The China medical tourism industry was worth US$ 8.9 billion in 2022, and it is predicted that it will grow at a CAGR of 16.1% to reach US$ 45.98 billion by 2033. Factors such as decreased treatment costs in developing countries, accessibility to the most up-to-date medical technology, boosting compliance with international and local requirements for quality and service, along with …
Monthly Archives: November 2023
Dive into the Flourishing Yoga and Meditation Industry, Projected to Grow at 14.3% CAGR to Reach US$ 23 Billion by 2033 | FMI
In 2023, it is anticipated that the yoga and meditation industry will be worth US$ 6,063.57 million. By 2033, the market is anticipated to reach US$ 23,000 million. The market is also anticipated to grow rapidly from 2023 to 2033 at a CAGR of 14.3%. Sales of personal workout mats have surpassed previous levels, in line with the present demand …
Global Decorative Plastic and Paper Laminates Market Set to Reach US$ 113 Billion by 2028
The decorative plastic and paper laminates market has witnessed significant growth, with projections indicating a value surge from US$ 66 billion in 2018 to an estimated US$ 113 billion by the end of 2028. This upward trajectory suggests a robust Compound Annual Growth Rate (CAGR) of 5.5% throughout the forecast period. The market is poised …
Global Underwater Hotels Industry Makes Waves, Reaching US$ 11.6 Billion by 2032 with a Remarkable 13.6% CAGR | FMI
The global underwater hotels industry is projected to reach US$ 11.6 billion by 2032, up from US$ 3.5 billion in 2022, progressing at a significant CAGR of 13.60% during the forecast period from 2022 to 2032. The growth of the Underwater Hotels industry was mainly driven by the increasing R&D spending across the world. The demand for underwater hotels is surging as …
Fueling Growth: Global Coal Tar Pitch Market to Reach US$ 5,145.5 Million in Sales by 2028 FMI Forecasts
The coal tar pitch market is set for robust growth, with Future Market Insights projecting a 5.5% year-on-year increase in 2022, culminating in a total value of approximately US$ 3,749.6 Million by the year’s end. Looking ahead, the global landscape is poised to experience a substantial Compound Annual Growth Rate (CAGR) of 5.4% from 2022 …
Embrace the Growth of the Electric Toothbrush Industry, Forecasted at US$ 9.8 Billion with a Remarkable 7.8% CAGR by 2033 | FMI
Global demand for an electric toothbrush industry is expected to register a CAGR of 7.8% by garnering a market value of US$ 9.8 billion by 2033. The market is currently estimated to hold a value of US$ 4.6 billion in 2023. Consumer preferences in the personal care segment are rapidly evolving. There is a growing consumer penchant for efficient, easy-to-use, and …
Car Wax Sales Accelerate with a 4.5% CAGR, Projected to Surpass US$ 1.1 Billion by 2028
In 2021, the global car wax market achieved a noteworthy valuation of approximately US$ 850 million, and it is anticipated to experience a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 4.5%, reaching over US$ 1.1 billion by 2028. Car wax sales constitute a substantial 5.5% share within the broader car care …
Oilfield Production Chemicals Market Poised for Strong Growth: Anticipates a Significant 4.0% CAGR by 2028
Future Market Insights (FMI) has forecasted the oilfield production chemicals market to grow with a year on year growth of 4.0% in 2022 reaching a value of about US$ 3,021.8 Million by 2022 end. The global business is anticipated to witness a considerable CAGR of 4.0% during the period of 2022 and 2028. Increased consumption of Oilfield Production Chemicals in …
Furfuryl Alcohol Market Set for Robust Growth: Surging at a 5.9% CAGR, Sales Projected to Exceed US$ 1.5 Billion by 2028
In the dynamic landscape of industrial chemicals, Future Market Insights (FMI) foresees a robust growth trajectory for the furfuryl alcohol market, anticipating a steady 5.9% Compound Annual Growth Rate (CAGR). This optimistic projection is poised to propel sales beyond the US$1.5 billion mark by the year 2028. The resilience and upward momentum of the furfuryl …
Dominance Unveiled: North America’s Leading Role in the Reverse Cap Bottles Market, Estimated US$ 592.38 Billion By The Year 2032 | FMI
Anticipated to exhibit a 4% Compound Annual Growth Rate (CAGR) until 2032, the reverse cap bottles market currently stands at a valuation of US$ 397.78 billion and is projected to reach an estimated US$ 592.38 billion by the year 2032. The reverse cap bottles market exhibits a global landscape, segmented into North America, Latin America, …