Why APAC region will dominate the global robotic vacuum cleaner market till 2021

Robotic Vacuum Cleaner Market Strategic Assessment and Forecast Till 2021

 A recent study on “Global Robotic Vacuum Cleaner Market” says that in 2015, APAC was the largest segment of the global robotic vacuum cleaner market. APAC is witnessing rapid urbanization among all other geographies. The rapid urbanization in developing countries of APAC is likely to boost the demand for new residential complexes, which is expected to drive demand for robotic vacuum cleaners in the market.  Countries such as China, Japan, South Korea and Australia are going to witness huge demand for robotic vacuum cleaner. For instance, the demand for robotic vacuum cleaners in Japan witnessed a surge by 12.6% in 2015 from 2014 against the demand for traditional vacuum cleaners.  Study says that APAC region will continue to dominate the global robotic vacuum cleaner market till 2021.

China has emerged as one of the largest markets for robotic vacuum cleaners

 China offers a huge growth opportunity for the global robotic vacuum cleaner market. The market in China is fuelled by the commoditization of various low-cost brands of robotic vacuum cleaners offered by local Chinese vendors. ECOVACS Electrical was the market leader in china. Major vendors such as iRobot are focusing on the Chinese market as it presents a huge potential for revenue and volume growth for robotic vacuum cleaners.

Japan is the second largest market for robotic vacuum cleaners in APAC

Japan is the second largest market for robotic vacuum cleaners in APAC. The Japanese are tech-savvy people and prefer advanced technical products. Robotic vacuum cleaners have already become a part of the mainstream consumer electronics in Japan.  iRobot has the majority share in the robotic vacuum cleaners market in Japan.

After China and Japan, South Korea was the largest market for robotic vacuum cleaner in APAC in 2015

The price of the robotic vacuum cleaner in South Korea is lower compared to Japan because of the presence of many vendors in the South Korean market. The emergence of advanced robotic technology in the country also makes the market penetration high. LG and Samsung contribute the most in robotic vacuum cleaners in South Korea.

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The Top Five Vendors in Global Patient Temperature Management Market

Patient Temperature Management Blog by Beige

The Temperature Management market which consists of Patient Warming System and Patient Cooling System is going to be a US$ 1.6 billion market till 2021.  This huge growth in the market has led the way for a gigantic competition among the existing as well as the emerging vendors. The patient temperature management market is highly competitive with presence of large, medium, and small players. Some of the major players in this market are The 3M Company (US), Smiths Group plc (US), Covidien plc (Ireland), Stryker Corp. (US), and C. R. Bard (US). Other notable players in the market are ZOLL Medical Corp. (US), Geratherm Medical AG (Germany), Inditherm plc (UK), Cincinnati Sub-Zero Medical Division (US), and the 37 Company (the Netherlands).  In this highly competitive market, players have adopted various strategies such as partnerships, agreements, collaborations, joint ventures, expansions, new product launches, and mergers and acquisitions to strengthen their foothold in the market.

We have mentioned the merger and acquisition and key strategies of the top five vendors here

The 3M Company

 The company which has a strong geographical presence in 70 countries across North America, APAC, Europe, EMEA, and Latin America, mostly focuses on the development of new products to accelerate its organic growth. Moreover, the company focuses on inorganic growth strategies such as strategic acquisitions to strengthen its patient warming business and increase its share in the patient temperature management market.

“The acquisition of Arizant, a manufacturer of patient warming systems,led to the expansion of  the company’s portfolio for temperature management.

Smiths Group plc

Smith Medical Foundation , is a group of Smith Group Plc and is operating  in more than 30 countries. The company not only has a strong foot hold in the market but also has been a reputed brand in temperature management market. The company majorly focuses on expanding its business in the emerging markets across all geographies.

“in January 2011, the company established its subsidiary in India to cater the emerging markets. Also, the company increased the size of its workforce in Brazil, China, India, South East Asian countries, and the Middle East markets.”

C.R. Bard

The company is one of the oldest player in the medical devices market. The company’s major strength lies in its long-term presence (more than 100 years). It majorly focuses on merger and acquisition along with targeting the clinicians to purchase the medical devices.

“ The company in October 2011 acquired Medivance, a market leader in therapeutic hypothermia, which helped the company to expand its portfolio for temperature management.”

Stryker

Stryker is one of the leader in the medical technology world. Its temperature management sub-segment provides hyper/hypothermia systems, localized therapy systems, blood fluid warming systems, and forced air-warming systems.

“In 2011, the company acquired Gaymar Industries, a US-based manufacturer and supplier of patient temperature management devices. This enabled the company to strengthen its product portfolio and widen its customer base.”

Medtronic plc (Covidien plc)

Medtronic plc has a wide range of temperature management systems and operates through 41 manufacturing facilities in 17 countries and markets its products in more than 150 countries. The company focuses on R&D as its major strategy for growth.

"In January 2015, Medtronic acquired Covidien plc (Ireland) (a healthcare spinoff of Tyco International in 2007). Covidien plc is engaged into development, manufacturing, and sells of healthcare products used in home and clinical settings. With the acquisition of Covidien, Medtronic entered into the temperature management market.”

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Beige Market Intelligence is a provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and to make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry.

Our team of experts ensure the analysis you receive is not just analyzed and presented, but can also be customized based on the client’s requirement. Our deliverables guarantee our current global client base do not look beyond Beige when it comes to competitive intelligence.

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Growing Popularity of Female Condoms is one of the Driving Factors of Global Condom Market

Global Condom Market Research Report 

The Global Condom Market which is growing rapidly with the addition and innovation of the new trends in the condom manufacturing and type is not only getting its revenue from the male condom but also the female condom segment is contributing to the market growth. The condom market has been traditionally dominated by the usage of male condoms as they were not only introduced earlier but also on account of the type of innovations that supported their adoption among users.   Though the female condom market only caters a small percentage of the overall market but the growing popularity of the female condoms can certainly emerge as a major driving factor for the global condom market.

 The development of the first modern female condoms can be traced back to the 1980s. Since the production of the first batch in 1990s, female condoms have slowly gained popularity. The main selling point for female condoms is growing dominance of women in sexual activities.

Female condoms are also the first women-centric contraceptives that provide protection against STDs and STIs and avoid pregnancy. Female condoms are either made of nitrile or polyurethane and fare better than latex as they do not cause allergies. Further, they can be lubricated with oil, water, and silicone, thus offering inherent customization to users. Further, on the account of their build, female condoms are found to potentially enhance the sexual pleasure by stimulating clitoris. Importantly, female condoms impart a shared responsibility to women in the prevention of STDs and STIs and offer them the control in family planning.

The introduction of female condoms has developed a new market segment with a significant growth scope. For instance, the share of male condom sales constituted 99.6% of the global condom sales in 2015 with the rest contributed by female condoms. However, the adoption of female condoms is increasing with the sales volume growing at a CAGR of 10.84% as against 9.11% for male condoms during the period 2015–2021.

 For more information visit : GlobalCondom Market Strategic Assessment and Forecast Till 2021

 Innovation is expected to one of the major factors in the adoption of female condoms. Vendors are increasingly focusing on launching products that are aesthetically appealing, affordable and pleasurable. Female Health Group, Cupid, HLL, Silk Parasol, and Tianjin Condombao Medical Polyurethane Tech are some of the major companies in the female condom market and their products include Origami Female Condom, Female Panty Condom, Natura Sensation Condoms, and dumbbell shaped Condoms.

VA is a company that is developing a new model of female condoms, which come with a Bluetooth connectivity and a vibrating device, to help women achieve an orgasm.

These technology-enabled products are expected to challenge the frontiers of traditional contraceptives products.

The Global Condom Market is going to witness a dramatic shift in the sales of both male and female condoms. The factors such as growing popularity of female condom, increased effectiveness of family planning mandates and birth control measures, introduction of innovative condom distribution channels to expand reach & comprehensive sex education for teenagers are going to drive the market for next five years.

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