Demand for Men’s Watch Market is Set to Witness Steady Growth in 2031 | FMI

The growing demand for wristwatches by men because it is something that can need to keep men accountabley also, watch can build confidence of men same as their proper dress.

Also, new watch launches by key players like Rolex, Sonata, Titan and fossil are assumed to give a positive impact on the watch market growth during the forecast period.

What is Driving Demand for Men’s Watch?

The trend of smartwatches among men is drivings the market growth. Correspondingly, many prominent key players in the market such as Timex and Casio are investing in the research and development sector for introducing smartwatches with a more efficient battery and excellent performance.

Also, many players are engaged in innovation to introduce varieties of attractive watches for users at affordable prices. Innovation and new launches by players offers the customers to choose the watch according to their budget and also encourage other players to invest in this sector which is driving the market in progressive manner.

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Factors that Likely to Augment Men’s Watch Sales

There are multiple factors that are affecting the demand for watches. The main factor is growing awareness regarding health among men all around the globe.

This has resulted in the raised customer spending on health care gadgets, which has further lead the market growth of smartwatches.  The smartwatch has multiple features like walk tracking, analyze heartbeat rate, connect with smartphones and so many other advanced applications which fuels the sales of men’s smartwatches.

There are many players who are rigorously working in the research and developement field to introduce smartwatches in the market. For instance, Samsung launched a smartwatch that keeps the record of the user’s physical activity and also monitors their heartbeat and the blood pressure. Such features are the major contributing factors to the augmented volume of sales of smartwatches.

Impact of COVID-19 on Men’s Watch Market

Due to the COVID-19 pandemic, the economic cycle of the world had disturbed. The closure of shops and specialty stores had adverse impact on the market growth.

Moreover, the buying behavior of customers have changed from conventional stores to online retail platforms as they are offering numerous benefits such as virtual tryouts, several discounts, coupons, and vast product portfolio offering. Even after taking the vaccine, somewhere people are scared about another wave of COVID-19, which restricts them to spend not much on unessential things.

While on the other side, during the COVID-19 pandemic many players upgrade their service and smartly work in the research sector and introduced a smartwatch that can detect the symptoms of coronavirus in men.

For instance, Apple introduced the Apple Watch Series 6 in September 2020, in this smartwatch a sensor is installed which display the approximate value of the blood oxygen and pulse rate. This advanced feature alerts the user if he is suffering from any respiratory problems like covid-19 or influenza. This has raised the demand for smartwatches during the pandemic and also encourages other players to launch advanced smart devices to attract more customers in the market.

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US and Canada Men’s Watch Market Outlook

The people of the United States and Canada are technologically outstanding and have a higher mission for strong advancements with a vision to make life simpler. Millennial consumer in the region are more aware of the smart technology and the demand for smartwatches for the men are getting stronger in these regions.

For expanding the product portfolio of smartwatches in the region, many prominent players like Fossil and Apple are continuously launching smartwatches at different price ranges. This also helps the player to strengthen their presence in the regional market.

Also, the increasing awareness about self-grooming, and good looking among men is the reason for demand boost in the regional market. Players are principally engaged to gain traction with millennial men and providing them with the best quality of watch. This product portfolio expansion by the company gains a competitive advantage in the US market.

Europe Demand Outlook for Men’s Watch

Awareness regarding health and fitness among the men of Europe is continuously rising because of the high obesity ratio. According to BMI, 53% and 73% of men in France and Croatia are suffering the problem of being overweight respectively. Therefore, the market for fitness gadgets such as fitness watch is rising in the European countries.

The popularity of fitness watches is more among men who are fitness-oriented. Because this watch help in recording the physical activity like cycling, swimming laps, daily steps, sleeping pattern, pulse rate, and blood pressure. These advanced features encourage men to buy a smartwatch for accessing their regular activities including calories intake. Furthermore, the rising disposable income of men is enabling them to buy such smart watches which also meet their requirements and desires.

Who are the Key Manufacturers and Suppliers of Men’s Watch?

Some of the leading manufacturers and suppliers of male watches include

  • The Swatch Group Ltd
  • Apple Inc.
  • BESPOKE UNIT, LLC.
  • Rolex
  • NEOBIAO
  • realme.
  • Compagnie Financière Richemont SA
  • Titan Company Limited
  • PATEK PHILIPPE SA
  • Xiaomi Global Community
  • LVMH
  • SAMSUNG, FOSSIL GROUP, INC.
  • CITIZEN WATCH CO., LTD
  • CASIO COMPUTER CO., LTD.
  • Ethos Watch Boutiques.
  • Folli Follie Online., and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Product Types:

  • Mechanical
  • Quartz
  • Smart

By Price:

  • Under US$200
  • US$200-US$300
  • US$300-US$400
  • US$400- US$500
  • US$500 & above

By Distribution Channels:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Online retailing
  • Others

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Kamado Grill Market Share is Set to Witness Steady Growth During 2021-2031 | FMI

The kamado grill market share is set to witness steady growth during 2021-2031, with a CAGR of around 4.5%.

Demand for kamado grill will witness steady growth attributing to the rising number of outdoor recreational activities. Additionally, the opening of new bars, restaurants, fast-food joints, and the various health benefits of food cooked in grills are likely to project high sales of kamado grills.

Kamado Grill Market Forecast and CAGR

The kamado grill market is set to witness steady growth during 2021-2031, with a CAGR of around 4.5%. Demand for kamado grill will witness steady growth attributing to the rising number of outdoor recreational activities. Additionally, the opening of new bars, restaurants, fast-food joints, and the various health benefits of food cooked in grills are likely to project high sales of kamado grills.

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What is Driving Demand for Kamado Grill Market

Evolving end-user demand for lightweight and long-lasting cooking equipment is likely to favor the growth in demand for kamado grills. Additionally, the changing preferences of individuals of outside gatherings, participating in outdoor sporting activities are expected to expand the demand for the kamado grill industry.

Moreover, the kamado grills are an impeccable invention, having vast usability in both residential and commercial sectors. The traditional kamado grills have always been an efficient mode of cooking as it consumes comparatively much lesser amount of fuel and its unique shape favors the ability to quickly raise the temperature of the inner surroundings.

Sales of kamado grill go through a cyclical boom-and-bust, which has remained a longstanding challenge for manufacturers. The fluctuation has meant that many manufacturers are often caught off-guard with respect to capacity utilization and expansion.

Product Innovation Likely to Augment Kamado Grill Sales

Sales of kamado grills are likely to grow due to the growing demands of customers, who have encouraged the manufacturers and suppliers to provide grills with new technology and features. The introduction of touch screen controls, temperature measurement, in-built safety control systems, and options to redirect the heat flow is likely to create opportunities in various service sectors, therefore, boosting the sales of kamado grills.

Cooking appliances sales around the globe have been impacted by the COVID-19-induced slowdown. This has also had a ripple effect on cooking components and material sales. As lightweight and innovation is a key focus area for all the industries OEMs, kamado grill manufacturers are likely to witness various opportunities in the future.

Additionally, the innovation in the material used for the production of kamado grills such as stainless steel and other alloys extends the life of the product. The manufacturers are investing in R&D facilities to use materials that have a longer lifespan. Further, the availability of various sizes of kamado grills expands the market reach by providing the customer with desired products. Therefore, the sale of kamado grills is projected to grow.

COVID-19 Impact on Kamado Grill Market

The sudden outbreak of Coronavirus had hit the global public health emergency hard and had affected the economic activities of all the industries, the kamado grill industry is no different. The regulations ruled out by the government to maintain social distance, neglect unnecessary movement, and pause of trading of materials had affected the working of industries.

Further, the shutdown of industries caused a lack of strength for employees, reducing the production capacity and shortage of logistics reduced the market share.

The changing preferences of individuals, growing purchasing of essential products led to the downfall of demand for kamado grills. Many regions that relied upon the trading of materials to maintain the economy were affected majorly as their market presence and share dropped.

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U.S. and Canada Kamado Grill Market Outlook

The U.S. is one of the largest markets for kamado grill globally. The US kamado grill market share is set to trend on the historic pattern of bust and boom during the assessment period 2021-2031. Demand is likely to remain muted in the next couple of years, as a number of end-use industries make a gradual recovery.

Demand for kamado grill in U.S. and Canada is projected to grow owing to the rising demand and adoption of grills due to the various health benefits as it consumes less oil, provides the higher nutritional value of food, and others. Further, the culture in the countries of North America promotes outdoor gatherings and the presence of a high economy reduces the cost price of products, therefore, growing the sales of kamado grills.

Europe Demand Outlook for Kamado Grill

European market, especially the western area with countries like Germany, the U.K., France, Italy are likely to project higher sales of kamado grills. The upsurge in demand for innovative and efficient products such as hybrid and electric grills are expected to boost the sales of kamado grills.

Moreover, the forever-running trend of gathering and giving treats to family and friends that has become a pattern in the European culture and the rising number of restaurants, breweries, fast-food joints are likely to expand the demand for kamado grills.

Additionally, many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, the presence of favorable government and adapting and evolving nature of manufacturers and suppliers are likely to help them recover from the fallback and thus, create new opportunities for all industries including kamado grills.

Who are the Key Manufacturers and Suppliers of Kamado Grill?

Some of the leading manufacturers and suppliers of kamado grill include

  • KimodoKamado, Kamado Joe®
  • Royal Gourmet Corporation,
  • BIG GREEN EGG
  • Yixing Mcd Oven Co. Ltd.
  • Wuxi M.Y. Advanced Grill Co., Ltd.
  • Argos Limited, Bull Europe Limited,
  • LANDMANN GmbG & Co.
  • Handels-KG,
  • JUJIAN AUPLEX KAMADO GRILL
  • Breakaway
  • CharGriller.com,
  • GRILL DOME KAMADO
  • Onward manufacturing Company Ltd.
  • Cox Brothers Electrical Company Ltd.
  •  and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Size:

  • 13 Inch – 15 Inch
  • 16 Inch – 22 Inch
  • 23 Inch & Above

By Product Type:

  • Gas
  • Charcoal
  • Electric

By End Use:

  • Residential
  • Commercial

By Distribution Channel:

  • Wholesalers/ Distributors
  • Supermarkets/ Hypermarkets
  • Independent Kitchen Appliances Stores
  • Online Retailers
  • Others

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Combat Boots Market is Witnessing Growth Due to the Ongoing Developments by Combat Boot Companies

The global combat boots market growth is projected to be worth US$ 1,743 million in 2022, with a projected value of US$ 2,555.4 million by 2032.  The demand for combat boots is expected to increase at a CAGR of 3.9% between 2022 and 2032.

The combat boot market is witnessing growth due to the ongoing developments by combat boot companies. These companies are putting their products through rigorous testing to ensure that they can withstand tough conditions with minimal wear and tear.

Furthermore, the demand for combat boots is increasing since they are designed to provide stability in challenging and harsh conditions by giving a solid grip, enhanced ankle stability, and superior foot protection. Law enforcement officers, firefighters, military personnel, and adventurers who work in harsh weather conditions are the primary drivers of combat boot industry growth.

According to US Defense Department data, 60,000 military soldiers were present in Afghanistan, Iraq, and Syria in March 2019, and this number is expected to increase in the near future, resulting in rising sales of combat boots and fuelling combat boot market expansion. Furthermore, rather than parades or other ceremonial duties, troops wear them during battle or combat training. As a result of an increase in the number of military personnel for security objectives, the combat boots market share is expected to grow on average.

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As internet penetration has grown, so has the number of users of various social networking sites.

Taking this into consideration, it is expected that the majority of the leading companies in the combat boots market growth are likely to promote their products and services using these social media channels. However, due to the high costs and widespread popularity of combat boot brands such as Nike, Adidas, and Puma, counterfeit brands have proliferated. As customers in emerging economies are price sensitive, counterfeit brands have become common.

Key Takeaways from Personal Fitness Trainer Market

  • The United States holds the second highest share of the combat boot market. In 2022, North America is anticipated to capture 21.89% of the global combat boot market.
  • Asia Pacific is likely to increase rapidly over the forecast period. An increase in government intervention to quell riots, protests, and disaster management activities is expected to boost regional demand for combat boots.
  • In 2022, Europe is projected to hold more than 25.89% of the combat boot market. Europe is anticipated to dominate the combat boot business between 2022 and 2032.
  • From 2022 to 2032, the Jungle combat boots category is expected to dominate the combat boots market.
  • Military combat boots are expected to dominate the market based on application.

“A variety of manufacturing companies are witnessing investment opportunities in the niche market for combat boots. Additionally, the production of composite plastic toes offers a significant market opportunity for manufacturers of combat boots.” –  FMI Analyst

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Competition Landscape in the Personal Fitness Trainer Market 

Leading industry companies are expected to concentrate on expanding their operations in the Asia Pacific area due to the steadily growing clientele in nations like China and India. Significant market players are anticipated to invest in R&D initiatives in this respect in order to maintain their competitiveness during the forecast period.

NS Boots Pvt. Ltd., McRae, Wolverine World Wide, Belleville Boot Company, Magnum Boots, Maelstrom Boots, Bates Boots, Rampage, and Under Armour are some key players in the combat boot market.

Recent Developments in the Personal Fitness Trainer Market:

  • The GSG9.2 Footwear, a combat boot with military inspiration from Adidas, went on sale in June 2019.
  • In April 2020, the first responders in New York City will get 1,000 pairs of combat boots from the Italian footwear manufacturer Garmont Outdoor.
  • The 5.11 A.T.L.A.S. (All Terrain Load Assistance System) combat boot line was introduced in February 2020 in Las Vegas, Nevada.

Combat Boots Market by Category

By Type:

  • Jungle Boots
  • Desert Boots
  • Cold Weather Boots
  • Others

By Application:

  • Military
  • Hiking
  • Travel
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania
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Pet Transporting Service Industry have Rapidly Increased Due to High Pet Adoption Rates

The pet transporting service industry is estimated to reach US$ 522 Mn in 2022. Demand is projected to increase at a 4.5% CAGR with the market size reaching US$ 812 Mn by 2032.

As per the analysis, the pet transport services have rapidly increased due to high pet adoption rates. Furthermore, the increase in international travel has led to high demand for commercial animal transport.

However, because of long-distance transporting, there are some concerns among pet owners about delivery security, and strict authority restrictions in a few countries are limiting the growth of the pet carrier business. On the other hand, an increasing number of mergers and acquisitions involving major players in the market is expected to generate a number of growth opportunities for the pet delivery service throughout the forecast period.

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“Growing preference for value-added services in pet transporting to avoid separation anxiety in companion animals, along with high demand for luxury accommodation services for pets is expected to create opportunities for growth in the market,” says an FMI analyst.

Key Takeaways:

  • The U.S. is expected to spearhead the North America pet transporting service industry over the forecast period.
  • The U.K. will account for a dominant share in the Europe pet transporting service market by 2032.
  • Consumers are preferring online channels for booking domestic and international pet transporting services.
  • The demand for pet transporting services for domestic travel is expected to remain high.
  • Leading companies are relying on social media platforms like YouTube, Facebook, Instagram, for the promotion of transporting services.

Competition Landscape

Leading players operating in the global pet transporting service market are Happy Tails Travel Inc., Pet Flight Inc., Worldwide Animal Travel, Air pets International, Animal Travel Services, Royal pews Blue Collar Pet Transport, Animals Away and others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of pet transport service market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the pet transport service market based by travel type (domestic travel, international travel), by pet types (dogs, cats, birds, small pets, fish’s, rabbits, others), by booking mode (phone booking, online booking, offline booking) by region (North America, Latin America, Europe, South Asia, Oceania, MEA

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Pet Transporting Services Market by Category

Pet Types:

  • Dogs
  • Cats
  • Birds
  • Smalls Pets
  • Others

Travel Type:

  • Domestic Travel
  • International Travel

Booking Type:

  • Phone Booking
  • Online Booking
  • Offline Booking

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Frequently Asked Questions

  • Who are the leading players in the pet transporting service market?
  • Which are the leading countries in the pet transporting service market?
  • What will be the pet transporting service industry size?
  • What are the key factors driving the growth in the pet transporting service market?

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Feminine Hygiene Products Market value is estimated to CAGR of 7.0% during the forecast period by 2031

Government initiatives undertaken to spread awareness about women health and menstrual hygiene, besides brand consolidation strategies by leading producers and the adoption of modern lifestyles by women will push feminine hygiene products sales in the coming years.

According to the recent Future Market Insights (FMI) report, the global feminine hygiene products market value is estimated to surpass US$ 27.6 Bn in 2021, with a CAGR of 7.0% during the forecast period (2021-2031).

Around 49% of the global population is female and nearly 65% of them are aged between 15 and 65 years, thereby indicating a significant opportunity for manufacturers of feminine hygiene products.

Government organizations are focusing on women’s health and hygiene with the help of launch of various awareness programs and funding activities. These programs include detailed education about menstruation, puberty, and the advantages and health benefits of using hygiene products.

They are also providing sanitation kits to girls studying in government schools and colleges in rural areas, particularly in developing economies around the globe. For instance, in 2017, the Department of Education in KwaZulu-Natal (KZN) of South Africa set aside Rs 50 million to fund the distribution of sanitary towels and napkins to various schools in the region.

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Additionally, rising female populations in countries such as India, Ghana, and Nigeria will create lucrative opportunities. Concerns regarding disposal, have resulted in the introduction of reusable menstrual cups. These cups are made from medical grade silicon or latex and cost between US$ 20 and US$ 50 per pack and can last for nearly five years. Such innovations will give tailwinds to growth registered in the market.

The impact of the ongoing COVID-19 pandemic on production of feminine products has been negligible despite short term disruptions of transportation and logistics.

Key Takeaways from Feminine Hygiene Products Market Study

  • Sanitary napkins are the largest and fastest growing segment accounting for nearly half of the market by 2031, with a CAGR of over 8%.
  • Supermarket are projected to account for over 22% of the global market by 2031. This is attributed to robust supply channels for consumer health products.
  • East Asia is the largest revenue-generating region for feminine hygiene products, with the China accounting for nearly 81% of the regional market in 2021.
  • Germany holds the lead in Europe, and is expected to accounting for over 18% of the market in 2031.
  • South Asia is the second most lucrative market after East Asia with India accounting for over 75% of the value share in 2031.

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Who is Winning?

Some of the leading manufacturers of the feminine hygiene products market are focusing on mergers and acquisitions for global expansion. Thus, enhancing their market presence.

The key market players covered by FMI include Procter and Gamble, Johnson and Johnson, the Kimberly-Clark Corporation, Svenska Cellulosa Aktiebolaget SCA, Sanofi S.A, Lil-lets UK Limited, Ontex, Unicharm Corporation, Diva International Inc., and Edgewell Personal Care.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Feminine Hygiene Products Market by Category

Product type:

  • Sanitary Napkins
  • Tampons
  • Menstrual Cup
  • Panty liners
  • Feminine Hygiene Wash

Distribution Channel:

  • Hypermarket
  • Supermarket
  • Convenience Stores
  • Department Stores
  • Retail Pharmacies
  • Online Purchase

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Rx to OTC Switch Market Insights, New Innovations, Research and Growth Factor till 2031

Rx-to-OTC switches refer to the transition from proven prescription drugs to nonprescription, OTC status. According to a report by Future Market Insights (FMI), the global Rx-to-OTC switches market was valued at US$ 33 Bn in 2020 and is predicted to expand at a CAGR of over 5% during the forecast period (2021–2031).

Scientifically, it is a rigorous and highly regulated process that allows consumers to purchase OTC access to a growing range of medicines. For a medicine to be granted under OTC status, it must comply with the regulatory standards associated with its efficacy, have a wide safety margin, and bolster labelling to ensure proper usage of the product.

The increasing prevalence of diseases with common self-treatable symptoms, such as cold and flu, headaches, allergies, and others has fuelled the demand for OTC drugs. Thus, growing sales of nonprescription drugs have pushed pharmaceutical companies to focus on Rx to OTC switches to meet customer needs thereby gaining high revenue in the market.

It was observed in 2020, Rx-to-OTC activity was driven by growing regulatory approvals and increased OTC sales. The COVID-19 outbreak has restricted patients to visit hospitals and clinics suffering from common illnesses. Consequently, delays in prescribed medication have shifted the customer preference towards the OTC drug consumption. As a result, the COVID 19 outbreak bolstered the demand for OTC products, which in turn has supported the adoption of Rx-to-OTC switches.

The Food and Drug Administration (FDA) introduced the non-prescription safe use regulatory expansion (NSURE) panel in 2013 that has supported a new wave of Rx-to-OTC switches, with a focus on creating conditions for switches in new therapeutic classes.

The introduction of the panel aimed to promote switches which had gained consumer attention, which in turn has aided the demand for the OTC drugs in the market.

rx to otc switches market sector region wise plc position and notable trends, 2021

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Key Takeaways from Rx-to-OTC Switches Market Study

  • Allergy and respiratory drugs are anticipated to gain a revenue share of more than 25% with a CAGR of 5.7% owing to the rising prevalence of lifestyle-based ailments.
  • Retail pharmacies are anticipated to grow at a CAGR of 5.1% over the forecast period owing to the rise of e-commerce and the procurement of cost-effective medicines.
  • The  U.K. holds the lead in Europe, holding a share of over 33% owing to the implementation of favorable government policies.
  • The U.S. will account for over 77% of the North America market by 2031, supported by a matured healthcare and pharmaceutical sector and favorable reimbursement policies.
  • China is the largest and fastest growing market in East Asia estimated to account for close to 49% of the global market, owing to the country’s large-scale pharmaceutical requirements.

 “Increasing global prevalence of allergies and common illnesses such as flu, coupled with rising awareness for self-medication practices, are driving the growth of the global Rx-to-OTC switches market,” says the FMI analyst.

Who is Winning?

Rx to OTC switches have led the pharmaceutical companies to shift focus from patients to consumers in terms of end users. In addition to strategic collaborations, acquisitions, expansion, product launches, agreements and research sponsorships are the key strategies adopted by manufacturers to expand their research and development (R&D) capabilities increasing sales in wider geographical base to strengthen product portfolios in the Rx-to-OTC switches market.

For instance, in January 2021, Boehringer Ingelheim entered into a collaborative agreement with Google Quantum AI (Google), focusing on researching and implementing cutting-edge use cases for quantum computing in pharmaceutical research and development (R&D).

Rx to OTC Switch Market by Category

Drug Category

  • Allergy and Respiratory
  • Fungal Infections & Other Infections
  • Overactive Bladder
  • Oral Contraceptives
  • Gastrointestinal Drugs
  • Hair Loss Treatments
  • Smoking Cessation
  • Analgesic, Inflammation And Pain Management
  • Others (Lice, Acne, Weight Loss, And Laxative)

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Distribution Channel

  • Retail Pharmacies
  • Hospital Pharmacies
  • Drug Stores
  • Online Pharmacies

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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U.S. Digital Ovulation Test Kits Market generating a revenue of US$ 95.1 Million by 2031

Digital ovulation tests help women to maximize the chances of conceiving naturally by identifying the two most fertile days of their menstrual cycle by measuring the changes in the level of luteinizing hormone (LH), which is important to fertility parameters. According to Future Market Insights (FMI) the U.S. digital ovulation test kits market is estimated to be US$ 80 Mn in 2021, and is expected to grow at a market CAGR of 9.6% during the forecast period (2021-2031)

Some of the digital devices available in the market have advanced features such as connectivity to Bluetooth or smart countdown. Clearblue, First Response and E.P.T. are some of the most popular digital ovulation test kits brands available in the U.S. market.

Increasing purchasing power and growing consumer awareness about women’s health are the two factors expected to drive the growth of the digital ovulation test kits market in the U.S. Various states in the country are focusing on improving women health through various awareness and healthcare programs.

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For instance, the American pregnancy association along with its education partner Fairhaven Health LLC guides ovulation testing to couples trying to get pregnant. This is anticipated to boost the growth of the digital ovulation test kit market.

Rising first-time pregnancy demographics and decreasing fertility rates, along with rising levels of disposable income and growing advancements in ovulation testing are some of the major factors driving the growth of the digital ovulation test kit market in the U.S.

The COVID-19 pandemic has significantly affected the sale of digital ovulation test kits. The nationwide lockdown and disrupted supply chains have limited the availability of these products. The pandemic in the first few months of 2020 has negatively impacted the digital ovulation test kits market.

Key Takeaways from the U.S. Digital Ovulation Test Kits Market Study

  • Branded test kits are expected to dominate the U.S. digital ovulation test kits market, rising at a CAGR of around 9.3%.
  • Institutional sales are expected to witness significant growth with easier access to patients driving a CAGR of around 8.8%.
  • Home based use of digital ovulation test kits to gain traction owing to lower stress for use through menstrual cycles.
  • Relatively higher costs to potentially limit sales of digital variants of ovulation test kits in the country.

“Increasing consumer awareness about fertility monitoring parameters, along with high cost and low accuracy associated with fertility treatments are expected to aid the demand for digital ovulation test kits in the U.S. through the end of the forecast period in 2031,” says the FMI Analyst

Who is Winning?The U.S. market is set to expand strongly owing to the rising prevalence of fertility disorders and the adoption of digital ovulation test kits. Furthermore, the advancements in digital ovulation test kits are expected to boost market demand.

Manufacturers are currently focusing on designing novel offerings that can provide better results at a lower cost, while also providing simple and reliable outputs. Key manufacturers are signing strategic partnership agreement within the industry to expand their product portfolios across the U.S.

  • In 2017, Sugentech, a major digital ovulation test kits manufacturer entered into a strategic partnership with CGETC, Inc., a consumer fulfilment and marketing company located in the U.S.

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The business alliance aims to support the distribution of product portfolios across the country and emerging players are extending their partnership to strengthen their market presence.

  • For instance, In February 2019 NFI Consumer Healthcare expanded the agreement with Callitas Health to distribute co-branded products such as NFI’s e.p.t, the leading Over-the-Counter (OTC) ovulation test kit in the U.S.

Key market players covered by FMI include Church & Dwight Co. Inc., Swiss Precision Diagnostics GmbH, Sugentech Inc., Gregory Pharmaceutical Holdings, Inc., iXensor Co. Ltd, Samplytics Technologies Private Limited, Bio-AMD, and others consolidating their positions through mergers, acquisitions and new product launches.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The U.S. digital ovulation test kits market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on digital ovulation test kits market on basis of product in detail, cover every aspect of the market such as (Branded Test Kits and Private Label Test Kits), and distribution channel (Institutional Sales (Hospital Pharmacies, Gynecology Clinics, IVF Clinics and Maternity Care Centers) and Retail Sales (Retail Pharmacies, Drug Stores, Hypermarkets & Supermarkets and Online Sales)) in the U.S.

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Digital Ovulation Test Kits Market by CategoryBy Product:

  • Branded Test Kits
  • Private Label Test Kits

By Distribution Channel:

  • Institutional Sales
    • Hospital Pharmacies
    • Gynaecology Clinics
    • IVF Clinics
    • Maternity Care Centers
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Hypermarkets & Supermarkets
    • Online Sales

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Pharmaceutical Caps and Closures Market is anticipated to reach US$ 4 Billion by 2032

[434 Pages] According to Future Market Insights (FMI), the demand for pharmaceutical caps and closures is expected to rise considerably, enabling the market to surpass US$ 2.27 Bn in valuation by the end of 2021.

Continuous advancements in research and development for drug supplements is a key factor speeding up packaging innovations. Advanced technologies used in packaging primarily focus on ensuring stability of drugs during storage, shipment, and delivery.

In the coming years, the rising cases of chronic disease will support the expansion of the market. The role of smart packaging for medication is increasing to offer greater precision of administered medication, which directly affects patient compliance. This will influence the adoption of cost-effective yet advanced packaging solutions among manufacturers.

The pharmaceutical caps and closures market will therefore register adoption of digital manufacturing. This technology offers high quality caps and closure, with minimal time and cost requirements.

Focus on reducing product damage by user has encouraged inventors to introduce multi-dose delivery caps. The product’s user can remove fluid from the vial by interfacing a needle to the cap. The smart cap ensures that leftover fluid is clean.

In the past few years, environmental awareness among consumers has increased the need for sustainable packaging. In pharmaceutical packaging, the primary concern is product stability.

The demand for reducing the risk of cross contamination of product drives the use of biodegradable material in caps and closures. Also, waste product management is a key concern. Environmentally-friendly material produce lesser waste and are also recyclable.

Despite this, plastics remain the preferred material for manufacturing caps and closures. Plastic use in the market is expected to rise at 6.4% as producers aim for greater flexibility.

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Key Takeaways from Pharmaceutical caps and closures Services Market Study

  • Despite restricted growth amid COVID-19, the demand for pharmaceutical caps and closures is expected to rise at nearly 5% CAGR in 2021.
  • Increasing focus on light weight packaging is driving a transition towards resin-based packaging material.
  • The U.K. and Germany are leading markets in Europe, accounting for more than 26% and 17% of the Europe market respectively in 2021
  • The U.S. will account for a dominant share of 89% in the North America market through the forecast period.
  • China is the largest and fastest growing market in East Asia, exhibiting 8% CAGR through 2031.

“Increasing demand for smart and safe packaging solutions for pharmaceuticals, besides favorable reimbursement policies will offer lucrative growth opportunities for pharmaceutical caps and closure manufacturers through the assessment period in 2031,” says the FMI analyst.

Increase in Funding for Research Activities Offers Growth Opportunities

Leading manufacturers in the pharmaceutical caps and closures market are strengthening their market position through collaboration with various other organizations. Governments in developed and developing countries are actively taking initiatives to encourage research pharmaceutical packaging products.

For instance, Voltaren “No Mess” applicator from GSK Consumer Health was co-developed with Neopac and Nypro Healthcare.

Big drug producers are expected to benefit from the globalization of labor forces, that is, employment of skilled local labor at cheaper rates to derive larger cost savings. Furthermore, this will create room for research and development (R&D) investments.

As per data from EFPIA and PhRMA, annual pharmaceutical (R&D) expenditures increased at 2.5% p.a. in Europe as compared to 3.3% p.a. in the U.S. over the latest measurable period 2016-2020. This will also create opportunities for the expansion of the market.

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Who is winning?

The global market is set to expand due to the rising prevalence of chronic diseases. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

Some of the leading players in the pharmaceutical caps and closures market include but are not limited to Berry Global Inc., Amcor Plc, Aptar Inc., Closure Systems International Inc., O.Berk Company LLC, Bericap GmbH and Co KG, UNITED CAPS, CL Smith Company, Georg MENSHEN GmbH & Co. KG, WestRock Company, West Pharmaceutical Services Inc., Drug Plastics and Glass Co Inc., Gerresheimer AG, DWK Life Sciences GmbH, Parekhplast India Limited, and Parshva Exim Limited.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global pharmaceutical caps and closures market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the pharmaceutical caps and closures treatment market on basis of the main indication in detail, cover every aspect of the market such as product type, molecule type, application, and service provider across seven major regions.

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Phramacutical caps and Closures Services Market by Category

Product type

  • Screw Caps & Closure
  • Snap Caps & Closure
  • Push-Pull Caps & Closure
  • Stopper & Seals
  • Others

Functionality

  • Child Resistant
  • Tamper-evident

Material type

  • Plastic
  • Elastomer
  • Metal

Avalability

  • Prescription (Rx) Pharmaceuticals
  • “Over-the-Counter (OTC) Pharmaceuticals”

Drug Modality

  • Small Molecule (Synthetic Drugs)
  • Biopharmaceuticals

Therapeutic class

  • Anticancer Drugs
  • Anti-infective Drugs
  • Anti-viral Drugs
  • Anti-bacterial Drugs
  • Anti-fungal Drugs
  • Others
  • Cardiovascular Drugs
  • Anti-inflammatory Drugs
  • Analgesics Drugs
  • Anti-diabetics
  • Ophthalmic Drugs
  • Neurological Drugs
  • Others

End Users

  • Pharmaceutical & Biotechnology Companies
  • Contract Manufacturing  Organizations (CMO)
  • Contract Research Organizations (CRO)
  • Academic & Research Institutes

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Sterilants Market is projected to rise to annual revenue of US$ 891.3 Million by 2031

Sterilants sales will continue rising as focus on maintaining a clean and hygienic environment increases to prevent the spread of infections. Future Market Insights in a new study has predicted the sterilants market to reach US$ 2.31 Bn by 2021. Sterilants are chemical agents that destroy (or irreversibly inactivate) bacteria, fungi, and viruses, including their spores. They are also known as sporicides or sterilizers.

The sterilants market is expected to grow significantly in terms of revenue over the forecast period owing to the rising incidence of infectious disease transmission and surging demand for compatible sterilants. Among products available, the demand for ethylene oxide (EtO) is expected to remain considerably high. It is expected to account for over one-fourth sales in the market.

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Demand for sterilants is poised to surge especially amid the COVID-19 outbreak. Consecutive waves of the pandemic has put hospitals and healthcare clinics under pressure to efficiently manage a rising footfall of patients. While the healthcare sector is pulling up the sleeves to contain the soaring number of cases infected with the virus, focus on maintaining a clean and hygienic environment is rising as well.

Healthcare organizations are adopting various policies to respond to the pandemic, one of them being increasing investment in sanitization and sterilants to prevent the risk of infection. Consequently, despite supply chain disruptions witnessed amid the crisis, the demand for sterilants will continue rising.

Key Takeaways from Sterilants Market Study

  • Global sterilants market is estimated to rise at a CAGR of 5.9% during the forecast period (2021-2031)
  • Presence of a sophisticated healthcare infrastructure and willingness to spend on health and hygiene will support sales in the U.S., which will account for 88% of the North America market in 2021
  • Despite ongoing restriction to contain pandemic, the U.K. market will continue rising. In 2021 it is expected to register 4.3% y-o-y growth
  • Expansion of the healthcare sector will creative conducive environment for growth in India
  • Rising disposable income and favorable insurance policies will support the expansion of sterilants market in China

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 “Competition in the sterilants market is rising. Consequently the existing market players are likelier to focus on expansion strategies besides product launches. Some of them are entering into strategic collaborations will other companies,” says the FMI Analyst.

Development of Effective and Compatible Sterilants to Meet the End Users’ Demand is A Key Strategy for Sterilants Market Players

The leading manufacturers are focusing on research and development to develop effective and compatible sterilants that can meet the end users’ demand. The current pandemic outbreak and the growing global demand for multifunctional sterilizing products have led the manufacturers to increase their research efforts and expand their product portfolio through innovative product launches. For instance, in 2020, in response to the pandemic situation of the coronavirus outbreak, Lanxess launched a high-level disinfectant named Rely+On Virkon.

Key Participant Insights

Some of the companies covered by FMI include 3M Company, Steris Plc., Cantel Medical Corporation, Evonik Industries AG, Arkema S.A., Thor Group, Metrex Research, LLC, Ecolab Inc., Solvay SA, LANXESS, Contec, Inc., OZU Corporation, Cetylite, Inc., Veltek Associates, Inc., Whiteley Corporation, Gul Biyoloji Laboratuvari, and others. These players are consolidating their positions through mergers, acquisitions and new product launches.  Besides this they are adopting various strategies to consolidate their market share.

For instance, in 2021, Steris Plc acquired Cantel, a global provider of infection prevention products and services primarily for endoscopy and dental customers, by entering into a definitive agreement through a U.S. subsidiary.

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Want More Insights?

Future Market Insights (FMI) brings a comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global sterilants market is segmented in detail to cover every aspect of the market and present a complete market intelligence report to the reader. The study provides compelling insights on the sterilants market on basis of product type such as ethylene oxide (EtO), glutaraldehyde, hydrogen peroxide gas plasma (HPGP), vaporized hydrogen peroxide, immersion and vapor phase peracetic acid and others. Based on form, sterilants are segmented into liquids and sprays. Based on end-users, the market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic laboratories, reference laboratories, rehabilitation centers, long-term care centers, critical care centers, pharmaceutical & biotechnology companies, academics and research institutes and homecare settings.

Sterilants Market by Category

Product

  • Ethylene Oxide (EtO)
  • Glutaraldehyde
  • Hydrogen Peroxide Gas Plasma (HPGP)
  • Vaporized Hydrogen Peroxide
  • Immersion and Vapor Phase Peracetic Acid
  • Others

Form

  • Liquid
  • Spray

End-user

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Reference Laboratories
  • Rehabilitation Centers
  • Long Term Care Centers
  • Critical Care Centers
  • Pharmaceutical & Biotechnology Companies
  • Academics and Research Institutes
  • Homecare Settings

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Aquarium Pumps and Filters Market Size is Predicted to Rise from US$ 821 Mn in 2022 to US$ 1,546 Mn in 2032

The global aquarium pumps and filters market size is poised to reach a valuation of US$ 821 Mn in 2022. Sales of aquarium pumps and filters are projected to increase at 6.5% CAGR from 2022 to 2032. The market is anticipated to be valued at US$ 1,546 Mn by 2032.

The global aquarium pumps and filters market size  is expected to grow at a significant rate during the forecast period. Rising trend of fish adoption and increasing number of people choosing fish keeping as a hobby in recent years are anticipated to aid growth. In addition to that, the trend of humanization of pets will create new growth opportunities for key players in the market.

Constant innovation and substantial investments into finding technological breakthroughs will also drive growth in the market. Various renowned fish care product manufacturers are striving to expand their presence in low and middle-income countries to generate more sales.

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Key Takeaways: Aquarium Pumps and Filters Market

  • China is set to generate the lion’s share in the aquarium pumps and filters market size by 2032 with increasing demand for commercial fish farming activities.
  • The U.S. aquarium pumps and filters market size  is estimated to generate considerable share in 2032 owing to surging fish keeping practices.
  • France is expected to dominate the Europe aquarium pumps and filters market size and exhibit growth at a CAGR of 5.5% in the forecast period (2022-2032).
  • Based on product type, the internal filters sub-segment is anticipated to dominate the global aquarium pumps and filters market by the end of 2032.
  • By material type, the plastic segment will continue to remain at the forefront in the global aquarium pumps and filters market by 2032.

“Increasing demand for ornamental fish among the millennial population worldwide is likely to boost the demand for advanced fish tank equipment, including pumps and filters,” says a FMI analyst.

Competitive Landscape: Aquarium Pumps and Filters Market

Leading firms in the global aquarium pumps and filters market are focusing on developing efficient products that would offer a variety of features to customers. They are also providing customized solutions as per the requirements of their clients. Some of the other key players are investing huge sums in research and development activities to upgrade their existing product offerings.

Key players in the global aquarium pumps and filters market are Ista Professional Aquarium System, EHEIM GmbH & Co. KG., Spectrum Brands, Inc., Rolf C. Hagen Inc., Aqua Design Amano Co., Ltd., Eco Plus Ltd., Shenzhen Xing Risheng Industrial Co.,Ltd., BOYU AQUASSTAR, HYDOR, API – Mars Inc., Central Garden and Pet Co., Arcadia Aquatic, JUWEL Aquarium AG & Co. KG., AZOO BIO CORPORATION, Aq Ventura Pvt. Ltd., and Interpet Co. Ltd. among others

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Aquarium Pumps and Filters Market Outlook by Category

By Product Type:

  • Pumps
    • Submersible Air Pumps
    • Inline Air Pumps
  • Filters
    • Power Filters
    • Internal Filters

By Application:

  • Household
  • Commercial

By Material Type:

  • Plastic
  • Metal Alloys
  • Other

By Sales Channel:

  • Wholesalers/Retailers
  • Hypermarket/Supermarket
  • Direct Sales
  • Specialty Stores
  • Online Stores
  • Others Sales Channel

Get More Valuable Insights on Aquarium Pumps and Filters Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global aquarium pumps and filters market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032.

The study divulges compelling insights on the aquarium pumps and filters market based on product type (pumps [submersible air pumps, inline air pumps] and filters [power filters, internal filters]), application (household and commercial), material type (plastic, metal alloys, and other), sales channel (wholesalers/retailers, hypermarket/supermarket, direct sales, specialty stores, online stores, others sales channel), and region.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

4. Global Aquarium Pumps and Filters Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Mn Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Mn Units) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

To Continue TOC…     

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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