This post will explain why investing in the electronic toothbrush market is vital. We’ll conduct a quick market trend study. First and foremost, the reader should understand that investing in the electric toothbrush business is a technical investment. As we have seen around the world, technology is the new oil. Therefore, investing in an electric toothbrush is not a waste of money. Below, we’ll look at how viable the electric toothbrush business is and explain some elements that influence sales.
According to many reports, sales of electric toothbrushes for children are expected to grow at a higher CAGR of 7.0 percent over the next decade. The rise in pediatric tooth decay and cavities has prompted parents to pay greater attention to their children’s oral health and hygiene. Furthermore, many children dislike brushing their teeth daily, and electric toothbrushes are more interesting for youngsters, allowing them to maintain good oral health.
The research analyzes the leading top market players in the Electric Toothbrush market, including their business overview, operations, geographical locations, financial analysis, SWOT profile, and Carbon Black products and services.
COVID-19: Analysis of the Current Situation, Potential Impact, and Strategic Situation
Various communities and businesses are working hard to function and perform, and finally deal with the obstacles posed by the COVID-19 epidemic. The COVID-19 epidemic has had a negative influence on market size for 2020, with small and medium-sized firms struggling to stay afloat in the short term. Leaders in the industry are now concentrating on developing new business methods to deal with crisis scenarios such as the COVID-19 pandemic.
During the forecast period, the global electric toothbrush market is expected to grow at a CAGR of 6.88 percent (2020 – 2025).
During the study period, the market grew significantly as a result of an increase in dental diseases and increased awareness about oral hygiene. Furthermore, rising consumer disposable income, particularly in developing nations such as China and India, combined with manufacturers’ focus on producing novel products with greater benefits, such as smart electric toothbrushes, are expected to boost market expansion in the next years.
In addition, the market for electric toothbrushes is segmented by product type and end-user. The market has been divided into two categories: rechargeable and battery when it comes to product types. In 2018, the rechargeable sector had the most significant market share, and this trend is projected to continue in the following years. The product has benefits over both battery-powered and manual toothbrushes. Furthermore, in the coming years, oscillating-rotating technology is expected to improve sales of rechargeable electric toothbrushes. As a result, the segment is predicted to grow faster throughout the forecast period, reaching a valuation of USD 4,526.8 Mn by 2024.
Another incentive to engage in this expanding market is that electric toothbrushes are undergoing significant technological developments. As previously said, an investment in technological advancement is never a waste of money.
If you have an elderly family member or a child, the magnetic charging cable may be your best option. The USB charger is not waterproof and can short circuit if it’s plugged in water for too long – but that doesn’t happen with the magnetic charger! Magnetic chargers also make it easier to plug devices into sockets because there isn’t any risk of them falling out halfway through charging.
What type of electric toothbrush do you use? Does it have a magnetic or USB charge? What kind do you have?