U.S. Advanced Wound Care Market Size Worth $3.4 Billion By 2026

The U.S. advanced wound care market has witnessed substantial growth in recent years, aided by the expanding healthcare infrastructure in the region, government support and initiatives through a number of programs, and the presence of major players in the region.

The U.S. advanced wound care market is projected to be worth USD 3.42 billion by the year 2026, advancing at a CAGR of 4.2% over the forecast period, as per a study by Grand View Research, Inc. The primary factor for the industry growth is the continued rise in the number of surgeries in the country, coupled with the high number of incidences of chronic wounds in the region. Wound care products can be broadly classified into traditional and advanced, the major difference being that the former is used to treat simple wounds, while the latter finds use in complex wound cases. Some of the common advanced wound care products include hydrocolloids, hydrogels, film and foam dressings, and alginates. Increasing incidences of surgeries have also helped in positively shaping the advanced wound care industry in the region.

Recent years have witnessed a rise in the number of surgical procedures in the U.S., with data from 2014 estimating that around 51.4 million surgeries were performed in the region. Rising prevalence of chronic diseases, such as cancer, diabetes, and autoimmune diseases, is one of the key factors leading to an increase in the number of surgeries being performed in the country. As per data offered by the CDC in 2020, around 34.2 million people, amounting to 10.5% of the country’s population, are suffering from diabetes. Diabetes leads to slower healing of wounds, which can cause infections and risky health issues; advanced wound care products are used to address this issue, thus driving market growth. Additionally, there has been a continued growth in the incidences of infectious and non-communicable diseases, caused majorly by an unhealthy lifestyle pattern followed by a large population, coupled with a rise in the number of food-borne diseases. On the whole, wound care treatment accounts for a significant proportion of the nation’s healthcare expenditure.

The advanced wound care market in the United States can be broadly classified on the basis of product, end-use, and application. Advanced wound care products comprise a wide variety of treatments and dressings involving hydrocolloid, hydrogel, alginate, collagen, and film and foam dressings, among others. Major end-use segments include hospitals, home care, and specialty clinics, among others. Application areas for advanced wound care products cover chronic wounds (diabetic foot ulcers, pressure ulcers, and venous leg ulcers, among others) and acute wounds (burns, and surgical & traumatic wounds). The United States has a large number of domestic players competing for market dominance, with some notable names being Smith & Nephew, Mölnlycke Health Care AB, Acelity (KCI Licensing, Inc.), ConvaTec Group PLC, and Baxter, among other regional competitors.

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U.S. Advanced Wound Care Market Report Highlights

Wound care is a significant part of the healthcare infrastructure in the US, with a retrospective analysis of Medicare beneficiaries in 2018 finding that around 8.2 million people in the country had wounds, with or without infections
The estimates for Medicare costs involving chronic and acute wound treatments ranged from USD 28.1 billion to USD 96.8 billion, with surgical wounds and diabetic foot ulcers accounting for a significant portion of the spending
Type II diabetes is the most common type of diabetes, affecting 90% of the diabetic population. Diabetic foot ulcer, a common complication of diabetes, typically requires surgical intervention to prevent foot amputation
Cancer is a major cause for the presence of malignant or cancerous ulcers in a patient, which in many cases require appropriate dressings in order to treat them; this is a major factor driving growth of the advanced wound care industry
In terms of revenue, foam dressing segment held the largest share in 2018 owing to the rising incidence of chronic wounds in the region; these wounds affect 5.7 million patients in the country, accruing annual costs of around USD 20 billion
In the application segment, the chronic wound segment is expected to witness the fastest growth rate over the forecast period owing to the rising incidence of diabetes in the U.S.
Home healthcare segment is expected to witness fastest growth over the forecast period, as many surgeries require an elongated period of healing time, making the home setting a promising avenue for market players in the coming years
The global COVID-19 pandemic led to a drastic reduction in the number of physical visits for patients requiring wound care, with the US healthcare setup under huge stress owing to the exponential increase in coronavirus admissions
Home healthcare and telemedicine have been touted as effective measures to manage wound infections during the pandemic, with the system expected to witness wider application in the near future, thus driving market growth for advanced wound care
Major industry players have implemented strategies such as mergers and acquisitions, as well as new product launches, in order to garner higher market share
For instance, in January 2020, ConvaTec announced the release of ConvaMax superabsorber dressing to manage highly exuding wounds such as diabetic foot ulcers, leg ulcers, and pressure ulcers
In October 2019, 3M completed the acquisition of Acelity, Inc. along with its KCI subsidiaries globally, thus expanding their presence in advanced and surgical wound care areas

Enzymatic Wound Debridement Market Size Worth $1.10 Billion By 2026

According to a recent report published by Grand View Research Inc.,product approval initiativesis likely to accelerate market expansion.

According to a report, “Enzymatic Wound Debridement Market Size, Share, & Trend Analysis Report By Product (Papain Product, Collagenase Product), By End Use (Hospitals, Homecare), And Segment Forecasts, 2019 – 2026”, published by Grand View Research, Inc. The global enzymatic wound debridement market size is expected to reach USD 1.10 billion by 2026, registering a CAGR of 5.8%, as per a new report by Grand View Research Inc.The increasing incidence of chronic diseases and the introduction of technologically advanced products are factoring the enzymatic wound debridement market growth.

Researchers and industry players have undertaken several initiatives for developing technologically advanced products. Collagenase-based enzymatic wound debridement products are majorly used for chronic & acute wounds treatment. Such products are gaining acceptance and has fueled the introduction of several technologically advanced products are being introduced in the market. For instance, NexoBrid (NXB), previously referred to as Debriding Gel Dressing (DGD)—which is derived from pineapple Bromelain group of enzymes-was introduced in 2017. NXB is an enzymatic wound debriding drug that can be effectively used in treating deep burn wounds.

New products are receiving government approvals for further commercialization. For instance, in May 2019, Vericel Corporation entered into a supply agreement and exclusive license with Medi Wound Ltd. to capitalize their product called Nexo Bridin North America. The Nexo Bridreceived approval in the U.S., European Union, and other international markets.

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Enzymatic Wound Debridement Market Report Highlights

According to the WHO, an estimated 180 000 deaths occur every year due to severe burns in middle- and low-income countries and 30,000 people suffer new burns globally, some are severe enough to warrant immediate medical attention. Increasing number of accidents has resulted in a considerable growth of the market products
Market giants have entered into strategic alliances to enhance product innovation capabilities and stay ahead of the market competition. In June 2019, MediWound launched EscharEx® under the U.S. Clinical Development Program as the company’s topical biological drug candidate for hard-to-heal wounds. The company followed the pre-defined interim assessment of enzymatic and autolytic debridement to ensure the efficacy, safety, and clinical benefit of EscharEx
The acute wounds segmentaccounted for the highest revenue share in 2018. They include lacerations, burns abrasions, incisions, puncture wounds, etc. and is driven by the increasing number of burn injuries worldwide
Collagenase-based enzymatic wound debridement product segment dominated the market in 2018. Collagenase-based creams, ointments, and gels are widely used for debridement of necrotic tissue from pressure ulcers, venous leg ulcers, burn wounds, and partial-thickness burns
North America led the global market in 2018 due to rise in sports-related injuries and road accidents

Smart Mattress Market Size Worth $2.1 Billion By 2025

According to a recent report published by Grand View Research Inc., the rise in popularity of smart homes, availability of high-speed internet and rising concerns driven by sleep disorders is expected to drive the market growth for smart mattresses.

According to a report, “Smart Mattress Market Size, Share & Trends Analysis Report By Product (Innerspring, Latex, Memory Foam), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 – 2025”, the global market size is expected to reach USD 2.1 billion by 2025, registering a CAGR of 10.6%. Growth in millennial population, spending on SMART products, and availability of technology backed products are likely to impel the market growth in the forecast period.

Smart mattresses are designed to augment the amount of quality sleep and empower human health with good sleeping habits. A smart mattresses is highly equipped with digital technology that tracks and sends data about the amount of sleep a person is getting. Commercially, the growing penetration of smartphone devices and easy availability of internet, empowers, connected device technology is likely to encourage a huge market development. Also, there are various features and benefits associated upon using the smart mattress. For instance, innersprings accounted for a significant share in the past few years. On this backdrop, Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers.

Additionally, the growing concerns for back problems in the young population driven by incorrect sleeping postures are some of the key factors boosting the market growth. Also, continuous evolution in technology and high consumer awareness are adding to the market growth in the forecast period.

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Smart Mattress Market Report Highlights

North America held the largest smart mattress market share in the previous years and is expected to continue dominating in terms of revenue share. It is also driven by the presence of key players.
Innerspring accounted for a significant share of the total revenue in 2019, and is projected to exhibit a significant increase in the next few years. High demand and popularity of the product are some of the major growth factors.
The key players are constantly adopting R&D approach and investing heavily in the R&D initiatives to offer smart solution to overcome sleep disorders such as insomnia and sleep apnea
Availability of internet technologies and connected devices are likely to encourage the market growth in the coming years.

Luxury Watch Market Size Worth $9.3 Billion By 2025

According to a report published by Grand View Research, a key factor driving the demand is an increasing trend of using luxury watches, along with limited edition watches with numerous styles as a status symbol among adults.

According to a report, “Luxury Watch Market Size, Share & Trends Analysis Report By Product (Mechanical, Electronic), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 – 2025” published by Grand View Research, Inc., the global luxury watch market size is expected to reach USD 9.3 billion by 2025, expanding at a CAGR of 4.3% over the forecast period. Increasing consumer preference to purchase luxury watches as a style statement is expected to have a strong impact on the market growth. Furthermore, the increasing importance of e-commerce portals including Amazon and Flipkart as a selling medium for providing access to limited edition watches is projected to expand the industry size over the next few years.

An increasing number of aristocratic women in Western European countries including Germany, France, and the U.K. who wear intricate watches on the wrist is expected to remain a prominent trend. Furthermore, new product launches in Unisex collection by companies including Rolex, Cartier, and Tag Heuer are projected to expand the buyer reach over the next few years.

Mechanical products accounted for the largest share of more than 75.0% in 2018. Excellent durability due to the presence of Titanium ceramic coatings and PVD coatings in mechanical watches is expected to maintain its lead in the near future.

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Luxury Watch Market Report Highlights

On the basis of product, in 2018, the mechanical product segment accounted for more than 75% of the market share. A significant population of the business class tends to purchase this product as it can be used as a status symbol.
The electrical products segmentis expected to expand at the fastest CAGR of 4.7% from 2019 to 2025. The companies are expanding their product line on smartwatches fitted out with advanced functionality such as heart rate monitor, GPS capabilities, and multisport tracking.
On the basis of the distribution channel, the online channel is expected to witness a CAGR of 6.5% during the forecast period. The growth can be attributed to the several customer-centric services such as value-added offerings, cash on delivery, convenient refund policy, and integrated and centralized customer services.
The offline category accounted for more than 85.0% share of the global revenue in 2018. The major factor contributing to the growth of this segment is the growing consumer preference for purchasing high-end products from retail stores.
The Asia Pacific is expected to be the largest regional luxury watch market over the next few years. Expansion of middle-class income groups in emerging economies including China, India, and Vietnam on account of urbanization and the increasing number of commercial set-ups is expected to promote the use of luxury watches over the forecast period.

RANGE HOOD MARKET TO REFLECT TREMENDOUS GROWTH POTENTIAL WITH A CAGR OF 4.3% BY 2025

According to a recent report published by Grand View Research Inc., extensive usage of IoT devices and smart features in range hood devices, along with a rising number of food chains and hotels is accelerating the range hood market expansion.

According to a report, “Range Hood Market Size, Share & Trends Analysis Report By Product Type (Under Cabinet, Wall-mounted, Ceiling Mount), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global range hood market size is expected to reach USD 13.82 billion by 2025, registering a CAGR of 4.3%, as per a new report by Grand View Research Inc. Manufacturers are focusing on developing innovative devices according to consumer preference for smart features, including wireless connectivity, noise reduction, and installation of the optic, temperature, and infrared sensors, in the products.

Stringent regulations by governments to drive hygiene and cleanliness in commercial kitchens is augmenting the demand for market products over the forecast period. For instance, in India, Serve Safe, a nationwide initiative by the Food Safety and Standards Authority of India, ensures the safety of food. Also, the under cabinet hood product type segment has experienced substantial growth in 2018 and this can be attributed to its easy installation, affordability, and compatibility with different kitchen designs.

Ceiling hoods are expected to gain enormous traction during the forecast period, on account of the growing number of kitchen remodeling activities. The offline distribution channel segment dominated the global range hood market in 2018. However, the increasing usage of smart devices, such as mobile phones and tablets, coupled with the popularity of e-commerce platforms are expected to drive the online segment.

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Range Hood Market Report Highlights

Byproducts of cooking gas is often associated with aggravated asthma in kids. This has drawn greater importance of sufficient ventilation and modern kitchens are equipped with range hood to exhaust the PM2.5 particles and nitrogen dioxide
Developed countries like the U.S. and Australia have showcased enormous market demand. For instance, in Australia people use high-efficiency range hoods has reduced the threat of childhood asthma caused due to gas byproducts from 12.8% to 3.4%
Covid-19 pandemic has increased the importance of indoor ventilation to avoid any respiratory ailments that may lead to dispersing viral particles and ensure better hygiene. Efforts to minimize the spread of Covid-19 has fueled the market demand
Companies in the cooking hood industry are focusing on developing innovative cooking technologies and products with enhanced aesthetic features such as multiple insulation layers, sound absorbing base, and filtration system motors.
Ongoing R&D in Artificial Intelligence (AI) and IoT technology is disrupting the market trends. In 2018 Zephyr introduced Titan wall professional range hood equipped with PowerWave™ blower technology that delivered advanced features such as power efficiency and a virtually silent motor
Ceiling mount hood product type segment is anticipated to register the highest CAGR of 4.8% by 2025, owing to its enormous demand from kitchen appliances industry and the rising number of residential infrastructures globally
Asia Pacific is estimated to showcase the highest CAGR of 5.0% by 2025 owing to the rising per capita household income, particularly in developing countries like India and China. Also, there is an increasing number of hotels and restaurants that are integrating kitchen cooking hoods and is boosting the market demand

Range Hood Market Segmentation

Grand View Research has segmented the global range hood market on the basis of product type, distribution channel, and region:

Range Hood Product Type Outlook (Revenue, USD Million, 2015 – 2025)

Under Cabinet
Wall Mounted
Ceiling Mount
Others

Range Hood Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

Offline
Online

Range Hood Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America
- U.S.
Europe
- Germany
- U.K.
Asia Pacific
- China
- India
Central & South America
- Brazil
Middle East & Africa
- South Africa

List of Key Players of Range Hood Market

Asko Appliances
Broan, Inc.
BSH Home Appliances Corp.
Elica S.p.A.
Faber S.p.A.
Falmec S.p.A.
Miele, Inc.
Panasonic Corp.
Samsung Electronics
Whirlpool Corp.

Probiotic Cosmetic Products Market Size Worth $418.1 Million By 2027

The global probiotic cosmetic products market size is anticipated to reach USD 418.1 million by 2027 according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% from 2020 to 2027. Growing awareness regarding the importance of maintaining a daily skincare routine is among the key factors driving the market. Rising awareness about microbiome-based cosmetics to cure skin-related issues, such as acne, scars, skin cancer, and bad bacteria, is also projected to boost market growth. Product launches in probiotic cosmetic products by key players, and guidance by industry experts bode well with the market demand.

According to Google reports 2019, approximately 1.9 billion people suffered from skin-related issues that year due to lack of proper skincare and dermatologist’s guidance. The demand for probiotic cosmetic products is increasing among millennials to avoid the signs of aging. Companies have been launching new products to gain a higher market share. For instance, in March 2019, Laboratoire Synbionyme- a probiotic skincare brand debuted its product offering in the U.S. for the first time. The brand offers a formulation consisting of prebiotic and probiotic extracts providing good dermal health.

The product range consists of Universal Serum, Radiance Moisturizing Gel-Cream, 24-Hour Moisturizing Cream, Enzymatic Clarifying Lotion, and Progena Lift Cream. However, due to the Covid19 pandemic, the market witnessed sluggish growth. Probiotic skincare brands have been focusing on supply-side and engagement on e-commerce platforms. Customer discount programs, such as special at-home skincare kits and membership plans, have been prominent factors to build user engagement on the company websites and other e-commerce platforms amid the pandemic. Hypermarket & supermarket distribution channels dominated the market in 2019.

Retailers, such as Ulta, Sephora, Walmart, Target, and Beauty Corner, are contributing to the segment growth by offering probiotic cosmetic products. For instance, in August 2019, Mother Dirt launched its product portfolio in collaboration with a luxury retailer, Harvey Nichols, in the U.K. and Ireland. E-commerce distribution channel is expected to witness the fastest growth over the forecast period. The rising popularity of e-commerce and third-party e-retailers, such as Amazon, Nykaa, and Sephora, among the manufacturers is driving the product sale through these channels. Increasing online shelf space in probiotic skincare, makeup category, and corresponding offers bode well with segment growth.

North America was the dominant regional market in 2019 and will expand further at a steady CAGR from 2020 to 2027. Rising awareness about the benefits of microbiome-based cosmetics is the key driving factor for the region’s growth. Moreover, key companies in the region are focusing on R&D and new product launches to fulfill the changing consumer demands. For instance, in September 2019, Dr. Raymond Labs, a K-beauty company providing clinically-approved skincare routines, launched Curecode, which includes Neuromide–synthesized bio-identical compound, found naturally in the human body, produced by the microbiome.

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https://www.grandviewresearch.com/industry-analysis/probiotic-cosmetic-products-market

Further key findings from the study suggest:

The global market is expected to progress at a compounded annual growth rate (CAGR) of 6.5% from 2020 to 2027
The skin care segment is expected to account for the highest revenue share by 2027. However, hair care is estimated to be the fastest-growing segment from 2020 to 2027
E-commerce is projected to emerge as the fastest-growing distribution channel segment from 2020 to 2027. Easy availability of probiotic cosmetic products, free delivery, and seasonal discounts on e-retailer platforms are the major factors driving the segment growth
Asia Pacific is expected to be the fastest-growing regional market from 2020 to 2027. Growing awareness regarding skin and personal care routine and changing lifestyle are the key factors boosting the market

Men’s Personal Care Market Worth $75.8 Billion By 2027

The global men’s personal care market size is anticipated to reach USD 75.8 billion by 2027 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2020 to 2027. Growing popularity among men for daily skincare routine coupled with rising awareness in respect to personal grooming and hygiene is the key factor driving the market. Availability of a wide range of skincare routine products by key players and guidance by industry experts is driving the market.

Millennial men nowadays are becoming more conscious of their physical appearance and looks and are willing to experience innovative products that are proven to work for skin nourishment. Prominent players in the beauty and cosmetics market have been collaborating and launching innovative products specifically designed for men. For instance, in September 2018 Loreal China partnered with Tmall to gain traction of millennial men. This partnership is bound to provide insights from Alibaba’s 600 million users for the product development process and further launching innovative products in the men’s personal care category.

Most of the companies in the market have been relying on social media platforms including YouTube, Instagram, and Facebook to promote their products as one of the prominent strategies to pique consumer interest. Besides, launching the product on their official website, the companies use popular social media influencer or celebrities who usually have millions of followers as marketing media to build their brand awareness among the consumers. For instance, Loreal Paris in February 2017 changes its slogan ‘Because you’re worth it’ to ‘We are all worth it’ with respect to catering to a more diverse and inclusive audience. In the following year, the brand for the first time featured a male model- Gary Thompson blogger and makeup artist in a cosmetics campaign for its True Match Foundation campaign.

The market has witnessed a decline in the wake of the COVID-19 pandemic because of the discretionary spending and behavioral shift towards health and hygiene products. Brands have been strengthening the e-commerce platforms by improving their supply chains. Customer discount programs such as No-shave November offers have been a prominent factor to build user engagement on the company website and other e-commerce platforms amid this pandemic.

The hypermarket and supermarket distribution channel dominated the market and accounted for over 45.6% share of global revenue in 2019. Retailers such as Ulta, Sephora, Walmart, Target, and Beauty Corner are contributing to segment growth by launching men’s counter catering to men’s personal care products. For instance, in 2018 Ulta salon launched an in-store men’s boutique, which will feature products from prominent retailers such as Procter and Gamble- grooming products.

The E-commerce distribution channel is expected to witness the fastest growth rate over the forecast period. The rising popularity of e-commerce and third-party e-retailers such as Amazon, Nykaa, and Sephora among the manufactures has been driving the sale through this channel. Increasing online shelf space in men’s personal care category and corresponding offers bode well with segment growth. For instance, in August 2017, the Nivea brand launched its website exclusive for men called Groom Room providing products for men’s personal care needs and numerous blogs describing daily care routines and personal care regimes for men.

North America dominated the market and accounted for over 29.2% share of global revenue in 2019. Growing consciousness, personal care routine, and use of natural and organically sourced products that are free from chemicals and are nontoxic in nature are the key driving factor for the growth of the market in the region. In addition, the growing adoption of business strategies such as mergers and acquisitions among the key players is propelling market growth. For instance, In November 2019, Estée Lauder Companies announced an agreement to acquire men’s grooming brand Do The Right. This deal would strengthen and help to expand The Estee Lauder Companies’ leadership position in countries such as South Korea and the U.K.

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Further key findings from the study suggest:

The personal grooming segment is expected to emerge as the fastest-growing product segment with a CAGR of 6.3% during the forecast period. Products such as shaving cream, serum, beard grooming kits, and travel packs offered by mid-range and premium brands are likely to boost segment growth
E-commerce distribution channel emerged as the fastest distribution channel in 2019 and is expected to retain its pole position throughout the forecast period. The increasing availability of a wide number of men’s personal care products, free delivery, and seasonal discount on the e-retailer platform are among the major reasons driving the segment
In Asia Pacific, the market is expected to witness a CAGR of 6.4% from 2020 to 2027. Growing awareness pertaining to skin wellness and personal care routine with a shift in the lifestyle are some of the factors boosting the market in the region

Honey Powder Market Size Worth $1.56 Billion By 2025

The global honey powder market size is expected to reach USD 1.56 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.1% during the forecast period. Rising demand for low-calorie food ingredients with long shelf life is anticipated to drive the market.

The bakery segment accounted for the largest market share in 2018, owing to honey powder being a natural sweetener and available at low cost. Moreover, honey is naturally a low-calorie food ingredient and contains many vitamins and minerals. This makes it a great substitute for white sugar. Increasing consumer preference for low-calorie foods to combat diseases like obesity, diabetes, and heart ailments is likely to boost the product demand.

Beauty products segment is anticipated to witness the fastest growth in terms of application of honey powder in near future. Honey in its raw form acts a natural skin cleanser and softener leaving the skin fresh and glowing. These properties are retained in honey powder used in the formulation of soaps, facial masks, and body lotions. Major manufacturers are focusing on various other benefits of honey that can boost the overall production and consumption of the product.

North America held the major market share in terms of revenue in 2018, due to increasing consumer preference for low calorie products. The region accounted for more than half of the global consumption of honey powder. The population in North America is increasingly becoming health conscious and shifting its preference to low-calorie food ingredients to curb obesity and heart ailments. Honey powder being a low-cost alternative to white sugar, has increased the regional demand. Asia Pacific, on the other hand, is expected to expand at a CAGR of 5.9% over the forecast period, due to growing awareness about the benefits of honey. Moreover, many developing countries like China and India are major producers of honey. Increase in production of honey is expected to augment the regional growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/honey-powder-market

Further key findings from the report suggest:

In terms of revenue,beauty products application segment is projected to ascend at a CAGR of 5.0% over the forecast years
Bakery application held the leading market share in 2018, due to increasing use of honey powder in making cakes and pastries
United States is one of the major consumers of honey powder in the world and the region is projected to hold a significant market share in the forthcoming years
United States, Germany, and Japan were the major importers of the product. New Zealand, Argentina, China, and India topped the list of exporters in the global honey powder market

Sports Protective Equipment Market Size Worth $12.1 Billion By 2025

The global sports protective equipment market size is expected to reach USD 12.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.4% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities in schools and colleges.

Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports protective gears over the forecast period. Moreover, increasing number of sports leagues and outlets is expected to provide growth opportunities for the market in the coming years. In addition, sports clubs are raising awareness among people by conducting events at various places across the world, which will have a positive impact on the sports protective equipment market growth.

For instance, since 2007, the National Football League (NFL), one of the most popular sporting leagues in U.S., has organized several events in London to increase awareness regarding American football. In 2017, NFL organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the head and headgear product segment dominated the market and is expected to maintain its lead over the forecast period. The growth is attributed to increasing awareness regarding head injuries. For instance, Phillip Joel Hughes was an Australian Test and One Day International (ODI) cricketer who played domestic cricket for South Australia and Worcestershire, died during the match due to head injury, which has created awareness among the young enthusiastic players. Leg protection gears are expected to register the highest CAGR of 5.6% from 2019 to 2025. The segment growth is attributed to increase in the number of participants in individual sports, such as mixed martial arts, cycling, boxing, and skating.

North America was the largest regional market in 2018. U.S. was the major revenue contributor in North America. Increasing popularity of football, field hockey, and ice hockey is anticipated to drive the regional market over the forecast period. Asia Pacific is expected to expand at the fastest CAGR of 6.7% over the forecast period. Increasing number of sports equipment outlets in India and China and rising wealth and health awareness in the region is expected to have a positive impact on the market growth.

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Further key findings from the study suggest:

By product, leg protection gear is projected to expand at the fastest CAGR of 5.6% over the forecast period. Head and headgear was valued at USD 2.8 billion in 2018 and is projected to witness significant growth in the next few years
The offline distribution channel segment dominated the global market in 2018 with 92.0% share of the overall revenue
North America dominated the global market in 2018 and accounted for 40.0% share in terms of revenue. This trend is projected to continue over the next few years
Growing popularity of field sports at the national and international levels is expected to drive the market over the forecast period
The industry is highly competitive due to presence of main players including Nike, Inc.; Adidas Group; MIZUNO Corporation; Shock Doctor, Inc.; BRG Sports; Amer Sports; Xenith, LLC; WARRIOR SPORTS; FRANKLIN SPORTS INC.; and Alpinestars S.p.A.
Various manufacturers are concentrating on new product launches and product innovation in order to expand their consumer base.

Commercial Helicopter Market Worth $6.9 Billion By 2025

The global commercial helicopter market size is expected to reach USD 6.92 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Factors such as the growth in oil and gas exploration activities and rising demand for air ambulances in medical evacuation are expected to drive the market. Increasing popularity of rotorcraft for commercial applications in the countries from Middle East and Asia Pacific coupled with its success in western countries, is anticipated the further propel the growth.

Noticeable rise in the purchase of new helicopters for tourism, training, law enforcement, and firefighting applications, particularly as a result of the continued replacement of older fleets and the widening application base is expected to bode well for the market growth. In the transportation domain, the demand for luxurious and customized helicopters is increasing at a rapid pace. The popularity of personalized chartered helicopters is expected to increase in line with the growing preference for enhanced comfort and luxury among the high-end business travelers.

Rising demand for fuel-efficient rotorcraft, expiring warranties, and changes in operational requirements are some of the key factors anticipated to drive the demand for new helicopters over the forecast period. Commercial fleet operators purchase new helicopters based on various parameters, such as performance, range, cabin size, technology upgrades, and brand experience. Rapid infrastructural development and airline deregulation in emerging countries across the world is expected to offer immense opportunity for the sale of rotorcraft.

The North America commercial helicopter market is anticipated to experience substantial growth during the forecast period owing to the rising demand for rotorcraft in oil and gas and renewable energy industries. The market in Asia Pacific was valued at more than a billion dollar in 2018 and is projected to expand at a CAGR of approximately 6% over the forecast period. Countries, such as India and China, are expected to emerge as some of the fastest-growing markets due to the relaxation of airspace regulations and growth in the regional aviation sector.

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https://www.grandviewresearch.com/industry-analysis/commercial-helicopters-market

Further key findings from the report suggest:

Increasing demand for advanced rotorcraft for law enforcement, public safety, and other parapublic applications is expected to offer numerous opportunities for market growth
Rising adoption of stringent regulatory policies regarding emissions and noise pollution in developed economies, such as U.S., is encouraging manufacturers to develop low-noise and environmentally friendly rotorcraft
Key manufacturers are expected to reduce their delivery and production rates to support secondary markets; manufacturing aircrafts that are easier to re-configure for various applications
Middle East and Africa is emerging as a new frontier for the global market as the regional governments are increasingly seeking replacement of older fleet with advanced rotorcraft
The R&D activities are expected to create significant growth opportunities for the companies specializing in the development of advanced rotorcraft, such as optionally-piloted rotorcraft, tilt rotorcraft, and the ones with co-axial rotors