Thursday, April 13, 2023

Will Liquid Packaging Industry in India sustain the shift of sustainable packaging in the future?

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India’s Liquid Packaging Market has been gaining good momentum in the last four years due to the rapid growth in the consumer market, especially in Food and Beverages, Pharma, Liquor, Personal Care, and Household Care.

Based on Ken Research’s study on the Liquid Packaging sector of India, a shift towards sustainable packaging is expected to rise in the coming years. Here is a glimpse of how the material used for packaging, polymers will become the new normal in the packaging segment over the next few years.

1.  The Indian liquid packaging market is over 37K crore industry registering growth of 7% in last 3 years

2.  Players enjoy the freedom of switching the packaging materials of their products due to the variation in the price per unit

Pricing analysis between different packaging materials

  • From a pricing/cost aspect, glass and metal cans can be easily considered by the customers to be substitutable/interchangeable. For instance, the cost of procuring glass packaging materials for packaging 200 ML of Thums Up by Coca-Cola stands at around INR 8. While the cost of procuring metal cans for packaging 200 ML of soft drinks by Coca-Cola stands at around INR 10. Thus, there is no significant difference from a pricing standpoint for companies like Coca-Cola that sells liquid in different packaging materials (glass, PET, metal).
  • In fact, the price of PET bottles is much cheaper than that of glass bottles and is sold at around INR 3.5 per bottle. Thus, companies enjoy the liberty to switch between suppliers based on their requirement for packaging materials.

 

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3.  Due to cost convenience and sustainability reasons, not only Coca-Cola but Alcoholic beverages, which traditionally relied on glass packaging are also slowly moving to PET and tetra packs.

Use Cases of same liquid being packaged in glass and other packaging materials

4.  Pharma and beverage companies are also more invested in sustainable packaging solutions due to environmental concerns

Use Cases of same liquid being packaged in glass and other packaging materials

5.  As a result, the Glass packaging segment is losing its market share to Metal and Tetra Pak, enabling sustainable packaging-the future of India’s Liquid Packaging sector.

The Future of Liquid Packaging

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India Liquid Packaging Market

 

Antimicrobial Additives and Commercial Sector Growth: The Dual Drivers of Global Plastic Pipes Market Expansion over 100 Bn in 2022 – Ken Research

 Global Plastic Pipes Market is expected to growth at a robust CAGR in next 5 years, says a report by Ken Research.

1. Trend of using antimicrobial additives for plastic pipes to prevent diseases is catching attention in PVC market globally.

To improve hygiene, construction companies are increasingly using antimicrobial additives in plastic pipes. Concerns are growing about the consumption of drinking water delivered via PVC and PEX pipes used in residential and commercial buildings. The main concerns are the leaching of chemicals, which can give water a plastic taste, as well as the leaching of bacteria, which can inhibit the growth of waterborne diseases. Antimicrobial additives prevent chemical leakage into the drinking water supply and inhibit the growth of major waterborne disease sources such as harmful bacteria, fungi, mould, and algae. Polypipe, Parx Plastics N.V., and Polyone are among the major manufacturers of antimicrobial additives for plastic products.

Global Pharmacy Retail Market

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2. In contrast to China, which is expected to grow at a 6.3% CAGR, the U.S. market is estimated to be worth around USD 5-10 Bn.

Global Pharmacy Retail Market 

According to estimates, the American market for plastic pipes was worth around USD 5-10 Bn in 2020. China, the second-largest economy in the world, is anticipated to reach a projected market size of more than USD 20 Bn by the year 2027, growing at a CAGR of 6.3% from 2020 to 2027. Japan and Canada are two more important geographic markets, with growth rates of 4% and 4.7%, respectively, expected between 2020 and 2027. Germany is anticipated to expand within Europe at a CAGR of roughly 4.8%.

3. More than one-third of pipe market sales are expected to come from the commercial sector.

Global Pharmacy Retail Market

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Throughout the anticipated period, the pipes market will be dominated by the commercial sector in terms of end use. By 2032, the commercial sector will have a value-based share of more than 33.3%. The growth of the pipes market will be facilitated by the expansion of commercial infrastructure across developing nations like India, China, and Japan. Additionally, the use of pipes to upgrade the infrastructure will be accelerated by increased expansion in the residential and commercial sectors across the U.S., the U.K., and other industrialized nations.

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Global Plastic Pipes Market

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Global Pharmacy Retail Market is standing strong at $ 600 Billion in 2022– Will it be able to achieve the trillion-dollar mark by 2027?: Ken Research

 The global Pharmacy Retail market was valued at USD 600 Bn in 2022 and is projected to reach USD 1 trillion by 2027.  

The COVID-19 pandemic has fueled growth in both traditional pharmacy retail outlets and online pharmacy channels. Medical retail outlets were classified as essential services globally, but due to the virus's fear, online pharmacies emerged as the most dynamic channel for obtaining drugs and devices. The online pharmacy sector has seen an increase in orders for medical devices, personal protective equipment, health supplements, and common drugs as a result of the various waves of COVID-19.

Global Pharmacy Retail Market - Ken Research

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1. People aged 65+ are projected to grow to nearly 1 billion in 2030, with most of the increase in developing countries, which will drive retail pharmacy growth

Global Pharmacy Retail Market - Ken Research

According to the Office of Disease Prevention and Health Promotion, the first Baby Boomers (those born between 1946 and 1964) turned 65 in 2011. By 2030, it is projected that more than 60% of this generation will be managing more than 1 chronic condition. Managing these chronic conditions, along with a patient’s level of disability, will increase the financial demands on our healthcare system which will increase the stress on the pharmacy chain industries.

2. With the increasing population growth in Tier II and Tier III cities, there is an untapped potential for retail pharmacies in their market

Global Pharmacy Retail Market - Ken Research

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E-Pharmacies still have a lot of scope for expansion in tier II and III cities, that can be achieved by making huge investments for the improvement of logistics channels in these cities. Presently, close to 55% of the global population today is living in tier-2 & tier-3 cities. In such areas, the local pharmacy becomes the go-to place for all healthcare services. Furthermore, statistics show that for every 1000 people, there is 0.83 pharmacist available. Since many doctors are not able to reach people living in tier-2 & tier-3 cities, local pharmacies can become huge healthcare support by going online and providing quick, trusted, & efficient healthcare solutions.

3. Digiceutical Apps Also known as “digital therapeutics” are Improving patient outcomes through convergence

Global Pharmacy Retail Market - Ken Research

In 2018, there was a massive growth in investment in the field of digital therapeutics, and the Food and Drug Administration (FDA) has actually been on board with the trend for quite some time as well. In late 2017, they launched a digital health pilot program, which included 9 companies. Among the participants were the big guys like Apple, Samsung, and Johnson and Johnson, yet small-but-mighty startups were also included. One such startup is Pear Therapeutics, which has already received FDA approval for two of its app products; one for substance abuse, and the other specifically for opioid use. The goal of the program is to soften the regulatory requirements for digital health companies with proven records of developing and testing quality products.

4. Huge E-commerce websites like Amazon are becoming a threat to other pharmacies’ retail stores worldwide

Global Pharmacy Retail Market - Ken Research

The company is a threat to retail pharmacies on multiple fronts. Initially, the emergence of Amazon.com gave consumers less of a reason to do in-person shopping for general merchandise. Then the company got into the prescription game with its 2018 acquisition of PillPack and the 2020 launching of Amazon Pharmacy and an Amazon Prime prescription discount benefit. And then, just a few months ago, Business Insider reported that Amazon was looking to create physical pharmacies. Whether that comes to fruition — and what it would look like — remains to be seen, but one thing is clear: Amazon will continue to be a thorn in the side and strain the bottom line of retail pharmacies.

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Global Pharmacy Retail Market

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How Online Shopping in Germany is driving the e-commerce logistics spend in next 5 years?

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Germany E-Commerce Logistics industry is a developed market driven by the tailwind spend of internet users online. The e-commerce industry sustained growth is indicating how the logistics infrastructure and business model in Germany is evolving. Ingrown domestic demand is leading to higher courier and parcel shipments in country while neighbouring countries orders from Netherlands, Poland and Austria, etc is driving the international e-commerce shipments.

At Ken Research, we’ve been closely monitoring the country’s e-commerce and last mile logistics landscape, and we see areas that are growing well and need improvement to drive this market multi-fold. Read on to learn the key insights of our recent report on what the future of e-commerce logistics spend has in store for Germany in next 5 years.

1. Germany is the 4thLargest Economy in the World; the High Spending Power of the Population also makes it a Strong Market for E-commerce businesses

1.1. The Internet User Penetration in Germany is 88.2% in 2021, with 78.8 Mn Active Internet Users; the Internet User Penetration is expected to reach 93.8% by the end of 2027.

The Internet User Penetration in Germany is expected to reach 93.8% by the end of 20271. The number of social media users in Germany increased by 13% between 2020 to 2021.

2. Germany E-Commerce Market Generated a GMV of € 130.1 Bn in 2021 owing to Rise in Social Media Penetration Rate and Convenience of Home Delivery

Growth Drivers
  • One of the major reasons for consumers to shop online is due to the convenience of home delivery.
  • 24/7 availability of the products is also one of the reasons for the growth of e-commerce retail sales.
  • The increase in smartphone and social media penetration rate along with social media platforms such as Instagram, Facebook and YouTube are also a major driver for growth.
3. The Top Product categories in the Germany E-Commerce Market Consists of Fashion, Electronics, Furniture and Toys, Hobby and DIY products

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4. The German Population is very value conscious, demanding and Aware; Conducts Proper Research before Purchasing, heavily rely on customer reviews and purchase from different sellers for value purchase

5. High Numbers of Orders are Placed from November to January on the account of Cyber Monday, Singles Day, Holiday Season and Post Christmas Sales

6. The Future Trends that are Expected to Contribute to the Future E-Commerce Market in Germany are Creative Advertising, Omnichannel Selling and Supply Chain Optimization

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Germany E-Commerce Logistics Market

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Thailand E-Commerce Logistics Market Outlook 2026F

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South Korea E-commerce Logistics Market Outlook to 2026F

 

How the landscape of the auto finance market is changing in UAE, post-COVID?

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The UAE auto finance market faced a huge impact during COVID-19, but soon the market ramped up as the sales of new vehicles spiked. Presently, growing digital advancements and an increasing number of Finance Aggregators are driving the UAE auto finance industry. Further, the market is expected to grow at a CAGR of ~17% in the coming years.

1. UAE population is constantly rising due to the high number of foreigners settling in the country who prefer owning a car over renting

2.  Customers in UAE prefer buying used vehicles over new ones due to less cost, and similar rates of interest on auto finance loans

3. UAE Auto Finance Market has decreased from 2016 to 2021 at a CAGR of around -7% owing to government regulations, lifestyle changes and the COVID-19 lockdown

4. Monthly payment restrictions, down payment, loan tenure restrictions, and the time consumed in the process are some of the other challenges faced by end-users in UAE Auto Finance Industry

5.  Although the sale and financing of vehicles dropped sharply in 2020 owing to the COVID-19 pandemic, it picked up again in 2021 due to consumers preferring personal vehicles

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6.  Moreover, Online Auto Finance Aggregator Platforms in UAE is emerging in the country post COVID, which is expected to extremely simplify the whole loan application process

7. Rising demand for automobiles, the growing finance industry, and the potential for fintech growth are the major developments in the UAE Auto Finance Industry

8  UAE Auto Finance Market is expected to increase from 2021 to 2026 at a CAGR of ~17% owing to the emergence of new and improved technologies

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UAE Auto Finance Market
Related Reports By Ken Research:-

Egypt Auto Finance Market Outlook to 2027

Malaysia Automotive Finance Market Outlook to 2026

Philippines Auto Finance Market Outlook to 2026

Internet Penetration Sets the Path for Used Car Sales to Cross More Than 450,000 Units by the Year 2026: Ken Research

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The Philippines Used Car Market is Expected to Grow at A CAGR Of 7.6% In the Next Five Years in Terms of Used Car Units Sold by the Year 2026, as per findings released by Ken Research.

1. 75 Mn Active Social Media Users: Social Media Spurring Demand for Pre-Owned Cars in Unorganized Market.

Philippines Used Car Market

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Among the country’s population of more than 105 million as of January 2020, there are almost 75 million internet and active social media users. This accounts for 67% of the total population. The online social media websites and chat windows in Philippines are the main growth driver of the unorganized sale of pre-owned vehicles in the country. The reason being that the vehicles can be listed on the personal web pages of the individual car seller which is 100% free of charge. On the other hand, they can approach a freelancer/ multi brand dealer having a Facebook page in the name of their dealership. These free lancers can also list the vehicle for a negligible price point on behalf of the Individual seller. The unorganized market is very big and has thousands of buyers and sellers who are willing to buy used cars due to price differentiation. The example of social media in the country are-Facebook, Car Finder and WhatsApp Chat.

2. The Market Share of Online Channel in Organized Market is Expected to Grow at a 5 Year 8.0% CAGR From More Than 80% Of the Market Share In 2021P to Nearly 91.5% by 2026.
Online sales channel is expected to grow with significant rate over the forecast period

Philippines Used Car Market

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The online sales channel has gained traction owing to its wide reach and lower advertisement costs. Moreover, the organized players have realized that the first point of contact for the any used car buyer nowadays is the online classified pages, used car portals and other social media pages Technology advancements have changed consumer positions in the market, including the emergence of the internet, the usage of e-commerce sites and applications to increase company demand, and the introduction of hybrid and electric automobiles. Thanks to web technology, consumers are learning more about the car, its residual value, third-party profit margin, and other aspects.

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Philippines Used Car Market

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Numerous Government Interventions will shape India Used Agricultural Equipment Market to Grow to More than INR 135 Crores by 2026: Ken Research

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Initiatives like SMAM and the National Food Security Mission are aimed to provide financial aid when acquiring agricultural equipment, paving the way for the Used Agricultural Equipment market In India to reach over 3500 units sold by 2026, with a CAGR of 22.7%, as per findings released by Ken Research.

1. The Sub-mission on agricultural mechanization aims to provide subsidies of 40%-60% to small and marginal farmers, to enable mechanization at a granular level.

India Used Farm Equipment Market

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The scheme of SMAM (Sub mission of Agricultural mechanization), revised for 2020-2021, got implemented in all the states, to promote the usage of farm mechanization and increase the ratio of farm power to cultivable unit area up to 2.5 kW/ha. The financial assistance being provided is up to 40% of the total value of implementation, with added 10% aid to SC, ST, Small & Marginal farmers, Women and NE States beneficiary.

2. The Availability of Used Agricultural Equipment at Reasonable Prices Enables the Indian Economy's Agriculture and Allied Sectors to Add 20.2% More Gross Value in 2021.

India Used Farm Equipment Market

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Agriculture is the primary source of livelihood for about 58% of India’s population. Gross Value Added by agriculture, forestry, and fishing was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in 2020. Share of agriculture and allied sectors in gross value added (GVA) of India at current prices stood at 20.2% in 2021. Used agricultural equipment supports farmers in maintaining farm and turf area at affordable rates. While the difficulties created by COVID induced lockdowns adversely affected the performance of the non-agricultural sectors, the agriculture sector came up with a robust growth rate of 3.4 % at constant prices during 2021, with increasing adoption of used farm implements among Indian farmers.

3. Other initiatives such as National Food Security mission and Rashtriya Krishi Vikas Yojna have announced substantial subsidies for purchase of farm equipment.

India Used Farm Equipment MarketNational Food Security Mission (NFSM): Assistance (up to 50% the cost of machinery) to be provided for machinery such as pump sets, tractor mounted sprayers, seed drills, zero till seed drills to varying degrees.

 

India Used Farm Equipment MarketRashtriya Krishi Vikas Yojana (RKVY): Farm mechanization comes under production growth stream of RKVY – with 35% of the outlay. Assistance for large equipment (tractors, combine harvesters, sugarcane harvesters, cotton pickers, etc.) is available for establishing custom hiring centers (CHCs).

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India Used Farm Equipment Market

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The Rise of the $ 60 Mn Fitness Service Industry of Oman: Explore the ups and downs of the fitness services in Oman: Ken Research

 Oman Fitness Services Market, which surged ahead with over 22.4% year-on-year growth in 2020, is poised to be a staggering $125.0 Mn industry by 2025, as per findings released by Ken Research.

The fitness market in Oman contributes 0.2% of the GDP, thanks to new foreign players and regional expansion of fitness clubs, gyms, and centers. The expansion is spread across various systems, such as the presence of gyms in universities, schools, and hotels, as well as across the country's major cities. The market is currently in the growth stage, with a strong possibility of further development at a faster pace, with positive industry trends expected. Future expansion will be driven by an increase in the average number of involved and active members.

Oman Fitness Service Market

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1.Gyms and fitness centers were forced to close abruptly as an “immediate suspect” for COVID-19 infection.

Oman Fitness Service Market

The closure of gymnasiums and fitness centers across Oman have impacted the very sustenance of such facilities. Facing months with no income from memberships, gyms turned to offering classes online for free, or for a fraction of their regular cost. Moe than 20.0% of the industry employees were laid off due to COVID with Personal Trainers switching to freelancing in digital content such as Instagram and Facebook to stay afloat. Amid the pandemic, fitness centers were opened in accordance with national and local regulations and adopted a series of prevention practices to curb the spread of virus and promote healthy environment for physical activity

2.Rising health awareness and increased female participation in fitness centers are driving demand for fitness centers in Oman.

Oman Fitness Service Market

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NCD’s such as CVD, Cancer & Chronic respiratory problems lead to 72.0% of all mortality in Oman, and 18% of these mortalities prematurely occur in the age group of 30-69 years old, thus driving the demand or fitness centers in the country. Moreover, it has been observed that various existing players have started diversifying their portfolio by providing new value-added services including Spa, Jacuzzi, juice bars, salons and others for greater customer satisfaction. Furthermore, more female participation is expected owing to rising diseases and health concerns amongst women. Similarly, due to increase in demand the number of fitness centers in the organized sector is also expected to almost double by 2022.

3. Brick and mortar fitness centers are facing competition from online weight loss programmes.

Oman Fitness Service Market

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Fitness Centers and Personal Trainers along with Fitness Bloggers are using social media platforms such as Facebook and Instagram to conduct live workshops for the ease and convenience of home workouts thereby leading to higher participation rate. Because of the growing popularity of social marketing and platforms that have begun offering online fitness tutorials, brick and mortar fitness centers are facing competition from online weight loss programmes.  

4.Oman’s Government has launched various programs, in attempts to encourage increased physical activity among population through personalized schemes.

Oman Fitness Service Market

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Oman Physical activity day celebration includes several awareness and sport events such as walking, activities on the importance of physical activity in daily life, sports activities, traditional and entertainment sports, number of shows such as fitness exercises, Capoeira and skiing, as well as a health corner. Additionally, Al Mouj Muscat Marathon encourages more people to get into an active lifestyle while directly aligned with Vision 2040, which aims to set up a culture of sustainable healthy society where health is everyone’s responsibility. Furthermore, OMAN HEALTH event was held on 4 Oct, 2021. It was an international exhibition of health products and equipment, sports & fitness, and medical services

Oman has a strong and extensive infrastructure, but the majority of the population is at high risk of chronic diseases. With a shift in public opinion and a strong push from the government, the fitness market in Oman is expected to grow by double digits due to a surge in interest in all types of wellness-related behaviors and lifestyles, as well as increased consumer spending. Offline fitness centers are expected to contribute the majority of revenue in the Oman Health and Fitness market, with the online fitness market expected to grow by double digits in the forecasted year.

Changing Landscape of the UAE E-Commerce logistics Market post-Pandemic: Explore the key trends that are driving AED 500 Mn Market: Ken Research

 UAE E-Commerce Logistics Market, which surged ahead with over 21.6% year-on-year growth in 2020, is poised to be a staggering AED 3.0 Bn industry by 2025, as per findings released by Ken Research.

The UAE E-commerce industry has witnessed an upward trajectory over the past 5-6 years with an increase in internet penetration in the region. Escalation in the number of smartphones in the country, high consumer confidence, changing consumer preferences, etc. have augmented the growth of e-commerce leading to surging demand for e-commerce logistics as well in the country. The COVID-19 pandemic has also pushed the demand in the market as the need for social distancing has forced people to rely on online shopping. The growth in the E-commerce orders for logistics has been majorly driven by an increase in internet affinity and demand for value-added services.

UAE E-Commerce logistics Market

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1. Impact of COVID-19 resulted in shift in preference among UAE residents from Cash to Online Payment Methods.

UAE E-Commerce logistics Market

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With initial concerns regarding disruptions in supply chain, Logistics industry of UAE displayed resilience and adapted to ‘new normal’ delivery techniques. 68% respondents have reduced shopping at physical stores and are undertaking online purchases.  COVID-19 and followed restrictions prompted customers to switch to undertake online payments over COD. Moreover, imposed social distancing measures and curfews caused a mass switch to online shopping. Furthermore, traditional brick-and-mortar brands started restructuring product offerings to meet new consumer demands by going digital and selling online.

2. Dubai & Abu Dhabi account for more than half of the Total E-commerce Shipments in UAE Owning to Large Tourist Base with Decent Purchasing Power.

UAE E-Commerce logistics Market

Currently more than half of the demand comes from Dubai & Abu Dhabi region. However, this share is expected to come down in future, as tier II and lesser cities will become new demand centers driven by increased internet penetration, increase in number of smartphone users, rise in per capita income and increasing propensity to purchase online. Currently, high proportion of online shoppers that is ~80-85% of them belong to Dubai, Abu Dhabi & Sharjah Emirate. Strategic geographical location with access to large number of markets such as GCC, Africa, Europe, China, India and Japan lead for high concentration of warehouses in this part of UAE.

3. High number of orders are placed in Ramadan, Black Friday & Holiday Season sale Months in UAE with an Average Growth of 20-30% compared to Non Seasonal Days.

UAE E-Commerce logistics Market

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The holiday shopping season (in December near Christmas) is the busiest moment of  the year for most retailers. In 2019, searches for ‘Black Friday deals’ were also up ~25%, and started to rise 3 weeks before the moment. Moreover, in the same year, ~50% of consumers noted that they increased their spending during the Holy Month. In 2020, Ramadan related searches started to rise up to 2 months prior to the Holy Month and continued until one week after. Furthermore, Valentine’s Day has become one of the biggest opportunities of the year for digital retailers, with queries like ‘same day delivery (up 22% from 2019)’ and ‘romantic restaurants’ showing massive growth.

4. Initiatives such as Dubai CommerCity & Dubai E-Commerce Strategy have been the Few Government Regulations which Has Promoted the Market.

UAE E-Commerce logistics Market

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Dubai Government has committed to building a free trade zone specifically dedicated to e-commerce, Dubai CommerCity, split into three clusters. The three clusters are Business, Logistics and Social. Additionally, with an area covering 2.1 Mn sq ft and an investment of around $3.2 billion, it is uniquely designed for the best and upcoming e-commerce players. Moreover, the UAE remains the most active in attracting funding, with UAE-headquartered start-ups garnering 30% of all deals and 70% of total funding. This is attributed to continued govt. support, corporate venture interest and growing investor appetite for start-ups. Furthermore, the country has been successful in attracting quality talent and labor from around the world at globally competitive rates.

Because of the COVID-19 outbreak, there has been a shift from offline to online sales, which is expected to continue to grow significantly in the future. The country's e-commerce logistics market is expected to grow as a result of new technologies such as Automation, Blockchain, and the Internet of Things, which will be investigated in order to increase efficiency, improve customer experience, and improve service quality.

4 Points that Discover the Vibrant Terrain of Thailand’s Medical Education Market: “A Pathway to Excellence”: Ken Research

Medical Education in Thailand has seen a long journey with various turns with intense progress. Various factors that drive the growth of the Medical Education System in Thailand are expensive public infrastructure and universal coverage, the postgraduate program is in alignment with international standards, the brain drain is at a lower level in comparison to its neighboring countries because the majority of education is in Thai, changes in the need of society, changes in the nature of students, evolution in learning and teaching processes, rapid changes in technologies supporting medical practices and education, an enormous explosion in medical knowledge and changes in the health system.

Thailand Medical Education Market

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1. Ministry of Education, Royal Colleges and Medical Council are the three bodies that controls Higher Medical Education in Thailand

Thailand Medical Education Market

Thailand has 23 Medical Colleges out of which 21 are Public Medical Colleges and 2 are Private Universities, which shows that Medical Education is fairly controlled by government colleges. Higher education at both undergraduate and graduate levels are under the responsibility of the office of Higher Education Commission (OHEC), which conducts national medical exams to ensure quality education. Medical Aspirants in Thailand are likely to study in Public Universities due to the improvements in course structure and government inclination to promote medical education in the public sector.

2. Maximum no. of Public and Private Medical Colleges are concentrated in the Central Region

Thailand Medical Education Market

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Central region in Thailand is an ideal location for the students due to the high concentration of HIEs, cultural diversity, employment opportunities and rapid developments in the healthcare sector. Around 10 Public and Private Medical Colleges are located in the Central Region which is the maximum no. of colleges at one region. Major reason behind this accumulation of colleges in the central region is the high growth which the authorities have attempted to direct by means of a series of master plans since 1960s. Some districts have evolved into functional units as the inner city has become more institutional and commercial and the outer city more residential.

3. Most of the Medical Aspirants follow the 6 years program route to complete their medical education in Thailand.

Thailand Medical Education Market

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In Thailand, the undergraduate medical curriculum consists of a 6-year training programme divided into three phases, namely year 1 for general education, years 2-3 for basic medical sciences, and years 4-6 for clinical experience. There are two main tracks for medical training: "normal" and "rural," which differ in their admission process, location of training, and location of work. Students from all over the country can apply for normal track training through a central selection procedure. Their training is provided in traditional medical schools, and job placement is available at any community hospital in the country. Students applying for the rural track are chosen specifically from the provinces. Their training is undertaken in regional or provincial hospitals, and job рlасement is to соmmunity hospitals in the provinces or regions from which they соme. The curriculum for both tracks is very similar, with clinical training usually taking place in tertiary or quaternary care hospitals and involving limited community experience.

4. Highest no. of Physician Graduate of 2020 is from Faculty of Medicine Siriraj Hospital Mahidol University.

Thailand Medical Education Market

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It is the oldest and largest medical school and oldest of any kind of university faculty in Thailand. The faculty is now part of Mahidol University.  The medical school accepts about 250 students for undergraduate education and more than 100 to postgraduate studies each year.  Furthermore, faculty of Medicine Siriraj Hospital, Mahidol University ranked no. 126 – 150 (tied) in Times Higher Education’s World Best University 2021 in Clinical and Health.