Monday, January 22, 2018

Vietnam Pharmaceutical Market is Witnessing Rapid Growth on Account of Rising Aging Population and Improving Spending Power: Ken Research

Vietnam healthcare market size, market segmentation by hospitals & clinics, diagnostic labs market, pharmaceutical market and medical devices market, The report also covers market in different aspects such as healthcare scenario in Vietnam, government and private spending on healthcare, cross comparison of healthcare sector of Vietnam with other Asia Pacific countries, mergers, acquisitions and funding in healthcare sector, investment model for setting up a hospital, snapshots of daycare centers and polyclinics, investment model for setting up a diagnostic laboratory, government regulations for launching a new drug, role of IT companies in Vietnam and comparative analysis of major players in each section. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
Healthcare market in Vietnam has been supported by the ever increasing and ageing population of the country.
The deregulation of the healthcare sector along with increase in average income of the middle class population will lead the growth of the Vietnamese healthcare market in the upcoming years.
The Vietnamese government has a target of covering more than 84% of the population with health insurance by 2020. The government has invested heavily into the healthcare sector to make it accessible and affordable to everyone. However, owing to the ever increasing population the pressure on the public system is huge. Addressing this issue of overcrowding of public healthcare establishments (hospitals, clinics and diagnostic laboratories) the government decided to deregulate the healthcare system in 2014. This structural change in the government’s policy has opened the doors for private national and international investment into the healthcare system. Owing to this change, the healthcare market in Vietnam is expected to witness substantial growth in the coming years.  In recent years the average household expenditure on healthcare in Vietnam has increased threefold and is expected to further increase in the future. Majority of the healthcare services are concentrated in urban areas and cities. The patient concentration in cities has drastically increased in recent years, owing to this there is need for new healthcare facilities to be built in rural areas. The overall Healthcare Access and Quality (HAQ) Index in the country has increased, but there is still room for improvement to reach the best possible threshold, given the level of development in the country.
The demand for pharmaceutical products has increased tremendously in recent years owing to the increase in average income of the middle class population in the country. With the deregulation of the healthcare sector, more national and international companies are expected to invest in the sector and more indigenous pharmaceutical companies are expected to come up in the future. The number of hospitals is expected to grow at a much faster pace along with privatization of public hospital. This will release the pressure off the public hospitals and raise the overall standard of healthcare in the country. The diagnostic laboratories market is also likely to grow in the future owing to the increase in demand as well as increase in private investment into the sector. With the development of hospitals, clinics and diagnostic laboratories in the country the medical devices are also likely to get updated. The dependency on import of these devices is likely to continue in the future. However, the domestic production of consumable medical equipments is expected to grow in the country.    
Ken Research in its latest study, Vietnam Healthcare Market by Industry Type (Hospitals & Clinics, Diagnostic Labs, Pharmaceutical and Medical Devices) –Outlook to 2022, suggests that the Healthcare market in the Vietnam will grow at a substantial rate owing to liberalization policy adopted by the government and increase in demand for healthcare services.
Key Topics Covered in the Report:
Vietnam Healthcare Market Size
Single Specialty and Multispecialty Hospitals in Vietnam
Private Hospital Revenue Vietnam
Market share of Major Hospitals in Vietnam
Diagnostics Laboratories in Vietnam
Revenue of Laboratories by Type of Test in Vietnam
Vietnam Medical Devices Market Size
Vietnam Orthopaedic Appliances Market Demand
Dental Devices Revenue Vietnam
Medical and Electro-diagnostics Apparatus Market Vietnam
General Medical Instruments Consumption in Vietnam
Medical Consumables Market in Vietnam
Vietnam Ophthalmic Instruments Market Consumption
Vietnam Respiratory Devices Market
Vietnam Imaging Devices Market Outlook
Market Share of Major Players in Vietnam Medical Devices Market
Vietnam Pharmaceuticals Market Size
Vietnam Pharmaceuticals Market Segmentation
Market Share of Major Payers in Pharmaceutical Market
Vietnam Clinic and Health Center Market Size
Comparative Analysis of Major Diagnostic Labs in Vietnam
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Vietnam Healthcare Market by Industry Type (Hospitals & Clinics, Diagnostic Labs, Pharmaceutical and Medical Devices)-Outlook to 2022: Ken Research

Vietnam Healthcare Market by Industry Type (Hospitals & Clinics, Diagnostic Labs, Pharmaceutical and Medical Devices)-Outlook to 2022” provides a comprehensive analysis of the healthcare market in Vietnam. The report covers Vietnam Healthcare Market size, market segmentation by hospitals & clinics, diagnostic labs, pharmaceutical and medical devices. The report also covers market in different aspects such as healthcare scenario in Vietnam, government and private spending on healthcare, cross comparison of healthcare sector of Vietnam with other Asia Pacific countries, mergers, acquisitions and funding in healthcare sector, investment model for setting up a hospital, snapshots of daycare centers and polyclinics, investment model for setting up a diagnostic laboratory, government regulations for launching a new drug, role of IT companies in Vietnam healthcare sector and comparative analysis of major players in each section. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

Market Potential
The healthcare sector in Vietnam has witnessed unprecedented growth in recent years. The country’s basic health indicators have improved and are better than other countries in the region with similar or higher per capita income. The overall healthcare market has increased from USD ~ billion in 2012 to USD ~ billion in 2017 and witnessed a growth rate of ~% during the period 2012-2017. However with the overall growth and development in the country it has been difficult to sustain the progress made in the healthcare sector due some existing and new challenges. It is still difficult for a significant percentage of the population to access proper healthcare facilities. Major health issues in Vietnam arise from dietary problems. There has been a significant rise in cerebrovascular diseases, heart diseases, lung and liver cancer, tuberculosis, HIV/AIDS, diabetes, respiratory diseases and road accidents. There is a huge gap in health status of different regions in the country. The country has been developing its healthcare infrastructure including hospitals, diagnostic labs, clinics and the pharmaceutical sector. In addition to all these factors, fast rising and ageing population in the country further adds to the advantages for Vietnam healthcare market.

Medical Devices Market
The medical devices industry is largely import driven in Vietnam. The medical devices market in Vietnam witnessed a moderate growth rate. The medical devices market contributed a share of around ~% (USD ~ billion) of the total healthcare market in Vietnam in 2017. The CAGR for the medical devices market during 2012-2017 was ~%.The overall healthcare market of the country is witnessing substantial growth, however the medical devices market in the country has lagged behind. Most of the hospitals, clinics and diagnostic labs are government owned. The government has invested heavily for the up gradation of the healthcare system in the country but the medical devices at most of the hospitals are old. With the decentralization of the healthcare sector, more hospitals are coming up and the existing ones are being upgraded. There is a huge opportunity in front of medical device companies to capitalize and expand into the Vietnamese market. The market has been majorly dominated by diagnostic imaging products, contributing ~% (USD ~ million) while consumable equipment contributed around ~% (USD ~ million) to the overall medical devices market. The large percentage of the medical devices was also contributed by orthopedic appliances & implants.

Pharmaceuticals Market
Vietnam has one of the fastest growing pharmaceutical markets in Asia. One of the main reasons for this is the significantly high population of the country which is entering the ageing stage at a very fast pace. With the growth of the economy the average income of the middle class has also increased and so has the demand for pharmaceutical products. The overall size of the pharmaceutical market has increased with a CAGR of ~% from USD ~ billion in 2012 to USD ~% in 2017. The government through its policies has tried to address the increasing demand of pharmaceutical products in the country, however there is a huge room for growth. Similar to the medical device market, the pharmaceutical market in Vietnam is also highly dependent on imports. Around ~% of the total pharma products consumed in the country are imported. Increasing rate and prevalence of lung and liver cancer, TB, HIV, respiratory, cerebrovascular and heart diseases among the growing population of the country has created high demand for generic and patented drugs. The pharmaceutical companies in the country mainly manufacture generic drugs by importing raw material from other countries. In context of therapeutic drugs, majority of the demand is to treat diabetes, respiratory and cardiovascular diseases. However to develop the domestic pharmaceutical sector the government has initiated efforts to streamline the Foreign Direct Investment (FDI) into the industry. Foreign companies cannot directly enter the Vietnamese market; instead they need to partner with an indigenous company to distribute their products. The biggest pharmaceutical firms in the country are Hau Giang Pharmacy, Traphaco, Domesco, IMEXPHARM, and OPC.

Hospitals Market
Vietnam is in the phase of experiencing a structural change in hospital industry. Currently the country is dominated by the presence of government run hospitals and commune health stations. There are around ~ hospitals and ~ commune health clinics in the country out of which ~% are run by the government. However, in 2014 the government announced the plan to deregulate the hospital in order to support the already overburdened public hospitals in the country. Since liberalization a number of private hospital have already come up in the country and more are in the process. Many foreign investors and firms already have or are in the process of acquiring stocks in the hospitals. The number of inpatients and outpatients has increased at a CAGR of ~% and ~% respectively during 2012-2017. The overall revenue of the hospital market in Vietnam has increased with a CAGR of ~% from USD ~ billion in 2012 to USD ~ in 2017. The government has also eased the regulation for the employment of foreign doctors and medical staff in the country. A large percentage of hospitals, clinics and medical staff is concentrated in urban area and cities. This presents an opportunity for private investors and companies to expand their health services into the rural areas of the country.

Diagnostic Laboratories Market
Owing to government policies, the healthcare sector in the country is gradually getting decentralized. With this decentralization the number of hospitals & clinics is increasing and so is the overall standard of healthcare services. To cater to this demand there is a vital requirement for affective and faster diagnostic laboratories. The overall market for diagnostic laboratories has increased from USD ~ million in 2012 to USD ~ million in 2017 with a CAGR of ~% during this period. The market is dominated by public hospital labs which contribute around ~% (USD ~ million) to the overall diagnostic laboratories market. The rise in average income of the middle class in Vietnam coupled with increasing prevalence of chronic diseases is a major factor which has led to the growth of diagnostic laboratories. These laboratories are actively engaged in providing imaging and pathology tests. Pathology tests contributed approximately ~% of the total revenue, while imaging tests contributed around ~% in 2017.

Key Topics Covered in the Report:
Vietnam Healthcare Market Size
Single Specialty and Multispecialty Hospitals in Vietnam
Private Hospital Revenue Vietnam
Market share of Major Hospitals in Vietnam
Diagnostics Laboratories in Vietnam
Revenue of Laboratories by Type of Test in Vietnam
Vietnam Medical Devices Market Size
Vietnam Orthopedic Appliances Market Demand
Dental Devices Revenue Vietnam
Medical and Electro-diagnostics Apparatus Market Vietnam
General Medical Instruments Consumption in Vietnam
Medical Consumables Market in Vietnam
Vietnam Ophthalmic Instruments Market Consumption
Vietnam Respiratory Devices Market
Vietnam Imaging Devices Market Outlook
Market Share of Major Players in Vietnam Medical Devices Market
Vietnam Pharmaceuticals Market Size
Vietnam Pharmaceuticals Market Segmentation
Market Share of Major Payers in Pharmaceutical Market
Vietnam Clinic and Health Center Market Size
Comparative Analysis of Major Diagnostic Labs in Vietnam

For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/general-healthcare/vietnam-healthcare-market-report/142714-91.html

Related Reports by Ken Research
https://www.kenresearch.com/healthcare/general-healthcare/south-africa-healthcare-market-report/142339-91.html

Contact:        
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-124-4230204
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US Elevators and Escalators Market is Led by Stabilizing Economy and Rise in Construction of High-Rise Commercial and Residential Complexes: Ken Research

US elevators and escalators market size, market segmentations by new equipment installation & maintenance & modernization, by elevator (by end usage (passenger elevator market and material handling market), by type of machinery (traction (gear & gearless) & hydraulic (conventional hydraulic & roped) and MR & MRL), by door types and by sector (commercial complexes and residential complexes)) and by escalator (by end usage and by escalators & moving walkways). The report also covers market in different aspects such as trends and developments, issues and challenges, Porter Five Force analysis, contract for installation and maintenance of an elevator or escalator, safety rules issued by regulating authority, market share of major companies, company profiles of major players (Kone, Otis, FujiTec, Schindler, Mitsubishi and ThyssenKrupp) in elevators and escalators market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
Elevators and Escalators market in US has been supported by maintenance and modernization of existing equipments and the stabilizing economy of the country.
The increasing investment by the government in public infrastructure and rise in number of commercial and residential complexes will lead the growth of the US elevators and escalators market in the upcoming years.
The US is gradually reviving from the economic crises of 2007. The expansion of the economy is likely to continue on the back of strong business and consumer confidence. Owing to the fiscal policy of the country it is assumed that the tax rates will be lowered and the investment and consumption will increase.  There is a positive outlook towards business in the country. The government’s investment in public infrastructure is expected to increase in the future. With the development of public spaces in towns and cities the demand for elevators and escalators will be augmented in the future.
The companies in the industry are constantly investing in development of new technology and safe designs. The introduction of these pioneering designs and innovations instill growth in the industry for years to come. The integration of mobile technology is opening new gates of innovation & operational efficiency for companies and making jobsites safer for workers. The number of commercial and residential complexes throughout the country is increasing substantially. A boom in the US real estate sector is expected after years of negative growth. The unemployment rate in the country has fallen substantially and is expected to dip further. The migration towards town and metro cities is expected to increase, which will lead to increase in urban population of the country. Increase in urban population will further create demand for housing and commercial space and will positively affect the elevator and escalator industry. A number of new projects have further propelled growth in the industry. Projects like the development of three world trade centers in New York, mass number of high-rise buildings in Portland, expansion projects in university of Virginia, University of North Carolina, Cleveland State University, Marquette University and other notable projects across the country will provide robust growth to the industry.
Ken Research in its latest study, US Elevators and Escalators Market by New Equipment Installation & Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving Walkways) - Outlook to 2022, suggests that the elevator and escalator market in the US will grow at a gradual rate owing to the rise in real estate investment and growing urban population.
Key Topics Covered in the Report:
US Elevator Maintenance Market 2017
US Elevator Demand
US Elevator Maintenance Market
US Escalators Maintenance Market
Hydraulic Elevators Demand in US
New Equipment Installations in US Elevators Market
US Elevators and Escalators Market
US Elevators and Escalators Market Outlook
Major Companies US Elevators and Escalators Market
Thyssenkrupp US Revenue from Elevators and Escalators
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Friday, January 19, 2018

US Elevators and Escalators Market Outlook to 2022: Ken Research

US Elevators and Escalators Market by New Equipment Installation & Maintenance & Modernization, by Elevator (by End Usage, by Type of Machinery, by Door Types and by Sector) and by Escalator (by End Usage and by Escalators and Moving Walkways) - Outlook to 2022” provides a comprehensive analysis of elevators and escalators market in US. The report covers US elevators and escalators market size, market segmentations by new equipment installation & maintenance & modernization, by elevator (by end usage (passenger elevator market and material handling market), by type of machinery (traction (gear & gearless) & hydraulic (conventional hydraulic & roped) and MR & MRL), by door types and by sector (commercial complexes and residential complexes)) and by escalator (by end usage and by escalators & moving walkways). The report also covers market in different aspects such as trends and developments, issues and challenges, Porter Five Force analysis, contract for installation and maintenance of an elevator or escalator, safety rules issued by regulating authority, market share of major companies, company profiles of major players (Kone, Otis, FujiTec, Schindler, Mitsubishi and ThyssenKrupp) in elevators and escalators market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

Industry Overview
The US economy has financially stabilized since the crises and it appears as the worst of the recession is over. The economy is gradually expanding and is likely to continue the trend in the future. The unemployment levels are the lowest since 2000 and the fiscal policy has stimulated growth in investment and consumption. Many large cities in the country, such as New York, Los Angeles and Miami are showing tremendous growth in high-rise/commercial construction industry. The elevators and escalators market has also grown substantially in the country. The market has witnessed growth at a rate of ~% during 2012-2017. The overall market grew from USD ~ million in 2012 to USD ~ million in 2017. In the wake of the economic crises, companies operating in the elevators and escalators market are beginning to land with new contracts. The increased spending on hotels, office buildings, warehouses and data centers for maintenance and modernization have supported the growth in the industry. The demand for skilled workers for maintenance and up-keeping has increased in the past few years. The American Society of Mechanical Engineers (ASME) code that regulates the safety standard for elevators and escalators is frequently revised for ensuring safety of the users. The companies regularly modernize their installed equipment to comply with the regulation. With the revival of the economy the construction industry is also booming and so is the market for elevators and escalators in the country.

Market Segmentation of US Elevators and Escalators Market
US Elevators and Escalators Market: The US market for elevators and escalators has been bifurcated into two segments; new equipment installation and maintenance & modernization. In 2017, the revenue contributed by installation of new equipment was ~% (USD ~ million) of the total elevators and escalators market in US. While the rest ~% (USD ~ million) of share in the market was contributed by maintenance and modernization of already installed equipments.

US Elevators Market Segmentation: The elevators market in the US has been further segmented by sector, by types of machinery, door types and by end usage. On the basis of sector, the elevator market can further be bifurcated into elevators used in commercial complexes (retail spaces, office complexes, schools & colleges, hospitals, hotels and public infrastructure (airports, railways etc.)) which contributed ~% (USD ~ million) of the overall elevator market in 2017, while the rest ~% (USD ~ million) was contributed by elevators used in residential complexes. By type of machinery used, the elevator market was bifurcated into traction machinery which contributed ~% (USD ~ million) and the rest ~% (USD ~ million) was contributed by hydraulic machinery. The elevator market can also be bifurcated into Machine Room (MR) which contributed ~% (USD ~ million) and Machine Room Less (MRL) which contributed ~% (USD ~ million) of the overall elevator market in 2017. The elevator market has also been bifurcated on the different types of doors used in an elevator. On the basis of end usage the elevator market has been segmented into passenger elevator market and material handling elevator market. The passenger elevator market contributed a share of ~% (USD ~ million) to the overall elevator market in 2017, while the rest ~% (USD ~ million) was contributed by material handling elevator market.

US Escalators Market Segmentation: The escalators market in US has been further segmented by sector and by escalators & moving walkways. On the basis of sector, the escalators market can further be segmented into different types of commercial complexes (retail spaces, office complexes, schools & colleges, hospitals, hotels and public infrastructure (airports, railways etc.)). The market has also been segmented into stair escalators which contributed ~% (USD ~ million) and moving walkways which contributed the rest ~% (USD ~ million) to the overall escalators market in US in 2017.

Competitive Scenario in US Elevators and Escalators Market
The elevators and escalators market is highly concentrated and comprises of all the global players of the industry. The competition in the market is high as companies follow globally accepted standards. The entry of a new player is extremely difficult as the investment capital is very high. Companies have their own sales office and team in different parts of the country. The major players in the US elevator and escalator market are; Kone, Otis, FujiTec, Schindler, Mitsubishi and ThyssenKrupp.

Kone is one of the leading manufacturers of elevators and escalators in the world. The company was founded in 1910 and has its headquarters in Espoo near Helsinki, Finland. Apart from manufacturing of elevators and escalators the company provides maintenance and modernization services. The company was also the pioneer in machine room less elevator system. The company accounted for a share of ~% in the overall elevator and escalator market in US during 2017. Otis is the world’s largest manufacturer of vertical transport systems. The company is a pioneer of safety elevator in the industry. The company has its headquarters in Farmington, Connecticut, US and employees around 66,000 people worldwide in more than 200 countries. The company accounted for a share of ~% in the overall elevator and escalator market in US during 2017. Fujitec is a Japanese company founded in 1948 in Osaka, Japan. The company also has its operational headquarters in Americas, South Asia, East Asia and Europe. The company has its sales and services office at different locations in the country. The company accounted for a share of ~% in the overall elevator and escalator market in US during 2017. Schindler is a Swiss company founded in 1874 and has its headquarters in Ebikon, Switzerland. The company employs more than 5,000 people in over 250 locations across North America. The company accounted for a share of ~% in the overall elevator and escalator market in US during 2017. Mitsubishi Electric was founded in 1921 in Japan. The company started manufacturing elevators and escalators in 1931 and started its elevator business in the US in 1985. The company has its offices at multiple locations throughout the country. The company accounted for a share of ~% in the overall elevator and escalator market in US during 2017. ThyssenKrupp is a multinational conglomerate based in Duisberg and Essen, Germany. The company is one of the leading manufacturers of elevators and escalators in the world. The company accounted for a share of ~% in the overall elevator and escalator market in US during 2017.

Future Potential of US Elevators and Escalators Market
The revenue from the US elevators and escalators industry is projected to register modest growth over the period 2018-2022. It is projected to grow by CAGR of ~% over the period 2018-2022 and is expected to reach USD ~ million in 2022 as compared to USD ~ million in 2018. The country is reviving from the recession and the future prospects of the growth in the economy look robust. The country’s real estate sector is witnessing growth and is expected to receive more investments in the future. The urban population in US has been on the rise, and with growing opportunities more people are expected to migrate towards cities. This will further create the demand for urban infrastructure and thus will be a key driver of growth in the elevator and escalator market in the US. With the stabilizing economy the investment for building commercial high rise buildings, public infrastructure requirements and residential complexes is expected to grow substantially. All these factors collectively will foster growth in the market.

Key Topics Covered in the Report:
US Elevators and Escalators Market
US Elevators and Escalators Market Outlook
US Elevator Demand
US Elevator Maintenance Market
US Escalators Maintenance Market
Competition US Elevators and Escalators Industry
Major Companies US Elevators and Escalators Market
Otis US Revenue from Elevators and Escalators
Kone US Revenue from Elevators and Escalators
Schindler US Revenue from Elevators and Escalators
Mitsubishi US Revenue from Elevators and Escalators
Fujitec US Revenue from Elevators and Escalators
ThyssenKrupp US Revenue from Elevators and Escalators
New Equipment Installations in US Elevators Market
Hydraulic Elevators Demand in US

For more information on the research report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/us-elevators-and-escalators-industry-research-report/142622-97.html

Related Reports by Ken Research
https://www.kenresearch.com/manufacturing-and-construction/industrial-engineering/india-industrial-automation-market-research-report/4480-97.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/india-facility-management-market-research-report/6193-97.html

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/china-elevator-escalator-market-research-report/421-97.html

Contact:        
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-124-4230204
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