Thailand Express Delivery and E-Commerce Logistics Market: Ken Research

Thailand E-Commerce Logistics Market Segmentation

By Channel

3PL companies in Thailand E-Commerce Logistics Market have dominated E-commerce logistics market with the share of ~% in terms of number of orders received during 2017. Some of the major 3PL companies include Kerry Logistics, DHL, CJ Logistics and others which provide end to end services i.e. from securing inventory in a warehouse to transporting goods from one place to another. E-commerce merchants via their in-house logistics team captured the remaining market share of ~% in terms of number of orders in the year 2017. Major Major E-commerce companies in Thailand include Lazada Thailand, Shopee, 11Street and JIB which have their own well established distribution channel in the country.

Thailand, average ecommerce order size is found to be around ~ USD; thereby companies here go the extra-mile for fast delivery. Growing expectations of consumers towards fast shipping from e-retailers has led to rise of same-day delivery option in Thailand. The segment captured a market share of ~%, thus evaluated at ~ million orders in Thailand E-commerce logistics market in the year 2017.  The 2 day delivery segment also known as the standard delivery segment, followed with a market share of ~% in terms of number of orders, thus evaluated at THB ~ million in Thailand E-commerce logistics market in 2017.

By Speed of Delivery

The 1 day delivery, commonly known as express delivery segment was observed to be chosen as the most preferred shipping choice for Thailand’s digital buyers owing to the rise in availability for free shipping among many e-retailers in the country and e-logistics service providers.

Thailand, average ecommerce order size is found to be around ~ USD; thereby companies here go the extra-mile for fast delivery. Growing expectations of consumers towards fast shipping from e-retailers has led to rise of same-day delivery option in Thailand. The segment captured a market share of ~%, thus evaluated at ~ million orders in Thailand E-commerce logistics market in the year 2017.  The 2 day delivery segment also known as the standard delivery segment, followed with a market share of ~% in terms of number of orders, thus evaluated at THB ~ million in Thailand E-commerce logistics market in 2017.

By Payment Method

The Cash on Delivery (COD) segment established itself as market leader in Thailand E-commerce logistics market with a massive revenue share of ~% in the year 2017. COD remains the dominant means of payment method accepted by merchants in the country owing to low consumer confidence in online payments and limited card penetration.  Thai consumers appreciate the simplicity and value of COD, which comes without additional charges.

Other payment modes such as bank transfers, payment cards, e-wallets and scratch cards collectively captured the remaining share ~% in Thailand E-commerce logistics market in 2017.

By Area of Delivery

The intra-city segment within Thailand E-commerce logistics market established itself as market leader with a massive market share of ~% in terms of number of orders, thus evaluated at ~ million orders in the year 2017. The reason for the capture of the E-commerce logistics market has been the growing number of investments in the intra-city logistics sector and launch of logistics firms like Ninja Van, Lalamove, Skootar, Alpha, SCG Express and Others.

The intercity segment within Thailand E-commerce logistics market accounts for USD ~ million worth of deliveries and account for the rest ~% of the market.

Comparative Landscape in Thailand E-Commerce Logistics Market

The E-commerce logistics market in Thailand was observed to highly concentrate with the presence of major players such as Kerry Logistics, DHL, CJ Express, SK Logistics, Shippop, aCommerce, FedEx, TNT and Others in the year 2017. These logistics companies in Thailand compete on the basis of shipping points, coverage area, delivery boys, prices, payment collection methods and associations with E-commerce merchants.

The e-commerce logistics companies either have their own fleet of shippers or have employees act as shippers or outsource the delivery aspect to a third party. Since the E-commerce business environment has become more dynamic and competitive, the companies tend to demand better logistics services which are flexible and cost effective in nature. The e-commerce logistics companies either have their own fleet of shippers or have employees act as shippers or outsource the delivery aspect to a third party.

Thailand E-Commerce Logistics Market Future Outlook and Projections

Over the forecast period, Thailand E-commerce logistics market is expected to drive demand from rising E-commerce spending especially by a young, smart phone addicted and incredibly internet-savvy millennial group which has prompted E-commerce platforms in Thailand to alter strategies to cater to the younger generation. The Thailand 4.0 policy vision promises to be a huge boost for the economy turning the Thai economy into an innovation driven enterprise. This will not only drive the demand for smart machines and better connectivity but also expand the market of ecommerce and hence e-logistics in Thailand. Online shoppers in Thailand expect their delivery experience to be convenient, intuitive and seamless. Likewise, e-tailers want to be able to sync their orders from click to delivery, tracking shipments on their mobiles and, able to inform and update customers about the delivery progress. Thailand E-commerce logistics market is expected to generate revenues worth THB ~ billion in 2018 to THB ~ billion by the year ending 2022, thus growing at a CAGR of ~% in the forecast period 2018-2022.

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

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/thailand-express-delivery-ecommerce-logistics-market-forecast-2022/154989-100.html

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Government Regulations Encourage Competition In The Payment Industry Of Israel – Ken Research

The report Payment Landscape In Israel: Opportunities and Threats 2021 gives a detailed insight about the payment industry in Israel. The report extensively talks about current and forecast values for each market in the Israeli cards and payments industry, including debit and credit cards. The report also includes detailed insights into payment instruments including credit transfers, cards, cheques and direct debit. It also, includes an overview of the country's key alternative payment instruments. Various government regulations and market drivers of the cards and payment industry are discussed. Different strategies used to market debit and credit cards by the Israeli banks and institutes are analysed. The top market players in the payment industry of Israel include Isracard, ICC CAL, Leumi Card, Imagen, TBI Credit, PayPal, Neema, Visa, Mastercard, Diners Club and American Express.

Israel is a Middle- East country. Though the country is small by area, it has a rich geographical diversity. It is a developed country and the 32^nd largest economy in the world. The country has one of the highest literacy rates in the world and had one of the highest life expectancies in the world. Global payments revenue has been increasing in multi-fold despite many disruptions in the market. As customers have become more and more comfortable with swiping cards and paying through mobile phones, the digitalisation of transaction industry is also expected to give way to its infrastructural development. In Israel, the government has been proactively propagating the use of digital payments and transaction and thus imposing restrictions on cash transactions on businesses and consumers. In Israel, internet retailing is growing in a strong rate due to increased standards of living and it accounts for the highest number of packages per capita among the OCED countries. Studies show the growth of card market strong post 2017 due to people’s preferences of cards over cash.

To encourage card payments, the Bank of Israel has been incentivizing the merchants by cutting the interchange fee rates over the past three years and is further expected to be cut down to boost card payments. As the credit card market is concerned, as a cue to encourage competition, the government has instructed in divestment of credit cards of the top two banks in Israel by 2020. This is expected to bring more international players in the market. To reduce the cash dependency, the government is set to impose caps on cash transactions and restrictions on cheques, with effect from 2019. The trends show the country’s increased flow of foreign capital and investment mainly supported by government regulations and laws.

To know more, click on the link below:-

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/payments-landscape-israel-opportunities/150792-93.html

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Thailand Express Delivery and E-Commerce Logistics Market Research Report to 2022: Ken Research

How Thailand Express Logistics Market Positioned?

Before coming up of express delivery services, Thailand Logistics Market had normal delivery system for transporting products to final consumers. With the growing commercialization and busier lifestyles of people, the customers felt a requirement of faster delivery. This gave the logistics industry an opportunity to launch a new service vertical named express logistics which was a faster way of delivery compared to the normal delivery. The express logistics market in Thailand was evaluated at THB ~ billion in 2012 which witnessed an increase to THB ~billion in 2013, thus displaying a growth rate of ~% in the market.

Despite the high cost of express logistics services than standard ones, the express delivery has gained significant share in the overall logistics market in Thailand owing to the better packaging and superior delivery

Process as the Thai prefers fast delivery options. Increase in the number of players operating in the market over the years coupled with rising consumer preference of fast delivery by the consumers has made a positive impact on the market. The trend of shopping online for perishable items such as food products including fruits and vegetables, meat, fish and others has been rising. Changing consumer shopping habits coupled with rising usage of E-commerce has given a rise to express delivery services. The rising prominence of online shopping will also contribute towards a long term growth especially by B2C segments in future.

Thailand express logistics market was observed to generate revenues worth THB ~ billion in the year 2017, thus growing at a five year CAGR of ~% in the review period 2012-2017.

Thailand Express Logistics Market Segmentation

By International and Domestic Express

The international express segment contributed Thailand express logistics market with a massive revenue share of ~% in the year 2017. International express delivery companies operating in Thailand were the first to start investing in modern technology in order to meet the increasing demand in the delivery of goods through E-commerce. On the other hand, domestic express services in Thailand express logistics market captured ~% revenue share in the year 2017 majorly owing to the growing internal demand in the country backed by rising e-commerce and express delivery services.

By Air and Ground Express

Aviation is one of the top priority sectors for development by the government of Thailand as it is critical to the country’s economic growth. Air express logistics services dominated Thailand express logistics market with a revenue share of ~% in the year 2017. On the other hand, ground express logistics in Thailand express logistics market captured the remaining revenue share worth ~% in the year 2017. Thus just as in the normal delivery segment, the air freight takes a back seat when it comes to the revenue share of the Thailand express logistics segment.

Comparative landscape in Thailand Express Logistics Market

The express logistics industry in Thailand was witnessed to be highly concentrated with the presence of major players in both domestic as well as internal express segments. Express logistics has gained popularity in Thailand majorly due to shift in consumer preferences; rise in E-commerce owing to increasing internet and smart phone penetration in the country; and companies offering faster options of delivery. The key parameters in the Thailand express logistics markets include on-time delivery, pricing and value added services. In international express, Kerry Express has established itself as market leader within Thailand, followed by CJ Express, DHL Express and Others. On the other hand the domestic express was dominated by Thailand Post. Additionally, foreign tie-ups with Thai companies were also witnessed to increase in the country. Companies in the country are also offering value added services such as online tracking, door-to-door pickup, same day delivery, special delivery location and personalized delivery services to the customers. The rising popularity of express deliveries is impacting retailers’ ability to meet customer expectations.

Thailand Express Logistics Market Future Outlook and Projections

Over the forecasted period, Thailand express logistics market is expected to drive demand for express mail services majorly from leading growth sectors such as IT, pharmaceuticals, electronics and financial & business services in the country. The market is estimated to generate revenues worth THB ~ billion by the year ending 2018. With same-day delivery, orders are delivered within a few hours after purchasing them, or in a chosen time window on the same day, thus driving the demand for express delivery services in Thailand. The primary growth drivers for the express industry in Thailand includes increasing penetration within existing and new customer segments, growing reach and network of the express industry and introduction of newer products under express delivery services. Thailand express logistics market is estimated to reach revenues worth THB ~ billion by the year ending 2022, thus growing at a CAGR of ~% in the forecast period 2018-2022.

How Thailand E-Commerce Logistics Market is positioned?

Thailand E-commerce logistics market generated revenues worth THB ~billion in the year 2012 owing to the country’s increasing access to internet and smart phones coupled with the emerging trend of online shopping. The market is primarily dominated by third party logistics providers such as Kerry Logistics, DHL, CJ Logistics and SK Logistics followed by E-commerce merchants such as Lazada Thailand, Shopee, 11Street and JIB and others. There are also pure-play ecommerce logistics providers like Shippop, aCommerce Co, Giztix, SME Shipping Co. which provide on-demand delivery services for small ecommerce players who do not have their own shipping infrastructure. The gradual shift in the preference of customers from physical shopping (store based) to online shopping has exponentially increased the number of online orders.

Social commerce in Thailand is driven by social networks in Thailand like Face book, Instagram and LINE. This is a business model unique to Thailand and hence merchants here set up ‘shops’ on the social network sites and they post videos or images of their product along with specifications. Average ecommerce order size in Thailand is pegged at THB ~ to THB ~. Share of logistics cost in the ecommerce order is estimated at ~% of the average order size. Non-cash payment technologies coupled with increasing trend of cross-border sales have created a positive impact the Thailand’s E-commerce industry.

The revenue generation increased to THB ~billion in 2017, thus displaying massive growth with CAGR of ~% in the review period 2012-2017

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

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/thailand-express-delivery-ecommerce-logistics-market-forecast-2022/154989-100.html

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Philippines Express Delivery Market is Expected to Grow at 9% for Next 5 years till 2023: Ken Research

The report titled “Philippines Logistics and Warehousing Market Outlook to 2023 – By Freight Forwarding, Warehousing, Express Logistics, E-commerce Logistics, Third Party Logistics, Balikbayan Box Segment” by Ken Research suggested a growth at a noteworthy six year CAGR of 8.8% in terms of revenue in the Philippines logistics and warehousing market in the upcoming years till the year ending 2023E.

August 2018 |Key Takeaway from Ken Research Report titled, Philippines Logistics and Warehousing Market Outlook to 2023The growth of e-commerce industry, increasing penetration of international and domestic players and growing industrialization has positively affected the growth of express delivery in the country

Rapid globalization and growth of industrial sectors that require time bound deliveries of parcels and goods have severely contributed towards the growth of express delivery and logistics market for both domestic and international shipments in the Philippines. Philippines express logistics sector has majorly utilized two modes of transportation, namely, air and road networks. In the year 2017, air express logistics registered majority of the revenue share of the express delivery market. The availability of a large network of land transport along with paved national roads has propelled the road express delivery network. On the other hand, Air express dominated the category due to increasing demand for same-day and next-day delivery coupled with growing competition among major players for providing better services.

Major Players such as DHL, FedEx, TNT Express and UPS have dominated the international express delivery market during the year 2017. Along with offering international shipments, these companies also provide services such as custom clearance, cargo consolidation and preparation of export documentation. The rising export of commodities such as semi-conductors, apparels, mineral ores, nickel ores, petroleum products and iron ores has significantly driven the logistics market in the Philippines.

The growth of logistics industry has a very high positive correlation with the world trade scenario. The companies have been introducing mechanization, IOT, robotics and other technologies to provide better services to the customers and gain a competitive edge over other players in the industry. Express delivery companies, which provide time defined shipments with tracking technology to meet business requirements, have witnessed a cyclical change in market conditions which depend upon global trade and economic growth conditions

Keywords

Logistics and Warehousing Market Philippines

Philippines Logistics Industry

Philippines Logistics Market

Logistics Cost Philippines

Inventory Cost Philippines

Transport Infrastructure in Philippines

Seaport Operations in Philippines Logistics

Airport Operations in Philippines Logistics

Freight Forwarding Market in Philippines

Philippines Logistics and Warehousing Industry

Philippines Freight Forwarding Sector

Logistics Services in Philippines

Logistics Services in Metro Manila

Freight Forwarders Philippines Logistics Industry

Logistics Companies in Philippines

Freight Forwarding Future Philippines

Express Logistics Market Philippines

Role of Express Delivery Philippines

Philippines Logistics Market Competition

Shipping Fleet of Major Philippines Seaports

Cargo Output Philippines Seaports

Growth of Express Delivery Services in Philippines

Major Players Express Delivery Philippines

Philippines Postal Industry

Philippines E-commerce operations

E-commerce Logistics Players Philippines

Philippines E-Commerce Logistics Market

E-Commerce Logistics Growth

Future Growth E-Commerce Logistics Philippines

Trends Philippines Logistics Industry

Challenges Philippines Logistics Industry

Logistics Company in Philippines

Government Regulations Philippines Logistics

Philippines 3PL Market

3PL Market Size Philippines

3PL Operations in Philippines

Philippines 3PL Players

Future of 3PL in Philippines

Warehousing Services in Philippines

Philippines Warehousing Industry

Warehouses in Philippines

Warehousing Market Philippines

Philippines Balikbayan Box Market

SWOT Philippines Logistics Industry

Future Philippines Logistics and Warehousing

Key Segments Covered

Logistics and Warehousing Market

·         By Service Mix (Freight Forwarding, Warehousing and Value Added Services)

Freight Forwarding

·         By Mode of Transport (Road Transport, Air Transport and Water Transport)

·         By Major Flow Corridors (Asia, North America, Europe, Middle East and Others)

·         By Rented / 3PL and Owned Fleet

·          By Delivery Type (Normal Delivery and Express Delivery)

 Warehousing

·         By End User (Food and Beverage, Pharmaceuticals and Medical Consumables, Textile and Footwear, Electronics, Chemicals and Others)

·         By International and Domestic Companies

·         By Business Model (Industrial / Retail Freight, Container Freight, Cold Storage, Agriculture and Others)

·         By Owned and Rented- Domestic Companies

Express Delivery

·         By Mode of Transport (Air Express and Road Express)

·         By Delivery Type (International Express and Domestic Express)

E-Commerce Logistics

·         By Channel (E-Commerce Merchants and 3PL Companies)

·         By Time Duration (One Day Delivery, Two Day Delivery, Same Day Delivery and Others)

·         By Area of Delivery (Intracity and Intercity)

·         By Payment Method (Cash on Delivery and Others)

3PL Market

·         By Market Type (Freight Forwarding and Warehousing Services)

Philippines Balikbayan Box Market

·         By Seasonal Demand (On-Season and Off-Season)

Key Target Audience

·         Warehousing Companies

·         Warehousing Contractors

·         Warehousing Technology Companies

·         Logistics Association

·         Consulting service providers

·         Private Equity/ VCs/ Investment Banking Companies

·         Shipping companies

·         Balikbayan Box Companies

·         Truck and Light Commercial Vehicle Companies

·         E commerce Companies

·         Startups in Logistics Market

·         Corporations with Extensive Distribution Network

Time Period Captured in the Report:

2012-2017 – Historical Period

2018-2023 – Future Forecast

Companies Covered:

·         Freight Forwarding and Warehousing Companies (Chelsea Logistics Holdings Corporation, International Container Terminal Services Inc., Lorenzo Shipping Corporation, Metro Alliance Holdings and Equity Corp., Asian Terminals Inc., AAI Worldwide Logistics Inc., Kintetsu World Express, Royal Cargo, ABest Express, Agility, Panalpina, Yusen Logistic Co. Ltd., All Transport Network Logistics (ATN), F2 Logistics, All Systems Logistics (ASL), LF Logistics, Nippon Express, Expeditors)

·         Express and E-Commerce Logistics Companies (LBC Express, 2GO, PHL Post, JRS Express, Air 21, DHL, FedEx, UPS, TNT, Lazada Express, Shopee)

·         Balikbayan Box (Jolly B Box, Forex Cargo, Afreight)

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

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-warehousing-market-outlook-2023/154992-100.html

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Singapore Healthcare Market Research Report-Ken Research

Research Methodology - Market Definitions

Pharmaceutical Market: The pharmaceutical market includes the revenue generated from the domestic sales of medicinal drugs (domestically produced and imported) to private and public hospitals, pharmacies, drugstores, polyclinics, clinical labs and doctors at manufacturers’ price. Revenue from vitamins and dietary supplements sales is not included.

Medical Devices Market: The medical devices market includes total spending by public and private hospitals, clinical laboratories, polyclinics, GP clinics and medical research and education institutes on diagnostic imaging equipments, medical consumables, orthopedics and prosthetic devices, patient aid devices and several other medical equipments. Imported, exported and domestically manufactured medical devices have been considered.

Hospital Market: Singapore hospital market includes revenue generated by public and private hospitals established in Singapore. Revenue from outpatient and inpatient services has been considered. Revenues from public and private hospital have been tabulated in the market. Revenue from pharmacy retail though pharmacies located in hospitals has been included. Revenue stream such as lab revenues has also been considered. Revenue generated from walk-in patients for laboratory tests has not been considered. Hospitals with more than 50 beds have been considered.

Clinics Market: Clinics market includes the revenue generated by private medical and dental clinics established in Singapore. These clinics provide general and specialized consultation and emergency care services to their patients. The revenues have been considered to the extent of consultation charges. Medication and other treatment cost are not included in the market. Public clinics have not been included in the market.

Pharmacy Retail Market: This includes the revenue generated from the sale of drugs and private label goods by pharmacies in Singapore at retailer’s price. Sale from independent pharmacies and clinic based pharmacies has been considered.

Contract Research Organization Market: Contract Research Organization market includes the revenue generated from the clinical trials in Phase I, Phase II, Phase III, and Phase IV by contract research organizations to domestic and international pharmaceutical companies located in Singapore. The market also includes the revenue generated from pre clinical trials, data management, biostatistics, central laboratory services and pharmcovigilance, bioanalytics and Health Economics and Outcomes Reach (HEOR) services.

Patented Drug: These are drugs which are covered under patent protection, means that only the pharmaceutical company holding a patent is allowed to manufacture, market the drug and eventually make profit from it.

Generic Drug: These are drugs that are comparable to a brand/reference drug product in dosage form, strength, quality and performance characteristics, and intended use. Once a patent for a patented drug expires, generic versions of the same can be produced.

Prescribed Drugs: These are drugs that can be sold by a pharmacy only upon prescribed by a registered healthcare practitioner.

OTC Drugs: These are drugs which do not need any prescription and can be purchased directly from any pharmacy or drug store.

Dietary Supplements Market: The dietary supplements market of Singapore is the sum total of revenue generated by the market players from domestic sales of supplement product intended for ingestion and is made up of ingredient that further add to the nutritional value to the diet. A dietary ingredient could be one or combination of various substances including vitamins and minerals, herbal supplements, protein and amino acid supplements, Probiotics, omega 3 fatty acids, and other concentrate, metabolite, constituent or extract of the nutrient.

Vitamins and Minerals Market: The vitamins and minerals market of Singapore is the sum total of revenue generated by international and domestic companies from the domestic sales of dietary supplements with major ingredients as vitamins and minerals, individually or mixed in any proportion

Medical Clinics: Medical clinics are defined as healthcare institutions which offer general and specialized outpatient services in Singapore. Specialized services include cardiology, endocrinology, gastroenterology, general surgery, infectious diseases, O&G, medical oncology, ophthalmology, ENT, pediatrics, psychology, radiology, urology and others.

Dental Clinics: Dental clinics are defined as healthcare institutions which offer general and specialized outpatient dental services. Specialized services include dental implants, endodontic, cosmetic dentistry, oral surgery, laser dentistry, dentures and others.

Public Hospitals: Public health facilities refer to those owned or controlled by a government unit or another public corporation (where control is defined as the ability to determine the general corporate policy).

Not-for-profit hospitals: Not-for profit health facilities refer to those producing health goods and services, but are not permitted to be a source of income, profit or financial gain for the unit that establish, control or finance them.

Private Hospitals: Private health facilities refer to those set up for the purpose of producing health goods and services and are capable of generating a profit or other financial gains for their owners.

Acute Hospitals: Acute hospitals comprise both general hospitals and specialty centres (excluding Psychiatric Hospitals) with acute care inpatient and outpatient facilities.

Psychiatric Hospitals: Psychiatric hospitals are those hospitals which offer a comprehensive range of psychiatric, rehabilitative and counseling services in the field of mental health.

Community Hospitals: Community hospitals are those hospitals which cater to rehabilitation, geriatric care and coalescing patients. They are usually funded by charities or religious groups, with assistance from government funds and/or public healthcare professionals.

Preclinical market: This includes studies that yield preliminary efficacy, toxicity, pharmacokinetic and safety information which determine whether a drug is ready for clinical trials.

Clinical Data Management market: Clinical Data Management involves the process of collection, documentation, and data storage, which are critical for clinical trials or procedures and to biotechnology companies and pharmaceutical manufacturers.

Biostatistics Market: Biostatistics market involves statistical processes and methods which are applied to the collection, analysis, and interpretation of biological data and especially data relating to human biology, health, and medicine.

Pharmacovigilance market: Pharmacovigilance market involves the science and activities involved in the detection, assessment, monitoring and evaluation of adverse events or any drug related problems of the medicinal products.

Bioanalytics Market: Bioanalytics market involves analytical chemistry which covers the quantitative measurement of xenobiotics (drugs and their metabolites, and biological molecules in unnatural locations or concentrations) and biotics (macromolecules, proteins, DNA, large molecule drugs, metabolites) in biological systems.

HEOR Market: HEOR (Health Economics And Outcomes Reach) market uses clinical and economic evidence to determine the value of drugs, and looks at the factors that can affect this.

Radiology Laboratories: Radiology clinics are those which offer medical imaging to diagnose or treat diseases. A variety of imaging techniques such as X-ray radiography, ultrasound, computed tomography (CT), nuclear medicine including positron emission tomography (PET) and magnetic resonance imaging (MRI) are used to diagnose or treat diseases.

Clinical Laboratories: Clinical laboratories market includes the number of radiology and pathology labs located in Singapore.

Research Methodology – Abbreviations

AIDS: Acquired Immune Deficiency Syndrome

HIV: Human Immunodeficiency Virus

MoH: Ministry of Health, Singapore

NCD: Non-Communicable Disease

OTC: Over-the-Counter

UHC: Universal Health Coverage

USD: United States Dollar

SGD: Singapore Dollar

WHO: World Health Organization

CRO: Contract Research Organization

HSA: Health Sciences Authority

GP: General Practitioner

PCN: Primary Care Network

GCP: Good Clinical Practices

Research Methodology - Consolidated Research Approach

Hypothesis Creation: The research team has first framed a hypothesis about the market through analysis of existing industry factors obtained from magazines, journals, broker reports, investor presentations and annual reports of major companies and several articles. The team has used both public and proprietary databases to define and collect each market data point such as overall market size, segmentations and estimated future growth.

Hypothesis Testing: The research team conducted computer assisted telephonic interview (CATI) with several industry professionals including decision makers in all segments of healthcare market which included medical devices, pharmaceuticals, hospitals, and clinical laboratories. The industry professionals included several retailers, wholesalers, importers and distributors of medical devices and pharmaceutical products and doctors, management executives, financial analysts and other higher level authorities. The analyst at Ken Research collated their insights on the market onboard and to seek justification to the hypothesis framed by the team. Additionally several B2B clients from different sectors including government offices, clinics, diagnostic centers, and hospitals in the ecosystem have been interviewed to understand their perspectives, needs, requirements and the prices they are willing to pay for procuring medical devices and pharmaceutical drugs.

Sanity Checking @ Decision Tree Analysis: General consensus on data collected from primary research and public and proprietary databases has been reached by conducting in-house decision tree analysis of the data points available and by comparing it with macro-economic factors. Data has been collected and verified through cross-sanity checking between primary and secondary sources. Secondary data sources include the analysis of existing industry factors, obtained from company reports and from magazines, journals and online articles. The secondary data sources are used to form the initial perception and contention on several forces playing their role in determining the future growth in the industry.

Future Forecasting via Poll Opinions and Statistical Tools: Multi-Factor regression and scenario analysis was conducted on the lag variables i.e. on the historical market size of the industry by identifying the independent and quantifiable variables directly affecting the market. The forecasting was done by using SPSS statistical tools. The variables were checked for multi-co-linearity and other bias that could be present in the model. The conclusion from the regression was then double-checked by conducting poll opinions. Structured interviews were conducted through telecom with several industry veterans including major decision makers from Guardian Pharmacy, Unity Pharmacy, Novena Medical Center, Acumed Clinic, Clinical and Path Lab, Reste Lab, Sam Clinical Laboratory and others. These interviews helped the research team to authenticate the data collected from secondary data sources and to reject or accept the hypothesis regarding the future projections.

Interpretation and Proofreading: The final analysis will then be interpreted in the research report by our expert team well versed with the Healthcare Market.

For more information about the publication, refer to below link:-

https://www.kenresearch.com/healthcare/general-healthcare/singapore-healthcare-market/154981-91.html

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