Australia Pharmacy Retail Market Growth, Demand, Business Opportunities, Size, share Industry Trends, Analysis and Forecast till 2025: Ken Research

Australia Pharmacy Retail Market Overview:

Australia Pharmacy Retail market in terms of revenue increased at a single digit CAGR over the review period 2015-2020. The market was observed to be at growth stage owing to growing intensity of competition among the Major Pharmacy Chains & Banner Groups in the market in terms of wide product offering and Value Added Services.

The Pharmacy Retail industry in terms of No. of Pharmacy Stores has grown at a CAGR of ~% during the period 2015-2020. Growth in industry driven by Services such as Online Consultations, E-Prescriptions & per capita Health Expenditure of individuals in the country.

Australia has approximately ~ community pharmacies, ~ pharmacy chains and ~ thousand pharmacists. In addition to that, Pharmaceutical Benefits Scheme by Government has helped patients in getting affordable medicines at pharmacy stores. >~% of Pharmacies in Australia has achieved quality accreditation thereby providing Quality Services to Australians. Community Pharmacies are the most accessible health destination, with >~ million individual patient visits annually. A person visits a pharmacy 18 times each year, in metropolitan, remote & rural locations in Australia

Australia Pharmacy Retail Market Segmentation:

By Market Structure: Pharmacy Chains in the industry dominated the revenues & No. of Stores in pharmacy retail market in Australia in 2020. Pharmacy Chains has established strong presence across all the regions in Australia that resulted in higher footfall of customers at these outlets.

By Type of Pharmacies: Community Pharmacy dominates the market in terms of Number of Stores, followed by discount pharmacies in the country in 2020. Prescribed, OTC and Non-Pharma Products were the major categories being demanded at community Pharmacies.

By Product: Prescribed Medicines dominated the market in terms of Revenue largely due to the higher costs of such medicines in 2020. Among the other product categories, Over-The-Counter and Non Pharmaceutical Products were consistently growing in terms of Revenue Share. Medical Equipments being the last category showed stable growth over the years in the country.

Demand for Non-Pharmaceuticals and OTC is consistently growing in Pharmacy Chains Stores whereas Prescribed Drugs & OTC are generally purchased by the customers from the Independent Stores. Amidst the COVID-19 crisis, Over the Counter Medicines saw a significant increase in percentage in terms of market share in the product category.

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By Therapeutic Class: Cardiovascular and Anti-Infectives dominated the market in terms of revenue followed by CNS and Vitamins/Minerals and Nutrients in 2020 majorly due to the number of cases and medicine dispensed over the last 5 years.

By Drug Type: Generic Drugs dominated the market in terms of revenue largely due to their affordability and availability to the customers in their nearby stores. On the other hand, patented drugs in the market are generally being recommended by the doctors and are usually taken for chronic diseases.

By Region: New South Wales and Victoria accounted for more than ~% share in terms of revenue and Number of Stores in 2020. Region dominated as a result of major number of locations in these regions, higher number of Pharmacists and also because of High population in the region.

Australia Pharmacy Retail Market Competition:

Competition in Pharmacy Retail Market in Australia is moderately concentrated with support from Banner Groups in terms Supplies and other Technology related Backups. Pharmacy Chains are scattered across multiple regions in Australia. Top 3 players capture ~% share in the overall Industry Revenue and in terms of Number of Stores. Players in Pharmacy Retail Space competing on the basis of Number of Customers in a day, Average Basket Size, Number of Products Offered, Type of Services, Geographical Locations, Number of Stores, Online Presence, Home Delivery, Value Added Services etc.

Australia OTC Pharmacy Retail Market Future Outlook and Projections:

Over the forecast period, Australia Pharmacy Retail Market is expected to reach ~AUD Mn i.e. with a CAGR of ~% in terms of Revenue as a result of expected Growth in Proportion of Population More than 60 Years old, Growing per capita health expenditure, number of Pharmacy Stores, growth in customer footfall, Growth in Number of Insured Patients, Tele consultations and E- Prescriptions.

In addition to that Growth in Healthcare Expenditure along with multiple strategies implemented by Pharmacies such as opening of store for 24/7 will complement the Revenue Growth in the industry. Market in terms of Number of Pharmacy Stores and Revenue will witness a single digit growth rate in future. The market in terms of Number of Stores is anticipated to reach with a CAGR of ~% during 2020-25.

Australia Online Pharmacy Landscape

Online Pharmacy Market in Australia is growing over the years & have increased significantly as a result of Increased confidence in online shopping, as lockdown restrictions forced consumers online, is also expected to have boosted demand for industry operators.

Key Topics Covered in the Report: –

·         Overview of Australia Pharmacy Retail Market

·         Trends and Growth Drivers in the Industry and Challenges Faced

·         Australia Pharmacy Retail Market Size and Segmentations, 2013 – 2019

·         Ecosystem and Value Chain of Pharmacy Retail Market in Australia

·         Distributors & Wholesalers Landscape in Australia Pharmacy Retail Market

·         Industry SWOT Analysis

·         Australia Online Pharmacy Landscape

·         Pharmacy Information System Software Landscape

·         Case Study- Pharmacy Banner Groups

·         Telemedicine & Online Consultations Snapshot

·         Contraceptive Demand among Customers in Australia

·         Cross Comparison between Major Players and Company Profiles

·         Future Market Size and Segmentations, 2020P-2025F

·         Covid-19 Impact on the Industry & the Way Forward

·         Analysts’ Recommendations

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

Top Retail pharmacy Companies in Australia

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5 Key Insights on US$ 35 Bn Opportunity in Global Refractories Market

 Driven by the Strong Mechanical Strength, and Growing Demand from the Iron and Steel Industry the Global Refractories Market is forecasted to Cross US$ 35 Bn by 2028 says Ken Research Study.

Refractory materials are non-metallic minerals possessing chemical and physical properties.  It is resistant to decomposition by heat, pressure, or chemical attacks and retains its strength and form. Refractories are more heat resistant than metals and are used to line the hot surfaces inside industrial processes. “Ken Research shares 5 key insights on this high opportunity market from its latest research study”

1.  The Soaring Infrastructure Development and Growing Steel Industry Augmenting the Demand Refractories

The Global Refractories Market is expected to witness positive growth during the forecast period, owing to its strong mechanical strength and its resistive property of decomposition by heat, pressure, or chemical attacks.

According to Ken Research estimates, the Global Refractories Market is estimated to be about US$ 25 Bn by 2022 and is expected to grow further to more than US$ 35 billion opportunity by 2028, witnessing growth at a CAGR of 5% during the forecast period 2022- 2028. Asia- Pacific is the most dominating region in the global refractories market. As the refractories market has no alternative and has wide applications, therefore it holds a minimum threat to be replaced by any substitute in the near future.

According to the World Refractories Association, one ton of steel requires approximately 10-15 kg of refractories to line the furnace in which it is produced. Without the protective material property of refractories, the furnace could not contain the molten steel.

2.  Iron and Steel Surge in Automotive Sector Drives the Market Growth; High Demand for Refractories Observed

The demand for refractories is increasing due to an increase in demand for various industries like the automotive industry, energy and chemical industry, and others. The rise in demand for iron and steel in the automotive industry due to the surge in EVs is adding to the growth of the refractories market.

Organisation Internationale des Constructeurs d’ Automobile (OCIA), in 2021 quoted approx. 80.15 million vehicles were produced around the world, witnessing a growth rate of 3% compared to approx. 77 million vehicles in 2020, thereby enhancing the consumption of refractories for the manufacturing of vehicle body parts.

3.  Overdependence on the Iron and Steel Industry, Companies Face Limited Opportunities in Market Expansion

The over-dependence of the refractories market on the iron and steel industry is a major challenge for the refractory market. The lining of a reactor, transport vessel or kiln uses a wide range of refractory products including bricks, monolithic, and high-temperature insulation wool. Refractories provide mechanical strength, protection against corrosion, and thermal insulation.

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According to World Refractories Association, 70% of the refractories are sold to the steel industry and the rest 30% of the share is covered by other end users like power generation, cement, glass, petrochemical, chemical, and paper & pulp. Thus, the downfall of the iron & steel industry would lead to a decline in the refractories market, restraining the market to grow.

4.  A Significant Market Share held by the Brick and Shaped Segment, Also Likely to Showcase High Growth

The Refractories market is anticipated to be dominated by the brick and shaped segment during the forecasted period. The shaped bricks are specially made for particular kilns and furnaces and are generally machine-pressed. Furthermore, owing to its high use in metal and non-metal industries, the brick and shaped segment is likely to hold a significant market share.

For instance, according to China’s Five-Year Plan unveiled in January 2022, the construction industry is estimated to grow at a CAGR of 6% in 2022, hence indicating more production of steel leading to the growth of brick and shaped segment.

5.  Asia Pacific Recognized as Largest Regional Market, Manufacturing and Industrialization Chipping in Aggressively

Asia Pacific is expected to dominate the Global Refractories Market during the forecast period. In Asia Pacific region, China is the largest economy having a large number of manufacturing and production industries in the world. As China possesses local availability of raw materials it dominates the refractories market in terms of consumption and production.

According to World Steel Association, China is the largest producer of steel in the world. The country's annual crude steel production capacity stood at 1,032.8 metric tons in 2021, registering more than 50% of global production, thus creating market opportunities for refractories in the country. Furthermore, China is experiencing massive growth in its construction sector. According to the National Bureau of Statistics of China, in 2021, the construction output in China was valued at approx. US$ 4 trillion, hence driving the demand for the refractories market.  

For more information on the research report, refer to the below link:

Global Magnesite Brick Refractories Market

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Indian Aquaculture Feed Market is expected to expand at a CAGR of ~4.2% on the basis of Revenue in between FY’22-FY’27E: Ken Research

 

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• Increasing awareness on health and hygiene is resulting in people consuming residue-free food, which is building pressure on exporters to grow seafood that is good for health. This has a positive impact on the aqua feed industry as quality feed and fish seeds for aqua species will contribute in the growth of these species without any diseases.
• Shrimps form the major chunk of aqua culture market in India. In FY’20, frozen shrimps export contributed to the majority share of 51% as compared to other fisheries product such as frozen cuttle fish, frozen squid and frozen fish among others. 
• Due to the massive contribution of shrimps to the overall aqua culture market, aqua feed manufacturing companies have initiated the process of focusing on producing larger amount of shrimp feeds to cater to the domestic as well as international demand.

Demand of Seafood will thrive the need for aquaculture feed in the coming years The coastal line of the country is about 7,517 kilometers with 195.2 kilometers of river and canal systems. The country consists of 14 rivers, 44 medium rivers, and many small rivers. As aquatic items occupy a specific position in the market, India will witness a surge in demand for seafood. As a result, market demand for aquaculture feed will be driven by population growth, rising income, and fast urbanization, which will create a strong need for aquaculture feed for farming.

Higher Production of Carp to aid the Aquafeed Industry in the country

Based on species, carps account for a significant share in the industry and are likely to witness a significant growth in the forecast period. This can be attributed to the growth of the freshwater aquaculture segment in the country, which significantly contributes to the total annual aquaculture production. The favorable government initiatives to increase the productivity of aquaculture are aiding the segment growth. For instance, the fish farmers in Orissa have been able to double their production owing to the ongoing carp intensification Programme, supported by World Fish and the state government. Moreover, the growing popularity of carp spawn feed, carp fry feed, carp grow-out feed, and carp brood feed are expected to further aid the segment growth in the forecast period.

Increasing demand for Aquaculture feed ingredients to fuel the growth

On the basis of ingredient, the soy and fish oil segment is anticipated to account for a considerable share in the market. This can be attributed to the increasing demand for the product in the shrimp feed industry formulations. India is one of the leading global shrimp producers. The increasing consumption of seafood is likely to aid the market growth in the forecast period. Meanwhile, the fishmeal segment is estimated to grow significantly in the forecast period, owing to the production of high-quality fishmeal for small-scale aquaculture. Furthermore, it is a low-temperature meal, which is produced by steam drying, which makes it highly digestible. Also, it facilitates rapid growth, therefore, it is also suitable for salmon farming. The demand for aquafeed is likely to witness a significant growth in states like Andhra Pradesh and West Bengal owing to the flourishing aquaculture industry. The rising fish farming in West Bengal is likely to generate a healthy demand for aquafeed in the forecast period.

Surging Exports due to higher requirement of better-quality seafood

The aquafeed market in India is being driven by the thriving aquaculture sector in the country. The aquaculture industry in the region can flourish only if all the aquatic animals are well fed with proper nutrition. The vitamins and minerals present in aquafeeds are essential for the growth of aquatic animals. Over the forecast period, the increase in domestic consumption as well as the export of fishes is expected to aid the market growth. Also, different species require different types of animal feed, which depend on their body structure, temperature, and weight of the organism. Therefore, the increasing demand for aquafeed to boost fish production is expected to provide a further impetus to the market in the forecast period.

Future Opportunities for Indian Aquaculture Feed market players

Organic Fish Farming is in its initial stage of development. Organic fish production emphasizes on chemical-free, genetically modified products and pesticides.  It also ensures animal welfare by decreasing the stocking density. The use of organic fish feed helps in raising aquatic animals in more sustainable manner. In recent years, it has been observed that the consumers inclination towards organic food has increased significantly and hence production of organic feed serves as an immediate opportunity for the players to cater the ever-increasing user base due to surging awareness among the country residents about health consciousness and organic food. The publication titled ‘India Aquaculture Feed Market Outlook to 2027: Driven by surging demand of shrimps, increasing exports and shifting preference towards consuming quality seafood” provides a comprehensive analysis of the aquaculture feed market by analyzing historical statistics and corresponding developments in the aqua feed industry. The report covers various aspects including aquaculture feed market size on the basis of revenue, average price of aqua feed, overview of the market, ecosystem, operating model of aquaculture industry, value chain analysis of aquaculture feed market, products and services of aquaculture feed companies in India, types of different aquaculture feed, growth trends and developments, Porter 5 Forces Analysis, government initiatives, SWOT analysis, impact of COVID-19, and risk factors governing the future outlook of industry. Insights on competitive landscape of aquaculture feed market and cross comparison between major players operating in the ecosystem is also covered in the report on the basis of operational and financial parameters such as inception year, headquarters, market revenue, production, market share, strengths, challenges, company overview, total sales, no of employees, unique selling propositions, product portfolio, business model, key features, recent developments and future opportunities. The report also focuses on the India Aquaculture Feed Market Segmentation by Type of Feed (Shrimp Feed, Fish Feed and Others); By Type of Ingredients (Soy, Corn, Fish Oil, Fish Meal and Others); By Region (Andhra Pradesh, West Bengal, Gujarat, Tamil Nadu & Puducherry, Odisha, Maharashtra and Others); By End User (Commercial and Household) and By Distribution Channel (Store Based and Online). India Aquaculture Feed Market report concludes with projections for the future of the industry on the basis of revenue by 2027 and analysts’ take on the future highlighting the major opportunities.

Key Segments Covered in India Aquaculture Feed Market

• By Revenue
• By Average Price of Aquaculture Feed
• By Type of Feed
• Shrimp Feed
• Fish Feed
• Others
• By Type of Ingredients
• Soy
• Corn
• Fish Oil
• Fish Meal
• Others
• By End User
• Commercial
• Household
• By Distribution Channel
• Store Based
• Online
• By Region
• Andhra Pradesh
• West Bengal
• Gujarat
• Tamil Nadu & Puducherry
• Odisha
• Maharashtra
• Other States and Union Territories
• Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTgxNjUw Key Target Audience
• Aquaculture Feed Manufacturing Companies
• Companies in the Aquaculture Industry
• Seafood Companies
• Industry Associations
• Government Bodies
• Time Period Captured in the Report:
• Historical Period: FY’17-FY’22
• Forecast Period: FY’22-FY’27E
• India Aquaculture Feed Manufacturing Players
• Manufacturers
• Avanti Feeds
• Coastal Corporation
• Waterbase
• Zeal Aqua
• Apex
• Adinath Bio Labs Limited
• Devi Aqua Feeds
• Alltech
• BMR
• Cargill
• Biomin
• Novus
• Growel
• IB Group
• P. Group
• Sandhya Aqua
• Devi Aqua Feeds
• Smilax
• Government Institutions and Regulators
• CAA (Coastal Aquaculture Authority)
• CIFNET (Central Institute of Fisheries Nautical & Engineering Training)
• CICEF (Central Institute of Coastal Engineering for Fishery)
• FSI (Fishery Survey of India)
• MPEDA (Marine Products Export Development Authority)
• NFDB (National Fisheries Development Board)
• NIFPHATT (National Institute of Fisheries Post Harvest Technology and Training)
• Government Departments
• MOFHAD (Ministry of Fisheries, Animal Husbandry and Dairying)
• DOF (Department of Fisheries of Respective States & Union Territories) Key Topics Covered in the Report
• Overview of Aquaculture Feed Market in India
• Technological Adaptation in Aquaculture Feed Market in India
• Per Capita Income (INR) in India
• Ecosystem of Major Entities in Aquaculture Feed Market in India
• Operating Model of Aquaculture Industry in India
• Value Chain Analysis of Aquaculture Feed Market in India
• Products and Services of Aquaculture Feed Companies in India
• Types of Different Aquaculture Feed
• Market Size of India Aquaculture Feed Market (Basis Revenue in INR Crore)
• Average Price of Aquaculture Feed (INR)
• India Aquaculture Feed Market Segmentation (By Type of Feed, By Type of Ingredients, By End User, By Distribution Channel and By Region)
• Trends and Developments in India Aquaculture Feed Market
• Issues and Challenges in India Aquaculture Feed Market
• Government Initiatives in India Aquaculture Feed Market
• Porter 5 Forces Analysis of India Aquaculture Feed Market
• SWOT Analysis of India Aquaculture Feed Market
• Impact of COVID-19 on India Aquaculture Feed Market
• Cross Comparison of Major Aquaculture Feed Manufacturing Companies (on the basis of Inception, Headquarters, Market Revenue, Production and Market Share)
• Strengths and Challenges of Major Aquaculture Feed Manufacturing Companies
• Company Profiles of Major Aquaculture Feed Manufacturing Players (Company Overview, Total Sales, No of Employees, Unique Selling Propositions, Product Portfolio, Business Model, Key Features, Recent Developments and Future Opportunities)
• Future Market Size of India Aquaculture Feed Market (Basis Revenue in INR Crore)
• Future Projections of Average Price of Aquaculture Feed (INR)
• India Aquaculture Feed Future Market Segmentation (By Type of Feed, By Type of Ingredients, By End User, By Distribution Channel and By Region)
• Analyst Recommendations

For more information on the research report, refer to the below link: -

India Aquaculture Feed Market Outlook to 2027: Ken Research

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Growing Rural Smartphone Penetration, Technological Advancements and Infrastructural Expansion to Stimulate the Growth of Agritech Industry in India: Ken Research

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• In January 2021, Cropin raised $20 mn in a Series C funding round led by Singapore-based PE firm, ABC World Asia. The company aims to use the latest funding for global expansion & driving the European market.
• Agritech startup Dehaat acquired FarmGuide, a B2B Software as a Service (SaaS) platform, in February 2021. The company plans to integrate FarmGuide's spatial technology and data science with DeHaat's existing platform to build a full-stack platform for agribusinesses.
• Indore based Gramophone, added a ‘Vyapar’ section to its platform to venture into the output linkage segment and help farmers connect with buyers and sell their produce directly. The startup also plans to expand its presence to Maharashtra, Uttar Pradesh, Telangana, Karnataka and Tamil Nadu by the end of FY’2022.

Augmented Investor Interest: There has been exponential growth in the investments received by startups in the recent years and the momentum is expected to continue for the next few years. Various venture capitalist firms such as Omnivore, Accel, Ankur Capital, Sequioa, Avishkaar, Lightbox among others have been heavily funding startups across all stages. The investment in the sector crosses USD 300 million during 2020, witnessing a CAGR of ~178% over the period 2014-2020. During 2020-2021, various startups such as Waycool, Ninjacart, Dehaat, Arya Collateral, Cropin and more received investments.

Increasing Rural Smartphone Penetration: Approximately 410 million new smartphone users are expected to be added to India’s current user base by 2025, with majority demand coming from rural areas. Factors such as accessibility in vernacular languages and demand for consumption of entertainment content through videos and audio are contributing to double digit year-on-year growth in rural smartphone users. This growth will lead to higher number of agriculture related apps being downloaded and in turn is expected to stimulate higher adoption of agritech solutions in future.

Geographical Expansion: Agritech start-ups are expected to expand their geographical presence to various states across India most initial pilot projects in few states. The move would enable platforms to increase their penetration & establish a stronger brand name in farming communities. Precision farming, advisory and analytics players are expected to also focus on international expansion.

Analysts at Ken Research in their latest publication “India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)” observed that there has been a surge in the number of agritech startups in India in the last decade with factors such as growing smartphone & internet penetration in the rural areas positively impacting the industry’s growth. Technologies such as artificial intelligence, machine learning, IoT, geo tagging, satellite imagery, remote sensors, etc are being increasingly used to develop efficient solutions to solve the pain points of farmers. There has also been growing interest from venture capitals as well as international investors in the sector. The Agritech Industry in India is expected to grow at a CAGR of ~32% on the basis of revenue over the forecast period FY’2020-FY’2025.

India Agritech Market (Basis Revenue):-

India Agritech Market Segmentations

By Nature of Services, FY’2019-FY’2020 (On the basis of Revenue)

Input Market Linkage & Farming as a Service (FaaS)

Supply Chain, Post Harvest Management & Output Market Linkage

Precision Farming, Advisory & Analytics

Agri Fintech

By Region (On the basis of No. of Agritech Startups)

Karnataka

Maharashtra

Delhi NCR

Haryana

Tamil Nadu

Telangana

Gujarat

Others

Agritech Startups Covered:-

Input Market Linkage & Farming as a Service (FaaS)

Agrostar

Dehaat

Gramophone

EM3 Agriservices

Gold Farm

Bighaat

Thanos Technologies

Supply Chain, Post Harvest Management & Output Market Linkage

Samunnati Agro

Ninjacart

Waycool

Arya Collateral

Dehaat

Farmlink

Crofarm

Agrowave

Precision Farming, Advisory & Analytics

Cropin

Satsure Analytics

Intello Labs

FarmERP

AgNext

BharatAgri

Yuktix Technologies

Fasal

Agricx

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Agri Fintech

Samunnati Financial Intermediation & Services

Origo Finance

Ergos

Gramcover

Aryadhan Financial Solutions

Farmart

Jai Kisan

Poultry & Dairy Tech

Milk Mantra

Country Delight

Stellapps

Happy Cow Dairy

Eggoz

Mr. Milkman

Mooofarm

Key Target Audience:-

Agritech Companies

Input Manufacturing Companies

Venture Capital Firms

Independent Investors

Industry Associations

Rural Banks & NBFCs

Government and Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: FY’2019-FY’2020

Forecast Period:  FY’2021-FY’2025

Key Topics Covered in the Report:-

Agriculture Overview, Agri Exports from India & Productivity Scenario

Demand Analysis, Farmers’ Scenario & Pain Points of Farmers

Need Analysis of Entities in Agribusiness Value Chain

Overview and Genesis of India Agritech Industry

Agritech Operating Model & Services Offered

Trends and Growth Drivers in the Industry and Challenges Faced

India Agritech Market Size and Segmentations, FY’2019-FY’2020

Investment Analysis of Agritech Industry

Government Initiatives, Agri Reform Laws 2020 & Public Private Partnerships

Industry Porter’s Five Forces Analysis

Cross Comparisons between Agritech Players in Different Segments

Future Market Size and Segmentations, FY’2020-FY’2025F

Covid-19 Impact on the Industry, Future Trends & the Way Forward

Analyst’s Recommendations

For more information on the research report, refer to below link:-

India Agritech Market

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Ankur Gupta, Head Marketing & Communications
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+91-9015378249

Indian Crypto Exchange Market is expected to expand at a CAGR of ~30% on the basis of Revenue in between FY’22-FY’27: Ken Research

 

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• Crypto currencies will come up as a medium for cross border remittances which will reduce the fees involved in transaction
• Crypto currencies can be seen as an alternative medium of foreign exchange in the coming future due to the higher flexibility specially for unstable currencies

Cross-border Remittances

Cryptocurrency as a cross-border payment medium will make a big difference in the Indian market. Due to great remittance demand, it will drive the prosperity of digital currency growth in India for a long time. Since cross-border transactions traditionally carry high fee using bitcoin or other cryptocurrencies as a cross-border payment medium, Indians can save a large number of remittance fees

Online and Offline (OnO)

In near future, users will be able to spend their cryptocurrency to purchase products, vouchers, pay bills and do even more at discounted rates on all major e-commerce websites around the world. Such purchases & transactions would be aided by a browser plugin that helps buyers calculate the real-time value of an equivalent amount of cryptocurrency to be paid in fiat for the purchase. Providing support for online and offline purchases  by crypto exchange platforms could pave as traction for users which serves as an immediate opportunity of crypto exchange platforms  and enabling offline purchases could be made possible by virtual currencies tying up with local merchant

Strict Foreign Exchange Regulations

Due to strict foreign exchange regulations, it is complicated to convert rupee directly to US dollars. The value of Indian rupee is not stable, especially during the Covid-19 pandemic. The exchange rate between rupee and USD continued to rise, causing the former to enter constant depreciation. Therefore, most Indians will choose to convert rupee to bitcoin & then to US dollars (a more stable fiat currency) through C2C trading platforms such bitcoins which paves a way for crypto exchange platforms to increase their user base.

Central Bank Digital Currency

There has been an increased adoption of CBDCs (Central Bank Digital Currency), with India also now moving on the path of having its own CBDC by the year 2023 (as per the address by Finance Minister of India in the Union Budget for FY 2022-23). India’s high currency to GDP ratio holds out another benefit of CBDCs. To the extent large cash usage can be replaced by CBDCs, the cost of printing, transporting, storing and distributing currency can be reduced

Future Opportunities for Indian Crypto Exchange Platforms

With increasing operational efficiency of crypto exchange platforms, higher liquidity and transparency in financial payments, crypto exchange platforms have a huge opportunity to cater the ever-increasing user base due to surging awareness among the country residents leading to wide scale adoption of virtual currency in India.

The publication titled “Indian Crypto Market Outlook to 2027: Driven by growing adoption of cryptocurrencies, with high liquidity, proper risk management facilitated by Indian crypto exchange platforms” provides a comprehensive analysis of the crypto exchange industry in India. The report covers various aspects including crypto exchange industry market size on the basis of revenue, market overview, genesis of the market, market potential, value chain analysis of centralized and decentralized exchanges, ecosystem, business model of leading crypto exchanges, growth drivers, issues and challenges, SWOT analysis, major trends and developments, role of government, regulation and tax implications, investment analysis, merger and acquisitions in the last 3 years, segmentation by funding rounds, segmentation by type of institutional investors, segmentation by origin of funding source and impact of COVID-19. Insights on competitive landscape of crypto exchange industry, company profile of major players along-with cross comparison between leading crypto exchange platforms operating in the ecosystem on the basis of company overview, number of employees, revenue generated, number of registered users, country of origin, revenue model, fee structure, key features, strengths, weaknesses and recent developments is also covered in the report. Further report also focuses on the Indian Crypto Exchange Market Segmentation by By Origin of Company, By Type of Transaction, By Geographic Region, By Age Group of Users, By Type of Cryptocurrency. Indian Crypto Exchange Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.

Key Segments Covered in Indian Crypto Exchange Industry

Indian Crypto Exchange Market

• By Origin of Company
• Domestic
• International

• By Type of Transaction
• Regular
• Peer to Peer

• By Geographic Region
• Northern
• Southern
• Eastern
• Western

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• By Age Group of Users
• Below 20 years
• Between 20-40 years
• Between 40-60 years
• Above 60 years

• By Type of Cryptocurrency
• Bitcoin
• Ethereum
• Cardano
• Tether
• Binance Coin-USD
• Polygon

• Segmentation of Funding rounds by – Seed Stage, Early Stage, Growth Stage,2019-2021
• Segmentation of funding, by type of institutional investors – VC & PE Funds and Angel Investors,2019-2021
• Segmentation of Funding by Origin of Funding Source, Entry of International Exchanges,2019-2021

Indian Crypto Demand Side: End User Analysis

• Target Addressable Market, Service Addressable Market and Service Obtainable market in the Indian Crypto Exchange Industry

Key Target Audience

• Crypto Exchange Platforms
• Investors such Venture Capitals and Angel Investors
• Traders
• Banking Institutions
• Regulatory Bodies
• Potential Crypto users

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2022-2026F

Indian Crypto Exchange Industry Players/Ecosystem

• Indian Crypto Exchanges
• CoinDCX
• ZebPay
• WazirX
• CoinSwitch Kuber
• Unocoin
• BuyUCoin
• Bitbns
• Giottus
• Flitpay
• Belfrics
• in
• PCEX Member

• Non-Indian Exchanges
• Binance
• Okx
• Coinbase
• Kraken
• Bitfinex
• Bitstamp
• Vauld
• Coinmama
• Coinstore

Key Topics Covered in the Report

• Overview and Genesis of Indian Crypto Exchange Market
• Market Potential of Indian Crypto Exchange Market.
• Ecosystem of Major Entities in Cryptocurrency Exchange Market
• Value Chain Analysis of Centralized Exchanges
• Value Chain Analysis of Decentralized Exchanges
• Business Models of Major Indian Crypto Exchange
• Indian Crypto Exchange Market Size on the basis of Revenue and Total Transaction Value
• Indian Crypto Exchange Market Segmentation (By Origin of Company, By Type of Transaction, By Geographic Region, By Age Group of Users, By Type of Cryptocurrency)
• Domestic Consumer Demographics: Age group, Gender and Occupational Domains

• Consumer Perception: User-Interface, Customer Experience and Delighters

• Preference for P2P Vs Regular Transaction model for Cryptocurrencies in India
• Trends and Developments in the End User Preferences in the last 5 years
• Growth Drivers of the Indian Crypto Exchange Market
• Issues and Challenges
• Role of Government in the Indian Crypto Exchange Market
• Regulations and Tax Implications in the Indian Crypto Exchange Market
• SWOT Analysis
• Start-Ups (Split by Year of Formation) across Indian Crypto Exchange Market and Other Ecosystem Players
• Segmentation of Funding rounds by – Seed Stage, Early Stage, Growth Stage
• Segmentation of funding, by type of institutional investors – VC & PE Funds and Angel Investors
• Segmentation of Funding by Origin of Funding Source, Entry of International Exchanges
• Investment Analysis of the Indian Crypto Exchange Market, Mergers and Acquisitions in the last 3 years within the Indian Crypto Exchange Market
• Cross comparison of major players in the Indian Crypto Exchange Market (Year of Establishment, Number of Employees, Revenue Generated, Number of Registered users, Country of Origin)

Company Profile of leading Indian Crypto Exchange Platforms (Company Snapshot, About the Exchange, Revenue model, Fee structure, Key Features, Strength, Weakness, Recent Developments and Key Takeaways)

• Impact of Covid-19 on the Indian Crypto Exchange Market
• Target Addressable Market, Service Addressable Market and Service Obtainable Market in Indian Crypto Exchange Industry
• Analyst Recommendations
• Industry Speaks

For more information on the research report, refer to the below link: -

Indian Crypto Exchange Market Outlook to 2027:Ken Research

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3 Key Insights on Competitive Landscape in Global Refractories Market

 Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Refractories Market by Ken Research

Refractory is a material that, at high temperatures, is resistant to decomposition by heat, pressure, or chemical attack and retains strength and form. Refractory materials can withstand heavy thermal, mechanical abrasion, and chemical corrosion at high temperatures. It is used for various industries like iron and steel, cement, glass, paper, and pulp industry.

Ken Research shares 3 Key Insights on the Competitive Landscape of this high opportunity market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, While Regional Companies Hold 30% Share in 2021.

A comprehensive competitive analysis conducted during the Research Study found that the Global Refractories Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in refractories manufacturing for multiple end-user industries. The country’s niche players in the refractories market mainly focus on strong R&D to identify and service small segments of the market in developing countries, especially in India, China, and South Asian countries.

RHI Magnesita, IMERYS, and Puyang Refractories Group Co. Lt. are among the leading players in the refractories market globally.  

Acquisition and Mergers Drive the Major Players in formulating their key strategies

Detailed comparative analysis of key competitors available within the Research Study shows that numerous companies such as IMERYS, Vesuvius PLC, Morgan Advanced Material, and more are highly focused on providing a significant number of refractories solutions and advanced techniques that can be used across end-user industries. Furthermore, Numerous companies and organizations are strategically going for multiple acquisitions and mergers.

• In Aug 2020, IMERYS, a company with a specialty in the mineral industry signed an agreement for the acquisition of the remaining 60% of Haznedar group, a Turkish-based high-grade monolithic refractories, and refractory bricks manufacturer. With this, it will expand into basic and acidic refractory bricks and extend its competitive production base in Turkey, strategically located between Europe, the Middle East, and Africa.
• In December 2021, Vesuvius PLC, a global leader in molten metal flow engineering and technology serving the steel and foundry industries acquired Universal Refractories, Inc. With this acquisition Vesuvius is likely to expand its presence amongst electric furnace steel producers, further strengthening its foundry business in North America.

Covid-19 Pandemic Limited Refractories Growth, Affecting Manufacturing Plants

Refractories product manufacturing declined during the Covid-19 pandemic. The initial spread of the virus led to the shutdown of iron and steel, cement, and glass manufacturing plants. The reduction of this material led to the shortage of refractories production, as the construction in various countries stopped. The manufacturing and construction industry also witnessed a shortage of employees, thus slowing down the production of cement and glass companies resulting in the decline of refractories products.

According to the National Bureau of Statistics of China, in 2021, China’s investment in residential construction was valued at approx. US$ 1,745 million with a 6.4% increase compared to the previous year, thus indicating the rise in the construction industry post-pandemic, providing the growth opportunity for the refractories market.

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Government Initiatives, Strategies, and Investments Fueling Growth in Refractories Market

The various initiatives and policies adopted by the government of India, which is likely to boost refractory manufacturing during the forecast period.

• As per the Indian Union Budget 2022-23, the allocation of US$ 18.84 billion in roads and US$ 26.74 billion in railways is likely to boost the demand for refractory products.
• Government Reforms such as “Aaatma Nirbhar Bharat” and “Make in India” programs, are expected to drive the refractories manufacturing.
• In July 2021, the Union cabinet approved the production-linked incentive (PLI) scheme for specialty steel. The scheme is expected to attract investment worth US$ 5.37 billion and expand specialty steel capacity by 25 million tons, to 42 million tons in FY27 from 18 million tons in FY21.

For more information on the research report, refer to the below link:

Top Leading Companies in Refractories Market

Related Report –

Global Natural Fiber Reinforced Composites Market

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Malaysia Dental Services Market, Industry Growth, Revenue, Outlook to 2026F: Ken Research

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How Is Dental Services Market Positioned In Malaysia?

The growth in the Malaysia Dental Service has been steady over the years, the factors that were responsible for this growth were rise in the economy and awareness related to oral hygiene. There has been a downfall in the Malaysia dental services market due to Covid-19 as many dental clinics were not operating under normal conditions. The Government of Malaysia only allowed emergency cases to be addressed by the dental clinics during the lockdown and the dental facilities were used as quarantine centers.

However, due to Covid-19 the dental services market in Malaysia evolved in terms of technology. Tele dentistry was also considered a solution to the challenges imposed during Covid-19. Presently, the market is in growing stage and recovering from Covid-19. The other factors that are involved in the growth of the dental services in Malaysia are rising dental awareness, better standards of living and rise in disposable income. Government initiatives such as National Oral Health Plan (2021-2030) to address the concerns are aiming to improve the oral health of Malaysians. Owing to the shortage of Dental Professionals, the Government planned on increasing the number of dental schools and took initiatives such as compulsory public service from all graduates. However, lack of dental awareness, unmet demand for dental services and lower accessibility in rural areas of Malaysia poses major challenges in Dental Services Market.

Malaysia Dental Services Market Segmentation

By Type of Services

Services such as Endodontics and Orthodontics dominate the market share followed by others. Major contribution in the market share from procedures such as root canal, as people in their late 30s face a lot of issue of bacterial infection due to lack in oral health awareness.

By End Users

The end users in the Malaysia Dental Services market are Hospitals and Dental Clinics. Hospitals have significantly lower share than compared to dental clinics as patients prefer to go to dental clinics for dental services (treatments) while they only visit the hospitals for major dental surgeries.

By Dental Clinics

The Malaysia Dental Services can be further classified into Unorganized Dental Clinics and Organized Dental Clinics.

By Revenue

The Dental Services Market generates revenue from the Domestic Market as well as International Market.

By Cities

Selangor and Kuala Lumpur generate the highest revenue in the Malaysia Dental Service Market followed by the others.

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Competition Landscape in Malaysia Dental Services Market

The Dental Service Market is highly fragmented and is home to thousands of clinics that are divided into organized and unorganized dental clinics. Additionally, these clinics are competing on parameters such as Number of Clinics, Number of Dentists, Clinic Presence, Number of Appointments, Timings, Peak Hours, Mode of Booking, Services Offered, Treatments offered, Insurance partnerships. The companies such as St Tiew Dental Group, Q&M Dental and Dent Care hold major market share in organized dental clinic segment.

What is the Future Outlook of Malaysia dental services Market?

Malaysia dental services market is expected to register a positive CAGR during 2021-2026F owing to increasing dental awareness, better standards of living, government policies, rise in disposable income and increasing consciousness of the population towards looks. The growth is anticipated to be driven by treatments like Root Canal, Dental Implants and other Cosmetic Dentistry services such as Whitening, Filling and Veneers.

The Cosmetic Dentistry segment is expected to witness the fastest growth at a CAGR of ~% over the period 2021-2026F, owing to the rise in consciousness of population towards looks and appearance. Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies, including dental caps, dentures, and drills.

Key Segments Covered in the report:-

Malaysia Dental Services Market

By Type of Services

Endodontics

Orthodontics

Prosthodontics

Cosmetic Dentistry

Periodontics

Others

By End User

Hospitals

Dental Clinics

By Dental Clinics

Organized Clinics

Unorganized Clinics

By Revenue

International Revenue

Domestic Revenue

By Cities

Selangor

Kuala Lumpur

Johor

Penang

Other Malaysian Cities (Malacca, Kuantan, Ipoh, Kinabalu etc.)

Key Target Audience:-

Dental Clinics

Dental Equipment Manufacturers and Distributors

Dentists

Hospitals

Market Research and Consulting Firms

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

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Time Period Captured in the Report:-

Historical Period: 2018-2021

Forecast Period: 2021-2026F

Companies Covered:-

St Tiew Dental Group

Q&M Dental

i-Care Dental

Dentabay

My Dental Care

Syarifah Dental Clinic

Artius Dental

Benchmark Health

Pristine Dental Clinic

Dent Care

Klidc

Living Well Dentistry

For more information on the research reports, refer to below link:-

Malaysia Dental Services Market

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Ankur Gupta, Head Marketing & Communications
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