Future Growth Of Global Extended Stay Hotel Market Outlook: Ken Research

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Extended stay hotel could be a kind of service housing advancement that uses a hotel-style booking system. Extended keep building is such as renting an apartment, however with no stable contracts and occupants will leave whenever they need. The thought behind the extended stay hotels is to create positive hassle-free walkouts for the tenants. The thought of extended stay hotels initially evolved in vacation destinations as accessibility for families that required living in housing instead of staying in a lodge. These hotels typically give absolutely fitted condos like laundry, washing, and most notably kitchen facilities, which provides a snug feeling to the occupants. 

According to the study, ‘Global Extended Stay Hotel Market to reach USD XXX million by 2026’ there are many corporations like Choice Hotels International, InterContinental Hotels Group (IHG), Wyndham Hotel Group, Marriot International, Hyatt Hotel, Holiday Inn, Hilton Worldwide that presently functioning heaps successfully for dominant the foremost effective growth of the market and getting the productive competitive edge whereas acceptive the productive moneymaking strategies throughout that at intervals throughout that and policies like joint ventures, mergers and acquisitions, partnership, merger, and merchandise development. These hotels are commonly custom-designed, and it consists of completely different flats. The extent of the keep in these hotels varies from some the days to months or perhaps years. Growing commercial enterprise trade, together with rising income of individuals are the few factors chargeable for high CAGR of the market over the forecast amount. As per the World Tourism Organization is the United Nations (UNWTO), in 2018, there have been around 1.4 billion international tourists arrived around the world, a rise of just about 7.69% from 2017 that holds nearly 1.3 billion international tourist arrival. This, in turn, is anticipated to accelerate the necessity for extended stay hotel, therefore causative to the expansion of the world market. However, within the recent year, the planet is facing the crisis of the COVID-19 pandemic and several other countries place internment to stop the spread of this communicable disease. Because of this reason, the amount of international tourist arrivals is declining thereby, the necessity for extended stay hotels can decrease still. Moreover, the inaccessibility of extended stay hotels in remote locations or tiny cities is additionally the foremost factor limiting the market growth over the forecast amount of 2020-2026.

The regional investigation of the global Extended Stay Hotel market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant country in the world in terms of market share attributable to the big presence of extended-stay hotels and the increasing variety of international tourist arrivals in the region. Whereas, Europe is anticipated to exhibit the highest rate of growth / CAGR over the forecast period 2020-2026.

Furthermore, one of the foremost necessary factors that drive the expansion of extended stay hotels is that these flats are pocket-friendly. However, this is often not simply the sole issue that pulls occupants towards extended stay hotels. Except for this, these hotels give all the required services like laundry, cleaning, washing, and most significant kitchen facilities, which provide a homely feeling to the tenants. Together with their stay, occupants may also get pleasure from hiking and different activities like horse riding. These options are making extended stay hotels popular and hence the Global Extended Stay Hotel market will increase in approaching years.

For More Information on the Research Report, refer to the below links: -

Global Extended Stay Hotel Market Analysis

Related Report:-

Global Extended Stay Hotel Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Ankur Gupta, Head Marketing & Communications

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Growing Scenario of Global Video Intercom Devices and Equipment Market Outlook: Ken Research

 Video intercom device has emerged as associate degree advancement which is revolutionizing the premise and residential security business, throughout the world. These devices and instrumentation are intercom devices that utilized a video methodology and are a complete intercom system used to operate calls created at the door to a building with access control. The assortment of applications for video intercom devices and instrumentation have improved security and luxury in industrial, industrial and residential areas. The most attribute of video intercom devices is to permits the person inside to acknowledge the traveller and, if they require, to interact spoken communication with him then they permits access to the person occupation.

According to the study, ‘Global Video Intercom Devices and Equipment Market to reach USD 47 billion by 2026’ there are such a lot of key players that are presently functioning tons with success for dominant the foremost effective enlargement of the market and getting the productive competitive edge whereas acceptive the productive moneymaking methods throughout that and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes Honeywell, COMMAX, Aurine Technology, Entryvue, Fermax, Samsung, Aiphone, TCS, Legrand, Panasonic, Urmet. In step with to the United Nations Department of Economic and Social Affairs in 2018, it is estimated that 55% of the total world's population lives in geographical area and it expected to rise to 68% by 2050. However, the world video intercom devices market is anticipated to be compact considerably by COVID-19 as China is one amongst the most important suppliers for the raw materials (used to manufacture devices) additionally because the finished merchandise. The business is on the siting of facing a discount in production, offer disruption in offer and worth fluctuations. Thus, the sales of distinguished makers of video intercom devices and equipment cause a serious challenge to the market growth within the close to future. Whereas, high initial investments and maintenance prices is additionally the most important factors that’s limiting the market growth over the forecast amount of 2020-2026.

The regional investigation of global Video Intercom Devices and Equipment market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is that the leading/significant region across the planet in terms of market share due to the high adoption of video intercom devices together with the presence of huge variety of market players within the region. Whereas, Asia-Pacific is anticipated to exhibit highest rate of growth / CAGR over the forecast amount 2020-2026, because of the continued comes of sensible town within the developing countries like China and India.

Rising issue for home security, Increasing sensible cities initiatives and speedy urbanization in developing economies are the few factors answerable for high CAGR of the market over the forecast amount. Also, it’s projected the foremost urbanised region embrace North America, Latin America and also the Caribbean, Europe and Oceanic. This, in turn, is anticipated to accelerate the demand for video intercom devices and equipment, therefore causative to the expansion of the global market. Thus, the market of global video intercom devices and equipment can increase in upcoming years.

For More Information, Click on the Link Below:-

Global Video Intercom Devices and Equipment Market

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Global Video Intercom Devices and Equipments Market Status and Future Forecast 2015-2025

Global Video Intercom Devices and Equipment Market Research (2015-2019) and Future Forecast (2020-2025)

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Ken Research

Ankur Gupta, Head Marketing & Communications

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Increasing Coverage of the National Health Insurance and Hike in the Demand of Cosmetics, Baby and Maternal Care Products had led to Growth in the Taiwan Pharmacy Retail Market: Ken Research

Pro Active Government Measures Curbed the Spread of Corona Virus: The Taiwan Center for Diseases Control established the Central Epidemic Command Center (CECC) for tapping the Corona Virus spread in the country. They hosted Daily Press Conferences for Updating People with the Situation, formed Fact Checking Committees for Curbing the False Information, Partnered with Private Organizations for providing Real Time Update of supplies for combating Corona Virus and Issued Social Guidelines to be followed in public areas.

Impact of COVID 19 on Taiwan Pharmacy Retail Market: The government undertook the distribution of surgical masks from private sector in order to ensure that there are no exploitative pricing and hoarding of these products. These products were then distributed by the NHI Accredited Pharmacies at a fixed price of NTD 5 per piece. These masks were rationed on the basis of the name of the person. Government issued regulations for crowd management, gathering of information on patients and other awareness programs which were to be followed by the Pharmacists. The pharmacy retail market declined initially, however it was able to recover later.

Government Promoting Telemedicine during Corona Virus: Telemedicine is an old concept in Taiwan however onset of Corona Virus helped in accelerating the adoption of Telemedicine in the region. Since Jan 2020, 3,417 hospitals and clinics started providing Telemedicine services in Taiwan. National Health Insurance included telemedicine reimbursement for people at home isolation and quarantine.

Prescription Medicine Co-Payment under NHI: The Ministry of Health and Welfare covers the expenditure on prescribed medicines under NHI. A customer can purchase the prescribed medicines from a NHI accredited pharmacies by making a small co-payment which ranges till NTD 200 depending upon the total expenditure. NHI also offers drug reimbursement on more than 17,000 prescribed medicines.

Analyst at Ken Research in their latest publication “Taiwan Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Region (Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment), By Drug Type (Generic And Patented) and By Therapeutic Class” observed that Taiwan is a growing market for pharmaceutical products. The Universal Coverage of National Health Insurance has helped in development of the market. The government closely monitors and regulates the market in terms of product offering and pricing. It offers Co-Payment on the purchase of prescribed medicines. The market has presence of high number of unorganized pharmacy stores. Chain pharmacies are looking for store expansion and have started acquiring and merging with regional pharmacies. The increase in the ageing population and negative population growth will lead to the development of the market in future. Taiwan Pharmacy Retail Market is expected to grow at a CAGR of 1.5% on the basis of revenue during the forecast period of 2019-2025.

Key Segments Covered:-

By Market Structure (In USD Million)

Organized Market

Unorganized Market

By Region (In USD Million)

Taipei Division

Northern Division

Central Division

Southern Division

KaoPing Division

Eastern Division

By Type of Sales (In USD Million)

Prescribed Medicines

OTC Products

Non Pharmaceutical Products

Medical Equipment

By Type of Drug (In USD Million)

Generic

Patented

By Therapeutic Class (In USD Million)

Cardiovascular

Anti-Infective

Pain/Analgesics

Anti Diabetic

Vitamins/Minerals /Nutrients

Dermatology

Respiratory

Gastro Intestinal

Neuro

Oncological

Gynecological

Ophthalmological

Others

Companies Covered:-

The Great Tree Pharmacy

MedFirst Taiwan

TinTin Drugstores

Woodpecker Pharmacy

YourChance Pharmacy

Yes Chain Pharmacy

JPMed

Tomods

Matsumoto Kiyoshi

Boden Pharmacy

Key Target Audience:-

Pharmaceutical Manufacturer Companies

Pharmaceutical Importing Companies

Pharmaceutical Distributing Companies

Major Retail Companies

E-Commerce Pharmaceutical Retailers

Consultancy Companies

Industry Associations

Government and Regulation Bodies

Time Period Captured in the Report:-

Historical Period: 2014-2019

Forecast Period: 2020-2025

For More Information on the research report, refer to below link:-

Taiwan Pharmacy Retail Market

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Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipment’s), By Drug Type (Patented & Generics) and By Therapeutic Class

India E-Pharmacy Competition Benchmarking Report - A detailed analysis of major E-Pharmacy players in India

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

How do you select the Right Data Center Operator?

Data centers are more than just a facility or a building with power, space or network, but are becoming a valuable extension to today’s business in order to support the digital growth and expansion. Although, data center infrastructure design is more or less similar across data centers and is guided by Tier Rating from Uptime Institute, the operational efficiency along with price and service offerings differentiates a data center from one another.

Selecting a data centre consultants or a facility is a major investment decision for any organization as they would be hosting all of their critical data in the operator’s facility. Choosing the right data centre operator can lead to significant cost savings and improve efficiency of the business in the long run.

Key points to be considered before selecting a Data Center Operator is as follows:

How to choose a location?

Location is the first thing to be decided while selecting an operator. Most of the organizations prefer choosing an operator who is present in the same city as the business is present. This is done in order to reduce latency, improve operational efficiency and also to manage and maintain the servers by effectively.

Did you know?

At present in India, there are about 135 data centers (31^st December 2020), with major data center hubs being Mumbai, Bangalore, Delhi and Chennai. These 4 cities put together have about 90+ data centers in the country, with many more projects lined up.

Does Scalability really matter?

The data center operator must be able to host the company’s existing infrastructure and at the same time have the capacity to respond to any increase in demand. So choosing operators who have sufficient capacity to expand within the same data center campus is always beneficial. An organization must always find out the availability of additional space, power and connectivity while selecting the operator, so as to not hinder their business plans for the future.

Did you know?

There are about 450 Hyperscale data centers (as on 31^st Dec 2019) in the world and India accounts for less than 2% of it. This scenario is expected to change, as more operators in India are building Hyperscale Data Centers.

Connectivity Capabilities and Options

Connectivity is an important aspect of a digital economy. For a company looking to expand their digital services, connectivity becomes extremely important. A company needs to access the ability of the service provider to supply comprehensive and carrier neutral services to companies. Carrier Neutral Data Centers give consumer’s the choice of selecting a network based on their needs and requirements.

Did you know?

Most of the data centers that are currently being developed are carrier neutral data centers, allowing interconnection between multiple telecom carriers and co-location providers.

Infrastructure

An essential part of a modern data center is the ability to monitor, manage and automate workflows by collecting information on both the performance of the computing platforms (servers, storage and network) and the underlying elements such as temperature and power efficiency. Automation of infrastructure monitoring and management should therefore be a key element of the specifications provided by the operator.

Did you know?

Major Data centers in India do not have complete automation of work flow services and these are being adopted by operators who are building Hyperscale data centers in India. This is expected to drive strategic partnership with technology players to increase the value added services.

Power Density

Choosing a data centre operator that can provide the power density to support both current and future technologies is something an organization should look for in a facility. Data centre power densities have been gradually increasing over time with newer technologies and demand of higher kW per cabinet requirements. The PUE helps in determining the overall operational efficiency of a data centre facility. The data centre operator must offer an uninterrupted clean power supply with various back up options to support interruptions and offer the best possible PUE for organizations.

Did you know?

The average PUE in India is around 1.8, with the world average around 1.6 as of 2019. An ideal PUE is 1.0, with Google Data Centers having a PUE on the range of 1.1.

Viability

While dealing with a data center provider, you should look at whether the company has a strong history and experience. The data center should be able to support the organization for minimum 5-10 years. Financial security, financial credibility and operational efficiency must be understood before investing in a data center.

Choosing a correct data centre facility or an operator according to an organization’s requirement can take a lot of efforts especially in today’s time when an array of operators and developers are available to offer maximum similar services at competitive prices.

We at Ken Research, help you choose the correct (best) operator or facility based on the requirements of the business along with customized solutions at the best possible prices. Contact us to know further about the data centre facilities and operators that may be the best fit for your organization.

For More Information, refer to below links:-

Data Center Consulting Service

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Co-Location VS Cloud: What Do You Choose?

Should you build your own data center, or house the IT gear in a co-location facility with a Data Center operator or host it on to a cloud? This is one of the biggest dilemmas that organizations are sometimes unsure of. There are a few basic questions that the organization must ask itself before selecting the type of data center. The questions that organizations should have an answer to are as follows:

1.       What scale are you planning to achieve?                    

Usually organizations larger in size, prefer building their own data centers (Enterprise Data Centers). Companies such as Google, Amazon (AWS), Microsoft (Azure), Oracle, Ali Baba have their own data centers across the world. Hence, the larger your organization is, it is better to have your own data center. If your organization has been investing huge amounts in maintaining data, then it is better to build your own data center.

2.       What Security Compliance do you require?

If there is any specific security compliance required in the Industry you are operating in, and if major players do not have such compliance, then you may need to build your data center separately. Although cloud players and co-location service providers are ensuring customized data center solutions to customers, security compliance and technological adoption may be common across industries.

3.       Future Scalability?

If you expect your company’s operations to expand drastically in the future, then you should look for either Hyperscale co-location business or cloud business, depending on the size and scale of the organization. Usually cloud services offer unlimited scalability, resulting in much wider adoption than physical data centers that offer limited scalability and are slightly more expensive.

4.       Cost Budgeting

At the end everything boils down to the cost to the company, for using such a service without hampering the operational efficiency. Companies would prefer the most affordable solution for the given set of service applications that are required.

At the end, storage is expensive, and not just the underlying capacity, but the hardware and software infrastructure that makes data durable and quickly accessible. If you can, like the hyperscalers, build your own storage hardware, file systems, access methods and formats (block, file, object), and data protection schemes, you can bring the cost of storage down even further. This is precisely why all of the hyperscalers have done this, and why more enterprises will follow suit.

Data centers are considered to be the backbone of a variety of services offered including Web-hosting, ecommerce, social networking, and a variety of more general services such as software as a service (SAAS), platform as a service (PAAS), and grid/cloud computing.

We at, Ken Research act as link to the customer in providing with customized data center solutions for an enterprise to meet their data storage needs as per their requirements. Contact us to know further about the data centre facilities and operators that may be the best fit for your organization.

For More Information, refer to below links:-

Data Center Consulting Service

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

Intensifying Insights of Global Deep Packet Inspection (Dpi) Market Outlook: Ken Research

 Deep packet inspection could be a form of processing that assesses the information half and therefore the header of a packet that’s being forward over a computer network through a scrutiny purpose. It always removing out any non-compliance to protocol, intrusions, viruses, spams, and the other definite criteria to dam the packet from passing through the inspection point. Deep packet inspection is additionally used to decide once an explicit packet is redirected to another destination. With the emergence of latest technologies, deep packet inspection became possible. Since it became a lot of comprehensive and complete, a lot of like aggregation up a book, and reading it from cover to cover.

According to the study, ‘Global Deep Packet Inspection (DPI) Market to reach USD 22.8 billion by 2026’ categorical that there are some corporates that presently functioning heaps successfully for dominant the foremost effective enlargement of the market and obtaining the productive competitive edge whereas acceptive the productive moneymaking strategies throughout that and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes Allot Communication, R&S Cybersecurity ipoque GmbH, Bivio Network, Cloud Shield, Huawei, Sandvine, Qosmos, Arbor, Procera, Cisco. For example, As per the report printed by Symantec in 2019, about 545,231 ransomwares attacks were register across the world in 2018, of that china was the best ransomware attack country representing 16.9% of total ransomwares whereas brazil and Mexico graded 4th and 6th. This, in turn, is anticipated to accelerate the demand for Deep Packet Inspection (DPI), so causative to the expansion of the worldwide market. However, knowledge security & privacy concern and lack of awareness are the few factors expected to hamper the expansion of the market over the forecast period of 2020-2026.

The regional investigation of global Deep Packet Inspection (DPI) market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is that the leading/significant country over the world in terms of market share due to the wide presence of security vendors long with the growing focus toward R&D in security technologies within the region. Whereas, Asia-Pacific is anticipated to exhibit highest rate / CAGR over the forecast period 2020-2026, thanks to the rising cases of cybercrimes and growing usage of mobile computing, particularly in China and India.

Furthermore, increasing range of sophisticated cyberattacks, fast rise in adoption of regulative and knowledge protection laws and increasing IP traffic because of adoption of high-speed broadband globally are the few factors accountable for high CAGR of the market over the forecast amount. Amidst the COVID-19 crisis, the network security business is poised to grow at property rate despite the predictable economic turbulence. The implementation of remote operating policy, due to lockdown is setting unforeseen stress on remote networking technologies and triggering operational technology (OT) security risk issues over the vulnerable home network security thereby, demand for deep pack inspection is expected to increase. Thus, the Global Deep Packet Inspection (DPI) market will increase in upcoming years.

For More Information, Click on the Link Below:-

Global Deep Packet Inspection (DPI) Market

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Global Deep Packet Inspection (DPI) Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Thailand Pharmacy Retail Market is Driven by Growth in Online Consultations, E-Prescriptions and Consolidation of Small Independent Pharmacies with Larger Chains: Ken Research

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Major Hospitals such as Samitivej launched its Virtual Hospital Application, therefore, offering teleconsultation, blood testing, and medicine delivery services.

Growth in Telemedicine Industry: Telemedicine program in Thailand was initiated in March of 2019, a joint effort of the Public Health Ministry and National Broadcasting & Telecommunications Commission (NBTC). According to WHO standards, communities should have 1 doctor for every 439 people, however; there is only 1 doctor for every 2,065 people in Thailand. The country officially implemented telemedicine programs at 32 hospitals in rural areas in 8 provinces with a complete legalization framework, thus, encouraging the adoption of new technologies & remote patient monitoring and medical care. These provinces include Chiang Rai, Kamphaeng Phet, Kanchanaburi, Kalasin, Phetchabun, Surin, Songkhla, and Surat Thani. 32 hospitals involved in the telemedicine program consisted of 15 sub-district health-promoting hospitals, 5 community hospitals, 8 provincial hospitals, and lastly, 4 primary health clusters.

Collaborations & Partnerships: Partnerships of pharmacies with online consultation & E-prescription companies is growing in Thailand, for instance, AIA Thailand partnered with True Digital Group & Samitivej to launch a free-to-use teleconsultation service, as a Virtual COVID-19 Clinic in April 2020 wherein service was made available for use from 8 April to 10 May 2020 in the country. Amidst the COVID pandemic, health care providers observed a shift in consumer behavior, where people are now accepting more digital services such as online / E-consultation, medication delivery & Covid-19 screening services.

Thai hospitals and medical institutions are offering care with digitalized process, AI and big data technology to assist as well as improve medical consultancy, diagnosis and overall services. In addition, Thai government has introduced many measures to facilitate tourists to visit Thailand for medical services through extension of permitted period of stay and long-stay visas thereby, driving revenue within healthcare sector.

The report titled “Thailand Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented and Generic Drugs)” by Ken Research suggested that the pharmacy retail market is further expected to grow in the near future as both existing companies and new entrants can focus on investing within marketing activities, hiring quality pharmacists, promotion of online platforms, focus on keeping stock of medicines for emerging diseases, partnerships with telemedicine players, using data analytics, acquisition of regional pharmacies, development of new retail channels and information on medicine intake. The market is expected to register a positive six year CAGR of 2.1% and 3.1% in terms of revenue and number of pharmacy stores respectively during the forecast period 2019-2025F.

Key Segments Covered: -

By Market Structure (Number of Pharmacy Stores & Revenue)

Organized

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipment

Unorganized

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipment

By Product Categories (Prescribed Drugs, Over-The-Counter, Non Pharmaceutical Products and Medical Equipment)

By Sales

Generic Drugs

Patented Drugs

By Therapeutic Areas

Cardiovascular

Anti-Infective

Pain / Analgesics

Respiratory

Vitamins / Minerals / Nutrients

Anti-Biotic

Gastrointestinal

Gynecology

Neuro

Oncology

Ophthalmology

Others (Dermatology, Antiulcerants, Macrolides & Similar Type, Angioten-Ii Antag. Comb, ANTI-Epileptics, Antihistamines Systemic, Fluoroquinoloes)

By Region / Cities

Bangkok & its Vicinity

Central

South

Northeast

North

East

West

Pharmacy Retail Stores / Chains Covered

Watsons

Boots Retail

Pure by Big C

Save Drug

Fascino

Bangkok Drugstore

Health Up

P&F

Lab Pharmacy

Tsuruha

Matsumotokiyoshi

I-care

Healthy Max

Other Independent Chains

Telemedicine Companies Covered

ChiiWii

Raksa

Ooca

Doctor Anywhere

CM Mediclinic

ArinCare

Doctor A-Z

Other Telemedicine Players

Key Target Audience

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Government and Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2019-2025

Key Topics Covered in the Report: -

Executive Summary

Thailand Healthcare and Pharmacy Retail Market Overview

Thailand Pharmacy Retail Market Supply

Thailand Pharmacy Retail Market Demand

Thailand Pharmacy Retail Industry Analysis

Comparative Landscape of Thailand Pharmacy Retail Market

COVID-19 Impact on Thailand Pharmacy Retail Market

Thailand Pharmacy Retail Market Future Outlook and Projections, 2019-2025

Analyst Recommendations in Thailand Pharmacy Retail Industry

Research Methodology /Appendix

For More Information on the Report, Click on the Below Link:-

Thailand Pharmacy Retail Market Growth

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Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class

Philippines Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipments), By Drug Type (Generic and Patented) and By Therapeutic Class

India E-Pharmacy Competition Benchmarking Report - A detailed analysis of major E-Pharmacy players in India

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Ankur@kenresearch.com

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Thailand Pharmacy Retail Market Outlook to 2025: Ken Research

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The report titled “Thailand Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)” provides a comprehensive analysis on the performance of the pharmacy retail industry in Thailand. The report covers various aspects including the number of pharmacies, revenue, trends & developments, issues & challenges faced by the industry, competition landscape, telemedicine players, and others. Thailand pharmacy retail market report concludes with projections for the future of the industry including forecasted revenue by 2025, market segmentation, COVID-19 impact, and analysts’ take on the future.

Thailand Pharmacy Retail Market Overview and Size:

Volatile growth was observed within Thailand pharmacy retail market as multiple pharmacy stores closed due to the non-compliance of GPP standards required by the FDA. However, the closure of pharmacy outlets resulted in higher customer footfall in other pharmacies; hence a lower revenue growth rate was recorded in the year 2019. The market was observed in the growth stage owing to the growing intensity of competition among the retail pharmacies in the market in terms of wide product offering and value-added services. The franchise model has become quite popular with new chains adapting to this model for faster store expansion. Moreover, a collaboration between state hospitals and small chains has helped patients being treated under “UHC” alongside the growth of pharmacy stores. Change in population structure i.e. the transition to the Thai aging society has led to a surge in drugs (including dietary supplements) demanded towards chronic diseases such as hypertension, diabetes, and others. The market is booming owing to the rising number of cases of NCDs, online pharmacy services, increasing government health expenditure, and other growth drivers.

Thailand Pharmacy Retail Market Segmentation

By Market Structure (Organized and Unorganized Market):

The unorganized segment dominated in terms of revenue as well as basic number of pharmacy stores in Thailand during 2019. The particular segment is competitively positioned in OTC, Generics & Health Supplements & generally do not provide home delivery services.

On the other hand, the organized segment has established a strong presence across all the regions in Thailand that resulted in a higher footfall of customers at these outlets. In addition, organized chains have mobile applications, higher brand value, strong presence, and higher product listings & provide home delivery services.

By Product Categories (Prescribed Medicines, OTC, Non-Pharmaceuticals, and Medical Equipment): Prescribed drugs dominated the market in terms of revenue in 2019 largely due to the higher price/margins involved. Among the other product categories, OTC & Non-Pharmaceutical products were consistently growing in terms of revenue share. Medical equipment captured the least revenue share.

By Drug Type (Generic and Patented Drugs): Generics Drugs within Thailand dominated in terms of revenue as it has high consumption volume alongside rising government healthcare schemes to increase patient purchasing power in the country. Whereas, patented drugs on the other hand are ailment specific.

By Therapeutic Class (Cardiovascular, Anti-Infective, Pain / Analgesics, Respiratory, Vitamins / Minerals / Nutrients, Anti Biotic, Gastrointestinal, Gynecology, Neuro, Oncology, Ophthalmology, and Others): Cardiovascular class dominated the market in terms of revenue in 2019 majorly due to surge in Heart Failure (HF) risk factors such as obesity, hypertension & diabetes, related to changing lifestyle;  followed by Anti-infective segment.

By Region / Cities (Bangkok, Central, South, Northeast, North, Eastern, and Western): Bangkok and its vicinity captured the second-highest number of pharmacy retail outlets (central region being the first) during 2019. However, in terms of revenues Bangkok region dominated majorly due to higher customer footfall & average basket size towards medicines in a particular region.

Comparative Landscape of Thailand Pharmacy Retail Market

The competition stage within the retail pharmacy industry has become highly fragmented with numerous unorganized chain brands present across almost every region. On the other hand, penetration of organized space is increasing over the years with top five players including Watsons Thailand, Boots Thailand, and Pure Pharmacy by Big C, Fascino Drugstores, and Save Drug. The players in the industry compete on the basis of parameters such as Number of Pharmacy Stores, Geographical Presence, Brand Recognition, and Partnerships with Telemedicine & E-Prescription Providers, product portfolio, online deliveries & Other Value Added Services.

Thailand Pharmacy Market Future Outlook & Projections

With the growing aging population, the number of people that are affected by chronic NCDs, especially hypertension will affect almost half of the elderly population in Thailand & less commonly, diabetes, heart disease, stroke & cancer thus, driving the demand from retail pharmacy chain in the near future. Increasing customer footfalls along with growth in telemedicine for online consultations and home delivery services will drive industry growth over the long term.

Key Segments Covered: -

By Market Structure (Number of Pharmacy Stores & Revenue)

Organized

Prescribed Drugs

Over-The-Counter

Non-Pharmaceutical Products

Medical Equipment

Unorganized

Prescribed Drugs

Over-The-Counter

Non-Pharmaceutical Products

Medical Equipment

By Product Categories (Prescribed Drugs, Over-The-Counter, Non-Pharmaceutical Products, and Medical Equipment)

By Sales

Generic Drugs

Patented Drugs

By Therapeutic Areas

Cardiovascular

Anti-Infective

Pain / Analgesics

Respiratory

Vitamins / Minerals / Nutrients

Anti-Biotic

Gastrointestinal

Gynecology

Neuro

Oncology

Ophthalmology

Others (Dermatology, Antiulcerants, Macrolides & Similar Type, Angioten-Ii Antag. Comb, ANTI-Epileptics, Antihistamines Systemic, Fluoroquinolones)

By Region / Cities

Bangkok & its Vicinity

Central

South

Northeast

North

East

West

Pharmacy Retail Stores / Chains Covered

Watsons

Boots Retail

Pure by Big C

Save Drug

Fascino

Bangkok Drugstore

Health Up

P&F

Lab Pharmacy

Tsuruha

Matsumotokiyoshi

I-care

Healthy Max

Other Independent Chains

Telemedicine Companies Covered

ChiiWii

Raksa

Ooca

Doctor Anywhere

CM Mediclinic

ArinCare

Doctor A-Z

Other Telemedicine Players

Key Target Audience

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Government and Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2019-2025

Key Topics Covered in the Report: -

Executive Summary

Thailand Healthcare and Pharmacy Retail Market Overview

Thailand Pharmacy Retail Market Supply

Thailand Pharmacy Retail Market Demand

Thailand Pharmacy Retail Industry Analysis

Comparative Landscape of Thailand Pharmacy Retail Market

COVID-19 Impact on Thailand Pharmacy Retail Market

Thailand Pharmacy Retail Market Future Outlook and Projections, 2019-2025

Analyst Recommendations in Thailand Pharmacy Retail Industry

Research Methodology /Appendix

For More Information on the Report, Click on the Below Link:-

Thailand Pharmacy Retail Market Growth

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

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