The Market for Pediatric Drugs In India Is Expected to cross INR 960 Billion in the Future: Ken Research

India pediatric drugs and vaccine market has witnessed tremendous growth in the last five years largely due to high number of annual births recorded at around 25 million, launch of generic formulations of several pediatric drugs including flavored TB drugs, inclusion of several vaccines in the national immunization schedule of the country and inclining coverage of children vaccination under national immunization schedule.

In the last few years, medium to large Indian pharmaceutical companies have aggressively invested in international acquisition of companies to strengthen their foothold in developed and emerging markets globally.

India’s healthcare spending is one of the lowest in the world with the country spending only 1.2% of its GDP on health care as compared to 8.3% by the US and global mean of 5.4%, as of FY’2016. It also has the highest infant mortality rate and maternal mortality rate in the world. This has propelled the pharmaceutical industry to address the existing unmet challenges. The industry has come out with drug formulations for infants against some life threatening diseases such as tuberculosis and pneumonia which has helped to curb down the infant mortality rate in the country.

The market for pediatric drugs and vaccines in India is almost entirely driven by companies manufacturing generic drugs. Almost all pharmaceutical companies operating in the country have expertise in developing generic drugs formulations of branded drugs developed by international companies so as to cater with underprivileged populations at a much cheaper price.

India has a huge disease burden and a large part of drugs sold in the country is meant for the treatment of several infectious and non-infectious diseases prevalent in the pediatric population. Pediatric drug are commonly used for diarrheal diseases such as cholera and viral gastroenteritis. Respiratory diseases including pneumonia and tuberculosis are other commonly treatable conditions for which drugs find extensive usage in the country.

Anti-infectives were the most frequently prescribed drug class by pediatricians, with over 80% of the prescriptions had some form of prescribed antibiotics. This is due to the wide scale prevalence of children being affected by respiratory diseases or some sort of microbial infections at regular basis.

India has emerged as leading vaccine producer in the world, in terms of doses of vaccines produced, and has about 12 major vaccine manufacturing facilities across the country. Vaccines manufactured in these facilities are offered in both national and international market (over 150 countries). With over 25 million births every year, the domestic market for vaccines in India is huge. The country has been self sufficient in meeting the domestic needs, with private sector responsible for providing a large part of the supply needs.

Key Factors Considered in the Report

Pediatric Drug Development

Trends Pediatric Vaccine Market

Number Of Pediatrician Statistics

Pediatric Tuberculosis Drug Market

Drug Information, Dosage, Side Effects

Vaccines Market Growth India

Drug Pipeline Pediatric Drug

Vaccine Clinical Trials India

Pediatric Drug Market Industry Size

New Drug Launches India Pharma Sector

Pediatric Vaccine Serum Institute Of India

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

https://www.kenresearch.com/healthcare/pharmaceuticals/india-pediatric-drug-vaccine-market/81319-91.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

India Pediatric Drugs And Vaccines Market Future Outlook To 2021: Ken Research

How the Pediatric Drugs and Vaccines Market is Positioned in India?

India, a home of the largest pediatric population of the world and also has the highest number of annual child births in the world. However, almost 80-90% of the drugs used in children presently have never been studied for their efficacy in pediatric population. In India, results of the studies conducted in adult population are extrapolated for use in children. There are no specific medicine development regulations for pediatrics. Indian clinical practice relies heavily upon safety and efficacy data published in other developed countries or on inference from adult dosing. India pediatric drugs and vaccine market has witnessed tremendous growth in the last five years largely due to high number of annual births recorded at around ~ million, launch of generic formulations of several pediatric drugs including flavored TB drugs, inclusion of several vaccines in the national immunization schedule of the country and inclining coverage of children vaccination under national immunization schedule.

The market for pediatric drugs and vaccine in India has been dominated by pediatric drugs, driven by the availability of large portfolio of drugs for treatment of several diseases as compared to a limited number of vaccines for prevention of some infectious diseases. High efficacy of vaccines has ensured prevention against diseases by virtue of few doses of vaccines. On the other hand, repeated incidence of some or the other non-vaccine preventable medical conditions coupled with comparatively heavy requirement of drug doses have resulted in a far greater usage of drugs. India pediatric drugs and vaccine market has grown at an overwhelming pace in the last five years, exhibiting growth at a CAGR of ~% during the period FY’2011 to FY’2016 from INR ~ billion in FY’2011 to INR ~ billion in FY’2016.

How has the Pediatric Drugs Segment Performed?

About ~% of child mortality is registered in the country. Respiratory diseases including pneumonia and tuberculosis are other commonly treatable conditions for which drugs find extensive usage in the country. Nearly ~ million children are reported to die due to pneumonia every year. Owing to less prevalence of lifestyle diseases amongst pediatric population, market share of drugs meant for management of diseases has been low. Drug meant for management of diseases are typically chronic diseases, particularly degenerative non-communicable diseases (NCDs) such as chronic respiratory diseases, cardiovascular diseases, cancer, HIV/AIDS and diabetes amongst others.

Anti-infectives were the most frequently prescribed drug class by pediatricians, with over ~% of the prescriptions had some form of prescribed antibiotics. This is due to the wide scale prevalence of children being affected by respiratory diseases or some sort of microbial infections at regular basis.  Anti-histamines are drugs used for the treatment of allergies. Owing to high occurrence of allergies amongst children, anti-histamines are next best selling drug class. Commonly prescribed anti-histamines include chlorphenamine, dexamethasone, epinephrine, hydrocortisone and prednisolone. In India, about ~% of children aged between 5-11 years are known to suffer from asthma and the prevalence is expected to rise further with growing industrialization and changing biodiversity.

What is the Scenario of the Pediatric Vaccines Segment?

India has emerged as the leading vaccine producer in the world, in terms of doses of vaccines produced, and has about ~ major vaccine manufacturing facilities across the country. Vaccines manufactured in these facilities are offered in both national and international market (over 150 countries). With over ~ million births every year, the domestic market for vaccines in India is huge. The country has been self sufficient in meeting the domestic needs, with private sector responsible for providing a large part of the supply needs. However, India lacks in coverage rate of basic vaccines. The Indian domestic market for Universal Immunization Programme (UIP) alone is over ~ million doses. The R&D cost of UIP vaccines is minimal; however, the non-UIP vaccines involve technology licensing, R&D, infrastructure and operational costs. In addition, stringent regulatory requirements for the licensing of newer vaccines, add up to the cost.

More than ~% of all measles vaccines used globally are produced in India. Moreover, Indian firms are big suppliers to the UN agencies, accounting in between ~% and ~% of the vaccines purchased by organization every year. India has emerged as a major vaccine producer in recent times by focusing on geographical regions where vaccines are not funded by the UN or charitable organizations and strategic ties with UN and government agencies to supply vaccines at affordable prices. The Indian pediatric market for vaccines has grown at a remarkable CAGR of ~% during the period FY’2011-FY’2016.

The growth was attributed to some crucial vaccines (polio, hepatitis B, MMR and BCG) manufactured by Indian companies constantly featured in WHO’s prequalified list coupled with the fact that Indian companies (Serum Institute of India, Bharat Biotech, Panacea Biotec) acted as major suppliers of vaccines to WHO, UNICEF, PATH and other UN agencies. The market for pediatric vaccines grew from INR ~ billion in FY’2011 to INR ~ billion in FY’2016.

Companies Cited in the Report

List of Major Companies                          Companies Covered in the Report

Sun Pharmaceuticals

Lupin Pharmaceuticals

Cipla

Dr. Reddy’s Laboratories                            Major Players

Abbott India

Serum Institute of India

Panacea Biotec

Bharat Biotech

GSK Pharmaceuticals

Biological E Limited

Key Factors Considered in the Report

Comprehensive analysis of the India pediatric drugs and vaccines market and its segments

Listed major players and their offerings

Identified major developments in last few years and assessed the future growth of the industry

Government initiatives taken to stimulate the growth of the market. 

For more coverage click on the link below:

https://www.kenresearch.com/healthcare/pharmaceuticals/india-pediatric-drug-vaccine-market/81319-91.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Exploding Mass Affluent Population in UK and its impact on Insurance Industry: Ken Research

Ken research announced recent publication on, "Targeting UK Mass Affluents with Insurance." The report explores the differing attitudes and insurance needs of higher affluence customers in comparison to the mass market. It explores the demographics of the group, the products they hold, and their purchasing preferences. It also highlights the leading providers for mass affluent, and discusses the opportunities and best ways providers can reach and engage with this customer group. It can be put to use my marketers to understand the differing needs of very affluent customers in comparison to the mass market and to improve customer engagement by recognizing what is most important to mass affluent customers and how insurers can adapt their products and services to meet their needs. It is a suitable solution to discover the top providers within the very affluent insurance market and thus, to explore the opportunities the mass affluent market provides in terms of insurance innovation.

The ‘mass affluent’ represent an important target market for the retail banks, with several offering ‘premium’ products and services designed specifically for this moderately wealthy demographic. The level of financial wealth held by UK households has increased by dramatic proportions in the last twenty years. Offering a premium or lower-entry private bank account not only helps to reach these more profitable individuals, but also acts as a useful gateway product, through which other products and services can be channelled. The mass affluent population in the UK is growing, meaning the demographic is an opportunity for providers selling personal insurance. Mass affluent are more likely to be male, have higher household incomes, and be married compared to retail customers. The assets of mass affluents are higher value, making their insurance needs more complex. They have different lifestyles compared to retail customers, meaning they also have different insurance needs. They travel abroad more often, and are more likely to own a second home, a car that requires specialist insurance, and high-value items that require additional cover.

The main reason for this marginal slow down in the rate of financial wealth accumulation is that we are not expecting another bull-run on the London stock market. However disposable income growth and savings rates are expected to remain as high as they have been in recent years. The factors determining wealth distribution – world trade, labour market deregulation, self-employment, executive stocks and options, the technology entrepreneurs, taxation and attitudes to savings – will in combination act to make the skew in wealth distribution more acute. Their impact will increase the share of wealth for the top twenty percent, but their effect will be less intense than it has been over the last five years. Private wealth is measured in the UK with perhaps more precision than virtually anywhere else in the world. This is mainly because of the British affinity for home-ownership and private pensions, two industries that are closely regulated; London’s importance as a world financial centre, another source of regulation; and the efforts of the Inland Revenue Service in securing capital gains and inheritance taxes. However, UK citizens are not required to declare their wealth levels in the way that they have to reveal, on an annual basis, their personal incomes. For wealth itself is not directly taxed; it is the income from wealth – interest, dividends and profits from assets – that are subject to income and capital gains taxes..

The sources of financial wealth – why the numbers of ‘mass affluent’ have grown The distribution of wealth (in its broadest form) in the UK is mostly the result of wealth accumulation of previous generations. Tax structures and changes in the nature of employment may have affected the distribution at the margin, but much of the store of personal wealth has been inherited by its current owners. Pillars on which this population incremented were:

The growth of the world economy is a vital engine of economic growth for the UK. The problems caused by the appreciation of sterling’s value against the euro zone currencies since 1996 have emphasised the UK’s dependence on the world economy for trade and job creation. The last decade had seen continual openings of foreign markets, from eastern Europe to China, as more of the world has adopted capitalist new consumers and lower cost production facilities, have encouraged capital mobility on an unprecedented scale.

Labour market de-regulation

Another source that has acted to heighten the skew in the distribution of wealth is the gradual de-regulation of employment in the UK during the 1980s. While employment law has certainly become more complicated over the last decade, especially for small companies, there has been increased freedom for companies to adjust their workforce size and location and to retain and reward highly skilled workers. This trend has mirrored the decline in influence and membership of trade unions and other occupational associations.

Self-employment

Self-employment has been important to financial wealth creation because it not only brings about greater financial control for individuals who have to provide accounts of their business but also encourages more detailed financial planning because of the inherent risks involved in self-employment

The spread of executive stocks and options

The use of stocks and options to remunerate and retain staff has increased rapidly during the last five years. The aim is obviously to tie key staff members into the medium term business plan, to motivate them and perhaps to defer their full remuneration until profitability of the business venture has been confirmed. Government organised share-save schemes, giving tax allowances for employee share-buying over time, has undoubtedly encouraged this form of remuneration.

The penetration of personal insurance products is higher among mass affluents than retail customers, and they pay higher premiums. In the UK, mass affluent individuals tend to be more mature, although they are not exclusively. This wealthier segment of the population comprises a diverse range of people: from young entrepreneurs and high-income earners, seeking to build their wealth, to income-poor but asset-rich retirees, who are seeking to maintain a good standard of living in retirement and/or tax-efficient ways of passing on wealth.

Topics covered in The report

·         HNW market research Report UK

·         UK high net worth individuals Population

·         UK money remittance industry report

·         UK Payment Industry Research report

·         Discretionary asset management Market UK

·         UK wealth management market research report

·         UK Insurance Industry Research report

·         Europe Insurance industry research

·         Targeting UK Mass Affluents with Insurance report

For more coverage click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/targeting-uk-mass-affluents-with-insurance/80164-93.html

  

Related links:

Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020

Non-Life Insurance in Hungary, Key Trends and Opportunities to 2020 

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com

+91-124-4230204
www.kenresearch.com

Ken Research: How is the UAE UPS Market Is Positioned?

UAE UPS market has been witnessing considerable year on year growth over the past decade as the number of SMB’s and other commercial establishments have continuously risen during the period. Moreover, the IT and data center market of the country has also enhanced providing a significant boost to the industry over the period 2011-2016. Data centers has accounted for a large apportions of demand for online types of UPS systems in the UAE. The data center services market in the country has amplified from USD ~ million in 2014 to USD ~ million in 2016.  Such growth in the data center market has further supplemented the growth in the UAE UPS market over the period 2011-2016.

The market is largely dominated by three players namely APC, Vertiv and Eaton that have accounted for a combined revenue share of ~% in 2016. UAE UPS market was valued at USD ~ million in 2011, which augmented to USD ~ million in 2016.

UAE UPS market thrives majorly from the import of tools from countries such as China, the Philippines, Germany, Italy, US, India, France, Slovakia and others.  Almost all the manufacturers present in the industry are importing ~% of their goods from these countries. The proportion of domestic production is almost negligible. None of the key players operating in the market is manufacturing their UPS systems domestically in the UAE. The custom duty on import of UPS systems in the UAE is ~% due to which all the major players are importing their products and saving on various investment costs.

Indirect channel is the most prevalent way of selling UPS systems in the UAE. Majority of the manufacturers in the market have channel partners spread in different parts of the country.  Major companies like APC, Eaton, Emerson Network Power/Vertiv and Tripp Lite have a distribution network consisting of two entities, Resellers and System Integrators.

What have been the Major Segments that has Driven Change?

Segmentation by Type of UPS

Line interactive type has been the most popular UPS type in the UAE due to high reliability, ideal for rack/distributed servers and for harsh power environments. These types of UPS systems are demanded by majority of commercial establishments in the UAE due to which it has gathered the largest share in the market. It has accounted for a share of around ~% during 2016. Online systems followed line interactive systems due to its popularity among large organizations and data centers. Moreover, online systems are slightly more expensive considered to line interactive systems, resulting in high revenue generation.

By KVA Rating

Below 10 KVA have gathered the share of ~% in the UAE UPS market during 2015, by revenue. Majority of SME’s in the UAE use UPS systems with KVA rating below 10. As of 2016, there are around ~ SMEs in the UAE that for around ~% private-sector employment. SME’s in Dubai have witnessed around ~% year on year growth in Dubai over the period 2011-2016 With around ~ new SME’s opened in Dubai alone during 2016. Apart from this, retails shops, malls, schools, colleges and residential sector also demands UPS of below 10 KVA.

By End Users

Commercial segment accounted for the largest share of ~% in the revenues of the UPS market in 2016. There are large numbers of end users from the commercial sector that generate significant demand for UPS systems such as commercial offices, government bodies, educational infrastructures and others. Projects for these end users are considerably larger compared to residential sector. For instance, during 2015, 30 KVA APC by Schneider Electric UPS systems was installed in Dubai Police Headquarters recently. The cost for the project was AED ~ (USD ~) which is significantly more than residential projects. Moreover, the commercial segment generates demand for all three types of UPS systems (line interactive, standby and online).

How Has Imports Driven UAE UPS Market?

UAE UPS market is driven by imports. Almost all the players in the space are importing their UPS systems from different countries and selling them in the UAE.

As of 2016, almost ~% of the UPS systems sold in the UAE are imported. All the major players in the market including APC by Schneider Electric, Emerson/Vertiv, Eaton, Socomec, AEG Power Solutions and Tripp Lite are importing their systems from different countries and selling them in the UAE.

Sales tax or custom duty on import of UPS systems in the UAE is ~%. US, China, the Philippines are the major countries that export UPS systems to the UAE. Apart from these, Germany, Italy and France are also considered as key exporters of UPS systems. As of 2016, these countries account for more than ~% of the total share of import of UPS systems in the UAE.

Companies Cited in the Report

List of Companies                                                                   Companies Covered in the Report

• APC by Schneider Electric
• Emerson Network Power/Vertiv Major Players
• Eaton
• TrippLite
• AEG Power Solutions
• Socomec
  

Key Factors Considered in the Report

• Comprehensive analysis of the UAE UPS Market and its segments
• Listed major players and their positioning in the market
• Identified major industry developments in last few years and assessed the future growth of the industry
• Future outlook and projections of the UAE UPS market

For more coverage click on the link below:

https://www.kenresearch.com/energy-and-utilities/power/uae-ups-market-report/80396-103.html

Related links:

https://www.kenresearch.com/energy-and-utilities/power/india-solar-inverter-market-research-report/6502-103.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/hinduja-india-solar-power-stations-program-1000-mw-india/40392-97.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/nlc-southern-india-solar-power-plant-4000-mw-india/44372-97.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

UAE UPS Market Future Outlook to 2021: Ken Research

The report titled “UAE UPS Market Outlook to 2021 - Rising Number of SMBs and Enhancing Commercial Sector to Foster Growth” provides a comprehensive analysis of UPS market in the UAE. The report focuses on overall market size for sale of UPS systems. Market is segmented based on product type and sub segmented based on their essential features and technical specifications. Segmentation is also done on the basis of KVA Ratings. The report also covers customer’s buying decision parameters, competitive landscape of major players in the UAE UPS Market and import scenario. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and trends.

This report helps readers to identify the ongoing trends in the market and anticipated growth in future depending upon changing market dynamics in the coming years. The report will help existing distributors, manufacturers along with end users in UPS division to align their market centric strategies according to ongoing and expected trends in the future

The sector has been witnessing significant growth in recent years, supported by several drivers such as the surging number of SMBs and rising commercial establishments in the country. The industry is represented by major international players such as APC by Schneider Electric, Emerson Network Power/Vertiv, Eaton, TrippLite, Socomec, AEG Power Solution and others. The market for UPS market was evaluated at USD ~ million during 2015, grown at a CAGR of ~% during 2011-2016.

UAE UPS market thrives majorly from the import of tools from countries such as China, the Philippines, Germany, Italy, US, India, France, Slovakia and others. Almost all the manufacturers present in the industry are importing their goods from these countries. The custom duty on import of UPS systems in the UAE is ~% due to which all the major players are importing their products and saving on various investment costs.

Below 10 KVA have gathered ~% share in the UAE UPS market during 2016, by revenue. Majority of SME’s in the UAE use UPS systems with KVA rating below 10.

Line Interactive: Line interactive type has been the most popular UPS type in the UAE due to high reliability, ideal for rack/distributed servers and for harsh power environments. These types of UPS systems are demanded by majority of commercial establishments in the UAE due to which it has gathered the largest share in the market. It has accounted for a share of around ~% during 2016.

Online: Online systems followed line interactive systems due to its popularity among large organizations and data centers. Moreover, online systems are slightly more expensive considered to line interactive systems and have accounted for a revenue share of ~% in the UAE UPS market during 2016.

Standby UPS: Standby UPS is the most common type of UPS used for personal computers. The systems are considered as best value for personal workstations, however for other applications, line interactive and online are better.

UAE UPS market is led by three players, APC by Schneider Electric, Vertiv/Emerson Network Power and Eaton. These three players accounted for a combined revenge share of ~% in the market during 2016. As of 2016, there are around ~ players present in the UAE UPS market.

UAE UPS market has been anticipated to grow at a significant pace over the coming five years. The market growth will be witnessed majorly on the grounds of growing number of SMB’s in the UAE. Growing number of SMB’s in the country will provide major boost to the market over the period 2016-2021. Apart from this the growing IT market in the UAE which demand for technologically advanced expensive UPS systems will also supplement the growth in the industry over the period 2016-2021. UAE UPS market has been projected to grow to USD ~ million by 2021, posting a expected CAGR growth of ~% from 2016-2021.

Key Topics Covered in the Report:

 Market size of UPS Market in the UAE

Segmentation of UPS Market in the UAE by Type of UPS Systems

Segmentation of UPS Market in the UAE by KVA Rating

Segmentation of UPS Market in the UAE by End Users

Import Scenario of UPS Systems in the UAE

Customer’s Buying Decision Parameters

Government Compliances in the UAE UPS Market

Trends and Developments in the UAE UPS Market

Competition Scenario in the UAE UPS Market

Market Share of Major Players in the UAE UPS Market, 2016

Competitive Landscape of Major Players in the UAE UPS Market

UAE UPS Market Future Outlook and Projections, 2017-2021

For more coverage click on the link below:

https://www.kenresearch.com/energy-and-utilities/power/uae-ups-market-report/80396-103.html

Related links:

https://www.kenresearch.com/energy-and-utilities/power/india-solar-inverter-market-research-report/6502-103.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/hinduja-india-solar-power-stations-program-1000-mw-india/40392-97.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/nlc-southern-india-solar-power-plant-4000-mw-india/44372-97.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249