Global Exercise Bike Market Overview 2018, Demand by Regions, Share and Forecast to 2023

The global exercise bike market has witnessed a healthy growth over the past several years. This can be accredited to the rising health issues, growing trend of fitness clubs, product innovations and inflating disposable incomes.

The latest report by IMARC Group, titled “Exercise Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global exercise bike market reached a value of US$ 476 Million in 2017. Exercise bike, also known as exercise bicycle, spinning bike, spin bike, or exercycle, is a stationary device similar to a bicycle and consisting of a saddle, pedals, and some form of handlebars. These bikes are used as an exercise equipment for the purpose of increasing general fitness and training. The recurring cycling motion results in burning fat and exercising the muscles. This low-impact, safe, and effective cardiovascular exercise provided by the exercise bikes has made them highly popular across the globe.

exercise bike market share

Highlights of the global exercise bike market:

  • Increasing health awareness among the consumers remains the key growth inducing factor.
  • Recumbent exercise bikes represent the most popular product type.
  • North America is the leading market, holding the majority of the total share.

The global exercise bike market is driven by the growing number of lifestyle diseases such as obesity, diabetes, hypertension and stress, and the subsequent health consciousness among the consumers. In line with this, rising number of fitness clubs, gyms and health centers have stimulated the demand for exercise bikes globally. Moreover, manufacturers are now working extensively on product innovations, to widen their consumer base. Some of the new technologies include bikes that allow the rider to watch live stream videos on its screen while cycling in the studio, or cycle through different landscapes around the world by virtual reality. Additionally, on account of surging disposable incomes, consumers are now willing to spend more on their fitness and also prefer to own private equipment within the comfort of their homes. Owing to the abovementioned factors, the market is expected to reach a value of US$ 585 Million by 2023, exhibiting a CAGR of 3.5% during 2018-2023.

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The market has been segmented on the basis of product type, including recumbent exercise bikes, upright exercise bikes and others such as indoor bikes, dual action stationary bikes, etc. Amongst these, recumbent exercise bikes represent the most popular product type. Based on applications, the home consumers segment accounts for the largest share, followed by gyms/health clubs. Region-wise, North America represents the leading market, followed by Europe and Asia Pacific. Other regions include Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor and Technogym are the key players operative in the market.

The report by IMARC Group has examined the global exercise bike market on the basis of:

Product Type:

  • Recumbent Exercise Bikes
  • Upright Exercise Bikes
  • Others (Dual Action Stationary Bikes, Indoor Bikes, etc.)

Applications:

  • Home Consumers
  • Gyms/Health Clubs

Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Key Players:

  • Brunswick Corporation
  • Icon Health & Fitness, Inc.
  • Nautilus
  • Precor
  • Technogym

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Global Generic Injectables Market Overview 2018, Demand by Regions, Share, Size and Forecast to 2023

The global generic injectables market has witnessed a healthy growth over the past few years. This can be attributed to the aging population coupled with rapidly increasing cases of chronic diseases and unhealthy lifestyle.

Generic-injectables-market-share

Generic injectables refer to medication which yields the same therapeutic effect as their innovator drugs since they have the similar active ingredients, strength, quality, performance, intended use and dosage. Owing to their low cost, generic injectables have gained popularity in the healthcare sector. Moreover, the number of competitors in the generic injectables market is lower in comparison to oral generics which has resulted in higher profit margins and limited price erosion. A new research report by IMARC Group, titled “Generic Injectables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 26.2 Billion in 2017. The report further anticipates the market to reach US$ 45 Billion by 2023, at a projected CAGR of 9.5% over the forecast period.

Global Generic Injectables Market Drivers/Constraints:

  • The numerous advantages of generic injectables, including low cost, short approval time and low capital investment compared to brand name injectables are catalysing the generic injectables market across the globe.
  • The governments of various countries are supporting the manufacturing of generic injectables as these drugs help to reduce the healthcare costs. This has given an impetus to the market growth.
  • Some of the other factors fuelling the growth of the market are the growing geriatric population, patent expiry of a number of drugs, rising prevalence of chronic diseases and an increase in drug shortages.
  • The negative perception of the consumers towards generic drugs coupled with stringent regulations laid down by the governments are some of the challenges faced by the global generic injectables market.

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Therapeutic Insights:

On the basis of therapeutic area, oncology accounts for the majority of the global share. The rising concerns over cancer coupled with oncology drugs going off-patent is projected to fuel the growth of this segment. Other major therapeutic areas include anaesthesia, cardiovascular, anti-infectives and parenteral nutrition.

Distribution Channel Insights:

Based on distribution channel, the market has been segmented into hospitals and retail pharmacy stores. Amongst these, hospitals represent the leading segment as generic injectables cannot be administered or traded without medical assistance or permission from a certified practitioner.

Regional Insights:

On a geographical front, the market has been segregated into Asia, North America, Europe, Latin America, and Middle East and Africa. Currently, North America represents the leading market on account of an increase in chronic diseases due to sedentary lifestyle and poor eating habits of the population.

Competitive Landscape:

The market is highly concentrated with the presence of a handful of manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Hospira (Pfizer Inc.)
  • Fresenius Kabi Ag
  • Hikma Pharmaceuticals PLC
  • Sandoz (Novartis)
  • Sagent Pharmaceuticals, Inc. (Nichi-Iko Pharmaceutical Co. Ltd.)
  • Sanofi

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Global Anti-Aging Market Overview 2018: Product Types, Region, Growth, Opportunities and Forecast to 2023

The global anti-aging market has been witnessing a positive growth over the past several years. This can be accredited to advancements in technology, a steady rise in aging population and increasing disposable incomes of the consumers.

Anti-Aging

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Aging is brought about by a cycle of various biochemical processes in the body that affect it, both internally and externally. Anti-aging products are designed to reduce or diminish the effects of aging and include powdered supplements, skin creams, and facial masks. A new research report by IMARC Group, titled “Anti-Aging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 46.67 Billion in 2017. The report further anticipates the market to cross US$ 72 Billion by 2023, at a projected CAGR of 7.6% over the forecast period.

Global Anti-Aging Market Scenario:

The market has experienced several technological innovations over the past several years. Efforts have been made to enhance the efficacy and safety of the anti-aging products and procedures. Furthermore, manufacturers have been focussing on aggressive marketing strategies, and brand and product endorsements by celebrities, which are also playing a crucial role in influencing consumers and driving the growth of the anti-aging industry.

Market Drivers/Constraints:

  • As a result of advancement in the field of medicine, the average life-span of an individual has increased as compared to the earlier times. This has led to a rise in the population of people aged 50 years and above, which is significantly contributing to the demand for anti-aging products.
  • With increasing focus on physical appearances, both young and old consumers are seeking out anti-aging and preventive skin and hair care solutions. This trend, coupled with the rising consumer base for quick and effective anti-aging solutions, has boosted the demand for various anti-aging products.
  • Due to technological developments, and introduction of safer and more effective anti-aging cosmetics in the market, the consumer-base of these products has rapidly expanded, thereby facilitating the market growth.
  • The market is restrained by factors such as high costs of research and development, and manufacturing, strict regulations for manufacturers and the presence of counterfeit products.

Product Type Insights:

There are a large number of anti-aging products available in the market for the varying needs of the consumers. Currently, anti-wrinkle products dominate the market, accounting for the majority of the total share. They are followed by anti-pigmentation products, sunscreen products and hair care products.

Demographic Insights:

The anti-aging market has been segmented on the basis of key demographic factors such as age, gender and income group. Currently, people belonging to the age group of 35-55-year account for majority of the total consumption, and the market is dominated by females and people belonging to high-income group.

Industry Insights:

Since most signs of aging like wrinkles, cellulite, pigmentation and sagging, start appearing on the skin first, the anti-aging skin care market currently represents the largest industry, holding more than half of the total share. It is followed by anti-aging hair-care industry and anti-aging dental-care industry.

Devices and Technology Insights:

The major devices used for anti-aging procedures include microdermabrasion devices and aesthetic energy devices, which are further classified into radio frequency devices and ultrasound devices.

Regional Insights:

On a geographical front, the United States accounts for the largest share in the global anti-aging market on account of high consumer awareness regarding anti-aging products. The United States is followed by Japan, France, Brazil, Germany, China, South Korea and Italy.

Competitive Landscape:

There is high internal rivalry in the anti-aging industry. With the presence of prominent domestic as well as international players, it is very difficult for a firm to survive in the global anti-aging market. Some of the leading players operating in the market are:

  • Allergan
  • L’Oréal
  • Beiersdorf
  • Estee Lauder
  • Procter & Gamble
  • Shiseido
  • Unilever

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Indian Sanitary Napkin Market – Growth, Share, Opportunities, Industry Analysis And Forecast 2017 To 2022

The Indian sanitary napkin market has been witnessing a positive growth. This is due to various initiatives taken by NGOs, Government and manufacturers to impart education regarding the feminine hygiene and its benefits.

Sanitary Napkin

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The latest report by IMARC Group, titled “Indian Sanitary Napkin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the Indian sanitary napkin market has reached a value of nearly US$ 414 Million in 2016. Sanitary napkin plays a crucial role in the hygiene and overall health of a woman. It is an absorbent item which is worn inside an undergarment by woman in cases of vaginal surgery recovery, menstruation and post-birth bleeding, etc. The material which is used for the production of sanitary napkin may vary from brand to brand. Sanitary napkin generally comes with or without wings for providing additional protection from leakage.

Highlights of the Indian sanitary napkin market:

  • Rising awareness regarding the feminine hygiene is a major growth-inducing factor.
  • Disposable menstrual pads represent the largest product type.
  • Maharashtra is the leading market, holding the majority of the market share.

The growth of the Indian sanitary napkin market is being majorly driven by a rapid rise in awareness about feminine hygiene. There is also an increase in the number of women in rural areas who are able to afford sanitary napkins at an affordable price. This has, in turn, augmented the demand for sanitary napkins in remote areas. In addition to this, several promotional activities and initiatives have been taken by the Government, NGOs and sanitary napkin manufacturers towards educating women regarding personal hygiene. Another factor which is strengthening the growth of the market is the recent shift towards reusable sanitary napkins owing to the growing environmental concerns. As a result, the Indian sanitary napkin market is further expected to reach a value of around US$ 596 Million, exhibiting a CAGR of more than 6% during 2017-2022.

The market has been segregated on the basis of type as disposable menstrual pads, cloth menstrual pads and biodegradable menstrual pads. Among these disposable menstrual pads exhibit a clear dominance in the market. Based on region, Maharashtra currently accounts for the majority of the total global share. Some of the other major markets include Delhi NCR, Tamil Nadu, Karnataka and Gujarat. The competitive landscape of the market has also been analysed with some of the key players being P&G, Johnson & Johnson, Unicharm and Kimberly-Clark.

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The report by IMARC Group has examined the Indian sanitary napkin market on the basis of:

Type:

  • Disposable menstrual pads
  • Cloth menstrual pads
  • Biodegradable menstrual pads

Region:

  • Maharashtra
  • Delhi NCR
  • Tamil Nadu
  • Karnataka
  • Gujarat

Key Players:

  • P&G
  • Johnson & Johnson
  • Unicharm
  • Kimberly-Clark

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Global Diaper Market Overview 2018, Demand by Regions, Types and Analysis of Key Players

The global diaper market has witnessed a steady progress over the years. This can be accredited to the increasing disposable incomes coupled with the growing population of working women in the emerging economies.

diaper

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Made from absorbent materials such as cloth and synthetic fibres, diapers are used for urination and excretion. Diapers are commonly associated with babies and infants; however, they are also worn by the adults. Adult diapers are used by those suffering from medical conditions, experiencing urinary or faecal incontinence, or those who are limited in their mobility or are bed-ridden. Moreover, it is quintessential to change the diaper after a time span so as to avoid rashes and other skin infections. A new research report by IMARC Group, titled “Diaper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth more than US$ 54 Billion in 2017.The report further anticipates the market to cross US$ 71 Billion by 2023, exhibiting a CAGR of around 5% during 2018-2023.

Market Drivers/Constraints:

  • Growing awareness about health and hygiene among consumers, introduction of advanced technologies, improved diaper materials, investments in promotion and advertising have spurred the global demand for diapers.
  • In addition, a constant growth of women employment rate in the developing nations is contributing to the expansion of diaper market owing to its convenience and travel-friendly nature.
  • Some of the other factors which are fuelling the growth of the global diaper market include increasing urbanisation, affordability, growing online purchase of baby diapers and rising prevalence of urinary incontinence among the geriatric population.
  • However, there are several factors that impede the market growth. Diapers act as a barrier for adequate air-circulation which makes it a perfect ground for bacteria, leading to skin infections.

Product Type Insights:

Based on type, diapers are segmented as baby diaper and adult diaper. Amongst these, baby diaper is classified as disposable diapers, training diapers, cloth diapers, baby swim pants and biodegradable diapers; and adult diaper as pad type, flat type and pant type.

Distribution Channel Insights:

On the basis of distribution channel, pharmacies represent the biggest segment with the majority of the global share. They are followed by convenience stores, online and others.

Regional Insights:

On a geographical front, North America enjoys a leading position in the global diaper market. North America is followed by Europe, Asia Pacific, Latin America and, Middle East and Africa.

Competitive Landscape:

The market is fragmented with the presence of both small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive. Some of the leading players operating in the market are:

  • Kao Corporation
  • Kimberly-Clark Corporation
  • Procter & Gamble Company
  • SCA
  • Unicharm Corporation

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Vision Care Market Overview 2018, Demand by Regions, Share and Forecast to 2023

The global vision care market has witnessed a moderate growth over the past few years. Some of the major driving factors include growing geriatric population, sedentary lifestyle, constant exposure to electronic screens and increasing cases of eye disorders.

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IMARC Group’s latest report, titled “Vision Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global vision care market reached a value of US$ 54 Billion in 2016. Eyes are organs which provide vision to human beings so as to process visual details. Vision is vital for performing daily activities such as reading, watching, writing, playing, etc. Changing lifestyles, increasing pollution, unhealthy eating habits, etc. have resulted in a gradual rise in the number of eye complications such as conjunctivitis, myopia, diabetic retinopathy, astigmatism, macular edema, hyperopia, retinal tears and optic neuritis. This has resulted in the development of vision care products and treatments, over the past few years.

Highlights of the global vision care market:

  • Increasing incidences of eye problems and sedentary lifestyle are the major drivers of the vision care market.
  • On the basis of product type, glass lenses account for the majority of the market share.
  • North America holds for the majority of the global share, representing the largest market.

Expanding geriatric population and a surge in the cases of eye disorders and diseases worldwide are the primary growth-inducing factors for the market. Around 285 million people across the globe are visually impaired, out of which 246 million have low vision as a result of unhealthy diet and lifestyle dominated by constant use of electronic devices such as mobiles, laptops, tablets, computers, etc. Owing to these factors, an upsurge has been witnessed in the growth of the market. Beside this, exposure to airborne dust and other contaminants also affect the vision, thereby, contributing to the growth aspects of the vision care market. Moreover, rising brand consciousness among the consumers coupled with surging income levels have led them to opt for better quality products. According to the report, the market is further expected to reach a value of US$ 66 Billion by 2022, exhibiting a CAGR of more than 3% during 2017-2022.

The market has been segmented on the basis of type, wherein glass lenses account for the majority of the global market share. They are followed by contact lenses, intraocular lenses, contact solutions, lasik equipment and artificial tear. The market is further segregated on the basis of distribution channels into retail stores, online stores, clinics and hospitals. Amongst these, retail stores hold the majority of the total sales. Region-wise, North America represents the leading market, followed by Europe, Asia Pacific, Latin America, and Middle East and Africa. On analysing the competitive landscape of the market, it is found that Johnson & Johnson, Cooper, Valeant Pharmaceuticals, Essilor, and Novartis AG are the key players.

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The report has examined the global vision care market on the basis of:

Product Type:

  • Glass Lenses
  • Contact Lenses
  • Intraocular Lenses
  • Contact Solutions
  • Lasik Equipment
  • Artificial Tear

Distribution Channel:

  • Retail Stores
  • Online Stores
  • Clinics
  • Hospitals

Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Major Manufacturers:

  • Johnson & Johnson
  • Cooper
  • Valeant Pharmaceuticals
  • Essilor
  • Novartis AG

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Cataract Surgical Devices Market 2018: Region Wise Analysis of Top Players in Market By Types and Application

The global cataract surgical devices market has witnessed a steady growth over the years. This can be accredited to the availability of a wide range of modern and innovative ophthalmic devices coupled with an ageing population.

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The latest report by IMARC Group, titled “Cataract Surgical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global cataract surgical devices market reached a value of nearly US$ 7 Billion in 2016. Cataract is an eye disease in which things appear blurry, hazy or less colourful, resulting in cloudy or opaque vision. It can be caused due to ageing, diabetes, smoking, trauma or prolonged exposure to sunlight. Cataract can be removed using certain surgical instruments and devices, such as ophthalmic viscoelastic devices, drapes, gloves, balanced salt solution, forceps, irrigation set, and intraocular lenses. These devices are safe and help in effectively restoring vision to the eye.

Highlights of the global cataract surgical devices market:

  • Rapid increase in the prevalence of ocular disorders is the key factor driving the growth of the market.
  • Intraocular lenses are the most popular product type, holding the largest share.
  • North America represents the largest market, accounting for the majority of the global share.

A rise in the geriatric population worldwide in confluence with growing prevalence of ocular diseases and technological advancements in the healthcare sector represent the major factors influencing the cataract surgical devices market. On the other hand, a lack of awareness among the individuals regarding the benefits of cataract surgeries along with low healthcare insurance coverage impede the growth of the cataract surgical devices market in the emerging regions. However, the governments of numerous countries are introducing healthcare programmes to reduce the burden of cataract-related diseases on the patients, further creating profitable opportunities for the manufacturers. Owing to these factors, the global cataract surgical devices market is further expected to reach a value of around US$ 9 Billion by 2022, exhibiting a CAGR of nearly 4% during 2017-2022.

The market is segmented on the basis of product type into Intraocular Lenses (IOLs), femtosecond laser, Ophthalmic Viscoelastic Devices (OVDs), phacoemulsification equipment and others. Currently, IOLs represent the most popular product type, accounting for the majority of the market share. On the basis of application, the market is segregated in hospitals, eye care clinics, and eye treatment and surgical centres, wherein hospital accounts for the largest share. On a regional basis, North America currently accounts for the largest share. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that the global players are Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec, Alcon Laboratories, Inc., and Essilor.

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The report by IMARC Group has examined the global cataract surgical devices market on the basis of:

Product Type:

  • Intraocular Lenses (IOLs)
  • Femtosecond laser
  • Ophthalmic Viscoelastic Devices (OVDs)
  • Phacoemulsification Equipment

Application:

  • Hospitals
  • Eye Care Clinics
  • Eye Treatment and Surgical Centres

Region:

  •  North America
  •  Europe
  •  Asia Pacific
  •  Latin America
  •  Middle East and Africa

Key Players:

  • Abbott Laboratories
  • Hoya Corporation
  • Carl Zeiss Meditec
  • Alcon Laboratories, Inc
  • Essilor

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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