Quick Commerce platforms have recently gained traction with the increasing prevalence of the unplanned purchases in Metro and Tier I cities: Ken Research

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• Quick Commerce provides the convenience of fastest possible doorstep delivery of groceries and other consumables.
• The Quick Commerce Market is expected to grow at a double digit CAGR by the end of FY’27F.
• Staples contributes the most in terms of revenue currently as it has relatively higher GMV than other categories and is expected to be the highest contributing category, followed by Fruits and Vegetables by the year FY’27
• Majority of the Quick Commerce companies follow the dark Store delivery model where ~2000 SKUs are kept in the dark stores and are delivered to the consumers in vicinity.

• Technological development such as Automated Dark Stores, Drone & Electric Vehicle Deliveries and voice ordering are anticipated to be adopted by the players of quick commerce market.

Competition Scenario: The industry is currently concentrated with presence of 7-8 players operating in the Quick Commerce industry in India. Fast Delivery, Price, Discounts & Offers, wide product assortment and availability & Ease of Payment are the major factors that influence the buying decision of the consumer. The major players include Swiggy Instamart, Blinkit and Zepto for the year FY’22. Companies with Large Product Assortment & Fastest Delivery are identified as clear leaders in the industry.

Future Market Scenario (Upcoming Technologies): The demand for the Quick Commerce is expected to expand with a CAGR of 27.9% on the basis of revenue between FY’22P and FY’27F. Automation in the Dark Stores, Drone Technology, Voice Ordering, and Use of Electric Vehicles for Delivery is anticipated to drive the Quick Commerce Market in future. Demand Prediction and Customer Behaviour Analysis is crucial to ensure sufficient availability of the groceries and to ensure minimum degradation and stock-outs of these products.

Expanding Partnerships: The Quick Commerce Players are expected to expand their partnerships with Payment Gateway Companies, e-wallet companies and more to diversify the payment options for their consumers. They can also establish certain tie-ups with major FMCG brands, to take commission from them in place of promoting their products on the quick commerce platform.

Analysts at Ken Research in their latest publication “India Quick Commerce Market Outlook to FY’27F - Driven by Increasing demand for Faster Delivery & Convenience and Shifting Customer behavior towards Unplanned Purchases” believe that the Quick Commerce market in India is expected to demonstrate strong growth owing to the increase in demand for faster deliveries, wide product assortment, convenient & hassle-free shopping experience. The market is expected to register a positive CAGR of 27.9% in terms of revenue during the period FY’22P-FY’27F.

Key Segments Covered:-

By Product Category

Fruits & Vegetables

Packed food & Beverages

Staples

Beauty & Personal Care

Others

By Region

Metro & Tier I

Tier II and below

By Business Model

Dark Store Platform

Third Party Delivery Platform

By Customer’s Gender

Male

Female

By Delivery Time

0-20 Minute

20-40 Minute

40-60 Minute

60-75 Minute

By Average Order Value

< INR 300

INR 300 – INR 600

INR 600 – INR 1,000

> INR 1000

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Companies Covered:-

Swiggy Instamart

Blinkit

Zepto

Dunzo

BB Now

Ola Dash

BB Now

Flipkart Quick

Key Target Audience:-

Quick Commerce Companies

E-commerce Companies

E-Grocery Companies

Logistics Companies

Cold Chain Companies

Investors & Venture Capitalists

Time Period Captured in the Report:-

Historical Period: FY’22

Forecast Period: FY’23-FY’27F

Key Topics Covered in the Report:-

How is the Quick Commerce Market positioned in India?

India Quick Commerce Market Flowchart

Evolution of the Quick Commerce Industry

Target Addressable Audience for India Quick Commerce Market

Consumer Purchase Behavior

Channels available for shopping consumables

Comparison of E-Grocery and Quick Commerce Platform

Value Chain Model - Dark Store Delivery Platform

Supply Ecosystem and Challenges

Market Size and Segmentation

SWOT Analysis

Current Technologies Facilitating Quick Commerce Industry

Upcoming Technologies in Quick Commerce Industry

Investment and Funding in Quick Commerce Companies in India

Competitive Landscape – Cross Comparison of Major Players

Company Profiles

Case study & Analyst Recommendations

Research Methodology

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

India Quick Commerce Market

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Global Fan Coil Unit (FCU) Market Propelled by the Increased Use in Modern Infrastructure: Ken Research

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Market Overview

The Fan Coil Unit is a gadget that incorporates cooling and warming, heat exchanger. It is the independent framework, which circles the air in a little space. It is essentially the framework, that controls the temperature of the environmental factors where it is installed. This framework gives adaptability in installation. It tends to be introduced in more ways than one, such as wall-mounted, underfloor, channel mounted, and others. It generally utilized consolidation with the HVAC framework and tracks down its application in commercial, residential, and industrial building structures. Fan Coil Units normally need individual control, in this manner utilized in little spaces.

Report Analysis

According to the research report, “Global Fan Coil Unit (FCU) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” states that the increasing shift from the use of fan coil units is the significant variable driving the growth of the FCU Market. Likewise, the Global Fan Coil Unit (FCU) Market is encountering huge development attributable to the developing interest for the FCU in modern units, malls, business areas, and others. Furthermore, the beneficial congruity of environmentally friendly power frameworks with FCUs is forcing an uplifting perspective on the growth of the market in the upcoming forecasted period of 2020 till 2024.

The Global Fan Coil Unit (FCU) Market on the basis of Product Type is categorized into Wall Mounted Fan Coils, Horizontal Fan Coils, Cassette Fan Coils, and Vertical Fan Coils. Likewise, the global fan coil unit market in view of end-use includes Residential Use, Commercial Use, and Industrial Use.

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Key Players

Some major key players in the global fan coil unit (FCU) market are-

Daikin (McQuay)

Johnson Controls (York)

Carrier Corporation

Ingersoll Rand (Trane)

Coil Company

Panasonic Corporation

The Williams Companies

Jiangsu Yajia

Midea Group

Baoxin

Bryant

Regional Analysis

The global fan coil unit (FCU) market on the basis of regions incorporates North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Among these countries, North America is a developed locale and subsequently, development and new innovations are supposed to be patterns seen in the district in the upcoming years. North America is expected to have a significant portion of the fan coil unit market globally, with Europe and Asia-Pacific being the following nearest regions. The interest in fan coil units is assessed to be high in the Asia-Pacific region which has India, China, and Japan as their fundamental nations. The market in Asia-Pacific is extending quickly because of ascending industrialization in different non-industrial nations of the area, as most would consider normal to drive the fan coil unit market.

Moreover, the popularity of infrastructure across the APAC region, to keep up with the air quality in business structures to guarantee a sound climate for laborers, is supposed to drive the requirement for fan coil units to keep up with legitimate ventilation and warming and cooling frameworks across the structure.

Future Outlook

In the impending years, the Global Fan Coil Unit (FCU) Market is projected to be driven by developing interest for fan coil units in business structure. Also, the key growth driver of the fan coil unit market is the rising interest in energy-efficient FCU systems. Workplaces, lodgings, eateries, and medical clinics, yet opposite end-clients, for example, distribution center assembling, are additionally expected to support the fan coil market during the forecasted period of 2024.

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Global Fan Coil Unit Market: Ken Research

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(COVID Version) Global Fan Coil Unit (FCU) Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

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Procurement Technology Risks for Supply Chain – Ken Research

 Modernization, branding, and business model aside, if your company is rife with inadequacies and led by poor decision-making, your potential for growth will become stunted. Whatever segment or industry you are in, procuring goods and services both professionally and strategically will accelerate your accomplishment. Effective procurement due diligence will save you time and money while making your organization more creative and sustainable.

If your procurement procedure costs you appreciated time and incurs unnecessary costs, you may end up deteriorating behind your competitors. However, we live in the digital age where statistics, data, and bottomless-dive insights reign supreme, providing us the power to spot potential problems and inefficiencies within the business. Thanks to the accurate KPI software, it is much easier to recognise the trends and set objectives that will ultimately augment the productivity, propel the growth, and boost profits.

Here, we will discover the power of company procurement reports, consider their importance in digital age, and look at how to make them. We will also elucidate the benefits and challenges that occur when dealing with procurement data to deliver you with ground-breaking ideas on spotting inadequacies.

A procurement report of Ken Research enables an organization to validate how its procurement activities convey the value for money, underwrite to the realization of its wider goals and objectives, and deliver a panoramic snapshot of the effectiveness of its procurement strategy. By tracking the accurate procurement KPI, a company gains the power to improve its strategy by safeguarding the minor inefficiencies from becoming significant issues and delivering a clear insight into the exertions or supplier relationships that work, as well as those that don’t.

Throughout the years these reports on procurement technology risks of supply chain have been generated and managed through traditional means of the data management such as spreadsheets or static presentations but companies require to hurl these stone-age practices and begin utilizing modern online reporting software that will transform your results, and eventually, augment the profits.

You can easily augment financial efficiencies and save costs by recognising potential problem locations in your organization. If you track your costs on a consistent basis, your purchasing department monthly research reports will be filled with the crucial financial analytics insights that will assist you streamline your supplier management procedures, identify if you require to train your staff on how to decrease costs, and confirm continuous monitoring to confirm your finances are being well managed and well-organized. Financial forecasting is vital to the continuing health of your procurement activities. Through the utilize of modern dashboards, you will be able to convey your projections with pinpoint accuracy. But not only, but the usage of interactive financial charts will also make your data exploration processes faster and easier.

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By monitoring your dependency on providers over a set time frame and recognizing which ones deliver the accurate product or service at exactly the accurate time, you can analyse your suppliers’ performance with comfort while conducting comparisons throughout your business. With the assist of our dashboard designer, you can merely drag-and-drop your values and generate the interactive visualizations that will point out errors immediately. That way you will be able to suggestively reduce errors, and augment your productivity levels.

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How Procurement and Supply Chain Intelligence Can Benefit Your Business

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Graphite Block Market Growth is driven by Expansion of Lithium Ion Battery Industry: Ken Research

Graphite is an allotropic carbon compound with the hexagonal crystalline structure. Graphite is one of the occasional class of non-metals with robust thermal and electrical conductivities. The material seems to be a solid grey colour. The brilliant characteristics of graphite entail strong heat resistance and a high melting point. Graphite may also be utilized as a lubricant, a corrosion inhibitor, and a reinforcing agent. As a result of these beneficial characteristics, graphite is one of the most commonly utilized non-metallic materials in a diversity of applications, entailing engineering materials, metallurgy, refractories, plastics, and automobiles.

According to the report analysis, ‘Global Graphite Block Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Mersen, Shenzhen Jinzhaohe, GCP, Beijing Sanye, Alabama Graphite Block, Northern Graphite Block, Qingdao Huatai, Lomiko Metals, Imerys, Qingdao Ruisheng, Superior Graphite Block, AGT, RS Mines, Focus Graphite Block, Bora Bora Resources, Cable Consultants, CCGG, AoYu Graphite Block and many more are the key companies which presently working in the global graphite block market more efficiently for keep maintaining the governing position, registering the great value of market share, obtaining the competitive edge, generating the highest percentage of revenue and leading the highest market growth by spreading the awareness connected to the applications and advantages of graphite block, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such, establishing the several research and development programs, increasing the features and benefits of graphite block, delivering the better customer satisfaction, decreasing the associated prices of such and analysing the strategies and policies of government as well as contenders.

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Expansion of the lithium ion battery industry around the globe is another aspect contributing to this growth. The aforementioned factor is probable to generate significant growth opportunities for the graphite block market throughout the forecast period.

In addition, the global graphite block market is propelled by the high demand for lithium ion battery industry and noteworthy steel production through graphite electrode electric arc furnace. However, augment in export duty on graphite in China and deducting price trend of natural graphite are the foremost factors that limit the growth of the graphite block market during the forecast period. In addition, growth in utilization in green technologies and merger & acquisitions activities are projected to provide lucrative growth opportunities for the foremost players to maintain the position in the market in the forthcoming years.

Graphite plays a noteworthy role in the automotive sector owing to its lightweight and lubrication, higher energy efficiency, great mechanical strength, and electrical conductivity. Graphite is a good auxiliary for asbestos. It is utilized in brake lining, clutch materials, gaskets, etc. Therefore, it is predicted that during the near period the market of graphite block will augment more proficiently around the globe over the review period.

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Global Graphite Block Market: Ken Research

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Brand Acceptance Survey Let You Know What Customers Are Thinking About Your Business: Ken Research

 Brand survey is a variety of research and data collecting activities that you’ll utilize to monitor and track the health, performance, and accomplishment of your brand. It will assist you find out how your brand is functioning in the marketplace, both independently and comparative to your competitors, assist you to recognise where you’re falling behind and where your accomplishments lie, and alert you to any pressures to your brand health. 

Brand survey is not an easy, one-shot activity. To be operative, brand tracking requires to be comprehensive and essential to your business development strategy.

Brand Acceptance Survey can assist you to generate the buyer personas. Marketing requires to define an ideal client profile as a foundation to generate the accurate marketing campaign for the accurate audience. Thanks to Brand Attribute survey, you can ask demographic questions, but also measure your audience’s preferences and interests and other beneficial information. Segment your audience into dissimilar categories and target with dissimilar marketing campaigns to create the highly qualified leads.

The Brand Identity Survey URL was loaded up on each of the salesmen’s mobile device, and an incentive to gather the most responses encouraged the staff to incorporate the survey into their consistent work-flow. The survey was commonly distributed within the car showroom; however, the competition propose was also circulated to target audiences on social media via a encouraged post within a 10 km radius of the dealership, enabling the brand the opportunity to fascinate the new prospects who hadn’t visited the store.

With brand acceptance survey, you can gather valuable consumer feedback and use it to give your brand authenticity. Knowing what clients think of your business can assist the guide imperative branding decisions and convey your ideas on how to appeal to your target market in the most efficient way. When utilizing a survey to gauge discernments about your brand, you can also learn what your business is doing well and what you can work on. The data gathered from surveys can assist you advance your customer experience, as well as propel your marketing decisions.

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With our surveys, audiences may also select to share first-party data like age, demographics and contact information by proposing an incentive in exchange. With an enticement attached, customers are more probable to complete a survey and deliver these important details. By collecting and analysing insights from your clients, you can think of ways to advance your business to better serve these groups or petition to their specific requirements and interests. Brand Identity Survey are also an outstanding tool for creating customer personas for marketing determinations.

Surveys let you know what clients are thinking about your business and products or services. Your brand’s superiority and reputation are indispensable, especially if you’re an entrepreneur, so you want to aim on advancing and marketing products that appeal to your clients. Surveys can assist you determine what your customers require and prefer.

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Market Survey Companies Can Solve Business Problems and Point the Right Direction

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Global Building Insulation Materials Market Growth is driven by Increment in Urbanization: Ken Research

The building insulation materials are those materials that help in deduction of heat transfer through the building by the means of blankets, spray foam, and panels making a thermal envelope across it. Suitable insulation of a building can results in considerable savings on the energy costs by lowering the heating and cooling expenditures, as actual insulation curtails heat gain for the period of summer and heat loss for the duration of the winter. Along with the deduction in energy costs, they also aid in decreasing the greenhouse gas emissions, for both the residential as well as non-residential segments.

According to the report analysis, ‘Global Building Insulation Materials Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Knauf Insulation, Owens Corning, Saint-Gobain S.A, Lloyd Insulations (India), Glassrock Insulation, PPG Industries, GAF, Building Materials Corporation of America, Dow Corning, Rockwool International, BASF SE and many more are the key companies which presently operating in the global building insulation materials market more efficiently for keep maintaining the governing position, leading the highest market growth, registering the great value of market share, generating the highest percentage of revenue, obtaining the competitive edge and ruling around the globe by implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of building insulation materials, decreasing the associated prices of such, improving the qualitative and quantitative measures of such, delivering the better customer satisfaction, increasing the features and benefits of building insulation materials, analysing the strategies and policies of government as well as contenders and establishing the several research and development programs.

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The augmenting urbanization, industrialization and increasing power requirements, coupled with the requirement to develop energy saving and cost-effective solutions for the residential and non-residential constructions are the foremost factors for the growth of the building insulation materials market. The speedy innovations in sustainable and green building solutions including building insulation systems are influencing the market to new heights.

Speedy urbanization and industrialization have propelled the large-scale infrastructure development, especially in the underdeveloped nations. This propels the construction and building industry owing to the establishment of novel residential as well as industrial structures, which is projected to influence the global building insulation materials market as these materials not only assist in energy conservation but also deliver the fire and impact resistance to the building structures.

The North American region presently holds the greater share of the market owing to its widespread construction and building market. However, the APAC region is improving at a speedy rate due to the development of infrastructure for residential segment, due to the urbanization as well as non-residential segment, owing to industrialization. The large-scale investments directed towards the advancement of infrastructure by governments in the Asia-Pacific nations is projected to fascinate new innovations and progress for the building insulation materials market.

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Global Building Insulation Materials Market: Ken Research

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Make Good Business Decisions with our Business Market Research Reports: Ken Research

Market research will assist you improve a successful marketing strategy. It is one of the causes why the market research is so imperative for the organizations who want to make informed decisions.

For your products and services to be well-attained by the customers, you must know the preferences and choices of your target audience. Business Market Research Reports delivers you with the important information about your competitors and prevailing products. The result proposes your insights into what it would take to prosper in the market. Therefore, organizations base their business decisions likewise marketing strategy and sales on the accurate market research.

Top Market Research Consulting Companies helps decrease the peril by enabling you to determine product pricing, features, and promotions from the outset. It also assists you aim resources where they will be more proficient.

Types of Market Research at Ken Research

·         Primary Research: Primary research is one that entails first-party information or data. In this procedure, you can gather all the data or information on your own and you don’t require any other source. This type of market research can assist you advance your marketing strategy by utilizing data and information straight from your clients. It is possibly more valuable type of market research owing to it is precise to your target market.

This allows you collect information about the company’s weaknesses and strengths in order to attain a better understanding of the whole client experience.

·         Secondary Research: This type of research is one that involves second-party or third-party information or data. During this procedure, you can gather the information from the prevailing data that are already accessible in the market. This research is not done by you, but it is already done by some other organizations and companies. This form of market research may assist you gain a better understanding of your segment as a complete.

·         Qualitative Research: Qualitative research utilizes figures and facts to uncover the what individuals think and feels about products. In addition, it also uncovers what aspects impression their purchasing decisions. Best Market Research Consultants in India attain this data through focus groups and surveys, and investigating the results is a job that demands certain capacities.

·         Quantitative Research: It aims on creating numbers. For example, how many % of the populace purchase a precise product. Questionnaires and Surveys are utilized to carry out the research. By conversing with customers, you can undertake simple quantitative research on your own. More precise quantitative research can be conducted throughout the launch of the new product to position markets and monitor clients’ demographics.

Market Research Company in India can assist you assess foremost trends to predict how the market may modify. It is a vital step in recognising new market sectors, improving new products and selecting your target market.

Top Consulting Firms in India such as Ken Research can also measure the effectiveness of your own marketing. You can find out how well individuals know about your services and products. The results can provide you ideas about proficient advertising to create more brand awareness.

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Insights and Forecast of the Limestone Market Outlook: Ken Research

Limestone is a sedimentary rock that is obtained by the build-up of calcium carbonate present in the organic remains of algae, shells, and corals. It is a significant ingredient in the construction and manufacturing industries.

According to the research report, ‘Limestone Market: Current Analysis and Forecast (2021-2027)’ states that Lhoist Group, Carmeuse Group, CEMEX S.A.B. de C.V., GCCP Resources Limited, IMERYS S.A., Holcim Group, Mineral Technologies Inc., Mississippi Lime Company, National Lime & Stone Company, and the United States Lime & Minerals Inc. are some of the top players in operating in the market. The report includes company profiling of each company mentioned above based on fundamental parameters like company overview, Production Capacity, Revenue, Price and Gross Margin, key business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, SWOT analysis and lot more qualitative and quantitative information. The report further analyzes how far along the player is in the competition, stakeholders, company shares, and the steps they are following to reach a destination they planned for the future.

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The report includes the classification of the limestone market into segments based on Application (metallurgy, construction, agricultural, chemical and industrial, and others), and based on Region (North America, Europe, Asia-pacific, and the rest of the world). The report analyses each segment in depth. It is seen that the construction industry directly or indirectly consumes a lot of limestones which leads the construction industry putting a major contribution to the limestone market. Since the market is spread worldwide, the report describes the market at the country level too. The countries included in the report are India, China, Japan, Korea, Canada, the United States, Spain, France, Italy, and many others.

In addition to that, the report also has sections dedicated to the market as a whole such as market dynamics, market synopsis, and market trends (historical and current). Along with this, the report analyses the research methodology and assumptions through various functional and analytical methods. It also throws light on application details, forecast predictions, data on sales and demand, recent technologies, various features of the market, and investment opportunities of the limestone market. The report also discusses several growth drivers, challenges, and restraints of the market. The report analyses the market quantitatively and qualitatively by tracing all the important sections influencing the market. Furthermore, the report contains a separate section for the covid-19 impact on the market, it determines all the impacts it made on the market.

In the forthcoming years, it is projected that the limestone market will grow and reach a substantial value in terms of revenue in USD billion by the end of the year 2027, and it is anticipated that the market will accomplish this growth at a double-digit CAGR during the forecast period from 2020-2027. Rising infrastructural developments, rapid urbanization, and projects like smart cities across the world are expected to raise the demand for limestone during the forecast years. However, the chemical and metal industry is the main driving factor of the limestone market. With the rise in demand for steel and more and more architectural developments, the application of limestone would also rise.

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Global Limestone Market: Ken Research

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Global Limestone Market, 2021-2027

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The Next Industrial Revolution is the Rapid Growth of the Green Chemical Market Outlook: Ken Research

A green chemical is a type of chemical that provides great performance and better functionality while being more environmentally friendly throughout its life cycle. Green chemicals are used to reduce waste generation and save energy make use of renewable raw materials. Green chemicals are summarized as being a product that has superior properties when compared to petroleum-based products, and they are highly capable of decreasing the long-term consequences to the planet.

The research report, ‘Green Chemicals Market: Current Analysis and Forecast (2021-2027)’ states that some of the prime players functioning in the market include Arkema S.A., BASF SE, Evonik Industries AG, GF Biochemicals Ltd., Koninklijke DSM N.V., Mitsubishi Chemical Corporation, Toray Industries Inc., bio amber Inc, Total Corbion PLA, Vertec Bio Solvents Inc. The report also includes company profiling of each player mentioned above based on the fundamental parameters like production capacity, key business strategies, revenue, key performance indicators, recent investments, and developments made, regional presence a lot more other information which is important for the companies to help modify and sustain their position in the market. A framework is provided to analyze how far along the player stands in the competition and what steps are required to reach the planned destination in upcoming years.

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The report includes a bifurcation of the green chemicals market into various segments. Based on Product the segmentation is done into bio alcohols, biopolymers, bio solvents, organic acids, and others. Here, it is observed that the bio alcohol category is subjected to grow at a remarkable rate. The second segment is based on Application (food & beverages, personal care, packaging, automotive, agriculture, and others) it is anticipated in the automotive sector the demand for a green chemical called bioethanol will increase due to the factors mentioned in the report in depth. The other segment is based on Region (Europe, North America, Asia-pacific, and the rest of the world. This report also includes the world- wide analysis of the green chemical market, it describes the market covering all the points for the countries present in the afore-mentioned regions. These countries are India, China, Japan, Korea, Canada, the United States, France, Spain, and many others.  

Similarly, the report also has sections dedicated to the market as a whole such as market dynamics, market trends (historical and current), application details, forecast predictions, data on sales and demand, recent technologies, and various features of the global market, and investment opportunities. The report also discusses several growth drivers, challenges, and restraints of the market. The report analyses the market quantitatively and qualitatively by tracing all the important sections influencing the market.

In the upcoming years, it is projected that the green chemical market will grow and reach a substantial value in terms of revenue in USD million by the end of the year 2027, and it is anticipated that the market will accomplish this growth at a double-digit CAGR during the forecast period from 2020-2027. The expansion of the market is mainly due to the increase in government support for green chemicals to prevent pollution and keep the environment benign.

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Global Green Chemicals Market: Ken Research

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Global Green Chemicals Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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Growing Healthcare Expenditure and Transition of Healthcare Facilities from Traditional to Digital Platforms to Drive the Health Tech Market in Vietnam: Ken Research

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• Vietnam is a heavy importer for medical products. 90% of the medical products are imported from the manufacturing countries like Japan, Germany, China, Singapore, etc.
• COVID was the biggest driver and had a perfect positive impact on the growth rate of Vietnam’s Health Tech market during which the market experienced broad investments.
• In 2020, MOH has launched three dedicated schemes to Health IT that includes Smart Management, Smart Hospitals, Smart Medical Record management to be achieved by 2025, pushing the industry toward digitalization for efficient management.

Rising Healthcare Expenditure: Vietnam’s growing healthcare expenditure is boosting the Health Tech Market as the country is currently undergoing economic and demographic transformations that provide great potential for its healthcare industry. Factors like increasing geriatric population, rising GDP and disposable income and disease prevalence to drive the country’s Health Tech market. Moreover, changes in the society like fast-growing middle class and aging population creating opportunities for new players to enter the market.

Increased focus on Digital Health: Digital health is guided by several key policy & communications and digital regulations issued by the Ministry of Health like Industry 4.0, Digital Transformation in Healthcare Scheme until 2025 and others are driving the digital industry in Vietnam. Digitization is helping address challenges in Vietnam’s Healthcare facilities including hospitals and clinics. Technological software integration in the hospital system has eased hospital management extensively in the country.

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Emergence of New Technologies:  5G is making robot-assisted telesurgery widespread which creates greater scope for healthcare centers to provide medical care in remote or under-served areas through new technologies. AI and Big Data applications are receiving strong support from the central government, driving digital healthcare infrastructure and will enable new R&D with accelerated investment incentives. Vietnam hospitals are in the early stage of going smart and are currently focusing on implementing of new technologies, including HIS, LIS, PACS and EMR.

Increased usage of Health IT Solutions: MoH’s top priority is to optimize Vietnam’s healthcare network easing the burden on large, national-level hospitals with overcrowding.

There is strong support from the government for improving existing hospitals infrastructure and integrate the IT system for administration. Enhances healthcare professionals’ tasks to keep a track of patient’s records easily and securely.

The report titled “Vietnam Health Tech Market Outlook to 2026- Driven by Increase in Internet Penetration and Mobile Applications along with Technology Advancement in the country” provides an exhaustive analysis of the Health Tech market in Vietnam. The market is expected to grow at a double digit positive CAGR owing to the increase in internet penetration rate and increased spending on healthcare due to high disease prevalence are driving the market in Vietnam. The Health Tech market GTV in Vietnam is expected to grow over the next few years due to the high demand for digital products in the country.

Key Segments Covered in the report: -

e-Pharmacy Market

By Oder Split

By Order Split

OTC Drugs

Prescribed Drugs

Non-Pharmaceutical Products and Medical Devices

By Oder Platform

Mobile Application

Web Browser

By Region

Northern Region

Central Region

Southern Region

Online Consultation Market

By Type of Doctor

General Practitioner

Specialized Doctor

By Type of Specialization

Pediatrics

Family Doctor

Dermatologist

Others (include ENT Specialist, Cardiologist, Optometrist, Psychiatrist and more)

By Region

Northern Region

Central Region

Southern Region

Health IT Solutions Market

By Type of Customization

Customized

Non- Customized

By Type of Product

HIS/LIS

Independent LIS

PMS

CMS

By Region

Northern Region

Central Region

Southern Region

Key Target Audience

Healthcare Industry

Pharmaceutical Industry

e-Pharmacy Companies

Online Consultation Companies

Health IT Solutions Companies

Hospitals & Clinics

Retail Pharmacy Drug Stores

Time Period Captured in the Report:

Historical Period: 2018-2021

Forecast Period: 2021-2026F

Companies Covered:

Pharmacity

Long Chau

Medicare

Phano Pharmacy

eDoctor

Med247

Doctor Anywhere

FPT

VNPT

Viettel Solutions

Key Topics Covered in the Report

Executive Summary of Health Tech Market in Vietnam

Vietnam Country and Healthcare Sector Overview

Vietnam Health Tech Market Overview

Major Challenges in Health Tech Market

Comprehensive Analysis on e-Pharmacy, Online Consultation and Health IT Solutions Markets (Market Size, 2018-2026F; Market Shares; Future Trends)

Major Regulations for e-Pharmacy, Online Consultation and Health IT Solutions Markets in Vietnam

Emerging Technologies in Health Tech Market

Strengths and Weaknesses of Major Health Tech Players in Vietnam

Competitive Landscape in e-Pharmacy, Online Consultation and Health IT Solutions Markets

Emerging Opportunities in Health Tech Market in Vietnam

Analyst Recommendations

For More Info on the Research Report, Click on the below link: -

Future Outlook of Vietnam Health Tech Market

Related Reports by Ken Research: -

Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

APAC Healthcare AI Market Outlook to 2025 – By Applications (Machine/Robot Assisted Medical Procedures, Clinical Trial & Drug Discovery/Development, Preliminary Diagnosis, Administrative Workflow Assistance, Virtual Nursing Assistant, Fraud Detection, Dosage Error Reduction), by Countries, by End Users & by Technologies and Current Investment Scenario

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