Global Wearable Medical Devices Market 2020-2024 | Evolving Opportunities with Garmin Ltd. and Apple Inc.

The wearable medical devices market is poised to grow by USD 10.24 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. 

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The market is driven by the increasing prevalence of chronic diseases. In addition, the emergence of innovative wearable medical devices is anticipated to boost the growth of the wearable medical devices market.

The prevalence of chronic conditions such as CVDs, respiratory diseases, diabetes, and cardiac diseases is increasing around the world. Patients suffering from these medical conditions require constant monitoring, which is driving the demand for wearable medical devices. These medical devices offer many benefits such as ease of data transfer, cost-effectiveness, real-time and continuous monitoring, and high patient convenience and comfort. Patients increasingly prefer wearable medical devices to cut down on costs and minimize the burden of hospital visits. Thus, the increasing prevalence of chronic diseases is expected to drive market growth during the forecast period.

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Major Five Wearable Medical Devices Market Companies:

Apple Inc.

Apple Inc. operates the business under various segments such as Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The company offers Apple Watch Series 5, Apple Watch Series 4, and Apple Watch Series 3.

BioTelemetry Inc.

BioTelemetry Inc. offers products through the following business units: Healthcare and Research. The company offers MCOT Patch, MCT 3 Lead (MCT 3L), wEvent, and ePatch.

Demant AS

Demant AS operates under various business segments, namely Hearing Devices, Diagnostic Instruments, and Hearing Implants. The company offers Oticon Xceed, Rechargeable miniRITE T R, Captivate, and Others.

Garmin Ltd.

Garmin Ltd. offers products through the following business segments: Fitness, Outdoor, Auto, Aviation, and Marine. The company offers Venu, vívoactive 4S, vívofit jr. 2, vívosmart 4, and Others.

General Electric Co.

General Electric Co. offers products through the following business segments: Aviation, Power, Oil and gas, Healthcare, Renewable energy, Transportation, Lighting, and Capital. The company offers Novii Wireless Patch System, which is a wearable fetal or maternal monitor.

Global Paints and Coatings Market 2020-2024 | Growing Adoption of UV-Curable Coatings to Boost Growth

The global paints and coatings market size is expected to grow by USD 50.53 billion during the period 2020-2024, according to the latest market research report by Technavio.

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Easier applicability, superior durability, and higher cost-effectiveness of paints and coatings have made them a popular choice among automakers. Waterborne coatings, acrylic and epoxy-based enamels are widely preferred by automotive OEMs since they have longer life span. In addition, the demand for lightweight automobiles has increased in Europe and the Americas. Economies including China, Germany, Japan, and others are also focusing on the adoption of strong, safe, light, and fuel-efficient vehicles. Thus, with the growth of automotive industry, the deployment of paints and coatings in the automotive industry is likely to surge considerably during the forecast period.

As per Technavio, growing adoption of UV-curable coatings will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Paints and Coatings Market: Growing Adoption of UV-curable Coatings

Vendors are engaging in the R&D of UV-curable coatings to offer scratch resistance properties, particularly, to be deployed by automotive OEMs. In addition, regulatory agencies including EPA and China’s Ministry of Environmental Protection have started implementing stringent regulations to address the harmful effects of volatile organic compound products. These regulations are compelling manufacturers to develop UV-curable and waterborne coatings from eco-friendly and natural ingredients. Furthermore, the demand for UV-curable coatings is also likely to surge from the automotive, industrial, general metal, and flooring applications due to their durability, versatility, appearance, and superior weather-resistance. Thus, growing adoption of UV-curable coatings will positively impact the paints and coatings market during the forecast period.

Global Paints and Coatings Market: Segmentation Analysis

This market report segments the global paints and coatings market by resin type (acrylic resins, epoxy resins, alkyd resins, polyurethane resins, and others), technology (water-based, solvent-based, and others), and application (architectural and industrial) and geography (APAC, Europe, MEA, North America, and South America)

APAC led the paints and coatings market share in 2019, followed by Europe, North America, MEA, and South America respectively due to the growth in several industries such as construction, automotive, and aerospace sector in China, India, Japan, and Australia. Furthermore, rising focus on development, rapid industrialization, and flourishing housing and construction will lead the region to contribute the highest incremental growth during the forecast period.

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The global paints and coatings market size is expected to grow by USD 50.53 billion during the period 2020-2024, according to the latest market research report by Technavio.

Request a free sample report

Easier applicability, superior durability, and higher cost-effectiveness of paints and coatings have made them a popular choice among automakers. Waterborne coatings, acrylic and epoxy-based enamels are widely preferred by automotive OEMs since they have longer life span. In addition, the demand for lightweight automobiles has increased in Europe and the Americas. Economies including China, Germany, Japan, and others are also focusing on the adoption of strong, safe, light, and fuel-efficient vehicles. Thus, with the growth of automotive industry, the deployment of paints and coatings in the automotive industry is likely to surge considerably during the forecast period.

As per Technavio, growing adoption of UV-curable coatings will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Paints and Coatings Market: Growing Adoption of UV-curable Coatings

Vendors are engaging in the R&D of UV-curable coatings to offer scratch resistance properties, particularly, to be deployed by automotive OEMs. In addition, regulatory agencies including EPA and China’s Ministry of Environmental Protection have started implementing stringent regulations to address the harmful effects of volatile organic compound products. These regulations are compelling manufacturers to develop UV-curable and waterborne coatings from eco-friendly and natural ingredients. Furthermore, the demand for UV-curable coatings is also likely to surge from the automotive, industrial, general metal, and flooring applications due to their durability, versatility, appearance, and superior weather-resistance. Thus, growing adoption of UV-curable coatings will positively impact the paints and coatings market during the forecast period.

Global Paints and Coatings Market: Segmentation Analysis

This market report segments the global paints and coatings market by resin type (acrylic resins, epoxy resins, alkyd resins, polyurethane resins, and others), technology (water-based, solvent-based, and others), and application (architectural and industrial) and geography (APAC, Europe, MEA, North America, and South America)

APAC led the paints and coatings market share in 2019, followed by Europe, North America, MEA, and South America respectively due to the growth in several industries such as construction, automotive, and aerospace sector in China, India, Japan, and Australia. Furthermore, rising focus on development, rapid industrialization, and flourishing housing and construction will lead the region to contribute the highest incremental growth during the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Video-on-demand (VOD) Market 2019-2023|Rising Adoption of Mobile Computing Devices to Boost Growth

The video-on-demand (VOD) market and it is poised to grow by USD 33 bn during 2019-2023, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is concentrated, and the degree of concentratation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rising adoption of mobile computing devices has been instrumental in driving the growth of the market.

Video-on-demand (VOD) Market 2019-2023: Segmentation

Video-on-demand (VOD) Market is segmented as below:

Business Segment

·         SVOD

·         AVOD

·         TVOD

Geographic segmentation

·         Americas

·         APAC

·         EMEA

Video-on-demand (VOD) Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our video-on-demand (VOD) market report covers the following areas:

·         Video-on-demand (VOD) Market Size

·         Video-on-demand (VOD) Market Trends

·         Video-on-demand (VOD) Market Industry Analysis

This study identifies increase in mobile advertisements as one of the prime reasons driving the video-on-demand (VOD) market growth during the next few years.

Video-on-demand (VOD) Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the video-on-demand (VOD) market, including some of the vendors such as Alphabet, Amazon, AT&T, Hulu and Netflix. Backed with competitive intelligence and benchmarking, our research reports on the video-on-demand (VOD) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Organic Honey Market 2020-2024 | New Product Launches to Boost Growth

The organic honey market and it is poised to grow by USD 611.1 million during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Organic Honey Market. Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Comvita Ltd., Dutch Gold Honey, Langnese Honig GmbH & Co., Little Bee Impex, Madhava Honey Ltd., Manuka Health New Zealand, Nature Nate's, Rowse Honey Ltd., Wedderspoon Organic Inc., and Y.S. Organic Bee Farms are some of the major market participants. The new product launches will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

New product launches have been instrumental in driving the growth of the market.

Organic Honey Market 2020-2024: Segmentation

Organic Honey Market is segmented as below:

·         Distribution channel

·         Offline

·         Online

·         Geographic Landscape

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Organic Honey Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our organic honey market report covers the following areas:

·         Organic Honey Market Size

·         Organic Honey Market Trends

·         Organic Honey Market Analysis

This study identifies the rising import of natural honey as one of the prime reasons driving the organic honey market growth during the next few years.

Analysis on Impact of COVID19-Baby Diapers Market 2020-2024 | Increasing Focus on Steps to Improve Product Features to Boost Growth

The baby diapers market and it is poised to grow by USD 16.94 billion during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on Covid-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Domtar Corp., Essity Aktiebolag (publ), First Quality Enterprises Inc., Hengan International Group Co. Ltd., Kao Corp., Kimberly-Clark Corp., Koninklijke Philips NV, The Procter & Gamble Co., Unicharm Corp., and Unilever Group are some of the major market participants. The increasing focus on steps to improve product features will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing focus on steps to improve product features has been instrumental in driving the growth of the market.

Baby Diapers Market 2020-2024: Segmentation

Baby Diapers Market is segmented as below:

·         Product

o    Disposable

o    Training

o    Swim Pants

o    Others

·         Geography

o    North America

o    APAC

o    South America

o    Europe

o    MEA

Baby Diapers Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our baby diapers market report covers the following areas:

·         Baby Diapers Market size

·         Baby Diapers Market trends

·         Baby Diapers Market industry analysis

This study identifies rising R&D investments by key market competitors as one of the prime reasons driving the baby diapers market growth during the next few years.

Baby Diapers Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the baby diapers market, including some of the vendors such as Domtar Corp., Essity Aktiebolag (publ), First Quality Enterprises Inc., Hengan International Group Co. Ltd., Kao Corp., Kimberly-Clark Corp., Koninklijke Philips NV, The Procter & Gamble Co., Unicharm Corp., and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the baby diapers market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Global Automotive Relay Market 2020-2024 | Increase in Number of Electronic Systems and Safety Equipment to Boost Market Growth

The automotive relay market is expected to grow by USD 3.27 billion during 2020-2024, according to the latest market research report by Technavio. 

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Advancement in technology, innovation, and design, in the automotive industry, has resulted in an increase in the demand for better features, safety devices, and infotainment systems. Moreover, the rise in the number of injuries and deaths from road accidents has induced regulatory bodies across the world to implement regulations mandating the integration of various safety devices in vehicles. Safety devices, such as airbags, power windows, theft protection equipment, defogging systems, and windshield wiping systems, have become essential components of every automobile. Automotive relays play a significant role in the functionality of these safety systems. Thus, the increase in number of electronic systems and safety equipment will drive the growth of the market.

As per Technavio, the development of smart relays will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Automotive Relay Market : Development of Smart Relays

The constantly changing demand and expectations of customers are driving the automotive market to innovate and develop new products. As a result, the market has witnessed the development of intelligent relays that perform many tasks in a single timeframe and eliminate the need for multiple relays, timers, and push-buttons. The intelligent/smart relay can support around 12 to 320 inputs, making it more efficient and effective. The intelligent vehicles are equipped with small, powerful, and easy-to-program intelligent relays. The relays are freely configurable, programmable, and help to enable various applications in a single vehicle. The intelligent relays are programmed before installation, which ensures that all the integrated relays are tested for their reliability, durability, and consistency. The development of smart relays is expected to drive the growth of the market during the forecast period.

Automotive Relay Market: Segmentation Analysis

This market research report segments the automotive relay market by product (PCB relays and plug-in relays), and geography (North America, APAC, Europe, South America and MEA).

The APAC region led the automotive relay market in 2019, followed by Europe, North America, MEA and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to as the increase in sales of PVs and medium and heavy commercial vehicles.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report