Monday, 19 August 2019

Philippines Pharmacy Retail Market Research Report to 2023


Current Potential of the Philippines Pharmacy Retail Market?
The market is currently at the growth stage and the revenues generated by the Pharmacy Retail in the Philippines was evaluated at PHP ~ billion during 2018, inclining from PHP ~ billion in 2013. The organized pharmacy chains are playing an important role in the development of pharmaceuticals market by introducing new store formats and customer friendly services. These stores are providing various other services such as medical consultation, counseling, health check-ups and others in addition to the product offerings. The chains are present in most of the regions in the Philippines prominently in the Manila, Luzon, Visayas and Mindanao region. The demand is facilitated on the basis of prescription medicines as the customers prefer to purchase medicines prescribed by the doctor.
Demand for OTC products is growing in the country as the medical awareness and health knowledge is increasing among the consumers. The pharmacy stores stock a wide range of non pharmaceutical products which includes personal care products, daily living needs and FMCG products. These companies are partnering with the pharmacy chains as the chains have developed a good distribution network in the different regions of the Philippines, which the supermarkets and hypermarkets currently lack. The industry registered a CAGR of ~% for the period 2013-2018. It is estimated that the market will grow at a CAGR of ~% in the period 2018-2023.
Philippines Pharmacy Retail Market Segmentation
By Type of Market Structure (Organized and Unorganized Market: Philippines pharmacy retail market was dominated by the organized segment as these chains have established a good relation with the customers on the basis of the store convenience and different customer loyalty schemes. On the other hand, unorganized segment is mostly prevalent in the countryside and rural areas where the organized chains are not present.
By Type of Store Location (Standalone and Hospital Based Stores): The standalone stores are able to generate greater revenue than the hospital based stores as most of the patients prefer to purchase from the standalone stores due to their cost efficiency. In addition to that, standalone stores maintain a wide range of non pharmaceutical products which increases the store footfall.
By Region: (North, Central and South): Northern region constitutes National Capital Region and Central Luzon. Pharma sales are most in the North as the NCR region over there has the most per capita GDP in the country during. The remaining market share was collectively captured by central and south region.
By Type of Drug (Generic and Patented): The generics category consists of a number of sub-segments existing at different pricing tiers including branded generics, Uni-branded generics, house-brands and unbranded generics. Traditionally, the market consisted of branded and unbranded generics but big local companies have launched Uni-brands such as Pharex and RiteMed at a discounted price lower than the branded generics, therefore have experienced high growth. The remaining market was captured by patented segment.
By Type of Sales (Prescribed Medicines, Over the Counter Products, Non Pharma Products and Medical Equipment):
Sales towards prescribed medicines were observed to dominate Philippines pharmacy retail market during the year 2018. The demand is majorly facilitated by the sales happening in the hospital based stores and standalone stores near a hospital. This was followed by the OTC products, Non Pharmaceutical Products and medical equipment.
By Therapeutic Class:
The Philippines pharmacy market has different group of therapeutic drug classes such as anti-infective, cardiovascular, gastro intestinal, anti diabetic, vitamins, minerals and nutrients, respiratory, pain analgesics, dermatology, neuro, gynecological and others. The market has most demand for the cardiovascular drugs due to high rate of Coronary Heart Diseases (CHD) in the country.
WHAT IS THE COMPETITION SCENARIO in the Philippines pharmacy retail market?
Competition stage within Philippines pharmacy retail market was observed as highly concentrated along with the presence of major pharmacy retail chains and independent stores in the country. The top five major pharmacy chains present in the market are Mercury Drug Corporation, Watsons Personal Care Stores, SouthStar Drug Inc, Rose Pharmacy and The Generics Pharmacy. The competition is driven by the number of stores, product offerings, range of product categories, services, customer loyalty scheme, private label goods and marketing & promotion.
Majority of the unorganzied players lack the resources in comparision to the organized players and therefore aren’t able to compete with them. The major competition parameters for the different players are:
Type of Medicines offered
Pricing of the Medicines
Location and Number of Stores
Different Type of Product Offerings
In Store Experience and Customer Loyalty Schemes
Value Added Services
The promotion techniques used and others
The majority of the organized pharmacy chains have limited their presence to the developed regions and are available in the major regions and provinces. They need to increase their store presence in the semi-urban and rural areas in order to increase their market penetration in those regions. The adoption of franchise model by some chains is good for this as those chains are expanding rapidly in the region and have been able to establish their presence in the market over a short period of time.
WHAT is the FUTURE Outlook for the Philippines pharmacy retail market?
Over the forecast period, the Philippines pharmacy retail market is expected to register a positive CAGR in terms of revenue during the forecast period 2019-2023, driven on the expected growth in the total number of organized stores in the country. The organized chains are expected to include the online sales channel in their distribution system and adopt the omni sales channel strategy. As the medicine market is being dominated by the demand for generic medicines, total number of drugstores providing generic medicines are expected to increase in the near future. The government of Philippines has revived the Botika Ng Bayan initiative which used to provide the medicines in the Philippines at subsidized rates. The government of Philippines aims to expand it to each of the barangay (village) in the Philippines and provide generic medicines in order to reduce the healthcare costs.
Key Segments Covered
Market Structure
Organized Market
Unorganized Market
Type of Store Location
Standalone Pharmacy
Hospital Based Pharmacy
Region
North
Central
South
Type of Sales
Prescribed Medicines
OTC Products
Non Pharmaceutical Products
Medical Equipment
By Type of Drug
Generic
Patented
By Therapeutic Class
Anti-Infectives
Cardiovascular
Gastro Intestinal
Anti Diabetic
Vitamins/Minerals /Nutrients
Respiratory
Pain/Analgesics
Dermatology
Neuro
Gynecological
Others
Key Target Audience
Existing Pharmaceutical Retailers in the Philippines
Existing Pharmaceutical Distributors in the Philippines
Existing Pharmaceutical Wholesalers in the Philippines
Existing Pharmaceutical Manufacturers in the Philippines
Existing Pharmaceutical Importer in the Philippines
New Market Entrants- Domestic Retailer
New Market Entrants- Domestic Distributor
New Market Entrants- Domestic Wholesaler
New Market Entrants- Domestic Manufacturer
New Market Entrants- Foreign Retailer
New Market Entrants- Foreign Distributor
New Market Entrants- Foreign Wholesaler
New Market Entrants- Foreign Manufacturer
Market Associations
Investors & Venture Capital Firms
Real Estate Companies
Government Bodies
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023
Companies Covered:
Mercury Drug Corporation
Watsons Personal Care Stores
SouthStar Drug Inc.
Rose Pharmacy
The Generics Pharmacy
Key Topics Covered in the Reports
Executive Summary
Research Methodology
Philippines Pharmacy Retail Market Introduction, Overview and Genesis
Value Chain of Philippines Pharmacy Retail Market
Philippines Pharmacy Retail Market Size, 2013-2018
Philippines Pharmacy Retail Market Segmentation, 2013-2018
Business Model for a Retail Pharmacy Store in the Philippines
Pre-Requisites for the Philippines Pharmacy Retail Market
Regulatory Framework in the Philippines Pharmacy Retail Market
Growth Drivers in the Philippines Pharmacy Retail Market
Trends in the Philippines Pharmacy Retail Market
Issues and Challenges in the Philippines Pharmacy Retail Market
Import Scenario in the Philippines Pharmacy Retail Market
SWOT Analysis of the Philippines Pharmacy Retail Market
Cross Comparison of International Pharmacy Stores with the Philippines Organized Pharmacy Retail Market
Porter Five Forces Analysis for the Philippines Pharmacy Retail Market
Comparative Landscape in the Philippines Pharmacy Retail Market
Snapshot of Major Players Using Omni Channel Model in the Philippines Pharmacy Retail Market
Snapshot of Emerging Hybrid Model in the Philippines Pharmacy Retail Market
Philippines Pharmacy Retail Market Future Outlook and Projections, 2019-2023
Analyst Recommendations for the Philippines Pharmacy Retail Market
For more information on the research report, refer to below link:
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MVSTF & UNICEF launches special campaign on issue of child rights

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·       Forging Independence - campaign launched on August 15th as part of Independence Day celebration  
·       Campaign launched in 850 villages from 25 districts of Maharashtra
Mumbai, August 19th, 2019: Maharashtra Village Social Transformation Foundation (MVSTF) & United Nations International Children's Emergency Fund (UNICEF) India as part of Independence Day celebration and to commemorate 30th year of United Nations Convention on the Rights of the Child (CRC@30), launched a special campaign titled – ‘Celebrating Child Rights ‘which would focus on issues related to child rights.
Thirty years ago, world leaders made a historic commitment to the world’s children by adopting the United Nations Convention on the Rights of the Child – an international agreement on childhood. It has become the most widely ratified human rights treaty in history and has helped transform children’s lives around the world. As part of the celebration and to further work towards the goal of child rights - MVSTF & UNICEF would run a three-month long campaign in three phases in 850 villages from 25 districts of Maharashtra. The main aim of the campaign is to reach out to people and educate them about the issues of child rights and child marriage. The purpose is to create awareness among villagers. MVSTF is the executing partner, whereas UNICEF India is the knowledge partner for the campaign.
The campaign, would be held in three phases. The first phase was launched on August 15th will focus on creating awareness about the issue at the grassroot level among the villagers. To create awareness and setup a strong base, Gram Sabhas (Village Meets) will be held to educate people about the issue Also, in the first phase Gram Sabhas would be help to pass a resolution for protection of child rights and its effective implementation. Chief Minister Rural Development Fellows (CMRDF) in their respective villages would ensue that Child Act Protection Committees are formed and activated. Also, CMRDFs would ensure to further create awareness of 10 % funds allocated for women and children as per the 14th Finance Commission. The CMRDFs would also ensure that the funds are properly used.  Also, the first phase will ensure that children till the age of 18 get the best possible education for their overall development. The first phase will continue till August 30th.   
The second phase, will be launched on October 11th as part of International Girl Child Day celebration. The second phase would focus on implementation of Beti Bachao & Beti Padhao scheme. Meetings and discussions will be held in schools which would focus on key issues related to child marriage. There will be discussions with Self Help Groups and also on VHNDs. The focus will be on child marriage. Also, experts from UNICEF will discuss key and critical issues with the villagers and explain them how to deal with their children on certain aspects with regards to behavioral changes. Also, UNICEF would distribute literature to schools, children and parents on the topic and would also show documentaries and films which would further throw light on the issue. The second phase will culminate on October 30.
The third phase will commence from November 14, 2019 till November 30, 2019. The last phase of the campaign will educate villagers about harmful effects of child marriage and legal remedies provided by the government. The focus would be on giving insights on why and how to prevent child marriage and how to reach out to village, district and state administration to report any wrong doing or crisis. The villagers would also be given information about various helpline and help desk numbers to report such cases.
Speaking about the campaign, Mr. Ramnath Subramaniam, CEO, MVSTF said, “Our support to UNICEF is deep rooted. We are supporting the mission to expand and reach out to villagers and aggressively tackle the issue at the grassroot level. Our partnership with UNICEF has resulted in numerous initiatives that have empowered communities at the village level. We are confident that this campaign would setup a strong base in villages to tackle the issue in the future.”
Quote from Rajeshwari Chandrasekar, Chief, Maharashtra Office: Partnership is the key to take forward the agenda of child rights.   The focus for UNICEF this year is to prevent violence against children. Article 19 of UNCRC suggests: “Governments must make sure children are properly cared for and protect them from violence, abuse and neglectPartnership with MVSTF will help to create an enabling environment for prevention of child marriage and help to reach families and communities to realize that every child has every right.

Disha Patani

The actress looks gorgeous in any outfit, be it Western or Indian attire. Disha always steals the show!

CRY Invites Proposals for its 11th National Child Rights Research Fellowship Programme


Mumbai: One of India’s reputed non-profit organisations, Child Rights & You (CRY) working to ensure happy, healthy and creative childhoods, invites applications from people who are passionate about child rights and research for its year-long research fellowship programme.
Description: Essential Requirements
A three-page proposal in the prescribed format, which briefly explains your topic of study, objectives and research question within a framework, proposed methodology, time lines, a reading list of related literature/existing studies on the subject and a detailed budget. 

A two-page updated CV in the prescribed format
A sample of your 
published or unpublished papers or articles, or any documentation done on a related theme
Names, phone numbers and e-mail addresses of two referees willing to furnish references for you 

Last Date for submitting applications is 20th September, 2019. Please     e-mail your application to: research@crymail.org
For further details, visit https://www.cry.org/child-rights-research-fellowship

 
Individuals with broad understanding of children issues and keenness to explore various aspects of child rights are encouraged to apply. Up to five fellowships ranging from Rs. 50,000 to Rs. 1 lakh will be awarded.
The 11th edition of CRY’s National Child Rights Research Fellowship (NCRRF) aims at providing an opportunity for individuals to work on various issues, including evidence on relationships between ethnicity, inequality and conflict as witnessed or experienced by children and exploration of relationships a child has with other children, community, state and family. 
The main mandate of the program is to build a community of child rights researchers who are passionate about exploring issues related to the Indian Child. The last date for submitting application is 20th September, 2019 and the names of selected researchers will be announced on CRY website in November 2019.
During the course of the year, the researchers can develop and interpret themes on the basis of their experiences and ideas. After successful completion of the research, findings will be made available to activists, academicians, development practitioners and general people.  
The candidates should be more than 18 years of age and must be Indian citizens. The essential requirements for the application include a three-page proposal, which briefly explains the topic of study, objectives and outlines the research question within a framework, proposed methodology, timelines, a reading list of related literature/existing studies on the subject and a detailed budget.
The participants also need to provide an updated two-page CV, samples of published or unpublished papers and details of references.
Applications may be sent to: research@crymail.org or by post to CRY-Child Rights and You, Documentation Centre, 189 A, Anand Estate, Sane Guruji Marg, Mumbai 400 011. 

Indonesia Peer-to-Peer Lending Market Outlook to 2024


The report titled “Competition Benchmarking: Indonesia Peer-to-Peer Lending Market Outlook to 2024” provides a comprehensive analysis of Indonesia Peer-to-Peer Lending platform operators. The report covers various aspects including market overview, value chain analysis, market evolution, the market size of Peer-to-Peer Lending platforms on the basis of loans disbursed and market segmentation by location of loans disbursed in and outside Java, regulatory framework impacting the Indonesia market and competition landscape. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and cautions for Indonesia Peer-to-Peer lending market.
Indonesia Peer-to-Peer Lending Market Overview
The Indonesia Peer-to-Peer the lending market was observed to be at a nascent stage since the market was established in 2016 driven by a need to serve the under-banked and underserved businesses and customers in the remote regions of Indonesia. The regulations brought out by the Indonesian Financial Services Authority in 2016 outlined the operational and financial requirements for Peer-to-Peer lending platforms to operate. The market is fragmented with more than 100 platform operators currently registered with the OJK. The improvements in technology and internet connectivity will drive more platforms to establish and reach more customers.
Indonesia Peer-to-Peer Lending Market Size
Indonesia Peer-to-Peer Lending market size has seen major growth since its inception in 2016. The improvement in credit assessment techniques and the use of Artificial Intelligence and Machine learning techniques has driven the increase in borrower base due to more approvals. The Non-performing loans have also been at par with the Indonesian banks and in some cases lower. The number of platform operators has also nearly doubled every year and is poised to grow similarly in the future.
The types of loans disbursed by these platforms are Working Capital loans, Consumptive loans, and Investment loans. Working capital loans occupy the major share for the type of loans since these loans are mostly disbursed to MSMEs.
Indonesia Peer-to-Peer Lending Market Segmentation
By Location of Loan Disbursed (Inside Java and Outside Java)
Loans disbursed inside Java dominated the Indonesia Peer-to-Peer lending market in 2018. Presence of established internet and mobile phone penetration in Java drove the loan disbursement in Java to be higher than outside Java. 
Comparative Landscape in Indonesia Peer-to-Peer Lending Market
The Peer-to-Peer lending market in Indonesia was observed to be fragmented with presence of a few international players from countries like China, Malaysia and Singapore. It is relatively easier to enter into the Indonesian market as OJK has laid out guidelines to establish and operate. OJK also tests the operational reliability of the platforms for fraud susceptibility and platform failures due to technology. Investree, Modalku, and Koinworks were the one of the first companies to gain OJK license and operate in Indonesia. Platforms compete with each other on parameters such as total loans disbursed, loans outstanding, Non-performing loans, and borrower and lenders registered on their platforms.
Indonesia Peer-to-Peer Lending Market Future Outlook and Projections
It is further estimated that the Indonesia Peer-to-Peer lending market in terms of total loans disbursed will register a high CAGR growth for the period 2019-2024. The market is forecasted to grow owing to increased mobile phone and internet penetration to remote areas, increased financial and digital literacy, increase in e-commerce activity leading to more vendors opting for working capital loans, an influx of more operating platforms and greater partnerships of platforms with institutional investors such as banks and financial institutions.
Key Segments Covered:-
By Location of Loan Disbursed
Inside Java
Outside Java
Key Target Audience
Existing Peer-to-Peer Lending Platforms
New Market Entrants- Domestic Platforms
New Market Entrants- International Platforms
Banks and Financial Institutions
Government Bodies
Investors & Venture Capital Firms
Third Party Technology Providers
MSMEs and E-commerce Sellers
Time Period Captured in the Report:-
Historical Period: 2016 -2018
Forecast Period: 2019-2024
Companies Covered:-
Investree
Modalku
Koinworks
Danamas
Mekar
Crowde
Crowdo
Akseleran
Aktivaku
Amartha
Key Topics Covered in the Report:-
Indonesia Peer-to-Peer Lending Market Value Chain Analysis
Indonesia Peer-to-Peer Lending Market Overview
Indonesia Peer-to-Peer Lending Market Ecosystem  
Indonesia Peer-to-Peer Lending Market Future and Projections
Regulatory Framework in Indonesia Peer-to-Peer Lending Market
Issues and Challenges in Indonesia Peer-to-Peer Lending Market
Competitive Landscape in Indonesia Peer-to-Peer Lending Market
Analyst Recommendations
Case Study for Successful P2P Lending Startup
Case Study for Failure P2P Lending Startup in Indonesia
To Know More, Click On The Link Below:-
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