Thailand Tourism Market is Expected to be Valuated at US$ 57 Billion in 2022

The Thailand tourism market which is now valued at US$ 57 billion in 2022 and is projected to increase at a CAGR of 3% to reach US$ 76.60 billion in 2032.

The rich history, wildlife, food and many other factors are expected to increase the influx of tourists and drive the demand for Thailand tourism.

Thailand is located in South East Asia. In fact, Thailand remains to be the only South East Asian country which was never colonised by any European Nation. The name ‘Thailand’ itself means ‘land of the free’.

Thailand was once popularly known as ‘the Venice of East’. The reason being that the waterways were the mode of transportation. Although Thailand doesn’t have any official religion, more than 90% of Thais are Buddhist.

The Thai is the most widely spoken language in Thailand.

Apart from that, Thailand also has the reputation of being the largest exporter of Orchids in the world.

Moreover, the bumble bee bat, which is the smallest mammal in the world is found in Thailand.

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What are the Current Market Dynamics pertaining to Thailand Tourism Market?

Thailand is believed to be one of the most famous destinations for rock climbers. The tourists from across the world visit the Railay beach for rock climbing. This something which tourists look forward to while visiting Thailand.

Thailand is also the place for some of the most beautiful beaches. The beaches are or everybody, be it for spending time in solace, for partying, or for learning to dive.

Both Phuket and Krabi, which are located in Southern Thailand are thronged by tourists across the world. They are incredibly famous for their well-developed facilities and plentiful activities.

Likewise, on the East of Thailand, islands like Ko Pha-Ngan and Ko Samui are stunning beaches and is especially for those who want to stay away from the hustle of the cities, and need to spend some peaceful time.

Who are Some of the Key Players in the Thailand Tourism Market?

Some of the key players in the Thailand tourism market are: Bangkok Travel Agency Thailand, NS Travels & Tours, Elite Holiday & Agency, Sun leisure World, Holiday Tours and Travel, Bike Tours Thailand, Thailand Holiday Group, Thai Travel Plus Co. Ltd., TIC Holidays Company Limited, Thrilling Thai tours ltd., Discover Thailand Co. Ltd., Exodus Travels, and Thailand Elite Travel Agency

Thailand tourism market is expected to face a tough rebuild as all the covid travel curbs ends from July 2022. The rebuild is expected to be challenging following tough norms and lack of tourists visiting Thailand.

Thailand’s new tourism campaign, Amazing Thailand New Chapter, is an attempt to revive the country’s economy.

  • Thrilling Thai tours were the winners of the Get Your Guide Awards, 2018.
  • Exodus travels won the Wanderlust Awards Best Response to the Pandemic – Bronze.

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Key Segments Profiled in the Thailand Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 56-65 years
  • 66-75 years

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

By Tourist Type:

  • Domestic
  • International

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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1,4-Dicyclohexylbenzene Market will Record a Sluggish 3.7% CAGR through 2031

Future Market Insights (FMI) forecasts an increase in demand for 1,4-Dicyclohexylbenzene in the chemical, paints & coatings, and electrical and electronics industries in its most recent report. According to the research report, the 1,4-Dicyclohexylbenzene market is predicted to develop at a 3.7% CAGR between 2021 and 2031.

The use of 1,4-Dicyclohexylbenzene as a solvent in paints and plastic goods used in the vehicle sector will drive up demand for the compound.

Apart from the automobile industry, the chemical industry will be a major user of 1,4-Dicyclohexylbenzene due to its use as a chemical intermediary in the production of phenol, which is then used to make epoxy resins.

In addition to this, the increasing demand from the electrical and electronics sector, to meet intensive specifications and requirements of consumer electronics and other devices is expected to create significant growth opportunities. These factors will prove crucial for consistent growth of the global 1,4-Dicyclohexylbenzene market.

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Key Takeaways from 1,4-Dicyclohexylbenzene Market Study

  • China has emerged as a leading consumer of 1,4 – Dicyclohexylbenzene owing to strong presence of chemical, automobiles, and electrical and Electronics industries in the country.
  • The chemical industry is the largest consumer of 1,4-Dicyclohexylbenzene, exhibiting increasing application in the production of diverse chemicals.
  • South Korea and Japan also will emerge as lucrative markets with East Asia. Globally, these countries are expected to account for 9.4% of 1,4-Dicyclohexylbenzene sales in 2021.
  • Sales in the U.S. will consistently rise, accounting for 85.9% of demand in North America in 2021.

 “Increasing application in chemical production will drive the 1,4-Dicyclohexylbenzene market. In order to capitalize on existing opportunities, market players are expected to enter into partnership agreements with regional players,” said an analyst at FMI.

1,4-Dicyclohexylbenzene Market: Participant Insights                                        

Key manufacturers in the 1,4-Dicyclohexylbenzene market, such as, Schultz Canada Chemicals Co. ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., Tokyo Chemical Industry Co. Ltd., Syntechem Co. Ltd, among others are focusing on introducing new products in the 1,4-Dicyclohexylbenzene market. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field.

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1,4-Dicyclohexylbenzene Market by Category

By Product Type:

  • Below 99%
  • Above 99%

By Application:

  • Adhesives
  • Paints & Coatings
  • Electrical & Electronics
  • Chemical Intermediate
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa

Moreover, significant growth potential exists in emerging economies such as those in Asia Pacific. There is a considerable demand for dicyclohexylbenzene-based products in India and other Southeast Asian countries.

Since the chemical industry is consolidated, investment in product development by key manufacturers is expected to create considerable opportunity across various end-use industries. As per the report, the demand in electronics, pharmaceuticals, cosmetics and other sectors will lead to an increase in the consumption of 1,4-Dicyclohexylbenzene.

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1,4-Diisopropylbenzene Market Is Expected To See a growth of 3.8% | Future Market Insights

Growing demand for various kinds of 1,4-diisopropylbenzene from numerous industries, particularly chemicals and electrical & electronics industries, is expected to drive the 1,4-diisopropylbenzene market between 2021 and 2031, according to a recent research analysis by Future Market Insights (FMI).

According to the research, the 1,4-Diisopropylbenzene market is expected to rise at a CAGR of 3.8% during the next five years.

Because of the use of 1,4-Diisopropylbenzene as a solvent in paints, synthetic lubricants, and polymers used in the vehicle and construction industries, the market is benefiting from the increased demand for synthetic lubricants and polymer goods.

However, stringent regulations imposed on the use of synthetic chemicals that are harmful for environment and human health, coupled with shifting consumer preferences towards cleaner and greener alternatives, is expected to control the sales of 1,4-Diisopropylbenzene.

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Key Takeaways from 1,4-Diisopropylbenzene Market Study

  • 1,4-Diisopropylbenzene market value is expected to total US$ 110.7 Mn in 2021
  • The U.S. is expected to remain a leading market, accounting for nearly 84.7% of sales in North America in 2021
  • Germany, France, and Russia are expected to exhibit steady growth in demand for 1,4-Diisopropylbenzene in Europe. Among these countries, Germany is expected to remain dominant
  • Application of 1,4-Diisopropylbenzene as chemical intermediate will account for maximum sales of nearly 32.6% in the market in 2021
  • China is expected to remain the leading market for 1,4-Diisopropylbenzene within East Asia through the course of the forecast period

1,4-Diisopropylbenzene Market: Participant Insights

According to the report, Eastman Chemical Company, Sagechem, Goodyear Chemicals, Syntechem Co. Ltd. Tokyo Chemical Industry Co. Ltd., Biosynth Carbosynth among others are identified as key players in the 1,4-Diisopropylbenzene market.

Key manufacturers are focusing on introducing improvements in the 1,4-Diisopropylbenzene to gain competitive edge. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field and many others are adopting strategic collaborations and agreements to share investments and resources to reduce the risk and increase the revenues in the market.

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1,4-Diisopropylbenzene Market by Category

By Product Type:

  • Standard
  • High Purity

By Application:

  • Paints & Coatings
  • Electrical & Electronics
  • Chemical Intermediates
  • Solvents
  • Graphic Arts
  • Others

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Phosphates Market to Display Impressive Growth of 2.7% with Rising Demand

The global phosphates market has seen consistent demand from a variety of end-use industries, including agrichemicals, animal feed, cleansers and detergents, food and drinks, water treatment, and others. According to the most recent analysis by Future Market Insights (FMI), the worldwide phosphate market is expected to increase at a 2.7% annual rate from 2021 to 2031.

Because of their importance in the fertilizer sector, ammonium phosphate and calcium phosphate are expected to remain major product types in the global market. Among the more prevalent varieties are diammonium phosphate, monoammonium phosphate, single super phosphate, and triple super phosphate.

With increased concerns about food security as the world’s population grows, demand for phosphate-based fertilisers is expected to rise in the future years. Furthermore, the global decrease in arable land area as a result of urbanisation and industrialisation has fueled the expanding need for phosphates.

The phosphate market is expected to slow during the Covid-19 crisis due to a fall in demand from the industrial sector. Despite the crisis, the market has seen a favourable outlook due to the output of agricultural products and animal feed. These elements will be critical for the global phosphates market’s continued expansion.

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Key Takeaways from Phosphates Market Study

  • The global phosphates market is anticipated to reach a value of US$ 21,169.7 Mn by the end of the forecast period in 2031.
  • Ammonium phosphate is expected to remain the dominant product type owing to higher agriculture applications accounting for three quarters of the global market through 2031.
  • China is dominant in East Asia with a value share of over 95% through 2031, supported by large scale agriculture and chemicals industries.
  • India will reflect above average growth with a CAGR of 3% through 2021, owing to its position as a leading agrarian economy.
  • Brazil will hold over 50% of the Latin America market through 2031, owing to government incentives towards large-scale agriculture practices.

Phosphates Market: Participant Insights

Key players are focusing on strategic expansions by expanding production capacity in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants. They are focusing on strengthening of their product portfolio while strengthening distribution networks.

Market participants in the global phosphates market are Nutrien Ltd., The Mosaic Company, YARA International, EuroChem, Prayon SA, Ma’aden-Saudi Arabian Mining Company, PhosAgro, Jordan Phosphates Mines Company (PLC), Aditya Birla Chemicals, Israel Chemicals, KazPhosphates LLC, Sulux Phosphates Limited, Zimbabwe Phosphates Industries Limited, OCP Group, Innophos Holdings, Inc., Chemische Fabrik Budenheim KG, Haifa Chemicals ltd., URALCHEM JSC, Solvay SA, OCI Company Ltd., Cabot Microelectronics Corporation, Asia Union Electronic Chemical Corp., Hubei Xingfa Chemicals Group Co., Ltd., Yichang Municipal Pacific Chemicals Co., Ltd (YMPCC), Sichuan Blue Sword Chemical (Group) Co., Ltd., Foskor (Pty) Ltd., and Industries Chimiques du Senegal.

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Phosphates Market by Category

By Product Type:

  • Ammonium Phosphate
  • Calcium Phosphate
  • Potassium Phosphate
  • Sodium Phosphate
  • Others

By Grade:

  • Food & Feed
  • Pharmaceutical
  • Industrial

By End Use:

  • Agrochemicals
  • Food & Beverages
  • Animal Feed
  • Cleansers & Detergents
  • Pharmaceutical & PC
  • Water Treatment
  • Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Defoamers Market: Top trends driving the industry to reach US$ 1.9 Bn

Increasing demand from the pulp and paper and wastewater industries is predicted to contribute significantly to the growth of the defoamers market, according to a recent analysis by Future Market Insights (FMI). According to the analysis, the market will be worth US$ 1,920.0 Mn by the end of 2031, growing at a CAGR of 4.0% during the forecast period.

According to FMI, silicone defoamers will account for more than one-third of market value share in 2021 and will maintain this dominance throughout the evaluation period. However, the market witnessed a significant decrease in 2020 as a result of the terrible economic environment generated by the covid-19 epidemic.

A defoamer is a chemical additive, also known as an anti-foaming agent, that aids in the reduction of foam formation and the prevention of excess foam development in industrial process liquids. Defoamers are widely utilized in a variety of industrial verticals for a variety of applications such as pulp and paper, paints and coatings, water and wastewater treatment, food processing, chemical formulation, textiles, and so on.

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Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions.

Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021.

Key Takeaways of Defoamers Market Study

  • Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
  • Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
  • China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
  • Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
  • The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.

“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst

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Market Landscape: Competitive Overview

The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.

Key market participants include BASF SE, Dow Chemical Company, Evonik Industries, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.

Defoamers Market by category

Product Type:

  • Powder
  • Silicone  Defoamers
  • Oil Defoamers
  • Emulsion Defoamers
  • Polymer Defoamers

By Medium of Dispersion:

  • Aqueous Systems
  • Non-Aqueous/ Solvent

Application Type:

  • Chemical Formulation
  • Textiles
  • Construction Materials (cement, mortar, grouts etc.)
  • Paints & Coatings
  • Pulp & Paper
  • Food Processing
  • Pharmaceuticals
  • Household & Personal Care
  • Water and Wastewater treatment

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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Want to Know More?

Future Market Insights has published a market research report on the Defoamers market that contains global and Indian industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Defoamers market through three different segments- product type, end use and region. The Defoamers market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Turkey Medical Tourism Market is Valued at Around US$ 3.5 Billion in 2022

The turkey medical tourism market which is valued at around US$ 3.5 billion in 2022, is anticipated to grow at a CAGR of 5%, and is expected to be valuated at nearly US$ 7.6 billion in 2032.

Turkey is fast becoming one of the major destinations for medical tourism dueto the low treatment prices as compared to other nations. A secure and safe environment, established hospitals, skilled doctors and right climate conditions are some of the factors that determine the potential of a medical tourism destination.

There are two unique and imperative explanations behind individuals who travel abroad for medical purposes – high treatment costs in native country and seeking better nature of medicines. Turkey is known for its historical, cultural and natural beauty that attracts tourists to visit the country. Turkey comes first in the minds of patients who look for both medical treatment and holidays at the same time.

Turkey is known to be one of the best health care destinations because it provides world class certified staff, good hospitals and a tourist friendly environment. Some of the major treatments offered by well-known hospitals in Turkey include plastic surgery, dental treatment, cosmetic surgery, electric surgery, hair transplants, in-vitro fertilisation, eye surgery, cardiology and cardiovascular surgery, orthopaedics and traumatology.

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Medical Tourism in Turkey: Trends and Analysis of Key Drivers

Medical tourism in Turkey offers a complete package including medical care, spas, thermal, and wellness services along with accommodation in luxury hotels. Turkey medical tourism offers one-stop administration that includes treatment duration, sorting out meetings with health care professionals and booking convenience etc.

The global financial crisis has played a significant role in increasing influx of medical tourists to Turkey due to the low-cost medical procedures and vacations in the country. Demand for cosmetic surgeries such as facial implants, skin resurfacing, nose, ear, eyelid and tummy tuck surgery, hip replacement, liposuction, breast lift, breast augmentation, breast reduction and chemical peel are increasing in Turkey due to the rise in the cost of such surgeries in Europe and North America.

High-quality medical care is available at reasonably low prices in Turkey. People prefer to go for medical treatments to Turkey, because of the highly skilled staff and doctors in private hospitals and clinics. Advanced medical technologies such as Cyberknife, Vinci surgery robot, real beam, PETCT, IGRT, MRI, and Gamma knife is used efficiently by private hospitals and clinics in Turkey and some hospitals are affiliated with the top U.S health institutions such as Harvard Medical School and John Hopkins Medicine.

The cost of many treatments is half in Turkey as compared to Western Europe and the U.S. Some of the hospitals that provide world class facilities and best treatment in Turkey include Anadolu Medical Center, Bayindir Hastaneleri Hospital and Guven Hospital. Further, Turkey has introduced tax-free health care zones with the main focus of attracting foreign medical tourists.

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Medical Tourism in Turkey: Restraints

However, medical tourists visiting Turkey find it difficult to communicate with locals and health care professionals at the time of their visit. People find it difficult to get the necessary information about good hospitals and skilled medical professionals and more legal framework and complex processes are involved here. Medical tourism facilitators enable the foreign travellers to overcome these challenges and act as a representative of the tourists in the destination throughout the treatment process.

Medical Tourism in Turkey: Top Cities

The three top most cities known for their health care facilities in Turkey are Istanbul, Ankara, and Izmir, offering one-stop services to a large number of patients coming from other countries beginning from the day of meeting with the health care professional to the day of departure.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

Key Segments Profiled in the Turkey Medical Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 56-65 years
  • 66-75 years

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Medical Tourism Market is Expected to Expand at a CAGR of 30.5% Between 2022 and 2032

The medical tourism market would be worth more than US$ 5.2 Billion in 2022. Some of the market’s main drivers are cost savings and extra advantages to visitors such as improved healthcare, new technology, breakthrough medications, sophisticated gadgets, greater hospitality, and personalised care. The size of the medical tourism industry is expected to expand at a CAGR of 30.5% between 2022 and 2032. FMI predicts that the market will be worth US$ 75 Billion by 2032. The global medical tourism industry’s growth is likely to be attributed to:

Availability of cheaper treatment options abroad without compromising on the overall standard and quality of healthcare services is the chief driver of medical tourism in the East. The field contributes significantly to the generation of revenue across developing economies, which has been motivating government aids.

Besides this various government and non-government machineries are contributing towards campaigns to encourage medical tourism. Their efforts are indicative of opportunities existing in the field. For instance, the Tourism Authority of Thailand has launched a very effective e-campaign a couple of years back to assert the country’s position in the global medical tourism landscape. Besides this, various campaigns are launched in India to promote yoga and spiritual centers within the country.

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key takeaways :

  • The U.S. is expected to lead in terms of healthcare travel spending, however, in the coming years China’s spending is forecast to surge considerably
  • Among services offered under medical tourism, therapeutic services are highly sought-after. Wellness services too are gaining traction as an increasing number of medical tourists are seeking meditation and wellness retreats
  • Phone and online booking will remain more preferred modes of booking for medical tourism
  • Medical tourism is often sought for cancer and cardiovascular treatment. Besides this, cosmetics and bariatric procedures are very popular among medical tourists

Medical Tourism Shows Resilience amid COVID-19

While the unprecedented COVID-19 outbreak might have caused significant disruptions, recovery is on card, thanks to prompt response by governments around the world. Thailand’s response to the ongoing pandemic, for instance, has won praise from the United Nations, the World Health Organization, and other experts around the world. Thailand has been ranked among the top five countries among 184 in terms of the effectiveness of their battle against the virus.

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According to the Thailand Board of Investment, more than 50 applications for investments, worth over US$ 400 million were submitted during the first half of 2020 to introduce a range of novel measures, accelerating investment in the medical sector. Proactive steps taken by government and non-government organizations will enable the medical tourism market sail despite losses incurred during COVID-19.

Who is winning?

Medical tourism market is expanding at a fast rate. Tier 1 companies such as AsklepiosKlinikenGmbH, Bangkok DusitMedical Services, Fortis Healthcare Limited, Apollo Healthcare, BumrugrandInternational Hospitals, ChristusMughuerza, and others contribute nearly 6% to 17% of revenue generated by the market.

Tier 2 companies operating in the market include Asian Heart Institute, Prince Court Medical Center, ShouldiceHospital, Gleneagles Hospital, ClemenceuMedical Centre, AnadoluMedical Centre, and others. These companies account for the lion’s share of the global market.

Key Segments

Americas

  • Global Healthcare Connections, Inc.
  • Christus Muguerza S.A.P.I De CV
  • Shouldice Hospital

Europe

  • Asklepios Kliniken GmbH

Asia-Pacific

  • Fortis Healthcare Ltd
  • Apollo Hospitals
  • Gleneagles Hospital
  • Bumrungrad international Hospital
  • Bangkok Dusit Medical Services
  • Asian Heart Institute
  • Prince Court Medical Center

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Luxury Yacht Market Will Generate New Growth Opportunities in Upcoming Year

The word yacht is derived from the Dutch word ‘jacht’ meaning hunt. Luxury yachts are also known as “Floating Palaces or Floating Real Estates”. They are the epitome of luxury spending. Luxury yachts are privately owned, professionally crewed and highly expensive motor yachts.

The various stakeholders of the luxury yacht market are yacht manufacturers, brokerage firms and brokers, designers, harbour management services, equipment and accessory sectors, journalists and potential buyers.

The luxury yacht market is both a B2B and B2C market as HNWI (high net worth individuals) and UHNWI (ultra-high net worth individuals) are the direct customers, also there are companies that buy luxury yachts for commercial purposes.

Luxury yacht manufacturing companies are obsessively focussed on quality because it is the prime differentiating factor between luxury yachts and non-luxury yachts. These companies manufacture luxury yachts using fast patrol vessels, frigates, and interceptors, which are used by world navies for high security. Growing awareness of environmental protection has led to the manufacture of solar luxury yachts.

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Luxury Yacht Market: Key Drivers

Luxury yachts come in the ultra-luxury category along with other products such as cars, jewellery, luxury watches and private jets. Manufacturers of customised luxury yachts enable tourists to access multiple helipads, cinema screens etc. during their travel.

Personalised services available while travelling such as ocean view through helicopters and island visits by speedboats are other driving factors for the growth of the luxury yacht market. The rise in the maritime and coastal tourism industry further contributes to the growth of the luxury yacht market.

Luxury Yacht Market: Challenges

Luxury yachts have a high cost of operation including the salary of skilled and professional staff i.e. chefs, room service professionals, etc. Today’s open era of piracy reduces tourist security on luxury yachts. The period of recession also affects the luxury yacht market because of high price and maintenance cost of luxury yachts.

Luxury Yacht Market: Trends

The new luxury yachts provide tourists a personalised beach experience for enhancing the luxury appeal of the yachts. Luxury yachts have inbuilt casinos that magnify the leisure experience of a tourist. These yachts provide modern facilities and convenience features in terms of technological advancements such as navigation aids, radars, echo-sounding systems and auto-pilot facilities. Latest manufacturing technology used to build luxury yachts increases comfort levels and security of the tourists.

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Manufacturing companies are trying to build more eco-friendly luxury yachts using solar panels and installation of efficient hybrid engines. Wherever possible, recyclable materials are used to build luxury yachts for sustainable development.One of the latest trends in the luxury yacht market is innovation in the design of hulls, which enables cruises to have faster speed with lesser consumption of fuel.

Luxury Yacht Market: Outlook

Investment by governments of various nations in marine infrastructure is broadening the scope for the luxury yacht market. “Yacht Shows” across the continents such as the Miami yacht show and Abu Dhabi yacht show are gaining popularity amongst the rich class.

These shows attract potential buyers by demonstrating all features and amenities offered on a luxury yacht. The aesthetics and interior finish, concept, innovation, professional platform, high speed and huge capacity make the luxury yacht market as one of the most potential markets in the global tourism industry.

Luxury Yacht Market: Different Yacht Types

There are private as well as chartered luxury yachts. Private yachts are bought by rich individuals, HNWI and UHNWI clients who can afford to pay for such types of yachts. Luxury yachts can also be categorised as sailing and motor yachts. Sailing yachts offer soothing, stimulating and relaxing experiences. Super yacht is a yacht above 80 feet height while the Mega yacht is one above 200 feet height.

Luxury Yacht Market: Top Manufacturers

Amels in Netherlands is known as the best luxury yacht builder and it has the largest yacht shipyard. Blohm+Voss in Germany, with its shipyard located in Hamburg is the top builder of customised luxury yachts that have beautiful aesthetics and are technically advanced.

Christensen Shipyards in U.S.A. builds semi-customised luxury yachts and has a state-of-the-art shipyard in Vancouver. Fincantieri Yachts in Italy has 20 shipyards, three design centres and one research centre. Sunseeker International Ltd. in the UK builds both customised as well as semi-customised yachts with GRP composite materials and carbon fibres that reduce pollution.

The company has its shipyard located at Dorsen. Other major manufacturers in the luxury yacht market are Feadship, Heesen Yachts and Oceano of Netherlands, Lurrsen of Germany and Perini Navi of Italy.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

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The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

What Can Readers Expect from this Report?

  • An overview of the sector, including the key factors that have shaped patterns and demand
  • Not just data, but insights that you can incorporate in your strategic decision making
  • Nuanced underlying factors that influence consumer behaviour
  • Data points to understand the past, analyse the present, and project the future
  • Trends that will impact the sector in the short- and long-term
  • Deeper understanding of the target audience, their motivations, aspirations, and expectations from service providers

Street Vendors Market is Estimated to Reach US$ 2.5 Bn in 2022

The Street Vendors Market is estimated to reach US$ 2.5 Bn in 2022. As per the report, sales are forecast to increase at a robust 6% CAGR, with the market valuation reaching US$ 8 Bn by 2032.

A parallel world economy is operated by street sellers. They can be found anywhere, although they tend to congregate in crowded areas like bustling streets, byways, and public squares. They are a unique breed of independent business owners that are dominating the market with their classy manoeuvres, expanded market presence, mobility, and wide range of affordable items.

Their strong marketing strategy frequently aids in their market penetration. Many market analysts have questioned their existence and labelled them as a danger to the city. These encroachers frequently endure administrative tyranny. They are the social group that is most frequently misunderstood, and they are frequently held accountable for smearing filth on the streets or hawking subpar items. However, the importance and role of the street sellers go beyond that. Although they may represent the shadowy side of a booming economy, they are the lone architects of a sizable, stable, and economically relevant market.

The world’s markets are flourishing thanks to street vendors. While the vast shopping centres are stocked with pricey goods, these street vendors frequently supply the market with inexpensive goods, helping many people to live. The creation of self-help organisations that give these street vendors financial support is building a foundation for the expansion of the street vendor ecosystem. Since they contribute to the economy by spreading out the burden and creating jobs for the migrant population, many governments around the world have come to embrace their presence in the market. The expansion of street sellers is being aided by this emerging trend.

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“Governments all around the globe are taking sincere efforts to regulate the street vending which provides safety and security to the vendors, will help in the rapid growth of the sector.” Says an FMI analyst.

Key Takeaways:

  • In terms of area, rural areas segment are predicted to account for a dominant share of Travelers in the market through 2032.
  • On the basis of commodities, food products is anticipated to hold a major share in the market.

Impact of COVID-19 on the Market

Everyone in the world faced extraordinary economic hardships as a result of the global Covid-19 outbreak. In terms of livelihood and survival, the epidemic has disproportionately affected the world’s poor population. The livelihood of the street vendors, who were among the worst affected, was destroyed, causing them to suffer in the most unexpected manner. Promotion of livelihood for all vendors, even those who sell non-essential items. The effects of COVID-19 have been particularly difficult on informal labourers, who have spent all of their savings and income attempting to survive during the prolonged lockdown. Now that the pandemic regulations have been uplifted, the vendors are getting back on the streets and the market is undergoing a speedy recovery.

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Future Market Insights, in its new offering, provides an unbiased analysis of Street Vendors  Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Street Vendors Market by Vendor type (Stationary, Peripatetic, Mobile) Area (Urban, Suburban, Rural) Commodity (Food products, Cosmetics, Clothing, Daily Necessities, Others) & Region – Forecast to 2017 – 2032.

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Street Vendors Market by Category

By Vendor type, Street Vendors Market is segmented as:

  • Stationary
  • Peripatetic
  • Mobile

By Area, Street Vendors Market is segmented as:

  • Urban
  • Suburban
  • Rural

By Commodity, Street Vendors Market is segmented as:

  • Food
  • Cosmetics
  • Clothing
  • Daily necessities
  • Others

By Region, Street Vendors Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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AB Testing Software Market is Expected to Reach a Valuation of US$ 3.4 Bn by 2032 | Report by FMI

The AB Testing Software market revenues were estimated at US$ 1.1 Bn in 2022 and is anticipated to grow at a CAGR of 11.6% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 3.4 Bn.

AB testing also known as bucket testing is a technique for comparing two versions of a website or app. The programmer or coder can use AB testing to see which version works better and generate results from it. In AB testing, a statistical analysis is utilized to evaluate which software or website performs better, allowing the programmer to make necessary improvements. Individuals, teams, and corporations were able to improve the user experience based on the results provided by AB testing program owing to the meticulous modifications allowed by the platform.

The AB testing software also aids in increasing conversion rates and adding value to the company. The benefits that AB testing software provides to corporations and software organizations have increased its usage, causing the AB Testing Software Market to heat up.

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The usage of AB Testing software has also reduced the entire cost of building a website or marketing campaigns, propelling the market for AB Testing software. This AB testing software is highly useful for B2B technology companies who want to improve the quality of sales leads and the amount of sales from their campaign landing pages. This organization can use AB testing software to compare the sites and make changes to elements like the headline, visual images, fields, and general page layout that appear inefficient.

Furthermore, this type of testing allows programmers or designers to pinpoint modifications that may have a beneficial or bad influence on visitors. This enables them to combine all of the beneficial adjustments and improve the user experience, as well as make critical modifications to marketing campaigns, allowing software programmers or designers to employ AB Testing software.

Competitive Landscape

Some of the key players operating in AB Testing Software Market include Optimizely, VWO, AB Tasty, Instapage, Dynamic Yield, Adobe, Freshmarketer, Unbounce, Monetate, and Kameleoon.

Some of the key developments in AB Testing Software Market include:

  • In January 2019, Instapage, a marketing post-click optimization company, launched its personalization solution, making it the first and only MarTech company to provide automatic and scalable personalization exclusively for advertising and marketing post-click on landing pages. Without a developer, entrepreneurs can now construct matching landing pages for each ad and target market in minutes.
  • In July 2020, AB Tasty announced a series C round of fundraising, to redefine how companies give the delightful brand and product narrative. With over 900 global customers and 10 locations in North America, Europe, and Asia Pacific, AB Tasty now generates 60% of its business outside of France.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the AB Testing Software market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Web Based, Mobile Based, and Full Stack), and Application (SMEs and Large Enterprises), across five regions (North America, Latin America, Europe, APAC and Middle East & Africa).

Market Segments Covered in AB Testing Software Market Analysis

By Type:

  • Web Based
  • Mobile Based
  • Full Stack

By Application:

  • SME’s
  • Large Enterprises

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Check Related Links –  

https://techplanet.today/post/talent-management-software-market-worldwide-industry-analysis-and-new-market-opportunities-explored-by-2022-2032

https://tanmay4733.blogspot.com/2022/10/talent-management-software-market-key.html

https://anotepad.com/notes/hbaesshf

https://at.tumblr.com/rahulverma45/talent-management-software-market-trends-2022/f8wv2ijhcc5w

https://www.spoke.com/topics/talent-management-software-market-global-industry-analysis-size-share-growth-trends-and-forecast-2022-2032-6347c4b8f812856ddc00008b

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
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United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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