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Singapore MICE tourism market is projected to reach nearly US$ 2.5 Billion across the 20 countries covered in this reportby the year end of 2021.
Singapore is one of the world’s top MICE (Meetings, Incentives, Conventions & Exhibitions) destination. Singapore is a stellar MICE city, maintaining a perfect tourism impression among world-wide travelers with its stable and conducive business environment, convenient transportation, pleasant environment and well-appointed facilities. These factors tend to attract international organizations to base their regional offices in the city. Singapore has always been a magnetic venue for business and leisure. Sightseeing, catering, entertainment, business events and exhibitions together create an integrated tourism chain in this country. Facilities for both business and leisure such as World Resort Sentosa, Universal Studios Singapore, Merlion’s Park, Suntec Singapore and Singapore EXPO ensure Singapore’s position as a prime MICE destination.Singapore provides a conducive platform for MICE travelers to achieve their success in Singapore through a dynamic environment underpinned by vibrant knowledge, wide networks, ease of doing business and a sense of fun.
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Singapore MICE Travelers Insights
China and Indonesia will be the major source market for Singapore MICE tourism by the year end of 2021. India will be the third leading source market for Singapore MICE tourism by 2021. Japan stand at the fourth spot with XX% share of the Singapore MICE tourist arrivals. South Korea and Thailand holds the fifth and sixth highest share of the Singapore MICE tourist arrivals, being followed by United States by the year end of 2021.
Singapore MICE Tourism Market Revenue Insights
Japan MICE travelers has enjoyed a significant role in contributing revenue to the Singapore economy in 2015. Japan contributed 18.1% share in 2015 but Japan will not retain its #1 position in the revenue generator due to the fall in the MICE travelers’ in Singapore. It is predicted that China, India and Indonesia will be leading revenue generators by the year end of 2021. Other countries such as South Korea, United States and Thailand will also be the major revenue generators by the year end of 2021.
The research report titled “ Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2016 – 2021” provides detailed information on the Singapore MICE Tourism Market. This report analyzes market data and provides a better understanding of MICE travelers flows and revenue to Singapore. Market outlook in value terms for the forecasted period for Singapore MICE tourism market has been detailed in the report. This report also entails a detailed description of growth drivers and challenges of the Singapore MICE tourism market.
This 115 Page report with 84 Figures and 4 Tables has been analyzed from 5 viewpoints:
1. Singapore MICE Travelers, Revenue & Forecast (2010 – 2021)
2. Singapore MICE Travelers, Revenue Share & Forecast (2010 – 2021)
3. Singapore MICE Travelers, Revenue & Forecast – Top 20 Country Analysis (2010 – 2021)
4. Singapore MICE Tourism Market – Growth Drivers
5. Singapore MICE Tourism Market – Challenges
Singapore MICE Tourism Market – 20 Countries Covered
8. Hong Kong
9. South Korea
15. United Kingdom
17. United States
18. New Zealand
20. South Africa
Source : https://littleindia.com/
India will establish itself as the third largest travel and tourism (T&T) economy in the world by 2028, both in terms of direct and total gross domestic product, according to a report released by the World Travel and Tourism Council (WTTC) on March 22.
India will follow China and the United States, the report said. South Asia is expected to be the fastest-growing world region over the next 10 years, with average annual direct T&T gross domestic product (GDP) growth of 6.9 per cent forecast, driven principally by a strong 7.1 per cent growth in India, revealed the report titled “Global Economic Impact & Issues 2018.”
The report covers 185 countries and 25 regions of the world, providing data on the 2017 performance as well as 10-year forecasts on the sector’s potential.
“2017 was the best year on record for the travel and tourism sector. We have seen increased spending as a result of growing consumer confidence, both domestically and internationally, recovery in markets in North Africa and Europe previously impacted by terrorism and continued outbound growth from China and India. This is great news for the millions of people who depend on our sector for their livelihoods,” said Gloria Guevara, WTTC president and CEO.
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The Global market for Neurostimulation Devices is expected to cross US$5 Billion by the year end of 2021.
Drivers & Restraints
Market growth can be attributed to factors such as rising geriatric population, increasing prevalence of neurological diseases, strong product pipeline offered by the players. In addition, rapid advances in the field of neurostimulation and development of minimally invasive techniques have greatly expanded the market. High cost of treatment and negative social perception is restraining the growth of neurostimulation devices Market.
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Spinal cord stimulation segment dominated the neurostimulation devices market with more than XX% share in 2015. But its market share will dwindle in the forecasting period due to the highest growth rate of deep brain stimulation segment. It is expected that deep brain stimulation segment will grab nearly 20% market share by the year end of 2021.
North America is seen as the dominant player in the neurostimulation devices market followed by Europe, Asia–Pacific, and rest of the world (RoW) in 2015. In the coming years, the neurostimulation devices market is expected to witness the highest growth rate in the Asian region, with emphasis on India, China, and Japan. These countries are expected to increase revenues for the manufacturers of devices involved in neurostimulation.
Chronic Pain is identified as the largest application segment of the neurostimulation devices market. Urinary and Fecal Incontinence(UFI) is the second leading segment for neurostimulation devices market. Refractory epilepsy stands at the third spot with more than XX% share in 2015. Parkinson’s disease holds the fourth highest share being followed by Gastroparesis. Essential Tremor and Dystonia are the other leading application segment for neurostimulation devices market.
Further, prudent analysis has been done on the competitor’s part, where three major players grab XX% of the global market by revenue. Medtronic, Boston Scientific, St Jude Medical, Liva Nova and Nevro are the key influencers with their products in the neurostimulation devices market. Merger & acquisitions, partnerships, collaborations and extending distribution networks are few important factors for their dominance.
The research report presents a comprehensive assessmentof 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, application, geographies, companies and market dynamics. The report concludes with the profiles of major players in the global neurostimulation market such as Medtronic, Boston Scientific, St Jude Medical, Liva Nova and Nevro. The major market players are evaluated on various parameters such as company overview, product portfolio, and sales analysis of neurostimulation devices segment from 2010 to 2021.The report also entails major drivers and barriers of neurostimulation devices market.
Neurostimulation Devices Market: Segmentation
Neurostimulation Devices Market is classified on the basis of device segment, application, company and geography.
Based on Segment, Neurostimulation Devices Market can be segmented as follows:
Spinal Cord Stimulation
Deep Brain Stimulation
Sacral Nerve Stimulation
Vagus Nerve Stimulation
Other Devices Segment
Based on Application, Neurostimulation Devices Market can be segmented as follows:
Urinary Fecal Incontinence
Treatment Resistant Depression(TRD)
Obsessive Compulsive Disorder(OCD)
Based on Geography, Neurostimulation Devices Market can be segmented as follows:
Rest of the World (ROW)
Based on Company, Neurostimulation Devices Market can be segmented as follows:
St Jude Medical
Source : http://www.chicagotribune.com/
Authorities in Thailand have ordered the temporary closing of the beach made famous by the Leonardo DiCaprio movie “The Beach” to halt environmental damage caused by too many tourists.
Maya Bay, on Phi Phi Leh island in the Andaman Sea, will be closed to all visitors for four months annually starting this June to allow for the recovery of the island’s battered coral reefs and sea life. The decision to keep visitors away was made Wednesday by Thailand’s National Parks and Wildlife Department.
Many Thai marine national parks are closed from mid-May to mid-October, but because of tourist demand, Maya Bay has remained open year-round since a Hollywood crew set foot there in 1999 to film the dark backpacker tale based on a novel by Alex Garland.
The beach receives an average of 200 boats and 4,000 visitors each day.
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