Market Research Blog – Page 3660 – New Product Development

Amcor, ITC Packaging, and Sonoco: Leading the Way in Ice Cream Packaging Solutions

The worldwide Ice Cream Packaging Market is on a trajectory of impressive growth, with an anticipated valuation of US$ 853.74 million expected by 2023. This upward trend is set to continue, with a steady compound annual growth rate (CAGR) of 4.0% projected from 2023 to 2033. By the end of the decade, in 2033, the Ice Cream Packaging Market is forecasted to achieve a substantial market worth of US$ 1263.74 million.

Rising ice cream consumption across diverse regions, coupled with the continuous introduction of a myriad of ice cream flavors and varieties, is set to drive the demand for creative and innovative ice cream packaging solutions. The Ice Cream Packaging Market is on the cusp of significant growth, with projections indicating an expansion of 1.5 times the current market value between 2023 and 2033. This growth is fueled by the ever-evolving and dynamic ice cream market, which is constantly evolving to meet the preferences of consumers for new and exciting options.

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Amcor Plc, ITC Packaging, and Sonoco Products Company have taken significant strides in offering eco-friendly packaging solutions, not only to enhance product quality but also to promote sustainability and environmental stewardship.

Amcor Plc stands out as a leader in the field of ice cream packaging, leveraging its expertise in packaging design, research, production, and human resources to support corporate growth. In June 2022, the company celebrated remarkable achievements, boasting organic sales growth of 6% and adjusted earnings before interest and taxes (EBIT) growth of 9%. These impressive results were fueled by strong execution throughout the year, culminating in an 11% increase in adjusted earnings per share (EPS) – surpassing even the high end of the projection range. Amcor’s commitment to excellence and innovation is evident in its continuous pursuit of sustainable packaging solutions.

Meanwhile, ITC Packaging has emerged as a leading provider of ice cream packaging, prioritizing sustainability and innovation in its operations. The company’s dedication to ecological responsibility is reflected in its lightweight packaging designs, logistical efficiency, and recyclability. In February 2022, ITC Packaging reinforced its sustainability efforts by implementing new action plans and achieving certifications such as ISO 14001 and ISCC Plus. These certifications enable the company to offer a wide range of sustainable solutions, including investments in energy-efficient equipment and the adoption of renewable energy sources such as photovoltaic systems.

Sonoco Products Company is committed to redefining packaging beyond mere functionality, aiming to create integrated packaging solutions that enhance global product quality and consumer experiences. In May 2022, the company made significant strides in sustainability by pre-qualifying with EnviroFlex and How2Recycle. This strategic move underscores Sonoco’s commitment to advancing sustainable, flexible packaging options and reducing environmental impact. Recognizing the importance of eco-friendly packaging in preserving the planet for future generations, Sonoco continues to innovate and develop packaging solutions that prioritize sustainability and consumer well-being.

In summary, Amcor Plc, ITC Packaging, and Sonoco Products Company exemplify a shared commitment to eco-friendly packaging solutions, driving positive change in the packaging industry while simultaneously enhancing product quality and the overall quality of life.

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Market Players:

Berry Global Group
Amcor Plc
ITC Packaging
INDEVCO GROUP
Huhtamaki Oyj
Sonoco Products Company
International Paper Company
Stora Enso Oyj
Frapak Packaging b.v.
Tetra Laval
Stanpac Inc.
Insta Polypack
Sirane Limited.
Safepack Solutions
Uniflex

Ice Cream Packaging Market Outlook By Category:

By Packaging Type:

Cup
Tub
Stick Pack
Folding Carton
Others (Jar, Cone Wrappers, etc.)

By Material:

Plastic
Paper & Paperboard
Glass
Others (Metal, etc.)

By Sales Channel:

Online
Offline

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Clinical Diagnostics Market is poised to achieve an impressive US$ 126.6 Billion valuation by 2032

The global clinical diagnostics market is poised for unprecedented growth, with a comprehensive market analysis report projecting a remarkable ascent to a valuation of US$ 126.6 Billion by 2032. The report reveals a robust CAGR of 5.5% from 2022 to 2032, driven by the escalating demand for blood tests and other diagnostic procedures.

The anticipated surge in the market for clinical diagnostics products highlights the growing reliance on accurate and efficient diagnostic tools across diverse medical domains. This growth is fueled by factors such as technological advancements, expanding healthcare infrastructure, and an increasing emphasis on preventive healthcare measures.

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According to the report, the projected sales for clinical diagnostics products are estimated to reach a substantial US$ 74 Billion by the end of 2022, underscoring the accelerating pace of market expansion. This impressive figure reflects the industry’s response to the rising demand for diagnostic solutions that aid in early detection and comprehensive medical assessments.

The demand for clinical diagnostics is not only indicative of the industry’s growth but also emphasizes the crucial role these tools play in advancing healthcare outcomes. As healthcare professionals and institutions increasingly prioritize accurate and timely diagnostics, the market is expected to witness sustained growth over the next decade.

“We are witnessing a transformative period in the clinical diagnostics industry, with an unprecedented demand for advanced diagnostic tools. The projected valuation of US$ 126.6 Billion by 2032 signifies the industry’s commitment to meeting the evolving needs of healthcare providers and patients worldwide,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

The surge in demand for clinical diagnostics is expected to have a positive impact on technological innovation within the industry. Companies are likely to invest in research and development to introduce cutting-edge solutions that enhance diagnostic accuracy and efficiency, further propelling the market forward.

As the industry evolves, collaboration between key stakeholders, including healthcare professionals, researchers, and manufacturers, will be crucial to ensuring the continued advancement of clinical diagnostics. This collaboration will foster the development of innovative solutions that address emerging healthcare challenges and contribute to the overall improvement of patient care.

The global clinical diagnostics industry is on a trajectory of substantial growth, reflecting a collective commitment to advancing healthcare through accurate and efficient diagnostic tools. With the projected valuation of US$ 126.6 Billion by 2032, the industry is set to play a pivotal role in shaping the future of healthcare.

Key Takeaways from Clinical Diagnostics Market:

North America holds the largest market share with the US being subject to tremendous increase in clinical diagnostics products’ sales coupled with rising incidences of chronic and infectious diseases.
The Asia-Pacific is expected to grow at the fastest pace in the clinical diagnostics market. This could be credited to increase in healthcare infrastructure all across India and China.
Europe is expected to grow on the similar grounds in the clinical diagnostics market in the forecast period.

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Competitively Clinical Diagnostics

Hoffmann-La Roche Ltd., in March 2021, inked a definitive merger agreement with GenMark Diagnostics Inc. with the objective of helping it to test for a wide spectrum of pathogens through sampling.
Ortho Clinical Diagnostics, in September 2021, did announce availability of ISXM (Immediate Spin Crossmatch) under the category of ‘Ortho Vision Max Analyzers’ for helping in detection of incompatibility between donors and recipients in the blood transfusions.
TGA (Therapeutic Goods Administration), in January 2022, did grant provisional approval for Nuvaxovid (Covid-19 vaccine by Novavax) for usage in Australia.
Mindray, in March 2022, came up with BC-700 Series (a hematology analyzer series helping in erythrosyte sedimentation and blood count rate tests).
Qiagen Inc., in May 2022, came up with NeuMoDxHSSV ½ Quant Assay to quantify and differentiate herpes simplex virus type 1 (HSV – 1) DNA and herpes simplex virus type 2 (HSV-2) with the European Commission having approved it.

What does the Report say?

The research study is based on test (lipid panel clinical diagnostics, liver panel clinical diagnostics, renal panel clinical diagnostics, complete blood count clinical diagnostics, clinical diagnostics for electrolyte testing, clinical diagnostics for infectious disease testing, and other clinical diagnostics tests), by product (clinical diagnostics instruments, clinical diagnostics reagents, and other clinical diagnostics products), and by end-user (clinical diagnostics for hospital laboratories, clinical diagnostics for diagnostics laboratories, clinical diagnostics for point-of-care testing, and clinical diagnostics for other end-users).
Increase in occurrences of blood tests is expected to catalyze the clinical diagnostics market in the forecast period.

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Key Companies Profiled:

Abbott Laboratories
Becton, Dickinson and Company
BioMerieux
Bio-Rad Laboratories Inc.
Danaher Corporation
Siemens AG
Hologic Inc.
Qiagen NV
Hoffmann-La Roche AG
Thermo Fischer Scientific
Quest Diagnostics Inc.
Sysmex Corporation
Charles River Laboratories

Key Segments of Clinical Diagnostics Industry Survey:

Clinical Diagnostics Market by Test:

Lipid Panel Clinical Diagnostics
Liver Panel Clinical Diagnostics
Renal Panel Clinical Diagnostics
Complete Blood Count Clinical Diagnostics
Clinical Diagnostics for Electrolyte Testing
Clinical Diagnostics for Infectious Disease Testing
Other Clinical Diagnostics Tests

Clinical Diagnostics Market by Product:

Clinical Diagnostics Instruments
Clinical Diagnostics Reagents
Other Clinical Diagnostics Products

Clinical Diagnostics Market by End-User:

Clinical Diagnostics for Hospital Laboratories
Clinical Diagnostics for Diagnostic Laboratories
Clinical Diagnostics for Point-of-Care Testing
Clinical Diagnostics for Other End-Users

Clinical Diagnostics Market by Region:

North America Clinical Diagnostics Market
Latin America Clinical Diagnostics Market
Europe Clinical Diagnostics Market
Asia Pacific Clinical Diagnostics Market
Middle East & Africa (MEA) Clinical Diagnostics Market

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Global Dermatology Cryosurgery Units Market is anticipated to hit US$ 308.6 Million by 2033, propelled by advancements in Cryosurgery Technology

In an era of rapid healthcare advancements, the global dermatology cryosurgery units market stands at the precipice of remarkable expansion. Recent market analysis has unveiled a promising outlook, forecasting an impressive Compound Annual Growth Rate (CAGR) of 7.0% from 2023 to 2033. The anticipated surge points toward a substantial leap from a value of US$ 156.5 million in 2023 to a staggering US$ 308.6 million by 2033, underscoring the sector’s robust potential for innovation and transformative patient care.

Cryosurgery, a pioneering technique in dermatology, involves the use of extreme cold to treat various skin conditions, offering patients minimally invasive and highly effective solutions. The projected growth reflects not only technological advancements but also the increasing demand for precise and less invasive procedures in dermatological care.

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Increasing air pollution and its effects on the skin and face and the changing environment causing hair loss are pushing vendors to look for effective preventive and treatment methods. Hence, the integration of cryosurgery in dermatology is increasing market traction.
Rising per capita income and influential social media posts are pushing end users to go through these surgery units for better skin and enhanced face. Alongside this, the changing dynamics of healthcare facilities and extending units like dermatology are transforming the market,
Leading pointers for the higher adoption of the techniques can be a quick recovery period, minimally invasive, limited scarring, and affordable procedures.
The procedure is followed by a surgery device that employs extreme cold or freezing temperatures. The process is done to treat diseased and abnormal skin tissues. The technique has been successful and is expected to be adopted in leading healthcare institutions.
The integrated sensors and skin-type detectors are also active in the units. Also, more people becoming aware of these issues enrich the end-user choices, increasing the competition among the market players.
Online consultation, easy medical held, and available technology in emerging economies are also increasing the adoption of dermatology cryosurgery units.

Key Points:

The United States market leads the North American dermatology cryosurgery units industry in terms of market share in North America. The United States held a healthy market share of 38.4% in 2022. The factors attributed to the growth are higher awareness, increased research and development, and the rising availability of these surgeries. The North American region held a market share of 40.6% in 2022.
The German dermatology cryosurgery units industry held an average market share of 4.9% in 2022. The market growth is caused by higher traction of cosmetic and skin-related surgeries in the region. The European region held a market share of 26.6% in 2022.
The Indian market thrives at a steady CAGR of 8.6% between 2023 and 2033. The growth is attributed to the increased per capita income, the advent of international dermatology brands, etc.
Based on product type, the handheld type segment held the leading market share of 57.7% in 2022.
Based on end-user type, the dermatology clinics lead, holding a market share of 32.1% in 2022.

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Competitive Landscape:

The key suppliers focus on delivering affordable, effective, and minimally invasive units. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players:

Special Medical Technology Co.Ltd.
BOVIE MEDICAL
CORTEX TECHNOLOGY ApS
H&O Equipment
CryoIQ AB
CryoConcepts LP
CryoPen, Inc.
Brymill Cryogenic Systems
Üzümcü Tbbi Cihaz ve Medikal Gaz Sist. San. Ve Tic. A.
OraSure Technologies

Recent Market Developments:

H&O Equipment has introduced the Dermatology Cryosurgery Unit, which is effective in sun spots, age spots, skin tags, and small warts. It is used as a tool for removing small or superficial benign.
CORTEX TECHNOLOGY ApS has launched the CryoPro, a liquid nitrogen sprayer that is a minimally invasive treatment option.

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Key Segments Covered:

By Product Type:

Handheld
Stand Alone

By End Use:

Dermatology Unites
Aesthetic Clinics
Drugstore and Cosmetics Stores
E-commerce
Others

Regions Covered:

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan
The Middle East and Africa

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Microwave Device Market Projected US$ 13.4 Billion Market by 2032, 5.5% CAGR

The microwave device market is anticipated to grow to US$ 7.8 billion in 2022 and to US$ 13.4 billion by 2032, with a CAGR of 5.5% from 2022 to 2032.

The microwave device market is the market increasing due to the usage of navigation radars used by UAVs as these Microwaves are suitable for wireless transmission of signals having larger bandwidth. These Microwave devices are generally used for satellite communications, radar signals, phones, and navigational applications. Other uses of these Microwave Devices are medical treatments, drying materials, and in households for the preparation of food.

Microwave Device technology consists of electromagnetic rays having frequencies 300 MHz to 300 GHz in the electromagnetic spectrum travelling in straight lines. These Microwave Devices are generally of two types semiconductor microwave Devices and tube microwave Devices.

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Microwave Device Market: Drivers and Challenges:
The major factor driving the adoption of Microwave Devices is the increasing usage of Microwave devices in various segments such as cooking, medical and security purposes. This usage of microwave devices helps in providing wide bandwidth without the need for cable. Another factor driving this Microwave Device market is that Microwaves can carry a high quantity of information due to which Microwave devices are used for faster operations.

The key challenge for the Microwave Device market is the high cost of these devices and Line-of-sight will be disrupted if any obstacle, such as new buildings, are in the way due to which signal can be missed. It takes high transit time for carriers through these Microwave Devices which is another challenge faced by users.

Key Contracts:
In September 2016, Midea, a home appliances provider entered into a partnership with NXP, a semiconductors company and Microwave Device provider for a new smart kitchen appliance which will use power from RF cooking technology. This technology will be implemented in microwave heating devices.

Leading Key Players:
In the Microwave Device market there are many providers some of them are L-3 Communications, API Technologies, Thales Group, Electron Energy Corporation and others.

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Microwave Device Market Segmentation:

By Product:

Passive Devices
Active Devices

By End User:

Healthcare
Military & Defence
Space & Communication

By Frequency:

Ku-band
C-band
Ka-band
L-band
S-band
X-band

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Global Dementia Care Products Market is anticipated to achieve an unparalleled worth of US$ 56.7 million by 2033

The landscape of dementia care is undergoing a significant transformation, propelled by a remarkable surge in the global dementia care products market. Projections indicate an extraordinary valuation of US$ 56.7 million by 2033, a substantial increase from US$ 29.1 million in 2023. This growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 6.9%, signifying a pivotal evolution in disease management and underlining an intensified commitment to elevating patient care.

The rising prevalence of dementia worldwide has underscored the urgent need for innovative solutions to enhance the quality of life for patients and their caregivers. This surge in the market for dementia care products signifies a collective effort towards meeting this critical need.

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Parentgiving, Inc. is dedicated to enhancing the quality of life for those living with Alzheimer’s and dementia. Our carefully curated selection of dementia care products is designed to empower both caregivers and individuals living with memory loss, providing innovative solutions to everyday challenges. From safety and security to comfort and cognitive stimulation, our range of products is thoughtfully crafted to support every aspect of dementia care.

Safety and Security:
- Wander Management Systems: Our advanced wander management systems offer peace of mind by alerting caregivers when a loved one wanders beyond a specified range.
- Door Alarms and Locks: Secure your home with our range of door alarms and locks, designed to prevent wandering and ensure safety.
- Bed and Chair Alarms: Receive instant alerts when a loved one attempts to leave their bed or chair, helping prevent falls and accidents.
Daily Living Aids:
- Memory Loss Clocks: Keep track of time with ease using our specially designed clocks featuring large, easy-to-read displays and reminders for important events.
- Adaptive Clothing: Simplify dressing routines with our adaptive clothing range, featuring easy closures and comfortable fabrics.
- Mealtime Assistance: Make mealtime more manageable with our selection of adaptive utensils, spill-proof cups, and dining aids.
Cognitive Stimulation:
- Memory Games and Puzzles: Stimulate cognitive function and memory with our collection of memory games, puzzles, and brain teasers.
- Reminiscence Therapy Tools: Spark meaningful conversations and memories with our range of reminiscence therapy tools, including picture books and conversation cards.
- Sensory Stimulation: Engage the senses with our sensory stimulation products, designed to provide relaxation and comfort through tactile, visual, and auditory stimulation.
Comfort and Support:
- Comfortable Seating: Ensure comfort and support with our range of ergonomic chairs and cushions, ideal for individuals with mobility issues or discomfort.
- Calming Aromatherapy: Create a soothing environment with our aromatherapy products, featuring calming scents to promote relaxation and reduce agitation.
- Personal Care Products: Maintain personal hygiene with dignity using our selection of gentle skincare products and toileting aids.
Communication Aids:
- Communication Boards: Facilitate communication and expression with our range of communication boards and visual aids, ideal for individuals with speech difficulties.
- Personal Emergency Response Systems (PERS): Stay connected and safe with our PERS devices, allowing individuals to call for help at the press of a button.

Conclusion: At Parentgiving, Inc., we understand the unique challenges faced by caregivers and individuals living with Alzheimer’s and dementia. Our comprehensive range of dementia care products is designed to provide practical solutions, promote independence, and enhance quality of life. With our commitment to innovation and quality, we strive to empower caregivers and families on their journey through dementia care.

Top Highlights from the FMI’s Analysis of the Dementia care products industry:

North America’s dementia care products industry gained a notable size of 36.7% in 2022. The market growth can be credited to the surging work pressure and stress, which is contributing toward widespread dementia. Besides, neurological diseases like epilepsy, Parkinson’s disease, and stroke are pushing the market growth.
Europe’s dementia care products industry acquired a market share of 31.3% in 2022. The surging prevalence of Alzheimer’s disease in the region is fueling market growth. The increasing cases of delirium, depression, thyroid problems, overuse of alcohol, and side effects from certain medications are enhancing regional growth.
China is expanding at a quick pace of 9.2% CAGR from 2023 to 2033, whereas India is expected to register a CAGR of 8.8% over the same period.
The United Kingdom’s dementia care products industry is projected to display a CAGR of 7.3% from 2023 to 2033.
Based on product, the memory exercise and activity products segment attained a market share of 28.7% in 2022.
Under the category of end user, the long-term care centers segment attained a prominent share of 58.7% in 2022.

Key Companies Profiled:

Parentgiving, Inc.
EasierLiving, LLC
Find Memory Care
Healthcare Products LLC
Best Alzheimer’s Products
NRS Healthcare
Buddi Ltd.

Key Segments Covered in the Dementia Care Products Industry Survey:

By Product Type:

Memory Exercise & Activity Products
Daily Reminder Products
Bathroom Safety Products
Dining Aids
Communication Products
Personal Safety Products
Other Product Types

By End User:

Home Care Settings
Long-term Care Centers

By Region:

North America
Europe
Asia-Pacific
Middle East & Africa
Latin America

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Safari Tourism Market Surges at 6.7% CAGR, Anticipated to Exceed US$ 34,422.7 Million by 2033 | FMI

The most recent research from Future Market Insights indicates that throughout the projected period of 2023 to 2033, safari tourism in Africa is anticipated to generate significant development prospects. By the end of 2023, the global market is projected to generate US$ 18,014.3 million in revenue.

In the long term, tourism is estimated to reach around US$ 34,422.7 million in 2033. The idea of safari can be traced back to former U.S. president Teddy Roosevelt. He gave the idea of safari which was soon popularized in all over America.

A safari is known as an overland journey that is frequently taken by tourists to Africa. Earlier, an excursion of this nature frequently involved a large hunt. Originally, the word “safari” was simply a shortened form of the Swahili word “safari,” which means “journey.” In a more regal or regale time, the main purpose of a safari was to hunt, shoot, and then drag the kill overland by a group of local tribes’ people. In a nutshell, safari is known as a vacation taken by adventurers in order to view and capture wildlife or engage in hiking in addition to sightseeing.

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The major draw for tourists is witnessing wildlife in its natural habitat, including elephants, lions, leopards, buffaloes, hippos, and rhinos. The flu period had a significant detrimental effect on industry expansion. In 2021, a significant fraction of safari travel providers had lost the majority of their reservations. Safari tourism in Africa is expected to revive over the coming years with accelerated tourism in Africa.

One of the most popular and desired kinds of vacation in Africa is a safari. Most people agree that doing a safari is the only “thing to do” in Africa. A safari in Africa typically connotes a wildlife safari. People are drawn to witness the wild animals in their native habitats, including lions, elephants, rhinoceroses, giraffes, zebras, leopards, and many others. Travelers today desire a thorough understanding of the local cultures of the destinations they visit. This issue is being taken into account by a number of new industry participants who are giving safari tourists a customized experience and so fueling market expansion.

Key Takeaways

Rising per capita income is primarily driving up demand for safari tourism in Africa and around the world. Furthermore, the demand for safari tourism in Africa is being driven by rising tourism spending, an increase in the number of urban working-class people, and an increase in global GDP.
A massive opportunity exists for safari tours in Africa, where it is still in its infancy. Innovative ideas like ethno-tourism are developing as potential growth areas for safari tourism in the continent’s tourism industry.
Luxury safari experiences are rapidly becoming more popular among tourists. Without sacrificing their standard of living, tourists can see the majesty of African animals and tribal life in their natural settings.

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Luxury Safari is a combination of a tribal and contemporary vacation destination where guests may enjoy all the comforts of home. Another obvious tendency is the evolution of the safari into a vacation focused mostly on sightseeing and wildlife photography.

Several parts of Africa are prospering attributing to the rise in safari-driven tourism, and some of that money is going back into improving the safari experience for visitors. Furthermore, business tourism is exponentially expanding across the continent.
This has resulted in the region’s strong economic growth, particularly in East Africa, while domestic and intra-African travel is expanding as a result of the big 5 increasing incomes and urbanization.
In Africa, safari travelers frequently hope to see the big five (elephant, rhino, cheetah, lion, and zebra). Safaris in Africa are becoming more and more well-liked as a result of chimpanzee and gorilla trekking.

Competitive Landscape

The top safari tourism amenities are what well-known firms in the sector strive to provide their prestigious patrons. As a result, these businesses are essential to the growth of commerce everywhere in the world.

Key market participants are forming mergers, acquisitions, and strategic alliances to broaden their regional reach. To deliver cutting-edge features and draw clients, major operators are constantly implementing unique technologies like virtual reality, artificial intelligence, and IoT.

More Insights into the Safari Tourism in Africa Market

The number of visitors visiting Africa is rising, and more people are traveling there from the Middle East, Brazil, Russia, India, and China. All of these nations are thought to be at a comparable stage of newly advanced economic development.

Safari Tourism in Africa Market by Category

By Direct Suppliers:

Airlines
Hotel Companies
Car Rental
Train
Tour Operators
Government Bodies

By Indirect Suppliers:

OTA (Online Travel Agency)
Traditional Travel Agencies
TMC’s (Travel Management Companies)
Corporate Buyers
Aggregators

By Age:

Under 18
18-25
26-35
36-45
46-55
Over 55

By Demographic:

Male
Female
Kids

By Nationality:

Domestic
International

By Group Type:

Corporate
Family
Couples
Youth Groups
Single Tourists

By Type:

Adventure Safari
Private Safari
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

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India Sustainable Tourism Market Predicts a Thrilling 19.3% CAGR and a Whopping US$ 151.88 Million Revenue by 2032 | FMI

The India sustainable tourism market size is estimated to be worth US$ 26.01 million in 2022 and US$ 151.88 million by 2032, with a high CAGR of 19.3% between 2022 and 2032.

Furthermore, India has a wide variety of natural habitats, including hundreds of kilometres of coastline dotted with magnificent beaches and mangroves. As a result, sustainable tourism is gaining popularity in India.

The demand for sustainable tourism in India is increasing as the country promotes resource conservation, regional culture and tradition, and economic progress. These factors are essentially increasing India sustainable tourism market share.

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Extraordinary nature, the environment, cultural tradition, heritage, and a variety of other factors are expected to drive the India sustainable tourism market size over the forecast period. India is surrounded by southern tropical forests and the northern Himalayan peaks.

The tourism industry’s approach to inclusive, long-term development is particularly important for livelihoods. India is a famous tourist destination on a global scale due to its enormous diversity. As a result, ensuring the tourism sector’s long-term viability is crucial. Most countries consider sustainable tourism as a vital trend for the tourism industry’s future.

Furthermore, India is a huge country with beautiful and peaceful landscapes, as well as cultural and historical assets, which is one of the elements fuelling India’s sustainable tourism market growth. It is essentially a country offering tourist spots for all types of visitors. The tourist industry is the most active and contributes to global economic growth and recovery by assisting many other businesses such as lodging, catering, transportation, retail, and entertainment.

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Key takeaways

Middle-aged people that are 26-35 age group segment will continue to hold the highest share in traveling in the forecast.
The domestic tourist segment will remain high in the tourist type category over the forecast period.
Indian government is highly involved in sustainable tourism and the government is launching a new strategy and plan to make the country sustainable.
In terms of tour type, the package travellers are estimated to account for the relatively highest value share in the Indian sustainable tourism market
The online booking segment is estimated to hold a major share in the sustainable tourism market for travellers in India. Travelers prefer online booking because is feasible and even get more offers and discounts in online booking

Competition Landscape of India Sustainable Tourism Market

Leading companies providing India sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in India, and new offers that have driven sales growth of sustainable tourism in India.

Major leading companies :

Spiti Ecosphere
Tons Trails
Travelife
Asian adventures
Sky view by Empyrean
Green People
Evolve Back
Himalayan Ark
Kipepeo
Desia Ecotourism
Grassroutes Journeys
India Untravelled
Greaves India

Recent Developments in the India Sustainable Tourism Market:

Greeves India, an Indian travel firm, is offering a chance to stay at the most exquisite resorts in India for a fraction of the price.
Sky view by Empyrean announced the introduction of a new premium boutique accommodation service for travellers on October 20, 2021.

India Sustainable Tourism Market by Category

By Tourism Type :

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel :

Phone Booking
Online Booking
In-Person Booking

By Tourism Type :

Domestic
International

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

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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Lead Intelligence Software Market Gears Up for US$14.3 Billion Journey by 2032, Riding 6.4% CAGR Wave

The lead intelligence software market was valued at US$ 7.7 Billion in 2022 and is predicted to reach US$ 14.3 Billion by 2032, growing at a 6.4% CAGR.

The worldwide lead intelligence software market share is anticipated to expand throughout the projected period as a result of the growing demand for automation and simplification in marketing operations across all verticals. Increased internet availability and growing B2B adoption have both fueled an increase in demand for lead intelligence software.

The lead intelligence software market is anticipated to expand as a result of the rising need for creating perfect customer profiles, better lead management, and data quality control. Businesses can utilize lead intelligence software to increase sales and enhance sales processes by making better use of internal and external data. Analyzing data to find new opportunities and supplying salespeople with the knowledge they need to take advantage of them, also enhances the quality and quantity of sales leads. This would make it easier to identify patterns in the market usage of lead intelligence software.

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Additionally, content optimization is becoming more and more important because the bulk of online encounters start with a straightforward search. Because so much new content is being produced every day, there is a greater risk of content overload. Since 70 to 90 percent of online traffic hits the first page of search results, lead intelligence software assists businesses in achieving top rankings for content pieces that they create every day or week.

Key Takeaways from the Lead Intelligence Software Market Report:

Due to increased competitiveness and rising rates of data deterioration, large organizations are rapidly adopting lead intelligence software. Large enterprises segment is expected to rise at a CAGR of 6.1% through 2032.
Due to a high penetration rate of computer hardware devices (computers/laptops) and mobile devices, as well as the easy access to the internet interoperability across different states within the country with only a few restrictions on their use at workplaces or homes, the United States represents one of the largest lead intelligence software markets in terms of revenue, further increasing demand from SMEs and large enterprises alike.
The lead intelligence software’s Cloud-Based category is predicted to develop at a faster CAGR during the forecast period. The increasing desire for lower prices, ease, and speed of deployment, as well as high flexibility, are driving the expansion of this regional market.
The UK lead intelligence software market is projected to reach a valuation of US$ 594.4 Million by 2032.

Competitive Landscape:
China, India, and Japan are the three biggest markets for sales of lead intelligence software in Asia Pacific. Cloud-based sales process management systems are in high demand in the region since they can help firms simplify their lead generation and provide them with a more robust system for managing end-to-end sales processes than on-premises solutions can.

Companies in Latin American countries such as Brazil, Argentina, and Mexico have been rapidly embracing Lead Intelligence Software to improve their overall sales process management. Due to the increased acceptance of internet connectivity across various organizations in the area, there is a growing demand for cloud-based lead intelligence software solutions in the region.

Leading Key Players:

Datanyze
Lead411
Oceanos
Growlabs
RocketReach

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Lead Intelligence Software Market Segmentation:

By Type:

On-Premises
Cloud-based

By Application:

Large Enterprises
SMEs

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Global Non-Hospital-Based Point-of-Care Diagnostic Products Market is set to hit US$ 33.6 Billion by 2032

The latest market research has unveiled a remarkable trajectory for the global non-hospital-based point-of-care diagnostic products market, indicating an imminent surge in growth. Valued at US$ 12.9 billion in 2022, the industry is forecasted to experience an extraordinary expansion, poised to reach an astounding valuation of US$ 33.6 billion by 2032.

This significant surge is underpinned by an impressive Compound Annual Growth Rate (CAGR) of 9.1% throughout the forecast period, signifying unprecedented opportunities and advancements within the sector. The exponential growth is anticipated to reshape the landscape of point-of-care diagnostics, revolutionizing accessibility, accuracy, and efficiency.

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The driving forces behind this monumental growth encompass various factors, including technological advancements, increased demand for rapid and accurate diagnostic solutions, and a burgeoning focus on decentralized healthcare. Non-hospital-based point-of-care diagnostic products are poised to play a pivotal role in enhancing healthcare outcomes by providing convenient and swift diagnostic capabilities beyond traditional healthcare settings.

Key stakeholders in the industry, including innovators, investors, and healthcare providers, are anticipated to capitalize on this growth trajectory, fostering innovation and accessibility to bring transformative diagnostic solutions to a global scale.

This imminent growth trajectory signifies a paradigm shift in the healthcare landscape, marking a turning point towards enhanced accessibility and efficiency in diagnostic processes. The industry is primed to witness groundbreaking advancements, empowering healthcare professionals and individuals alike with the tools to drive better health outcomes worldwide.

Non-hospital-based POC diagnostic products are used in a wide range of settings, including:

Clinics and doctor’s offices
Home healthcare settings
Schools and workplaces
Retail pharmacies
Sports and fitness facilities

These products are used to diagnose a variety of conditions, including infectious diseases, chronic diseases, and allergies.

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Some of the key drivers of growth in the non-hospital-based POC diagnostic products market include:

Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and cancer is increasing worldwide. This is driving the demand for POC diagnostic products that can be used to monitor and manage these conditions.
Increasing demand for home healthcare: The demand for home healthcare is growing as people are living longer and have more complex medical needs. POC diagnostic products can be used to provide patients with the care they need in the comfort of their own homes.
Technological advancements in POC diagnostics: Technological advancements are making POC diagnostic products more accurate, reliable, and affordable. This is making them more attractive to patients, clinicians, and healthcare organizations.

Key Takeaways:

The non-hospital-based point-of-care diagnostic products industry is expected to grow significantly in the coming years, driven by a number of factors, including the increasing prevalence of chronic diseases, the rising geriatric population, and technological advancements.
The blood glucose testing segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing prevalence of diabetes and the growing demand for self-monitoring devices.
The infectious diseases testing segment is also expected to grow rapidly, driven by the rising prevalence of infectious diseases such as COVID-19.
The clinics segment is expected to be the largest end-user segment during the forecast period. However, the home healthcare segment is expected to grow at the fastest CAGR. This is due to the increasing demand for home-based healthcare services.

The non-hospital-based point-of-care diagnostic products industry is a growing market with a lot of potential. Companies that are able to develop innovative and affordable point-of-care diagnostic products are well-positioned to benefit from this growth.

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Key Companies Profiled:

Abbott Laboratories Inc.
Siemens Healthcare GmbH
Bio Rad Laboratories Inc.
Thermo Fisher Scientific Inc.,
Roche Diagnostics (H. Hoffman-La Roche Ltd.)
STD Rapid Test Kits

The non-hospital-based point-of-care diagnostic products industry is segmented by product, application, and end user.

By product:

Blood glucose testing
Infectious diseases testing
Coagulation testing
Cardiac testing
Drug testing
Other products

By application:

Diabetes management
Infectious disease management
Cardiovascular disease management
Cancer management
Other applications

By end user:

Clinics
Home healthcare
Retail pharmacies
Other end users

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Yoga and Meditation Market Set for Remarkable Growth, Anticipated to Reach US$ 23,000 Billion by 2033 with a 14.3% CAGR | FMI

The market for yoga and meditation is projected to be valued US$ 6,063.57 million in 2023. It is projected that the market would reach US$ 23,000 million by 2033. The market is also expected to expand quickly, with a 14.3% CAGR, from 2023 to 2033.

The goal of this study is to impart deeper understanding about the personal exercise mats market size, revenue share, Y-o-Y growth, market dynamics, competitive landscape, and much more in order to better understand the current situation throughout the market. The methodical compilation of this assessment makes it useful for both new competitors and established players to develop their long-term plans.

Sales of personal workout mats have surpassed previous levels, in line with the present demand for yoga and several other fitness regimens. Manufacturers who offer value-added items at reduced prices are likely to see development as a result of the growing fitness and wellness culture.

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According to this report, sales of personal exercise mats surpassed 130 thousand units in 2018. By the end of 2019, it is anticipated that sales would register a Y-o-Y growth of 7%.

There has been a standard shift of consumers to improved lifestyle practices which has indeed functioned as a prominent factor supporting sales of personal exercise mats. Furthermore, the report highlights that an increasing count of institutional buyers would reinforce strong demand determinant in the coming years.

However, the market appeal of personal exercise mats has been actively stimulated by the continuously increasing penetration of these mats, which provide a calming sensation and are useful during yoga and meditation. It’s interesting to see that businesses like Blank Yoga have concentrated their efforts on the creation of self-cleaning yoga mats, a product that is anticipated to grow in popularity in the global market for personal workout mats.

North America to Dominate Sales across Personal Exercise Mats Market

Talking about the regional market share, North America has been the leading contributor towards the sales of personal exercise mats.

Furthermore, this report acme that the gains have been remarkable in European market, attributing to the intense surge in institutional sales of personal exercise mats. As per the assessment, the personal exercise mats market would also stay influenced by the growing count of yoga and Pilates practitioners, especially, across non-traditional markets.

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Competitive Outlook

With the report coming to an end, readers are offered the convenience to gain vital data regarding the leading players operating in the global personal exercise mats market.

Moreover, a majority of brands contending in the personal exercise mats industry are gaining from the mounting potential of European market, and proliferation of E-commerce to trade yoga mats.

Each of the mentioned manufacturer in this report is analyzed in terms of sales footprint, product portfolio and strategy overview. All such clear-cut data points make this assessment a rich source that bifurcates the global personal exercise mats for better discernment.

Key Players

Smiling Mind
Inner Explorer Inc.
Committee for Children
Stop, Breathe & Think PBC
Simple Habit Inc.
Calm Headspace Inc.
Inscape
Insight Network Inc.
Waking Up, LLC
FeelVeryBien S.a.S
MEDITOPIA
BetterMe
Aura Health
Sanity & Self
TEN PERCENT HAPPIER
Inward Inc.
Portal Labs Ltd.
MOBIO INTERACTIVE
Mindfulness Everywhere

Key Segments in the Yoga and Meditation Industry

By Product:

Websites
Apps
Yoga centers
Meditation workshops
Books
Others

By Indication:

Physical
Mental

By Source:

Internet
Instructor
Gym
Meditation centers

By End Use:

Home
Schools
Corporates
Meditation Centers
Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani