Significant Rise in the Prevalence of Chronic Diseases is Driving Asia-Pacific Biologics Market
Published: Jan 2021
Asia-Pacific biologics market is estimated to grow at a CAGR of 9.2% during the forecast period. A significant rise in the prevalence of chronic diseases is reflecting positively on the market growth. An increasing prevalence of chronic diseases such as cancer and autoimmune diseases are some crucial factors accelerating market growth.
Increasing Approvals of Biologics Drugs to Offer an Opportunity for the Global Biologics Market
Published: Jan 2021
The global biologics market is estimated to grow at a CAGR of 8.6% during the forecast period. Increasing approvals of biologics drugs are offering a significant opportunity for market growth. In June 2020, EMD Serono, and Pfizer Inc. declared the approval of the US FDA supplemental Biologics License Application for BAVENCIO (avelumab).
Significant Pipeline Drugs to Offer an Opportunity for the Global Anticoagulants Market
Published: Jan 2021
The global anticoagulants market is estimated to grow at a CAGR of 7.2% during the forecast period. A significant number of pipeline drugs is expected to offer an opportunity for market growth.
Increasing Fitness Conscious Populace and the Arrival of COVID-19 Pandemic Increased the Demand for Home Gym Equipment in the US
Published: Jan 2021
The US home gym equipment market is estimated to exhibit a sturdy CAGR during the forecast period (2020-2026). The sales of home gym equipment have witnessed a recording-breaking surge in the initial months of the COVID-19 pandemic as most of the fitness centers and gyms were closed in compliance with the lockdown regulations.
The COVID-19 Outbreak Resulted in Huge Increase in Demand for Home Gym Equipment in North America
Published: Jan 2021
North American home gym equipment is estimated to display a steady CAGR of 2.8% during the forecast period (2020-2026). The market is expected to grow during the forecast period with increased demand from the customer segment for home gym equipment Although gyms are expected to reopen in various states, it is anticipated that the percentage of consumers joining back will be lower.
Increasing Health and Wellness Products Awareness Coupled with Rising Purchasing Power to Accelerate the Growth of the Indian Home Gym Equipment Market
Published: Jan 2021
The Indian home gym equipment market is estimated to exhibit a steady CAGR during the forecast period (2020-2026). There are several growth opportunities for the home gym equipment category in India. Some of the major ones include increasing awareness for health and wellness products and lifestyle, particularly due to COVID-19, increase in income levels, purchasing power, and consumption of fitness products, investments by international vendors, among more.
The Arrival of COVID-19 Increased the Prevalence of Home Gym Equipment in Europe
Published: Jan 2021
European home gym equipment is estimated to record a healthy CAGR during the forecast period (2020-2026). Europe's home gym equipment market is extremely competitive with the presence of numerous local and global companies. Marketing strategies that rely heavily on product innovation, expansion into various countries, and collaborations with different companies to extend the product range are contributors.
Increased Consciousness Coupled with the Onset of COVID-19 Pandemic to Accelerate the Asia-Pacific Home Gym Equipment Market
Published: Jan 2021
The Asia-Pacific home gym equipment market is estimated to witness a strong CAGR during the forecast period (2020-2026). Market growth is supported by higher competition, reluctance to visit gyms, greater health concerns, and increased consciousness for fitness in the region. Major countries include China, India, and Japan. International vendors are expected to further invest in the region as Asia-Pacific creates opportunities in the market with innovations and lower manufacturing costs.
The Onset of COVID-19 Stimulated the Demand for Home Gym Equipment
Published: Jan 2021
The global home gym equipment market is estimated to record a CAGR of 3.2% during the forecast period (2020-2026). Globally, around 25% of gym memberships are predicted to get canceled by gym-goers due to COVID-19. Around 35-40% of new consumers are first-time buyers and have started exercising at home due to health concerns induced by the COVID-19 scare, which has stimulated the growth of the home gym equipment market.
High Adoption Rate of Online Gaming Among all Generation will Drive the Growth of the US Online Gaming Market
Published: Jan 2021
The US online gaming market is anticipated to grow with a considerable CAGR of 8.1% during the forecast period (2020-2026). The growth of the market across the region is attributed to the high popularity of online games among all age groups as a source of entertainment.