Knee Braces Market Size Worth $2.1 Billion By 2026

The global knee braces market size is anticipated to reach USD 2.1 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a 4.3% CAGR during the forecast period. Rising prevalence of osteoarthritis and number of sports-related injuries are the key growth boosters for this market. The increasing burden of obesity is also anticipated to encourage youth to engage sports activities. Easy availability of braces through online stores is projected to further drive the product demand. This helps overcome the geographical barrier and facilitates easy product access.

Rising geriatric population plays a significant role in the market growth. According to the Department of Economic and Social Affairs Population Division, the global share of people aging 60 years and above has grown from 9.2% in 1990 to 11.7% in 2013, and this share is expected to rise to 21.1% by 2050. In 2017, the American Joint Replacement Registry released its Annual Report on the data related to knee arthroplasty that indicated a 101% rise in the procedures from the data collected for a period 2012 to 2016.The use of braces is mandatory after knee replacement surgeries to minimize the pain and to support the joints. Hence, these chronic diseases and associated surgeries create huge demand, thereby driving the growth of the overall market.

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https://www.grandviewresearch.com/industry-analysis/knee-braces-market

Further key findings from the report suggest:

Functional braces is the fastest growing segment of the knee braces market, owing to the rise in sports-related injuries and the wide acceptance of these braces
Arthritis led the application segment in 2018 and is expected to register a CAGR of 4.3% by 2026. The growth can be attributed to the rising prevalence of osteoarthritis and other joint-related diseases. Moreover, novel products such as unloader braces is anticipated to have wider application and acceptance thereby positively influence the market
E-commerce delivery channel segment is expected to showcase lucrative growth over the forecast period, due to huge product availability and rapid product delivery
North America held the largest revenue share in 2018, due to easy product availability online at a discounted rate. Asia Pacific is expected to emerge as the fastest growing regional market over the forecast period
Some of the major market players include Breg Inc.; Ossur; Otto Bock; Clofex Corporation; McDavid; Tyron; and Mava Sports

Recreational Oxygen Equipment Market Worth $299.8 Million By 2026

The global recreational oxygen equipment market size is expected to reach USD 299.8 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 16.2% over the forecast period. High prevalence of unhealthy lifestyle among a large section of the global population has increased the risk of respiratory disorders such as chronic obstructive pulmonary disease (COPD). This is a major factor driving the need for recreational oxygen equipment. In addition, growing geriatric population, who is prone to numerous health disorders requiring supplemental oxygen, is expected to boost the market.

Consumer oxygen efficiently treats dementia and muscle recovery. Increase in awareness levels pertinent to the benefits of consumer O₂ in the treatment of Obesity Hypoventilation Syndrome (OHS), COPD, dementia, and stress are projected to drive demand in the coming years. In 2015, the total population suffering from dementia was pegged at 47.47 million and is anticipated to rise to 75.63 million by over the next seven years. This represents lucrative opportunities for manufacturers in the field.

Recreational oxygen is also helpful during strenuous physical activities such as mountain climbing, where the altitude makes it difficult to breathe normally. Apart from this, these products have also been utilized in other recreational sports like skiing, hiking, biking, snowboarding, or floating at altitude. Owing to increasing popularity of these sports, demand for portable O₂ devices for recreational use is on the rise. However, low awareness regarding the benefits of these devices in underdeveloped economies is hampering market growth. Key players in the market are focusing on creating awareness among consumers for medical as well as sports use, especially in untapped regions. This will help them establish a strong market presence over the course of the forecast period.

Companies are also investing in developing new, more effective, and innovative equipment to gain a foothold in the market. For instance, Sub Sea Systems installed the world’s first underwater oxygen bar in Cozumel, Mexico in April 2015. This underwater attraction is designed to give customers the experience of being in a 13,000-gallon aquarium to play games and take pictures, all the while breathing in enriched O₂.

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https://www.grandviewresearch.com/industry-analysis/recreational-oxygen-equipment-market

Further key findings from the study suggest:

Portable oxygen concentrators accounted for the largest revenue share by product in 2018. Manufacturers have been focusing on manufacturing compact, stylish portable oxygen concentrators to cater to changing consumer demands. This segment is also expected to exhibit the fastest growth over the forecast period
The athletics segment is expected to witness lucrative growth in the coming years. Professional athletes have been increasingly adopting this equipment owing to availability of portable and user-friendly products
New product launch has been the focus of manufacturers in the market. Key industry participants include Oxygen Plus, Inc.; Boost Oxygen, LLC; Koninklijke Philips N.V.; Chart Industries; and Inogen.

Ingestible Sensors Market Worth $1.99 Billion By 2024

The global ingestible sensors market size is expected to reach USD 1.99 billion by 2024, according to a new report by Grand View Research, Inc. The market is anticipated to register a strong CAGR of 19.1% over the forecast period. Growing need for medical adherence and real-time monitoring of health along with rising prevalence of chronic diseases are some of the factors driving the market growth. Patient compliance is another key factor boosting the usage of ingestible sensors.

Simple procedure, user convenience, and minimal side effects are the factors leading to increased medical adherence by patients of all age groups, thus, driving the market growth. Increasing cases of chronic diseases, such as diabetes, hypertension, and cancer have also led to the market expansion. According to the International Diabetes Federation (IDF), around 642 million people across the world are projected to have diabetes by 2040.

In addition, growing geriatric population is also leading to numerous health issues, which is further raising the incidences of such chronic diseases. With technological advancements, ingestible sensors are growing rapidly in the field of digital medicine. Thus, it is anticipated to grow further in applications like customized drug delivery. However, costly raw materials and techniques for the development and design of this product may impede the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ingestible-sensors-market

Further key findings from the study suggest:

In 2016, temperature sensors led the market owing to their benefits in diagnosing and treating heat-related illness, particularly among athletes
Image sensors are projected to show a significant growth over the forecast period due to their accuracy and clear images for the diagnosis of critical diseases
Sensors held the largest market share in 2016 amongst the component segment due to the advanced and expensive technology used in these devices
Medical segment accounted for the largest market share in 2016 owing to huge scope of application for ingestible sensors in drug delivery and patient monitoring
North America held the largest market revenue in 2016 due to high awareness levels regarding the availability of advanced technologies
Asia Pacific is anticipated to register a significant CAGR over the forecast period on account of increasing geriatric population and prevalence of chronic diseases, especially in the developing countries
Some of the key companies in the market are Proteus Digital Healthcare; CapsoVision Inc.; Given Imaging Ltd; Olympus Corporation; Medimetrics Inc.; HQ Inc.; MC10 Inc.; and Microchips Biotech Inc.

Kids Footwear Market Size Worth $59.2 Billion By 2025

The global kids footwear market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. Growing middle class population, along with rise in the disposable income, is anticipated to boost the growth of the market over the forecast period. The market is driven by use of the trendy and attractive lifestyle footwear, especially for children. In addition, use of the conventional cotton products in manufacturing baby footwear to provide comfort has been driving the sales of the products in the market.

Various design stores, fashion stores, and mass merchandisers have contributed to the sales and offers of the footwear for toddlers in the market. Moreover, the extra space provided for the children wear in the offline and online segments across the industry is anticipated to contribute to the growth over the forecast period. In addition, the children wear section in the shops involve up to 17% of the space and around 16% of the general deals, thereby contributing to the sales in the market.

Kids footwear products in North America are anticipated to ascend due to the rise in the sales of retail child products in the clothing and apparel market. In U.S., the retail sales in apparel stores surpass USD 15 billion on a monthly basis. Moreover, rise in the number of footwear innovations for the women section in the market has likewise been added to the girls wear due to the similar pattern and trending style.

Rising interest in the apparel and footwear products among children due to trendy lifestyle, product innovations, and high disposable income will drive the market in the coming years. Organizations are expanding their geographical reach so as to increase the sales of their products in the market.

The market is recognized by few initiatives such as limited extension, mergers and acquisitions, and online sales and development. Key players in the business include Nike, Inc.; The Children’s Place; Crocs Retail, LLC; Stride Rite; New Balance; Converse; Puma SE; ASICS America Corporation; SKECHERS USA, Inc.; and Adidas AG.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/kids-footwear-market

Further key findings from the report suggest:

In terms of revenue, casual footwear accounted for the largest share of 46.0% in the year 2018
By end user, the boys segment dominated the global market with an overall share of 47.2% in the year 2018
North America dominated the global kids footwear market in 2018, accounting for 34.4% share of the overall revenue. This trend is projected to continue over the next few years
The market in Asia Pacific is anticipated to witness significant growth due to increasing disposable income in countries such as India, South Korea, China, and Japan
The industry is highly competitive in nature with the main players including Nike, Inc.; The Children’s Place; Crocs Retail, LLC; Stride Rite; New Balance; Converse; and Puma SE
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Hydration Backpack Market Size Worth $701.9 Million By 2025

The global hydration backpack market size is anticipated to reach USD 701.9 million by 2025 registering a CAGR of 12.4%, according to a new report by Grand View Research, Inc. Increasing number of hiking enthusiasts, especially in emerging economies, such as India, China, and Brazil, is expected to assist in market growth over the forecast period. Moreover, rising awareness about maintaining a healthy lifestyle has led to increased participation in various outdoor activities, such as cross country running and walking, thereby fueling the product demand.

Sports end user segment accounted for the largest market share in 2018. Various sports associations are spreading awareness about the importance of proper hydration and are advising athletes to use hydration packs, boosting the product adoption. However, the military segment is anticipated to expand at the fastest CAGR of 13.0% owing to the introduction of camouflage fabrics. Specialty store was the leading distribution channel segment in 2018 and will retain the position throughout the forecast years.

Major companies, such as Decathlon S.A. and Lululemon Athletica, Inc., are focusing on enhancing their geographic reach, which, in turn, is expected to drive the segment growth. For instance, Decathlon has around 40 stores in U.K. and plans to open a few more by the end of 2019. Online segment is anticipated to expand at the fastest CAGR of 13.1% over the forecast period. Extensive usage of smartphone and exposure to digital media, especially in developing countries like India and China, is expected to assist in product sales through online channels.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hydration-backpack-market

Further key findings from the study suggest:

North America was the dominant regional market for hydration backpack in 2018 and will expand further at a steady CAGR from 2019 to 2025. The market is driven by the increasing participation in outdoor activities
Asia Pacific is projected to witness the fastest growth over the forecast period due to rising popularity of outdoor activities, such as trekking, cycling, and cross country running, in emerging countries
Moreover, rising number of retail outlets as major companies are focusing on expanding their businesses in APAC due to potential growth opportunities is expected to impel market growth
The global hydration packs market is highly competitive in nature. Some of the key companies are Vista Outdoor Operations LLC; Cascade Designs, Inc.;Samsonite IP Holdings S.A.R.L.; Osprey Packs, Inc.; Deuter Sport GmbH; HydraPak, LLC; Mazama Designs, LLC; Jack Wolfskin; and Columbia Sportswear Company