Tuesday, July 14, 2020

Availability of Express Delivery across Metro Cities and Automated Monthly Subscriptions Plans are Key Parameters Considered by the Chronic Patients while Selecting an E-Pharmacy Brand: Ken Research


E-pharmacy business which majorly depends on online mode of payment, has gathered steam in Kolkata and the other parts of Bengal in the last month (May-June 2020). Apart from Covid-19 lockdown norms, shortage of adequate stocks and a minuscule discount in retail medicine shops shot the demand for medicine delivery through various e-pharmacy platforms.

Buying from home option lead to surge in e-pharmacy sales. Online medical stores such as Netmeds, 1mg and PharmEasy, which have been struggling to take off in a big way for over three years mainly due to regulatory issues, have seen an unprecedented surge in sales across cities amid the Covid-19 crisis.
Online grocers and pharmacies are pulling out all stops to hire manpower to deliver essential items, at a time when demand has been unprecedented due to the ongoing lockdown to combat the spread of the Covid-19 outbreak.

Emerging Technologies: The advent of E-Consultations as well as the use of cutting edge technologies & AI in healthcare will take E-Pharmacy model to next level. The ability for a patient to enjoy higher quality and convenience while optimizing price, will drive the market share up for e-Pharmacy players. The e-pharmacy websites provide health blogs which provide information about the drugs purchased like indications, adverse effects and dosage requirement. They also provide information and awareness about various medical conditions to increase patient education and awareness.

Regulatory Framework and Support on Technological Aspects: It is critical that the regulatory framework in the country be conceptualized keeping in mind the larger interests of the consumers in the country. If technology is available to cut the intermediary costs on medicines, it must be allowed to be used to its full potential, as it will bring down the retail price of many drugs and will benefit the middle-class. Hence, this is the right time for the Government of India to define policies and guidelines for E-Pharmacy and come up with a clear-cut operating model, in line with the concerns of the regulator, while providing benefits to the consumers.

Impact of e-Pharmacy Model on the Traditional Brick and Mortar Pharmacies: Currently, there is a lot of misunderstanding about E-Pharmacies impacting the traditional brick and mortar pharmacies. In reality, E-Pharmacy model enables the existing traditional pharmacies to cater to a broader set of customers and also ensures that the inventory is consolidated by reducing the requirement for working capital, removing wastage from system and increasing margins, thus making the model sustainable for each entity in the industry.

Analysts at Ken Research in their latest publication "India E-Pharmacy Competition Benchmarking – A Detailed Analysis of Major E-Pharmacy Players in India" observed that the fast-growing Indian E-Pharmacy industry needs to focus on key areas such as logistic infrastructure, lab diagnostic segment, organic growth in average daily orders and strategic partnerships with various entities to promote wellness goods & consumer goods sale with a view to create a sustainable all in one online platform catering across India, which will promote the growth of the sector in a more structural & organized way by increasing the reach of the platform. The India E-Pharmacy Industry is currently in its nascent stage & is expected to grow exponentially with an influx of investment in this space.

Key Target Audience:-
Pharma/Medicine Manufacturers
Medicine Distributors/Wholesalers
Health Supplements and OTC Products Manufacturers
3PL Logistic Players
Government Organization catering to the Pharmaceutical Industry
E-Pharmacy Players
Offline Pharmacy Players
Hospitals
Industry Associations

Time Period Captured in the Report:-
FY’2015-FY’2020

Companies Mentioned:-
Medlife Wellness Retail Private Limited
Netmeds Marketplace Limited
Pharmeasy (91 Street media Technologies Private Limited)
1 MG Technologies Private Limited

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Ankur Gupta, Head Marketing & Communications
+91-9015378249

Massive Growth in Global Scientific Research and Development Services Market Outlook: Ken Research

The scientific research and development services market significantly consists of the sales of scientific research and development services and connected goods by the several entities (organizations, sole traders and partnerships) that employ in the research and experimental advancement on the contract, consultancy or subcontracted basis in field likewise biotechnology, the physical sciences, engineering sciences, life sciences and social sciences. Scientific research and development services institutions commence the procedures where the human capital is the foremost input. They create obtainable the knowledge and skills of their personnel, often on an assignment basis, where a separate or team is accountable for the delivery of services to the customer.

According to the report analysis, ‘Scientific Research And Development Services Global Market Report 2019’ states that in the scientific research and development services global market there are numerous corporates which recently functioning more progressively for leading the fastest market growth and registering the great value of market share around the globe during the short span of time while delivering the better consumer satisfaction, spreading the awareness related to the scientific research and development services, employing the young workforce, decreasing the linked price, advancing the applications of such and accepting the profit making strategies includes Battelle Memorial Institute, IQVIA Holdings Inc, Defense Advanced Research Projects Agency, Lawrence Livermore National Laboratory LLC, Los Alamos National Laboratory and several others.

Based on the region, the market of scientific research and development services is spreading the globe which majorly involves Asia Pacific region, North America, Europe and Rest of the world. Whereas, the North America was the largest region in the worldwide scientific research and development services market, registering for 41% of the market in 2018. Asia Pacific region was the second wildest region dominating for 30% of the international scientific research and development services market. For instance, the Eastern Europe was the smallest economy in the worldwide scientific research and development services market.

In addition, the 4D printing has effectively changed from the 3D printing with an additional feature of transforming the geometrical shape and mechanical belongings, with the duration being integrated as an additional fourth dimension. One of the foremost disadvantages of the 3D printing is it can only take the shape in which it was formerly made and is static and inorganic. Now with the latest advancement of the 4D printing, objects can now be created with the responsive materials with convinced inherent advantages that can revolutionize or transform in rejoinder to external stimuli. It has extensive applications in the medical science such as tissue rejuvenation in the biomedical field. For example, the printed micro tissue from the bio ink can endure development via cellular coating to form functional tissue constructs such as engineered tissue constructs.

Not only has this, the large corporates in the global scientific research and development services are progressively adopting the strategies and policies of joint ventures, mergers and acquisitions, amalgamation, new product development, collaborations and several others for generating the effective percentage of revenue. Therefore, in the near years, it is predicted that the market of scientific research and development services will increasing more actively over the coming duration.

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Monday, July 13, 2020

Foremost Advancement in Global School and Employee Bus Services Market Outlook: Ken Research

The school and employee bus services market contains of sales of school and employee bus services by the numerous entities (organizations, sole traders and partnerships) that deliver the buses and several other motor vehicles to transport the pupils to and from school or employees to and from work.

According to the report analysis, ‘School And Employee Bus Services Global Market Report 2019’ states that in the school and employee bus services global market there are innumerable corporates which presently functioning more progressively for leading the fastest market growth and dominating the handsome value of market share around the globe throughout the coming duration while delivering the effective services, increasing the applications of the bus services, delivering the better consumer satisfaction, spreading the awareness related to the effective bus services, decreasing the linked price and implementing the profitable strategies includes First Student, Rick Bus Co, National Express Group PLC, Student Transportation Inc and several others.

The School and employee bus service market is progressively with the augment in the enhanced protection features in the buses. The industry has started utilizing in-wheel alcohol detection system in contradiction of drunk driving. This technology comprises of sensors which are placed into the steering wheel and supports to detect the driver's skin oil and locks the bus before going on the road in case of alcohol detection and allows to safeguard the unsafe and careless driving. Such advance technologies fortified in buses are drastically augmenting the school and employee bus service market.

Not only has this, the growing implementation of the electric vehicles in the commercial vehicle sector has propelled the school bus sector, which is predicted to propel the worldwide school and employee bus services market throughout the forecast duration. The improvement of school buses over the other modes of transport is also one of the reasons that will support the growth of the market. Furthermore, the effective augment in the incidents of unobtainability of the transport, assaults, discourteous behavior, high charges in the ride hailing and ride sharing vehicles has left corporates to think about the protection of their employees. This aspect is accountable for propelling the market growth.

However, based on the region, the North America was the principal region in the worldwide school and employee bus services market, registering for 33% of the market in 2018. The Asia Pacific region was the second largest region dominating for 32% of the worldwide school and employee bus services market. For instance, the Africa was the smallest region in the international school and employee bus services market.

Protruding aspects such as deducting the employee productivity owing to the effective growth in the average time of commute on roads, increasing the pollution level and assurance to control it by decreasing the carbon footprints is propelling the market growth. Usage of the technologies such as artificial intelligence and cloud computing can accomplish the employee transportation with the advanced competence than still predominant phone and paper management in developing regions such as India. The usage of technology can bring down the transport function cost for corporate and also advances the safety of the commuters. Therefore, in the near years, it is predicted that the market of school and employee bus services will increase around the globe more actively over the near duration.

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Increase in Obesity Problems Expected to Drive Global Recreation Market over the Forecast Period: Ken Research

Recreation industry also referred to as “leisure and recreation”. The recreation industry provides experiences for the aim of enjoyment, relaxation, and even health. The recreation industry includes a good sort of businesses and activities for refreshing. Some of key examples of businesses which defines the recreation industry includes sports stadiums, theatrical companies, sports teams & leagues, gaming & fishing preserves, amusement parks, painting & craft classes, movie theatres, recreational goods rentals, music venues, arcades & activity centers, travel agencies, dance companies, golf courses and paintball, batting cages, and laser tag arenas.

The recreation market comprise of utilization of the recreational facilities, and recreational services and related goods and services over different entities providing the recreational services and other related goods. The recreational activities further includes the participating in the sporting activities and visiting museums, historical sites, zoos and parks and also viewing spectator sports and events.

According to study, “Recreation Global Market Report 2019” the key companies operating in the global recreation market are The Walt Disney Company, Universal Studios, Las Vegas Sands, Merlin Entertainment Group, MGM Resorts. Companies in recreation industry sell a myriad of offerings, starting from small toys to motorcycles to exotic cruises. Recreation Industry revenue is very hooked in to the introduction of latest, interesting products and services. Competition is sort of intense for the foremost part, particularly when economic times are less promising, so companies must lure potential customers with flashy new items.

Based on type, recreation market is segmented into arts, amusements, sports, and others. Arts segment includes independent artists & performing art companies, museums, historical sites, zoos, & parks and sports & arts promoters. Amusement includes gambling and amusement parks. Additionally, sports include participatory sports and spectator sports. The spectator type of sports consists of teams or the clubs that are independent of athletes which present sporting events before a paying audience. In addition, based on age group of gender, market is segmented into 35 & younger, 35 to 54 and 55 & older.

The recreation market is driven by rise in shift in consumer preference toward wellbeing, followed by growth in middle class population, increase in availability of variety of equipment & personalized fitness training programs, surge in business innovations and acquisitions & expansions, rise in government support for health & fitness and increase in obesity problems. However, high membership price, busy work schedules and high investment cost for opening fitness & recreational sports centers may impact the market. Moreover, growth in youth population in developing countries is a key opportunity for market.

Based on geography, the North-American region dominates the recreation market owing to rise in awareness about the benefits of fitness in the region. Whereas, the Asian-Pacific and European regions are estimated to exhibit substantial growth rate due to increase in disposable income of consumers over the forecast period. In near future, it is expected that future of the market will be optimistic as a result of rise in prevalence of osteoporosis & lowering of bone density have prompted individuals to focus on health and fitness during the forecast period.

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India E-Pharmacy Competition Benchmarking Report: Ken Research


The Indian pharmaceuticals market is the third largest in terms of volume and 13th largest in terms of value, globally. The growth in this space will be primarily driven by the high burden of disease, good economic growth leading to higher disposable income, improvements in healthcare infrastructure & improved healthcare financing, to name a few. India is expected to be among the top three pharmaceutical markets by incremental growth and the sixth largest market globally in absolute size by the end of 2020.

On the other hand, India E-Pharmacy market is at its nascent stage, but like other categories, it has the potential to be a very large industry segment in the near future. The advent of online pharmacy retailers in the Indian market during Covid period will further increase the penetration of the organized pharmacy segment in the country. Most e-pharmacies have seen a surge in demand, thanks to customers beginning to recognise them as a safer, faster, and cheaper mode than physical stores.  It is expected that the E-Pharmacy model could account for 15%-20% of the total pharma sales in India over next 10 years, largely by enhancing adherence and access to medicines for a majority of the under-served population. Currently, many E-Pharmacy players such as Medlife, Netmeds, 1MG and Pharmeasy operate in this segment and offer varied value added services to the consumers. Though, the market competition is majorly concentrated among these major players, but we have witnessed the entry of many new entrants into this market in recent months owing to its rising popularity of the segment in the retail pharmaceutical industry.

Challenges for Retail Pharmacy Market in India
Low Industry Margins: Retail pharmacy is a highly fragmented and competitive industry with ~800,000 registered retail outlets across the country. Drugs are bought in smaller quantities by these retail stores from drug distributors at high prices which in turn reduces their profit margins.

Sustainability of the Industry: Due to increased competition and rising pressure on price controls, the sustainability of the retail pharmacy industry is at risk due to the already lower profit margins. Technology adoption can help this industry to increase productivity and provide value-added services to consumers.
Drug Abuse: Allegations of medicine sales without prescriptions are levied at some of the retail pharmacies. This has led to significant number of cases of drug abuse in the country.

Counterfeit Medicines: Retail pharmacies in India are alleged to sell sub-standard and fake medicines, thereby increasing the risk of adverse effects.

Tracking & Documentation: Sale of drugs also happens without providing bill / invoice for the purchase, affecting the amount of tax collected. Poor documentation of prescription drug sales is therefore impacting the drug recall process and poor inventory management.

Competition Overview
The competition in E-Pharmacy space of India has consolidated in last 2-3 years. The industry majors such as Medlife, Netmeds, Pharmeasy & 1 MG are seeing surge in their number of orders each month and are looking forward to expand their distribution reach further to Tier 2 & Tier-3 cities and rural regions as well.
Medlife and Pharmeasy have the widest reach amongst all the e-pharmacy players, delivering medicines to approx 25,000+ pin codes across the country. Netmeds supplies drugs to all major cities in India with presence in approx 19,000+ pin codes as of FY’2020.

The major parameters of competition are the product portfolio of companies along with various value added services & discount option offered by various players. The e-pharmacy players in India are undertaking various activities for marketing in order to gain competitive advantage and to increase customer retention. Therefore, players are allocating high portion of their total expenses to marketing activities. Advertising is mainly done through digital media platforms such as Whatsapp, Facebook, Instagram and other social media platforms. Many players are also offering discounts in the range of 15-70% to attract more and more consumers on their platforms.

Future Growth
Online pharmacies account for 1.5-3% of the total pharmacy sales in India. The country has over 502 million smartphone users and 653 million mobile broadband subscribers and it is expected this will further augment the penetration of these platforms in the coming years specifically among young consumers. Going forward, players might develop their hybrid models and could partner further with offline pharmacies and pharmaceutical manufacturers to avail the benefits of both the worlds- offline and online and will be able to expand their product portfolio to other segments as well to increase their revenue generation capability and to offer a one stop solution to every healthcare needs of the consumers.

The report would be beneficial for various stakeholders who are interested to understand the overall ecosystem, competition framework & challenges faced by the major E-Pharmacy companies in India.

Key Target Audience:-
Pharma/Medicine Manufacturers
Medicine Distributors/Wholesalers
Health Supplements and OTC Products Manufacturers
3PL Logistic Players
Government Organization catering to the Pharmaceutical Industry
E-Pharmacy Players
Offline Pharmacy Players
Hospitals
Industry Associations

Time Period Captured in the Report:-
FY’2015-FY’2020

Companies Mentioned:-
Medlife Wellness Retail Private Limited
Netmeds Marketplace Limited
Pharmeasy (91 Street media Technologies Private Limited)
1 MG Technologies Private Limited

Key Topics Covered in the Report:-
Operating Analysis of Medlife, Netmeds, Pharmeasy, 1 MG (Including GMV, Number of Orders (Per day), Average Ticket Size, Month-on-Month growth Rate (On the basis of GMV), Cancellation Rate, Refund
Policy, Logistic Charges, Number of Warehouses  , Number of Application Downloads (As of 31st May, 2020) (Monthly Average), Partnerships, Unique Selling Proposition, Business Strategies, Strength, Weakness)
Financial Analysis of Medlife, Netmeds, Pharmeasy, 1 MG (Including Total Revenue, Growth of Revenue (%), Total Expenses, Earnings before Tax & Extraordinary Items, Earnings after Tax (Net Income), Growth of Net Income (%), EPS, Advertisement  Expenses)
Heat Map Analysis of Value Added Services (Including Online Consultation, Diagnostic Labs, Appointments with Doctors, Health Blog)
Services Analysis of Players (Including Delivery Timings, Refund Status, Express delivery, Subscription model, Private Label Goods, Diagnostics Services, Live Doctor Consultation, SKU Details (Top Categories), Payment Services
Competition Analysis (Market Share on the basis of GMV)

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

The Corrosion Resistive Properties of Selenium to Drive Selenium Market over Forecast Period: Ken Research

Selenium is a tremendous nutrient which is significant to human health. Selenium are often obtained from over daily diet, it plays a crucial role in physical body function. Selenium is merely needed within the bit but works majorly within the bodily process like metabolism and thyroid function. Selenium takes part in antioxidant activity that guards against inflammation and radical damage to the body. Generally, selenium is presumably to be found in animal food products and whole grains, instead of vegetables and fresh fruit. A number of the sources of selenium are Brazil nuts, tuna, halibut, rice, eggs, sunflower seeds, cod, and bread.

According to study, “Selenium Mining Global Market Report 2019” the key companies operating in the global selenium mining market are American Elements, JX Nippon Mining & Metals Corporation, Able Target Limited,  Salvi Chemical Industries Ltd.,  Umicore, Aurubis AG, Shinko Chemical Co., Ltd., Maruti Chemicals, Behn Meyer Group. The major vendors of the selenium market compete on the basis of operation cost, price, economies of scale, product quality, and innovation.

Based on type, selenium mining market is segmented into organic selenium and inorganic selenium. In addition, based on end-use, market is segmented into agriculture, chemical industry, animal feed industry, dietary supplements and others

Mining and processing of metallic ore deposits includes the release of selenium in environment by a waste rock disposal and tailings produced at the mining site. In metallic ore deposits, selenium is associated with use of sulfur-containing ores, such as pyrite, sphalerite, chalcopyrite, and other sulfides. These sulfide-containing ores are the most prevalent in mining of metals, such as copper, silver, lead, zinc, and uranium. The Ore processing further involves new methods associated to froth flotation and leaching further involving the chemical treatment associated to slurry resulting in the dissolution of selenium in water. This dissolved selenium, is then discharged by a tailings or the wastewater streams, increasing the chances of bioaccumulation for the aquatic life. Therfore proper measures, such as controlling oxidation of selenium and the continuous monitoring of selenium content while discharging streams, must be well taken care by waste management systems thus ensuring the minimal discharge of selenium over the ecosystem

The selenium mining market is driven by rise in demand for selenium in metallurgy, followed by increase in demand from various end-user industries. Metallurgical selenium is progressively used as an additive to cast iron, copper, lead, and steel alloys. This further helps in ornamental the metal’s machinability and casting and forming the desired properties. The addition selenium to magnesium-manganese alloys also improves corrosion resistance properties and adding selenium to the stainless steel results in an easy handling and making it more resistant to the atmospheric corrosion and disinfecting the overall solutions. Owing to such benefits, the demand of selenium will increase over the forecast period

Based on geography, the Eastern Europe holds major share in selenium mining market owing to rise in demand for mining in the region. Whereas, the Asian-Pacific and North-American regions are estimate to exhibit substantial growth rate due to rise in usage of selenium in antibacterial coatings over the forecast period.

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Rise in Demand of Printing to Drive the Global Printing Machinery and Equipment Manufacturing Market: Ken Research

The printing machinery and equipment manufacturing market comprise of machinery engaged in printing activities out different entities and establishments that produce printing & bookbinding machinery materials, such as printing presses, typesetting machinery, and other bindery machinery.
According to study, “Printing Machinery And Equipment Manufacturing Global Market Report 2019” the key companies operating in the global printing machinery and equipment manufacturing market is Aim Machintechnik Pvt. Ltd., Heidelberger Druckmaschinen AG, Bobst Group SA, R.K. Label Printing Machinery (P) Ltd, Edale UK Limited, Comexi, Printing Machine.co.in., Koenig & Bauer, Wolverine Flexographic LLC, Mark Andy Inc., Shanghai Printyoung International Industry Co., Palm Paper Machine, Shanghai Liu Xiang General Equipments Co., MPS Systems B.V., Dongguang Xinghui Carton Machinery Co., Nilpeter A/S, Star Flex International, OMET, Wenzhou Daba Machinery Co., Ltd., Rotatek, Zhejiang Hexiang Printing Machinery Co., Rotatek, Ruian Husong Printing Machinery Co., Edale UK Limited, Wenzhou Hero International Trade Co., Polygraph Limited. The key printing equipment manufacturers have started focusing on up-gradating the technology to cater to their customers.
The printing machinery equipment manufacturer’s these days are using new industrial methods with the use of advanced technologies such as Industrial Internet of Things (IIoT) for the faster and enhanced production & delivery of industrial machinery to their customers. IIoT is a technology in which sensors, computers, networks interact in their own environment for generating the data and improvised industrial processes. The IIoT further streamlines the information flow and further enabling real-time decisions. This also leads to providing enhanced production efficiency, minimal machine breakdowns, and lowering the manufacturing costs. However, an increase in developing worries for the upkeep of the printing machines and likewise impacting the quality globally.
Based on the type, the market is segmented into typesetting machinery, printing trades binding machinery and equipment, printing presses, and others. Based on product type, the market is segmented into digital, offset, flexo, sheetfed, web, and others. Based on technology, the market is segmented into automatic technology and semi-automatic technology. In addition, based on end-use, the market is segmented into publication, packaging, commercial, and others. The packaging sector is anticipated to witness a higher growth rate due to a rise in demand from industrial sectors during the forecast period.
The printing machinery and equipment manufacturing market is driven by growth in population, followed by an increase in investment in the manufacturing industry, exploration of shale oil, and low fuel prices. However, unstable global metal prices and regulations surrounding carbon emissions may impact the market. Moreover, an increase in the popularity of 3D printing and excellent productivity is a key opportunity for the market.
Based on geography, the global printing machinery, and equipment manufacturing market is segmented into Asian-Pacific, North-American, European, and others. The Asian-Pacific region holds the major share in the market owing to the rise in income and an increase in urbanization in the region. Whereas, the North-Americana and European regions are estimated to exhibit substantial growth rate due to growth in technological advancements such as evolving software tools, digital enhancements of equipment and automation in printing over the forecast period.
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Ankur Gupta, Head Marketing & Communications
+91-9015378249