Surfing Tourism Market is Expected to Surpass US$ 17 Bn by 2032 | FMI

The global surfing tourism market is projected to reach at a 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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Glamping Market is Expanding at an Impressive 11.8% CAGR in 2032 | FMI

The glamping market size is projected to grow year-on-year by 10.4% in 2022. The market size will surpass US$ 3.4 Bn in 2022, expanding at an impressive 11.8% CAGR over the assessment period.

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

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

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

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

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

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

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

Key Takeaways:

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

Who is winning?

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

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

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Glamping Market By Category

By Type :

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

By Consumer Orientation :

  • Male
  • Female
  • Kids

By Age Group :

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

By Size :

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

By Region :

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

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Diving Tourism Market Valuation Surpassing US$ 5,281 Mn by 2032 | FMI

The global diving tourism market  to reach a valuation of US$ 2,940 Mn in 2022. Overall sales are projected to increase at a 6.0% CAGR, surpassing US$ 5,281 Mn by 2032.

The water adventure tourism industry has been able to reach out to individuals all around the world thanks to increased social media and advertising. Around 10-15% of international and 6-8 percent of domestic recreational dive & snorkelling visitors participate in dive training courses. One of the primary factors driving the industry is the availability of courses ranging from a basic introductory course to highly specialised advanced courses.

Water adventure tourism, often known as water-based tourism, is becoming increasingly popular across the globe. Technological developments and advancements in water sports equipment have a greater impact on individual safety, resulting in increasing involvement in water sports, broadening the scope of water adventure sports, and so benefiting the water adventure tourist sector.

Skilled professionals and instructors are on hand to assist and guide tourists, as well as teach knowledge and technical know-how on how to safely utilize underwater equipment (scuba diving and deep-sea diving).

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Consumers are increasingly interested in unique experiences such as wreck dives, cod holes, and minke whales, hence the feature dive sub-sector of the business is gaining traction. Smaller operators are more likely to provide these specialty dives, which are often only available for a limited time.

In addition, the companies are focusing on forming relationships with domestic tour operators in order to develop their business and obtain a competitive advantage.

Key Takeaways:

  • Based on diver type, the active diver segment is predicted to account for a dominant share of 45% in the market through 2032.
  • In terms of consumer orientation, the men segment held 60% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of 48%.
  • In terms of age group, demand in the 26-35 segment will continue gaining traction through 2032.
  • Demand in the South Asia diving tourism market will grow at 8.3% CAGR owing to increasing influx of diving tourists in Philippines.
  • Based on tour type, sales in the group tour segment will remain high over the forecast period.
  • The U.S. will emerge as a lucrative market in North America diving tourism market, registering 5.6% CAGR during the forecast period.

Impact of COVID-19 on the Diving Tourism Market

The desire for diving tourism has been decreased as a result of global shutdown restrictions. According to the United Nations World Tourism Organization, international tourist visits (overnight visitors) decreased by 70% from January to August 2020, compared to the previous year (UNWTO).

Dive facilities in cities witnessed a drop in retail sales as well as earnings from dive trips and classes for divers. Dive shops on the islands have lost over half of their trading season, which spans from March to October.

However, with resumption of diving and training programmes, the number of divers and dive students are predicted to increase. This is expected to propel the growth in the market over the forecast period.

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Who is winning?

Leading manufacturers of diving tourism are focusing on smart promotional strategies, advertisements, and new diving destinations to improve sales in the market.

Major players present in the diving tourism market are The Natural Travel Collection Ltd, PADI Travel, Dive The World, Fly & Sea Dive Adventures, World Dive and Sail International, Ultimate Dive Travel, Hidden Depths Dive Tours, Project Expedition, Scuba Travel, Bluewater Travel, Entrada Travel Group, Island Expeditions Company Limited, Pro Dive Cairns, Dive Adventures, Liveaboard Adventures, National Geographic Expeditions, Deep Blue Adventures, Caradonna Adventures, Advanced Diver Mexico, Asia Diving Vacation among others.

Global Diving Tourism Market by Category

By Diving Type:

  • Drift Diving
  • Deep Diving
  • Wreck Diving
  • Others

By Diver Type:

  • New Diver
  • Casual Diver
  • Active Diver
  • Professional Diver

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

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Bleisure Tourism Market Valuation Will Total US$ 2,967.1 Bn by 2032 | FMI

The bleisure tourism market  is projected to reach nearly US$ 497.5 Bn in 2022. As per FMI, the bleisure tourism market accounts for 30%-35% of the global business travel market. With demand increasing at a stupendous 19.5% CAGR, the market valuation will total US$ 2,967.1 Bn by 2032.

Employee engagement is a critical aspect in various organizations and leaders are looking for new ways to keep their employees happy and loyal to their company. One way to improve employee satisfaction is to improve corporate travel policies by including bleisure trips.

Furthermore, employees who use their vacation time to rest and recharge are more productive. According to a Forbes article, if employees took just one more day of paid leave each year, the U.S. economy would gain $73 billion in output, which will be beneficial for both employees and businesses. A bleisure trip can have a significant impact on employee morale and health, which in turn is encouraging companies to invest bleisure tourism.

Increased digitization of the tourism and corporate sectors, as well as increased adoption of the internet of things (IoT), which allows both travellers and travel operators to manage operations remotely, are predicted to boost market sales.

Besides this, the benefits offered by virtual reality (VR) technology, such as efficient and personalised customer experiences in the tourism sector will create opportunities for growth in the market.

Further, bleisure tourism market players are investing in various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services.

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As most potential customers have an online presence, hotels and resorts are promoting their services on social media platforms to improve sales. For instance, Bermuda launched “Work from Bermuda,” a certificate programme that invites visitors to work remotely from a scenic location.

Moreover, business travellers take their families with them on business trips. Taking cues from this trend, a world-famous hotel in Scotland has launched a children’s programme that includes a playroom, a country club, and participation in sporting activities. Such development will create a conducive environment for the market.

 “A combination of work and leisure or personal activities contributes to a better work/life balance. Bleisure trips are offering opportunities for travellers to learn more about the location and its culture. This, in turn, is helping to improve the quality of work done while also allowing for the formation of more meaningful business relationships. ” says an FMI analyst.

Key Takeaways:

  • Based on application, the corporate segment will account for a dominant share in the market over the forecast period.
  • By trip type, demand in the domestic trip segment will remain high through 2032.
  • In terms of tour type, the independent travelers segment will expand at a considerable pace over the assessment period.
  • Based on consumer orientation, sales in the male segment will continue gaining momentum.
  • By occupation, bleisure tourism among technology/IT/software professionals will gain traction.
  • Based on trip length, the 2 nights segment will emerge as the most lucrative segment.
  • By travel frequency, demand in the once in every 2-3 months segment will continue rising.
  • In terms of booking channel, the online booking segment will lead the market in terms of market share.
  • The U.S. will continue dominating the north America bleisure tourism market owing to growing focus on employee retention across various organizations.
  • China will continue witnessing high demand, accounting for a dominant share in the East Asia bleisure tourism market.
  • Sales in India will gain momentum on the back of increasing investments in the travel and tourism sector.

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Impact of COVID-19 on the Market

The COVID-19 outbreak has negatively impacted the bleisure tourism market. Almost all major business tours and MICE events around the world were cancelled because of the pandemic. Furthermore, due to travel restrictions, the widespread adoption of online video conferencing platforms such as Zoom and Google Meet is expected to compete with players operating in the global bleisure tourism market in the future.

Many firms are using video conferencing systems to satisfy their meeting and conference demands, and it is also being used as a cost-cutting technique to avoid pricey business trip expenses. COVID-19 has thereby changed the competitive landscape of the global leisure tourism business, with long-term implications.

Who is winning?

The players operating in the global business travel industry have adopted various developmental strategies to expand their market share, exploit the business travel market opportunities, and increase profitability in the market. Major players present in the bleisure tourism market are Airbnb. Inc, American Express Travel, Expedia Inc., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, The Priceline Group, Fareportal, Inc. (travelong inc.), Wexas Travel, Travel Leaders, The Global Work & Travel Co., JTB Business Travel, Prime Travels USA, GUNA Travel Germany, DER Touristik, CITS (China Business Travel & Fairs), China Tour Guide, Tuniu Corporation, FROSCH Travel and CT Business Travel

Global Bleisure Tourism Market by Category

By Application:

  • Corporate
  • Government

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Trip Type:

  • Domestic Trip
  • International Trip

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Philippines Tourism Market is Expected to Reach at a Valuation of US$30.4 Bn in 2032

The global philippines tourism market is projected to reach a valuation of US$ 10.8 Bn in 2022. Sales are projected to grow at 10.9% CAGR, with the market size reaching US $30.4 Bn by 2032.

There are several opportunities to explore natural wilderness in the Philippines. The Sierra Madre in Luzon and the Balbalasang-Balbalan National Park in Kalinga, for instance, are both rarely visited by tourists but provide thrilling trekking through dense rainforests and across dizzying peaks..

The conversion of airport terminals into global gateways has aided in the international tourism development of the country, with about 95–99% of visitors arriving by air. In recent years, the airports in Davao City and Iloilo City have been modernised, allowing direct charter flights from Singapore.

There are some spectacular volcano climbs in Bicol (Mount Mayon and Mount Isarog, for example), and dozens of national parks, heritage sites, wildlife reserves, and volcanoes in Mindoro, Palawan, and the Visayas. Mount Kanlaon, an active volcano in Negros, is one of the country’s most challenging climbs, while the neighboring Northern Negros Forest Reserve is a raw, mesmerizing scene of peaks, waterfalls, and fumaroles typical of the archipelago’s wilderness locations

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Meanwhile, Mactan-Cebu Airport, which has long handled both scheduled and charter flights from throughout East Asia, was set to begin long-haul flights in 2016, when three Philippine airlines were operating between Cebu and Los Angeles, California. Started walking.

In the near future, there will be more direct international flights to Cebu, Boracay and Davao. In addition, the country’s hospitality sector is increasingly focusing on the contactless payment trend. When contactless payments are allowed, customers save time by not having to sort through cash or try to enter their PIN.

The introduction of mobile payments has also made a wallet obsolete. The coronavirus outbreak has fueled the demand for contactless payments that reduce friction and improve customer experience. Offering contactless payment methods by many customers and employees may be perceived as a necessity rather than a luxury. As a result of the outbreak of COVID-19, many in the Philippine hospitality business have begun to employ contactless payment systems.

key takeaways:

  • On the basis of tourism type, the eco/sustainable tourism segment is estimated to account for 42% of the total market share in 2022.
  • From channel booking, the online booking segment is estimated to account for 51% of the total market share.
  • On the basis of tourist type, the domestic tourism segment will remain attractive till 2032.
  • In terms of age group, the 26-35 segment will continue to witness an uptick in sales.

Competition Scenario

The major players in Philippines tourism are focusing on promotional strategies and advertising of popular tourist destinations in the Philippines to improve sales in the market.

The major players present in the Philippines tourism market are Scorpio Travel & Tours Inc., Baron Travels, AsiaVenture Tours & Travels, Vansol Travel & Tours, Kapva Travel, Marksman Drysdale Travel Inc., Raja Tours Philippines, Atlas Tours & Travels Inc., Bridgeway. Travel & Tours, Harana Tours Corporation, Travel Related Incentive Programs & Services, Inc., TravelBest Travel & Tours, Ruxo Air Travel & Tours Inc., Goldensky Travel & Tours, Grandhope Travel Tours, Kesari Tours Pvt Ltd, Turismo-Filipino Inc. among others.

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Philippines Tourism Market by Category

By Tourism Type:

  • Cultural & Heritage Tourism
  • Medical Tourism
  • Eco/Sustainable Tourism
  • Sports Tourism
  • Wellness Tourism
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Age Group:

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

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

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Healthcare IT Outsourcing Market Trends, Demand, Growth, Revenue Analysis Report to 2032 – Report By FMI

Future Market Insights, in its latest business report, elaborates on the current situation of the global Healthcare IT Outsourcing market demand in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

The market study depicts an extensive analysis of all the players running in the Healthcare IT Outsourcing market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation.

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Further, the market strategies and mergers & acquisitions associated with the players are enclosed in the Healthcare IT Outsourcing market report.

Healthcare IT Outsourcing Market: Competitive Landscape

  • Tata Consultancy Services Limited,
  • Accenture PLC
  • International Business Machines (IBM) Corporation
  • Dell Inc.
  • Wipro Limited
  • Siemens Healthcare
  • Cognizant Technology Solutions
  • Optum, Inc.
  • Hewlett-Packard Company
  • HCL Technologies
  • McKesson Corporation
  • Allscripts Healthcare Solutions Inc.

Key Segments Of Healthcare IT Outsourcing Industry Survey

On the basis of end user, the global Healthcare IT Outsourcing market study contains:

  • Hospital Information Systems
  • Pharmaceutical and Life Science Research

On the basis of Application, the global Healthcare IT Outsourcing market report covers the key segments, such as

  • Insurance
  • Medical Device Software
  • Patient Tracking
  • Remote Monitoring
  • Telemetric Systems

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On the basis of Region:

North America Healthcare IT Outsourcing Market

Latin America Healthcare IT Outsourcing Market

Europe Healthcare IT Outsourcing Market

Asia Pacific Healthcare IT Outsourcing Market

Middle East & Africa Healthcare IT Outsourcing Market

What key insights does the Healthcare IT Outsourcing market research provide?

  • Historical and current year revenue of related Healthcare IT Outsourcing market players analyzed at the regional level.
  • One by one company profile of prominent stakeholders.
  • Analysis of the Healthcare IT Outsourcing market size on the basis of product type and end-use type.
  • Accurate Healthcare IT Outsourcing market forecast in terms of value and volume in numbers and percentages.
  • Demand prospect of each segment covered in the report.

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COPD Therapeutics Market to grow at a rate of 5.1% by 2022-2032 | Get Customized Reports

The COPD Therapeutics Market was valued at US$ 11,668.8 million in 2022 and is anticipated to reach US$ 20,127.7 million by 2032, growing at a CAGR of 5.1% during the projected period.

Chronic Obstructive Pulmonary Disease is a broad term used for defining progressive lung diseases like emphysema, refractory asthma, chronic bronchitis and some other forms of bronchiectasis. The symptoms of Chronic Obstructive Pulmonary Disease are so common that sometimes people fail to understand that they are suffering from Chronic Obstructive Pulmonary Disease and consider it as normal cold, cough and symptoms of aging. Symptoms are sometimes not even visible in the early stages of disease and the disease remains undiagnosed for a long time.

The symptoms of Chronic Obstructive Pulmonary Disease include wheezing, tightness in the chest, frequent coughing and increased breathlessness. Chronic Obstructive Pulmonary Disease can be treated using different types of drugs and therapies including oxygen therapy and pulmonary rehabilitation programs. In case of extreme severity of Chronic Obstructive Pulmonary Disease surgery is recommended which includes lung volume reduction surgery, lung transplant and bullectomy.

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According to the data of British Lung Foundation approximately 1.2 billion people were suffering from Chronic Obstructive Pulmonary Disease in the U.K. alone in 2011. Also according to the COPD Foundation approximately 30million Americans were suffering from Chronic Obstructive Pulmonary Disease in 2013.

Chronic Obstructive Pulmonary Disease is one of the leading causes of death worldwide. This data demonstrates the ever increasing demand of Chronic Obstructive Pulmonary Disease treatment worldwide and hence also shows the potential that the Chronic Obstructive Pulmonary Disease therapeutics market holds.

Chronic Obstructive Pulmonary Disease Therapeutics Market: Drivers and Restraints

The most important factors that are expected to drive the growth of the Chronic Obstructive Pulmonary Disease market includes the ever increasing number of cases of Chronic Obstructive Pulmonary Disease globally. Also the change in the lifestyle is responsible for increasing the habits like smoking and increase in the number of genetic disorders which in turn are responsible for raising the number of Chronic Obstructive Pulmonary Disease patients.

Other factors that can boost the revenue from the Chronic Obstructive Pulmonary Disease therapeutics market are rising expenditures on healthcare that is leading to the adoption of Chronic Obstructive Pulmonary Disease treatments in the emerging economies. Increase in the level of awareness has also lead to the early diagnosis of the Chronic Obstructive Pulmonary Disease so that people can go for the treatment of the disease.

Factors that can limit the growth of the therapeutic enzymes in the forecast period include the fact that not all the patients who are suffering from Chronic Obstructive Pulmonary Disease are aware of the fact that they are suffering from the disease and therefore do not go for the treatment of the disease.

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Also sometimes people get to know about their disease when the disease can’t be cured by only medication and therapies and surgery becomes mandatory. This factor can also lead to a slow growth in the revenue from the Chronic Obstructive Pulmonary Disease therapeutics market.

Chronic Obstructive Pulmonary Disease Therapeutics Market: Overview

Chronic Obstructive Pulmonary Disease therapeutics market is a growing market and is expected to see an even higher growth in the forecast period. Factors such as increase in the population suffering from Chronic Obstructive Pulmonary Disease worldwide and increasing awareness about Chronic Obstructive Pulmonary Disease are responsible for fueling the growth of the Chronic Obstructive Pulmonary Disease therapeutics market.

Betterment of the healthcare infrastructure in Asia Pacific and Middle East and Africa is also responsible for the revenue growth of the Chronic Obstructive Pulmonary Disease therapeutics market in the forecast period.

Chronic Obstructive Pulmonary Disease Therapeutics Market: Region-wise Outlook

Chronic Obstructive Pulmonary Disease therapeutics market is in its growth phase and hence this market is expected to see very high growth in the emerging economies like Latin America and Asia Pacific due to high population growth in these regions. North America Chronic Obstructive Pulmonary Disease therapeutics market is the most developed market in terms of revenue, followed by Europe. Middle East and Africa are also expected to see higher growth due to growing advancement in the healthcare infrastructure.

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Chronic Obstructive Pulmonary Disease Therapeutics Market: Key Market Participants

Some of the key participants of Chronic Obstructive Pulmonary Disease therapeutics market include: Pfizer Inc, Adamis Laboratories Inc., GlaxoSmithKline plc.

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

Chronic Obstructive Pulmonary Disease Therapeutics Market: Segmentation

Chronic Obstructive Pulmonary Disease therapeutics market can be segmented on the basis of components and end user.

On the basis of component

  • Drug Class
  • Bronchodilators
  • Steroids
  • Phosphodiesterase-4 inhibitors
  • Theophylline
  • Antibiotics
  • Delivery Systems
  • Oral
  • Inhalation

On the basis of end user

  • Hospitals
  • Private clinics
  • Out-patients

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Vertebroplasty And Kyphoplasty Devices Market expected to record a CAGR of 4.4% during the forecast period – Exclusive Report by FMI

During the projected period, the market for vertebroplasty and kyphoplasty devices market share is anticipated to grow at a CAGR of 4.4%.

Vertebroplasty & Kyphoplasty are minimally invasive, image guided surgical procedures performed to treat the Vertebral Compression Fracture (VCF). VCFs can lead to back pain, reduced physical activity, depression, loss of independence, decreased lung capacity, and difficulty sleeping. Bone cement is injected into the back bone (vertebra) to provide support to the broken bone.

Due to osteoporosis, vascular malformatins or, less commonly, cancer fractures can be caused in the vertebra. Vertebroplasty & Kyphoplasty help the patient to regain the functional abilities and avoid further vertebral collapse. Kyphoplasty is an advanced version of Vertebroplasty which can stabilize the fracture, restore heights and reduce deformities.

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Vertebroplasty & Kyphoplasty Devices Market: Drivers & Restraints

Vertebroplasty & Kyphoplasty devices market is growing due to limitations in the traditional techniques for the treatment of vertebral compression fractures. Vertebroplasty & Kyphoplasty are advanced procedure which result in pain relief, stabilization of the fracture and avoid “Downward spiral” of untreated osteoporosis. Due to increase in ageing population, patients suffering from osteoporosis are also increasing.

Additional benefits of the surgery which are the key drivers for this market are:

  • Short surgical time. Patient gets discharged in less than one day.
  • General anaesthesia required. No bracing required.
  • Patients can quickly return to the normal activities of daily living.

Complications like bleeding, infection post-surgery and chances of occurrence of another fracture are few restraints for the Vertebroplasty & Kyphoplasty Devices Market.

Vertebroplasty & Kyphoplasty Devices Market: Overview

Vertebroplasty & Kyphoplasty devices market is growing due to increased incidence of Vertebral Compression Fractures (VCF) occurring due to increase in the ageing population. VCF is a major issue in the western countries driving the market growth. Overall Vertebroplasty & Kyphoplasty devices market will grow globally, however the growth rate in Asia Pacific region will be more as compared to European and North American market.

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Vertebroplasty & Kyphoplasty Devices Market: Region-wise Outlook

Depending on geographic regions, global Vertebroplasty & Kyphoplasty market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region in Vertebroplasty & Kyphoplasty Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high contribution of healthcare to economy, patient compliance are the reasons for the high demand in North America. Europe has the second largest Vertebroplasty & Kyphoplasty Devices market due to vast technological advancement in terms of healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China.

Vertebroplasty & Kyphoplasty Devices Market: Key Players

Some of the key market players in global Vertebroplasty & Kyphoplasty Devices market are Depuy Synthes, Stryker Corporation, CareFusion Corporation, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medical Company, Medtronic, Inc., Globus Medical, Inc. and SOMATEX to name a few.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:

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

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

Key Segments

Based on surgery type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:

  • Vertebroplasty
  • Kyphoplasty

Based on product type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:

  • Vertebroplasty devices
  • Needle
  • Cement mixing and delivery devices
  • X- ray Device
  • Kyphoplasty Devices
  • Balloon
  • Needle
  • X- ray Device

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Briquetting Press Market 2022 New Technological Development Projecting Massive Growth till 2032

Briquetting press Market is a machine that uses massive pressure to squeeze feeding material into sticks or square blocks. It is also called as a briquette machine or briquette maker. A briquetting press is utilized around the globe for its irreplaceable advantages such as better waste management, cost-effectiveness, metal chip recycling, and better handling of residual materials.

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Furthermore, different types of materials are used as feeding materials in briquetting presses such as metals, wood, paper, plastics, biomass, etc. Briquettes of different materials have different applications and are used for residential, commercial, and industrial purposes.

Additionally, government regulations and support for the use of renewable energy sources and advantages of biomass briquettes over other fuels is increasing the demand for biomass briquettes in various end-use industries. This factor is expected to significantly drive the biomass briquetting press market.

However, low maintenance and long life span of briquetting press lead to a low substitution rate. Additionally, hydraulic and screw briquetting presses require high maintenance and initial investment to setup a briquetting plant. This factor is anticipated to hamper the growth of the briquetting press market over the forecast period.

Regional Outlook

The Asia Pacific region is projected to be a prominent region in the briquetting press market owing to the increasing demand from manufacturing industries for metal briquetting presses and biomass briquettes. Countries such as China, India, and Japan are expected to have significant growth in the briquetting press market due to the government initiatives for the use of renewable energy sources in the region. The increasing government regulations related to waste management and renewable energy sources such as biomass briquettes, in Europe, are projected to create demand for new briquetting presses in the region over the forecast period.

North America is expected to have significant growth in the briquetting press market owing to the growing production and consumption of biomass briquettes and the increasing demand for metal briquetting presses in different manufacturing and metal processing industries. Middle East & Africa and Latin America regions are anticipated to have promising growth in the briquetting press market over the forecast period.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia, & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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By Segment:

The briquetting press market can be segmented into product type, mode of operation, power supply, feeding material, end use, and region.

On the basis of product type, the global briquetting press market is segmented into:

  • Mechanical Briquetting Press
  • Screw Briquetting Press
  • Hydraulic Briquetting Press

On the basis of mode of operation, the global briquetting press market is segmented into:

  • Automatic
  • Semi-automatic
  • Manual

On the basis of power source, the global briquetting press market is segmented into:

  • Electric
  • Fuel

On the basis of feeding materials, the global briquetting press market is segmented into:

  • Metals
  • Wood
  • Biomass
  • Plastics
  • Paper

On the basis of end use, the global briquetting press market is segmented into:

  • Residential
  • Commercial
  • Industrial

A briquetting press is used to form briquettes from different types of materials. These are directly used in the boilers of sugar mills, paper mills, dyeing houses, leather and oil extraction plants, etc. They can also be used in furnace & foundries for heating & melting metal, brick kilns, as well as for residential & commercial heating purposes. Biomass briquettes are an eco-friendly and renewable power source and used as a fuel for many industrial purposes. The rising demand for briquettes from different end-use industries and sectors is projected to push the growth of the briquetting press market over the forecast period.

Market Participants

Some of the market participants in the global briquetting press market are:

  • WEIMA Maschinenbau GmbH
  • Metso Corporation
  • Ruf GmbH & Co. KG
  • Advance Hydrau-Tech Pvt. Ltd.
  • MA.FER MACCHINE Srl
  • F. Nielsen
  • PRODECO S.r.l.
  • IMABE Iberica, S.A.
  • Jay Khodiyar Group
  • Ronak Agrotech Engineering Pvt. Ltd.
  • Radhe Industrial Corporation
  • SMS group GmbH
  • LEHRA FUEL TECH PVT LTD
  • Fote Heavy Machinery Co., Ltd.

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

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Magnetic Stripe Readers Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The global magnetic stripe readers market is estimated to expand at a remarkable CAGR during the forecast period 2022-2032. Growing emphasis on contactless interfaces and enhanced security of personal identification cards has resulted in increasing the adoption of magnetic stripe embedded smartcards, which is in turn, bolstering the demand for magnetic stripe readers in the market.

Magnetic stripe readers, also called magstripe readers or magnetic card readers, are hardware devices that are able to read the information encoded in the magnetic stripe. It can also be used to access, validate, authenticate, and retrieve data or information stored in these stripes. As the deployment of magnetic stripe increases convenience and assist in enhancing identity management, it is extensively being used credit cards, identity cards, debit cards, loyalty cards, gift cards, and others.

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In addition, increasing incidence of corporate data thefts and mischiefs, these magnetic stripes are also being utilized in access cards to prevent the intrusion of unauthorized identity in secured premises such as banking institution, airports, and others. These cards are finding a wide range of applications across sectors such as banking, financial services, insurance, transportation, and retail sectors for usage in the execution of any transaction or any identity-based activities as well.

Thus, cards embedded with magnetic stripes are gaining enormous traction across all professional and commercial fronts by individuals and enterprises alike. As magnetic stripe readers are used to read, access, and authenticate the information encoded in the card, increasing adoption of these cards is projected to augment the sales in the global market.

What are the Challenges Faced by the Magnetic Stripe Readers Market?

Although magnetic stripe embedded card offers numerous benefits, relatively high cost of these cards, risk of getting the data encoded damaging presence of strong magnetic fields, and less durability are discouraging the use of magnetic stripe card, which is in turn, hindering the sales of magnetic stripe readers.

Also, increasing customer inclination towards using magnetic stripe embedded card alternatives such as biometric and smart cards, high initiation cost, and limited data storage capacity of magnetic stripe readers are other factors restraining the growth in the market.

Market Competition

Some of the leading players in the global magnetic strips readers market are Brush Industries, ID Tech, Jadak, Unitech, Xico Inc., Ingenico Group, Azkoyen Group, Posiflex, Magtek Inc., MUTEK Ltd, Verifone, Honeywell, Motorola, Neuron Electronics Inc., and Square Reader.

Attributed to the presence of such high number of participants and increasing product launches with advanced features, the market is highly competitive.

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Key Segments Profiled in the Magnetic Stripe Readers Market Survey

By Product Type:

  • Swipe based Magnetic Stripe Readers
  • Insertion based Magnetic Stripe Readers

By Readability Volume:

  • High Volume Magnetic Stripe Readers
  • Standard Volume Magnetic Stripe Readers

By Connectivity Type:

  • Wired Magnetic Stripe Readers
  • Wireless Magnetic Stripe Readers

By Application:

  • Point of Sales Terminals
  • Kiosk Terminals
  • Entry/Exit Control Systems

By End Use:

  • Food Service Institutions
  • Retail Store and Outlets
  • Family Entertainment Centers
  • Healthcare Facilities
  • Airport
  • Bus & Rail Transit Stations
  • Toll Collection Centers
  • Industrial
  • Banking and Financial Institutions

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Us

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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