Monthly Archives: May 2016

Fitness Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023

Global Fitness Equipment Market: Description

Fitness equipment refers to devices used during physical activity to enhance the conditioning effects of a particular exercise by offering adjustable or fixed resistance or by enhancing the experience of an exercise routine. The global fitness equipment market includes a wide range of products and services such as training equipment, wireless health and fitness devices, clothing and footwear, and fitness/training services offered by gyms. Sedentary lifestyles, unhealthy eating habits, and rising prevalence of lifestyle diseases such as obesity and diabetes have fueled the demand for fitness equipment.

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In the global fitness training market, strength-training equipment include weight machines, resistance bands, pull-up bars, flexion machines, and free weights such as kettle bells, dumbbells, and barbells. For fitness enthusiasts, weight loss and cardiovascular workout are the primary concerns. However, many people focus on low-impact workouts to retain flexibility of movement with the least impact on joints. Stationary bikes, elliptical cardio machines, and treadmills are the most common fitness equipment preferred by fitness enthusiasts. In fact, treadmills dominate the physical fitness equipment market owing to rising popularity of in-home gyms.

Global Fitness Equipment Market: Overview

The growing awareness about health and the need for an active lifestyle have boosted the demand from the global fitness equipment market. Various health risks caused due to sedentary lifestyles and the growing prevalence of obesity-related diseases such as coronary diseases and diabetes have further fueled the growth of the market. Awareness campaigns about healthy living and various lifestyle-related diseases have played an important role in the growing demand for fitness equipment. Rise in disposable income across developing countries, availability of affordable training equipment and personal trainers, large-scale modernization, opening of fitness clubs and gyms, and introduction of cost-effective highly-advanced wireless health care technologies have emerged as some of the key drivers positively impacting the growth of the global fitness equipment market.

While physical fitness equipment are more popular among consumers, the introduction of mobile apps and wearable devices is expected to define the future outlook of the global fitness equipment market. People increasingly prefer mobile apps for fitness, health, and weight-loss resolutions as these apps are convenient to use. Wearable devices are also emerging as widely popular fitness equipment as they monitor vital body statistics during exercise.

Global Fitness Equipment Market: Region-wise Outlook

The global fitness equipment market has been segmented into four key regions: Asia Pacific, North America, Europe, and Rest of the World. The U.S. leads the global fitness equipment market owing to the increasing demand for wearable devices and mobile apps and various technological advancements in this field. However, in the coming years, Asia Pacific is expected to be the trend-setter in the market with growing awareness about lifestyle-related diseases across countries such as China and India.

Some of the prominent players in the global fitness equipment market are Body-Solid Inc., Reebok International Ltd., Johnson Health Tech Co. Ltd., Heinz Kettler GmbH & Co. KG, Life Fitness Inc., PowerSport International Limited, Keys Fitness Products L.P., and ICON Health & Fitness Inc. Endomondo ApS, MapMyFitness Inc., Azumio Inc., FitnessKeeper Inc., and Runtastic GmbH are some of the key players developing mobile apps related to fitness. Google, Fitbit, Nike, Neptune Pine, and Reebok are working on wearable technologies for fitness.

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Medical Sensors Market Expected to Reach US$ 18.7 Bn in 2023

Medical Sensors Market

According to a new market research report published by Transparency Market Research “Medical Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023” the global medical sensors market was valued at US$ 10.0 Bn in 2014 and is estimated to reach a market value of US$ 18.7 Bn in 2023 expanding at a CAGR of 7.0% from 2015 to 2023.

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Medical sensors is a device that respond to a physical stimulus (as heat, pressure, sound, magnetism, and a motion) and transmits a resulting impulse to measure operating a control. The global medical sensors market is driven by increasing incidences of chronic diseases such as cancer, cardiovascular, and respiratory. In addition, factors such as aging population and rising customer preference for home health care contribute to the market growth. However, high price of sensors such as SQUID and biosensors is expected to hamper market growth. The global medical sensors market was valued at US$ 10,000 Mn in 2014 and is expected to reach US$ 18,741.3 Mn by 2023, expanding at a CAGR of 7.0% from 2015 to 2023.

The market of Biosensors captured about 47.4% share of market in 2014 and is expected to dominate the market during the study period. Growth of this segment was due to its wide application in health care such as blood glucose monitoring, cholesterol and pregnancy tests, and tests for drug abuse and pathogens causing infectious diseases. The image sensors segment is considered as one of the lowest revenue generating segment in 2014. High cost and low demand for this sensor in emerging economies such as Asia Pacific and Latin America hampers the growth of the segment.

Based on application, the surgical application segment held a share of 35.7% of the total medical sensors market in 2014. The segment is expected to lose its market share in 2023 due to higher growth rate of the monitoring and therapeutic application segments. The monitoring and therapeutic application segment is estimated to expand during the forecast period. High growth rate of this segment is attributed to introduction of new monitoring applications to support better quality of life for patients and higher penetration in developing regions.

Of the global medical sensors market, by end user, the hospital segment accounted for the highest market share in 2014 and is expected to dominate the market during the forecast period. The dominance of the segment is primarily due to high adoption rate of technologically advanced and cost effective innovative products and growing patient preference. Nursing home and home care has witnessed significant acceptance. Hence, the segment is likely to expand at the highest growth rate in the next few years

Geographically, North America accounted for majority of market share of the total medical sensors market. Rising uptake of technological advanced medical sensors by end-users is one of the major factor supporting the market growth. Asia Pacific is estimated to grow at highest growth rate owing to increase in number of people diagnosed with chronic diseases such as diabetes and respiratory disorders is boosting market growth in the region. The market for Latin America and Middle East and North Africa collectively achieved more than 10% share of the global market. Encouraging government initiatives and developing health care infrastructure augmented the growth of medical sensors in these regions.

The global medical sensors market is consolidated in which relatively small number of companies accounted for majority market share. Major players operating in the global medical sensor market are Honeywell International, Measurement Specialties, Danaher Corporation, and NXP Semiconductors and others are some of the key players having presence in the global medical sensors market.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Geriatric Care Services Market: Roaring Success in Some Countries, Limited Growth in Rest

Transparency Market Research has published a new research report that offers a holistic view of the global geriatric care services market. According to the research report, titled “Geriatric Care Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, the market shows a positive growth trend due to several reasons. Research analysts have studied this market using SWOT analysis to highlight the strengths, weaknesses, opportunities, and threats facing the market. Additionally, the research report uses Porter’s five forces analysis to shed light on the threat of new entrants, the threat of substitute products or services, the bargaining power of customers (buyers), the bargaining power of suppliers, and the intensity of competitive rivalry.

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According to the research report, the global geriatric care services market is expected to surge at a CAGR of 5.90% from 2013 to 2019 to reach a figure of US$850 bn by the end of 2019. The global geriatric care services market is expected to grow due to the convenience they offer and the cost-efficient solutions they come with. Furthermore, the lack of nursing home options in developing countries will also fuel the home care services segment in the coming years.

The global geriatric care services market is segmented on the basis of type and geography. The types of geriatric care services in the global market are home care, adult day care, and institutional care. The home care segment is further divided into health care and non-medical care. The health care is inclusive of medical care, telehealth, physiotherapy services, palliative care, and hospice care, whereas the non-medical home care sub-segment includes personal care, meals and grocery, home making, rehabilitation, and others. The adult day care segment is composed of non-medical care and health care. The institutional care segment is sub-segmented into nursing homes, hospital-based, assisted living, and independent senior living. The nursing home sub-segment includes hospice care and palliative care.

Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Of all the regions, North America is expected to dominate the global geriatric care services market in the coming years. This region’s success will be closely followed by Europe.

The research report on the global geriatric care services market offers a complete analysis of the competitive landscape of the market. It profiles some of the key players in this market such as GGNSC Holdings LLC, Amedisys Inc., Brookdale Senior Living Inc., Genesis HealthCare LLC, Home Instead Senior Care Inc., Gentiva Health Services Inc., Senior Care Centers of America, Sunrise Senior Living LLC, Kindred Healthcare Inc., Extendicare Health Services Inc., and Skilled Healthcare Group Inc. The research also shares a comprehensive overview of the global geriatric care services market by sharing details pertaining to the financial overview, research and development activities, business and marketing strategies, and investment outlook of the key companies for the near future.

Full Research Report on Global Geriatric Care Services Market:
http://www.transparencymarketresearch.com/geriatric-care-services-market.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.