45 – CRI Report

Corporate Wellness Market in India 2020

admin — Sat, 12 Sep 2020 05:25:44 +0000

Market insights:
The corporate wellness market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~5.75 % during the 2020-2025 period to reach a value of INR 21.53 Bn by 2025 from INR 14.59 Bn in 2019. Corporate wellness programs have gained much popularity owing to the surge in the number of lifestyle related diseases. The lack of proper diet, exercise and rest, and growing mental and physical stress also provide impetus to such programs.
Impact of COVID-19:
The COVID-19 pandemic has led to an unprecedented economic turmoil all over the world. India’s corporate wellness market is not expected to be resilient to its impact. Organizational management has undergone a drastic change in the wake of the pandemic. With organizations increasingly adopting the remote work structure, most corporate wellness market players have stepped up their game by providing better and more impactful wellness solutions to handle the COVID situation.
Several companies, which were previously at the crossroads about incorporating corporate wellness programs, have taken the big leap. Organizations are focusing more on employees’ well-being and trying to protect human resources. Overall, the corporate wellness market is on a definite growth curve amid the pandemic.
Market influencers:
Corporate wellness programs have gained momentum in recent times due to the growing culture of prioritizing healthcare and the general wellbeing. Companies have learned that it is essential to invest in human resources for better productivity and work engagement in the workplace the hard way. Further, corporate wellness programs aid in reducing healthcare costs.
Artificial intelligence (AI) and data analytics are being widely adopted by organizations across the country to enhance their employee wellness solutions. The corporate wellness industry is moving towards digitization, coming up with programs that incorporate technological features such as a wearable device or a mobile app for enhanced employee engagement. Moreover, improved awareness regarding mental health has forced organizations to focus on destigmatizing mental health topics among employees.
Competitive landscape:
The corporate wellness market in India is led by a balanced mix of established players, including mid-level, emerging, and small ones. These players provide a complete range of services and solutions to their vast customer base present across the country. Companies like Apollo Life Care Pvt. Ltd., BetterLYF Wellness Pvt. Ltd. and Workplace Options Pvt. Ltd. are the key market players.

Companies covered:
• Apollo Life Care Pvt. Ltd.
• Bargain Technologies Pvt. Ltd.
• BetterLYF Wellness Pvt. Ltd.
• Classhop technologies India Pvt. Ltd.
• HealthifyMe Wellness Pvt. Ltd.
• Meta Wellness Pvt. Ltd.
• Stepathlon Lifestyle Pvt. Ltd.
• TFL Continuous Learning Pvt. Ltd.
• Truworth Health Technologies Pvt. Ltd
• Workplace Options Pvt. Ltd.

The post Corporate Wellness Market in India 2020 first appeared on CRI Report.

Home Testing Kits Market in India 2020

admin — Sat, 12 Sep 2020 05:25:39 +0000

With the growing population and changing lifestyle of Indians, the market for home used testing kits in the country has gained momentum over the past few years. Home testing kits that are most popularly used in India include at-home pregnancy test kits, home testing kits for fertility prediction, at-home HIV test kits, at-home blood pressure monitoring devices, glucometer and thermometer. Europe, North America and the Asia-pacific region together account for more than three-fourth of the global home testing kits market. China, India and Japan contribute significantly to the market revenue in the Asia-pacific region.

Market insights:

As of 2019, India accounted for about 7% of the overall revenue generated by the global home testing kits market. The home testing kits market in India was valued at INR 9.05 Bn in 2019. Further, the market is anticipated to expand at a compound annual growth rate (CAGR) of ~9.88% during the 2020-2025 period, to reach a value of INR 15.57 Bn by 2025. Rising prevalence of chronic ailments like hypertension, diabetes and cardiovascular diseases is one of the major factors propelling the growth of the market in India. Increase in disposable income, improved awareness regarding physical wellbeing among people, and easy accessibility of home testing devices in urban and semi-urban areas of the country are some of the other important factors contributing to the growth of the market. However, the lack of accuracy in test results, awareness, affordability and accessibility of these devices in rural areas is impeding the development of the industry.

COVID-19 impact analysis:
The worldwide outbreak of the COVID-19 pandemic, followed by a long-term nationwide and global lockdown to curb contagion proved difficult for the manufacturing and logistics sectors. As a result, the home testing kits market is anticipated to witness a breach in the demand and supply of testing devices. The market experienced an unexpected increase in the demand for home testing kits like infrared thermometer and glucometer on account of the lockdown following the outbreak. The sudden rise in demand of these devices significantly contributed to the market revenue in the first quarter of 2020. However, due to the unanticipated disruption in international trading and halt in the production of devices, the supply is expected drop in the post-lockdown period, leading to a fall in the market revenue. This scenario is expected to persist until the market stabilizes itself in a healthy business cycle, overcoming the effects of the pandemic and lockdown.

Competition analysis:
The home testing kits market in India is highly competitive, owing to the presence of numerous players in the market. The market is not only dominated by its existing established players like Morepen Laboratories and Mankind Pharma (Prega News) but also by a number of prominent start-ups including OMRON Healthcare India, Bright Healthcare Limited (HealthSense) and Roche Diabetes Care India (Accu-Chek). New market entrants like Bione Ventures Private Limited and CPC Diagnostics Private Limited intend to establish their roots in the market with their latest venture into the COVID-19 home screening kits.

Companies covered
• Morepen Laboratories Limited
• Nectar Lifesciences Limited
• Mankind Pharma Limited
• Advacare Pharma LLP
• Swiss Precision Diagnostics GmbH
• Bright Healthcare Limited
• Nureca Private Limited
• OMRON Healthcare India Private Limited
• Roche Diabetes Care India Private Limited

The post Home Testing Kits Market in India 2020 first appeared on CRI Report.

Latin America Connected Retail Solutions Market (2018-2023)

admin — Sat, 12 Sep 2020 05:17:05 +0000

The Latin America connected retail solutions market is expected to expand at a CAGR of 19.8% during the 2018-2023 period, owing to the rapid adoption of the Internet of Things (IoT), and shift towards omnichannel retailing.
Based on application segment insights:
The growing popularity of LATAM as a supply chain partner is driven by the region’s close proximity to North America, which has liberal trade policies and attractive labor costs. Businesses in Latin America are adopting leading-edge supply chain practices for collaboration with different global partners to compete in the international markets. This will drive profitability of the market. The supply chain management (SCM) segment will drive a high CAGR (32.7%) during the forecast period. Close on its heels will be the Business Analytics/Business Intelligence segment, anticipated to expand at a CAGR of 17.8%.
Based on country insights:
In 2018, Brazil represented the largest market share, accounting for 51% of Latin America’s connected retail solutions market revenue. Increasing penetration of Internet subscribers in Brazil is further strengthening the potential of connected retail solutions. Brazil is also the first country in the region to use digital wallets. However, Mexico is anticipated to expand at the highest CAGR during the forecast period owing to its leadership position in mobile retailing.
Companies covered:
• Verizon Communications
• Microsoft
• IBM
• Intel
• Cisco Systems

The post Latin America Connected Retail Solutions Market (2018-2023) first appeared on CRI Report.

Soap Market in India 2017

admin — Mon, 20 Aug 2018 08:23:28 +0000

According to Netscribes, the market for soaps in India will grow at a CAGR of 5.5% during the period of FY 2016 to FY 2022. Soap is a product that has the highest market penetration in India, covering more than 80% of the country’s urban as well as rural households.

During FY 2016, beauty soap segment had the largest share with 50%, followed by health soap segment with 28.6%. UAE, Nepal and USA are the top three countries that imported Indian soaps.

Soap Market in India – Key Growth Factors
Increasing purchasing power and premiumisation of soaps has created a growing need for premium, feature-rich products, such as herbal soaps. The Indian government’s Swachh Bharat mission has further boosted growth in the soap market.

Soap Market in India – Threats and Key Players
Demonetization in November 2016 had a negative impact on the soap market. Due to lack of currency notes being circulated, many soap manufacturers in India had to reduce their production by nearly 20%. However, the implementation of GST is expected to bring some relief through lowered duty.

Presence of chemicals and other toxic elements in soaps can damage skin texture or trigger allergies, in some people, which can hamper the growth of the market.

Some of the best-selling soap brands include Santoor, Lux, Godrej no.1, Cinthol, and Lifebuoy. Despite the challenges in the industry, the market is expected to exhibit strong growth and more companies are expected to foray into the soap segment.

What’s covered in the report?
Overview of the soap market, and historical and forecasted market size data over FY 2015 to FY 2022
Trade analysis of soaps in India
Qualitative analysis of the major drivers and challenges affecting the soap market
Analysis of the competitive landscape and profiles of major public and private players operating in the market
Key recent developments in the Indian Soap Market

Why buy?
Get a broad understanding of the soap market in India, the dynamics of the market and the current state of the industry
Devise market-entry strategies by understanding the factors driving the growth of the market
Recognize major competitors’ business and market dynamics, and respond accordingly
Slide 1: Executive Summary

Socioeconomic Indicators
Slide 2: Total Population (2010-2011 – 2019-2020), Population Density (2010-2011 – 2019-2020)
Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 – 2019-2020)
Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020)
Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011)
Slide 6: GDP at Market Prices (2010-2014), FDI (2010-2014), Inflation Rate (2010-2014), Unemployment Rate (2010-2014)
Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2015)

Market Overview
Slide 8: Market Definition & Structure
Slide 9: Soap Market in India – Market Overview, Size and Growth (FY 2015 – FY 2022e)
Slide 10: Market Segmentation – Product-Wise Segmentation (FY 2013, FY 2014 and FY 2015)
Slide 11: Market Segmentation – Category-Wise Segmentation (FY 2014 and FY 2016)
Slide 12: Porter’s Five Forces Analysis

Trade Analysis
Slide 13: Export of Soap and Organic Surface Active Products etc. for Toilet Use (Including Medicated Products) – Size (Value-Wise; FY 2013 – FY 2017 (Apr-Feb)) and (Volume-wise; FY 2013 – FY 2017 (Apr-Feb))
Slide 14: Export of Soap and Organic Surface Active Products etc. for Toilet Use (Including Medicated Products) – Country-Wise Segmentation (Value-Wise; FY 2016 and FY 2017 (Apr-Feb)) and (Volume-Wise; FY 2016 and FY 2017 (Apr-Feb))
Slide 15: Import of Soap and Organic Surface Active Products etc. for Toilet Use (Including Medicated Products) – Size (Value-Wise; FY 2013 – FY 2017 (Apr-Feb)) and (Volume-wise; FY 2013 – FY 2017 (Apr-Feb))
Slide 16: Import of Soap and Organic Surface Active Products etc. for Toilet Use (Including Medicated Products) – Country-Wise Segmentation (Value-Wise; FY 2016 and FY 2017(Apr-Feb)) and (Volume-Wise; FY 2016 and FY 2017 (Apr-Feb))

Market Influencers
Slide 17-18: Market Drivers
Slide 19: Market Challenges

Competitive Landscape
Slide 20: List of Major Players
Slide 21-43: Profiles of Major Players

Recent Developments
Slide 44: Key Recent Developments

Appendix
Slide 45: Research Methodology

The post Soap Market in India 2017 first appeared on CRI Report.