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Halal Tourism Market Comprehensive Research Study and Strong Growth in Future 2032

The halal tourism market is projected to reach a valuation of US$ 255.0 Billion in 2022, likely to surge at a vigorous 4.0 % CAGR from 2022 – 2032 and is likely to reach US$ 365.0 billion by the end of 2032.

The “halal” term means permissible according to Islamic laws and teachings. With a rise in the number of well-heeled Muslims, the halal industry has expanded into various lifestyle offerings including halal travel, tourism, and hospitality services. The halal tourism is a particular type of religious tourism which focusses on the things which are in conformity with the Islamic laws and teachings regarding diet, dressing, conduct, and behaviourisms.

The global halal tourism industry has been accounted as one of the fastest growing tourism segments in the world. The recent development in the global halal travel and tourism industry is caused by the ethical consumer trends and the change in the temperament of Muslim consumers globally.

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Global Halal Tourism Industry: Drivers and Restraints

Halal tourism has gained a massive acceptance in recent times, and it is now becoming a new phenomenon in the global tourism industry. The halal tourism industry refers to the tourism products and hospitality services following the Islamic beliefs and practices. These activities involve serving of halal food, alcohol-free dining areas, separate spa and leisure activities for men and women, separate swimming pools, prayer facilities, and even beach areas which are only open to women.

Previously the halal tourism industry was mostly associated with the pilgrimages Hajj and Umrah. The growth in the higher middle-class Muslim consumers and the increase in the degree of interconnectivity has made travelling a part of life, thereby, changing the preference of Muslim tourists from traditional destinations such as Mecca and Medina to top holiday destinations and resorts.

The halal tourism industry is expected to go mainstream and develop as an integral part of the prospering global halal tourism sector. The global hotel and resort tourism sectors have flourished in recent years to fulfil the demands of Muslim travellers who want to enjoy full leisure and hospitality services, which at the same time caters to their religious requirements as well as follows the Islamic customs and culture.

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This development is expected to drive the global halal tourism industry over the forecast period. Many countries across the world such as Turkey, Egypt, and Malaysia have already adopted this change into their tourism offerings to include accommodations and other facilities in accordance with the religious beliefs of Muslim tourists.

In addition to the Muslim countries, some non-Muslim countries including Singapore, Australia, and France have also shown a strong interest in the halal tourism industry. The presence of halal certified bodies such as food outlets etc. are making these countries a favourite destination for Muslim travellers which in turn is expected to drive the global halal tourism industry over the forecast period.

Global Halal Tourism Industry: Key Regions

Malaysia is one of the fastest growing countries in the global halal tourism industry sector. This country so far has managed to attract Muslim travellers from all over the world especially travellers from the Middle East region. Recently this country was ranked among the top 10 halal-friendly tourism destinations in the world. The halal tourism industry is personalised according to the specific needs of Muslim tourists who primarily seek a family friendly environment.

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The countries which are the members of the Organization of Islamic Countries (OIC) are the primary sources of the halal tourism industry. The fast growing resident Muslim population in some of the non-Muslim majority regions including North America, Europe, India and China is expected to offer substantial growth opportunities for the global halal tourism industry during the forecast period.

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

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

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

Key Segments

By Tour Type:

Domestic
International

By Consumer Orientation:

Men
Women

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

26-35 Years
36-45 Years
46-55 Years

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Expanded Polypropylene (EPP) Foam Market Worth US$ 4,962.51 Million By 2032 | CAGR 11.40% – By FMI

The global expanded polypropylene (EPP) foam market is projected to reach a value of US$ 4,962.51 Mn in 2032, with the market growing at a prolific CAGR of 11.40% from the forecast period of 2022 to 2032. Predicted to reach an estimated US$ 1,685.9 Mn in 2022, the expanded polypropylene (EPP) foam market is driven by heightened demand from sectors like consumer goods, packaging, and furniture.

The increasing scope of expanded polypropylene (EPP) foam application such as the use of expanded polypropylene (EPP) foam sheets in a wide range of industries due to its superior properties will further propel the market growth.

Superior qualities of EPP foam like durability, recyclability, water and chemical resistance, thermal insulation, and others contribute to the extensive usage of EPP foam. With the growing usage of EPP foams in the automotive industry due to its effective tolerance and buoyancy coupled with the expansion of the same industry, the EPP foams market is expected to grow at a rapid growth rate.

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Other factors like the development and growth of several economies and the escalating demand for eco-friendly alternatives are also acting as demand drivers for the target market.

The past few years have witnessed a rise in the production of automobiles and consumer goods which in turn spurs the demand for expanded polypropylene (EPP) foam products. In addition to automobiles and consumer goods, expanded polypropylene (EPP) foam is widely used for protective applications in electronics and other items. This bodes well for the market as it will likely boost the commercial potential in the next few years.

The deep market penetration of EPP foam, growing industrial investment in major economies along with the easy availability of the product further augment the sales of the expanded polypropylene (EPP) foam in the global market during the forecast period.

Key Takeaways:

Rising demand for eco-friendly materials in the automobile sector will strengthen the market.
High prices, strict regulations, and availability of substitutes may stunt the market growth.
By product type, the high-density segment accounts for the highest revenue share.
Application in the automotive industry will lead the market growth.
The Asia Pacific region is expected to dominate the global market.
Europe and North America will together hold about 35% of the total market share.

Competitive Landscape

Furukawa Electric Co., Ltd, Knauf Industries, Dongshin Industry Inc., Kaneka Corporation, JSP Corporation, BASF SE, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, and Bradford Company among others are some of the major players in the expanded polypropylene (EPP) foam market profiled in the full version of the report.

Leading market players are keen on implementing better supply chain solutions. Incorporating an innovative value chain so as to continue their production without disruption is the primary focus of many businesses in the market.

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Key Segments in The Expanded Polypropylene (EPP) Foam Market

By Grade Type:

Low Density
High Density
Porous PP

By Application:

Automotive
Industrial Packaging
Consumer Products
Building & construction
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

More Insights into Expanded Polypropylene (EPP) Foam Market Report

In its latest report, FMI offers an unbiased analysis of the global expanded polypropylene (EPP) foam market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade type (low density, high density, porous PP), application (automotive, industrial packaging, consumer products, building & construction, others), and region.

According to the latest FMI reports, based on region, the expanded polypropylene (EPP) foam market in the Asia Pacific region is expected to grow substantially over the forecast period. Currently accounting for 52% of the revenue share, the target market in this region is mainly fueled by escalating demand in important industry verticals.

The market in Japan is predicted to be one of the primary growth drivers in the APAC region. Building and construction sector coupled with the advancing automobile industry push the regional market growth through the assessment period.

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Based on segmentation, in terms of the product type, the high-density product segment is predicted to account for the fastest CAGR during 2022-2032. On the basis of application, the automotive industry will likely hold a major share of the market revenue over the projected period.

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Customisation And Personalisation In Travel Market – This is How Leading Companies Are Dominating the Global Market

The customisation and personalisation in travel market size is expected to reach US$ 620.71 Million in 2032. The customisation and personalisation in travel market is growing rapidly.

As per FMI Analysts, the global customisation and personalisation in travel market is estimated to be valued at US$ 126.56 Million in 2022 and is projected to increase at a CAGR of 17.8% in the forecast period from 2022 to 2032.

Millennial travellers are suave and are always in search of something special during their business or leisure tours. They are smart, well researched, very clear about their priorities and needs and are eager to shell out any money to gain a comfortable travel experience. The scope and relevance of a travel marketer are massive in the modern tourism market.

The trend of customisation and personalisation in travel marketing is slowly but steadily emerging in the market. A properly planned tour with significant inputs can change the entire travel experience for a tourist. The use and accumulation of travel data has changed the face of the travel industry and given it a new dimension.

New travel portals have created a virtual corridor for travellers leading them into a better and bigger arena of the travel world. A host of travel tools are now in use and many of the leading travel agents around the world are using these tools for customisation and personalisation in travel marketing.

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Personalised and customised travel marketing holds the key to success for key stakeholders in the travel industry. Modern day customers are shifting towards tailor-made and customised travel packages. Emails are a passé in the evolving travel industry. Travel companies are using advanced tools to promote their offerings.

To woo a new lot of travellers companies are rehashing their travel marketing strategies by collating in-depth information about a particular traveler and sending out professional and customised emails by gauging the exact choice of the customer.

Most of the travel companies are using high-end marketing tools to segregate customer information and are then scripting personalised mails and newsletters to ignite the interest of the tourists about a specific tour package.

Social media platforms are playing a pivotal role in changing the canvas of customised and personalised travel marketing. Several travellers around the globe are using social media platforms to complete their pre-travel research.

Customisation And Personalisation In Travel Marketing: Game Changers

Factors such as emergence of millennial travellers and travel-friendly economies across the globe are acting as a key component in the development of customisation and personalisation in travel marketing.

The massive digital wave that eroded the entire travel industry has created a ground of benefits for customised and personalised travel marketing. The mushrooming of new travel destinations across the globe is also expediting the need for personalised and customised travel marketing.

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Customisation And Personalisation In Travel Marketing: Restraints

A massive population of tourists across the world are still dependent on conventional ways of travelling. The pool of aged travellers is still shunning modern and customised travel marketing as they are ignorant to new technologies.

Key Segments Profiled in the Customisation and personalisation in Travel Market

By Service Type:

In-flight personalization
Cruise lines personalization
Adventure Travel
In-hotel personalization
Other personalization

By Mode of Booking:

OTA Platform
Offline

By Age Group:

Millennial
Generation X
Baby Boomers
Others

By Purpose:

Leisure
Business

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Veneer Sheets Market is Anticipated to Touch a Value of nearly US$ 41.16 Billion in the year 2031 | Says FMI Analyst

As per FMI analysis, the global veneer sheets market is projected to reach a market value of US$ 41,163 Mn by 2031, growing at a CAGR of 2.3% during the forecast period of 2021-2031. In a new study, FMI has forecast the market to reach US$ 33.37 Bn by 2021.

Steady growth registered by the veneer sheets market is attributable to consistently rising demand from commercial and residential construction. Growth forecasts continue to stay positive, albeit moderate because some of the established markets have been reaching maturity.

For instance, despite recovery post COVID-19 in 2020, Europe will continue exhibiting moderate growth through the forecast period. Veneer is a very thin coating used on the surface of the solid material. Veneer sheets are often glued to a solid material so that an otherwise dull piece of furniture can be made to appear elegant in a cost-effective manner.

Moreover, applying a layer of veneer increases the durability of furniture, which makes veneer sheets highly sought-after in the construction sector.

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Although the market for veneer sheets is projected to rise consistently, the COVID-19 pandemic is expected to have a major impact on short-term demand pattern. COVID-19 pandemic also has compelled manufacturers to revisit strategies adopted for expansion to ensure steady growth in the near future.

Also, delays caused in building projects and manufacturing process have contributed to a decline in demand for sheets of veneer. Nonetheless, with economies returning to normalcy post extended lockdown period, sales of veneer sheets are expected to pick up, especially in the residential sector, which has also been identified as leading end-use in the report. FMI has predicted it to account for nearly 65.5% of the market in 2021.

Key Takeaways from Veneer Sheets Market Study

Veneer sheet market will pick up pace post decline registered in 2020. FMI has projected the market to record 1.5% Y-o-Y growth in 2021
The U.S. will continue leading the market in North America, accounting for 80.9% share in 2021
The U.K. is projected to record growth at 1.0% in 2021
Germany and France will remain key markets for veneer sheets in Europe
Germany and France will continue exhibiting high demand, with Germany forecast to remain dominant in Europe through 2031
Japan and South Korea to remain lucrative markets in East Asia. Among these countries, South Korea will exhibit high growth over the forecast period

“Product differentiation is one of the key strategies adopted by the market players. They are focusing on introducing a wide range of veneer sheets, designed keeping in mind specific applications as per consumer requirement,” said a lead FMI analyst.

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Veneer Sheets Market: Participant Insights

Some of the leading companies operating in veneer sheets market are GREENLAM INDUSTRIES LTD., Sauers & Company Veneers, Oakwood Veneer Company, Veneer Technologies, Inc, FormWood Industries, Inc., Turakhia Overseas Pvt. Ltd., CEDAN INDUSTRIES, CENTURYPLY, Ltd, Herzog Veneers, Inc., Ltd, SR Wood, Ltd, Pearlman Veneers and Flexible Materials Incorporated. These companies are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

Key Segments

Product Type

Paper-Backed
Wood-Backed
Phenolic-Backed
Laid-Up
Others

End Use

Commercial
Residential

To Know More about Veneer Sheets Market

A new market research report published by Future Market Insights (FMI) on the global Veneer Sheets market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period.

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The report analyses the Veneer Sheets market through three different segments- product type, end-use, and region. The Veneer Sheets report also offers detailed analysis of pricing analysis by different product types demand across various end-use industries, and patent analysis in the market.

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Europe’s Golden Generation Travel Market to Achieve A High CAGR Of 4% During Forecast Period -2032

The Europe’s Golden Generation Travel Market is estimated to reach US$ 68 Bn in 2022. As per the report, sales are forecast to increase at a robust 4% CAGR, with the market valuation reaching US$ 88.81 Bn by 2032.

There is a rise in senior tourists in Europe’s tourism market. The travellers in the age group of 55 years and above are referred as the golden generation tourists.

This segment contains working as well as retired populations. Also, they have a decent spending capacity and time to travel. By virtue of which, the golden generation travellers account for a major share in the tourism market globally. These travellers travel for several purposes such as holiday, visiting friends or family or for medical reasons in some cases.

They also account for a major share in the outbound tourism market. The working group among the golden generation travel for business purposes too.

Moreover, there are several initiatives which are put in place by various countries in the EU. These initiatives improve the convenience of the travellers while providing additional financial support in some countries. The areas with the most cultural significance, natural beauty, and historical significance are the ones that Europe’s golden generation travels to the most. France, Spain, Germany, and Italy are the most travelled to countries. Austria, the United Kingdom, Turkey, Greece, Portugal, the Netherlands, Switzerland, Russia, and Poland are additional regions.

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“Senior travellers are likely to have higher disposable incomes, and have enough free time post-retirement to go for long trips. While they will look for travel options that which offers convenience and comfort while travelling” says an FMI analyst.

Key Takeaways:

By booking channel, the in-person segment is anticipated to hold a noteworthy share of nearly ~55%.
Based on packages, Europe’s Golden Generation travelers will continue to opt tour group deals over the normal travel deals.
By 2050, seniors will make up almost one-fourth of the world’s population. This suggests that they will spend more on travel in the future than all travellers from the younger generation put together.
Older travellers are concerned about their security, threats, and health safety due to some form of physical disability.

Impact of COVID-19 on the Market:

The epidemic and accompanying laws had the biggest negative impact on the tourism sector. People’s repetitive lifestyles had grown boring and wearisome. As a result, once the situation was under control, travel aficionados began to show up in big numbers. However, the lockdown also caused a significant drop in traveller income, forcing individuals to look for less expensive and more accessible forms of travel, including inexpensive lodging and inexpensive ways of transportation.

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Who is winning?

Leading players in the Europe’s Golden Generation Travel Market are Road Scholars, Globus, Intrepid Travel, Trafalgar, Smithsonian Journeys, Backroads, Overseas Adventure Travel, Elder Treks, Grand Circle Travel, Grand European Tours, and Colette Tours among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Europe’s Golden Generation Travel Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the Europe’s Golden Generation Travel Market by Tourism Type (Cultural Tourism, Culinary Tourism, Sports Tourism, Spiritual Tourism, Medical Tourism, Others) Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Package Traveller and Tour Group) – Forecast to 2017 – 2032

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Surfing Tourism Market to Achieve A High CAGR Of 6% During Forecast Period -2032

The global surfing tourism market hold a forecasted share of US$ 9.5 billion in 2022 and are expected to surpass US$ 17 billion by 2032, moving forward with a CAGR of 6% during the forecast period (2022-2032).

Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this sport needs excessive paddling which turns out to be a good core workout, offering surfers intense upper body exercise.

With an impeccable growing rate, surfing has become a prominent action sport in the world and emerged as one of the most progressive tourism industries in the world, positively influencing the surfing tourism market outlook.

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Key Takeaways

The option of surfing tourism is on the surge as it is considered a great stress reliever and a fun activity which helps in reducing the negative effects of stress.
The increasing inclination of many health-conscious enthusiasts towards participating in surfing has been attributed to the surging demand for surfing tourism.
While surfing the body gets in touch with sunlight delivering adequate vitamin D along with regulating the amount of calcium and phosphorus in the body. Backed by such health benefits surfing tourism market is witnessing exponential growth.
According to several medical studies, surfing also helps in improving the quality of sleep, reducing mental stress, and reshaping the seep cycle which is expected to drive growth in the surfing tourism market.
As per several medical studies, salt water is a natural healer of injuries and frequent contact with sea water can aid in the prevention of injuries both on and off the surfboard, catering to the growing demand for surfing tourism.
The United States has the largest market for surfing tourism, greatly contributing to the growing share of North America which is predicted to hold 20% of the surfing tourism market share.

Competitive Landscape

AGIT Global North America, Inc., AJW Surfboard Boardriders, Inc., Body Glove, BruSurf, CANNIBAL SURFBOARDS, Channel Islands Surfboards, Firewire Surfboards, LLC, Global Surf Industries, Globe International Limited, Gul Watersports Ltd., Harbour Surfboards, Hydenshapes, Infinity Surfboards Inc., JS Industries, Keeper Sports Products, LLC, Mt Woodgee Surfboards, Naish International NSP International, O’Neill, Rip Curl International Pty Ltd., Rusty Surfboards, Tahe Outdoors Ltd., Volcom, LLC are some of the key companies profiled in the full version of the report.

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More Insights into the Surfing Tourism Market

Some of the popular surfing destinations across the globe include Ulu Watu in Bali, Playa Grande in Costa Rica, Bundoran in Ireland, Jeffreys Bay in South Africa, Huntington Beach in California, and Bondi Beach in Sydney, Taghazout in Morocco, Arugam Bay in Sri Lanka and Biarritz, France. These places are anticipated to surge market growth immensely in near future.

The U.S. is anticipated to dominate the North American region by contributing approx. 20% in the global surfing tourism market.

The surfing tourism market trends and forecast is likely to be fueled by several surf parks in the United States that use artificial wave technologies.

Countries like New Zealand and Australia are expected to drive lucrative growth in the global surfing tourism market by contributing 33% of the market share during the forecast period.

The Surfing Federation of India, which organizes various events throughout the year, is hosting the Indian Open of Surfing 2022, which is expected to augur well for the Asia-Pacific surfing tourism market share.

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Turkey Medical Tourism Market – This is How Leading Companies Are Dominating the Global Market

The turkey medical tourism market which is valued at around US$ 3.5 billion in 2022, is anticipated to grow at a CAGR of 5%, and is expected to be valuated at nearly US$ 7.6 billion in 2032.

Turkey is fast becoming one of the major destinations for medical tourism dueto the low treatment prices as compared to other nations. A secure and safe environment, established hospitals, skilled doctors and right climate conditions are some of the factors that determine the potential of a medical tourism destination.

Turkey is known to be one of the best health care destinations because it provides world class certified staff, good hospitals and a tourist friendly environment. Some of the major treatments offered by well-known hospitals in Turkey include plastic surgery, dental treatment, cosmetic surgery, electric surgery, hair transplants, in-vitro fertilisation, eye surgery, cardiology and cardiovascular surgery, orthopaedics and traumatology.

There are two unique and imperative explanations behind individuals who travel abroad for medical purposes – high treatment costs in native country and seeking better nature of medicines. Turkey is known for its historical, cultural and natural beauty that attracts tourists to visit the country. Turkey comes first in the minds of patients who look for both medical treatment and holidays at the same time.

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Medical Tourism in Turkey: Trends and Analysis of Key Drivers

Medical tourism in Turkey offers a complete package including medical care, spas, thermal, and wellness services along with accommodation in luxury hotels. Turkey medical tourism offers one-stop administration that includes treatment duration, sorting out meetings with health care professionals and booking convenience etc.

High-quality medical care is available at reasonably low prices in Turkey. People prefer to go for medical treatments to Turkey, because of the highly skilled staff and doctors in private hospitals and clinics. Advanced medical technologies such as Cyberknife, Vinci surgery robot, real beam, PETCT, IGRT, MRI, and Gamma knife is used efficiently by private hospitals and clinics in Turkey and some hospitals are affiliated with the top U.S health institutions such as Harvard Medical School and John Hopkins Medicine.

The global financial crisis has played a significant role in increasing influx of medical tourists to Turkey due to the low-cost medical procedures and vacations in the country. Demand for cosmetic surgeries such as facial implants, skin resurfacing, nose, ear, eyelid and tummy tuck surgery, hip replacement, liposuction, breast lift, breast augmentation, breast reduction and chemical peel are increasing in Turkey due to the rise in the cost of such surgeries in Europe and North America.

The cost of many treatments is half in Turkey as compared to Western Europe and the U.S. Some of the hospitals that provide world class facilities and best treatment in Turkey include Anadolu Medical Center, Bayindir Hastaneleri Hospital and Guven Hospital. Further, Turkey has introduced tax-free health care zones with the main focus of attracting foreign medical tourists.

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Medical Tourism in Turkey: Restraints

However, medical tourists visiting Turkey find it difficult to communicate with locals and health care professionals at the time of their visit. People find it difficult to get the necessary information about good hospitals and skilled medical professionals and more legal framework and complex processes are involved here. Medical tourism facilitators enable the foreign travellers to overcome these challenges and act as a representative of the tourists in the destination throughout the treatment process.

Medical Tourism in Turkey: Top Cities

The three top most cities known for their health care facilities in Turkey are Istanbul, Ankara, and Izmir, offering one-stop services to a large number of patients coming from other countries beginning from the day of meeting with the health care professional to the day of departure.

Key Segments Profiled in the Turkey Medical Tourism Market Survey

By Booking Channel:

Phone booking
Online booking
In person booking

By Consumer Orientation:

Men
Women
Children

By Age group:

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

By Tour type:

Independent traveller
Tour Group
Package Traveller

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Sulfone Polymers Market is Reaching US$ 1,888.5 Million at a Gracious Rate of 5.0% by the year 2030

The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030.

According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030. Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics.

Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide.

For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2022 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

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Key Companies Profiled:

BASF SE
Mitsubishi Chemicals Holdings Corporation
Sumitomo Chemical Co., Ltd.
Solvay SA
SABIC
Sino Polymer
UJU New Materials Co Ltd.
Shandong Horan
RTP Company

Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

Sulfone Polymers Markey by Category

By Product Type :

Polysulfone
Polyethersulfone
Polyphenylsulfone

By End Use :

Automotive & Transportation
Healthcare
Electrical & Electronics
Consumer Products
Industrial Processing
Others

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More Valuable Insights on Sulfone Polymer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global sulfone polymer market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of end use (automotive & transportation, consumer products, electrical & electronics, healthcare, industrial processing, others), product type (polyethersulfone, polyphenylsulfone, polysulfone), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Polyimide and Imide Polymers Market: Polyimide polymers are derived from monomers of imide group, a functional group comprising two acyl groups. Imides are primarily employed in the manufacturing of high strength polymers for varied applications.

Construction Polymer Market: The global construction polymer market will garner a market valuation of US$ 229,076 Mn in 2022 and is predicted to expand at a CAGR of 6.8% and reach a net worth of US$ 298,384 Mn by the end of 2026.

Super Absorbent Polymers Market: Super absorbent polymers market sales will increase at 4.9% CAGR between 2021 and 2031. The market is set to benefit from increasing application across diverse industries. Among all, application in disposable diapers manufacturing will account for over 76% sales in 2021.

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Job Description Management Software Market is Expected to Reach a Valuation of US$ 1.3 Bn by 2032

The Job Description Management Software Market revenues was held at US$ 623 Mn in 2021 and is anticipated to grow at a CAGR of 7.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1.3 Bn.

Businesses are increasingly adopting cloud-based deployment solutions as a result of technological advancements. As a result, vendors are developing cloud-based job description management software. The demand for job description management software solutions and services has increased among small and medium-sized businesses due to benefits such as flexibility, cost-effectiveness, and mobility. Cloud-based services include data backup, data security, and system upgrades. As a result, as more corporations adopt cloud-based solutions, the market is expected to grow.

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As the IT and telecommunications industries have grown, so has the use of cloud-based job description software platforms. In 2018, around 50% of enterprises with more than 1,000 users in the United States used Cloud Access Security Broker (CASB) products to monitor and manage their use of software as a service and other forms of public cloud, according to the International Trade Administration. Due to its increased flexibility and scalability, cloud computing has become increasingly popular in recent years, providing businesses with a well-organized CMS platform.

Businesses and recruitment agencies are increasingly incorporating artificial intelligence (AI) into job description management software. AI-enabled job description management solutions can help businesses automate the recruitment process, increase the rate of quality hires, and cut down on time spent on mundane tasks. Additionally, AI technologies are responsible for lowering overall recruitment costs. As a result, the market for job description management software is expected to grow as AI adoption grows.

Competitive Landscape

Some of the prominent players in the global job description management software market inlcude Salary.com, Saba Software, Hierology, Insperity, Textio Hire, Human Resource Systems Group, JDXpert, and Hrizons LLC

Some of the key developments in Job Description Software Market include:

In March 2022, Hireology and JM&A Group partnered to assist dealers in recruiting and retaining top talent. Together, the two organizations will assist dealers in hiring qualified talent more quickly, maintaining appropriate job descriptions, and ensuring that their growth and development continues throughout their employment.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Job Description Management Software Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Job Description Management Software Market by Deployment Mode (Cloud-based & Web-based), by Enterprise Size (Large Enterprises, SMEs), By Application (IT and Telecom, BFSI, Government Offices, Manufacturing, Construction and Mining & Others) & across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Job Description Management Software Market Analysis

By Deployment Mode:

Cloud-based
Web-based

By Enterprise Sizes:

Large Enterprises
SMEs

By Application:

IT and Telecom
BFSI
Government Offices
Manufacturing
Construction and Mining
Others

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By Region:

North America
Latin America
Europe
APAC
MEA

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App Store Optimization Software Market is Predicted to Grow US$ 137.5 Billion by 2032 | FMI

The Global App Store Optimization Software Market was valued at US$ 22.7 Bn in 2021 and is expected to reach US$ 137.5 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, it is projected that revenue through the Social Media segment in the App Store Optimization Software Market will grow at 17.4% CAGR during the forecast period. Revenue through the Keyword Trackers category is projected to witness 17.2% CAGR in the next 10-year epoch.

North America will see continued revenue growth in App Store Optimization Software Market throughout the Analysis Period

Due to the existence of various new start-ups as well as established businesses, North America holds 2/5^th of the app store optimization software industry. The app store optimization market software will be valued at US$ 56.6 Bn by the end of the forecast year 2032.

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It is reasonable to assume that more numbers of North American app publishers will invest in tools and solutions for business expansion. Any structural changes to the app marketplaces are likely to have an impact on more than 385 thousand apps, both positively and negatively. It is highly possible that these apps have already chosen their keywords for optimization with care.

This means that the North American publishers are likely aware of the companies and will take the necessary action by implementing app store optimization software to decrease that challenge. As a result, North America holds enormous potential for growing its market.

App Store Optimization Software Market: Competition Insights

At present, App Store Optimization companies are largely aiming to bring policy reforms in their app stores and setting up collaboration for better market capture. The key companies operating in the App Store Optimization Software Market include Gummicube, App Annie, App Radar, Lab Cave, PreApps, Tune, Appfigures, SensorTower Inc., StoreMaven, TheTool, AppTopia, PrioriData, ASODesk, AppCodes, Mobile Action, AppTweak, SearchMan, Keyword Tool, appScatter, SplitMetrics, Reflection.io, RankMyApps, AppFollow, App Annie, Adjust GmbH, MightySignal, and KUMULOS.

Some of the recent developments by key providers of the App Store Optimization Software Market are as follows:

In August 2021, Apple unveiled new In-app Events in Worldwide Developers Conference, to be debut with the iOS 15 and iPadOS 15 updates. Users will be able to view future timely events through in-app events, which will be displayed in search results, on an app’s product page, and on the editorial tabs inside the iOS App Store.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the App Store Optimization Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Data Platforms, Keyword Trackers, Ranking Optimizing), By Application (Lifestyle, Social Media, Utilities, Gaming and Entertainment, News and Information, Others), across five regions (North America, Latin America, Europe, APAC and Middle East & Africa).

Key Segments Covered in App Store Optimization Software Market Survey

App Store Optimization Software Market by Type: