Sustainable Tourism Market is Expected to Exhibit Compound Annual Growth Rate (CAGR) of 23.4%

The sustainable tourism market to grow at a 33.3% in 2022. As per the FMI analysis, the sustainable tourism market size will surpass US$ 1.0 Tn in 2022. Between 2022 and 2032, the market is expected to exhibit compound annual growth rate (CAGR) of 23.4%. The share of global sustainable tourism market in the parent market (travel and tourism industry) is estimated to be at 2%-5%.

Sustainable tourism is the type of tourism that establishes an appropriate stability among the environmental, economic and socio-cultural features of the travel industry; it plays a vital role in preserving biodiversity. The primary objective of sustainable tourism is to reduce the negative impact of tourism on surroundings and local culture so that it will be offered for future generations, while funding to generate income, occupation, and the preservation of local ecologies.

Sustainability in tourism is an ethical practice in tourism similar to responsible tourism and ecotourism. Sustainable tourism has been in practice since 1992. Sustainable tourism is all about efficient technology, cleaner production, environmental protection and communal engagement. Sustainability is well-known amongst travel lodging amenities mainly trailed by tour agents as well as new destinations.

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Sustainable Tourism: Drivers and Opportunity Areas

Largely, a sense of accountability towards the environment with an addition to the socioeconomic wellbeing of local societies amongst tourism operators is fuelling the demand for sustainable tourism all over the globe.

The other drivers that trigger the need and requirement of the sustainable tourism segment include growing awareness towards securing the natural and traditional habitat of the destination concerned as well as a shift in the mindset of many travellers from traditional travelling concerns such as price, brand, quality, and convenience towards social, cultural and environmental issues that are significant to the places they holiday.

Sustainable tourism is still an emerging concept and many regions are not aware of this type of tourism; hence enormous opportunities including covering many untapped areas and the fusion of sustainable tourism with ethno-tourism and eco-tourism are coming up as possible opportunity areas for sustainable tourism in the global tourism industry.

Sustainable Tourism: Trends

The millennial and baby boomer generation of travellers is more inclined towards sustainable tourism and their preferred destination seems to be South Africa. Holidaying in places with an abundance of natural habitat and ensuring eco-friendliness is becoming an emerging trend among the tourists during their sustainable travel; travellers enjoy the ecstasy of the natural habitat of a place without causing any discomfort to the local plant, animal and bird species or human localities.

Nowadays there is a trend of undertaking a fusion vacation of sustainable tourism with eco-tourism. Another noticeable trend encountered is the transformation of sustainable tourism from a holiday trip to social work. Among the young generation of tourists, sustainable tourism is a growing trend where they are ready to pay more for sustainable brands that display commitment or dedication to environmental and social values.

The trend among tourism operators to practice sustainable tourism is growing as travellers are demanding more creative and responsible holidays. In fact tourists prefer buying services and products from the vendors who are dedicated and practice programs on giving or paying back to society.

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Sustainable Tourism: Restraints

However, there are certain factors that are hindering the growth of the sustainable tourism segment such as a limited audience or travellers as this concept of tourism is not very comfortable and luxurious to most travellers. Another restraint is less awareness among global tourists about sustainable tourism, as some travellers prefer highly comfortable and luxurious vacations and look for such options only.

Many tourists do not find this concept relevant, and changing their mind-set in favour of sustainable tourism is another challenge for the sustainable tourism segment.

Sustainable Tourism Market: Options

There are numerous destinations where sustainable tourism is practiced and most of them are at the destinations of natural habitat. Sustainable tourism is largely practiced in the regions of Africa, India, and Brazil among others.

Major destinations where sustainable tourism is advocated and practiced include National Park, Marine Park, National Reserve, Marine Reserve, Wildlife Sanctuary, State Forest, Local Authority Forest, Sacred Forest, Wildlife Conservancy, Game Ranch, Beach, and World Heritage Site among many others.

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

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

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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Market by Category

By Type (% of Demand), Sustainable Tourism Market is segmented as:

  • Ecological Tourism
  • Eco Tourism/ Green Tourism
  • Soft Tourism
  • Community Tourism

By Booking Channel (% of Demand), Sustainable Tourism Market is segmented as:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Consumer Orientation (% of Demand), Sustainable Tourism Market is segmented as:

  • Men
  • Women

By Tourism Type (% of Demand), Sustainable Tourism Market is segmented as:

  • Domestic
  • International

By Tourist Type (% of Demand), Sustainable Tourism Market is segmented as:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Age Group (% of Demand), Sustainable Tourism Market is segmented as:

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

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Glamping Market is Expanding at an impressive 11.8% CAGR in 2022-32

The glamping market is estimated to reach a valuation of US$ 10.6 Bn in 2032, expanding at an impressive 11.8% CAGR over the assessment period.

Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that include optimal safety of tourists is boosting sales in the glamping market.

Due to the advent of the COVID-19 pandemic, consumers are more concerned about the safety while participating in outdoor activities. In response to this, players in the market are improving their services by adding effective personal safety protocols, thereby boosting sales.

Increasing government-backed investments in the tourism sector across the globe is a chief factor driving the glamping market. Players in the tourism sector are offering better means to attract more tourist to outdoor locations.

The uptake and integration of technologies in such locations is encouraging consumers to opt for outdoor recreational activities, thereby augmenting the growth in the market.

The developments of recreational vans and other motor homes with rental services is another factor boosting the market. Individuals are spending quality time with family and friends in remote areas and with the availability of all the resources at hand, which is emerging as a trend in the global tourism sector.

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Further, the higher number of tourist locations in Europe and the development of regional tourism by various countries such as Spain, France, U.K., Germany, etc., is spurring demand in the market, and the trend is expected to continue over the forecast period.

“Increasing sales of eco-pods, along with growing integration of technologies to facilitate comfort and safety in such accommodations will continue driving sales in the market over the assessment period,” says the FMI analyst.

Key Takeaways:

  • Based of product type, sales of eco-pods will remain high through 2032.
  • In terms of age group, demand in the 18-32 segment will gain traction over the forecast period.
  • By size, the 2-5 persons segment will expand at a robust pace through 2032.
  • The U.S. will continue dominating the North America glamping market.
  • Spain will emerge as a lucrative market, accounting for a dominant share in the Europe glamping market.
  • The India glamping market will continue witnessing high demand over the forecast period.

Who is winning?

Few key players in the glamping market are Bourne Leisure Holdings Limited, TENTRR, Tents Xpert, Under Canvas, The Resort at Paws Up, Collective Retreats, Asheville Glamping, GlamXperience, PurePods, Getaway House, Inc., Hoshino Resorts Inc., and Baillie Lodges among others.

Leading players operating in the global glamping market are investing in research and development to improve the quality of products and services to attract more customers.

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Glamping Market By Category

By Type :

  • Motor Homes
  • Tree houses
  • Eco-pods
  • Yurts
  • Tipis
  • Safari Tents
  • Bell Tents
  • Others

By Consumer Orientation :

  • Male
  • Female
  • Kids

By Age Group :

  • Below 18 years
  • 18-35 years
  • 35-50 years
  • Above 50 years

By Size :

  • Less than 2 people
  • 2-5 people
  • More than 5 people

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Mobile Computed Tomography Scanners Market is likely to record a CAGR of 5.5% during the forecast period of 2022 to 2032

The market report envelopes an all-in information of the global Mobile Computed Tomography Scanners market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Mobile Computed Tomography Scanners market with DROT and Porter’s Five Forces analysis.

With SWOT analysis, the report offers detailed insights about different players operating within the Mobile Computed Tomography Scanners market. In addition, the analysts of the report have served thequalitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Mobile Computed Tomography Scanners market.

The COVID -19 pandemic has put forth a demanding situation for players in Mobile Computed Tomography Scanners market. The widespread of the pandemic and the humanitarian toll taken by it is making it challenging for market players to respond. This research study provides insights backed by our assessment of earlier emergencies and market expertise.However, the pandemic is spreading rapidly, and some of the information in this study may become outdated.

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Key segments covered in the global Mobile Computed Tomography Scanners market report by product type include

  • Low-slice scanners (< 64 slices)
  • Medium-slice scanners (64 slices)
  • High-slice scanners (>64 slices)

The Mobile Computed Tomography Scanners market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

By end-use, the global Mobile Computed Tomography Scanners market consists of the following:

  • Hospitals
  • Diagnostic Clinics
  • Research Academics

The Mobile Computed Tomography Scanners market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the globalMobile Computed Tomography Scanners market.

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Prominent players covered in the global Mobile Computed Tomography Scanners market contain

  • Olympus Corporation,
  • Karl Storz GmbH & co KG,
  • Koninklijke Philips

All the players running in the global Mobile Computed Tomography Scanners market are elaborated thoroughly in the Mobile Computed Tomography Scanners market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Mobile Computed Tomography Scanners market players.

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The Mobile Computed Tomography Scanners market analyses the following important regions:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa (MEA)
  • South Asia
  • East Asia
  • Oceania

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Thailand Tourism Market to Reach at US$ 76.60 billion in 2032 and US$ 57 billion in 2022

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

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

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

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

The Thai is the most widely spoken language in Thailand.

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

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

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

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

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

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

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

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

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

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

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

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

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Key Segments Profiled in the Thailand Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

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

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

By Tourist Type:

  • Domestic
  • International

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Breast Imaging Market is expected to increase at a 7.1% CAGR from an anticipated USD 4.3 billion in 2022 to USD 8.5 billion by 2032

[343 Pages Report] The breast imaging market is expected to increase at a 7.1% CAGR from an anticipated USD 4.3 billion in 2022 to USD 8.5 billion by 2032.

Technological improvements, the rising prevalence of breast cancer, the increasing number of screening programs, and the increasing number of conferences and symposiums concentrating on spreading awareness about the advantages of early screening and diagnosis are all driving breast imaging market growth along with breast imaging market adoption trends.

Attributes Details
Breast Imaging Market CAGR (2022-2032) 7.1%
Breast Imaging Market Size (2022) US$ 4.3 Billion
Breast Imaging Market Size (2032) US$8.5 Billion

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The rising breast imaging markets, increasing government and private investments to support the increasing demand for breast imaging, and a better reimbursement picture is likely to provide breast imaging market participants with a wide variety of breast imaging market key trends and opportunities prospects.

The National Cancer Institute conducts and encourages the development of recommendations for different organisations. Breast cancer is one of the most common causes of mortality among women.

As mammography is the standard procedure for screening breast cancer, governments and other healthcare organisations all over the world are taking steps to ensure that women have access to mammography screening. The global demand for breast imaging and mammography is expanding as a result.

There have been a lot of developments in the area that reduce over-diagnosis and improve sensitivity to identify tiny carcinomas. These ongoing improvements in this discipline are projected to boost the global breast imaging market‘s mammography segment.

The development and increased usage of improved mammography machines with novel technology are fueling breast imaging market future trends.

The Asia Pacific area is a prominent revenue generator in the breast imaging market. The rising prevalence of breast cancer, rising healthcare expenditure, an increase in the number of breast cancer awareness programs, and high government spending on breast cancer research studies in several Asia Pacific countries are the major factors driving the Asia Pacific breast imaging market opportunities.

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KEY TAKEAWAYS:

  • In the United States, the breast imaging market is estimated to reach US$ 3.1 Billion by 2032, increasing at a CAGR of 6.9% through 2032.
  • The breast imaging market in the United Kingdom is expected to be worth US$ 350.3 Million by 2032, with a CAGR of 5.9% through 2032.
  • China’s breast imaging market is expected to reach US$ 613.6 Million by 2032, with a CAGR of 6.4% through 2032.
  • The market for breast imaging in Japan is expected to be valued at US$ 494.9 Million by 2032, expanding at a 5.4% annual rate through 2032.
  • South Korea is expected to reach a market size of US$ 308.8 Million in breast imaging by 2032, with a CAGR of 5.0% through 2032.
  • The breast imaging market’s ionizing breast imaging segment from the technology category is predicted to develop at a CAGR of 7.0% through 2032.
  • By 2032, the hospitals & clinics sector in the breast imaging market’s end-user category will grow at a CAGR of 7.0%.

COMPETITIVE LANDSCAPE:

New market research report on Breast Imaging says that Hologic, Inc., GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Fujifilm Holdings Corporation, Canon Inc., Aurora Healthcare US Corp., Allengers, Dilon Technologies, Inc., Planmed Oy, Delphinus Medical Technologies, Inc., Micrima Limited, CMR Naviscan Corporation, SuperSonic Imagine, and Carestream Health., are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the breast imaging market, including breast imaging market growth, breast imaging market share, breast imaging market adoption trends and important market strategies.

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Recent Development in the Breast Imaging:

  • Densitas Inc. announced collaboration with Mammography Educators, LLC in November 2020 to build an artificial intelligence-powered telehealth technologist training platform that would promote business continuity in mammography clinics.
  • Hologic, Inc. announced the commercial availability of 3DQuorum Imaging Technology powered by Genius AI in Europe in October 2020. According to the company’s disclosures, the 3DQuorum Imaging Technology uses Genius AI-powered analytics to reconstruct high-resolution 3D data. This technology aids in lowering picture interpretation time.

Key Segments

By Technology:

  • Ionizing Breast Imaging
    • Mammography
    • Positron Emission Tomography-Computed Tomography (PET-CT)
    • Molecular Breast Imaging (MBI)
    • Positron Emission Mammography (PEM)
    • Cone-beam Computed Tomography (CBCT)
  • Non-ionizing Breast Imaging
    • Breast Ultrasound
    • Breast MRI
    • Automated Whole-breast Ultrasound (AWBU)
    • Breast thermography
    • Electric Impedance Tomography
    • Optical Imaging

By End User:

  • Hospitals & Clinics
  • Diagnostic Imaging Centers
  • Breast Care Centers
  • Other End Users

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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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Hormone Replacement Therapy Market is likely to grow at a CAGR of 11.29% through 2032

[340 Pages Report]  Hormone Replacement Therapy Market: Region wise Outlook
Depending on geographic regions, Global Hormone Replacement Therapy market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is having more market for Hormone Replacement Therapy, In North America, U.S. represents the largest market because of increasing use of Hormone Replacement Therapy among patients aged 35 years and over.
The availability of compounded drugs i.e. drugs in varied strengths, dosage forms, etc – is a major factor, which tends to boost the revenue growth of this extremely popular treatment market. Early onset of aging coupled with rising disposable income levels are other important factors fuelling market revenue growth.Asia region is expected to have more growth rate in upcoming years because of increasing awareness about Hormone Replacement Therapy in this region. In Asia region India, China, Japan are expected to have more growth rate for Hormone Replacement Therapy.Hormone Replacement Therapy is any form of hormone therapy where in the patient, in course of medical treatment, receives hormones, either to supplement a lack of naturally occurring hormones, or to substitute other hormones for naturally occurring hormones.Menopause, is the time in most women’s lives when menstrual periods stop permanently, and the woman is no longer able to have children. Menopause typically occurs between 45 and 55 years of age. Medical professionals defined by a decrease in hormone production by the ovaries. In those who have had surgery to remove the uterus but still have ovaries, menopause generally occurs at the time of the surgery or when hormone levels fall. Following the removal of the uterus, symptoms typically occur earlier at the average of 45 years of age.

Estrogen and progesterone are female hormones that play important roles in a woman’s body. Falling levels cause a range of physical and emotional symptoms, including hot flushes, mood swings and vaginal dryness. The aim of hormone replacement therapy is to restore female hormone levels, allowing the body to function normally again.

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Hormone Replacement Therapy Market: Drivers and Restraints

The prime drivers of hormone replacement therapy are increased demand from regenerative medicines such as anti-aging and reproductive-cycle boosting therapy such as menopausal hormone replacement. Rising demand in other therapeutic areas such as Growth Hormone Therapy and Thyroid Hormone Therapy due to comparatively safe profile, efficiency, and cost effectiveness of these drugs is expected to positively impact market growth. Moreover, new formulations such as transdermal drugs, gels and creams that offer benefits such as ease of drug administration and impact at location are expected to increase the growth of hormone replacement therapy market during the forecast period. Advantages associated with the hormone replacement therapy such as reduction in risk incidence of osteoporosis, cardiovascular disease, and reduction of vasomotor symptoms are also expected to boost the growth of hormone replacement therapy market in the coming years.

Hormone Replacement Therapy has side effects such as fluid retention, headache, indigestion, and depression. These are anticipated to hamper the popularity of the therapeutic area. Furthermore, UK-based NICE notes that hormone replacement therapy could be associated with breast cancer risk if the drugs oestrogen and progesterone are taken in combination. Prolonged consumption of HRT drugs could also lead to increased risk of blood clots. Studies have estimated that for every 1,000 women taking HRT tablets for 7.5 years, less than two will develop a blood clot. These restraints seem quite negligible when compared with the benefits of HRT.

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Hormone Replacement Therapy Market: Key Players

Some of the key market players in Global Hormone Replacement Therapy market are Bayer AG, Pfizer, Merck & co., BioSante Pharmaceuticals and Amgen, QuatRx Pharmaceuticals, Noven Pharmaceuticals.

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.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Pipeline Assessment
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific without Japan (China, India, ASEAN, Australia & New Zealand, Rest of Asia Pacific without Japan)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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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Hormone Replacement Therapy Market: Segmentation

Based on Therapy Type,

  • Estrogen Replacement Therapy
  • Growth Hormone Replacement
  • Dopamine Agonist
  • Somatostatin Analogues
  • Thyroid Hormone Replacement
  • Tablets
  • Capsules
  • Injections

Based on Application

  • Cancer
  • Menopause
  • Hypopituitarism
  • Hypothyroidism
  • Others

Based on Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies and Drugstores
  • Compounding Pharmacies
  • E-commerce
  • Others

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Hormone Replacement Therapy Market is likely to grow at a CAGR of 11.29% through 2032

[340 Pages Report]  Hormone Replacement Therapy Market: Region wise Outlook
Depending on geographic regions, Global Hormone Replacement Therapy market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is having more market for Hormone Replacement Therapy, In North America, U.S. represents the largest market because of increasing use of Hormone Replacement Therapy among patients aged 35 years and over. The availability of compounded drugs i.e. drugs in varied strengths, dosage forms, etc – is a major factor, which tends to boost the revenue growth of this extremely popular treatment market. Early onset of aging coupled with rising disposable income levels are other important factors fuelling market revenue growth.Asia region is expected to have more growth rate in upcoming years because of increasing awareness about Hormone Replacement Therapy in this region. In Asia region India, China, Japan are expected to have more growth rate for Hormone Replacement Therapy.Hormone Replacement Therapy is any form of hormone therapy where in the patient, in course of medical treatment, receives hormones, either to supplement a lack of naturally occurring hormones, or to substitute other hormones for naturally occurring hormones.Menopause, is the time in most women’s lives when menstrual periods stop permanently, and the woman is no longer able to have children. Menopause typically occurs between 45 and 55 years of age. Medical professionals defined by a decrease in hormone production by the ovaries. In those who have had surgery to remove the uterus but still have ovaries, menopause generally occurs at the time of the surgery or when hormone levels fall. Following the removal of the uterus, symptoms typically occur earlier at the average of 45 years of age.

Estrogen and progesterone are female hormones that play important roles in a woman’s body. Falling levels cause a range of physical and emotional symptoms, including hot flushes, mood swings and vaginal dryness. The aim of hormone replacement therapy is to restore female hormone levels, allowing the body to function normally again.

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Hormone Replacement Therapy Market: Drivers and Restraints

The prime drivers of hormone replacement therapy are increased demand from regenerative medicines such as anti-aging and reproductive-cycle boosting therapy such as menopausal hormone replacement. Rising demand in other therapeutic areas such as Growth Hormone Therapy and Thyroid Hormone Therapy due to comparatively safe profile, efficiency, and cost effectiveness of these drugs is expected to positively impact market growth. Moreover, new formulations such as transdermal drugs, gels and creams that offer benefits such as ease of drug administration and impact at location are expected to increase the growth of hormone replacement therapy market during the forecast period. Advantages associated with the hormone replacement therapy such as reduction in risk incidence of osteoporosis, cardiovascular disease, and reduction of vasomotor symptoms are also expected to boost the growth of hormone replacement therapy market in the coming years.

Hormone Replacement Therapy has side effects such as fluid retention, headache, indigestion, and depression. These are anticipated to hamper the popularity of the therapeutic area. Furthermore, UK-based NICE notes that hormone replacement therapy could be associated with breast cancer risk if the drugs oestrogen and progesterone are taken in combination. Prolonged consumption of HRT drugs could also lead to increased risk of blood clots. Studies have estimated that for every 1,000 women taking HRT tablets for 7.5 years, less than two will develop a blood clot. These restraints seem quite negligible when compared with the benefits of HRT.

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Hormone Replacement Therapy Market: Key Players

Some of the key market players in Global Hormone Replacement Therapy market are Bayer AG, Pfizer, Merck & co., BioSante Pharmaceuticals and Amgen, QuatRx Pharmaceuticals, Noven Pharmaceuticals.

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.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Pipeline Assessment
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific without Japan (China, India, ASEAN, Australia & New Zealand, Rest of Asia Pacific without Japan)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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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Hormone Replacement Therapy Market: Segmentation

Based on Therapy Type,

  • Estrogen Replacement Therapy
  • Growth Hormone Replacement
  • Dopamine Agonist
  • Somatostatin Analogues
  • Thyroid Hormone Replacement
  • Tablets
  • Capsules
  • Injections

Based on Application

  • Cancer
  • Menopause
  • Hypopituitarism
  • Hypothyroidism
  • Others

Based on Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies and Drugstores
  • Compounding Pharmacies
  • E-commerce
  • Others

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

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Clinical Nutrition Market is projected to reach USD 3.8 billion by 2027

The pivotal trends in the Clinical Nutrition Market include a growth in cancer research and development efforts, as well as an increase in pre-mature birth rates.

The COVID-19 pandemic is likely to have a significant impact on the clinical nutrition market, as the demand for nutritional control, particularly among youngsters and the elderly, continues to rise. The demand for clinical nutrition products is increasing as a result of the ongoing COVID-19 crisis, as customers seek various immunity-boosting options to avoid becoming infected with the new coronavirus.

Attributes Details
Clinical Nutrition Market CAGR (2022 – 2032) 8.1%
Clinical Nutrition Market (2021) US$ 11,734 Mn
Clinical Nutrition Market (2028) US$ 19,727.4 Mn

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With the outbreak of the pandemic, older individuals and patients are at danger of starvation. The illness also causes a loss of appetite, as well as other symptoms like anosmia dysgeusia or diarrhoea, which both increase the risk of disease-related malnutrition. COVID-19-induced acute starvation resulted in increased muscle mass and nutrients loss and a weakening of immunological responses.

The rise in the incidence of metabolic diseases, high healthcare spending, and the expansion of the middle class in emerging nations are driving the clinical nutrition market’s growth. Furthermore, the expanding older population and the development of therapeutic nutrition products tailored to the needs of the elderly are likely to fuel clinical nutrition market expansion. However, several constraints, such as a lack of awareness for clinical medical nutrition and tight regulations, are impeding clinical nutrition market expansion.

The oral segment, by route of administration is anticipated to have the largest clinical nutrition market share and is expected to maintain its dominance during the forecast period, owing to an increase in malnourished patients with malignancy, chronic disease, and/or anorexia, as well as an increase in the incidences of chronic diseases such as cancer, gastrointestinal disorders, and metabolic disorders, which provide lucrative clinical nutrition market growth opportunities for the oral clinical nutrition market.

On the basis of application, the cancer segment is likely to drive the clinical nutrition market throughout the forecast period, due to a growth in the number of individuals suffering from chronic ailments such as cancer and diabetes, as well as a growing elderly population base.

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The rising prevalence of chronic illnesses has prompted an increase in clinical nutrition prescriptions, since patients suffering from such ailments are deficient in a number of critical nutrients. Furthermore, the growing obesity population as a result of poor food habits and physical inactivity will drive clinical nutrition market growth.

North America accounted for the greatest clinical nutrition market share and is expected to retain its dominance because to high R&D spending, the presence of key businesses and their product availability, and the region’s well-established healthcare infrastructure.

Asia-Pacific is predicted to have the greatest CAGR in the clinical nutrition market throughout the projection period, as Asian governments spend in the development of healthcare infrastructure.

Scope of the Report

 

Attributes Clinical Nutrition Market Oral Clinical Nutrition Market Parenteral Nutrition Market
CAGR (2022 – 2032) 8.1% 3.5% 6%
Market Value (2028) US$ 19,727.4 Mn US$ 8,866.37 Mn US$ 10.7 Bn
Growth Factor Expanding product lines, a constant infant birth rate, an ageing population, and a variety of other factors are driving the sales of clinical nutrition. The rising number of young people and their increased need for healthy foods, as well as the expanding demand for a variety of oral clinical nutrition supplements among the general public, are likely to fuel the market’s expansion. The rising prevalence of chronic diseases, including cancer and malnutrition, as well as the fast-growing senior population and natality rate, are important market growth factors.
Opportunity Growing demand for clinical nutrition in the pediatric industry is likely to provide attractive growth possibilities for market participants. The increasing number of preterm births in emerging economies is to blame for this. An increase in the number of people adopting a healthy lifestyle and flavor innovation to enhance the taste of nutritional goods. In the years ahead, changing reimbursement conditions, as well as other developing trends aimed at facilitating product uptake, are expected to drive market expansion.
Key Trends Growing demand for clinical nutrition market in the pediatric industry is likely to provide attractive growth possibilities for market participants. Other reasons projected to fuel demand for oral clinical nutrition supplements include increased growth and attendance of global firms involved in the food processing sector, rising occurrences of chronic infections, and rising healthcare expenses. The parenteral lipid emulsion sector is expected to increase the most. Furthermore, throughout the projection period, the parenteral lipid emulsions sector is expected to increase at the quickest rate.

Key Takeaways:

  • The enteral segment is estimated to be the fastest growing segment of clinical nutrition market at a CAGR of 7.30% during the forecast period.
  • The cancer segment is expected to register highest CAGR of 10.50% in clinical nutrition market during the forecast period.
  • Due to the increased awareness of the importance of clinical nutrition in cancer therapy, the cancer category surpassed USD 7.1 billion.
  • The United States dominated the North American clinical nutrition market in 2020, with a market value of about USD 11.2 billion.
  • Germany now holds a dominant clinical nutrition market share of the European clinical nutrition market, which is expected to reach USD 3.8 billion by 2027.
  • Due to the rising number of preterm deliveries, the infant feeding sector commanded more than 54.7 % of the clinical nutrition market share.
  • Due to the high frequency of malnutrition and associated diseases, the paediatric segment of the clinical nutrition market accounted for 58.7% of revenue share in 2020.
  • By 2027, the clinical nutrition market’s internet channel sector is expected to reach USD 13 billion.

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Competitive Landscape:

  • Nestle Health Science (part of Nestle SA) signed a formal agreement to buy IM HealthScience in August 2020. IM HealthScience provides medical nutrition solutions that address particular dietary requirements for a variety of disorders. The firm was able to enhance and expand its dietary management product offering as a result of this strategic purchase.
  • Danone announced a EUR 100 million investment in the growth of its specialist nutrition products in China in July 2020. This investment helped the firm expand its nutritional product offerings to meet the demands of Chinese consumers and reclaim its clinical nutrition market share in the nation.

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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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Telemedicine Equipment Market is anticipated to rise at 17.3 percent CAGR through the forecast period 2022-2032

The COVID-19 problem is predicted to have a big beneficial influence on the Telemedicine Equipment Market‘s growth. During the COVID-19 pandemic, telemedicine equipment has developed as a critical component of healthcare.

As a result, the majority of outpatient oncology visits have been converted to telemedicine.

Though telemedicine services were integrated into most healthcare systems prior to the onset of the pandemic, they were only widely used during the COVID-19 crisis, which is primarily attributed to a lack of in-person visits as well as travel limitations and restrictions that encouraged clinicians to adapt to telemedicine-based consultations.

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Rising healthcare expenditures, technological breakthroughs, more remote patient monitoring, and the growing burden of chronic diseases are important drivers driving the growth of the telemedicine equipment market.

Globally, healthcare expenses are growing. The fundamental cause of growing healthcare expenses is increased consumption of healthcare services, which leads to increased consumer demand for inventive, telehealth monitoring devices and novel procedures, lifestyle variables, and so on.

It is due to cost-shifting from government programmes to private payers. Low reimbursement rates of telehealth machine and telemedicine machine have exacerbated the cost-shifting burden on hospitals and doctors, who charge higher fees to private payers for the same facilities, affecting health insurance premiums.

Telemedicine has decreased healthcare costs while boosting efficiency through improved chronic illness management, reduced travel times, pooled health professional staffing, and fewer and shorter hospital stays. Just because of these reasons, the telemedicine equipment market is likely to develop rapidly throughout the forecast period.

The increase of chronic illnesses is a worldwide problem that strains healthcare resources.

Tele-homecare is a novel approach to providing care, monitoring a patient, and disseminating information that makes use of cutting-edge telecommunications technology.

Monitoring provides for the early detection of illnesses and the prevention of chronic problems.

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Telemedicine is a fast-developing component of healthcare in the United States, owing to the country’s high adoption of innovative healthcare technology and the growing burden of chronic illnesses. Telemedicine adoption has improved care management, patients’ quality of life, and healthcare costs.

Rising demand for mobile technologies increased patient adoption of home care, and a reduction in hospital visits are likely to drive telemedicine equipment market growth throughout the forecast period.

The rise of telemedicine apps that assist Americans in becoming engaged in personal health management, particularly during the present COVID-19 pandemic, is a good trend in healthcare in the United States.

  • Estshara, a Cairo-based firm that provides an online platform for health consultations and tele pharmacy services, received USD 500,000 in early investment from Egypt Venture in July 2021. The firm presently has over 2 million users and a track record of over 200,000 consultations.
  • MediTelecare will launch “MediTely” on the market in May 2021. It is a direct-to-consumer mobile health technology aimed at the elderly population who live outside of long-term care institutions.
  • Teladoc Health joined forces with Vivo in May 2021 to expand access to excellent healthcare in Brazil, notably through the use of telemedicine.
  • Kry, a Swedish digital health start-up that provides telehealth services and software solutions to link physicians with patients for remote consultations, funded EUR 312 million in April 2021. Its telehealth platform and software solutions are used by around 6,000 practitioners.
  • AMD Global announced its merger with PointClickCare Technologies, the global leader in cloud-based software solutions for the long-term and post-acute care (LTPAC) sector, in March 2021.
  • BioTelemetry Inc. and Royal Philips agreed to a final merger agreement in December 2020.
  • Morneau Shepell will introduce its first unified telemedicine solution in the United States in November 2020.

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Hernia Repair Devices Market projected to Grow at A CAGR of 6.5% and Reach USD 7.4 Billion by 2032

As per a recent report published by FMI, the hernia repair devices market is expected to record an average CAGR of 6.5% during the forecast period.

Attributes

Details

Hernia Repair Devices Market CAGR (2022-2032)

6.5%

Hernia Repair Devices Market (2029)

US$ 6.52 billion

Hernia Repair Devices Market Attraction

High rate of adoption of tension-free hernia repair surgical operations, as well as a rising demands for advanced mesh

Hernias can be treated with two methods: watchful waiting and surgical operations. There are two types of surgical procedures: open tension-free repair surgery and laparoscopic hernia repair.

Over the projected period, the global hernia repair devices market is predicted to rise due to the rising prevalence of hernias.

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Aspects like the increasing geriatric population, the obesity pandemic, and rapidly shifting lifestyle choices together contribute to the growth in hernia prevalence.

Besides the growing preference for less invasive hernia repair techniques, tension-free hernia repair procedures have become more popular than traditional incisional repair procedures.

The rising acceptance of tension-free hernia repair treatments is due to the fact that they enable a faster recovery with less post-operative discomfort than traditional methods.

Moreover, the high cost of research and development for the hernia repair devices market is projected to impede the market growth. For introducing hernia repair devices, the company has to follow a number of regulatory and clinical requirements.

Owing to the lengthy development and approval process, medical device makers are forced to maintain the high initial cost of hernia repair equipment. Due to the high cost of items, there is a lack of suitable access to various technical advancements, which slows acceptance.

The in-hospital transition evaluation from surgeons and nurses to administrators and accountants has hampered the adoption of increasingly effective but more expensive medical gadgets and technology.

As a result, before deploying any new surgical equipment, implants, or procedures as a cost-cutting tactic, most hospitals conduct a cost-benefit study. As a result, the increased cost of technologically sophisticated surgical items in such areas makes them difficult to implement.

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Key Takeaways

  • Over the projected period, rising awareness regarding hernias is expected to propel the sales of hernia repair devices. For example, in April 2019, SSM Health Cardinal Glennon Children’s Hospital encouraged awareness among pregnant women by organizing a ‘CDH Care’ Program, which provided information on congenital diaphragmatic hernia (CDH) that would aid them during prenatal diagnosis. April is congenital diaphragmatic hernia (CDH) awareness month at SSM Health Cardinal Glennon Children’s Hospital.
  • Increasing demand for the hernia repair devices market is predicted to profit market players from a focus on regions where composite mesh use is increasing.
  • The key players in the hernia repair devices market are focusing on releasing new items to diversify their product range. For example, ACell, Inc. and Southmedic announced the Gentrix Surgical Matrix series of devices in September 2019, which contains ACell’s MatriStem UBM (Urinary Bladder Matrix) technology. Hernia and abdominal wall repair are treated with the Gentrix Surgical Matrix range of devices.
  • The substantial demand for and acceptance of hernia repair in the United States accounts for North America’s large share of this market. In the United States, the adoption of the hernia repair devices market, particularly biologic mesh devices, is the highest.
  • Hernia repair mesh systems manufacturers will profit from the introduction of innovative and technologically sophisticated hernia repair devices.
  • The market for hernia repair devices is growing as composite mesh methods, which are more expensive, become more popular. The United States, Canada, Germany, France, and other major countries are seeing greater usage of composite meshes.

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Competitive Landscape

In this report, the major players in the hernia repair devices market are Covidien Plc (Medtronic Plc) (Ireland), Ethicon (Johnson & Johnson Services, Inc.) (U.S.), B. Braun Melsungen AG (Germany), C.R. Bard (Becton, Dickinson and Company) (U.S.), W. L. Gore & Associates (U.S.), LifeCell Corporation (Allergan) (Ireland), Maque (U.S.). DIPROMED (Italy), FEG Textiltechnik mbH (Germany), Cousin Biotech (France), Herniamesh (Italy), Aspide Medical (France), TransEasy Medical (China), and Via Surgical are some of the other companies in the market (Israel).

Continuous product revisions, followed by technology breakthroughs, and rising demand for less invasive methods, are factors that contribute to the expansion of total hernia repair operations.

However, the high cost of goods and procedures, as well as the uncertainty surrounding reimbursement rules, may restrict the market’s growth prospects.

  • GORE® SYNECOR Intraperitoneal Biomaterial was released in February 2021 by W. L. Gore & Associates in Europe, the Middle East, and South Africa to fulfil unmet requirements in difficult hernia repair.
  • Surgical Innovation Associates’ flagship absorbable mesh, DuraSorb®, gained CE Mark in September 2020 for reconstructive and cosmetic applications, including abdominal hernia prevention, breast tissue support, and prosthetic breast support.
  • W. L. Gore & Associates’ GORE® SYNECOR, a tri-layer hybrid material developed for ease of use during laparoscopic repair devices, robotic, and open surgical operations, obtained a C.E. mark in June 2020.

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Key Segments

By Product:

  • Hernia Mesh
    • Biologic
    • Synthetic
  • Fixation Devices
    • Tack
    • Sutures
    • Glue Applicators

By Procedure:

  • Open Surgery
  • Laparoscopic Surgery
  • Robotic Surgery

By Hernia Type:

  • Inguinal Hernia
  • Ventral Hernia
    • Umbilical Hernia
    • Incisional Hernia
    • Epigastric Hernia
  • Femoral Hernia

By End Use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

Key Questions Answered in the Report

  • How Large is the Hernia Repair Devices Market?
  • What are the Different Types of Hernia Repair Devices?
  • Why is the Demand for Hernia Repair Devices Growing in Hospitals?
  • What is the Size of the Hernia Repair Devices Market in the U.S.?

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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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