Market Research Blog – Page 11330 – New Product Development

Dehydration Monitoring Systems Market is estimated to grow at a CAGR of 7.3% from 2022 to 2032

The Dehydration, in general, is a body condition where there is deficit of water in the human body that is accompanied with disruption of metabolic processes taking place inside the body. Water forms an essential component of the human body constituting 75% of the body weight. Majority of this water proportion is found within the cells i.e. intracellular space and the rest of water is present in extracellular space. When the amount of water loss from the body due to high intensity exercise, disease or high environmental temperature exceeds the amount of free water intake by the body, dehydration occurs.

The amount of water in the body is dynamic and keeps changing with routinely body functions including breathing, sweating, urinating or bowel movement. In order to prevent excessive water loss and dehydration, one must increase its fluid intake to replace excessive fluid loss caused due to diarrhea, vomiting or increased urination. Dehydration can broadly categorized as mild dehydration or severe dehydration. Symptoms of early or mild dehydration incorporates thirst, headache, dizziness, dry eyes, dry mouth, tiredness, dark yellow colored urine, flushed face, dry skin and others. Whereas, on the other hand, symptoms for moderate – severe dehydration includes sunken eyes, low blood pressure, lethargy, rapid heartbeat, feeling confused and others.

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Dehydration has proved to be dangerous condition especially for young children and older adults. The most common causes for excessive water loss leading to dehydration are diarrhea, vomiting, sweat, diabetes, burns, inability to drink fluids or intense nausea. Out of these, diarrhea and vomiting are the common cause of dehydration in young children. Excessive dehydration could also result in death of the person suffering from dehydration. In order to diagnose a dehydration condition in the body, a doctor runs blood tests and urinalysis. It can be treated by replacing the lost fluids and electrolytes with more enriched electrolytes and the treatment approach is dependent on age of the patient, severity of dehydration and the causative agents behind it.

Dehydration monitoring systems have vast application in disease diagnosis, drug abuse detection, as well as in athletic performance optimization which increases the demand for dehydration monitoring systems and fuel the growth of dehydration monitoring systems market. These devices are majorly incorporated with standalone sensor systems that measures dehydration in young children and elderly. Dehydration monitoring systems are available in different product types including mobile devices or wearable hydration monitoring devices to detect the level of dehydration in one’s body.

These devices have embedded sensor systems such as optical sensor systems, biomedical sensors, and wireless chemical sensors that would indicate the level of dehydration via green or red LED array installed in them. The dehydration devices have inbuilt smart characteristics of which the most common is alarm sound that rings when critical situation is discovered. Dehydration monitoring systems are capable of extreme performance and give accurate results irrespective of surroundings i.e. humid environment. Many of these devices found large applications in diagnosing various diseases and optimizing the athlete performance and thus contribute majorly to the revenue generation in dehydration monitoring systems market.

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These dehydration monitoring systems are broadly used to detect drug abuse and thus registers a wholesome share in applications segment of dehydration monitoring systems market. Dehydration monitoring systems market on the other hand is gaining profit due to technological advancements associated with designing of device. These devices contain distinct sensors that are intended to measure the skin temperature as well as 3 or 4 chemicals present in human sweat in order to detect changes in human physiology to decide whether it is a dehydrated condition or not.

Recently, a first wearable hydration monitor system called LVL Kickstarter has been designed which enables to perform multiple functions at a time such as real time hydration notifications, sweat rate measurements, wrist based heart rates, smart alarm, mood inputs and others. Such technological innovations tend to propel the growth of dehydration monitoring systems market across the globe due to rising inclination of people towards smart choices to maintain health.

These devices measure glucose levels, lactic acid levels in order to determine hydration level and offers an affordable and handy dehydration detection platform. This is further anticipated to drive the demand for dehydration monitoring systems and thereby increasing revenue generation in dehydration monitoring systems market.

Dehydration Monitoring Systems: Market Dynamics

Shifting trend of individuals towards smart health choices and fitness, availability of smart and cost effective dehydration monitoring device in the market, and availability of wide range of dehydration monitoring systems in distinct forms and colors is expected to be the key factor driving the growth of dehydration monitoring systems market. Rising demand for non-invasive dehydration monitoring system from the consumer end is another factor propelling the growth of dehydration monitoring systems market.

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Also, rise in demand for dehydration monitoring systems in the disease diagnosis, and growing geriatric population with high susceptance to dehydration is further expected to drive the growth of dehydration monitoring systems market. However, lack of awareness among people for smart devices is restraining the growth of dehydration monitoring systems market.

Dehydration Monitoring Systems Market: Overview

Based on product type, dehydration monitoring systems are categorized as mobile devices or wearable devices. Out of these, wearable dehydration monitors dominate in the dehydration monitoring systems market on the account of being manageable and cost effective device.

On the basis of applications, dehydration monitoring systems found major applications in disease diagnosis majorly dehydration and diabetes. Increase in number of diabetic patients and rising death rates of young children due to dehydration are some of the factors driving the application of dehydration monitoring systems in disease diagnosis, thereby dominating the dehydration monitoring systems market in application segment. However, the devices have significant applications in optimizing athletic performance and accounts for a significant market share in global dehydration monitoring systems market.

Dehydration Monitoring Systems Market: Region-wise Outlook

On the basis of geography, global dehydration monitoring systems market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. U.S. in North America is expected to hold largest shares in the global dehydration monitoring systems market primarily due to rising healthcare expenditure, shifting trend towards personal health monitors and increasing acceptance of dehydration monitoring devices by the individuals in the region. However, Europe is the second dominating region in global dehydration monitoring systems market worldwide and APAC is anticipated to grow at a fast pace over the forecast period.

Dehydration Monitoring Systems Market: Key Players

Some of the key players present in global Dehydration Monitoring Systems market are Kenzen, Inc., Nix, Inc., BSX Technologies, Bitome Inc., EchoLabs, and others

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Dehydration Monitoring Systems Market: Segmentation

The global dehydration monitoring systems market is segmented by product type, application type, and distribution channel:

Segmentation by Product Type

Mobile Devices
Wireless Chemical Sensors
Biomedical Sensors
Optical Sensor Systems
Wearable devices
Wrist Bands
Head Bands
Adhesive Chest Patch

Segmentation by Application Type

Disease Diagnosis
Drug Abuse Detection
Athletic Performance Optimization

Segmentation by Distribution Channel Type

Retail Outlets
Supermarkets
Hypermarkets
Online Sales

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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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River Cruises Market is Projected to Reach US$ 1.71 billion by 2032, up from US$ 1.45 billion in 2022

The river cruises market is estimated to reach US$ 1.71 Billion in 2032, likely to surge at a vigorous 2% CAGR during the forecast period of 2022 – 2032

River cruises is now a major tourist industry in different parts of the world. In a river cruise, the ship is smaller and carriers fewer people than in an ocean liner. Also, since the river cruiser is smaller, these type of ships can travel in a river and in shallow waters and gives the traveller a chance to explore vibrating cities and laid back towns and villages, and also go in unexplored areas where large ships cannot go.

River cruises as an industry is flourishing in Europe, United States, South East Asia, and Africa. Some popular locations on river cruises include London, Paris, Amsterdam, Budapest, Bangkok, Singapore, Ho Chi Minh City, New York, San Antonio, Luxor and Cairo.

River Cruises: Drivers and Restraints

Most river cruises give the luxury of unpacking only once and then the traveller is all set to enjoy the sights and sounds of their river cruise.

River cruises are relaxing, giving the traveller a reprieve from the fast paced urban life and offer great food and great chances of exploring interesting cities, towns and villages that large ships cannot go to because of size limitations. These are some of the drivers that are boosting the river cruises industry worldwide.

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However, the traveller must remember that once in a river cruise, the traveller will have to follow the schedule set by the organisers. If the traveller finds one place more interesting, they cannot stay at that place longer, because the river cruiser has to leave the said port. In addition, some of the river cruises are only meant for adults and they are not meant for children. This limits the adoption of river cruises as a vacation option.

River Cruises: Description

Since river cruise ships tend to be smaller than the ocean cruisers, the travelling experience in river cruisers can be intimate and travelling in some of these cruisers can be really fun.

There is no mad rush to get back to the hotel, as the hotel is always a walk away on the river bank. Also, you have to unpack only once, since you don’t need to change your hotel room always when you are in a different city or a town, the ship is always nearby.

However, the traveller must keep in mind that river cruises are a rather subdued affair as compared to life in an ocean liner where you can dine in different restaurants every night or spend the whole night in a casino. In contrast, since the river cruisers are smaller, the experience on board one is far more intimate and relaxed. Also, unlike an ocean cruise, land is always in sight in a river cruise and the traveller isn’t at a risk of getting motion sickness.

The biggest advantage while on a river cruise is that the traveller doesn’t need to plan each and every step of the travel, since once you book a river cruise, everything is taken care of and the traveller just has to follow the schedule of the river cruiser. Also, since the size of the river cruiser is much smaller, the traveller gets to know each and every one in their group as the number of people travelling together is far lesser.

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This leads to a first-hand experience to know different travellers from different walks of life and there is an advantage of getting personalised service from the crew of the river cruiser. Due to all these advantages and the lure of an intimate and a laid back holiday, many travellers are getting attracted to river cruises and such cruises are getting more and more popular.

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

Key Segments Profiled in the River Cruises Market Survey

By Type:

Onboard facilities
Passenger tickets

By Age Group:

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

By Customer Orientation:

Male
Female
Others

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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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Responsible Tourism Market to Grow with the Increase in Customer Awareness and the Support from Government Authorities

The responsible tourism market is poised to reach a valuation of US$ 240.23 Bn in 2022. Sales are projected to increase at a 5.48% CAGR, with the market size reaching US$ 409.57 Bn by 2032.

The Responsible Tourism market is forecasted to grow at a stable rate throughout the forecast period. The need for environmentally, economically, and socially responsible tourism practices has given rise to this type of tourism.

Customers are actively trying to make their tours and trips as responsible as possible; with this increasing demand from customers, the firms are catching up with lucrative packages that ensure a responsible tour.

This has helped the market grow at a good speed while creating employment opportunities for the locals of the tourist spot. The market is expected to rise further with the customer base increasing as more awareness is spread across the world.

Socially responsible tourism has been a popular option since the period of globalization, with a strong sentiment toward improving the geopolitical situation, there arises a need to socialize and integrate with different cultures from around the world. This has led to people traveling to different places across the world while ensuring that they respect the local culture and help it improve financially. The creation of jobs for locals has also seen a drastic improvement since the rise of responsible tourism, with tourists helping immensely by contributing through their tourism activities.

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Key Takeaways from the Responsible Tourism Market Study:

Asia Pacific region holds the majority share of the market, accounting for 38% of the market.
Some of the leading countries in the market are India, South Africa, New Zealand, Mexico, and Indonesia.
Environmentally responsible tourism is the leading category in the market.
Packaged travellers remain the majority in the market.
A positive impact on tourist satisfaction has been found when responsible tourism is practiced.
Online booking channels are the most preferred among consumers in the responsible tourism market.

“Helping local economies and creating employment opportunities will be one of the main goals in the responsible tourism sector” – FMI Analyst said.

Impact of COVID-19

The COVID-19 epidemic has impacted practically all of the world’s main markets. This included the total shutdown of the responsible tourism industry, which was severely harmed by the pandemic. The global lockdown had a significant impact on the market; it was implemented to curtail social activities and the transmission of the virus. Tourism-related activities had to completely stop as a result.

Following the epidemic, the market did recover as the major companies innovated their products and worked to make up for their losses. Owing to the rise in individuals wishing to venture outside and partake in outdoor activities they were unable to participate in due to the epidemic, the sector is anticipated to experience a boom in visitors.

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Who is winning?

The market players are looking to become recognized, as responsible tourism practices rise due to the rising consumer demand for responsible travel. Additionally, the businesses hope to offer consumers packages to places that are less frequently visited by tourists. This along with grabbing the increasing government initiatives

The key players in the responsible tourism market are Intrepid Travel, Much Better Adventures, Undiscovered Mountains, Adventure Alternative, Justice Travel, Global Himalayan Expedition, and European Safari Company.

The Responsible Tourism Market by Category

By Benefit Type:

Economic
Social
Environmental

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Package Traveler
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Destination Wedding Market is Estimated to Reach at US$ 290,550.5 Mn in 2031 | Impact of COVID-19 on the Market

The destination wedding market with the rising penetration of social media. Usage of drone footage in marriage events takes destination weddings to the next level. Future Market Insights (FMI) in its latest study has forecast the market to rise at a CAGR of ~30.6% between 2021 and 2031.

As per the market analysis, the destination wedding market will generate revenue, surpassing US$ 21.5 Bn in 2021. By 2031, the market is forecast to cross US$ 290 Bn. Food service activities remain important and are set to account for 39% of the value share in 2021.

With the help of drone videography, couples can avail high-quality footage and photos while saving time and money compared to traditional photography solutions. New generation couples are focusing on sustainability and many consumers prefer eco-friendly destination weddings.

Many players offer natural locations for destination weddings like the Riverview Retreat in Jim Corbett and the Banyan Tree, Phuket. Choosing a park or resort not only provides a beautiful spot to get married but also contributes economically while bolstering exposure to a place devoted to environmental stewardship.

Companies are extensively focusing on leveraging their services through enhancing retail penetration and mass marketing. They are actively collaborating with well-established and local online retailers to ensure accessibility in both developed as well as developing countries. These trends are expected to fuel growth in the long term.

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Key Takeaways from the Destination Wedding Market Study

International destinations are expected to hold 66% revenue share owing to a wider range of options for aesthetics and climate that have attracted a larger pool of couples.
Wedding ceremonies dominates the market with a 33% share, with higher importance being given to family functions.Italy holds a noteworthy share of 17% of destination weddings, aided by a wider range of location options.Santorini will account for a 16% share owing to a high level of penetration of key players with varieties of beaches and scenic mountain locations.
Corfu accounts for 15% of destination wedding events, aided by destination options and optimal climate for most of the year.

“Rise in personalized, innovative and green wedding events with a focus on attractive surroundings, advanced facilities, and a surge in income and rapid urbanization are key factors that will positively influence market revenue through 2031,” says an FMI analyst.

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Impact of COVID-19 on the MarketThe outbreak of the novel coronavirus has resulted in an economic downswing by causing disruptions in the business operations in various sectors. The service industry is one of the hardest hit. There has been observed a reduction in the overall discretionary spending, which posed a temporary challenge for the players operating in the market.

As the coronavirus crisis continued, large cities banned gatherings and asked people to follow social distancing guidelines.

Couples have moved on to live streaming using videoconferencing applications. This led to a major slowdown in the wedding industry, with many couples canceling or postponing their events. Many people who work in wedding industry including photographers and caterers also suffered due to strict norms.

However, with improving situations in the third quarter of 2020, the market saw a slight improvement. It is expected for the market to gain its initial growth in the second quarter of 2021.

Who is winning?

Aggressive promotional strategies, advertisements, and new product launches have driven sales of destination weddings around the globe.

Major players present in the destination wedding market include White Eden Weddings, FiestaSol, Tropical Wedding & Honeymoon, Magical Weddings, Sparkles & Bubbles, ALL THINGS BEAUTIFUL, PLANNED FOR PERFECTION, Peach Perfect Weddings, The Wedding Travel Company, LM WEDDING PLANNER, Jennifer Fox Weddings, W Day, The Destination Wedding, Wedding Planner Roma, and Studio Brzak Events among others.

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Saudi Arabia Hajj Tourism Market to Rise US$ 150.0 Billion in 2022, likely to surge at a vigorous 7.0 % CAGR in 2032

The saudi arabia hajj tourism market is estimated to reach a valuation of US$ 150.0 Billion in 2022, likely to surge at a vigorous 7.0 % CAGR from 2022 – 2032

The Hajj is an annual journey to Mecca in Saudi Arabia and is the world’s largest mass gathering. All the physically and financially able grownup Muslims make Hajj at least once in their lifetime.

Around two million Hajjis travel to Saudi Arabia during September to visit Islam’s holiest places, Mecca and Medina. Earlier, Hajj was a simply a traditional ritual in the Islamic world, but in recent days it has become a tourism destination because of the facilities evolved over the last few years.

The Hajj signifies main tourism prospect for both national and international stakeholders, mainly tour operators and hotel groups. The Saudi Arabia government is also supporting this holy gathering by investing in hotels and renovating ancient religious sights. To promote Hajj tourism globally a landmark hotel named as Abraj Kudai Hotel is in the pipeline – this hotel is anticipated to be the world’s largest hotel with 10,000 rooms.

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Hajj is emerging as a perennial flow of religious tourists and is a primary source of revenue generation from international pilgrims from countries with a large Muslim population. Domestic pilgrims are also contributing to the revenue generation. Some of the international pilgrims come from countries such as India, Indonesia, Nigeria, Morocco, and Algeria among many other Muslim countries.

Saudi Arabia Hajj Tourism Market: Drivers and Opportunities

Mainly, factors such as religious faith or established rituals to follow among spiritual Hajjis and the growth in per capita income are driving Saudi Arabia Hajj Tourism Market by bringing Hajjis from all over the globe. The other drivers that trigger the demand for Hajji Tourism in Saudi Arabia are the comforts and facilities built for the devotees, ease in travel and accommodation. Besides, many historical monuments are renovated by the Saudi government which become add-on tourist spots and major attractions for the pilgrims.

Saudi Arabia Hajj Tourism Market is an enormous opportunity for travel and hotel industry for future business prospects. Some opportunities listed are many domestic and international airlines including Qatar Airways, Qatar’s Al Maha airlines that provide their services on domestic and international routes, and this will increase the competition.

The rise in the volume of national and international Hajjis propell the demand for accommodation thereby boosting hotel rentals. Backpack concept in areas such as Riyadh, Jeddah and Medina is also coming up as a possible opportunity with a business and facility point at Hajj Tourism within the Saudi Arabia tourism industry.

Saudi Arabia Hajj Tourism Market: Restraints

As Hajj is practiced from ancient time and is a tradition in Islamic region, persistence in the visit by devotees can be seen significantly, but some factors such as lack of facilities, chances of accidents, and lack of travelling provinces are slowing down the volume of pilgrims to an extent.

Although the government and private sector have taken many initiatives to overcome the hindrances to some extent, certain restraints such as large rental car booking, shortage of rental vehicles, over occupancy of accommodation, serious crowding of the places and unorganised facilities hinder Saudi Arabia Hajj Tourism Market.

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Saudi Arabia Hajj Tourism Market: Options

As per the 2013 Saudi Tourism and Antiquities Committee (SCTA) count, there were around 160 tour agents in Saudi Arabia catering only to religious tours mainly Saudi Arabia Hajj Tourism Market.

Some of the prominent Hajj tour operators who provide their services to tourists across the world include Flynn’s Company LCC Accor KSA, Al Tala’a International Transportation Co. Limited, Fly Dubai Saudi Arabia, Al Tayyar Travel Group, Zamil Travel, Avis Saudi Arabia, Zahid Travel Group, Boudl Hotels & Resorts, Wyndham Hotel Group Saudi Arabia, and Europcar Saudi Arabia among many others.

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

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

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Wildlife Tourism Market is Estimated to Reach US$ 219.9 Billion in 2032 and 5% CAGR during 2022-2032

The wildlife tourism market is projected to reach US$ 219.9 Billion in 2032 and anticipated to grow at robust 5% CAGR during 2022-2032

Wildlife tourism – or observing wild animals in their own habitat – is a critical part of the tourism industry in Australia, America, Africa, Canada, Indonesia, Maldives and Sri Lanka.

Wildlife tourism includes interaction with wildlife in the form of photographing and watching animals in their very own habitat from a long distance. Wildlife tourism comes under the category of adventure tourism while supporting the core values of nature conservation and eco-tourism.

Wildlife Tourism: Positive and Negative Impact

During the visit to wildlife destinations, tourists contribute to the improvement and conservation of the conditions of wild animals. Wildlife tourism also improves the life of the local tribes, as when tourism flourishes, they get opportunities of improved livelihood. Continuous flow of tourists keep the poachers away from killing endangered species of animals. When tourists visit wildlife sanctuaries certain amount of entrance fee is charged from them.

This money is directed towards animal conservation programmes. However there are some negative impacts too. The disturbance is always high when tourists approach the wildlife very closely to take photos. Also, the breeding patterns of animals may also get disturbed due to constant pressure of tourists to take photographs of animals with their young ones.

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Wildlife Tourism: Drivers

As the entry fee charged from tourists is invested in the conservation of animals, more and more tourists are willing to re-visit wildlife sanctuaries and are ready to pay extra as entry fees, just to ensure animal life conservation. In addition to merely watching animals, tourists are also aware of the various fauna and flora species, which attracts them to wildlife tourism, which is consequently driving the growth of the wildlife tourism sector.

Lot of infrastructural development in and nearby wildlife sanctuaries such as hotels, guest houses and eco-tourism villages and jungles are also attracting a large number of tourists. So now tourists not only visit national parks and wildlife sanctuaries to see animals but also for relaxation which they get by being away from the hustle and bustle of city life. Due to better infrastructural development movie shootings also take place in nearby areas which attract local travellers and this fuels the growth of wildlife tourism.

Many schools arrange trips in wildlife sanctuaries to introduce students to the flora and fauna in sanctuaries. Besides, wildlife photographers who keep visiting the sanctuaries also create robust development in the sector of wildlife tourism. Many wildlife sanctuaries are famous for tigers. Ranthambore wildlife sanctuary and Kanha National Park in India are among the few sanctuaries where tourists can get very close to tigers.

Many tourists frequently visit these sanctuaries just to see tigers and this is boosting the global wildlife tourism sector.

Famous Wildlife Sanctuaries Across the World

Lone Pine Koala Sanctuary in Brisbane, Australia, Chengdu Moonbear Rescue Centre in China, Noah’s Ark in Georgia, USA, Corbett National Park in Uttarakhand, India are some of the famous wildlife sanctuaries across the globe.

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Key Segments Profiled in the Wildlife Tourism Market

By Wildlife Tour Types:

Forest Wildlife Tours
Marine Wildlife Tours

By Age Group:

15.25 Years
26-35 Years
36-45 Years
46-55 Years
66- 75 Years

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women
Children

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Culinary Tourism Market to Grow at a CAGR of ~16.6% in 2032 | Europe Dominated the Market

The global culinary tourism market to grow at a CAGR of ~16.6% during the forecast period of 2022 and 2032. Travelers are rethinking the consequences of their consumption, and vegans, vegetarians, and flexitarians are gaining immense traction in food tourism.
Vegetarian and vegan tourists are searching on the internet and other sources for vegetarian and vegan-friendly options. They are willing to try new things and meet new people who are likeminded.

Another factor driving demand in the culinary tourism market is the spread of social media and advertising of distinctive food and beverage experiences. As a result, Gen-Zers and baby boomers are quickly becoming the most important target demographic. Increased viewership of food programmes on television and online streaming services is also fueling market demand.

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Key Takeaways from the Culinary Tourism Market Study

Europe dominated the culinary tourism market and held the largest revenue share of in 2021.France, Germany and U.K. are expected to lead the culinary tourism market in Europe.
In terms of booking channel, online travel agents segment is estimated to account for the highest value share in the culinary tourism market.
In terms of activity type, food festival segment leads in terms of market share as food-festival events have become trend-setters in the culinary world.
In terms of tourist type, domestic segment dominated the culinary tourism market in 2021, as travellers are more familiar with the rules, laws and tax policies pertaining in their region.

“Regions are embracing their culinary history and are incorporating gastronomy in their tourism offerings. Further, countries with rich culinary traditions are focusing on the development of culinary tourism and providing incentives for local businesses to invest in this tourism segment.” says an FMI analyst.

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Who is winning?
The players operating in the global culinary tourism industry have adopted various developmental strategies to expand their market share, exploit the culinary tourism market opportunities, and increase profitability in the market.

Major players present in the culinary tourism market are Abercrombie & Kent USA, LLC, Classic Journeys, LLC, G Adventures, Greaves Travel Ltd, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, Topdeck Travel [Flight Centre (Uk) Limited)], The Travel Corporation, Gourmeton Tour Culinary Adventures, International Culinary Tours, and Butterfield & Robinson Inc. among others.

Global Culinary Tourism Market by Category

By Activity Type:

Culinary Trials
Cooking Classes
Restaurants
Food Festival
Others

By Booking Channel:

(OTA) Online Travel Agents
Traditional Agents
Direct Booking

By Tourists Type:

Domestic
International

By Tour Type:

Independent Traveler
Tour Groups
Package Traveler

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46- 55 Years
66-75 Years

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Point Of Care Blood Testing Devices Market is predicted to register a CAGR of 11.3% from 2022-to 2032

Point of care or POC blood testing devices are easy handheld devices which are used to perform various blood tests. Point of care blood testing devices are used to obtain diagnostics test such as protein test, blood metabolites test, hormone blood test, INR or prothrombin test (PT), haemoglobin test and also used to test glucose level in blood. Point of care blood testing devices also referred by many different names such as remote testing device, near-patient testing device and rapid diagnostics devices.

The protein test measures the total amount of the proteins which can be differentiated in albumin and globulin in the blood. The blood metabolites test perform to determine hyperthyroidism and hypothyroidism. The hormone blood test are performed to determine the hyperthyroidism, hypothyroidism, or fertility issues.

INR test or prothrombin test are performed to check bleeding problems. Prothrombin test basically measures coagulation that how long it takes blood to clot. The haemoglobin test measures red blood cell count in blood. A glucose test measures the sugar level hyperglycemia or hypoglycemia in bloodstream and it is performed to determine diabetes.

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Point Of Care Blood Testing Devices Market: Drivers and Restraints

The global market of the point of care blood testing devices is driven by the increasing awareness among the population regarding to diabetes in adults and children. The key drivers of the market are increasing incidence of diabetes and different types of medical test.

The growing advancement technologies and the development of blood testing devices such as point of care blood testing analyzer, point of care blood testing analyzer and point of care diabetes analyzer are the prime factors to drive the market. The increasing growth in a number of diabetic patients and increasing demand for such devices is expected to drive the market. The lack of knowledge and lack of experience in using these advanced technologies can act as a restraint to the market.

Point Of Care Blood Testing Devices Market: Overview

The increasing awareness among the people and the increasing advancement technologies are expected to drive the market. The point of care blood testing devices market is classified by product type, by technologies and the distribution channel. In terms of product type the global market of the point of care blood testing devices segmented into diabete POC analyzer, coagulation POC analyzer, POC blood analyzer and hematology POC reader. By technologies, the global point of care blood testing devices market is segmented into printer devices, touch-screen devices and hand-held devices. BY distribution channel, the global point of care blood testing devices is segmented into retail prices, hospitals, clinics, health centers and homecare settings.

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Point Of Care Blood Testing Devices Market: Regional Overview

On the basis of geography, the global surgical eyeglasses market is segmented as North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to lead the market due to better economic condition, better healthcare facilities and better government initiatives. Europe market is expected to hold the second largest market share followed by Latin America due to increasing awareness and increasing adoption of advanced technologies.

Market: Key Players

Some of the players in point of care blood testing devices market are F. Hoffmann-La Roche Ltd., Getein Biotech, Inc., Abbott Diagnostics Inc., Callegari Srl, Goldsite Diagnostics Inc, TaiDoc Technology Corporation, Alere Inc, MED TRUST and others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

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Camping and Caravanning Market to Rise at a CAGR of ~7.6% in 2030 | Europe Region is Expected to Retain its Dominant Position

The global camping and caravanning market is estimated to rise at a CAGR of ~7.6% between 2020 and 2030.

According to Future Market Insights, the market will expand steadily. Currently, the majority of nations, including the Philippines, India, Thailand, Brazil, and the United Arab Emirates, are investing considerably in their airports to improve arrival/departure facilities for a considerable number of visitors in the near future.

Players in these nations also emphasise infrastructure development as well as historical and camping site restoration. Other reasons influencing the expansion of the camping and caravanning sector include the enhancement of lifestyle, highlighting culture and variety, and constructive collaborations between governments to develop infrastructure for better living and commuting.

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Key Takeaways from the Camping and Caravanning Market Study

According to the report, companies are increasingly focuses on customer loyalty programs, as the camping and caravanning is a customer-driven market, and players target a particular set of customers and retain them by meeting their requirements. Accordingly, the development of technology-driven, customer-centric services and innovative discount offers through gift cards is expected to boost the revenue of the companies in the global camping and caravanning market.
Nowadays, e-Gifting is gaining popularity among consumers, owing to advantages such as convenience, easy availability, and customization benefits. Thus, prominent players in the camping and caravanning market offer e-Gift cards to customers with an objective to retain them in the future.
The Europe region is expected to retain its dominant position in the global camping and caravanning market, due to increase in frequency and length of holidays by young population in the caravan camping parks coupled with growing trend of mobile homes without relying on hotels or motels in the region.
Among destination type, the privately owned campgrounds segment is anticipated to show a relatively higher CAGR in the global camping and caravanning market in the near future, as increasing number of millennial campers and rise in demand for luxury camping facilities across the globe.

“Prominent players in the global camping and caravanning market are focusing towards loyalty programs to attract customers towards camping activities. Moreover, prominent players are significantly advertising and promoting gift cards for campers through social media and other offline stores to increase customer awareness and retention rate” says an FMI analyst.

Staying connected on social media while camping remains a priority of millennials. The availability of Wi-Fi and improved cell phone service at campgrounds is increasing the active participation of millennials in camping parks, is anticipated to propel the camping and caravanning market in the foreseeable future. Additionally, the fast-paced advertising and technological landscape has become an essential part of the camping and caravanning industry, as tourists seek the best travel experience in a shorter duration is another factor drives the global camping and caravanning market over the forecast period.

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Who is winning?

Some of the key players operating in the camping and caravanning market ACCOR SA, Internacional Palamos, Radisson Hotel Group, Haven Leisure Limited, Hilton Worldwide Holdings Inc., TENTRR, HIPcamp, Vacansoliel, Selectcamp, ACSI Holding BV, and others.

Several prominent market players are significantly exploring new camping sites as more and more people are showing interest in adventure camping and glamping. Besides this, companies are also significantly improving their digital presence to meet customer expectations and introducing new customer loyalty programs by providing personalized experiences and reserving exclusive offers for members.

In January 2020, Hilton Worldwide Holdings Inc. introduced a new lifestyle hotel brand ‘Tempo’, to serve the growing segment of modern achievers. This new chain of hotels, with wellness and sustainability at the foundation, will provide a unique experience to younger and eco-friendly travellers. This expansion is anticipated to help the company expand its product portfolio and market footprint worldwide.
In 2020, ACSI Holding BV introduced new ACSI guides and apps for campers who likes to visit campsites with their own motorhome. This will enable travelers to camp at bargain prices off-season at more than 3,600 campsites in Europe. It will also provide extensive information about 8,000 ACSI-inspected campsites.

CAMPING AND CARAVANNING MARKET TAXONOMY

The global camping and caravanning market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Destination Type

State or National Park Campgrounds
Privately Owned Campgrounds
Public or Privately Owned Land Other Than a Campground
Backcountry, National Forest or Wilderness Areas
Parking Lots
Others

Type of Camper

Car Camping
RV Camping
Backpacking
All

Consumer Orientation

Male
Female
Kids

Age

6-12 yrs
13-17 yrs
18-24 yrs
25-44 yrs
45 + yrs

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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Educational Tourism Market is Expected to Exhibit Compound Annual Growth Rate (CAGR) of 17.2% in 2031

The global educational tourism market is estimated to reach a value of US$ 1,947.0 billion by 2031, with a robust CAGR of over 17.2%.

Governments all across the globe have contributed to the modernization of the education system by creating smart learning initiatives and aligning education curricula with global teaching standards.

The as artificial intelligence (AI), machine learning, virtual reality (VR), augmented reality (AR), etc. has led to the adoption of more efficient methods of teaching and in turn delivering an enhanced quality of education.

Governments have adopted several initiatives to support the integration of technology into the education system. For example, the UAE has initiated an Innovation Hub by Oracle in Dubai, allowing students to pitch ideas for developing technological changes.

Meanwhile, the UAE government has allocated funds towards ICT development and establishment of 122 innovation libraries in schools with Arabic representation in technology in order to encourage and promote education among Arabic-speaking students.

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The main objective for integrating new technologies into the educational system is to enable students to adapt to the ever-evolving dynamics of various industries. Moreover, regional governments are focusing on creating an ecosystem led by innovation and a knowledge based economy.

Therefore, the adoption of these technologies into the education system remains a top priority for government authorities.

Key Takeaways from the Educational Tourism Market Study

India, the U.S., the U.K., France, and Japan among others are the most popular destinations for educational tourism.
The U.S., the U.K., China, and Australia among others are top-visited countries in the world for educational tourism and are becoming an education hub for international students.
In terms of course type, master degree will be the most preferred type among consumers, contributing over 71% of global market share
Students are the primary end-users, enabling the global educational tourism market growth and are expected to generate over 39% of revenue during the forecast period
Global travel companies are anticipating high growth in the educational tourism sector. Though nascent in certain areas of the world, many travel companies are conducting educational tours, thereby promoting the importance of education and contributing to the growth of the educational tourism sector.
The concept of informal learning is more appreciated than formal learning, i.e., “education with travel”. Further, the thirst for knowledge has also increased thereby encouraging people to travel across the globe to gain knowledge of different concepts and technologies that they had studied earlier.

“Given the ever-growing demand for higher education and to bring to the attention of the local authorities to the implementation of the national strategy for international cooperation, international student recruitment has become a priority.

Implementation of various policies and measures to help recruitment of a higher number of international students will therefore present highly lucrative growth opportunities for the market,” says an FMI analyst.

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Impact of Covid-19 & 2020 Market Analysis

Educational tourism has been one of the most affected industries from the very beginning of the outbreak of the coronavirus, with airlines on the ground, the suspension of outgoing and incoming flights, nationwide lockdowns, hotels closing and travel controls enforced.

In the FQ-20, the pandemic limited the arrival of international visitors to a fraction of what they were one year before. Countries all over the world imposed travel restrictions to limit the spread of the coronavirus, which broadly affected the overall tourism industry.

Additionally, The Director-General and CEO of IATA reported that financially, 2020 was the worst year in aviation history. On average, US$ 230.0 Mn has been added to business losses on each day of this year, contributing to a net loss of US$ 84.3 Bn dollars.

In 2020, with the extreme effects of the Covid-19 pandemic, in contrast to 2019 estimates, foreign tourism decreased by 22% in Q1 and by 65% in the first half of 2020, which directly impacted the educational tourism industry.

Who is Winning?

Players in educational tourism market adopts a virtual and online approach to connect with potential people. For instance, key players such as GVI Company, EF Educational Tours, and M.K.H Consultancy Services, among others provides virtual internship program and online classes. This approach helps the players to attract more customers.

Few key players in the educational tourism market are Meridean Overseas, GVI Company, Global Volunteers, Capital Tours, Inc., EF Educational Tours, Road Scholar, AAI Edutourz, ACIS Educational Tours, GoIreland, Qadri International Education Consultancy, Intelligent Partners, Futures Abroad, ProEd DMCC, Education Resources Network (ERN), Education Zone, Fact, IQ Education Consultants, M.K.H Consultancy Services, and Stratix Consultants among others.

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