Friday, February 10, 2017

Increasing number of Joint Ventures between Foreign Pump Manufacturers and Domestic Companies to drive Indonesia Pumps Market Growth: Ken Research

The Pump market in Indonesia witnessed a CAGR of 4.3% during the period 2011 to 2016. The small number of large companies operating in this space during this period gave manufacturers the freedom to decide pricing patterns for various centrifugal and positive displacement pumps. The increasing investment by the Government of Indonesia towards clean water supply, wastewater treatment and irrigation development had translated into higher pump sales witnessed by major manufacturers including Grundfos, Torishima and Ebara during the review period.  The entry of new players into the pumps market had resulted in mass competition. Manufacturers had offered deep discounts and price cuts along with complimentary spare parts in order to gain market dominance and this had impacted higher revenue growth of the overall pump market..



Around a decade ago, the market for pumps in Indonesia was predominantly import driven with majority of domestic demand being met through imports from Japan, China, Singapore and Europe. Imported pumps have remained a good market for Indonesia as a result of high brand recognition for these products coupled with durability, efficiency and reliability. The entry of manufacturers that were domestically producing and selling competitively priced pumps in the country caused more end consumers to purchase pumps from these reliable brands. The increasing trend towards the demand for domestically manufactured pumps has caused imports to constitute around 70% of domestic demand in recent years. The Indonesian Government accounted for a robust proportion of pump sales in the country during 2016; which is mainly provided to farmers to bringing in more land under irrigation for better agriculture development; while  a portion of what is procured from manufacturers is also used by the government for water supply and sewage and wastewater treatment plants.
The population in the country has been steadily growing at an average of 1.5% during the review period while the urban population witnessed an average growth of 2.8% during the review period. The growth in population is directly linked to the increasing need for water supply and sewage and wastewater generated by the country
According to Research Analyst at Ken Research, “Existing Pump manufacturers should look to set up precise sales and service centers close to the industries they target in order to ensure prompt delivery of products and quality service support. New entrants should look to collaborate with foreign companies to set up manufacturing facilities for pumps within the domestic territory. In addition to this, the Indonesian Government should provide subsidies in the form of land, buildings and machinery and encourage a positive business climate in the country through the form of tax breaks.”
The report titled “Indonesia Pumps Industry Outlook to 2021 - Increasing Government Initiatives towards Irrigation and Wastewater Treatment with Expansion of Industrial Sector to Drive Growth” provides a comprehensive analysis regarding the performance of the Pumps Market in Indonesia.  This report will help Industry consultants, Pump Manufacturers and dealers, Manufacturing Industries, Real Estate Companies, the Indonesian Government, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Topics Covered in the Report
·         Pumps Sales Indonesia
·         Water Pumps Market
·         Solar Pumps Industry
·         Submersible Pumps Market Growth
·         Positive Displacement Pumps Market Overview
·         Rotary Pumps Market Growth
·         Single Stage Submersible Pumps Market
·         Building Pumps Indonesia Products
·         Grundfos Water Pumps Market Share
·         Water Supply Pumps Industry Sales
·         Wilo Pumps Sales
·         Market Share Analysis Pumps Market
For more information about the publication, refer to following link:
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/indonesia-pumps-market-report/83202-97.html
Related Reports:
India Pumps Market Outlook to 2019 - Driven By Government Investments And Technological Advancements
India PVC Pipes and Fittings Industry Outlook to 2020 - Expanding Irrigated Area and Construction Sector to Stimulate Growth
India uPVC Doors and Windows Market Outlook to 2020 - Growth in Residential Apartments and Development of Smart Cities to Drive Future
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249


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Thursday, February 9, 2017

Falling Consumption of Cigarettes in Bulgaria: Ken Research

Ken research announced recent publication on, "Cigarettes in Bulgaria, 2017". The report gives a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market. Identify the areas of growth and opportunities, which will aid effective marketing planning. The differing growth rates in regional product sales drive fundamental shifts in the market. This report provides detailed, authoritative data on this changes-prime intelligence for marketers. Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future.
Bulgaria has traditionally had one of the highest rates of per capita cigarette consumption. However, the collapse of the duty paid sector since 2009 and the consequent rise in contraband reduced legitimate consumption levels. There has been a trend away from traditional oriental or semi-oriental blends towards American blend and Virginia cigarettes, because of changing consumer tastes and the influx of imported international brands. The true size of the cigarette market and trends in consumption levels had once been extremely difficult to determine accurately due to black market activities, with the overall market size fluctuating according to the affordability of local products and volumes of contraband. There is also a movement towards lighter tastes, particularly towards slim and, latterly, super slim cigarettes.
cigarettes-bulgaria-market
Bulgaria ranks as one of the medium sized cigarette markets of Central and Eastern Europe and is now an EU member country. It was once a major cigarette producer due to the very substantial export trade that the local tobacco industry developed during the communist years. However, this declined during the 1990s and the country effectively became a self-sufficient producer with minimal imports and erratic and opportunistic exports. Bulgaria will return to a higher timetable for the excise tax on cigarettes in a gradual manner by the beginning of 2018. However, one of the reasons for the step is the "aggressive behaviour" shown by some of the traders in tobacco products threatening the entire market. At the end of 2014 and during the first half of 2015 the Bulgarian government decided to impose stricter controls on the factories and excise warehouses which distribute cigarettes to the local market. State inspectors were put at the exit points of all factories and warehouses and were charged with checking the cargo of all personal vehicles and the luggage of all people leaving the buildings. As a result of this strict control, much larger quantities of cigarettes were officially declared and taxed in 2015 than a year earlier, with illicit sales of cigarettes without banderoles falling significantly. The Bulgarian cigarette industry is fairly consolidated, with only seven manufacturers having a measurable share of sales. The situation in 2015, however, was very different from the beginning of the review period, when the category was almost entirely dominated by Bulgartabac Holding Group, whose monopoly was abolished by the Bulgarian parliament at the beginning of 2005. In 2015, Bulgartabac managed to recover some of its lost sales and increased its volume share, mostly at the expense of its direct competitor Philip Morris.  This will result in a "sustainable" increase in prices of cigarettes by January 01, 2018.
Soon Bulgaria will be obliged to introduce the minimum EU excise tax on cigarettes, which is EUR 90 per 1000 pieces. This means prices will go up again as of January 01, 2018. More expensive cigarette brands will be affected by BGN 0.15, while for a pack of more affordable ones the increase will be around BGN 0.10. The overall increase in the sale price would be around BGN 0.20-30 by the end of 2017. The current tax is BGN 70 per 100 pieces, plus 38% of the sale price, but its minimum total value is BGN 161 per 1000. A new timetable for the increase, if adopted, would see a more abrupt increase in the specific tax and a lower ad valorem excise duty, with a minimum threshold of BGN 168.
The "new timetable" was renounced last year in favour of the current one, with critics of the move then arguing it would give an edge to two local cigarette producers. They also insisted EU practices suggested the specific tax - and not the ad valorem duty - should be increased when modifying the excise to base state revenues on the amount of cigarettes sold and not on their market price.
Law enforcement authorities in Madrid and Sofia have unveiled details of a bust some days ago in which 20 Bulgarian citizens, were arrested in connection with three illegal factories illicitly producing millions of euro worth of cigarettes. The cigarettes were made for sale in European Union countries, mainly Belgium, France and the United Kingdom.
Key Factors Considered in the Report
Cigarettes Market Bulgaria
Cigarette Market Consumption Bulgaria
Global Cigarette Production Volume
Bulgaria Cigarette Market Future Outlook
Cigarette Advertisement Expenditure Bulgaria
Bulgaria Cigarette Export Volume
Bulgaria Cigarette Import Volume
Bulgaria Tobacco Market Future Outlook
For more coverage click on the link below:
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Contact Us:
 Ken Research
 Ankur Gupta, Head Marketing & Communications
 Ankur@kenresearch.com
 +91-9015378249
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Non Life Insurance Sector To Intensify In Hungary: Ken Research

Ken Research has announced latest publication titled, “Non-Life Insurance in Hungary, Key Trends and Opportunities to 2020” which provides a detailed outlook by product category for the Hungarian non-life insurance segment, and a comparison of the Hungarian insurance industry with its regional counterparts.
The report furnishes values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020).
By analyzing distribution channels operating in the segment, it gives a comprehensive overview of the Hungarian economy and demographics, and properly explains the various types of natural hazards and their impact on the Hungarian insurance industry along with detailed information on the competitive landscape in the country.


It also includes features of insurance regulations, and recent changes in the regulatory structure as well as provides detailed analysis of natural hazards and their impact on the Hungarian insurance industry. It aids the users in making strategic business decisions using in-depth historic and forecast market data related to the Hungarian non-life insurance segment, and each category within it.
In spite of Europe’s economic slowdown, the Hungarian insurance sector perpetuates to strengthen as more and more of the population seeks greater protection. The Hungarian non-life insurance segment has expanded during the review period at a CAGR of 2.1%.
During the financial crisis, Hungary’s insurance sector proved itself to be crisis-resistant. The market showed an impressive annual growth over the years, and in 2015 the number of total written premiums had increased by 2.2 percent in a non-inflationary environment.
The Hungarian non-life segment accounted for 44.1% of the insurance industry's overall gross written premium and was highly concentrated, with the 10 leading companies accounting for 91.8% of its gross written premium in 2015.
The Insurance Companies and Insurance Activities Act were introduced in December 2014, and came into force on January 1, 2016.
Property insurance was the largest category, accounting for 46.9% of the segment's gross written premium and agencies were anytime considered to be superior to all other means because they involve in-depth understanding of risks and products related to their field and region.
In the future years, this sector is expected to generate more revenues since awareness is bound to rise with the time.
Topics Covered in the Report
  • Hungary Non-life insurance industry Research Report
  • Hungary Non Life insurance market share
  • Non-Life insurance sector trends Hungary
  • Hungary General insurance regulations
  • Motor insurance market research Hungary
  • Property insurance sector Hungary
  • Health insurance demand Hungary
  • Hungary automobile insurance industry research
  • Hungary General Insurance Industry
  • Hungary Non life insurance future outlook
For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-hungary-key-trends/81984-93.html
Related links:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-lebanon/21075-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/japan-insurance-market-research-report/134-93.html
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com
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Location: United States

Expanding aura of Hungary's Non life Insurance Market: Ken Research

Ken research announced recent publication on, "Non-Life Insurance in Hungary, Key Trends and Opportunities to 2020". The report provides a detailed outlook by product category for the Hungarian non-life insurance segment, and a comparison of the Hungarian insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020). The report also analyses distribution channels operating in the segment, gives a comprehensive overview of the Hungarian economy and demographics, explains the various types of natural hazards and their impact on the Hungarian insurance industry, and provides detailed information on the competitive landscape in the country. The report brings research, modelling and analysis expertise, giving insurers' access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
The Hungarian non-life segment accounted for 44.1% of the insurance industry's overall gross written premium in 2015. The Hungarian non-life insurance segment expanded during the review period at a review-period CAGR of 2.1%. The Insurance Companies and Insurance Activities Act was introduced in December 2014, and came into force on January 1, 2016. Property insurance was the largest category, accounting for 46.9% of the segment's gross written premium. Agencies are a highly preferred channel because of their detailed understanding of risks and products related to their field and region. The Hungarian non-life insurance segment is highly concentrated, with the 10 leading companies accounting for 91.8% of its gross written premium in 2015.
global-life-insurance-industry
If compared to its regional counterparts, in Europe the trend of non-life premium revenues, the impact of the economic crisis was felt later, typically through a general decline in demand; consequently, a significant decrease in the premium revenues was seen in 2009 for the first time with a slight delay while 2008 still saw a moderate expansion. The CEE-10 countries performed better, with the changes resulting from the price changes in the premium revenues filtered. The market dynamics in the member states showed a significant dispersion in 2009: in the Baltic States, for instance.
The domestic market under performed in both years in comparison with the regional average. It may considerably stem from the fact that the crisis affected the Hungarian economy more than the regional average. Examination of the distribution of the premium revenues among business lines, it can be established that the greatest weight in the European market is that of the accident and health insurance branch. This is approximately level with the motor insurance branches in terms of premium revenues, followed by insurance against fire, natural disasters and other property insurance as the third most significant branch. The CCE-10 group is characterised by a product mix considerably different from the foregoing, mostly due to the underdevelopment of the health insurance segment. Hungary's market characterizes another major feature-the high ratio of home insurances.
In spite of Europe’s economic slowdown, the Hungarian non life insurance sector continues to strengthen as more and more of the population seek greater protection. During the financial crisis, Hungary’s insurance sector proved itself crisis-resistant. In another sign of its robustness, the market has shown impressive annual growth over the last three years: according to the Hungarian Insurers’ Association, in 2015 the number of total written premiums had increased. Non-life insurance written premiums were the strongest basis of this growth, having increased tremendously. Revenue expansion in non-life insurance can be attributed to the fact that after a long period of time, the fierce premium competition in the field of compulsory third party liability motor insurance did not continue. This in turn has caused the written premiums of this line of business to increase in 2015. Nonetheless, average insurance premiums are still far below the premium level of neighbouring countries. Therefore, although the market continues to show signs of stability, there is scope for considerable growth. Following negotiations, the Insurance Act has been amended in several stages: as of this year, the act now centrally regulates the minimum levels of investment and surrender values while limiting the commission rate payable for life insurance. To further strengthen insurance rules, it has also become mandatory to involve depositaries, and from next January, only those units that have been invested by the insurance company may be shown.
An even more ambitious change is that, uniquely in Hungary, the total expense ratio (TER) – which was introduced in 2010 remains applicable as a legislative provision. Regarding our short-term plans, we understand current economic trends are more beneficial for the development of non-life insurances. We are witnessing organic market development in this field, where both written premiums and penetration are increasing, therefore we are investing significant professional resources into it. Although a stronger regulatory environment does not favour life insurance policies, we can find niche markets in terms of product portfolio and sales channels, in which our company may gain significant advantages. Likewise, we benefit from our flexibility, which enables us to provide services that harmonise with the increasingly rapid pace of life and the habit of planning for the shorter term. Our overall aim is to have people consider Post Insurance – after a year or two, as well as after 10 years – as an easily accessible, reliable and useful partner in many occupations, just as more than three million Hungarian customers have considered us for almost 1.5 decades.
Companies Covered
Allianz Hungaria Biztosito, ZrtGenerali-Providencia Biztosito, ZrtAegon Magyarorszag altalanos Biztosito, ZrtGroupama Garancia Biztosito, ZrtUniqa Biztosito, ZrtUnion Vienna Insurance Group Biztosito, ZrtK&H Biztosito ZrtWaberer Hungaria Biztosito, ZrtKobe KozEp-Europai Kolcsonos Biztosito, Egyes,letMagyar Posta Biztosito Zrt
Key Factors Considered in the Report
Hungary Non-Life Insurance Industry
Hungary Non Life Insurance Companies
Hungary Non- Life Insurance Market Research
Non-Life Insurance Sector Trends Hungary
Hungary General Insurance Regulations
Motor Insurance Market Research Hungary
Property Insurance Sector Hungary
Health Insurance Demand Hungary
Hungary Automobile Insurance Industry Research
Hungary General Insurance Industry
For more coverage click on the link below:
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Contact Us:
 Ken Research
 Ankur Gupta, Head Marketing & Communications
 Ankur@kenresearch.com
 +91-9015378249
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Hungary’s Personal Accident & Health Insurance Demand To Elevate: Ken Research

Ken Research has announced its distribution on, “Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2020” which provides  a detailed outlook by product category for the Hungarian personal accident and health insurance segment, and a comparison of the Hungarian insurance industry with its regional counterparts.
The report furnishes performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020).
By analyzing distribution channels operating in the segment, it gives a comprehensive overview of the Hungarian economy and demographics, and properly explains the various types of natural hazards and their impact on the Hungarian insurance industry along with detailed information on the competitive landscape in the country.
It also possesses features of insurance regulations, and recent changes in the regulatory structure as well as provides detailed analysis of natural hazards and their impact on the Hungarian insurance industry.


It helps the users in making strategic business decisions using in-depth historic and forecast market data related to the Hungarian personal accident and health insurance segment, and each category within it.
Accidents are unforeseen and inevitable and such mishaps take only seconds to turn life upside down. Moreover, the impact is felt on the emotional as well as financial grounds. It can even drain one’s lifetime savings, leaving a family in a difficult situation without resources or help. Hence, securing the family’s future & enabling its basic day-to-day needs in one’s absence becomes of the utmost priority.

The Hungarian personal accident and health insurance segment reckoned for 3.9% of the industry's gross written premium wherein Personal accident insurance accounted for 66.7% of the segment's gross written premium in 2015.
Health insurance was the second-largest category and accounted for 27.5% of the segment's gross written premium in 2015. The Insurance Companies and Insurance Activities Act were launched in December 2014, and came into force on January 1, 2016.
The segment's growth over the forecast period is expected due to reasons such as an increase in road accidents, awareness of health insurance benefits and broadening of the tourism industry.
In the future years, this sector is expected to generate more revenues since awareness is bound to rise with the time.
Topics covered in the Report
·        Non-Life insurance sector Hungary
·        Hungary General insurance Industry regulations
·        Hungary Health insurance market research
·        Hungary Health Personal Accident and Health insurance demand
·        Personal Accident Insurance Industry Hungary
·        Personal Accident Insurance sector Hungary
·        Health Insurance Gross Written Premium Hungary
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Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com
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Wednesday, February 8, 2017

Aftermath of change in tax structure-Cigarette Market in Cambodia: Ken Research

Ken research announced recent publication on, "Cigarettes in Cambodia 2016". The report gives a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market. Identify the areas of growth and opportunities, which will aid effective marketing planning. The differing growth rates in regional product sales drive fundamental shifts in the market. This report provides detailed, authoritative data on this changes-prime intelligence for marketers. Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future. Cigarettes in Cambodia 2016 are an analytical report provides extensive and highly detailed current and future market trends in the Cambodian market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
Cambodia's return to democracy in 1993, while bringing about conditions that should in theory benefit a market such as cigarettes, was also accompanied by rising non-duty paid sales. This resulted in duty paid volumes dropping to around six billion pieces in 2006, although some improvement to 7.5 billion pieces was recorded by 2014. Per capita consumption rates have fallen as the country's population has expanded and stood at 485 pieces in 2015, 24.9% lower than in 1990. Cambodia has a rapidly growing population of 15.5 million people in 2014.
Only just over half of cigarettes smoked are filtered, their share up only slightly on 1990. Virginia blends are the most popular. With per capita incomes rising, demand for mid-priced brands is growing. However, it is high priced brands that are seeing the strongest growth, their share rising to 6% of volumes in 2007 compared with only 2% in 2004. Until the mid-2000's Cambodia had a relatively relaxed approach towards the regulation of the tobacco market. This changed in November 2005, when the country's government ratified the WHO's Framework Convention on Tobacco Control. Moves following the ratification of the FCTC include the launch of graphic on-pack warnings in July 2010. 
America, Vietnam, Malaysia, Indonesia, Switzerland, Thailand, and China are just a few of the sources of imported cigarettes in Cambodia. Cigarette promoters will have to stop work when a tobacco advertisement ban takes effect in late August, a health official said yesterday. A February sub-decree, which also bans advertising tobacco in the media and on billboards, states that the “promotion of tobacco products to customers by agents of tobacco companies shall be prohibited.” Yel, Daravuth, tobacco-free initiative project managed at the World Health Organization, said this clause meant that cigarette promoters would have to seek alternate jobs.
Within almost six months of a sub-decree going into effect requiring graphic warnings on all cigarette packages, Health Minister Mam Bunheng issued a second warning this month to tobacco companies not complying with the regulations, threatening to take legal action. The January 16 warning follows a first notice issued in early October prompted by companies’ low compliance with the sub-decree, which went into effect in July. Under the rules, graphic photos must cover 50 percent of cigarette packets, and a written message in Khmer must cover another 5 percent. Those found violating the rules are subject to fines of about $1,000 for tobacco companies, $500 for distributors and wholesalers, and $2.50 for retailers. The ministry will take legal action soon for companies that don’t obey the law and sub-decree,” Bunheng said in the warning. “The ministry . . . will not issue a third warning.” Ung Phyrun, secretary of state at the Ministry of Health, said the ministry will only warn companies twice before punishing them. “This is the principle to make everyone obey the law, to make the companies aware of this,” he said. Phyrun would not directly address why companies are still non-compliant. “We will talk to all the [tobacco] companies that are doing [business] in Cambodia,” he said.
Cigarette companies are spending millions of dollars in advertising and promotional campaigns in Cambodia. Yet the market is small - five to seven billion sticks sold per year - and annual growth, at roughly three percent, is not spectacular. According to studies by, 70 percent of all males smoke, while cultural taboos suggest that the cigarette industry will not be able to make inroads among females: only one female in ten smokes, and nearly all of them are above 40 years old. Instead, companies are spending millions building brand loyalty in a country where consumers seem to switch brands on a whim. This means targeting the 18 to 35-year-old smoker and depending on the aspiring middle class to move from their medium-priced cigarettes to higher-priced brands.
For more coverage click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/cigarettes-cambodia-2016/79693-11.html 
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Contact:Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
www.kenresearch.com
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India Pediatric Drugs and Vaccines Market Size on the Basis of Revenues: Ken Research

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 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.
How Has The Pediatric Drugs Segment Performed?
Indian pediatric drug industry has been driven by the overwhelming performance of the pharmaceutical industry which is the third largest pharmaceutical market in terms of volume and thirteenth largest in terms of value, contributing towards 10% of global production.
The pediatric drugs market in India grew at a staggering CAGR of ~% during the period FY’2011-FY’2016 from INR ~ billion in FY’2011 to INR ~ billion in FY’2016. Owing to an astounding number of births in the country, the pediatric drugs market exhibited growth at a faster pace than the overall pharmaceutical market of the country during the concerned period. Rising prevalence in the diseases among children is other major factor which has led to the growth in the market during the historical period. For instance, Asthma has been observed to grow at a rapid pace during the historical period. In fact, the market grew by over ~% in FY’2016 due to the launch of flavored TB drugs and WHO’s alliance with Mumbai based Macleods Pharmaceuticals to developed TB drugs for children and supply it globally.  
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.

For more information about the publication, refer to below link:
https://www.kenresearch.com/healthcare/pharmaceuticals/india-pediatric-drug-vaccine-market/81319-91.html 

Related Reports:
Global Glaucoma Treatment Drugs Market Forecast to 2020 - New Product Launches Expected to Boost Market

US Aesthetic Lasers and Energy Devices Market Outlook to 2020 - Aging Population and High Prevalence Rate of Obesity to Foster Future Growth

Qatar Wellness Market Outlook to 2020 - Rising Awareness about health & Fitness and Prevalence in Lifestyle Diseases will drive the Market
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249


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