Category: Press Release

Evolve Business Intelligence has published a research report on the Global MICE Tourism Market, 2021–2030. The global MICE Tourism market is projected to exhibit a CAGR of around 26.1% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has documented the following companies as the key players in the global MICE Tourism market are Access destination services, 360 destination group, BCD group, ATPI Ltd, BI worldwide, Cievents, Conference care ltd, Carlson Wagonlit Travel, Creative Group Inc, ITA Group, IBTM, Meetings & incentives worldwide Inc, Maritz, One10, The Interpublic Group Of Companies Inc, The Freeman Company.

Market Highlights

The global MICE Tourism market is projected to be valued at USD  1,638.78 Billion by 2030, recording a CAGR of around 26.1% during the forecast period. The MICE in the context of travel is an acronym for meetings, incentives, conferences, and exhibitions. Meetings, incentives, conferences, and exhibits are all abbreviated as MICE in the tourism industry. MICE tourism is defined as the tourism dedicated to arranging, scheduling, and organizing conferences, seminars, other business events, and it is the tourism industry’s largest income source.

The MICE market is multifaceted, consists of various participants, planners, sponsors, convention and visitor bureaus, meeting venues, lodgings, and suppliers who are all engaged in the planning and implementation of an event. The industry provides simple and convenient methods for planning events, and also assistance in selecting the appropriate location, which is the foundation of a successful event. Due to the rapid globalization and expansion of service sectors, and the continual evolution of scientific and technological breakthroughs, the corporate market in the tourism industry has seen exponential growth.

Full Report Access: https://evolvebi.com/product/mice-tourism-market-analysis-and-global-forecast-2020-2030-with-covid-impact-analysis/

The COVID-19 pandemic posed a significant threat to the global MICE market. Travel and tourism were partially or completely prohibited as a result of the stringent lockdown laws. The majority of tourism destinations around the world have imposed entry restrictions on visitors. International tourist arrivals have dropped in the global tourism market. As a result, all MICE events scheduled for 2020 were either canceled or postponed, causing significant harm to MICE stakeholders. In such a setting, online and ICT platforms such as Skype, Zoom, and Google Meet have exploded in popularity. Furthermore, most businesses have begun to use these digital platforms to host MICE events, which has resulted in significant cost savings.

The MICE sector is projected to be affected for a long time by the increasing use of online platforms for performing MICE activities. Business travel is expensive, and many companies considered it an unnecessary expense during the COVID-19 period. As a result, they may use online platforms to host MICE events in the future. As a result, COVID-19 has had a significant negative impact on the worldwide MICE business, which may have a long-term influence.

Segmental Analysis

The global MICE Tourism market has been segmented based on the type, industry, and region.

By Type, the MICE Tourism market is segmented based on Meetings, Incentives, Conventions, and Exhibitions. The meeting segment dominates the market. This can be linked to strong economic developments, improved infrastructure, increased tourism, and business globalization. The segment is expected to grow at a healthy rate in the future, owing to an increase in the number of international business travelers, a surge in government initiatives to develop the MICE segment and SME sector, and ongoing MICE industry trends such as blended meetings and the use of social media and meeting apps.

Based on Industry, the MICE Tourism market is segmented based on Retail, Hospitality, Transportation, Entertainment, and Others. The hospitality segment is anticipated to hold the largest market share due to increased demand from the corporate sector. The transportation segment will is estimated to register the faster CAGR Due to travel by own vehicle, transportation provided by travel agencies, transportation by chartered buses, chartered flights, and chartered trains.

Regional Analysis

The MICE Tourism market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The North American region is projected to dominate the global MICE Tourism market. This is due to a growing interest in the MICE tourism business, as well as developing social networking platform trends, which are driving up demand in this market. However, due to a surge in travel, Asia-Pacific is expected to outstrip all other areas by clocking the highest CAGR, according to National Tourism Organizations in Asia.

As tourism grows, so do initiatives to organize MICE tourism, which is driving the market growth. The MICE tourism business in Europe has been consistently growing. The Middle East is predicted to develop at the fastest rate. The increased demand for international MICE events is one of the most important elements driving this growth.  Latin America and Africa are expected to grow at a rapid pace.

Evolve business intelligence has initiated a new market research report on the Testing, Inspection, and Certification (TIC) market. According to the study, the global Testing, Inspection, and Certification (TIC) market size is expected to reach $312.22 Billion by 2028 growing at the CAGR of 5.37% from 2021 to 2028. Some of the major factors impacting the overall growth of the Testing, Inspection, and Certification (TIC) market include, the increase in adoption of advanced technologies by end-users, rise in construction activities and increase in the renewable energy generation projects. The major factor that is restraining the growth includes the different rules and policies in different countries and the high cost associated with the testing, inspection and certification services. The future opportunities for the market include the digital transformation of services and a rise in urbanization that has led to rapid construction activities in major cities.

According to Evolve Business Intelligence, “the pandemic has reduced the demand for testing inspection and certification market. the major manufacturing, production, and construction activities were closed down in several regions to reduce the spread of the virus. The healthcare sector has witnessed an increased demand for testing, inspection, and certification due to the increase in demand for medical supplies and healthcare products and services. In the manufacturing and production sector, the demand has been reduced temporarily as the unit was closed but after the relaxation in lockdown the demand in these sectors is expected to increase.”

SGS Group to hold the highest market share in Testing, Inspection, and Certification (TIC)      

The Testing, Inspection, and Certification (TIC) market has witnessed several new additions to the number of players offering the product. Some of these startups are SGS Group, Bureau Veritas, Intertek, Dekra, Eurofins Scientific. SGS Group is expected to continue to hold the highest market share during the forecast period.

The Testing, Inspection, and Certification (TIC) market report published today include market revenue generated through the service types such as Testing, Inspection, Certification, Others. The report includes the analysis of the market based on sourcing types such as In-House Services and Outsourced Services. The report also includes the analysis of the market based on applications such as Consumer Goods & Retail, Agriculture & Food, Chemical, Construction & Infrastructure, Energy & Power, Industrial & Manufacturing, Medical & Life Sciences, Mining, Oil & Gas And Petroleum, Public Sector, Automotive, Aerospace, Marine, Railway, Supply Chain & Logistics, IT & Telecom, Sports & Entertainment.

As per the study initiated by Evolve Business Intelligence, The global Human Microbiome market size is expected to reach $1,907.68 Million by 2028 growing at the CAGR of 21.34% from 2021 to 2028. Some of the major factor impacting the overall growth of Human Microbiome market include, increase in funding from government, focus on developing of human microbiome therapeutics, rapid growth in lifestyle related disease and growing aged population. The major factor that are restraining the growth includes the lack of knowledge in these field and lack of research initiative by various players.

According Parimal, “the pandemic had forced different government to focus on the development of drug around the world. Due to the increasing prevalence of disease around the world, the government is focusing on the development of drug with the help of human microbiome. Various government had initiated program to support the pharmaceuticals companies.”

ENTEROME Bioscience to hold the highest market share in Reception Robotics      

The Human Microbiome market has witnessed several new additions to the number of players offering the product. Some of these are ENTEROME Bioscience, Seres Therapeutics, 4D pharma, Evelo Biosciences, OptiBiotix Health.

The Human Microbiome market report published today include market revenue generated through the sale of product such as Probiotics, Prebiotics, Diagnostic Tests, Drugs, and Other Products. The report includes the analysis of the market on the basis of technology such as, Genomics, Sequencing (16s rRNA sequencing method, Whole-genome sequencing method, Other Sequencing methods, Other Genomic Technologies), Proteomics, Metabolomics. The report includes analysis of market on disease such as Infectious Diseases, Endocrine and Metabolic Disorders, Gastrointestinal Diseases, Cancer, and Other Diseases. The report also includes the analysis of market on basis of application such as therapeutics and diagnostics

As per the study initiated by Evolve Business Intelligence, the Advanced Wound Care market is anticipated to grow $21.4 Billion by 2028 growing at the CAGR of 9.87% from 2021 to 2028. Some of the major factor impacting the overall growth of Advanced Wound Care market include increase in R&D for wound care research, increasing diabetic patients, various awareness program for wound treatments and new innovation and technologies in wound care product. The major factor that are restraining the growth includes the high initial investment for the development of advanced wound care product.

According to Evolve Business Intelligence “due to the breakout of pandemic, the wound care services had a decline and the surgeries were postponed. The major focus was on to tackle the pandemic by diverting resources and stopping all other activities including wound care services. These had impacted the market as manufacturing unit were operated with 50% and the new production was at least. The resources of wound care were diverted to tackle the pandemic leading to delay in wound care services.”

Coloplast Group to hold the highest market share in Reception Robotics      

The Advanced Wound Care market has witnessed several new additions to the number of players offering the product. Some of these are Molnlycke, Adynxx, B. Braun Melsungen AG, Coloplast Group, ConvaTec Group PLC.

The Advanced Wound Care market report published today include market revenue generated through the sale of product such as Infection Management, Dressings, NPWT, Autograph, Allograft, Exudate Management, Active Wound Care, Therapy Devices. The report includes the analysis of the market on the basis of application such as, Chronic Wounds, Acute Wounds, Diabetic Foot, Surgical, Trauma, Ulcers, Burns. The report also includes the analysis of the market on the basis of end use industry such as, Hospitals, Clinics, Home-care, and Community Health Service Centers

As per the study initiated by Evolve Business Intelligence, The global High-Throughput Screening market size is expected to reach $39.45 Billion by 2028 growing at the CAGR of 11.50% from 2021 to 2028. Some of the major factors impacting the overall growth of the High-Throughput Screening market include growing demand for the discovery of the drug, an increase in demand for biomedical research, rise in technological advancement, High automation, and quick data processing, and among others. The restraining factor includes Deficiency of skilled professionals, and increase in capital investment.

According to Evolve Business Intelligence, “the recent COVID scenario is expected to have a positive impact on High-Throughput Screening Market.  During covid pandemic, the spread of virus as impacted the people’s health. The demand for drugs discoveryhas been increasing in order to provide a solutions of covi-19. As High-Throughput Screening is used for drug discovery of numerous life-threatening diseases. The demand for High-Throughput Screening has been increase during pandemic.

Thermo Fisher Scientific is expected to hold the highest market share in High-Throughput Screening

Some of the key players in the High-Throughput Screening market include Thermo Fisher Scientific, Agilent Technologies, Inc., Danaher, PerkinElmer, Inc., and Others. In June 2021,   Thermo Fisher Scientific Launches Collection Kit to Streamline Saliva Testing.

The High-Throughput Screening market report published today includes market revenue generated through the sale of Products & Services such as Reagents & Assay Kits, Instruments, Consumables & Accessories, Software, Services, Label-free Technology, and 3D Cell Culture. The report also includes the analysis of the market based on Technology such as Cell-based Assays, 2D Cell Culture, Perfusion Cell Culture, Lab-on-a-chip (LOC), Ultrahigh-throughput Screening, and Bioinformatics. On the basis of application segment, the market is segmented as Target Identification & Validation, Primary and Secondary Screening, Toxicology Assessment, and Others.

Evolve Business Intelligence will be publishing a new market research report on Global Power Quality Equipment Market , According to the study, The global power quality equipment market size is estimated to reach $54.18 Billion by 2028 growing at the CAGR of 7.40% from 2021 to 2028. Some of the major factors impacting the overall growth of Power Quality Equipment market include increasing demand for electricity, the rapid advancement of digitalization trends in the telecom industry.

According to Lekha, “The COVID-19 has hampered the market for power quality equipment since the manufacturing facilties have been temporarily shutdown. Governments and local authorities had set strict restrictions, halting any non-essential operations. Mainly as a result users’ cessation of activities, this had a negative impact on the power quality equipment industry.”

In 2020, the segment of uninterruptible power supply owned the high share of the power quality equipment market.

The Power Quality Equipment market has witnessed several new additions to the number of players offering the product. Some of these companies are Siemens, General Electric, Toshiba, Emerson, and ABB. The uninterruptible power supply is expected to continue to hold the highest market share during the forecast period.

The Power Quality Equipment market report published today includes market revenue generated through the sale of Power Quality based on equipment types such as Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Units, Uninterruptable Power Supplies, Synchronous Condensers, Voltage Regulators, Digital Static Transfer Switches, Static Var Compensators, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters. The report includes the analysis of the market based on phases such as Single Phase, Three Phase. The report also includes the analysis of the market based on end-use industries such as Residential, Commercial, Industrial and Manufacturing, Utilities, Transportation.

Evolve Business Intelligence will publish a new market research report on , The global aesthetic lasers and energy devices market size is estimated to reach $13.12 Billion by 2028 growing at the CAGR of 10.72% from 2021 to 2028. Some of the major factors impacting the overall growth of the Aesthetic Lasers and Energy Devices market include, swift technological advancement and Less expensive than surgeries.

According to Swapnil, “The aesthetic lasers and energy devices industry had negatively impacted by the COVID-19 pandemic, since health care resources have been focused to provide treatment for COVID-19 patients, and normal health care services have remained on halt. Clinics that provide laser, light-based, and strong pulsed light treatments had shuttered.”

Body Contouring Device to hold the highest market share in skin resurfacing device

The Aesthetic Lasers and Energy Devices market has witnessed several new additions to the number of players offering the product. Some of these companies are Allergan, Bausch Health Companies Inc, Cutera BioSpace, Cynosure Inc, Fosun International Ltd, Fotona Inc. The skin resurfacing device has a prime focus on body contouring device is expected to hold the highest market share in the forecasting period.

The Aesthetic Lasers and Energy Devices market report published today include market revenue generated through the sale of Aesthetic Lasers and Energy Devices-based product such as GPU, CPU, ASIC and FPG Laser Resurfacing Devices, Body Contouring Devices, Aesthetic Ophthalmology Devices, and Others. The report includes the analysis of the market based on technology such as Laser-Based Technology, Light-Based Technology, and Energy-Based Technology. The report also includes the analysis of the market based on applications such as Hair Removal, Scar Removal and Skin Resurfacing, Skin Rejuvenation, Skin Tightening, Body Shaping & Skin Tightening and Others, and the report also includes the analysis of the market based on the end-use industry such as Multi-Specialty Centers, Standalone Centers, Dermatology Clinics, Ambulatory Surgery Centers (ASCS) And Cosmetic Surgery Centers & Clinics.