A Market Place Research – Page 2647

Healthcare Revenue Cycle Management Market 2022 | McKesson Corporation, Allscripts Healthcare Solutions, General Electric Healthcare and AGS Health

Revenue cycle management (RCM) is the financial process with a number of steps right from utilizing medical billing software that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. Revenue Cycle Management (RCM) in simpler words refers to the process of recognizing, collecting and managing the monetary funds or revenue obtained from the services provided to the payers. A successful RCM process is essential for a healthcare practice to earn profits, maintain financial viability and continue to provide quality treatment for their patients. Intensification of healthcare services and more holistic patient care approach on a large scale has pushed healthcare service providers to assess and upgrade their revenue cycle management.

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RCM works at the functional core of a healthcare organization and is a backbone in ensuring profitability whether it is a small practice or a large hospital. Poor billing practices can result in financial losses and potentially put at risk the ability to deliver quality care. Without healthcare revenue cycle management, that is a key financial process, healthcare organizations would find it difficult to sustain and at the same time keep their doors open to treat patients. It is the strategy that healthcare organizations use to earn revenue for their offered services.

COVID – 19 scenario analysis:

The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
Over 4 million people affected globally, with 300 thousand losing their lives due to novel coronavirus
Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers, and now they have to face another set of challenges i.e. to maintain their revenue cycles
Various governments have brought down the treatment costs for COVID-19, as the hospitals and diagnostic centers are flooding with huge in flow of patients
In order to distress the healthcare providers, governments are thinking of initiating a disaster management and control plan via which the government would pay hospitals for their healthcare services

Constant upgrades and big data analytics ensure smooth data management

Advancements and constant upgrades in the HRCM software has positively affected the industry growth throughout the timeframe. Recently upgraded platforms are better than their predecessors, highly efficient and helps in providing enhanced patient care and patient satisfaction. In addition, upgraded HRCM software have reduced the amount receivable from outstanding accounts of several hospitals and healthcare facility providers. Moreover, adoption of centralized software for medical billing and coding has reduced manual errors and enhanced the clinical outcomes and maintained transparency among stakeholders. Henceforth, availability of such technologically advanced systems has spiked the healthcare revenue cycle management market growth.

Advanced HRCM models have revolutionized the workflow in hospitals

Hospitals are major end users of HRCM systems owing to increasing cash flows in hospitals, number of patients are increasing due to rising prevalence of diseases that forces healthcare providers to implement efficient and quick revenue cycle management system for patient data collection and administration. Hospitals try to optimize revenue by integrating advanced HRCM software developed by companies that ensures effective management of patient’s clinical data and financial data. Factors mentioned above are expected to escalate the segmental growth. Furthermore, it also offers greater control on data management that proves beneficial for the segmental growth. In addition, increasing emphasis of major players on providing best-in-class pricing and billing management system will increase its acceptance thereby, ensuring the segmental growth.

Key segments:

Product

Integrated
Standalone

Presence

On-premises
On-cloud
Web-based services

Application

Collection and storing of clinical data
Medical coding and billing
Claims and denial management
Others

Key benefits of the report:

This study presents the analytical depiction of the global healthcare revenue cycle management market industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Healthcare revenue cycle management market share.
The current market is quantitatively analysed from 2020 to 2027 to highlight the global healthcare revenue cycle management Healthcare revenue cycle management market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Healthcare revenue cycle management market.
The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Tonic Water Market registering a CAGR of 7.3% By 2027|Fever-Tree, Fentimans Ltd., London Essence Company

According to a new report published by Allied Market Research, titled, “Tonic Water Market by Flavor, Packaging form and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The global tonic water was valued at $805.4 million in 2019, and is projected to reach $1,168.9 million by 2027, registering a CAGR of 7.3% from 2021 to 2027. The market is expected to exhibit an incremental revenue opportunity of $363.5 million from 2019 to 2027. The tonic water market is propelled by the rise in demand for tonic water as a result of rise in preference for premium brands. The rising demand for high-premium tonic waters as a result of change in consumer tastes, rise in standard of living globally and inclination toward innovate products is expected to drive the growth of the global tonic water market size.

The growing inclination towards premiumization in the alcoholic beverages sector and the rise in acceptance of alcoholic beverages in social gatherings, especially in the Asia-Pacific region is expected to propel the demand for the tonic water market. In addition, rapid urbanization, increasing number of bars, pubs and hotels, rising consumer spending are among some crucial factors that drive the global tonic water market.

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Owing to the outbreak of the COVID-19 pandemic, there has been a considerable impact on the tonic water market. The on-trade segment has especially been impacted, since bars, restaurants, pubs, breweries have been shut due to the lock-down and customer visits are entirely restricted. Comparatively, the impact was less likely felt on the off-trade sales channel since consumers stock-piled beverages in the initial stages of the lockdown. However, the lockdown has generated a great opportunity for the ecommerce channels due to social distancing.

On the basis of flavor, the plain category was the dominant segment in 2019 with 58.1% share in the market, owing to the fact that plain tonic water has been traditionally largely consumed as a mixer for alcoholic beverages. However, with changes in tastes and preferences of the consumers, the demand for flavored tonic water is expected to grow at a higher CAGR. This shift in demand is anticipated to create widespread flavored tonic water market opportunities.

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Depending on packaging form, the bottles segment accounted for the highest tonic water market share in 2019, since they have been one of the most traditional means of packaging tonic water. Plastic bottles, were once regarded as the most popular and widely used form of tonic water packaging form. However, glass bottles have gained higher traction in the recent years owing to social elements and rise in on-trade segment.

As per distribution channel, the off-trade segment was the dominant segment in 2019 with 49.3% share in the market, since off-trade sales segment plays a crucial role in terms of quantity selling. Majority of the off-trade sales are generated through large supermarket chains. Sales strategies such as in-store promotions, tasting for selective products, membership offers and many others have enabled to spur the tonic water market growth sales through this segment.

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Key findings of the study

By flavor, the plain tonic water segment was the highest contributor to the market, with $468.0 million in 2019, and is estimated to reach $655.1 million by 2027, at a CAGR of 6.8% during the forecast period.
By packaging form, the bottles segment was the highest contributor to the market, with $506.9 million in 2019, and is estimated to reach $759.9 million by 2027, at a CAGR of 7.7% during the tonic water market forecast period.
By distribution channel, the off-trade segment was the highest contributor to the market, with $397.4 million in 2019, and is estimated to reach $540.3 million by 2027, at a CAGR of 6.4% during the forecast period.
In 2019, Europe was the highest revenue contributor, accounting for $360.8 million in 2019, and is estimated to reach $495.6 million by 2027, with a CAGR of 6.5%.

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The key players operating in the global tonic water industry analysis include Fever-Tree, Dr. Pepper Snapple Group, Fentimans Ltd., London Essence Company, East Imperial Beverage Corporation, Thomas Henry GmbH & Co. KG, Q Mixers, Zevia, Franklin & Sons Ltd. and White Rock Products Corporation.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Pain Management Drugs Market to Reach $1.04 Bn by 2027 | Eli Lilly & Company, Abbott Laboratories, Purdue Pharma L.P., Pfizer, Inc., Mylan NV.

Surge in incidences of chronic diseases, supportive regulatory scenario, and rise in aging population drive the growth of the gulf pain management drugs market. However, availability of alternative therapies, drug exploitation, and patent expiration of prescription drugs hinder the market growth. On the other hand, advancements in drug development create new opportunities in the coming years.

According to the report published by Allied Market Research, the gulf pain management drugs industry generated $851.08 million in 2019, and is expected to reach $1.04 billion by 2027, witnessing a CAGR of 3.2% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Increase in prevalence of chronic diseases, favorable regulatory scenario, and surge in the number of geriatric population drive the growth of the global pain management drugs market. On the other hand, availability of alternative therapies, drug exploitation, and patent expiration of prescribed drugs impede the growth to some extent. However, advancements in drug development and untapped markets in developing economies are expected to create lucrative opportunities for the market players in the industry.

Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, “The growth of the Gulf pain management drugs market is attributed to increase in R&D investment and outsourcing of pharmaceutical companies due to strong need for better treatment lead to growth in pain management drugs market. Moreover, surge in prevalence of chronic diseases, such as cancer, diabetic neuropathy, and osteoarthritis propels the market growth.”

Covid-19 Scenario

Pain management services in many clinics in the gulf countries stopped offering services to ensure safety and avoid cross-contamination. Only cases involving management of chronic pain were served in the clinics and hospitals.
Telemedicine services became prominent during the pandemic and physicians and consultants began offering their consultation through video calling and phone calls to ensure safety.
During the post-lockdown, clinics are expected to open up for physical visits of patients and the demand is expected to rise steadily.

Postoperative pain and chronic back pain were among the largest revenue contributors in 2019, owing to increase in number of surgeries in the Gulf countries such as Saudi Arabia, Oman and rise in prevalence of chronic diseases that lead to back pain. Furthermore, the cancer pain segment is expected to grow at the highest rate throughout the forecast period, owing to rise in prevalence of cancer.

Saudi Arabia to maintain its dominant share by 2027

Based on country, Saudi Arabia contributed to the highest share in terms of revenue in 2019, accounting for nearly three-fifths of the gulf pain management drugs market, and will maintain its dominant share by 2027. This is attributed to rise in healthcare expenditure and ease in availability of pain management products. The report also analyzes the segments including the United Arab Emirates, Oman, and the rest of the gulf countries.

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Leading market players

Novartis AG
Eli Lilly & Company
Abbott Laboratories
Purdue Pharma L.P.
Pfizer, Inc.
Mylan NV.
Merck & Co. Inc.
Johnson & Johnson
Gulf Pharmaceutical Industries (Julphar)
Oman pharmaceutical products Co. Llc
GlaxoSmithKline Plc.

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Contraceptive Drugs Market Growth, Trends, Covid-19 Impact, Industry Forecast 2022-2027

Surge in need for preventing unwanted pregnancy, rise in awareness for contraceptives across the world, increase in usage of oral contraceptives as a preferred method to avoid unplanned pregnancy, upsurge in government and NGO initiatives promoting contraceptives, and mounting awareness about STDs drive the growth of the global contraceptive drugs market. On the other hand, health risks associated with the use of contraceptive methods impede the growth to some extent. However, rise in disposable income, demand for healthy life in emerging economies, and presence of large unmet contraceptive needs in emerging Asian and African economies are expected to create lucrative opportunities for the key players in the industry.

According to the report published by Allied Market Research, the global contraceptive drugs market size was valued at $14.32 billion in 2019, and is projected to garner $24.41 billion by 2027, registering a CAGR of 6.9% during the analysis period. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Covid-19 scenario-

The outbreak of the pandemic made contraceptive drug manufacturers face several challenges with unpredictable and distorted supply chain activities and lack of skillful human resources. Also, decrease in the number of hospital visits by women to receive injectables affected the market.
However, as the restrictions are gradually being eased off, the global market for contraceptive drugs is expected to recoup soon.

Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, “The growth of the global contraceptive drugs market is driven by alarming increase in the incidence of STDs, rise in unintended pregnancy rate, and need for family planning across the world, owing to rapidly growing population and socioeconomic burden related to teenage pregnancy. The impact of the drivers is expected to surpass that of the restraints.”

The global market is segmented on the basis of product, age group, end-user, and region. Based on product, the oral contraceptive pills segment held the lion’s share with more than four-fifths of the global contraceptive drugs market share in 2019, and is expected to dominate by the end of 2027. However, the injectable contraceptives segment is expected to manifest the fastest CAGR of 8.0% throughout the forecast period.

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North America to retain its dominance in terms of revenue-

Based on geography, North America held the major share in 2019, garnering around one-third of the global contraceptive drugs market, owing to rise in awareness regarding contraceptive pills, surge in adoption of modern contraceptive drugs, and alarming rise in prevalence of sexually transmitted diseases such as HIV/AIDS in the province. Simultaneously, the market across Asia-Pacific would showcase the fastest CAGR of 8.4% from 2020 to 2027, due to presence of large population base and proactive initiatives of governmental organizations for birth control and awareness in the region.

Frontrunners in the industry-

Allergan Plc
Bayer AG
Teva Pharmaceutical Industries Ltd.
GlaxoSmithKline Plc
Piramal Healthcare
Mylan N.V.
Pfizer Inc.
Johnson & Johnson
Agile Therapeutics
Novartis AG

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Sustainable Toys Market to Reach $59,643.9 million at 8.2% CAGR During the Forecast Period 2021–2030 | AMR

“Sustainable Toys Market by Product Type, Age Group and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030,”

According to a new report published by Allied Market Research, titled, “Sustainable Toys Market by Product Type, Age Group and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The sustainable toys market size is expected to reach $59,643.9 million by 2030, registering a CAGR of 8.2% from 2021 to 2030.

Sustainable toys, also known as green toys or recycled toys are majorly made up of organic cotton, wool, beeswax, cork, bamboo and water based inks. Rise in environmental consciousness among the customers and rapid expansion of the retail sector is likely to propel the sustainable toys market growth during the forecast period. Plastic is known to be one of the most non-degradable substances used in the toy manufacturing. To prevent the environmental issue, the rising concern about global warming and government regulation regarding the use of plastic has been contributing for the growth of the sustainable toys market. Furthermore, government regulations regarding the use chemicals in toys and development of an eco-label certification program for toys are supporting for the growth of market.

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High internet penetration and highly addicting online games on smartphones and tablets have enormously hampered the toys market. Easy availability of high addicting gadgets, such as smartphones, video games, and computers, poses significant challenge for the toys market in the coming years.

The outbreak of the pandemic has positively impacted the global sustainable toys market. During lockdown period everyone, including children, stuck in their homes. So parents brought toys and games for their kids for entertainment. Furthermore, shortage of raw materials might pose challenges for stakeholders in the industry. Players who are sourcing materials locally are at a much better position.

According to the sustainable toys market analysis, the sustainable toys market segmented into type, product type, distribution channel, age group and region.

On the basis of product type, the market is categorized into action figures, building sets, dolls, games/puzzles, sports and outdoor toys and others. On the basis of age group, the market is segmented into, up to 5 years, 5 to 10 years and above 10 years.

By distribution channel, market is categorized into, hypermarket/supermarket, specialty stores, departmental stores, online channels and other.

Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa and Rest of LAMEA).

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Key Findings Of The Study

The sustainable toys market size was valued at $18,940.0 million in 2020, and is estimated to reach $59,645.1 million by 2030, registering a CAGR of 12.5% from 2021 to 2030.
By type, the action figures segment is estimated to witness the significant growth, registering a CAGR of 15.2% during the forecast period.
By age group, the Up to 5 years segment is estimated to witness the significant growth, registering a CAGR of 11.7% during the forecast period.
In 2020, depending on distribution channel, the hypermarket/supermarket segment was valued at $5,423.50 million, accounting for 28.6% of the global sustainable toys market share.
In 2020, the US was the most prominent market in North America, and is projected to reach $14,738.50 million by 2030, growing at a CAGR of 11.7% during the forecast period.

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Toys Market Expected to Reach $ 103.8 Billion by 2027—Allied Market Research

Proliferation of STEM based interactive and educational toys is driving the market expansion however, the industry is facing significant challenge from mobile phones and computers

According to a new report published by Allied Market Research, titled, “Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027.

The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for toys and games. These family entertainment centers, game bars and cafes are witnessing a high traction and had gained remarkable popularity across the world in the course of recent years. The quick expansion of game cafes is encouraging children as well as adults to learn new games along with connecting each other for meaningful social interactions. In the U.S. over 5,000 board games cafes were inaugurated in the year 2016. Furthermore, there are over 700 game cafes in China and in 2017, in addition about 60 game cafes were opened in Beijing alone. The increase in number of these cafes and entertainment centers that cater to both kids and adults help generate high revenues for the players operating in the global toys market.

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Engaged players in the toys industry are striving to make more environmentally conscious decision about their product portfolios, especially in terms of toys packaging. The players are focusing on minimalistic usage of plastic along with ensuring packaging is part of the toy. Plethora of initiatives have been launched in past few years ranging from adopting recycled packaging materials and minimal packaging to adopting bio-based plastics instead of their petroleum counterpart. For instance, MGA Entertainment has introduced new biodegradable ball as a new product offering in its L.O.L Surprise! Doll line. Furthermore it also introduced a new product line from Little Tikes using blend of recycled resins as raw material. Another company, Safari Ltd. is offering BioBuddi line of toy blocks, much like Mega Bloks and Lego, which uses sugarcane in the production and manufacturing of toys. Such practices adopted by the players paves the way for more sustainable and environmentally friendly products in the future.

The toys market is segmented into product type, age group, sales channel and region. By product type, the global market is classified into action figures, building sets, dolls, games/puzzles, sports & outdoor toys, plush and others. By age group, it is studied across upto 5 years, 5 to 10 years, and above 10 years. By sales channel, the market is divided into hypermarket/supermarket, specialty stores, departmental stores, online channels and others. By region, the toys market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings Of The Study

By region, Asia- is anticipated to grow with robust CAGR of 5.4% during the forecast period.
By product type, the sports and outdoor toys segment led in terms of toys market share, in 2019; however action figure segment is expected to gain market share in the upcoming years.
By age group, the 5 to 10 Years segment accounted for about two-fifth share of the toys market in 2019; however, the children toys market segment is poised to grow at the highest CAGR during the forecast period.
By sales channel, the online channels segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 4.5% during the toys market forecast period.

Some of the key players profiled in the toys market analysis includes Atlas Games, Clementoni S.p.A., Goliath Games, Hasbro, Inc., The LEGO Group, Mattel, Inc., Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.

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Home Insurance Market Size, Growth Opportunities, Revenue, Company Profile and Forecast 2027 | Allstate Insurance Company, ALLIANZ GROUP

The Home Insurance Market Report Emphasizes on the Major Factors and Market Trends That Fuel the Growth

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The market study incorporates an in-depth analysis of the Home Insurance Market based on the key parameters that take in the drives, sales inquiry, market extents & share. Moreover, the report provides a detailed measurements about the drivers, growth, and opportunities that have a direct influence on the market. The report, further, focuses on assessing the market size of four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. The research study is designed to help the readers with an exhaustive valuation of the current industry trends and analysis.

The report spans the Home Insurance research data of various companies, benefits, gross margin, strategic decisions of the worldwide market, and more through tables, charts, and infographics.

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Other important factors studied in this report include demand and supply dynamics, industry processes, import & export scenarios, R&D development activities, and cost structures. Besides, consumption demand and supply figures, cost of production, and selling price of products are also estimated in this report.

The Study Will Help the Readers-

1. Acknowledge the complete market dynamics.

2. Inspect the competitive scenario along with the future market landscape with the help of different strictures such as Porter’s five forces and parent/peer market.

3. Understand the impact of government regulations during the Covid-19 pandemic and evaluate the market throughout the global health crisis.

4. Consider the portfolios of the major market players operational in the market coupled with the comprehensive study of the products and services they offer.

Main Offerings-

1. The report crafted by AMR on the Home Insurance Market doles out a wide-ranging study of global market share, key determinants of the growth, country-level stance, segmental assessment, market prospects, and the major trends.

2. Porter’s five forces model, on the other hand, cites the efficacy of buyers & sellers, which is important to help the market players implement fruitful stratagems. Furthermore, the research study includes,

– Threat of new competitors
– Threat of new stand-ins
– Bargaining clout of suppliers as well as consumers
– Rivalry among key players

3. An explicit analysis of the driving and restraining factors of the global Home Insurance Market is also provided in the report.

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Key Market Players-

The Home Insurance Market also focuses on the key players operating in the sector. Their product portfolio, business tactics, company profiles, and revenue share are also perfectly delineated in the report. Finally, the study delineates the strategies such as partnership, expansion, collaboration, joint ventures, and others implemented by the frontrunners to heighten their status in the sector.

Top Market Players Change the View of the Global Face of Home Insurance Industry: Allstate Insurance Company, ALLIANZ GROUP, ADMIRAL, AXA, American International Group, Inc., Chubb, Liberty Mutual Insurance, People’s Insurance Company of China Group, State Farm Mutual Automobile Insurance, and Zurich Insurance Co. Limited.

COVID-19 Scenario-

The research study showcases the thorough impact analysis of COVID-19 on the global Home Insurance Market. The unprecedented situation had distressed the global economy and the Home Insurance Market was impacted badly, especially during the initial phase. The report also takes in the details about the market extents during this pandemic. Moreover, the study provides a large-scale study of the policies & plans executed by the key players all over this term. At the same time, it also cites the post-pandemic scenario, since the majority of government bodies have come up with slackening measures on the existing rules, when major vaccination drives have also been initiated across the world. With this drift on board, the global Home Insurance Market is projected get back on track very soon.

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Key Market Segments

By Coverage
- Comprehensive Coverage
- Dwelling Coverage
- Content Coverage
- Other Optional Coverages
By End User
- Landlords
- Tenants

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Mouthguard Market is Expected to Reach $369.9 Million by 2030-Allied Market Research

Mouthguard Market : Global Opportunity Analysis and Industry Forecast, 2021–2030

According to a new report published by Allied Market Research, titled, “Mouthguard Market by Type, Material, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global mouthguard market size was valued at $189.4 million in 2020, and is projected to reach $369.9 million by 2030, registering a CAGR of 6.6% from 2021 to 2030. In 2020, the boil and bite mouthguard segment accounted for the highest share in the market. These types of mouthguard are usually made from ethylene-vinyl acetate (EVA). This device is thermoplastic rim, which is heated in hot water and then placed in the mouth to be adapted to the teeth by biting down. However, it is often bulky, and does not retain its shape over time.

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Increased popularity of sports, namely, basketball, hockey, football, and boxing and the corresponding youth participation in such sports drives the market. Moreover, rise in consumer spending on mouthguard is observed in developed economies such as the U.S. As per the statistics, consumer spending on mouthguard has increased from $66 million to $84 million from 2010 to 2014 in the U.S., which has further supported the mouthguard market growth.

Rise in participation in sports activities, growth in consumer spending on mouthguard, increase in health consciousness among consumers, prominence of national & international sports events are the mouthguard market trends which is likely to foster the growth of mouthguard industry. However, availability of cheap and counterfeit products restrains the market growth. Increase in penetration of online retail is expected to offer lucrative mouthguard market demand over the forecast period.

According to the mouthguard market analysis, the market is segmented on the basis of type, material, sales channel, and region. By type, it is divided into stock mouthguard, boil and bite mouthguard, and custom-fitted mouthguard. On the basis of material, the market is split into vinyl resins, natural rubber, acrylic resins, and polyethylene-polyvinylacetate copolymer. Based on sales channel, the market is segmented into specialty retail stores, multi-retail stores, and online stores & others. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on type, the boil and bite mouthguard segment held the major share in the market and is expected to remain dominant throughout the forecast period. These types of mouthguard are sold at sporting goods stores, inexpensive and offer a better fit than stock mouthguard.

Based on material, the polyethylene-polyvinylacetate copolymer material segment gain a major traction in the market. The material have an optimal consistency, energy absorption, and strength in order to cushion the traumatic impact.

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Based on sales channel, the specialty retail stores segment generated the highest revenue in 2020, since it is a traditional channel for the purchase of sports products, and is expected to grow at a CAGR of 6.3%. Online retail stores & others is expected to witness relatively higher growth owing to the extensive penetration of smartphones and tablets, and the increased convenience offered by this channel to choose from a variety of products.

North America accounted for over 38% of the mouthguard market share, and is anticipated to maintain its dominance throughout the forecast period. Mouthguard market analysis has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for the UK, Germany, France, Italy, Spain, Russia and rest of Europe.

Prevalence of sports culture and high per capita income has led to higher adoption of sports protective equipment such as mouthguard in North America and Western Europe. Countries covered in Asia-Pacific include Japan, China, Australia, India, South Korea, Thailand, Srilanka, and rest of Asia-Pacific. Japan, China, and Australia are the leading markets for mouthguard in the region. LAMEA includes Brazil, Argentina, UAE, Nigeria, South Africa, Turkey, Saudi Arabia, and rest of LAMEA.

The key players profiled in this report include Battle Sports Science, Brain Pad, Inc, Decathlon S.A, MaxxMMA International CO., Limited, Mogo Sport, NIKE, INC, OPRO, Shock Doctor, Sisu Guard, and Venum Predator.

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Key Findings Of The Study

By type, the boil and bite mouthguard segment held the highest share, accounting for 45.5% of the global mouthguard market.
Based on material, the polyethylene-polyvinylacetate copolymer segment held the major share of 60.8% of the market.
Region wise, North America held the major share in the market, and is expected to remain dominant throughout the forecast period.

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Hospitality Robots Market Expected to Reach $3,083 Million by 2030 Allied Market Research.

Hospitality Robots Market : Global Opportunity Analysis and Industry Forecast 2021–2030

According to a new report published by Allied Market Research, titled, “Hospitality Robots Market by Type, End User, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The global hospitality robots market size is expected to reach $3,083 million by 2030 at a CAGR of 25.5% from 2021 to 2030.

There is no denying that robots are becoming daily assistants in the hotel industry and appearing in hotels and restaurants across the world. Robots are also utilized in hotels, restaurant, & bar for housekeeping, cleaning, and delivering food items to guest rooms. Furthermore, these robots are also programmed to accept order, prepare meals and drinks for customers. Thus, growing advancement in the hospitality robots market and increasing utility of robots in hotel, restaurants, and bars are expected to accelerate the growth of the hospitality robots market during the forecast period. The COVID-19 pandemic resulted in a positive impact on the hospitality robots market. Attributed to this pandemic, not only service robots but also disinfection robots are gaining considerable popularity among hospitality services providing companies. Many countries have opened their borders to welcome people. The tourism industry is speeding up again. Many hotels provide guests with a quarantine period. Due to lack of personnel, hotels are looking for a complete robot solution for the hotel. Various hospitality robots can be deployed in the hotel according to their use and purpose, such as luggage robots, room service robots or room delivery robots, carpet vacuuming robots, check-in robots, and children’s entertainment robots or children’s play robots, and now the popularly used disinfection robots.

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Rapid growth of the hospitality and travel & tourism industry and adoption of robotic automation in hotels, restaurant, bar, and event industries are majorly boosting the growth of the market during the forecast period. Furthermore, increase in concern for hotel premises; safety and rise in utility of the robots in hotel, events, and restaurants are spurring the growth of the market during the forecast period. Various hospitality robots are programmed for special purpose and unique allocated task according to the conditions and situation, and these robots are manufactured according the requirements of the clients. For instance, Pepper, a humanoid robot developed by SoftBank Robotics, wore a mask, greeted new guests in the lobby, and reminded them to wear a mask. Pepper is also programmed to deliver exciting messages, such as “I hope he feels good as soon as possible”, and more serious, “I pray that social distancing and vaccination will stop the spread of the disease as soon as possible”, and more mysterious messages “Let us unite and overcome this together. Thus, advancement in robots and availability of customizations option so as end users can use robots according to their purpose and situations are expected to drive the growth of the product market during the forecast period.

According hospitality robots market trends, on the basis of type, the delivery robot segment was valued at $60.6 million in 2020 and is expected to increase at $725.6 million by 2030, at CAGR of 27.5%, during the forecast period. Delivery robots are quite popular. When a guest enters the hotel premises, delivery robots welcome guests and carry their luggage to respective rooms. Various hotels are using robots for luggage carrying and delivering food items. For instance, New York-based Yotel hotel has luggage carrying robot named Yobot, which automatically collects and delivers guests’ luggage. Yobot can handle around 300 items of luggage a day. Growing utility and advancement in delivery robots is expected to surge the demand for delivery robots during the forecast period.

According hospitality robots market analysis, by end user, travel and tourism segment was valued at $57.4 million in 2020 and is expected to increase to $668.2 million by 2030, at a CAGR of 27.2% during the forecast period. Rapid growth of the travel and tourism industry globally and adoption of robotic automation to offer quick services to customers are expected to favor the growth of the product market during the forecast period. Travelers are opting for unique and exotic holiday destinations to get away from daily hectic schedule and gain valuable experiences. Private, quite, serene, and exotic locations are major factors that people consider while choosing their travel location. Private islands and luxury hotel stays have been voted as top preference by luxury travelers, which increase the demand for luxury and super premium hotel services. Robotic automation in hotel services can increase the quality of hotel services and can offer greater ambience to the customer, thereby propelling the growth of the hospitality robots market.

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According to sales channel, in 2020, the online segment gained the highest share of 57.3% in global market. Increase in internet users, growing digital literacy, and easy availability have led to an exponential rise in number of online sales channels across the globe. The trend of selling advanced consumer and commercial robots online is on rise due to the benefits offered such as competitive pricing, payment security, and payback offers.According hospitality robots market opportunities, region-wise, the Asia-Pacific hospitality robots industry was valued at 75.6 million in 2020, and is expected to increase at 1,038.3 million by 2030 at CAGR of 29.2% during the forecast period. This is majorly attributed to the rapid adoption of hospitality robots in Asia-Pacific and strong growth witnessed in Japan, China, and South Korea.

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Survival Tools Market Expected to Reach $2.4 billion by 2027-Allied Market Research

Survival Tools Market : Global Opportunity Analysis and Industry Forecast, 2021–2030

According to a new report published by Allied Market Research, titled, “Survival Tools Market by Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global survival tools market size was valued at $1,279.6 million in 2020, and is projected to reach $2,481.6 million by 2030, registering a CAGR of 7.1% from 2021 to 2030. Survival tools are one of the most integral parts of recreational activities such as hiking, caving, rock climbing mountaineering and others. The survival tools are used as safety products while performing recreational activities. These includes survival knives, flashlight, first aid kit and others. In addition, the expansion of distribution channels such as online stores, specialty stores, supermarkets, hypermarkets, and B2B channels, has made these survival tools easily accessible to the customers, which in turn has increases the survival tools market demand. Additionally, the IOT embedded survival tools are the ongoing survival tools market trends.

The sports & recreational activities sector was severely affected during the outbreak of the COVID-19 pandemic. This is attributable to the facts that government of all the countries imposed strict lockdown in their countries, consumers were restricting themselves to go out from their home in order to maintain social distancing. Thus, the aforementioned facts hampered the growth of the market during pandemic.

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By product type, the others segment is anticipated to grow at the highest CAGR during the forecast period. With owing to increase in demand for outdoor recreational activities due to rising population and trend of outing and outdoor recreation, the demand for survival tools including whistles, ropes, GPS and others is consistently rising.

Moreover, by application, the camping segment in the survival tools market is anticipated to grow at the highest CAGR of 4.07% in terms of value sales during the forecast period. This is attributable to the rising trend of camping among the consumers, especially among millennial, which in turn is fueling the survival tools market growth.

Furthermore, by distribution channel, online store is anticipated to be the fastest growing segment in terms of value sales during the forecast period. This is because online platforms or e-commerce are becoming a popular medium for the purchase survival tools among the customers. This is due to easy availability of survival tools and the benefits provided by it such as the information about the product functional attribute, time-saving feature, and the facility of home delivery to the customers.

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The global survival tools market is analyzed on the basis of product type, application, distribution channel, and region. By product type, it is classified into pocket tools, first aid kit, compass and others. By application, it is divided into hiking, hunting & fishing, camping and others. Based on distribution channel, the market is segregated into specialty store, online store, supermarket/hypermarket and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA ( Brazil, Saudi Arabia, South Africa, Turkey and rest of LAMEA).

Key findings of the study

By product type, the pocket tools segment accounted for the highest survival tools market share in 2020, growing at a CAGR of 6.2% from 2021 to 2030.
By application, the hiking segment accounted for the highest market share in 2019, growing at a CAGR of 6.0% from 2021 to 2030.
By distribution channel, the specialty store segment accounted for the highest market share in 2020, growing at a CAGR of 5.9% from 2021to 2030.
By region, North America occupied the maximum share in the survival tools market in 2020 and is expected to dominate the market during the forecast period.

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The key players operating in the global survival tools industry include Coleman Company, Inc., Exxel Outdoors, LLC, Fenix Outdoors International AG, Fiskars Group, Johnson & Johnson, Leatherman Tool Group, Inc., SOG Specialty Knives & Tools, Surefire, LLC and UST Brands.

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