, and challenges, and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.
uae-car-rental-and-leasing-market
Market Overview
UAE has the world’s highest net migration rate, with nearly 88.52% of the population composed of expatriates and immigrants comprising the majority workforce of the national the United Arab Emirates has long been recognized as a premier tourism and leisure destination owing to places such as Dubai Marina, Burj Khalifa.
Dubai is set to become one of the most popular destinations in the world for Tourists by 2025. Dubai is the most the populous city followed by Abu Dhabi in UAE with 2.7 Mn people working in Dubai as of 2019 and 1.4 Million people working in Abu Dhabi as of 2017
Market Segmentation of Car Rental Market
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): The Rental services are most prominent at Dubai and Abu Dhabi owing to the concentration of corporate companies and major tourist locations. Dubai and Abu Dhabi are the most populous locations and account for the highest rental bookings.
By Types of Cars (Economy, SUV, and Luxury): An economy segment in the car rental market was observed to dominate the market. Rental companies focus on decreasing operational cost and prefer having an economical fleet of car brands such as Toyota and Honda as it is more profitable and provides a better mileage.
By End-users (Individual and Corporate): Individuals prefer renting out vehicles more as compared to corporate. A higher number of tourists visiting the Emirates contributes to the higher demand for car rental services in UAE.
By Duration (0-1 Month, 1-6 Month, and 6-12 months): Rental services are generally for a very short duration and less than a year. UAE was witnessed to have a higher demand for the car rental service for the duration of 0-1 months.
By Number of Airport Bookings (Airport and Off-Airport): The car rental market was observed to be dominated by the on-airport books as the booking of rental cars right away from Airport provides more accessibility and comfort to the tourists and Corporate Clients for traveling in UAE.
Market Segmentation of Car Leasing Market
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai captured the majority share in terms of fleet size in the car leasing market. Dubai and Abu Dhabi are population-dense emirates with the highest number of corporate, SME, and government associations creating a constant demand for leased vehicles.
By Types of Cars (Economy, Pick Ups, SUV, and Luxury): Economy class vehicles of brands such as Honda and Toyota were observed to have a higher demand as they are used by rental companies and household and pickups by corporate clients for industrial use.
By Duration (1 Year, 2 Year, 3 year, and 3+ Years): Leasing services are generally for a long duration. Most of the leasing is for the duration of 2-3 years as it is more profitable and economical for the customers.
By Types of Car Leased (Individual and corporate): Corporate segment was observed to dominate the car leasing market in UAE. A growing number of SMEs in Emirates, Cab Taxi, and car rental companies create a demand for leased vehicles to be used for their service.
By End User (Facility Management, Industrial Sector, Food Services, Logistics, Oil and Gas and Government and Associations): Car leasing is most common in facility management companies and industrial companies. The leased vehicle is generally used for internal purposes only by these companies.
Market Segmentation of Limousine Car Market
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai and Abu Dhabi have the highest number of households and corporate offices. These lead to the highest demand for Limousine services by corporate and Individuals.
By Number of Airport Bookings (Airport and Off-Airport): Limousine cars are booked from the airport as well as outside the Airport. Airport bookings are done majorly by tourists and clients. Non-Airport booking are generally done for occasional events.
By Types of Cars (Standard, Large, Luxury and Ultra Luxury): Standard and Large vehicles of car brands such as Lexus and Infiniti are most preferred by the customers followed by Luxury and Ultra-luxury vehicles.
By Source of Payment (Direct from customers and corporate payments): Limousine services are hired via website or offline means. The customers pay directly to the companies instead of aggregate platforms.
By Business (Event and Non- Event Business): Limousine services are majorly booked for major events such as weddings, parties, and other occasions.
By Number of Limousine companies in Emirates: Dubai and Abu Dhabi are highly populated emirate with the highest demand for limousine cars. Dubai and Abu Dhabi have the highest concentration of a number of limousine companies to cater to that demand.
By Purpose (Cab and Non-Cab Companies): limousine services majorly drive its revenue from Cab companies in UAE
By Types of limousine (Leisure and Corporate): Limousine services is considered a luxury service and hired majorly for leisure purposes.
Competitive Landscape
The UAE car rental and leasing industry is a highly competitive industry with small players having a fleet size less than 20 vehicles to global players such as Hertz, Thrifty, Europcar and Dollar. The major companies in the Car Rental and Leasing industry in UAE includes Emirates Transport, Hertz, Dollar, Thrifty Car Rental, Massar Solutions, Diamond Lease, Shift Rent a Car, National Car Rental, Budget, Lease plan, and others. The major companies in the Limousine Car market include Dubai Taxi Corporation, Emirates Transport, Citylink Limousine, Avis Limousine, Transguards Limousine, National Transport Authority, Hot Wheels Limousine, and others. Major competing parameters include number of office locations, Client Information, Car Brands, and Partners, Key services, Vintage, and other factors.
Future Outlook and Projections
UAE Car Rental and Leasing sector is set to increase both in terms of fleet size and revenue. The Car Rental fleet size is anticipated to grow at a CAGR of 8.8% during 2019-2024 This growth will be backed by new entrants’ business growth. UAE is a popular tourist destination and is anticipated to see a pull in Tourist footfall. New Government Initiatives are propelling the corporate demand and technological up-gradation of the market.
Key Segments Covered for Car Rental: -
By Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Types of Car:
Economy
SUV
Luxury
By End User:
Corporate
Individual
By Source of Booking:
On-Airport
Off- Airport
By Duration of Car Rental:
0-1 Month
1-6 Month
6-12 Month
Key Segments Covered for Car Leasing
By Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Types of Car:
Economy
SUV
Luxury
By Type of Car Leased:
Corporate
Individual
By Duration of Car Leasing:
1 Year
2 Year
3 Year
3+ Year
By End User:
Facility Management
Industrial Sector
Food Services
Logistics
Oil and Gas
Government and Associations
Others
Key Segments Covered for Limousine Car
By Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Limousine companies by Emirates:
Dubai
Abu Dhabi
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)
By Types of Car:
Standard
Large sized
Premium
Ultra-Luxury
By Business:
Event Business
Non- Event Business
By Source of Business:
Airport
Non-Airport
By Source of Payment:
Direct from Corporate
Corporate Payments
By Purpose of Limousine:
Leisure
Corporate
Key Target Audience
Car Rental companies
Car Leasing companies
Limousine Companies
Tourisms Industries
Tour and Travel Aggregator
Automobile companies
Cab taxi companies
Cab Aggregators
Technology Provides
Investors and Venture Capitalist
Government Associations
Logistics company
Time Period Captured in the Report:
Historical Period - 2014-2019
Forecast Period – 2020-2024
Companies Covered:
Car Rental and Leasing Companies:
Thrifty Rent a Car
Emirates Transport
Hertz
Diamondlease
Massar Car Rental
Leaseplan
Shift Rent a Car
National Car Rental
Avis Rent a Car
Europcar
Budget Rent a Car
Fast Rent a Car
Dollar
AutoRent
Paramount Car Rental and Leasing
EuroStar
Sixt Rent a Car
Limousine Companies:
Dubai Taxi Corporation
Emirates Transport
CityLink Limousine
Private Limousine
Avis Limousine
Transguard Limousine
National Transport
Sharjah Roads and Transport Authority
Hot Wheels Limo
Global Wings Limousine
Cityway Limousine
Royal Falcon Limousine
Patriot Limo
Niceway Limousine
Insaf Limousine
German Limousine
Onak Limousine
Dubai Exotic Limousine
Elite Class Limousine Services
Key Topics Covered in the Report: -
Present Day Landscape of UAE Rental, Leasing and Limousine Industry
UAE Car Rental Market Overview
UAE Car Rental Market Size
UAE Car Rental Market Segmentation
Competition in UAE Car Rental Market
Future outlook of UAE Car Rental Market
UAE Car Leasing Market Overview
UAE Car Leasing Market Size
UAE Car Leasing Market Segmentation
Competition in UAE Car Leasing Market
Future outlook of UAE Car Leasing Market
UAE Limousine Car Market Overview
UAE Limousine Car Market Size
UAE Limousine Car Market Segmentation
Competition in UAE Limousine Car Market
Industry Analysis
Company Profiles of Car Rental & Leasing companies
Analyst Recommendations
Snapshot of UAE Cab Taxi Market
Snapshot of UAE Cab Aggregator Market
Appendix
For More Information on the research report, refer to below link: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: United Arab Emirates
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