Thursday, November 19, 2020

How do you select the Right Data Center Operator?

Data centers are more than just a facility or a building with power, space or network, but are becoming a valuable extension to today’s business in order to support the digital growth and expansion. Although, data center infrastructure design is more or less similar across data centers and is guided by Tier Rating from Uptime Institute, the operational efficiency along with price and service offerings differentiates a data center from one another.

Selecting a data centre consultants or a facility is a major investment decision for any organization as they would be hosting all of their critical data in the operator’s facility. Choosing the right data centre operator can lead to significant cost savings and improve efficiency of the business in the long run.

Key points to be considered before selecting a Data Center Operator is as follows:

How to choose a location?

Location is the first thing to be decided while selecting an operator. Most of the organizations prefer choosing an operator who is present in the same city as the business is present. This is done in order to reduce latency, improve operational efficiency and also to manage and maintain the servers by effectively.

Did you know?

At present in India, there are about 135 data centers (31st December 2020), with major data center hubs being Mumbai, Bangalore, Delhi and Chennai. These 4 cities put together have about 90+ data centers in the country, with many more projects lined up.

Does Scalability really matter?

The data center operator must be able to host the company’s existing infrastructure and at the same time have the capacity to respond to any increase in demand. So choosing operators who have sufficient capacity to expand within the same data center campus is always beneficial. An organization must always find out the availability of additional space, power and connectivity while selecting the operator, so as to not hinder their business plans for the future.

Did you know?

There are about 450 Hyperscale data centers (as on 31st Dec 2019) in the world and India accounts for less than 2% of it. This scenario is expected to change, as more operators in India are building Hyperscale Data Centers.

Connectivity Capabilities and Options

Connectivity is an important aspect of a digital economy. For a company looking to expand their digital services, connectivity becomes extremely important. A company needs to access the ability of the service provider to supply comprehensive and carrier neutral services to companies. Carrier Neutral Data Centers give consumer’s the choice of selecting a network based on their needs and requirements.

Did you know?

Most of the data centers that are currently being developed are carrier neutral data centers, allowing interconnection between multiple telecom carriers and co-location providers.

Infrastructure

An essential part of a modern data center is the ability to monitor, manage and automate workflows by collecting information on both the performance of the computing platforms (servers, storage and network) and the underlying elements such as temperature and power efficiency. Automation of infrastructure monitoring and management should therefore be a key element of the specifications provided by the operator.

Did you know?

Major Data centers in India do not have complete automation of work flow services and these are being adopted by operators who are building Hyperscale data centers in India. This is expected to drive strategic partnership with technology players to increase the value added services.

Power Density

Choosing a data centre operator that can provide the power density to support both current and future technologies is something an organization should look for in a facility. Data centre power densities have been gradually increasing over time with newer technologies and demand of higher kW per cabinet requirements. The PUE helps in determining the overall operational efficiency of a data centre facility. The data centre operator must offer an uninterrupted clean power supply with various back up options to support interruptions and offer the best possible PUE for organizations.

Did you know?

The average PUE in India is around 1.8, with the world average around 1.6 as of 2019. An ideal PUE is 1.0, with Google Data Centers having a PUE on the range of 1.1.

Viability

While dealing with a data center provider, you should look at whether the company has a strong history and experience. The data center should be able to support the organization for minimum 5-10 years. Financial security, financial credibility and operational efficiency must be understood before investing in a data center.

Choosing a correct data centre facility or an operator according to an organization’s requirement can take a lot of efforts especially in today’s time when an array of operators and developers are available to offer maximum similar services at competitive prices.

We at Ken Research, help you choose the correct (best) operator or facility based on the requirements of the business along with customized solutions at the best possible prices. Contact us to know further about the data centre facilities and operators that may be the best fit for your organization.

For More Information, refer to below links:-

Data Center Consulting Service

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

Co-Location VS Cloud: What Do You Choose?

Should you build your own data center, or house the IT gear in a co-location facility with a Data Center operator or host it on to a cloud? This is one of the biggest dilemmas that organizations are sometimes unsure of. There are a few basic questions that the organization must ask itself before selecting the type of data center. The questions that organizations should have an answer to are as follows:

1.       What scale are you planning to achieve?                    

Usually organizations larger in size, prefer building their own data centers (Enterprise Data Centers). Companies such as Google, Amazon (AWS), Microsoft (Azure), Oracle, Ali Baba have their own data centers across the world. Hence, the larger your organization is, it is better to have your own data center. If your organization has been investing huge amounts in maintaining data, then it is better to build your own data center.

2.       What Security Compliance do you require?

If there is any specific security compliance required in the Industry you are operating in, and if major players do not have such compliance, then you may need to build your data center separately. Although cloud players and co-location service providers are ensuring customized data center solutions to customers, security compliance and technological adoption may be common across industries.

3.       Future Scalability?

If you expect your company’s operations to expand drastically in the future, then you should look for either Hyperscale co-location business or cloud business, depending on the size and scale of the organization. Usually cloud services offer unlimited scalability, resulting in much wider adoption than physical data centers that offer limited scalability and are slightly more expensive.

4.       Cost Budgeting

At the end everything boils down to the cost to the company, for using such a service without hampering the operational efficiency. Companies would prefer the most affordable solution for the given set of service applications that are required.

At the end, storage is expensive, and not just the underlying capacity, but the hardware and software infrastructure that makes data durable and quickly accessible. If you can, like the hyperscalers, build your own storage hardware, file systems, access methods and formats (block, file, object), and data protection schemes, you can bring the cost of storage down even further. This is precisely why all of the hyperscalers have done this, and why more enterprises will follow suit.

Data centers are considered to be the backbone of a variety of services offered including Web-hosting, ecommerce, social networking, and a variety of more general services such as software as a service (SAAS), platform as a service (PAAS), and grid/cloud computing.

We at, Ken Research act as link to the customer in providing with customized data center solutions for an enterprise to meet their data storage needs as per their requirements. Contact us to know further about the data centre facilities and operators that may be the best fit for your organization.

For More Information, refer to below links:-

Data Center Consulting Service

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

Intensifying Insights of Global Deep Packet Inspection (Dpi) Market Outlook: Ken Research

 Deep packet inspection could be a form of processing that assesses the information half and therefore the header of a packet that’s being forward over a computer network through a scrutiny purpose. It always removing out any non-compliance to protocol, intrusions, viruses, spams, and the other definite criteria to dam the packet from passing through the inspection point. Deep packet inspection is additionally used to decide once an explicit packet is redirected to another destination. With the emergence of latest technologies, deep packet inspection became possible. Since it became a lot of comprehensive and complete, a lot of like aggregation up a book, and reading it from cover to cover.


According to the study, ‘Global Deep Packet Inspection (DPI) Market to reach USD 22.8 billion by 2026’ categorical that there are some corporates that presently functioning heaps successfully for dominant the foremost effective enlargement of the market and obtaining the productive competitive edge whereas acceptive the productive moneymaking strategies throughout that and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes Allot Communication, R&S Cybersecurity ipoque GmbH, Bivio Network, Cloud Shield, Huawei, Sandvine, Qosmos, Arbor, Procera, Cisco. For example, As per the report printed by Symantec in 2019, about 545,231 ransomwares attacks were register across the world in 2018, of that china was the best ransomware attack country representing 16.9% of total ransomwares whereas brazil and Mexico graded 4th and 6th. This, in turn, is anticipated to accelerate the demand for Deep Packet Inspection (DPI), so causative to the expansion of the worldwide market. However, knowledge security & privacy concern and lack of awareness are the few factors expected to hamper the expansion of the market over the forecast period of 2020-2026.

The regional investigation of global Deep Packet Inspection (DPI) market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is that the leading/significant country over the world in terms of market share due to the wide presence of security vendors long with the growing focus toward R&D in security technologies within the region. Whereas, Asia-Pacific is anticipated to exhibit highest rate / CAGR over the forecast period 2020-2026, thanks to the rising cases of cybercrimes and growing usage of mobile computing, particularly in China and India.

Furthermore, increasing range of sophisticated cyberattacks, fast rise in adoption of regulative and knowledge protection laws and increasing IP traffic because of adoption of high-speed broadband globally are the few factors accountable for high CAGR of the market over the forecast amount. Amidst the COVID-19 crisis, the network security business is poised to grow at property rate despite the predictable economic turbulence. The implementation of remote operating policy, due to lockdown is setting unforeseen stress on remote networking technologies and triggering operational technology (OT) security risk issues over the vulnerable home network security thereby, demand for deep pack inspection is expected to increase. Thus, the Global Deep Packet Inspection (DPI) market will increase in upcoming years.

For More Information, Click on the Link Below:-

Global Deep Packet Inspection (DPI) Market

Related Reports:-

Global Deep Packet Inspection (DPI) Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Wednesday, November 18, 2020

Thailand Pharmacy Retail Market is Driven by Growth in Online Consultations, E-Prescriptions and Consolidation of Small Independent Pharmacies with Larger Chains: Ken Research

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Major Hospitals such as Samitivej launched its Virtual Hospital Application, therefore, offering teleconsultation, blood testing, and medicine delivery services.

Growth in Telemedicine Industry: Telemedicine program in Thailand was initiated in March of 2019, a joint effort of the Public Health Ministry and National Broadcasting & Telecommunications Commission (NBTC). According to WHO standards, communities should have 1 doctor for every 439 people, however; there is only 1 doctor for every 2,065 people in Thailand. The country officially implemented telemedicine programs at 32 hospitals in rural areas in 8 provinces with a complete legalization framework, thus, encouraging the adoption of new technologies & remote patient monitoring and medical care. These provinces include Chiang Rai, Kamphaeng Phet, Kanchanaburi, Kalasin, Phetchabun, Surin, Songkhla, and Surat Thani. 32 hospitals involved in the telemedicine program consisted of 15 sub-district health-promoting hospitals, 5 community hospitals, 8 provincial hospitals, and lastly, 4 primary health clusters.


Collaborations & Partnerships: Partnerships of pharmacies with online consultation & E-prescription companies is growing in Thailand, for instance, AIA Thailand partnered with True Digital Group & Samitivej to launch a free-to-use teleconsultation service, as a Virtual COVID-19 Clinic in April 2020 wherein service was made available for use from 8 April to 10 May 2020 in the country. Amidst the COVID pandemic, health care providers observed a shift in consumer behavior, where people are now accepting more digital services such as online / E-consultation, medication delivery & Covid-19 screening services.

Thai hospitals and medical institutions are offering care with digitalized process, AI and big data technology to assist as well as improve medical consultancy, diagnosis and overall services. In addition, Thai government has introduced many measures to facilitate tourists to visit Thailand for medical services through extension of permitted period of stay and long-stay visas thereby, driving revenue within healthcare sector.

The report titled “Thailand Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented and Generic Drugs)by Ken Research suggested that the pharmacy retail market is further expected to grow in the near future as both existing companies and new entrants can focus on investing within marketing activities, hiring quality pharmacists, promotion of online platforms, focus on keeping stock of medicines for emerging diseases, partnerships with telemedicine players, using data analytics, acquisition of regional pharmacies, development of new retail channels and information on medicine intake. The market is expected to register a positive six year CAGR of 2.1% and 3.1% in terms of revenue and number of pharmacy stores respectively during the forecast period 2019-2025F.

Key Segments Covered: -

By Market Structure (Number of Pharmacy Stores & Revenue)

Organized

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipment

Unorganized

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipment

By Product Categories (Prescribed Drugs, Over-The-Counter, Non Pharmaceutical Products and Medical Equipment)

By Sales

Generic Drugs

Patented Drugs

By Therapeutic Areas

Cardiovascular

Anti-Infective

Pain / Analgesics

Respiratory

Vitamins / Minerals / Nutrients

Anti-Biotic

Gastrointestinal

Gynecology

Neuro

Oncology

Ophthalmology

Others (Dermatology, Antiulcerants, Macrolides & Similar Type, Angioten-Ii Antag. Comb, ANTI-Epileptics, Antihistamines Systemic, Fluoroquinoloes)

By Region / Cities

Bangkok & its Vicinity

Central

South

Northeast

North

East

West

Pharmacy Retail Stores / Chains Covered

Watsons

Boots Retail

Pure by Big C

Save Drug

Fascino

Bangkok Drugstore

Health Up

P&F

Lab Pharmacy

Tsuruha

Matsumotokiyoshi

I-care

Healthy Max

Other Independent Chains

Telemedicine Companies Covered

ChiiWii

Raksa

Ooca

Doctor Anywhere

CM Mediclinic

ArinCare

Doctor A-Z

Other Telemedicine Players

Key Target Audience

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Government and Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2019-2025

Key Topics Covered in the Report: -

Executive Summary

Thailand Healthcare and Pharmacy Retail Market Overview

Thailand Pharmacy Retail Market Supply

Thailand Pharmacy Retail Market Demand

Thailand Pharmacy Retail Industry Analysis

Comparative Landscape of Thailand Pharmacy Retail Market

COVID-19 Impact on Thailand Pharmacy Retail Market

Thailand Pharmacy Retail Market Future Outlook and Projections, 2019-2025

Analyst Recommendations in Thailand Pharmacy Retail Industry

Research Methodology /Appendix

For More Information on the Report, Click on the Below Link:-

Thailand Pharmacy Retail Market Growth

Related Reports by Ken Research: -

Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class

Philippines Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipments), By Drug Type (Generic and Patented) and By Therapeutic Class

India E-Pharmacy Competition Benchmarking Report - A detailed analysis of major E-Pharmacy players in India

Contact Us:  -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249

Thailand Pharmacy Retail Market Outlook to 2025: Ken Research

 Buy Now

The report titled Thailand Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs) provides a comprehensive analysis on the performance of the pharmacy retail industry in Thailand. The report covers various aspects including the number of pharmacies, revenue, trends & developments, issues & challenges faced by the industry, competition landscape, telemedicine players, and others. Thailand pharmacy retail market report concludes with projections for the future of the industry including forecasted revenue by 2025, market segmentation, COVID-19 impact, and analysts’ take on the future.


Thailand Pharmacy Retail Market Overview and Size:

Volatile growth was observed within Thailand pharmacy retail market as multiple pharmacy stores closed due to the non-compliance of GPP standards required by the FDA. However, the closure of pharmacy outlets resulted in higher customer footfall in other pharmacies; hence a lower revenue growth rate was recorded in the year 2019. The market was observed in the growth stage owing to the growing intensity of competition among the retail pharmacies in the market in terms of wide product offering and value-added services. The franchise model has become quite popular with new chains adapting to this model for faster store expansion. Moreover, a collaboration between state hospitals and small chains has helped patients being treated under “UHC” alongside the growth of pharmacy stores. Change in population structure i.e. the transition to the Thai aging society has led to a surge in drugs (including dietary supplements) demanded towards chronic diseases such as hypertension, diabetes, and others. The market is booming owing to the rising number of cases of NCDs, online pharmacy services, increasing government health expenditure, and other growth drivers.

Thailand Pharmacy Retail Market Segmentation

By Market Structure (Organized and Unorganized Market):

The unorganized segment dominated in terms of revenue as well as basic number of pharmacy stores in Thailand during 2019. The particular segment is competitively positioned in OTC, Generics & Health Supplements & generally do not provide home delivery services.

On the other hand, the organized segment has established a strong presence across all the regions in Thailand that resulted in a higher footfall of customers at these outlets. In addition, organized chains have mobile applications, higher brand value, strong presence, and higher product listings & provide home delivery services.

By Product Categories (Prescribed Medicines, OTC, Non-Pharmaceuticals, and Medical Equipment): Prescribed drugs dominated the market in terms of revenue in 2019 largely due to the higher price/margins involved. Among the other product categories, OTC & Non-Pharmaceutical products were consistently growing in terms of revenue share. Medical equipment captured the least revenue share.

By Drug Type (Generic and Patented Drugs): Generics Drugs within Thailand dominated in terms of revenue as it has high consumption volume alongside rising government healthcare schemes to increase patient purchasing power in the country. Whereas, patented drugs on the other hand are ailment specific.

By Therapeutic Class (Cardiovascular, Anti-Infective, Pain / Analgesics, Respiratory, Vitamins / Minerals / Nutrients, Anti Biotic, Gastrointestinal, Gynecology, Neuro, Oncology, Ophthalmology, and Others): Cardiovascular class dominated the market in terms of revenue in 2019 majorly due to surge in Heart Failure (HF) risk factors such as obesity, hypertension & diabetes, related to changing lifestyle;  followed by Anti-infective segment.

By Region / Cities (Bangkok, Central, South, Northeast, North, Eastern, and Western): Bangkok and its vicinity captured the second-highest number of pharmacy retail outlets (central region being the first) during 2019. However, in terms of revenues Bangkok region dominated majorly due to higher customer footfall & average basket size towards medicines in a particular region.

Comparative Landscape of Thailand Pharmacy Retail Market

The competition stage within the retail pharmacy industry has become highly fragmented with numerous unorganized chain brands present across almost every region. On the other hand, penetration of organized space is increasing over the years with top five players including Watsons Thailand, Boots Thailand, and Pure Pharmacy by Big C, Fascino Drugstores, and Save Drug. The players in the industry compete on the basis of parameters such as Number of Pharmacy Stores, Geographical Presence, Brand Recognition, and Partnerships with Telemedicine & E-Prescription Providers, product portfolio, online deliveries & Other Value Added Services.

Thailand Pharmacy Market Future Outlook & Projections

With the growing aging population, the number of people that are affected by chronic NCDs, especially hypertension will affect almost half of the elderly population in Thailand & less commonly, diabetes, heart disease, stroke & cancer thus, driving the demand from retail pharmacy chain in the near future. Increasing customer footfalls along with growth in telemedicine for online consultations and home delivery services will drive industry growth over the long term.

Key Segments Covered: -

By Market Structure (Number of Pharmacy Stores & Revenue)

Organized

Prescribed Drugs

Over-The-Counter

Non-Pharmaceutical Products

Medical Equipment

Unorganized

Prescribed Drugs

Over-The-Counter

Non-Pharmaceutical Products

Medical Equipment

By Product Categories (Prescribed Drugs, Over-The-Counter, Non-Pharmaceutical Products, and Medical Equipment)

By Sales

Generic Drugs

Patented Drugs

By Therapeutic Areas

Cardiovascular

Anti-Infective

Pain / Analgesics

Respiratory

Vitamins / Minerals / Nutrients

Anti-Biotic

Gastrointestinal

Gynecology

Neuro

Oncology

Ophthalmology

Others (Dermatology, Antiulcerants, Macrolides & Similar Type, Angioten-Ii Antag. Comb, ANTI-Epileptics, Antihistamines Systemic, Fluoroquinolones)

By Region / Cities

Bangkok & its Vicinity

Central

South

Northeast

North

East

West

Pharmacy Retail Stores / Chains Covered

Watsons

Boots Retail

Pure by Big C

Save Drug

Fascino

Bangkok Drugstore

Health Up

P&F

Lab Pharmacy

Tsuruha

Matsumotokiyoshi

I-care

Healthy Max

Other Independent Chains

Telemedicine Companies Covered

ChiiWii

Raksa

Ooca

Doctor Anywhere

CM Mediclinic

ArinCare

Doctor A-Z

Other Telemedicine Players

Key Target Audience

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Government and Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2019-2025

Key Topics Covered in the Report: -

Executive Summary

Thailand Healthcare and Pharmacy Retail Market Overview

Thailand Pharmacy Retail Market Supply

Thailand Pharmacy Retail Market Demand

Thailand Pharmacy Retail Industry Analysis

Comparative Landscape of Thailand Pharmacy Retail Market

COVID-19 Impact on Thailand Pharmacy Retail Market

Thailand Pharmacy Retail Market Future Outlook and Projections, 2019-2025

Analyst Recommendations in Thailand Pharmacy Retail Industry

Research Methodology /Appendix

For More Information on the Report, Click on the Below Link:-

Thailand Pharmacy Retail Market Growth

Related Reports by Ken Research: -

Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non-Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class

Philippines Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital-Based), By Region (North, Central, and South), By Product Sales (Prescribed Medicines, OTC Products, Non-Pharma Products, and Medical Equipments), By Drug Type (Generic and Patented) and By Therapeutic Class

India E-Pharmacy Competition Benchmarking Report - A detailed analysis of major E-Pharmacy players in India

Contact Us:  -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249

Taiwan Pharmacy Retail Market Outlook to 2025: Ken Research

The report titled Taiwan Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Region (Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment’s), By Drug Type (Generic And Patented) and By Therapeutic Classprovides a comprehensive analysis of the retail pharmacy operations in Taiwan. The report covers various aspects including the current healthcare scenario, current market size, segmentations, usage of contraceptives and family planning, health insurance scenario, traditional Chinese medicine scenario,  industry cycle, supply structure for pharmacy retail, trends & development, issues & challenges, SWOT Analysis, BCG Matrix, telemedicine scenario, operating model of pharmacies. The report concludes with Competition Scenario, Future Projections for the industry including market revenue by 2025, market segmentations, COVID 19 impact and analysts’ recommendations.

Taiwan Pharmacy Retail Market Overview and Size

The Taiwan Pharmacy Retail Market is a growing market. The country has universal coverage of health insurance which covers both western medicines and traditional Chinese medicines. The National Health Insurance provides drug reimbursement in which more than 17,000 prescription drugs are covered. In this model, the customer needs to make small co-payment (in order to avoid the wastage and misuse of drug) and the remaining amount is sponsored by the government. The chain pharmacy stores are increasing their presence by opening new stores and acquiring independent stores or small regional chains. Some pharmacy chains have also adopted the franchise model for store expansion. Pharmacies chains are focusing on selling high margin products such as Maternal and Baby Supplies, Cosmetics, Nutritional Supplements and others in order to increase the profitability of their stores. The Taiwan Pharmacy Retail Market witnessed a revenue growth of 2.8% during 2014-2019.

Taiwan Pharmacy Retail Market Segmentation

By Market Structure: TheTaiwan Pharmacy Retail Market is dominated by the presence of Unorganized Pharmacies in the term of number of stores and market revenue. However, the organized pharmacies have started increasing their presence by opening new stores and acquiring & merging regional chains & independent pharmacies with them. The customers prefer to purchase prescribed medicines from unorganized pharmacies as majority of these pharmacies are accredited by NHI which offers co-payment facility on these drugs. The organized pharmacies use services such as in store services, wide product assortments, special discounts and offers for members and other value added services for attracting customers.

By Region: Taiwan is broadly divided in six regions: Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division. Taipei Division has the maximum number of pharmacies (2019), NHI Beneficiaries and NHI Outpatient Medical Benefit Claim (2018). In terms of revenue Taipei Division contributed the maximum revenue, followed by Central Division, whereas Eastern Division contributed the least revenue.

By Type of Sales: Prescribed Medicines were the most selling category in the overall market in 2019. This is mostly due to the demand for maintenance medicines by the ageing population. NHI drug reimbursement program has more than 17,000 prescribed medicines listed on it. Demand for OTC products is increasing in the market as people are moving towards preventive healthcare. The organized pharmacies are focusing on selling more non pharmaceutical products such as maternal care, baby care, cosmetics and other similar products as they help in increasing the store profitability.

By Type of Drug: The pharmacies in Taiwan offer a mix of Patented Medicines and Generic Medicines. The NHIA regulates the pricing of medicines in Taiwan; Patented Drugs are priced at a reference pricing of those medicines in 10 advanced countries. The Generic medicines can be classified in different sub categories such as Brand Generics, Unbranded Generics and others.

By Therapeutic Class: The medicines in the Taiwan Pharmacy Retail Market can be classified in different therapeutic classes such as cardiovascular,pain/analgesics, anti-infective, anti-diabetic, vitamins, minerals and nutrients, respiratory, and others on the basis of the type of disease they are used to cure. The cardiovascular drugs have highest demand in the region due to the ageing population.

Competitive Landscape in the Taiwan Pharmacy Retail Market

The market has a mix of chain and independent pharmacies with majority of pharmacies being independently owned. The top five pharmacy chains on the basis of number of stores are MedFirst, Great Tree Pharmacy, YourChance Pharmacy, Yes Chain Pharmacy and TinTin Drugstores as of 2019. The competition in market is highly fragmented on the basis of revenue. The organized chains are trying to increase their revenue share by offering various services such as integrating stores with latest technologies for better in-store experience, membership services, special promotion offers and discounts, delivery services and other marketing and promotion activities. The main parameters of competition among chains are availability of NHI reimbursed prescribed medicines, wide product variety, availability of non-pharmaceutical products, membership services, loyalty schemes and other services.

Taiwan Pharmacy Retail Market Future Outlook & Projections: The Taiwan Pharmacy Retail Market witnessed a slight decline initially with the onset of Corona Virus Pandemic, however, the market recovered quickly with proactive measures taken by government for stopping the spread of the virus. The pharmacies are expected to have a makeover integrating latest technologies, collecting data for cloud storage and adding other beneficial features. Online Pharmacies will grow in future and the business model will adapt to the hybrid pharmacy. The chain pharmacies will increase their presence in the future by opening new stores or acquiring small independent stores or regional chains. The expenditure on pharmaceuticals is expected to increase as government wants to reduce their expenditure on imported drugs in the country, this will also result in the increase in demand for generic medicines.

Key Segments Covered:-

By Market Structure (In USD Million)

Organized Market

Unorganized Market

By Region (In USD Million)

Taipei Division

Northern Division

Central Division

Southern Division

KaoPing Division

Eastern Division

By Type of Sales (In USD Million)

Prescribed Medicines

OTC Products

Non Pharmaceutical Products

Medical Equipment

By Type of Drug (In USD Million)

Generic

Patented

By Therapeutic Class (In USD Million)

Cardiovascular

Anti-Infective

Pain/Analgesics

Anti Diabetic

Vitamins/Minerals /Nutrients

Dermatology

Respiratory

Gastro Intestinal

Neuro

Oncological

Gynecological

Ophthalmological

Others

Companies Covered:-

The Great Tree Pharmacy

MedFirst Taiwan

TinTin Drugstores

Woodpecker Pharmacy

YourChance Pharmacy

Yes Chain Pharmacy

JPMed

Tomods

Matsumoto Kiyoshi

Boden Pharmacy

Key Target Audience:-

Pharmaceutical Manufacturer Companies

Pharmaceutical Importing Companies

Pharmaceutical Distributing Companies

Major Retail Companies

E-Commerce Pharmaceutical Retailers

Consultancy Companies

Industry Associations

Government and Regulation Bodies

Time Period Captured in the Report:-

Historical Period: 2014-2019

Forecast Period: 2020-2025

Key Topics Covered in the Report:-

Healthcare System in Taiwan

Usage of Contraception & Family Planning in Taiwan

Health Insurance Scenario in Taiwan

Drug Reimbursement System of NHI

Traditional Chinese Medicine Scenario in Taiwan

Supply Structure of Taiwan Pharmacy Retail Market

Trends & Development in Taiwan Pharmacy Retail Market

Issues & Challenges in Taiwan Pharmacy Retail Market

SWOT Analysis & BCG Matrix in Taiwan Pharmacy Retail Market

Taiwan Pharmacy Retail Market Size & Segmentation, 2014-2019

Online Pharmacy Regulations in Taiwan

Telemedicine & Growth of Online Medical Consultation in Taiwan

Major Telemedicine Providers in Taiwan

Operating Model of Hybrid Pharmacies

Competition Scenario, Market Share, Cross Comparison of Major Players (Online & Offline) and Company Profile

Corona Virus Impact on the Consumer Behavior & Pharmacy Sales

Future Market Size and Segmentations, 2019-2025F

COVID 19 Impact on Taiwan Pharmacy Retail Market

Analysts’ Recommendations

For More Information on the research report, refer to below link:-

Taiwan Pharmacy Retail Market

Related Reports:-

Philippines Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment’s), By Drug Type (Generic And Patented) and By Therapeutic Class

Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipment’s), By Drug Type (Patented & Generics) and By Therapeutic Class

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Effective Increment across Global Automotive Hydraulic System Market Outlook: Ken Research

 Automotive hydraulic system could be a crucial part of an automobile that is utilized to supply hydraulic fluid wherever heat is created and repairs the system. The hydraulic systems have an outstanding role in automotive development, for example, for the engineering of brakes, gears, steers furthermore suspension. Lubrication is important to resist corrosion and wear of the parts in vehicles to endure a discount in potency.  Hydraulic systems are used to offer the fluid to the components wherever heat is generated. This fluid helps to dissipate the warmth generated within the components.


The report analysis of,’ Global Automotive Hydraulic Systems Market to reach USD 51.6 billion by 2026’ The global automotive hydraulic systems market is driven chiefly by innovations. Major corporations are finance heavily within the R&D and are endlessly launching new merchandise. Major players within the automotive hydraulic systems market are Aisin, Seiki, Bosch, ZF Friedrichshafen, Borgwarner, Jtekt, Continental, Schaeffler, Wabco, GKN Driveline and FTE Automotive Group. In keeping with the International Organization of Motor Vehicle Manufacturers (OICA), in 2019, there have been around 27 million units of business vehicles sold round the world, a rise of regarding 3.85% from 2018 that holds nearly 26 million units. This, in turn, is predicted to accelerate the demand for automotive hydraulic systems, therefore tributary to the expansion of the worldwide market. However, high maintenance value of hydraulic systems and availableness of substitutes are the few factors expected to discourage the expansion of market over the forecast amount of 2020-2026. However, the COVID-19 pandemic features a swift and severe impact on automotive sector therefore, representing a considerable decline within the production of on-highway and off-highway vehicles. With the reduced production of vehicles, the utilization of automotive hydraulic system witnessing a sustainable decline that has resulted within the changing dynamics of those market spaces.

The geographical distribution of worldwide automotive hydraulic systems market is split into key regions like Asia Pacific, North America, Europe, Latin America and Rest of the globe. Asia-Pacific region is predicted to be more, during the forecast period owing to the increasing rate of adoption of automotive hydraulic systems and therefore the presence of government norms relating the active and passive safety of vehicles within the region.  China is the biggest automotive market in the world. The growing Chinese economy and therefore the growing disposable incomes of individuals in the country have accrued the demand for vehicles within the country.

Furthermore, increasing sales of rider cars and industrial vehicles, growing awareness of the active and passive safety of a vehicle among users and technological developments in electro-hydraulic automotive applications are the few factors responsible for high CAGR of the market over the forecast period. Also, the increasing number of construction and e-commerce activities, because of the growth of the commercial sector across the globe, resulted in demand for material transportation, which, in turn, increased the sales of commercial vehicles. This is likely to increase the demand of the Global Automotive Hydraulic Systems Market in forthcoming years.

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Global Automotive Hydraulic Systems Market

Related Reports:-

Global Automotive Hydraulic Systems Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249