Electric Water Picks Market: An Overview
Electric water picks are devices that are majorly used in hospitals and dental clinics to stream water jet at teeth at a high speed. Depending upon applications, the frequency of the water stream can be altered. This helps in removing bacteria and plaques inside teeth.
An upcoming report on the electric water picks market is expected to offer through in-depth analysis of several factors including latest trends, development, and challenges pertaining in the industry. Further the report also presents a thorough of analysis of strategies adopted by the top players and their impact on the electric water picks market’s growth during the forecast period.
Electric Water Picks Market: Notable Developments
The competitive landscape of the electric picks market is fragmented with the presence of several prominent players. Some of the major players operating in the electric water picks market are Water Pik, Philips, Panasonic, Oral-B, Aquapick, Jetpik, Hydro Floss, Interplak, and Matwavew.
These players are focusing on organic growth strategies in order to consolidate their market share in the electric water picks market. Some of primary strategies adopted by them are mergers and collaboration, business expansions, and partnerships.
For instance, in 2017, Church & Dwight, a wide range of personal care, household and specialty products provider, acquired Water Pik, in June 2017. The acquisition worth $265 million to the Church & Dwight. It helped the company strengthen its market hold in the electric water picks market. Further, it offered new dynamics to the growth of the electric water picks market.
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Electric Water Picks Market: Latest Trends
The global electric water picks market is expected to offer numerous opportunities to several players operating in the industry. This is mainly due to the rising applications of the electric water picks in residential, dental, and hospital segments.
Increasing consumptions of alcohol, smoking, fast food, and artificial sweaters are contributing to the growth of the electric water picks market. This is because all these food items deteriorates the teeth conditions and deposit plaques over teeth. The prolonged deposition of plaques decreases the aesthetic appeal and cause toothache to individuals. The rising awareness among the people to treat growing plaques in their teeth is propelling the growth of the electric water picks market.
On the flipside, despite several opportunities, growth in the electric water picks market is likely to be hampered due to availability of cheaper substitute to the water picks market.
Nevertheless, to overcome this player are investing to integrate their products with several other devices. In addition to this, they are making electric water picks portable and easy-to-use so that common people can use this without much trouble. Along with this, they are making device flexible so that it can rotate in different angles.
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Electric Water Picks Market: Regional Outlook
Based on region, the global water picks market is divided in several regions including North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. Among this, North America is expected to hold highest growth rate. This is mainly because the presence of large number of players in the region. In addition to this, high alcohol consumption in the region is another factor propelling the growth of the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.