Clinical Trial Management System Market share to exceed $2bn by 2024

The report “(CTMS) Clinical Trial Management System Market Size By Component (Software, Hardware, Services), By Product (Enterprise Based, Site Based), By Delivery Mode (Web, Cloud, On Premise), By End Use (Pharmaceutical & Biopharmaceutical Companies, Clinical Research Organizations, Healthcare Providers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Poland, Russia, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc., Clinical Trial Management System Market size is projected to hit USD 2 billion by 2024.

Rapid economic progress coupled with favorable government regulations for drug approvals will push CTMS market size in emerging economies. High investments in clinical research activities are expected to boost the demand for clinical trial management systems (CTMS) across pharmaceuticals & biopharmaceuticals firms, clinical research organizations, and healthcare sectors. In addition, rising occurrence of chronic ailments plus the increasing scope of clinical trials outsourcing is forecast to promote the business growth over the coming seven years.

CTMS market is segmented into site based clinical trial management system and enterprise based clinical trial management system. Enterprise based industry, which accounted for more than 70% of the total revenue in 2015, is anticipated to grow considerably over the coming timeframe, driven by its ability to provide specialized services. Site based CTMS is projected to contribute considerably towards the global industry share over the coming seven years.

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Pharmaceuticals & Biopharmaceuticals application, which dominated the end-use application landscape in 2015, is forecast to hit USD 1.4 billion by 2024. Tremendous efforts by market players to manufacture new medicines for treating chronic ailments is expected to boost the revenue. CTMS industry size in clinical research organizations is expected to grow at a rate of 14% over 2016-2024, driven by rise in clinical trial outsourcing activities along with high investments in R&D for clinical research business.

Regional highlights of Clinical Trial Management System Market over 2016-2024 are given below:

China CTMS industry revenue is forecast to produce more than USD 270 million by 2024. Government initiatives to establish research centers along with high spending on research activities across pharmaceuticals, life sciences, and clinical research sectors will drive regional growth.

Beneficial regulations such as allocation of funds for NIH, NCI, and FDA to carry out intense research and develop new healthcare solutions will propel U.S. clinical trial management system market value over the next few years.

Browse key industry insights spread across 105 pages with 92 data tables & 6 figures & charts from the report, ““(CTMS) Clinical Trial Management System Market” in detail along with the table of contents:

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Brazil CTMS industry is forecast to cross USD 55 million by 2024, driven by new breakthroughs in clinical research, growing popularity of biomedical equipment, and enhanced use of modern healthcare systems.

Government rules supporting clinical research are expected to boost CTMS market expansion in Germany over the years to come. Germany CTMS industry revenue is forecast to hit USD 180 million by 2024.

India clinical trial management system market value, which was estimated at USD 50 million in 2015, is anticipated to witness a remarkable growth over the coming years. Technological advancements in healthcare coupled with increasing investment in clinical research activities is projected to spur the regional revenue.

Key industry players include eClinForce Incorporation, MedNet Solutions Incorporation, Forte Research Systems Incorporation, Medidata solutions, Bio-Optronics Incorporation, PAREXEL International Corporation, Merge Healthcare Incorporation, VEEVA Systems, Oracle Corporation, and BioClinica Company.

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Table of Contents 

Chapter 1.    Methodology and Scope

1.1.    Research Methodology                

1.1.1.    Initial data exploration

1.1.2.    Statistical model and forecast

1.1.3.    Industry insights and validation

1.1.4.    Research scope and assumptions                

1.2.    Data Sources

1.2.1.    Primary sources

1.2.2.    Secondary sources

Chapter 2.    Executive Summary

2.1.    Clinical Trial Management System industry 360⁰ synopsis, 2012 – 2024

2.1.1.    Business trends

2.1.2.    Regional trends

2.1.3.    Application trends

Chapter 3.    Clinical Trial Management System Industry Insights

3.1.    Industry segmentation

3.2.    Industry size and forecast, 2012 – 2024

3.3.    Industry impact forces

3.3.1.    Growth drivers

3.3.1.1.    Outsourcing of clinical trails 

3.3.1.2.    Enhanced R&D expenditure of life science and clinical research industries 

3.3.1.3.    Increased number of clinical trials

3.3.2.    Industry pitfalls & challenges

3.3.2.1.    High cost of Clinical Trial Management System 

3.4.    Growth potential analysis

3.5.    Regulatory landscape

3.5.1.    U.S.

3.5.2.    Europe

3.5.3.    China

3.6.    Software landscape

3.7.    Porter’s analysis

3.8.    PESTEL analysis

3.9.    Competitive landscape, 2015

3.9.1.    Strategy dashboard

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Growing Respiratory illness & Rising Geriatric Population Drives Medical Oxygen Concentrators Market Growth

Overview

Global Medical Oxygen Concentrators Market was evaluated at $975.4 million for 2015 with CAGR of 10.6% during forecast period. Increasing occurrence of respiratory & pulmonary disorders and growing old age population suffering from respiratory disorders is predicted to fuel the industry growth.

Europe Medical Oxygen Concentrators Market Size, by Product, 2012 - 2023 (USD Million)

These oxygen concentrators supply oxygen to patients in high concentrations. They are used in treating respiratory diseases like sarcoidosis, fibrosis, bronchitis, asthma, pulmonary hypertension and chronic obstructive pulmonary disease.

Read full market research report “Medical Oxygen Concentrators Market Size By Product (Portable, Fixed), By Application (Home Care, Non-Home Care), By Technology (Pulse Dose, Continuous Flow) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:
https://www.gminsights.com/industry-analysis/medical-oxygen-concentrators-market-report

               

Product & Technology Trends

Medical Oxygen Concentrators are segmented into two types – non-portable and portable. Owing to many advantages, portable equipments contributed greater than 50% of total revenue for 2014. Portable oxygen concentrators segment is predicted to register CAGR of 12.5% and touch $1.3 billion by end of forecast timeframe. The growth of the segment is credited to increasing choice for lightweight portable concentrators which can be used at airports, offices and flights.

On basis of technology, the industry is segmented into two types- continuous flow technology and pulse dose technology. Continuous flow technology dominated the technology segment by contributing about 53.1% of total revenue for 2015. Technological breakthroughs have resulted in new product innovation of this segment. Further, growing occurrence of continual breathing problems and current utilization of respiratory device for oxygen treatments is further set to influence the industry growth.

Pulse dose technology offers patients with ease of use, enhanced efficacy and high mobility. The technology is widely utilized for portable oxygen concentrators and is reliable & safe as pulse dose instrument is fitted with sensor having ability to identify the next inhalation. It is predicted to register CAGR of 11.6% during the forecast period.

Applications Trends

Medical oxygen concentrators are more in demand from non-homecare and home care segments. Home care segment contributed more than 50% of total revenue share for 2014 and is predicted to contribute more than $1.5 billion by end of forecast period. Since COPD (Chronic obstructive pulmonary disease) is generally diagnosed in old & middle aged persons, physicians often recommend oxygen treatments along with home care medical oxygen concentrators. Further, device features like price efficacy, low maintenance cost and constant supply of oxygen to patients is predicted to propel the use of home care oxygen concentrators during the forecast period.

Non-home care medical oxygen concentrators segment is predicted to touch $724 million by end of forecast period. Key factors contributing to expansion of this segment are growing occurrence of COPD along with respiratory ailments like asthma, growing old age population and occupational lung ailments.

Regional Trends

North America is predicted to dominate the global medical oxygen concentrators market with total revenue size surpassing $901 million by end of forecast period. The growth of the industry in the region is credited to the factors like developed home healthcare infrastructure, favorable U.S. compensation policies and high occurrence of respiratory ailments. Further, favorable government policies like presence of FAA (federal aviation administrative) that regulate portable medical oxygen concentrator use during air journey and growing occurrence of COPD owing to unhealthy lifestyle can fuel the industry growth in the region.

UK and Germany contributed more than 61% of the total revenue share of Europe medical oxygen concentrators market in 2015. Growing concerns for supply of pure oxygen and continuously improving compensation policies are predicted to fuel the utilization of l oxygen concentrators in Germany. All these factors will contribute to the industry growth in the region.

APAC medical oxygen concentrator market is predicted to register CAGR of 12.6% during forecast timeframe. Large patient pool, growing disposable incomes of patients and enhanced healthcare infrastructure are predicted to contribute to the industry expansion in the region.

Competitive Trends

Key industry players profiled in the report include Nidek Medical Products Incorporation, AirSep Corporation, DeVilbiss Healthcare, Philips Healthcare, Teijin Limited, Covidien Limited, O2 Concepts, Inogen Incorporation, Innova Labs Incorporation and Invacare Corporation.

Mergers & acquisition is a key business strategy implemented by industry players to reduce competition and maintain their industry domination.

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Information Source: Global Market Insights, Inc

Increasing Smart Device Sales to Drive Earphones and Headphones Market Trend

Industry Trends

Global Earphones and Headphones Marketsize was evaluated at $11.68 billion for 2015 and is predicted to surpass $18 billion by end of 2023 registering CAGR of 4.6% during forecast timeframe.Product miniaturization due to changing consumer tastes and technological breakthroughs is predicted to drive profit in future. Enhanced level of compatibility with personal electronics like smartphones, music players and tablets is predicted to positively affect earphone & headphone use. Further, increasing amount of features like Wi-Fi, Bluetooth and Infrared in wireless products are projected to fuel industry growth.

Europe earphones and headphones market size, by technology, 2012-2023 (USD Million)

Increased product growth and product differentiation have resulted in earphones& headphones market price trend. Rising incorporation of new features, tough competition, rise in purchasing capacity of consumers and superior branding activities are predicted to drive the industry growth.

However, presence of big unorganized segment in APAC, particularly in nations like Taiwan, China, Indonesia and India can inhibit the industry growth substantially. Further, rising acceptance of counterfeit items owing to cost sensitivity is anticipated to hinder the earphones and headphones market expansion in future.

Read full market research report “Earphones And Headphones Market Size By Technology (Wired, Wireless), By Product (In-Ear, Over-the-Ear), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, India, China, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/earphone-and-headphone-market

Technology Trends

The industry is segmented into two kinds of technologies that include wired technology and wireless technology.

Wiredearphones and headphones segment size was evaluated at greater than $10.1 billion dollars for 2015 and is predicted to register CAGR of 4.7% during forecast timeframe.

 Key technological breakthroughs in wireless items will promote the demand across high fidelity earphones and headphones segment. Active noise control technology for improved hearing experience is predicted to drive the segment growth.

Dealers stress on developing methods to produce more technologically advanced equipments that fulfills customer requirements. All these factors can contribute towards industry expansion.

Product Trends

Global industry is segmented into earphones, headphones and sport headphones.

Earphones segment share was evaluated at more than 70% of total size for 2015. The growth of this segment is credited to heavy customer demand for its utilization along with portable personal electronic equipments. Factors like increasing smartphones sales, rising disposable incomes and product replacement trends are projected to contribute towards the industry growth.

Headphones segment is predicted to surpass $6 billion by end of 2023. Sports headphones embedded with many features are predicted to gain large industry share during forecast timeframe.

Regional Trends

U.S. earphones and headphones market is predicted to register a CAGR of 4.8% and its size is predicted to cross $5.1 billion by end of 2023. Producers areanticipated toadhere to the rules, legislations and standards set by legal authorities like director of federal register and OSHA (Occupational Safety and Health Organization) related to use of exact components in production.

China accounted a large portion of the APAC earphones and headphones industry share for 2015 and is predicted to dominate the regional industry during forecast period.

Competitive Trends

Key industry players profiled in the report includes Shure Incorporated, Sony Corporation, Sennheiser Electronics, Panasonic Corporation, Bose Corporation,Apple Incorporation, Grado Labs, Aclair, JVC, Phillips, Pioneer Corporation, Skullcandy and Ultimate Ears.

Current dealers are aiming to grow their distribution channels to sustain in global industry. Producers invest enormously in research & development activities and highlight on creating new products that provide optimum product differentiation and technological innovation.

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Information Source: Global Market Insights, Inc