Colombia Travel Retail Market Size Worth $686.0 Million By 2025

The Colombia travel retail market size is expected to reach USD 686.0 million by 2025, and it is anticipated to register a CAGR of 8.3% from 2019 to 2025, according to a new report by Grand View Research, Inc. The travel and tourism industry accounted for nearly 3.8% of Colombia’s Gross Domestic Product (GDP) in 2018. The industry’s demand has witnessed an increase of 12% in 2018 from the previous year. Columbia is one of the major tourist destinations with attractions including colonial cities, coffee plantations, mountains, and beaches. A rising number of international travelers is expected to be one of the prime factors driving the market growth.

According to Colombia’s Ministry of Commerce, Industry and Tourism (MinCIT), the country’s travel and tourism revenues was approximately USD 5.8 billion in 2018. However, the Colombian government plans to increase these revenues to USD 40 billion by 2022 by making tourism a high priority. Initiatives such as increasing airline routes to Colombia are subsequently expected to drive the growth of the market for travel retail in the country. Moreover, the rising middle-class population in developing countries and reasonably priced travel choices are anticipated to drive the market growth.

The retail market is getting increasingly competitive, owing to the entry of other duty-free retailers in the country. For instance, in 2017, Dufry and 3Sixty Duty Free signed a joint venture agreement and obtained duty-free store concession at the El Dorado International Airport in Bogota. The two companies signed a concession agreement with Opain S.A. for one duty-paid, seven duty-free, and two Hudson convenience stores. An improving economy, sustainable business practices, and favorable commercial trade agreements have created robust opportunities for international brands, which acted as a catalyst for market growth. According to the World Travel & Tourism Council (WTTC), Bogota accounted for more than 29% of Colombia’s overall travel and tourism activity.

Over two decades of political instability has impeded the growth of Colombia market. Despite decades of security challenges and internal conflicts, Colombia has been relatively steady in upholding democratic institutions characterized by transparent and peaceful elections and the protection of civil liberties. The increasing political stability and improving security situation is expected to open opportunities for foreign direct investments and subsequently strengthen the Colombian tourism industry. An active travel and tourism industry would further encourage international travel retail operators to consider entering the market in Colombia, where competition is currently relatively moderate.

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https://www.grandviewresearch.com/industry-analysis/colombia-travel-retail-market

Further key findings from the report suggest:

The perfume and cosmetics segment dominated the market with a value of USD 118.9 million in 2018. The segment is projected to continue its dominance over the forecast period
Rising investments for the development and upgradation of airports in Colombia has contributed to the growth of the market. The airport channel segment is anticipated to register the highest CAGR of 8.5% over the forecast period
The key players in the market focus on strategies such as partnerships and expansions to expand their presence in the market
Prominent players operating in the market include Duty Free Americas, Inc. (DFA); Dufry and 3Sixty Duty Free; Motta International; Areas; and Duty Free Partners.

Dropshipping Market Size Worth $557.9 Billion By 2025

The global dropshipping market size is expected to reach USD 557.9 billion by 2025, registering a CAGR of 28.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising consumer inclination toward online shopping platforms, coupled with the proliferation of internet users, is anticipated to positively impact market growth. Dropshippers offer services to retailers such as direct transfer of goods to customers and inventory maintenance. Moreover, benefits provided through dropshipping services encourage e-commerce companies to adopt these services, as the shipment of the products/goods is not limited to the internal boundaries of the country and can even offer product deliveries across international borders.

Rising disposable income and increasing internet and smartphone penetration have favored the e-commerce industry, thereby impacting the adoption of dropshipping. Dropshipping enables e-commerce companies to capitalize on warehouse and logistics investments. Moreover, fewer capital investments in inventory and logistics have resulted in an increased demand for dropshipping amongst retailers.

Several e-commerce startup businesses are opting for dropshipping services since fewer investments are required for product warehousing, resulting in reduced shipping and logistics costs. The growing number of online purchases by consumers has enabled the emergence of new e-commerce companies. Inclination of emerging e-commerce companies toward dropshipping business is further generating avenues for market growth.

However, government rules and regulations for product shipment and cybersecurity threats are hindering the market growth. Moreover, the General Agreement on Trade in Services (GATS) comprises rules and regulations governing international trade in services, with significant implications for e-commerce. The Anti-Spam Law is in place to protect consumers from receiving unsolicited marketing material, thereby restraining the growth of the market.

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https://www.grandviewresearch.com/industry-analysis/dropshipping-market

Further key findings from the study suggest:

The electronics and media segment accounted for a market share exceeding 22.0% in 2018 owing to increasing innovations in the electronics industry, coupled with rising demand for electronics
The food and personal care segment is expected to register a CAGR exceeding 30.0% from 2019 to 2025, owing to the rising consumer demand for skincare products and cosmetics, among others
The fashion segment held the largest market share of over 30.0% in 2018, which can be attributed to the growing disposable income of consumers, coupled with rise in online retail spending among consumers
Asia Pacific is expected to witness substantial growth owing to the high percentage of global population and increasing internet penetration, which, in turn, drives the e-commerce industry in the region
The dropshipping market is fragmented and characterized by the presence of small- and medium-sized companies. The major global players operating in the market include AliDropship; Doba, Inc.; SaleHoo Group Limited; and Oberlo, Inc.

Eyelid Surgery Market Size Worth $5.2 Billion In 2026

The global eyelid surgery market size is expected to reach USD 5.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.8% over the forecast period. The growing use of non-surgical techniques, PlexR, for eyelid surgery and increasing aging population are some of the factors driving the market. In addition, rising cosmetic surgeries to remove bulges on the skin, wrinkles, and fat near the eyes are also expected to propel the market growth during the forecast period.

Medical and technical advancements in blepharoplasty are also anticipated to fuel market growth. Cosmetic surgeons are adopting a multi-procedure approach to enhance the overall results of eyelid surgery. For instance, combining eyelid surgery with an eyebrow lift, volume augmentation, or other related procedures is expected to have a synergistic effect, thereby boosting demand.

The growing cosmetic industry in the U.S., Brazil, South Korea, and Japan is another factor driving the market. Moreover, increasing adoption of advanced cosmetic procedures in emerging economies to improve appearance of eyes and reduce under eye fat is anticipated to positively impact market growth.

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https://www.grandviewresearch.com/industry-analysis/eyelid-surgery-market

Further key findings from the study suggest:

The upper eyelid surgery segment is anticipated to lead the eyelid surgery market in the forecast period due to its relatively low cost and rise in geriatric population
Clinics & surgery centers segment is expected to hold substantial share in the forecast period owing to factors such as availability of skilled professionals and increase in the number of clinics and surgery centers
Increasing adoption of advanced medical tools and techniques is anticipated to boost market demand. For instance, the non-surgical eyelid surgery removes the excess skin and provides the same results as surgical procedures do, without the inherent complications associated with the traditional procedure.
North America holds the largest share compared to other regions, due to quick adoption of innovative medical techniques for surgeries and high demand for aesthetic procedures
Asia Pacific is also expected to grow significantly in the forecast period owing to increasing disposable income and growing medical tourism in the region.

Aromatherapy Carrier Oils Market Size Worth $1.9 Billion By 2026

The global aromatherapy carrier oil market is expected to account for USD 1.90 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 10%. Growing awareness and increasing use of therapeutic carrier oils has led to high market growth. Aromatherapy is considered an alternative to medicinal therapy for treatment of a wide range of conditions. Thus, with growing awareness about the field of alternative & complementary medicine, therapeutic-grade carrier oils are increasingly being adopted due to their healing properties.

In addition, adoption of natural products has increased as a number of adverse effects are associated with pharmaceutical products. For instance, apricot kernel oil is widely used for skin & hair care and scar & pain management as well as in manufacturing of soaps.

Aromatherapy products such as carrier oils have also been proven to be highly effective in pain management and healing of wounds & cuts. These products consist of healing as well as antibacterial properties.

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https://www.grandviewresearch.com/industry-analysis/aromatherapy-carrier-oil-market

Further key findings from the study suggest:

Cosmetics segment dominated the aromatherapy carrier oils market in 2018 and is anticipated to grow at a lucrative rate during the forecast period owing to increase in incidence of skin and hair problems
Medical segment also held significant share in 2018 owing to growing awareness about the various types of therapeutic-grade products available
Rapid industrialization and increasing consumer awareness regarding new medical practices have led to an increase in demand for these products globally
In 2018, personal care segment was expected to witness lucrative CAGR over the forecast period owing to increase in use of carrier oils as a base for manufacturing soaps
North America held the largest market share in 2018 owing to rise in the number of key players introducing therapeutic grade products in the U.S.
Lucrative trading opportunities have led to an increase in growth potential of the European market
Asia Pacific is projected to exhibit significant growth rate over the forecast period due to growing awareness pertaining to aromatherapy as well as rise in incidence of skin disorders in this region
Some of the key companies are Edens Garden, Rocky Mountain Oils, Plant Therapy Essential Oils, Falcon Essential Oils, FLORIHANA, and Moksha Lifestyle Products

Condom Market Size Worth $15.1 Billion By 2026

The global condom market size is expected to reach USD 15.1 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.5% over the forecast period. Launch of new products and innovative packaging & promotional activities by international & local brands are expected to boost the market during the forecast period.

For instance, in November 2018, Reckitt Benckiser’s Durex brand introduced a new label “Feels” in South Africa. This range was made available at a lower cost as compared to other products offered by the company. Feels is sold at USD 0.71 in a pack of three, whereas Durex Fetherlite is sold at USD 2.83.This was a strategic move by the company to gain a higher share of the South African market, as public health organizations offer condoms free of cost in the country.

Social media plays a significant role in creating awareness about these products. Moreover, a condom is not only perceived as an economical method of contraception, but is also in demand as a product to improve sexual health. Variations in texture, flavor, and thickness of products available in the market help couples enhance their sexual experience.

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https://www.grandviewresearch.com/industry-analysis/condom-market

Further key findings from the study suggest:

Latex condoms held the largest share in 2018 owing to safety and flexibility provided by natural rubber used to make condoms.
Currently, latex products have a higher market share as these can be used with lubricants and sex toys, which makes them the preferred choice of customers
In the product segment, male condoms held a significant share in 2018. However, there is substantial demand for female condoms in developed as well as developing nations
The e-commerce distribution channel is expected to exhibit fastest growth during the forecast period due to increasing adoption of Internet & social media platforms for promoting safe sex
On the basis of geography, Asia Pacific held the largest condom market share in 2018 and is expected to maintain its position during the forecast period
In April 2017, AIDS Healthcare Foundation (AHF) with the health ministry of India announced the country’s first free store under the name Love Condoms, as an initiative aimed at reducing HIV infections
African countries such as Nigeria have a high unmet need. According to the AHF, in 2019, Nigeria has a deficit of 564 million and offered to distribute 600,000 condoms across the country.
Some of the key players are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; Karex Berhad;Fujilatex Co., LTD.;LELO; LifeStyles Healthcare Pte Ltd.; Mayer laboratories, Inc.; Okamoto Industries, Inc.; Cupid Limited; andVeru, Inc.

Cold Pain Therapy Market Size Worth $2.3 Billion By 2026

The global cold pain therapy market size is expected to reach USD 2.3 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.9%. Rising incidence of orthopedic diseases has led to high growth of the market. CDC estimated that nearly 78 million people in the U.S., aged 18 years or above, are expected to be diagnosed with arthritis by 2040.

Rising number of road accidents and traumatic injuries is leading to a high growth of the market. According to WHO data, every year nearly 10 million people suffer injuries in road accidents or incur a disability as a result of injuries in head, chest, arms, and legs. Thus, with the increasing number of road accidents, the demand for therapy products for pain management is rising. Increasing number of sports injuries also play a pivotal role in the rising demand for these products. The most common types of sport injuries are dislocated joints, muscle sprains & strains, tear of ligaments & tendons that hold the joints together, and fractured bones, including the vertebrae.

Geriatric population is a significant target population driving the market. Countries such as Germany and China have high geriatric population base. This factor is contributing to market growth. According to CDC, 1 in every 4 adults are affected by osteoarthritis. Thus, rising geriatric population is expected to increase the demand for cold pain therapy products.

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https://www.grandviewresearch.com/industry-analysis/cold-pain-therapy-market

Further key findings from the report suggest:

OTC products dominated the market in 2018 due to affordability and easy availability of products such as creams, gels, sprays, and roll-ons
Orthopedic conditions held a significant market share in 2018 owing to rising prevalence of various musculoskeletal and joint disorders, such as osteoarthritis
The sports medicine segment is expected to witness a significant growth during the forecast period due to increasing number of sport-related injuries
Retail pharmacies accounted for a considerable revenue share in 2018, owing to increase in their demand due to easy availability of products
Among all distribution channels, e-commerce is expected to grow at the highest CAGR during the forecast period, owing to lucrative offers and discounts available online
North America dominated the cold pain therapy market in 2018 due to factors such as an increase in the prevalence of orthopedic disorders and presence of key market players in the region
Asia Pacific is likely to grow at a high rate over the forecast period due to rising geriatric population, coupled with growing healthcare awareness in the region
Some of the major companies in the market are Beiersdorf; Breg, Inc.; DJO Global; Hisamitsu Pharmaceutical Co., Inc.; Johnson & Johnson; and Össur Corporate.

Neurological Biomarkers Market Size Worth $16.5 Billion By 2026

The global neurological biomarkers market size is expected to reach USD 16.5 billion by 2026, according to a new report by Grand View Research, Inc. It is estimated to register a CAGR of 14.5% over the forecast period, driven by an increasing prevalence of neurological diseases and emergence of novel diagnostic products.

Neurological biomarkers can be used for diagnostics, drug discovery, or personalized medicines among other applications. These products may be employed in drug development to reduce attrition rates during clinical trials. Some neurological biomarkers can further be used to predict drug failures early in the development process by determining their pharmacological effect on patients, which helps the pharmaceutical company obviate additional costs associated with further clinical trials.

There remains a significant dearth for in-depth knowledge of the pathophysiologies of several neurological disorders, thus resonating with the unmet need for more research and increased funding for the same. Though technological advancements and rising consumer awareness are flag-bearers in this market growth, there remains considerable scope for advanced diagnostics – in terms of precision, specificity, and test time.

The diagnostic landscape in this market is gradually shifting towards genetic testing and counseling. Biomarker signatures are a rising trend in the diagnosis and treatment of neurological diseases. This has resulted in non-invasive testing, faster drug development, and early diagnosis of abnormalities/diseases. Furthermore, digital biomarkers provide various pharmaceutical companies with contextual and supplemental information to conclude clinical trial decisions. For instance, IXICO plc is collaborating with biopharmaceutical companies to validate clinically digital biomarkers and use them in clinical trials.

Proactive initiatives by public and private organizations to heighten consumer awareness is a key driver of the neurological biomarkers market. For instance, the National Alliance on Mental Illness (NAMI) one of the largest grassroot organizations in the U.S. is dedicated to educating, advocating, and supporting mental health patients about diagnosis and apt treatment for their conditions. Such drivers reflect a prosperous future in the global biomarkers market.

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https://www.grandviewresearch.com/industry-analysis/neurological-biomarkers-market

Further key findings from the report suggest:

Most biomarkers evaluating neuronal damage cannot be clinically useful individually, and are generally used in panels
Most cerebrospinal fluid biomarkers used in medical practice are amyloid β and tau proteins
Nascent products allow a broader scope for characterization and selection of treatment strategies
Inconsistent regulatory trends remain a major constraint for the market
Asia Pacific is positioned to witness the fastest regional growth

Ovarian Cancer Diagnostics Market Size Worth $2 Billion By 2026

The global ovarian cancer diagnostics market size is expected to reach USD 2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.2%. The growth of the market can be attributed to an increase in the prevalence of ovarian cancer and emergence of novel diagnostic products. As of 2018, ovarian cancer had the highest mortality rate of all gynecologic cancers. It accounted for nearly 14,000 deaths in the U.S. in 2018. No specific symptoms render early diagnosis of the disease increasingly difficult. The exact causative factors remain unknown, creating a key unmet need for further research to obtain clarity on the underlying molecular mechanisms.

Women aged 60 years & above have a higher predisposition to it. As it is often diagnosed in advanced stages, treatment options are limited. Moreover, on the basis of race, incidence rates were higher among Caucasian women than African-American women. The International Federation of Gynecology and Obstetrics (FIGO) system is used for staging ovarian cancer. Staging process helps identify ovarian tumors, calculate their size, and detect invasion & metastasis.

Early detection and diagnosis significantly improve patient survival rates. For instance, in case of epithelial tumors, patients with stage 1 ovarian cancer have a survival rate of nearly 90%, whereas patients with stage 4-the most advanced phase-have a mere 15% survival rate. Technological advancements in PET and MRI as well as in diagnosis of BRCA mutations have positively impacted market growth.

The diagnostic landscape is gradually shifting toward genetic testing and counseling. As the disease bears a high risk of inheritance of gene mutation, guidelines pertaining to ovarian cancer diagnostics recommend all patients to undergo genetic counseling and testing. Earlier, BRCA1/2 was the most prominent test; however, advancements in medical science have now made it possible to test more than 20 genes in each patient.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ovarian-cancer-diagnostics-market

Further key findings from the report suggest:

Incidence of ovarian cancer worldwide has been declining over the past decades
Although ultrasound imaging is the fist-line of diagnosis, the technique cannot be used for staging the disease
Computerized Tomography (CT) imaging is preferred for staging the disease
CA125 remained the mainstay in blood test biomarkers in 2018
HER2 and BRCA1/2 tests are expected to witness a rapid growth during the forecast period owing to the rising awareness of early diagnosis and genetic tests
The ovarian cancer diagnostics market in Asia Pacific is expected to grow at a high rate during the forecast period.

Ultrasound Transducer Market Worth $4.2 Billion By 2026

The global ultrasound transducer market size is anticipated to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% during the forecast period. Increasing number of product launches and growing focus of the major players on innovations for safe and accurate diagnosis are the factors driving the growth.

North America is anticipated to hold substantial share of the market during the forecast period owing to high adoption of advanced medical devices. Continuous innovations in ultrasound machine such as portable and mobile ultrasound machine is expected to fuel the growth. Moreover, presence of a large number of ultrasound transducer manufacturers is anticipated to bode well for the regional growth. These companies emphasize on heavy investments to develop smart production methods and process automation, which is a key factor in optimizing product prices and maximizing revenues.

Another innovation pertaining to these devices include burst wave lithotripsy which help delicate procedures including kidney stone destruction. The technology is not only efficient but also offers non-invasive procedure to patients, which is anticipated to ultimately augment the product demand in the forthcoming years.

Growing number of partnerships between resellers for ultrasound transducers is an emerging trend witnessed in the market. Direct purchase from Original Equipment Manufacturers (OEMs) is another trend observed in the market. End users are increasingly dealing with OEMs since they offer efficient technologies like custom strain gauge sensing to finished product designs, to achieve greater business advantage.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ultrasound-transducer-market

Further key findings from the report suggest:

Convex transducers holds largest market share owing to the advantages of the product such as superior quality resolution for accurate diagnosis, wider footprint, and ergonometric designs
2D linear transducers are highly preferred as compared to 3D linear owing as they provide detailed results in heart conditions
General imaging segment is expected to lead the ultrasound transducer market in the forthcoming years owing to increased adoption of ultrasound devices in primary diagnostic purposes
Owing to lower labor costs and untapped areas in developing regions of Asia Pacific, the market players are expected to witness huge opportunities to increase their clientele and expand their product portfolio
Key players in the ultrasound transducers market include Shenzhen Ruqi Technology, GE Healthcare, Siemens Healthineers, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, , SonoScape Medical, FUJIFILM SonoSite, Shenzhen Jiarui Electronic Technology, and Koninklijke Philips N.V.

Textured Soy Protein Market Worth $6.49 Billion By 2025

The global textured soy protein market size is anticipated to reach USD 6.49 billion by 2025 registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Rising demand for low-carb and low-fat diet due to increasing awareness about leading a healthy lifestyle is expected to boost product sales over the forecast period. Non-GMO soy protein was the largest product segment in 2018 and accounted for more than 52% share of the global market. It is expected to retain its dominant position throughout the forecast years.

Non-GMO proteins are free of pesticides and do not contain added preservatives and additives, which is augmenting their demand. Moreover, GMO soy crop is banned in several countries owing to increasing awareness about the adverse effects of these crops on health, which, in turn, boosts the demand for non-GMO product. However, organic segment is expected to witness the fastest CAGR from 2019 to 2025 owing to increasing demand for organic food products containing textured soy protein.

Increasing demand for meat alternatives is the main factor driving the product demand in the food industry. North America was the largest regional market in 2018 and accounted for half of the overall share. It is projected to maintain its dominance from 2019 to 2025. Increasing health awareness and vegan population in North America are the key factors driving the region’s growth. However, Asia Pacific is expected to register the fastest CAGR of 11.4% over the forecast period due to high soya bean production coupled with rising awareness about the health benefits of soya bean.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/textured-soy-protein-market

Further key findings from the report suggest:

Food application was the largest segment in 2018 and will expand further at the maximum growth rate from 2019 to 2025
Asia Pacific is projected to witness the fastest CAGR from 2019 to 2025. China is one of the largest consumers of soya protein in the region
Some of the key companies in the textured soy protein market are Archer Daniels Midland Company; Cargill, Inc.; Wilmar BioEthanol; Victoria Group; and Bremil Group
Most of these companies have undertaken several strategies, such as merger & acquisition, for business expansion