Market Overview:
The MICE sector provides opportunities for business networking, knowledge sharing, client engagements through conferences, exhibitions and other events. It boosts tourism by attracting both domestic and international travelers.
Market key trends:
One of the key trends driving the UAE MICE market is growth of the business events industry. The country is strategically positioning itself as a global hub for conferences, meetings and exhibitions to drive economic growth. Major infrastructure developments such as expansive convention centers and hotels equipped with state-of-the-art facilities are attracting large business events to the country. This is expected to significantly increase revenues for the MICE industry over the coming years.
Segment Analysis
The UAE MICE market is segmented by end-user into corporate organization, public organization, and other. The corporate organization segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. This is due to rising corporate events, conferences, exhibitions and conventions held by private companies in UAE to promote their brands and products.
The global UAE Meetings, Incentives, Conferences and Exhibitions (MICE) Market Size is estimated to be valued at US$ 5.21 Billion in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global UAE Meetings, Incentives, Conferences and Exhibitions (MICE) market is expected to witness high growth, exhibiting CAGR of 8.5% over the forecast period 2023-2030, due to increasing business events and promotions in the region.
Regional analysis
The UAE region dominated the MICE market in 2023 and is expected to maintain its dominance during the forecast period. This can be attributed to the presence of world-class venues and facilities for hosting events in major cities like Dubai and Abu Dhabi. These cities have emerged as popular M&E destinations in the region.
Key players
Key players operating in the UAE MICE market are Dubai World Trade Centre, Habtoor Hospitality, Action Hotels, TIME Hotels, Ascott Limited, AccorHotels, Marriott International, Hilton Worldwide, InterContinental Hotels Group, Hyatt Hotels Corporation, Radisson Hotel Group, Wyndham Hotels & Resorts, JA Resorts & Hotels, Millennium & Copthorne Hotels, Abu Dhabi National Exhibitions Company, Sharjah Commerce and Tourism Development Authority, Emirates Group, Emaar Hospitality Group, Rotana Hotel Management Corporation PJSC, Jumeirah Group.
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Urolithiasis is referred to as kidney stone and is a condition that is characterized by presence of a calculi or a solid piece material in the urinary tract of an individual.
These solid mass commonly known as kidney stone is typically formed in the renal area that is eliminated from the body through the urine stream.The stones that are smaller in size may pass off the body without any symptoms, however, lumps larger than 5 millimeters in size can lead to blockage of the ureter that may cause severe pain in the abdominal area and lower back.
This may result in symptoms that includes pain during urination, vomiting or blood in the urine.
Urolithiasis is caused due to combination of environmental and genetic factors.
It can also be caused due various factors such as obesity, hyperparathyroidism, and high urine calcium levels.Get Exclusive Sample Report @ https://dataintelo.com/request-sample/?reportId=506Rising incidence of chronic kidney diseases is one of the major factors responsible for growth of global urolithiasis management devices market.
Moreover, growth of the urolithiasis management devices market can also be attributed to rising adoption of percutaneous nephrolithotomy (PCNL).Read More @ https://www.marketwatch.com/press-release/urolithiasis-management-devices-market-swot-analysis-cagr-future-insights-growth-by-2026-2019-12-20
