Monday, June 1, 2020

Introduction of Regulatory Guidelines and Insurance Tie-Ups will be a Game Changer for India’s Home Healthcare Industry in Future: Ken Research

      • The number of inquiries has grown significantly between 25%-30% for chemotherapy services, dialysis at home and other chronic diseases owing to the COVID-19 pandemic as these diseases are critical in nature and cannot be skipped repetitively.
      • The increasingly unhealthy lifestyles of the younger generation due to the shift in dietary habits, as well as the increasingly busy schedules, have led to an increase in the prevalence of chronic diseases among the population, leading to an increase in the demand for home healthcare services.
      • There is a need to bring on set regulations and standards for the industry as well as bringing the services under the ambit of insurance. These things are expected to happen in the future, aiding the growth of the industry.
Country Outlook
The home healthcare market in India is still at its early growth stage and offers immense investment opportunities owing to the shifting demographics as well as changing demand trends from traditional healthcare services to home care services. The home healthcare market in India is gaining popularity at a rapid rate. The market primarily includes numerous unorganized players in comparison to 30-35 highly visible organized players. There is a very high possibility that with the introduction of set regulations by the government, there will be significant developments in the home healthcare industry which will pave the path of its future growth in the coming years.
Increase in the Number of Organized Players: As of now, the market is dominated by private, unorganized players and the trend appears to remain the same for the next 6 years as well, however, the market is expected to witness a nominal decrease in the proportion of unorganized players. The decrease in the unorganized sector is expected to be due to the extensive expansion strategies adopted by the current major players as well as the emergence of strict service guidelines from healthcare regulatory bodies with the aim to provide a framework for service quality consistency within the market.
Insurance Coverage:  Home healthcare providers have been in talks with insurance companies for a while now, trying to bring homecare services under the purview of insurance. It is expected that with the introduction of home healthcare service regulations, the industry will grow at a dynamic pace and more insurance companies will come forward to partner with the home healthcare providers. This will be a major disruption as more people will come forward to avail home healthcare services which are already cost efficient in nature.
Impact of COIVD-19 Pandemic: Owing to the lockdown and limited access to healthcare services, The Ministry of Health and Family Welfare with NITI Aayog have released the official guidelines for telemedicine practices in the country. These are aimed at allowing registered medical practitioners to provide remote consultation in supersession of the Medical Council of India (MCI). The government’s recent notification regulating telemedicine amid the COVID-19 pandemic has given a boost to the business of Home Healthtech startups operating in the segment. More companies are now offering teleconsultation and telemedicine services. For instance, Portea has started offering teleconsultation and video-consultation services in Bengaluru to reach out to the consumers. Many companies have also started COVID-19 helplines, awareness campaigns, and free doctor consultations.
Analysts at Ken Research in their latest publication “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” believe that the Home Healthcare Market in India will expand due to the adoption of greater technology include IoT and AI into the medical services industry, shift in demand trends and the increasing geriatric population. The market is expected to register a positive CAGR of 19.2% in terms of revenue during the forecast period FY’2019-FY’2025. The market is further expected to be driven by the increasing competition from new companies entering the market.
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: -
Healthcare at Home in India
Home-Based Health Care Industry in India
Homecare Providers in India
E-Health Market India
India Insurance Coverage Market Share
India per Capita Expenditure on Health
India per Capita Expenditure on Hospitalization
Organized Home Healthcare Market India
India Home Healthcare Major Investors
Home Healthcare Patients in India
Critical Care at Home in India
Palliative Care Market India
Stroke Rehabilitation Market India
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

Post COVID-19 Impact, Butter and Spreads Sales within Indonesia saw Growth over Non-Traditional Platform owing to Price Decline: Ken Research

      • A decline in Palm oil prices will help margarine business to gain significant growth in the near future amid increased deforestation in Indonesia
      • Demand for butter saw an incremental increase alongside an exponential increase in the bread and bakery industry of Indonesia.
      • Import of butter and spreads got affected by trade halts from other Asian countries such as China and Vietnam
Major Players have started to work on the Substitutes of the Product or its Sourcing Material: Domestic demand as well as B2B demands for margarine is largely affected due to the global lockdown situation causing a decline in terms of production capacity.
As a result, Fonterra was observed to establish a partnership with Lazada Indonesia to bring changes in the retail concept and digitalizing sales while Upfield plans to further launch a new product “New Flora Plant”. The impact of coronavirus has still been haunting the domestic industry that was specifically indulged in buying and selling online for imported goods in Indonesia.
The sales of processed foods in Indonesia are estimated to drop by ~30% as people’s purchasing power is hit by the coronavirus pandemic or COVID-19. The particular trend is expected to multiply in the coming months thus, causing disruptions in butter and spreads industry in Indonesia. In addition to that, sales are also expected to take a hit during Ramadan and Eid season.
In accordance with Public Policy of the Indonesian Food and Beverage Association (GAPMMI) survey of members’ perceptions, businesses are expected to go down by 30-35%, amid all production activities will continue as usual in the near future. The government of Indonesia presently does not limit the production activities in the middle of the implementation of the Large-Scale Social Restrictions (PSBB) policy in DKI Jakarta to break the chain of transmission of coronavirus. However, the ongoing production process may still cause demand fluctuations in the butter & spread industry due to price variation on a continuous basis.
Apart from the households, manufactures are in constant touch with restaurant and café chains who are delivering food items via online mode of delivery. Meanwhile, the current stock of raw materials is sufficient enough to last for a few months after which, the need for new raw materials will affect the production cost owing to the high dollar exchange rate i.e. already Rp 16,000. Manufacturers are also considering the fact that butter is a part of basic food business and people consume it as a daily necessity thus, giving them the confidence to launch new spread variants in the coming months.
The market is greatly affected by the trade halts from China due to the pandemic situation caused in the current year. Due to widespread COVID-19 infection, dairy consumption patterns changed to a great extent. All the major players shifted their product distribution either through internet retailing or via home delivery.
The report titled “Indonesia Butter and Spreads Market Outlook to 2025 - Growth within Food and Beverage Market to Drive Demand for Butter and Spreads” by Ken Research suggested that the market is further expected to grow in future majorly due to changing Urban Lifestyle of Indonesians and alteration in preferences of the purchasing platform. Indonesia butter and spreads market are expected to register a positive six-year CAGR of 3.6% and 3.5% in terms of revenue and sales volume respectively during the forecast period 2019P-2025F.
Key Segments Covered: -
Product Type
Butter and Spreads
Butter
Margarine and Spreads
Distribution Channel
Hypermarkets
Supermarkets
Independent Small Grocers
Convenience stores
Other grocery retailers
Non store retailing
Health and beauty specialist retailers
Key Target Audience
Dairy food manufacturers
Milk Processors
Dairy Association
Butter Manufacturers
Spreads Manufacturers
Margarine Manufacturers
Time Period Captured in the Report:
Historical Period: 2013-2019P
Forecast Period: 2019P–2025F
Companies Covered:
Butter and Spreads –
Upfield Holdings BV / Unilever Group
Indofood Sukses Makmur Tbk PT
Fonterra Cooperative Group Ltd
Golden Agri-Resources Ltd
Wysman & Zonen BV, HJ
Key Topics Covered in the Report
Executive Summary – Indonesia Butter and Spreads Market
Need, Opportunity and Industry Size of Butter and Spreads Market
Demand & Supply Side Ecosystem, Preferences & Trends across End Users Market
Butter and Spreads Market Segment by Product Type, 2013-2019P
Market Segmentation by Distribution Channel, 2013-2019P
Ecosystem for Butter and Spreads Industry in Indonesia
Value Chain Analysis
Indonesia Butter and Spreads Market
Trade Scenario in Indonesia Butter and Spreads Market, 2014-2018
Comparative Landscape in Indonesia Butter and Spreads Market
Regulatory Landscape in Indonesia Butter and Spreads Market
4 Ps Analysis
Indonesia Butter and Spreads Market Future Outlook and Projections, 2019P-2025F
Appendix / Research Methodology
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: Indonesia

Evolution of Online Food Delivery in India: The Journey of Ordering Food via Call to Ordering Food in a Tap: Ken Research


“The offers and discounts being offered by the market players have been successful in luring the consumers and getting them hooked to food delivery, but for how long lies the question”.

Changing Lifestyle of the Consumers: Consumer lifestyle has been changing over the years. Long working hours has led to inability to prepare food at home and thereby consumers resort to ordering food online. As per the NSSO sample survey, workers in Indian urban cities work for approximately 53-54 hours/week. The increased transparency being offered by restaurants in terms of the ingredients being used and nutritional value of the food being consumed has further helped in diminishing the taboo attached with online food delivery.

Increased Smartphone and Internet Penetration: Smartphone and internet has helped the industry foster the growth by enabling the consumers to order food while they are on the go without having to open a desktop or laptop. The increasing number of internet users in from 259.8 Million in 2015 to 564.5 Million users in 2019 has positively impacted the growth in the market. Consumers have revealed that they prefer ordering from their mobile phone as compared to laptop or desktop. Definitely the increase of smart phone users from 199 Million in 2015 to 339.9 Million users in 2018 has further stimulated the growth of the market.

Benefits for Restaurant Operators: The growth of the industry has also been supported by the restaurant operators in the market. Being the supply pillars in the market, they online food delivery service has definitely benefitted restaurant businesses all over the country. Online partnerships have enabled restaurants to scale their business with improved kitchen utilization and strong brand impact. The aggregators deliver food on their behalf for a small margin.

The Increasing Trend of Diet and Healthy Food: Health has been of great concern to the consumers when it comes to online food delivery as it is generally attached to the taboo of being unhealthy. Consumers find it easier to buy healthy food with transparent nutritional values than to make it themselves. Companies like Eat.Fit and Freshmenu are known for offering healthy and diet food for health conscious consumers.

According to a report by Ken Research titled “India Online Food Delivery Outlook to 2025- Growth Supported by Advent of Cloud Kitchen and Discounts Offered by Food Delivery Aggregators” Cloud Kitchens are expected to boom with Food Aggregators also starting their Private Brands to maximize their margins and make them more sustainable in the future. The market is expected to grow at a positive CAGR of more than 25% during the period 2019-2025.


Key Segments Covered:-
By Type of Kitchen
Private
Cloud Kitchens

By Region
Bengaluru
Delhi NCR
Hyderabad
Mumbai
Chennai
Pune
Kolkata

By Markets
Core Markets
Emerging Markets
Rest of India

By Mode of Payment
COD
Credit/Debit Card
Payment Wallets
Net Banking

By Type of Food
Fast Food
North Indian
South Indian
Street Food
Others

By Age
18-24 Years
25-34 Years
35-44 Years
45-54 Years

By Gender
Male
Female

By Share of Meals
Dinner
Lunch
Breakfast
Others

By Mode of Ordering
Mobile
Website

Companies Covered:-
Zomato
Swiggy
Rebel Foods
Biryani by Kilo
Box8
Eat.Fit
Fresh Menu

Key Target Audience:-
Online Food Delivery Companies
E-commerce Companies
Cloud Kitchen Companies
Private Venture Capital Firms
3rd Party Logistic Companies

Time Period Captured in the Report:-
Historical Period: FY’2015–FY’2020
Forecast Period: FY’2021-FY’2025

Key Topics Covered in the Report:-
Pain Points of the Companies
Present Day Pain Points of the Operators
Target Addressable Audience
Operating Models in the Industry
Addressable Gaps in the Market
Types of Users
Impact of Covid-19 on the Industry
Cloud Kitchen Investment Model
Revenue Models in the Market
Analyst Recommendations

For More Information on the research report, refer to below link:-
India Online Food Delivery Market

Related Reports:-
India Logistics Market Outlook to FY24–Driven by Government Infrastructure Push, New Age Logistics Startups, and Technology Innovation

UK E-Commerce Market Outlook to 2025 - Online Retail (By Product Categories, By Desktop and Mobile Transaction Type, By Gender and By Mode of Payment); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile Booking Type); Online Advertising (By Desktop and Mobile Ad Spend, By Type of Advertising, By Type of Display Advertising, By Sectors and By Advertising Model); Online Movie Ticket Booking; Video Streaming; Music Streaming and Online Gambling

Taiwan E-Commerce Market Outlook to 2023 - Online Retail (By Product Categories, By Desktop and Mobile, By Gender); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile); Online Payment Gateway Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

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Growth In Different Market Research Industry In Oman: Ken Research

Across Oman, several research markets are during the recent trend positioned in the early growth stage. Whereas, the GCC smart home market is in its promising stage with the fragmented competition and an import registered setup. The market is assistance by developing the technological infrastructure, governments taking exertions to move away from the oil-based industries, and taking energies to generate the smart cities and a growing youth populace. In the present duration, the governments of UAE and Saudi Arabia have corrected their ICT policies and generates regulations for Smart Device manufacturers, to observe with the quality and data security rules. The requirement is aimed towards wireless technology, as it is pleasanter for slighter residential spaces.
Not only has this, across the Middle East Market Research Reports, but the growth of the manned guard security was also majorly propelled by the infrastructure and real estate growth in the government, commercial, and residential segment. The operative technological modernizations and the effective growth in the intention of the internal security have determined in the implementation of the great level of security by the end-users. Whereas reliant on the end-users, the market is dominated by the prerequisite from the commercial building, which has a conventional share in the Middle East manned guard security market. The government structures also have an operative share of the market. The residential sector has the subordinate share in the market which is frequently owing to the lower implementation of the manned guard security service in the market.
Although, the Omani construction market is extremely competitive, with the existence of the foremost international players. The market offerings several opportunities for growth throughout the forecast duration, which is predicted to further propel market competition. With a few players controlling a proficient share, the Omani construction market has a recognizable level of consolidation.
Furthermore, the amount of fitness centers in Oman has effectively augment with the enlargement in the number of systematized gyms and augment in the amount of female detailed fitness centers. The foremost underwriting aspects to the boom in revenue had been the accumulation of integrated fitness services such as Yoga, Pilates, and Swimming; delivered under one roof, a requirement for the personal training, and several others. Several macroeconomic aspects have also underwritten to the augment in requirement. These involve aspects such as effective growth in the total populace, augment in the obese population, and augment in the household consumption disbursement and GDP. All these aspects have underwritten to augmenting the market for fitness services in Oman.
Not only has this, amongst the plastic pipe and fitting market, but plastic fittings are also frequently imported from the neighboring regions. Water conservation is one of the foremost trends that can be witnessed in Oman which has exaggerated the plastic pipe and fitting market. The requirement for the dissimilar alternative of plastic pipes which are more vigorous and economical is the other foremost aspect for the growth in the revenues of plastic pipe and fittings. Therefore, in the coming years, it is anticipated that several research market in Oman will increase more significantly over the near decades.
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Related Report: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India
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