Artificial Intelligence
India Specialty Drug Distribution Market to Reach Valuation of US$ 5,997.7 Million by 2031 | Astute Analytica
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New Delhi, Feb. 01, 2023 (GLOBE NEWSWIRE) — The specialty drug distribution market in India is an evolving landscape, with a focus on providing quality and affordable healthcare to the country’s growing population. The market is dominated by a few large multinational corporations, but there are also local players who have made a mark. The Indian government has implemented several measures to drive growth in the specialty drug sector, including introducing regulations to improve access to essential medicines and investing in research and development initiatives.
Despite the many opportunities for growth, the market faces several challenges, such as limited infrastructure, weak distribution networks, and a lack of access to financing for small and medium-sized enterprises. However, the increasing demand for innovative and high-quality drugs, coupled with a growing middle class with increasing disposable income, is expected to drive continued growth in the India specialty drug distribution market in the coming years.
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India Specialty Drug Distribution Market is Highly Competitive but Full of Opportunities
As per Astute Analytica’s findings, top 10 players including Ikris Pharma, D.Vijay Pharma, Meher Distributors Pvt. Ltd, Aark Pharmaceuticals, Arlak Biotech, Feron Healthcare, Gaia Pharmaceutical Trade, GNova Biotech, Jay-Pharma, and Pax Healthcare held over 22% share of the India specialty drug distribution market in 2022 and they are likely to continue holding the same position in the years to come. The trend of increasing market concentration among the top players is expected to continue, as these companies invest in their supply chain infrastructure and expand into new markets. Additionally, the proliferation of e-commerce has enabled these large players to reach more customers, creating a lucrative opportunity for them to increase their market share.
India’s specialty drug distribution market is experiencing an unprecedented surge in demand, driven by the country’s rapidly expanding population and its expanding healthcare system. As a result, the competition for market share has increased, with new players entering the market, including large multinationals, such as Abbott and Hospira, as well as indigenous companies, such as Mankind Pharma and Lupin. The main drivers of growth include rising incomes, increasing access to healthcare, and the proliferation of e-commerce. A key challenge for distributors is managing the complexity of the Indian distribution landscape, which is highly fragmented and characterized by multiple regulatory requirements, diversified customer profiles, and an array of product portfolios.
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Full Line Wholesalers are Generating Highest Revenue in India Specialty Drug Distribution Market
Recent analysis of the Indian specialty drug distribution market reveals that full line wholesalers are generating the highest revenue within the sector. The Indian pharmaceutical market is one of the fastest growing markets globally, growing at a rate of 10% per annum. This impressive growth is largely driven by generic drug makers, with two generics companies – Aspen of South Africa and Dr. Reddy’s of India – seeing double-digit growth.
Specialty drug distributors are continuing to expand their operations in India, with a focus on providing high-quality products and services to their customers. To do this effectively, they must remain ahead of the competition by capitalizing on emerging trends and leveraging technology advancements. This includes providing sophisticated digital systems that can monitor inventory levels, track orders, and ensure customer satisfaction. Additionally, it also involves engaging in collaborations with other players in the specialty drug distribution market, such as generics companies, to gain access to a larger number of products. Finally, it also requires working with healthcare providers to ensure that specialty drugs meet the needs of patients.
It is clear that full line wholesalers are currently the most successful in terms of revenue generation in the Indian specialty drug distribution industry. This is likely due to the fact that they have access to the largest drug makers and are able to distribute their drugs to a wide range of customers. They also have the resources and expertise to ensure that their customers receive the best quality service and products. As such, it is likely that full line wholesalers will continue to dominate the Indian specialty drug distribution industry in the near future.
Top Trends in India Specialty Drug Distribution Market
The specialty drug distribution industry in India is expected to grow significantly over the next few years. Here are the top five trends shaping this industry:
- Increased Focus on R&D and Innovation: Indian pharmaceutical companies are increasingly focusing on research and development (R&D) and innovation to create new drugs that can address unmet medical needs in areas such as cardiovascular, oncology, neuroscience, diabetes, and obesity. This is expected to drive the growth of specialty drug distribution in India.
- Automation and Artificial Intelligence (AI): Automation and artificial intelligence (AI) technologies are expected to become increasingly important in the specialty drug distribution industry. Companies will use AI to develop more efficient procedures for distribution, reduce costs, and ensure compliance with regulatory guidelines. AI can also be used to provide personalized services to customers, such as personalized recommendations for drugs based on their medical needs.
- Surge in Generic Drug Exports: The ongoing rollout of Covid-19 vaccinations, a rebound in non-Covid related medical treatments, and a surge in generic drug exports have all contributed to an overall positive outlook for the Indian pharmaceutical industry. This is expected to lead to increased demand for specialty drugs, which will drive the growth of the specialty drug distribution market.
- Expansion of Pharmaceutical and Healthcare Industry: The Indian pharmaceutical and healthcare industry has grown exponentially in recent years, and this growth is expected to continue in 2022 and 2023. This will lead to a larger demand for specialty drugs, which will drive the growth of the specialty drug distribution industry.
- Increasing Investment in Digital Technologies: Digital technologies such as natural language processing (NLP), machine learning, and automation are becoming increasingly important for both pharmaceutical companies and distributors. These technologies can be used to improve efficiency and accuracy of drug distribution, and provide personalized services as well. As such, investments in these technologies are expected to increase in 2022 and 2023, which will drive the growth of the specialty drug distribution industry.
Prominent Players in India Specialty Drug Distribution Market:
- Aark Pharmaceuticals
- Astellas Pharma India Pvt. Ltd.
- Aurobindo Pharmaceuticals
- Arlak Biotech
- Bharat Serums and Vaccines Limited
- Biotic Healthcare
- Cipla
- D.Vijay Pharma
- Dr. Reddy’s Laboratories Ltd
- Divis Laboratories
- Feron Healthcare
- Gaia Pharmaceutical Trade
- Glenmark Pharmaceuticals
- GNova Biotech
- Ikris Pharma
- IMS Medi
- Jay-Pharma
- Lupin
- Meher Distributors Pvt. Ltd.
- Merck & Co., Inc.
- Novartis AG
- Novacare
- Pax Healthcare
- Prime Health
- Sanify Healthcare
- Serum Institute of India Pvt. Ltd.
- Sun Pharmaceutical Industries Ltd.
- Servocare Lifesciences
- Shubham Pharmaceutical
- Swisschem Healthcare
- Torrent Pharmaceuticals
- Vardhman Health Specialities Pvt. Ltd.
- Zydus Lifesciences Limited
- Intas Pharmaceuticals Ltd.
- 3S Corporation
- Other Prominent Players
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About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
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Artificial Intelligence
Aon and Marsh McLennan call on (re)insurance industry to aid Ukraine’s resilience
– The firms emphasized that the removal of blanket exclusions would catalyze Ukraine’s growth and future reconstruction
MONTE CARLO, Sept. 8, 2024 /PRNewswire/ — Aon and Marsh McLennan today called on the (re)insurance industry to build upon the capital, expertise and historical role of the (re)insurance industry to help Ukraine’s resilience by catalyzing economic growth and strengthening the country’s foundations for a post-conflict economy. The firms emphasized that the removal of blanket exclusions, which ignore the diversity of risk throughout the country, would further support for Ukraine’s economy.
Additionally, since the start of the war, many global reinsurers have grouped risks originating in Ukraine, Russia, and Belarus together, excluding them from reinsurance contracts, limiting (re)insurance capital and impeding economic growth and stability. The inclusion of Ukraine with Russia and Belarus is not rooted in the data and analytics that drive the assessment of risk and overlooks that Ukraine, while under siege, seeks to further align as a free and democratic economy and member of the European Union.
“Marsh McLennan is dedicated in our support of Ukraine – helping it attract global investment to rebuild the country, and recover from the devastating impact of war on its people and economy,” said John Doyle, president and CEO of Marsh McLennan. “We call on the global insurance community to join us in this effort and end blanket exclusions for Ukraine.”
“Aon’s support of Ukraine leads us to look forward to its economic recovery,” said Greg Case, CEO of Aon. “Insurance capital is essential for the reconstruction of Ukraine’s health care, energy and agricultural sectors. We’re asking the insurance industry to look closely at Ukraine’s risks and work to strengthen the public private partnerships under development.”
Marsh McLennan and Aon each are already working with the Ukraine, U.S. and UK governments, along with many other international organizations, to support Ukraine’s economy as it endures ongoing attacks and accelerate investment in the country’s eventual economic recovery.
In March, Marsh McLennan announced the expansion of its public-private partnership with the Ukraine government to cover all shipping to and from Ukraine’s ports. This follows Marsh McLennan’s support in helping the Ukraine Government develop its war risk data platform which provides investors and (re)insurers with granular transparent data on the impact of the conflict to date and degree of war risk.
In June, Aon worked with the U.S. International Development Finance Corporation to create a first-of-its-kind insurance program to support war risk policies for businesses operating in Ukraine. The availability of insurance for war risk, especially across health care and agriculture, will stimulate economic expansion and employment, while strengthening the foundation of Ukraine’s economy to support a robust reconstruction.
The firms assert that arbitrary exclusions for Ukraine contribute to confusion about the vastly different levels of risk in the country. As a result, there are potential issues with how (re)insurers underwrite risks between regions directly impacted by the war and many areas of central and western Ukraine which have suffered little to no war damage. The use of data and analytics can enable more impactful insights into where insurance capital can contribute to Ukraine’s reconstruction and further economic growth.
About AonAon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
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About Marsh McLennanMarsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.
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Artificial Intelligence
HONOR Redefines Mobile AI Solutions with PC powered by Snapdragon, on-device AI Agent and AI Deepfake Detection at IFA 2024
HONOR, Qualcomm, and Microsoft Redefine Innovations in Mobile AI
BERLIN, Sept. 7, 2024 /PRNewswire/ — Today at IFA 2024, HONOR unveiled three groundbreaking mobile AI Solutions: AI PC powered by Snapdragon® X Elite platforms, AI Agent and AI Deepfake Detection. The launch was accompanied by a thought-provoking panel discussion featuring HONOR CEO George Zhao; Alex Katouzian, Group GM of MCX at Qualcomm Technologies, Inc.; and Mark Linton, VP of Device Partner Sales at Microsoft. Together, they explored the convergence of AI and Snapdragon technology, discussing how these innovations are shaping the future of mobile AI.
“When it comes to mobile computing, AI is not just a buzzword, it’s a revolution,” commented George Zhao, CEO of HONOR Device Co., Ltd. “At HONOR, we’re committed to working with our partners to deliver powerful AI capabilities and seamless connectivity, while protecting our users’ privacy. Through open collaboration with industry leaders, we’re creating devices that empower individuals and redefine what’s possible.”
“At Qualcomm Technologies, we believe the NPU is the key to unlocking the true potential of AI in PCs,” added Alex Katouzian, Group GM of MCX, Qualcomm Technologies, Inc. “The Snapdragon X Elite with its industry-leading NPU performance empowers AI PCs like the HONOR MagicBook Art 14 to deliver next-generation AI experiences. Not only will users see a significant boost in capabilities, but the NPU’s efficiency also translates to longer battery life, allowing users to stay productive for extended periods.”
HONOR MagicBook Art 14 Snapdragon: Redefining PC in the Mobile AI EraThe PC landscape is undergoing a radical transformation, driven by advancements in AI and the rise of Snapdragon platforms. Fueled by HONOR’s platform-level AI capabilities and developed in collaboration with top industry leaders, HONOR MagicBook Art 14 Snapdragon heralds a new era of computing.
Featuring a sleek and compact design, the HONOR MagicBook Art 14 Snapdragon is a marvel of lightweight engineering. It incorporates cutting-edge platform-level AI features alongside robust hardware and software solutions, ensuring unmatched productivity and user experience. It translates the lightweight and slim characteristics of smartphones to laptops, delivering the lightest and slimmest AI PC on the market, weighing approximately 1kg with a slimness of 1cm. Delivering an immersive visual journey, the HONOR MagicBook Art 14 Snapdragon features a captivating 14.6-inch HONOR FullView Touch Display boasting a crystal-clear 3.1K resolution. It also includes an outstanding 97% screen-to-body ratio, the largest among 14-inch laptops. The HONOR MagicBook Art 14 Snapdragon is powered by the Qualcomm Snapdragon X Elite, elevating the computing experience to new heights in terms of power, efficiency, and security.
The HONOR MagicBook Art 14 Snapdragon also enables a smooth transition of Windows applications on X86 to the Windows on Snapdragon architecture. Based on years of research on the ecosystem, HONOR created a Hotspot Library that uses platform-level AI to identify frequently used scenarios and trigger translation optimization efficiently. HONOR has improved 16% of the average boot-up time1 with translation optimization across a diverse array of Windows applications. Currently, HONOR has optimized a total of the Top 14 applications across six major categories, including browsers, online meetings, media, office, social software and tools.
The HONOR MagicBook Art 14 Snapdragon will be soon available in German, France and Italy. For preorder, please visit HONOR online store now at www.honor.com.
Seamless AI Experiences Elevated by the Power of MagicRingIn the mobile AI era, seamless cross-OS connectivity will truly empower users to unlock AI everywhere. Unlike the manual point-to-point connections in traditional solutions, the HONOR MagicRing allows multiple devices of the same account to automatically connect with low power consumption.
The MagicRing not only connects devices but also connects services across the devices. The solution also enables users to use the same set of keyboard and mouse for multiple devices, receive calls and notifications on a device other than their smartphones, and control the smartphone’s camera on the PC. With the secure and smooth flow of services and information across devices, MagicRing makes multi-device AI experience easier. For example, as one of the typical scenarios of Windows on Snapdragon experience, Cocreator allows users to produce fantastic artwork with simple draws. Powered by MagicRing, users can seamlessly access Cocreator on their HONOR MagicPad 2, drawing AI masterpieces with their Magic-Pencil. In the Meanwhile, they can also use AI Eraser from HONOR Magic V3 on the HONOR MagicBook Art 14 Snapdragon to experience unparalleled levels of convenient mobile AI.
HONOR AI Agent: The First On-device AI Agent for the Open Ecosystem The HONOR AI Agent is a revolutionary always-on personal assistant designed to enhance and simplify users’ daily lives. By intuitively understanding users’ requests and intentions through language analysis and UI awareness technology, the AI Agent that learns from their habits and device environment can intelligently make decisions across various apps and services. This capability allows it to automate complex tasks. HONOR demonstrated how to find and cancel unwanted app subscriptions across different apps with just a few simple voice commands on their smartphones.
As we look to the future, the HONOR AI Agent is poised to become the cornerstone of mobile AI, and it is anticipated to arrive with the HONOR Magic7 Series later this year in China. This innovation not only signifies a leap in technology but also heralds a new era where AI seamlessly integrates into our daily routines, enhancing everyday productivity and efficiency.
The World’s First On-device AI Deepfake Detection TechnologyAs the technology behind deepfakes becomes more sophisticated, the potential for misuse, including identity theft and the spread of disinformation, grows significantly. HONOR’s on-device AI Deepfake Detection represents a groundbreaking solution designed to protect users from the increasingly prevalent threat of deepfakes. This innovative detection system employs advanced algorithms to meticulously analyze various elements, including pixel-level synthetic imperfections, border compositing artifacts, inter-frame continuity, consistency in face-to-ear hairstyle, and the positioning of synthetic traces. By examining these characteristics, the technology can accurately identify manipulated content, distinguishing between genuine media and deceptive alterations.
About HONOR HONOR is a leading global provider of smart devices. It is dedicated to becoming a global iconic technology brand and creating a new intelligent world for everyone through its powerful products and services. With an unwavering focus on R&D, it is committed to developing technology that empowers people around the globe to go beyond, giving them the freedom to achieve and do more. Offering a range of high-quality smartphones, tablets, laptops and wearables to suit every budget, HONOR’s portfolio of innovative, premium and reliable products enable people to become a better version of themselves.
For more information, please visit HONOR online at www.honor.com or email [email protected]
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1Data comes from HONOR labs.
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Artificial Intelligence
TECNO Pocket Go Wins Global Product Technology Innovation Award 2024 at IFA 2024
BERLIN, Sept. 7, 2024 /PRNewswire/ — One of the largest consumer electronics exhibitions in the world, the 2024 IFA Berlin International Consumer Electronics Show, officially kicks off today in Berlin. During the event, the highly anticipated Global Product Technical Innovation Award 2024 was announced, with TECNO Pocket Go winning the prestigious AR Immersive PC Gaming Experience Innovation Gold Award. This recognition highlights the brilliance of Chinese brand on the global stage.
TECNO is dedicated to innovation from the user’s perspective, continuously developing products and applications that enhance user experience. Since 2019, TECNO has expanded its AIoT ecosystem, leveraging its mobile technology to introduce innovative smart wearables, business laptops, and other groundbreaking products, all aimed at providing users with a more intelligent TECNO ecosystem experience.
As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies. TECNO offers a wide range of AIoT products covering smart wearables, laptops, tablets and smart home products.
Guided by its brand essence of “Stop At Nothing”, TECNO is committed to unlocking the best and newest technologies for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures.
The “Global Product Technology Innovation Award” is a grand international selection of global consumer electronics brands. Launched globally every year, it is also one of the most professional and authoritative international exchange, display and cooperation platforms in IFA in the same year to conduct comprehensive review and evaluation of the global consumer electronics industry for the whole year.
TECNO Pocket Go, redefines gaming on the go
TECNO Pocket Go creates a “new gaming paradise” in handheld PC form in AR industry. By seamlessly integrating with the Windows gaming ecosystem and utilizing advanced head tracking technology, it brings an unparalleled 6D immersive experience to users. Featuring a top-tier AMD® Ryzen™ 7 8840HS gaming processor and a laptop level cooling system by rebuilt the structure to compact size with 50% smaller size and 30% lighter weight. Just easy to carry as a smartphone.
Smaller in your palm, Master in your vision
The AR Pocket Vision features a 0.71-inch Micro-OLED screen that delivers the equivalent of a 215-inch TV experience from 6 meters away, surpassing industry standards. Gamers will enjoy a cinematic-level viewing experience, with customizable adjustments for up to 600° diopters to ensure eye comfort. It also safeguards your privacy, enabling you to play anywhere.
Dominant Flagship Gaming CPU, lead Performance Ahead
Powered by the AMD® Ryzen™ 7 8840HS gaming processor, the Pocket Go handheld offers exceptional speed and seamless multitasking with 8 cores, 16 threads, and turbo speeds up to 5.1 GHz. Its PC-level cooling system, featuring a large fan and three copper pipes, ensures optimal performance at 35W. Combined with a 50Wh replaceable battery, it guarantees long-lasting gaming sessions without interruptions.
“VisionTrack” experiences, games come alive
The Pocket Go combo delivers an immersive experience for your eyes and hands. The AR Pocket Vision features a six-axis gyroscope and AI algorithms for precise head tracking, enhancing real-time data collection during gameplay. With N’BASS® acoustic materials and a proprietary vibration algorithm, it translates in-game sounds into nuanced vibrations via handheld while the Hall Effect Joysticks and Triggers provide precise control, elevating your gaming experience with rich visual and tactile sensations.
With TECNO Pocket Go, users can enjoy a futuristic gaming experience, and seamlessly connecting to TECNO’s products in a new forms of AR experiences.
View original content:https://www.prnewswire.co.uk/news-releases/tecno-pocket-go-wins-global-product-technology-innovation-award-2024-at-ifa-2024-302241146.html
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