Japan’s Richest Person Sees Wealth Cross $41 Billion As Fashion Sales Rebound In Japan And China

The net worth of Japan’s wealthiest person, Tadashi Yanai, the billionaire behind everyday fashion brand Uniqlo, touched a peak of $41.6 billion this week, spurred by a shopping frenzy for Uniqlo’s pandemic-friendly clothes from masks to tracksuits.

Yanai’s fortune was buoyed by a 114% rise in shares of flagship Fast Retailing since March, when they fell amid a pandemic-induced global sell-off. Yanai, who has a 47% stake in the world’s third-largest clothing retailer, has more than doubled his fortune since Forbes’ World’s Billionaires list where he was ranked No. 41 with a net worth of $19.7 billion.

Fast Retailing owns the Uniqlo brand in addition to brands like Theory, Helmut Lang, J Brand and GU. Analysts attribute the stock jump to the company’s new digital strategies and its focus on practical, everyday clothing, preferred by those working from home.

“Sales are good due to its product lines fitting the stay-at-home demand,” says Dairo Murata, senior analyst at JP Morgan in Tokyo. “Fast Retailing has always been promoting the ‘LifeWear’ concept, and selling clothes which fit the work-from-home style well.”

The Japanese retailer–which has more than 3,600 stores across 26 markets spanning Asia, North America and Europe–offers the LifeWear range which it promotes as “simple” and “high quality everyday clothing.” It also incorporates proprietary technologies like “Heattech,” which converts moisture to warmth and is currently used in everything from loungewear to T-shirts and socks. Another notable feature is its “AIRism” technology, which keeps the fabric breathable and is currently used in its range of cloth masks. The triple-layer AIRism masks with bacterial filters, which were rolled out in June in Japan were quickly snapped up by hordes of online and offline customers.

However, Fast Retailing’s annual revenues and profits took a hit due to the closure of stores during the pandemic. It reported a 12% drop in annual revenues to 2 trillion yen, or $19 billion, for the year ended August 31, 2020 and a 44% drop in its net profit to $853 million. Uniqlo shut nearly half of its 748 stores in China in January–reopening them in late April. In Japan, 311 of its 817 stores were shuttered in late March and reopened in early May.

Despite these store closures, the Japan Uniqlo business was a bright spot in an otherwise down year. It recorded a 2% increase in profits even as revenue rose 20% year on year in the June to August quarter. Japan Uniqlo sales were boosted by e-commerce sales which rose 29.3% for the fiscal year ended August.

“The spread of Covid-19 has spurred a change in values and encouraged us to scrutinize the way that we live,” Yanai noted in a November message featured on the company’s website.

“The meaning of clothes is also changing as we witness a strong shift away from clothes worn to beautify or emphasize the

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Cyber Monday rings up record $10.8 billion in sales with Amazon touting ‘biggest holiday shopping season so far’

Cyber Monday wrapped up with $10.8 billion in sales, up 15.1% from last year and setting a record for the biggest online sales day in U.S. history, according to Adobe Analytics data.





© Getty Images


“Cyber Monday continued to dominate the holiday shopping season, becoming the biggest online shopping day in U.S. history, despite early discounts from retailers,” said Taylor Schreiner, director at Adobe Digital Insights.    

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“Throughout the remainder of the holiday season, we expect to see record sales continue and curbside pickup to gain even more momentum as shoppers avoid crowds and potential shipping delays.”

Mobile accounted for 37% of sales on Cyber Monday, Adobe said.

See: Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

Cyber Monday discounts included as much as 28% off computers. Shoppers should expect discounts to lessen by 5% to 10% across many categories as we get closer to Christmas Day, according to Adobe.

Still Marshal Cohen, NPD Retail’s chief industry adviser, notes on Twitter that “Cyber Week continues,” as his inbox fills with promotions.

“Either Monday wasn’t big enough or we are just caught in one long continual promotion from the beginning of November,” he tweeted.

BMO Capital Markets analysts observed Cyber Monday promotions that held flat year-over-year, as well as throughout the Black Friday shopping weekend. Some retailers, like Urban Outfitters Nike Inc. and L Brands Inc.’s Bath & Body Works actually became less promotional on Cyber Monday.

“[W]e expect ongoing upside for retail and into next year and believe, for the first time in a while, the power lies in the hands of the retailers and their inventory management; the question will be who chooses to hold the line versus cross it,” wrote analysts led by Simeon Siegel.

So far this holiday season, Adobe says online shoppers have spent $106.5 billion, up 27.7% from last year.

Amazon.com Inc. says that, through Cyber Monday, “2020 has been the largest holiday shopping season so far in our company’s history.” Amazon, as is the company’s usual practice, did not provide numbers to illustrate that statement, but said that world-wide sales at small- and medium-size grew 60%.

Numerator data found Amazon was “the big winner” for the weekend with 19% of total spend, or $1 of every $5 spent.

Amazon kicked off its holiday shopping season with a delayed Prime Day shopping event in October.

Also: Giving Tuesday reminder: Most people fail to take these 3 basic steps before they donate to charity

Amazon’s bestsellers for the season so far include President Barack Obama’s memoir “A Promised Land,” Revlon Inc.’s One-Step Hair Dryer, and Amazon’s own Echo Dot.

Shopify Inc. says sales for its merchants reached $5.1 billion over the long weekend, up 76% between Black Friday and Cyber Monday. Shopify merchants are largely small and independent brands.

U.S. consumers spent an average of $89.20 per order with New York, Los Angeles and London among the top cities.

The Amplify Online Retail ETF has skyrocketed

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Cyber Monday becomes biggest online shopping day in U.S. history, topping nearly $11 billion in sales

Cyber Monday just became the biggest online shopping day in U.S. history, with consumers spending $10.8 billion online, according to Adobe Analytics.



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© Provided by NBC News


Purchases totaled $12 million a minute between 8 p.m. and 9 p.m. PT, with around 37 percent of total purchases coming from smartphones as more shoppers migrate to buying on social media. Curbside pickup was up 30 percent since last year, Adobe said.

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Consumers saw the biggest discounts on computers, sporting goods, toys, appliances, and electronics, Adobe said. Some of the hottest buys included Lego sets, Apple AirPods and Call of Duty: Black Ops Cold War.

“Moving forward into December, the categories that I will expect to be discounted will be the toy category and then also anything holiday themed — gift baskets, gift boxes, decor,” retail and shopping expert Trae Bodge told NBC News.

Although many discounts are set to continue throughout December, experts advise to shop early as shipping delays loom and delivery costs are expected to increase after Dec. 11.

“Leading up into the first few weeks of December, up until Dec. 25 — that’s when the discounts are really going to get deeper,” said Sara Skirboll, shopping expert at RetailMeNot. “But here’s the thing, your items might not exist — and if you’re shopping online, you might run into shipping issues.”

Like the discounts, the record-breaking sales seen on Cyber Monday aren’t specific to one day.

Thanksgiving Day, Black Friday and Small Business Saturday also did well, totaling $5.1 billion, $9 billion and $4.7 billion respectively, according to Adobe.

Small businesses saw a greater increase in sales than larger retailers on Cyber Monday, up 501 percent, according to Adobe, as consumers shop more consciously this year. Seven in 10 shoppers said it is more important to support small businesses than to get the best deal, according to a survey from Union Bank.

Consumers are also “voting with their wallets to support Black-owned businesses and sustainable businesses,” Harley Finkelstein, president of e-commerce platform Shopify, told NBC News’ Jo Ling Kent on Monday. “Consumers will not be driven solely by deals anymore, they’re going to be driven by movements.”

Shopify saw its biggest-ever Black Friday/Cyber Monday weekend, recording a 76 percent growth in sales since last year. Small-business hub Etsy saw an 84 percent increase in sales during the first eight hours of Cyber Monday alone, according to Edison Trends.

Online shopping has seen a continued surge since the beginning of the pandemic, with digital sales up by 174 percent at Best Buy, 155 percent at Target and 79 percent at Walmart during the third quarter alone.

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Cyber Monday rings up record $10.8 billion in sales with Amazon touting ‘biggest holiday shopping season so far’

Cyber Monday sales broke the all-time U.S. record, according to Adobe.


Getty Images

Cyber Monday wrapped up with $10.8 billion in sales, up 15.1% from last year and setting a record for the biggest online sales day in U.S. history, according to Adobe Analytics
ADBE,
-0.79%

data.

“Cyber Monday continued to dominate the holiday shopping season, becoming the biggest online shopping day in U.S. history, despite early discounts from retailers,” said Taylor Schreiner, director at Adobe Digital Insights.    

“Throughout the remainder of the holiday season, we expect to see record sales continue and curbside pickup to gain even more momentum as shoppers avoid crowds and potential shipping delays.”

Mobile accounted for 37% of sales on Cyber Monday, Adobe said.

See: Black Friday traffic at U.S. stores down 52% even as online retail sales hit record high

Cyber Monday discounts included as much as 28% off computers. Shoppers should expect discounts to lessen by 5% to 10% across many categories as we get closer to Christmas Day, according to Adobe.

Still Marshal Cohen, NPD Retail’s chief industry adviser, notes on Twitter that “Cyber Week continues,” as his inbox fills with promotions.

“Either Monday wasn’t big enough or we are just caught in one long continual promotion from the beginning of November,” he tweeted.

BMO Capital Markets analysts observed Cyber Monday promotions that held flat year-over-year, as well as throughout the Black Friday shopping weekend. Some retailers, like Urban Outfitters
URBN,
-0.47%
,
Nike Inc.
NKE,
+0.37%

and L Brands Inc.’s
LB,
-0.69%

Bath & Body Works actually became less promotional on Cyber Monday.

“[W]e expect ongoing upside for retail and into next year
and believe, for the first time in a while, the power lies in the hands of the
retailers and their inventory management; the question will be who chooses to hold
the line versus cross it,” wrote analysts led by Simeon Siegel.

So far this holiday season, Adobe says online shoppers have spent $106.5 billion, up 27.7% from last year.

Amazon.com Inc.
AMZN,
+0.46%

says that, through Cyber Monday, “2020 has been the largest holiday shopping season so far in our company’s history.” Amazon, as is the company’s usual practice, did not provide numbers to illustrate that statement, but said that world-wide sales at small- and medium-size grew 60%.

Numerator data found Amazon was “the big winner” for the
weekend with 19% of total spend, or $1 of every $5 spent.

Amazon kicked off its holiday shopping season with a delayed Prime Day shopping event in October.

Also: Giving Tuesday reminder: Most people fail to take these 3 basic steps before they donate to charity

Amazon’s bestsellers for the season so far include President Barack Obama’s memoir “A Promised Land,” Revlon Inc.’s
REV,
-2.41%

One-Step Hair Dryer, and Amazon’s own Echo Dot.

Shopify Inc.
SHOP,
-1.50%

says sales for its merchants reached $5.1 billion over the long weekend, up 76% between Black Friday and Cyber Monday. Shopify merchants are largely small and independent brands.

U.S. consumers spent an

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Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe says

Customers queue outside Bath & Body Works during black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic.

SOPA Images | LightRocket | Getty Images

Spending online on Black Friday this year surged nearly 22% to hit a new record, according to data from Adobe Analytics, as the Covid pandemic pushed more people to shop from the sofa and avoid crowded stores and malls.

Consumers spent $9 billion on the web the day after Thanksgiving, up 21.6% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100 U.S. online retailers.

This makes Black Friday 2020 the second-largest online spending day in history in the United States, behind Cyber Monday last year, Adobe said. Cyber Monday this year is slated to become the largest digital sales day ever, with spending reaching between $10.8 billion and $12.7 billion, which would represent growth of 15% to 35% from a year earlier.

“New consoles, phones, smart devices and TVs that are traditional Black Friday purchases are sharing online shopping cart space this year with unorthodox Black Friday purchases such as groceries, clothes and alcohol, that would previously have been purchased in-store,” said Taylor Schreiner, a director at Adobe Digital Insights.

As many retailers kicked off their holiday sales in October this year, tied to the delayed timing of Amazon’s Prime Day event, and put more doorbuster deals online, shoppers had less of a reason to head to stores on Black Friday. People who did venture out were greeted with fewer lines and emptier parking lots than holiday sales events of the past.

On Black Friday, Adobe found consumers spent $6.3 million per minute online, or $27.50 per person, on average. Spending on smartphones surged 25.3% year over year to reach $3.6 billion, representing 40% of total e-commerce spending.

And with retailers from Target to Best Buy to Dick’s Sporting Goods encouraging customers to buy online and then safely pick up their orders at stores, the use of curbside pickup on Black Friday increased 52% from a year earlier, Adobe found.

Hot items on Black Friday included Hot Wheels, Lego sets, Apple AirPods, Apple Watches, Amazon Echo devices and Samsung TVs, according to Adobe data, as consumers scoured the web for things to entertain themselves and their kids.

People also are turning to the internet for fresh food and snacks this holiday season. Online grocery shopping on Black Friday surged 397% compared with October daily averages, Adobe said. Sales of personal care products skyrocketed 556%, and online spending on pet products rose 254%.

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Protective Clothing Market worth $12.3 billion by 2025, at a CAGR of 6.9%

The MarketWatch News Department was not involved in the creation of this content.

Nov 25, 2020 (AB Digital via COMTEX) —
The protective clothing market size is projected to reach USD 12.3 billion by 2025 from USD 8.8 billion in 2020, at a CAGR of 6.9% between 2020 and 2025. Rising awareness about the safety of workers and industrial development in developing economies are expected to support the growth of the protective clothing market. The high price of specialized clothing and the requirement of massive investment for R&D are restraining the growth of the market. On the other hand, the use of phase change materials (PCMs) and rising demand for multifunctional clothing have created opportunities for manufacturers. The players in the protective clothing market are mainly concentrating on new product launches, acquisitions, agreements, and expansions to meet the growing demand for protective clothing from various applications. New product launches help companies strengthen their product portfolio and meet the specific demands of customers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1278

PBI is expected to be the fastest-growing segment of the overall protective clothing market during the forecast period.

On the basis of material type, the protective clothing market has been segmented into aramid & blends, PBI, polyamide, cotton fibers, polyolefin & blends, laminated polyesters, UHMW PE, and others. The PBI segment is estimated to register the highest CAGR in terms of value, of the global protective clothing market. The use of PBI in producing protective clothing has increased, as it reduces the overall cost of the clothing and blends easily with other fibers. Protective clothing made from PBI has applications in the automotive, aerospace, firefighting, oil & gas, military, and other industries.

The manufacturing segment is projected to be the largest end-use industry of protective clothing during the forecast period.

The manufacturing segment is projected to dominate the protective clothing market during the forecast period. Governments of various countries have introduced safety regulations for the manufacturing industry. These regulatory policies include the use of safety equipment to reduce accidents and uncertainties in the industry.

North America is expected to account for the largest share of the protective clothing market during the forecast period.

North America is expected to account for the largest market share in protective clothing during the forecast period, in terms of value. The regulations in the region mandate the use of durable and high-performance clothing that can protect the wearer from various threats. The rising awareness among medical professionals regarding healthy medical practices is increasing the demand for protective clothing in the healthcare/medical industry.

The key market players profiled in the report include as 3M Company (US), E.I. du Pont de Nemours and Company (US), Ansell Limited (US), Kimberly Clark Corp (US), Teijin Limited (Japan), Sioen Industries (Belgium), and Lakeland Industries, Inc. (US).

3M Company (US) is developing its protective clothing segment by launching new products and expanding its global presence through acquisition. 3M acquired Scott Safety (US) from Johnson Controls (US) in 2017. The acquisition helped the company widen its

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$2.1 Billion Laboratory Mixer Markets, 2025 – Focus on Shaker, Magnetic Stirrer, Vortex Mixer, Accessories – ResearchAndMarkets.com

$2.1 Billion Laboratory Mixer Markets, 2025 – Focus on Shaker, Magnetic Stirrer, Vortex Mixer, Accessories – ResearchAndMarkets.com

The “Laboratory Mixer Market by Product (Shaker (Rocker, Roller, Orbital Shaker), Magnetic Stirrer, Vortex Mixer, Accessories), Type, End-User (Research Labs, Pharma- Biotech, CROs, Food Labs, Environmental Testing) – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The Global Laboratory Mixers Market Size is Projected to Reach USD 2.1 Billion by 2025 from USD 1.7 Billion in 2020, at a CAGR of 3.7%

The growth in the laboratory mixers market is majorly driven by The increasing research activity in the pharmaceutical and biotechnology industries and rising investments in R&D activities are the key factors driving the growth of this market. However, the high cost of advanced laboratory mixers and long equipment lifespan is expected to restrain the growth of this market during the forecast period.

The laboratory mixers market is also faced a period of short-term negative growth, which can be attributed to factors such as a decline in the product demand from major end-users, limited operations in most of the industries, inadequate funding to research and academic institutes, temporary closure of major academic institutes, disrupted supply chain, and challenges in providing essential/postsales services due to lockdowns.

These factors have led to reduced demand for laboratory mixers from end-users. Research institutes are one of the major end-users of laboratory instruments. As the pandemic resulted in the temporary closure of several research institutes across the globe, this end-user segment has been affected drastically over the last few months.

The wide use of orbital shakers in all basic research activities in laboratories, academic institutes, and pharmaceutical and biotechnology companies is expected to result in the segment occupying the majority of the laboratory mixers market share.

The increasing focus on life science research is one of the major factors driving the demand for laboratory shakers. Most life science laboratories have multiple shakers owing to their wide applications in chemistry, biochemistry, molecular biology, analytical chemistry, microbiology, clinical diagnostics, and cell cultures. The most common application of shakers includes small-scale cultivation of cells in R&D and process development.

Digital Devices estimated to be the fastest-growing market.

Digital devices are estimated to be the fastest-growing segment in the laboratory mixers market. The growth of this segment can be attributed to the use of electronic sound transmission to operate, which makes it easier to connect these devices to a greater number of external devices. These devices are widely used by large pharmaceutical companies owing to the advantages they offer. Unlike analog devices, digital lab mixers have preprogramming functions.

The Asia Pacific market to grow at the highest CAGR during the forecast period.

The laboratory mixers market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is estimated to be the fastest-growing market for laboratory mixers during the forecast period. The Asia Pacific market is driven principally rising prevalence of diseases, increasing life science research, and

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Gaming Accessories Market On Track To Break $6 Billion By 2024

Self-isolation orders created surge in gaming peripherals in 2020

The gaming accessories market continues to climb, on track to achieve 21% volume growth in 2020, according to a new report from Futuresource Consulting.

“There’s no doubt that COVID-19 has made a significant positive contribution to the gaming landscape this year,” Morris Garrard, Research Analyst at Futuresource Consulting said in a statement. “Yet consumer interest was already rising, and the pandemic has simply applied an additive effect. Self-isolation orders created a surge in gaming peripherals, not only for gaming purposes, but also for use when working from home. All of this combined activity across gaming headsets, speakers, keyboards and mice will result in shipments of 97.8 million units, generating a retail value of $4.2 billion by year end.”

Headsets lead the way in Gaming Audio
With over 40% of the worldwide gaming accessories retail market value, gaming headsets account for the lion’s share of the market, with Futuresource forecasting 26% year-on-year volume growth in 2020. However, price sensitive, non-gaming consumers opted for entry-level models during the demand spike in H1, resulting in volume outstripping the growth in retail value this year.

“When it comes to features, spatial audio is the one to watch,” says Garrard. “It delivers cinema-like surround sound and 3D audio to headphones. Its promotion as a gaming headset USP as well as inclusion in next generation console hardware will drive consumer awareness and uptake. Sony is delivering its proprietary service ‘Sony 360 Reality Audio’, whereas Microsoft offers a choice of Dolby Atmos, DTS:X and Windows Sonic on the Xbox Series X and S.”

Looking at brands, the top four gaming headset players, Turtle Beach, Logitech G, Hyper X and Razer, dominated in terms of worldwide volumes in H1 2020, capturing nearly two in every three dollars of overall consumer spend.

Gaming speakers remain a niche category. With high ASPs and a lack of communication functionality, Futuresource expects to see a decrease in consumer demand in 2020, as price sensitive consumers opt for more versatile headset options.

Keyboards Deliver the Edge
Futuresource expects the gaming keyboard market to grow by 17% in volume terms in 2020. Although working from home has bolstered the growth of gaming keyboard demand, many employees are typically using laptops, so the impact has been less drastic than that seen in the headsets vertical.

“An aftermarket gaming keyboard offers gamers a significant number of advantages when compared with a standard multipurpose PC keyboard,” says Garrard. “The major benefit is reduced input latency, giving the gamer crucial extra milliseconds in-game, which provides a discernible competitive advantage. In addition, a high proportion of gaming keyboards feature mechanical switches rather than membrane connections, which are more common in non-gaming keyboards. These switches offer greater customizability in terms of optimizing input response times and minimizing finger fatigue. Gaming keyboards typically also feature customizable RGB lighting, which can aid in game immersion through synchronizing lighting effects with game audio.”

Feature-Rich Mice Commanding High

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India Disposable Protective Clothing Market on Target to Reach $1.43 billion by 2027

Pune,Maharashtra, India,Nov 23 2020 (WiredRelease) Allied Analytics:According to the report published by Allied Market Research, theIndia disposable protective clothing marketgenerated $0.45 billion in 2019, and is expected to generate $1.43 billion by 2027, registering a CAGR of 15.5% from 2020 to 2027. The report offers an in-depth analysis of changing market dynamics, top winning strategies, key investment pockets, major segments, Porters Five Forces, and competitive scenario.

Rise in demand from end-user industries such as food and beverages and medical along with strict government regulations drive the India disposable protective clothing market. However, high costs associated with production of multipurpose clothing hinder the market growth. On the other hand, surge in investments in research and development activities present new opportunities in the coming years.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7161

Covid-19 Scenario:

The demand for disposable protective clothing has been increased significantly as protective equipment for medical staff deployed for treatment of coronavirus infected patients.With considerable increase in number of Covid-19 cases, Indian governments have been importing personal protective clothing from various countries such as Singapore to fulfill the demand. Moreover, other medical staff has been using this type of clothing for preventing cross-contamination.Many companies have invested in manufacturing of disposable protective clothing for meeting the ever-increasing demand. They have also donated their machinery compatible for producing clothing to scale up production.The demand from the food and beverages sector has been increased for safety of employees and prevention of cross-contamination.

The report offers a detailed segmentation of the India disposable protective clothing market based on type, product, application, and end-user industry.

On the basis of type, the polyethylene segment accounted for the largest share in 2019, accounting for nearly two-fifths of the total market share, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is estimated to portray the highest CAGR of 16.0% from 2020 to 2027. The report offers an extensive analysis of segments including polypropylene, polyester, and others.

Get Detailed COVID-19 Impact Analysis on the India Disposable Protective Clothing Market @ https://www.alliedmarketresearch.com/request-for-customization/7161?reqfor=covid

Based on application, the thermal segment contributed to the highest market share in 2019, accounting for more than one-third of the total share, and is expected to continue its dominance during the forecast period. In addition, this segment is estimated to witness the highest CAGR of 16.6% during the forecast period. The research also explores segments such as mechanical, chemical, radiation, and others.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/7161

Based on end-user industry, the healthcare segment held the largest market share, accounting for more than two-fifths of the total share in 2019, and will maintain its lead status throughout the forecast period. Moreover, this is expected to portray the highest CAGR of 16.5% from 2020 to 2027. The report also analyzes segments such as manufacturing, oil gas, defense, and others.

Leading players of the India disposable protective clothing market analyzed in the report include LakeLand Gloves and Safety Apparel Pvt. Ltd., Surgeine Healthcare (India) Pvt. Ltd, Narang Medical Limited, Mallcom (India) Ltd, GPC Medical

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Global $39.96 Billion Pulmonary Devices Market to 2027: Consumables and Accessories to Grow at the Highest Rate

Dublin, Nov. 20, 2020 (GLOBE NEWSWIRE) — The “Pulmonary Devices Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Type; Application; End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.

The market was valued at US$ 18,598.56 million in 2019 and is projected to reach US$ 39,965.01 million by 2027 and is expected to grow at a CAGR of 10.1% during 2020-2027.

Market for Consumables and Accessories to Grow at Highest CAGR during 2020-2027

The global pulmonary devices market,based on type, is segmented into therapeutic devices, consumables and accessories, diagnostic devices, and monitoring devices. The therapeutic devices segment held the largest share of the market in 2019, and this growth is ascribed to the increasing demand of inhalers and nebulizers by patients suffering with asthma and chronic obstructive pulmonary disorders.

However, the consumables and accessories segment is estimated to register the highest CAGR during the forecast period. Also, the impact of the COVID-19 crisis is expected to further accelerate the growth of the respiratory devices market. Critical care devices are being manufactured in increased quantities to meet growing demand. The state of affairs resulting from the pandemic has resulted in alliances between healthcare and non-healthcare industries to manufacture respiratory care devices.

Moreover, the US FDA has authorized the use of CPAP and similar devices to help cover the forecasted shortage of ventilators in COVID-19 treatment.

The growth of the pulmonary devices market is attributed to factors such as rising number of COVID-19 cases worldwide and increasing prevalence of respiratory diseases. However, the unfavorable reimbursement scenario associated with the respiratory devices restrain the growth of the market.

Koninklijke Philips N.V, Caire Inc. (Chart Industries), Inogen Inc., Invacare Corporation, O2 Concepts, Nidek Medical Types, Inc., Drive DeVilbiss International, GCE Group, Besco Medical, and Inova labs Inc. (ResMed) are among the leading companies operating in the global pulmonary devices market.

Key Topics Covered:

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation

2. Pulmonary Devices Market – Key Takeaways

3. Research Methodology

4. Pulmonary Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysisis
4.3 Expert Opinion

5. Pulmonary Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of COVID-19 Cases Worldwide
5.1.2 Increasing Prevalence of Respiratory Diseases
5.2 Market Restraints
5.2.1 Unfavourable Reimbursement Scenario
5.3 Market Opportunities
5.3.1 Strategic Activities by Manufacturers
5.4 Future Trends
5.4.1 Increasing Preference of Home Care Products
5.5 Impact Analysis

6. Pulmonary Devices Market – Global Analysis
6.1 Global Pulmonary Devices Market Revenue Forecast And Analysis
6.2 Global Pulmonary Devices Market, By Geography – Forecast And Analysis
6.3 Market Positioning of Key Players

7. Pulmonary Devices Market Analysis- By Type
7.1 Overview
7.2 Pulmonary Devices Market Share, By Type, 2019 & 2027 (%)
7.3 Therapeutic Devices
7.3.1 Overview
7.3.2 Therapeutic Devices Market Revenue and Forecasts to 2027 (US$ Million)
7.4 Consumables and Accessories
7.5 Diagnostic Devices
7.6 Monitoring Devices

8. Pulmonary Devices Market Analysis- By Application
8.1 Overview
8.2 Pulmonary Devices Market Share, By Application, 2019

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