Different Trends across Worldwide Baby Food Market Outlook: Ken Research

 Traditionally, babies are fed with soft home cooked food, an exercise that is still widespread in underdeveloped and developing region. However, the effective growth in the urbanization and changing lifestyles have amplified the requirement for packaged baby foods in dissimilar societies and cultures. Such foods are fed to babies amongst the ages of four to six months and two years. The effective growth awareness for nutrition, prominent augment in the organized retail marketing, urbanization corresponding with a momentous increase in the count of working women populace are key aspects that boost the baby food market growth. Concerns interrelated to food protection, falling birth rates, and the practice of feeding home cooked food to babies are the significant restraints in this market.

Whereas, the Baby Food Market is getting an immense boost from the accumulative awareness about the role it plays in meeting the nutritional prerequisites of infants and toddlers. The officer challenges for the baby food industry are low birth rates, static market conditions in developed regions, and milk intolerance in babies. However, opportunities for the baby food market is gigantic, as there is enormous untapped market in developing regions and as evolving food technology and fresh product developments are projected to attract more customers throughout future.

Based on product type, the market is ghettoized into dried baby food, milk formula, prepared baby food, and several other baby food. During the recent trend, milk formula inhabits the greatest market share followed by the product sector of prepared baby food. However, over the forecast duration, product sector of prepared baby food would obtain prominent implementation in the worldwide market. Sales of milk formula baby food is extremely concentrated during the APAC region. Alternatively, requirement for organized baby food is essentially limited to developed regions. However, the market for prepared baby food, in underdeveloped regions would pick pace over the review period, consequently leading to the dynamic growth of the market across the APAC region. Therefore, this has unlocked a lot of occasions for baby food market. 

The effective augment in the urban population, transformation lifestyles of individuals owing to considerable augment in disposable incomes is the major factor that boost the overall growth of the worldwide baby food market. In addition, augment in the population of women at workplace leaves less time for food preparation and breast-feeding the infants, in turn anxieties quality baby food for their baby. Packaged baby foods are widespread in the urban areas, as they deliver adequate amount of nutrition for infants.

The growing number of malnutrition cases and health concerns for the entire growth of the babies characterize the foremost factors propelling the worldwide organic baby food market. Advanced economic conditions have resulted in augmented expenditure by the parents. Therefore, they are willing to spend on high-quality and luxurious products for the wellness of their babies. Also, organic baby food safeguards the existence of any kind of pesticides in the baby's system as it is made of fruits and vegetables that are not scattered with chemical pesticides, and meat from animals that are not provided antibiotics or growth hormones. It also does not encompass any artificial flavors, preservatives or colors. Furthermore, urbanization and the increasing working populace, especially women, has motivated convenience-oriented lifestyles, which is augmenting the requirement for organic baby food across the globe.

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Baby Food Industry Research Reports

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Ankur Gupta, Head Marketing & Communications

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Profitable Insights of Global Smoke Alarm Market Outlook: Ken Research

 Smoke detectors in residential and non-residential buildings are utilized to determine the presence of smoke. They’re mounted chiefly on ceilings or walls, because the smoke generated chiefly travels upwards, being lighter than the indoor air. Once smoke is detected, a smoke alarm is triggered to alert the occupants to serious fatalities and property loss owing to fire hazards. Moreover, smoke detectors are chiefly hardwired or connected by wires and are battery-operated. Proper planning with throughout installation of smoke detectors minimizes the danger of unexpected fire outbreaks and reduces the loss of human life and building.

According to the analysis, ‘Global smoke alarm market to reach USD 3.5 billion by 2027.’ categorical that there are some corporates that presently functioning heaps successfully for dominant the foremost effective growth 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 Protec Fire Detection Plc, Honeywell International, Johnson Control, Robert Bosch GmbH, Schneider Electric, United Technologies Corporation, Hochiki Corporation, Nest labs, SECOM CO., LTD., Ceasefire Industries Pvt. Ltd., Siemens AG. The market drivers are the increasing initiatives and support from govt. bodies and accrued fire expenditure of enterprises. There has been technological advancement and innovations in smoke detectors and networking that is one in every of the foremost driving factors. In keeping with to SRD, The results of a survey conducted within the United States in 2017 on the quantity spent on connected smoke detectors showed that some 16 % of respondents reported payment over USD 500 on connected smoke detectors. There’s speedy development of smoke detectors technology with Internet of things that is that the nice chance during this market. High value is concerned in replacing ancient smoke detectors with good smoke detectors is that the restraining think about this this market. As per NFPA, The death rate per 1,000 reported home fires was doubly as high in homes that had no working smoke alarms (12.3 deaths per 1,000 fires), either as a result of there was no smoke alarm or there was an alarm however failed to operate), because it was in homes with working smoke alarms (5.7 per 1,000 fires).

The regional investigation of global smoke alarm market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and remainder of the World. North America is that he leading/significant region across the globe in terms of market share. Asia Pacific, due to its increasing population and real estate and infrastructure sectors, is predicted to be the quickest growing region. National Association for Fire Protection (NFPA) reports, U. S. was caused by fires in homes with no operating smoke alarms (17 percent) or no smoke alarms (40 percent), concerning three out of each five home fire deaths.

Additionally, one in every key factors causative towards market growth is that the increasing stringency within the adoption of fire safety rules within residential, commercial, and industrial applications. Numerous countries in regions as well as Europe, Asia Pacific, and North America have enforced demanding safety and security norms that mandate the installation of smoke alarm and detection systems in business, residential, and industrial places. Moreover, the distinguished issue driving growth prospects for the market is that the rising initiative taken by numerous fire departments to make awareness regarding to safety. Thus, it is predicted that the Global Smoke Alarm Market can increase in upcoming years.

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Global Smoke Alarm Market

Related Reports:-

Global Smoke Alarm (Smoke Detector) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Global Home Smoke Alarms Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Prominent Growth In Trends Of Remittance Market Outlook: Ken Research

Remittance is stated to as the money sent by immigrants to their relatives residing in their native kingdoms. Remittance market plays a vivacious role in the economic growth and livelihoods of individuals around the globe. The Remittance inflows in underdeveloped countries make a distinguished share in their GDPs. The market is entirely dependent on the migrated populace living around the world. From a macroeconomic standpoint, remittances can boost collective requirement and thereby encouraging the GDP as well as economic growth. However, the research indicates that remittances may also have adversative macroeconomic impact by growing income inequality and decreasing labor supply amongst the recipients. Despite financial and economic downturns, the steadiness of remittance flow makes the underdeveloped countries a reliable and financial resource. Regions with expanded migration destinations have a greater probability of witnessing more maintainable remittance inflows.

Whereas, outpouring in international migrant populace, deduction of remittance cost & transference services time, and augment in implementation of banking & financial services influence the remittance market growth. However, shortage of awareness and deduction of the growth of the remittance industry across the Asia-Pacific regions is projected to impede the market growth. Conversely, aspects such as growth in internet & mobile penetration and technological modernization in remittance industry are projected to deliver the lucrative opportunity for the remittance market in the forthcoming years.

The bill payment industry report states that the Russian international remittance market is fragmented with the manifestation of small, medium and large corporations. The prominent players such as Sberbank, VTB Bank, Koronapay, Western Union and several others are registering the industry in terms of transaction volume throughout the year 2018. The Russia-Ukraine is the second principal migration corridor across the globe and the Ukraine-Russia is the fourth greatest corridor across the world. Such corridors simplify great scale migration and prominent growth in competition amongst the players in Russia in terms of proposing services for remittance flows.

Moreover, the major remittance channels in remittance international market of Indonesia has been majorly registered by inflow of remittance when associated to outflow of remittance in terms of transaction volume during 2018. International remittance market was found to be abstemiously concentrated with existence of both international and domestic money transfer operatives and banks. Both bank and non-bank channels are energetically functioning in the international remittance market. Furthermore, numerous Indian banks such as ICICI and State Bank of India (SBI) have improved the branded online services for remittances across countries such as Singapore. Also, heavy mobile utilization in Philippines and existence of strong remittance industry could create the Philippines as one of the worldwide leaders in mobile remittances. Furthermore, the non-bank players likewise Remit2India, Xoom, and Western Union are delivering the admittance to their services through the mobile and tablet devices, which is opportunistic for the market growth. The effective rise in internet and mobile penetration and the utilization of digital medium to remit money has become prominent across Asia Pacific region as customers are transmitting money through digital platforms. Therefore, in the near years, it is predicted that the market of bill payments and remittance will increase around the globe more effectively over the forthcoming years.

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Remittance Market Major Companies

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

Different Developing Trends In Worldwide Power Tools Market Outlook: Ken Research

The Power tools are several forms of tools and mechanical devices that function when initiated by an additional power source and mechanism and not physically. These could generally comprise electric motors and compacted or internal combustion engines. Power tools comprise many forms of devices from handheld machine drills to hydraulic presses and pneumatic tools. Power tools can be utilized for several kinds of applications such as household tasks, construction, gardening, and several others.

Reliant on the global power tools market the worldwide power tools market is projected to grow at a substantial rate due to a surge in attractiveness of DIY techniques, investments in infrastructural improvements, and an augment in disposable income of individuals. During the past few years, India spent closely one-ninth share of its GDP on infrastructural improvement activities, which is projected to escalating the forthcoming years. This growth in infrastructural advancement activities is projected to fuel the implementation of power tools across India. In addition, the continual movements in the power tools by principal players aid in improving their demand.

Not only has this, the power tools market competition affluence of use distributed by power tools has made them widespread even for non-professional users predominantly in household operations. The relaxed of accessibility and portability of electric power tools motivate their employment even in ordinary everyday applications involving drilling, sawing, and cutting, which in turn boosts the worldwide power tools market growth. Further, the market has observed increased adoption due to aspects such as rise in application of power tools in a multitude of industries likewise automobile, construction, energy, aerospace, and several others. The requirement for power tools is largely propelled by the rise in implementation of electric power tools, and enhancement of energy efficient power tools. However, the great purchase costs of electric power tools are projected to encumber the growth of the market. On the other hand, the prominent growth in labor costs in the underdeveloped countries such as Brazil, China, and India is probable to boost the growth of the material handling equipment market, which in turn is captivating manufacturers to practice power tools to certify high productivity.

Furthermore, the implementation of power tools around industries in the developed and the underdeveloped nations are probable to be increased due to the shortage of obtainability of a skilled workforce and the high cost of labor. The professional field is principally driven by carpenters, electricians, plumbers, artisans, and several others. The requirement for power tools is probable to augment with the rising requirement from the furniture industry. The foremost factors accountable for the growth of the furniture market are growth in construction and renovation happenings. Power tools are progressively used around various applications in household determination. They are utilized for applications such as drilling, cutting, and fitting. Therefore, the power tool market is predicted to grow throughout the forecast period owing to the wide-ranging use of power tools across the household application.

For More Information, refer to below link:-

Power Tools Market Revenue

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

Different Growing Trends across Global PTFE CCL Market Outlook: Ken Research

 PTFE (Polytetrafluoroethylene) has properties like chemical resistance, flexibility, thermal resistance and low friction owing to which it is used in applications across various industries like aerospace, electronics and electrical, consumer goods and building & construction. CCL is a basic material of PCB which is laminated with copper clads and forms a basis of many electrical components. PTFE CCL is utilized widely in hardware industry in manufacturing various electronic products like televisions, computers, mobile phones and radios.

According to the report analysis of,’ Global PTFE CCL Market to reach USD 561.4 million by 2027.’ Major market player in the market of Global PTFE Market are Guangdong Chaohua Technology Co., Ltd. (China), Guangzhou Grace Electron Corporation (China), Panasonic Corporation (Japan), Isola Group Ltd. (US), Shengyi Technology Co., Ltd. (SYTECH) (US), Doosan Group (South Korea), Nan Ya Plastics Corporation (China), Taiwan Union Technology Corporation (Taiwan),  ITEQ CORPORATION (Taiwan), Shandong Jinbao Electronics Co.,Ltd. (China) and Cipel Italia (Italy).  For Instance: As per Oberlo Statistics in 2020, the current smartphone penetration rate in estimated to be 45.6% which means more than 4 persons out of every 10 own a mobile phone. Also, as per data from Statista in 2020, 10.34% of rise in smartphone users has been observed as compared to 2018.

Because of covid-19 pandemic, manufacturers have suffered losses owing to lockdowns and non-operational factories considering labor safety and government norms. This led to the decrement in the market expansion of Global PTFE CCL Market. However, technological development in optical information storage systems and upcoming 5G technologies which require 5G infrastructure materials good boosts the market expansion in the forecast amount. For Instance: As per data by Gartner in 2019, 5G network infrastructure market is expected to rise by 89% in just 12 months of launch. Tremendous rise is use of e-vehicles would also act as the major factor which would support the market growth. As per McKinsey in 2019, Global e-vehicle usage increased by 63% year on year basis in 2018. Even so, availability of other substitute would be the major restraining factor which impede the growth of the market over the forecast period of 2020-2027.

The regional analysis of global PTFE CCL market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to rise in technological advancements and strong penetration of electronic products. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such rapid rise in the use of electronics products in emerging economies such as Japan, China and India would create lucrative growth prospects for the PTFE CCL market across Asia-Pacific region. The market is further segmented on the basis of type and application. On the basis of type divided into PTFE Fiberglass Type and PTFE Filled Type. On the basis of Application divided into Communication Infrastructure, Electronics Product, Automotive, Defense and Others.

Moreover, tremendous increase in demand for these electronics products’ major drivers for market growth. Further, development and recent innovations in semiconductor technologies and electronic machines will contribute the growth of PTFE CCL market. It also provides support transmission, conductivity and offers amazing protection. Therefore, it is expected that the market of Global PTFE Market will boost up throughout the forecast amount.

For More Information, Click on the Link Below:-

Global PTFE CCL Market

Related Reports:-

Global PTFE CCL Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Global PTFE CCL Market Research (2015-2019) and Future Forecast (2020-2025)

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Growth of Online Retail and Self Medication Trends has Stimulated Growth in Indonesia Pharmacy Retail Market: Ken Research

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Increasing Telemedicine Usage: There has been an increase in the usage of digital healthcare and this will become the new norm in the country post-COVID-19. In March 2019, the Local healthcare app, Alodokter, recorded more than 30 million active users (1.5X higher than pre-COVID-19 traffic). Indonesia’s biggest telemedicine app, Halodoc, as well as ride-haling giant, GoJek, partnered with the Ministry of Health to provide COVID-19 diagnostics in remote areas.

Pharmacy is Becoming One Stop Solution for Healthcare:  Pharmacies have focused increasingly on services such as home delivery, prescription records, and medicine consumption reminder services, special diabetic care section, self-diagnostic equipment, natural foods, baby care products, skincare, toiletries, among other things to become a one-stop solution for all pharmacy needs of the customer.

Challenges in Healthcare Industry: Providing healthcare facilities to its citizens that are spread around 17,000 islands is a huge challenge for the Indonesian government. Healthcare facilities in Indonesia are unevenly distributed; despite the fact, only 35% of its island is inhabited. The majority of primary healthcare facilities are located in Java, the most packed island. Puskesmas (government-run clinics) are the main (and only in some cases) point of contact for healthcare services in many underdeveloped rural areas.

Impact of COVID-19 on Indonesia Pharmacy Retail Industry: COVID-19 has severely impacted the pharmacy retail market in Indonesia. In July 2020, the average revenue per pharmacy declined by ~50.0% as compared to the same period in 2019. The imposed lockdown in the country, the decline of pharmaceutical production, and the movement of transport impacted the industry adversely. The demand for OTC and Supplements for boosting immunity increased in 2020; even after the lockdown has the demand for these products continues to rise. Companies are expected to invest in online sales channels & partnerships to ensure sales revenue.

Analysts at Ken Research in their latest publication “Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure (Organized & Unorganized); By Region (West Java, East Java, Central Java, Jakarta, North Sumatra  & Others); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)”  observed that Indonesia is one of the largest pharmaceutical products market in South East Asia and is slowly recovering from the economic crisis after the pandemic. The increasing insurance penetration in the country along with rising demand for OTC products is driving the growth of the industry. Increasing focus on promotional and marketing activities, new product launches, partnerships & collaborations are expected to drive the industry in the future. Indonesia The pharmacy Retail Market is expected to grow at a CAGR of 1.5% on the basis of sales revenue over the forecast period 2019-2025.

Key Segments Covered: -

By Market Structure (Organized & Unorganized),

By Type of Product (Prescribed Drugs, Over-The-Counter, Non-Pharmaceutical Products & Medical Equipments)

Further Segmentation of Product Type based on Hospital-based and Street/Mall Based Pharmacies

By Region (West Java, East Java, Central Java, Jakarta, North Sumatra  & Others)

By Type of Drugs (Patented & Generics)

By Therapeutic Areas (Anti-Infective, Cardiovascular, Pain/Analgesics, Vitamins/Minerals /Nutrients, Antibiotic, Respiratory, Gastro-Intestinal, Gynecology, Neuro & Others)

Companies Covered: -

Kimia Farma Apotek

Apotek K-24

Guardian

Watsons

Century

Viva Apotek

Griya Farma

Key Target Audience

Pharma/Medicine Manufacturers

Medicine Distributors/Wholesalers

Health Supplements and OTC Products Manufacturers

3PL Logistic Players

Government Organization catering to the Pharmaceutical Industry

E-Pharmacy Players

Offline Pharmacy Players

Hospitals

Industry Associations

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2020-2025

Key Topics Covered in the Report: -

Healthcare Overview of Indonesia

Trends and Growth Drivers in the Industry and Challenges Faced

Contraceptive Usage and Trends in Indonesia

Indonesia Pharmacy Retail Size and Segmentations, 2014 - 2019

Ecosystem and Value Chain of Pharmacy Retail Industry in Indonesia

Industry SWOT Analysis and BCG Matrix

Customer Decision Making Parameters

Cross Comparison between Major Players and Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2019-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

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

Indonesia Pharmacy Retail Market Growth

Related Reports by Ken Research: -

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)

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’s), By Drug Type (Generic And Patented) 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

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

Indonesia Pharmacy Retail Market Outlook: Ken Research

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The report titled “Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure (Organized & Unorganized); By Region (West Java, East Java, Central Java, Jakarta, North Sumatra  & Others); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)” provides a comprehensive analysis on the status of the pharmacy retail sector in Indonesia. The report covers various aspects including the number of pharmacies & market size, production scenario of pharmaceutical products in the country, target audience, growth facilitators, issues & challenges faced by the industry, and more. The Indonesia Pharmacy Retail report concludes with projections for the future of the industry including forecasted sales revenue by 2025, market segmentation, Covid-19 impact, and analysts’ take on the future.

Indonesia Pharmacy Retail Overview and Size:

Indonesia's pharmacy retail sector is in the growing phase with the presence of over 40,105 drugstores and pharmacies along with a revenue CAGR of 8.1% during 2014-2019. Increasing incidence of lifestyle-related ailments such as Diabetes, Obesity, hypertension, and various heart-related diseases and prevalence of communicable diseases such as TB, influenza among the growing population are the main reasons behind positive growth in pharmacy retail revenue due to the increased sale of private-label goods. Another major driver is the aging population. The UN has predicted that the percentage of Indonesians, over 60 years old will reach 25% in 2050, or nearly 74 million elderly people.

Indonesia Pharmacy Retail Segmentations

By Market Structure: Unorganized market dominated the pharmacy retail industry in Indonesia in 2019 on the basis of revenue and number of stores. The presence of major pharmacy retail chains is limited to urban areas; hence the organized segment generates less revenue.

By Type of Product: In terms of consumer preferences, sales for over the counter (OTC) drugs are growing faster than that of prescription drugs but the latter has the dominant market share. Increasing the trend of self-medication and rising health awareness has led to the rapid growth of the OTC segment.

Further Segmentation of Product Sales by Hospital and Mall/Street Based: Prescription medicines continue to dominate the hospital pharmacies as people usually buy doctors prescribed medicines from hospitals and use standalone pharmacies for self-medication. The rising tendency in Indonesians to self-treatment, increasing awareness for a healthy lifestyle coupled with easy availability and distribution have allowed unorganized independent stores to sell products majorly for self-medication purposes.

By Type of Drugs: Indonesia is a very brand-conscious market, where people prefer branded/original medicines or branded generics (patent) regardless of the premium prices. As a result of the same patent, medicines recorded higher revenue as compared to generics. With the implementation of JKN, the sale of prescribed generic drugs has increased over the year which is a major driver for the growth of this segment.

By Therapeutic Area: The trend for growth of anti-anti-analgesics, anti-diabetic and cardiac care medicines reflects the rise in the number of diabetes and heart disease patients in the country, and the increasing focus of pharmaceutical companies on the therapy areas. Shift from communicable to non-communicable diseases in Indonesia will not be as apparent compared to other countries, due to the high incidence of tuberculosis.

By Type Region: West Java has the major share of the total pharmacies and drugstores in Indonesia in 2019; also it dominates the segment in terms of revenue. This can be attributed to more number of hospitals located in the region.  East Java has witnessed an increase in foreign investment in the pharmacy sector. The high rate of urbanization in Central Java has enabled the growth of online retail pharmacy products.

Competitive Landscape of Indonesia Pharmacy Retail

The pharmacy retail market in Indonesia is highly fragmented with the top 5 major organized chains (Kimia Farma, Apotek K-24, AS Watsons Group, Guardian Pharmacy, and Century Apotek) accounting for 8.3% of the revenue share in 2019. Both private as well as public pharmacy retail companies have entered the market over the past five years to tap the potential in this sector. These players compete on parameters such as proximity, value-added services, availability of drugs, promotional offers, and tie-ups with major healthcare institutions. In order to increase their revenue, the players offer their products through online portals.

Indonesia Pharmacy Retail Future Outlook & Projections

The Pharmacy Retail industry is expected to recover from the Covid-19 pandemic and witness growth by 2025. The increasing demand for OTC products and an increasing number of telemedicine companies such as Halodoc, Alodokter, SehatQ, GoApotik, and others are expected to fuel the sales of medicines. The adoption of generic medicines is also expected to increase over the forecast period. The Pharmacy Retail market is expected to witness investment in promotional and marketing activities and also strategic partnerships or acquisitions of smaller players and independent pharmacies.

Key Segments Covered: -

By Market Structure (Organized & Unorganized),

By Type of Product (Prescribed Drugs, Over-The-Counter, Non-Pharmaceutical Products & Medical Equipments)

Further Segmentation of Product Type based on Hospital-based and Street/Mall Based Pharmacies

By Region (West Java, East Java, Central Java, Jakarta, North Sumatra  & Others)

By Type of Drugs (Patented & Generics)

By Therapeutic Areas (Anti-Infective, Cardiovascular, Pain/Analgesics, Vitamins/Minerals /Nutrients, Antibiotic, Respiratory, Gastro-Intestinal, Gynecology, Neuro & Others)

Companies Covered: -

Kimia Farma Apotek

Apotek K-24

Guardian

Watsons

Century

Viva Apotek

Griya Farma

Key Target Audience

Pharma/Medicine Manufacturers

Medicine Distributors/Wholesalers

Health Supplements and OTC Products Manufacturers

3PL Logistic Players

Government Organization catering to the Pharmaceutical Industry

E-Pharmacy Players

Offline Pharmacy Players

Hospitals

Industry Associations

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2020-2025

Key Topics Covered in the Report: -

Healthcare Overview of Indonesia

Trends and Growth Drivers in the Industry and Challenges Faced

Contraceptive Usage and Trends in Indonesia

Indonesia Pharmacy Retail Size and Segmentations, 2014 - 2019

Ecosystem and Value Chain of Pharmacy Retail Industry in Indonesia

Industry SWOT Analysis and BCG Matrix

Customer Decision Making Parameters

Cross Comparison between Major Players and Company Profiles & Product Portfolios

Future Market Size and Segmentations, 2019-2025F

Covid-19 Impact on the Industry & the Way Forward

Analysts’ Recommendations

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

Indonesia Pharmacy Retail Market Growth

Related Reports by Ken Research: -

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)

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’s), By Drug Type (Generic And Patented) 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

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

Growing Presence of Pharmacy Chains and Increasing Health Awareness Driving the Pharmacy Retail Industry in Vietnam: Ken Research

Growing Per Capita Drug Expenditure: The per capita spending on medicines in Vietnam is consistently rising each year. The average drug expenditure per capita was USD 9.8 in 2005 & rose to USD 22.25 in 2010. It further grew from USD 34.48 in 2014 to USD 59.32 in 2019, witnessing a CAGR of ~11.5% over the period. In the recent years, organized pharmacy stores have come up in many major urban regions in the country. This has further contributed to rising expenditure.

Rising Incidents of Non-Communicable Diseases: The country is experiencing a shift from communicable diseases to non-communicable diseases. NCDs such as cardiovascular diseases, cancers, maternal & pre-natal conditions, chronic respiratory diseases and diabetes are becoming increasingly common. The contribution of NCDs to total deaths in Vietnam was ~80% in 2018, while 71.4% of the total cases were attributed to NCDs in the same year. This has led to the increase in demand for drugs from various therapeutic classes at pharmacies across Vietnam.

Aging Population: Vietnam is one of the countries with the fastest aging population in South East Asia. The country’s proportion of population aged above 65 years increased from 7% in 2015 to 7.9% in 2018 whereas the proportion of population above 60 years of age reached ~11.9% in 2018. The proportion of population above 80 yrs of age (2.16% in 2018) in the country is expected to triple to almost 6% of the population by 2050, leading to higher demand for maintenance medicines.

Impact of COVID-19 on Retail Pharmacy Sales: The outbreak of Covid-19 pandemic in the country in the beginning of 2020impacted the pharmaceutical industry in Vietnam with supply chain disruptions. Imports of medicines & raw materials from China & India declined due to factory closures in these countries. On the retail side, a shift of consumers towards buying OTC products was observed. There was stockpiling demand for non-prescription drugs such as analgesics, antipyretics, pain relievers, cough & fever, eye drops, nasal solutions among others. Pharmacies also started stocking up and supplying essentials such as face masks, sanitizers, immunity boosters, vitamins, etc. Most pharmacies witnessed an increase in customer footfall as well as spending.

Analysts at Ken Research in their latest publication “Vietnam Pharmacy Retail Market Outlook to 2025-By Market Structure (Organized & Unorganized); By Region (North, South & Central); By Hospital-based & Street/Mall-based; By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)” observed that there has been a surge in the number of pharmacy retail chains in Vietnam in the recent years with electronic giants such as FPT & Mobile World Group entering the pharmaceutical retail industry. Rapid store expansion by these players and rising drug spending has contributed to the growth of the market. The Pharmacy Retail Industry in Vietnam is expected to grow at a CAGR of 8.1% on the basis of revenue and4.6%on the basis of number of pharmacies over the forecast period 2019-2025.

Vietnam Pharmacy Retail Market (Basis Revenue and Number of Pharmacies):-

Vietnam Pharmacy Retail Market Segmentations (On the basis of Sales Volume)

By Market Structure (On the basis of Revenue and Number of Pharmacies)

Organized Market

Unorganized Market

By Product Category (On the basis of Revenue)

Prescribed Drugs

Over-the-Counter Products

Non-Pharmaceutical Products

Medical Equipment

By Region (On the basis of Revenue & Number of Pharmacies)

North

Central

South

By Therapeutic Areas (On the basis of Revenue)

Cardiovascular

Anti-Diabetic

Pain Relief/Analgesics

Vitamins/Minerals/Nutrients

Anti-Infective

Respiratory

Gastrointestinal

Neuro

Gynecology

Others

By Drug Type (On the basis of Revenue)

Generics

Patented

By Location (On the basis of Number of Pharmacies)

Street/Mall Based

Hospital Based

Pharmacy Retail Chains Covered:-

Pharmacity

Long Chau

Guardian

Medicare

Phano Pharmacy

An Khang

Trung Son

VinFa

Eco Pharmacy

My Chau

SK Plus Pharmacy

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:  2020-2025

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

Vietnam Pharmacy Retail Market

Related Reports:-

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’s), By Drug Type (Generic And Patented) 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

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)

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

Product Portfolio Strategy by Ken Research

 Product mix is a set of all products/services and items a particular seller offers for sale. It is also recognized as a product assortment. It is expanded, contracted, and modified depending on some factors including production capacity, profitability, demand, production costs, demand fluctuation, competition, objectives & policy of the company, government rules & restrictions, and overall business condition or condition of the economy. Product mix analyses evaluate a variety of go-to-market strategies to distinguish the optimal product mix at the client, regional, or national levels. It often extends the scenarios to novel product introduction and SKU sun-setting decisions. Clients attempt to create reasonable plans that exploit the financial impact of their strategies while meeting other business objectives.

Product mix analysis isn't as simple as it looks. Various businesses do product mix analysis when they represent new products. The right analysis makes all the differences in the future success of your product’s brand. Few tips to leverage your product’s analysis are:

• To analyze what worked in the past
• To look at the better picture
• To make predictions based on findings
• To motivate your team

Ken Research has expertise in product line & product mix analyses which can assist you to develop a competitive product assortment including a mix of products with dissimilar growth rates as well as market shares. We suggest the following roadmap for improving the success rate of a product mix study:-

1. Identify the product mix problem.
2. Collect the data for base-line product mix assessment.
3. Develop novel scenarios for additional product mix analyses.
4. Select the best possible product mix profile.
5. Map out the definite production sequence to authenticate the feasibility of the optimal profile.

Our product mix analysis uses four dimensions for evaluating How to Conduct Product Mix Analysis. These dimensions follow:

1. Width: The width of the product mix refers to the total number of different product lines the company carries.
2. Length: The length of the product mix refers to the total number of items the company carries within the product lines.
3. Depth: The depth of the product mix refers to the total variants that are offered for each product line. The average depth can be calculated by averaging the number of variants within brand groups.
4. Consistency: Product mix consistency refers to how firmly relate the various product lines are in end-use, distribution channels, production requirements, or some other way.

Moreover, product mix analysis involves various elements that are used to attract attention, particularly when clients are not familiar with the brands. The purpose of the product mix elements represented by brand name, package, information & quality, color, size, shape, is to gain attention as well as attract the customer towards such products. Current trends and healthy lifestyles create product attractiveness which is presented through the package & design. Product mix elements are significant influencing factors to the customer buying decision. It has a great impact on the success of your company in a very competitive environment. It works as a tool that assists consumers to choose the product from an extensive range of similar products & stimulates client’s buying behavior.

For More Information on the Existing Product Line, Click On The Link Below:-

https://www.kenresearch.com/present-product-line.php

Related Post:-

https://www.kenresearch.com/blog/2020/02/assessment-of-existing-product-line-market/

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Effective Increment in Global Property Management Software Market Outlook: Ken Research

 Property Management Software is employed to deal with big volumes of information within the style of property detail, customer details, geography, demography, social preferences, legal information and government policies. Conventional way of property Management was with the help of Microsoft Excel, notepads book-keeping which was quite tedious together with time consuming. Adaptation of Property Management Software not only avoids delay but also is very convenient to register responses and extract data as per requirements. The software is additionally beneficial in financial reporting, lease agreements, online documentation storage and hence it is useful for real estate, government accommodation and logistics management.

According to the analysis, ‘ Global Property Management Software Market to reach USD 561.4 million by 2027’ The property management software providers are focusing on recent product development, which aids in strengthening their market presence. The new features embrace online state-based lease documents, credit/ debit card, ACH, or Pay near me walk-in flexible payment options, and customer relationship management, among others. Some of the prominent players within the property management software market include App Folio Inc. (US), Console Australia Pty Ltd. (Australia), Entrata Inc. (Utah), London Computer Systems (US), MRI Software LLC (US), Quicken Inc. (US), Real Page Inc. (US), Rentec Direct (US), Res Man LLC (US) and Yardi Systems Inc. (US). For Instance: As per McKinsey in 2018, 25 % digitization has been overserved across the globe. Further, development and infrastructure across the globe with mandatory government policies of documentations and other details for smooth functioning supports Global Property Management Software Market.

For Instance: As per Oxford Economics in 2017, overall GDP of the world increases with 3.5 % compared to last year. Also, as per UN Sustainable Development Goals in 2017, from 2016-2030, about investment of 3.8% of global GDP in infrastructure development would content the growth rates. Also, due to Covid-19 Pandemic, real estate sector has observed decrement owing to recession and economic slowdown. This has directly affected global property Management software market. However, with the decline in COVID-19 situation, tremendous expansion for infrastructure development would lead to the market expansion. However, cybersecurity risk comprising of privacy and security issues are the hindering factors which impede the growth of the market over the forecast amount.

The regional analysis of global Property Management Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world owing to rise in technological advancements and strong penetration of software. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period. Factors such rapid development in infrastructure and need for maintenance of high data collection of property management would create moneymaking growth prospects for the Property Management Software market across Asia-Pacific region.

Moreover, the market is anticipated to witness an incremental surge in demand for Property Management Software (PMS) due to escalating demand for web-based services including Software as a Service (SaaS) by property management software providers. SaaS-enabled PMS aids manage daily operations including tenant and lease tracking, building maintenance, and accounting, among others. Therefore, it is expected that the market of Global Property Management Software Market will increase in the upcoming years.

For More Information, Click on the Link Below:-

Global Property Management Software Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249