Middle East Veterinary Vaccines Market is expected to reach US$ 533.4 Million by 2031

[192 Pages Report] According to a recent study by Future Market Insights (FMI), the Middle East Veterinary Vaccines Market is expected to witness moderate growth during the forecast period. The market is expected to grow from US$ 335.0 Mn in 2021 to over US$ 533.4 Mn by 2031. This reflects a cumulative CAGR of around 4.8% over the forecast period (2021-2031).

The demand for veterinary vaccines has increased over the past few years due to the increasing incidences of foodborne and zoonotic infections amongst the population in the Middle Eastern region. The pattern of veterinary treatment is shifting from curative/reactive to preventive in these countries. The cost of preventive treatment is much smaller and has far fewer side effects than reactive treatments that often lead to mass slaughter.

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The rebound of economic prosperity in MEA markets is expected to contribute towards increased demand for processed healthy meat products. This will fuel the demand for effective vaccination of livestock, especially in major animal farming and meat-producing nations in the region with a diversified herd such as Sudan, Turkey, Egypt and KSA.

Rising per capita disposable income levels are largely contributing towards demand for processed food items. This is expected to drive the growth of veterinary vaccines in poultry and livestock segments.

The key players of the veterinary vaccines industry are focusing on finding innovative products to control zoonotic infection rates. Along with this, various advancements in biotechnology are expected to create a favourable platform for the development of various veterinary vaccines in developing markets such as UAE, KSA, Turkey and Jordan. These techniques include next-generation sequencing, synthetic biology and systems biology, among others.

Further, continued investments in multi-disciplinary vaccinology research could improve vaccine development efficiency and shorten time-to-market for upcoming veterinary vaccines.

Key players are working on innovative products, conducting acquisitions, mergers, agreements with other companies to improve their market presence and tap into less competitive emerging markets.

For instance, In September 2018, Boehringer Ingelheim announced that they would be donating 75,000 doses of rabies vaccines to the Global Alliance for the Rabies Control, as an effort of recognition of World Rabies Day on September 28th.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and help companies to sustain the increasing competitive pressure.

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Key Takeaways from Middle East Veterinary Vaccines Study

  • The attenuated live vaccines accounted for 35.1% share of the total market of veterinary vaccines in the Middle East in 2021. The demand for attenuated live vaccines is expected to grow at a CAGR of 5.8% over the forecast period. By triggering a wide spectrum of immune responses, attenuated vaccines can deliver better immunity than conventional vaccinations.
  • The livestock animals held the maximum share of 73.9% of the total veterinary vaccines market in terms of animal in 2021. Increased demand for processed meat products and making animal health a critical component of disease control is leading to increasing adoption of livestock animal’s vaccination in the Middle Eastern region.
  • The foot and mouth disease accounted for more than 27% of the market share of the Middle East veterinary vaccines market in 2021. Foot and mouth disease is the most commonly occurring disease amongst all the animals. This segment is expected to project a cumulative CAGR of 5.6% over the forecast period.
  • The private veterinary pharmacies registered sales worth U.S. $ 114.6 Mn during the year 2021 and are expected to project a cumulative CAGR of 5.0% over the forecast period. Increased awareness regarding animal vaccinations, rising incidences of foot and mouth disease and high demand for good quality processed meat are some of the factors contributing to the growth of private veterinary pharmacies in the Middle East.

“Increased demand for processed meat products around the world will drive the demand for veterinary vaccines market in the Middle East,” says the FMI Analyst.

Who is winning?

The key manufacturers of the veterinary vaccines market are adopting strategies such as partnership strategies for global expansion and improving their hold over the global market.

  • In January 2021, Merck Animal Health announced the acquisition of Poultry Sense Ltd, which provides health and environmental monitoring solutions for the poultry industry.
  • In September 2019, Ceva, in partnership with Biotecon diagnostics, announced the launch of their latest product, a real-time diagnostic kit that will help the poultry producers to fight salmonella infections in their farms.

The key market players of the Middle East veterinary vaccines market include JOVA, Bioveta, Inc., Intervac Pvt. Ltd., Zoetis, Elanco, Merial, Merck & Co. Inc, Bayer Pharma AG, Ceva and Boehringer Ingelheim.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The Middle East veterinary vaccines market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights into the Middle East veterinary vaccines market. The veterinary vaccines market is segmented into five parts based on vaccine type (attenuated live vaccines, inactivated vaccines, toxoid vaccines, DNA vaccines, recombinant vaccines, and others) based on animal type (companion animals, livestock animals and equine) based on disease indication (foot and mouth disease, NewCastle disease, PPRS, canine parvovirus, brucellosis, avian influenza, and others), based on end-user (hospital pharmacies, veterinary clinics, private veterinary pharmacies and others) and based on country ( KSA, UAE, Turkey, Jordan, Sudan, Egypt and Rest of MEA).

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Middle East Veterinary Vaccines, by Category

By Vaccine:

  • Attenuated Live Vaccines
  • Inactivated Vaccines
  • Toxoid Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Others

By Animal:

  • Companion Animals
    • Canine
    • Avian
    • Feline
  • Livestock Animals
    • Aquatic
    • Bovine
    • Porcine
    • Small Ruminant
    • Poultry
  • Equine

By Disease Indication:

  • Foot and Mouth Disease
  • Newcastle Disease
  • PPRS
  • Canine Parvovirus
  • Brucellosis
  • Avian Influenza
  • Others

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 9-years.

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Spa Resorts Market to Expand at a 12.0% CAGR through 2032 | FMI

The spa resorts market is projected to reach a valuation of US$ 99 Bn in 2022. Sales are projected to increase at a 12.0% CAGR, with the market size reaching US$ 125 Bn by 2032.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Spa resorts and they are hence seeing a lot of visitors.

There is a lot of footfall also because of the stress everyone faces in their day to day to life. And, a spa resort provides a lot of relaxation due to the massages, beauty and grooming packages.

Spa resorts are mostly located close to the nature like the ocean, jungles etc. Being so close to the nature helps one to relax and relive their stress more easily.

“The Spa resorts market is expanding globally because of the need to relax and spa is considered as the perfect stress buster among consumers worldwide “- Says an FMI analyst.

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Key Takeaways:

  • Medical spa is the most preferred spa type among the consumers. Under medical spa there are different treatments like prenatal, fitness and therapy. It is most preferred because people prefer to relax from their stressful life.
  • In spa resorts globally, women are the most popular customers. They like to take relaxing holidays which relieve them of their stress.
  • It has been observed that there are more bookings done by customers through the online segment. Customers are benefitted with more discounts, offers etc. through online bookings on company websites or various social media platforms.
  • More domestic tourists’ footfall is noticed in spa resorts. This is due to the fact that each and every region has one spa resort. Only consumers who are financially stable take holidays to go and spend time in a spa resort

Impact of COVID-19 on the Spa resorts market

Due to the rapid COVID-19 pandemic, one of the most hit markets in 2020 is the spa resorts industry. Due to lockdowns, the temporary prohibition on international travel, domestic travel restrictions, and the tourist, lodging, and food and beverage service industries have slowed down after performing well in 2019.

Changing lifestyles, and interests, and increasing disposable incomes have been changing the face of the spa resorts market globally. The health benefits associated with the spa services such as relief from stress, minimization of body pain, and the calmness offered have made spa services a major part of people’s lives. The growing interest in personal pampering and perception of a spa as a self-improvement investment is expanding the spa resorts market in dimensions across the world. Spa services include a range of services for health management and body relaxation. They include: massages, facials, body scrubs, steam baths, waxing, and nail care.

Who is winning?

Leading players of the Spa resorts are focusing on providing relaxation to their customers and convenience.

Major players present in the spa resorts in the tourism sector market are Radisson Resorts & Spa, Four Seasons Hotel limited, Massage Envy Franchising LLC, Emirates Palace, Six Senses Hotels Resorts Spas, Jade Mountain Resort, Gaia Retreat & Spa, Ananda, Lanserhof Tegernsee among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the spa resorts in the tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Spa Resorts by Type (Salon/Day/Club Spa, Medical Spa (Prenatal, Fitness and Therapy), Hotel Spa, Destination Spa, Mineral Spa, Others (Pet, Baby, Mobile and Cruise Ship)), By End user (Male, Female), By Service Type (Massage, Beauty/grooming, Physical fitness, Others) By Booking Channel (Online Booking channel, In-person booking, Phone Booking), By Tourist Type (Domestic and International), & By Region – Forecast to 2017 – 2032

About Future Market Insights (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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Pressure Cookers Market Opportunity Assessment Study 2030

Pressure cookers play a major role in the kitchen all across geographies and particularly in Indian households. These are great fuel efficient pieces in contrast to other cooking utensils, and their multiple-use has made them staple in most of the kitchen. Pressure cookers have made their journey from aluminum ones to stainless steel and the modern hard anodized pressure cookers which are making gushes these days.

Stainless steel and the hard-anodized are gaining traction as they are highly durable, lightweight, non-stick cookware, and efficient.Increasing preference from urban population leading hectic lifestyle is anticipated to boost pressure cooker sales. It saves cooking time and the use of electric power and gas helps conserve energy requisite for cooking. These aspects will positively influence product demand during the forecast period.

Pressure Cookers Market – Key Trends

Rising consumer’s awareness concerning preserving gas and electricity has escalated the adoption of other cooking methods such as pressure cookers which can reduce cooking time by around 70%. Product innovations such as highly emissive flame and electric burners have positively influenced the need for pressure cookers.

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Market players are investing in research and development activities and the introduction of advanced technologies based on cooking methods and materials to satiate to the growing demand for nontoxic pressure cookers. Market players are witnessing higher demand for pressure cookers coated with hard anodized ceramic and aluminum among other materials.

Electric pressure cookers are more appropriate for utilized as compared to their stovetop counterparts. The innovative technology integrated into the electric product switches off the pressure button automatically.

It also keeps the food from getting burnt while saving energy.Several top chefs suggest pressure cookers since they preserve essential nutrients in contrast to regular cooking methods of boiling and steaming. These factors are projected to positively impact the market growth of pressure cookers.

Pressure Cookers Market – Growth Restraints

Users’ inability to check on the progress during cooking is one of the major disadvantages of pressure cooking. Many users frequently complain about the meal being soaked and overcooked. Additionally, the sealing ring is required to be in acceptable condition to ensure that the holder could seal correctly and develop pressure. These factors can impact the sales of the pressure cooker market

COVID-19 Impact on Pressure Cookers Market

On the outset of COVID-19, the pressure cookers market revenue growth this financial year was dampened majorly due to supply chain disruptions instead of dented consumer demand. However, going ahead the market is likely to be recovered. The companies are adopting market-specific strategies to deliver growth such as product innovations to stay ahead of their competitors.

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Pressure Cooker Market – Region-wise Analysis

Asian market accounts for the largest market share during the forecast period due to increasing production and consumption, which will drive the regional acceptance of fast cooking methods such as pressure cookers. The rise in the adoption of innovative products is further boosting sales in the market. India is the biggest producer and consumer of pressure cookers in the region.

Europe is likely to rapidly expand during the forecast period due to initiatives taken by the European Commission to promote the usage of low and green emissive products. Moreover, the high spending power of consumers is additionally anticipated to results in the increased sales of electric pressure cookers.

Pressure Cooker Market – Competitive Analysis

Major market players operating in the global pressure cooker market include –

  • Zwilling
  • GROUPE SEB
  • Fissler
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • WMF Group
  • Midea Group Co., Ltd.
  • Zhejiang Supor Co., Ltd.
  • Qingdao Haier Co., Ltd.
  • Joyoung Co., Ltd.

Market players are focusing on material innovations, acquisitions and mergers, product launches, and others to fulfill the consumer’s demand. For instance, TTK Prestige launches Svachh pressure cooker aimed at boosting market share across nations and winning back to double-digit growth in mature segments such as pressure cookers.

Fissler launched vitaquick pressure cookers in metallic finish and available in wide range of capacities. The innovative Fissler technology saves energy and quick roasting. MVP Holdings Inc. took over Mealthy Inc. a small kitchen appliance company. The acquisition will offer MVP a larger consumer base and improved product portfolio.

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Global Outdoor Bar Furniture Market: Key Players (this is an indicative list – full list of key players available upon request)

  • SEB
  • WMF
  • AMC
  • Sinbo
  • Silit
  • Hawkins
  • TTK Prestige
  • Kuhn Rikon
  • Zwilling
  • Fissler
  • Philips
  • Panasonic
  • Instant Pot
  • Midea
  • Supor
  • Jiuyang
  • Galanz
  • Double Happiness
  • Povos

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Pressure Cookers Market – Market Segmentation

By Material

  • Stainless Steel
  • Aluminum
  • Others

By Application

  • Residential
  • Commercial

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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Endovenous Laser Therapy Market is expected to reach US$ 811.0 Million by 2031

[151 Pages Report] According to a recent study by Future Market Insights (FMI), the global endovenous laser therapy market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 378.3 Mn in 2021 to over US$ 811.1 Mn by 2031. This reflects a cumulative CAGR of around 7.9% over the forecast period (2022-2031).

Rise in number of varicose veins cases, availability of technologically advanced laser therapy, shift towards minimally invasive procedures and increasing product launches are the primary factors responsible for the growth of the market during the forecast period.

Varicose veins are more common in pregnant women, partially because the baby puts more pressure on the veins and partly because hormones generated during pregnancy relax vein walls. Varicose veins can develop as a result of damage to a deep leg vein. Over the projected period, rising instances of varicose veins are expected to drive revenue growth in the endovenous laser systems market.

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Another factor that is having a positive impact on endovenous laser therapy is the rapid change in lifestyle with no physical activity and labour across the globe, as well as the rise in the elderly population, both of which are anticipated to contribute to the global market’s growth over the forecast period. The market is also expected to develop due to the quick and effective technique as well as the growing demand for endovenous laser therapy.Moreover, growing prevalence of obesity worldwide is driving growth of the endovenous laser therapy market. Obesity leads to problems related to blood circulation which leads to varicose veins.

Medical device manufacturers operating in the endovenous laser therapy market are focusing on providing user friendly devices to the end users to minimize chances of manual errors. In addition, continuous launch of new and improved products and increasing investment in research and development by the manufacturers in endovenous laser therapy devices would lead to growth of global market over the forecast period.

Key Takeaways from Endovenous Laser Therapy Market Study

  • Endovenous laser systems held the maximum share of 92.0% in 2021 by component, expanding at a rapid rate owing to the rising number of varicose veins cases and increase in number of product launches with advanced features.
  • Ambulatory surgical centers showed maximum growth among all end users with a market share of 36.2% in 2021 owing to the rise in demand for outpatient surgeries. In countries such as the U.S., endovenous laser therapy for varicose veins is majorly performed in ambulatory surgical centers rather than hospitals in order avoid long-time waiting in big hospital settings, which is why the segment is developing at a rapid rate
  • North America held the largest share of 42.7% of the global endovenous laser therapy market by region in 2021 indicating the growth due to increase in prevalence of obesity and growing number of FDA approvals in North America.

“Growing prevalence of varicose veins, shift towards minimally invasive procedures, availability of novel laser treatment and increasing number of product launches Is Expected to Drive the Demand for Endovenous Laser Therapy over the Decade,” says the FMI Analyst

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Who is winning?

The key market players covered by FMI include AngioDynamics, Inc., Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medical system GmbH, LSO Medical, Wontech Co., Ltd., intros Medical Laser GmbH and Energist Ltd.

Some of the leading manufacturers of endovenous laser therapy market are focusing on product launch, approvals, collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In January 2021, Syneron Medical Ltd. announced the availability of the Frax Pro™ system. The FDA-cleared and CE-marked, non-ablative fractional device is the first platform featuring dual-depth skin resurfacing with both Frax 1550™ and the novel Frax 1940™ applicators.
  • In July 2020, Wontech announced that ‘Picowon’, an alexandrite (755nm)-based pico laser, has obtained US Food and Drug Administration (FDA) approval for the first time in Asia and the second in the world.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global endovenous laser therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on endovenous laser therapy segment based on product (Endovenous Laser Systems {Diode Lasers and YAG Lasers}, and Endovenous laser Fibers {Bare Tip Laser Fiber, Radial Tip Laser Fiber and Gold Tip Laser Fiber}), and end user (hospitals, ambulatory surgical centers and Specialized Clinics) across seven major regions.

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Endovenous laser therapy Market by Category By Product

  • Endovenous Laser Systems
    • Diode Lasers
    • Yag Lasers
  • Endovenous Laser Fibers
    • Bare Tip Laser Fibers
    • Radial Tip Laser Fiber
    • Gold tip Laser Fiber

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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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Aromatherapy Market is currently valued at around US$ 5.9 Billion in 2022

[182 Pages Report] The aromatherapy market is estimated to be valued at ~US$ 4.6 Bn in 2019, unveils the new research study by Future Market Insights (FMI). According to the report, the aromatherapy market is projected to grow by ~7% YOY in 2020, primarily influenced by greater emphasis on good health and wellness.

Increasing inclination towards more effective relaxation treatment is giving a boost to the growth of the aromatherapy market. A notable rise in health consciousness and preference for herbal products among consumers, which tend to make intensive use of high-quality and effective products, is further likely to lead to surge in demand for aromatherapy

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Expansion of Product Lines by Essential Oil Manufacturers

In order to cater to growing demand for essential oils possessing therapeutic properties, various essential oil and diffuser manufacturers are focusing on expanding their product line in the aromatherapy market. For attracting new customers, companies are not only focusing on expanding their distribution network to hypermarkets and supermarkets, but also to premium drugstores and department stores.

Major companies in the aromatherapy market are adopting multi-level or referral marketing strategy to gain distinct competitive edge. Introduction of membership plans are gaining momentum among the aromatherapy market players, where specific members are given significant discount on aromatherapy products. These members are also known as independent salespeople (independent business owners (IBO)) or consultants. Consultants refer essential oils to others and earn some sort of incentives and discounts on their purchase.

Sales via rapidly penetrating e-commerce channels remain a prominent strategy adopted by key players in the recent years. Companies such as Young Living and doTerra, are actively engaging their customers to sign up as distributors to increase the sales of their new products through multi-level marketing plan. In the multi-level marketing strategy, companies are providing membership incentives, rewards, compensation plans, opportunity products, etc. These initiatives taken by the company is thus likely to influence the overall growth of the aromatherapy market.

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Added Benefits of Essential Oils for Various Ailments Aiding the Market Growth

Aromatherapy acts as a complementary treatment in many viral and bacterial diseases such as acute respiratory infections, viral infections, influenza, and bronchitis. Aromatherapy can be used during prophylactic and therapeutic treatment regimens for many diseases such as Initial forms of atherosclerosis, coronary heart disease, neuro-dystonia, hypertension, hypotension, anxiety, depression, insomnia and many such disorders. Thus, added benefits and applications of essential oils in many indications will continue to account for greater gains in the aromatherapy market.

Aromatherapy – A Preferred Therapy to Improve Quality of Life

Studies have been conducted to prove the effectiveness of essential oils that support the body to heal. Essential oils such as thyme, rosemary, oregano, chamomile, and frankincense are used for the treatment of certain benign tumors to selectively harm or disable cancer cells while leaving healthy cells intact. Increasing inclination towards natural remedies provides good growth opportunities for players in the essential oil industry in the near future. Also, presently aromatherapy has been used for cancer patients as it reduces anxiety levels and relieves emotional stress, pain, muscular tension, and fatigue after chemotherapy or post radiation therapy.

Risk Factors Associated with Aromatherapy Restricting Market Growth

Some risk factors and complications are associated with aromatherapy as individuals have unique metabolism, vitality, and physical makeup. Therefore, acceptable dose for one may not be appropriate for others. Risk factors such as toxicity, skin sensitization, photosensitivity etc. have been reported with patients undergoing aromatherapy. However, many essential oils are contraindicated for use during pregnancy and breast-feeding due to their abortifacient properties. Thus, increasing apprehensions regarding the risks of essential oils and other complications result in low preference and reluctance for undergoing aromatherapy by patients, which in turn restrains revenue growth of the aromatherapy market to a certain extent.

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Categorization Of Aromatherapy Industry Survey

Aromatherapy Market by Product:

Aromatherapy Consumables
Essential Oils
Floral
Citrus
Herbaceous
Spicy
Woodsy
Earthy
Camphorous
Others
Blended Oils
Carrier Oils
Aromatherapy Equipment
Nebulizing Diffusers
Ultrasonic Diffusers
Evaporative Diffusers
Heat Diffusers

Aromatherapy Market by Application:

Relaxation
Insomnia
Pain Management
Scar Management
Skin & Hair Care
Cold & Cough
Others

Aromatherapy Market by Mode of Delivery:

Topical Application
Direct Inhalation
Aerial Diffusion

Aromatherapy Market by Distribution Channel:

Aromatherapy Products Sold at Retail Shops
Aromatherapy Products Sold through Online Channels
Direct Distribution of Aromatherapy Products

Aromatherapy Market by Region:

North America Aromatherapy Market
Latin America Aromatherapy Market
Europe Aromatherapy Market
East Asia Aromatherapy Market
South Asia & Pacific Aromatherapy Market
Middle East & Africa (MEA) Aromatherapy Market

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 9-years.

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Sports and Leisure Equipment Retailing is Expected to Reach at US$ 331.4 Bn in 2022 | FMI

The Sports and Leisure Equipment Retailing market is expected to reach at US$ 331.4 billion in 2022 and is projected to reach US$ 410.0 Billion by 2032, at a CAGR of 6.8 % from 2022 to 2032.

As more individuals participate in sports and other recreational activities as a means of improving their health and reducing stress, the sports sector is becoming the largest in the world.

Sports have become more popular as an active and passive form of entertainment. Consumers are gradually spending more on sportswear, with athleisure apparel and accessories accounting for a sizable portion of the cost. The sports market in the twenty-first century is rife with extremes.

Market research is becoming a top priority for marketing sports equipment and accessories as global markets become more and more competitive.

The market is rising vastly, as people are increasingly attracted by the product’s capability to offer sweat-wicking & breathability and enhancement of physical movement. The product assists in safeguarding from extreme weather conditions improve blood circulation, and injury prevention is helping to surge its utilization.

The rising growth of the urban population escalates the consumption of the product due to the increasing involvement of people in fitness activities

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Key takeaways 

  • Based on the sports type fitness sports will be the growing segment in the sports type are people are now more conscious about their health and fitness.
  • Online retail distribution channel for sports equipment is expected to be the fastest-growing segment over the forecast period
  • The Sports and Leisure Equipment Retailing market will grow with a CAGR of 6.8% in the forecast period.
  • The sports and leisure equipment retailing market is growing strongly, characterized by the rapid adoption of new technologies and directness to changing trends.

 “Global Sports and Leisure Equipment Retailing market is driven by the persons choosing healthy lives has significantly increased globally, and consumer involvement in various sporting activities – FMI Analyst said.

Impact of COVID-19 on Sports and Leisure Equipment Retailing market

The outbreak of the coronavirus hurt industries around the world, as blockades and customer restrictions on store occupancy resulted in a decline in sales. The COVID-19 outbreak has affected economies and trades in various countries due to lockdowns restrictions, travel bans, and business shutdowns. The COVID-19 lockdown around the world has imposed a negative impact on the livelihood of people and the world economy as well.

The overall global marketplace breakdown due to COVID-19 is also affecting the growth of the market due to the shutting down of factories, obstacles in the supply chain, and the decline in the world economy.

COVID-19 has impacted the sports and leisure business adversely. The global blockade canceled many pre-ocanceledading to event cancellations and the closure of the sports academy.

The epidemic of COVID-19 has closed many gyms and gyms around the world. However, fitness enthusiasts are stuck indoors and do not disappoint their fitness goals. Many people are motivated to develop home fitness routines that can exceed social distance regulations. Professional gyms and gyms gradually became popular as a busy lifestyle limited the amount of time available for exercise.

Who is winning?

Leading players in the Sports and Leisure Equipment Retailing market are focusing on promotional strategies and advertising popular tourist destinations in various regions to improve sales in the market.

Major players present in the Sports and Leisure Equipment Retailing market are Adidas AG, Amer Sports, PUMA SE, unde Armour, Billabong International Colombia Sport, Daiwa Seiko, New Balance, and Quicksilver

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Sports and Leisure Equipment Retailing Market by Category

By product type, the sports and leisure equipment retailing market is segmented as:

  • Equipment
  • Apparel and Shoes

By end User, the Sports and Leisure Equipment Retailing Market is segmented as:

  • Men
  • Women
  • Children

By Sports Type, the Sports and Leisure Equipment Retailing Market is segmented as:

  • Bike
  • Outdoor
  • Tennis
  • Other Racket Sports
  • Running
  • Fitness
  • Football/Soccer
  • Other Team Sports
  • Winter Sports
  • Water sports
  • Others

By Distribution Channel, the Sports and Leisure Equipment Retailing Market is segmented as:

  • Supermarkets/Hypermarkets
  • Speciality Stores
  • Online Retail Stores
  • Other Distribution Channels

By Region, the Sports and Leisure Equipment Retailing Market is segmented as:

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

Read Related Reports@

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https://www.diigo.com/user/komalsah/b/643168039

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Bone Densitometer Devices Market is likely to grow at a CAGR of 3.5% through 2026

[179 Pages Report] Future Market Insights predicts the US$ 277 Mn global bone densitometer devices market to witness a hike in revenues at a passive CAGR of 3.5% over the next decade. In its recent market outlook titled “Bone Densitometer Devices Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” the company forecasts that the market for bone densitometer devices will be valued at US$ 390.6 Mn by the end of 2026. Over 2016-2026, bone densitometer devices market is likely to grow passively; however, a few prominent trends will continue to drive market revenues through 2026.

A booming global healthcare market is anticipated to play the role of a key driver in the overall growth of the global bone densitometer devices market. Emerging market trends and several awareness campaigns on osteoporosis rolled out by NGOs across the globe are further likely to increase the demand in the market. Leading companies operating in the global bone densitometer devices market are investing heavily in acquisitions and inking new deals.

These activities are expected to boost the global bone densitometer devices market in the forthcoming years. Leading market players are focusing on new innovations to stay afloat in the global bone densitometer devices market. The rising global trend of medical tourism is likely to benefit key market stakeholders in the next decade.

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Key players:

  • Osteosys Co. Ltd,
  • Beammed Ltd.,
  • Diagnostic medical System SA, and
  • Swissray International, Inc

Prevalence of Osteoporosis and Vitamin D deficiency Building Market – Ageing Remains Primary Catalyst

Driven primarily by rising incidences of osteoporosis and other bone-related disorders, the market will also be fuelled by the ensuing awareness about growing osteoporosis incidences. Increased emphasis on preventive healthcare, early diagnosis, and quality treatment are identified to be among the key factors spurring the demand for bone densitometer devices globally. Ageing, resulting in almost threefold risks of acquiring wrist, hip, and vertebral osteoporosis, will remain a major market growth catalyst.

Moreover, increasing prevalence of vitamin D and calcium deficiency disorders will also escalate the demand in near future. Burgeoning cancer prevalence is boosting the number of patients undergoing chemotherapy, which is further identified to affect their bone density in the long run. This will be another driver to growth of bone densitometer market. Evidently increasing integration of DXA into routine health check-ups will also escalate market growth over the forecast period.

Developed Markets Marching Ahead, Asian Countries to Witness Robust Growth

North America will continue to represent the largest market for bone densitometer devices, followed by Western Europe and Asia Pacific. Latin America and MEA will witness relatively lower growth rates.

  • The U.S. will continue to dominate North American market with nearly 75% revenue share of the region and by 2026, North America is expected to surpass a value of US$ 204 Mn, grabbing over half of the market revenue share.
  • APEJ will be the most lucrative, fastest growing market for bone densitometer devices. Led by China, followed by India and ANZ, this region will approach US$ 61 Mn in 2026, expanding at CAGR of 4.2% over 2016-2026. The Chinese market for bone densitometer devices is expected to exceed US$ 20 Mn in revenues, whereas India’s revenues are estimated at over US$ 17 Mn by 2026 end.

Product-wise Segmentation

By product, the global consumption of axial bone densitometer will possibly account for the revenues of US$ 272.3 Mn in 2026. This segment will grow at an estimated 3.7% of CAGR, gaining over 150 BPS during 2016-2026 against peripheral bone densitometer segment. Axial bone densitometer devices will continue to gain higher traction due to superior accuracy and precision, accounting for around 70% value share by 2026. Peripheral bone densitometer segment is also likely to witness steady adoption, as it allows short scan time and lesser exposure to radiation.

Technology-wise Segmentation

Based on technology, dual energy X-ray absorptiometry (DXA) segment is expected to remain dominant with nearly 65% share by 2026 end. This segment will possibly attain a value worth US$ 253 Mn in 2026, expanding at the highest CAGR of 3.7%. Quantitative ultrasound (QUS) segment is anticipated to register a 3.2% of CAGR, reaching over US$ 88 Mn by 2026 end.

End-user-wise Segmentation

In terms of end-user, hospitals segment will remain the largest consumer of bone densitometer devices, accounting for revenues worth US$ 252.3 Mn in 2026. Diagnostic centres, the second largest end-user segment with an estimated value of around US$ 80 Mn by 2026, is expected to witness the highest CAGR of 3.8% over the forecast period. Hospitals are likely to capture around 65% share in 2026, whereas diagnostic centres will bag over 20% share in 2026 market revenues.

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Beetling Trends and Upcoming Opportunities Fostering Demand for Bone Densitometer Devices

Increasing adoption of DXA, coupled with growing prominence of ultrasound technology, will be important trends in market. Improving healthcare infrastructure and extended reimbursement for osteoporosis treatment are also highlighted as influential trends. While flourishing medical tourism initiatives will remain a growing trend, strategic M&A activities will continue to trend among key players.

Manufacturers are likely to witness several untapped opportunities in developing Asian markets, which are primarily driven by exploding population and immense healthcare burden. Governments are also increasingly supporting the market through favourable bone density measurement awareness programs.

Global Bone Densitometer Devices Market: Segmentation

By Product

  • Dual Energy X-Ray Absorptiometry (DXA)
  • Peripheral Dual Energy X-Ray
  • Absorptiometry (pDXA)
  • Quantitative Ultrasound (QUS)
  • Others

By Technology

  • Dual Energy X-Ray Absorptiometry (DXA)
  • Peripheral Dual Energy X-Ray
  • Absorptiometry (pDXA)
  • Quantitative Ultrasound (QUS)
  • Others

By End Use

  • Hospitals
  • Orthopedic Clinics
  • Diagnostic Centres

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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 9-years.

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Radio Frequency Beauty Equipment Market is estimated to be valued at approximately US$ 225 Million by 2026 end

Growing scepticism over invasive cosmetic procedures is diverting consumers towards radio frequency beauty treatments that deliver quick results through non-surgical equipment.

Future Market Insights’ report titled “Radio Frequency Beauty Equipment Market: Global Industry Analysis & Opportunity Assessment, 2016-2026” estimates that the global market for radio frequency beauty equipment, currently valued at US$ 154.6 million, will expand at a robust CAGR of 15.3% and garner US$ 643.9 million in revenues over the forecast period of 2016-2026. The report predicts that the radio frequency beauty equipment market in the Asia Pacific excluding Japan (APEJ) region will expand at the highest CAGR of 20.4%, while Japan will gain revenues worth US$ 40 million by the end of 2026.

Soaring demand for radio frequency beauty equipment is growing on account of higher acceptance of emerging technologies that act as effective alternatives to conventional methods. Global production of radio frequency beauty equipment is anticipated to skyrocket since their demand has been ascending rampantly in both developed and developing markets. In North America, top-grossing industries such as fashion, film and television continue to necessitate the use of complex beauty equipment and devices for enhancing the consumer’s semblance. According to a recent study conducted by Future Market Insights, the radio frequency beauty equipment revenues in North America will account for over 35% revenue share of the market throughout the forecast period.

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Competitive Landscape

Catering to the rising demand for non-invasive beauty treatments, several medical device manufacturers have instated production of radio frequency beauty equipment on a large scale. Rectifying equipment-related complications arising during treatment procedures and reducing the volatile costs of manufacturing remains a top priority for key players in the global radio frequency beauty equipment market.

Cynosure Inc. and Lumenis are among the leading players collectively accounting for three-fourth revenue share of the global market. Strategic acquisitions and product launch are some common business strategies for Syneron Medical Ltd., Alma Lasers, and Valeant Pharmaceutical International, Inc. Other prominent players participating in the growth of the global radio frequency beauty equipment market include Cymedics, IBRAMED, Guangzhou Beautylife Electronic Technology Co. Ltd., and Dermeo.

Surging Demand for Portable Radio Frequency Beauty Equipment

A market share analysis on different types of products – table top devices, trolley mounted devices and portable devices – has estimated that trolley mounted devices will attain the highest value share of the global market for radio frequency beauty equipment through 2026. Nevertheless, trolley mounted radio frequency equipment is anticipated to incur a considerable dip over the forecast period and account for 49% of the market by 2026 end, which will be nearly 6% lesser than the present value share of the segment. While the value share of table top devices in the global market won’t be severely affected throughout the projection tenure, the demand for portable devices, on the other hand, is expected to soar at an impressive pace. By the end of 2026, revenues procured from global sales of portable radio frequency beauty devices are projected to surpass over US$ 135 million, registering increment at fastest CAGR of 19.1%.

Key Research Findings on Global Radio Frequency Beauty Equipment Market 

  • Scars attained from invasive cosmetic surgeries are compelling consumers towards non-invasive procedures performed with radio frequency beauty equipment
  • Skin treatment & body contouring – two prominent applications for radio frequency beauty equipment, will account for nearly 90% value share of the global market by 2026
  • Based on technologies, equipment incorporating a combination of IPL and RF technologies will garner more demand, while the dominant segment of bipolar RF technology will rake in nearly US$ 200 million in revenue by the end of the forecast period
  • Compared to home care settings, beauty care centres will go on to be the largest end-users of radio frequency beauty equipment in 2016 and beyond
  • Serious complications arising from extensive exposure to radio frequency beauty equipment is raising concerns among market participants and end-users.

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Global radio frequency beauty equipment market segmentation

By Product Type

  • Table Top
  • Trolley Mounted
  • Portable

By Technology

  • Mono-Polar Frequency
  • Bio-Polar Radio Frequency
  • Multi-Polar Radio Frequency
  • Fractional Radio Frequency

By Application

  • Skin Treatment
    • Skin Reconstruction
    • Scar Removal
    • Non-Surgical Skin Tightening
    • Facial Repair
  • Body Contouring
    • Liposuction
    • Cellulite Reduction
    • Non-Surgical Fat Reduction
    • Collagen Stimulation and Generation
  • Hair Removal
  • Others

By End User

  • Beauty Care Centre
  • Home Care Settings

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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 9-years.

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Tourism Industry Loyalty Programs Market to Expand at a 9.20% CAGR through 2032

The tourism industry loyalty programs market is projected to reach a valuation of US$ 24 Bn in 2022. Sales are projected to increase at a 9.20% CAGR, with the market size reaching US$ 73.6 Bn by 2032.

Social media platforms are being used to advertise more and more about the Loyalty Programs in the Tourism Sector Market after the covid-19 pandemic.

The personalization of gifts, vouchers to old consumers, discounts, personalized tour plans is helping to grow the Loyalty Programs in the Tourism Sector Market. When a tour company does this they retain their old customers and therefore, it helps them gain more consumers.

 “The loyalty programs in the tourism sector market is expanding because of the rising digital presence of the companies “- Says an FMI analyst.

Key Takeaways:

  • On the basis of program types most preferred to be availed by the loyal customers is the tiered program. It gives various discounts, personalized gifts etc. and hence has attracted more consumers to the market.
  • The online booking segment is the most used channel for loyalty program in the tourism sector because of the rise in digital marketing.
  • Tour groups are the ones who usually want to book the loyalty programs in the travel industry. This is because they mostly get loyalty points on each and everything they explore in a particular region/ state or country.
  • The age group of 26-35 years are usually the consumers of this market. It is because this age group are always travelling and hence receive a lot of loyalty points which they further redeem for travelling.

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Impact of COVID-19 on the Tourism Industry Loyalty Programs Market

The Covid-19 pandemic and the lockdown had a positive and negative impacts on each and every industry. Likewise, the loyalty programs in the tourism sector market had positive and negative impacts.

The negative impacts where that a reluctance to travel due to restrictions on borders, travel passports and testing. Therefore, ‘staycations’ may become the more popular and appealing option this in turn is brilliant for the likes of ‘local’ or domestic hotels and travel providers.

Staying local and creating innovative content promoting the benefits of exploring ‘unknown, known’ areas, will pique interest making previously uninspiring destinations more inspiring. With local destinations being top of the list, this can provide opportunity and benefit multiple industries as a result: train and rail travel, petrol stations due to increase in leisure driving, hire car companies and small businesses as the country opens small stores, pubs and restaurants.

The post-pandemic period will bring forth a new, revised approach to how hospitality and tourist businesses engage with customers and build loyalty. Customers have reviewed their travel demands as a result of the pandemic’s effects. Customer loyalty is “up for grabs” after the pandemic as loyalty programs and points expire, travel opportunities are drastically reduced due to travel corridors (therefore making it harder to accrue points), and businesses that have closed have left a gap in their former customers’ lists of preferred brands.

By    examining current loyalty programs and marketing tactics, it will be important to reach these committed prospects. The importance of a loyalty programs will be reinforced and validated to new consumers who are looking for a “new favorite” by promoting perks to your existing customers and values to new customers.

Who is winning?

Leading players of the loyalty programs in the tourism sector market are focusing on improving their digital presence and also trying ways to make their old customers to stick with them by providing personalized offers, discounts etc.

Major players present in the loyalty programs in the tourism sector market are Thompson Hotels, Hotel Tonight, The Hertz Corporation, National Car Rental, Travelex Limited ABN, Zinrelo, Flight Centre, Delta airlines, Virgin Experience Days, The Drake, The Savoy, Wonderful Union and Others among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the loyalty programs in the tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on loyalty programs in the tourism by Program Type (Point programs, Tiered programs, Value-based programs, Omni channel loyalty programs, Paid programs, Others), By Booking Channel (Online Travel Agents, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveler, Package Traveler and Tour Group), By Consumer Orientation (Men and Women) By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region – Forecast to 2017 – 2032

About Future Market Insights (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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Animal Theme Park Market to Grow at a 5.59% CAGR through 2032 | FMI

The Animal theme park  to reach a valuation of US$ 83.5 Bn in 2022. Sales are projected to increase at a 5.59% CAGR, with the market size reaching US$ 143.16 Bn by 2032.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Animal theme parks and they are hence seeing a lot of visitors. Also animal lovers who have the urge to learn about new animals, extinct animals and also some unknown animals are trying to visit more and more animal theme parks around the world.

Every industry in this word has been criticized in some way or the other. The Animal Theme Park is criticized by animal activists because of how animals are ill-treated while performing some acts, how sea mammals are trapped inside aquariums and are not free to be in their natural habitats.

“The Animal Theme Parks industry is expanding globally because of the rise in animal lover worldwide. “- Says an FMI analyst.

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Key Takeaways:

  • Ocean animal theme parks are the most visited animal theme parks globally. There has been a rise in recent years because of the urge to learn more about the marine life. But animal activists are protesting because the sea animals are enclosed in cages and aquariums.
  • The online booking segment has contributed majorly to the Animal Theme Park. It is due to the rise in digital marketing, discounts available etc.
  • More number of adults are booking tickets to visit the Animal Theme Park. Mostly adults who love animals, and want to learn more about the animal and sea world.
  • Animal Theme Parks attract domestic and international tourists equally. They have a lot of tourist attractions like amusement rides, different and some regional dishes, merchandise, overnight stay in the theme parks etc.

Impact of COVID-19 on the Animal theme park

The COVID-19 epidemic struck in 2020 just as the big theme park firms were all off to excellent starts. This caused profits to drastically decline. As theme parks all around the world were forced to stop permanently due to the coronavirus outbreak, initially positive trends in attendance and income suddenly turned into significant losses. The objective of the theme park industry will no longer be to draw as many visitors as possible and make the best use of available space due to the COVID-19 pandemic.

The covid-19 pandemic saw a rise in domestic tourists visiting the Animal Theme Parks because there were international travel bans. The concept of staycation became very popular and hence, in turn saw a rise in footfall to Animal Theme parks.

Who is winning?

Leading players of the animal theme park are focusing on sustainability of the nature, wellness of the animals and promoting their theme parks.

Major players present in the loyalty programs in the tourism sector market are Disney’s Animal Kingdom, Busch Gardens Tampa Bay, Chessington World of Adventures, Happy Hollow Park and Zoo, Aquatica, Sea World, Jerusalem Biblical Zoo, Bronx Zoo, Indianapolis Zoo, Night Safari, Jurong Bird Park, York’s Wild Kingdom, Warrawong Sanctuary, Bhindawas Wild Life Sanctuary, Bhimashankar, Elephant Nature Park among others.

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The Animal Theme Parks Overview by Category

By Type:

  • Ocean Animal Theme Parks
  • Terrestrial Animal Theme Parks

By Application:

  • Children
  • Adult

By Revenue Model:

  • Ticket
  • Food & Beverage
  • Merchandise
  • Hotels/Resorts
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

Read Related Reports@

https://hissme.com/post/75499_the-medical-tourism-market-is-estimated-to-reach-a-valuation-of-a-122-million-by.html

https://figma-bosnia.tribe.so/post/medical-tourism-market-share-size-trend-demand-analysis-by-top-leading-play–631845cc21db8944c9110830

https://www.diigo.com/user/komalsah/b/643168039

About Future Market Insights (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 Us:                    

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