Sex Toys Market to Reach Around $52.39 Billion by 2028: Grand View Research Inc.

 Sex Toys Market Growth & Trends

The global sex toys market size is expected to reach USD 52.39 billion by 2028, based on a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.04% during the forecast period. Women aging from 16 to 70 years old are indulging in the pleasure of adult toys. The stigma of using these products to replace a partner has long been broken by couples who enjoy these toys from time to time, which is expected to drive the market growth.

The impact of the COVID-19 pandemic is expected to create an economic downturn in all industries as the majority of countries are in lockdown. However, the initial impact of country-wide lockdown has exhibited a boost in sales of sex toys. Several countries such as Italy, the U.S., Australia, U.K., Canada, and France reported high demand for sex toys, from January to March 2020. These countries have also experienced increased sales, from the anticipated yearly forecast. People are advised to practice social distancing and self-isolation for self-care, which has led to an increase in the sales of sex toys such as vibrators and massagers.LELO launched a wave of Stayhome and Save deals applicable for the entire month of May 2020, wherein the company was offering up to 15% discounts on its products.

Asia Pacific is expected to be the fastest-growing market during the forecast period. China and Australia are the leading revenue generators in the market. The stigma surrounding sex is reducing among millennials and Gen-Z, who are more open to exploring new things to enhance their sexual experience.In March 2019, Reckitt Benckiser launched its direct-to-consumer e-commerce platform to sell its premium products in India.

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Sex Toys Market Report Highlights

• The female sex toys segment held the largest market share in 2020 and is expected to expand at the second-highest CAGR during the forecast period. Single women are among the leading contributors to the market growth
• Manufacturers are trying to reach a larger market via e-commerce sites. In developing countries where adult stores are not easily accessible, online retailers are meeting customer demand by offering a different range of products via discrete delivery and an added advantage of discounted rates
• North America held the largest market share in 2020, owing to the presence of numerous retailers providing easy access to products. In the U.S. and Canada, sociodemographic factors also play a role in the type of toy being preferred and its frequency of use
• With increasing disposable income in developing countries, consumers are opting for innovative products such as exquisite vibrators, BDSM gear, and anal toys. This increases opportunities for market players to capitalize on the growing demand for more high-end innovative products
• Emerging players backed by technological advancements are developing products that offer a more realistic experience. Brand leaders such as Doc Johnson, LELO, FleshLight, and LoveHoney have a global presence with a strong product portfolio.In July 2019, LifeStyles Healthcare announced the launch of three new intimate accessories under its SKYN brand-SKYN Thrill, SKYN Vibes, and SKYN Shiver

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Sex Toys Market Segmentation

Grand View Research has segmented the global sex toys market based on type, distribution channel, and region:

Sex Toys Type Outlook (Revenue, USD Million, 2016 - 2028)

• Female
• Male

Sex Toys Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• E-commerce
• Specialty Stores
• Mass Merchandizers

Sex Toys Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Australia
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa

List of Key Players of the Sex Toys Market

• Church & Dwight Co., Inc.
• Reckitt Benckiser Group plc
• LELO
• LifeStyles Healthcare Pte Ltd
• Doc Johnson Enterprises
• Lovehoney Group Ltd
• BMS Factory
• PinkCherry
• Tenga Co., Ltd.
• Fun Factory
• We-Vibe

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Veterinary Medicine Market to Reflect Impressive Expansion During 2021 to 2028: Grand View Research Inc.

 Veterinary Medicine Market Growth & Trends

The global veterinary medicine market size is expected to reach USD 50.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2021 to 2028. The companion animal segment is anticipated to demonstrate the fastest growth during the forecast period owing to the increasing prevalence of chronic diseases and rising demand for advanced treatment alternatives for canines suffering from chronic diseases.

COVID19 pandemic resulted in to regulatory changes which are anticipated to iron out the disruptions thereby increasing manufacturing and adoption of vet medicines in near future. The federal government has taken various relief measures which include new tax provisions, small business loans and unemployment insurance in order to respond to the pandemic and support the veterinarians. AVMA has also taken supportive measures to support small veterinary businesses or practices. In August 2020 USFDA stated that, 6 out of 32 animal drug companies who source their API from China could soon face shortages. Due to labor shortage, there is also reduced capacity to work on animal health activities such as vaccination, good biosecurity and prophylactic treatment. The manufacturing units are taking preventive measures for uninterrupted production of veterinary drugs.

Growing consumption of meat is fueling the demand for mandatory vaccination for animals, which results in the market growth. According to The World Counts, Denmark, the global meat production has increased 2-fold from 1988 to 2018. It also stated that meat consumption is estimated to range between 460 - 570 million tons by 2050. Such factors are expected to drive the growth of the market during the forecast period.

The market leaders are involved in strategic collaborations, regional expansion, and new product launch to sustain the competition. For instance, in Elanco acquired Bayer’s animal health division in August 2020 in an attempt to strengthen its R&D capabilities, eCommerce presence, and multiply its product portfolio. Additionally, in March 2020, Virbac signed an agreement with Pebble Labs for co-development and commercialization of products for disease prevention in aquatic animals.

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Veterinary Medicine Market Report Highlights

• The production animal segment dominated the overall revenues share as of 2020 and is projected to show a CAGR of over 7.3% from 2021 to 2028. Increasing focus on food safety and sustainability by government healthcare organizations globally is contributing to market growth
• North America held a major market share as of 2020, due to the high prevalence of zoonotic diseases in this region. Moreover, reimbursement programs across the U.S. make this continent a major contributor to the market
• Europe held the second largest market share owing to the favorable government regulations such as the EU Veterinary Medicines Regulation and high number of insured pets in the Western European countries
• The industry participants are focusing on strategic collaborations, acquisitions, investing in new product segments, mergers, and new product launches to gain a competitive edge in the market
• Some of the leading players are expected to maintain their market position during the forecast period in terms of product penetration, regional presence, revenue, as well as strategic initiatives
• The biologics segment which includes vaccines and other such products is expected to exhibit the fastest growth over the forecast period owing to the increasing awareness regarding important of vaccination in animals
• The oral mode of administration is expected to grow at the fastest growth rate owing to the increasing incidence of chronic conditions in pets
• The reference laboratories held a considerable market share of about 9% in 2020 in the market as the laboratories enable testing of various infections, toxic agents, and different ailments in specimens obtained from pets
• Asia Pacific is anticipated to witness lucrative growth of around 8.0% owing to increasing adoption of pet animals, growing health concerns about the animals, and rising prevalence of diseases in animals

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Veterinary Medicine Market Segmentation

Grand View Research has segmented the global veterinary medicine market on the basis of animal type, product, mode of delivery, end use, and region:

Veterinary Medicine Animal Type Outlook (Revenue, USD Million, 2016 - 2028)

• Production
  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish
• Companion
  • Dogs
  • Cats
  • Horses
  • Others

Veterinary Medicine Product Outlook (Revenue, USD Million, 2016 - 2028)

• Biologics
  • Vaccine
    • Live attenuated vaccines
    • DNA Vaccines
    • Recombinant Vaccines
    • Inactivated Vaccines
    • Others
  • Others
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Medicated Feed Additives

Veterinary Medicine Mode of Delivery Outlook (Revenue, USD Million, 2016 - 2028)

• Oral
• Parenteral
• Others (Topical, carrier)

Veterinary Medicine End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Reference Laboratories
• Point-of-care testing/In-house testing
• Veterinary Hospitals & Clinics
• Others

Veterinary Medicine Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Veterinary Medicine Market

• Merck Animal Health
• Ceva Sante Animale
• Vetoquinol S.A.
• Zoetis
• Boehringer Ingelheim GmbH
• Elanco
• Nutreco N.V.
• Virbac
• Kindred Biosciences, Inc.
• Biogenesis Bago
• Indian Immunologicals Ltd
• Neogen Corporation
• Hester Biosciences
• Philbro Animal Health

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smart Glass Market Trends, Demand, Production, Analysis and Forecast to 2028

 Smart Glass Market Growth & Trends

The global smart glass market size is expected to reach USD 7.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2021 to 2028. The growing demand across the transportation and architectural sectors is expected to fuel the market growth over the forecast period. Moreover, the growing trend of using smart technology in new buildings has propelled the demand for smart glass products in the architectural sector.

Modern-day glass solutions offer on-demand privacy in the form of dynamic glazing or smart glass. The technologically-advanced products can turn from clear to opaque in no time. Furthermore, smart glass can help transform the indoor experience by providing an outside view and preserving environmental sustainability. As a result, the demand for smart glass in hospitals, restaurants, and commercial buildings is soaring. Moreover, residential buildings are getting renovated to make them more energy efficient, thereby providing new business avenues for glass manufacturers.  

The liquid crystal or PDLC smart glass technology segment is expected to grow at a substantial rate over the forecast period. The growth can be attributed to the operational feasibility of the technology offering a fast response time and optical translucency. Ultra-fast switching speed, low power consumption, and low haze are other benefits promoting manufacturers and product developers to increase the usage of liquid crystal glass in windows and partition walls. High stability for heat, UV, and moisture, low driving voltage, and long lifetime are the other factors driving the demand for PDLC smart glass.

Power generation is a key emerging application of smart glass technology. Researchers from Shanghai University have discovered the ideal material for smart windows that can convert sunlight into electricity. Smart windows designed to generate electricity could reduce the buildings' air-conditioning demand, making a sizeable environmental impact. Thus, architects and urban planners are increasingly focusing on the adoption of smart glass technology in new buildings.

The global market is highly competitive, with each manufacturer striving to provide superior products by differentiating them either on the basis of quality or service. Since smart glass is significantly costlier compared to its legacy counterpart, it is vital to ensure a good value proposition to gain market share. Smart glass manufacturers are focusing on integrating voice-activated controls in their products for window tinting. SAGE Electrochromics, Inc., a subsidiary of Saint-Gobain S.A., and Kinestral Technologies, Inc. are providing Amazon echo voice-activated technology for smart glass.

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Smart Glass Market Report Highlights

• The increasing number of stringent regulations, such as the green building initiative by the European Union and the Building Energy Conservation Act, is expected to drive the market over the forecast period
• The SPD technology segment is expected to register a significant growth rate during the forecast period. This can be attributed to its high functionality and pan-industry applications
• The recent trend of having large sunroofs and panoramic roof panels in luxury cars is expected to intensify the demand for smart glass in transportation applications
• Asia Pacific is an untapped market, which provides ample opportunity for smart glass manufacturers. The regional market is anticipated to register the highest CAGR of 9.0% during the forecast period

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Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market based on technology, application, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Electrochromic
• Polymer Dispersed Liquid Crystal (PDLC)
• Suspended Particle Devices (SPD)
• Thermochromics
• Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2017 - 2028)

• Architectural
• Transportation
  • Automotive
  • Aircraft
  • Marine
• Consumer Electronics
• Power Generation

Smart Glass Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa

List of Key Players of Smart Glass Market

• AGC Inc.
• ChromoGenics
• Corning Incorporated
• Gauzy Ltd.
• Gentex Corporation
• Guardian Industries
• Kinestral Technologies, Inc.
• Nippon Sheet Glass Co., Ltd.
• PPG Industries, Inc.
• RavenWindow
• Research Frontiers Inc.
• Saint-Gobain S.A.
• Showa Denko Materials Co., Ltd.
• Smartglass International Limited
• VELUX Group
• View, Inc.
• Vision Systems

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Engineering Services Outsourcing Market Poised to Expand at a Robust Pace Over 2028

 Engineering Services Outsourcing Market Growth & Trends

The global engineering services outsourcing market size is expected to reach USD 5.50 trillion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 22.9% from 2021 to 2028. The globalization of Research and Development (R&D), easy availability of low-cost labor and skilled professionals, and increasing adoption of information technology and smart technologies in various end-use industries are some of the factors that are expected to drive the growth of the market for engineering services outsourcing (ESO) over the forecast period.

The market has been evolving continuously in line with the advances in sensing, connected computing, artificial intelligence, and the internet of things (IoT), among other technologies. The intensifying competition to provide state-of-the-art solutions is prompting service providers to invest aggressively in R&D. Key ESO players are also putting a strong emphasis on Mergers and Acquisitions (M&A) and strengthening the existing tie-ups with their clients to tap new business opportunities. For instance, in November 2020, Tata Consultancy Services Limited, global IT services, and business solutions provider based in India announced an agreement to acquire 100% of the shares of Postbank Systems AG, one of the prominent IT service providers based in Germany, from Deutsche Bank AG. Tata Consultancy Services Limited already happens to be Deutsche Bank AG’s trusted IT service partner and the acquisition would deepen the partnership further while allowing the company to strengthen its operations in Germany.

The outbreak of the COVID-19 pandemic and the subsequent lockdowns implemented in various countries across the world at the beginning of 2020 to arrest the spread of the disease had a varying impact on the ESO market depending on the end-use industry. For instance, industries and industry verticals, such as automotive, and aerospace, among others, were adversely affected owing to the temporary shutdown of industrial facilities, production units, public transportation, and logistics operations. On the contrary, the pharmaceutical and healthcare industry was relatively unaffected as healthcare companies focused on the development of advanced personal protective equipment (PPE) and testing kits, while pharmaceutical companies embarked upon the development of COVID-19 vaccines.

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Engineering Services Outsourcing Market Report Highlights

• The designing segment is anticipated to register the highest CAGR of around 25.0% over the forecast period
• The industrial segment accounted for the largest revenue share in 2020 and is anticipated to continue dominating the market over the forecast period
• The Asia Pacific ESO market is expected to account for the largest revenue share of over 40.0% in 2020 owing to the easy availability of relatively low-cost and skilled resources in countries, such as India, China, the Philippines, and other East Asian countries

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Engineering Services Outsourcing Market Segmentation

Grand View Research has segmented the global engineering services outsourcing market based on services, location, application, and region:

Engineering Services Outsourcing Services Outlook (Revenue, USD Billion, 2016 - 2028)

• Designing
• Prototyping
• System Integration
• Testing
• Others

Engineering Services Outsourcing Location Outlook (Revenue, USD Billion, 2016 - 2028)

• Onshore
• Offshore

Engineering Services Outsourcing Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Aerospace
• Automotive
• Industrial
• Consumer Electronics
• Semiconductors
• Healthcare
• Telecom
• Others

Engineering Services Outsourcing Region Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East & Africa

List of Key Players of Engineering Services Outsourcing Market

• Infosys Limited
• Tata Consultancy Services Limited
• ALTEN Group
• Altair Engineering, Inc.
• Boston Engineering Corporation
• Altran

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Self-driving Cars & Trucks Market Report by Opportunity, Demand, Major Driving Factors and Business Growth Strategies

 The global self‑driving/autonomous cars and trucks market size is anticipated to reach 4,223 thousand units by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 63.1% during the forecast period. An autonomous vehicle is a combination of various sensors and networking systems that assist computers in driving vehicles. Thus, several technology providers such as Google Inc. and Tesla Motors have also entered the market and are contributing to research and development of autonomous vehicles.

The automobile industry is dynamic and is witnessing rapid advancements in terms of technologies. Several major players in the industry, such as General Motors Company (GM), Volkswagen AG, Mercedes-Benz, and Bayerische Motoren Werke AG (BMW), invest a significant part of their revenue in research and development of technologies. Currently, there is a growing trend of autonomous vehicles, thus attracting larger investments from top players.

The autonomous cars and trucks market has been segmented on the basis of application into transportation and defense. The transportation segment has been bifurcated further into industrial and commercial applications. Transportation is expected to have a greater market share while the defense segment is expected to portray the highest growth over the forecast period.

The North America region is slated to account for the largest share in the autonomous cars and trucks market in 2020. Demand for autonomous vehicles is expected to increase over the forecast period owing to stern government regulations and rising adoption of self-driving vehicles in U.S.

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https://www.grandviewresearch.com/industry-analysis/driverless-cars-market

Further key findings from the report suggest:

• Demand for driverless cars and trucks market is expected to grow owing to rising number of regulations laid down by governments of various developed and developing nations
• Market size of the defense segment is expected to expand at the highest CAGR of 86.4% over the forecast period
• S., China, and Japan markets are expected to witness significant growth over the forecast period owing to large-scale testing activities and adoption of autonomous cars and trucks in the transportation sector
• Audi AG; BMW AG; Daimler AG (Mercedes Benz); Ford Motor Company; General Motors; Google LLC; Honda Motor Corporation; Nissan Motor Company; Tesla, Inc.; Toyota Motor Corporation; Uber Technologies, Inc.; Volvo Car Corporation; and Volkswagen AG are some of the key market incumbents.

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Grand View Research has segmented the global Self-driving/Autonomous Cars and Trucks market on the basis of application and region:

Self-driving/Autonomous Cars and Trucks Application Outlook (Volume, Thousand Units, 2020 - 2030)

• Transportation
  • Industrial
  • Commercial
• Defense

Self-driving/Autonomous Cars and Trucks Regional Outlook (Volume, Thousand Units, 2020 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Netherlands
  • Sweden
• Asia Pacific
  • China
  • Japan
  • Singapore
  • Australia
• South America
  • Brazil
• Middle East and Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

U.S. Durable Medical Equipment Market will be worth USD 84.3 Billion by 2028

 U.S. Durable Medical Equipment Market Growth & Trends

The U.S. durable medical equipment market size is expected to reach USD 84.3 billion by 2028, according to a new report published by Grand View Research, Inc. It is projected to expand at a 6.0% CAGR over the forecast period. The rising prevalence of chronic diseases with the rapidly mounting geriatric population requiring long-term care and increasing penetration of home healthcare services & staff are factors driving the demand for Durable Medical Equipment (DME).

The demand for DME is projected to witness a rise during the forecast period, as they are designed per patient acceptance and compliance which boosts its adoption. The aging population and preference for shorter hospital stays are the factors making home healthcare more common. With these trends, a significant number of medical devices such as patient monitoring systems and mobility aids are in great demand.

Furthermore, the current coronavirus pandemic has presented unusual and extraordinary challenges to the healthcare system. As the virus continues to spread, there is an increasing demand for home treatment for several health issues, including those directly or indirectly related to COVID-19. As hospital discharges become more prevalent to manage current resources, the resultant demand and production strain on DME providers especially for home oxygen and ventilator suppliers are projected to increase significantly. The ventilator circuit and other respiratory supplies are on a major supply crunch.

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U.S. Durable Medical Equipment Market Report Highlights

• Monitoring and therapeutic devices emerged as the largest segment. It accounted for the largest market share of 89.4% in 2020 owing to the high usage and ease of handling of the products
• The personal mobility devices segment is anticipated to be the fastest-growing segment over the forecast period as these offer custodial care products like door openers, wheelchairs, and scooters
• Moreover, the introduction of advanced walking aids has led to the growth of the personal mobility devices market. An increasing number of disorders, such as spinal cord injuries, osteoporosis, and rheumatoid arthritis is driving the demand for wheelchairs in the U.S.
• The growth of home healthcare as a cost-effective alternative to expensive hospital stay is expected to be a high-impact rendering driver over the forecast period
• Besides, the increase in insured population as a result of the Affordable Care Act is also supporting the market growth within North America

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U.S. Durable Medical Equipment Market Segmentation

Grand View Research has segmented the U.S. durable medical equipment market based on product:

U.S. DME Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Personal Mobility Devices
  • Wheelchairs
  • Scooters
  • Walker & Rollators
  • Canes & Crutches
  • Door Openers
  • Other Devices
• Bathroom Safety Devices & Medical Furniture
  • Commodes & Toilets
  • Mattress & Bedding Devices
• Monitoring & Therapeutic Devices
  • Blood Sugar Monitors
  • Continuous Passive Motion (CPM)
  • Infusion Pumps Market
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Other Equipment
    • Insulin Pumps
    • Ostomy Bags & Accessories
    • Wound Care Products
    • Cardiology Devices
    • Vital Signs Monitors
    • Respiratory supplies (APAP/BiPAP)
    • Urinary supplies
    • Diabetic Supplies
    • Incontinence Products
    • Orthopedic braces and support system
    • Muscle Stimulators
    • Others

List of Key Players in the U.S. Durable Medical Equipment Market

• Invacare Corporation
• Sunrise Medical
• ArjoHuntleigh
• Medline Industries, Inc.
• GF Healthcare Products, Inc.
• Carex Health Brands, Inc.
• Cardinal Health
• Drive DeVilbiss Healthcare
• NOVA Medical Products
• Kaye Products, Inc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Anti-acne Cosmetics Market to Undertake Strapping Growth By 2028

 Anti-acne Cosmetics Market Growth & Trends

The global anti-acne cosmetics market size is expected to reach USD 4.7 billion by 2028 registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. The high psychological burden associated with acne, especially among women, is expected to be the key growth-driving factor for the market. Moreover, the easy availability of various products to treat acne is anticipated to support the market growth. According to the American Academy of Dermatology, it is one of the common skin disorders in the U.S., affecting approximately 50 million individuals every year, with nearly 85% of individuals between the age group of 12 and 24 years having minor acne. Thus, a high prevalence of this skin disorder is also anticipated to fuel the product demand, thereby augmenting the market growth.

Furthermore, according to a study conducted by SkinStore, an average American woman uses nearly 16 skincare products per day and spends approximately USD 8 each day on facial cosmetics products. Such beauty regimes are also anticipated to propel market growth. According to the University of Limerick study, the negative social stigma associated with this skin disorder reduces the quality of life of individuals, increases their psychological distress, and causes physical problems, such as headaches, sleep disturbance, and gastrointestinal issues. This is also anticipated to increase the product demand over the coming years.

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Anti-acne Cosmetics Market Report Highlights

• The creams & lotions segment dominated the market in 2020 as the cream is the first line of therapy for all types of acne and it also provides skin moisturization
• The others product segment is expected to register the fastest CAGR over the forecast period due to the lightness of these products on the skin and compatibility with various skin types as compared to creams & lotions
• The women end-use segment held dominated share of the market in 2020 and is expected to grow at the fastest CAGR during the forecast period owing to a high prevalence of acne and other skin disorders
• Asia Pacific is anticipated to be the largest as well as the fastest-growing regional market from 2021 to 2028 due to increasing disposable income levels and growing population in developing countries

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Anti-acne Cosmetics Market Segmentation

Grand View Research has segmented the global anti-acne cosmetics market on the basis of product type, end-use, and region:

Anti-acne Cosmetics Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Mask
• Creams & Lotions
• Cleansers & Toners
• Others

Anti-acne Cosmetics End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Women
• Men

Anti-acne Cosmetics Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Anti-acne Cosmetics Market

• Neutrogena
• Clinique
• Murad
• Kose
• LaRochPosay
• Mentholatum
• L'Oréal
• Proactiv
• Vichy

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Traditional Wound Management Market to Record an Exponential CAGR by 2028

 

Traditional Wound Management Market Growth & Trends

The global traditional wound management market size is expected to reach USD 7.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.7% from 2021 to 2028. The rising incidence of chronic diseases, increasing number of accidents, and rising number of ambulatory surgery centers (ASCs) are the key driving factors for the market.

The global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is one of the key driving factors for market growth. Factors such as the adoption of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are majorly contributing to the rise in the prevalence of non-communicable diseases. Cancer has been a global healthcare burden as it is one of the leading causes of death. Most surgical wounds post-cancer surgery are relatively large in size and deep, producing exudate that requires regular care.

The wound care products such as bandages, medical tapes, and gauze help to manage large wounds, significantly reducing the risk of further infection. According to the estimates from the WHO, in 2018, one in five men and one in six women globally develop cancer during their lifetime. Moreover, as per reports published by WHO, 18.1 million new cancer cases have been reported in 2018, globally. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries. Furthermore, the rising prevalence of chronic conditions and the number of surgeries being performed have also increased globally. Therefore, such factors are anticipated to positively impact market growth over the forecast period.

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Traditional Wound Management Market Report Highlights

• In terms of revenue, the acute wounds segment held the largest revenue share in 2020 owing to the rising cases of accidents and trauma globally
• The gauze segment held the largest share in 2020 owing to its wide range of applicability in various types of injuries and availability of numerous products
• The hospital segment dominated the market and held the largest revenue share in 2020 due to the rising cases of burns and surgeries
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising number of diabetic patients in this region

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Traditional Wound Management Market Segmentation

Grand View Research has segmented the global traditional wound management market on the basis of product, application, end-use, and region:

Traditional Wound Management Product Outlook (Revenue, USD Million, 2016 - 2028)

• Gauze
• Tape
• Bandage
• Cotton

Traditional Wound Management Application Outlook (Revenue, USD Million, 2016 - 2028)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Other Chronic Wounds
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns

Traditional Wound Management End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Home Healthcare
• Others

Traditional Wound Management Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia

 List of Key Players of Traditional Wound Management Market

• Braun Melsungen AG
• Johnson & Johnson Pvt. Ltd.
• Medtronic PLC
• Smith & Nephew
• PAUL HARTMANN AG
• Cardinal Health
• Mölnlycke Health Care AB
• Derma Sciences Inc.
• Medline Industries, Inc.
• BSN Medical

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Wheelchair Market to Witness a Pronounce Growth During 2021 – 2028: Grand View Research Inc.

 Wheelchair Market Growth & Trends

The global wheelchair market size is expected to reach USD 4.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2021 to 2028. The Americans with Disabilities Act (ADA) defines a wheelchair as a manually operated or automated device, designed primarily for use by an individual with a mobility disability. It is mainly used for the purpose of indoor or both indoor and outdoor locomotion. Increase in life span and numbers of elderly persons at a global level is one of the key reasons expected to contribute towards the growth of the market.

The growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs is a key impacting parameter, projected to support market growth. Wheelchairs today are incorporated with non-linear processing circuits, guide sensors, pulse steering drive, and several controls for making the ride easy and smooth for patients.

Rise in number of disorders requiring a mobility device is also one of the key factors expected to contribute to market growth. One of the common disabilities that require a mobility device is the spinal cord injuries. According to the National Spinal Cord Injury Statistical Center’s Facts and Figures at a Glance 2020, there are around 294,000 people currently living with spinal cord injuries (SCI), in the U.S. with 17,810 new cases each year. Thus, the US is expected to be a key potential market for the manufacturers of the mobility device in the years to come.

The recent COVID-19 pandemic affected the manufacturing and supply chain aspect of the manufacturers to a great extent. Wheelchair services were halted across several countries owing to strict lockdowns being implemented. This had left many wheelchair users in a fix. The manufacturers also faced difficulty since their operations were halted. Although the number of hospital visits by regular patients had reduced during the lockdown, the number of patients affected with COVID-19 witnessed a spike. Thus, demand for the mobility device increased during this period, especially from the hospital segment. With the ease of lockdowns, the manufacturing operation of the mobility device is expected to come back to normal.

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Wheelchair Market Report Highlights

• The manual product segment led the segment in terms of revenue share in 2020 owing to its increasing use in hospitals. It is also cost-effective and requires little maintenance
• Rising volume of medical emergencies is a prime factor driving the hospital segment
• The adults segment was the largest in 2020 in terms of revenue share owing to rise in number of disabilities requiring a mobility device such as the spinal cord injuries and an expanding ageing population
• North America dominated the market with a revenue share of 35.0% due to increased adoption of advanced technology in wheelchairs and rise in the disabled population

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Wheelchair Market Segmentation

Grand View Research has segmented the global wheelchair market based on product, category, application, and region:

Wheelchair Product Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Electric

Wheelchair Category Outlook (Revenue, USD Million, 2016 - 2028)

• Adults
• Pediatric

Wheelchair Application Outlook (Revenue, USD Million, 2016 - 2028)

• Homecare
• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers

Wheelchair Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Wheelchair Market

• Carex Health Brands, Inc.
• Drive Medical Design & Manufacturing
• Graham-Field Health Products Inc.
• Invacare
• Medline
• Sunrise Medical LLC
• Karman Healthcare
• Quantum Rehab
• Numotion
• Pride Mobility Products Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fitness App Market to Surpass USD 15.5 Billion by 2028: Grand View Research Inc.

 Fitness App Market Growth & Trends

The global fitness app market size is expected to reach USD 15.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.6% from 2021 to 2028. Rising health and fitness awareness and the growing prevalence of obesity are major factors driving the global market. According to the Centers for Disease Control and Prevention, the prevalence of obesity increased from 30.5% in 1999-2000 to 42.4% in 2017-2018. Moreover, awareness regarding obesity-related health conditions, including diabetes, stroke, heart diseases, and cancer, is increasing. This, in turn, is fueling the adoption of fitness apps to manage weight and aid weight loss.

The lockdown and social distancing norms by governments to control the spread of the COVID-19 virus have negatively impacted the gyms and fitness centers globally. However, consumers have shifted their focus to online fitness classes and apps. The total number of downloads and active users increased rapidly during the COVID-19 lockdown. For instance, the daily active users on fitness apps increased by 24% in Asia Pacific, 11% in Europe, 8% in Americas, and 28% in the Middle East and North Africa between quarter 1 and quarter 2 of 2020. Moreover, many fitness apps are witnessing an increase in their downloads and profits. For instance, HealthifyMe, an Indian fitness app, witnessed a 30% increase in traffic and a 40% increase in revenue in April 2020.

Moreover, a rise in the number of product launches, investments, collaborations, partnerships, and mergers & acquisitions is boosting the adoption of fitness apps in the market. For instance, in March 2020, Curefit, a health and fitness company, received USD 110 million in funding from Temasek Holdings Limited. In November 2020, Hong Kong Baptist University (HKBU) and The Chinese University of Hong Kong (CUHK) collaborated to launch MusFit Action Mobile App, which is focused on home-based exercises for elderly and middle-aged people. In December 2020, National Football League player DeMarcus Ware introduced his fitness app Driven to Win on Apple Store. The subscribers can work out with NBL players through this app. This app will be available for Android from 2021.

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Fitness App Market Report Highlights

• The exercise and weight loss segment emerged as the leading type segment in 2020 with a revenue share of 54.7%
• By platform, iOS accounted for the largest revenue share in 2020. The Android segment is projected to expand at the fastest CAGR during the forecast period
• Based on the device, smartphones accounted for the largest revenue share in 2020. Wearable devices are projected to expand at the fastest CAGR during the forecast period
• North America accounted for the largest share in 2020 due to the increasing awareness regarding health and wellness, high penetration of smartphones, and availability of a large number of fitness apps

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Fitness App Market Segmentation

Grand View Research has segmented the global fitness app market on the basis of type, platform, device, and region:

Fitness App Type Outlook (Revenue, USD Million, 2016 - 2028)

• Exercise & Weight Loss
• Diet & Nutrition
• Activity Tracking

Fitness App Platform Outlook (Revenue, USD Million, 2016 - 2028)

• Android
• iOS
• Others

Fitness App Device Outlook (Revenue, USD Million, 2016 - 2028)

• Smartphones
• Tablets
• Wearable Devices

Fitness App Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • S.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
• Latin America
  • Mexico
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Fitness App Market

• Adidas
• Fitbit, Inc.
• Appster
• Azumio, Inc.
• MyFitnessPal Inc.
• Applico
• FitnessKeeper
• Aaptiv
• Nike
• Noom
• Under Armour, Inc.
• Appinventiv

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Laser Hair Removal Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Laser Hair Removal Market Growth & Trends

The global laser hair removal market size is expected to reach USD 2.8 billion by 2028 registering a CAGR of 20.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for non-invasive hair removal procedures is expected to drive the market growth. Technological advancements, such as the introduction of ultra-technology, are also projected to boost the market growth.

The ultra-technology is more secure than earlier techniques and the prevalence of side-effects, such as burning sensations and temporary rashes on the skin, can be easily healed with topical applications. Asia Pacific is anticipated to register the fastest CAGR during the forecast period owing to the high prevalence of skin disorders in the emerging economies and the rise in disposable income of consumers. Moreover, growing e-commerce penetration is driving the market due to easy availability of advanced products.

The Covid-19 pandemic has created several challenges for the aesthetics industry. Initially, most of the clinics had halted their services with only emergency procedures to be performed. This has impacted the market growth. However, recently, due to ease of lockdown restrictions, services have resumed in a staggered manner with strict measures to be followed. This will boost the market growth.

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Laser Hair Removal Market Report Highlights

• The Nd:YAG laser type segment is expected to register the fastest CAGR from 2021 to 2028 owing to the high efficiency of these products on all skin types, including tanned skin, and faster repetition rates
• The beauty clinics end-use segment is expected to lead the global market, in terms of revenue share as well as growth rate, during the forecast period owing to an increase in demand for advanced aesthetics devices for hair removal
• The dermatology clinics segment is projected to account for a significant market share by 2028 due to the availability of skilled professionals and efficient treatments with extreme safety and comfort
• North America was the dominant regional market in 2020 and is expected to expand further at a steady CAGR from 2021 to 2028 owing to a huge market of dermatology clinics and the adoption of innovative devices

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Laser Hair Removal Market Segmentation

Grand View Research has segmented the global laser hair removal market on the basis of laser type, end-use, and region:

Laser Hair Removal Laser Type Outlook (Revenue, USD Million, 2016 - 2028)

• Diode
• Nd:YAG
• Alexandrite

Laser Hair Removal End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Beauty Clinics
• Dermatology Clinics
• Home Use

Laser Hair Removal Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Singapore
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Laser Hair Removal Market

• Syneron Medical Ltd.
• Sciton, Inc.
• Alma Lasers, Ltd.
• Cynosure, Inc.
• Cutera Inc.
• Lumenis Ltd.
• Lutronic Corp.
• Lynton Lasers Ltd.
• Solta Medical, Inc.
• Strata Skin Sciences, Inc.
• Venus Concept Canada Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.