Proton Therapy Market Global Industry Demand, Innovative, Research Report, Future Estimation And Forecast[2027]

The report titled “Proton Therapy Market: Global Demand Analysis & Opportunity Outlook 2027” delivers a detailed overview of the global proton therapy market in terms of market segmentation by product type, by application, by end-user, and by regions.         

The global proton therapy market can be segmented on the basis of product type, application, end-use. On the basis of product type, the market is segmented into multi room systems and single room systems. Based on application, the market is sub-segmented into brain cancer, gastrointestinal cancer, breast cancer, lung cancer, prostate cancer, pediatric conditions and others. On the basis of end use, the market is segmented into ambulatory surgical centers, specialized clinics and hospitals. The proton therapy market is widely inclined towards lung cancer and gastrointestinal cancer on account of increased adoption of this therapy by healthcare specialists in these fields. The proton therapy market is concentrating more on providing accurate results for treating cancer cells effectively which is anticipated to be the substantial factor behind the growth of the market in upcoming years.

The global proton therapy market is anticipated to expand at a CAGR of around 15.4 % during the forecast period i.e. 2019-2027. Increase in the consumption of tobacco and its various forms is expected to be the major factor behind the growth of the market. Further, rising expenditure in various ongoing developments in the field of healthcare sector and properties of proton therapy as a minimally invasive method which is effective in pediatric cancer treatments are some of the significant growth drivers responsible for the expansion of the market.

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By region, global proton therapy market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Among these regions, North America is expected to lead and dominate the global proton therapy market over the forecast period which can be attributed to increase in the population of cancer patients coupled with rising rate of tobacco consumption across the region. Further, Europe is expected to be in the second place as this therapy is extensively used due to the presence of high percentage of geriatric population across the region. In Asia Pacific, the increase in the target population is increasing at an exponential rate. Additionally, rising awareness among people and increased expenditure in healthcare sector is anticipated to boost the market growth in the Asia Pacific region

Advancement in Healthcare Sector to Augment the Growth of the Market

Rise in the healthcare sector and increased expenditure is expected to boost the growth of the market. Further, increased tobacco consumption coupled with rise in the cancer population are among the major factors that are supporting the growth of the market. Additionally, rising rate of geriatric population and minimally invasive properties of proton therapy are expected to augment the growth of the market over the forecast period.

However, the average cost of proton therapy ranges approximately from USD 30,000 to USD 1,20,000. The high cost associated with proton therapy in the treatment of cancer is anticipated to limit the growth of the market over the forecast period.

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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global proton therapy market which includes company profiling of key companies such as Hitachi, Mevion, Varian, Optivus, Mitsubishi, IBA, ProNova, Sumitomo and Elekta.The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global proton therapy market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.   

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About Research Nester-

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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Automotive Chain Sprocket Market Market Size Analysis By Growth, Emerging Trends, and Future Opportunities Till 2027

The report titled “Chain Sprocket Market: Global Demand Analysis & Opportunity Outlook” delivers detailed overview of the global open gear lubricant market in terms of market segmentation by type, by end use, by content, by manufacturing and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Global chain sprocket market is segmented on the basis of types into Standard Rolling, O Ring Chain and X Ring Chain; by Production type into Double duty automotive chain, Hunting tooth automotive, Skip tooth automotive, Gap tooth automotive, Draw Bench automotive and Segmental rim automotive; by application into Light commercial vehicle, Heavy Commercial vehicle, Passenger cars, Two wheelers and Others; by Sales type into OEM and Aftermarket. Global Chain Sprocket Market is anticipated to mask a significant CAGR during the forecast period i.e. 2019-2027.

Increasing demand for Sprocket in the regions of North America and Europe that is expected to drive the market. In coming days more-intense competition, new launches, retrofitting and renovation of old technology, increasing adoption of Sprocket will drive growth in global markets. By Chain type, the standard rolling chain segment, followed by O ring chain segment, will play an important role in generating motorcycle chain sprocket market revenue. Globally, the Sprocket industry market is low concentrate as the manufacturing technology of Sprocket is relatively matures than some products. And some enterprises, like Tsubaki, Martin Sprocket & Gear, SCS, Katayama, etc. are well-known for the wonderful performance of their Sprocket and related services. At the same time, Asia-Pacific, occupied 48.07% sales market share in 2016 is remarkable in the global Sprocket industry because of their market share and low cost of raw material and labor.

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Advanced and efficient design improvement

Car chain sprocket makers have been concentrating on creating improved assortment of structures. Originators of new car sprocket plans have been guaranteeing high efficiencies for their individual structures, as a feature of their showcasing procedure. Additionally, makers have been excited about item advancement so as produce progressively light weight car chain sprockets with a push to improve eco-friendliness. Better transmission, low clamor levels amid working, very nearly zero slippage concerning the car chain sprocket get together and utilization of prevalent evaluation materials in car chain sprocket items have been the center purposes of producers.

Electric Bikes and Tax on Luxury Items Continue to Strain Revenue

Government initiatives of introducing of electric vehicle aimed at controlling vehicular emission, could substantially restrict the demand for conventional two wheelers, and thereby chain sprockets used in such vehicles. China, being one of the largest markets for two-wheelers is aggressively promoting electric vehicles for transportation, considering its low cost, energy efficient, emission-free systems, and no license and registration.

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This report also provides the existing competitive scenario of some of the key players of the global chain sprocket market which includes company profiling of JT Sprockets, SCS, Katayama, Linn Gear, SKF, Renold, Renqiu Chuangyi, G&G Manufacturing, Allied Locke, Xinghua Donghua Gearand WM Berg.  The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global chain sprocket market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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Global Air Filtration Media Market to Grow by a CAGR of 7.44% During 2020-2028

According to the statistics by the World Health Organization (WHO), around 91% of the world’s population lives in places where air quality levels exceed the limits shared by the WHO. Moreover, around 4.2 million deaths every year are caused due to the various health complications associated with ambient air pollution.

Research Nester, in its repository of market research reports, recently added a report titled “Global Air Filtration Media Market” which focuses on the latest market trends, opportunities, growth drivers, and the challenges that are associated with the growth of the market during the period 2019-2028.

Air pollution is known to be the 4th largest threat to human health, and its burden tends to be greater across both low- and middle-income nations.  According to the Environmental Protection Agency (EPA) of the United States, the major sources of emissions of air pollution are from stationary fuel combustion sources, industrial & other processes, and highway vehicles among others. In a statistical data by the EPA, in the United States in the year 2017, industrial and other processes contributed to 95.3% of the NH3 emissions, 74% of the VOC, 49.9% of the direct PM10, and 39.8% of the direct PM2.5. Highway vehicles, on the other hand, contributed to 37.7% of the CO emissions, and 31.8% of the NOx emissions. Moreover, stationary fuel combustion constituted 70.8% of the SO2 emissions, 44.4% of direct PM2.5, 33% of direct PM10, and 28.9% of NOx respectively.

The global air filtration media market is anticipated to grow on account of the growing industrialization worldwide, and the need to control the emissions arising from the industries. Moreover, owing to the increasingly stringent norms of the government to curb air pollution, there is a rising demand for different types of industrial air filters amongst the industries so as to regulate their emission levels, which in turn is anticipated to drive the market growth. The market, which registered a revenue of USD 3621.2 Million in 2019, is anticipated to grow with a CAGR of 7.44% during the forecast period, i.e., 2020-2028, and further reach USD 6956.9 Million by the end of 2028. The market is also anticipated to grow on account of the increasing adoption of HVAC systems, and air purifying systems in commercial and residential settings, along with the growing advancements in air filtration media products. The global air filtration media market is further projected to reach USD 4242.1 Million by the end of 2021.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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Based on geography, the global air filtration media market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Out of these, the market in the Asia Pacific is anticipated to hold the largest market share of 42.0% in the year 2028 and grow with the highest CAGR of 9.01% during the forecast period. The growth of the market in the region can be attributed to the presence of several countries, such as India, Pakistan, China, and others, where the volume of air pollutants is often very high. In other statistics by the WHO, South Asia had the highest level of PM2.5 air pollution in 2017 as compared to other regions. In the year 2000, PM2.5 air pollution in the region was 78.9 micrograms per cubic meter, which increased to 82.9 micrograms per cubic meter in the year 2017. The statistics also stated that Nepal and India in South Asia were registered among the top ten countries with the highest mean exposure to ambient pollution. The market in the region is further projected to reach USD 1609.5 Million by the end of 2021. The Asia Pacific air filtration media market is segmented by country into China, Japan, India, Australia, South Korea, South East Asia, and the Rest of Asia Pacific, out of which, the market in China is projected to register the largest revenue of USD 1720.6 Million by the end of 2028. On the other hand, the market in the region is segmented by filter type into activated carbon, nonwoven fabrics, electrostatic filter, fiberglass, and others, out of which, the activated carbon segment is projected to hold the largest market revenue of USD 841.7 Million by the end of 2021. The Asia Pacific air filtration media market is also segmented by grade into HEPA, MERV, ULPA, and others, out of which, the MERV segment is anticipated to grow with the highest CAGR of around 10% during the forecast period.

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On the other hand, the market in North America is anticipated to attain a market revenue of USD 1134.1 Million by the end of 2021 and further grow by a CAGR of 6.25% during the forecast period. Increasing awareness amongst the individuals in the nation for the diseases caused due to air pollution, along with rise in initiatives for regulating the emission levels are some of the major factors anticipated to drive the market growth. The market in the region is further segmented by country into the United States and Canada, out of which, the United States air filtration media market is projected to grow with the highest CAGR of 6.37% during the forecast period. The North America air filtration media market is also segmented by media type into spunbond, needlefelt, meltblown, wet laid, and others, out of which, the meltblown segment is anticipated to grow with the highest CAGR of 7.83% during the forecast period. The market in the region is also segmented by reusability into washable/reusable and disposable, out of which, the disposable segment is anticipated to register the largest market revenue of USD 703.40 Million by the end of 2021.

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The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

The global air filtration media market is segmented on the basis of filter type into activated carbon, nonwoven fabrics, electrostatic filter, fiberglass, and others. Out of these segments, the activated carbon segment is projected to hold the highest market share and attain revenue of USD 1947.9 Million by the end of 2021. The segment is also anticipated to grow with the highest CAGR of 8.30% during the forecast period. The global market is also segmented by application into HVAC, air purifier, automotive & transportation, face mask, and others, out of which, the automotive & transportation segment is anticipated to hold the largest market share and attain revenue of USD 2869.8 Million by the end of 2028. The HVAC segment, on the other hand, is anticipated to grow with a CAGR of 7.89% during the forecast period.

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India and Neighboring Countries PoC Molecular Diagnostics Market to Touch USD 6432.57 Million by 2026

According to the statistics by the World Bank, the share of total number of deaths caused due to communicable diseases and maternal, prenatal and nutritional conditions in the year 2019 in India, Bangladesh, Pakistan, Maldives, and Sri Lanka recorded to 24.166%, 22.613%, 33.148%, 8.159%, and 9.47% respectively. Moreover, in 2019, the World Health Organization (WHO), in one of its statistics, stated that the lower-middle-income countries, had the most disparate top 10 leading causes of death; 4 communicable, 5 non-communicable, and 1 injury.

A report titled “India and Neighboring Countries PoC Molecular Diagnostics Market” has recently been published by Research Nester which is studied for the forecast period 2021-2026. The report on the market provides a detailed assessment on the growth drivers, along with the latest trends, opportunities, and the challenges that are associated with the growth of the market over the forecast period. In addition, the report also covers risk analysis, average price analysis, along with the impact of COVID-19 on the market growth.

India is a highly populous country whose population, according to the statistics by the World Bank, grew from 1.057 billion in 2000 to 1.366 billion in 2019. According to the statistics by the United States Census Bureau, India is the second most populous country in the world. Additionally, Pakistan and Bangladesh took the fifth and eighth position respectively. The neighboring countries of India, namely Pakistan, Bangladesh, and Sri Lanka registered a population count of around 215 million, 163 million, 21 million respectively. Amidst the growing population in these countries, there is a rising concern for the burden of infectious diseases which is raising the need for rapid diagnosis and testing. According to the report titled “World Health Statistics 2021” of the WHO, two thirds of the global tuberculosis burden were concentrated in eight countries, with highest burdens in India, Indonesia, Pakistan, Bangladesh, Nigeria, China, the Philippines, and South Africa. Further, the government of the nations are increasingly focusing on to develop their healthcare infrastructure, by raising the total healthcare investments. For instance, according to the statistics by the Organisation for Economic Cooperation and Development (OECD), health spending as a share of GDP in India increased from 3.25% in 2011 to 3.60% in 2017.  Such factors are estimated to help drive the growth of the market by a CAGR of 16.34% during the forecast period, i.e., 2021-2026. Further, the rising concern for the spread of the coronavirus in these nations, is also driving the need for several molecular diagnostics, thereby create opportunities for the market growth. In other statistics by the WHO, confirmed coronavirus cases from January 3, 2020 to June 21, 2021 in India, Bangladesh, Pakistan, Maldives, and Sri Lanka were 29.93 million, 0.85 million, 0.95 million, 0.07 million, and 0.24 million cases respectively. The market garnered a revenue of USD 1672.94 million in 2019 and is further projected to reach USD 6432.57 million in 2026. By the end of 2021, the market in these countries is expected to reach USD 3019 million.

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Based on geography, the India and neighboring countries PoC molecular diagnostics market is segmented into India, Bangladesh, Pakistan, Sri-Lanka, Nepal, and Maldives. Out of the market in these countries, the market in India is expected to hold the largest share of the market and gain a revenue of USD 5323.40 million by the end of 2026. The market in the country is also expected to grow with the highest CAGR of 17.29% during the forecast period. Increasing focus of the Government of India in terms of numerous health initiatives for its citizens, especially for people with low income, followed by the rise in funds allocated for improving healthcare system, and the increasing availability of doctors in the country, are some of the factors projected to boost the market growth in the coming years. According to the statistics by the Indian Brand Equity Foundation (IBEF), the healthcare market in India is expected to reach USD 372 billion by 2022. Further, the government allocated funds worth USD 4.80 billion for COVID-19 vaccines in its Union Budget 2021. Additionally, the number of recognized medical doctors grew from 827,006 in 2010 to 1,255,786 in September 2020.

The India PoC molecular diagnostics market is segmented by end user into hospitals, clinics, diagnostic labs, research & academic institutes, and others. Out of these segments, the clinics segment in the country is expected to gain the largest share of the market and is estimated to gain a revenue of USD 904.23 million by the end of 2021. The segment in the country is further expected to grow with the highest CAGR of 18.36% during the forecast period. Further, on the basis of product type, the market in the country is segmented by kits & assays, analyzers, and software & services, out of which, the kits & assays segment in hospitals is expected to gain the largest revenue of USD 365.11 million by the end of 2021. The segment is further expected to attain a revenue of USD 801.07 million by the end of 2026

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Besides this, the PoC molecular diagnostics market in Pakistan is expected to attain a revenue of USD 299.33 million by the end of 2021, backed by the increasing focus of the Government of Pakistan to improve the medical facilities in both the private and public healthcare sector, as well as the increasing burden of several infectious diseases in the nation. Moreover, increasing availability of medical professionals in the country is also expected to boost the market growth. According to the statistics by the Pakistan Medical Commission (PMC), in June 2021, the nation had 281072 number of doctors, out of which, 252336 doctors had a MBBS degree.

The Pakistan PoC molecular diagnostics market is segmented on the basis of technology type into PCR, DNA microarray, isothermal amplification, genetic sequencing, hybridization, and others. Out of these, the PCR segment in hospitals is expected to gain the largest revenue of USD 41.52 million by the end of 2021. The segment is also expected to grow with the highest CAGR of 13.02% during the forecast period.  Further, based on product type, the market is segmented into kits & assays, analyzers, and software & services. Out of these, the kits & assays segment in clinics is expected to hold the largest market share and further touch a market revenue of USD 59.48 million by the end of 2021. The segment is further expected to reach USD 119.34 million by the end of 2026.

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The India and neighboring countries PoC molecular diagnostics market is segmented by end user into hospitals, clinics, diagnostic labs, research & academic institutes, and others, out of which, the clinics segment is expected to hold the largest market share and further grow with the highest CAGR of 17.33% throughout the forecast period. The segment is further expected to reach USD 1153.81 million by the end of 2021. The market is also segmented by application into respiratory disease, infectious disease, oncology, STDs, prenatal testing, haematology, hepatitis, and others. Out of these, the infectious disease segment in research & academic institutes is expected to hold the largest share of the market and is further anticipated to gain a revenue of USD 44.12 million by the end of 2021. The segment is also expected to touch a revenue of USD 91.97 million by the end of 2026.

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Japan Cleanroom Gloves Market to Grow by a CAGR of 11.94% throughout 2019 – 2025

According to the statistics by the World Health Organization (WHO), the total confirmed cases of coronavirus in Japan between the period 3rd of January 2020 and 24th of June 2021 were 789,440. To stop the spread of the coronavirus, the government of the country has approved a budget of around USD 1 trillion for the fiscal year beginning 1st of April 2021.

Research Nester published a report titled ‘Japan Cleanroom Gloves Market’ which is segmented on the basis of material, usability, distribution channel, ISO equivalent, industry vertical, and by region. The research study provides a detailed analysis of the prominent growth drivers, opportunities, challenges and latest insights associated with the growth of the market.

The COVID-19 pandemic has undoubtedly created numerous challenges to the existing healthcare system of both developed and developing countries worldwide where Japan is nowhere an exception. Backed by the growing hospitalization of patients owing to the spread of coronavirus, along with the increasing vaccination drives, there is a rise in demand for medical supplies, which is anticipated to drive the growth of the Japan cleanroom gloves market. In other statistics by the WHO, a total of 15,605,278 vaccine doses had been administered as of June 5, 2021. The Japan cleanroom gloves market garnered a revenue of USD 77,866.32 thousand in the year 2018, and it is further estimated to rise up to USD 171,067.86 thousand by the end of 2025 by growing at a CAGR of 11.94% over the forecast period, i.e., 2019 – 2025. The market is also expected to grow on account of the growing number of industries in the country, where gloves are used massively for the safety of the laborers. According to the U.S. International Trade Administration, Japan is known to have the 3rd largest electronic products industry in the world. Moreover, the total sales of semiconductors in the country reached a value of USD 35,993 million in 2019.

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In addition, increasing growth in the expenditure in the healthcare sector in Japan is also estimated to drive market growth in the upcoming years. According to the statistics by the Organisation for Economic Co-operation and Development (OECD), in 2018, the total health expenditure in Japan reached 10.9% of its GDP. The value is further evaluated to reach 12.1% by the year 2030. Further, the demand for gloves in the healthcare industry is expected to grow significantly over the coming years.

Japan is known to have the highest proportion of elderly citizens when compared to any other country in the world. According to the statistics by the World Bank, the share of the population aged 65 years and above out of the total population in Japan grew from 16.984% in the year 2000 to 28.002% in the year 2019. With the growing elderly population, the demand for healthcare services would also increase, which is expected to drive the need for medical supplies. Moreover, Japan is also known to have numerous hospitals, which is also anticipated to contribute to the growth of the market during the forecast period. In other statistics by the OECD, Japan recorded to have the highest number of hospital beds, recording a total of 13.0 per 1000 inhabitants in the year 2018.

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However, improper disposable of cleanroom gloves and the growing use of robots in medical sector are some of the challenging factors that are projected to hamper the market growth in the near future.

Based on regional analysis, the Japan cleanroom gloves market is segmented into eight major regions, including Hokkaido, Tohoku, Kanto, Chubu, Kinki/Kansai, Chugoku, Shikoku, and Kyushu. Amongst the markets in these regions, the market in Tohoku is estimated to acquire the largest revenue of USD 35,411.05 thousand in 2025, up from USD 14,138.01 thousand in 2018, by growing with the highest CAGR of 14.06% over the forecast period. In 2021, the market in this region is expected to generate a value of USD 20,843.66 thousand. The growth of the market in Tohoku region during the forecast period can be attributed to the presence of renowned medical institutes and rising R&D activities associated with the development of healthcare technologies. Apart from these, the increasing number of COVID-19 vaccination drives conducted in Tohoku’s University public healthcare sector is also anticipated to fuel the demand for cleanroom gloves in the coming months.

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On the basis of material, the Japan cleanroom gloves market is segmented into nitrile, natural rubber, vinyl, latex, neoprene, and others, out of which, the nitrile segment is projected to hold the largest revenue of USD 77,501.70 thousand in 2025, up from USD 33,192.43 thousand in 2018. The segment is further expected to garner a value of USD 47,485.68 thousand in 2021. The market segment is also assessed to grow with the highest CAGR of 12.92% during the forecast period owing to the numerous benefits of nitrile gloves such as high strength, durability, and exceptional chemical and puncture resistance properties as compared to other types of cleanroom gloves. Furthermore, the market is also segmented by usability into disposable and re-usable, out of which, the disposable segment is expected to occupy the largest revenue throughout the forecast period. Alternatively, the re-usable segment is expected to grow with the largest CAGR of 12.78% during the forecast period.

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GCC Outbound Travel and Tourism Market to Witness Soaring Growth over 2019-2028

According to the statistics by the UN World Tourism Organization (UNWTO), in the year 2017, per-capita international tourism expenditure from the GCC was 6.5 times more than the worldwide average. On the other hand, according to the statistics by the World Bank, international tourism expenditure in Saudi Arabia, Qatar, and Kuwait, in the year 2019 was recorded to be USD 16.415 billion, USD 12.528 billion, and USD 17.131 billion respectively. Further, this expenditure in the United Arab Emirates (UAE) grew from USD 18.004 billion in 2018 to USD 33.372 billion 2019.

Research Nester published a report titled “GCC Outbound Travel and Tourism Market” that presents detailed synopsis of the outbound travel and tourism market of Saudi Arabia, UAE, Qatar, and Kuwait. The report focuses on the latest market trends, opportunities, growth drivers, and restraints associated with the market growth over the period 2019-2028.

The travel and tourism industry in the GCC nations has witnessed massive growth over the past few years. This growth can primarily be attributed to the growing income of individuals in these nations, along with the rising need among individuals for travel related to businesses, leisure, or religious purposes to different countries around the globe. In other statistics by the World Bank, the gross national income (GNI) per capita in Saudi Arabia, United Arab Emirates, and Qatar grew from USD 19,990, USD 39,290, and USD 56,920 respectively in the year 2017 to USD 22,840, USD 43,470, and USD 61,180 respectively in the year 2019. Further, in Kuwait, this increased from USD 31,400 in 2017 to USD 36,290 in 2019. The GCC outbound travel and tourism market is estimated to grow with a significant CAGR over the forecast period, i.e., 2021 – 2028. The market in Saudi Arabia is estimated to garner a revenue of USD 27,030.19 million by 2028, up from USD 15,100.83 million in the year 2019 by growing at a CAGR of 18.21% over the forecast period. Further, the market in the UAE, which attained a value of USD 19,448.49 million in 2019, is further expected to reach USD 30,484.37 million by 2028, by growing at a CAGR of 18.73% during the forecast period. Moreover, the Qatar outbound travel and tourism market is projected to grow by a CAGR of 18.66% over the forecast period and further gain revenue of USD 3989.34 million by 2021. The market in Kuwait, on the other hand, is anticipated to generate substantial revenue of USD 17,392.50 million by 2028, by growing at a CAGR of 18.40% over the forecast period.

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Regionally, the Saudi Arabia outbound travel and tourism market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa, out of which, the Europe segment, is estimated to garner the largest revenue of USD 13,161 million by 2028. In the year 2019, the market was valued at USD 7,361.7 million. The growth of the market can be attributed to the increasing leisure travel to European countries, as Saudi Arabia experiences extremely warm temperatures in the summer, and people prefer the colder climate for vacations. In other statistics by the UNWTO, interregional arrivals in the Europe Union from the Middle East is expected to grow by 2.6% a year by the end of 2030. On the other hand, the UAE, Qatar and Kuwait outbound travel and tourism markets are segmented on the basis of region, into Saudi Arabia, United Kingdom, Germany, Italy, Switzerland, United States, India, Australia, Malaysia, Singapore, South Africa, and rest of the World. Out of these, in the UAE, the Saudi Arabia segment is estimated to record the largest revenue of USD 3551.1 million in 2021, and further reach a value of USD 11,410.3 million in 2028 owing to the increasing business travels amongst the two countries. Further, in Qatar, the Saudi Arabia segment registered the largest revenue of USD 3919.9 million in the year 2019, and is expected to grow by the highest CAGR of 19.01% during the forecast period. Moreover, in Kuwait, the United States segment is expected to grow with a significant CAGR of 18.43% throughout the forecast period.

Based on age group, the market is segmented into generation Z, millennials, generation X, and baby boomers. Out of these, the generation X segment is expected to garner the major market share in all the countries. In the Saudi Arabia outbound travel and tourism market, the generation X segment is estimated to attain a revenue of USD 3,458.2 million by 2021. Further, in the UAE, the segment is anticipated to touch USD 18190 million by 2028. Furthermore, in Qatar, the same segment is anticipated to grow with the highest CAGR of 19.25% throughout the forecast period and attain USD 6989.4 million in terms of revenue by 2028. Alternatively, in Kuwait, the segment is estimated to garner USD 2890.1 million by the end of 2021.

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The GCC outbound travel and tourism market is also segmented on the basis of duration, tourism type, booking method, and spent type.

 GCC Outbound Travel and Tourism Market, Segmentation by Duration

• Less than 7 Days
• 7-30 Days
• 1-6 Months
• More than 6 Months

GCC Outbound Travel and Tourism Market, Segmentation by Tourism Type

• Leisure
• Religious
• Cultural Tourism
• Medical Tourism
• Sports & Adventure
• MICE
• Others

GCC Outbound Travel and Tourism Market, Segmentation by Booking Method

• Offline
  • Travel Agency Outlet
  • Airlines
  • Others
• Online

GCC Outbound Travel and Tourism Market, Segmentation by Spent Type

• Air Tickets
• Hotels
• Insurance
• Others

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Some of the major industry leaders mentioned in our report that are associated with the GCC outbound travel and tourism market are the major airlines, hotel chains, travel agencies, travel insurance companies, and others.

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Europe Tamarind Gum Market to Grow up to USD 15.8 Million by 2028

The purchase of bread by private households in Germany in the year 2020 grew by around 4% from the previous year to reach close to 1.7 million tons. Moreover, the average amount of bread purchased per household was close to 38kg in the same year.  On the other hand, the export of food and drinks in the European Union over the last decade has doubled, accounting to approximately 105 Billion.

Research Nester published a report titled ‘Europe Tamarind Gum Market’ which offers a detailed description of the latest market trends, growth drivers, opportunities, and the challenges associated with the growth of the market in the forthcoming years. The report also contains comprehensive insights adopted by key market players to enhance their performance in this competitive landscape.

The food culture in the European countries majorly includes the utilization of different types of ketchup and sauces. Also, the consumption of baked food items, meat products, and other instant foods in the region has also grown significantly over the years. Tamarind gum is widely utilized in the manufacturing of such food products. Backed by the growing demand for food products in the region, the Europe tamarind gum market is projected to attain a market revenue of USD 15.8 million by the end of 2028 by growing with a CAGR of 7.7% during the forecast period, i.e., 2020-2028.

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Tamarind gum powder is widely used in pharmaceutical applications. According to the statistics by the European Federation of Pharmaceutical Industries and Associations, the growth in production sector in the pharmaceutical industry in the region was around USD 298000 million in 2018, up from about USD 119000 million in 2000. Amongst all the end-use sectors, the pharmaceutical sector is a major consumer of tamarind gum as the product plays an essential role in disease treatment and drug development. Europe is witnessing progression of several major health implications such as arthritis, high blood pressure, cancer and cardiovascular diseases. As per the National Health Service (NHS), in the U.K., more than 10 million people suffer from arthritis. In addition, another report from the same source stated that 1 in 2 people in the region will develop some form of cancer in their lifetime. Moreover, with the openness of the people in this region to try alternative treatment methods, the demand for organic medication is assessed to witness notable growth in the near future. Apart from these factors, there is a rapid increase in the sales of natural cosmetics along with high requirement for natural products such as tamarind gum in the personal care & cosmetics industry in Europe for the production of lotions, balms, creams and other skin care products. CBI, the Centre for the Promotion of Imports from developing countries stated that in 2018, natural cosmetic products contributed to around 10% of total cosmetic products sold in Germany.  The total sales value of natural and organic cosmetics market in the region was estimated at around USD 1.48 billion in the same year. Furthermore, the recent government approval for the utilization of tamarind seeds powder in the cosmetics industry is further evaluated to benefit the use of the product in this industry. 

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The market is also expected to grow on the back of the growing pet food industry in the region. According to the statistics by the European Pet Food Federation (FEDIAF), pet food sales worth 8.5 billion tonnes was registered in the year 2019. The statistics also stated that 85 million households in the region owned a pet. Furthermore, tamarind gum has been used extensively in place of guar gum in recent years owing to its cost-effectiveness during manufacturing processes, which is also anticipated to contribute to the market growth.

However, the COVID-19 outburst, which resulted in factory shutdowns and disruption of the supply chain processes all around the world, has massively impacted the imports of goods in the nation, which according to the European Commission witnessed fall from around USD 162 billion in March 2020 to USD 136 billion in the month of April of the same year. Further, dip in retail sales in Europe, owing to the coronavirus pandemic, has also negatively impacted the industries that utilize tamarind gum. In other statistics by the European Commission, due to this crisis, in 2021, the total retail sales from March to April in the European Union decreased by 3.1%.

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The Europe tamarind gum market is segmented by countries into Denmark, Germany, Italy, France, Netherlands, Norway, Poland, Spain, Switzerland, United Kingdom, and Rest of Europe. Among these countries, the Germany held the largest market (34%) for tamarind gum, followed by Norway and Netherlands. Moreover, the market in France also offers ample growth opportunities to the market owing to the strong presence of cosmetic manufacturers and increasing sales of natural cosmetics in the nation. For instance, more than 55% of French women purchased organic cosmetics in 2018, an up from 30% in 2010.

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Some of the major industry leaders mentioned in our report that are associated with the Europe tamarind gum market are The Mysore Starch Manufacturing Company, Adachi Natural Polymer Limited, Premcem Gums Private Limited, Qingdao Libangda Marine Technology Co., Ltd., DSP Gokyo Food & Chemical Co., Ltd., Mahesh Agro Food Industries, Hindustan Gum & Chemicals Ltd., Chhaya Industries, JD Gums & Chemicals, and others.

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