eCOA, eSource & Clinical Trials Market Competitive Strategies And Forecasts to 2029

The latest Fact.MR study indicates healthcare facilities, contract research organizations, and educational & research institutes collectively spent ~US$ 1,950 Mn on eCOA, eSource and clinical trials solutions in 2018. The eCOA, eSource & clinical trials market is envisaged to witness substantial traction through 2019, with gains primarily driven by the growing penetration of digitization in healthcare sector and substantial increase in pharma spending on clinical trials.

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Rapidly expanding deployment of clinical trial solutions, which contributed to ~40% of the total spending on eCOA, eSource, and clinical trials in 2018, will continue to appeal a widening bandwidth of institutions through 2029, says the report.

The Fact.MR study opines that though the deployment of clinical trial solutions overshadowed the use of Electronic Clinical Outcome Assessment (eCOA), eSource, and EDA in 2018, the market is envisaged to witness a range of changes during the foreseeable period. Growing penetration of Bring Your Own Device (BYOD) trend in clinical trials is highly likely to pace up the use of eCOAs, such as ePROS, ClinROs, ObsROs, and PerfORs across wide range of pharmaceutical companies and research facilities.

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eCOAs is envisaged to hold ~45% of the overall spending share by the end of 2029, in line with the growing use of smartphones and tablets to seamlessly collect clinical data for analysis. Additionally, reduced cost and high scalability of eCOA are the primary determinants that continue to push its adoption during clinical trials, which is envisaged to contribute significantly to the growth of the eCOA, eSource & clinical trials market.

As the healthcare sector delves deeper into advanced technology, a large number of companies have formulated unique strategies to remain unaffected by the curve of change. Several pharmaceutical companies, research organizations and CROs have placed their focus on collaborations, while they embrace digitization to create patient-centric experiences. For instance, Signant Health has launched a partner program to collaborate with Clinical Research Organizations (CROs) that are dedicated towards improving clinical trials using patient-centric technology.

Additionally, Iqvia has recently launched a novel eCOA cloud based technology platform to quantify the patient experience, while increasing efficiency and reducing timelines at the same time.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Truck Refrigeration Unit Market Shares, Strategies and Forecasts, Analysis and Overview upto 2029

According to a recent Fact.MR study, ~97,969 truck refrigeration units were sold in the 2018, and sales are highly likely to expand 1.5X during 2019 to 2029. The use of truck refrigeration units for the transportation of fruits and vegetables is envisaged to account for a substantial market share in 2019, and will be accountable for ~40% of the overall sales through 2029.

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The Fact.MR study opines that the demand for highly perishable foods has been expanding at an unprecedented pace, which in turn continues to hard press the food and beverage companies to strengthen their product cold supply logistics/chain. This has led to an increased demand for proper transportation refrigeration infrastructure, while creating a window of opportunities for the market players.

In light of the dire need for the proper and safe transportation of highly temperature-sensitive products, such as fruits and vegetables, meat and sea food, and dairy products among others, chillers have been witnessing a significant demand over freezers. Growing agriculture sector, specifically in countries like India is further underpinning the adoption of chillers, which the Fact.MR study estimates that is likely to exhibit the incremental opportunity of ~510 Mn between 2019 and 2029. The demand for chillers has been primarily driven by the rapidly growing global meat production, which is anticipated to be 16% higher in next five years. As per the study, higher meat and sea food production will create an increased demand for refrigeration transportation, which in turn is projected to create innumerable opportunities for the market players in the forthcoming years.

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The study indicates that the light duty vehicles will continue to remain the bedrock of sales for truck refrigeration units, owing to the increasing demand for smaller size vehicles for in-city product transportation. As per the Fact.MR analysis, light-duty vehicles accounted for ~46% market volume share in 2018, and their sales are highly likely to reach 46,862 units in 2019. As per the study, this steady growth in the adoption of light weight duty vehicle falls in line with the rising population, coupled with smaller lane size, specifically in developing regions. Though the demand for light weight duty vehicles continues to pick pace, the medium size trucks are also estimated to grow at volume CAGR of 4.4% during the foreseeable period.

As the world continues to focus on reducing carbon-emission, the automakers are increasingly developing electric vehicles to cut emissions significantly. In view of this shift in development and preference, a large number of manufacturers of truck refrigeration units’ are focusing on electric variants. Moreover, as per the Fact.MR analysis the adoption of vehicle powered truck refrigeration units continues to grow at a steady pace, whereas high cost diesel powered variants are increasingly losing their attractiveness. The adoption of vehicle powered truck refrigeration units reached ~61,129 units in 2018, and is likely to account for ~60% market share in 2019.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Aging Population Acts as an Infuser for Medicinal Herbs Market

Increased demand for natural and herbal products in the recent past have led to an impressive growth of various medicinal herbs, pushing the research and developments in the medicinal herbs market. Medicinal herbs market is profoundly influenced by multiple properties and benefits served by these medicinal herbs, which is projected to drive the global medicinal herbs market throughout the forecast period. The shift in the demand from synthetic and conventional products to herbal products has further boosted the revenues in the medicinal herbs market. Various forms of medicinal herbs offered by the processors such as whole, powder, and liquids are likely to increase the overall sales of the medicinal herbs market across the globe.

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Developing economies like China, India, various countries in Latin America are expected to create several remunerative opportunities for the medicinal herbs market. Various macro-economic factors were taken into consideration for analyzing the overall sales of the global medicinal herbs market. The rising cost of healthcare, increase in per capita disposable income, growth in the global GDP, are among the crucial factors. All these macroeconomic factors have been driving the global market for medicinal herbs.

Global medicinal herbs market is primarily driven by the increasing use of herbal medicines and herbal supplements across the globe. The increased inclination towards the consumption of herbal supplements due to the rising concerns related to an unhealthy lifestyle and eating habits has led to an increased requirement for the intake of health supplements predominantly made from herbs. These medicinal herbs are naturally derived medicines used for the treatment of various ailments. The medicines derived from medicinal herbs are a sum of practices, skills, and knowledge based on the experiences, beliefs, and theories, which are indigenous to various cultures, used for prevention and maintenance of health. Various types of medicines can be derived from medicinal herbs, including Chinese medicines, Ayurveda, Homeopathy, Naturopathy, among others. The side effects shown by modern medicines drive the consumer preferences towards the use of herbal medicines and herbal supplements, which in turn drives the global market for medicinal herbs. 

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The medicinal herbs serve multiple applications and are majorly driven by the global demand for herbal products. This increase in demand acts as an infuser for the growth of the medicinal herbs market, taking into consideration the several properties of medicinal herbs. The medicinal practices have been shifting towards the treatment and experimentation of the use of medicinal plants, which leads to the discovery of a new herb which depicts the medicinal properties, thus boosting the global market for medicinal herbs. However, the rise in the consumers’ inclination towards the use of herbal products for cosmetics as well has increased the demand for the medicinal herbs by the cosmeceutical manufacturers. 

The term medicinal herbs, includes a variety of plants having some of the medicinal properties. The herb refers to any part of the plant like stem, leaves, fruit, flower, etc. which can be used for medicinal purposes. The medicinal herbs can be used as food, flavonoid, medicine as well as perfume and also in some spiritual activities. Medicinal herbs are widely used in non-industrialized societies, as these medicines are readily available and are more affordable when compared to modern medicines. More than 20,000 species of plants are covered under medicinal herbs across the globe. Nowadays, medicinal herbs are playing a crucial role in the world of health and well-being, as these herbs are gaining traction to be a potential source of therapeutics and curative aids. – says lead research analyst, at Fact.MR.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Honey Market - Healthcare and Medicinal Trends Shaping the Honey Market

The prominent players in the honey market will hold a small share as the market is driven by the unorganized market players. The market across the all geographies is fragmented and captured by local and domestic manufacturers.

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Honey is likely to witness worthwhile opportunities across the globe on the backdrop of the growing number of nutritive food applications and healthy food processing industries. Moreover, the rising usage of natural sweeteners in the organic confectionary and bakery products is expected to leave an optimistic impression on the honey market. The versatile and diverse flavor profile of honey is allowing it to make headway in confectionery where it is being used in flavored candies and chocolates.

A FactMR study predicts honey market to grow at a positive CAGR of 5.1% during the forecast period (2019 – 2029). Honey continues to witness augmented demand for healthy food applications across the globe.

With the sedentary and hectic lifestyle of consumers across the world becoming ubiquitous, the concerns of consumers regarding their health is increasing. Hectic lifestyles have taken time away from exercise, thus compelling consumers to opt for low sugar food items.

The belief that every organic and natural food is good and safe for health is prominently influencing the thought process of consumers across the world. Increasing awareness about different types of honey and health benefits of honey are causing an increase in demand for honey among health-conscious consumer base across the globe. Nutritious and medicinal characteristics of honey help in alleviating stress, and help in recovery from various health-issues like sleep disturbances, sore throat, cough cold, and diarrhea etc. Increasing awareness about these facts among the majority of consumers in the world is expected to boost the demand for honey in the global market.

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During research, scientists have found that honey can decrease the upward flow of undigested food and stomach acids with the help of stomach lining and esophagus. The scientists have proven that honey can reduce the risk of gastrointestinal reflux disease (GERD).

With the increasing demand for honey owing to its health benefits, manufacturers are making efforts to improve the efficiency of the production processes. Global leaders are investing in R&D activities to develop advanced technologies to maintain beehives and produce honey with even better quality and purity.

With the motive of benefitting from the numerous lucrative opportunities, number of new entrants in the global market is increasing rapidly. Leading market players are developing a diverse range of research-driven honey and honey products in order to maintain a competitive edge in different regions.

In 2018, United States production of honey rose by 2% as the bee keeping rose by 4%, however the yield of the honey has risen 2% by volume as compared to 2017. For the production escalation, manufacturers are increasing the number of bee colonies in the facility along with bee hives.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Expanded Polystyrene Market Size, Growth, Forecast | Opportunities by 2027

The increasing inclination towards eco-friendly construction polymers have increased the demand of Expanded Polystyrene in the construction sector. Various studies suggest that greenhouse gas emissions from buildings might reach an alarming state in the near future, if proper measures are not taken. A report from the U.S. Green Building Council revealed that commercial and residential building sector accounts for more than one-third of the total carbon dioxide (CO2) emissions in the United States per year. Countries such as China and India are realizing the environmental implications of robust industrial development and urbanization. The above mentioned factors and government measures towards ecofriendly construction materials are anticipated to fuel the growth of global expanded polystyrene market.

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Growth of the construction sector is creating opportunities for new construction materials. The construction sector is becoming one of the largest consumers of polymer composites. The construction and building industry is well aware of the challenges it is likely to face in the next millennium and thereby continuously seeks for new solutions. This is creating opportunities for expanded polystyrene as they can resolve some of the most critical as well as common issues in constructions. Use of expanded polystyrene can facilitate the production of cost-effective and energy-efficient materials. The innovation of existing materials, to the development of new material combinations and additional multifunctional characteristics, have benefited the players in expanded polystyrene market.  Concurrently, these polymer-based materials have additional properties, which are often not found in conventional materials. Expanded polystyrene is witnessing a high adoption, as a construction material and is also mixed with ceramics and metals in order to develop essential engineering materials that are used for constructing buildings, bridges and other infrastructure.

Consumers are always on the move; this is majorly impacting the food consumption habit of consumers. Hence, companies are developing portable, easy-to-handle packages maintaining both quality and quantity of food products. This is escalating the growth of global Expanded Polystyrene market. Expanded Polystyrene is used in packaging of fish and shell fish, meat, fruits, ice cream and others. Consumers are seeking a quick and easy solution for food consumption, especially during lunchtime and breakfast. Hence, brands are focusing on offering nutritious meals in convenient food packaging. Offering convenience is becoming a priority for brands and manufacturers. The above factors will positively affect the demand of Expanded Polystyrene market.

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Foams made of plastic or synthetic polymers such as Expanded Polystyrene cannot be recycled. Such foam materials are being actively used in production of high-performance protective packaging solutions. Regulatory bodies are levying penalties on several leading players in the global foam protective packaging market to limit the production of Expanded Polystyrene-based foam, also known as Styrofoam. Consumers are becoming more aware towards the adverse effects of waste Styrofoam on the environment. Avoiding the purchase of products packed in Expanded Polystyrene is a deteriorating trend for the growth of the global foam protective packaging market. Moreover, inability to recycle has left companies at the tenterhooks of spending capital towards procurement of used Expanded Polystyrene. Companies are being forced to reuse their products and reproduce new ones, which is also entailing expensive modifications in the production machineries.

In recent years, polymers have become extremely important as engineering materials. In terms of application, they are now successfully competing with other major classes of materials. Expanded Polymer has found renewed vigor in the construction industry. This is because Expanded Polystyrene come with capabilities such as low thermal conductivity, low weight, mechanical resistance, low water absorption, chemical resistance and others. Moreover, ease of handling and installation is anticipated to fuel the demand of Expanded Polystyrene in forecast period.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Tel: +353-1-4434-232
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