Market Research Blog – Page 10643 – New Product Development

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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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

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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

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Paediatric Vaccine Market is estimated to be valued at US$ 88.14 Billion by the end of 2026

According to a new report published by Future Market Insights titled “Paediatric Vaccine Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026”, in terms of revenue, the global paediatric vaccine market is expected to increase at 12.2% CAGR during the forecast period 2016-2026. The global paediatric vaccine market is expected to reach US$ 27.97 Bn in 2016.

Paediatric vaccine market is a billion dollar market accounting for a substantial proportion of healthcare expenditure in the recent times. The paediatric vaccine market is segmented according to indication, technology and vaccine type. According to the indication, the paediatric vaccine market is sub segmented into pneumococcal, DTP, rotavirus, influenza, meningococcal, hepatitis B, Hib, MMR and polio. According to technology the market is further segmented into live or attenuated, inactivated or killed, toxoid, conjugate, subunit and recombinant vaccines. By vaccine type, the global paediatric vaccine market is segmented into monovalent and multivalent vaccines.

A slew of routine immunisation initiatives rolled out by the government and private agencies has broadened the market for the paediatric vaccines. A new wave of funds pumped into the market by different government and private players to cork the rise of the child deaths across the globe has also opened a new window of opportunity for the paediatric vaccine market. As per the report of WHO (World Health Organization), the global spending on immunisation soared from US$21.4 to US$26.9 per infant in 2014. The massive economic boom in some regions of the world is expediting the growth of the paediatric vaccine market.

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Segmentation analysis

By indication, pneumococcal segment accounted for higher revenue share in global paediatric vaccines as compared to other product segments. The pneumococcal segment is expected to reach a value of US$ 31.58 Bn by 2026, reflecting a CAGR of 14.4% over the forecast period. The growth of pneumococcal segment is attributed to the increasing incidence of infectious diseases.

In terms of revenue, Hib vaccine segment is the second most growing segment and is expected to reach a value of US$ 13.49 Bn by 2026, growing at a CAGR of 13.4%. Hepatitis B and meningococcal segment are expected to show double-digit CAGR growth in the forecast period contributing to the growth of global paediatric vaccine market.

By technology, conjugate segment accounted for highest revenue share in global paediatric vaccine market as compared to live or attenuated segment. The conjugate segment is expected to reach a value of US$ 32.09 Bn by 2026, reflecting a CAGR of 14.8% over the forecast period. This is expected to be closely followed by the growth of pneumococcal and meningococcal vaccines in this segment

By end user, institutional health centres account for higher demand for paediatric vaccine as compared to other end user segments such as hospital pharmacies and retail pharmacies. The strong growth in institutional health centres can be attributed to increasing government interventions in immunisation programs in order to improve vaccine coverage. Institutional health centres are expected to register highest CAGR of 13.8% over the forecast period.

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Regional analysis

By region, North America is dominating the global paediatric vaccine market due to improved healthcare infrastructure in this region. The North America paediatric vaccine market is expected to be valued at US$ 20.15 Bn by 2026 growing at a CAGR for 11.0%. In addition to North America, demand for paediatric vaccines has been significantly growing in Western Europe and APEJ. APEJ is expected to grow at a CAGR for 14.9% over the forecast period and is expected to dominate the market by 2026 by generating revenue of US$ 22.69 Bn and revenues in Western Europe are anticipated to grow by 11.2%. Middle East and Africa is expected to grow at a CAGR of 12.6% and this growth is anticipated by growth government intervention for immunisation by carrying out national level immunisation campaigns and also disease specific immunisation campaigns.

Key players in the global paediatric vaccine market include

Indian Immunologicals,

GlaaxoSmithKline Plc.,

Pfizer Inc.,

Sanofi, Merck & Co. Inc.,

Panacea Biotec,

Zydus Cadila,

Emergent BioSolutions Inc.,

Serum Institute of India Pvt. Ltd.,

Bharat Biotech.

The growth of paediatric vaccine market is attributed to the development in the research by key players in the field, for instance, in February 2016, GSK submitted US regulatory submission for expanding the indication of FLuLaval Quadrivalent, influenza vaccine, for infants more than 6 months. These developments will boost the growth of the global paediatric vaccine market.

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Market Segmentation

Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
MEA
Japan

Technology

Live or Attenuated Vaccine
Inactivated or Killed Vaccine
Toxoid Vaccine
Conjugate Vaccine
Subunit Vaccine
Recombinant Vector Vaccine

Indication

Pneumococcal Conjugate Vaccine
DTP Vaccine
Influenza
Meningococcal Vaccine
Polio Vaccine
Rotavirus Vaccine
MMR Vaccine
Varicella Virus Vaccine

End User

Hospital Pharmacies
Retail Pharmacies
Institutional Health Centres

Vaccine Type

Monovalent Vaccines
Multivalent Vaccines

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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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Winter Adventures Tourism Market to Expand at an 8% CAGR through 2032 | FMI

The winter adventures tourism market is projected to reach a valuation of US$120.0 Bn in 2022. Sales are projected to increase at an 8% CAGR, with the market size reaching US$ 143.0 Bn by 2032.

Following the COVID-19 epidemic, social media platforms are being utilized more and more to promote the services of international winter adventures tourism market.

Customers’ sound financial standing and desire to study and educate themselves are fostering market expansion. Millennials like travelling and discovering other locations’ unique food, transportation options, etc.

The ability to customize winter adventure itineraries for specific customers, as well as the provision of lodging, local cuisine, transportation services, etc., are some of the factors driving the worldwide winter adventure industry.

The global expansion of winter adventure industry is being aided by the firms’ digital presence. Additionally, it enables businesses to provide special deals and group discounts to clients.

“Due to the firms’ growing online presence, the winter adventure market is growing. “- Says an FMI analyst.

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Key Takeaways:

The most preferred winter adventure is Free riding. This is because it is sustainable to the nature. Hence, customers prefer that over anything else.
The age group of 26-35 years prefers participating in winter adventures tourism. This age group loves to do adventurous stuffs and exploring.
Online booking channel is the most used channel and will continue to be the same. It is due to the increased digital presence of the companies in the winter adventure markets.
International tourists prefer to do winter adventures tourism. The domestic tourists are always willing to do these winter adventures tourism close to their homes.

Impact of COVID-19 on the Winter adventures tourism Market

The covid-19 outbreak caused numerous winter adventures tourism businesses to close their doors and suffer losses over the world. However, after the lockdown was removed, businesses likewise saw a large increase in consumers.

After the COVID-19 outbreak, the use of winter adventures tourism has increased again because to the demand for personalization and real-time connectivity. Additionally, people are more likely to pay more for superior experiences and goods. Because of the optimism around the post-pandemic tour demand, many marketers who had left due to concerns about the collapse of the global winter adventures tourism are actually coming back.

Agents who formerly conducted business offline are now embracing new technology, transforming into winter adventures tourism, and even engaging in social media marketing activities.

Who is winning?

Leading players of the Winter adventures tourism market are focusing on improving their digital presence and providing great tour packages for their customers

Major players present in the Winter adventures tourism are Exodus Travels, Walkers’ Britain, Trafalgar, Expat Explore, Utracks, Nordiva Tours, Active Adventures, Explore, Intrepid Travel, Topdeck and Georgian Holidays LLC among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the Winter adventures tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Winter adventures tourism by Type (Free Riding Snowkiting, Ice yachting, Snow kayaking, Ice surfing, Ice climbing, Shovel racing, Ice diving, Snowcross, Speed flying , Ski biking and Others), By Booking Channel (Online Winter adventures tourism, 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

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Vascular Access Systems Market: Creating Opportunity, Demands & Supply, Value Chain & Process

Vascular access systems are intended for a series of diagnostic tests and treatments such as central venous pressure readings, blood sampling, fluid infusion, blood transfusion, parenteral and drugs administration such as chemotherapeutic agents, analgesics, antibiotics.

Vascular access systems can be defined as the material which is implanted subcutaneously in a region over the upper chest wall, having a dwell time of nearly 14 days, with the catheters inserted in the sub clavian vein, jugular vein, or basilic vein.

Utilisation of Vascular Access Systems Depends Upon Medical Conditions and Requirements

Central Venous Access systems are essential for the care of many sick children. In order to reduce the risk of infection and thrombosis and also to increase the line longevity, appropriate type of catheter must be selected and inserted in a standardized procedure.

Vascular access systems market covers implantable-ports, Huber needles, (PICCs) peripherally inserted central catheters, (CVCs) central venous catheters, dialysis catheters, needleless connectors, needles and syringes.

The usage of these medical systems depends on various medical conditions and its requirements that may include the purpose for its requirements, size of the device, the duration of time it needs to be in-situ.

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Peripheral Vascular Access Systems- Appropriate for Short-Term Therapies

Peripheral vascular access systems are the most appropriate for short term therapies as they cause less irritation. A peripherally inserted central catheter is inserted through antecubital fossa vein, which may be basilic or cephalic, further progresses through the superior vena cava. The position of the catheter’s tip is radiologically confirmed.

The procedure are relatively easy to insert. This makes them a potentially more economically option. The risk involved for the rate of thrombosis and sepsis is lowered. The risk of large vein perforation and pneumothorax is also reduced, which is linked to centrally inserted catheters.

Whereas central vascular access systems are used in cases like medicines having greater pH than 9.0 or less than 5.0, parentral nutrition with glucose concentration greater than 10%, infusion fluids which are known irritants, intra venous inotropes and vesicants.

Tunneled Central Venous Catheters Restrict Infection from Reaching the Bloodstream

Tunneled central venous catheter are known as Hickmann lines. These are more often required when the patient is on long-term infusion therapy, example chemotherapy, and total parentral nutrition and also provide access for taking blood samples.

This type of line is manufactured in the form of large-bore silicone line having single or double lumen. Tunneled lines can be used for long-term infusion therapy with the time duration ranging from months to years.

The tip of the catheter is directly inserted into the subclavian vein or jugular and then it is threaded through to end up in the superior vena cava. Various tunneled central venous catheters are equipped with a fibrous cuff.

These are assembled in the skin tunnel. This enables the tissue of the patient to bond with the line so as to create a secure fix. This mechanical barrier stops infection from reaching the bloodstream to cause sepsis.

These central venous catheters can be of two types, namely open-ended or valved. This type of line insertion is done usually in theatre or radiology with the help of an image intensifier for the correct positioning of the catheter.

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Insertion of Non-Tunneled Catheter Requires Strict Sterile Conditions

The non-tunneled type is often known as a short-term percutaneous central venous catheter and is most commonly used central venous catheter in secondary care. It is directly inserted into a central vein. Strict sterile conditions are required for the insertion of this type of catheter.

The positioning of non-tunneled catheter is to be confirmed using radiological devices. The Jugular region (area near to the neck) is more susceptible to infection because of the difficulty of placing the catheter to the neck of the patient securely.

Implantable ports are vascular access systems inserted into the chest, antecubital area or abdomen. They are useful in long-term intravenous therapy, blood sampling, bolus injections and total parentral nutrition.

Adoption of Implantable Ports Lowered Post-Recent Advancements in Vascular Access Devices

The recent advancement in the vascular access devices such as central venous catheter and peripheral inserted central catheters have lowered the use of implantable ports.

Ports are inserted subcutaneously. Implantable ports are often preferred by the patient because they are less visible. Medical staff prefer them as they are linked with less risk and are easily accessed. These ports can remain in situ for up to seven days.

Ports have been used for epidural pain relief and can be used alternatively for subcutaneous infusions. The condition of being unobstructed is maintained by rinsing heparin solution after definite intervals. It involves minimal manipulation and care.

Vascular Access Systems Market: Drivers and Restraints

As some of the central venous catheter can be in place for months together but replacement is required for few catheters due to the poor functioning. Certain types of ports have a life of reservoir septum of about 1000 puncture that is not at all suitable for patients who require daily IV access.

Few patients have poor vein condition which is not at all suitable for placement of catheter. Long term access of the veins eventually lead to the vein damage (example: long term IV feeding). These all factors contributes to the restraints of the vascular access market.

Globally, there is a constant rise in number of diseases like as cancer, trauma, and acute illness which has significantly raised the demand of proficient vascular access systems in recent years by healthcare professionals in hospitals, emergency rooms, and operation theaters. Further contributing to the driver for the vascular access system market.

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Vascular Access Systems Market: Overview

Depending on geographic region, global vascular access system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America holds the largest share of the global vascular access systems due to the cumulative aging population and extensive technological advancement.

Vascular Access Systems Market: Region-wise Outlook

Based on geographic region, global vascular access system market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.

North America holds the largest share of the global vascular access systems owing to the cumulative aging population and extensive technological advancement.

Key Players

Nipro Medical Corporation, B. Braun Medical Inc., Edwards Life sciences Corporation, Medtronic, Siemens Medical Solutions Inc., Baxter, , GE Healthcare Inc., Teleflex Medical and. Becton, Dickinson and Company.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Vascular Access Systems Market: Segmentation

By Product

Central Vascular Access System
Central Vascular Catheter
Non tunneled
Tunneled
Implanted Ports
Peripheral Vascular Access System
Peripheral Catheter
Midline Catheter

By End User

Hospital Pharmacy
Ambulatory Surgical Centre
Hospital Pharmacy
Catheterization Lab

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Intraosseous Infusion Devices Market is projected to reach US$ 7.9 Billion by 2031

According to a recent study by Future Market Insights (FMI), the global intraosseous (IO) infusion devices is expected to witness high growth during the forecast period. The market is expected to grow from US$ 3.5 Bn in 2020 to over US$ 7.9 Bn by 2031. It will therefore register CAGR of around 7.6% over the forecast period (2021-2031).

The increasing number of emergency cases has been propelling the market growth. These cases include strokes, seizures, burns, sudden breathing difficulty, and other health concerns where the use of intraosseous infusion devices is of immense need. Intraosseous infusion devices come into practice when intravenous entry points are unavailable and so treatment is provided through an entry point on the bone marrow.

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Intravenous fluid and drug administration is a prime choice in the normal medical procedure as they are comparatively economic and less painful than intraosseous infusion. However, demand for intraosseous infusion is expected to increase on the back of the rise in the need for rapid and high volume infusions during an emergency.

Market Outlook:

Data Points	Market Insights
Intraosseous Infusion Market Value 2020	US$ 3.5 Bn
Intraosseous Infusion Market Value 2031	US$ 7.9 Bn
CAGR 2021-2031	7.6%
Share of Top 5 countries	51%
Key Players	Pyng medical Corp., Cook Medical Incorporated, PerSys Medical, Aero Healthcare, Teleflex, Inc., and Beckon Dickinson and Co.

The recent articles posted by CDC in September 2021, states that heart diseases are the leading cause of death which means 659,000 people in the United States die due to heart diseases. This is due to lifestyle changes, cardiac arrest and cardiovascular surgery which are getting common globally with an incidence rate of around 0.7 to 2.9%.

Defibrillation is the primary resort for cardiac arrest for resuscitation on the failure of which titrated adrenaline is administered through the sternum using an intraosseous infusion device. The rising prevalence of cardiovascular disorder is expected to fuel the demand for IO infusion device market

Healthcare companies are constantly collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients. Thus, delivering high quality care together with advanced technologies, which will further drive the overall market in the forecast period.

June 1, 2020, Becton, Dickinson and Company, acquired acquisition of Straub Medical AG which develops and sells medical atherectomy and thrombectomy devices that treat peripheral arterial disease (PAD) and venous disease. This helped BD explore advancing technologies driving the market.

Currently, the COVID-19 pandemic has changed the opinions and many companies and Governments are indulging themselves in investing in the intraosseous infusion market. This change has driven the market to the next level. In addition, COVID-19 has been a great aperture in exploring one’s business into healthcare. Government is funding companies in improving healthcare infrastructure.

To increase revenue share, the hospitals are focusing on increasing investment in research and development. It is thus, expected for market players to enjoy the lucrative growth of the investing in intraosseous infusion market in the forecast period.

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 Intraosseous Infusion Devices Market Study

By product, EZ-IO holds the maximum share of 21.4% in the market in 2021, expanding at 7.6% CAGR during the forecast period.
By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
By technology, the automatic segment will account for more than 50% of the market share in 2021.
By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.
By region, North America holds the largest share of 26.6% of the global intraosseous infusion devices market in 2021.

“Increasing demand in improving standards of pre-hospital emergency care settings will boost the intraosseous infusion devices market over the decade. Growth will continue as market players focus on automation to improve the overall quality of devices,” says a FMI Analyst

Who is winning?

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies.

In January 2015, Teleflex, Inc. Company acquired all common stocks of Human Medics Co., Ltd., a South Korea-based distributor of surgical and respiratory products. – This is expected to favour the distribution network of the company in South Korean market
In June 2015, Teleflex, Inc Company acquired certain assets of N. Stenning & Co. Pty. Ltd. – a medical device distributor and supplier based in Australia. – This is expected to support the distribution and penetration of the company’s products in Australia.

The key market players covered by FMI include

Pyng medical Corp.
Cook Medical Incorporated
PerSys Medical
Aero Healthcare
Teleflex, Inc.
Becton Dickinson and Co..

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Intraosseous Infusion Devices – Market by Category

Product:

B.I.G
FAST1
EZ-IO
FASTR
IO Needles
Others

By Route of Administration:

Sternum
Distal & Proximal Tibia
Distal Femur
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Intrabound Medical Tourism Market is Projected to Reach US$ 8.7 Bn in 2022 | FMI

The global intrabound medical tourism market is projected to reach a valuation of US$ 8.7 Bn in 2022 and US$ 57.6 Bn in 2032. Sales are projected to increase at an 823.6% CAGR.   Patients who travel abroad for medical procedures or operations that are frequently expensive or not easily available in their native place of residence are said to be engaging in medical tourism.

Medical tourism, whereby patients travel to a different state or country for the enhancement or restoration of their health, is a worldwide, multibillion-dollar industry

The cost of a high-quality therapy is lower in developing nations like Thailand and Malaysia than it is in industrialised nations. Despite the cheap cost of treatments in underdeveloped nations, the quality of the process is not affected because there are resources available for comparatively less money. This causes an inflow of individuals to use the healthcare systems within the country.

Reduced airfare, growing earnings in developing nations, and an increase in demand for high-quality healthcare in these nations are some of the significant factors that have helped the intrabound medical tourism industry grow. This will benefit the businesses operating in the region and help the government achieve its objective of developing the medical tourism sector.

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Key Takeaways:

Since the outbreak, there has been a major growth in online reservations, and customers have flocked to these channels, making them the most popular.
The age group between 46 and 55 is most likely to go for medical tourism treatments for joint disorders.
Therapeutic services are particularly popular among medical tourists who visit within France because of the country’s well-developed infrastructure for physical and mental rehabilitation. The industry is expected to expand fast during the forecast period.
The high cost of healthcare in other countries is the main factor driving market development.

“As health insurers and customers start to use cost and performance data to take advantage of regional differences in price, quality, customer happiness, and waiting times, the intrabound medical tourism business is anticipated to grow.” – Says an FMI analyst.

Impact of COVID-19 on the France Medical Tourism Market

Covid-19 had both positive and negative impacts on intrabound medical tourism. The medical tourism business worldwide experienced a setback as a result of the Covid-19 outbreak. Intrabound Medical Tourism market fell by 83% during the pandemic period. The global travel bans’ rigorous travel restrictions and health-related safety worries were the main causes of this. The sheer absence of demand caused the sector to suspend operating altogether for a year.

With the increased global knowledge of healthcare, the business is predicted to prosper after the epidemic. Additionally, there is a probability that vaccination tourism may be pushed, increasing the likelihood that the businesses will grow.

Who is winning?

Offering all-inclusive packages to VIP clients is one way that top firms in the global intrabound medical tourism sector are seeking to boost their earnings. They are focused on bringing new healthcare facilities under its umbrella in addition to working to strengthen their current presence.

Major players present in the France Medical Tourism Market The Hernia Institute Paris, Medifrance Solution, France Medical Access, Dr. Parisescu., FAME Santé, Ribau & Garner, France Surgery, Medical Concierge France, SAM Medical France, Sonio,Ludocare, Charles.co, Axomove, Dynveo, MEDTECH , SILVER ECONOMY, Groupe Médical Santé, DIXI medical,Int’Air Medical,PrimaX Imagerie Médicale are among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the FRANCE Medical Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the FRANCE Medical Tourism market based on the Treatment Type (Dental Treatment, Cosmetic Treatment, Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, and Others), By Services (Wellness Services & Therapeutic Services), By Tourist Type (Domestic & International), By Tour Type (Independent Traveler, Tour Group and Package Traveler), By Consumer Orientation (Men, Women, and Children), By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 66-75 Years), By Booking Channel (Phone Booking, Online Booking, In Person Booking) & Region

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Film Tourism Market is Projected to Reach a Valuation of US$ 66.7 Bn in 2022 | FMI

The film tourism market is projected to reach a valuation of US$ 66.7 Bn in 2022. Sales are projected to increase at a 6.8% CAGR, with the market size reaching US$ 128.78 Bn by 2032.

The film tourism market is forecasted to grow at a consistent growth rate during the forecast period. This is majorly attributed to the growing popularity of global content and the trend of cultural integration. The parent market for Film Tourism I.e. Cultural Tourism has been on an upward growth for a long time due to globalization.

These factors along with multiple other nudges have helped the film tourism market gain mainstream popularity and a highly lucrative market. The rise of film tours across the world to locations where the films have been shot, the production sets, film festivals, etc. have helped the firms increase their service offerings.

The introduction of streaming services and increasing penetration of internet connectivity across the world has also helped immensely in making the different content globally famous.

This along with the low cost of international travel and ease of availing accommodations has also made a significant impact on the growth of the film tourism sector. Untapped tourist locations get the limelight from the international broadcast of the films, documentaries, or shows filmed there.

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Film locations and sets can be visited round the year making the film tourism sector consistent and safe from the seasonal aspects that other tourism markets suffer. This along with the ease of providing such tours has made the film tourism sector an easy market for new firms to enter.

Key Takeaways from the Film Tourism Market Study:

The North America and Asia Pacific regions hold a market share of ~32.6% and ~35% respectively.
The Covid-19 pandemic had a 45% impact on the value of the film tourism sector.
New Zealand, the USA, France, India, Japan, the UK, and Ireland are some of the most popular destinations for film tourism.
Film sets and theme parks are the most popular location types in the film tourism market.
Online booking channels lead the charts in film tourism market booking channel segmentation.

“Customer satisfaction and a wide number of product offerings will be the key to grabbing the market leadership.” – FMI Analyst said.

Impact of COVID-19

The COVID-19 pandemic impacted the film tourism market negatively. The spread of the virus put a halt to travel around the globe; authorities around the globe implemented a lockdown that led to restriction of movement for anything that was not essential, this included tourism as well. The film tourism sector was left in a dire situation due to all these factors. Firms in the market devoted this time to rethinking their strategies and coming up with better services once the pandemic slowed down.

Post the slowdown of the pandemic the film tourism sector saw a resurgence in tour activities. Consumer demand slowly picked up, and then surged after the restrictions were fully lifted. The pent-up demand for travel saw the firms getting a lot of consumers immediately, improving the state of the market and setting it on a track of growth.

Who is winning?

By providing all-inclusive packages and sparing travelers from the trouble of navigating several channels for their excursions, the major players are able to keep their competitive advantage in the market. Government investments and initiatives are stimulating the market, and they have also assisted businesses in enhancing their service offerings.

The key players in the film tourism market are IIFTC, MP Tourism, Tourism Film Destinations, Scallywag Travel, and Onlocationtours.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global film tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the film tourism market based on Location Type (Film Sets, Destinations, and Film Festivals), 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.

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Vacation Ownership Market is Expected to Reach at a US$ 11.2 Bn in 2022 | FMI

The Vacation Ownership market is expected at US$ 11.2 Billion in 2022 and is projected to reach US$ 32 Billion by 2032, at a CAGR of 7.30 % from 2022 to 2032.

In the forecast period, there will be fast progress and a greater push for the Vacation Ownership market. Vacation ownership also known as timeshare, offers the opportunity to share the ownership of vacation accommodation generally resorts or cooperatives in popular domestic or international tourist destinations.

The vacation accommodation is shared by several owners, each of them has a time period to hold the right to use in a year. Owners may reserve a specific resort apartment or the entire resort for a predetermined amount of time.

The most lucrative industry is timeshare lodging since the owner has exclusive use of the property for a set period of time, usually a few weeks during a particular season. Major international hotels have also entered this market and are creating a wide variety of options in various locations to take advantage of the rising popularity of timeshare accommodations.

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Key takeaways

The vacation ownership market will be rising due to the fast-growing urbanization and economic growth are some of the reasons.
Based on the tour type, the point-based vacation ownership will remain high over the forecast period due to flexibility in decision making and the availability of greater benefits.
In terms of tour type, the package travelers are estimated to account for the relatively highest value share in the Global incentive tourism market.
By booking channel, the online booking section is expected to hold a major share in the market because it is more convenient and flexible for everyone.
Companies and travelers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online.
In terms of a tourist type, the package travelers are estimated to account for the relatively highest value share in the Global incentive tourism market
In terms of age group, demand in the 26-35 segment will continue fast traction through 2032.

“Global Vacation Ownership market will rise in the forecast period as the number of companies providing timeshare is rising.” – FMI Analyst said.

Impact of COVID-19 on Vacation Ownership Market

The COVID-19 outbreak has affected economies and trades in various countries due to lockdowns restrictions, travel bans, and business shutdowns. 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.

The vacation ownership market has incorporated emergency health care measures and restrictions enforced on social movements around the world. Beaches and resorts are empty, people’s movements are stopped, and traveling between territories is strictly controlled. The COVID-19 lockdown around the world has imposed a negative impact on the livelihood of people and the world economy as well.

Who is winning?

Leading players in the Vacation Ownership 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 Vacation Ownership Market are Wyndham, Marriott Vacations Worldwide, Hilton Grand Vacations, Hyatt, Diamond Resorts, Bluegreen Vacations, and Disney Vacation Club.

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Vacation Ownership Market by Category

By Type, Vacation Ownership Market is segmented as:

Fixed week
Floating week
Points-based system.

By Tour Type, Vacation Ownership Market is segmented as:

Domestic
International

By Tourist Type, Vacation Ownership Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

By Booking Channel, Vacation Ownership Market is segmented as:

Phone Booking
Online Booking
In-Person Booking

By Consumer Orientation, Vacation Ownership Market is segmented as:

Men
Women
Children

By Age Group, Vacation Ownership Market is segmented as:

15-25 years
26-35 Years
36-45 Years
46-55 Years

By Region, Vacation Ownership Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Africa Adventure Tourism Market to Expand by 8.0% CAGR by 2032 | FMI

The Africa adventure tourism market is espected to reach at US$ 112.2 Mn in 2022 and is projected to reach US$ 130.1 Mn in 2032. By 2032, at a CAGR of 8.3% from 2022 to 2032.

According to the World Tourism Organization, Africa is the region with the second-fastest growth in terms of tourism after South East Asia. Tourists that are passionate about travel and adventure should partake in adventure tourism. It is intended for people who desire to enrich their lives with fresh experiences. Adventure tourism is resilient, draws high-value clients, helps local economies, and promotes environmentally friendly behaviour.

Despite being a small market, it is becoming more and more popular worldwide. Africa is a comprehensive travel destination for all types of tourism, notably adventure tourism, due to the abundance of natural resources.

Africa is a vast and scenic continent, from lush rainforests to towering desert sands, snow-capped mountains, wild coastal cliffs, tranquil white sands and turquoise waters. Africa is home to the most diverse wildlife on the planet and a rich variety of cultures and traditions. There are many unparalleled adventures on this unique continent, so I’ll briefly summarize them here.

Snorkel, water Rafting, Hot air balloon flight, Gorilla trekking, Swim with whale sharks, dunes, these are the some of the adventure tourism activities in Africa.

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Key Takeaways:

Land based activists rea mainly preferred and more prominent in adventure tourism Africa.
Africa is a vast continent with the most diverse countries in the world filled with lush local forests and stunning beaches.
Lack of infrastructure development around many adventure destinations in Africa will restrain the African adventure tourism market.
Growing interest in adventure sports, rise in disposable incomes, and affordable travel packages are anticipated to support market expansion.
In terms of traveller type, the family segment is estimated to account for the relatively highest value share in the African adventure tourism market
Middle-aged people that are 20-30 age group segment will continue to hold the highest share in traveling in the forecast.

Impact of COVID-19 on the Market

The COVID-19 epidemic had a significant influence on the tourism sector in 2020 as a result of the virus’s lockdown restrictions.

As the virus spread across the world, it caused an immediate reaction of borders being shut, transport stood cancelled, The COVID-19 pandemic had an undesirable impact on the global adventure travel market growth in 2020. As per the World Travel and Tourism Council (WTTC), the number of adventure travellers has drastically declined due to the global lockdown and travel limitations. However, the global market will grow at a significant rate post the COVID-19 outbreak as market leaders are opting new strategies for safer travels. COVID-19 has created an unprecedented crisis for the tourism industry in Africa and around the world, crushing the supporting food, service, and manufacturing sectors that depend on tourism for employment and incomes.

Furthermore, the closing of public places and tourism activities as a result of the pandemic resulted in the market’s complete collapse during the crisis border closures, airport closures, and hotel closures, as well as restrictions on large gatherings, and land travel, and related services.

Who is winning?

Leading companies in Africa adventure tourism are focused on promotional strategies, advertising popular tourist destinations in Africa, and new offers with a variety of package that attracts consumers that have driven sales growth of adventure tourism in Africa.

Major players present in the Philippines sustainable tourism market are Africa Adventure Company, Africa Safari & Adventure Tours, Africa Travel Co, Go Explore Safaris & Tours, Nomad Africa Adventure Tours, Africa Adventure Vacations, Pamoja Tours & Travels.

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Future Market Insights, in its new offering, provides an unbiased analysis of the South Korea Tourism spend analytics forecast, noting historical demand data (2017-2021) and forecast statistics for the period from 2022-to 2032. The study divulges compelling insights on the Philippine sustainable tourism market based by Type – (Hard Adventure, Soft Adventure) By Activity Type – (Land-based Activity, Water-based Activity, Air-based Activity) By traveller type – (Solo, Friends/Group, Couple, Family) By Age Group – (Below 30 Years, 30–41 Years,42–49 Years,50 Years and Above) By Consumer Orientation – (Men, Women, Children) & Region.

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