Market Research Blog – Page 9202 – New Product Development

Homecare Dermatology Energy-based Devices Market Top Trends and industry overview to watch for in 2028

Growing commercialization of advanced technology in homecare dermatology and frequent introduction of user-friendly dermatology services are collectively boosting the growth prospects for homecare dermatology energy-based devices landscape at a global level.

According to a newly released intelligence report by Future Market Insights, exhibiting nearly 5% year over year growth in revenue, the global homecare dermatology energy-based devices landscape is likely to be worth over US$ 550 Mn in 2020. While maximum incremental opportunity is projected for China and APEC, North America – despite being the global leader – is likely to witness moderate growth in coming years.

Rapidly growing demand for homecare devices as a result of a paradigm shift from conventional clinics to in-house, non-invasive energy treatments is prominently responsible for healthy revenue growth projections for homecare dermatology energy-based devices.

Technological advancements in these devices are widening their application base, thereby pushing the rate of adoption further at a global level. Another strong push factor associated with homecare dermatology energy-based devices includes their availability as the OTC products.

Product type analysis of market landscape reveals that laser and IPL (intense pulsed light) equipment are enjoying the highest sales, whereas LED equipment is projected to emerge as the most attractive segment in homecare dermatology energy based devices space in the near future.
Hair removal and acne, followed by wrinkles treatment, are reportedly the most extensively sought after applications of homecare dermatology energy based devices.
E-commerce dominates all other distribution channels, according to the report. Hyper markets and super markets also remain among the preferred channels for product distribution.

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A Bird’s Eye View of the Global Landscape

“The global market for homecare dermatology energy based devices is a highly consolidated landscape, wherein the top two players collectively account for around 60% share of the market revenue. Koninklijke Philips, with more than a third of the market value share, secures the top position with its extensive portfolio of intense pulsed light devices used for hair removal,” explains a senior research analyst while offering the inclusions of the company’s recent report on the global homecare dermatology energy based devices market.

Adding further to the information about the market competition, the analyst says, “A majority of companies are prioritizing product innovations in LED, IR, and lasers segments. Moreover, a large number of market players are taking efforts for extended product reach through retail partnerships, in addition to NPD for a wider application base. Companies are also observed to be focusing on collaborations and acquisitions to reshape their product distribution strategy for better profitability”.

FDA Approvals Are Relatively Easy

Relatively easy and faster FDA approvals for homecare dermatology energy based devices are driving improved appearance of these devices in tandem with the latest handheld gadgets, which prominently curtail the need for frequent visits to professional cosmetic treatment centers.

A recent example includes FDA clearance for Titan – the anti-aging device launched by Skinovations Inc. later in 2017.

On a similar line, North American and European markets for homecare dermatology energy based devices are witnessing remarkable adoption in recent years. FMI identifies a slew of business expansion opportunities in the aforementioned regions for manufacturers of homecare dermatology energy based devices.

Moreover, growing R&D efforts as manufacturers in the US zoom in on the production quality, is likely to shape the performance of North America’s market for homecare dermatology energy based devices.

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Combination of Technologies for Better Treatment Output

Making the most of the best attributes of LED and lasers technologies, a new trend among manufacturers now involves the combination of both the technologies for manufacturing homecare dermatology energy based devices. While these devices are claimed to be effectively reducing fine lines and improving skin tone with LED, lasers enable them to be highly target specific. A recent example is of YA-MAN’s RF Beaute Photo PLUS.

About FMI:

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

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Endoscopy Fluid Management Systems Market is predicted to expand at a 7.4% CAGR to reach a net worth of US$ 683 Mn by 2028

[187 Pages Report] According to the FMI study, as the Tier 1 players continue to contribute over 70% share of the market revenue, the global endoscopy fluid management systems landscape remains a highly consolidated space.

Providing a brief overview of the FDA regulations for Class II medical devices such as endoscopes, a new study presented by Future Market Insights offers an exhaustive assessment of the global endoscopy fluid management systems landscape for a 10-year projection period, 2018-2028.

The report covers extensive profiling of the top four performers including a few of the biggest industry names such as Stryker Corporation and Olympus Corporation. However, research indicates that even local players have strong penetration in regional markets.

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Top 3 Insights from Key Players Analysis

While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future. Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies.

Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers. “Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.

Prominent Players:

Karl Storz GmbH & Co KG
Olympus Corporation
Richard Wolf GmbH
Smith & Nephew
Stryker Corporation
DePuy Synthes (Johnson & Johnson Services Inc.)
Cantel Medical Corporation
Medtronics Plc.
B. Braun Medical Inc. and Hologic Inc

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Top 5 Insights from Segmental Analysis

With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

Hospitals register the highest consumption of endoscopy fluid management systems.

Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.

Healthy Year over Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.

Government Regulations Favor Market Growth in Latin America

Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.

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Segmentation

The report offers a comprehensive taxonomy of the endoscopy fluid management systems market based on product type, end user, modality and region. Endoscopy fluid management systems are used for various types of endoscopic surgeries such as hysteroscopy and laparoscopy.. End-user segments in the endoscopy fluid management systems market include hospitals, ambulatory surgical centers and other end users, such as specialty clinics & diagnostic centers.

From a regional perspective, the endoscopy fluid management systems market has been analyzed across North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

About FMI:

Cell Line Development Market is forecast to reach a valuation of US$ 4.7 Billion in 2022 | FMI

[329 Pages Report] According to a latest research by Future Market Insights (FMI), the global cell line development market size is anticipated to account for over US$ 7,200 Mn, in terms of value, by 2028 end. The report on cell line development market further projects significant growth potential with CAGR at 7.2% through 2028.

According to International Agency for Research on Cancer, the number of new cancer cases per year is expected to rise to 23.6 million by 2030 globally. In recent times, cell line development and its applications are considered as potential tools in oncology research. Cell lines are projected to be used for development of new treatment pathway for various disease including cancer and neurological diseases.

Rapid increase in prevalence of cancer and neurology disorders and lack of efficient treatment solution for these diseases has created the need of more advanced and efficient treatment pathway. Companies and government organizations are investing on research and development activities and are also focusing more on cell line development in search of new cellular pathway to develop novel drugs. The increased spending on biosimilar R&D from exiting biopharmaceutical companies would provide boost to cell line development market.

In recent time the contract research organizations are focusing on cell line development and cell line research activities. According to National Institutes of Health (NIH) the estimated total federal spending on all type of stem cell line research for 2017 is US$ 1.58 Bn. In developing countries like India, government is supporting cell line development through national funding agencies like Department of Biotechnology (DBT), Indian Council of Medical Research (ICMR), and Department of Science and Technology (DST).

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Regenerative medicines are the next generation treatment solution and Cell Line Development or Cell Culture is a vital part for regenerative medicine. Increasing demand of regenerative medicines in cancer treatment would positively impacting the growth of Cell Line Development market over the forecast period.

The biopharmaceutical companies operating in development of novel drug line are expected to hold promising revenue opportunity in cell line development market.

Future Market Insights (FMI) has segmented the cell line development market based on product type, cell line source type, end user, type of cell line and region.

Product type segment in cell line development market is segmented into media and reagents, equipment and accessories. Reagents and Media are required from incubation to preservation of cell lines. These products are expensive and have repetitive use in cell culture or bio-production. Reagent and media segment in cell line development market is expected witness noteworthy growth in terms of revenue owing to rapid increase in demand in cell culture and cell based assays.

Cell line development market by cell line source is categorized into mammalian cells and non-mammalian cells. Mammalian cell line development is anticipate to witness significant growth in overall cell line development market. This growth of mammalian cells segment in cell line development market is driven by increased production of biologics drugs which require mammalian cells. Increasing antibody production is the major driving factor behind the growth of mammalian cell lines segment in cell line development market.

Mammalian cell lines are used to create therapeutic proteins through genetic building and antibodies through viral infection. For example, Gaucher’s disease, which is a genetic disorder characterized by lack of β-glucocerebrosidase enzyme and can be treated by Cerezyme which is a recombinant enzyme produces in mammalian cell lines. Mammalian cell lines are also useful in production of antibodies and other therapeutic agents such as specific binding proteins that can neutralize disease causing agents in the body. For example Under cell line type segment in cell line development market, recombinant cell line development are the most demanding type of cell line due to large application in biologics production, protein interaction, gene activation, toxicity testing and drug screening.

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Growing application recombinant cell line development in drug toxicity testing is expected to boost the growth of overall cell line development during the forecast period

North America and Europe cell line development market will dominate in owing to increasing government funding in cell line development research and rising spending on biosimilar developments. Asia Pacific cell line development market is expected to grow at a high growth rate due to increased number of research organization engaged in novel biologics and biosimilar fastest revenue growth in overall cell line development market.

The Asia Pacific region in Cell line development market is anticipate to witness increasing demand of biopharmaceuticals and regenerative medicines are expected to boost the growth of the cell line development market.

FMI’s report tracks some of the key companies operating in the cell line development market, such as Selexis SA, GE Healthcare, Corning Incorporated, Thermo Fischer Scientific, Inc., American Type Culture Collection (ATCC), Lonza (Sartorius Stedim Biotech S.A.), Danaher Corporation, Merck KGaA, WuXi Biologics.

Key Market Segments Covered in Cell line development Market Research By Product Type:

Reagent and Media
Equipment
Accessories and consumables

By Source Type:

Mammalian cell line
Non-mammalian cell line

By End User:

Biopharmaceutical Companies
Contract Research Organizations
Academics and Research Institutes
Biotechnology Companies

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By Cell Lines:

Recombinant cell lines
Hybridomas
Continuous cell lines
Primary cell lines

About FMI:

Educational Tourism Market is Anticipated to Reach at a US$ 1,947.0 Bn by 2031 | FMI

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

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

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

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

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

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

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

Key Takeaways from the Educational Tourism Market Study

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

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

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

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Impact of Covid-19 & 2020 Market Analysis

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

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

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

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

Who is Winning?

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

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

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

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Pharma Grade Synthetic Camphor Market is projected to register the growth of 4.2% CAGR from 2022 to 2028

[253 Pages Report] According to the latest research by the company, the global pharma-grade synthetic camphor market size is anticipated to be valued at US$ 532.0 Mn, by 2028 end.

The report on pharma-grade synthetic camphor market further projects significant growth potential with average year-on-year growth rate pegged at 4.1% through 2028.

Growing demand for topical pain management products is expected to propel the growth of pharma-grade synthetic camphor market. Pharma-grade synthetic camphor is used in many topical analgesic products such as oils, ointments, chest rubs, and gel.

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These pharma-grade synthetic camphor pain management products are experiencing significant growth due to lesser side effect compare to oral analgesic and expanded retail channel access. Increasing self-medication rate and availability of cost-effective camphor contained OTC analgesic favors the growth of pharma-grade synthetic camphor market growth.

pharma grade synthetic camphor market

Growing incidence of infectious diseases such as cold, flu augmented the use of cold sore remedies, nasal decongestants, topical expectorants etc. which in turn would drive the growth of pharma-grade synthetic camphor market. Increasing use of private labeled topical products containing camphor push the demand for pharma-grade synthetic camphor.

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Private label analgesic is gaining popularity in the U.S. market as they do not require FDA approval and strong promotion activities by retailers. Walgreens Ultra Strength Muscle Rub (4% camphor), Salonpas pain relieving patch (1.2% camphor) are the examples of private label analgesic which contain camphor. Surge in commodity export, economic growth and production capacity are expected to boost the growth of pharma-grade synthetic camphor market.

However, regulatory restrictions on the use of camphor in the medicine of pharmaceutical products would considerably impact the growth of pharma-grade synthetic camphor market. Moreover, increasing raw material prices are expected to hamper the growth of pharma-grade synthetic camphor market. Thus, growing prices of raw materials i.e. alpha pinene or turpentine oil is a major challenge for the manufacturers of pharma-grade synthetic camphor.

Company has segmented the global pharma-grade synthetic camphor market into formulation, application, distribution, and regions. Based on the formulation, pharma-grade synthetic camphor market is segmented into topical and inhalation. The topical segment is expected to represent a highest revenue share in pharma-grade synthetic camphor market as high number of marketed products and vast applications.

Applications of pharma-grade synthetic camphor included in the report are respiratory disorders applications, muscular rheumatism, counterirritant & antipruritic and others (topical analgesic, cold sores, minor burns, antifungal, hemorrhoids, topical antitussive & expectorant, astringent, rubefacient, etc.). Others segment expected to contributes highest market value in global pharma-grade synthetic camphor market. Based on the distribution channel, pharma-grade synthetic camphor market is segmented into conventional B2B and online B2B channel. In terms of revenue, conventional B2B segment would hold significant revenue share in pharma-grade synthetic camphor market over the forecast period.

On the basis of region, the global pharma-grade synthetic camphor market has been segmented into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific excluding China & Japan, China, Japan, and the Middle East & Africa. North America is expected to contribute highest revenue share in global pharma-grade synthetic camphor market.

The demand of pharma-grade synthetic camphor has increased in North America, as increasing production of camphor contained private label and OTC products. China is expected to witness the highest growth rate in pharma-grade synthetic camphor market due to presence of the larger number of pharma-grade synthetic camphor manufactures. Pharma-grade synthetic camphor manufactures are mainly concentrated in China and India and they export their chemicals to the U.S. and Europe. Moreover, due to its growing contribution to the global industry, Asia Pacific is emerging as a focused destination for global manufacturers of camphor and related chemicals.

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Report tracks some of the key companies operating in the global pharma-grade synthetic camphor market. Representative players included in the global pharma-grade synthetic camphor market report are Merck KGaA, Oriental Aromatics Limited, Saptagir Camphor Limited, Mangalam Organics Limited, Nippon Fine Chemical Co., Ltd., Rochem International, Inc., Spectrum Chemical Mfg. Corp., Aldon Corporation, Prinova Group LLC. and Fengchen Group Co., Ltd. Manufactures are focusing on improvement of the supply chain which expected to provide huge opportunities to them over the forecast period.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Medical Tourism Market is Projected to Reach at a US$ 75 Billion by 2032

The medical tourism market would be worth more than US$ 5.2 Billion in 2022. The size of the medical tourism industry is expected to expand at a CAGR of 30.5% between 2022 and 2032. FMI predicts that the market will be worth US$ 75 Billion by 2032

While healthcare efforts remained focused on managing the COVID-19 crisis, reversing growth projections to an extent for 2020, with the situation stabilizing, treatment of life-threatening diseases and chronic ailments will begin gaining traction 2021 onwards.

While an increasing number of Americans are travelling abroad for availing medical treatment, there has been significant surge in inbound medical tourism of the country as well. The Joint Commission International (JCI), which is a nonprofit organization, evaluates the quality and standard of healthcare facilities across the globe. As a matter of fact, JCI accreditation is recognized internationally as a benchmark for quality care in hospitals and clinics. In the U.S., JCI has accredited nearly 15,000 hospitals in the U.S.

Between 2020 and 2030, the market is forecast to exhibit 12.3% CAGR, as the number of medical tourists is expected to rise at 11% over the same period. Factors such as increasing healthcare costs in the West, increasing incidence of chronic ailments, and surging demand for various cosmetic procedures have been resulting in the soaring medical tourism. Availability of cheaper treatment options abroad without compromising on the overall standard and quality of healthcare services is the chief driver of medical tourism in the East. The field contributes significantly to the generation of revenue across developing economies, which has been motivating government aids.

Besides this various government and non-government machineries are contributing towards campaigns to encourage medical tourism. Their efforts are indicative of opportunities existing in the field. For instance, the Tourism Authority of Thailand has launched a very effective e-campaign a couple of years back to assert the country’s position in the global medical tourism landscape. Besides this, various campaigns are launched in India to promote yoga and spiritual centers within the country.

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key takeaways :

The U.S. is expected to lead in terms of healthcare travel spending, however, in the coming years China’s spending is forecast to surge considerably
Among services offered under medical tourism, therapeutic services are highly sought-after. Wellness services too are gaining traction as an increasing number of medical tourists are seeking meditation and wellness retreats
Phone and online booking will remain more preferred modes of booking for medical tourism
Medical tourism is often sought for cancer and cardiovascular treatment. Besides this, cosmetics and bariatric procedures are very popular among medical tourists

Medical Tourism Shows Resilience amid COVID-19

While the unprecedented COVID-19 outbreak might have caused significant disruptions, recovery is on card, thanks to prompt response by governments around the world. Thailand’s response to the ongoing pandemic, for instance, has won praise from the United Nations, the World Health Organization, and other experts around the world. Thailand has been ranked among the top five countries among 184 in terms of the effectiveness of their battle against the virus.

According to the Thailand Board of Investment, more than 50 applications for investments, worth over US$ 400 million were submitted during the first half of 2020 to introduce a range of novel measures, accelerating investment in the medical sector. Proactive steps taken by government and non-government organizations will enable the medical tourism market sail despite losses incurred during COVID-19.

Who is winning?

Medical tourism market is expanding at a fast rate. Tier 1 companies such as AsklepiosKlinikenGmbH, Bangkok DusitMedical Services, Fortis Healthcare Limited, Apollo Healthcare, BumrugrandInternational Hospitals, ChristusMughuerza, and others contribute nearly 6% to 17% of revenue generated by the market.

Tier 2 companies operating in the market include Asian Heart Institute, Prince Court Medical Center, ShouldiceHospital, Gleneagles Hospital, ClemenceuMedical Centre, AnadoluMedical Centre, and others. These companies account for the lion’s share of the global market.

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Key Segments

Americas

Global Healthcare Connections, Inc.
Christus Muguerza S.A.P.I De CV
Shouldice Hospital

Europe

Asklepios Kliniken GmbH

Asia-Pacific

Fortis Healthcare Ltd
Apollo Hospitals
Gleneagles Hospital
Bumrungrad international Hospital
Bangkok Dusit Medical Services
Asian Heart Institute
Prince Court Medical Center

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Potato Protein Market Shares, Global Trends, and Growth Predictions 2022-2032

The sales of potato protein market is estimated to be valued at US$ 121.1 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 249.1 Mn by 2032, rising at a CAGR of 7.5% for 2022-2032.

The global potato protein market size is expected to reach US$ 128.9 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.3% CAGR between 2019 and 2029. According to the report, the rising demand for healthier and plant-based food alternatives will stoke growth of the market.

The report offers a comprehensive insight into the market. It covers key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. The report profiles some of the leading market players examines the impact of their growth strategies on the overall market.

“In the coming years, the potato protein market will gain impetus from the rising demand in developed regions. The rising demand for healthier meat alternatives and inclination towards plant-based protein will increase potato protein sales in regions such as North America, Europe and Latin America,” said a lead analyst at FMI.

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It includes in-depth insights into the potato protein market. Some of these are:

The estimated value of the market was at US$ 84.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America emerged as a key market for potato protein.
Europe and Latin America will report steady rise as key markets for potato protein.
Among potato protein types, concentrates will witness high demand through the forecast period.
Key players are likely to focus on introducing new products to stay relevant in the market.

Increasing Application in Food and Beverages Sector to Boost Growth

Potato protein is widely used in infant formulas, food supplements and dairy products. Therefore, the increasing consumption of dietary protein will bode well for the market. Furthermore, the market is expected to gain from the expansion of the food industry. Because countries such as China, India, and Brazil exhibit high food demand, they are identified as some of the most lucrative markets for potato protein. In addition to this, the rising health consciousness among consumers will enable growth in the market.

Who is winning?

Some of the leading players operating in the potato protein market are (Avebe, Tereos, Agrana, Roquette, Omega Protein, Pepees Group, Emsland Group, Meelunie, KMC Ingredients, Südstärke, AKV Langholt, PPZ Niechlow and others.

As a result of increasing competition, potato protein manufacturers are focusing on expanding their product portfolio and improving sourcing processes. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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Market Segments Covered in Potato Protein Market Analysis

By Type:

Isolates
Concentrates

By Application:

Food & Beverages
- Meat
- Dairy
- Confectionery
- Processed Foods
- Beverages
- Sports Nutrition
Feed

Region:

North America
Latin America
Europe
APEJ
Japan
Oceania
Middle East & Africa

Frequently Asked Questions

What are the drivers of the potato protein market?
Which are the factors that put potato protein market at risk?
Which are the regions that will lead the global sales of potato protein?
Which product segment offers more growth opportunities in potato protein market?
Which application segment will record the highest growth?

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Camping and Caravanning Market Will Epand at a CAGR of 7.6% in 2030 | FMI

The global camping and caravanning market is projected to rise at a CAGR of ~7.6% between 2020 and 2030, Future Market Insights foresees stable growth for the market. Nowadays, most of the countries, such as the Philippines, India, Thailand, Brazil, and UAE, are significantly investing in their airports to improve arrival/departure facilities for a large number of tourists in the foreseeable future.

Moreover, players in these countries focus on restoration of heritage and camping sites, as well as infrastructure. Additionally, improvement of lifestyle, showcasing culture & diversity, and cooperative partnerships between governments to enhance infrastructure for better living and commuting are other factors contributing to the growth of the camping and caravanning market.

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Key Takeaways from the Camping and Caravanning Market Study

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

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

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

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Who is winning?

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

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

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

Get Valuable Insights into Camping and Caravanning Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global camping and caravanning market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the camping and caravanning market based on the destination type (state or national park campgrounds, privately owned campgrounds, public or privately owned land other than a campground, backcountry, national forest or wilderness areas, parking lots, and others), type of camper (car camping, RV camping, backpacking and all), consumer orientation (male, female, and kids), and age (6-12 yrs, 13-17 yrs, 18-24 yrs, 25-44 yrs, and 45 + yrs) across seven major regions.

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Veterinary Ultrasound Scanners Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2028

Veterinary ultrasound scanners are diagnostic imaging machines that use high-frequency ultrasound waves to assess problems in animals such as pregnancy scans, distal limb exams, and stomach scans. Veterinary ultrasound scanners can aid in the diagnosis of soft tissue, muscle, blood vascular, tendons, and joint diseases. According to a recent study by Future Market Insights, the global veterinary ultrasound scanners market will increase in terms of revenue due to increasing pet adoption, rising pet healthcare costs, the prevalence of zoonotic diseases, and animal healthcare insurance. The global veterinary ultrasound market is expected to be worth US$ 239.6 million by 2028, rising at a moderate 4.2% CAGR between 2018 and 2028.

North America to Dominate Global Veterinary Ultrasound Scanner Market; Western Europe to Follow, APECJ to Present Lucrative Opportunities

Increasing pet adoption and vet care expenditure will boost the veterinary ultrasound market in North America. Western Europe is pegged to be the second largest market for veterinary ultrasound scanners owing to the increasing occurrence of zoonotic diseases and livestock screening for food safety attributable to increased meat consumption. On the other hand, public and private funding along with support programs for vet care will open positive investment prospects for manufacturers of veterinary ultrasound scanners in the Asia Pacific excluding China and Japan.

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Veterinary Ultrasound Scanners to find Increased Adoption for Zoonosis and Pre-Natal Diagnosis

Owing to increased international traveling and animal transportation has led to an increase in the number of zoonotic cases- infectious diseases that are spread between humans and animals. Since zoonosis can be severe resulting in death of human beings, the Centers for Disease Control and Prevention (CDC) is always tracking and reporting such cases. . The major pathogens and diseases associated with zoonotic are anthrax, brucellosis, Chagas disease, Type A influenza, Ebola hemorrhagic fever, Rift Valley fever, severe acute respiratory syndrome (SARS) among others. Vector borne zoonosis coupled with direct and indirect contact of human beings with infected animals increased the chances of contracting zoonotic diseases, in turn, pushing the adoption of veterinary ultrasound scanners.

Governments and vet healthcare organizations are taking initiatives to spread awareness apropos of zoonotic diseases and other travel-acquired diseases. CDC has collaborated with several countries and their human and animal health organizations to conduct ‘One Health Zoonotic Disease Prioritization Workshops’ in a bid to reduce travel-related zoonosis. Moreover, pet owners and animal breeders have increased routine screening and veterinary diagnosis as a prevention method—using imaging devices such as veterinary ultrasound scanners, thereby, positively impacting the overall market growth.

Moreover, since per capita meat and dairy consumption has increased, globally, animal breeders are under immense focus to provide good quality livestock products. For which, regular checking and monitoring of animals is paramount, favoring the growth of the global veterinary ultrasound scanner market during the forecast period.

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Animal breeders are adopting ultrasound scanners to assess reproductive scenarios such as early pregnancy diagnosis, multiple pregnancies, and fetal sex determination. Fetal sex determination in equinox and livestock animals allows breeders to replacement cycle of animals and determine the sale value of a breed. However, since the ultrasound scanners used for humans and animals is the same and scanners have to be registered under the PNDT Act 1994, stringent Government regulations makes determination of fetal gender difficult in countries like China and India, hampering the growth of the veterinary ultrasound scanners market in these regions.

“Companies are introducing technologically advanced ultrasound scanners for animals that can be paired with Android and iOS devices. Lightweight and portable ultrasound scanners are also making its way in the global market that can be used for a number of species and applications”- Healthcare Industry Analyst, Future Market Insights

Competitive Landscape Insights: Expansion, M&A Strategies to Define Market Growth Roadmap

Key players in the global veterinary ultrasound scanners market include Samsung Medison, IMV Technologies, Mindray, Hitachi, Siemens Healthineers, and Canon Medical Systems. Top manufacturers are likely to focus on strategic alliances and mergers and acquisitions to strengthen their product portfolio and increase scope for market expansion, thereby, creating opportunities for the players in veterinary ultrasound market in the untapped regions. Establishment of subsidiaries and marketing alliances would offer geographical expansion prospects to the top players.

Preview Analysis Global Veterinary Ultrasound Scanners Market Segmentation By Portable/Hand Held Ultrasound Scanner, Cart Based Ultrasound Scanner; imaging technology – Digital Imaging Technology, Analog Imaging Technology, Contrast Imaging Technology: https://www.futuremarketinsights.com/reports/veterinary-ultrasound-scanner-market

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The Insect Protein Market Research Report include Market Size, Industry Outlook, and Market Forecast Data 2022-2032

Newly released data on the global insect protein market by FMI Estimated that the insect protein market enjoyed year-on-year (YoY) growth of 8.2% in 2022 and is accounted for USD 349.2 Mn and is expected to witness a prominent CAGR of 9.2% to reach the value of USD 838.5 Mn in 2032. Revenue for the insect-based pet food segment grew by 18% during the period 2017-2021 while the Demand for beetle protein increased by 11% between 2020 and 2021.

The global insect protein market is expected to grow at a stunning 9.2% CAGR from 2022 to 2032. This growth can be attributed to the technology’s quick adoption by both producers and consumers. The economic benefits, productivity improvement, and nutritional value provided by insects are the primary drivers of expansion in the edible insect protein sector.

Because of the higher efficacy of protein and minerals in edible insects like beetles and caterpillars, global insect protein industry is expected to reach USD 349.3 million by 2022. Insect protein producers are profiting from growing public health and environmental concerns about traditional animal proteins.

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Caterpillars, that have a spectacular double-digit rate of growth of much more than 10.2%, are followed by beetles, which account for more than a quarter of the marketplace. The nutritional advantages of these edible insects, as well as their widespread availability, are propelling expansion in these categories.

More than three-fifths of the worldwide insect protein market is accounted for by Europe and America. Customers are embracing insect protein items manufactured by up-and-coming start-ups such as Eat Grub and Aspire Group. This increase might be attributed to increased consumer awareness of animal agriculture’s harmful environmental consequences. In these highly industrialised areas, insect protein offers a viable option to the informed customer.

Beef only has 29% nutritional protein, while crickets have 69%. The nutrient value distinction between insect protein and regular protein powder is a significant trend driving this business. Insect cultivation for protein extraction requires 8 to 10 times lesser land, 5 times less freshwater, and produces 6 to 12 times fewer greenhouse gas emissions.

Additionally, as the global public becomes more aware of the harmful effects of animal agriculture, corporations are looking for alternatives. Insects include a wide variety of essential amino acid residues, fatty acids, minerals, and vitamins. Because of its medicinal and operational benefits, insect protein is widely accepted by producers and consumers.

Key Takeaways from Market Study

The insect protein market is expected to expand at CAGRs of 5.8% and 6.1% in Europe and America, respectively, through 2032.
The European insect protein market currently holds 27.4% share of the total market.
During the timeframe of 2017-2021, revenues for insect-based pet food category increased by 18%.
Throughout 2020 and 2021, consumption for beetle protein climbed by 11%.

“Insect protein producers would generate revenue if they targeted the protein industries. Because of the increased need for health supplements goods throughout the world, the food supplements business might be a viable business model for insect protein.,” says a Future Market Insights analyst.

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Competitive Landscape

Insect protein suppliers are investing a lot into studies and technology to ensure the quality of their goods.

Eat Grub collaboration with SOK: Eat Grub a significant producer of insect protein located in the United Kingdom, is cooperating with SOK, Finland’s biggest grocery store chain.
AgriProtein acquired Millibeter N.V: Millibeter N.V was acquired by AgriProtein in 2018. This deal will assist AgriProtein in establishing its first facility in Belgium. The investment is anticipated to extend the company’s European market.
EnviroFlight LLC: The firm launched its first production facility in the United States, and it plans to expand its insect protein extraction plant utilizing Black army flies.

Market Segments Covered in Insect Protein Market Analysis

Insect Type:

Beetles
Caterpillars
Bees, Wasps and Ants
Grasshoppers, Locusts and Crickets
Others

Form:

Whole Insect
Powder

Application:

Food & Beverages
- Animal Nutrition
- Aquafeed
- Pet Food
- Poultry Feed
Pharmaceuticals & Cosmetics

Region:

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

Frequently Asked Questions

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