Thursday, December 14, 2017

How is Dental Care Services Market Positioned In Saudi Arabia?

Oral health is an important part of an individual’s overall health and contributes positively to his physical, mental and social well-being. A good oral and dental hygiene can not only help to maintain healthy teeth and gums but also prevent the risk of serious health issues such as mouth ulcer, mouth cancer and others. Since mouth is a window that reflects into the health of a person’s body, systemic diseases may first become visible because of oral problems. Saudi Arabia dental care service market has majorly propelled in last decade. The number of public dental colleges during 2016 is ~ compared to only ~ colleges back in 2000 which resulted in increasing number of dentists in the Kingdom over the years. In line with growing health and hygiene awareness in Saudi Arabia over the years, oral hygiene witnessed a growing focus amongst consumers. In terms of revenue, the market augmented positively increasing from USD ~ billion during 2011 to USD ~ billion during 2016 at a CAGR of ~% during 2011-2016.
Over the years Saudi Arabia witnessed increasing number of private clinics which strengthened the unorganized sector of Saudi dental service industry during 2011-2016. It has been witnessed that youngsters are very cautious about their looks and style which resulted in rising per capita healthcare spending on dental treatments in the Kingdom. Over the years non Saudi residents have dominated the dental clinic market in terms of number of clinics and dentists, practicing dentistry in the Kingdom. Saudi Arabia has been witnessing increasing number of graduates in dentistry which has aided the overall market growth. Dentists in Saudi Arabia charge higher fees than dentists in underdeveloped country but comparatively lesser than dentists in developed countries. This has resulted in high immigration of foreigners from underdeveloped countries to settle in Saudi Arabia and practice dentistry to earn more money and foreigners from developed countries travel to Saudi Arabia for dental checkups.

Saudi Arabia Dental Care Services Market Segmentation

By Market Structure: It was witnessed that unorganized segment accounted for ~ % (~) of the total number of clinics in Saudi Arabia dental care service market during 2016. It has been witnessed that average ticket size of unorganized segment is relatively lower which attracted customers towards unorganized hospitals. It has been witnessed that organized segment accounted for ~% (~) of the total number of clinics in the Saudi Arabia dental care service market during 2016. The quality of services, use of superior technology and follow up services provided by dental chains has also helped to attract customers.
By Major Cities: In terms of number of clinics, Riyadh has dominated Saudi Arabia Dental Care Service Market by major cities during 2016. Riyadh dominated Saudi Arabia dental care service market accounting for ~% (~) of the total number of clinics during 2016.. Jeddah accounted for ~% (~) of the total number of clinics in Saudi Arabia dental care service market during 2016. Since Riyadh and Jeddah are the principal cities in Saudi Arabia, the healthcare facilities provided in these cities are at par with global standards. Dammam & Al-Khobar jointly accounted for ~% (~) of the total number of clinics in Saudi Arabia dental care service market during 2016.
By Services: The endodontic dental service has been the significant revenue segment in the dental care services market. The root canal treatment and other endodontic services including abscessed teeth and gum, apicoectomy, hemisection, endodontic surgeries, post and core and internal bleaching recorded a share of nearly ~% (USD ~ billion) in the dental care services market revenue during 2016. Prosthodontics service or dental prosthetics mainly includes crowning, bridging and denture care services, which collectively reported ~% (USD ~ billion) revenue share in 2016. Implantlogy accounted for ~% (USD ~ billion) of the overall market share of Saudi Arabia dental care services market during 2016. Orthodontics services occupied the fourth position in terms of revenue generation in the overall dental care services market in the country during 2016. Orthodontics accounted for ~% of the overall revenue of Saudi Arabia dental care service market during 2016. The dental cosmetic services along with restoration services which are increasingly becoming popular especially amongst tourists have contributed a revenue share of ~% in the overall dental care services business in 2016.

Competitive Landscape of Saudi Arabia Dental Care Services Market

Dentists compete with each other and with those in their community because there are not enough resources for everyone to have their first choice of what they want and because the benefits dentists receive depend on their behavior and the behavior of patients, other dentists and health care brokers. As a dentist, it’s imperative to understand local competitive landscape so as to better determine where and when to allocate right marketing resources. Saudi Arabia has huge number of dentists in the Kingdom with both foreign and domestic dentists in almost equal proportion accounting for more than ~ dentists in the Kingdom during 2016 which has resulted in intense competition amongst all.
In terms of revenue and number of clinics, Al Muhaidib is the market leader in Saudi dental care services market. Al Muhaidib accounted for ~% of the overall revenue share of major players in dental care market in Saudi Arabia during 2016. With ~ branches in Riyadh and remaining ~ spread across Saudi Arabia, Al-Muhaidib Dental Clinics has been serving its patients for the past 25 years. Ram Dental Clinic followed Al Muhaidib in terms of revenue share of major players accounting for ~% of the total revenue during 2016. The clinic is known for using latest diagnostic and therapeutic techniques trustworthy locally and internationally. The clinic has a wide network of branches across KSA & Bahrain and it is aiming to expand it further within the GCC region. Cham clinic is one of the leading players in Saudi Arabia dental care service market in terms of revenues.
Cham Clinic accounted for ~% of the total revenue share in Saudi Arabia dental care market. Avicena Centers has ~ branches in Saudi Arabia in Dammam, Qatif, Khobar and Jubail. Avicena Center accounted for ~% of the overall revenue of major players in Saudi dental care service market during 2016. FRB dental clinic ranked fifth in Saudi Arabia dental care service market in terms of revenue during 2016 accounting for ~% of the total revenue. Major business strategy adopted by FRB Dental Clinics is a conservative approach toward expansion process. Their service offering is mostly at affordable price range and target almost all income group customers. Other major dental clinics in the market include Samaya Clinic, Kadoon Clinics, Dima Dental, Star Smile Dental Clinic, Orchid Dental and Sigal Dental Clinic.
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com
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Wednesday, December 13, 2017

Russia Remittance and Bill Payments Market Research Report to 2021: Ken Research

How Russia Remittance and Bill Payments Market Is Positioned in Russia?
The Russian remittance industry has witnessed growth at a decreasing rate over the years. The outbound remittance from Russia dominates the Russia Remittance Market. With around USD ~ million of total outbound remittance, in 2016 Russia was ranked ~ largest country in the list of remittance sending countries. In the year 2016, the share of outbound remittances was USD ~ million as compared to a minor share of USD ~ million for the inbound remittances.
Remittance fund sent by migrants in Russia to their families help them meet their daily expenses. Better job opportunities with high salary and better standard of living are the main reasons for the overall growth of the remittance and the bill payment industry. However there was a sharp decline in the growth rate of international remittance market in 2014-2016. This abrupt fall was majorly contributed by the decline in commodity prices, especially oil in the remittance sending countries and the high exchange rates.
The Russia Remittance Industry has been dominated by five major players having a lion share of ~% in the total remittance market. Traditionally the Russian population used only cash transfers but the expansion in online methods and mobile based services have encouraged people to use electronic modes also. In the past few years the growth in the bill payment market size has been over ~% in Russia. The Bill Payment market in Russia increased from USD ~ million in 2011 to USD ~ million in 2016 on account of the tremendous progress in the areas of utilities, entertainment, health and education. Grocery bills and utility bills has been dominated the bill payment market. In the recent years the number of mobile subscriptions increased from ~ in 2011 to ~ in 2013 and the electricity generation increased from ~ kilowatt in 2011 to ~ kilowatt in 2013.
Which Channel of Remittance is Preffered in Russia the Most?
International remittances from Russia are generally done through two major channels such as banks and MTOs. Banks are the highly preferred channel for the cross-border remittances. The share of banks has been dominating the market with more than ~% share in the market consistently over the past five years. The share of banks has been high in both outbound and inbound remittance transactions. Though the process of transferring money through banking channels is complex in the country due to enforcement of law regarding Russian Payments systems the channel accounted for the higher share. The major factor attracting people towards the banks include the low remittance fee and faster transfers.
They provide direct money transfer and remittance services internationally through correspondent accounts in foreign banks.
When a migrant remits money from a bank in Russia to the United States or to the Western Europe, the correspondent account of the commercial bank is first credited by the remittance amount and then the bank account of the recipient is credited or a money order payment in the name of the recipient is issued. Funds can be transferred on cash to cash, cash to account, or account to account basis. The wide presence of banks in the country in numbers in both urban and rural areas also supports the domination of banks in the international remittance market of Russia.
MTOs represent money transfer organizations in the country that enables the migrants to transfer money from Russia to their origin destinations.
The geographical presence of MTOs within Russia is smaller in comparison to the banks. MTOs lack in number of branches. The trend visible in the market is that the transaction volume derived, both outbound and inbound have been declining over the past five years.
On the basis of transaction volume the market presence of MTOs have declined at a CAGR of ~% during the period of 2011-2016. The major MTOs include Western Union, MoneyGram, Unistream and Contact. People in the country generally prefer remitting money in cash and they trust banks more for the same.
Moreover, the MTOs in the country do not have a differentiation in the services offered to the customers in comparison to the banks that acts as a weakness for them. Lack of penetration, promotional efforts, balanced presence in rural-urban areas acts as factors restraining the growth of MTOs in the international remittance space. Obtaining MTO license in Russia is also difficult that restrains from the channel to maintain an active presence. The share of MTOs in the international remittance market declined from ~% in 2011 to ~% in 2016.
Which Type Of Service is Used the Most For Remittance in Russia?
In the Russia Remittance Market the majority of the share in terms of transaction volume is dominated by cash transfer. The total market size captured by cash transfers has grown from ~% in 2011 to about ~% in 2016. There has been constant growth in the market share of cash transfers from the past five years on account of the security conscious population in Russia. All the banking and non-banking channels in the country prefer cash transfer to remit funds to the Non-CIS countries. The low growth of digital market in the country does not encourage transfer of funds through electronic mode. Mostly the low and middle income group prefers to remit funds through cash. New law passed in order to restrict cross border transfer of funds to countries barring Russian Payments System (RPS) has also made cash transfer more common. Electronic transfer has only contributed ~% in 2016. The reason is the low development of digital methods and internet access in the country. Mostly the middle and higher income group prefers to remit funds electronically. The share has increased a little from ~% in the year 2015 to ~% in the year 2016 due increasing awareness about internet access among the middle aged groups. Moreover, the other reason was introduction of electronic transfer services like Bank cards, NEFT and RTGS by the developing financial institutions.
Which Type Of Bill Dominates the Bill Payments Market in Russia?
The volume of transactions made for the purchase of groceries dominated the bill payments market of Russia with a share of ~% as of 2016. The quantity and the frequency of the groceries purchased by the people supports the domination of this category. The share of utilities followed grocery bills in the total bill payment market. Utilities include bills for electricity, water, gas and others. These are the basic necessities which are used for day to day activities in every household. The major share in utility bills is occupied by electricity bills accounting to ~%. Mobile Recharge is the second largest contributor in the country in the bill payment segment. The mobile recharge bill payments have witnessed a robust growth from the past one decade. The use of mobile phones by every age group of people and the surging demand of smart phones in the country has contributed in rising mobile recharge industry. In 2016, there were ~ online consumers in the age group 16-55 years. The mobile 3G and 4G subscribers have increased from ~ million in 2011 to ~ million in 2015. The increase in the penetration of broadband internet service has coupled with the growing popularity of DTH services. The broadband internet subscribers increased by~% to reach ~ million in 2016.
How the Competition is Prevailing in Russia Remittance Market
Russian remittance market is fragmented in nature on account of the presence of small, medium and large companies in Russia. The Russia-Ukraine is the second largest migration corridor in the world and the Ukraine-Russia is the fourth largest corridor in the world. These corridors facilitate large scale migration and rise in competition among the players in Russia in terms of offering services for remittance flows.
The Russian remittance industry is traditionally dominated by companies including Korona Pay, Contact, Western Union and MoneyGram. The competition among the companies is in terms of the special customer satisfaction services provided and the transaction fee charged per transaction to remit the funds.
The transitional phase of preferring digital methods to remit funds is still in the infant stage of development which accounts for a major share of the traditional money transfer companies in the overall remittance market.
What is the Future Outlook for Russia Remittance and Bill Payments Market
International remittance market of the country is expected to showcase a tremendous growth in the coming years. The market is estimated to USD ~ million for the year 2017 and USD ~ million in the year 2022. The main force will be the infrastructure development activities of the government that will increase job opportunities. The Global events to be held in Russia will attract migrants in search of small scale jobs involved in infrastructural development.
The domestic remittance has been estimated to grow from USD ~ million in 2017 to USD ~ million in 2022. The anticipated increase in the use of technology and rise in the number of MTOs will positively affect growth in remittance amounts.
It has been anticipated that the bill payment market will grow at a CAGR of ~% during 2017-2022. The increasing per capita household disposable income, rising standard of living, increasing salaries, emerging bill payment companies, Expansion of bill payment services and others will surge the size of the bill payment industry of Russia.
Companies Cited in the Report
List of Companies                  Companies Covered in the Report
Sberbank
VTB Bank
GazpromBank
Alfa Bank
Western Union
Moneygram
KoronaPay                      Major Players in Russia Remittance and Bill Payments Market
UniStream
Contact
Yandex
Webmoney
PayPal
Visa Qiwi
Key Factors Considered in the Report
Comprehensive analysis of Russia Remittance and Bill Payments Market and its segments
Listed major players and their positioning in the market
Identified major industry trends in last few years and assessed the future growth of the industry
SWOT analysis on Russia Remittance and Bill Payments Market
Value chain analysis of Russia Remittance and Bill Payments Market
For more information on the market research report please refer to the below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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South Africa Seed Market Will Be Led By Growing Net Farm Income, Huge Demand Of Seeds From SADC Countries and Government’s Industry Friendly Policies: Ken Research

The modest increase in domestic consumption of seed, rise in number of South Africans  in commercial farming along with gradual stabilization in seed and food export to other African countries have been the key factors supporting growth in South Africa Seed Market.

South Africa’s seed market witnessed majority of the demand from wheat, soybean, oats, sorghum, barley, dry bean, maize, ryegrass, triticale and few vegetable seeds. Majorly demand for open pollinated seeds was the highest, followed by hybrid and genetically modified seeds in all the crops. The key growth drivers of the seed market have been the modest increase in domestic consumption and exports to other African countries. The competition in the local market has been intense due to the presence of a large number of local and global players producing high quality seeds.

The South African seed market is at a very mature stage and has number of players that are gradually expanding their business into other African countries and around the globe. SANSOR is also in the process of building up an efficient seed sales web-portal for its member. The portal is expected to further augment the growth of the seed market in South Africa. The increase in net farm income along with demand of seeds within SADC countries has majorly resulted in the overall growth of seed market in the country.

The report titled “South Africa Seed Market by (Open Pollinated, Hybrid and Genetically Modified Seeds), by Crop Type (Wheat, Soybean, Oats, Sorghum, Barley, Dry Bean, Maize, Ryegrass, Triticale, Vegetable Seeds) - Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in South Africa seed market due to increase in local consumption and growth of seed exports in next 5 years till 2022.

For more information on the research report, refer to below link:
https://www.kenresearch.com/agriculture-and-animal-care/seed/south-africa-seed-market/142288-104.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing
 sales@kenresearch.com
+91-124-4230204
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US Seed Market Outlook Remains Challenging with Decline in Crop Receipts and Consolidation in Incumbent Crops Category: Ken Research

US Seed market by Type of Crops (Corn, Cotton, Soyabean, Wheat, Rice, Grain Sorghum, Oats, Vegetable Seeds), By Technology (Hybrid, GM Seeds, Open Pollinated), by Region, and Market Share of Major Seed Manufacturers (Monsanto, Syngenta, Bayer Cropscience, LimaGrain, Rjik Zwaan, Sakata, Bejo, Dupoint)
Lower output prices have impacted corn seed market with substitution effect witnessed to Soybeans from US Farmers
Seed companies are prudent to plan the inventories based on commodity prices, trait adoption or hybrid selection
Ken Research in its latest study, The US Seed Market Outlook to 2022 – By Crop Type (Corn, Cotton, Soyabean, Wheat, Rice, Grain Sorghum, Oats, Vegetable Seeds), by Open Pollinated, Hybrid and Genetically Modified Seeds, suggested that with seed traits in corn, soybean, canola, cotton, sugar beet and alfalfa, around 80-90% of the US cultivated area is planted with genetically engineered technology which equates to around 95% of the world GM crops area for corn, soybean, canola and sugar beet combined.
The US Seed industry is the largest seed market in the world with the land under cultivation of 911 million acres and average farm size of 442 acres in 2016. The US and Canada combined together contributed around 10% of the global planted area and over 50% of the global GM crops area. Around 70% of the cultivated area is sowed with corn, soybean and wheat, which fluctuate every year but are largely equal in terms of significance, followed by canola, alfalfa, cotton and barley.
The country’s seed economics are largely driven by commodity prices, hybrid breed selection and crop rotation cycle, farm holding structure. In many regions in the US, farmers’ economics are not favorable in terms of cost to farm income. Rising input cost and falling agricultural commodity prices have led to rapid plunge in farm income. Corn, cotton and soybeans have seen higher rise in input cost vis a viz production value from farmers perspective in the last year. After three successive years of weakened performance, agriculture crop profits are expected to decline in 2017.
The cash income from crop sales during the 2017 is expected to be around USD 190 billion, a decline of USD 3.8 billion i.e. 2.0% from 2016. Corn receipts are expected to decline for the fifth successive year by 0.5% in 2017 as the U.S. average corn price is estimated to drop in this year. Despite an expected rise in wheat prices, wheat receipts are estimated to decline by USD 0.5 billion from 2016 due to an expected de-growth in wheat quantities sold. Lower soybean receipts (USD 3.2 billion or 7.6%) in 2017 underscore a reduction in quantity sold which is more than offsetting increase in soybean prices. Receipts from Rice are estimated to decline by 4.5% in 2017 which will reflect a reduced average commodity price and quantities sold. The expected growth of USD 2.2 billion or 37.2 % in 2017 cotton receipts will be underscore by a large growth in the quantity of upland cotton sold.
The US is the foremost adopter of GM traits and has the largest number of traits used per hectare. It is anticipated in the coming years, the seed industry will witness the acquisition of some of the private seed companies specialized in 1-2 hybrid crop variants by companies that have invested heavily in the research and development of biotechnology traits. These acquisitions are anticipated in vegetable and fruit seed market.
Key Topics Covered in the Report
Agricultural Farm Income in US
United States Seed Competition
Commercial Seed Sales in United States
US Cotton Seed Market
Average Farm Size in US
US Seed Market
US Seed Market Overview
US Seed Industry Economics
Farm Holding Structure in US
Cash Receipt US Soybean
Syngenta Sale seed in US
Soybean Seed Export US
US Fruits and Vegetable Seed Consumption
Genetically Modified Seed Market US
Monsanto Market Share US Seed Industry
For more information on the market research report please refer to the below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Tuesday, December 12, 2017

North America Contribute approximately 35% of the Global Seeds and Traits Market: Ken Research

GM seed segment is the leading market in the US seed industry owing to the increase in productivity and resistance from pests and herbicides.
The US seeds market is further expected to grow at a CAGR of more than 6% during 2017 – 2022
The report titled “The US Seed Market Outlook to 2022 – By Crop Type (Corn, Cotton, Soyabean, Wheat, Rice, Grain Sorghum, Oats, Vegetable Seeds), by Open Pollinated, Hybrid and Genetically Modified Seeds” by Ken Research anticipate a resilient and challenging outlook for incumbent seed segments such as Corn, soybean and see stable growth in Vegetable seed, Wheat and Sugarbeet seed space with anticipated growth in GM adoption in the next 5 years.
The US is the largest and the most diverse global commercial seed market, which is followed by China, France, Brazil and Canada. The seed industry is the US is concentrated among the few big players though there are over 750 private seed companies engaged in the business with an offering of over 60,000 seed varieties of planting seeds.
The distribution channel in US seed industry varies between multiple states however it is mostly led by the dealer channel and retail channel. Seed companies also tend to sell directly to the farmers in case of large operations. For input providers, channel retailers and dealers are significant partners as they manage directly the relationship with the farmer.
The US has observed the approval of 195 single trait events in 20 crop species: alfalfa (3 events), apple (3), Argentine canola (20), chicory (3), cotton (28), creeping bentgrass (1), flax (1), maize (43), melon (2), papaya (3), plum (1), potato (43), rice (3), rose (2), soybean (24), squash (2), sugar beet (3), tobacco (1), tomato (8), and wheat (1) since 1996. In 2016 itself, food, feed and cultivation approvals were made for apple (1 event), maize (2) and potato (3).
The GM seed crop area in the US recorded a growth of 3% at around 73 million hectares which is about 39% of the global biotech area in 2016. GM seed prices differs with trait stacking/bundling, perceived agronomic conditions in each US region in terms of pest infestations, rainfall, others and availability of substitute seeds, commodity prices, and farmer income.
As the biotech seeds adoption rate is rising, the competition in the seed business has become more challenging. Companies with a high market share in regions which experience significant acreage shifts could realize more loss than companies with a lower share.
According to Ken Research, DuPont Pioneer and Monsanto have continued to dominate over 70% of the corn seed business and about 60% of the soybean seed market in the US in 2016. This level of concentration among major corporations which sell patented seeds makes the seed sector a monopolistic nature in top grain markets. The proposed agrochemical mergers such as Bayer with Monsanto, Dupont with Dow Chemical and ChemChina with Syngenta will make the concentration more intense.
Key Topics Covered in the Report:
US Seed Market
US Seed Market Future
US Corn Seed Market
US Soyabean Seed Market
US Cotton Seed Market
US Wheat Seed Market
US Rice Seed Market
US Grain Sorghum Seed Industry
US Barley Seed Industry
US Oats Seed Demand
US Fruits and Vegetable Seed Consumption
Seed Treatment in US
Monsanto Market Share US Seed Industry
Syngenta Sale seed in US
Bayer competition US Seed Industry
LimaGrain growth US seed Market
Rijk Zwaan sale GM seed US
Sakata revenue seed sale US
Bejo seed sale in US
US Seed Market Overview
US Seed Market Evolution
GM Seed Adoption Rate US
Agricultural Farm Income in US
US Seed Industry Economics
Trends Seed Penetration in the US
United States Seed Competition
Market Share Seed Manufacturers US
Commercial Seed Sales in United States
Forecast Seed Expenditure in US
Farm Holding Structure in US
Average Farm Size in US
Cash Receipt US Soybean
Soybean Seed Export US
Hybrid Seed Market in US
Genetically Modified Seed Market US
GM Seed Sales in US
Revenue Forecast GM Seed US
For more information on the market research report please refer to the below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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