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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
- D.Vijay Pharma
- Dr. Reddy’s Laboratories Ltd
- Divis Laboratories
- Feron Healthcare
- Gaia Pharmaceutical Trade
- Glenmark Pharmaceuticals
- GNova Biotech
- Ikris Pharma
- IMS Medi
- Meher Distributors Pvt. Ltd.
- Merck & Co., Inc.
- Novartis AG
- 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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Global Methane Hub Announces the Enteric Fermentation Research & Development Accelerator, a $200M Agricultural Methane Mitigation Funding Initiative
The Largest-Ever Globally Coordinated Funding Investment in Livestock Methane Mitigation Research Announced at the COP28 Business & Philanthropy Climate Forum
The public, private and philanthropic partnership includes Bezos Earth Fund, Quadrature Climate Fund, Gerstner Philanthropies, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, Danone and more
DUBAI, UAE, Dec. 2, 2023 /PRNewswire/ — Today, at COP28, the Global Methane Hub (GMH) announced a more than $200 million funding initiative between public, private and philanthropic partners including the Bezos Earth Fund, Quadrature Climate Fund, Gerstner Philanthropies, High Tide Foundation, Bill & Melinda Gates Foundation, The Zegar Family Foundation, Danone, the Governments of Ireland, New Zealand and the United States, for research and development (R&D) technologies to meaningfully address and reduce methane emissions from livestock.
The Enteric Fermentation R&D Accelerator, or Accelerator, is the largest-ever, globally coordinated investment of breakthrough research tackling livestock methane emissions. The Global Methane Hub announced the intention to establish the Accelerator at COP27 as an AIM for Climate Innovation Sprint. The Accelerator will unite funders, guided by a science oversight committee, to invest in a globally coordinated research plan. This strategy aims to address gaps in current research and enhance existing efforts. The strategy includes work on exploring new and alternate livestock feed additives, tools to breed low-methane livestock, immunological studies for a methane vaccine, understanding the organisms in the rumen and their functions, and lowering the costs of measurement, essential to generate evidence for regulatory approval and validation of mitigation technologies.
About 40% of the world’s methane emissions come from agriculture, and 70% of that is due to enteric fermentation. This process happens in cows’ digestive systems when sugars are broken down into methane and released through belching. Unfortunately, current research on enteric fermentation is not extensive or coordinated enough to provide efficient and transformative solutions to significantly benefit farmers.
This is the latest milestone to mark the impact GMH is having on global methane reduction efforts since its founding in December 2021.
“The Accelerator is a prime example of the role philanthropy can play in driving substantive climate action and strategically aligning the key players working to solve the most pressing issue of our time,” said Hayden Montgomery, Agriculture Program Director at the Global Methane Hub. “With this effort to synchronize and consolidate public-good research on enteric methane, we aim to make multiple solutions to reduce enteric methane available quickly and provide proof of the efficacy of livestock mitigation technologies.”
“We know that cattle are responsible for most agricultural methane emissions. Promising technological and scientific solutions exist, but for too long, monetary and regulatory barriers have slowed progress and prevented critical research,” said Andy Jarvis, Director of Future of Food at the Bezos Earth Fund. “The Global Methane Hub’s Enteric Methane R&D Accelerator stands to change all of this, unlocking the resources needed to discover and develop low-cost solutions that will dramatically reduce methane emissions from livestock by 2030.”
“Through the Accelerator, we are poised to make a significant impact in driving innovation towards solutions to reduce enteric methane globally,” said Richard Lawrence, director and co-founder of High Tide Foundation. “I would like to thank Danone for stepping up as the first corporation committed to the Accelerator and I encourage others to do the same.”
“As a dairy company, curbing methane emissions is the fastest and most impactful way to slow down global warming,” said Olivier Verdelet, Vice-President Agriculture Cycle at Danone. “To do so, collaboration will be instrumental as we seek for new solutions, speed and sizable impacts. We are eager to collaborate with the Global Methane Hub and other partners to accelerate and test scalable innovations in the field. We believe this will help us build a sustainable, future-fit dairy category that is at the core of our mission to bring health through food to as many people as possible.”
Agricultural methane is projected to increase 40% by 2050. We would have to reduce emissions by 50% in order to meet the accords of the Paris Agreement to keep the global temperature rise to a maximum of 1.5 degrees Celsius. Reducing methane emissions from all sectors, including agriculture, is the fastest way to mitigate climate change.
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Digital Printing for Tableware Market worth $452 million by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 1, 2023 /PRNewswire/ — The Digital Printing for Tableware market is projected to reach USD 452 million by 2029 from USD 326 million in 2024; it is expected to grow at a CAGR of 6.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. Heightened interest in sustainable printing practices, escalating needs within the foodservice sector, swift advancements in digital printing technology, and the accelerated prototyping and assessment of novel designs within the tableware industry are poised to propel the expansion of the Digital Printing for Tableware market.
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Browse in-depth TOC on “Digital Printing for Tableware Market”
140 – Tables60 – Figures240 – Pages
Digital Printing for Tableware Market Report Scope:
Market Revenue in 2024
$ 326 million
Estimated Value by 2029
$ 452 million
Poised to grow at a CAGR of 6.8%
Market Size Available for
Value (USD Million/Billion)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
By Application, Ink type and Region
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Compatibility with limited materials
Key Market Opportunities
Increasing demand from the in-plant market
Key Market Drivers
Rapid technological advancements in digital printers
This market exhibits a promising growth trajectory, buoyed by prospects like escalating demand from the in-plant market, substantial investment in digital printing-centric research and development endeavors, and the consequent decrease in per-unit printing costs facilitated by digital printers.
The Ceramic and porcelain application segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
In 2023, the Ceramic and porcelain segment held the largest market share, and this pattern is expected to persist in the forecast period. Cutting edge ceramic digital printing technology for the tableware industry is expected to revolutionize the tableware industry during the forecast period. While digital printing for porcelain tableware combines precision and versatility allowing intricate designs to enable growth of the market. Digital printing for ceramic and porcelain tableware products involves the use of advanced printing technology to apply intricate and high-quality designs directly onto ceramic and porcelain surfaces. This modern printing method has become increasingly popular in the tableware industry due to its ability to offer customization, detailed graphics, and efficient production processes.
The UV Ink segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
The use of UV ink in digital printing for the tableware industry is driven by its unique properties and advantages that cater to the specific requirements of decorating and customizing various tableware items, such as ceramics and porcelain. It offers rapid curing, color vibrancy, versatility in design, customization capabilities, durability, efficiency in production, and reduction in waste. Because of such advantages over other inks like ceramic ink, and solvent based ink, the UV ink type is expected to hold the largest market share.
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The North American region is expected to hold the largest market share during the forecast period.
During the forecast period, North America region is poised to experience the most significant growth in the digital printing for tableware market. The surge in consumer appetite for personalized tableware due to digital printing capabilities to deliver unique designs is expected to drive the market growth in the North American region. Also, presence of major companies such as Electronics for Imaging, Inc., Inkcups Now, Boston Industrial Solutions, Inc., and INX International Ink Co., in the North American region enables research and development activities in digital printing technologies benefitting the tableware industry owing to increase in the demand for customization of tableware products across the region.
Key Players Market
SACMI (Italy), Electronics for Imaging, Inc. (US), Inkcups Now (US), Mimaki Engineering Co., ltd. (Japan), Boston Industrial Solutions, Inc. (US), PROJECTA ENGINEERING S.R.L. (Italy), Engineered Printing Solutions (US), INX International Ink Co. (US), KERAjet (Spain), and Dip-Tech Digital Printing Technologies Ltd. (Israel) are key players in the digital printing for tableware companies.
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Digital Printing Market Size, Share & Industry Growth Analysis Report by Ink (UV-cured, Aqueous, Solvent, Latex, and Dye Sublimation), Printheads (Inkjet and Laser), Substrate (Plastic Film or Foil, Release Liner, Glass, Textile, Paper, Ceramic), and Geography – Global Growth Driver and Industry Forecast to 2026
Digital Textile Printing Market by Printing Process (Roll to Roll, DTG), Ink Type (Sublimation, Pigment, Reactive, Acid), Application (Textile & Decor, Industrial, Soft Signage, Direct to Garment), and Geography – Global Forecast to 2023
Large Format Printer Market by Offering, Connectivity, Printing Material (Porous, Non-porous), Technology (Ink-based, Toner-based), Print Width, Ink Type, Application (Apparel & Textile, Signage & Advertising, Decor) and Region – Forecast to 2028
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3D Printing Market Size, Share & Industry Growth Analysis Report by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region – Global Growth Driver and Industry Forecast to 2028
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Syntax Unveils Expanded CxLink Backup Solution at AWS re:Invent 2023
Leading global solutions provider showcases new product support for Oracle cloud backup and recovery operations and achieves AWS Level 1 MSSP Competency
MONTREAL, Dec. 1, 2023 /PRNewswire/ — Syntax Systems, a leading global technology solutions and services provider for cloud application implementation and management, announced Syntax CxLink Backup solution for Oracle databases at AWS re:Invent 2023. This is a strategic enhancement to its suite of solutions that now supports the Oracle Recovery Manager (RMAN). CxLink Backup addresses a critical need for enterprise customers running Oracle databases, including SAP customers, as Oracle Database underpins more than 60% of SAP ERP Central Component customer implementations and RMAN integration options are limited.
Enterprise teams managing multiple clouds and stores of data, each with their own routine for proper storage, now have access to a cutting-edge tool to simplify backup and recovery processes as well as disaster recovery strategies. With CxLink Backup, customers now have access to several impactful functions that Oracle Recovery Manager fulfills:
Spares users the complexity of managing backup file details because it’s a module that streamlines and automates backup and recovery.Supports various backup types like full, incremental, differential, and image copies.Enhances backup efficiency and minimizes size with features like compression, parallel processing, and multisection.Ensures data security and reliability through validation, encryption, and cataloging of backups, as well as the ability to rectify corruption or errors.Offers flexible data restoration, including options like flashback, point-in-time recovery, and incomplete recovery, which allows recovery to any specific moment.”In today’s fast-paced digital world, backups are critical for enterprise applications,” said Ricardo Casanovas Ortega, VP of Product Innovation at Syntax. “Many enterprise teams are managing these processes from disparate sources and tools. Our latest features for CxLink Backup, unify and automate recovery processes, giving users a powerful tool that enhances reliability while minimizing complexity.”
In addition to revealing new capabilities in its CxLink solution, Syntax also announced its achievement of the Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency and renewed its status in the AWS Managed Service Provider (MSP) Partner Program. These designations recognize and validate leading AWS Partner Network (APN) members that provide full lifecycle solutions to customers and who have met AWS’s requirements for a baseline of managed security services to protect and monitor essential AWS resources 24/7, known as Level 1 Managed Security Services.
“Syntax is very proud to now be part of the elite AWS Partners who have achieved the AWS Level 1 MSSP Competency,” said Christian Primeau, Global CEO of Syntax. “Our strategy is 3-pronged: operate-to-protect, monitor-to-respond and built-to-recover. We are focused on ensuring the integrity of applications running on AWS and the data they store and process. Achieving this AWS Competency designation is recognition of the work the Syntax team delivers and our growing relationship with AWS, which adds value across our entire portfolio.”
The Syntax portfolio offers a wide range of AWS solutions as an AWS Premier Tier Services Partner. Syntax previously achieved the AWS SAP Competency, AWS Oracle Competency, and AWS Migration Competency, and AWS MSP Partner designations and is a member of the AWS Well-Architected Partner Program.
About Syntax Syntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses’ mission-critical applications in the cloud. With 50 years of experience and 800+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, JD Edwards, AWS, Microsoft, and other global technology leaders to ensure customers’ applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at www.syntax.com.
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